Board of Directors

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New Monthly Newsletter

Happy New Year, Members! We are ready to take on the new year with a refreshed approach to providing convenient and tailored financial solutions wherever you are. In the past, we have sent out a quarterly newsletter that contained a multitude of Credit Union updates, financial education, and upcoming events. Moving to 2024, we thought it would be a better experience to offer less information but on a more frequent cadence. We would like to introduce you to our NEW monthly newsletter with fresh content to read, learn, and act on!

We hope you enjoy the condensed version of our newsletters and please let us know if there is a topic you would like us to provide education on. Perhaps you would like to know more about the credit card vs. the debit card rewards, or how to perform a transaction in the mobile app^. Click here^ to let us know!

^Data carrier fees may apply. 

Many of our members have switched to Money Management.

As we step into a new year, setting financial goals early can make a significant impact on overall financial well-being. Our Money Management product allows members to establish clear and realistic financial goals, whether it's building an emergency fund, saving for a dream vacation, or paying off debts. The platform's user-friendly interface makes it easy to input, customize, and monitor these goals, providing a visual representation of progress.

An advantage of the Goal Setting feature is its ability to integrate seamlessly into your overall financial picture. Money Management aggregates account information from various sources, providing a comprehensive view of income, expenses, and progress toward set goals. This holistic approach enables members to make informed financial decisions and adjustments as needed. 

Interior FCU offers 3 kinds of tax-advantaged accounts*:

1) Individual Retirement Accounts (IRA), 2) Education Savings accounts (ESA), and 3) Health Savings Accounts (HSA). Here is a brief overview of the benefits of these accounts. Click the links in the corresponding sections to get even more details.

IRAs: You can choose whether to open a Roth IRA or a Traditional IRA. With a Roth, your contributions are not tax-deductible, but your investment grows with pre-tax dollars (more bang for your buck), and qualified withdrawals are tax-free! With a Traditional IRA, contributions are tax-deductible, but your withdrawals are taxed. Learn more about our IRA options here.

ESAs: Education Savings Accounts are opened on behalf of the student. The funds can be used for primary, secondary, and/or higher education qualified expenses. Withdrawals are tax-free when used appropriately. Contributions are not tax-deductible but allows for strategic planning over the years.

HSAs: A Health Savings Account will assist in managing increasing healthcare costs as we age. Contributions are tax-deductible, and withdrawals are tax-free on qualified medical expenses. If you have a high-deductible health care plan, you may be eligible for an HSA. 

*Consult with a tax professional about specific tax situations.

Board of Directors Announcements

There were 3 candidates (Karen Baker, Jackie Lynch, and Peter Probst) for 3 board seats and all will be approved by acclamation.  There will not be a Board of Directors Election held in 2024. This year, our annual meeting will be held on Wednesday, March 20, 2024. Please look for the invite in next month's newsletter!

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