2221 S Webster Ave

Green Bay, WI 54301

(920)432-4353 Fax (920)432-1301
www.wismedcu.org

www.wismedcu.org

Winter 2016

MoneyMatters

Get rid of your debt, start the new year fresh!

Inside This Issue

-Debt Consolidation Loans
-Remote Deposit Tips
-52 Week Money Savings Challenge!
Do you have what it takes?
-1099 and 1098 Tax Forms
-How often should you shop for Auto
and Homeowners Insurance?
-Win $25.00

Money can be tight when you have a lot

of monthly payments to make.
A debt consolidation loan can give you
one low monthly payment saving you
time and money you can use for

Vacation Savings Home Improvement A New Vehicle

IMPORTANT
Remote deposit checks must be done as
follows to avoid delays or rejected items:
Sign the check (your signature)
& Write: Remote Deposit Only
Make sure when you take a picture of the
check that you do it on a solid color background
with a contrasting color.
The check has to be within the guidelines
given on your screen.
Your deposit will go through a short approval process
before it shows up in your account . Make sure you see the
deposit in your account before using the funds.
Week Deposit Extra Balance W

$1

18

$18

35

$35

$2

19

$19

36

$36

$3

20

$20

37

$37

$4

21

$21

38

$38

$5

22

$22

39

$39

$6

23

$23

40

$40

$7

24

$24

41

$41

$8

25

$25

42

$42

$9

26

$26

43

$43

10

$10

27

$27

44

$44

11

$11

28

$28

45

$45

12

$12

29

$29

46

$46

13

$13

30

$30

47

$47

14

$14

31

$31

48

$48

15

$15

32

$32

49

$49

16

$16

33

$33

50

$50

17

$17

34

$34

51

$51

52

$52

Do you have what it takes to do the

52 Week Money Savings Challenge?!
Join us starting in January 2016
You can do it on your own or set up your personalized
savings account today and watch your progress throughout the year. Use
the savings chart to the left to keep track of your balance.
You can also print one off of our website or our Facebook page.
Every quarter we will send out tips and tricks, and see some things the staff
and other members have to say about their progress.
Share the fun with your children too by using the
52 Week Youth Money Savings Challenge worksheet.
A great way to teach them the value of savings!
By the end of the challenge you should have $1,378.00, and the
youth challenge should have $300.00.
* for the youth and children saving chart, please see our website or call the Credit Union

Win $25.00! Every quarterly newsletter we want to give you an opportunity to WIN $25.00.

All you have to do is read your newsletter. There will be a

birth date hidden one time within the pages. If that date is your birth date, you have until the end of the month to come into Wisconsin Medical Credit Union to
claim your $25.00. It will be hidden in text and or images with 2 digit month 2 digit day , and a 2 digit year EX: xxxxxx

Federally Insured by NCUA

Tax Information Forms Mailed 1st week in January.

If you do not receive a tax form, all of the tax information you need for filing is on your December 2015
statement or on your home banking account.

If you have a home loan or equity loan with Wisconsin Medical Credit Union and you paid $600.00 or more in interest for the year 2015 you
will be mailed a 1098 tax form.
If you have earned $10.00 or more in interest from Wisconsin Medical Credit Union for the year 2015 you will be mailed a 1099 tax form.

-When doing your taxes and claiming interest paid or earned we recommend that you always check with your financial/tax advisor. -

Important Information Regarding Your Auto and Homeowners Insurance

Shopping for car insurance can seem like a hassle, but you may have heard that it can save you money on your car insurance premiums, too. It is easy to get an insurance policy in place and just not think about it again until you need to file a claim. Yet shopping for insurance periodically really can save you money, and it may not be quite as stressful and time consuming to do as you might think.

How Often to Shop for Coverage

Some experts recommend that you shop for new auto coverage every six or twelve months. There are many factors that car insurance companies use to calculate your rate, and these factors do change fairly regularly. Understanding these factors can help
you to better understand why you should shop for new coverage every six or twelve months. Some of these factors include:

Your Driving History

Crime Rates
The Location of Your Home
The State of the Economy
Your Vehicle

Your Driving History

Factors like if youve had an accident, a speeding ticket, and more do affect your premium. You may have added one of these
events onto your driving record in the last few months, and your current rate may reflect a rate change that is less forgiving of
such events than another policy may be Even if your last accident or ticket occurred a few years ago, keep in mind that each insurance company calculates their rates differently 070663. So that added time that has elapsed may be enough to trigger a lower
rate through another company.
Crime Rates
Crime rates and statistics are constantly being updated, and this includes vehicle-related crimes. The last time you shopped for
rates, there could have been a string of car thefts or vandalism crimes that took place that affected your rates.
The Location of Your Home
Insurance companies use the location of your home for a few different reasons in calculating your rate. Crime, as noted above is
one of them. However, other location-related factors such as the average age of residents in your area and the level of traffic in
your area are taken into account. If you have moved, these factors will definitely change. Even if you have not moved, people do
get older, people move in and out of the area to affect the average age of residents, and traffic patterns change, too.
The State of the Economy
The insurance industry is a business that does take into account factors like supply and demand, inflation, and other economic
factors when calculating rates. The state of the economy is constantly changing, and this can spur rate changes in an insurance
company.
Your Vehicle
Your insurance rates will change if you buy a new car. However, even if your car is the same one youve been driving for a few
years, your rates may need to be adjusted. Factors that affect your car insurance rates include the value and repair costs of your
car. As your model ages, these factors do tend to decrease. Yet if you have been locked into a rate for the past few years under
the same policy, you may not be taking advantage of this fact.
Faster and Easier Rate Shopping
Understanding the factors that affect insurance rates changing often can help you to realize that you may get a better rate by
shopping around for new coverage today. However, the thought of calling around from insurance company to insurance company
can be intimidating, and actually making so many calls can be time-consuming. A better way to shop for rates is to use a price
comparison website. This is an online tool that allows you to enter your personal and vehicle information into a single form, and
you will receive several quotes back as a result. The forms are available to use around the clock, and they take only a few
minutes to use. With how fast and easy it is to get new insurance quotes today combined with the possibility that you could save
money on your premium, it does make sense to take a few minutes today and get a few quotes for coverage. Your insurance
premium is a regular expense in your budget, and so trimming it down today equates to regular savings for months to come. Be
sure to set a reminder for yourself to shop for new coverage again in a few months, too. Simply mark it on a calendar or set an
auto reminder to complete this easy task in your phone or computer.
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