What Makes a Credit Union Different than a Bank?

 The Volunteers

Metrum Community Credit Union is governed by the Board of Directors and Supervisory Committee, which are comprised of members who are elected democratically and serve voluntarily.

The Board of Directors set policies and direct the Credit Union’s efforts to ensure the best interests of the membership are met. The Supervisory Committee has oversight of the auditing
functions, ensuring member accounts are protected.

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The fifth and final step in developing an effective spending plan is to commit to manage your system for the long term. The key to any successful spending plan is to get into the habit of managing a system that works for you.

• Track expenses regularly
• Pay bills regularly
• Balance your checking (spending) account monthly
• Review goals annually or after major life change
• Does your spending plan fit with your goals?

As you can see, you need to start with the end in mind—always keep your goals in mind as you develop your road map for spending.

Remember-

• Set SMART goals by making them specific, measurable, adjustable, realistic, and time-oriented.
• Try several tracking methods and then use the one that works for you.
• Use spending plan work sheets and the cash-flow statement to help you reach your goals.
• Give yourself an annual checkup and make adjustments as necessary.

• Send in rebates and use coupons
• Drive sensibly to save on gasoline
• Brown-bag it
• Don’t go grocery shopping when…
• Install a programmable thermostat/use ceiling fans
• Make saving a habit:
  • Payroll direct deposit
  • Save one year’s raise
  • Holiday Club account
  • Automatic Withdrawal

Any other tips? Share on our Facebook Page!