GRADUATION SEASON

Financial Tips for New Beginnings

Congratulations, Graduates! Navigating finances can be a daunting task for students, but with careful planning and smart choices, it's possible to minimize stress and set oneself up for financial success. Here are few tips to help you in this transitional time.

1. Understand the costs associated with college, including tuition, fees, room and board, textbooks, and other miscellaneous expenses. Create a budget that accounts for these costs as well as any sources of income, such as scholarships, grants, part-time work, or parental support.
2. Maximize financial aid opportunities by completing the Free Application for Federal Student Aid (FAFSA) and exploring scholarship options. Consider attending a community college for general education courses before transferring to a four-year institution to save on tuition expenses. Be mindful of borrowing and only take out loans when absolutely necessary, opting for federal loans with favorable terms over private loans whenever possible.
3. Throughout college, prioritize frugality by cutting unnecessary expenses and seeking out cost-saving opportunities, such as buying used textbooks or sharing living expenses with roommates. Take advantage of student discounts and campus resources, like free academic tutoring or recreational facilities.
4. Invest in your future by pursuing internships or part-time jobs related to your field of study, which can provide valuable experience and potentially lead to post-graduation employment opportunities.

By approaching college finances with foresight and diligence, students can graduate with minimal debt and a solid financial foundation for the future.

MENTAL HEALTH

Awareness Month

Learn how financial stress affects your well-being, as revealed by Purdue University's research:

Key Insights:

Financial stress is a leading cause of chronic stress, surpassing concerns like politics, work, and family. Individuals experiencing high levels of financial stress are more likely to report poor health overall and suffer from various physical ailments. The cycle of financial stress and health issues can exacerbate already tight financial situations, creating a challenging loop to break.

Strategies for Managing Financial Stress:

• Seek support from counseling services to address mental health challenges stemming from financial worries.
• Engage in financial planning sessions to create a comprehensive strategy for managing and reducing financial stress.
• Utilize educational resources to improve financial literacy and develop effective money management skills.

AMAZING RATES ON

Certificates

Swing into spring with three great rate & term options!

☀️ 4.95% APY*

FOR 6 MONTHS

☀️ 4.75% APY

FOR 9 MONTHS

☀️ 4.55% APY

FOR 12 MONTHS

MEET

Angela Fertitta-Briley

Angela Fertitta-Briley has served on the Nordstrom FCU Board since 2022 and currently serves as the Vice Chair. Drawing on her experience at Nordstrom, Angela passionately advocates for the benefits of membership at Nordstrom FCU, often sharing its advantages with current employees. Presently, she holds the role of Marketing and Donor Relations Manager at The American Institute of Stress. Beyond her professional endeavors, Angela finds joy in activities like Pilates, exploring new destinations through travel, and cherishing moments with her family.

CREDIT UNION

Fun Fact

You can start a recurring automatic deposit with as little as $5 each month! Even small deposits to your account can add up to big savings over time.

Upcoming Events

June 16

Father's Day

June 19

Juneteenth Freedom Day (Credit Union Closed)

June 21

First Day of Summer

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*APY= Annual Percentage Yield. Rates effective May 15, 2024. Must establish membership with Nordstrom FCU to open a certificate of deposit. Early withdrawal penalties may apply. Fees may reduce earnings. $1,000 minimum to open. After the initial term of 6, 9 or 12 months, certificates will be renewed at 6, 9 or 12 months with the regular rate in effect at the that time. Rates and terms are subject to change without notice. Federally insured by NCUA.