Imagine Your Financial Future

Imagine Your Financial Future

Imagine if – You paid off that debt that has been weighing on your shoulders, you took that vacation you have been dreaming of, or you transformed your home into the perfect cozy oasis (and bonus, raised the value of your home!).
Those things are possible, and we are here to help you with them with our Home Equity Line of Credit (HELOC).

Your next thought is probably “But how?” Here’s how it works!
First, we’ll explain what HELOC is: A HELOC is a line of credit secured by your home that gives you a revolving credit line to use for large expenses or to consolidate higher-interest rate debt on other loans. A HELOC is a secured loan and that means that the interest rate is often lower than other common types of loans, like personal loans or credit cards, and the interest may be tax deductible.

How it works:

A HELOC loan borrows against the available equity in your home and the house is used as collateral for the line of credit. You can also think of this loan like a credit card – As you repay your outstanding balance, the amount of available credit is replenished. So you can borrow as much or as little as you need to. The benefit of this loan is because this is a secured loan, the interest rates are typically lower than personal loans or even credit cards!

So, whether your “Imagine If” list is checking off home improvement projects, paying off student debt or booking that much needed vacation, then contact one of our representatives today and we will help you achieve your goals and answer all your questions!

Apply Now
February is the month of love!

February is the month of love!

February is the month of love!

Here at NorthRidge we LOVE our members! We know that right now times are hard, and they have been for a while but we want to share just a few of the reasons why we are so thankful we have had you through it all!

To sum it up, we love you because of your stories, your families and your encouragement.

We asked some of our staff to tell us why they love our members, and here are a few of their answers!

Tia: I love seeing our members on a regular basis and getting to know them personally, so the conversations are not generic and so that if a situation comes up they feel comfortable to maybe share, and maybe we have an option of assistance we can offer them that they didn’t know about.

Gabby: I love working with our members because they can come to us if they have any questions or have any concerns and we will do whatever we can to figure things out for them. I love seeing them happy once they better understand something which can include just a basic transaction, a debit card issue, or a member who just lost a husband or wife and now having to explain and help them out with online billpay or any basic transactions that they are not used to doing since their spouse has always done it.

I love explaining something such as an account that would better benefit them and seeing their face life up because they are so grateful, or getting them logged back into Online Banking after they were locked out after 6 attempts. Everyday life is not always easy and I feel like something as little as getting them into a higher interest rate account or logged back into Online banking can change their bad day into good. It leaves me feeling like I made a positive change in someone’s day which is always a great feeling.

It may not be a huge thing every day but I feel like even small changes or small gestures can make a huge difference and I think we do a great job about doing this every day.

Becky: I love working with our members to refinance collateral loans for a better interest rate and make them so happy. I love working with our members who don’t think they can get a loan. I love working with our members to help build their credit. I love working with our members building a relationship for their financial needs for their lifetime. I love working with our members!

Madisen: There is so much I enjoy about working here at NRCCU and the members have a huge part in that. They are what make the stress filled days’ worth it and good days even better. I love being able to connect and laugh with our members and have them leave with a smile on their face.

Taylor: I love that we build relationships with people and are more like a friend or family, than a financial institution. I love helping our member’s save and make investments. In my new position I get to help people reward themselves for working hard or help them breathe from being in a tough spot! It’s such an awesome feeling! ​

Kevin: I love helping our members achieve a dream of theirs, whether it is owning a business, a home or a new car, helping them achieve this is a great joy.

Rebecca W: I have the unique ability to understand our members individual stories, and I love the relationships I get to build with them because of that.

Rachel C : The thing I love about working with our members is their ever changing lives that I get to see glimpses of and as relationships grow stronger, you become apart of in a way. You help make dreams and goals a reality and being along for the ride as life events come and pass you can’t help but share in those feelings with them. Sometimes it’s excitement, sometimes fear or a struggle that brings them through the door but the greatest part is finding a mutual trust and knowing that I helped make that possible makes me love what I do.

Mandy: I love getting to know each member that I get to work with and finding out what I can do to help them reach their goals.

Jade: I love talking with our members and hearing their stories. Working here is more than doing a transaction for someone and then they walk out the door, more than just asking them when they’ll be able to make a payment on their account. It’s about learning people’s stories and where they’ve been compared to where they are now. It’s about building relationships with our members and letting them know we’re here for them financially through the good times and bad. We are here for our members so I find it nice to chat with them for awhile.

New Year, New App!

New Year, New App!

The new year is bringing you a new and improved app from NorthRidge! 

So, what can you look forward to in the new app, you ask?

What can the app do?

  • Review your account and see balances and history
  • See your e-statements
  • View cleared checks
  • Make mobile deposits
  • Access and use bill pay
  • Control your debit card, through the freeze controls.
  • Apply for a loan

What’s New?

  • You can now sign up for online access directly from the app.
  • No need to access a PC.
  • Instant balance-See your balances without logging in
  • Updating your information-Email, phone, and address
  • Setting up mobile alerts and registering a new mobile number
  • Find an ATM or branch close to you.
  • Stop a payment

If you don’t currently have our app downloaded, then go to https://nrccu.org/online-banking/ and download it today! 

Shop Local, Support Small

Shop Local, Support Small

In this year’s season of gifting and giving, we encourage you to shop and support your local businesses. 2020 has been a doozy on each and every one of us, businesses included. Our local shops, restaurants, and charities have been there for us for many years, they have gone out of their way to listen to our wants, done giveaways, supported your event, sports team or school. And now it’s our turn to support them, to cheer them on, to make sure they are able to keep their doors open! So this year during the holiday season, we encourage you to try and shop local as much as possible in any way you can. Whether it’s buying gifts, gift certificates, making care packages to send to your loved ones or supporting them on social media! 

Make sure you check out all the great businesses on the Iron Range this season!

Financial Reflections

Financial Reflections

Learn to be thankful for what you already have, while you pursue what you want. Jim Rohn

As 2020 winds down, we are left with time to reflect on this turbulent year. We should use this time to take stock of what we have, where we are, and establish new goals. Now is the time to assess what has happened and how we came to this situation. What have we gained? What were we able to rely on this year? It’s tempting to try and control every aspect of our lives, but we know that simply isn’t possible. This year it is critical for us to be grateful for what we have for us to move forward with purpose and positivity.

Here at NorthRidge it’s important for us to be your partner in helping you access your own money, now and in the future. With our Free Kasasa Cash Program you can save money on ATM visits each month. While this amount may seem small, it is an important part of our financial journey together. This small feature makes saving a tad easier.
If you haven’t started thinking about how much money you saved this year when using the ATM, perhaps think about what the future holds for you. Are there any big trips or purchases coming up in 2021? Will you need a new car once the winter is over? Do any of our services, such as loans, IRAs, or CDs cross paths with your future goals? Come talk with us and let us help you reach your goals.

Take some time this month to look over your finances. Push yourself to assess your financial habits throughout the year as we gear up for the holidays and the upcoming new year. There are plenty of things we can do here at the NorthRidge offices to ensure success for all of us for years to come. If you promise to take some time to reflect upon your finances and find something to be grateful for, we promise that we will continue to work hard to support you and your financial needs.

We learned about gratitude and humility – that so many people had a hand in our success, from the teachers who inspired us to the janitors who kept our school clean…and we were taught to value everyone’s contribution and treat everyone with respect.Michelle Obama

 

Spreading cheer through random acts of Kindness

Spreading cheer through random acts of Kindness

Northridge spent the last week spreading kindness through random acts in our communities for CU Forward Day.

Emily M.

Our employees went out in the communities and performed random acts of kindness in the following ways:

  • Bought groceries for members in our community at the Hoyt Lakes IGA, Virginia and Hibbing Super Ones.
  • Bought Gas and groceries at the Holiday Station in Hibbing.
  • Bought lunch for members in our community at McDonalds in Hibbing
  • Bought cups of coffee from the Log Cabin Coffee in Ely
  • Placed rolls of quarters in laundromats to pay for community members laundry
  • Paid for students’ lunches at Ely elementary, who were past due.
  • Donated to Contended critters and Range Regional Animal Shelter, as well as paid for a vet bill
Hibbing CU Forward day

James H.
Assessing your Data Security

Assessing your Data Security

Your life is fueled by data. Data is estimated that in 2020, the average person will generate 1.5 megabytes of data each second. With each search, click and swipe we sprinkle and leave a little bit of data behind us either personally or professionally online.This data can be used to tell our story, share what we bought, what we wrote and what we’ve filmed and photographed. And just as we work to generate our own data, we also receive data in countless ways. This is the never ending ballet of the information age.

You have agency over your own security and how your data is used and accessed. Within the past five years 45 percent of Americans have reported data compromises; it is important to be informed and aware of your security options and what it all means. There are some universal standards and practices for internet and data security but that only goes so far. Below are a few things to think about and implement.

With security breaches happening more and more each day, do you happen to know all the various websites and apps that you might have an account with? It is important to do an assessment of where your information may be. Ask yourself the following questions: Does that data need to be there (like a recurring subscription, photos in the cloud, etc)? What purpose does it serve? Do you feel OK with your data being stored there? Think about how secure the password currently is. Should you change it? These are all important factors to think about as you try to cast an outside view of your security practices.

Take your list of websites and think about the options they offer for security. Big websites like Facebook, Twitter, Google, etc. offer a wide array of account recovery and authentication features. Services such as Two Factor Authentication, where when you log in, a number of techniques could be used to prove it is really you that is logging in. You can be sent a code, a notification to an app where you approve the log in, a phone call, etc. You usually have a short amount of time to enter the correct code before it expires, or you’ll have to do it again. This gives you just an extra layer of control over others trying to access your account. It may be a bit of a pain, but the extra step is worth the security.

As you map out your data and continue to use the internet, there are some tools that can help you keep information secure. There are several great extensions for Google Chrome here. These can help you have a smoother browsing experience. For example, Last Pass keeps all of your passwords secure and will insert them into the proper fields of websites you visit. This also makes using a different password for each website very convenient, further enhancing your security. Keeping your applications up to date also helps protect against possible threats.

Through reflecting on and enhancing your data security, you are able to become a more informed user and protect your information. Hopefully this post helps you as you think about where your data is stored and how secure it is.

Emergency Financial Preparedness Tips

Emergency Financial Preparedness Tips

Emergency Financial Preparedness Tips

The Department of Homeland Security has designated each September as National Preparedness Month to promote disaster planning for families and communities. This month encourages everyone to plan now, and throughout the year, for possible emergencies.
People from all levels of income experience the hardship of rebuilding their lives after a disaster or emergency. In that stressful time, having access to personal documents including financial, insurance, medical and other records is vital for ensuring that your recovery process can start quickly and easily. Ready.gov notes these important items to remember.

Continue reading

Prepare Now, Save Later

Prepare Now, Save Later

Prepare Now, Save Later

In August, one of the last things we want to do is think about the winter months ahead. However, taking advantage of warm weather now, can save you money and time when the inevitable winter arrives. There are many different tricks and tips for saving on your heating bill, and your friends at NorthRidge want to help prepare you!

  • Install Weatherstripping – You can find affordable options of weatherstripping at hardware stores. You place the weatherstripping inside the door frame, and it can help stop cold drafts from entering your home. One easy trick to testing for drafts is lighting a candle near your door frame, if the flame blows towards you then there is a draft coming from the door.
  • Update to a Programable Thermostat – According to EnergyStar.gov, you can save up to $180 a year on fuel costs. If your home is empty for consistent time periods during the week, you can automatically have the temperature lowered during the workday and brought back up to temp even before you come home from work. If you don’t want to deal with the hassle of a new thermostat, even setting the time down as you leave, and increasing it when you arrive home can save you money. Especially if gone for several hours or days.
  • Replace Your Furnace Filter – Having a dirty furnace filter will reduce your furnace’s efficiency and raise your month heating bills. Depending on the quality of your filter, you should change it monthly or every 3 months during the winter. Pleated filters will trap more dirt particles. This also makes your air in your home cleaner and healthier.
  • Plug Household Leaks – We often forget to check for leaks and gaps in our home’s exterior until it is too late, and the temperatures don’t allow helpful repairs. Take advantage of warm weather to inspect your home’s exterior. Check for gaps and cracks in siding, windows and foundation. Then seal those issues with foam gap-sealer or caulk as need be. Even small gaps and cracks can greatly reduce your homes efficiency.
  • Insulate Hot Water Pipes – We often don’t think about the little things like our hot water pipes but insulating them can help improve your water heater’s efficiency. As the warm water travels through your exposed pipes, the water starts to cool down. Which means you will need more water to heat up the pipes alone. Measure your pipes’ diameters and lengths and bring those to the store to get the right size insulation.

There are many different tips and tricks we can use to prepare for winter, but the best tip is staring early! Often, we wait until the cooler weather arrives, and must power through any last-minute preparations. Use the warmth of August to “enjoy” preparing for winter. If you realize your home could truly benefit from bigger projects, such as more insulation and new windows, don’t forget your friends at NorthRidge Community Credit Union can help you with those bills! There are many different options from a Home Equity Line of Credit (HELOC), 2nd Mortgage, or even a personal loan to help cover your costs. For more tips and tricks, and even a home assessment check out: https://www.energystar.gov/campaign/assessYourHome