Well they’re technically not new, but they’ve got a new look! If you’ve ever seen us at events such as the Derby, Gaslight Festival, or St. James Art Fair (to name just a few), you’ve probably noticed how bright and colorful we are not just as people… but also by our brand colors! That being the case, we think you’ll have no problem seeing these Park-o-mobiles blazing on down the highway. If you see one, feel free to come up and say hello and tell us how much you love your credit union!
A Short Video From Our Members and Employees
As employees of Park Community, it’s no secret to us that we know that Park is the only choice for all of our financial services; however, perspective sometimes will hinder our grasp on the fact members and potential members have several options when it comes to who they trust with their finances. That being the case, we put together a video that will give you a glimpse into how our members feel about their Park Community experience and how our employees feel about the privilege it is to be a positive part of members’ lives.
2012 Annual Meeting and Board of Directors Election
Come out and join us, cast your vote, and see democracy in action! Remember, credit unions are ran by a board of volunteer directors ready to make decisions in everyone’s interest, unlike a bank’s profiteering board who are more concerned about the bottom line.
Date: Thursday, February 9
Time: 7:00pm
Place: Monogram Hall – GE Appliance Park, Louisville, KY
The nominating committee has submitted the following names for the two positions open:
• Dennis Munn
• Donald Cummins
If you need directions or have overall questions about the annual meeting or how your credit union works, please e-mail wes.may@parkcommunity.com.
Park Community and Kosair Charities Team Up!
We asked a member of Kosair Charities’ staff to give us their perspective on their teaming up with us and thought we’d share it with our blog readers!
Park Community Federal Credit Union and Kosair Charities have created an exclusive partnership that is turning out to be huge for Louisville! Together, Park and Kosair Charities have created Louisville’s first ever debit card for charity. Although this may seem like an odd partnership, it fits because charities and credit unions have a lot more in common than you might think. For instance:
1) Park Community Federal Credit Union is not-for-profit…just like Kosair Charities. It is all about helping the community!
2) Members of Park Community elect a volunteer Board of Directors to represent their interest. Kosair Charities is also led by a Board of Directors who keeps our Kosair Kids best interest in mind all the time.
3) Credit unions use money to help people. Kosair Charities uses money to help medically fragile children all over the state of Kentucky.
4) Park Community Federal Credit Union is a full service financial institution. Kosair Charities gave away over $18 million in 2011 to organizations that provide medical care to children.
5) Park Community is open to the community. Kosair Charities is willing to help all children who have medical problems, and strive to make sure all necessary medical attention is received regardless of their ability to pay.
The Kosair Charities debit card is available at all Park Community Federal Credit Union locations. There is a $5.00 donation to get the card; however, that entire fee comes back to Kosair Charities to help our Kosair Kids!
The most important aspect of this new partnership is to make our community a better place and to keep our kids healthy! Park Community and Kosair Charities look forward to a extensive partnership that continues to make Louisville a better place.
A Video From Park Community’s CEO
With the launch of our new charity debit cards, our CEO Jim Spradlin wanted to reach out to the community and inspire members and nonmembers alike to be aware of two great (and local) charities that you can donate to while getting something in return. For more information, please call 800/626.2870 or visit parkcommunity.com
Did you know we have a Youtube channel? Favorite us here!
Holiday Gifting with Credit
The old story goes “buy now; pay later,” and Americans have fallen for it in the past. Buying wants along with needs with money they haven’t yet made, we have become a country of debt. Oh there are debts that are not only reasonable, but healthy for building credit. Low interest debt such as financing a home or car is much more reasonable than a credit card, or worse, a payday advance. According to TransUnion, this year alone, 8 million Americans have changed their spending habits and not used credit cards for gift-buying. That’s all well and good, but what’s the solution when you are on a budget *and* have multiple recipients in mind for holiday gifts?
1. Love Your Credit Union?
Let’s hope so! At lovemycreditunion.org, you can find awesome discounts at places you shop every day AND you earn cash back on all purchases without having to rely on high interest credit cards to do the same for you.
2. Coupons
As a previous blog post will show you, couponing can save you hundreds or even thousands (depending on what you spend) a year on groceries and other basic human necessities. Look for coupon codes online at sites like retailmenot.com. Shop smart, and let coupons be your boomstick of savings throughout whatever year it might be.
3. Refinancing
You could shave your car or house payment down and pocket the monthly savings if you qualify for a lower rate. Not only that, but equity (home AND auto) loans are much lower in interest than credit cards, payday advances, and other unsecure loans. (We’d love to talk about refinancing if it will save you money, by the way… hintety hint hint)
4. Isn’t number 3 a great idea?!
Yes. Refinancing and equity loans are such an improvement over credit cards, they get TWO numbers. I’ll bet you didn’t see that one coming!
5. Be Patient
Things usually will go on sale… even on days that don’t begin with “black” or “cyber” and end with trampled grandparents or overheated servers! Going into details about retailers’ markup percentages would probably make you angry, so I’ll just say that the BOGO sales you wait for still make them money. Don’t pay full price unless you’re absolutely sure it won’t go on sale *cough* iPad, anyone? *cough*
If you have questions or would like counseling on setting up a holiday budget, contact Accel, our financial advising service that is FREE to our members!
The Co-Pay Pocket of Maximum Deductible Co-Insurance
Say what? Confused? That’s how my wife and I felt when we sat down to calculate the best insurance plan for our growing family. Over-insuring is one way you can easily waste your money, but it’s really all about the risk you’re willing to take.
When choosing our insurance policies, these are some of the things that helped up make our decision:
- What does the worst possible situation look like? If we had to meet our out-of-pocket maximum, would we be able to afford it? Would it be possible to set that aside in an FSA or HSA?
- How much do we actually spend on prescriptions, co-pays, etc? Is the lower premium worth higher co-pays on prescriptions and physician co-pays?
- Join forces on one insurance plan or conquer and divide? Do either employers charge to add a dependent that has insurance coverage available?
- Would taking a lower premium option and putting the difference in an FSA or HSA be beneficial?
After a couple of nights of looking at the policies with crossed-eyes, we decided to take a more conservative route. Although we’re not paying less, we’re going to pay about the same even with the addition of our little one. A lot of companies have an insurance liason, take advantage of them: ask them questions, have them explain it a couple of times, and don’t feel bad about it. Insurance is written in a different language, and there is no college degree available that makes it any more understandable. Good luck and good health!
Pictures with Santa!
We’ve put up a schedule of our Pictures with Santa events on our Events and Notices page in case you find yourself on our homepage, but in the meantime, here is the schedule:
Friday, 12/2
Richmond - 3:00pm - 6:00pm
Saturday, 12/3
Blankenbaker - 9:30am – 11:30am
Fern Valley - 9:30am – 11:30am
Lexington - 9:30am – 11:30am
Friday, 12/9
Berea - 4:00pm – 6:00pm
Goldsmith - 3:00pm – 6:00pm
Saturday, 12/10
Dixie - 9:30am – 11:30am
Hillview - 9:30am – 11:30am
Clarksville - 9:30am – 11:30am
Friday, 12/16
515 W. Market St. - 3:00pm – 6:00pm
New Albany (inside Kroger) - 11:00am – 2:00pm
Saturday, 12/17
Shepherdsville - 9:30am – 11:30am
Not only are these pictures completely 100% absolutely FREE, you even get a great deal on opening any youth account with this coupon. Pretty sweet, right?
Have any questions about Pictures with Santa? Send us an e-mail!
Couponing for the Real World
Have you seen any of the Extreme Couponing shows? I don’t know about you, but I already have a full time job! There is no way I can compete with those Couponers. However, I do want to save as much money as I can. Who doesn’t, right? Well, I started couponing about 4 years ago and here is what I have learned so far…some of it the hard way!
The very first thing I learned is don’t bother with the 12 compartment coupon organizers that are on the market. They simply aren’t large enough for someone who actually cooks at home. I tried a 3×5 index card file and still found that to be a little small. I discovered that the 4×6 file box works the best for me. It’s large enough for some of the longer coupons and actually holds more than the 3×5 size. Also, if you have a baby, there is still room for a carrier and your coupon box to fit in the seat of the bas-carts. The second thing I learned, make sure it has a good latch. One of my most memorable coupon incidents was at Kroger on a particularly windy day and when I was crossing the lane right in front of the store my coupon box became unlatched. Coupons went flying across the parking lot into oncoming traffic. Oh, My Coupons!!! I found out that day, that there are good Samaritans willing to help a poor girl get as much back as possible. I didn’t get all the coupons back, but I did get the index dividers. That was truly a blessing.
The next thing I discovered about the commercial coupon organizers, they do not have enough compartments. I personally don’t have the patience to stand in the aisles of the store and pull out the “canned goods” coupons and try to sort them out into fruits, vegetables, beans, juice, meats… Ahhhh! I’ve run out of fingers!!!! As a result, I have 78 divisions in my box. I know, I know, that’s a lot, but trust me when I say, standing in front of the canned fruits and not having to sort out the other canned items is less overwhelming in the store on a busy Saturday morning with a baby that is starting to get fussy. Once you start filing the coupons in your box, you get to know where the slots are and, truly, it’s not bad at all. If you want my divisions, e-mail me at angela.scott@parkcommunity.com and I will be happy to get that list to you. I also recommend putting some contact information in your coupon box. I have left my coupons in the bas-cart before and have been ever so grateful that someone has turned them in to the office. If I can’t remember to get my coupon box, I don’t want to rely on my memory for the 78 divisions that I have created.
Another problem I see with people who start out is that they try and get ALL the coupons. Don’t bother. They will just take up space in your box until they expire and you eventually throw them out. Look thru the coupons and clip those that have a greater than 50% chance of being used. For example, I happen to have a husband who works in a food factory and his clothes get home full of grease, hydraulic fluid and other unmentionable matter. We have tried several detergents to clean his clothes and we like the results from Tide and Resolve spray. So at this point, I don’t even try other laundry detergents, and I don’t bother clipping coupons for them. Now, if something new does come on the market, I may clip those coupons. Usually, something new on the market will be at a lower cost and there are coupons (some free coupons) to try and entice you to try their product. Sometime it does take a little while to hit the shelves, though. Lets face it, that space is at a premium and retailers are not going to give it up on something that may not sell.
As far as actually getting coupons, I usually do buy the Sunday paper and get them out of there. However, I also get them from my Mother-in-law who doesn’t use her Sunday coupons. Some of my co-workers are also coupon clippers and we share what we don’t clip. (Remember the Tide scenario?). There are also several websites to get coupons from. They include www.SmartSource.com, www.coupons.com, among others. Several brand names also have their own resources for coupons such as Kraft, Pillsbury, Betty Crocker and Proctor & Gamble, not to mention other sites like Eat Better America. (Several of these sites will also give you a free calendar each year with recipes on them just for signing up on their newsletter). If you are pregnant, or are close to someone who is, sign up on the baby sites. These include Gerber, Enfamil, Similac, Pampers, Huggies, Fisher-Price just to name a few. Not only will you get coupons for their products, but free samples. Trust me, the price of formula will break the bank! A great reference site for all things baby is www.Babycenter.com. Even though you may be overwhelmed, there are several options that don’t take too much of your time and resources.
Lastly, don’t discount your loyalty card for your favorite grocery store. Mine happens to be Kroger so I can only tell you about my experiences there. I have received many coupons from them for things that they know I buy on a regular basis including coupons for $5 off your next purchase for anything in the store! Plus, if you register your card on their websites, there are electronic coupons that can be loaded to your card so you don’t even have to remember to bring them in! This feature is FAN-TAB-U-LOUS for people like my husband who I sent to the store for 2 items that I had coupons for that would have lowered his bill by $2 and he came back home with the two coupons in his jeans pocket. What was he thinking?!? That’s 2 whole dollars! (Electronic coupons can be found on Kroger’s website and Proctor and Gamble’s site.) Another thing that I like about Kroger is that they double coupons up to 50 cents. That means that your 50 cent turns into a $1 without even trying!
When using the coupons, be sure to check out all the sizes. I’m going back to Tide on this example. The 150 ounce bottle was on sale for $19.99, but the 50 ounce sizes were on sale for $5.99. I had 4-50 cent off manufacturer’s coupons. By buying the 50 ounce bottles, I was able to get 50 more ounces for $1 more than I would by buying the 150 ounce bottle using the one manufacturer’s coupon. However, the best thing about couponing is being able to use multiple coupons, but this can get a little tricky. I’m going to use my baby’s formula coupons for this example. I had a store coupon for $8 off of ONE canister of formula, another manufacturer’s coupon for $2 off ONE canister of formula, a 3rd store coupon for $13.85 off of TWO canisters of formula PLUS 2 – $5 checks for formula (Thank you Enfamil!). I was able to use them all on 2 canisters of formula. That totaled $33.85 off of 2 canisters of formula, so I got one for free! I love FREE! The trick here was using a combination of store coupons and manufacturer’s coupons for the amounts purchased. But using manufacturer’s coupons can also pay. Last night I had 4 – 50 cent manufacturer’s coupons for Fischer’s Hot Dogs. This week, Kroger has them in their 10 for $10 mix or match sale, plus they gave me a store coupon for 75 cents off ANY Hot Dogs. I was able to get 4 packages of Hot Dogs and THEY PAID ME TO TAKE THEM. Hunters may bag their deer, but I bag the groceries!
Keep Your Fuel Gauge on “F”
There are a large number of people who are just absolutely sure they are the world’s #1 driver, but the one area it counts in terms of your pocketbook is how much you’re spending in fuel. Face it; fuel isn’t going to get much cheaper, and maximizing your MPG can be one thing that determines whether you can have the soup of the day or reheated yesterday’s leftovers.
Acceleration = More Fuel
When you “step on the gas,” you’re doing just that. The car has to burn more fuel to push beyond the forces slowing it down such as gravity, inertia, and wind resistance. That being the case, the less your foot is pushing down, the more fuel you save. A great example of this would be when you see a green light suddenly change a few hundred yards down the road. You know it’s going to still be red by the time you get there, so taking your foot off the pedal isn’t going to detain you from arriving at your destination. Also, the slower you’re going when you need to hit the brakes, the less brakes you use. It’s a win/win! Also, in the case that it’s a short light and changes before you coast up to it, you can just resume with your foot on the accelerator without ever having hit the brakes at all.
Fuel Additives
One might think that spending more money on a fillup is unnecessary and costly, but pouring in injector cleaner and other preventative substances semi-regularly during a fillup can help deter major mechanical failures down the road. They also help the vehicle run more efficiently, thus giving you more out of the fuel you’re purchasing.
Slow Down!
If you’re not in a hurry, then take it easy. The slower you go, the less wind resistance you’re going to put on your vehicle, and the better fuel economy you’ll see… especially on box-shaped vehicles that displace a lot of air as they move. Even going 5mph slower than you’re used to will make a big difference in mpg, but not a noticable amount of your time.
There are many resources that can help you save your fuel, keep your car on the road longer, and keep from having to pay so much in repairs that could’ve been avoided just by practicing better maintenance and driving habits. Drive smart, everyone!





