A Publication from Division 10 Highway Employees' Credit Union
Get a Head Start
on Next Year
Vote for our new name
Save the date for
our Annual Meeting!
Save the Date for Our
April 3, 2020
Oran Knights of Columbus Hall
Join us for our Annual Meeting to learn about what we’ve accomplished this year and new promotions to come. We also have some exciting prizes to give away! Be sure to go online or call (573) 472-5373 to reserve your spot.
Click here to RSVP.
Welcome to 2020!
You’ve made it through the chaos and stress of the holidays to the start of a brand-new year. It’s a time to look forward to all the exciting things to come and make plans with renewed motivation, and a time to reflect over the past year.
I’d like to take a moment to reflect on your Credit Union as well. 2019 was an exciting year of growth for Division 10. We added more than 130 members and grew our loan portfolio by $1.6 million and our deposits by $1.2 million, just over the past 12 months! I’d like to personally thank you all for helping your Credit Union have a such a great year. Without you, our success wouldn’t be possible.
I could not be prouder of this Credit Union – and not just because of our growth this past year. More importantly, I’m proud of what we do, the relationships we build and the help we give families to gain financial stability. The very core of Division 10 is our dedication to serving you and your families. We firmly believe in bringing a personal touch to your banking, and we take pride in really getting to know you and your needs. So, thank you for being a part of this Credit Union. You, and the relationships we build together, are truly what makes us strong.
And now, as we usher in the new year and all start making our resolutions, I’m reminded once again of how honored I am to be a part of the Division 10 family. I am so excited to see what other successes and opportunities come in 2020. Here’s to another great year!
Christmas Club Account
Get a Head Start on Next Year
Did holiday expenses sneak up on you this year? Now’s the time to open a Christmas Club Account and be prepared for 2020!
A Christmas Club Account is a dedicated savings account that helps you plan for holiday expenses by saving a little all year long. You can “set and forget” with automatic recurring deposits or simply make transfers when you choose. Funds are automatically disbursed to your share account in October – just in time for the big shopping season.
To open your account, call the office, visit our branch or sign up online at www.div10cu.com/christmas-club.
Highway Hero Honoree Scholarship is a member-funded, not-for-profit scholarship awarded to our eligible Savvy Saver Members. We want to facilitate investing in our young members’ futures, and thus we started the Highway Hero Honoree Scholarship Foundation.
Our Annual Golf Tournament Fundraiser, along with any contributions from our members, determines how many scholarships we are able to award each year.
To contribute, you can simply complete a form to have a recurring amount automatically drafted from payroll or any account, at any frequency. As little as 50¢ per week from each of our members adds up to more than $44,000 in scholarship money! Remember, these are tax-deductible contributions!
If you would like to contribute or apply for a scholarship, please visit www.div10cu.com/highway-hero-scholarship.
Swing for the Green
Everyone is welcome to participate!
3rd Annual Highway Hero
Honoree Scholarship Fundraiser
May 8, 2020
Cape Girardeau Jaycee Municipal Golf Course
All money raised will go directly to our Scholarship Program. Participants need NOT be Credit Union Members.
Featuring our Golf Ball Drop
Fun for golfers and non-golfers alike
Highway Hero Honoree SCHOLARSHIP
It can be difficult to change our lives, even when it’s for the better. Knowing this, we want you to know that in your financial life there are changes you can make today that will last the entire year. Here are three resolutions you can set today and some follow-up goals for the rest of the year.
Today: Save money automatically. If you want to save up your money, the easiest way to do so is simply to automate your savings. You can set up an automatic transfer to savings so you won’t be tempted to spend it.
Later: Set up an emergency fund. How much do you have set aside? If an emergency came up, would you have to sell investments, cash in your retirement or borrow from family? You’ll eventually want to have at least six months of income put aside where you can get to it. For now, start with $1,000, a month’s income or whatever feels realistic. It might be difficult to get in the habit of saving money, but if something unexpected happens, this is the resolution you’ll be happy you kept.
Today: Pay down your debt. If you’re struggling with debt, there are three basic solutions for paying it down, getting your payments under control and getting ahead of debt. Set up automatic payments, increase your payment even just by a little bit, make payments more frequently or see if you can lower your interest rate with a balance transfer or refinance.
Later: Get control of your spending. It’s time to make a budget and stick to it. Build rewards into the budget so you’ll actually be happy to follow it. Take a look at what you buy with your credit cards, then budget at least some money for those items or activities. You’ll never keep a resolution like “stop eating-out,” but you have a better chance of keeping a resolution like “don’t go over the eating out budget.”
Today: Make a drawer. Empty a drawer in your kitchen or study and put as many relevant financial documents as you can find in it so that in the unfortunate case of death, the executor in charge of your estate can easily find everything. Make a list of everything in the drawer and everything that’s missing. Put a copy in the drawer and another with your will. As with any sensitive, personal data, keep this information in a safe place that only you and the likely executor(s) of your estate will know about.
Later: Fill the drawer. What’s missing from the drawer? Do you have a will? How much life insurance do you have? Do you have enough savings to take care of your children? How will they receive that money? Talk to a financial planner and insurance specialist to make sure you’re set. With any luck, 2020 won’t be the year you need it, but if it is, it’ll be better for everyone involved if there’s a plan.
Scroll to read more
You Can Keep
Buying your first home can be stressful, but we've got some tips to make the whole process easier. And best of all, you’ve got Division 10 behind you when you decide to make that big purchase!
Get pre-qualified for your mortgage through Division 10 – then only spend 75% of what you’re qualified for. Division 10 can pre-approve you for a home loan at any stage of the house-hunting process, enabling you to have better success when you’re shopping for your new home!
Don’t go into debt to furnish your home. Kids don’t care if you spent $20 or $500 on that end table when they are coloring on it.
Make as low of an offer as you can stomach. You can never negotiate downward.
Buy less house than you can afford. You won’t miss the little extra square footage the first time around, but you’ll appreciate being able to save more money toward your next home.
Budget for the post-move expenses. You’ll be amazed how much can crop up that you need right after you move; having the money set aside will help you deal with the unexpected. And on the off-chance you don’t spend the money? You’ve got a good start on an emergency fund.
Put down as much as possible. Twenty percent is ideal, but the more you can afford to put down, the more you’ll save yourself in the long run.
Pay for a high-quality inspector. They will be worth the extra money in the long run for what they can save you in extra expenses.
Division 10 can get you the perfect home loan for your first home — or your third or fourth!
New Year. New Brand.
CLICK HERE TO VOTE
We appreciate the feedback and suggestions we have received from our members regarding our rebranding.
We have given much consideration to our credit union’s 67 years of rich history and the financial success and trust we have established with all the members we serve. We have extended our reach to not only the Southeast District of MODOT and Troop E of MSHP, but we are also supporting and nurturing the financial lives of the families of our core groups as well as the families of our membership.
Our reach continues to broaden because of our well-established and respected roots.
We are enthusiastic about the future of our credit union and are excited to unveil the proper name to propel us to new heights. While Division 10 Highway Employees’ Credit Union has been a well-respected name for decades, as our membership has expanded beyond the core group of MODOT and MSHP, confusion has been abundant.
Our name implies membership is limited or regulated to Division 10 or Highway Employees. District 10 no longer exists. It’s now called the Southeast District. We are destined for a name which will not only pay respect to our roots – but also be welcoming and inviting to expand our reach to the families.
The top two choices for our new name are as follows. Please click here to vote for your preferred name by 1/17/2020.
Highway Crossroads Credit Union
Bootheel Highway Credit Union
Thank you for sharing your feedback!
Mark Your Calendars
Our office will be closed:
Wednesday, January 1
New Year’s Day
Monday, January 20
Martin Luther King Jr. Day
Wednesday, February 12 Lincoln’s Birthday
Monday, February 17 Washington’s Birthday
337 N. Main
Sikeston, MO 63801
from 7:30 am-3:30 pm
Phone: (573) 472-5373
Fax: (573) 472-5374
ROUTING #: 281582693
Lost debit card?
Call (573) 472-5373