Hello and happy June – or as we like to say in the credit union – happy Q2.
There’s a lot going on in the financial world these days, inflation not being the least of them. While interest rates are projected to remain high initially, we will see a gradual decrease as inflation slows. I hope we will see a soft landing and low growth throughout 2023, and a pickup as we lean into 2024, which would make this a very light recession in the grand scheme of things.
Northwest stands ready and able to weather unforeseen circumstances or a challenging economy. In other words, we are prepared as a financial institution to withstand any storm, and we will always have ways to help our members through any hardships.
We are committed to serving our membership with competitive rates on loans and low fees for checking and savings accounts, and our collective dedication to expert financial management and guidance will always see us through. As members, you will see customized products and services – as well as authenticity in every transaction.
In my article, The Heart of Member Service, (page 4) I go back in time to my first job as a full-service gas station attendant, and talk about how it crystallized my vision of full-service as I moved through my career.
Check out page 6 for information about our
mortgage Platinum Pre-Approval. Qualifying borrowers can benefit from fast turn-around time, a more substantiated financing offer than a standard pre-approval, and an advantage over competing home buyers.
In other lending news, we have just launched a new point structure for our rewards credit card in which cardholders will earn 2x the points on every purchase, every day, everywhere.
Northwest Title & Escrow provides insight into selecting the ideal title company. Members are assured that all money is handled securely and all documents are recorded correctly with professional and clear communication every step of the way. (page 11).
Our Foundation helped to step up our employee paid volunteer hours and we are well on our way to meeting our goal of 6000 volunteer hours in 2023. See page 12 for the latest on the Foundation efforts to serve children and families in the communities in which we live and work.
Don’t forget to check out our social media page where you can see we remain socially active, as well as the fun and informative videos and posts of what we’re doing.
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Let’s all stay well on our financial journey.