Monday, 16 January 2017 16:11

Making Resolutions That You Can Commit To!

You know that it’s January when ... you drive around the gym parking lot for 10 minutes without finding a parking space!! That happened to me last week. Finally, I stopped, waited for someone to come out of the gym, and I followed her to her car so that I could get a parking spot. My friend and I call this the January Gym Crowd. After January, the crowd usually shrinks. The gym was so packed one night that I couldn’t even park in the parking lot!

Ever since that night, I’ve been thinking about the resolutions we make. The resolutions that don’t last are the ones that I'm not really resolved to do. The resolutions that stick are the ones that help me to become something, rather than to do something. When I resolve to change who I am in order to become healthier, it doesn’t matter if I miss a workout or overeat one day. My commitment helps me to try again the next day. I have written many blog posts about how to do something related to finance. I am not talking about how to make or do anything today. This is all about how to become financially fit by committing to financial fitness.

Find Your Commitment

I struggle with consistency. A friend told me that there are different seasons of our lives. She helped me realize that I can’t be consistent in everything all the time. When it comes to finances, we don’t always have the same level of consistency, but we can be consistent in our commitment to our financial health. Our effort doesn’t always have to be equal. There are seasons when we spend more time on our than other seasons. That is okay.

My commitment to personal finances has developed over time and with different experiences: my dad’s death, my friends retiring early, and experiencing unemployment. No one can give this commitment to you, you have to find the reason for your commitment. I’m committed to financial fitness because I want to have financial freedom. If my commitment isn’t strong enough, I won’t stick with it.

Stick With Your Commitment

Once you’ve make a commitment to financial fitness, you can expect it to be tested. My commitment is often tested. Here are a few suggestions that help to stay committed.

Don’t Compare

It takes a lot of inner strength in order to avoid comparison. Last October, I realized that comparing was a weakness of mine, and since then I have been practicing eliminating comparisons in my life. The effects of comparison are really damaging. Either I feel better than or worse than someone else. I don’t like that feeling. Plus, comparison can kill commitment if I let it. Comparison is a bad habit that is tough to break. Here are a few exercises I’m doing to help break the comparison.

Evaluate What I Think And Say

Yesterday I told my friend that we aren’t able to meet our retirement goals, but we’re doing more than others so if we are not okay financially in retirement, no one else will be okay. I thought about the comparison I made and realized I was trying to justify not reaching our goals. I thought about how I can change what I said next time.

Practice Gratitude

I’ve been journaling and call it my journal “JOYrnal.” I try to live with childlike joy. On Friday night, I bought pizza for my kids. My son’s eyes lit up and he screamed, “We’re having pizza!” It amazed me how much joy he found in a $5 pizza. To help me remember to journal, I write before I eat dinner. I learned that from a musician, Lindsey Stirling. In an interview, she said that she never forgets to eat so she ties important things that she wants to do with eating. I never forget to eat so that has helped me!

Encourage Others, Including Yourself!

The past few months I have exercised with an awesome friend. She is always encouraging me to be my best. I hadn’t lifted weights for a long time, and I started out with small amounts. She told me “Good job!" when I completed a set. She strives to be her best and doesn’t compare or compete against me. My husband also does this. He encourages me. One day after taking a cycling class, Ty asked how it went. I told him that it was rough and I didn’t do very good. He said, “You made it there. That’s good!" Last week, it was a struggle for me to get out of bed and get to the pool. After I swam, I encouraged myself.

Even though my husband and I are not maxing out our retirement plans, we are contributing! We are teaching our kids to save and invest! I encouraged myself to keep investing. We are meeting with an investment adviser this week. That is good!

Forgive Yourself

I make mistakes all the time, in every area of my life. Forgiving myself allows me to stick with the commitment. This weekend I watched a talk by J.K. Rowling, who is super successful writer, and she talked about how she had failed in so many ways that it helped her to focus on the one area she had left. Her talk actually inspired me to fail! She said that a benefit of failure is that it allows you the chance to rebuild and commit.

Focus

Focusing on one goal helps me stick to my commitment to be financially fit. Looking back, in 2010, I was trying to do everything financially. Each time that I would hear a new suggestion, I would add it to my list. I was saving for retirement and paying down our mortgage. I was also saving for my kids marriage, mission service, and college as soon as they were born. I actually TOOK my newborn and my young kids to the credit union to set up an account for the baby. This is really comical to me now. I LOL at myself!

I had to learn an important lesson about focusing. By trying to do everything financially, I didn’t see progress. I only saved a few hundred dollars towards college. I ended up having to use the kids marriage funds for something else. So, I stopped doing everything, and in 2010, I focused on saving an emergency fund. It took two years to build it. Then, I focused on increasing our retirement. By focusing on one financial goal, it has allowed me to relax and experience grace with my finances. I don’t feel bad that I’m not saving for my kid’s marriages. In a few years, that will be my focus. Right now I just want them to stay little!

Committing to financial fitness is so important. It will help you avoid comparisons and distractions. It may be the most important resolution you make!!

The New Year is a great time of renewal. That makes it a good time to make bold, decisive changes in your life. Leave behind the baggage that was 2016 and start fresh with a blank slate in 2017. If you’re looking for some resolutions to improve your personal finances, we’re pleased to offer seven ways to make 2017 the year of the dollar!

Track your spending

If you’re looking to take your first steps toward financial literacy, figuring out where your money goes should be at the top of your list. If you don’t know where your money goes, it’s going to be tough to follow through with any other money plans. You may have a general sense of how much you spend, but after a month where you’ve recorded every dollar, you’ll have a much better picture. Using Peaks Money Manager™ can automate the process. You might even find that keeping track of what you do with your money encourages you to spend a little more judiciously.

Make a budget

About 70% of Americans live financially spontaneous lives. They don’t make a plan for spending or saving. When asked why they chose not to do so, the most common response was that the family spent all the money anyway. This is a circular problem. If you don’t have a budget that includes setting aside money for long-term expenses and savings, you’ll end up spending all your money on unplanned things and events. The best way to stop the cycle is to sit down and make a budget that modifies your spending to be more in line with your priorities.

Get out of debt

Easier said than done, right? However, there’s no bigger stumbling block to financial security and wealth building than debt. It’s hard to save for long-term goals when so much of your monthly income gets eaten up by interest and fees. There are a variety of methods you can use to help accelerate your payoffs. For instance, you can add an extra $50 or $100 to your credit card payments. Or, you can focus all your payment resources on the highest interest debt until it’s paid off and then move it all to the next highest for snowballing your way to freedom from debt.

Start an emergency fund

The best way to avoid going into debt is to have some money on hand to handle the occasional, yet inevitable, emergency. Most Americans, though, can’t come up with $500 in such instances. Set a specific goal, like adding $10 per month to a savings account. At the end of the year, you’ll have more than $100 available in case something goes wrong.

Start a retirement account

You can’t save for what you don’t think about. When retirement is years or decades away, it’s difficult to incorporate thinking about it into your daily routine. If you have a retirement account open, you’ll get monthly statements, which serve as reminders. The challenge, though, is taking that first step. Don’t let perfect be the enemy of good. While there are important differences between Roth and Traditional IRA accounts, either one is better than no retirement savings at all. If your job offers a 401(k) matching program, sign up to get at least the full matching funds amount – it’s free money. Do a little bit of research, then open the account that seems like the best idea.

Automate your savings

Saving money takes willpower. Because it’s hard to practice self-denial on a constant basis, that extra $5 you’ve earmarked for savings can very easily turn into a mid-morning coffee. Fighting that impulse is a constant struggle. That’s why it’s easiest to avoid the decision altogether. Change your direct deposit to put some of your paycheck directly into a savings account, where you won’t even think of spending it impulsively.

Get educated

Knowledge is power, and that’s especially true in the world of personal finance. What you know about your money goes a long way toward determining how much of it you get to keep. There’s a lot to learn, but you’ve got a wealth of information at your fingertips. Resolve to read one personal finance article a week. Not only will this give you good ideas for improving your personal financial situation; you’ll also spend more time thinking about your money. That’ll lead to positive results down the line!

Happy New Year from all of us at Wasatch Peaks Credit Union. We hope you have a safe, happy and prosperous 2017!

What resolutions are you making this year? Will 2017 be the year you join a book club, quit smoking or spend more time with your family? Let us know in the comments!

SOURCES:
https://wallethub.com/blog/financial-new-years-resolutions/9202/
http://www.reviewjournal.com/business/money/13-financial-new-years-resolutions-you-should-make
http://www.practicalmoneyskills.com/personalfinance/savingspending/budgeting/newYearsRes.php
http://www.theblaze.com/stories/2013/07/16/so-what-percentage-of-americans-actually-keep-a-budget-gallup-results-may-surprise-you/

Published in Blog
Monday, 05 December 2016 16:39

Thinking about retirement at Christmastime

I am not ready for Christmas, so why am I thinking and writing about retirement? Our parents are both retired, and it came fast. I remember when my parents were my age. Even though it’s Christmastime, I’ve been thinking about retirement.

Over the years, I’ve tried every retirement calculator tool available. I’ve estimated my family’s expenses. We have met with financial planners. I have concluded that there are a lot of unknown factors about retirement and have accepted this.

When is retirement?

According to the Social Security website, currently full retirement age is 67, which is close to the age of our parents. I’m fascinated with young retirees I’ve heard about. Retirement doesn’t have to mean “age 67.” I understand it to mean the time when we are not actively earning money and living off passive or saved income. This could be any age.

What kinds of income will you have?

My husband plans to work as long as he physically can. He loves to work so he will probably work during retirement, but it will be a different kind of work. He worked construction for his first job, which was very physical. His current production job requires physical labor, but not at much as construction required. I assume that he will do less physical labor but still work as much as he does now.

During retirement, some passive income will come from investments that you made earlier. So, we need to decide what type of investments we will make.

What kinds of expenses will you have? The best way I know to estimate retirement expenses and income is to look at those who are retired. My parents and inlaws have these expenses:

  • Travel
  • Transportation
  • Housing
  • Insurance
  • Utilities
  • Medical expenses
  • Donations
  • Gifts
  • Food
  • Hobbies

I realized that our parent's expenses are pretty similar to ours but the amounts are different. These amounts can range from a little to a lot, which is why it’s important to think about your personal plans.

Wasatch Peaks Retirement Calculator

This Wasatch Peaks Retirement Calculator was a great tool to use after I figured out what I think our expenses will be. The calculator said our investments need to be $300,000 to $400,000. This number depends on interest rates. Also, I didn’t calculate in social security benefits. So, it might not be an accurate number, but that is ok. Just figuring an estimate helps our family prioritize saving now. We are relatively young and there are a lot of urgent expenses we have in raising our family like clothes, braces, and Christmas to name a few. Retirement savings can easily be put on the back burner, which I have done plenty of times. Knowing this number helps me prioritize saving now in order to build to the necessary nest egg we need for the time when we don’t actively work and earn money.

A financial planner once told me that planning for retirement at my age will open up options. I want you to have a lot of options in retirement. Please join me in spending a few minutes planning for retirement.

Wednesday, 19 October 2016 18:07

Year-End Retirement Savings Strategies

Whether your retirement unfolds as a beautiful dream or a scary nightmare depends largely on the financial decisions you make today. But if retirement planning is brand-new to you, you're not alone. The average working household has very little cash saved for retirement and about 45% of working-age households have no retirement savings at all, according to the National Institute on Retirement Security. However, you still have time this year to start building a retirement fund and gain a tax advantage in the process.

Calculate your target

How much will you actually need for retirement? Chances are, quite a lot. Retirement may last anywhere from 15 to 20 years or more, and you'll need somewhere between 70% and 90% of your pre-retirement income annually to live comfortably.

Don't count on Social Security to cover this; many people experience some shortfall. To determine yours, contact the Social Security Administration online or call 1-800-772-1213 for a benefit estimate. Factor in retirement accounts you already have, as well as how expenses might change after retirement. To close your gap, you'll need to save $15 to $20 for each annual shortfall dollar. So an annual shortfall of $25,000 means you'll need to save between $375,000 and $500,000 before retirement.

Tax-advantaged retirement strategies

There are various types of savings plans that let you save on your taxes while you get ready for retirement.

IRAs: Individual retirement accounts come in many forms, including CDs and mutual funds. In any case, two basic structures apply:

  • Traditional IRAs: Contributions aren't taxable until you withdraw funds during retirement, which can dramatically reduce what you owe the IRS this year. By the time you withdraw cash, you'll likely be in a lower tax bracket.
  • Roth IRAs: If you won't owe much to Uncle Sam this year, consider a Roth IRA. The money invested remains taxable as income this year, but then grows tax-free.

Both IRA types have a basic contribution limit of $5,500 annually (with the exception of qualified reservist repayments and rollover contributions). If you're 50 or older, however, you're allowed to make additional catch-up contributions of $1,000 each year.

401(k) plans: These employer-managed plans often match employee contributions up to a set limit, which translates to free retirement money for you. Unless your plan is specifically a Roth 401(k), your contributions are deducted from your federal income, resulting in a nice immediate tax break. Like traditional IRAs, when you make retirement withdrawals, the money is taxed as income. When planning your retirement savings, make sure to take full advantage of any employer 401(k) match that's available before putting money into other types of plans.

Health savings accounts: HSAs don't generally come to mind during retirement planning, which is a shame because if you're enrolled in a high-deductible health insurance plan, they can provide a tax break today and help to make retirement more comfortable down the road. Payroll deductions for HSAs are pretax, and individual contributions are tax-deductible, up to the annual limits of $3,350 for individuals and $6,750 for families. Then, to sweeten the deal, any interest earned on these accounts is tax-free, and you can make tax-free withdrawals anytime for qualified medical expenses.

If you're wondering what this all has to do with retirement, there's no limit on carry-overs or when you have to withdraw funds. This means you can invest annually in an HSA, receive a tax break right away, and reserve the funds to use tax-free for medical expenses during retirement.

Once you've reached the contribution limits for tax-advantaged retirement investment options, you can explore alternative retirement savings options, including money market accounts, CDs and cash-value life insurance, to make sure your shortfall is covered. With the right planning and discipline on your part, you can achieve your best possible tax outcome this year while ensuring a comfortable tomorrow.

© Copyright 2016 NerdWallet, Inc. All Rights Reserved.

Published in Blog
Monday, 19 September 2016 20:36

Biking the Bear

My husband and I have a goal to “Bike the Bear” at the end of each summer. This route is a 52 mile bike ride around Bear Lake. This is our 4th year riding it, but we hadn’t trained. By the end of July, I started thinking that we were not going to be able to do it. It seemed to bit too late in the season to start training. However, we figured that it wouldn’t hurt to train for it. We started by using the schedule that Ty used in Boy Scouts when they earned their cycling merit badge that requires a 50 mile bike ride. The first ride was 5 miles, and we felt sore. We worked up to 14 miles, which isn’t as far as the scouts usually train.

Last Saturday, we biked the bear. The ride challenged us with hills, winds, and leg cramps. However, it was a gorgeous fall day with breathtaking views of the lake and the mountains. When we returned, my son said, “Mom, you biked 50 miles!” I told him that we actually biked 52 miles. That’s when it sunk it that we had done it! I wasn’t sure that we would.

Have you ever felt like it’s too late financially to reach your goals? Maybe you wish you had started earlier to save for retirement, to start a business, or to save for a dream trip. I have felt this way; but, we can defeat these feelings. We can change, and start to work towards our goals. Here’s a few things I learned through our experience biking the bear:

Have a goal

We had to start with a goal. Achieving goals is often a pain. I experienced a lot of pain while biking the bear. It was so important to have this goal set. If we hadn’t, we wouldn’t have tried. Achieving goals isn’t glamorous. The finish line is great, but the journey there is a tough one filled with personal sacrifice and struggles. As I pedaled, I thought about all the things I say to my kids, “This is a good hurt. It’s making you stronger, the faster you hike, the faster you’ll be done.” Now I know why they are seem annoyed when I say that. The goal kept us going. Even if we hadn’t reached the goal, having a goal was vital.

Don’t go it alone

My husband encouraged me, waited for me, and carried all of extra clothes that I had layered on so that I wouldn’t be cold. My father-in-law supported us by watching our kids. There were quite a few people riding around the lake. It was great to know that we were not alone. At one of the aid stations set up for the race, a man gave me two thumbs up. While we weren’t a part of their race, we just happened to be riding at the same time. Every time I saw someone else along the way, I felt encouraged to keep pedaling. Financially, it helps me to have a support group that is also working towards their financial goals. They encourage me to keep going.

Focus on small goals

By the time we reached our 30 mile mark, my legs were really hurting. I had taken some pain reliever at the halfway point, but it hadn’t started working. We were on the south side of the lake, which has a narrow shoulder, and the wind picked up. I had to fight off the discouraging feelings. I felt like calling for a ride. So, I made little goals. The first one that I made was to ride to a barn up ahead. Before long, I realized that we had passed it, and I moved to the next landmark. I kept finding landmarks and riding to that spot until I had pushed through that discouraging section.

Recognize progress along the way

When I felt discouraged, I didn’t let myself think about having 20 more miles to go. That was too overwhelming. I picked an object that I could see, and I went that far and then picked another landmark to make small progress. By the time we reached mile 40, the pain reliever was working, and we took one more break before the home stretch. What if we hadn’t accomplished our goal? Was the training a waste? No. It was time spent making memories. The exercise helped us become stronger. The training also humbled us to realize that we needed to eat better and exercise more. We all are making progress along the way to our goals. We have big financial goals that take decades to accomplish. The other day, I looked at the progress we have made in the past decade. That encourages me not to quit.

Believe that you can accomplish your goal. Sometimes I don’t want to try because I feel that I can’t do it. On my ride, I listened to the Stephen Covey’s audio tape 7 Habits of Highly Effective People. He taught that we are not our feelings: we don’t have to let them be in charge. We don’t have to be defined by what we feel. This has become a very powerful concept to me. Financially, we also need to believe that we will be able to achieve our goals.

Have you ever felt like it’s too late to do something? I often have feelings of being too late. Recently, I heard someone mention about their life being over because they are in their 30s. I’m sure they were teasing, but that was a depressing thought to me. I still have a lot of life to live—even though I’m in my 30’s. Do you ever feel like it’s too late in your financial season to try? Please share your financial goals. Wasatch Peaks Credit Union is cheering you on as you work towards financial goals!

Tuesday, 19 April 2016 18:03

Your Financial Report Card

My kids just received their report cards and at their school, they get a number rating for each subject they are learning. I was a good student. When I was In junior high I became friends with a group of kids who liked to get good grades, and they gave me good peer pressure to do well. I focused a lot on getting good grades. In Utah State University, I took an investing class taught by Professor Jean Lown. She said, “If you get an A in my class, but you don’t do what I’ve taught you, then you’ve failed.” I’ve never forgotten that, and it helps me evaluate if I am doing what I know.

Today I’ve got a short quiz for you. This test is about your financial actions not your knowledge.

1. Do you have a will & estate plan?

  1. Yes, I reviewed it in the last year and made needed changes.

  2. Yes, but I haven’t looked at it in the last decade.

  3. I have a handwritten will I wrote last time I went on a trip out of the country.

  4. No. I don’t have an estate plan.

Estate Planning Resources

2.  Do you have life insurance equal to at least 10x your annual income?

  1. Yes, and I’ve reviewed it in the last year to make sure that it the right policy for me.

  2. Yes, but I haven’t reviewed it in the last decade.

  3. Yes, I have whatever my company offered me.

  4. No, I don’t have any life insurance.

Insurance Resources

3.  Have you checked your credit report for accuracy?

  1. Yes, I’ve reviewed it in the last year to make sure that it is accurate.

  2. Yes, the last time I borrowed money I checked my score but didn’t review the report.

  3. No, I’ve never checked my credit report.

  4. What is a credit score?

Credit Report Resources

4.  Are you working toward retirement goals?

  1. Yes, I’m saving 10-20% of my income for retirement.

  2. Yes, I save 3% of my income.

  3. No, I don’t save anything towards my retirement goals.

  4. No, I don’t have retirement goals.  I’m not ever going to retire.

Calculator Resources

5.  Do you track your spending and plan where it will go every time you are paid?

  1. Yes, I budget on a monthly basis and track my spending to follow that plan.

  2. Yes I have a budget, but I don’t look at it during the month.

  3. No, I just look at my bank balance and if there is money I spend it.

  4. No, I just buy whatever I need.

Resources for Managing Your Money

Are you getting As, Bs, or Cs?  This simple quiz can help you to evaluate if you are using your financial knowledge. There are a lot of things that we learn in school just so we can pass the test, and then we forget it. Finances should not be one of those things.

Yesterday I saw my friends who have been snowbirding in warm places for the winter and are back to visit. Last year they were able to retire from their full-time employment. They are examples to me of living financial principles over long periods of time. They had plans and goals, then they worked, saved, invested, and now they are free to work when they want to work and free to spend their time enjoying each other and enjoying traveling. Their friendship has encouraged me and helped motivate and mentor us.   

Tuesday, 12 April 2016 21:04

Practicing Financial Skills

Financial fitness skills are simple to understand–Save, Share & Spend. The hard part is disciplining ourselves to do it. We met with our financial adviser last week to contribute money to our retirement accounts. She said, “Not a lot of people have the discipline to contribute to retirement like you are doing.” I told her how hard it was to reach our retirement goal last year.  

When others achieve goals, it inspires me, but behind every accomplished goal is a lot of hard work and sacrifice. I worked on my son’s 6th Birthday. He had a great birthday with grandma, but it was a big sacrifice for me to miss it.  

I really wanted to use the money we saved for retirement to buy a nice car. We planned on buying a car earlier this year but haven’t found one in our price range, and we could have bought a nicer one with our retirement money. That is another sacrifice we have made so that we can have more options later in life.

We took all of our kids in with us to make our investment contribution. We explained what we are doing. We talked about how grandpa and grandma don’t work to earn money anymore, and we asked them how they pay for expenses. My 10 year-old answered, “They saved.”  I reminded them that this is why I worked this tax season. Our adviser told our kids that their parents were smart with money and encouraged them to follow.  

Last year we set a realistic goal for contributing to our retirement by the end of December. It would still require discipline and sacrifice, and we were on track to reach it until Ty was let go from his employment in June. On his new income, that goal seemed impossible.

What do you do when huge obstacles prevent you from reaching your goal? Do you abandon the goal? Do you change it? Do you fight through and overcome the obstacles? These are personal, and tough questions, which we had to answer. We decided not to abandon our goal, but we did extend the deadline from December 31 to April 15. After the financial appointment, we celebrated my son's birthday and our goal with dinner and time at the bounce house.

Financial literacy is similar to learning to play an instrument or play a sport. My kids' piano teacher recommended I come to the lessons for the first couple of years so I can help them practice at home. Practicing is the key to learning. My kids have weekly lessons where they report how much they practiced. This accountability helps motivate them and weekly lessons also help them get feedback. Their teacher tells them if they are playing a wrong note and demonstrates how to play the piece correctly.  

The best teachers are also students. My piano teacher was an amazing pianist, but she was also humble enough to know that she could still learn and still improve, so she took lessons and practiced for her piano teachers. She often felt frustrated with my sister and I because we didn’t practice enough. Now, I understand her frustration and I regret not practicing more.  

This blog is here to help us be disciplined, practice financial skills, and have accountability. We also will celebrate our successes!!!

Tuesday, 03 November 2015 19:05

Introducing James Aoki, Financial Advisor

Hello, my name is James Aoki and I am the Financial Advisor/Planner with Wasatch Peaks Financial Services. I am happy and proud to be associated with such a great credit union and a wonderful group of members.

My practice has evolved over the past seventeen years from trading stocks and bonds to creating diverse portfolios during the turbulent times following the aftermath of 9-11 and the great financial crisis of 2008. My experience has made me a great listener and has prepared me for the varied financial planning needs of members.

No matter your age or stage in life, I can help you. I have the experience to help you successfully prepare for retirement and I will carefully guide you through the investment process. I often tell my clients, “I want to help you achieve what you want to achieve while helping you avoid what you need to avoid.”

Call me today at 801.627.8723 to set up a no-cost consultation. I look forward to helping you create a strong financial plan.

Published in Blog
Monday, 02 March 2015 20:46

Three to Retire from Wasatch Peaks

Ask any Wasatch Peaks employee how they feel about Wasatch Peaks and they'll tell you the same thing, every time: We're a family. A group of lucky people that work for a company that has its member's best interests at heart and its employee's success in mind. It's a pleasure to serve our members and we've been blessed with great co-workers to carry out our member service mission. Three of those talented people, whom we have been blessed to work with, retired last week. When they were asked what they have loved the most about their jobs, respectively, they all said the same thing–they always felt like they were part of a family.

We are happy to see them begin a new chapter in their lives, and at the same time, sad to see them go. The good news is, they're members too, so we'll see them when they stop into our branches for a visit. Lets take a few minutes to appreciate three women who made a big difference in our corporate culture, and most of all, to our members. Wasatch Peaks expresses our very best wishes to these exceptional employees in their retirement.

Barb1Barbara Holt - 29 Years of Service
Branch Manager, 10th Street Branch

Barbara started her career with Wasatch Peaks as a Teller at the McKay-Dee Credit Union in Fall of 1986. In more recent years, she has been the Branch Manager of the West Roy and Ogden 10th Street Branches. She said she has loved serving our members and has enjoyed the camaraderie she has shared with them. She has expertly taken care of members and employees with the characteristic great sense of humor and professionalism that have made her so successful. Her career advice to you? Be respectful. "I think to get respect, you have to be respectful." She adds that being pro-active in all that you do is also important. "Do whatever you can, whenever you can." A mother of four and grandmother of eight, her retirement plans include spending time with her family, enjoying life, and volunteering at her granddaughter's school.



JoleneJolene Rogers - 24 Years of Service
Teller, Roy Branch

Jolene started as an On-call Teller in 1991 with Weber Credit Union. She enjoyed it so much she eventually went full-time and became a Lead Teller. She has enjoyed the close-knit work environment of the credit union and the outstanding members she has served. Jolene's attitude of determined member focus is contagious and she advises, "Leave your problems at the door. Focus on your work, and stick to it." She says in life you must, "Enjoy what you're doing and prepare for retirement, because time goes by fast!" Jolene's retirement plans include spending time with her husband and family and just having fun.

 



Marianne

Marianne Dowden - 23 Years of Service
MSR, Roy Branch

Starting with McKay-Dee Credit Union in 1973, Marianne worked as a teller, loan officer, and manager. In 1976 she went to work for Weber Credit Union as a teller until 1981, when she decided to take some time off to care for her young family. During that time, she was asked to stay involved as a representative of the Weber Credit Committee, which she did for two years. In 1997, when her children were older, she decided to come back part-time to Weber Credit Union. Not long after, she went full-time, becoming a Lead Teller and eventually a Member Service Representative (MSR). She said, "I have loved working with our members and I loved being a Lead Teller. I love numbers and math, so I got a lot of satisfaction from balancing the vault and staying organized." Marianne is excited to spend some time golfing and she can't wait to spend more time with her family. When asked for career advice, she said, "Treat people the way you want to be treated. Hang in there and stay positive." 

Barb, Jo and Marianne, you mean a lot to every one of us. You’re an inspiration and we’ll miss working with you. On behalf of the members and co-workers you’ve turned into friends over the past 25+ years: We wish you the best and want you to know you’ll always be a part of the Wasatch Peaks Family.

Have a wonderful retirement and be sure to enjoy every minute! 

 

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Andrea Christensen

Wasatch Peaks Credit Union is pleased to introduce you to Andrea Christensen, our Financial Advisor.

  • Do you have questions about CDs and Money Market accounts?
  • Would you like to earn better returns through better options?
  • Do you want to know how you can maximize the funds you have accumulated?
  • If you're just starting your investment portfolio, do you need guidance from an expert?
  • Are you sure your current investments are right for you?

If you relate to any of these, it's in your best interest (pun intended!) to know what your options are. Andrea has expertise in tax consultation, wealth management planning, and retirement. She was valedictorian of her high school graduating class and graduated summa cum laude from the University of Utah with a degree in Economics.

Your financial peace of mind is her top priority. She can guide you through important financial planning opportunities and she will present un-biased, age-specific options that will help you be a financial success.

Her message to you is, "Today is the day. It's never too early or too late to start."

Call Andrea Christensen today at 801.627.8732 for a complementary, no obligation consultation!

 

 

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