neteffect · 06/09/2019 · home you’ve been wanting!! rates have dropped! it may be time to...

NetEffect Serving the Financial Needs of the Healthcare

Community Throughout the Mid-South

Main Office:

1591 Chickering Ln.

Cordova, TN 38016

Fax: (901) 226-1122

Walnut Grove Branch:

6029 Walnut Grove

Suite 103

Memphis, TN 38120

Fax: (901) 762-0001

Southaven Branch:

84 Airways Place

Southaven, MS 38671

Fax: 662-349-9820

Park Ave. Branch:

6005 Park Ave.

Suite 104

Memphis, TN 38119

Fax: (901) 432-4742 M,T,Th,F 8:00 a.m. - 12:00 p.m.

Phone for ALL locations:

(901) 226-1111 or

(800) 747-2148

HOURS:

M,T,Thu 7:30 a.m. - 4:00 p.m.

Wed 10:00 a.m. - 4:00 p.m.

Friday 7:30 a.m. - 4:30 p.m.

All branches closed from 1:00-2:00 for lunch (except Cordova)

www.healthnetfcu.org

Board of Directors

Charles Emerick

Chairman

Georgia Oliver

Vice-Chairman

Margaret Hughlett Williams

Treasurer

Barbara Gingras

Secretary

Paul Trower

Supervisory Committee Liaison

3rd Quarter / 2019

INSIDE Back 2 School

Giveaway Healthy Rewards

You could win up

to $1,000!

We are proud to announce that our Walnut Grove

location is now easier to access!

We have relocated to the first floor of

6029 Walnut Grove, Suite 103.

We are pleased with the new location and hope you are

too! We are also excited about the future prospects of

being of service to additional Baptist employees.

GRAND REOPENING

date is still TBD as we finish up some final details.

An announcement will go out with the date and time

as soon as it is available. Light refreshments will be

served as well as chances to win a variety of

door prizes!


3rd Quarter / 2019 NetEffect

You could be one of 4 lucky winners of

¹ No purchase necessary to win. Entries accepted through Friday, August 30th. Winners will be

announced Friday, September 6, 2019. Account must be in good standing at time of drawing to be

eligible to win. Members may also enter the drawing by writing “Back to School Giveaway” along with

their name, address, phone number and the HealthNet location you most often visit on a 3 x 5” card and

mailing to: HealthNet Federal Credit Union, ATTN: Marketing Department, 1591 Chickering Lane,

Cordova, TN 38016. HealthNet employees or family members of employees are not eligible to win.


NetEffect 3rd Quarter / 2019

Heading Back to School Without Breaking the Bank

Did you just say “back to school” and it’s still the middle of summer? While it’s hard to utter those words, early planning leads to smart school shopping later.

Between grade school, high school, college, and all the teachers, millions of people will be searching for those back-to-school supplies sooner than you think.

To avoid the poor-quality, high-priced items, here are a few tips to make sure you get the right supplies without breaking your budget.

• Make a list. Before you even think about going to the store (or online), make a list. Know exactly what you need before you go shopping. Write it down. Put into catego-ries such as Paper, Writing, Electronics, Folders/Binders/Organization, etc.

• Check your old supplies. We tend to overbuy each year, so take inventory of what you already have.

• Don’t focus on the style. You don’t have to have matching prints on all your supplies. Just because there is a new iPhone case that matches a new iPad case that matches your bedspread… you don’t have to upgrade to have it all. Think function, not style.

• Start early. By planning what you need (remember that list you made?) you space out your purchases. This helps if you’re on a tight budget. By just purchasing a few items at a time, your wallet won’t feel as empty all at once.

• Go for the quality when shopping electronics. When it comes time to do that really extensive research paper, you’re going to wish you had a quality laptop/printer to get the job done. When searching for quality items, remember to do your research. Make sure that it has what you need. Quality doesn’t always mean the most expensive, just make sure the specs will meet your needs.

• Buy used. When it comes to textbooks, used is definitely the most economical. Check for used (but good condition) reading materials online or at your local bookstore. Not only will it save on the cost, many times, they come with good notes that other stu-dents have taken.

Back to school may be the last thing you want to think about during the middle of sum-

mer, but planning ahead and knowing what you already have will save you money. If you

don’t have the budget available, look into a personal loan. This will provide funds to

make the purchases you need and be able to pay it back over time. ■



Credit Union’s continued support efforts to

Baptist Hospitals with rocking chairs

NEA Baptist Jonesboro Baptist Memorial Crittenden

HealthNet Federal Credit Union presented rocking chairs to NEA Baptist Jonesboro on April 25, 2019 and

Baptist Memorial Crittenden on June 7, 2019.

HealthNet Federal Credit Union supports Baptist employees as part of their working tradition. “Credit Unions

were built with the philosophy of ‘people helping people,’ and this is a great way to give back to our commu-

nities,” said Elizabeth Sharpe, president and CEO for HealthNet.

NEA Baptist Jonesboro: Pictured from L to R (back row): Talisha Strickland RN, Kate Reid, Patricia Tanner RN, Ashley Williams RN, Barbra Jones RN

L to R (front row): Dr. Michael Ketcham, Melissa Wallace, Marissa Brown, Leah West, Dr. Kristin Owens, Ty Jones

Baptist Memorial Crittenden:

Pictured is Brian Welton, CEO and Stacie Schroeppel, HR Director

For information about the credit union, please call 901-226-1111 or visit www.healthnetfcu.org. ■



Download the app today!

Healthy Rewards is here! Earn points every time you use your debit card, plus earn bonus

points with loans, eStatements, bill-pay, and more! Choose rewards from travel, to gift cards,

and even charitable giving—including Baptist Foundation.

In order to enroll in Healthy Rewards, you will need to have a checking account with a debit

card, but don’t worry—it’s free! Members that currently have a checking account and debit

card, go online and enroll. No checking account? Upgrade today! Add a checking account

and debit card by completing the attached forms and fax a copy, along with your current

driver’s license to 901-226-1122.

If you have any questions or would like to know more about our Healthy Rewards program,

please contact a Member Services Representative by calling 901-226-1111 or check out our

website at www.healthnetfcu.org. ■



Finance your next

Auto or Recreational

Vehicle Loan with

HealthNet Federal

Credit Union

When you finance an Auto or Recreational Vehicle

Loan with HealthNet between July 1, 2019 and

December 31, 2019 you will automatically be

entered to win an interest rebate for the interest

paid in 2019 up to $1,000¹!

APPLY TODAY!

¹ All loans subject to credit approval. Some restrictions may apply. Auto or Recreational Vehicle loan must be at least $10,000

to qualify for entry. Winner will be announced at the 2020 Annual Meeting. No limit to the number of entries, each

qualifying loan will count as one entry. Only one winner will be selected. Rebate will be credited to the winner’s S1 within 30

days of announcement. Membership must be in good standing with no delinquencies at time of drawing. HealthNet

employees or family members do not qualify for promotion.



Tips to Reduce Debt Whether you are currently debt free (WAY

TO GO!) or if you’re working towards that

goal, here are a few tips that can help you

remain debt free or reduce debt.

Be ready for the unexpected. A car wreck

could happen in an instant and then you’d

be responsible for car repairs and possible

medical bills. If you’re not prepared with

an emergency fund, you could end up in a

tight spot. Make sure you start saving a

little bit each month, so when those unex-

pected bills happen, you’ll be prepared.

Stick to your lists. Always make a list be-

fore you go shopping. Only buy what you

intended to. With online ordering with

pick-up or home delivery—the few extra

dollars you spend on that service could

save you more than what you might have

spent on the unintended purchases that

happen when you walk through the store.

Take a good look at your current contracts

and subscriptions. Are you paying for a

gym membership, streaming service, ca-

ble, apps or games, etc. that you are just

not using? Decide if you’re really getting

any value from the service or subscription.

If you think, “but I might use it one day…”

then it’s probably time to let that one go.

When “one day” comes, you can subscribe

again. Until then, stop giving them your

money. ■

2019 3rd Quarter Holidays

Thursday, July 4, 2019 - Independence Day

Monday, September 2, 2019 - Labor Day

For access to your account, please use Home Branch,

Mobile Banking or your local CO-OP ATM.

Update Your Personal Information

To ensure that we have your current infor-mation on file, please take a moment to com-

plete a Change Card and fax to: Member Services, 901-226-1122.

RATES Loan Rates

Description APR

New Vehicle 2.99-18.00%

Used Vehicle 2.99-18.00%

Share Secure Pledged Rate + 3.50%

Personal 9.75-17.99%

Recreational Vehicle 5.99-14.99%

*Rates shown are current as of the date of

publication, partial and subject to change without

notice.

APR = Annual Percentage Rate

For current rate information, please contact our office or visit our website.



Now is the time to

purchase that dream

home you’ve been wanting!!

Rates have dropped!

It may be time to consider

refinancing!

Contact our mortgage partner,

Mano Boyadjian, who has lived in the

Memphis area for years and will pro-

vide you with first rate service.

Mastercard Credit Cards

Anticipated release date:

August 2019

Connected to your

Healthy Rewards account so you

can earn even more, faster!

Important Notice

This is a reminder to all members with

Mortgages or Secured Loans: Please

be sure to maintain adequate insur-

ance coverage with HealthNet FCU as

loss payee. Please contact us with any

questions. ■



Thoughts to Consider When Buying a Car

Whether you are considering a new vehicle or a “new to you” vehicle, here are some things to keep in mind.

• Need vs. Want. What is the primary reason you’re looking for this vehicle? Do you have a long commute and

need something that gets better gas mileage? Are you looking for a new toy to take on weekend trips? Have

you had a life change and need to go from the small sports car and upgrade to a family size car or SUV? Are

you now an empty nester and ready to trade the SUV for the small sports car? Maybe you need to upgrade

so that you have the latest technology with Bluetooth and heated seats? Whatever your reason for a new

vehicle, take some time to really think about what you need and weigh your options before getting too excit-

ed about which car looks like the next big thing.

• Monthly payments vs. Total price. Take a close look at your budget. Consider what is more important to

you… the price per month or the overall price of the car. Take time to factor in what a new vehicle will do to

the cost of your insurance. Ask your agent for a couple of quotes for different vehicles. Think about gas mile-

age and if the newer vehicle will save you money each trip to the pump or make a bigger dent in your wallet.

Oil changes, tires, preventative maintenance are important things to consider as well. Make a list of the

different increases and decreases based on the vehicles you are considering to get an idea if this new vehicle

will really fit into your budget.

• Know the car before you buy. Do your research. Check reviews and see what others are saying about it. Did

they just purchase and still have that “new car glow” or have they had it for a while and still love it? TEST

DRIVE, TEST DRIVE, TEST DRIVE! More than just around the block… If it is something you’re really consider-

ing, ask for an overnight test drive, or even a couple of days. Get to know the car and see how it truly rides

on your typical routes.

HealthNet Federal Credit Union has several resources to help with your research. We have calculators to esti-

mate your monthly payment, online pricing and trade-in guides, and knowledgeable, friendly loan officers to

help guide you through the process. The credit union can provide pre-approval checks so that once you’re ready

to make that deal, all you have to do is sign the dotted line! Check out our website for the latest promotions,

most current rates, and to apply for financing. ■


neteffect · 06/09/2019 · home you’ve been wanting!! rates have dropped! it may be time to...

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