78th Annual Meeting - Emporia State Federal Credit Union

JANUARY 2016
NEWSLETTER
Never been to an Annual Meeting?
Here is what you can expect.
Call to the
78th Annual Meeting

You can bring the whole family and
comfortably sit at a table. We’ll have snacks
and a dessert item at the table along with
pop, water and coffee.

We do take some time to review the
previous year but we also spend time
talking about the exciting year ahead.

One of the most important things you’ll do
is elect your Board of Directors. These volunteers help guide your credit union into the
future. Your vote counts. (More about the
Monday, February 15th 7:00 p.m.
(President’s Day)
ESU Memorial Union
Webb Hall
nominees on the next page)

We asked each Board nominee: “Why do you want to be on the
Board of Directors for the Emporia State Federal Credit Union?”
When the business portion of the meeting is
over, we adjourn to PLAY and WIN CASH!
This year, we will be playing BINGO!
Hope to see you all there!
Danica Case “The ultimate goal of a credit union serving its
members is a concept that I believe in strongly. The Lyon County
community needs a financial institution that looks after its
members instead of stockholders interests. I believe my background and education can be helpful in assuring that ESFCU
continues its long history of making its community a better place.”
Harvey Foyle “I firmly believe in the Rotary International
Motto - Service Above Self. I seek places to serve my community
and try to improve the well being of those around me. One way
is to serve on the ESFCU Board of Directors helping members to
be financially sound.”
Teresa Maley “I am running for the Board of
Directors of ESFCU because I love helping people. I
enjoyed the 3 years that I was on the Board in the
past. ESFCU is an amazing institution that helps so
many people in the community to attain their goals.
The staff and management of ESFCU are wonderful
to work with and I am proud to be a member and
past Board member. I am here to serve our
community. Thank you for that opportunity.”
Kim Kirk “ESFCU has been my family’s
financial mainstay throughout the
years. I feel compelled to return
service to such a fine organization and
its members.”
Ray Lauber “ESFCU has been an incredible partner to ESU, in
addition to providing exemplary service, great products and
competitive rates. It would be an honor to give back to an
organization that has given so much to the university, our
employees, and the Hornet Nation!”
Jim Markowitz “I enjoyed my time on the
Board at the Emporia Recreation Center, being
involved with the changes that we made over
the years to further the mission. I believe
serving for the Credit Union would do the
same as well, and give myself a better insight
into the challenges of a Financial Institution.“
More about your Board of Director Nominees
Danica Case has been a member of started working at Newman Regional Health.
the credit union since 2011.
She was born and grew up in
Emporia. She attended Emporia
State University receiving her BSB in
2000, summa cum laude. After graduation, she
Treasurer for the Sunflower Healthcare Financial
Danica completed her MBA at ESU in 2005. She
is currently the Controller at NRH - a position she
has held since 2005.
Management Association, a state organization
Danica has served on the board of the Flint Hills
children. She currently lived in rural Reading
Community Health Center for two terms holding
where the family raises cattle.
serving healthcare finance professionals.
Danica is married to Scott Case and has two
the office of Treasurer. She currently serves as
Harvey Foyle has been a credit
union member since 1983.
Harvey began his teaching career in
1969 in Hillsboro, Kansas. He moved
to Emporia in 1979 when he became
a social studies teacher and department chair at
Emporia High School.
He received his PhD from Kansas State University
in 1984 and began teaching at ESU in 1987.
Harvey serves on the Emporia Rotary Board and
Emporia Public Library Board. As an ordained
United Methodist clergy (retired), service is of
utmost importance to him.
Allen White fourth grade teacher. He has two
sons and four grandchildren. Douglas is an
Associate Professor of Political Science at
Wesleyan University in Middletown, Connecticut.
Kevin is the Vice President of Development and
Public Affairs at The University of Texas Health
Science Center (UTHealth) in Houston, Texas.
He is married to Joanne Foyle, a retired William
Kim Kirk is currently the Principal at He has been an educator for 39 years - 19 years
Grant Timmerman Elementary
School. He has been a credit union
member since 1977.
Kim received his BSE in Elementary
Education from ESU in 1975; his Masters in Teaching from ESU in 1980 and his MSE in
Educational Administration from ESU in 1993.
Ray Lauber joined the credit union
in 2015. He currently serves as the
Associate Director of Human Resources for Emporia State University.
Point Academy of USD 253. His wife, Jessica, is a
CPA in Emporia. Tyrel and his wife, Emily, live in
KCMO. He is a master level electrician and onsite
supervisor/designer with Heritage Industrial
Kim resides in Emporia with his wife, Jule, who is
Electric and she is an attorney. Daniel is pursuing
an officer in the Office of Student Financial Aid at
a PHD in Musical Conducting at Michigan State.
ESU. They have three grown sons out of the nest.
He has four grandchildren - Talon (7), Anna (4),
Tell is the Principal at William Allen White/Turning
Caitlin (3) and Kannen (1)
teaching 4th and 5th grade, and 20 years as a
building principal.
analyst for a middle market insurance underwriter. Ray has a Bachelor’s in Business Administration
from Friends University, and is currently pursuing
a Master’s in Industrial/Organizational Psychology
at Emporia State University.
Osage City.
to Emporia High School where she became the
Guidance Dept. Chairperson. In 2011, she
retired after 35 years in education.
the state Board of Directors of the Kansas Children’s Service League. Teresa is a 29 year cancer
survivor and works with the American Cancer
Society, helping patients and survivors.
Ray has led human resource functions
He currently is an elected school board member
within public and private sectors, as well as run
fast food restaurants and served as a loss control for USD 420, Osage City, and chair of the leadership council with Community Covenant Church in
Teresa Maley, a member since
1987, began teaching in North
Lyon County in 1975. She taught
in the Lebo school district for 15
years. After completing her Master’s Degree in Counseling at ESU, she became a
Counselor at Lebo in 1992. In 2002, she moved
She is currently the President of the Emporia
Rotary club, President of the Emporia Arts
Council and on the Board of Directors of
Newman Regional Health Foundation. She is on
overseeing all phases of major renovation
projects on campus.
member since 1983, graduated
from Emporia High School in 1976
He has served as President of the Emporia
and attended Emporia State UniBaseball Club and coached competitive youth
versity on a baseball scholarship.
and American Legion baseball. He initiated the
He began working for ESU in 1982 as a carpenter. Emporia Baseball Academy. He has served as a
Currently, he is the Facilities Senior Supervisor of member and Chairperson for 10 years for the
the Carpenter, Paint, Key and Construction Shops Emporia Recreation Center and Tournament
Director for the Sam Ellis Baseball Tournament,
Jim Markowitz, a credit union
His wife of 16 years, Denise, is an ESU alum, and
his two boys, Kevin and Ryan, are big fans of ESU
theater, music and sports. Ray plays on the
worship team at Community Covenant Church,
enjoys fishing (regardless of whether he catches
anything or not), and can often be found attending
events with his boys.
She is married to Doug Maley and has two
children, Sara Olson and Dr. Scott Maley, and
5 grandchildren.
raising scholarship money for area baseball
players to further their education.
Jim has been married for 29 years to his wife,
Sheila, the Associate Registrar at ESU. They have
two children, both graduates of ESU. Anthony is
the head baseball and assistant basketball coach
at Emporia High School and Andrea is an assistant
at Miller Eye Care in Emporia. He enjoys golf and
spending time with his family.
5 Tips for Setting
Up Your 1st
Budget
Starting to manage your own
finances can be a daunting task.
Making a budget consists of a few
common-sense steps: figuring out
your monthly income and your
monthly expenses, comparing the
two, determining your financial
goals, and finally, adjusting your
expenses to meet your goals.
Of course, it's easier said than
done. Here are some tips we hope
will make it a little easier.
will force you to move somewhere
cheaper. And although food is
necessary, you might be paying
too much for groceries. And just
because an expense is fixed
doesn't mean it's a necessity -consider your cable bill or gym
membership. But using these
categories will help you make
important choices in your budget
planning.
3: Set
Realistic
Goals
Though
you may
feel a
burst of
Figuring out your income is perselfhaps easy enough -- probably as
discipline
easy as checking your past few
while you're setting your budget,
paycheck stubs.
know that this probably won't last
You need to take the time to
long. And what's worse, it can
examine all your expenses careful- quickly become discouraging if
ly. The best way to do this is by
you find that you're not quite
using bank statements as well as
strong enough to stick to the
credit card statements. You'll
budget you made.
make some interesting revelations You know yourself well enough to
about exactly where your money know what you can do without
goes. This is important for finding and what you can’t.
out where you can cut back.
You should also make sure your
long-term financial goals are
realistic. If you set yourself up for
an impossible goal only to fail, it
could discourage you from keeping at it.
1: What is your income and
what are you spending your
money on.
4: Put Aside Some Savings
A good rule of thumb recommended by most experts is to
2: Break Down Spending Into
always save 10 percent of your
Categories
salary. That means using only 90
After you've gathered your spend- percent of your income to pay for
ing information from a particular all of your living expenses.
month, you can start to break that 5: Monitor and Update your
information down into meaningful
Budget Monthly
categories. You can start by sepaSticking to your budget is an
rating transactions into types.
ongoing process. Revisiting your
Here are some category suggesbudget on a regular basis will help
tions: Eating out, groceries, enteryou make sure you're really sticktainment, gas or utilities.
ing to it.
Once you've done that, you can
But your budget isn't set in stone.
further separate your expenses.
Seasonal changes in your budget,
Fixed expenses (ones that don't
like the holidays, will require some
change from month to month like
adjustments in your budget. And
rent; Non-fixed expenses (ones
unexpected expenses like car rethat change like untilities); Necespairs might change your plans.
sities and Extras.
In the end, practicing the selfUsing these categories can be
discipline required to stick to a
tricky. For instance, you might
budget will help you gain control
consider rent a Necessity, but
over your life and most likely
then again, perhaps your budget
reduce stress.
Looking for an App to
help with budgeting?
Mint.com was rated as the best
personal finance software by PC
Magazine in November 2015.
It’s free and it keeps track of every
transaction you make.
YNAB (You Need A Budget)
costs about $60. It operates on
these four rules:
Give every dollar a job
Save for a Rainy Day
Roll with the punches
Live on last month’s income.
Ways the Federal Reserve Rate
Hike Might Affect You in 2016
Some Mortgage Rates Will Rise
Not all mortgage rates are directly related to the decisions
of the Federal Reserve Board. Adjustable rate mortgages
and home equity lines of credit will be most impacted by
the Fed rate hike, but most 30-year, fixed-rate mortgage
rates are based on the 10-year Treasury bond, according
to The New York Times. Prices are determined according
to a number of factors, including long-term economic
growth, inflation outlook and short-term interest rates.
Possible Slight Increase in Auto Loan Rates
The auto industry has seen record-breaking sales in
2015, due at least in part to low interest rates, according to
USA Today. Rates for new cars are expected to remain
low, as manufacturers get most of their profits from auto
sales — not financing costs — so they want rates to
remain low.
Steady Deposit Account Rates
Prepare to be a little disappointed if you think the Federal
Reserve rate increase will quickly be reflected in your
savings accounts. Banks are actually primed to increase
their rates slower than the Fed, as they’re currently flush
with deposits and don’t need to draw new customers in
with a rate hike, according to U.S. News. Financial institutions are expected to raise rates on loans but keep deposit
account rates low, which will allow them to increase their
bottom line.
Higher Credit Card Interest Rates
Credit cards have variable interest rates, which are directly
impacted by the rate set by the Federal Reserve Bank.
The 0.25 percent increase is relatively small, so it shouldn’t
make too much of a dent in your budget, but as the rate
continues to climb, it could become increasingly difficult to
pay your credit card bill.
Stronger U.S. Dollar
Now that the interest rate has finally risen, the U.S. dollar
will become stronger. If you plan to travel abroad, this
means the exchange rate will be more favorable, so your
money could go further in foreign countries.
Holiday Closings:
Hours of Operation
Lobby:
Monday, January 18th
Martin Luther King, Jr. Day
Monday to Friday
9:00 - 5:00
*Monday, February 15th
Presidents’ Day
Saturday
*9:00 to Noon
*Lobby Closed on
Saturdays at 24th & Industrial
Drive Thru:
310 West 12th
Emporia, KS 66801
*Please join us that night for our 78th Annual
Meeting. 7:00 p.m. in Webb Hall in the
ESU Memorial Union.
Branch Location
2332 Industrial Road
Phone: (620) 342-2336
Toll Free: (866) 342-2336
Monday to Friday
8:30 to 5:30
Saturday
the joy of
8:30 to Noon
esfcu.com
giving
As of 12/29, our
members have
donated over $2,400
as part of our Skip a
Payment Promotion!
Did you remember to open your
December statements?
They may contain important
TAX INFORMATION.
We advise you to open all of the
statements from Emporia State Federal
Credit Union and verify that all
transactions are correct.
The money will be donated to Abundant Harvest and Food for Students.
ATM Locations: 310 West 12th
2332 Industrial Road
33o2 W. 18th (EHS)
1200 Commercial (ESU Memorial Union)
This credit union is federally insured by the National Credit Union Administration.