The following post was written by Aubrey Knorr, a teller at Maine State Credit Union. She has been with the credit union for a year and a half and has been a great member of the MSCU team. Enjoy!
Finances are on everyone’s mind lately.
Due to the rising prices in our economy, we all are trying to re-write our budgets to cut out all of the pointless and unnecessary spending. We are re-thinking what’s really important. Unfortunately, setting a budget and actually sticking to it are not strengths that a lot of people have.
As a credit union, it’s our job to help our members to the best of our ability. Most credit unions don’t have actual financial advisors to assist members with these matters; there is a way to help our members in this area using the employees that we already have.
Many employees already know how to analyze and manipulate numbers. This talent can be utilized by placing them into a position that would enable them to sit with members and plan out budgets that the member can stick to, based on the members own income and expenses.
In a world of rising gas, food, and energy costs, on top of loans, credit cards (about 15% of people have more than $10,000 in debt!), childcare, and working long hours, our members need our help. If we can help them to consolidate and cut back with a budget that they can stick to, they will learn to trust us with any of their financial needs.
It will help us to gain more members with more accounts, and a lot of loyal people who will always come to where they are best served. Every credit union and bank has loans to offer and accounts to use, but how many have people that actually sit down with the member and go over their financial assets and needs with them?
We need to start looking at the newest needs of our members, and that is coping with the ever-changing fluctuation of the economy.