Woodsville Guaranty Savings Bank’s Post

2023 was a year of great impact at New Jersey Community Capital! We’re excited to share our Full Year 2023 Annual Report, reflecting the exciting journey and ambitious aspirations of the organization, team, and clients. Here’s a glimpse of what happened in 2023: 💰 Closed a record $58 million in loans - created or preserved 1,446 housing units, impacted 8,111 individuals, 1,110 education seats, 2,227 quality jobs, and 330,200 square feet of real estate in the commercial or community space! 🌍 Expanded our reach to 37 states with a new strategic plan. 🏠 Provided $2 million in down payment assistance to 138 families, 76% BIPOC households. 🔑 Avoided 1,600+ foreclosures, offering $99 million in debt forgiveness. 🎓 Supported significant projects like the reopening of Hinchliffe Stadium and Barclay Place. Access the full report to see how we’re building stronger, more equitable communities at https://lnkd.in/e6SeBXB #CommunityImpact #EconomicDevelopment

Today, I’m pleased to share that REV will bring its mission of Growth with Purpose to West Virginia through a proposed acquisition with First Neighborhood Bank.  Not only is this partnership the first of its kind in the state of West Virginia, but it also illustrates how credit unions and community banks can work together to support the financial needs of consumers by joining forces through a singular vision.  Putting people over profit.    Over the next few months, REV and First Neighborhood Bank will begin to integrate our two organizations around REV’s mission of Growth with Purpose.  A mission built around our innate desire to create member impact, social impact, economic impact, and ensure our long-term survivability.  Together, we will align our combined strengths in the consumer and commercial space to truly promote resiliency across the Mid-Ohio Valley region.  Ultimately, making this a win/win for our new members and the community at-large.    As we navigate this journey together, I hope legislatures in the Carolinas will take note.  Partnerships like this will become increasingly important as smaller financial institutions struggle to keep up with growing regulatory, technological, and competitive demands.  Demands that impact their bottom line and cause many to make the difficult decision to close branches in the under-served communities that need them most.  Through partnerships like this, credit unions can step in to ensure these communities have the access they deserve to products and pricing that support their unique financial journey.  Stay tuned for more great things to come! Non-Subscribers: https://lnkd.in/gkwE-QKu https://lnkd.in/gpGdFFzA

The 2023 Annual Report of First West Credit Union is out now with the theme 'Fundamental Fortitude'. Handling today’s challenges while building for tomorrow’s: amid continued economic turbulence, First West's core financials performed well and we continued to create and add value for our members, communities, and team members. Some highlights: 💰 Advancing member financial wellbeing: we introduced new features, products, tools and experiences to improve members’ ability to bank when and where they want, and to better manage their finances and financial goals. 🥫 Making meaningful impact: we invested more than $3.6 million in our communities. First West team members also contributed 6,780 hours of community leadership to more than 242 non-profit and charitable organizations throughout B.C. 💼 Helping team members flourish in a complex world: First West was honoured to be recognized as one of BC's Top Employers by Mediacorp Canada and one of Canada’s Most Admired™ Corporate Cultures by Waterstone Human Capital. "Our most heartfelt thanks to our members, for their continued loyalty to First West as their trusted financial advisors. Your financial success and flourishing matters to us—we’re here to help make it happen." - Shawn Neumann, Board Chair and Launi Skinner, CEO. Read the full report 👉 https://lnkd.in/gDd3X_Vj

The She-EO’s revenue had dried up to desert level, and she had just taken a 401k loan to keep her doors open. A Clarity Call with the Unrivaled Realizer, and within 24 hours, she closed a sales call. One which she had “zero expectation” of closing…until after we spoke. Her energy shift is palpable to herself and others. (They all want to know what she did!) That’s what’s possible when you are a full yes to making your money creation non-negotiable, and you step into conversation with me. I’ve been having a lot of conversations recently about this. One client who is creating her investment to work with me has made her PERFECT HEALTH non-negotiable. We pivoted her yesterday to making her PERFECT WEALTH non-negotiable…and she cried tears of joy and relief. Had a conversation with another client, who has made healing his relationship with his daughters non-negotiable. I supported him by listening and giving him space to get some things off his chest (and shed tears of frustration)…and then he decided after some back and forth to apply that very same desire to his money as well. “Let’s make this happen.” This is what it means to walk my mission of raising the money consciousness of the world so you experience prosperity. If this resonates, let’s chat, and I’ll identify your biggest money block in 20 minutes or sooner. Oh, and that first client I mentioned? Her husband had a call with me as well, and now they have an evening couples money activity they are doing (completely gratis)…and they are both coming to my 1-Day Money Intensive next week. Life is so good…and so is money.💕 PS This is Katya and me on our now daily walk in our 21-acre property.🐾

During an icebreaker, you've likely been asked what you would do if you won the lottery. Travel, paying off debt, and treating loved ones are common responses. You likely wouldn't answer with "I'd abandon my family and run", which is exactly what Lynn Anne Poirier did. Poirier and her boyfriend, Howard Browning, avidly purchased lottery tickets. They made a verbal deal that if one of them ever won, they would equally split the winnings. On June 2nd, 2007, they each bought tickets for the Florida Lottery’s big Firecracker Millionaire ­Raffle. As per ritual, the couple placed their tickets on their fireplace mantel. Poirier didn't come home after the winning numbers were drawn on the fourth of July. Browning checked the fireplace mantel and saw that the ticket Poirier purchased was gone. She won the lottery, collected $750,000 (after taxes), then went dark for a month. After eventually returning home, Browning requested his share only to be met by refusal. The case ended up in court and Browning's entitlement to earnings was denied under Florida’s Statute of Frauds. Ultimately, their oral contract was honored and Poirier was ordered to give him $291K. Unfortunately, she spent everything and was bankrupt. Poirier’s recklessness is beyond a cautionary tale, it’s a commonality. Famous power-ball winner John Whittaker fell victim to scams, addiction, and delusion after winning $3.14M in 2002. A National Endowment for Financial Education (NEFE) study found that 70% of lottery winners go bankrupt within 3 to 5 years, regardless of the earned amount. This can be related to a sense of wild abandon attached to garnering instantaneous wealth. Derek Sall, founder and lead of Life And My Finances, states that overestimating the value of winnings and foolish investments also condemn lottery winners. So, what would you do if you won the lottery? Fill us in down below! #eauclairepartners #lotterywinners #winthelottery #canadianfinance #financialplanning

Notice how the focus on these pension saving investment is the home? In Australia, increasingly, people cannot afford to buy their own home and currently they are constrained from using their superannuation fund savings to invest in a deposit for a home. Instead, those savings are typically controlled by trade union super funds, who use people's savings to drive young farming families off the land with unfair competition for retail farmland and water assets. Savings are great. But who are you giving your money to, and how is it being invested? Is it being invested to increase the overall productive potential of the country, or to help the saver to buy a home? Or is it invested in competition against young Papua New Guineans so they can't afford to buy a farm, or a home. Think carefully. Not all superannuation systems are the same.

We must model repair in every part of the reparations process. There are many ways we are harmed by institutional white supremacy and therefore there are countless way in which we need repair. If we only focus on a check and not full repair, comprehensive reparations, we will not see transformative and generational change. I’m feeling great hope for how this bold and additional tangible step to deposit the incoming $17 million and all future reparations funds into a Black owned bank https://lnkd.in/gSVAuuKn will be a value add to the Black community in Evanston and to all Black families nationwide being served by this great financial institution. This milestone took longer to reach than even passing the initial legislation, the nations first tax funded local reparations initiative in #Evanston IL. My favorite African proverb: “Little by little, a little becomes a lot”. We’ve got to keep building. We have to keep dreaming and doing. Today it’s 1 fund being deposited, tomorrow it could the 100+ funds inspired by our commitment in Evanston. Today it’s a reparations fund, tomorrow it could be a municipal fund, a state budget and HR40 passing!! No single initiative can close the wealth gap, no individual can lead a movement, not 1 state alone is the answer and there is not an exact model. It will take all of us doing our part, every person, every government body, all historically anti-Black institutions. Good work continues in City of Evanston thanks to all that continue to make it happen. Thank you to @libertybankandtrust for your partnership 🙌🏾 Learn more about the public opinion of reparations as local public policy in this Center for the Study of Diversity & Democracy (CSDD) at Northwestern University community study: https://lnkd.in/g-SjcDa2 Thank you @TheDailyNorthwestern for covering this important news. https://lnkd.in/g-SjcDa2 https://lnkd.in/gj88qQNi

Finacial Fri-days!!!!! At the last UCF holiday party we played the holiday party game White Elephant this book was gifted to me. Dave Ramsey 7 baby steps: 1)Save $1,000 for emergency fund. 2)Pay off all debt( except mortgage) using the debt snowball method. 3)Save three to six months of expenses in an emergency fund 4)Invest 15% of your household income into retirement 5)Savings for your children college fund 6) Pay off your home early 7) Final step is to build wealth and give.

Don't miss out on my upcoming Financial Classes that Northern Virginia Association of Realtors Ambassador Bruce McBarnette is teaching on August 4! Learn valuable skills and tips about real estate and investing. Link in bio for more details and to get tickets. #FinancialClasses #FinancialLiteracy #MoneyManagement #August4 #ZoomEvent #usatfmasters, #kellerwilliamss, #NVAR, #usatf, #usatfmasters, #princetonalumni, #princeton, #princetontrack