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Skip-A-Payment – June or July 2022

Some restrictions may apply. Must meet credit requirements. $30.00 fee per loan. To learn more, call 402-399-9001 to speak to a member services representative.

To apply, click on the graphic above or click here.

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Project Yourself from Cybersecurity Threats

Omaha Federal Credit Union has been closely monitoring developments overseas as well as cybersecurity threats attacking critical infrastructure both at home and abroad. We encourage you to be extra aware and take important steps to keep your own systems and information secure. 

  • Emails: DO NOT OPEN ANY attachments from e-mails even if you think it is a trusted source. Instead, save the attachment to your desktop and open it from that location. 
  • Employ account alerts, such as CardValet®
  • Never accept payment instructions or requests for private information based solely on email, text or messaging correspondence.
  • Make sure your electronic devices have the latest updates to help protect against security threats. 

Here are a few more tips for consumers regarding cybersecurity, and the increased need to detect, prevent and mitigate scams and fraud:

Consumer “don’ts”:

NEVER give out, post, or share the following with ANYONE:

  • Username
  • Any passwords, passcodes or PINs
  • Any personal identifiable information (PII)
  • Any financial information including account number, credit card, or debit card information

Don’t fall victim to increased phishing attacks:

  • If an email comes in and you are not expecting it or it appears suspicious, don’t click into it, DELETE IT!
  • When that phone call comes in asking for personal or financial information, HANG UP!
  • If you see a text message that appears suspicious, don’t click into it, DELETE IT!

Consumer “dos”:

  • Place a security credit freeze on credit reports with all the credit bureaus
  • Sign up for free fraud alerts from credit bureaus
  • Secure home computers, tablets, and mobile devices with a firewall and antivirus software before performing an online transaction
  • Avoid free downloadable applications for mobile devices since they may be infected with viruses and/or malware
  • Take extra time to monitor accounts closely for any type of unauthorized activity
  • When shopping online, remember to exit the site
  • Only use a private network when shopping or performing account activity online
  • Check out the seller before purchasing items
  • Cover your hand when entering your pin at the store or on an ATM
  • If you have a chip enabled card, use the chip technology
  • Watch merchants perform your sales and look for any suspicious activity
  • Review your card account transaction daily to uncover any unauthorized activity
  • Always take your receipt
  • Let your financial institution know about your travel activity
  • Don’t carry around private account/PIN/card information
  • If someone contacts you about fraud on your card, don’t provide any financial information. Contact your financial institution directly to confirm the fraud call’s validity.
  • Consider requesting lower daily dollar limits on account transactions
  • Subscribe to fraud alerts or turn on/off your card option
  • For any online activity, think before you click!
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Home Improvement: Find the Fortune Hiding in Your Home

Apply here.

Take advantage of this offer and LOCK in a great LOW rate!

Loan approval decision made promptly with competitive rates. Promotion good through 07/01/2022. New Loans Only. Offer not applicable for First Mortgage Loans. No payments for 60 days. Loan duration dependent on loan type selected. Other rates and terms available. Programs, loan rates, terms and conditions are subject to change without notice and may vary based on credit qualifications, including creditworthiness and loan-to-value ratio. One coupon per loan. Availability is limited.

Open your account today for just $5!
Visit omahafcu.org or call (402) 399-9001 (Option #4) and speak to an employee for more details about fees and terms that may apply.

Funds in your OFCU accounts are federally insured to at least $250,000 by the National Credit Union Administration (NCUA), a U.S. Government Agency.

(402) 399-9001 , Option #4 | omahafcu.org

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Check Out Our Latest E-Newsletter!

Click on the link or the image below to enjoy the latest issue of Omaha Federal Credit Union’s monthly e-newsletter. This issue is packed with great articles, news, links and updates and we hope you enjoy this and future issues.

January 2022 E-newsletter

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Save BIG, Earn BIG with our New VISA® Rewards Credit Card!

Apply Now!

VISA® Rewards

Earn 1.5% Cash Back or 1.5 Points for Every $1 Spent

Our VISA® Rewards credit card currently has a variable rate as low as 11.25% APR (Annual Percentage Rate) with a minimum credit line of $1,000. There is no annual fee and no balance transfer fee.

You can apply for this new credit card in person at any of our branches, by calling 402-399-9001 (option 4), or through our On-line Loan Applications on our website (select Credit Card Application).

Get Rewarded for Every Purchase You Make

  • 1.5% Cash Back option
  • uChoose Rewards© = 1.5 points for every $1 spent
    • Points can be used to buy gift cards or merchandise
  • Apple Pay, Google Pay, Samsung Pay
  • Contactless: Secure tap and go payment method
  • CardValet® – Get alerts on transactions, lock your card in an instant for any reason, manage spending by setting purchase limits, block international usage, and so much more
  • EMV Chip Card
  • Use your VISA® Rewards credit card at millions of locations
  • ATM access via the VISA® ATM network
  • Get added security when you shop online with your VISA® Rewards credit card. This option is available only if a merchant participates in this program.

Register for uChoose Rewards

  • It really pays to use your VISA® Rewards credit card, as it offers a special program to cardholders called uChoose Rewards. The uChoose Rewards program allows us to reward YOU for using your VISA® Rewards credit card for purchases. Giving you accelerated earning opportunities and unlimited ways to redeem your points is our way of saying THANK YOU for being a cardholder and member of Omaha Federal Credit Union. Every time you use your VISA® Rewards credit card, you will earn bonus points that, upon accrual, can be redeemed for gift cards and merchandise. Before you can begin earning uChoose Rewards points with your new credit card, you must first register your VISA® Rewards credit cardonline. Unlike registering your Omaha Federal Credit Union Debit Card directly at uchooserewards.com, registering your VISA® Rewards credit cardfor uChoose Rewards must be done through Virtual Branch. First, sign in to your Virtual Branch account at omahafcu.org. Once logged in, click on LOANS, then click on the VISA® Rewards credit card that you want to register, then click on the uChoose Rewards icon there. Once you register your new VISA® Rewards credit card for uChoose Rewards, you will then have the opportunity to utilize this single sign-on to access the total point balance of all your uChoose accounts, including your uChoose Rewards that you earn by using your Omaha Federal Credit Union Debit Card.

Other credit card options are available here.

Credit Card Comparison Table

Credit Card Details

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Apple Pay. Google Pay. Samsung Pay.

Apple Pay

You can use both your OFCU Visa® Debit and Visa® Credit Card with Apple Pay — the easy, secure, and private way to pay. Use Apple Pay with iPhone 6 to pay in stores without swiping your card and within apps without entering payment and contact information. With Apple Pay, instead of using your actual Debit or Credit Card numbers when you add your card, a unique Device Account Number is assigned, encrypted and securely stored. And when you make a purchase, the Device Account Number alongside a transaction-specific dynamic security code is used to process your payment. So your actual Debit and Credit Card numbers are never shared by Apple with merchants or transmitted with payment. In addition, paying with Apple Pay is private as the cashier never sees your name, card numbers or security code.


Google Pay

Now the things you love about your favorite Visa® Debit or Credit Card are right on your Android phone. Getting started with Google Pay is simple:

  1. Download the Google Pay app from Google Play or the App Store
  2. Follow the instructions to add your OFCU Visa® Debit or Credit Card
  3. Verify your card if needed. Then you’re all set!

Samsung Pay

Now the things you love about your favorite Visa® Debit or Credit Card are right on your Samsung phone. Getting started with Samsung Pay is simple:

  1. Access your Card from the Samsung Pay app
  2. Add your OFCU Visa® Debit or Credit Card

Pay confidently at millions of places around the world with Visa and Samsung Pay.


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OFCU Offers Post-Pandemic Financial Advice

The COVID pandemic is and continues to be a defining period of our lives. Among its many effects, it caused all of us to take a hard look at how we live our lives, including the way we spend our money.

Quarantine kept many of us at home, preventing us from spending as much as we usually did for things like entertainment and travel. Many people lost their jobs or were furloughed, forcing them to reduce their expenses. One clear effect was that those with emergency funds fared better than those who did not have them.

We all took at least a few moments to evaluate and reassess the things we believed were important to us. For example, many people realized that the things they used to consider “needs” like expensive shoes, eating out every day, or having the latest cellphone, suddenly weren’t as important to them. Those things were simply “wants” or “nice to haves.” We learned we could get by with a less expensive way of life.

If you did manage to save some money, what did you do with the extra cash? Hopefully, you used it to create some financial security, like pay down debt, open a retirement fund, or boost your emergency fund.

There’s a chance that when the pandemic is history, some people may revert to their old spending habits, indulging in all their “wants” again. That would truly be a waste of the lessons we’ve learned. Instead, try to continue spending as mindfully as you have during the pandemic.

1. Make a commitment to save each month. Pay your emergency and retirement funds first. If you haven’t created accounts for either one, then start them now. To make saving easier, use automatic transfers to deposit funds into those accounts after your paycheck is deposited. Try to save 20% of your monthly income.

2. Pay off credit cards. Then make sure you only spend as much as you can comfortably afford — that doesn’t mean your credit limit. Ideally, you want to pay the total in full at the end of each month, so you don’t accrue interest charges.

3. Get clear on what your “needs” and your “wants” are. A lot of people have trouble with this, but it isn’t difficult to figure out. “Needs” are things you need to survive — groceries, housing, utilities, health insurance, transportation. These expenses should amount to 50% of your expenses. Everything else is a “want” — dining out, entertainment, vacations, etc. That should take no more than 30% of your expenses.

Omaha Federal Credit Union is right here with you, ready to help you get your post-pandemic finances in order. If you would like to open a savings or investment account, or need help budgeting, check out our website at www.omahafcu.org or contact us at 402.399.9001.

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PLEASE NOTE: Mailing Changes for VISA®

Please Note New Payment Address for VISA®: Omaha Federal Credit Union, P.O. Box 2711, Omaha, NE 68103-2711

Please Note Changes to U.S. First-Class Mail Delivery Times: Effective October 1, 2021, the United States Postal Service (USPS) has revised its service standards for certain First-Class Mail items, resulting in a delivery window of up to five days. This may delay your receipt of mail from us and our receipt of mail from you (including mailed payments). Please take this change into account when mailing items to us via USPS. For more information, visit the USPS website.

What you can do: If you haven’t already, consider signing up for online access, which includes paperless options for online statement delivery and Bill Pay, or utilize online and paperless options available through the Omaha Federal Credit Union mobile app.

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Four Simple Steps to Getting Your Credit Score Back on Track

Written by Amanda Harr

One of the biggest life lessons that will prove valuable over and over again: the credit-related mistakes made in your past can come back to haunt you in the future, particularly if you intend on purchasing a home, vehicle, or taking out any other type of credit.

Your payment history, types of credit used, new credit, length of credit history, and amounts owed play a huge role in the importance of a FICO® score, which in turn determines if you’re eligible to make significant purchases, such as a home or car.

The silver lining to this story is, even though you may have a terrible credit score, it is not finite. Your credit score changes monthly, and there are several things you can do to help steer yourself in the right direction. In this blog post, we’ll outline a simple, four-step process to help you begin improving your credit score and work toward achieving your financial goals.

If you need help or advice regarding your current credit score, here are some helpful sites:

Step #1: Find out what your credit score is.

Did you know that one in eight Americans is unaware of their credit score? In fact, even among those who have checked their credit score, 46% haven’t done so in over two months.

If you would like to maintain or improve your credit score, the first step is finding out what it is! You’ll want to get copies of your credit report from all three major bureaus. You can obtain a report once per year from each bureau for free (Equifax, Experian, TransUnion).

While your credit score alone does not determine whether a lender can issue you credit, it is very important. Credit scores range from 300—850. A credit score of 711 is considered “good” by most lending standards.

The components of FICO scores are made up of five categories: length of credit history, credit mix, new credit, payment history, and how much you owe. Once you determine where you stand, work to improve or maintain your credit score.

Related Reading: How Does Your Credit Score Stack Up?

Step #2: Pay down your outstanding debt.

Start by putting a stop to your credit card usage. Next, use your credit report as a reference to list all of your open credit. Use your credit card statements to determine how much interest you’re paying on each card, and prioritize which ones you’d like to pay down first. Try to pay off credit lines with the highest interest first, while maintaining minimum payments on the rest of your credit cards.

Some people may feel like paying down their debt is an unattainable goal, but with the right plan and perseverance, you CAN BE debt-free. There are numerous financial advisors, such as Dave Ramsey and Suze Orman, who have strategies on how to get out of debt; find an advisor and strategy that works best for you.

Step #3. Make on-time payments a habit.

Once you have a plan, be sure to adhere to it! Your payment history contributes to 35% of your overall credit report calculation, and late or missing payments are not easily corrected. If you have a pattern of making late payments and then make a series of on-time payments, your FICO score should improve.

Make it easy by setting up automatic payments for all of your recurring bills. By doing this, you’ll ensure you don’t miss paying any amounts due, which will help you since missing payments can trigger hits to your credit score and punitive charges like late fees. Paying your bills on time, every time will help build your credit score and keep more money in your pocket.

Step #4: Regularly monitor your credit score and usage.

I can’t stress enough how important it is to monitor your credit score and attend to the details of your financial plan to improve your credit score regularly. Having good credit can mean the difference between paying a 3.5% rate versus a 5.5% (or higher) interest rate on purchases such as your car or mortgage. That may not sound like much, but lowering a mortgage interest rate by as little as 0.5% could save as much as $150 a month on a $300,000 home loan.

Sites like CreditKarmaWalletHub, and Identity Guard offer free credit monitoring yearly and/or on a trial basis. It won’t always be easy, but nothing will compare to the satisfaction you will feel when you’ve improved your financial wellbeing.

Identifying and cleaning out any unnecessary expenses will help you keep your credit score on track going forward. Apps such as Mint, SWBC’s Vault platform, and most online banking services are also great tools to help you track your spending, manage your finances, and grow your wealth.

For more info, please click here.

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4 Ways to Teach Your Kids About Money

By JOHN PETTITCUINSIGHT.COM

Worrying about money can keep us up at night. A lot of those worries wouldn’t exist if we’d just done a few things differently when we were younger. Now you know how important it is to teach your kids when they’re young, so here are a few ways you can start teaching them about money now…

Make them earn some: It’s hard to learn about handling money when you don’t have any. That being said, don’t just give them money and let that be the end of it. Give them responsibilities and provide them with a regular allowance so they’ll learn that money doesn’t grow on trees. Paper grows on trees and money is made of paper, but let’s just ignore that for now.

Teach them to save: If you let your kids spend their allowance freely, you won’t be doing them any favors. Talk to your children about work and retirement and teach them about compound interest. Establish savings goals for your kids and reward them for saving each month by throwing in a little extra when their goals are met.

Let them spend it: You can’t afford to buy your children everything they want. Teach your kids about making responsible purchases and let them spend money on things that make sense. Not only will they get something they want, but they’ll learn a little bit about spending, saving, and budgeting.

Teach them to be cheap: Ok maybe frugal is the better word. But the point it, show them how to save their money for the things that really matter. Don’t buy them a drink in the checkout line of the grocery store when you’re about to head home to where the drinks are. Show them that most of the time there’s usually a better option.

For more information, please click here.

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How to Protect Your Credit Health When Money is Tight

With nearly two-thirds of Americans feeling financial strain due to the COVID-19 pandemic, it’s an important time to take an active role in our finances. Making financial plans can feel demotivating if money is tight, but understanding your goals is the key to making productive financial decisions. There are typically two key areas of focus when creating a financial plan: growth and protection. Growth isn’t possible for many people right now given the rise in unemployment and reductions in work hours. However, even if your income is unstable, there are still steps you can take to protect your credit health.

Know where you stand

According to week eight of TransUnion’s Consumer Financial Hardship Study, 36% of Americans think it’s very important to monitor their credit score during the current health crisis. They’re absolutely right. Checking your credit scores and reports helps you baseline your credit health and enables you to keep track of any changes to your credit history, which may in turn affect your score.

Accessing and monitoring your credit information is an important part of managing your credit health during COVID-19, so the credit reporting agencies (TransUnion, Equifax and Experian) are offering all Americans free weekly credit reports online at annualcreditreport.com through April 20, 2022.

Now that you have weekly access to your reports, try to schedule a consistent time to check them. Lenders typically report updates to accounts each month, but different lenders may update at different times. It’s important that you make a habit of monitoring your credit regularly.

When reviewing your credit reports, look for any updates you’re anticipating or unexpected changes that may need closer review. Your credit report is a representation of your data identity, and you should manage it as a valuable asset. Just like you, the credit reporting agencies want to be sure all your information is accurate and up to date. This ensures the credit reporting system is fair for everyone. Check your personal information, and go through the open credit accounts listed to make sure you recognize all of them. Review account balances and payment histories to be sure they’re accurate. You may also want to note the contact information for each of your lenders. If you have a question about a specific item on your report, it may be a good idea to contact your lender directly to get more information. You can also submit a dispute with the credit reporting agency that issued the credit report to request an investigation of anything you believe is inaccurate.

Continue making payments

Your payment history is such an important factor in calculating your credit score, so making on time payments consistently, if you’re able, is a good way to protect your credit health. If you think you may struggle to pay, talk to the company you have the account with as soon as you can, before you miss the payment. We’ve seen a positive trend in companies reaching out to their customers to provide guidance during COVID-19. In fact, TransUnion’s Consumer Financial Hardship study shows that 69% of financially impacted Americans say that companies they have accounts with have contacted them about payment accommodations. But you don’t need to wait for your lender to contact you — almost half of all financially impacted Americans have already reached out to their lenders to discuss payment options. Be proactive if you’re having financial difficulties. COVID-19 is affecting people in many different ways, but everyone knows people are struggling. There are options and resources available to help provide support.

If you do plan to enroll in forbearance or deferment programs with your lenders, ask questions to be sure you understand all the terms. Good questions to ask might include whether the lender will still assess fees, how interest is calculated, and how the lender will report your account to the credit reporting agencies while it is in the hardship program. Then, try to develop a plan for when the accommodations end. There are guidelines for federally backed loans like mortgages and student loans thanks to the CARES Act, but relief options provided by private lenders may vary. Be sure to get all agreements in writing so you have the information you need to build a plan for restarting postponed payments later.

Guard against fraud

With new and sometimes confusing information out there about stimulus checks and small business loans, the environment is ripe with opportunity for fraudsters. The TransUnion Consumer Financial Hardship study found that a quarter of Americans know they’ve been targets of digital fraud schemes related to COVID-19. If someone gets access to important information like your Social Security number, they can wreak havoc on your finances and credit health. Be especially cautious right now with communications related to the CARES Act and stimulus checks. Remember, no government organization will ask you to share sensitive information over phone, email or text message. Only use official government websites when submitting information online.

If you don’t plan to apply for new credit anytime soon, you may want to consider freezing your credit. This helps prevent fraudsters from opening new accounts in your name, as a freeze prevents lenders from accessing your credit report after they receive a new credit application. Credit freezes are free, don’t affect your credit score and can be easily lifted whenever you need to do so. You will need to place a credit freeze with each of the three credit reporting agencies separately if you want the most protection.

You also can add a free fraud alert to your credit report if you think you may have been a victim of fraud. A fraud alert does not block potential lenders entirely, but notifies them to take extra steps to verify your identity before extending new credit. If you add a fraud alert to your report at one credit reporting agency, the other two are notified automatically to add one to your report as well.

It’s completely natural to feel frustrated about a lack of progress with your finances, especially if you’ve made sacrifices to build your wealth and credit history. And it’s understandable that many people may feel like all they can do is sit back and wait for the economy to improve. But you don’t have to. You can take proactive action to protect what you’ve built. Establishing consistent, protective habits now can pay off later when we’re all better able to concentrate on growth.

For more information, click here.

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Remember: You Can Bank with Us Anytime, Anywhere by Using our Mobile App

Bank with Us Anytime, Anywhere

You’re constantly on the go and checking your balance and paying bills from home might not always be convenient. Omaha Federal’s mobile banking app allows you to do this and more — when and where it’s convenient for you.

Download our “Omaha Federal Credit Union” app from your App store today to:

  • Check your balance — Within seconds, check the balance of all your Omaha Federal accounts.
  • Pay bills — Make payments to anyone or any company by scheduling one-time or recurring payments.
  • Transfer money — Make transfers between your Omaha Federal accounts and send funds electronically to accounts outside of the credit union. Make payments to different merchants electronically.
  • Get alerts — Sign up to receive mobile texts alerting you to low account balances and loan payment due dates for all your Omaha Federal accounts.
  • Check statements — View monthly statements for your Omaha Federal credit card.

For more information, download our mobile banking app visit one of our branches, or call us at 402.399.9001.

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College Students Share Their Honest Thoughts on Student Finance

It has been a year of twists and turns for everyone…but particularly for college students. Zogo brought together a group of them to get their honest thoughts on the current state of education and student finance, discussing everything from online learning to the student debt crisis. These were some of the key questions and answers from the discussion:

Did your parents prepare you for taking charge of your finances when starting college? Or was this something that you learned from just throwing yourself into it?

Natalie: I mostly learned from throwing myself into it. My parents focused on teaching me to save my money, but I guess I was never really taught the ‘why’ part. I definitely wasn’t prepared for all the extra expenses at college that you wouldn’t think of, like sports fees and textbooks.

John: A little bit of both. A lot of it comes with experience, but saving money was the first and foremost thing I was taught by my parents. I actually learned a lot from my two older sisters who had been through the college process and watching them make their first financial decisions.

Should parents or schools be the one to teach kids about student finance?

Kevin: Schools would probably be one of the best platforms for that. Parents may come from different backgrounds and maybe they don’t know enough about the topic. There could be a chain of knowledge that’s missing. Schools would be a good place to instill some of that base knowledge and cover everybody on a uniform basis – the question is how would they do that.

Roshni: Schools should do at least the foundation of personal finance. Every family has a different financial position or viewpoint – they may not have the privilege to teach their kids about it. Schools need to prepare students and not just release them into the real world.

Do you think that high schools do a sufficient job at preparing students for taking on student debt?

John: Everyone knew it was coming. We all knew it was something we would have to deal with, but school never really highlighted the complexities of it like they should have. They spent so much time focused on getting us into college, that they overlooked student debt. Even the tuition differences between in-state and out-of-state colleges weren’t really highlighted. They were just keen on getting us into the best school possible.

Roshni: There were close to 4,000 students in my high school. My grade alone had 800 kids. Among all of those students, there are only two college counselors. The information tends to be geared toward certain groups depending on who needs it most – when really it should be universal.

There may be no answer to this, but do you think there is a way to fix the student debt crisis?

Natalie: There are a lot of ideas that could potentially help, but there aren’t many that are realistic. I think student loan refinancing would be really good for a lot of people. I also think the policy of FAFSA should be entirely changed because a lot of people get denied student aid, even those who truly need it. It’s based on a number system that seems to be completely skewed. I think it should be changed.

Kevin: It seems like right now a lot of the burden of student debt is falling on the students. The question is, do we want to be moving the student debt burden to the taxpayers? You can…but do you want to burden the taxpayers with the student debt if they’ve personally paid theirs off?

You can watch the full discussion, College Students Discuss the Future of Education, at: https://youtu.be/bHMkQXUrytg

By Lucas Mill, VP of Customer Success at Zogo

For more information, please click here.

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It’s Never Too Late to Ask For Help


In tough times, it’s more important than ever to develop and maintain good financial habits. Having a household budget and shedding debt are two obvious things that could benefit most consumers. But figuring out where to start can be a daunting task — especially if you feel like you’re already in trouble. The thing to remember is that it’s never too late to ask for help from Omaha Federal Credit Union.

Manage your mortgage

If you have an adjustable rate mortgage (ARM) and are facing a rate adjustment, or if you have a fixed-rate mortgage with a higher interest rate, refinancing your home loan with Omaha Federal Credit Union might be the break you need. If you qualify, you could:

  • Refinance into a fixed-rate 15-year (or shorter-term) mortgage

Even if you have a fixed-rate home loan, refinancing may free up some money you could use to:

  • Pay down more expensive debt — credit card bills, for example
  • Build your emergency fund for unexpected expenses, such as car repairs or a new furnace

Tap your home’s equity

A home equity line of credit can be a useful cushion if you’re not already overloaded with debt.

  • You can set it up and never draw on it, but have the comfort of knowing it’s there if needed
  • If you’re already tapped out, borrowing more is not the answer

Cut credit card costs

Not all credit cards are created equal. Switch to an Omaha Federal Credit Union credit card — they average more than two percentage points lower than bank credit card interest rates, and often have lower fees as well.

  • Always pay on time, no exceptions
  • Whenever possible, pay the balance each month. When you have to stretch payments, pay in as few months as you can manage.
  • Avoid cash advances — the interest rate on these advances is higher than on straight purchases.

Pass up payday loans

Payday lenders promise to help when you’re short on cash. You’ll get the money you need, but with interest rates from 300% to 1,000%.

  • See what it really costs to borrow from a payday lender, and then
  • Visit Omaha Federal Credit Union — we offer many loan alternatives with fairer terms and much lower interest rates.

Use direct deposit

Direct deposit at Omaha Federal Credit Union will help you save automatically. You simply need to set it up to place a certain amount or a percentage into your checking account and another amount into your savings account. It gives you:

  • One less thing to worry about. It’s the safest way to receive your money.
  • An easier and more convenient way to contribute to Omaha Federal Credit Union IRAs (individual retirement accounts) and other savings vehicles
  • More control over your money and your time — it’s predictable and dependable

Steer clear of scams

Some scammers use negative economic news to scare investors into high-risk investments. They use investor fears to promote sketchy schemes with promises of high returns and no risk that leave investors with nothing but empty wallets.

  • Hang up on aggressive cold callers
  • Delete unsolicited e-mails promoting investment opportunities.

As a member-owned not-for-profit financial institution, Omaha Federal Credit Union is always looking out for our members’ best interests. Our rates and fees can save members hundreds of dollars annually. Don’t wait until you’re in deep trouble to ask for a financial checkup at Omaha Federal Credit Union. In fact, the earlier you ask for a review, the better the outcome can be.

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Claim Your Youth Club

Welcome to Claim Your Youth Club — offering a great financial education for teens! And it’s FREE!

Claim Your Youth is a teen-specific educational program designed for youth ages 13-21. The club helps adult members solidify their financial independence. Claim Your Youth is designed to answer common finance questions that hinder teens’ ability to take control of their finances, using topics and content that is relevant to them. Claim Your Youth helps teens work through one of the most challenging periods of financial literacy development.

Claim Your Youth empowers young adult members to be in control of their financial future from the outset. It pushes them to a holistic understanding of the larger financial system and their place within it.

Click here to go to our Claim Your Youth website where you’ll find 1) continuously updated, relevant financial articles 2) opportunities for member contributions 3) tools, tips and resources to help teens manage their finances 4) calculators that give teens a chance to understand the “numbers” side of budgeting and 5) an ability to reach teens where they are the most comfortable with texting and email alerts.

*No application fee. No Annual Fee. Bonus gift card must be obtained within your 2021 birthday month and no later than December 31, 2022. Current or new membership and minimum balance of $5.00 in savings account required to obtain $10.21 gift card bonus. Membership depends on creditworthiness and other qualifications. New membership approval decision made same day or day after application and, if approved, gift card bonus will be provided same day or day after application. 0.05% annual percentage yield (APY) on savings account. Maintenance or activity fees and terms could apply. Programs, rates, terms and conditions are subject to change without notice and may change after the new savings account is opened. Visit omahafcu.org or call and speak to an employee for more details about fees and terms that may apply.

Funds in your OFCU account(s) are federally insured to at least $250,000 by the National Credit Union Administration (NCUA), a U.S. Government Agency.

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Kirby Kangaroo Club

Welcome to the Kirby Kangaroo Club! Where kids have fun and learn about savings! And it’s FREE!

This fun club is an education program designed for children ages 5-12 that not only establishes a life-long relationship between you and your credit union, but also educates and engages youth in healthy financial habits that will last a lifetime.

Kids can follow along as Kirby lives and learns some valuable life, finance, and responsibility lessons in situations that are familiar. Then, you can answer questions, play games, and learn key terms that reinforce the lessons in the stories. Have fun and start your financial journey which will a solid base to build on for a lifetime!

What are the key benefits? If parents can access resources for their children, then both the parent and child improve their financial literacy and develop healthy habits that will make them successful savers, and smart spenders, throughout their lives.

Click here to go to our Kirby Kangaroo website where you’ll find 1) continuously updated, child-specific financial lessons 2) built-in educational questions and key terms to reinforce the stories and 3) fun downloads and games for youth to complete with their parents.

*No application fee. No Annual Fee. Kirby Kangaroo© Goodie Bag Bonus must be obtained during your birthday month, and no later than December 31, 2022. Current or new membership and minimum balance of $5.00 in savings account required to obtain Goodie Bag Bonus. Membership depends on creditworthiness and other qualifications. Membership approval decision made same day or day after application and, if approved, Goodie Bag Bonus will be provided same day or day after application. 0.05% annual percentage yield (APY) on savings account. Maintenance or activity fees and terms could apply. Programs, rates, terms and conditions are subject to change without notice and may change after the new savings account is opened. Visit omahafcu.org or call and speak to an employee for more details about fees and terms that may apply.

Funds in your OFCU account(s) are federally insured to at least $250,000 by the National Credit Union Administration (NCUA), a U.S. Government Agency.

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Reward Yourself with Your VISA® Debit Card!

Start using your VISA® Debit Card and begin earning 1 bonus point per $2.00 spent when you select “credit” and sign for your purchases wherever you shop! Redeem your points for the rewards you want most such as gift cards and merchandise — the choices are endless!

Visit uChooseRewards.com and register to start earning your points today.
It’s that simple!

  • VISA Debit Card Convenient & Easy to Use
    • Apple Pay, Google Pay, Samsung Pay
    • Contactless: Secure tap and go payment method
    • EMV Chip Card
    • CardValet® – Get alerts on transactions, lock your card in an instant for any reason, manage spending by setting purchase limits, block international usage, and so much more
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Vote for OFCU’s Board of Directors

One of the most important differences between credit unions and other institutions is the Board of Directors, elected by the membership. All Directors are members that volunteer their time and expertise to serve. Members vote at the Annual Meeting each year to elect the Credit Union Board. Board members are expected to attend monthly meetings throughout the year. They are also expected to attend educational sessions. This year’s Annual Meeting is at 4:30 p.m. on Tuesday, June 21, 2022.

Cindy Sand
Cindy retired in 2014 from the U.S. Army Corps of Engineers after a Federal career of more than 32 years. In her former position as a Contracting Officer, she was responsible for managing contracts for military design and construction. Cindy holds a B.A. from Buena Vista University. She is also a graduate of the Leadership Development at Bellevue University. Cindy has been a member of Omaha Federal Credit Union since 1993. She has served on the Board of Directors for more than 20 years, and is currently the Treasurer. Cindy has also served in the role of Chairman, Vice Chairman and Secretary. Cindy also volunteers at a local high school food and clothing pantry.

Teresa Reinig
Teresa has been employed by the U.S. Army Corps of Engineers since 1994. Her current position is as a Program Manager, Programs Management Branch Chief. She provides oversight of the financial management of multiple programs and the operating budget for multiple divisions. Teresa holds a B.S. in Finance from the University of Nebraska-Lincoln and a B.S. in Geology from the University of Nebraska-Omaha. Teresa has been a member of Omaha Federal Credit Union since 1994, and has served on the Board of Directors since 2018.

Erik Williams
Erik has held many positions over the years, ranging from Loan Officer, Network Operations Center Technician, Telecom Technician to small business owner. He has owned, operated and managed Custom Lawns of Omaha since 2003. He received his B.S./B.A. in Banking and Finance from the University of Nebraska-Omaha. Erik has been an Omaha Federal Credit Union board member since 2014, and a credit union member since 1991.

2nd Annual May Memorial Day Baskets for Vets

It’s coming fast and furious! Memorial Day, that is! And it’s time to kick-off our 2nd annual May Memorial Day Baskets for Vets community service campaign! Last year’s inaugural event was such a resounding success, that we are hopeful this year’s will be as good or better! But we need YOUR help to do so!
 
Would you be willing to donate to our May Memorial Day Baskets for Vets campaign this year? We are creating fun Memorial Day goodie bags with some inexpensive items to brighten our Vets’ day and tell them we THANK THEM for their service to America! Last year, we sponsored 40 Vets in 4 retirement communities in Washington County. The Fort Calhoun Boy Scouts wrote personal “thank you for your service” notes to each Vet for their bag. The Blair VFW posts donated their time and talents, as well as the Veterans Service Office of Washington County. During last year’s May Memorial Day Baskets for Vets community service campaign, we made so many Vets smile!
 
While last year we focused solely on Washington County, this year we’d like to see if we can expand our reach into Douglas and Sarpy counties as well.
Our goal is to double our efforts (add 40 more goodie bags) to recognize Vets in Omaha and thank them for their service. Our monetary donations last year covered the full purchase of the bags and many of the patriotic contents therein. Our monetary goal this year is $1,500! Will you help us get there?

We will be delivering the goodie bags to the Vets on Wednesday, May 25, so we would like donations no later than Wednesday, May 18 or sooner (so we have time to buy items and put the gift bags together). You would be donating to a great cause and giving back to VETS who’ve given so much to our country and sacrificed so much so that we can enjoy the freedoms and liberty we have today!
 
Any monetary amount or in-kind donation from you would greatly help! Checks can be made out to Omaha Federal Credit Union and routed to Julie Gasper, Vice President of Marketing, here at our Main Branch. OR, you can drop them off at any of our 3 branches. OR, if you prefer to buy items for inclusion in the gift bags, the following is a list of suggested items needed. Please bring the donated items to Julie Gasper’s office at the Main Branch (or to any of our 3 branches) no later than Wednesday, May 18 or sooner. Please DO NOT put the items in a basket – we will be dividing all the items up fairly to insert them in bags that we (OFCU) are purchasing.
 
ITEMS NEEDED
Playing Cards
Snacks
Toothbrush
Toothpaste
Mints
Combs
Brushes
Crossword puzzles
Word Searches
Patriotic socks or plain socks
Anything patriotic
Candy
Mints
Gum
Small Journals
Tablets
Puzzles and games
Hand Sanitizer
Word Search puzzle books
Stamps
Books
Magazines
Gift cards
Hygiene items
Anything that you think a Vet (man or woman) in a retirement/nursing home would like
 
It has been a pure JOY to serve these Vets, and I hope they enjoy their gifts and know how special they are to our communities and our country! Again, thanks SO MUCH in advance for your support and generosity, as well as your dedication to serving your community!
 
Here is a quote from a proud and appreciative Vet last year:
 
“I received the generous bag of goodies today, and was very pleased!! I thank the Boy Scouts and all who donated items, lots of snacks, pens and other things that will come in handy. The people were very generous and I appreciate it. Pass the Thanks along from Jerry Teuscher, Jerry Kobs, Fern Rhode (wife of a career Veteran) and myself, and also for Bud Hunsche over in Good Shepherd. Have a good Memorial Day.” — Pat Hunsche, former U.S. Navy WAVE.

Account Holders’ Homes and Autos More Valuable Than Ever

Do you have the right coverage to protect yourself? 

By Brook Garrity, Director of Partner Management, TruStage® Auto and Home Insurance Program 

Vehicles and homes have typically been the average consumer’s most valuable assets. With drastic increases in worth over the past year, that’s even more true than in the past.  

Although housing prices have had a largely upward price trajectory since the 1960s, they’ve taken a bigger-than-usual jump since 20201. And thanks to chip shortages and high demand, prices on both new and used vehicles have increased faster than consumer prices overall (and those went up a hefty 7% from 2020 to 2021—the largest year-over-year increase since 1981)2.

meridian sales price of houses
percent change

High values mean the right coverage is critical—do you have it? 

Car and home-related expenses consume a large percentage of account holders’ paychecks in the best of times. Account holders might be feeling anxious about protecting these increasingly valuable assets given today’s uncertain and high-inflation environment. And, in too many cases, account holders are paying too much for their coverage or don’t have the protection they actually need. 

Common reasons include: 

Buying coverage based only on price. Price comparisons from one provider to another aren’t always apples-to-apples, and account holders might focus on the price without registering the policy differences. Two common ways to make a policy seem less costly include pricing it to reflect a state’s minimum insurance requirements—which might be lower than the account holder really needs—or offering a low quote for the first six months, with the intention of bumping up the cost after that period ends (and the account holder is already committed). 

Not taking advantage of multi-policy discounts. Account holders who chase after the best price for each policy might miss out on multi-policy discounts that could save them money overall. 

Not understanding their protection needs—or what their coverage actually delivers. Insurance is full of terms and jargon that can be confusing to account holders. And that lack of understanding can mean they don’t necessarily have the coverage they need. 

For instance, many homeowners think they should purchase homeowners’ insurance based on the market value of their home, when replacement value should be their guide. Or they believe they’re automatically protected against things like floods or sewer back-ups when they’re not. On the vehicle front, they might opt in for collision coverage longer than they need to or set their deductible too high or too low. 

How can Omaha Federal Credit Union help? 

We offer home and auto insurance options on our website via TruStage®.

TruStage® gives account holders access to the following: 

Jargon-free product information. The best partners understand insurance can be confusing. TruStage® uses clear language in all their materials and designs their website and apps with built-in, hover-over definitions for unfamiliar terms. 

Transparent pricing. TruStage® allows account holders to compare coverage and play with cost/benefit trade-offs. No two account holders have the same needs and the best providers let them find and understand their coverage options.  

Access to live help. Account holders love digital — and many want to handle every aspect of their insurance online. But any account holder, even the most digitally savvy, will occasionally run into a question or problem that can best be solved by being able to pick up the phone or meet face to face. TruStage® makes this possible.  

The prices of vehicles and homes aren’t likely to drop any time soon. TruStage® gives members access to coverage that meets their needs. 

Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the views or positions of any entities they represent.TruStage® Life Insurance is made available through TruStage Insurance Agency, LLC and issued by CMFG Life Insurance Company. The insurance offered is not a deposit, and is not federally insured, sold or guaranteed by your credit union. CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. Corporate headquarters are located at 5910 Mineral Point Road, Madison, Wis., 53705.CORP, GEN-3896522.1-1121-1223 © CUNA Mutual Group