Our One Focus We’Re Invested in You
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Our One Focus We’re invested in you. Schedule a complimentary consultation with one of our CFS* Investment Representatives. Call us directly at (702) 641-4323 or visit us online at: ONCUInvestments.org *Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. One Nevada Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members. (Member FINRA/SIPC) point focal CONTENTS Fellow member-owners: Invest — Will you outlive As they say, all good things must your money? come to an end eventually, but Page 3—4 the next adventure awaits. It’s with both joy and sorrow that I let you know my time Trending — Your privacy and as President and CEO of One account access Nevada will come to an end on Page 5—6 March 1, 2018. After an amazing 30 years full of ups, downs, and everything in between, my retirement adventure awaits. Rest assured, I leave you Member Profile in very capable hands. Dane Wilt Your Board of Directors has selected Paul Parrish, our General Manager Lotus Radio Corporation — Reno, Nevada existing EVP and Chief Operations Officer, to become One Nevada’s next President and CEO effective March 2, 2018. Page 7–8 Paul, a Nevada native and UNLV graduate, joined One Nevada in January 1981 as Controller. Throughout his Managing your money One Nevada career, Paul has demonstrated incredible Page 9–10 leadership, a wealth of knowledge, and a commitment to fulfilling One Nevada’s mission to be your trusted provider of superior financial services. Security — Tax identity fraud Paul has worked in all areas of the credit union’s Page 11 operations including serving as our Controller, Vice President of Finance, Chief Financial Officer, and his Serving the Community current role as Chief Operations Officer. I have immense confidence in Paul’s ability to lead Page 12 our credit union into the future of digital banking and maintain our credit union’s strong financial position so Did You Know? we may continue to serve your financial needs far into Employee Focus the future. Page 13 I will work closely with Paul to ensure a smooth transition this spring, and you haven’t seen the last of me as I will continue to serve on One Nevada’s Board of Directors. Thank you all for your continued membership and an amazing ride the last 30 years. In service, Bradley W. Beal, President/CEO Focal Point is produced Send comments and quarterly by One Nevada suggestions to: as a service to our One Nevada Credit Union FOCAL POINT STAFF members. Our goal is to Focal Point help you understand all 2645 South Mojave Road SVP MARKETING/CMO Deborah Colby, that membership offers Las Vegas, NV 89121 you, provide financial Jennifer Salvador, AVP MARKETING education and present [email protected] Jake Ludens, AVP MARKETING topics important to you. For address corrections, Schedule a complimentary consultation with one of our CFS* Investment Representatives. Lisa Jansen, AVP MARKETING — NORTHERN NEVADA please speak with a Financial Copyright ©2018. One Nevada Service Representative or Jara Pearson, DIGITAL MEDIA STRATEGIST Credit Union. All rights reserved. call us. Reproduction, in whole or in part, SR DIGITAL CONTENT DESIGNER Corey Scribner, without written permission is To find a branch in your area, Greg Pace, SR GRAPHIC DESIGNER prohibited. Federally insured by go to OneNevada.org or NCUA. Equal Housing Lender. download our mobile app. Will You Outlive Your Money? FIND OUT WITH AN ANNUAL FINANCIAL PLAN CHECK-UP. It’s that time of year when many putting money away for your future, but if Most people spend more time planning of us vow to eat better, exercise your plan doesn’t include the rising cost of their next vacation than they do planning their more, travel and better manage living, health care and taxes, then you may long-term financial plan. Hey, we get it. For our money. inadvertently have a plan to run out some of us, retirement may seem like a long At One Nevada, we’re not great diet of money. way off, but the earlier you start, the more gurus,I fitness coaches or trip planners, but Consider this. If you plan on retiring at time you have to prepare. we can help you out with the money side age 62, you may have a life expectancy of of things with an annual financial plan another 30 years. With inflation, the cost of Here are a few things to do and check-up. living could increase two and a half times consider about your financial plan as Whether you’re a few decades or a over those 30 years. Essentially, for every we kick-off 2018. few years from retirement, it’s important $100 you spend on groceries today, you could • Set measurable goals to ask one fundamental question: will your be spending $250 for the same groceries Define your long-term financial goals and money outlive you or will you outlive your 30 years from now. This is where that make them measurable so you can evaluate money? You could be doing a great job of planning stuff becomes pretty important. how you’re doing at least once annually. *Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered 3 Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may • Evaluate your risk tolerance most often involves evaluating your insurance Our CFS* Financial Advisors can help you start Are you willing to risk more of your assets needs to make sure you’re prepared for a new financial plan or evaluate your existing to earn more? Review your risk tolerance unforeseen emergencies or expenses. one. Regardless of what stage of life you’re at, it’s annually to determine if you need to make never too early or too late to make changes that • Tax strategies adjustments to stay on track. can help improve your financial plan. Evaluate how tax laws have changed and • Re-evaluate your investment and asset understand how to help reduce taxes now allocation strategies and in retirement. Identify what types of assets you have and Seem daunting? Well, here’s the great news! how you have them allocated. Over time, Your One Nevada membership gives you access you may need to make adjustments based to a complimentary, no obligation financial on market conditions or other factors. check-up with one of our CFS* Financial • Prepare for the unexpected Advisors at One Nevada Investment Services Call us directly at (702) 641-4323 or Take care to protect what you have. This offered through CUSO Financial Services, L.P. visit us online at: ONCUInvestments.org involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. The credit union has contracted with CFS to make non-deposit investment products and services available to credit union members. 4 TRENDING Your privacy and account access It’s a BALANCING Act There’s no denying it, The fraudsters are getting craftier and number are visible now. We made this craftier. We monitor our systems and change to protect your account number identity theft is a real controls continuously and make needed if someone other than you or your problem in today’s society. changes to help keep the fraudsters out. authorized user(s) accesses your accounts It can cost you significant time, money In the past few months, we’ve made online. and energy trying to deal with the fall- some changes to better protect you. out. That’s why we’re doing everything Enhanced Identity Verification Procedures we can to help protect your identity Account Number Removed from Online We’ve also strengthened our identity and privacy while still trying to make Statements verification procedures when calling the sure you can access your accounts Most recently, you may have noticed Member Contact Center. If you’ve given and money easier. The bottom line is that we removed your full account us a jingle recently, you may have noticed that it’s a real balancing act that we number from your online statements. a few extra questions or steps to validate evaluate continually. Only the last four digits of your account it’s really you calling. We could make it 5 SOUTH (702) 457-1000 | NORTH (775) 827-3880 | Q1 2018 easier by telling you exactly what those 1. Keep a valid email address on file In addition to answering other added questions or steps might be, but with us so we can communicate standard personal questions about that would also arm the fraudsters with with you directly. yourself, doing and/or knowing the the information they need to try and 2. Keep your account number handy four things listed will help provide access your accounts. but in a safe place where others you with the information you may We appreciate that when you’re busy, won’t see it. need to authenticate yourself when are in a rush or can’t remember a piece 3. Know your most recent contacting us. Thanks for helping us of info that it can be frustrating.