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Congratulations, Alicia!

Congratulations, Alicia!

  We would like to congratulate Alicia Quevedo, our Senior Vice President and Chief Membership Officer, for being named the Professional of the Year by the...
Holiday Shopping on a Budget

Holiday Shopping on a Budget

Holiday Shopping on a Budget ‘Tis the season…to avoid going broke buying presents for your loved ones. It’s easy to do, right? Sometimes we get carried away and spend more money than we intended to. You don’t want to look like a cheap gift-giver, but you also don’t want to buy the whole store. So, how do you buy awesome gifts for everyone without breaking the bank? We have a few tips for you to keep your trees and your wallets full. Make a List, Check It Twice Hey, the process works for Santa so it can work for us! Start with a list of people you plan to buy for, jot down the gifts you think they’ll love and then check it twice. Santa has to buy gifts for the whole world, but you don’t have to. If your shopping list includes more than five people outside of your immediate family, trim your list. Look at alternatives like homemade gifts or baked goods so you can spread holiday cheer without looking like a Scrooge. Create a Budget Based on Your Finances Your best friend started a great job a few years ago and always gets you the most amazing gifts. However, if you’re in a different place in your financial life, don’t overextend yourself to match gifts. Look at your budget and see what you can do. Don’t shop based on what you think you should spend. The saying “it’s the thought that counts” really does ring true. It’s still possible to give thoughtful gifts to your loved ones without breaking the bank. Homemade From The Heart While...

Official Rules

Power Financial Credit Union Carnival Celebration Official Rules Promotion Period Promotion begins on February 1, 2020 at 12:00am, and ends on February 29, 2020 at 11:59pm (the “Promotion Period”). Entry  By entering the Promotion, each entrant accepts and agrees to be bound by these Official Rules.  No purchase necessary to enter. Individuals who qualify and obtain an auto loan in a minimum amount of $25,000 from Power Financial Credit Union during the Promotion Period will be automatically entered into a drawing to win three (3) months of car payments, up to $300 per month. Individuals may also enter by providing name, address, and phone number on a 3×5 card and mailing it to: Power Financial Credit Union, 2020 NW 150th Ave Suite 100, Pembroke Pines, FL, 33028, Attn: Marketing; must be postmarked before the end of the Promotion Period. One entry per person. Prizes There will be one (1) winner who will receive three (3) months of payments made by Power Financial Credit Union on a Power Financial Credit Union auto loan, up to a maximum of $300 per month. Winner will be selected by random drawing from all eligible entries on or about March 16, 2020 and will be notified on or about March 16, 2020. Loan must be in good standing at time of drawing and prize notification. If winner does not have a Power Fi auto loan, prize will be awarded upon qualifying for and opening an auto loan in a minimum amount of $25,000, as long as loan closes on or before March 1, 2020.Winner is responsible for all applicable federal, state and local taxes. The...
Sun Sentinal 2019

Sun Sentinal 2019

  We are honored to have been named Best Mid-size Employer by the Sun Sentinal 2019 Top Workplaces. A huge thank you to our incredible employees who work together as a team and as a family. We would like to thank each and every one of them for their dedication and commitment to the purpose of guiding Power Financial Credit Union family members to better lives today and for all generations to...

Fraudulent Email Notification

Fictitious email messages, allegedly initiated by the Office of the Comptroller of the Currency (OCC) regarding funds purportedly under the control of the OCC, have been sent to some credit union members. Any communication claiming that the OCC is involved in holding any funds for the benefit of any individual or entity is fraudulent. The OCC does not participate in the transfer of funds for, or on behalf of, individuals, business enterprises, or governmental entities. If you have received an email from the following email address, do not respond – it is fraudulent: office2comptroller90@gmail.com deadhead@kfedisbroke.com name@officeocc.com The perpetrators may request, among other data, bank account information, including bank statements, with the purported purpose of making a large dollar deposit into your account. Do not respond in any manner to any proposal supposedly issued by the OCC that requests personal account information, or that requires the payment of any fee in connection with the...
Mind the GAP: Understanding the Value of GAP Coverage

Mind the GAP: Understanding the Value of GAP Coverage

Picture the following scenario: After months of research and planning, you take the plunge and buy a new car. Once the financing is secured and your auto insurance is in place, you’re ready to hit the road. You’re so excited about your sparkling ride that you’re not even worried about the fact that most new cars depreciate by as much as 10% the moment you drive them off the lot—and up to 20% in the first year. That’s a financial fact, but you’re too busy enjoying that new car scent to get bogged down with details like that. Now, imagine that after just a few weeks, you’re involved in an accident that badly damages, or worse yet, totals your car. (Don’t worry—unlike your car, you emerge from this imaginary situation without a scratch.) Fortunately, you did the responsible thing and secured good auto insurance. Once all the proper claims have been filed, you find out that insurance will only cover your car’s market value—which, due to the depreciation, is several thousand dollars less than the amount you owe on your auto loan. If only there were a type of loan protection that would help you make up that difference. Fortunately, there is. It’s called Guaranteed Asset Protection—GAP, for short. What is GAP? GAP coverage is an optional protection plan offered with auto loans or leases, and depending on the plan coverage limits, it effectively waives most of, if not all, the remaining balance on your loan. While your auto insurance plan’s comprehensive and collision policies cover your vehicle’s value in the event that it is totaled or stolen, GAP...