Credit Union Day

ProMedica FCU Celebrates Credit Union Principles

On October 20, 2016, ProMedica Federal Credit Union will, along with more than 56,000 credit unions around the world, celebrate International Credit Union Day (ICU Day), and the foundational principles that make credit unions unique.

Credit unions are not-for-profit financial cooperatives guided by nine principles, including democratic control, social responsibility, and returning all profits to members. This year’s theme is “The Authentic Difference,” a description of credit union’s cooperative structure and principles. ProMedica Federal Credit Union celebrates ICU Day because it believes financial services should be principled.
On ICU Day, ProMedica Federal Credit Union joins the more than 217 million credit union members around the world in celebrating the people-first principles that have helped lift people out of poverty and strengthen communities all over the globe.

Please continue to check our blog during the month of October as we highlight all nine principals.

Categories:
Digital Files

Utilizing Digital File Keeping

Most everyone has too many digital files to count these days. Music, pictures, financial files, product warranties, even retail receipts that are e-mailed rather than printed at the cash register leave us with digitized pieces of our everyday life.

Sixty-eight percent of Ohioans organize their important documents digitally, according to a 2016 Mid-Year Consumer Survey, conducted by the Ohio Credit Union League. When it comes to their personal bookkeeping, 27 percent said they receive all their monthly account statements digitally via e-mail, 52 percent said they receive at least some of their monthly statements digitally, and 21 percent said they still prefer to receive hard copies of all statements.

Even while people utilize digitization for their personal accounting and filing systems, almost 57 percent of the survey’s respondents said they’re not entirely sure their personal information is safe. Less than 32 percent said they have complete faith that their files are safely stored.

A 2015 international survey conducted by Accenture Consulting noted that while consumers find smart devices, and the files stored on them, to be increasingly relevant to their lives, they are not convinced there is a satisfactory level of security and privacy.

While less paperwork to pile, file, or shred is a bonus, digital consumers still want to feel like their personal information is safe. Here are a few helpful tips for staying organized and keeping digital data safe.

• Take control of your computer. Perhaps the most important step in digital organization is taking control of your computer. File important e-statements in labeled folders in your “My Documents” folder. It reduces desktop clutter, adds a level of security if your system crashes, and makes searching easier should you need to find a document.

• Set a rule for creating passwords. You don’t need to remember 75 passwords if you have one rule set for generating them. For instance, try always using your initials to start, followed by a favorite number, then the first two to three letters of the service name. Using the same password repeatedly makes it easier for identity thieves to hack into your accounts. And creating multiple passwords with no rule makes it difficult to remember them all. There are also numerous secure password storage apps to keep all of them in one place for easy retrieval.

• Archive files. Archive what you don’t want or need. Create a folder in your “My Documents” folder called “Archives.” You can place items there you don’t necessarily need, but aren’t comfortable deleting right away.

• Keep a paper trail. Keep a digital and a safely-stored paper version of critical documents that are either hard to replace, such as family health records and major home improvements, or for documents that are tax or business related.

Contact PFCU to find out how we can provide digital documents for your financial needs.