January 2020 Newsletter
In 2020, Bellco will renew its focus on making an impact within our communities in the areas of 1.) financial empowerment, 2.) quality of life, and 3.) arts and culture. With this in mind, we will strengthen our partnerships with local organizations that support these initiatives in the following ways.
As a not-for-profit, Colorado-based financial cooperative, Bellco works to provide tools and resources to help you feel financially empowered. That’s why we partner with organizations focused on education and learning solutions, to provide resources on Bellco.org to you and our community, including our MoneySmarts financial education program.
In 2020, we’re proud to announce Bellco will also provide financial education to a number of high schools in our community, helping youth receive the financial knowledge they need to build a strong future. Additionally, Bellco will be sponsoring economic and personal finance development classes for local teachers, so they are better equipped to educate on these topics.
Mpowered will also continue to be a strong partner for Bellco, helping us provide individual finance coaching and education to you and our community.
Quality of Life
Basic needs like food, water, and shelter are essential and is one reason why Bellco is continuing its partnership with Food Bank of the Rockies—an organization working to fight hunger throughout Colorado by providing food and essentials to more than 500 hunger-relief programs.
Arts and Culture
Bellco believes the arts are fundamental to a healthy community, which is why since 2016, Bellco has been a presenting sponsor of the Denver Art Museum's "Free for Kids" program to ensure that more children experience the transformative power of art. Our continued partnership also provides you, our members, with free admission the second weekend of every month.
Visit BellcoGivesBack.org to learn more about ways Bellco will make larger impacts in the areas of financial empowerment, quality of life, and arts and culture in the Colorado community this year.
Now that the new year has started, it’s a great time to examine your budget, especially because you might be feeling a bit of a pinch in the wallet after the holidays. But don’t worry—it’s never too late to start saving. And it doesn’t have to be difficult or life-altering. Often, just making a few easy changes can help you save hundreds throughout the year, even if it’s only pennies at a time. Check out these tips:
1. Make a plan. It’s easy to fail a goal if you don’t have a pathway there. Make a plan for saving and stick to it.
2. Stop buying and start selling. Impulse buys can kill a savings goal. Instead of spending more on things you don’t need, start determining how you can make back some money on the things you’ve already bought. Consider a garage sale, or look at online marketplaces such as eBay, Craigslist, or buy/sell groups on social media.
3.Follow the 30-day rule. If something strikes your fancy, wait 30 days to buy it. If you still want it after a month, go for it. Often, however, the impulse to buy will have faded by then and you won’t have to waste your money on something you don’t need.
4. Make shopping lists. Especially when it comes to grocery shopping, be sure to create a list and stick with it when you’re in the store. Try basing your week’s menu (and your trip list) off of the store’s sales, so that you’re always buying what you need at the lowest price you can. And consider making double of a meal or two—freeze the extra, and when you’re in a pinch for a meal later, you’ll have one at the ready instead of feeling a need to order take-out.
5. Change your entertainment habits. Instead of going out to eat or to pricey entertainment venues, invite your friends over for a potluck and game night in. Don’t forget that your town’s library is more than just books—you can also borrow DVDs, use their computers and/or internet, and enjoy a learning series. And for family fun, check out free local festivals and events.
6. Adjust your energy use. Be sure to turn off lights when you’re not at home or when you’ve left a room. Unplug appliances such as computers or TVs when they’re not on to cut down on phantom energy use. And purchase a programmable thermostat to increase energy efficiency and help create a consistent temperature in the house.
7. Lean on Bellco! Bellco offers a number of products that can help you save, even when you’re not thinking about it. Consider Boost Interest Checking, which offers up to a 2.25% APY on your balances up to $25,000.00. Look into consolidating your debt into one payment when you get a ChoiceLine home equity line of credit, which may also help you save come tax time (speak with a qualified tax consultant for details). And be sure to make use of Bellco’s online bill pay, which can help you avoid missing a payment and being saddled with a late fee. Speak with a Bellco representative for more information on applicable fees, terms and more! Bellco is an Equal Housing Opportunity Lender.
Every year, the Bellco Board of Directors selects a Nominating Committee that nominates candidates for election to the Board. The members of the Board ensure that the credit union is following federal and state credit union laws and any other applicable government regulations and that the credit union adheres to the organization’s bylaws. The Board also maintains Bellco’s financial stability by following good business practices, and it sets the general direction of the credit union.
There are three seats up for nomination in 2020, and the Nominating Committee has nominated three incumbents for those seats. The incumbent Board Members who have been nominated are:
Steven Angelier: Board Member since 2012.
Current Board Chairman. Board Member since 2012. Owner of Hospitality Purchasing Consultants, which acts as purchasing agent for the furniture, fixture, equipment and operating supplies necessary for hotels, apartments, senior living, churches and corporate housing. Steven has experience across many different industries including healthcare, telecommunications, financial services and hospitality. He has held various roles in the finance arena at Centura Health and Qwest Communications, followed by senior management positions at GE and executive leadership at Benjamin West.
Walker Fleming: Board Member since 2010.
Board Member since 2010. Mr. Fleming has significant experience in Fortune 500 aerospace, telecommunications and energy companies. He is founder and CEO of AxxessConnect, LLC, a telecommunications infrastructure and services company. He has held senior management positions at Dynegy, Logix Communications, Intelligent Systems, US West Communications, Tele-TV and Lockheed Martin. Mr. Fleming is experienced in General Management Strategic Planning, Sales and Marketing, Network Operations, Auditing, Finance, Project Management and New Product Development. He has experience in various industries including voice and data networks, cable TV, energy management, software development and government contracting. He is a member of the Boy Scouts Trustee Board and the Denver Police Foundation Board.
C. David Kikumoto: Board Member since 2019.
Board member since 2019. Mr. Kikumoto is a visionary healthcare executive with 30 years of experience and a proven track record of maximizing revenue and lowering healthcare costs. Mr. Kikumoto is a highly respected professional and considered an innovative leader by his contemporaries. Over his career, he has delivered exceptional value while serving as an executive and an independent director.
If you are interested in being nominated for a Bellco Board of Directors position, you may do so by petition. The election will not be conducted by ballot, and there will be no nominations from the floor when there is only one nominee for each position to be filled. Please send any questions regarding the nomination process to firstname.lastname@example.org.
Your nomination by petition must include the following: (1) signatures of members in good standing that make up at least one percent (1%; 3,405 signatures as of November 30, 2019) of all Bellco members, as well as their addresses and daytime phone numbers; (2) a signed certificate from the nominee or nominees stating that they are agreeable to nomination and will serve if elected to office; and (3) a 50-word statement of qualifications and biographical data from each nominee.
Send this information to the following address via U.S. mail: Bellco Credit Union, Nominating Committee, P.O. Box 6611, Greenwood Village, CO 80155-6611. Nominations by petition must be received no later than 5 p.m. on February 3, 2020.
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