The past week our community has really come together as one after the devastating results of the Historic Flood. Too many of our own are displaced, staying with family, or in shelters after the wrath of Mother Nature. We want you to know, that Section 705 is here for you and can offer disaster relief. Below are some ways that we can help you during this extremely stressful time:
1) Loan Specials
One of the first stressors during a natural disaster is “How am I going to financially get through this?” Credit unions are in the business of helping people. The credit union motto is “People Helping People!” Section 705 has several loan specials that are going on right now that can offer some financial peace of mind.
- Our Disaster Relief Loan was just put in place to help those affected by the flood.
- If you need a boat, a camper, or a four-wheeler to aid in cleanup, the credit union has the Hunter and RV Loan Special available to you.
- Don’t want to get into anymore debt? If you already have a loan with Section 705, you might qualify for the Skip-A-Payment special. This could be one less bill you have to worry about paying while waiting on funds from your insurance company or FEMA.
- Spruce It Up Special: Starting September 1, 2016, the credit union has a special specifically to aid in home repair. Details coming soon to your mailbox and inbox!
2) Financial Counseling
The credit union has two certified financial counselors on staff! If you are concerned about your finances after this disaster, call or email them. Cassie or Malana can help you to make a financial plan and calm your nerves.
3) Tell Us Your Situation!
If you were affected by the flood and are worried about paying a loan, tell us. We will work with you in whatever way that we can. Have loans with other financial institutions? Many, like Navient, are offering temporary deferments for loans in an effort to support South Louisiana.
4) Your Family and Co-Workers Can Become 705 Members.
Do you have immediate family members or co-workers who were affected? They may be eligible to join the 705 family. We can help them through this tough time as well.
As you weather this storm, your credit union family is here for you!
Don’t forget to see what federal funding you and your family qualify for such as: FEMA, Food Stamps, and Temporary House.
Boating on a budget? Is there such a thing? Louisiana is truly “Sportsman’s Paradise!” With so many bodies of water, many would LOVE to spend your spare time unwinding on a boat that you own. Some boat-owners like to joke that “boat” is an acronym for “bring on another thousand.” This can be an expensive hobby, but also a rewarding one. Let’s look at a few ways to save money while keeping your dream boat from becoming a nightmare.
1.) Avoid stuff labeled ‘marine’
Retailers know people who own boats tend to have a little more disposable income and expect to spend a lot for maintaining their watercrafts. This leads them to inflate prices on boating rope or boat window cleaner. In many cases, conventional products for land craft will do the same job just as well for quite a few dollars less.
2.) Find a ‘boat buddy’
If you’ve got friends who are heading to the same lake, see if you can split trips. You can take them around on your boat, then they can do the same for you. Not only will this let you both experience being captain and first mate, but you’ll also spend half as much on fuel.
3.) Get gas beforehand
This isn’t about a baked bean dinner the night before an excursion. Instead, think about the marina prices for fuel. They’re likely considerably higher because marina operators know they have a captive audience. With a 15-gallon spare tank, you can make the trip to a land-locked gas station and save a few bucks on fuel (one of the biggest expenses of the weekend). However, if the gas station sells gasoline with ethanol in it, pay attention to what you are buying. Many gasoline-powered engines (especially older models) were not built for E15, which could damage the motor.
4.) Do your cooking on the water
Sandwiches can get boring and bait shop hot dogs are expensive, not to mention unhealthy. Instead of those options, look to step up your cooking game on the boat. A single burner electric hot plate is all you need for stir fries, taco fillings, and other simple dishes. A little bit of planning can help you be more sophisticated. Bring wings and buffalo sauce, cook them up in the skillet, and have your favorite bar food on the water! Make sure you do the chopping beforehand and keep the ingredients in plastic containers in the cooler. Also, only do your cooking at anchor in calm waters.
5.) Cut down on the alcohol
Beer and boating seem like such a natural fit, but the cost of all those cans really adds up. Worse yet, you could end up with a serious criminal matter on your hands. Boating under the influence (BUI) enforcement is usually higher on holiday weekends like the 4th of July. Getting a ticket could cost you hundreds of dollars or even your freedom! If you’re out in the sun, be sure to drink plenty of water, and designate at least one sober boat driver. Driving a boat under the influence is just as dangerous as driving a car under the influence.
Stay safe, and have a great time on the water!