| by First Nebraska Author , General | In Newsletters
Annual Meeting, April 24
All Members are invited to our Annual Meeting on Thursday, April 24, 2025 at Firefighters Union Hall (6005 Grover St., Omaha, NE). Doors open at 5 p.m. Dinner and dessert bar will be served from 5-6 p.m. The business meeting will start at 5:35 p.m.
Come and vote, and be a part of the credit union movement! There will be drawings, a goodie bag and a raffle for Children’s Miracle Network (bring some cash, if you’d like a chance to win.)
The Board of Directors is comprised of volunteers who represent the entire membership.
The FNCU Nominating Committee has announced its nominations for the board positions. The nominees are Nancy Wallace and Julie Beers. These candidates are currently serving on the Board of Directors and have agreed to continue to serve if elected. Since the number of candidates presented by the Nominating Committee is equal to the number of positions to be filled, we are not seeking additional candidates at this time.
If you have questions about the election process, you may contact the Nominating Committee at: First Nebraska Credit Union, Attn: Board Nominating Committee, 10655 Bedford Ave., Omaha, NE 68134.
RESERVE THE DATE! Call (402) 492-9100 to make your reservation.
Please Note: Starting Tuesday, April 1, the 48th Street drive-thru will close for construction.
Our 48th Street lobby hours will be extended during construction – 8:30 am – 6 pm, Monday-Friday, and it will be open every Saturday from 9 am – 12 pm.
If you need teller assistance, just touch the screen, and they’ll be there for you.
The ITM is like an ATM, but with even more services, such as:
Choose $1, $5, $20 & $50 bills.
Choose specific cash withdrawal amounts, such as $23, $57, etc.
Transfer money between your Savings and Checking accounts.
Check your Savings and Checking account balances.
Deposit up to 50 checks or cash, all at once.
Make a Loan or Credit Card payment (during business hours; with the help of a teller on the screen)
If you need a teller’s assistance, you can touch the screen and speak with an FNCU teller, which are located at our Bedford branch.
Get a Vehicle Warranty
An auto warranty can save you thousands on auto repairs! Ask us about a Route 66 warranty!
Just as health insurance helps cover the expensive bills…a vehicle warranty can pay for repairs you may not be able to afford.
Add a warranty when you get an Auto Loan with us, or later on. Here’s just some of the items we’ve covered in the last 5 years (includes average payout amounts):
From 401(k)s to Roth IRAs: Demystifying Retirement Accounts
With so many responsibilities in our day-to-day lives, it’s common to feel unprepared for the future. If you’ve ever caught yourself staring at your 401(k) statement blankly or questioning whether a Roth IRA is the right move, you’re not alone. With guidance, these accounts can feel less daunting and more like tools you can confidently use to secure your future.
401(k) A 401(k) is like a retirement starter pack, especially if your employer offers a match (which is free money!). Contributions are taken out of your paycheck before taxes, which lowers your taxable income now, however you’ll pay taxes when you withdraw in retirement. It’s a great choice because it’s automatic – set it, forget it, and watch savings grow. Be aware that if you withdraw early, you’ll face income taxes as well as a 10% penalty. This is your meant to be long-term, can’t-touch-it money.
Example: If you’re earning $50,000 a year and contribute 10% to your 401(k) with a 3% employer match, that’s $6,500 saved
Roth IRA Unlike the 401(k), you contribute to a Roth IRA with after-tax dollars, so you won’t get an immediate tax break. The upside? When you take money out in retirement, it’s tax-free. Roth IRAs offer flexibility; you can withdraw your contributions (not your earnings) at any time without penalties. This makes them a good option if you need some of that cash before retirement.
Example: You’re 40 years old and decide to start contributing the maximum amount to a Roth IRA (which in 2024 is $7,000 per year if you’re under 50). If you contribute $7,000 annually for the next 25 years until you retire at age 65, and your investments grow at an average annual rate of 6%, you could end up with around $464,000.
Traditional IRA The Traditional IRA is a solid option, especially if you’re looking for a tax break now. Like the 401(k), contributions to a Traditional IRA may be tax-deductible, which can lower your taxable income in the year you contribute. However, withdrawals in retirement are taxed as ordinary income.
Example: You contribute $6,500 annually to a Traditional IRA starting at 35, and you qualify for the tax deduction each year. By 65, with a 7% average annual return, your account could grow to about $650,000. Unlike the Roth IRA, these withdrawals will be taxed, so it’s important to plan for that.
SEP IRA
If you’re self-employed or run a small business, a Simplified Employee Pension (SEP) IRA might be your go-to. SEP IRAs allow you to contribute up to 25% of your net earnings from self employment, or $66,000 in 2024, whichever is less. This high contribution limit can make SEP IRAs a powerful tool for ramping up your savings if your income changes year to year.
Example: If your self-employment income allows you to contribute $15,000 annually to a SEP IRA from age 40 to 60, with a 6% return, you could accumulate around $555,000 by retirement at 65. Like a Traditional IRA, contributions are tax-deductible, providing valuable tax savings now, withdrawals in retirement will be taxed.
Next Steps How do you choose? If you’re eligible for a 401(k) with a match, start there. That’s an instant return on your investment you don’t want to miss out on. The best retirement account for you is the one you start funding now. It’s okay if you don’t have all the answers or much to contribute right away. Starting small and being consistent will get you far.
This article is shared by our partners at GreenPath Financial Wellness, a trusted national non-profit.
We proudly support the Omaha Crime Stoppers, and was happy to be a part of their Office of the Year Luncheon in March. Congratulations to all of the nominees, and to the Swanson-Grimm Officer of the Year winner, Officer Hall! We enjoyed having Family Focus Credit Union staff join us at our table!
Congrats to Ann on her retirement!
Staff from each branch/department took some time to wish Ann Loftis a happy retirement!
Employee Recognition
Anniversaries
(Jan. 2025) 5-year Anniversary: Zoe Leatherman
What our members are saying
“Very relaxing and pleasant atmosphere. Young lady who helped me was friendly, and helpful. Explained additional payment options. Thank You FNCU. – Ruben A.
You are leaving First Nebraska Credit Union's website. Links that may be accessed through this site are for the convenience of informational purposes only. Any products and services accessed through this link are not provided or guaranteed by First Nebraska Credit Union. The site you are about to visit may have a privacy policy that is different from the privacy policy of First Nebraska Credit Union. Please review their privacy policy. First Nebraska Credit Union does not endorse the content contained on these sites, nor the organizations publishing the sites and hereby disclaims any responsibility for such content.
