Financial planning across different life stages is crucial for achieving long-term financial success and security. While financial situations vary widely, understanding the general principles applicable to each life stage can help individuals navigate their financial journey more effectively. Here, we outline the key stages and offer general tips for each phase, drawing from recent statistics and trends.

As we enter 2024, the U.S. housing market shows signs of a dynamic shift from the previous year's challenges. 2023 was a year marked by high-interest rates, inflationary pressures, and concerns of a looming recession, resulting in a significant downturn in home sales and affordability. However, the onset of 2024 has brought a renewed sense of activity and competition in the market, albeit with continued complexities.

Nuvision is excited to be in the process of pursuing a merger partnership with Cooperative Center Federal Credit Union (Cooperative Center) in Northern California. Cooperative Center is a natural fit as a partner, sharing our People Helping People values and deep commitment to giving back to our communities. Together, we can bring even greater value to our collective memberships – enhancing member benefits while retaining our long legacies of personal service and dedication to our member relationships.

In this month's Nuvision Heroes feature, we shine the spotlight on an extraordinary person whose dedication to community service exemplifies the spirit of giving back. Wendi Henderson, a former Navy chief and a beacon of hope in her community, has been making a significant impact through her involvement with Toys for Tots.

This month's Nuvision Heroes feature spotlights Erma Hood, a remarkable member of our Nuvision family who embodies the spirit of giving. Erma, an 81-year-old widow, recently won $2,000 in our Added Advantage Holiday Cash Giveaway. In an inspiring act of kindness, she chose to use her prize to purchase toys for our Toy Drive, directly impacting the lives of numerous children in our community.

2023 has been a great year for our Added Advantage members. The Added Advantage program is our way of saying thank you, and we can't wait to share more opportunities with you in the coming year. As we wrap up our $21,000 Holiday Cash Giveaway, we're thrilled to share with you this year’s winners.

As we wrap up another year, we at Nuvision Credit Union feel immensely grateful for the opportunity to serve and give back to our communities. It is through the unwavering support and generosity of our members that we are able to make a meaningful difference.

As we look back at 2023, the U.S. housing market grappled with a series of difficult challenges. Key among them were escalating interest rates and persistent inflation, alongside looming concerns of a potential recession. These economic issues pushed mortgage rates near the 8% mark, a significant burden for potential homebuyers.