5 Steps to Improve Financial Wellness

Midwest Community Main Contact Form

  • For the best ways to contact us about specific issues, please select a topic from the dropdown menu.

Feeling financially unwell can affect more than just consumers’ wallets.

In a study from the American Psychological Association, nearly 72 percent of American adults reported feeling stressed about money at least some of the time, and nearly a quarter said they experienced “extreme stress” about their financial situation in the past month.

Stress at that level isn’t healthy. Chronic stress can cause headaches, weight gain, and even heart disease, according to the Mayo Clinic. The American Psychological Association also pointed out research that shows stress associated with financial problems strains cognitive abilities, meaning the person feeling financially unwell is more likely to make decisions that continue to lead them into unfavorable financial situations.

But there’s a silver lining. Regardless of income or credit score, people who seek training and become financially literate tend to rate their financial well-being higher than those who don’t. Here are some tips to help improve your financial wellness score.

1. Create a plan.

Decide where you want your finances to take you and compare that to your current financial situation. Write down all the steps to reach your financial goal and assign a time period to achieve each one. Reward yourself periodically as you come closer to your goal.

2. Automate savings.

It’s a lot easier to resist spending money if you never see it hit your checking account. Set up an automatic transfer each paycheck from your checking account to savings. Experts suggest aiming to set away six months’ worth of income for emergencies. It’s also wise to put about 10 percent of your income toward retirement.

3. Carry cash.

Swiping a credit or debit card can make spending money feel a little too easy. Pulling out dollars for each purchase forces you to be more aware of how much you’re spending. Take out only a set amount of money each week to help stay within your budget and cut down on impulsive spending.

4. Improve your credit score.

A poor credit score will hold you back financially, even if you’ve cultivated healthy budgeting and spending skills. Pay off lingering debts and be sure to pay off all new expenses promptly to improve your credit score. You may want to consider setting up automated bill pay, so you don’t accidentally miss payment dates.

5. Build financial literacy.

You can’t be financially well if you don’t know how to be. Consider utilizing podcasts, books, articles, and shows that teach financial concepts. For a more hands-on approach, research financial literacy events or classes hosted by credit unions or other financial institutions in your area. Several credit unions in Ohio have certified financial counselors who are trained specifically to help improve financial wellness.

 

Contact Midwest

Member Benefits

Midwest Community MC Online

MC Online

  • Your money, on your schedule
  • Easily set up account and service alerts to help manage money and avoid fees
  • Latest in technology to keep your information secure
Learn More
Midwest Community Mobile App

MC Mobile

  • Securely access your accounts from your mobile device any time, anywhere
  • Pay bills, make deposits, pay friends, move money & more
  • Smart financial management and account protection with account alerts
Learn More
Midwest Community Debit Credit Cards

Debit & Credit Cards

  • Fast, convenient, easy access to your funds or line of credit
  • Security at your fingertips with Debit Card Freeze
  • No annual fees
  • Stay informed with VISA Debit & Credit Alerts
Learn More
Midwest Community Membership

You’re More Than an Account Number

  • Our goal is to help you achieve yours
  • More than a bank, we guide members to financial health
  • Access to Investment services/Retirement planning
Learn More
Midwest Community Personal Attention

Personal Attention, National Scale

  • Easy access to your money, at the branch and beyond
  • One stop, full-service
  • Access to 5,000+ Shared Branches through Shared Branching Co-Op
  • 12,000 free ATMs across the country through Alliance One
Learn More
Midwest Community Competitive Lending

Competitive Lending

  • Better rates, better future, better life
  • Personal & Business Loans
  • Private Student Loans & Consolidation Loans
  • Mortgage & Home Equity Loans
Learn More

Start Today.

Manage your money, the way you want!

Get Started

Learn More

Investment Representative

The primary purpose of this position is to assist Midwest Community Federal Credit Union by delivering outstanding service to both internal and external members. A key element of excellent service is to identify the financial needs of each member and recommend an appropriate credit union solution. In addition, receives members in person and by telephone. Helps Member Investors reach financial goals utilizing our consultative sales process. In addition, responsible for ensuring that outstanding service is delivered to both internal and external members. A key component of this service is to provide proactive guidance on investment solutions via a needs-based consultative selling approach to both current and prospective Members who have placed an inbound call or referral to the Investment Representative.

For more details, please contact lfrysinger@midcomm.org.

Midwest Community Federal Credit Union is an Equal Opportunity Employer.

Member Service Representative

Midwest Community Federal Credit Union is looking for a Member Service Representative to process transactions, accurately perform end of day balancing procedures, follow company policies and utilize the core data processing system and various software applications, including electronic banking services. We are seeking candidates who are punctual, honest, friendly, and have outstanding communication skills. Please see the job description for a full list of duties. Resumes may be submitted to Sondra Manon at smanon@midcomm.org.

Midwest Community Federal Credit Union is an Equal Opportunity Employer.

Thanks for looking!

Unfortunately, there are no openings at this time.

Be sure to check back later or follow us on
social media for hiring announcements.