January 2024 Newsletter

Chester Branch Now Open!

We’re thrilled to announce that our new branch is now open for business! The new branch is outfitted with full-service ATMs both outside and inside, with self service and live teller capabilities. The Homebase family you know and love is ready to greet you and support your financial journey. We’d love to serve your family, friends and neighbors as well, so spread the word! Stop by and visit us at 13200 Bermuda Orchard Lane, Chester, VA 23836.

Set Your Financial Goals for the New Year

The New Year is considered a time for renewal, with new beginnings and resolutions. Your household finances should be a part of this process! Periodic financial checkups provide an opportunity to assess your financial health, make necessary adjustments, and set yourself up for future success. In fact, here are the top four benefits of having regular financial checkups:

Improved Financial Awareness
By reviewing your income, expenses, debts, and assets, you will gain a more complete overview of your financial health. This allows you to identify areas for improvement, track your progress, and make informed decisions about your financial future.
Identification of Financial Goals
Whether you aim to pay off debt, save for retirement, purchase a home, start a business, or fund your child’s education, reviewing your finances enables you to evaluate whether your goals are still aligned with your current situation. It allows you to fine-tune your goals, establish a plan, and take proactive steps to achieve them effectively.
Effective Budgeting & Spending
By evaluating your income and expenses, you can identify areas where you could cut unnecessary costs. A budget will help you allocate funds towards savings, investments, and debt payments, improving your financial stability and progress toward your goals.
Debt Management & Reduction
By assessing your outstanding loans, credit card balances, and interest rates, you can determine the most efficient ways to pay off your debts. Establishing a plan to reduce debt can help alleviate financial stress and improve credit scores.

Ready to get your finances prepped for 2024?

Set up a financial checkup with one of our team members!

$5,500 in Scholarships to Award!

We will award four merit-based scholarships to high school seniors within our membership! Applications will be available in mid-January at both branches and online. Students should complete and submit applications with letters of recommendation and transcripts by end of business Friday, March 15, 2024. Winners will be contacted in April.

Any high school senior who is a Homebase Credit Union member and entering into any area of study at a two- or four-year college/university, or pursuing a certificate or technical degree at a career or technical school is encouraged to apply. Four scholarships are available:

One (1) award of $2,500
Three (3) awards of $1,000 each

Details & Applications

Search our Enrich database with 18,000+ scholarships totaling over $197 million!
Get started at homebasecu.enrich.org/scholarships

Over $41,000 Donated to the Community in 2023

Homebase CU proudly supports our community through education, volunteering, and donations. Throughout 2023, we provided giveaways for community events, led educational activities at schools and businesses, supported our military on Fort Gregg-Adams, offered free webinars on financial topics, and donated to many worthy causes in our service area. Our monetary donations throughout 2023 totaled over $41,000. We love giving back to the communities where we and our members live and work.

Pictured here are two of our latest donations. More than $16,000 was raised through our annual dinner meeting and golf tournament, which was presented to Service Dogs of Virginia (left). Our team was happy to meet athletes from Virginia Special Olympics, presenting a donation of $2,000 (right). We look forward to many opportunities to serve our membership areas in 2024. Our online request form for donation or volunteer support is located at homebasecu.org/giving.

group presenting check to Special Olympics

Save on TurboTax^® and H&R Block^®2

Credit union members can get special savings this tax season. Whether you file on your own with TurboTax or get help from an H&R Block tax pro, you’re guaranteed to get your biggest possible refund.

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Mark These Upcoming Dates

HOLIDAY CLOSINGS:

New Years Day: January 1
Martin Luther King Jr Day.: January 15
Washington’s Birthday: February 19

1) Message and data rates may apply.

2) Visit https://taxservices.lovemycreditunion.org for TurboTax and H&R Block offer details and disclaimers.