410-534-4500 | 1-800-JHFCU-70 jhfcu.org WINTER 2023 JOHNS HOPKINS FEDERAL CREDIT UNION Tax Tips It’s almost that time of year again! It’s no secret taxes can be stressful, especially when you’re filing by yourself. Make tax season a little less taxing with a few tips from JHFCU: • Be prepared. Before you file, look into what exemptions and credits you’re eligible for, and gather any necessary documents (receipts, paystubs, invoices, etc.) before you start to file. Spending a little time getting everything organized and accounted for can save you hours. • Don’t wait until the last minute. This might seem obvious, but when you’re under the wire you’re more likely to make mistakes that will have to be amended down the line. Save yourself a headache and any back and forth with the IRS, and give yourself plenty of time to fill out, review, and file your taxes. • Know when to bring in a professional. Let’s face it, taxes can be tough no matter how prepared you are. Investment income, side businesses, major life changes—all of these things can make figuring out your tax situation less than straightforward, but TurboTax can help. TurboTax takes the guesswork out of filing, walking you through the process and showing you tax credits that you might not have even known you’re qualified for. If you get stuck, they have a dedicated team of tax professionals standing by. Plus, as a JHFCU member, you can save up to $15 when you file with TurboTax.* *Visit http://turbotax.intuit.com/lp/yoy/guarantees.jsp for TurboTax product guarantees and other important information. Limited time offer for TurboTax 2022. Discount applies to TurboTax federal products only. Terms, conditions, features, availability, pricing, fees, service and support options subject to change without notice. Intuit, TurboTax and TurboTax Online, among others, are registered trademarks and/or service marks of Intuit Inc. in the United States and other countries. Financial Fitness? No Sweat! Every year, one of the most frequently reported New Year’s resolutions is improving financial health, and JHFCU has the tools to help! One of the perks of JHFCU membership is access to a variety of financial tools and resources available through online banking and the JHFCU website. Our resolution for 2023 is to empower our members to take control of their finances, so you can meet—and exceed—your goals this year and every year. MoneyMap is the perfect resource if you want to stay on top of your spending in 2023. Create your budget, then track it to see where and how you’re spending. Thinking of saving up for something big? You can create speculative budget to figure out exactly how much to put aside and when you’ll reach your goal. Building and maintaining good credit is fundamental to financial wellness. Getting started can feel overwhelming, but luckily SavvyMoney. View and monitor your credit, compare rates on personalized offers, and read up on how to keep your credit healthy. Not sure where to start? Let GreenPath point you in the right direction. Get a picture of your financial health, access debt counseling services, and browse their catalogue of educational resources. No matter where you are in your financial journey it never too early, or too late, to take control of your money.
2 MONEYMATTERS | Winter 2023 Consolidate and Save! A JHFCU Anything Loan or Visa® Credit Card can help you consolidate your debt and save on interest, so you can work on becoming debt-free in 2023. Are you paying on multiple credit cards? Instead of trying to keep up with multiple due dates and interest rates, transfer your balances to a JHFCU credit card. We offer different cards depending on your needs, so whether you’re trying to build credit, pay down your balance, or get rewarded for everyday purchases, JHFCU can help. Best of all, our cards have no balance transfer fee,* so moving money over is painless. Are you paying on one or more high-interest loans? When emergencies come up, we don’t have time to shop around. When time is of the essence, our number one priority is how quickly we can get a loan, not necessarily rates and terms. But you don’t have to live with a less-than-optimal loan when you can pay it off with a JHFCU Anything Loan. The Anything Loan offers competitive rates, flexible terms, and quick funding, so you can save on interest and simplify your spending. Do you have multiple accounts and having trouble keeping up? Due dates slip everyone’s minds sometimes, and the more you have, the easier it is to miss one. Instead of trying to keep up with multiple payments every month, consolidate and save with a JHFCU Anything Loan. Anything Loans are for just that—anything! Consolidate credit card debt, loan debt, or both into one easy monthly payment. *Fee for foreign purchases is 1% of each transaction in U.S. dollars. Cash advance fee is $5 or 2% of the amount of each advance, whichever is greater. Geneva Barnes Service Award Geneva Barnes was hired as the Credit Union’s second employee in 1973, and for over 25 years she served members with dedication and compassion. Since her passing in 2007, we’ve honored and upheld her legacy every year by acknowledging an employee who has exhibited superior service and exceptional commitment to the Credit Union with the Geneva Barnes Service Award. We are thrilled to acknowledge Patrice Harold as our 2022 winner! Patrice is the Assistant Branch Manager at the East Baltimore Branch. Members and coworkers alike describe her as dedicated, patient, and above all, compassionate. Her devotion to the Credit Union and our membership is made clear by countless member reviews detailing her kindness, her knowledgeability, and, when necessary, her tough-but-fair approach. We’re immensely proud to recognize Patrice as someone who truly exemplifies the spirit and values of Geneva Barnes. The winner receives a plaque and a monetary award, plus a $500 donation to a charitable organization of their choice. A permanent plaque listing the winners hangs in JHFCU’s administrative headquarters office. We would also like to recognize our JHFCU Star Performer Award recipients. Star Performers are recognized for going above and beyond their duties to provide outstanding support for both members and colleagues. We are pleased to announce our winners: Deborah Johnson, Tarryn Conry, Tina Horn, and Richard Startt. PRIVACY NOTICE Your privacy is extremely important to us. Visit our website at jhfcu.org to view a copy of our privacy policy. L–R: JHFCU President and CEO Keith O’Neil, Deborah Johnson, Patrice Harold, Tarryn Conry, Tina Horn, Richard Startt
MONEYMATTERS | Winter 2023 3 2023 Annual Meeting & Board Nominees Please join us for our Annual Meeting, May 10, 2023. The meeting will be held at the John Hopkins University Glass Pavilion at Levering Hall, 3400 N. Charles Street, Baltimore, MD 21218. The individuals listed below are the four candidates for the 2023 Board of Directors Election. Open positions on the Credit Union’s Board of Directors are filled by election from the membership at the Annual Meeting, held in the spring of each year. At that time, a slate will be submitted by the Nominating Committee with one nominee for each position to be filled. The slate this year is comprised of the nominees above. Anyone interested in becoming a board member is invited to express his or her interest in serving the Credit Union by writing to the Nominating Committee, c/o Credit Union President, 2027 E. Monument Street, Baltimore, MD 21205. A current resume should be included. Sharon A. Kemp Ms. Sharon Kemp served as part of The Johns Hopkins Hospital/Health System’s Department of Human Resources team for 17 years, most recently as Executive Director, HR Central Services for the Johns Hopkins Health System. She left JHHS in 2018 and has started her own business as franchise owner of Budget Blinds. Prior to working at Hopkins, Ms. Kemp worked for 23 years at Bank of America in various Human Resource/Compensation positions including Vice President of Compensation Consultant. Ms. Kemp holds an undergraduate degree in Business from Notre Dame of Maryland and her MBA from Loyola University Maryland. She obtained her CCP (Certified Compensation Professional) in February 1991 and her SPHR (Senior Professional in Human Resources) in December 2011. Ms. Kemp currently serves as the Chairperson of the Board and is on the Strategic Planning Committee. She has been a member of JHFCU since 2004. Mark Bailey Mr. Mark Bailey is the Senior Associate Dean for Finance and Administration at Johns Hopkins SAIS and is also serving as Interim Sr. Director of Finance and Administration for the Sheridan Libraries and Museums. Mr. Bailey started at Johns Hopkins University in 2011 as a Research Administration Trainee and was a Sr. Financial Analyst in the Whiting School of Engineering Dean’s Office before transferring to Johns Hopkins Technology Ventures (JHTV). At JHTV he served as Associate Director and Sr. Manager of Finance and Administration and as Director of Finance and Administration. Mr. Bailey has a Master of Business Administration from the University of Baltimore/Towson University, and a BS in Business Administration from the University of Baltimore. He joined JHFCU in 2015 and became a Board member in 2018. He serves on the Asset-Liability Management, Advocacy, Strategic Planning and Appeals Committees and has served on the Credit Union’s Advisory Council. Lisa Moore Ms. Lisa Moore is a Project Leader, IT@JH Health IT. She started at Johns Hopkins in 1994 as a Database Administrator and has held multiple positions within the department. Ms. Moore has a BS in Computer Science from North Carolina State University and a BA in Spanish from Towson University. She has been a member of JHFCU since 1997, joined JHFCU’s Board of Directors in 2019, and is on the Strategic Planning, Contingency Planning, and Advocacy Committees. Ms. Moore also serves as Chair of an internal audit committee for a non-profit group, which requires her to facilitate periodic reviews of all financial processes and documentation compliance. Carlos Tobar Mr. Carlos Tobar is the Knowledge Transfer Principal for Johns Hopkins Medicine International for the Saudi region and oversees, among others, the Johns Hopkins Aramco Healthcare (JHAH) project. He joined Johns Hopkins International (JHI) as a Director for the Latin America region in October 2011. A native of Ecuador, Mr. Tobar previously worked as CEO and Co-Founder of Advento, S.A., a Project Management Company, in Quito, Ecuador. Additionally, he held the position of Business Development Manager/Credit Manager for Sumitomo Corporation Del Ecuador S.A. He also spent two years at Citibank in MIS and as a Financial Institutions Relationship Manager. Mr. Tobar has a degree in Chemical Engineering from Escuela Politécnica Nacional in Quito and an MBA from George Washington University, where he attended as a Fulbright Scholar. He has been a JHFCU member since 2011.
HOLIDAY CLOSINGS Martin Luther King Jr. Day Monday, January 16 Presidents’ Day Monday, February 20 You can access your accounts via Online Banking, the JHFCU Mobile Banking App, TeleBranch 24 and ATMs. 4 MONEYMATTERS | Winter 2023 College Scholarship Opportunity Are you headed off to college or trade school in 2023? Johns Hopkins Federal Credit Union is pleased to announce a college scholarship opportunity to make it easier for you to meet tuition costs. The $12,000 Credit Union College Scholarship Program for 2023, offered through the Credit Union Foundation, is underway now! Our college-bound members are eligible to apply for one of ten $1,000 essay-based scholarships, one $1,000 video-based scholarship, and one $1,000 photo-based scholarship. And yes, you may apply in all three categories. ESSAY-BASED SCHOLARSHIP – This year’s essay topic: More than two-thirds of people in America are not financially healthy. How would you define financial health? Describe how your credit union has helped you understand how to manage your money. (750 word maximum) VIDEO-BASED SCHOLARSHIP – This year’s video topic: To be financially literate, or financially healthy, is to know how to manage your money. Show one lesson you’ve learned about managing your money PHOTO-BASED SCHOLARSHIP – Capture an original photograph that represents the credit union value of “Cooperation.” Any credit union member entering their freshman through senior year of college or trade school may apply. Look for the link and information on jhfcu.org, or visit cufound.org. The deadline for applications is March 31, 2023. Awards will be made in May 2023. Johns Hopkins Federal Credit Union, The Credit Union Foundation MD|DC, and their generous supporters make this scholarship program possible. 410-534-4500 800-JHFCU-70 jhfcu.org Members: 42,085 Assets: $621,631,773 Call Center 410-534-4500 • 1-800-JHFCU-70 M,Tu,Th,F 8:30 a.m.–5:00 p.m. Wednesday 10:00 a.m.–5:00 p.m. Branch Locations Hours: M,Tu,F 8:30 a.m.–4:00 p.m. Wednesday 10:00 a.m.–4:00 p.m. Thursday 8:30 a.m.–5:00 p.m. East Baltimore Branch 2027 E. Monument Street Baltimore, MD 21205 24-Hour Drop Box available Homewood Branch 4 E. 33rd Street Baltimore, MD 21218 Bayview Branch 5201 Alpha Commons Drive Baltimore, MD 21224 24-Hour Drop Box available Administrative Office Canton Crossing Tower 1501 S. Clinton Street, Suite 1200 Baltimore, MD 21224 Lost or Stolen ATM, Debit or Credit Card 410-534-4500 • 800-543-2870 Press 2 to speak with a representative After Hours: For ATM/Debit Card, press 5 For Credit Card, press 6 MoneyMatters is published by the JHFCU office staff. The views expressed do not necessarily reflect those of The Johns Hopkins Hospital or University administration. Address all correspondence to: Johns Hopkins Federal Credit Union c/o Editor, MoneyMatters 2027 E. Monument Street Baltimore, MD 21205 Federally insured by NCUA
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