twenty4ever

www.alliantcreditunion.org a newsletter for Alliant Credit Union young adult members June 2013

contents
1 Information interviewing 101 2 What makes credit unions

Information interviewing 101

Interested in getting the inside scoop about a career or company youre interested in? Want to connect with people who are already working in your eld of interest? Then consider the information interview. Its a way to job hunt without actually asking people for a job. Instead, you ask for insight, advice and referrals. Bottom line though, information interviewing is an effective job hunting tool. While one out of 200 resumes some put the number as high as 1,500 resumes results in a job offer, one of 12 informational interviews results in a job offer, according to Katharine Hansen, author of A Foot in the Door: Networking Your Way into the Hidden Job Market. Do you feel anxious or shy about asking for an interview? Relax. Keep in mind that many people love to feel like an expert, enjoy talking about their work and welcome the chance to help young people start a career. still, ask to have your discussion take place at the persons ofce so you can scope out the work environment.

better for you than banks?

Alliant answers the call for community service

3. Write down questions youd like to ask, such

as:

How did you get into this profession? Whats a typical day like at work? Whats the company culture? What do you like best and what do you dislike the most about the work? What skills or training are important for people to thrive here? What advice do you have for me in terms of getting into this line of work? Will you suggest other people I might see for additional information interviews? And may I use your name as a contact?

DIVIDEND
June Savings Dividend DECLARED MAY 23, 2013

The June 2013 Savings and IRA dividend, declared 05/23/13, provides a Compounded Annual Percentage Yield of

0.70% APY

4. Act and dress professionally. Smile, be

personable and enjoy the conversation.

Dividends are paid on the last day of the month to accountholders who have maintained an average daily balance of $100 or more. Savings dividend is subject to change monthly.
June Checking Dividend DECLARED MAY 23, 2013

5. Bring your resume in case youre asked for

it. Remember, its an information interview, so its a no-no to ask about job vacancies at the company. But be open to discuss them if your interviewee brings up the topic.

6. Send a thank-you note the next day and

periodically keep the interviewee in the loop on your job hunting progress. To develop your pitch for an information interview, consider a basic format suggested by Katharine Hansen: Hi, my name is ___________. I will be graduating/I just graduated from _________ with a degree in __________. Im looking to ________. I recently _______. Can I take you out for a coffee sometime to elicit your advice?
Sources: nwmissouri.edu, forbes.com, travisafrc.com and lardbucket.org

The June 2013 High Rate Checking dividend, declared 05/23/13, provides a Compounded Annual Percentage Yield of

Here are the basics: 1. Select a person in a career or company that

interests you. Do an Internet search on LinkedIn and other sites to learn about the person and company.

0.65% APY

Checking dividends are paid on the last day of each month to accountholders who meet the requirements of the account. Checking dividend is subject to change monthly.

2. Ask for a 20-minute information interview.

Ask to take the person out for coffee. Better

dont let them tax Alliant

What makes credit unions better for you than banks?

You and 96 million Americans (including 277,000 Alliant members) can enjoy great rates on savings and loans because you belong to a credit union, a notfor-prot nancial institution organized to help members achieve and maintain their nancial well-being. People sometimes wonder how credit unions like ours can offer such great rates and they think, There must be a catch! But theres no nancial sleight of hand involved. Whats involved is the basic difference in mission and operation between a bank and a credit union. A bank is a for-prot business owned by shareholder investors. A measure of a banks success is how much prot it makes from its customers and distributes to its shareholders. To maximize prots, banks pay lower rates on deposits, charge higher rates on loans and assess more and higher fees. Credit unions operate on a totally different principle. For one thing, when you join a credit union, youre not a customer youre a member and an owner. Credit unions are not-for-prot cooperatives owned and operated for the benet of members, such as you. In a credit union, all income after expenses is distributed to its members (with a portion maintained in capital reserves to preserve the institutions safety and soundness). In fact, a credit unions mission is to maximize the returns to its members through high savings dividends, low loan rates and low fees. In short, while banks make money from their customers, credit unions (such as Alliant) make money for their members. Although credit unions pay payroll taxes, sales taxes and property taxes, they have been exempted from federal incomes taxes since 1937. This exemption is a result of our cooperative, not-for-prot model and enables credit unions to maintain the economic wherewithal they need to provide nancial advantages for members. But will this exemption survive given todays tax-reform-minded Congress and all that has been going on in the nancial services industry in the last several years? If you want to learn more about the credit union tax exemption and help preserve it, then visit DontTaxMyCreditUnion.org. Its a website created by the Credit Union National Association, where you can watch an educational video and take action to email your members of Congress. Meanwhile, at Alliant, members like you are our rst priority, and your interests serve as our North Star in guiding our decisions.
Sources: creditunionmagazine.com, donttaxmycreditunion.org and time.com

Alliant answers the call for community service

In 2004, Alliant formalized its commitment to community service and charitable causes by establishing its Civic Affairs Committee, consisting of more than 20 employees. Active year-round, Civic Affairs recently sponsored Alliants 6th Annual Spring Fling Clothing Drive and the ongoing coordination of nancial literary courses taught in Chicago area schools by Alliant volunteer teachers. Helping students make the grade in nancial literacy. Jill Okolita, Alliants human capital information systems manager, teaches 8th graders about how to manage checking and savings accounts. Jill is one of 40 Alliant employees who volunteer to teach a series of four one-hour classes to middle school students. The curriculum is called Banking on our Future and was developed by Operation HOPE, a national organization that helps people succeed through nancial literacy and economic empowerment. The class pictured here took place on May 1, 2013, at Algonquin Middle School in Des Plaines, IL. A special guest, Congresswoman Jan Schakowsky (D-IL), also visited to share her support for the program.

How many bags do you think it takes to hold all the thousands of gently used clothing that Alliant employees contributed to this years Spring Fling Clothing Drive? One hundred and fty bags, according to Store Manager Michael Pierce, who accepted the donation at the Goodwill Store and Donation Center in Des Plaines, IL, on May 1, 2013. The sales of donations to Goodwill help fund job training programs, employment placement services and other community-based programs for people who have disabilities, lack education or job experience, or face employment challenges. (Left to right) Alliant Technical Implementation Manager Terry Hagio, Alliant President and CEO David Mooney, Alliant Member Benets Team Leader Danielle Snowden and Goodwill Store Manager Michael Pierce. (Terry and Danielle are Alliant Civic Affairs Committee members who coordinated the clothing drive.)

ofce closings
Alliant will be closed in observance of the following holidays:

dial direct: Alliant is there when you need us Alliant Member Contact Center 800-328-1935 24/7 personal assistance tdd/tty 773-462-2300 Self Service Telephone (SST) 800-482-5328 24/7 automated account access VISA Debit Card 800-328-1935 VISA Credit Cards 24/7 Member Service/ Account Info/Lost or Stolen: 866-444-8529 VISA Gift Card Purchase: 800-328-1935 Support Center: 866-466-2362 Mortgage Hotline 800-328-1935, option 5, option 1 MonFri, 8am5pm CT Auto/Home Insurance 888-380-9287 MonFri, 6am10pm CT Sat, 6am8pm CT GreenPath Debt Solutions 877-337-3399 MonThu, 7am9pm CT Fri, 7am6pm CT Sat, 8am5pm CT Alliant Retirement and Investment Services Financial consultants are available to serve members in all states. Call 800-328-1935, option 9. Deposits/Payments PO Box 2387 Des Plaines, IL 60017-2387 Credit Card Payments PO Box 1666 Des Plaines, IL 60017-1666 All Other Correspondence including IRA and HSA deposits Attn: IRA/HSA Dept. PO Box 66945 Chicago, IL 60666-0945
This newsletter is for members personal use only. Reproducing and/or selling the contents of this newsletter without prior written permission from Alliant Credit Union is prohibited. Copyright Alliant. Articles are prepared as an educational service for Alliant members. They should not be relied on as a substitute for individual nancial or legal research. Articles in this newsletter are not intended to be used (and may not be relied on) for penalty avoidance.

Independence Day Thursday, July 4, 2013 Labor Day Monday, September 2, 2013 Convenient 24/7/365 account access Online banking at www.alliantcreditunion.org Mobile banking app for Android, iPhone and iPad Member Contact Center at 800-328-1935 Self Service Telephone at 800-482-5328 Over 80,000 surcharge-free ATMs nationwide Alliant Headquarters 11545 W. Touhy Avenue Chicago, IL 60666

For Alliant Branch locations, Alliant Online Banking, and product and service information, visit our web site: www.alliantcreditunion.org

PO Box 66945, Chicago, IL 60666-0945

www.alliantcreditunion.org

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