twenty4ever a newsletter for Alliant Credit Union young adult members September 2012

1 Yes, you can go home again 2 2012 Members Scholarship

Yes, you can go home again
In the 1930s, Thomas Wolfe wrote the celebrated novel, “You can’t go home again.” But, today’s youth are proving him wrong. In fact, a whopping 42% of American college graduates (ages 18 to 29) now live with their parents, according to a 2012 report by Pew Research Center. Today’s Great Recession is generally cited as the cause, as many college graduates enter today’s economy armed with a degree, but saddled with hefty student loan debt and subject to dim prospects for a well-paying job. realistic and timely). Continue job hunting if your career is stuck in neutral. Set aside a portion of your incoming money for savings. And establish a timeline for when you want to move out and live on your own. Revisit and rethink your situation as needed. 2. Establish clear ground rules with your parents. To enjoy a positive relationship with your parents, it’s vital to be on the same page with them in terms of expectations and responsibilities. Will you need to chip in for rent, groceries or other expenses? Do you need to avoid certain behaviors, such as playing your music loud or staying out all night? Try to get as specific as possible about your parents’ requirements and preferences so you know what’s expected of you.


October Savings Dividend DECLARED AUGUST 16, 2012

The October 2012 Savings and IRA dividend, declared 08/16/12, provides a Compounded Annual Percentage Yield of

0.80% APY

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.
October Checking Dividend DECLARED AUGUST 16, 2012

Fortunately, there’s a safety net that many have found: Mom and Dad. Living under their parents’ roof has helped many young people save money and become fiscally responsible as they progress toward a career and financial independence. In fact, 78% of the young people who have returned home are upbeat about their living arrangements, according to the Pew report. And 24% say that this experience has helped them improve and enhance their relationship with their folks. While living at home again may appear far less preferable than having the economic means to live on one’s own, it’s an option that you or your friends may need to consider. Here are some tips on making the best of this situation. 1. Keep your eye on the prize. Become clear about your long-term goals and steadily take steps to accomplish them. Make sure your goals are SMART (that is, specific, measurable, achievable,

The October 2012 High Rate Checking dividend, declared 08/16/12, provides a Compounded Annual Percentage Yield of

3. Look for ways to pitch in. It’s good form to do your own laundry, clean your dishes, lend a hand with yard work and tidy up any mess you find. Also, be prepared to make your own meals and help prepare family meals. In general, take the initiative when you see an opportunity to be helpful. 4. Act adult to grow and be treated as an adult. Going back home doesn’t mean going back to privileged teenage ways. For one thing, upgrade your bedroom if it looks childish. Now is a good time to strengthen your relationship with your parents by communicating maturely with them and becoming the adult you want to be.
Sources:,,,,, and

0.75% 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.


dollars for scholars

2012 Members Scholarship winners
Alliant recently selected five members to receive $2,000 each in this year’s Members Scholarship Program. They were among more than 100 applicants evaluated on their academic performance, community involvement, personal goals and what Alliant means to them. Congratulations to the winners: Jessica Franz, of Bloomingdale, IL, is a freshman at Tulane University in New Orleans, LA. She plans to major in environmental science and architecture. Graduating 2nd out of a high school class of 632 and scoring in the 99th percentile on her ACT test, Jessica participated in her school’s Spanish Club and Earth Club and played on its volleyball and soccer teams. She also volunteered to help the homeless with PADS through her church. “Vocationally, I plan to bridge my study of environmental science and architecture by pursuing a master’s degree in sustainable real estate development and by designing ‘green buildings.’ I want to join the Peace Corps and help repair the environment in third-world countries.” Kali Masamoto, of Carlsbad, CA, is a freshman at Whitman College in Walla Walla, WA. If you were among the 50 million TV viewers of the Macy’s 2011 Thanksgiving Day parade in New York City, you may have noticed Kali. A flutist extraordinaire, she marched in the prestigious invitation-only Macy’s Great American Marching Band. An A+ student, Kali played in her school band, served as an editor on its newspaper and earned money giving piano lessons. “I look forward to a crazy, albeit thought-provoking course load at college. I want, in no particular order, to become fluent in Spanish, study in Japan and join the Peace Corps. I really want to improve people’s lives and I plan to be a high school band teacher for at-risk kids.” Nicole Naramura, of Dublin, CA, transferred this fall to UCLA in Los Angeles, CA, from Las Positas Community College in Livermore, CA. She is a human biology and society major. Growing up in a high-crime neighborhood and lacking medical insurance for half her life, she became a community activist and serves as president of Students for Social Justice. She also volunteers to help teenagers who had failed math to rebuild their confidence and master math in a fun way. “I plan to go to medical school and study preventative medicine. I would like to provide free health care and medicine for people in the third-world countries. And I’m committed to being a social activist who helps people create healthier communities.” Crystal Romero, of Vacaville, CA, is a freshman at Stanford University, in Stanford, CA, who plans to major in biology. Valedictorian of her high school, she served as its student council vice president and Spanish club president. When her soccer coach wanted to give her an award, he created one for her: “The Just Plain Awesome Award.” Crystal is also a pianist and busy community service volunteer. “Crystal Romero: Doctor of Osteopathic Medicine. I can image that job title now. It’s my mission. I want to eliminate the dreadful diseases that affect us today and I itch at every opportunity to explore medicine in its entirety.” Finianne Umali, of Kensington, CA, is a senior at Union College in Lincoln, NE. She is a pre-med student, majoring in international rescue and relief. At school, she tutors students in chemistry, plays on the varsity volleyball team and leads tours for prospective students. Her missionary work has taken her to Ecuador, Haiti, Malaysia and Mexico. “After traveling to Haiti after its 2010 earthquake, I found my life’s calling: providing medical care to people in need. At school, I’ve become trained to provide disaster-relief aid. I look forward to becoming a pediatrician and to help advance medical techniques and services in underprivileged countries.”

office 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

Columbus Day –Monday, October 8, 2012 Veterans Day –Monday, November 12, 2012 Convenient 24/7/365 account access • Online banking at • 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

Mortgage Hotline 800-328-1935, option 5, option 1 Mon–Fri, 8am–5pm CT Auto/Home Insurance 888-380-9287 Mon–Fri, 6am–10pm CT Sat, 6am –8pm CT GreenPath® Debt Solutions 877-337-3399 Mon–Thu, 7am–9pm CT Fri, 7am–6pm CT Sat, 8am–5pm CT Alliant Retirement and Investment Services Financial Advisors are available to serve members in all states. Call 800-328-1935, option “9.”

NEW 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 financial or legal research. Articles in this newsletter are not intended to be used (and may not be relied on) for penalty avoidance.

For Alliant Branch locations, Your savings federally insured to at least $250,000 full Alliantand backed by theBanking, the OnlineStatesfaith and credit of and United Government product and service information, visit our National Credit Union Administration, webGovernment Agency site: a U.S.

Your savings federally insured and backed by the full faith United States Gov

National Credit Union A a U.S. Governmen

Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government

PO Box 66945, Chicago, IL 60666-0945

National Credit Union Administration, a U.S. Government Agency

VISA Gift Card Purchase: 800-328-1935 Support Center: 866-466-2362

Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government

National Credit Union Administration, a U.S. Government Agency


Sign up to vote on this title
UsefulNot useful