Page 4 - Jolt Credit Union 2020 Summer Newsletter
P. 4

TEENS! WHY IS YOUR

          HISTORY IMPORTANT?


          You will need a glowing credit history and
          score for a few things you will probably
          want in the near or distant future:

            †   Buying a vehicle. Getting a good
               financing deal requires a good credit
               history.
            †   Getting a cell phone. If your
               credit history is poor, you may be
               denied a cell phone contract.
            †   Renting an apartment. Many
               landlords use credit reports to
               determine responsibility and to             For members
               see if you have too much debt to           13 – 17 years old
               afford the rent.
            †   Getting a job. As with renting an
               apartment, an employer will look at your credit report to see how responsible you are.
            †   Qualifying for low insurance rates. You won’t be offered the lowest car insurance premiums
               if you have a low credit score.
            †   Buying a home. Yes, one day you may want to buy your own home, and in order to get the best
               interest rate on a mortgage, or even be able to get one at all, you’ll need a great credit history.



                            Check your credit reports for accuracy at least annually.
                                  To access your annual free reports you can contact:
                 Annual Credit Report Request Service www.annualcreditreport.com • (877) 322-8228


          OVER $2 MILLION IN SCHOLARSHIPS

          AWARDED TO MEMBERS


          Jolt Credit Union was honored
          by the State of Michigan for the
          Monsignor Forbes Scholarship.
          More than $2 million dollars in
          scholarships have been awarded
          since 1982. Representative
          Vanessa Guerra, from the 95th
          District, presented the recognition
          to the Board of Directors and
          trustees at Jolt’s Annual Meeting
          on March 7th at the DoubleTree
          Hotel Bay City – Riverfront.

          In 2020, $76,800 was awarded
          to 180 students.

          Pictured L-R: David Beyerlein, Diane Fong, Jerd Clayton, Representative
          Vanessa Guerra, Bridget Staffileno, Alan Watson, Matt Starke
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