Host a winning Super Bowl party without losing your budget

Football Fans - Touch Down

If you’re anything like us, you probably aren’t traveling to Phoenix for the big game this Sunday. Though watching the game from home is cheaper than being in the stands, hosting a party can still be pretty pricey—it’s estimated that Americans spend around $11 billion dollars on Super Bowl Sunday. IHMVCU wants to help keep your party from breaking the bank. Here are some tips to throw a party that’s fun for your friends and friendly for your wallet!

Super Bowl parties are casual by nature, so it’s okay to ask guests to contribute to the spread. If you’re tired of the usual potluck, consider a baked potato bar. A big bag of potatoes costs around $4 and you can easily prepare enough for a crowd in the slow cooker. Just wrap the potatoes in foil and cook on low for 8 – 10 hours. Have guests bring their favorite potato toppings, like cheese, broccoli, and crumbled bacon. Spice it up by making a large batch of chili for around $1 per serving.

Save even more by using any leftovers in your menu for the next week. Strip the meat from chicken wings to make tacos or enchiladas. You can even crush leftover potato chips to make a crunchy coating for fried chicken. If your guests left a few unopened beers lying around, try using it to braise a roast. Craft beers especially have enough flavor to liven up even the cheapest cuts of meat.

If you’re asking your guests to bring food, you may want to provide some of the drinks. Use coupons to buy two-liter bottles of soda and mixers if your guests might need them. Instead of shelling out cash on bottled waters, make your own flavored waters. Try adding sliced cucumber, lime, and mint leaves to a large pitcher of water. It’s easy and refreshing.

Alcohol is arguably the most expensive part of any party. Since people’s tastes and drinking habits vary, have guests bring their own alcohol. Have some fun by asking beer drinkers to bring enough of their favorite brew to share and do a swap.

Your guests are probably more concerned with the score than your décor, so don’t go all out. Instead of decking out the living room, try decking out your friends. Ask guests wear their team’s colors and make face paint with stuff from your pantry. All you need is cold cream, corn starch, and food coloring. Easy directions here.

What are some of your favorite money-saving party tips?

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Supercharge Your Retirement

IRA_headerWhether you plan to work for three more years or 30, it’s important to have a plan for your future. Even if you have a 401(k) or another tax-advantaged savings plan through work, IRA certificates can benefit your retirement portfolio. They combine the fixed-rate of traditional certificates with the tax benefits of an IRA. Whether you go with a Roth IRA that provides tax-free growth or the upfront advantages of a traditional IRA, you keep more of your retirement money and put less into Uncle Sam’s pocket.

IRA certificates are low risk when compared to other retirement investments. Unlike stocks and bonds, your deposit is federally insured so it grows safely no matter what happens in the market. Plus, your rate of return is guaranteed over the term of your deposit, making it easy to plan around your income.

You work hard for your money, and you deserve to enjoy it. IHMVCU wants to supercharge your retirement by offering special rates on IRA certificates. For a limited time, you can earn 0.90% APY on a nine month IRA certificate, or 1.46% APY on a 26 month IRA certificate*.

If you’re ready to open an IRA or need more information, come visit us at any branch. No matter where you are on your financial journey – You’re Worth More at IH Mississippi Valley Credit Union.

*APY = Annual Percentage Yield. Rates accurate as of 01/21/15. $500 min. balance. Early withdrawal penalties apply. Rate does not apply to existing IHMVCU certificates or IRA certificates. Other rates and terms available. Federally Insured by NCUA.
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IHMVCU Newsletter – Winter 2015

Your copy of the Winter Newsletter will be arriving in your mailbox this week!

Featured Articles:cover
Estate Planning Seminar
Tax Tips
Cash for Class Scholarship
Supercharge your Retirement

Click here to read the entire newsletter early.




FCT_seminar  tax_tips scholarship  IRA

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IHMVCU wants to give you Cash for Class


Overwhelmed by the idea of paying for you or your family’s college education? Don’t panic! Let IHMVCU help.

We recommend the “Free, Cheap, Gap” approach to paying for college. Utilize free student aid, like scholarships and grants, and cheap low-to-no interest Federal Direct Loans before looking for other sources. The gap is what’s left once scholarships, grants, and government loans have been awarded.

Free Money
Need help finding scholarships? IHMVCU is giving away $26,000 in Cash for Class scholarships to members who excel in school and their communities. Members in every area we serve are eligible to apply. We award $1,000 scholarships to nine students in the Quad Cities area, and two each in Galesburg, Monmouth, Prophetstown and Kewanee, Ill., and Burlington and DeWitt, Iowa.

We also offer two scholarships for family members of IHMVCU employees and board members, two for members and/or employees of the Boys and Girls Club of the Mississippi Valley, and one to a current or incoming student at Carl Sandburg College in Galesburg.

We’re accepting applications now through Feb 27!

To find out more about how IHMVCU can help pay for your family’s education or to apply for the Cash for Class scholarship visit

Filling the Gap
After the free and cheap money is used, consider a student loan from IHMVCU to help pay for the rest. Our student loans are different than other private loans because they’re based on a line of credit, allowing members to apply once for their entire undergraduate career at a four-year institution. Loan amounts are certified by the school and limited to your cost of attendance after other aid is applied, so you’ll never borrow more than you need.

Plus, with no origination fees or prepayment penalties, you get a smart, responsible student loan that won’t leave you in a mountain of debt.

For more information about how we can help you fill the gap visit

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How to fit your budget to your resolutions

Saving more money is consistently one of the top New Year’s resolutions. It’s all well and good to resolve to save more, but a resolution does little good without commitment and a plan of action. IH Mississippi Valley Credit Union is here to help you develop a solid game plan for keeping your resolution in 2015!

You need backup
Develop a savings for emergency situations to handle car trouble, job loss or unexpected medical bills. Ideally, this reserve should bebetween three and six months of net income. Start small, but choose an amount to set aside with each paycheck and start packing it into the bank until you reach your emergency fund goal. Then, life’s little surprises don’t become life’s huge tragedies. Consider opening a savings account with IHMVCU to hold your reserves!

Ditch the bad habits
Meet multiple resolutions in one fell swoop. Americans spend an incredibly high amount of money on healthcare every year, but exercising regularly, quitting smoking and eating healthy are all viable ways to not only improve your health, but also make some room in your budget.

Opting for in-home exercises instead of a gym membership allows you to work out when it’s convenient for you, while saving you money. Quitting your smoking habit can save you thousands of dollars as well as lowering insurance rates and medical bills (and it makes it easier to exercise!). Eating healthier means more home-prepared meals, which in turn means eating out less, saving your family bundles.

Nominate a play maker
Choose someone to keep your family accountable for the budget you create. This means keeping the family updated each week on progress made toward savings goals, keeping tabs on the amount in each account and dispersing cash as necessary to each family member.

Deciding on a specific family member to keep everyone accountable not only keeps everyone motivated and informed, it also keeps the flow of money in and out of accounts in check. The tools available in IHMVCU’s Online Branch are indispensable to a family play maker, allowing for on-the-spot transfers, deposits, alerts and more!

IH Mississippi Valley Credit Union makes it easy to meet your goals! Check out all of our convenient services on our website, and start off a bright new year confidently!

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NYE Party

Breathe easier with these budget-friendly New Year’s Eve party tips

IH Mississippi Valley Credit Union knows that New Year’s Eve is one of the hottest nights of the year, but hosting a party ring in the new year can be costly. Trade in the party rentals and caviar for these money-savvy alternatives that’ll still have your guests toasting to you all night!

A New Year’s Eve party is not the time to serve an entire meal. Choose three to four hors d’oeuvres, single portion side dishes or desserts and use your creative powers to display the food in a way that’ll really wow your guests. Be sure to choose at least one food item that would appeal to picky eaters or children.

Where drinks are concerned, choose a signature cocktail or a punch bowl to accompany limited wine and beer choices. Forget the full bar, and save the champagne for midnight!

For a super thrifty way to feed guests, have everyone bring their own side, dessert or drink. Not only will there be something appealing for everyone, it’ll also save you the strain of preparing the eats.

Luckily, this is the age of Pinterest and an abundance of DIY ideas. If you can muster up some creativity for an hour or two, you can have party-worthy decorations with minimal costs. Invest in some spray glue and glitter, and you can make just about anything into a New Year’s Eve decoration.

Cover wine or champagne bottles in glitter and place them on the mantelpiece. Set tea lights in glass jars filled with glitter for extra sparkle. Drape white twinkle lights everywhere for magical mood lighting. Remember, if it glitters, it’s as good as gold for your party atmosphere!

For a digital party favor, design a photo backdrop using a white sheet, twinkle lights and 2015 signage (consider using free printables). If you have one, throw in an empty frame for cute posing ideas, and be sure to add balloons and glitter or confetti for extra flair.

If you don’t have time to create your own New Year’s Eve playlist on your iPod, find a playlist on Spotify or YouTube, or choose an appropriate Pandora station for a simple way to keep the beats going. Keep a space clear in the living room for dancing.

Pull out decks of cards and board games, or borrow them from friends and family for the night. Set a time for group games like charades, and don’t forget to count down to the ball drop!

Even a flashy party like a New Year’s Eve soiree can be done with minimal spending and still be fun for both the hosts and guests. However, be sure that when the reveling draws to a close you monitor attendees as they exit. Never let someone drive home impaired—have a sober driver on standby, call a cab or offer a place to sleep for those guests that partied a little too hard.

Cheers to throwing your elegant and inexpensive New Year’s Eve get-together! Clink.

Did this article help you breathe easier? Check out all the ways IHMVCU is making life simpler for you with our new Online Branch!

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moving from a saver to an investor

How to use savings accounts to get what you want and stop overspending

Your savings account is probably something you think about only when you have a little extra cash, but they actually work best when they’re used for unpredictable budget items and you contribute to them regularly. If set-up properly, your savings account will have funds for the things you want as well as the unexpected set-backs in life, and won’t wipe out your budget.

Recurring bills like utilities, rent or insurance can be easily budgeted for and paid for from a checking account, where money can come in and out easily. Savings accounts should be used for those things that happen once in a while or in an emergency.

At IHMVCU it’s easy to set-up additional savings accounts, including but not limited to:

Christmas shopping
Car and home maintenance

For savings accounts to work for you, you’ll need to contribute to them on a regular basis. One of the easiest ways is to set aside a percentage of each paycheck and distribute it among your savings accounts. Another way is to budget high for recurring expenses, like a utility bill, and putting what you don’t use into savings.

Let’s say you budget $200 for energy every month, and your next bill is only $130 (hurray for open windows!). Using this system of saving, you would take the “extra” $70 and put it in a savings account, like one for home maintenance, so it’s there when your bills are higher than $200 in the winter. You may put your tax return into next year’s savings account for taxes, or the leftover cash from a lower-than-usual grocery trip into a vacation fund.

At IH Mississippi Valley Credit Union, you can open a savings account for a minimum deposit as low as $5 and NO monthly fees. Check out our website to find out more about IH Mississippi Valley Credit Union savings accounts and how you can open one today.

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Saving for retirement: IHMVCU makes investment services easy

It doesn’t matter if retirement is years away or just around the corner, it’s important to know that stocks and bonds shouldn’t be your sole saving strategy for retirement. Saving accounts, money market accounts and CDs are great investments that keep your money liquid.

What does it mean to keep your money liquid?
Liquid assets are those that can easily and quickly be converted to cash through sale or withdrawal. Keeping some of your money liquid ensures it’s accessible when you need it.

Savings and money market accounts
Savings accounts are the tried-and-true way to store your retirement funds in with easy access when you need it. Similarly, money market accounts (MMAs) are savings accounts that require a higher minimum balance to earn higher interest.

CDs allow you to invest large amounts of money to accrue interest for a set amount of time – anywhere from a couple months to five years. While CDs typically make more money in the long run, early withdrawal of assets in CDs may result in penalty fees, so investors will often put money into a CD and forget about it until it matures.

Shop around
Life is unpredictable and plans change, so don’t be afraid of penalty fees – depending on the terms they can be as little as $4 on a $10,000 CD. It all depends on your plan and the last quarter earnings of the institution. Often, penalties for withdrawal from a 401(k) or stock purchase plan can be much higher than CD withdrawals.

Be sure to do the calculations for what your early withdrawal fees may be—it might be worth it to jump ship for a better deal on CDs or to place your assets in a high-interest MMA.

You can set up savings accounts, money market accounts and CDs through IHMVCU to put you in the right place financially for your retirement.

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DIY Halloween costumes are an easy, creative way to save money

Halloween is right around the corner, and it’s crunch time when it comes to costumes. Store-bought costumes can cost more than $30 each, and the shelves are bound to be picked over at this point. There’s no question—this is the year to look into homemade costumes. Here are five creative costumes that are cheaper and easier to make than you might think!



Cost: < $10
Materials needed:

  • Scissors
  • Colorful streamers or crepe paper
  • Party hats
  • An old t-shirt
  • Hot glue gun

Cut small strips of colorful streamers or crepe paper and use a hot glue gun to attach them to a thrift store shirt and dollar store party hats. Get a long shirt, and all you need is leggings and shoes to complete the outfit! Benefits include points for creativity and the ability to layer up and stay warm if the weather is cold!



Cost: $5 – $15

  • An umbrella
  • Scissors
  • White crepe paper, streamers or bubble wrap
  • Hot glue or packing tape
  • A white and grey outfit

Cut long strips of crepe paper or bubble wrap and attach them to an umbrella with hot glue or packing tape so they drift down to the feet of whoever is wearing the costume. (If you can’t find an umbrella at the thrift store, they are usually cheap at Walmart or on Amazon, if you have the time to order one.) Bonus points: tie glow sticks into the tentacles for an eerie phosphorescent effect!




Cost: < $5

  • Brown outfit
  • Light colored gloves
  • Packing material
  • Hot glue
  • Headband

Fill gloves with packing material so they won’t be limp. Using hot glue or staples, attach them to the sides of a headband that will fit the wearer’s head. Wear brown sweatpants and a brown hoodie for fur, and add black shoes and gloves for hooves. Put on the antler headband and ta-da! You’re a moose! Tip: moose have very short tails, so you don’t have to worry about making one!


Beanie baby
Cost: $5 – $10

  • Animal print outfit
  • Animal ears
  • Red posterboard



Choose an animal, and visit your closet or a thrift store to find a suitable shirt to match your idea (think animal print!). Buy a pair of animal ears or create your own with a headband and fabric. Cut the red poster board into a heart, and cut the “ty” letters out of white printer paper to glue onto the poster board. If you want, use eyeliner or facepaint to add a nose or whiskers as needed! Bonus: Make a “ty” tag for all of your pets, as well, to expand your collection and include your pets in the fun!


Scuba diver
Cost:  $5 – $10

  • Two-liter bottles
  • Duct tape
  • Black ribbon
  • All-black outfit
  • Swim or safety goggles
  • Brightly-colored paper

Scuba Diver

Wrap two empty two-liter bottles in duct tape (individually) to give them a metallic look. Then, secure the bottles to each other with duct tape on part of the bottles that will rest against the back. Measure out enough ribbon to create two straps, and use the duct tape to attach the ribbon to the backs of the bottles. The bottles should sit on the wearer like a backpack! Cut flipper shapes out of the paper and attach them to the wearer’s shoes (you can use duct tape for this, too). Add the goggles, and your costume is complete! Bonus: use one standard water bottle and attach tubing to a pacifier for a
super-easy baby version!


For more ways to save, become a member at IH Mississippi Valley Credit Union! Members can take advantage of a variety of discounts. Visit our website to see how YOU can save.

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