Connections: Ent's Quarterly Newsletter

From the CEO

Financial Security Pays Off: The Happiness Dividend

Image of young African American woman with a large smile holding a pink piggy bankWhile now may be a tough time to regularly save, if it works for your budget it can pay in both practical and unexpected ways. According to a Stanford University study, there’s a correlation between financial security and happiness. And it makes sense. Having money tucked away for an unexpected emergency can reduce stress and worry – which can definitely get in the way of happiness.

Time to Learn

Giving our members — and the communities we serve — products and information to help them save is an Ent tradition. And one that’s growing even stronger. In addition to our many online tools and free seminars, we’re also finding ways to safely help teach financial literacy at schools. From grade schools to universities and community colleges, Ent’s expanded educational outreach is coaching hundreds of students on the importance of saving, along with other important financial skills.

Time to Win: $25,000 Grand Prize

But regardless of our age, getting started can be tough. Which is why in addition to giving our members the whys of saving, we’re also giving them a really good reason to start now: $25,000.

During our Save a little. Win a lot. sweepstakes, members who save as little as $25 a month could win $25,000 or one of our other cash prizes. All the details are at Ent.com/SaveWin.

Growing your savings is good for your financial well-being. And if offering cash prizes helps get you started, we’re good with that!

We hope you take advantage of all Ent has to offer in helping you achieve financial security. And that you receive the happiness dividend as well.

Sincerely,
Chad Graves
Chief Executive Officer
 

Rendering of an Ent Credit Union Service CenterNew Westside Service Center in Old Colorado City

To meet our members’ needs right where they live, we’re still expanding – including in Colorado Springs. Thanks to the spring opening of our Westside Service Center at 3003 W. Colorado Ave. members will enjoy even more banking services, including:  

  • Safe Boxes
  • Drive-up Teller and ITMs
  • Lobby ATM
  • Easy Access and Parking

An important responsibility of Ent’s Audit Committee is to make sure members’ best interests are served. In short, they’re your advocate.

Acting in your best interests requires more than being committed to the credit union “member first” motto. To oversee Ent’s safety and soundness, Audit Committee members must also have a  high level of expertise. In addition to possessing a very specific skill set, they must also commit to an ongoing and extensive educational program. 

The rigor of this role has led Ent, as of January 2021, to move from an all-volunteer led Supervisory Committee structure to a Board appointed, reimbursed Audit Committee format. In addition to strengthening Board governance, this shift also aligns with best practices followed by most large financial institutions.

Now, the Audit Committee includes a maximum of three Board members and up to two volunteers. While the structure has changed, the committee’s role remains the same. It ensures Ent’s financial statements are reliable; that they are audited by an independent and qualified firm; and that effective internal audits are in place. It also supports the Board by monitoring Ent’s practices to ensure we’re meeting legal and regulatory requirements. 

Ultimately, this change represents just one more way we work to keep Ent strong for you, our owner-members.  

Image of elderly couple watching webinar online at home

FREE RETIREMENT CLASSES

For the seventh straight year, Ent is partnering with the Pikes Peak Area Council of Governments Area Agency on Aging to help members (and anyone in the community) plan for retirement. Attend one or all five free classes during  April and May. See details at Ent.com/Events. Registration is required at PPACG.org/events or (719) 471-2096.  

Free Webinars

Thinking about buying a home? Get expert mortgage tips.

Take advantage of free webinars from the safety and comfort of your home. Register at Ent.com/Events.

  • First Time Homebuyer Webinar: April 10 | 10 - 11:30 a.m.
  • First Time Homebuyer Webinar: June 13 | 10  - 11:30 a.m.

Free Document Shredding

Limit of two bankers boxes per person. Registration not required.