May’s Females and Finances feature is Jane Rach, assistant vice president of collections at Summit Credit Union! Keep reading to learn about Jane’s path to Summit as well as some of the financial tips she recommends to Summit members – and uses herself!
What does “owning it” mean to you?
Owning it to me means accepting responsibility to be accountable for my actions every day, which allows me the privilege and the opportunity to educate our members, empower them, help them help themselves and enrich their financial well-being. It is giving back.
Tell us about your personal and professional journey that helped get you where you are today.
My first job was at a bank, and one day I was educating customers on various products and services that may best suit them when a fellow employee overheard me (who had previous credit union experience) and suggested I should work for a credit union. I took her advice, and the rest is history. I now have over 15 years’ experience working in the credit union industry in various capacities. I am a firm believer and advocate for the credit union movement and the not-for-profit financial cooperative structure of being owned and governed by our members.
What are the most important lessons you’ve learned about finances?
As my mother would always say, “money is real easy to spend and real hard to pay back.” This resonates with me, and I do my best to be mindful of this and be disciplined. This is easier said than done. We live in a day and age where borrowing is a way of life. We also live in an age where we have easy-access financial advice, education and tools, literally in the palms of our hands.
What resources or strategies help you ensure that you stay on top of your finances?
My favorite financial education resource is MoneyMinder. This interactive financial and budgeting tool provides visibility, transparency and, in turn, keeps you honest. In a nutshell, it will tell you what you are doing with your financial life and your life in general. It allows YOU to own it! Check it out on mobile or online banking today.