DIY Home Projects for Summer That Can Add Value to Your Home

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DIY Home Projects for Summer That Can Add Value to Your Home

Summer is the perfect time to tackle those DIY projects that can not only enhance the beauty of your home but also add significant value. Whether you’re looking to sell soon or just want to make your space more enjoyable, here are some exciting and rewarding projects to consider.

8 DIY Summer Home Projects to Add Value to Your Home

1. Refresh Your Exterior with a New Paint Job

Why It Adds Value:

A new paint job can significantly boost your home’s curb appeal, making it more attractive to potential buyers and increasing its market value. According to Zillow, homes with fresh exterior paint can sell for more than similar homes with outdated or weathered paint.

How to Do it:

  • Choose the Right Color: Opt for neutral tones like beige, gray, and white, which are universally appealing and can make your home look fresh and inviting.
  • Prepare the Surface: Ensure the exterior is clean and smooth. Remove any dirt, old paint, or debris using a pressure washer and sandpaper.
  • Use Quality Paint: Invest in high-quality paint that can withstand various weather conditions and last longer, providing better protection for your home.

Tools Needed:

  • Paint sprayer or brushes
  • Drop cloths
  • Sandpaper

2. Upgrade Your Landscaping

Why It Adds Value:

A well-maintained garden or yard can enhance your home’s curb appeal, making it look more inviting and cared for. Good landscaping can increase your home’s value by up to 15%, according to Better Homes & Gardens.

How to Do it:

  • Plant Perennials: These low-maintenance plants bloom year after year, providing lasting beauty and reducing the need for frequent replacements.
  • Add Mulch: Mulch helps retain moisture in the soil, suppresses weeds, and gives your garden a polished look.
  • Install a Garden Path: Use stones, pavers, or gravel to create an inviting walkway that guides guests through your garden, adding charm and functionality.

Tools Needed:

  • Shovel
  • Wheelbarrow
  • Garden Gloves

3. Install a Patio or Deck

Why It Adds Value:

Adding an outdoor living space like a patio or deck can expand your usable living area, making your home more appealing to buyers. Patios and decks can offer a return on investment (ROI) of up to 80%, according to Remodeling Magazine.

How to Do it:

  • Choose Your Material: Decide between wood, composite, or stone based on your budget and desired aesthetics.
  • Plan the Layout: Design a layout that complements your home’s architecture and maximizes your outdoor space.
  • Follow Local Building Codes: Check local regulations and obtain any necessary permits before starting your project.

Tools Needed:

  • Saw
  • Hammer
  • Level

4. Update Your Kitchen Backsplash

Why It Adds Value:

A modern and stylish backsplash can make your kitchen stand out, giving it a fresh and updated look. Kitchen remodels often provide a high ROI, and a new backsplash is a simple yet effective upgrade.

How to Do it:

  • Pick a Trendy Tile: Consider popular options like subway tiles, mosaics, or glass tiles to give your kitchen a contemporary feel.
  • Prepare the Wall: Clean and smooth the surface to ensure proper adhesion of the tiles.
  • Use Tile Spacers: These ensure even spacing between tiles, helping you achieve a professional finish.

Tools Needed:

  • Tile cutter
  • Trowel
  • Grout float

5. Install Energy-Efficient Windows

Why It Adds Value:

Energy-efficient windows can significantly reduce your heating and cooling costs, making your home more attractive to eco-conscious buyers. According to the U.S. Department of Energy, replacing old windows with energy-efficient ones can save homeowners up to $465 annually in energy costs.

How to Do it:

  • Measure Accurately: Ensure precise measurements for a perfect fit to avoid air leaks and drafts
  • Seal Properly: Use high-quality caulk and weather-stripping to create a tight seal.
  • Consider Professional Help: If you’re not confident in your skills, hiring a professional can ensure the windows are installed correctly and perform efficiently.

Tools Needed:

  • Measuring tape
  • Caulk gun
  • Pry bar

6. Create an Outdoor Kitchen

Why It Adds Value:

An outdoor kitchen is a unique feature that can make your home more desirable by providing a functional space for entertaining and cooking outdoors. Homes with outdoor kitchens can see a return of up to 100% on their investment, according to HomeLight.

How to Do it:

  • Plan the Layout: Include space for essential appliances like a grill, refrigerator, and counter space.
  • Choose Durable Materials: Opt for weather-resistant materials such as stainless steel and stone to ensure longevity.
  • Install Proper Lighting: Good lighting is crucial for both functionality and ambiance, making your outdoor kitchen usable day or night.

Tools Needed:

  • Power drill
  • Screwdriver set
  • Masonry tools

7. Add a Fire Pit or Fireplace

Why It Adds Value:

An outdoor fire pit or fireplace extends your living space and creates a cozy, inviting atmosphere. According to HGTV, homes with fire features are increasingly popular and can add significant value to your property.

How to Do it:

  • Choose a Location: Select a safe spot away from any structures or flammable materials.
  • Select Your Material: Consider durable materials like stone or brick that can withstand high temperatures and weather conditions.
  • Ensure Safety: Follow all local regulations and safety guidelines to prevent accidents.

Tools Needed:

  • Shovel
  • Trowel
  • Level

8. Upgrade Your Bathroom

Why It Adds Value:

Modernizing your bathroom can significantly increase your home’s value, as buyers often prioritize updated and stylish bathrooms. Simple upgrades can yield a return of up to 70%, according to Remodeling Magazine.

How to Do it:

  • Install New Fixtures: Replace outdated faucets, showerheads, and lighting with modern, efficient ones.
  • Add a Fresh Coat of Paint: Choose light, neutral colors to make the space feel larger and more inviting.
  • Update Tiles: Retiling the shower or floor can give your bathroom a fresh, clean look.

Tools Needed:

  • Wrench set
  • Paint roller
  • Tile cutter

Conclusion

Embarking on these DIY home projects not only enhances your living space but also adds significant value to your property. Whether you’re preparing to sell or simply want to enjoy a more beautiful and functional home, these summer projects are a wise investment.

A COPFCU Home Equity Line of Credit (HELOC) is a great, low-cost option for covering major purchases or much needed home improvements.

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Smart Ways to Save on Your Next Vacation

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Smart Ways to Save on Your Next Vacation

Planning a trip can be exhilarating, but the costs can add up quickly. However, with some savvy planning and a few smart tips, you can enjoy a memorable trip without breaking the bank. Here are some smart strategies to help you save on your next vacation.

1. Book Flights in Advance

Flights are often one of the most significant expenses of a vacation. To get the best deals, book your tickets several months in advance. Use flight comparison websites and set up alerts for price drops. Traveling mid-week or during off-peak seasons can also save you a considerable amount.

2. Consider Alternative Accommodations

Instead of booking a traditional hotel, explore alternatives such as vacation rentals, hostels, or home exchanges. Websites like Airbnb and VRBO offer unique and budget-friendly options. You might even find a cozy place with a kitchen, allowing you to save money by cooking some of your own meals.

3. Leverage Credit Card Rewards

If you have a travel rewards credit card, now is the time to use those points! Many cards offer points that can be redeemed for flights, accommodations, or even experiences. Check your card’s reward program to see how you can maximize your savings.

4. Travel Light

Avoid extra baggage fees by packing light. Stick to the essentials and try to fit everything into a carry-on. This not only saves money but also makes it easier to navigate airports and public transportation.

5. Take Advantage of Free Activities

Every destination has a host of free or low-cost activities. From museums with free admission days to beautiful parks and scenic walking tours, there’s always something to do that won’t cost you a dime. Research ahead of time to plan your itinerary around these budget-friendly options.

6. Eat Like a Local

Dining out can quickly drain your budget, especially in tourist-heavy areas. Look for local markets, food trucks, and street food for authentic and inexpensive meals. Not only will you save money, but you’ll also get a taste of the local culture.

7. Use Public Transportation

Instead of renting a car or relying on taxis, use public transportation. Many cities offer affordable transit passes that can be used for buses, trams, and subways. This is a great way to save money and see the city from a local’s perspective.

8. Travel with a Group

Group travel can significantly reduce costs. Many accommodations and tour operators offer discounts for groups. Sharing expenses for things like transportation and food can also lower the overall cost per person.

9. Stay Flexible with your Plans

Flexibility can lead to savings. Being open to changing your travel dates or destination can help you take advantage of last-minute deals and discounts. Websites like Travelzoo and Skyscanner often feature these kinds of offers.

10. Keep an Eye Out for Discounts

Always be on the lookout for discounts and coupons. Websites like Groupon and LivingSocial often have deals on local attractions and dining. Additionally, many tourist destinations offer discount passes that provide access to multiple attractions for a reduced price.

By following these smart tips, you can have an incredible vacation without overspending. Remember, the key to a budget-friendly trip is planning ahead, being flexible, and making the most of every opportunity to save.

Start putting money aside for your next vacation with a COPFCU Savings Account.

National Safety Month: Ensuring Your Financial Safety

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National Safety Month: Ensuring Your Financial Safety

June is National Safety Month, the perfect time to reflect on how we can keep not just our homes and workplaces safe but also our finances. At COPFCU, your financial well-being is our priority. Protecting your financial health is crucial for achieving long-term stability and peace of mind.

7 Tips to Safeguard Your Finances

In today’s digital age, protecting your financial well-being is crucial. Here are some essential tips to keep your finances secure:

1. Use Strong, Unique Passwords

One of the simplest yet most effective ways to protect your accounts is by using strong, unique passwords. Avoid using easily guessable information like birthdays or common words. Instead, opt for a mix of letters, numbers, and special characters. Consider using a password manager to keep track of your passwords securely.

2. Monitor Your Accounts Regularly

Keeping a close eye on your account activities is one of the best ways to detect and prevent fraudulent activities. Regularly check your balances and transactions through your online banking platform or mobile app. Report any suspicious or unauthorized activity immediately.

3. Enable Two-Factor Authorization

Enhance your account security by enabling two-factor authentication (2FA) wherever possible. This adds an extra layer of protection by requiring a second form of verification, such as a text message code or fingerprint scan, in addition to your password.

4. Be Wary of Phishing Scams

Phishing scams are attempts to steal your personal information by posing as a trustworthy entity. Be cautious of emails, texts, or calls that ask for your personal information or direct you to a website to enter your details. Always verify the source before clicking on any links or providing information.

5. Secure Your Devices

Ensure that your computers, smartphones, and tablets are protected with up-to-date security software. Use firewalls and enable automatic updates to protect against the latest threats. Additionally, avoid using public Wi-Fi for financial transactions as these networks can be less secure.

6. Safeguard Personal Information

Keep your personal information private and share it only when absolutely necessary. Shred documents that contain sensitive information before disposing of them. When online, be mindful of the information you share on social media and other platforms.

7. Educate Yourself

Stay informed about the latest security threats and how to protect yourself. Many credit unions and other financial institutions offer resources and workshops on financial security. Take advantage of these opportunities to educate yourself and stay ahead of potential risks.

By following these tips and staying vigilant, you can help ensure that your finances remain secure. For more information on how to protect your finances, visit our fraud resources page.

Inaugural Battle of the Badges Charity Softball Game

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Blue Ash Inaugural Battle of the Badges Charity Softball Game

Join Us for a Fun-Filled Evening of Friendly Competition!

We are excited to announce the Inaugural Battle of the Badges Charity Softball Game, where the Blue Ash Police Department will face off against the Blue Ash Fire Department. This exciting event is more than just a game—it’s an opportunity for our community to come together, have fun, and support two wonderful local charities.

Event Details

Date: Friday, August 30th
Time: 5:30 PM
Location: Crosley Field, Blue Ash Sports Center

What to Expect:

Cheer on your favorite team as our local heroes compete in a spirited softball game.

  • Free Food: Enjoy complimentary refreshments and snacks while you watch the game.
  • Family Fun: Activities and entertainment for all ages, making it a perfect evening out for families.

Support Local Charities

Proceeds from the event will benefit two local charities, making a positive impact on our community. Your attendance and support will help these organizations continue their important work.

For more information, contact Ron Gore. We look forward to seeing you there!

Protect Yourself from Gift Card Scams

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Protect Yourself from Gift Card Scams

At COPFCU, your security is our top priority. Recently, there has been an increase in gift card scams targeting individuals through phone calls, emails, and text messages. We want to ensure you are aware of these scams and know how to protect yourself.

What is a Gift Card Scam?

Scammers often pose as trusted organizations or individuals, such as government agencies, well-known companies, or even friends and family. They ask victims to purchase gift cards and share the card numbers and PINs. Once this information is given, the scammer can use the gift card funds, making it nearly impossible to recover the money.

Important Reminders:

  • COPFCU and our fraud department will never ask you to purchase gift cards.
  • COPFCU will never request your account information over the phone, via email, or through text messages.
  • Do not provide personal or financial information to unsolicited callers.

How to Protect Yourself:

  • Be skeptical. If someone asks you to buy gift cards and provide the numbers, it is likely a scam.
  • Verify the source. If you receive a suspicious call, email, or text, contact the organization directly using a known, official phone number or website.
  • Report suspicious activity. If you think you’ve been targeted by a scam, contact the credit union immediately and report it to your local authorities.

For more information on how to protect yourself from scams, please visit our fraud resources page.

Navigating the Decision to Share Bank Accounts

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Navigating the Decision to Share Bank Accounts

Should You Say “I Do” to Shared Bank Accounts?

For newlyweds, the decision to merge finances by sharing a bank account can be a significant step towards building a life together. It’s a symbolic gesture of unity and partnership, representing shared goals, responsibilities, and dreams. However, it’s essential to weigh the advantages and potential challenges of joint accounts carefully before making the final decision.

Benefits of Sharing Bank Accounts

  • Financial Unity. Opening a joint bank account signifies a deeper level of financial partnership and commitment between you and your partner. It fosters a sense of unity and collaboration in managing finances, leading to greater transparency and shared responsibility.
  • Simplified Planning for the Future. Joint accounts enable newlyweds to plan for major life milestones, such as buying a home, starting a family, or saving for retirement, with a shared financial strategy.
  • Transparency and Trust. Opening a joint account encourages open communication about financial matters, helping newlyweds build trust and navigate financial decisions together.
  • Convenience in Shared Expenses. Consolidating your finances into a joint account simplifies financial management by centralizing income, expenses, and savings. It eliminates the need for multiple accounts and reduces administrative burdens associated with managing individual finances separately.

Potential Challenges of Sharing Bank Accounts

  • Loss of Individual Autonomy. Sharing a bank account requires a degree of financial compromise and may entail relinquishing some level of individual financial autonomy. This can lead to disagreements over spending habits, priorities, and decision-making authority.
  • Risk of Mismanagement. Differences in financial attitudes and behaviors between partners can increase the risk of mismanagement of shared funds. Conflicting spending habits or financial goals may lead to tensions and disagreements, potentially jeopardizing financial stability and relationship harmony.
  • Legal Implications. Joint bank accounts can present legal complexities in the event of separation or divorce. Asset division and financial settlements become more complicated, requiring careful planning and potentially legal assistance to navigate effectively.
  • Privacy Concerns. Sharing a bank account means both partners have access to each other’s financial transactions and account details, which could raise privacy concerns if not addressed openly.

Conclusion

In conclusion, whether you’re embarking on a new chapter of your life as a couple or reassessing your financial strategies, the decision to open a joint bank account should not be taken lightly. It’s essential to weigh the pros and cons carefully, considering factors such as financial compatibility, communication, and long-term goals. By doing so, you can make an informed decision that aligns with your values, aspirations, and vision for your financial future together.

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Member Appreciation

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Member Appreciation Celebration

Join us in Celebrating COPFCU Member Appreciation May 15th-18th

In May, we honor the tireless dedication of public servants who strive to enhance the quality of life in our communities, making them ideal places to live, work, and raise families.

  • International Firefighter’s Day – May 4th
  • Public Service Recognition Week – May 5-11th
  • National Teacher Appreciation Week – May 6-10th
  • National Police Week – May 12-18th

Recognizing that many of our members are actively engaged in these essential professions or have loved ones who serve, we invite you to join us in celebrating COPFCU Member Appreciation May 15th to 18th.

Get Ready for Your Chance to Win!

Enter for your chance to win one of 3 prizes by visiting our website May 15-18th. A pop-up entry page will appear when you visit copfcu.com, and a link will be available on our website. You may submit 1 entry per day for the prize of your choice.

Enjoy Free Lunch at Your Local Branch

Visit one of our branch locations for a free lunch during the days and times listed below. 

To our dedicated Law Enforcement, Firefighters, and Teachers: Your remarkable service is the cornerstone of our communities, and we extend our deepest gratitude. To all other valued members, we appreciate your confidence in COPFCU to support your family’s financial needs!

Contest Entry Period will run May 15th through May 18th, 2024.

View Official Contest Rules.

April is Financial Literacy Month

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Financial Literacy Month

April is Financial Literacy Month, and at COPFCU, we’re dedicated to helping our members strengthen their financial knowledge and skills. As a member-owned cooperative, we believe in the power of financial education to empower individuals and families to achieve their goals and dreams.

Enhance Your Financial Well-Being

Whether you’re just starting your journey to financial wellness or looking to enhance your existing knowledge, this month provides an excellent opportunity to expand your financial literacy and take control of your financial life. Here are some ways you can participate in Financial Literacy Month and enhance your financial well-being.

1. Educate Yourself

Take advantage of the wealth of resources available online, from informative articles and videos to interactive tools and courses. Look for topics that interest you, such as budgeting, investing, debt management, or retirement planning, and commit to learning something new each day.

2. Set Financial Goals

Take some time to reflect on your financial goals and aspirations. Whether it’s buying a home, saving for your children’s education, or retiring comfortably, clearly defined goals provide direction and motivation for your financial journey. Write down your goals, break them into manageable steps, and create a plan to achieve them.

3. Create a Budget

A budget is the foundation of a strong financial plan. Track your income and expenses to understand where your money is going each month. Identify areas where you can cut back on unnecessary spending and allocate more towards your savings goals. Remember, a budget is a flexible tool that can be adjusted as your circumstances change.

4. Build an Emergency Fund

Life is full of unexpected surprises, from car repairs to medical expenses. Having an emergency fund in place can provide peace of mind and protect you from financial setbacks. Aim to save enough to cover three to six months’ worth of living expenses in a readily accessible account.

5. Invest Wisely

Investing is a powerful tool for building wealth over the long term. Whether you’re saving for retirement or other financial goals, familiarize yourself with the different investment options available, such as stocks, bonds, mutual funds, and real estate. Consider consulting with a financial advisor to develop an investment strategy tailored to your risk tolerance and objectives.

6. Review Your Credit Regularly.

Given the vast volume of data circulating among companies and the three primary credit bureaus, errors are inevitable. This reality underscores the importance of obtaining your credit report annually, regardless of your prompt bill payments and strong credit record.

Consider adopting a strategic approach by examining your credit reports on a weekly basis. Utilizing resources like SavvyMoney, a free tool for members within the COPFCU mobile app and online banking, grants members real-time access to scores and reports year-round.

7. Stay Vigilant Against Fraud and Scams.

Each year, scam artists and identity thieves steal billions of dollars from unsuspecting individuals. Stay informed on the latest fraud scams and security alerts and learn how to promptly respond if you suspect fraudulent activity on your account.

8. Seek Assistance When Needed.

If you’re facing financial difficulties, reach out promptly to your credit union, bank, credit card issuer, utility provider, mortgage lender, or landlord. While asking for help may be challenging, it’s preferable to negotiate a payment plan rather than allowing the account to become delinquent.

Conclusion

This Financial Literacy Month, we invite you to join us in prioritizing your financial well-being and taking steps to build a brighter financial future. Whether you’re just starting your financial journey or looking to enhance your existing knowledge, COPFCU is here to support you every step of the way.

Additional Resources:

2024 COPFCU Scholarship Recipients

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2024 COPFCU Scholarship Recipients

We’re thrilled to announce the recipients of this year’s scholarship awards. These individuals have demonstrated outstanding academic achievements, leadership qualities, and a commitment to their communities. We’re proud to support their educational journeys and invest in their bright futures.

Irvin Specht Memorial Scholarship – $4,000

Recipient: Julia Abbott, Oak Hills High School
Attending: Thomas More University
Studying: Biochemistry, Pre-Dental & Spanish

View Essay

Emily Argo Memorial Scholarship – $4,000

Recipient: Casey Stone, LaSalle High School
Attending: University of Notre Dame
Studying: Aerospace Engineering

View Essay

Bright Futures Scholarship – $4,000

Recipient: Noah Denson, Northwest High School
Attending: University of Cincinnati
Studying: Business Operations & Management

View Essay

1st Runner Up Scholarship – $1,500

Recipient: Daphne McCabe, Roger Bacon High School
Attending: Undecided
Studying: Computer Science

View Essay

2nd Runner Up Scholarship – $1,500

Recipient: Casey Beck, University of Louisville
Attending: University of Louisville
Studying: Finance

View Essay

Should I Consolidate or Refinance My Student Loan Debt?

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Should I Consolidate or Refinance My Student Loan Debt?

Tips to consider for refinancing or consolidating student loans.

Refinancing or consolidating your student loans could be a good idea. But the only way you’ll know is if you understand the differences and similarities between them.

The Breakdown

Refinancing a loan combines either federal or private student loans (or a combination of both) into one, new private loan. When you refinance, it’s possible to save money by getting a lower interest rate. However, remember that if you refinance a federal loan, you can lose payment provisions, like income-based payments. By refinancing, you’ll also pay just one bill per month, which makes things easier. 

Consolidation is only available with federal student loans. Therefore, you can only combine multiple federal student loans into one, new federal loan. You won’t likely save any money, as your interest rate will be the weighted average of the loans you consolidate, but it may prove to be easier to manage because again, you’ll pay just one bill per month. Learn more at StudentAid.gov.

How They Work

Consolidation Loan: A Direct Consolidation Loan from the federal government allows you to consolidate multiple federal education loans into one loan.* The result is a single monthly payment for your federal student loans at one interest rate instead of multiple payments. A Direct Consolidation Loan has a fixed interest rate for the life of the loan and is only available for federal student loans.

Private Student Loan Refinance: Your credit union will pay off your existing student loans* (including federal and private) and combine them into a single new loan. You will then make a single loan payment to your credit union instead of multiple lenders. Borrowers may choose fixed or variable interest rates which are then set based on your financial and credit history.* By refinancing, you can potentially lower your interest rate or monthly payment depending on the repayment terms you select.

How to Decide

Refinancing and consolidating your student loans may be the right choice if:

  • You’re paying high interest rates on your student loans.
  • You have multiple federal or private student loan payments to make each month.
  • You have a good credit history or a strong co-signer.

You might want to consolidate if you have multiple federal loans and are not eligible for any federal debt payment program. On the other hand, you may consider refinancing if you have private student loans and are looking to save some cash.

Keep in Mind: Refinancing your student loans can be a great way to lower your interest rate, decrease your monthly payment and pay off your loan sooner. Just remember, when you refinance federal student loans into a private refi loan, you’ll lose access to any current or future federal benefits, such as potential debt cancellation or income-driven repayment options. It’s important to evaluate your options so that you can make educated decisions.

Explore these additional resources to help determine if refinancing could be right for you:

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