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Five Steps to Take After a Financial Disaster

As we sail into 2021, many are struggling with the aftershocks of financial disaster. Whether it’s due to a layoff, a natural disaster, medical expenses or a change in family circumstances, the financial fallout of COVID-19 has been devastating.

Recovering from a financial disaster, due to a pandemic or any other reason, is never easy; however, with hard work and the ability to look forward, it can be done. Here’s how.

Step 1: Assess the damage

Evaluate exactly how much financial recovery you need. Are you thousands of dollars in debt? Do you need to find a new job? What are the long-term financial implications of the recent disaster?

Crunching the numbers and putting it all on paper will make it easier to take concrete steps toward recovery.

Step 2: Accept your new reality 

Shock and denial are valid stages of grief for any major loss or disaster, but for recovery to be possible, it’s important to reach a place of acceptance. You can vent to a close friend, express your feelings in a journal, de-stress with your favorite low-cost hobby and then let go. Constantly harping on what could have been will only drain you of the energy you need to move on.

Step 3: Outline your goals

Clearly defining your goals will make it easier to go forward. Are you looking to rebuild a depleted emergency fund? Find gainful employment? Pay down your medical bills?

As you work through this step, choose goals that are SMART:

Specific

Measureable

Attainable

Realistic

Timely

Step 4: Create a recovery plan

Your plan should consist of consecutive steps that lead to a life of complete financial wellness. Here are some steps you may want to include:

  • Trim your spending until you can spend less than you earn.
  • Build a small emergency fund to help get you through an unexpected expense.
  • Seek new employment or new income streams.
  • Start paying down debts.
  • Save more aggressively, with one eye toward your retirement and another toward a large emergency fund with up to six months’ of living expenses.

Step 5: Make it Happen

Put your plan into action! If you were careful to set goals that are SMART, you should be able to take the first steps in your plan immediately.

Inclement Weather Update

 

We will have the following branches open on Friday 2/19, with limited hours:

  • Lake Charles – 11:00am – 5:00pm (Drive-thru only due to water issues)
  • Sulphur – 11:00am – 5:00pm (Lobby and Drive-thru)
  • Moss Bluff – 11:00am – 5:00pm (Lobby and Drive-thru)
  • Jennings – 11:00am – 5:00pm (Lobby and Drive-thru)

Please keep a few things in mind:

  • If CSE closes in the event of an emergency, you can get updates by visiting this page or by calling the CSE Disaster Info Hotline: 888.699.3499
  • You have direct access to your CSE account(s) with our Mobile Banking App or CSE Online
  • Call 833.357.0004 for 24/7 assistance with your CSE Debit Card
  • Call 833.337.6025 for CSE Online/Mobile support in between the hours of 7:00 a.m. and 1:00 a.m.
  • For any other assistance please email info@csefcu.org

Here are some reminders for accessing your CSE accounts during this time:

  • Use you CSE VISA® Debit Card wherever VISA is accepted within the U.S.
  • CSE Mobile
  • CSE Online
  • Sign-up for direct deposit through your employer (CSE’s routing number is 265274859)
  • National Access ATM networks: CU Here 
  • Utilize CO-OP Shared Branching 1.888.748.3266 or visit online co-opcreditunions.org

Disaster Hotline  888.699.3499

 

 

 

Teacher Appreciation Week is right around the corner, the second week of May! COVID-19 has caused many global changes, but as soon as the outbreak hit the U.S. our teachers hit the ground running and immediately adapted their lesson plan to meet social distancing standards. Although we can’t show appreciation in the classroom this year, there are many other ways you can express gratitude and appreciation from a distance.

  1. Show Appreciation on Social Media

Share a photo of a teacher on social media expressing your appreciation. You can even create a special picture collage on Canva! This is an easy no-cost gift that will make any teacher feel special.

  1. Create a Heartfelt Video Message

If you’re tech savvy you could reach out to several parents in your kid’s classroom for a short video message to send directly to a teacher! If you have enough videos, send several each day of Teacher Appreciation Week to remind them how much they mean to you.

  1. Send an eGift Card

Don’t want to make an unnecessary trip to the store for a gift? No worries! Amazon has you covered when it comes to eGift Cards. Their assortment of eGift Cards will make it easy to find a gift card perfect for your teacher. All you will need is the teacher’s email address to deliver the card!

  1. Order lunch for curbside pickup or delivery

This is a great way to support local restaurants and make a teacher feel special. Give them a break from cooking and order curbside pickup or delivery from their favorite local restaurant! Eats2Go, DoorDash and Waitr make pick up and deliveries socially distant and easy!

Whichever way you decide to express your appreciation, we know that you’ll make your favorite teacher feel special!

Cell Phones for Soldiers

Cell Phones for Soldiers

CONNECTING THOSE WHO PROTECT US

Cell Phones For Soldiers Inc. is a national nonprofit dedicated to serving troops and veterans with free communication services and emergency funding. Founded in 2004 by Robbie and Brittany Bergquist, then 12 and 13 years old, Cell Phones For Soldiers has provided more than 300 million “Minutes That Matter” to deployed troops. Since 2012, “Helping Heroes Home” has provided emergency funds for more than 3,100 returning veterans to alleviate communication challenges as well as physical, emotional and assimilation hardships.

Provide a lifeline to America’s bravest. Your simple, powerful gift provides connections that truly make a difference. Make your tax-deductible* donation today by:

Cell Phones for Soldiers accepts ALL makes, models and conditions of cell phones.

New and Used, Broken or Cracked. Both Smartphones and Cell Phones.

Cell Phones for Soldiers allows active-duty military members the ability to communicate to their families and emergency assistance to veterans.  We are accepting donations the entire month of July at each branch location. July 31st is the deadline for donations.

For more information email the CSE marketing department or call 337-562-3160. 

 Your simple, powerful gift provides connections that truly make a difference.

*Consult a tax advisor