June 2025 Basecamp Newsletter
Welcome to Basecamp, the monthly newsletter from P1FCU! Each month, we'll bring you free tips and strategies to improve your financial well-being, plus some insight into all the resources you have access to as a P1FCU member. Welcome! Become a subscriber below.
So, you know you should be investing and saving for the future but don't know where to start? Well, we sat down with Brett, P1FCU's Financial Advisor, on the Making Sense of Money podcast to get some help on unpacking some of the most common investment questions. Hopefully, what you learn here can help your journey toward financial well-being feel a whole lot more manageable.
Whether you're just starting out or looking to optimize your retirement plan, here is a breakdown of what you need to know.
It Starts with Saving - Not Stocks
Before diving into the world of investing, Brett encourages members to build consistent saving habits. "It doesn't matter if it's $10 a week or $50 a month—what matters is that you're building the habit," he says. Small steps now will lay the foundation for success in the future.
Should You Pay Off Debt Before You Invest?
Ok, your savings plan is on track, but should you pay off your debts before investing? While not everyone's circumstances are the same, the short answer is usually yes. This is especially true when dealing with high-interest debts. It makes more sense to focus on paying off that debt first. Brett explains, "If your debt is costing you 20%, there's no investment that will guarantee that kind of return. Paying off that debt is the best investment you can make."
Want to check out the rest of Brett's advice? Click below to continue reading.
Two Rivers United Child Advocacy Center
Our Champion for Change, Nick is making a difference in his community. We're matching total donations up to $3,000. Click below learn more about our 2025 Champion for Change and previous winners.
Who couldn't use a better Credit Score?
Our new Credit Builder Loan is designed to help your credit score and build confidence by helping you build six months to a year's worth of credit history. Click below to learn how you can build credit without the risk that usually comes with it.
Fraud Alert Tip: Don’t Fall for “Phantom Debt” Scams
Have you ever received a call or email claiming you owe a debt you don’t recognize? That could be a “phantom debt” scam. Fraudsters pose as debt collectors, using threats or urgent language to pressure you into paying up.
Here’s how to protect yourself:
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Never give personal or financial information to someone you don’t know.
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Ask for written validation of any debt claim.
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Contact us directly if you’re unsure—our team is here to help keep your accounts safe.
P1FCU will never pressure you to make immediate payments or ask for your full Social Security Number over the phone. Stay alert, stay safe!
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This is for educational purposes only and not financial advice.