Achieving the Impossible: ConneXfactor 2016

X-factor logo (3)

For five months, Connex Credit Union will be working closely with five participants to see who can become the most fiscally fit to win a $3,000 grand prize. Each participant has been paired with a Connex Financial Advocate who will offer real-world, practical advice on how to reduce debt, build savings, and many other helpful financial tips and advice. Connex received over 140 applications for the third annual ConneXfactor competition! Below is our update on Christine C.

Christine C.: Achieving the Impossible

Coach: Kerry Perrotta, Guilford Branch Manager

As we move into July, the financial plan we created for Christine at the beginning of ConneXfactor is starting to show some great returns. We have seen growth in the CHET (Connecticut Higher Education Trust) college savings accounts as she has made two monthly deposits for each of her three children.  In addition, Christine is making steady contributions to her retirement account.  She is working diligently toward improving her position to help her children pay for college and building her retirement funds, which seemed insurmountable before the competition.christine-c

Contributing to life insurance accounts is still high on Christine’s goals list too. It is currently on hold as we wait for the conclusion of her mortgage refinance. The concept for this is twofold: Once the mortgage refinance is completed, she will save over $1,000 a month allowing her to begin making monthly contributions to her life insurance policy, AND she’ll be able to catch up with the contributions she has missed.  This will put us at our goal by the conclusion of the competition.

Christine has done a wonderful job sticking to her initial goals, following up with her commitment, and really helping herself improve her financial literacy with a newfound focus towards the future.  I look forward to her achieving all of the goals we mapped out, as she still remains on track to 100% success.

Do you have financial goals that seem impossible to achieve? Join our ConneXfactor contestants and let our Financial Advocates work with you to create a financial plan to help you stay on track! Stop by any branch or get started online today!


Improving the lives of our members... one member at a time.

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