Pensacola, FL (March 1, 2022) – PenAir Federal Credit Union (PenAir) celebrates the Wooton family as the winner of $5,000 and their 2021 NOW Program. PenAir’s NOW Program is designed to guide three teams toward a better understanding of their income, expenses and how to foster healthier spending habits.
“We learned a lot over the last seven months, about our spending habits and about planning for the future. We’re looking forward to taking that with us and applying it moving forward,” says Tammy Wooton. Wesley and Tammy focused on setting goals for retirement and building a foundation of healthy money habits for their children. “If we had one tip for the 2022 teams, it would be to focus on your savings. Always give something, steadily increasing your savings and then paying yourself back when you need to access those funds.”
Teams are paired with a certified PenAir Financial Counselor, who provide a personalized game plan and resources to help each family pay off debt and plan for a financially stable future. On average, the 2021 NOW Teams increased their savings by $14,000 and decreased their debt by $8,000.
“Working with the Wooton’s for this year’s NOW program was truly a life changing experience, for all of us. Together, we refinanced one of their vehicles, opened an IRA and created a budget to maximize every dollar,” says Katelyn Martorana, PenAir Certified Credit Union Financial Councilor and Learning & Development Specialist for PenAir. “From the very beginning, the Wooton’s prioritized their retirement fund and setting themselves up for the future. While they faced some obstacles along the way, they never faulted in their dedication and commitment to the program,” says Martorana.
NOW’s your chance to take control of your financial future. Applications to be part of PenAir’s 2022 NOW program open March 25. Chosen teams will be paired with a certified PenAir Financial Counselor to navigate a seven-month journey toward increasing savings while decreasing debt. Learn more at penair.org/NOW.
About PenAir Federal Credit Union
At PenAir Federal Credit Union, respect is a guiding principle. As the largest and oldest credit union headquartered in Pensacola, Florida, with $2.3 billion in assets, PenAir is dedicated to enhancing lives through exceptional service, strength, and financial solutions. With 11 locations in Northwest Florida and Southeast Alabama combined with online and mobile banking, we provide worldwide reach. PenAir is a not-for-profit, member-owned financial institution, serving the community and improving lives since 1936. For more information, visit penair.org.