OCALA, Fla.– The perspective of one credit union CEO was included as part of a local media report on how consumers are struggling to make ends meet as inflation leads to ongoing price increases.
The report, by WCJB, noted that in the Sunshine State a recent University of South Florida survey found that out of 600 Floridians polled, nearly half agree that the rise of inflation has made it more difficult for them to pay for essential bills, and more than three-fourths of them reported it impacted their grocery bill.
It’s caused many to re-think where their money goes, the report stated, quoting on woman in Ocala, Fla. to discuss how she has changed her grocery buying behavior.
“We help the members as much as we can, and each individual has a different situation,” said Ocala Community Credit Union President and CEO Steven Nazaruk.
Steps to Take
Throughout the pandemic, Nazaruk told WJCB he has not only had to balance his own budget for the credit union but also help members through these tumultuous times.
He advised consumers feeling the strain to take several steps.
“The first thing you do is, you pay your bills. The second thing is [to] feed your family. The third thing is to save money for a rainy day, for the future,” he told the news outlet.
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