Category Archives: Your Future

How Do I Plan for Retirement: The Second Video in the Consumers ConnectU October Retirement Series

Consumers ConnectU - Tim

“Retirement is supposed to be a relaxing time, but planning for it can be a bit stressful,” acknowledges Tim Kosak, Consumer Lending Manager at Consumers Credit Union. Watch the video below, the second in the Consumers ConnectU October retirement series, to learn how you can simplify the process. Then watch last week’s video to determine how much you’ll need to save before retirement.

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How Much Do I Need to Retire: The First Video in the Consumers ConnectU October Retirement Series

Consumers ConnectU - Tim

We’re often asked how much a person should save before retirement. “The answer depends,” says Tim Kosak, Consumer Lending Manager at Consumers Credit Union. Watch the video below, the first in the Consumers ConnectU October retirement series, to learn what you should factor in when determining your retirement saving needs.

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You’re Invited! Complimentary Social Security Benefits Seminar on September 26

Karon K

Thinking about retiring? How do you know when it’s best to claim Social Security? What about benefits for your spouse? How can you secure your retirement future by maximizing your and your spouse’s benefits? Join us on Thursday, September 26th from 3-4:00 pm at our Centre Street office for a complimentary Social Security seminar. A representative from the Social Security Administration will be joining us for a short presentation followed by an open Q&A, during which you’re invited to share your questions. To reserve your seat for this educational seminar, please register here. *Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered … …continue

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You’re Invited! Complimentary Retirement Income Planning Seminar on September 19

Jacob M., joined 2006

Are you interested in rolling over an investment account? Do you have questions regarding your current or future investments or retirement planning? On Thursday, September 19, 2013, Consumers Credit Union’s Gull Road office is hosting a complimentary Retirement Income Planning Seminar at 6:00 pm to help you think through the above questions. This seminar will be presented by Bill Bouma, a CFS* Financial Advisor at Consumers Credit Union. With a background in business and finance and a solid commitment to the financial well-being of each member, Bill is ready to help with retirement planning, educational planning, and investment management. To reserve your seat for this educational seminar, please register here. *Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of … …continue

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Out of the Park Savings with Homerun Rates

Deposits - 2013 Q3 - Web Graphic[2]

Knock your savings out of the park with our Homerun Rates CD specials. Earn up to 2.00% APY* on a 60 month CD or 1.00% APY* on a 17 month CD and enjoy extra peace of mind with one penalty free withdrawal during the term of the CD. Or if you’re looking to earn excellent rates with the convenience of unlimited deposits and withdrawals, consider our money market accounts. Enjoy special Home Run Rates for additional earnings! 1.00% rate** $25,000-$49,000 0.75% rate** $10,000-$24,000 Earn an APY** as high as 0.76% Meet Theresa R., who joined Consumers in 2002 and says, “It’s not just somewhere to put your money. It’s advice on how to make your money work for you.” Can we help you put your savings to work? * APY = Annual Percentage Yield. Rates accurate as of August 1, 2013. Offer available for a limited time only on CDs … …continue

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How Do I Order Savings Bonds?

Savings Bonds

Since ordering savings bonds from the U.S. Department of the Treasury went digital in 2012, we’ve received many questions from members on the new ordering process. Prior to this conversion process, members were able to order savings bonds at Consumers offices. Now, all purchases are now made online right from the Treasury through the TreasuryDirect portal. The first time you make a purchase, you’ll need to set up a TreasuryDirect account. This slideshow walks you through the process. Have the following information handy: Your Social Security Number or Tax ID Number Your address in the U.S. The routing number and account number for your checking or savings account. (The routing number for Consumers is 272481839.) Your email address Once you’ve set up an account, you can purchase bonds for yourself or to give as gifts. This video explains the process of purchasing gift bonds. In addition to selling savings bonds, … …continue

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Your Legacy: Beneficiary Planning and Wealth Transfer

Family on dock

Estate planning is the process of determining how your belongings, property, and assets will be distributed in the event of your passing or if you ever become unable to manage them for yourself. Ask yourself this question: Do you own something of value that you wish to pass on to someone one day? If you answered “yes,” then you and your heirs will likely benefit from some basic estate planning for wealth transfer. One critical piece of planning includes making sure you successfully transfer your assets to your designated beneficiaries. Changes in your family situation, which may include a marriage, divorce, or birth/adoption of a child, make the regular review of your beneficiary designations a necessity. Knowing that your assets will go to the intended loved ones can bring you peace of mind. Given the many components of a proper estate plan, making sure you have all the pieces in … …continue

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Consumers Credit Union: A Family Tradition

Sarah and Cole H., joined 2001

“I’ve pretty much been coming here my whole life,” says Sarah H. “I know my mom has been here for over 30 years. I remember coming here when I was in kindergarten and first grade and always getting the suckers.” Her brother, Cole, agrees. Banking with Consumers has become more than a family tradition. It has also sparked family conversations about finances. “We sat down with our parents a few weeks ago, and we discussed how we’re going to save for college. Of course we want a scholarship, but we’re still going to have to start to save,” says Sarah. Cole describes having a savings account with Consumers as “a safe haven for money.” Sarah says, “I think it’s really cool. A lot of kids don’t have that. And everyone’s really friendly here.” This summer, start planning for your children’s futures by opening their first bank accounts with Consumers. Every … …continue

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The Five Big Questions about Retirement

Couple

Retirement provides a chance to enjoy the fruits of one’s hard work. However, an enjoyable retirement requires proactive planning. In putting together your plan, be sure to ask yourself these five questions. Where Should You Live in Retirement? You’ll need to weigh the benefits and drawbacks of any new potential location and choose the one that best suits your lifestyle. If you want to live in a city where you can take advantage of cultural attractions, convenient mass transit and excellent doctors and hospitals, you must be prepared to pay a premium for real estate and weather higher taxes and expenses. Meanwhile, that affordable country home may take you many miles from friends and family. While a carefully chosen retirement community would provide security and lots of organized social activities, you may find that you miss being near young people. Only you can decide what’s important. The good news is … …continue

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Giving Back to Our Members: 20 Students Earn Scholarships from Consumers Credit Union

We are pleased to announce the winners of our annual Dollars for Scholars Scholarship Program. Consumers Credit Union has been helping student members achieve their dreams of attending college for over 20 years. More than 70 scholarships have been awarded since the program’s inception. The Dollars for Scholars program is funded by staff on “Casual for a Cause” Fridays, as well as from coin machine revenue. This year, Consumers is awarding 20 graduating seniors scholarships of $500 along with an iPad. Scholarship winners are not only exemplary students; they are also excellent citizens in our community. Each applicant is evaluated with equal emphasis on academic achievement, community service, essay content, and letters of recommendation. Courtney Rus, co-chair of the Dollars for Scholars Committee, says, “Dollars for Scholars is a great way for Consumers Credit Union to be involved with the development and education of our future leaders and give back … …continue

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