Where Family is More Than Our Name
A generation has traditionally been defined as "the average interval of time between the birth of parents and the birth of their offspring". As times change, people change, and ultimately their needs change – especially financial needs.
Find your generation to see responses to different financial matters that may impact your ever changing environment.
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For you elder, perfection of reason and judgment, gentleness, passions tamed, uttermost, highest, best, last, exercising wisdom and honor, and with no obligations.
Grandpa, Grandma? This is one of the most exciting events of your life. In some ways, it’s even better than becoming a parent—the fun without the responsibility! Even though you’re not financially responsible for this round of children, you may decide that you want to help your children raise theirs. First stop is opening a Kirby Kangaroo account in your grandchildren’s name and contribute to it regularly.
For the highest, no risk yield possible, check out a The Family Credit Union Certificate of Deposit. Available with terms ranging from 30 days to 60 months, this secure investment allows you to earn top dividends without putting your deposit at risk.
The wise person plans ahead financially and legally for their estate, even if they have a lot to pass on or not. Make a complete list of all your assets and don’t forget to include the less obvious ones such as; cash value of life insurance, loans owed to you, jewelry, household goods and furnishings, antiques and collectibles. The Family Credit Union has a partnership with First Community Trust to help you with your estate planning needs.
For the perfect age, ripe in wisdom, perfecting reason, judgment, foresight, moderation, honor, dignity and possession emphasis.
The big vacation? You’ve been dreaming, saving, and you deserve it! The Family Credit Union has the products to turn your financial mind into vacation mode; Credit Cards with free travel insurance, Debit Cards accepted anywhere a VISA logo is, and American Express Travelers Checks.
Do you have a daughter? The average wedding budget is $20,000, and the bride's parents pay about 17 percent of the time! Keep this event an exciting and happy one by pre-planning at The Family Credit Union. Consider a low rate Home Equity Line of Credit or Personal Loan to help or our Gold Credit Card is convenient for those unexpected needs.
Are your emergency funds set up? No one ever thinks misfortune will happen to you, but if it does, be prepared. The Family Credit Union has the insurance coverage products to take care of you and your family. The Family Credit Union’s partnership with CUNA Mutual provides such insurance coverage as life and auto insurance, accidental death and dismemberment, disability, and the GAP and MRC polices for your vehicles.
For the adult, full of vigor, ready for marriage, striving for significance, improvement of insight, reason, and resources.
More than 10,000 books have been written about personal finance. You could spend a lifetime reading them. The truth about personal finance is simple and can actually be reduced into three basic principles: Spend less than you earn, make the money you have work for you and be prepared for the unexpected. And then trust The Family Credit Union to guide you through your life stages.
Congratulations and best wishes to you and the newest member of your family! Major transitions in life can be financially and emotionally overwhelming. When you’re ready to consider the financial impact your new changes will have, be sure to work closely with The Family Credit Union. Our FICEP (Financial Counseling Certification Program) certified MSRs can help you discover how your current needs can be met and set up long-term plans to stay financially on track.
The average age of a first time home buyer is 32. If you’re making your first purchase, it goes without saying that that the home buying process can be full of ups and downs. Allow us to help you with some expert guidance from our Mortgage Department and the many mortgage options we can provide you with.
For the young adult, learning ambition, mastery and direction over actions, maximum physical strength, and increasing confidence.
Student Loan repayment is a reality for people in this stage of life. Unlike grants or work-study aid, loans remain a part of your life long after college graduation. It's important for you to give some serious thought to how much debt you're willing to take on and to have a plan to repay loans as quickly and easily as possible. Suggestions for student’s repayment should be no more than 10 – 15% of a new grads income. To learn more about student loans, contact escannell@familycu.com.
A check is like a making a promise - a promise to pay someone money. You can write a check to buy something, or to pay a bill. When you write a check or get a check, it means that there is a promise to pay the money due within a day or two – when it comes out of the checking account. If you are 14 and over, you can open a Family Credit Union checking account and have a debit card (as long as Mom or Dad signs with you if you are under 18).
Start an emergency/opportunity fund: The uncertainty surrounding the world of work will likely means your life may be a series of job and career changes. If you need to go to school full-time to change career paths, you may have stretches of time without stable income.
Building up an emergency fund to cover three to six months of "bare bones" living expenses can help you control work-related transitions. This type of savings fund can also be used for opportunities such as starting your own business.
For youth, suppleness of body, quick change, development of intelligence, learning, personality, maturation and needing constant direction.
What is the most common dollar denomination printed at the US Treasury today? More $1 notes are printed than any other ($1 notes comprise about 45 percent of all notes printed). The Family Credit Union also has coins for the collector (state quarters, Presidential coins).
That doesn’t mean blowing your babysitting money on candy and soda. Paying yourself first is part of a long-term saving plan. Set money aside each time you get paid and pretty soon you’ll have quite a chunk of change! Check out this Savings Calculator.
Saving is important but it can also be fun. By depositing a little of your chore money or paycheck - as little as once a month - you’ll be surprised how it quickly it adds up at your credit union. Always ask Mom or Dad the best way to get you started. They might suggest Kirby Kangaroo Club or CU Succeed Teen Club.
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