Tag Archives: Retirement

Letter from the CEO: We’re all ears!

All good things must come to an end…and be replaced with something way better!

You may have noticed a few changes around here lately. Not only did we redesign our website with a fresh new look, but we also upgraded our Online and Mobile Banking solutions. We are very excited to bring you these enhancements to give you easier access to your accounts, and smarter technologies that will give you an even better banking experience!

Some of these new features include the ability to customize your accounts in Online Banking by hiding and sorting your accounts any way you like – creating an online banking experience of your own. We also introduced our new Money Management tool that will help you track your budget and spending, as well as giving you valuable insights about your finances – ensuring you are in control of your financial life.

This time last year, we received valuable input from our members who expressed interest in having access to Financial Advisory Services here at USAgencies Credit Union. Which is why we are excited to announce we have partnered with Michael Volk of KMS Financial Services, Inc. to offer investment services and financial planning to our members. Michael shares our member centric values and has been working with credit unions since 2003. This fall Michael will have a presence in our branch and will be available to members.

Your input has provided us valuable information and direction on how we can serve you better. Meanwhile, USAgencies Credit Union will continue to strive towards our mission – To provide solutions to improve each member’s financial life, in the years ahead.

Jim Lumpkin, President/CEO, USACU
Jim Lumpkin
President/CEO
USAgencies Credit Union

 

 

 

Letter from the CEO: Retirement Savings

Did you know that nearly half of all American families have no retirement savings? That is not a recipe for retirement happiness.  Saving for retirement is the most important thing you can do to ensure a financial future full of exciting possibilities.  But, it takes effort and a long-term commitment to saving regularly to get you where you want to be.  It’s estimated that you will need a retirement income of 70% or more of your earning income to maintain your current lifestyle throughout your retirement years.  Are you on track?

There are several savings tools available to help you reach your retirement goals. It’s important that you educate yourself on the benefits of each investment tool, to ensure you retire with adequate financial resources.

If your employer offers a 401(k) plan, take full advantage of your employer’s match. Maximizing the match ensures that you get the full benefit of the “free money” your employer contributes towards your plan.

An Individual Retirement Account, or IRA, is another great way to help you reach your retirement goals. You may also consider making a tax-deferred contribution to a traditional IRA, which can be applied to your 2017 tax return (if made before April 17, 2018).

Increase retirement savings amount each year until you are saving 10-15% of your income. Let us know what questions you have about IRA’s, or other savings tools, – we’re here to help you reach your retirement goals.

Jim Lumpkin, President/CEO, USACU
Jim Lumpkin
President/CEO
USAgencies Credit Union