Retirement presents its own specific financial needs. riverset credit union can help members who are retired or thinking of taking this important step.
This unique milestone is met through wise planning and careful discipline. These principles also must continue throughout the retirement years.
Unfortunately, many people tend to think about retirement needs as solely long term. The reality is that a retired person needs quality day-in day-out financial products and services more than ever! riverset credit union is focused on helping retirees in a variety of ways; some of which are longer term, but we are also excellent providers of short term financial products needed by retirees such as Checking and Money Market accounts.
Consider the following product offerings:
Our checking products are always winners with retirees! It is extremely important in retirement to not overlook daily needs. It is not only about pensions and 401Ks. Our checking pays members who meet minimum balance requirements* and our Visa debit card can give you access to funds worldwide, not to mention, surcharge-free ATM access at any PNC Bank ATM Nationwide.
Auto Loans Whether you are off to visit family, heading to the golf course, or on the move to someplace warmer, an auto loan from riverset credit union can make retirement more enjoyable. Knowing that you can get an exclusive member-only rate on auto loans coupled with riverset credit union’s .25% rate reduction for having direct deposit of your retirement funds only sweetens the deal!
Home Equity We have fixed-rate Home Equity Loans and Home Equity Lines of Credit. These loans can help you tap into the equity you have built up over the years and put it to good use, all at riverset credit union’s great interest rates.
Visa Credit If you need a credit card for incidentals or for traveling, why not make it a riverset credit union Visa Credit Card? Our fixed rate Visa Classic has one of the best rates around without the fees or fine print you can expect to find at other financial institutions. Our Visa Rewards Credit Card pays you back a full 1% on qualified purchases. That's like getting paid just to use our already extremely convenient card!
Mortgage New mortgage loans and mortgage refinances are more frequently needed than most retirees realize. riverset credit union has mortgage rates and terms that are sure to be of help.
Certificates If you are looking to set some funds aside in an insured, safe and lucrative account, look no further than our Certificates of Deposit (CD). riverset credit union accepts CDs from 6 months to 5 years and only $500 will open each Certificate. Our Certificate rates are always some of the best around too!
Money Market One favorite of retirees at riverset credit union is our fair and beneficial Money Market Account. This account carries a reasonable minimum balance to get a superior dividend and it even has check writing capabilities.
Since direct deposit and loan payment methods tend to change upon retirement, please contact riverset credit union for help in this area. We would be happy to help you make sure that your new automatic deposits are arriving at the credit union correctly and we also can help set up new automated payments on any loans you may currently have.
Are you planning for retirement?
Get an early start
Save as much as you can as early as possible. Don't put off saving at any time throughout your career because the more time you have for your interest to compound, the better.
Use all methods available
If your company offers a 401K, use it. Your company's retirement plan may be one of the most valuable retirement options available to you.
Don't underestimate the value of compounding consistency
Saving money is always easier when it happens automatically. That's why we recommend having a Direct Deposit or some form of Payroll Deduction into your riverset credit union accounts. Through Direct Deposit, you can have your paychecks or other recurring payments electronically deposited into the riverset credit union account of your choosing. It is a safe, secure, and convenient way to pay yourself first.
Watch your money grow
You can manage all your riverset credit union savings and investment accounts with our NetBranch Home Banking or with our TeleBranch Telephone Banking systems. We also offer eStatements (located inside of NetBranch) so you can keep track of your finances, as well as electronically archive your statements.
Rest assured
Your riverset credit union funds are insured to at least $100,000 by the National Credit Union Administration (NCUA) and are backed with the full faith and credit of the U.S. Government. And your Credit Union IRA funds are protected separately for an additional $250,000.
*Other minor restrictions apply. Contact riverset credit union for details and view our checking page for more information. You should always contact your financial planner for your best retirement plan.
