Millennials Don’t Think They Will Be Able To Retire
At The Financial Planning and Education Center we can guide and educate Millennials so they can start down the early path of saving to retire. Call us today at (312) 499-8888 or email@example.com.
The winners of our Educational Scholarship Program are:
Kyle N. P.
Nevaeh R. C.
Thank you, everyone, who participated in this exciting program, which is rooted in on one of our core values: education!
Save the date for the credit union's first-ever "Facebook Live Event," scheduled for Friday, July 28, at 10:30 a.m Central time. To "attend," please visit the CPFCU Facebook Page by clicking here.
CPFCU CEO Scott Arney will do a live drawing to pick the winners of the credit union's Inaugural Scholarship Program, which awards a $500 Educational Scholarship to two individuals.
To "attend" the live drawing on Friday, July 28, at 10:30 a.m. Central time, please visit the credit union's Facebook Page by clicking here.
As education is the cornerstone of financial literacy and the reason behind our Financial Planing and Education Center, the credit union is proud to "Invest in YOUth!"
For more information on the credit union's robust Student Loan program, please click here
For more information on the credit union's robust Student Loan program, please click here.
For more information on CEO Scott Arney, please click here.
For more information on Chicago Patrolmen's Federal Credit Union, please click here.
More Than 75% of Americans Have This Retirement Concern:
"Millions of Americans rely on Social Security to stay afloat financially in retirement -- perhaps more than they should. An estimated 25% of seniors 65 and older currently depend on Social Security as their only form of retirement income, and the program supplies the majority of retirement income to as many as 65% of present beneficiaries. But while today's seniors may have the luxury of collecting their benefits in full, at least for the time being, those eligible for benefits in the future may not be as lucky."
Click here to read the article.
Chicago Patrolmen's Federal Credit Union's Financial Planning and Education Center is proud to offer financial planning through our exclusive alliance with MAF Companies. Founded in 1967, MAF representatives are seasoned professionals with over 100 combined years of financial planning experience. They are knowledgeable about the specific challenges and obstacles that police officers and their families face. Their team will build upon that expertise and find solutions that fit your individual needs, budget and goals.
For a confidential conversation about financial planning to fit the needs of you and your family, contact the Financial Planning and Education Center by telephone, at 312.499.8888, or email, at firstname.lastname@example.org.
Do I need one more credit card?
Are you being tempted by credit card offers? How do you know when you have enough credit cards?
There is no magic number of cards that you should have. However, it is wise to make sure that you do not fall for the department store cards because they offer discounts on purchases. This is only good if you plan to pay the bill in full, otherwise you are looking at a high interest rate that makes that discount not so great!
Also, if you are only making the minimum payment on several credit cards, that may be a sign that you have more debt than you need.
Chicago Patrolmen's Federal Credit Union (CPFCU)'s Financial Planning and Education Center (FPEC) is available to work with members and their families to develop signature debt repair programs to get you started and continue working with you every step of the way.
Our trusted credit partner, Gwendolyn Hawkins, CCUFC, PCE, of Gwen's Helping Hands, is conveniently located at CPFCU Headquarters, in the Financial Planning and Education Center. Meetings with Gwen are confidential, informative and, best of all, free of charge for all credit union members! Among the services provided are: Credit Education, Financial Counseling, Budgeting Assistance, Credit Improvement, Debt Consolidation, Debt Restructuring, Dealing with Collection Agencies, Managing your Checking Account, Qualifying For a Mortgage, and Establishing Credit for the first time or Re-Establishing Credit.
You can contact Gwen by email at email@example.com.
Insurance Issues that Concern Married Couples
If you are married or planning to marry, you should determine how marriage impacts your insurance needs. The lack of proper insurance protection can lead into financial ruin. If you already have disability or life insurance policies, determine whether your existing coverage is adequate and update your list of beneficiaries.
How much life insurance do you need? You should have enough life insurance to enable your family to continue the lifestyle they were accustomed to before your death. If you have children, you may want to make sure that your children's college education bills will be paid. At the very least, you will want to ensure that your family will be able to pay for burial expenses and pay off any of your debts. When you reevaluate the adequacy of your existing coverage, you should keep in mind whether or not you and your spouse intend to start a family in the near future.
While life insurance ensures that your family is financially provided for at your death, disability insurance provides your family with income if you are unable to work as a result of a serious illness or injury. Disability insurance is a necessity if you have a family that depends on you for financial support. Although disability coverage can be expensive, depending on your age and the type of work that you do, it allows you to insure your most valuable asset: the ability to earn an income. You should consider disability insurance even if your household has two wage earners since most dual-income families have expenses that rely on both incomes.
You can always call Chicago Patrolmen's Federal Credit Union's (CPFCU) Financial Planning and Education Center (FPEC), which is proud to offer financial planning services through our exclusive alliance with MAF Companies. Founded in 1967, MAF's representatives are seasoned professionals with over 100 combined years of financial planning experience. They are knowledgeable about the specific challenges and obstacles that police officers and their families face. Their team will build upon that expertise and find solutions that fit your individual needs, budget and goals.
For more information, please call (312) 499-8888, or email firstname.lastname@example.org.
You've Made The Decision To Retire. Now what?
You have worked hard your whole life and you've made the decision to retire. Now, you need to manage your assets so your retirement savings last.
Review your retirement plan at least once a year to ensure you are on track to meet your goals. Contact MAF Companies at 844.COP.SAVE, or email email@example.com.
As part of National Police Credit Union's ongoing effort to meet all of your financial needs, we are pleased to introduce our new FOP Lodge Checking Account.
Our new FOP Lodge Checking Account features include:
In addition, you can deposit funds into your Checking Account via 5,000+ Shared Branch Locations and 30,000+ Shared ATM Locations!
To find the nearest Shared Branch location or surcharge-free ATM, click here.
Don’t wait any longer to make the switch. Simply call the credit union at 844-COP-SAVE and our Call Center will direct you to a representative, who will handle the process from beginning to end. If you would like to send an email, click here.
For more information on NPCU's new Lodge Checking Account, click here.
For more information on all NPCU products, services and programs, click here.
For information on how to become a member of NPCU, click here.