The interest rates on savings accounts are at historic lows. Most savings accounts and retirement accounts are currently earning less the 1%. You do have options if you’re looking for a better rate of return.
Verity has Investment Services, offered through CUSO Financial Services, L.P (CFS)*. Through our Investment department you have access to other products that can offer the potential for a higher return than a share savings account.
The Investment department can provide advice on your retirement account. If you have a retirement plan though your employer, and need to move the plan, we can help. Members who have a 401(K), Thrift Savings Plan (TSP), 403(B), and other employer plans, can move them to an IRA. We can help you fill out the paperwork to complete your rollover, and most importantly, help you develop a plan.
Retirement planning can be a difficult task on your own. How to invest, when to take withdrawals, and the tax implications are important factors to consider. The same goes with your savings account. For long term savings, you want your money to grow. Growth is not achieved at an interest rate of less than 1%.
The investment options are vast. Based on your situation our CFS Advisors can help you seek growth, income, capital preservation, or ways to save for the future.
With currently $78 million dollars invested with our Investment team, they have the experience to help guide you in your financial future.
Meeting with an Advisor is complimentary for Verity members. Advisors are located at each Verity branch and meet by appointment. To schedule an appointment or to see if we can help you, please call or email, or ask a staff member.
Ken Butler: Serving the Auburn, Beacon Hill and Federal Building branches. 206-361-6713 KenB@veritycu.com
Gavin Chinn: Serving the Alderwood, Northgate, and Wallingford branches. 206-361-5311 GavinC@veritycu.com
*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 through CFS. Verity Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.
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