Page 5 - Catholic Federal Winter 2019 Newsletter
P. 5
Social Security
AND YOUR RETIREMENT
SEMINAR
What’s Brewing at CFCU Regardless of when you plan to retire, Social Security
will likely be an important part of the road ahead. But
„„ Msgr. Forbes Scholarship applications are available online at many individuals don’t realize there are options to
www.cathfcu.com. The college scholarship is available to members consider when it comes to collecting Social Security.
of the credit union who are planning to attend or are currently The decisions you make now could help you get more
attending a college, university, community college, or a trade or out of your benefits.
technical school. Since 1982, the scholarship committee has Your plans for drawing Social Security are a critical
awarded $1.96 million dollars to students who want to begin or financial decision, and if you know the rules of the
continue their education. The 2019 scholarship application are road, it can make a big difference in the success of
due by March 9, 2019. your retirement journey. Whether it’s the timing of
starting Social Security, or options for you and your
„„ Free financial counseling, debt management plans and credit spouse to coordinate your income plans, the path
report reviews are available for all members with GreenPath you follow could help you get the most out of your
Financial Wellness. To utilize this free service, call (877) 332-2235. benefits. This seminar will address these issues and
answer more of your questions:
„„ Martin Luther King Day Closing. All locations will be closed Monday, • What are the rules for collecting your Social
January 21, 2019 for staff development.
Security benefits?
„„ Good Friday Closing. All locations will be closed from Noon – 3pm on • How can spouses coordinate their benefits
Friday, April 19, 2019.
and possibly receive more?
„„ All locations will be CLOSED Saturday, April 27, 2019 for staff • Are there different routes to take that could
development.
potentially increase your benefit amount?
„„ Starting Tuesday, January 8, 2019 all locations will open at 10am • How can Social Security fit within your
on Tuesday’s for staff development.
overall retirement income plan?
Diane Fong Appointed
as a Board of Director Join us for an educational seminar on Wednesday,
January 23rd at 5:30pm at Horizons Conference
Catholic Federal is pleased to announce the Center, Saginaw, Michigan. This no-cost, no-obligation
appointment of Diane Fong to its Board of Directors, seminar is hosted by Noah Ferrio, the Financial
following the retirement of long-serving director Mr. C. Advisor at Catholic Federal Advisory Services.
Patrick Kaltenbach. For more information or to reserve your place, call
Ms. Fong is currently the President & CEO of the Bay Area Community 989.799.8744 ext. 112 or 989.797.7194 or email
Foundation. In combination with her role at BACF and her demonstrated noah.ferrio@cunamutual.com. Space is limited, so
commitment to community building and philanthropy, she will bring make your reservations today.
a wealth of expertise to the Board that includes strategic planning,
research and evaluation and media and communications. MEMBERS Insurance & Investments and MEMBERS are marketing
“I have been a long-time proponent of credit unions and a member of names for the products, services and programs offered by CMFG Life
Catholic Federal Credit Union,†said Diane Fong. “Catholic Federal Credit Insurance Company (CMFG Life), MEMBERS Life Insurance Company
Union is committed to the communities it serves, provides services (MEMBERS Life) and other leading carriers. MEMBERS® is a registered
and educational offerings to improve the well-being of its members trademark of CMFG Life. CUNA Mutual Group is the marketing name for
and supports area youth through scholarships and financial literacy CUNA Mutual Holding Company, a mutual insurance holding company,
programs. I am honored to be able to serve my fellow credit union its subsidiaries and affiliates. Not NCUA/NCUSIF/FDIC insured, may
members on the Board of Directors.†lose value, no financial institution guarantee. Not a deposit of any
Ms. Fong also volunteers her time with several organizations, including financial institution. Representatives are not tax advisors or Social
the Bay Area Chamber of Commerce Nominating Committee, Great Security experts. For information regarding your specific tax situation,
Lakes Bay Regional Alliance Quality of Life Council, Blue Cross Blue please consult a tax professional. To discuss your specific Social
Shield Community Advisory Council. Security benefits, please contact the Social Security Administration
“Diane’s knowledge and skills will add great value to the Board of office in your area.
Directors and her past involvement with the “Run For Your Heart MGA-840815.3-0217-0319
Community Races†is a true testament of her commitment to her © CUNA Mutual Group 2017
community,†said President & CEO Alan Watson. Catholic Federal Advisory Services Advisors are registered
representatives of CUNA Brokerage Services, Inc. Securities sold,
advisory services offered through CUNA Brokerage Services, Inc. (CBSI),
member FINRA/SIPC , a registered broker/dealer and investment
advisor. CBSI is under contract with the financial institution to make
securities available to members.
Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial
Institution Guarantee. Not a deposit of any financial institution.
CUNA Brokerage Services, Inc., is a registered broker/dealer in all fifty
states of the United States of America.
