Coming soon in 2018! We are proud to announce that in 2018 we will start offering Valiant Checking to our younger members ages 13-17. There's no-minimum balance required, and these accounts are covered by free overdraft protection from savings. Each member receives one free box of 50 checks and will be able to easily manage this account via mobile devices.
Voter Registration & Family Fun Day
Join Guardians CU on Saturday, July 14 at Okeeheelee Park from 11am to 4pm in support of the Palm Beach Chapter of Credit Unions Voter Registration Family Fun Day. We'll be at the Alligator Pavilion celebrating with a bounce house, kids activities, face painting, balloon animals, food trucks, and a live DJ! Palm Beach County Supervisor of Elections representatives will also be on hand registering people to vote. Plus, special prizes will be given out to all newly registered voters!
At Guardians, we recognize the importance of participating in local, state, and federal elections as a symbol of our democracy. We encourage all Guardians CU members to not only register, but to participate in elections.
Did You Know About Our Credit/ Savings Builder Loan?
Building your credit is important. Our Credit/Savings Builder loan is designed to help members with no credit, little credit, or unfavorable credit. The loan is used to build or rebuild your credit score. By improving your credit score, you are likely to get better rates on loans, and save a lot of money in the process! Your successful payment history will then be reported to the credit bureaus, which can positively impact your credit score.
Features of the Credit/Savings Builder:
Members request a loan amount of $500–$10,000
Affordable APR1 of 4.00% above the current share savings rate
The approved loan amount is placed in a Guardians CU savings account, not eligible for withdraw, where it will earn interest
Terms up to 60 months
Once the loan is repaid in full, funds can be withdrawn from the savings account as desired!
Our savings account and money market account dividend rate doubled from .10% APY* to .20% APY* effective June 30, 2018! See website for more details and to also learn how you can earn as much as .30% APY* on your money market account!
How Much Money Will You Need In Retirement?
Have you underestimated?
What is enough?
If you're considering retiring in the near future, you've probably heard or read that you need about 70% of your end salary to live comfortably in retirement. This estimate is frequently repeated ... but that doesn't mean it is true for everyone. It may not be true for you. Consider the following factors:
Health. Most of us will face a major health problem at some point in our lives. Think, for a moment, about the costs of prescription medicines, and recurring treatment for chronic ailments. These costs can really take a bite out of retirement income, even with a great health care plan.
Heredity. If you come from a family where people frequently live into their 80s and 90s, you may live as long or longer. Imagine retiring at 55 and living to 95 or 100. You would need 40-45 years of steady retirement income.
Portfolio. Many people retire with investment portfolios they haven't reviewed in years, with asset allocations that may no longer be appropriate. New retirees sometimes carry too much risk in their portfolios, with the result being that the retirement income from their investments fluctuates wildly with the vagaries of the market. Other retirees are super-conservative investors: their portfolios are so risk-averse that they can't earn enough to keep up with even moderate inflation, and over time, they find they have less and less purchasing power.
Spending habits. Do you only spend 70% of your salary? Probably not. If you're like many Americans, you probably spend 90% or 95% of it. Will your spending habits change drastically once you retire? Again, probably not.
Will you have enough?
When it comes to retirement income, a casual assumption may prove to be woefully inaccurate. You won't learn how much retirement income you'll need by reading this article. Consider meeting with a qualified financial professional who can help estimate your lifestyle needs and short-term and long-term expenses.