Members interested in serving on the Board of Directors must submit a letter of interest to the nominating committee. If the nominating committee doesn't nominate the member it would be the responsibility of the member to obtain a petition with the signatures of 1% of the credit union membership (314 members) as reported on June 30, 2019. The petition should include the candidate's name, member's name/signature and purpose of the petition. The petition must be presented to the President of the credit union by November 30, 2019.
Celebrate International CU Day with a Friendsgiving
You could win $1000 by referring friends and family
More than 260 million people now belong to credit unions throughout the world! We would like your help in providing services to more people in our area. Let your relatives, friends, neighbors, and co-workers know about the many benefits that you receive as a member of Guardians Credit Union and for every person that joins before November 31st, we will enter you in the drawing to win a $1000 gift card!
Anyone living or working in Palm Beach, Martin, or St. Lucie counties is eligible for membership.
You can now submit your referrals online below. REMEMBER: The more people you refer, the more entries you will have in the drawing.
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Once the loan is repaid in full, funds can be withdrawn from the savings account as desired!
Three Key Questions to Answer Before Taking Social Security
When to start? Should I continue to work? How can I maximize my benefit?
Provided by Jack Ramsay
Social Security will be a critical component of your financial strategy in retirement, so before you begin taking it, you should consider three important questions. The answers may affect whether you make the most of this retirement income source.
When to Start?
The Social Security Administration gives citizens a choice on when they decide to start to receive their Social Security benefit. You can:
Start benefits at age 62.
Claim them at your full retirement age.
Delay payments until age 70.
If you claim early, you can expect to receive a monthly benefit that will be lower than what you would have earned at full retirement. If you wait until age 70, you can expect to receive an even higher monthly benefit than you would have received if you had begun taking payments at your full retirement age.
When researching what timing is best for you, It's important to remember that many of the calculations the Social Security Administration uses are based on average life expectancy. If you live to the average life expectancy, you'll eventually receive your full lifetime benefits. In actual practice, it's not quite that straightforward. If you happen to live beyond the average life expectancy, and you delay taking benefits, you could end up receiving more money. The decision of when to begin taking benefits may hinge on whether you need the income now or if you can wait, and additionally, whether you think your lifespan will be shorter or longer than the average American.1,2
Should I Continue to Work?
Besides providing you with income and personal satisfaction, spending a few more years in the workforce may help you to increase your retirement benefits. How? Social Security calculates your benefits using a formula based on your 35 highest-earning years. As your highest-earning years may come later in life, spending a few more years at the apex of your career might be a plus in the calculation. If you begin taking benefits prior to your full retirement age and continue to work, however, your benefits will be reduced by $1 for every $2 in earnings above the prevailing annual limit ($17,640 in 2018). If you work during the year in which you attain full retirement age, your benefits will be reduced by $1 for every $3 in earnings over a different annual limit ($45,360 in 2018) until the month you reach full retirement age. After you attain your full retirement age, earned income no longer reduces benefit payments.2,3
How Can I Maximize My Benefit?
The easiest way to maximize your monthly Social Security is to simply wait until you turn age 70 before claiming your benefits.1,2