Retirement and Investments
Nurturing your nest egg for your financial future.
- Deposit Promise
- CD Laddering
- CS Wilson
Your Deposits Are Safe and Secure
ECU, your savings are federally insured by the U.S. Government through the National Credit Union Administration (NCUA). NCUA insures your individual savings accounts up to a maximum of $250,000, regardless of the number of individual accounts you may have.
Effective April 1, 2006, NCUA has announced that they will now insure IRA deposits up to an additional $250,000 instead of $100,000. Joint, individual, retirement, and other account relationships are insured separately. To view NCUA Deposit Booklet click here.
In addition to NCUA, Excess Share Insurance (ESI) provides an additional $250,000 of savings coverage to qualifying accounts. ESI is a licensed property and casualty insurance company. Members exceeding the maximum level of coverage provided by the NCUA are also insured up to an additional $250,000 by ESI. For example, if a member has a savings account, checking account and certificate of deposit at ECU that when added together totals $300,000. The first $250,000 is insured by NCUA with the remaining insured by ESI.
INDIVIDUAL RETIREMENT ACCOUNTS (IRAS): Education Credit Union is your financial partner for life, so there’s no better place to start planning for your retirement years. Choose a Traditional IRA or a Roth IRA. Each earns competitive interest rates, requires no additional set-up fee or a maintenance fee and provides all the tax advantages you need. Deposits may be tax deductible, and your investment grows with tax deferred interest. You can open an IRA with us for as little a $50.
At the most basic level, by “laddering” your CDs, you avoid investing all of your money at a low rate of return. You increase liquidity because you are never more than one year from a portion of your money at any time.
Here’s how it works. You take an amount of money to the bank—for math’s sake we are going to say $5000. You invest $1000 of that money into a 1 year CD, $1000 in a 2 year CD, $1000 in a 3 year CD, etc. Each CD represents a rung of the ladder.
At the end of the first year, when the first CD matures, you take that money and re-invest it in a 5 year CD. Now you again have 5 CDs with the next one maturing in one year. At the end of each year, you invest the full amount of the matured CD into a new 5 year CD.
By investing in multiple smaller CDs, the investor has less risk of interest rate swings because there is less money invested in each CD. The rewards are higher in the end as well, and the flow of income is steadier because 1/5 of the investor’s assets are liquid at the end of each year.
C.S. Wilson & Associates
Education Credit Union and C.S. Wilson & Associates, Inc. have teamed up to provide financial services for all of the members. Cathy Wilson, CFP is here to help members strive to pursue their financial goals.
2324 Lakeview Dr.
Amarillo, TX 79109
Services offered by the C.S. Wilson Team*
- Customized Financial Planning
- Asset Allocation Modeling (conservative to aggressive growth)
- Fee-Based Asset Management (using no-load funds)
- Educational Funding Strategies
- Insurance evaluation (life and long-term care)
- Retirement Planning (IRA’s, Traditional and Roth, 401k plans, Simple IRA’s, 403b’s)
- Beneficiary Check-ups
- Independent wealth management advice
- Estate Planning
|Cathy Wilson, CFP, established C.S. Wilson & Associates, Inc. Financial Advisors over 30 years ago. She is passionate about providing all of her clients with caring, independent, and practical financial guidance. This includes establishing and monitoring financial strategies for retirement planning, estate planning, and investment planning. Her number-one priority is to serve her clients with the utmost integrity, trust, and respect.|
|Sally Miller, Executive Assistant, joined the firm in 2007, after teaching for 33 years. Sally is in charge of client relationships and compliance. She also coordinates the day-to-day operations of the office and loves interacting and helping our clients with all of their needs. Her enthusiasm and love of life make her a favorite with all of our clients!|
Securities and Advisory Services offered through Cetera Advisors LLC, Member FINRA/SIPC
Cetera is under separate ownership from any other entity. Investments are: Not NCUA insured, not a deposit, not Education Credit Union guaranteed, not insured by any government agency, may lose value.
C.S. Wilson, Education Credit Union, and Cetera Advisors LLC. are not affiliated companies