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INVESTMENT SERVICES

The MEMBERS Financial Services Program is offered through CUNA Brokerage Services, Inc.*, a broker/dealer focused on serving credit union members. CUNA Brokerage Services, Inc. is an affiliate of CUNA Mutual Group.

You can build your nest egg nine different ways

It’s one thing to save for a car, or a down payment on your home, but saving for retirement, or your child’s college costs, is a much longer commitment. It takes a slow and steady approach, and we have plans to help you sock money away for those long-term goals that won’t stress you out along the way. Veteran savers know that time makes a difference; we offer investment plans that put time on your side.

The MEMBERS Financial Services Program can help you plan for life’s events—expected and unexpected. Experienced MEMBERS Financial Services professionals located at most stateside Service Credit Union branches will listen to your needs and help you make the right financial decisions for you and your family. For more information and to talk to someone you can count on, please contact a MEMBERS Financial Services Representative for a no cost, no-obligation consultation..

They have the experience and know-how to help you with:

  • Retirement Income Planning
  • Traditional or Roth individual retirement accounts (IRAs)
  • Spousal IRAs
  • Direct rollovers of retirement plans to an IRA
  • Trust accounts
  • Uniform Transfer to Minor accounts
  • 529 college savings program accounts
  • Fixed, fixed indexed, variable and immediate annuities
  • Whole and term life insurance
  • Long-term care insurance
  • Wealth transfer and gifting
  • Small business retirement plans
Thomas R. Burbank, CRPC®
Thomas R. Burbank, CRPC®
Financial Advisor
FINRA BrokerCheck
Beth Hammond
Beth Hammond
Financial Advisor
FINRA BrokerCheck

Retirement Income Planning

Are you wondering how to create sustainable income from your retirement assets?  MEMBERS Financial Services representatives can help to organize and manage your retirement income plan, to assist in making the right plan for you.

Not sure where to start when it comes to your retirement? We have put together a sample retirement income plan to show an illustration of our planning services.

IRAs

Individual Retirement Accounts come in two flavors: Traditional and Roth. Traditional IRA contributions are often tax-deductible, and are exposed to tax-free growth potential over the years, until you withdraw them. Roth IRA contributions are made with after-tax dollars, but they also are exposed to potential tax-free growth—and you pay no taxes when you withdraw in retirement. IRAs can also be set up by a working spouse for a non-working spouse which can double a couple’s retirement savings.

When you change jobs, don’t leave your retirement plan balance behind! You can move those savings into an IRA with a direct rollover giving you more flexibility with your nest egg.

Inherited IRAs

Direct transfers are allowed into an inherited IRA by non-spouse or spouse beneficiaries who inherit a deceased employee’s IRA, or qualified employer retirement plan, 403(b) plan or 457 governmental deferred compensation plan.

Retirement Plans for Self-employed

If you’re self-employed or work for a small business, you may also be eligible to contribute to a SEP-IRA, SIMPLE IRA or 401k plan. Based on business or employment income, it may be possible to increase annual contribution amounts from the Traditional and Roth IRA limits.

Consult a MEMBERS Financial Services Advisor as well as your tax advisor for details.

Uniform Transfer

A simple type of custodial account named for the Uniform Transfer to Minors Act and the Uniform Gifts to Minors Act, UTMA/UGMAs allow parents, grandparents or anyone else to contribute. The money in the account is held in trust until the child turns 21 (in most states). Many families use these accounts as an alternative for saving for a child’s education.

529 College Savings

Saving for your child’s college education seems like a daunting task, but a great way to get started could be to open a 529 college savings account. Any growth in the account compounds tax-free. And withdrawals for qualified education expenses—tuition, room and board, and many other expenses—are tax-free.

Fixed, Fixed Indexed, and Variable Annuities

A tax-deferred annuity is a contract between an insurance company and a contract owner. In a typical situation the contract owner contributes funds to the annuity.  The money put into the contract is then allowed to grow for a period of time. At a future date, the contract may be liquidated or annuitized.  If annuitized, funds are paid out, generally through periodic payments made over either a specified period of time or the life of an individual or the joint lives of a couple.

  • Fixed Annuities can provide the following benefits:
    • Guaranteed interest rates for the term of the contract
    • Principal protection
    • Tax-deferred compounded earnings
    • Payouts to an heir generally without probate
    • Protection from creditors in most states
  • Fixed Indexed Annuities are similar to a Fixed Annuity but have the potential to credit you with higher earnings, than from guaranteed interest rate vehicles, through the performance of one or more underlying indices:
    • Guaranteed interest rates for the term of the contract, if the contract owner selects the “fixed account” option
    • Principal protection
    • Tax-deferred compounded earnings
    • Payouts to an heir generally without probate
    • Protection from creditors in most states
  • Variable Annuities offer some similarities to fixed annuities but do have key differences:
    • No guarantee as to investment returns or annuity benefits, unless the contract owner selects the “fixed account” option
    • Contract owner usually has the option to invest contributed funds in a wide variety of investment options called subaccounts
    • Principal amounts are not guaranteed, contract values could decrease with subaccount performance
    • Tax-deferral compounded earnings
    • Payouts to an heir generally without probate
    • Protection from creditors in most states
    • Various riders are also usually available, for an additional fee that can provide various guarantees such as lifetime income guarantees or enhanced death benefits
    • Variable annuities are offered by prospectus only. The prospectus contains information including charges and expenses. Before investing, please contact an advisor to obtain a prospectus. Read it carefully before investing.

Immediate Annuities

Immediate annuities are long-term contracts issued by a life insurance company. Typically purchased with a single, lump-sum payment, an immediate annuity can provide an income stream for a set period of time or for the rest of your life.

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*MEMBERS Financial Services Advisors are registered representatives of CUNA Brokerage Services, Inc. Representatives are registered, securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor, which is not an affiliate of the credit union. 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. FR-2549764.1-0519-0621