What’s a Certificate

Save with a certificateSaving for your future is one of the most important decisions you can make – the sooner you start, the more you’ll have. It’s an easy way to create peace of mind for many reasons, and while there are many reasons to save, there are also many ways to save.

For some, the saving has reached a point where funds are simply waiting for bigger and better opportunities. This is where a certificate might just come in handy.

But what is a certificate? How does it work? And how do I know if it’s right for me?

In many ways, a certificate is a lot like your traditional savings account. But, in a lot of ways it isn’t. Similar to the bank issued Certificates of Deposits (CDs), with a certificate , you are agreeing NOT to touch your deposit/s for a set amount of time. The longer the term length of the certificate you choose, the longer you are committing to keeping those funds with your financial institution.

Of course, investing all of your money into a certificate isn’t going to be the fastest way to grow your portfolio. However a good rate can make all the difference in your financial plan. The one big advantage over a savings account is that with a certificate the rates are almost always higher.

Additionally, certificate specials will have fixed rates, meaning the rate won’t change during the term of the certificate. But remember, with a savings account you can move your cash in and out as often as you’d like. Early withdrawal penalties can differ, but with a certificate account, if you don’t plan ahead, you could end up losing some or all of the interest you’ve accrued.

By making smart decisions with investments certificates can be a viable option for solid returns on your deposit/s. And at Wauna Credit Union, your funds are insured up to $250,000 through the National Credit Union Administration.

Contact your local Wauna Credit Union branch to see if a certificate is right for you. Our mission is to provide you with opportunities to build your financial well-being. It’s important that we offer options and alternatives that make sense for you.

Take a look at our current our Certificate Special here.

What is Credit Union Strong? Great Links & $$$ Prizes!

FB_Poster Polaroid_1200_9What is Credit Union Strong?

Our month-long youth celebration is focused on the theme of “Credit Union Strong”.

Young people face a bewildering financial landscape in their immediate future—one where technology has made spending as easy as breathing and the cost of higher education continues to skyrocket. That’s why we believe it’s more important than ever to ensure our youth possess strong money management skills.

As a not-for-profit financial cooperative, our core values include member education and social responsibility. We care about the community where we live and work, and the people in it. We look forward to watching the next generation grow and make it even better.

By instilling the habit of saving at a young age, offering positive encouragement, and providing financial education, we can prepare our community’s youngest members for brighter futures by helping them grow into financially capable adults. Credit union strong means having the money skills to embrace an awesome future, and leaving your community better than you found. That’s why we take our mission of helping youth so seriously.

Of course, we realize the biggest influence on anyone’s life is his or her parents. So if you want to start your kids on a path to financial strength, participating in Credit Union Youth Month is a good start.

Bring your financial fitness buffs into Wauna Credit Union and help them pump up their savings.

Young People Can Win at Wauna CU!FB_Make Your Future Awesome

  • Coloring Contests! Prizes will be awarded for Coloring Contest winners!
  • Download the coloring sheets: EAGLE / STRONGMAN
  • New Jump Start Club members drawing! Win bonus deposits of $25 or $50 just for opening a Jump Start Club account!
  • JUST ANNOUNCED! Make a video & Win $100 (All Jump Start Club Members are welcome to participate) – Grab your phone, video camera or other device, and make a quick video, tell us in one minute what you like about Credit Unions, and especially Wauna Credit Union. Post it on any of our social media channels, and we will pick a winner and a runner up! $100 for the winner & $50 for the runner up.

GREAT LINKS FOR KIDS & PARENTS: