What is the greatest advantage to saving money with MECE Credit Union? In one word – safety. MECE Credit Union savings accounts and Certificates of Deposit are federally insured and have a set rate of return; you will never lose any of the principal you invest, that is safety. Safety is the most important consideration when setting aside money that you “cannot afford to lose”.
Everyone should have emergency savings for unforeseen unemployment, auto repairs, medical emergencies, property damage, and legal issues. Most advisors recommend three months living expenses, plus all insurance deductibles, plus anything that would not be covered by insurance (ex. Your water heater goes out.) For most people this is around $10,000.00 to $15,000.00.
There is a difference between saving and investing. Investing for higher yields should only be done with money that you can afford to lose.
Another good time to save with MECE Credit Union is the retirement years.
Once you have achieved your retirement savings goal, why risk losing the money you have accumulated? Your tax deferred 401k and Pension can remain tax deferred by rolling it in an MECE Credit Union IRA. Your Credit Union is rated 1 nationally by Callahan & Associates among all Credit Unions for return to Member, which means MECE Credit Union is the safe option with the best return.
Protect your wealth with MECE Credit Union.