Preventing Elder Fraud and Financial Exploitation

Fraud Money Management

Financial loss from elderly fraud is in the billions annually. Seniors are the fastest-growing population segment in Ohio and the Scripps Gerontology Center projects more than 1 in 4 Ohioans will be age 60 and older by 2025. Unfortunately, that growth has contributed to high rates of fraud and financial exploitation targeting the elderly in our state. The national rate of elder financial abuse is also high, with 1 in 20 cases of seniors falling victim to the crime, according…
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6 ways to prepare for retirement

Life Goals Money Management Spending/Saving

Planning for retirement can be daunting, leaving even the most-prepared individuals feeling anxious. In an Ohio Credit Union League 2018 consumer survey, 92 percent of respondents said they had at least one major financial concern about retirement. A majority of the survey’s respondents, about 74.6 percent, don’t plan to retire from full-time employment in the next five years, if ever. Ohioans’ financial fears surrounding retirement vary. Most, 27.5 percent, fear they won’t have time to save what they need. Another…
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5 Time-Tested Techniques for Investing for Retirement

How should you manage the money you’re saving for retirement? Here are five time-tested principles you can put into practice now: 1. Evaluate your investment mix. Because no one can regularly predict how investments will perform in the future, dividing your money among the different types of assets is a way to help reduce risk. 2. Review your portfolio. Annually evaluate how your investments are performing by comparing returns with their appropriate benchmarks. 3. Focus on the long term. Although…
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Life Change To-Do Lists

Life changes – like getting married, divorced, having a child, or facing widowhood – require more than an emotional adjustment. They also require certain financial adjustments. If you need help, you can get FREE financial coaching through Midwest Community. Learn more here. Marriage Have the money talk. Sit down with your significant other and set financial goals. Do you want to save for a new house? Have kids? Will you pool your assets or maintain separate checking or savings accounts? Discuss…
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How Do I Open an IRA?

A: An IRA can be opened in a few simple steps, and the process can go especially quickly once you find the right provider for your needs. You can complete the whole process online. IRAs are important tools for saving for retirement, but many people mistakenly think an IRA is an investment itself. Instead, it’s an account that holds your investments. Here we’ll walk you through the process of choosing an IRA provider and opening an account, step by step. 1. Determine what…
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Should I roll my old 401K over to my new employer’s plan?

A: If you’ve been at your previous job for a few years, you’ll need to decide what to do with your old 401K plan. If you aren’t careful and make a mistake in the way you handle the account, it could cost you in taxes and penalties, not to mention how it could affect your retirement planning.   According to a 2017 SHRM Employee Benefits survey, most organizations offer defined contribution plans to help employees save and plan for retirement….
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What is a 401K and how can I get the most out of it?

A: A 401K is a feature of a qualified profit-sharing plan that allows employees to contribute a portion of their wages to individual accounts.   A 401K plan is a type of retirement plan that your employer can legally offer to employees. The plan allows both the employee and employer to get a tax deduction when they put money into the employee’s 401K retirement account. In order to ensure you’re getting the most out of your 401K, make sure that…
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Investment Representative

The primary purpose of this position is to assist Midwest Community Federal Credit Union by delivering outstanding service to both internal and external members. A key element of excellent service is to identify the financial needs of each member and recommend an appropriate credit union solution. In addition, receives members in person and by telephone. Helps Member Investors reach financial goals utilizing our consultative sales process. In addition, responsible for ensuring that outstanding service is delivered to both internal and external members. A key component of this service is to provide proactive guidance on investment solutions via a needs-based consultative selling approach to both current and prospective Members who have placed an inbound call or referral to the Investment Representative.

For more details, please contact lfrysinger@midcomm.org.

Midwest Community Federal Credit Union is an Equal Opportunity Employer.

Member Service Representative

Midwest Community Federal Credit Union is looking for a Member Service Representative to process transactions, accurately perform end of day balancing procedures, follow company policies and utilize the core data processing system and various software applications, including electronic banking services. We are seeking candidates who are punctual, honest, friendly, and have outstanding communication skills. Please see the job description for a full list of duties. Resumes may be submitted to Sondra Manon at smanon@midcomm.org.

Midwest Community Federal Credit Union is an Equal Opportunity Employer.

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