Important Document Series-Keep & Save Indefinitely (Part 2 of 4)

Posted in Board Brief, KTFCU News on Dec 18, 2024

The key to good document control is to know how long to keep them, how to securely store them and how to safely dispose of them.

In this edition, we look at documents to be considered saving indefinitely:

• Property Documents (titles, deeds, surveys, assessments & appraisals)
• Social Security Cards
• Education & Military Records
• Estate Planning Documents (advance directives, power of attorney, wills, trusts, etc.)
• Up-to-Date Beneficiary Designations (for all financial assets)
• Birth, Marriage, Divorce & Adoption Certificates
• Travel Documents (currently valid driver’s license, passport, nexus, et...

It's Scholarship Time

Posted in KTFCU News on Dec 01, 2024

KTFCU is offering two $500 scholarships along with the New York Credit Union Association and local Chapter. One application entitles students to be entered in all three scholarship programs. Prize awards vary.

Who can apply?
Members who are currently high school seniors planning to attend a 2 or 4 year accredited school in the fall of 2025.

Know someone who is not a member but qualifies? Have them contact us for eligibility guidelines.

Deadline to apply is Jan. 17, 2025. Applicants can click below for more details and application

https://nycua.org/uniting/scholarship-program/college-schol...

Important Documents Series -What to Save and When (Part 1 of 4)

Posted in Board Brief, KTFCU News on Nov 22, 2024

We all have piles of documents. They stack up in our file cabinets, on our desktops, on our hard drives and in our cloud storage. How do we segment them and how long do we need to keep these documents?

This series focuses on the type of documents we have and, generally, how long we should hold onto them. The kind of documents we collect vary in importance. Here are the types we all tend to amass.

• Federal & State Tax Returns (and the supporting financial documents)
• Banking Records (savings & checking, credit & debit card statements and term declarations)
• Investment Documents (IRA employer & in...

You Deserve It! Great Rates on KTFCU Certificates

Posted in KTFCU News on Oct 31, 2024

Our Certificate of Deposit rates are very competitive. Have your money earn interest for YOU.

3.75 apy. $ 5,000 & up 12 month term

4.00% apy. $10,000 & up 12 month term

Just give us a call at 716-877-1630 and we'll have your money earning dividends.

End-of-Life-Financial Consideratons Series (Part 3 of 3)

Posted in Board Brief, KTFCU News on Oct 16, 2024

Dealing with Deceased Loved One’s KTFCU Accounts
In the two previous Board Briefs, we talked in general about end-of-life issues. This issue focuses on specifics related to your accounts.

• First, recommendations on what you should prepare, and secondly,
• What someone will need to access KTFCU accounts that are in the name of (owned by) the deceased.

Our Recommendation: BE PREPARED

• Seek professional financial advice.
• Prepare an “Upon Death” reference binder. Below are some fundamentals to include. Of course, you should follow your financial planner’s advice
  1. Make a list of all online account...