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KTFCU News

  • End of Life Financial Considerations Series (Part 1 of 3)

    Posted in Board Brief, KTFCU News on Aug 21, 2024

    IT'S A VERY TOUGH SUBJECT; END-OF-LIFE

    WHY BRING IT UP? End-of-Life is a topic most people want to avoid.

    92% percent of people surveyed say it's an important top.
    32% have had at least one conversation with loved ones.
    34% have an Advance Directive (outlining their medical desires & who, if not them, makes those decisions).
    32% have an Estate Plan with a Will (down from 45% in 1990), which legally documents their financial affairs.

    From the statistics, we all know the importance of planning for our future. As a nation,we are less prepared and we do a poor job of communicating it to loved ones...

  • CD Special

    Posted in KTFCU News on Jun 01, 2023

    Lock in the Great Rates while it's here!

    12 months

    3.75% apy. for a minimum $ 5,000 deposit

    4.00% apy. for a minimum $10,000 deposit

    Simply call us or click link below to send us your CD request.
    Please make sure to include amount and account number. https://kenteachfcu.com/contactus

    30 days notice will be given before the special ends.

  • Credit Union Deposits Are Safe

    Posted in KTFCU News on Mar 16, 2023

    The collapse of Silicon Valley Bank on March 10 is the second largest failure of a financial institution in U.S. history. The bank was shut down and put under the control of the FDIC following a 48-hour bank run and capital crisis. On March 12, regulators also shut down Signature Bank.

    While this situation does not include any credit union failure, it may still create consumer concerns and questions at credit unions. This is an opportunity to reassure credit union members about the safety and soundness of credit union deposits, remind them of the credit union difference as member-owned financ...

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