What’s the difference between a credit union and a bank? In his video blog, Gerry Agnes, President & CEO of Elevations Credit Union, explains that credit unions are not-for-profit financial cooperatives owned by members of the community. Banks, on the other hand, are owned by their stockholders, and they’re designed to make profits. Fundamentally, this
Throughout your career, you may face important decisions involving your retirement savings plan. For example, if your plan provides for Roth contributions, you’ll want to review the differences between these and traditional pretax contributions to determine the best strategy for your situation. While pretax contributions offer an upfront tax benefit, you’ll have to pay taxes
With just a few short years until you celebrate the major step into retirement, it’s time to begin thinking about when and how you will begin drawing down your retirement plan assets. You might also want to adjust your investment allocations with an eye toward asset protection (although it’s still important to pursue a bit
The latter stage of your career can bring a wide variety of challenges and opportunities. Older children typically come with bigger expenses. College bills may be making their way to your mailbox or inbox. You may find yourself having to take time off unexpectedly to care for aging parents, a spouse, or even yourself. As
In his monthly video blog, Gerry Agnes, our CEO & President, gives an inside look at what it’s like to work with our team at Elevations Credit Union, named one of the 2015 Best Companies to Work in Colorado by the Colorado Society for Human Resource Management. Learn more about our culture and careers with our
In addition to looking at your debt-to-income ratio and credit report, there are several other considerations underwriters take into account when reviewing your loan application. In this third and final part of our “Apply for a Loan” series, look at three additional questions underwriters ask. 1. How stable is your income? If you’ve been at your
As we look back at the 2015 mortgage market in Colorado’s Front Range, three trends are likely to continue this year. If you’re interesting in purchasing a home, keep these big-picture items in mind. 1. High demand: We continue to see demand in all different sectors of the mortgage market, from first-time homebuyers to move-up
When you’re considering applying for a loan, understand how underwriters look at you and calculate your debt-to-income ratio (DTI), plus take into consideration your financial situation and obligations to feel comfortable, as well.
Did you know that your credit union has its own foundation? It’s true. Elevations Foundation was born in 2010 and is charged with carrying out the philanthropic endeavors of the credit union. You are part of an organization that understands the importance of supporting critical community initiatives. Elevations Foundation has two primary responsibilities. The first
