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LSFCU’s financial services partner is Park Financial Group, a full service financial planning organization based in Lyndhurst with a branch office in Mahwah. Park Financial Group professionals work with our members to review and evaluate their current financial status and financial goals. In addition to offering a full range of insurance services members can also purchase stocks, bonds and other investment vehicles. Securities offered by Cadaret, Grant, & Co. Member FINRA/SIPC. Not NCUA insured. No bank guaranteed. May lose value.
- Health Benefits
- Retirement Planning
- Investment Strategies
- Life and Disability Insurance
Traditional IRA
- Save for retirement with immediate tax benefits
- Contributions are tax deductible
- Earnings grow tax deferred until withdrawal
- Brokerage Accounts
- Individual or joint accounts (stocks, bonds, mutual funds)
Roth IRA
- Save for retirement using after tax dollars
- No taxes are paid on the interest, dividends or gains—ever
- Earnings can be withdrawn tax-free when certain conditions are met
- Your principal amount is never subject to taxes or penalties when you stay within the contribution guidelines
Education IRA
- Save for your child or grandchild's higher education costs before they turn 18
- Your contributions and their earnings are tax-free when withdrawn to pay for qualified higher education expenses
- Funds can be transferred from one child's account to an account for another child in the family.
LSFCU has the solutions and resources you need to create an effective Group Health program. LSFCU will provide a wide range of services related to the design implementation, maintenance, service, communication, and enhancement of your benefit programs. We can customize a package that will help meet your credit union's recruitment and retention goals.
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