09 Apr

Hey Baby Boomers! We’re Here for You

At Navigator Credit Union, we make it our mission to serve your financial needs at every age and stage of life. If you belong to the baby boom generation (those born from 1946 to 1964), then you’re in good company.

While every credit union’s membership is different, research suggests that more than 40% of credit union members are baby boomers.* It’s fitting that many baby boomers have made credit unions their financial home, because this generation has a history of seeking alternatives to traditional ideas and institutions (such as big banking).

Credit union membership is appealing and empowering, because credit unions work for people – not for profits – and members have a say in how the credit union is run.

Financial Solutions Off the Beaten Path

Baby boomers’ financial plans may include borrowing, saving and investing – but not necessarily in that order. They may manage multiple goals with creative and unconventional financial planning, from saving for retirement and paying for college tuition to refinancing a mortgage or taking a new career path. Navigator is tuned in to your unique goals, and we’re ready with a lineup of products and services that are flexible to fit your needs.

Loans from credit unions – for your lifestyle. We offer competitive rates on home mortgages, auto loans, home equity loans and personal loans to help you get where you need to be. Our refinancing options can help you pay off a first or second home or vehicle faster, and/or lower your monthly payments so you can focus on other financial goals.

Best savings plan – for the unexpected. Our savings accounts, certificates of deposit (CDs) and money market accounts help keep your emergency funds afloat. Building up emergency savings is particularly important if you juggle multiple responsibilities – perhaps caring for aging parents or providing financial support to adult children.

Insurance – for your changing needs. Our insurance representatives can review your homeowners, auto and life insurance coverage in light of the moving pieces in your life – teenage drivers, home improvements, divorce/remarriage, empty nest, etc.

Investing – ask a financial advisor. Our financial advisors can help you plan your portfolio for a brighter future, whether that means supporting a comfortable retirement or continuing to work. And even though retirement is a top goal for many baby boomers, we understand that this generation won’t be retiring to the proverbial rocking chair anytime soon!

Banking online or at a branch. You don’t have to be 20-something to keep up with online and mobile banking services. In fact, online banking is becoming uniformly popular across all age groups, according to a survey of Internet users.** When you want the convenience of fast, friendly in-branch service or access to free ATMs, Navigator has you covered. Call 228-475-7300 to learn more about what we have to offer, or visit www.navigatorcu.org.

* Source: Credit Union Times, Dec. 1, 2010.
** Source: Pew Internet & American Life Project, Generations Online in 2010.
23 Feb

Hey Generation Y! We’re Here for You

We serve members of all ages at Navigator Credit Union, and we love it when you connect with us in a multitude of ways. Generation Y (those born in the early 1980s to mid-1990s) tend to be early adopters of technology and online services. They search for fast, secure and innovative ways to manage their money on the go – and that’s what we do best!

Born in the Digital Age

It’s no surprise that the generation of kids who grew up with computers is comfortable making transactions online and via their mobile devices. They connect with everything – people, places, calendars, apps, their finances and more – from their computers and smartphones. They expect banking solutions to be transparent (no hidden surprises), quick and user-friendly.

The following products and services are geared for Gen Yers – and members of all ages – who prefer to be “plugged in”:

Online services – In a recent survey of Gen Yers, 80% used online banking within the past month, and most preferred e-bill pay rather than paper copies.* Go to https://navigatorcu.org to learn more about online banking and online bill pay with Navigator.

– Members of Gen Y tend to organize their finances electronically rather than dealing with paper filing. Their sense of environmental responsibility is a factor in their choice to reduce paper and save energy with e-Statements. Have you made the switch? Log in to ’N Touch Web and select e-Statements for your accounts.

Checking with a debit card – Gen Y uses debit cards more often than credit cards, while the reverse is true for the average American household.* With a debit card from Navigator Credit Union, you can manage your balance in real time and easily check your current balance through online banking or by setting up e-Alerts to notify you via email or text message of specific activities on your account.

Savings – Young people often struggle to build savings, but many Gen Yers are on the right track. More than 75% of those surveyed have a savings account, which is higher than any  other generation.* Do you have a savings plan? We can help you set up direct deposit or automatic transfers to make saving easier.

Loans – Of the Gen Yers surveyed who had personal loans, 36% applied for the loans online. When you need money for a car, college education or other big things in life, applying for a loan is quick and simple with Navigator. Visit www.navigatorcu.org to apply for your next loan.

Find Us Online and on Facebook – and Soon via Mobile

Visit our website at www.navigatorcu.org or “like” us on Facebook and you’ll receive notification of our new mobile banking app to be launched soon. As always, we love to hear your comments and feedback!

Source: Fiserv Inc. press release, March 1, 2010. Accelerant Research conducted the survey in 2009.