Official Credit Union of UMass Athletics

Official Credit Union of UMass Athletics

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Archive for May 2015

Market Month: April 2015

By Craig Boivin.

Investors seemed to take their emotional cue from a spate of mixed earnings results and economic data, waffling between enthusiasm and caution throughout the month. The Nasdaq finally recouped the losses it incurred during the technology crash 15 years ago, hitting a new record high during the third week of April. It then gave up much of that ground to end the month less than 1% higher than where it started. The S&P 500 and Russell 2000 indexes also managed to hit new highs, only to retreat again, posting a modest gain of 0.85% and a loss of 2.61%, respectively. The benchmark 10-year Treasury yield rose past the 2% mark.

Non-deposit investment products and services are offered through CUSO Financial Services, L.P. ("CFS"), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. UMassFive College Federal Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members. 

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Using Term Share Certificate Ladders to Raise Your Rate

By Sean Capaloff-Jones.

Sticking money in a savings account can be a great way to build an emergency fund or a good place to put money while you figure out what to do with it, but with rates sitting near-zero, many are looking for a better way, missing even the measly 0.25% interest rates of years past. An often unknown or overlooked savings mechanism is the Certificate of Deposit - or as credit unions call it, a Term Share Certificate.

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