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Life Events Planning

Marriage
New Baby
Divorce

Congratulations! Lots of changes will be coming your way. From the gift registration and the ceremony, to the reception and the honeymoon, this is a special event. We can help. Personal loans, VISA credit cards and even a Home Equity Loan may be a good way for you or your parents to help manage the cost of your wedding, honeymoon, and the setup of your new home.

Details needing attention after the wedding:

  • Joint Accounts. Your new life with your spouse means combining a lot of things, like your appliances, furniture and credit union accounts. If you haven't already added your spouse to your checking and savings accounts, that's one of the first steps you need to do. Remember to bring a copy of your marriage license and your new driver's license or state ID if your name is changing.
  • Re-order checks to include your spouse
  • Order new VISA Debit and Credit Cards
  • Change your information with your local Social Security office (if name change)
  • Get your drivers license information updated
  • New Address? Make sure to update your credit union accounts
  • Make sure to update all your insurance policies, any brokerage accounts, and your credit union accounts

NOTE: Money can be one of the biggest dividing points in a new marriage. Don't let this happen to you. Talk with your spouse-to-be early in your relationship about finances and financial goals. Focus on areas of agreement and recognize that autonomy might be important early on.

Loans
Weddings can be expensive, and bills can rack up fast. Consider a debt consolidation loan. It can be an easy way to reduce your interest rate and make your payment simpler by pulling all of your debts into one monthly bill.
The Future
As you look forward to married life, you might want to consider your financial goals. Are you saving for a new home? Preparing for a family? HCU can help. We offer investments in Money Market Accounts, IRAs, Certificates and more. And, through our HCU Investment and Insurance Services group, we can offer professional advice, more sophisticated investment options, and long-term financial planning.

Congratulations! A new baby can bring joy like nothing else can. But along with the baby comes a host of issues you need to address.

Rethinking the Family Budget
Children are expensive. The cost of welcoming a new child into a family can run more than $30,000 for the first two years. From sports to dance lessons, school clothes and college tuition, the expenses never seem to end. So, one of your first priorities should be a written budget.

Employee Benefits
If both you and your spouse will continue to work, evaluate both of your benefit plans to consolidate the best and most cost effective features from both of them.

More

  • Update beneficiary designations on all insurance policies and financial accounts.
  • Consider life insurance for your new child.
  • Watch out for scams. There are well know cases of Modeling & Photography scams, Social Security scams, Child Genius scams and more. Marketers will be trying to gain your business through a variety of ways, but keep a close eye on the offers as the scammers like to blend in with the rest of the pack. Remember, don't give out confidential information and if it sounds too good to be true, it probably is.

The Future
Heartland Credit Union can help you on your way to saving for your child's future. We offer many great savings options for parents. We also offer special youth accounts, to help get your child interested in their finances at an early age.

  • Savings Accounts & Certificates
  • These dividend earning accounts are a good way to save.
  • Coverdell IRA's
  • The Coverdell Education IRA allows you to save for college expenses such as tuition, books, housing and more.
  • 529 Plan
  • A 529 Plan is a higher education savings program which provides tax-deferred benefits. It gives you the power of tax-free earnings growth.  Available through our HCU Investment & Insurances Services group.
  • Youth Accounts
  • Good financial habits start early. We offer our Scottie Savers Savings Club for children up to the age of 12. It features savings rewards and a quarterly newsletter. For those age 13-24, we offer the Gateway account, which has an emphasis on very low fees, education, and even offers a grade point bonus.

Making smart decisions through a divorce can help take some of the stress out of this difficult process, while improving your financial situation for your new phase of life. The key is to come in early and discuss your needs with one of our Financial Service Representatives. They can help with a variety of products and advice. Together, we can help you keep your finances straight.

Setting up Your Own Accounts
Once you're a HCU member, you are always a member. Even if you married into an Heartland Credit Union membership, we've got you covered. While we never remove spouses from an account, we can close them and set up new accounts in your own name. All at no charge to you. NOTE: After a divorce, all joint loans are still the responsibility of both parties. Even if a judge absolves you of paying a debt, you are still obligated unless your lender agrees to remove you from the loan.

Moving
If you're relocating to a new home or apartment, let us know. We'll be happy to update your account information

Financing a New Home
If you're looking to buy or rent a new home, our Mortgage Department can help you. We offer great rates and flexible terms on both fixed and variable rate mortgages. We offer a variety of options to fit your needs.

Credit Cards and Loans
It is important to manage your debt carefully during this period. We offer a variety VISA credit cards to fit every lifestyle. If you're juggling debt, a consolidation loan can help wrap your various debts into one simple monthly payment with a low rate.