Having a Baby

Congratulations! No matter if it’s your first child or your fifth, with the joy of a new baby comes a new level of financial responsibility. Let NIHFCU help you prepare your pocketbook for parenting!

Here are some considerations:

• Establish New Membership: Consider starting a savings account for your new child. Remember, he/she can become a member when he/she arrives! Check out our wide variety of deposit products.

• Education Planning: Begin thinking about the long term, especially regarding your child’s education. Contact MEMBERS Financial Services to discuss your options – including 529 College Savings Plans.

• Life Insurance: Should you not yet own a policy, we urge you to check out the many insurance options offered by NIHFCU to protect your family and your assets.

• Use your Home’s Equity: Creating a new nursery? purchasing baby furniture? Adding an extension? Consider a Home Equity Loan. We offer numerous fixed loans and lines of credit at fantastic rates.

• Low Rate Mortgage Options: If you’re growing family needs more space, remember that NIHFCU offers numerous low-rate morgtage options. We can also help you earn a rebate on your purchase (or sale) with our partnership with CU Realty.

• Automobile Loans: That two-seat convertible might not work for a baby seat and the family road trip. It may be time for a “family” car. Our auto loan experts can work with you to find a low rate auto loan that fits your budget. And with a list of members-only car buying services, finding a great car (new or used) at a great price is easy!

• Money Markets/Certificates: Looking for a higher yield on a deposit account than what you find in a regular Share Savings Account? Speak to an NIHFCU associate about our many deposit options. We’ll find you a high-rate option to suit your situation. Most certificates are also available as traditional or ROTH IRAs

Of course, should you have other questions about how NIHFCU can help you financially with your new family addition, please do not hesitate to contact us. We are happy to help in any way we can!