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Cardinal News

Check out some of the latest news articles and find out what’s new with Cardinal Credit Union.

4 Finance Topics Every Kid Should Know

It’s never too early to learn how to handle your money. Imagine if your child were suddenly about to move out but never learned how to manage an income. The things kids need to know about finances are not that different than what adults need to know. However, it’s always better to think ahead and prepare your child for life away from the nest. Remember, these tips are pretty simple, so start early with your child and plan for the future. Need vs Wants This might be one of the more difficult concepts for younger people to grasp. There is…

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Cardinal Assistance Loan Programs

Cardinal Assistance Loan Programs We’re Here for YOU The health and safety of Cardinal Credit Union members and employees is our top priority. Our philosophy remains unchanged: to protect your assets, provide access to your money, and secure your financial future. People helping people has been our principal tenet for more than 67 years. One of which our Credit Union was founded on, and one of which we still honor, today. We are a reliable, strong, and fiercely independent financial cooperative. When you bank with us, your money is safe. This includes the backing of the U.S. Government through the…

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Message from our CEO – We’re Here for YOU

Dear Members, at Cardinal, the safety and well-being of our members and employees is always our top priority and we recognize the important role we play in making sure you have access to the financial resources and services you need. As a reminder, we have implemented a temporary drive-through only service, which began on Monday, March 16 through April 3, 2020, at our Mentor, Willoughby, and Ashtabula locations. The Austintown Branch lobby will have changes beginning on Monday, March 23rd as follows: Limiting the lobby to one member at a time. Added online scheduling to the Cardinalcu.com website to make an appointment for Austintown. The…

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Cardinal Responds to Coronavirus Outbreak

As a financial cooperative that puts people first: the health and safety of Cardinal Credit Union members and staff is our top priority. As we continue to monitor the impact of Coronavirus (COVID-19) in our region, please be assured that we are taking preventative measures in our branches to mitigate the spread of illness and ensure seamless access to your finances. These include: Hand sanitizers and Lysol distributed to all branch employees. Washing hands frequently. Disinfecting staff work areas twice a day, as well as frequently touched objects or surfaces (door knobs, teller counter stations, ATM screens, drive-through canister) to…

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Thank you for joining us at our 67th Annual Meeting

Thank you for joining us this morning at our 67th Annual Meeting held at The American Croatian Lodge in Eastlake. We sincerely appreciate Buyers Products, Component Repair Technologies, Ohio Broach, Willoughby-Eastlake Schools, Lake Catholic, our business partners, members, staff, and Board of Directors for their patronage.

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How much money you could have in retirement savings and Social Security on a $50,000 salary

If you’re like most Americans, you don’t know how much money you will need to retire comfortably. Sadly, 56% of Americans say they aren’t sure how much they’ll need in savings to make it through retirement, according to Northwestern Mutual’s 2019 Planning & Progress Study. And it’s not a surprise as to why. Experts recommend saving 10% to 15% of your income for retirement. And if you have a traditional job, you already pay 6.2% of your salary in Social Security taxes. But it can be hard to decipher how much money that will give you later on. In this case, there are…

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Presidents’ Day

There is no school on Monday for students all across the country. Many companies are closed, too. Almost everyone gets some time off as the nation celebrates Presidents’ Day. The holiday honors two of our greatest Presidents, George Washington and Abraham Lincoln. Every year, the third Monday of February is set aside by the federal government to honor these men and their contributions to the nation. The celebration officially started in 1880, when Washington’s Birthday (February 22) became an official holiday in Washington, D.C. It became a national holiday in 1885. In 1971, Congress officially moved the holiday to the…

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