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Career-Focused Adult

Financial guidance for maturing adults without children

Maximizing your paycheck in your 30s and 40s is a priority during this time when your income tends to rise. You may have discretionary income for travel and hobbies, and the challenge is to find the right balance between spending and saving. The financial decisions you make now will have the greatest impact on the lifestyle you will enjoy during retirement. It’s important to note that people are retiring earlier and living longer, and you may need more money in the future than you think.

First Service Federal Credit Union can help you stay on track with your long term financial goals.

1. Shop for the best mortgage and consumer loans – Seeking the best mortgage or consumer loan by shopping, comparing and negotiating may save you thousands of dollars. A mortgage—whether for a home purchase, refinancing or a home equity loan—is a product, just like a car, so terms may be negotiable. You’ll want to compare all the costs involved in obtaining a mortgage including interest rates, points, fees and down payment and private mortgage insurance requirements. Home equity loans and lines of credit can be helpful when extra cash is needed to reduce significant credit card debt—but be cautious about re-building credit card debt once it is paid.

With competitive rates, experienced lending professionals and local decision-making, you’ll be sure to find a loan at First Service that meets your needs. 

Mortgage – Purchase
Mortgage - Refinance
Home Improvement Loans
Home Equity
Auto – Purchase
Auto – Refinance
Personal Loans
Consolidation Loans
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2. Understand your credit report - Your financial behavior over the past seven years, including how much credit you have, how long you've had it and whether you pay your bills on time is information included in your credit report. Three credit reporting agencies — Equifax, TransUnion and Experian — maintain these reports, and lenders buy them to help them decide whether to offer you a prequalification. Your credit report also carries your credit score ranked between 300 and 850 that many lenders use to decide whether you are creditworthy and will repay a loan. Your credit score can also influence the interest rate you pay. In many cases the higher your score, the lower your interest rate. Your credit score is available from the three credit reporting agencies:

3. Conserve time, money and paper with First Service Federal Credit Union’s convenient checking accounts with FirstCU Online and Mobile Account Access, BillPayer, e-Statements and network of free ATMs – You’ll reduce the time it takes to pay your bills and save on the expense of printed paper checks and postage while helping the environment as well.

Checking Plus Accounts – First Service offers a selection of easy-to-understand checking account options to meet your needs! Visit the checking account section on this website to choose the checking account that best suits your lifestyle. 
Free e-Services – First Service offers free, convenient e-Services including mobile check deposit to simplify your life.
CheckingPlus Benefits - Learn more about checking rewards programs such as FirstChoice VIP Cash Rewards, cell phone protection, health and travel benefits, and local shopping discounts powered by BaZing.

4. Improve Funds Availability and Save Time and Money with Direct Deposit – Take the worry and hassle out of payday! Have your paycheck deposited safely into your checking account. Simply print out our Direct Deposit Form, fill in your account information, and give it to your Pay Center. Our routing number is 244077682.

5. Save for Retirement — Many people underestimate the amount of money they’ll need in retirement. Be realistic about major expenditures, e.g., will your mortgage be paid off by retirement? If so, you may need less income than you do now. Do you plan to buy a vacation home or travel extensively? Will you have to pay for your own health insurance? These and other financial considerations come into play.

Now is a good time to up your contributions to your retirement savings accounts. Talk with a Member Service Representative at First Service Federal Credit Union to learn about the products we offer that can help you meet your retirement goals.

First Service offers a variety of IRA programs including regular share and certificate share accounts. All of our IRA Accounts are fully insured by the National Credit Union Administration's Share Insurance Fund to $250,000 per account separate from your credit union accounts, and have no annual fees or maintenance charges.

Traditional IRA – You can choose a Share Account for your Traditional IRA that requires a low $50 minimum opening balance. This account is a quarterly share account that yields dividend earnings that are tax-deferred until withdrawn. It's a terrific way to save for retirement through convenient periodic deposits. As your account balance grows, you may want to switch your Traditional IRA to a term-certificate to maximize your earnings.
Roth IRA – Any individual or spouse who is employed, with no age restrictions, can contribute up to $5,000 per year from earned income in after-tax dollars in a Roth IRA. While the contribution is not tax-deductible, all earnings are tax-free when withdrawn according to government guidelines.
IRA Certificates – IRA Certificates offer members the opportunity to deposit their IRA money into a Certificate Account. IRA Certificates are available with terms from 6 to 60 months. You select the term that is right for you. The longer the term, the higher the dividend rate for added tax-deferred earnings.


  • Understand what your credit report score means and take a pro-active role in monitoring it.
  • Resist the urge to cut back on savings to meet rising expenses or accommodate other goals.
  • Make sure your mortgage payment, including taxes and insurance, represents no more than 28 percent of your gross monthly income.
  • Spend less than you earn—it’s the simplest way to stay free from all-consuming debt.

For help determining the best accounts and products for sound and productive money management during your Career Focused LifeStage, please contact us at 614-836-0100 or email us at support@firstcu.com.

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