Your Financial Strategy
Make sound decisions to reach your financial goals
Cedar Point Financial Services, Inc.
A wholly owned subsidiary of Cedar Point Federal Credit Union
Cedar Point Financial Services, Inc. provides a wide array of financial services to Cedar Point Federal Credit Union members and potential members including the promotion of education towards personal financial responsibility. By providing sound financial information, our members will build a better understanding of their goals and be able to make sound decisions to reach those goals.
Learn more about our services below.
Strategies for Individuals
It’s crucial that you follow a personal financial strategy, but we understand creating one can be complex and confusing. That’s why many of our members rely on their Cedar Point Financial Services representative for guidance. Professional expertise and experience, backed by a wide array of products and easy-to-understand consumer materials, can give you solid financial options for both your immediate and future needs.
As your financial needs change, our representatives are available to help you revise your financial decisions to best suit your needs.
Member satisfaction is our highest priority. That’s why our Cedar Point Financial Services representatives are there for you before, during and after the process.
Build a Competitive Product Portfolio
Life Insurance and Annuities* can play an important part in your financial design. Submit a request for more information and a representative will contact you to begin your financial strategy discussion.
Strategies for Businesses
Ensure your business will continue without you.
Did you know that 75% of businesses fail following the unexpected death of the founder?**
What would happen to your business if you weren't there to run it due to your death, disability or retirement? The business you've worked so hard to build could be threatened. But with proper business continuation preparation, you can help ensure that your business will go through an orderly succession when you are gone.
Reward your key employees with Selective Employee Benefits
While your business owes much of its success to your vision and efforts, it may have also grown because of the talent and dedication of your key employees. In today's competitive marketplace, it’s vitally important to recruit, attract and reward key employees. One of the best ways to do that is by offering them Selective Employee Benefits.
Traditional qualified plans can place limits on earnings, contributions and benefits, resulting in an "income gap" for highly compensated employees. Plus, there's no cost recovery for your company's out-of-pocket plan costs, and there are most likely no "golden handcuffs" in them to help you retain key employees.
Selective Employee Benefit Plan options
There are a variety of plan options that, depending upon how your company is structured and your retirement income objectives, can allow you to provide enhanced, tax-favored benefits to yourself and select key employees.
- 401(k) Overlay Plans
- Supplemental Employee Retirement Plans (SERPs)
- Deferred Compensation Plans
- Restricted Bonus Plans or Executive Bonus Plans
- Split Dollar Plans
- Retirement Planning
Submit a request for more information and a representative will contact you to help you develop a Selective Employee Benefits Plan based on your objectives and situation.
Strategies for Students
In addition to opening a Youth Account with Cedar Point, students have a variety of options for building funds for their educational needs. Learn more by visiting our Saving for College and Scholarships and Student Aid pages.
College Savings Calculator
See how much you’ll need to save to reach your education savings goal.
Start Calculating
*Insurance products are not deposits, obligations of, or guaranteed by Cedar Point Federal Credit Union and are not insured by the National Credit Union Share Insurance Fund (NCUSIF), or any other agency of the United States, Cedar Point Federal Credit Union, or Cedar Point Financial Services, Inc.
Please request a product brochure from a Cedar Point Financial Professional for further information regarding the products discussed.
This information should not be construed as tax advice applicable to each individual. Please consult a qualified tax advisor regarding your individual circumstances.
Investors should carefully consider the fund's objectives, risk, charges, and expenses before investing. Please refer to the prospectus, as it contains this and other pertinent information, carefully before investing.
All guarantees are based upon the claims-paying ability of the issuer. Annuities and life insurance policies offered by Cedar Point are primarily provided by The Penn Mutual Life Insurance Company and The Penn Insurance & Annuity Company, a wholly owned subsidiary of Penn Mutual. Products and features may not be available in all states. Cedar Point Financial Services is not affiliated with Penn Mutual Life Insurance Company.
**Source: Prince and Associates. Analysis of 749 family businesses that failed within 3 years of transfer to next generation.