How Much Do You Really Need to Retire?

How do you know if you need to save more for your retirement, are right on target, or are going overboard?

The rule-of-thumb formula is to plan to live on 70% to 80% of your preretirement income during your retirement years, while increasing your replacement income annually at the inflation rate for 30 years.

This is a reasonable starting point.

But these assumptions can over or underestimate the true cost of your retirement. One size does not fit all. Your actual replacement income requirements will more realistically range from 54% to as much as 90% of your preretirement income

What Newbie Home Buyers Need to Know

Buying a house is an exciting time for you. A little scary, as well, but your allies at Madison County Federal Credit Union have your back. We can help you minimize anxiety by being prepared.
If you haven’t already, call a loan officer at 644-3623 and have a conversation about your questions and your goals. Here are some of the things you might talk about:

Bank With Us Anytime, Anywhere

mobile banking buttonYou’re constantly on the go and checking your balance and paying bills from home might not always be convenient. Madison County Federal Credit Union’s mobile banking allows you to do this and more—when and where it’s convenient for you. With our Mobile Banking you can:


How To Tell If Your ID Has Been Hacked

The 2013 Identity Fraud Report from Javelin Strategy & Research, Pleasanton, Calif., revealed that almost one of four consumers who received a data breach letter became a victim of identity theft. The same study revealed that consumers who had their Social Security number compromised in a data breach were five times more likely to be a fraud victim than the average consumer.
How can you tell if your identity has been compromised?

membership eligibility…

Membership in Madison County Federal Credit Union is now easier than ever! If you live, work, attend school, worship, or volunteer in Madison County you meet our new eligibility requirements. Our new, less restrictive Field of Membership allows us to offer the benefits of credit union membership to all of our friends and neighbors in Madison County