Ohio University Credit Union Financial Services, located at the Ohio University Credit Union, is a personal financial management service offering members a variety of investment and insurance solutions to complement the savings programs offered by OUCU. Whether you work for the university or are self-employed and whether you're saving for college, retirement, or your first home, we can help!
Ohio University Retirement
Cory CorriganOur Financial Services program offers employees of Ohio University a wide variety of tools and services. We can assist you with saving, preparing and planning for retirement.
We are an approved provider of the following retirement savings programs:
- Alternative Retirement Plan (ARP),
- 403(b),
- and 457 deferred compensation.
For more information about these retirement plans and others please contact Cory Corrigan, Vice President of Financial Services, at 597-2859 or cory.corrigan@oucu.org
Rollovers
Did you know if you have funds with other investment companies such as VALIC, you can roll them over to OUCU Financial Services? We have many options for members.
If you're changing jobs or retiring, you're in the midst of an enormous change. You should seriously be considering what to do with the money in your:
- employer's pension plan,
- 401(k),
- 403(b)/TSA,
- or 457 plan.
Generally, there are four options for your retirement plan rollover:
- Leave it in your former employer's plan.
- Transfer it to your new employer's plan.
- Roll it over to a traditional IRA.
- Cash out and pay taxes and possibly penalties.
While each decision has its pros and cons (and we recommend you consult with a financial adviser before you make a choice), there is one option you may find more compelling than the others: an IRA Rollover.
We have some new products and rates, including new jumbo IRA certificate rates. Cory Corrigan can meet with you to discuss your goals, product options and the best solution to meet your needs.
For more information on rollovers, contact Cory Corrigan, Vice President of Financial Services at 597-2859 or cory.corrigan@oucu.org.
Investments
Whether you like to trade stocks or are looking for some investment guidance, we can help. We have numerous options including:
- Wealth Management - private portfolio management services
- Mutual Funds
- Stock and Bonds
- College Savings Plans
Call Cory Corrigan at 597-2859.
Financial Education Self-Study Units
Annuities
- Variable Annuities
- Fixed Annuities
Call Cory at 597-2859 for more information.
Long-Term Care Insurance
Long-term care is often needed when someone suffers a prolonged physical illness, a disability, or a cognitive impairment, and can include help with activities of daily living, health care, respite care, hospice care, adult day care, nursing home care or assisted living care.
Neither regular health insurance policies, Medicare, nor Medicare supplement insurance cover most long-term care services. Specifically, Medicare only covers up to a 100-day benefit period for skilled care in a nursing facility if you're admitted after at least a three-day hospital stay and your doctor prescribes skilled medical care, while the Medicaid program is intended only for those who meet federal and state poverty guidelines for income and assets.
As the costs for long-term care in a skilled care facility or in your own home keep spiraling upward, it becomes increasingly important to have a plan for any future long-term care needs that might arise. An illness or injury requiring extended care could require you to spend your retirement savings, which is why you may want to check into long-term care insurance.
Today's long-term care policies typically offer coverage for all levels of care - skilled, intermediate, and personal - in varied settings, including nursing facilities, assisted living facilities, adult day care centers, hospice facilities, and at home. Whether you're a candidate for coverage depends on your age, health, income assets, and personal situation.
For more information, contact Vice President of Financial Services, Cory Corrigan at 597-2859 or cory.corrigan@oucu.org.
About Cory
An Athens native, Cory received his BA in accounting from Ohio University. After college he played baseball in the St. Louis Cardinals organization for three years, working as an intern for OUCU in the off-season. He later returned to the Credit Union full-time, receiving his Certified Public Accountant (CPA) designation in 1998. Cory later served on the Copperheads Baseball board of directors and currently volunteers as a coach for Little and Senior League baseball. He resides in Athens with his wife and three children.
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*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. Ohio University Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.
