FAQ Category: Other
What is a Traditional IRA Certificate?
A Traditional IRA Certificate is a type of savings product offered by financial institutions that combines the benefits of a traditional Individual Retirement Account (IRA) with the features of a Certificate of Deposit (CD). Here’s a breakdown of its...
Continue ReadingWhat is a Roth IRA Certificate?
Saving for retirement can quickly get overwhelming, especially if you’re new to investing. One option that combines the familiar structure of a credit union savings account with the long-term advantages of a retirement plan is a Roth Individual...
Continue ReadingWhat is a Certificate of Deposit?
A Certificate of Deposit is a secure and reliable savings tool that offers higher interest rates in exchange for committing your funds for a fixed period. It's an excellent option for those looking to achieve specific financial goals with minimal...
Continue ReadingWhat is a CD Ladder?
A CD (Certificate of Deposit) Ladder is an investment strategy that involves dividing a sum of money into multiple CDs with different maturity dates. The primary goal of this approach is to balance the benefits of earning higher interest rates on...
Continue ReadingCan MyPDCU Credit Score & Report help improve my credit score?
Your browser does not support the video tag. Create your credit score goal by selecting your desired credit score and the timeframe in which you want to achieve that your goal. Receive personalized recommendations and track your progress. Edit...
Continue ReadingWhat is the difference between a Will and a Trust?
Wills and Trusts have a lot of overlap, but also a lot of differences. Wills are simpler documents that let you name guardians for kids and pets, designate where assets go, and specify final arrangements. The simplicity of a Will does come with some...
Continue ReadingIs an online estate plan right for everyone?
Yes! Online Estate Planning offers the same level of validity and function as its traditional counterpart, with added advantages (such as affordability and accessibility). By leveraging advanced technology alongside exceptional customer support, their...
Continue ReadingIs Trust & Will a law firm?
We are not a law firm, and we are not a substitute for a lawyer or a law firm. We cannot give legal advice, guidance, or services. No attorney-client relationship is formed by any interactions with us and information provided to us is not protected by...
Continue ReadingHow long will it take to complete a Will or Trust?
Most people complete a Will in 15 minutes, and a Trust in about 20 minutes. All your answers are saved as you go, so feel free to pause and come back to pick up where you left off at any...
Continue ReadingCan People Driven Credit Union Members Access MyPDCU Credit Score & Score Simulator on Mobile Devices?
Yes, MyPDCU Credit Score & Score Simulator and all other features are available on mobile and tablet devices. They are integrated within People Driven Credit Union's mobile banking...
Continue ReadingAre Members Able to Choose Which Emails They Receive from People Driven Credit Union?
Yes, Members can easily choose when People Driven Credit Union contacts them. Navigate to the “Resources” tab, and then under “Profile Settings,” members can choose which email notifications they receive. MyPDCU Credit Score & Score Simulator...
Continue ReadingDoes MyPDCU Credit Score & Score Simulator Offer Credit Report Monitoring?
Yes. Alerts are provided via the MyPDCU app, digital banking, and email. The user can update their email preferences for emails by navigating to “Resources” and the “Profile Settings” section. MyPDCU Credit Score & Score Simulator will...
Continue ReadingWill Accessing MyPDCU Credit Score Impact My Credit and Potentially Lower My Credit Score?
No. Checking your MyPDCU Credit Score is always a “soft inquiry,” which does not affect credit scores. Typically, ‘Hard inquiries’ are used by lenders to make decisions about their creditworthiness when Members apply for loans. Multiple hard...
Continue ReadingWhat if I Have No Credit History or Poor Credit and Don’t Qualify for Any Products?
Suppose a People Driven Credit Union member has no credit history and/or a low credit score. In that case, they will be shown educational articles or products that cater to those credit score profiles (if...
Continue ReadingWhy am I Shown Offers and Educational Articles?
The MyPDCU App features a section with product offers and financial education articles. Based on their MyPDCU credit score information, Members may receive PDCU prequalified offers (invitation to apply) on products that may interest them. Sometimes,...
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