Finance

Credit_Union

Apple Federal Credit Union

“Apple Federal Credit Union” (Apple FCU), founded in 1956, has grown into one of the top 100 credit unions in the United States. It serves approximately 245,000 members and manages an impressive ‘$4.4 billion’ in assets. Members own “credit unions” (which are non-profit financial cooperatives). Joining a credit union, such as Apple FCU, entitles you to “membership and shares” in the organization.

Personal_

How much is a quarter

A U.S. quarter is worth “25 cents,” or one-fourth of a U.S. dollar. Its value in U.S. currency is $0.25. Also, the ‘quarter’ is the 25-cent coin used in the U.S. The 1804 ‘quarter’ was the first silver coin in U.S. Mint history to display its ‘face value.’ Prior to this, both silver and gold coins minted in the United States didn’t have their ‘values’ marked on them.

Insurance

OASDI

Benefits are paid out on a monthly basis to insured workers, their dependents, at “disability, death, or retirement” under the ‘Old-Age, Survivors, and Disability Insurance’ (OASDI) program. The worker’s earnings and “contributions to Social Security” determine eligibility and benefit payments.

_Government

SSI

Those who are blind, “65 years of age or older,” or have a qualifying impairment and have little money or resources are eligible for monthly compensation from SSI. SSI is also available to blind or disabled “children.” The “Supplemental Security Income” (SSI) program is run by Social Security.

Investment

CD

A “certificate of deposit” (also known as a CD) is a kind of savings account where the issuing bank/union pays interest in exchange for holding a specific amount of money for a predetermined duration of time, such as “six months, a year, or five years.” Among the safest ways to save money are certificates of deposit (CDs).

Personal_

COLA

Payments for “Supplemental Security Income” (SSI) and “Social Security benefits” are adjusted to account for cost-of-living (living expenses) as determined by the “Consumer Price Index for Urban Wage Earners and Clerical Workers” (CPI-W). The “Bureau of Labor Statistics” (BLS) prepares the CPI-W. The method for calculating the COLA is outlined in the “Social Security Act.”

Insurance

Social Security

“Social Security” is a government social insurance scheme that offers elderly beneficiaries a lifetime pension that is geared for inflation. A potential recipient who waits to collect “Social Security” payments not only benefits from inflation indexing but also lowers their chance of “running out of savings” by increasing their lifetime monthly payout, which is basically an additional “longevity insurance policy.”

Investment

Bond

In essence, a bond is a loan that is requested/issued by a “business or government agency” from investors. It is also a kind of security that has loan-like characteristics, a debt instrument that enables issuers to finance capital needs, a fixed-income instrument for debtholders, and "a documented commitment to repay borrowed funds at maturity date and to pay interest meanwhile."

Insurance

Insurance is

Insurance is “a service”, “a type of financial risk management”, “a contract”, “a financial investment”, “debit or credit”, “asset or liability”, “a cooperative device”, “provision of future needs”, “helpful to government” and “regulated by states”.