Proudly Serving our Members Since 1938 P.O. Box 5577 Collegeville, MN 56321 Phone: 320-363-7751 Toll Free 1-855-363-7751 Fax: 320-363-0353
[email protected] www.collegevillecu.com
COLLEGEVILLE COMMUNITY CREDIT UNION March 31, 2015
Main Office Hours 7:30 a.m.-5:00 p.m. M-F
Great Rates with our Spring Loans
Planning a major purchase (Auto, Boat, Camper, ATV, etc.) or Home Improvements? Then, take a serious look at your financing options with the Credit Union. Our loan rates are very competitive and feature a “no nonsense” approach. While SJU Branch Hours many institutions seem to offer unbelievably low introductory rates, there are many 10:00 a.m. - 4:00 p.m. M-F conditions on qualifying for these rates. These “fine print” items cost you money Noon to 3 p.m. Saturdays (May vary on non-school days) and increase the rate. An important part of our mission is to provide the best rates for our members all day, every day, no strings attached. We give you the best pricing we can, always, because we work for you. Our members benefit from this straight forward approach. Before you sign on the line anywhere else, make an apWhat’s Inside pointment with one of our loan specialists and let us help you in your planning and Page 1 purchases!
Great Spring Loan Rates! Campus Action Share Your Credit Union Community Showcase Cooks Corner
Campus Action! By Chessa Burgau
Our CCCU campus branch has really branched out! In just this first semester we have hosted a finances seminar and two special campus events called “Free Fridays,” to increase awareness with the CSB/SJU students. Through these new events we are able to teach healthy financial habits to students, connect with them, and raise awareness of Page 2 our Campus credit union branch. Welcome Barb Palzewicz Our finance seminar, organized and promoted by our branch staff and interns, was Ed Smolenski Scholarship called “Bank Like You Mean It,” was led by our President, Mark Douvier. We created From the President’s Desk an open, interactive environment for students where they could learn the technical in Current Rates formation they need about building a credit score, opening accounts, and choosing the Home Equity Loans right financial institution for their needs. Students were encouraged to ask questions, and they responded. This is an example of how our Credit Union gives back to the community. “Free Fridays” is an event developed by our student employees to promote and raise Cook’s Corner awareness for the Campus branch in Sexton Commons. Once a month, the student Maggie’s Cookies By branch staff and interns offer free food to students - pizza in Feb., popcorn in March Marge Engelmeier along with information about our Credit Union. The students stop to have friendly 1/2 Cup White Sugar conversation about the credit union, grab some snacks and continue on their way. It 1 Cup Brown Sugar has been very effective in increasing awareness, as well as a lot of fun! We have received 3/4 tsp Salt great feedback from the students as well as getting to know them better. Financial edu2 Eggs cation is an important part of our mission and we’re pleased to have the students be a 1 tsp Baking Soda 1 Cup Peanut Butter positive, influential part of this. 1 tsp Vanilla Cream together the above ingredients. Add: 1 Cup Oatmeal 1 Cup Nuts 12 ounces Chocolate Chips Combine with other ingredients. You may need to add a bit more oatmeal for desired consistency Bake for 10-12 minutes in a 350 degree oven. Do not overbake!!!
Your Credit Union, Your Referrals This Credit Union is growing in strength and numbers! We have added over 30 new members in the past five months, written new loans for cars, boats, and home improvement projects, and added new staff members. We are proud of this progress and know that it positions this CU to offer higher savings rates, lower loan rates, and expanded services to you and all of our members. We hope you are proud to be a member here too, and we invite you to share your CU by referring others to become members. Thank you!
Attend the St. Joseph Chamber of Commerce Showcase We need your Recipe!!!! CCCU will be one of 30+ businesses for you to visit and learn more about at the Have a great recipe? Submit your recipe to us. If we print it Annual Showcase planned for Saturday, April 11. This event is free, offers area in our quarterly newsletter, we’ll add business information, samples, and inflatable activities for kids while you browse the $10 to your Credit Union Account!! booths. 10 a.m. to 1 p.m. at the Kennedy School, 1300 Jade Road, St. Joseph.
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Collegeville Community Credit Union Quarterly Newsletter
Welcome Barb Palzewicz!!!
If you have stopped by the Credit Union during the past few months, you’re likely to have seen a new, very friendly face: Barb Palzewicz. We welcome Barb as our newest Member Service Representative. Barb comes to us with a broad accounting background, including working in finance for the state of North Carolina’s Dept. of Natural Resources. Her experience extends to accounts payable, finance, and book keeping. All of these experiences have made her very service oriented. Barb is flower gardener at her home outside of Avon, and is a big fan of dogs, especially her black labs. You’ll find Barb to be highly attuned to your member needs, and is available to assist you with your needs. Welcome Barb!
Edward Smolenski Memorial Scholarship
The Credit Union’s Board of Directors created the Ed Smolenski Scholarship program in 2014 to honor the legacy and work of former Credit Union President, Ed Smolenski. We are offering two $500 scholarships for the 2015-16 school year to our members. Scholarships are available to students who are/will be attending a non-profit, post-secondary school and who are a Credit Union member (or family member of a Credit Union member). The application is available on our website (collegevillecu.com), email or call for an application. The deadline for completed applications is Friday, July 31, 2015. CURRENT INTEREST RATES SAVINGS Checking .10% Share Savings .15% Deposit Savings (Tiered Rate Based on Balance) $0-2,499 .15% $24,999-$49,999 .25% $2,500-9,999 .20% More than $50,000 .35% $10,000-$24,999 .20% Youth Savings
.65%
IRA Savings (Traditional or ROTH)
.35%
Certificates of Deposit 3 Month ($500.00 minimum) 6 Month 1 Year 2 Years 3 Years 4 Years
$1,000
$5,000
.20% $10,000
.20% .35% .60% .80% .90%
.25% .40% .65% .85% .95%
.30% .45% .70% .90% 1.00%
(CD & Saving Rates Quoted on an A.P.R. basis, actual yield (A.P.Y) will be slightly higher). Checking rates compound monthly. All other Rates Compound Quarterly.
LENDING RATES (All rates are on an A.P.R. basis) New-Titled 3.24% New Non-Titled 4.24% Used-Titled 4.24% Used Non-Titled 5.24% Home Equity 4.75% Signature (Unsecured) 7.24% All Lending rates are quoted on an “as low as” A.P.R basis. Member Credit history obtained from a credit bureau will be used to determine the member’s actual lending rate. All Rates are subject to change without notice.
From the President’s Office
Greetings to all Credit Union Members. Spring is...ah...springing, as I write this. We’ve had a few nice, warm days and everyone seems to be anxious for warmer weather and green grass. Spring definitely represents a time of change. So, I thought it would be fitting to talk about some of the changes the Credit Union will be making in 2015. In late 2014 we opened our SJU Campus Branch. We have received great response so far. And, we hope to capitalize on this momentum as we move into the 2015/2016 school year at the end of the summer. Currently, we are working on streamlining the member sign up and disclosure process, as this will make it easier and faster for all new members. Our Credit Card program is in full swing. We thank all members who have taken advantage of this program. We continue to work on raising awareness of this program and the low rates we are offering. We are constantly asked whether the Credit Union has an “app” for mobile banking. Well, we will soon. The Credit Union is working on adding Mobile Banking and another related service. We are working through the MN Credit Union Network and Co-Op Financial Services on this initiative. A benefit of the “Co-Op” network is that we will also join their “shared branching” network. Meaning, our Credit Union will be connected to over 7,000 Credit Union Branches in all 50 states. CCCU members will be able to access account services at any of these member Credit Unions (this should benefit many of our “snow bird” members). And, members from other Credit Unions will be able to access these same services at CCCU. This will definitely be an asset for non-CCCU member CSB/SJU Students that can use the Campus Branch to access their existing accounts. In addition, we are working to modernize our current Debit Card program. This will include adding an EMV (Chip) card and allow “real time” access for purchase and withdrawal authorizations. Members who use Online Banking will see authorizations “real time” on their account. We believe that this will also assist in detecting any fraud on Member accounts. These changes show how committed the Credit Union is to keeping pace with the technological advancements in the industry. Yet, we hold on to the traditional, co-operative values that have brought us to where we are. The prospect of having these new tools available for members is very exciting. It means our members will have access to the same services available at larger institutions, with the benefits of the higher “service level” of a smaller institution. As always, we thank you, our members for your support of the Credit Union. Enjoy your Spring!!!!
Home Equity Loan Information
The interest rate on Home Equity Credit Lines remains at 4.75%. This does not affect those members who have locked their interest rate. Open a new HELOC and we will lock your interest rate at 5.00% for 3 years. Plus we’ll pay up to $250 of your closing costs for new HELOC loans of $10,000 or more. Any members who currently have a HELOC loan and borrow additional money can take advantage of this offer. Call today to learn more about this program!!!
