october 2015 - Charter Oak

NEWSLETTER
2TH
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OBER 9
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OCT
OCTOBER 2015
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4 DAYS.
22 DEALERSHIPS.
1,000s OF AUTO LOANS.
|
ISSUE #27
In This Issue:
Auto Loan Sale
Security Seminars
Love My Credit Union
TruStage Insurance
Grow Your Business
Financial To-Do List
Get your auto loan from
Charter Oak Federal Credit Union
when you purchase a new or
pre-owned car from one of our
22 Preferred Dealerships and receive:
LOAN
RATES
AS LOW AS
%
1.99
APR*
90-DAY
DEFERRED
PAYMENT*
$
50
GAS
CARD
**
$
100
GAS CARD** FOR
GOLD
REWARDS
MEMBERS!
PREFERRED DEALERSHIPS
ANTONINO ACURA
BRUSTOLON
BUICK-GMC
GATES
GMC-BUICK-NISSAN
GIRARD FORD
MICHAEL KIA
NISSAN OF NORWICH
PUTNAM FORD
CARDINAL HONDA
GIRARD NISSAN
CHARLES
TOYOTA-SCION
GIRARD TOYOTA BMW
OF NEW LONDON
COLUMBIA FORD
HOLMGREN SUBARU
CREST FORD
KING CADILLAC GMC
TJ MOTORS
LONGMEADOW AUTOMOTIVE
TOYOTA OF COLCHESTER
FALVEY’S MOTORS
SECOR’S AUTO CENTER
SECOR DODGE
SECOR SUBARU INC.
*APR=Annual Percentage Rate. The lowest APR assumes that your vehicle meets Charter Oak Federal Credit Union’s underwriting
guidelines. Your rate may vary depending on your credit history, term, and age of the vehicle. This Payment Deferment Loan Promotion
applies to automobiles that are purchased from Preferred Dealers who participate in the Columbus Day sales event on October 9, 10, 11
and 12, 2015 and are financed through Charter Oak Federal Credit Union. This offer is only available to qualified borrowers, and it is subject
to credit approval. Deferment will occur in the first 90 days, and interest will accrue during this deferment period. The first payment must be
received upon the completion of the 90-day deferment period. The initial payment(s) made on the loan will be applied first to the accrued
but unpaid finance charges before being applied to the loan’s principal. The monthly payment for a $20,000 new or used auto loan for a
60-month period with an Annual Percentage Rate (APR) of 1.99% is $350.49.
**A pre-paid $50 gas card is provided to Charter Oak Federal Credit Union members and new members who finance a new or used car with
Charter Oak Federal Credit Union from one of Charter Oak’s Preferred Dealers. “Gold Rewards Members” receive a $100 Gas Card. This
offer does not apply to the refinancing of an existing auto loan with Charter Oak Federal Credit Union. All terms and conditions can change
at any time. List of Preferred Dealers can be obtained at any branch or online at our AutoSMART Center at CharterOak.org.
Security Seminars: Protect Yourself Against Fraud!
Financial crimes and fraud are a growing
threat to all of us – from identity theft to
elderly financial abuse. Frank Jarvis,
Charter Oak’s Corporate Security Manager,
will teach you how to protect yourself against
these scams in a series of three important
Security Seminars to be held in Charter Oak’s
Community Room at our headquarters in
Waterford.
All three seminars – How To Avoid Potential
Scams on November 4, 2015; Identity Theft
and Its Ramifications on January 20, 2016;
and Elderly Financial Abuse on April 14,
2016 – are free and open to the public with
advance registration.
Frank has broad experience with fraud and
financial crimes. His career covers more than
38 years of U.S. Navy, police and detective
work. He is a summa cum laude graduate of
Springfield College in Springfield, MA, with a
bachelor’s degree in human services.
How To Avoid
Potential Scams
Identity Theft and
Its Ramifications
Elderly Financial
Abuse
Wednesday, November 4, 2015
10 AM – 11 AM
Wednesday, January 20, 2016
10 AM – 11 AM
Thursday, April 14, 2016
10 AM – 11 AM
Internet scams can
affect a range of people
and involve a variety of
platforms, from online
dating web sites to Craig’s
List and job postings.
Learn how to determine
the validity of what’s being
presented, how to protect
yourself when selling items,
and what to do if you are a
victim of a scam.
Protect your identity and
prevent someone from
invading your life. This
seminar will outline steps
you can take to prevent
identity theft and will
address the steps you
will need to take in order
to restore your name and
good credit.
Scams targeting the
elderly are nothing new,
but there’s plenty you can
do to protect yourself and
your loved ones. At this
seminar, you’ll learn more
about the detection and
prevention of elderly
scams and financial
abuse.
R.S.V.P. by
Monday, November 2nd
to [email protected]
or call 860.446.3441.
R.S.V.P. by
Monday, January 18th
to [email protected]
or call 860.446.3441.
R.S.V.P. by
Tuesday, April 12th
to [email protected]
or call 860.446.3441.
These three important seminars will arm you
with the vital knowledge you need to better
protect yourself and your loved ones from
financial fraud, scams and identity theft.
All three security seminars will be held in
Charter Oak’s Community Room at its
Branch and Headquarters at
1055 Hartford Turnpike in Waterford.
Love Your Savings.
Everyone is looking for ways to save money, and that’s just
what Love My Credit Union Rewards is all about.
Charter Oak Federal Credit Union is excited to offer you,
our member, exclusive discounts and benefits on products and
services you use every day. Credit union members have already saved
over $1 billion with Love My Credit Union Rewards discounts. So along with
lower loan rates and fewer fees, here’s another way you can save even more.
♥ Save 10% on select regularly priced Sprint monthly service; businesses save
15% on select regularly priced Sprint monthly service. Plus, waived activation
and upgrade fees (up to $36 savings for each)
♥ Savings of up to 50% off other popular plans from CU Road Pal
♥ Save up to $15 on TurboTax Federal tax products
♥ Save on services for your home from ADT, DIRECTV, Allied, and more
♥ Earn cash back when you shop at over 1,500 online retailers with Love to Shop
The more offers you take advantage of, the more you save.
Start saving today at LoveMyCreditUnion.org.
LOVE MY
CREDIT UNION
REWARDS
Let TruStage Auto Insurance Save You Money!
None of your car's accessories is more important than the insurance
policy that covers it. With discounts for Charter Oak Federal Credit Union
membership, the TruStage Auto Insurance Program could save you money.
It’s easy to get a quote and make the switch—even if you’re already covered
with another company. Isn’t it time for car insurance the credit union way?
CALL 1.855.426.4862 TODAY!
Use DISCOUNT CODE 1148 for savings of up to 10% for
being a credit union member!
• Average savings of $427.00*
• Many other potential discounts available
• More than just insurance ... great features and benefits!
TruStage™ Auto & Home Insurance Program is made available through TruStage Insurance Agency, LLC and issued by leading insurance companies. To the extent permitted by law,
applicants are individually underwritten; not all applicants may qualify. Discounts are not available in all states and discounts vary by state. A consumer report from a consumer reporting
agency and/or motor vehicle report will be obtained on all drivers listed on your policy where state laws and regulations allow. Please consult your policy for specific coverages and
limitations. The insurance offered is not a deposit and is not federally insured. This coverage is not sold or guaranteed by your credit union. *Figure reflects average national savings for
customers who switched to the TruStage Auto Insurance Program. Based on data collected between 9/1/2012 and 8/31/2013. Individual premiums and savings will vary.
Grow Your Business –
With Better Business Banking From Charter Oak!
Our Business Banking Team makes borrowing
a hassle-free experience! We offer competitive
products, an easy loan process, personal
attention and efficient – and timely – decisions
so you can do what you do best: grow
your business!
Our decisions are made locally – by business
lenders who know and understand your
business and your community!
WE OFFER:
•Business Lines of Credit
•Fixed-Term Business Loans
•Commercial Real Estate
Loans
•SBA Loans
•And More!
Jane Moriarty
Bob Beeckman
Kim Mecteau
VP of Business Lending
860.446.3381
800.962.3237, ext. 3381
[email protected]
VP of Business Lending
860.446.3313
800.962.3237, ext. 3313
[email protected]
VP of Business Lending
860.446.3443
800.962.3237, ext. 3443
[email protected]
Talk To Our
Business Lending Team Today!
Your Financial To-Do List
Things you should be thinking about every year.
What are your financial, business or life priorities? Your goals? Specify them, then consider
investing, saving or budgeting methods you could use to realize them.
Think about deductions. If you have made a great deal of money in a given year and have
the option of postponing a portion of the taxable income until the following year – that may bring
some tax savings.
Can you maximize your retirement plan contribution at the start of the year?
If you can do it, and you want to do it, do it early - the sooner you make your contribution,
the more interest those assets may earn.
Required Minimum Distributions? Retirees over age 70½ must take RMDs from traditional
retirement plans. Make sure you are aware of the deadlines.
Transaction? Did you (or will you) sell any real property this year? Start a business?
Receive a bonus? Sell an investment held outside of a tax-deferred account? These moves
may have an impact on your taxes.
Charitable gifts? Remember, if you make charitable contributions this year,
you may claim the deductions on your return.
Mortgage payments? Can you make a January mortgage payment in December,
or make a lump sum payment on your balance? If you have a fixed-rate mortgage,
a lump sum payment may reduce the loan amount and total interest paid.
Life changes? Did you marry or divorce? You may want to change
beneficiary designations and/or take a look at your insurance coverage.
If your last name is changing, you will need a new Social Security card.
Are you returning from active duty? Check the status of your credit,
and the state of any tax and legal proceedings that might have
been preempted by your orders. Review the status of your health
insurance, and revoke any power of attorney you may have
granted to another person.
Stephen A. Sylvester, CRPC®
Do not delay – get it done. Talk with a qualified financial or
tax professional so you can focus on being financially healthy
from year to year.
Vice President, Wealth Management
Charter Oak Retirement and Investment Services
1.860.446.3270 • Cell: 1.860.202.9650
[email protected]
This material was prepared by MarketingPro, Inc., and does not
necessarily represent the views of the presenting party, nor their
affiliates. This information should not be construed as investment, tax
or legal advice. All information is believed to be from reliable sources;
however, we make no representation as to its completeness or
accuracy. 05062015-WR-1271
Todd Gestrich
Representatives are registered, securities are sold, and investment
advisory services offered through CUNA Brokerage Services,
Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and
investment advisor, 2000 Heritage Way, Waverly, Iowa 50677, toll-free
800-369-2862. Nondeposit investment and insurance products are not
federally insured, involve investment risk, may lose value and are not
obligations of or guaranteed by the financial institution. CBSI is under
contract with the financial institution, through the financial services
program, to make securities available to members. CRPC®
is a registered service mark of the College for Financial Planning.®
Financial Advisor
Charter Oak Retirement and Investment Services
1.860.446.3312
[email protected]
Columbus Day
Thanksgiving Day
New Year’s Eve and Day
Regular Business Hours
All Branches & Call Center Closed
Regular Business Hours
Monday, October 12, 2015
Friday, November 27, 2015
Friday, January 1, 2016
All Branches &
Call Center Closed
Regular Business Hours
All Branches &
Call Center Closed
Veterans Day
Thursday, December 24, 2015
Saturday, October 10, 2015
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Thursday, November 26, 2015
Christmas Eve and Day
Wednesday, November 11, 2015
All Branches & Call Center Closed
All Branches & Call Center
Close at 1 PM
Thursday, December 31, 2015
Saturday, January 2, 2016
Regular Business Hours
Friday, December 25, 2015
All Branches & Call Center Closed
Saturday, December 26, 2015
Regular Business Hours
Branch and Headquarters Photo (cover): ©Robert Benson Photography
860.446.8085 • 800.962.3237 • CharterOak.org
Federally Insured by NCUA
Dayville • Groton • Montville • Niantic • Norwich • Pawcatuck • Putnam • Waterford • Willimantic