Summer 2013 Newsletter web - CorePlus Federal Credit Union

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Summer 2013
MATTERS
CorePlus Federal Credit Union
2013 Shred Days
If You Want To Be The
“BEST”,
Rely On The
FUNDAMENTALS Robert Trinque, Chairman & Warren P. Scholl, President/CEO
For many athletes that theme is almost etched into their brains. So too it is etched into the
mindset of each team member and official here at CorePlus. We know the fundamentals
of our Credit Union’s philosophy of “Not for Profit, Not for Charity, But for Service” and
we relate all that we do back to those fundamentals each and every day. The events that
took place in the CorePlus calendar year of 2012 provide strong evidence of our reliance
on the fundamentals so that we can
comfortably state that CorePlus was
the “BEST” Eastern Connecticut Credit
Union in 2012. Further, we will continue
to be the “BEST” in 2013 and beyond.
Surely, our members will agree that “the
award goes to CorePlus”!
When we review the Team successes of
2012 and compare the results with our
business plan for the year, many “highlights”
jump out at us. For example, according to
plan we…
“We are growing,
expanding & improving
our services
for you...our members.”
• Relocated and reorganized our “Back Office” support operations to better utilize
available space at the 202 Salem Turnpike office building.
• We opened our first “Loan Zone” office in Putnam in April of 2012 and followed
it with a second “Loan Zone” office in Norwich in July.
• We adopted a “Putting the CREDIT Back in Credit Union” advertising theme for
the year.
• Launched a CorePlus Student Loan program with accompanying member education
seminar opportunities.
• Restructured the Loan portfolio to increase the total number of loans outstanding
(thus serving more members).
• We reinvigorated our indirect lending program opening up new and improved lines
of communication with area auto dealers.
• Further, we also completed some necessary infrastructure repairs, participated in
community awareness events and increased required net capital such that CorePlus
has successfully maintained its premier status as a “Well Capitalized Credit Union”.
Branch supervisor Lynn Arcarese,
Member Service Rep Tracy Lewis,
Corey and CorePlus President
Warren Scholl enjoy a very busy
shred day in Waterford.
CorePlus President & CEO Warren Scholl
and Corey MacMoney at Norwich Avenue
Shred Day
Over four
Shred Day Events
in April & May
we served 768
families and
shredded
27,000 pounds
of personally
identifying,
sensitive documents.
Compliance Manager Ray Hasson, Loan Processor
Kristine Estrella and Corey trying to stay dry on
a rainy day!
Look for the 2014 schedule in branches early next Spring!
CorePlus in the Community
Chamber of Commerce Eastern Connecticut
Warren Scholl with
Congressman Joe
Courtney at a Chamber
of Commerce Eastern
Connecticut
breakfast meeting.
Most certainly, we also continued to focus on a number of other fundamentals (staff training
and retention, technological testing and improvement, increased accounting acumen, etc.)
but the results speak for themselves.
American Diabetes Association
So, with a continuing growth in membership and a continuing outreach through innovation
and process improvement by sticking to the fundamentals we do believe…… “The award for
BEST credit union in Eastern CT goes to CorePlus”!
Lori Lodge, from the
American Diabetes Assoc.
presents longtime CorePlus
teller Lynn Tracy with an
Appreciation Plaque for our
participation in the 2012
Step Out to Stop Diabetes
campaign.
Thank you for your continued support of CorePlus.
Robert Trinque
Chairman
Warren P. Scholl
President/CEO
We are a cooperative. We are YOUR credit union!
Cooperatives around the world operate according to the same core
principles and values. Here are the seven core cooperative principles
that we follow for the greater good of our community, credit union
and members.
1.
2.
3.
4.
5.
6.
7.
Voluntary and open membership
Democratic member control
Member’s economic participation
Autonomy and independence
Education, training and information
Cooperation among cooperatives
Concern for community
Thanks to all staff and Members who walked and
donated to this important cause!
Find us on Facebook!
You are invited to ‘like’ us on
Facebook, and keep on top of
our many community activities,
special notices and upcoming
member seminars and events.
www.facebook.com/CoreplusFederalCreditUnion
Please be sure to let us know how we are doing to serve YOU!
www. coreplus.org
Preferred Auto Dealers
When You Change Jobs,
Should You Change Your 401(k)?
Content developed by CUNA Brokerage Services,
provided by Dave Stewart/MEMBERS Financial Services
Job transitions can be stressful. During these periods of change, it is easy to forget one of
the most important decisions you have to make: What should you do with your qualified
retirement savings, such as your 401(k)?
The consequences of taking your money out rashly may include (but are not limited to)
the following:
• 20% Withholding: Your employer is required to withhold 20% of the total
amount to cover any potential federal taxes that you might owe. Keep in
mind that you may owe more than the 20% that is withheld.
• The Tax Man Cometh: You are subject to federal and state income taxes
on both tax-deductible contributions and tax-deferred growth.
• 10% Penalty: Early withdrawal penalties of 10% may apply if you are age
59½ or younger.
Keep Your Retirement Money Working
If you would like to keep more of your retirement savings growing tax deferred and
minimize your current tax bill, there are options to consider.
Consolidate Your Retirement Savings into One IRA
By transferring your retirement plan to an IRA, you have the ability to
consolidate several different IRAs into a single account.
Move Your Retirement Savings to Your New Employer’s Plan
If your new employer allows it, this may be an attractive option for you.
Keep Your Retirement Savings in Your Current Employer’s Plan
You might consider leaving your retirement savings in the existing plan
even after you have left the company.
Understanding Your Options
Review and discuss your options with an experienced Financial Advisor. Together you can
identify a solution that will work for your needs today and throughout your retirement.
Dave Stewart is a Financial Advisor with MEMBERS Financial Services located at
CorePlus Federal Credit Union. If you have any questions, or would like to provide feedback,
regarding the information presented in this article, you may contact Dave at (860) 885-3653
or [email protected].
Representative is not a tax advisor or legal expert. For information regarding specific tax situations, please contact a
tax professional.For legal advice, consult an attorney.
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 (866) 512-6109. 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.
FR011302-8B5D0113
Ready to put the top down on a new convertible this summer?
Youngster going off to college in your old clunker? Visiting our
network of over 45 local Preferred Dealers will ensure you get the
best price, the best deal on your trade-in, and the best shopping
experience! Click on the AutoCONNECT® screen on
www.CorePlus.org to find your perfect new or used vehicle, get
pre-approved online, print the certificate and bring it with you as
you shop for your next vehicle. Your SMART Approval guarantees
you will receive the best credit union financing rates, and you’ll
enjoy no hassle shopping.
Summer Spotlight:
Girard Toyota & BMW of New London
543 Colman Street
New London, CT 06320
(860) 443-1124
Town Hill Auto
857 Bank Street
New London, CT 06320
(860) 444-1973
K Town Automotive, LLC.
574 Wauregan Road
Danielson, CT 06239
(860) 774-0030
Bellavance Truck & Equipment
378 North Main Street
Moosup, CT 06357
(860) 564-6744
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Federal Credit Union
Traveling This Summer? VISA® Safety Tips
1. Before traveling, contact your credit union and let them know your destination and
duration of your trip.
2. Please refer to our listing of blocked and at risk countries on our website:
http://www.coreplus.org/privacy.html
under the Domestic or International Debit/Credit icon. Risk blocks are removed at
the discretion of the Credit Union in accordance with the Security Policy, FBI, and
State Department recommendations.
3. Take ample cash and alternative access to funds such as a Travelex Card or Travelers
Checks.
4. Bring your credit card companies contact information with you, especially the
telephone number to report the card lost or stolen. If your card is lost or stolen
within the US, call 866-333-4740 or overseas, call 727-556-9000.
5. When you return from your trip, review your credit card statement and confirm that
all transactions are legitimate. Immediately call 800-600-5249 to report any fraudulent
transactions or activity.
Have you moved? Be sure to notify the credit union
of any change of address, telephone number or
e-mail. We want to stay in touch with you!
LOCATIONS
NORWICH
202 Salem Turnpike • Norwich, CT 06360
Office Hours:
Mon, Tues, Thurs: 9:30 am - 4:30 pm
Wed: 10:30 am - 5:30 pm
Fri: 9:30 am - 5:30 pm
Sat: 9:00 am - 12:00 noon
Drive-Up Hours:
Mon, Tues, Wed: 7:30 am - 4:30 pm
Thurs, Fri: 7:30 am - 5:30 pm
Sat: 8:30 am - 12:00 noon
EAST LYME
125 Boston Post Road • East Lyme, CT 06333
GROTON
255 Route 12 • Groton, CT 06340
East Lyme & Groton Office & Drive-Up Hours:
Mon, Tues, Thurs: 9:30 am - 4:30 pm
Wed: 10:30 am - 4:30 pm
Fri: 9:30 am - 5:30 pm
Sat: Closed
PLUS
Federal Credit Union
www. coreplus.org
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860-886-0576 • 800-724-0779
www.coreplus.org
9 Convenient Locations
East Lyme • Waterford • Groton • Norwich• Backus • Taftville
Plainfield • Norwich & Putnam Loan Zone!
Your savings federally insured to at least $250,000 and
backed by the full faith and credit of the United States Government
Equal Housing
LENDER
National Credit Union Administration, a U. S. Government Agency
Equal Opportunity Lender
rev. 5/13
Holiday Closings
Thursday, July 4 • Independence Day
Monday, September 2 • Labor Day
•
PHONE NUMBERS
TAFTVILLE
INTERNET BRANCH
PLAINFIELD
TO REACH ANY BRANCH
WATERFORD
TOLL FREE NUMBER
30 Norwich Avenue • Norwich, CT 06360
67 Lathrop Road • Plainfield, CT 06374
40 Boston Post Road • Waterford, CT 06385
Office & Drive-Up Hours:
Mon, Tues, Thurs: 9:30 am - 4:30 pm
Wed: 10:30 am - 4:30 pm
Fri: 9:30 am - 5:30 pm
Sat: 9:00 am - 12:00 noon
WM. W. BACKUS HOSPITAL
326 Washington Street • Norwich, CT 06360
Office Hours:
Mon, Tues, Thurs: 9:30 am - 4:30 pm
Wed: 10:30 am - 4:30 pm
Fri: 7:30 am - 3:30 pm
Sat: Closed
PUTNAM LOAN ZONE!
16 South Main Street • Putnam, CT • 860-315-9028
www.coreplus.org
860-886-0576
800-724-0779
24 HOUR LOAN LINE
Toll Free 888-678-5454
CU*TALK
TELEPHONE BANKING
860-886-0576
AFTER BUSINESS HOURS
MASTERCARD DEBIT CARD
AND VISA® CARD
LOST OR STOLEN
MasterCard Debit Card - 800-754-4128
VISA® - 866-333-4740
113 Salem Turnpike • Norwich, CT • 860-88LENDS
VISA Fraud - Falcon Alert
860-885-3637
Office Hours:
800-437-9392
Mon, Tues, Thurs Fri: 10:00 am - 6:00 pm
NORWICH LOAN ZONE!
Wed: 11:00 am - 6:00 pm • Sat: Closed
N
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MasterCard Fraud - Falcon Alert
800-241-2440
Equal
Opportunity
Lender
Your savings federally insured to at least $250,000
and backed by the full faith and credit of the United States Government
National Credit Union Administration, a U. S. Government Agency
Equal Housing
LENDER