april 2016 - Charter Oak

NEWSLETTER
APRIL 2016
|
ISSUE #29
In This Issue:
Mystic Grand Opening
Annual Meeting
Auto Loan Sale Event
C
I
T
S
MY
Please join us on
Monday, April 18, 2016 at 10:00AM
to celebrate the Grand Opening of
our 15th Branch.
4 Hendel Drive, Mystic, CT
TruStage Insurance
Number #1 Mortgage Lender
Love My CU
Large-Print Paper Statements
Have You Budgeted for Retirement?
Shred Day
Change of Terms Notice
Holiday Hours
Our newest branch, located in the beautiful village of
Mystic, can be easily accessed from Interstate 95 or
Route 27, and is minutes away from downtown Mystic.
It will feature a drive-up ATM as well as a lobby ATM,
and a drive-up teller lane. The branch interior will
include a full teller line, efficient workspaces for the
branch’s Member Service Representatives, and our
signature Internet Café. Our newest branch also boasts
a Community Room for meetings of up to 20 people,
and is available to local non-profits.
Annual Meeting Reminder
Please join us for our 77th Annual Meeting!
The meeting will be held on
Thursday, April 21, 2016 at
Port ‘N’ Starboard in New London.
Tickets are on sale at all branch
locations, and are $10 per person.
A buffet of hors d’oeuvres will be served at 5:30PM.
The business meeting and election of officers
will begin at 6:30PM.
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Auto Loan Sale Event:
May 12, 13 & 14, 2016
3 DAYS. 23 DEALERSHIPS.
1,000s OF AUTO LOANS.
Get your auto loan from Charter Oak Federal Credit
Union when you purchase a new or pre-owned car from
one of our 23 Preferred Dealerships and receive:
LOAN
RATES
AS LOW AS
%
2.24
APR*
90-DAY
DEFERRED
PAYMENT*
50
$
GAS
CARD**
100
$
GAS CARD** FOR
GOLD
REWARDS
MEMBERS!
PREFERRED DEALERSHIPS
HOLMGREN SUBARU
PUTNAM FORD
FALVEY’S MOTORS
KING CADILLAC GMC
SECOR’S AUTO CENTER
GATES
GMC-BUICK-NISSAN
LONGMEADOW AUTOMOTIVE
SECOR DOMESTICS
MICHAEL KIA
SECOR SUBARU INC.
ANTONINO ACURA
CREST FORD
BRUSTOLON
BUICK-GMC
CARDINAL HONDA
CHARLES
TOYOTA-SCION
COLUMBIA FORD
GIRARD FORD
GIRARD NISSAN
M.J. SULLIVAN AUTOMOTIVE
CORNER
GIRARD TOYOTA BMW
OF NEW LONDON
NISSAN OF NORWICH
TJ MOTORS
TOYOTA OF COLCHESTER
*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
May Auto Sales Event on May 12, 13 and 14, 2016 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 2.24% is $353.96.
**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 CharterOak.org.
The TruStage Auto Insurance Program Could 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.
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It’s official! We have been the #1 MORTGAGE LENDER for
6 Years Running
*
2010 • 2011 • 2012 • 2013 • 2014 • 2015
$782+ MILLION IN
MORTGAGES SINCE 2010!
Thank you for making us the Number 1 mortgage
lender in New London and Windham counties combined! If you’re dreaming of a new home – or refinancing
your existing mortgage – call one of our experts.
860.446.8085 | 1.800.962.3237
*Source: The Warren Group, Boston, MA. Residential Mortgage Marketshare Report.
2010-2015 data for New London, Windham counties combined.
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
LOVE MY
CREDIT UNION
REWARDS
♥ 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.
YOU SPOKE, WE LISTENED!
Members now have the option of viewing their paper statements
with an enlarged print size. To request paper statements with a
larger print size, please contact our Call Center at 860.446.8085,
or speak with a Member Service Representative at any of
our branch locations.
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Have You Budgeted for Retirement?
It’s important to think about what you’ll need in retirement BEFORE
you retire. Run the numbers. Often people need about 70-80%
of their end salaries in retirement, but this can vary. So years before
you leave work, sit down for an hour or so (perhaps with the financial
professional you know and trust) and take a look at your probable
monthly expenses. Online calculators can help.1
The closer you get to your retirement date, the more exact you will need to be about your
income needs. You first want to look for changing expenses: housing costs that might
decrease or increase, health care costs, certain taxes, travel expenses and so on. Next,
look at your probable income sources: Social Security (the longer you wait, the more
income you can potentially receive), your assorted IRAs and 401(k)s, your portfolio,
possibly a reverse mortgage or even a pension or buyout package.
While selling your home might leave you with more money for retirement, there are less
dramatic ways to increase your retirement funds. You could realize a little more
money through tax savings and tax-efficient withdrawals from retirement
savings accounts, through reducing your investment fees, and getting your
phone, Internet and TV services from one provider.
Stephen A. Sylvester, CRPC®
Vice President, Wealth Management
Charter Oak Retirement and Investment Services
1.860.446.3270 • Cell: 1.860.202.9650
[email protected]
Budget-wreckers to avoid. There are a few factors that can cause you to stray
from a retirement budget. You can’t do much about some of them (sudden
health crises, for example), but you can try to mitigate others.
• Supporting your kids, grandkids or relatives with gifts or loans.
• Withdrawing more than your portfolio can easily return.
Todd Gestrich
• Dragging big debts into retirement that will nibble at your savings.
Financial Advisor
Charter Oak Retirement and Investment Services
1.860.446.3312
[email protected]
Budget well and live wisely. Creating a retirement budget makes a lot
of sense. A well thought-out budget, (and the discipline to stick with it),
may make a big financial difference. For help with budgeting for
retirement, speak to a qualified Financial Professional.
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. This material was prepared by MarketingLibrary.Net 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.
1www.smartmoney.com/retirement/planning/how-to-set-a-retirement-budget-1304908718392/ [5/12/11]
Shred Day
Important
Change of
Terms Notice
Protect your identity, and destroy old or
unwanted documents containing your
personal information at our annual Shred
Day event on Saturday, April 30, 2016.
The following fees will be
changed effective as of
June 1, 2016.
Join us at any one of the following three locations:
Branch and
Headquarters
1055 Hartford Turnpike
Waterford, CT
Dayville
589 Hartford Pike
Dayville, CT
Norwich
One Connecticut
Avenue
Norwich, CT
To accommodate as many individuals as possible, a three-box limit will
be enforced. In addition to offering free shredding services, Charter Oak
will be collecting non-perishable items for local food pantries.
ay
d
i
l
Ho rs:
Hou
If you have any questions
concerning these fees,
please contact our Call
Center at 860.446.8085
or 800.962.3237.
Fees
Old Fee
Money Order
$1.00
$2.00
Levy, Garnishment or
Execution
$25.00
$35.00
Returned Deposited Item
$10.00
$15.00
International Wire
(Outgoing)
$20.00
$35.00
Retirement Accounts
- Change Custodian
(Outgoing)
$15.00
$25.00
N/A
$5.00
Undeliverable Statements
(Annual)
Memorial Day
Independence Day
Regular Saturday Business Hours
Regular Saturday Business Hours
Monday, May 30, 2016
Monday, July 4, 2016
Saturday, May 28, 2016
All Branches & Call Center Closed
New Fee
Saturday, July 2, 2016
All Branches & Call Center Closed
860.446.8085 • 800.962.3237 • CharterOak.org
Federally Insured by NCUA
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Dayville • Groton • Montville • Mystic • Niantic • Norwich • Pawcatuck • Putnam • Waterford • Willimantic
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