review - SIU Credit Union

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VOLUME 24
In this issue...
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ISSUE 2
“The Harrisburg branch helps to carry out
ourmissionofalwaysworkingforourmembers.Welookforwardtoservingmanynew
membersfromthiscommunitywhowillenjoy the personal service and state-of-theartmobileandonlineconveniencethatSIU
CreditUnionoffers.”
NewHarrisburgBranch
Page 2
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Q&ACorner
Chairman&President’sReport
Page 3
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The Harrisburg branch is open Monday
throughFriday,9a.m.to5p.m.Foradded
convenience, the location features several amenities to enhance the member
experience such as a drive-up teller window, night depository, 24-hour full service
drive-up ATM machine, shared branching
for members of other credit unions in the
shared branching network, and in-lobby
onlinebankingaccesskiosk.
YouthMonth-WildAboutSaving
NewOnlineFeatures
Page 4
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SIUCUInvestmentServices
BranchLocations
Mark Your Calendar
Apr11-YouthDayatSIUCreditUnion
Apr15-RelayforLifeBankNight
Apr21-BloodDrive|Carbondale
Apr23-Lunch&LearnSeminar
May14-SuperShredder|Metropolis
May25-MemorialDay-CLOSED
June17-MemberSeminar:Credit
July4-IndependenceDay-CLOSED
Connect Online With
SIU Credit Union
APRIL 2015
New Branch Opens in Harrisburg
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SIU Credit Union, which has proudly
served the financial needs of Southern Illinois for over 76 years, opened the doors
onJanuary6,2015,totheirnewHarrisburg
location.Locatedat777FordStreetonthe
newRoute13HarrisburgBypass,thebranch
SIUCreditUnionmergedwithSoutheastreplacesthecurrentBonanBusinessCenter ernElectricEmployeesCreditUnioninApril
location.
2013.Staffreadytoassistmembersinclude:
JanetBundren,Teller;BritneyStokich,Head
“We are excited to provide members a Teller; Karen Frier, Member Service Reprenewbranchexperience,”DennisSchaefer, sentative;andJanetJackson,BranchManSIU Credit Union President and CEO said. ager.
Make your home
your own.
Home equity
loans starting at
Mission Statement
We’re working for you.
3.49% APR*
FOR 60 MO. AT 80% LTV
For more info, call 1-800-449-7301
or visit siucu.org
We’re working for you.
*Annual Percentage Rate. Subject to credit approval. Offer valid for new Home Equity loans with a minimum amount of $5000 and a maximum amount of $100,000. Actual APR depends
on credit qualifications and loan-to-value ratio. Disclosed APR valid for loan-to-value ratio up to 80% as stated on 2013 property tax bill. (The combined amounts of your first mortgage
and the amount of your Home Equity loan may not exceed 90% of the value of your home.) Other rates available up to 90% loan-to-value ratio. New appraisal may be required. SIUCU will
not pay for any required appraisal. Property and/or flood insurance may be required. Offer valid for primary owner-occupied dwellings only. Consult a tax advisor regarding deductibility
of interest. Membership required. Federally insured by NCUA. Offer valid March 28, 2015, to June 30, 2015, but may end at anytime without notice. Call 1-800-449-7301 for details.
www.siucu.org
1
Q&A
CORNER
Q & A Cornerisaspacededicated
toansweringallyourquestionsabout
SIU Credit Union products, services,
and member benefits. If you have
questions, feel free to submit them
[email protected]
suretoincludeQ&ACornerinthe
subjectline.
Q. I keep hearing about these EMV
chip cards in the news. How are they
different than my current card?
A. We all use our debit and credit
cards for shopping, eating out and
buying groceries. Soon you can do
so with the added security benefits
ofanEMVchipcard.Thenewcards
arenearlyimpossibletocounterfeit,
andtravelwillbeeveneasierinmore
than130countrieswherechipcards
are already used. EMV chip cards
doeverythingmagneticstripecards
dobutevenmoresecurely;plus,you
are still protected from fraud by Visa’s Zero Liability Policy. Additional
information is available online at
http://www.siucu.org/card-services/
visa-credit-chip-technology.shtml.
If you are a SIU Credit Union Visa
creditcardholderyouwillbereceivingthenewEMVchipcardoverthe
nextseveralmonths.Don’thavean
SIUCreditUnionVisa?Applyonline
orvisitoneofourbranchlocations.
Q. When is your next shred event?
A. We are excited to once again
partnerwith WPSD and Datalock to
bringSuperShredderThursdaysback
toSIUCreditUnionin2015.Ourfirst
eventwillbeheldonThursday,May
14 at our Metropolis branch. Bring
up to 50 pounds of old documents
to have them safely and securely
shreddedon-sitewithoutriskingidentitytheft.
2
2014 Chairman & President’s Report
For 77 years,
the vision of SIU
Credit Union has
been to build lifelong relationships
by delivering personalized
financial solutions. With
this vision in mind,
we’ve had the
pleasureofhelping
thousandsofmemDennisSchaefer
President & CEO
bers reach their financial goals for decades. This continues
todaywiththeadoptionof,“We’reworking
foryou.”asourmissionstatement.
The continued success comes from
a passion for providing financial products
andservicesofrealvalue,andacommitment to making our member experiences
enjoyable and worthwhile. Our focus on
service excellence, convenience, and fiscal responsibility has allowed us to enjoy
growth and financial strength through recent challenging times. Through it all, we
remaincommittedtohelpingourmembers
with financial solutions that improve their
lives.
We’repleasedtoreportthatSIUCredit
Union experienced another year of successful financial growth. Our growth was
assisted by additional enhancements to
deliverychannels,security,andsystemsto
provide for a better member experience.
In 2014, assets grew 4.5% to $291,597,041,
loans grew 12.37% to $181,115,731, and
membershipgrewto34,988members.
Ourmissionof“We’reworkingforyou.”
was clearly seeninloans to our members.
In2014,weprovided5,508consumerloans
($59.7 million), 325 mortgage loans ($16.0
million),62businessloans($4.5million)and
889($3.6million)instudentloans.
Commitment of service and stewardship to our communities remained a priority.Someofthecausesthatwesupported
in2014included:SpecialOlympics,AmericanCancerSocietyRelayforLife,Hospice
of Southern Illinois, Poshard Foundation,
Pets Are Worth Saving (P.A.W.S.), Southern
IllinoisHeartWalk,100MenWhoCook,WSIU
CuriosityDay,BankonMarion,Boys&Girls
ClubofCarbondale,andmore.Participation in these and many others benefit our
communityandyours.
During this past year, we welcomed
the members of Marion Memorial Hospital
CreditUnionintotheSIUCreditUnionfamily through our merger on June 30, 2014.
Their members can now take advantage
ofadditionalproductsandservices,aswell
as have access to all six SIU Credit Union
branchlocations,includingournewestfacilityinHarrisburg.
Aswelookforward,weexpect2015to
beayearofchange.Thefaceofallsized
financial institutions is changing dramaticallyandrapidly.Cuttingedgetechnologies seem to arise on a daily basis. New
competitors continue to press the boundaries of traditional banking. And the demand for access to all information instantaneously continues to increase. To keep
pace in this ever-changing environment,
wecontinuetoexploreandlaunchnewofferingstoprovideforourmembers’convenience.ProductsandserviceslikeuOpen
(online account opening), online banking
upgrades, Apple Pay, online chat, instant
card issue, and EMV chip-enabled cards
arejustsomeoftheprojectsslatedfor2015.
Weknowthatoneofthebiggestquestionsthatpeopleaskthemselvesis,“Whom
can I trust with my personal financial wellbeing?” Over the years, SIU Credit Union
has been a ready answer to that question.Theanswerremainsthesametoday;
you can trust your
credit union. Your
patronage
and
participation
in
SIU Credit Union is
whatmakesthisorganization special.
On behalf of the
Board, Management and Staff at
SIUCreditUnionwe
want to thank you
for your continued
WilliamCapie
Chairman
trustandsupport.
Members have saved over $1 billion
with Love My Credit Union Rewards.
Start saving today at LoveMyCreditUnion.org
www.siucu.org
Join us on Saturday, April 11 to celebrate
National Credit Union Youth Month™
April is National
Credit Union Youth Month™!
CARBONDALE EAST BRANCH
1. Enjoy a consistent look and feel
acrossallyourdevices
395 N. Giant City Rd., Carbondale, IL
Face painting, safari photo booth, coloring
pages, goody bags, cookies and refreshments.
2. Easily find your most commonly
used transactions, all on your new
homepage
ADMIN BUILDING
400 N. Giant City Rd., Carbondale, IL
Mad City Money: a fun simulation workshop
where teens and tweens can learn how to identify
wants vs. needs and budgeting for their futures.
Pizza and refreshments on site. RSVP required.
To RSVP, call Kim at (618) 457-3595 ext. 2010
or email [email protected].
3.Simplifyyourlifewithfaster,easier
BillPayfunctionality
Monkey See, Monkey Do: Teach Them to be Wild About Saving
box of cereal, there may be similar brands on sale for half as much.
• As children get older, let them know
what things cost. Share sales receipts
and bills that you receive for items or
services you’ve purchased for them.
• If you decide to pay your children an
allowance, include them in the decision. Discuss allowance amounts and
what they should use their allowance
for. The amount is your call, but allow
their input. One idea is to have children set aside part of their allowance
for spending, part for saving, and part
for sharing. Explain what you’ll pay for
andwhattheyshouldberesponsiblefor.
For example, when you’re at the movWe’d be “lion” if we said saving was
ies, maybe you agree to pay for movie
easy. Teach children how to save for their
ticket, but the Milk Duds are on them.
goalsandthey’llhaveoneofthemostdifficultaspectsoffinanceundertheirbeltby • As they reach high-school age, clarify
the time they’re teens—being consistent
whatyouwillpayforandwhatyourteens
savers.
are responsible for. For example, they
may want the newest cellphone that
Here are a few ideas to help your cubs
comeswithareallyhighpricetag.EstabgetWildAboutSaving:
lish your spending limit. If they still want
the more expensive version, have them
• Have
young
children—preschool
make up the difference. Often, once
age—sort different types of montheresponsibilityofpayingforitemsison
ey into piles by color and size.
them,the“latestandgreatest”aren’tas
important.
• Play store or credit union/bank. Help
them use a pretend cash register.
Getyourchildrenstartedrightfinancially.
BringthemintoSIUCreditUnion—wehave
• At the grocery store, let children of moreideastohelpyouteachthemtoget
all ages help you shop. Teach them WildAboutSaving!
how to comparison shop—for example, show them that for every $4.85
www.siucu.org
TO KNOW
New Online Bankingiscoming,and
you’re going to love it! Your new
andimprovedonlinebankingoffers
a new, modern design and is faster
andeasiertouse.Herearejustafew
oftheexcitingimprovements:
Join us on Saturday, April 11th,
from 10 to Noon!
TEENS
LEARNING
HOW TO
BUDGET
NEED
4. Quickly find your most important
datawithimprovedSearch
5.FindaconvenientbranchorATM
wherever you are with interactive
maps
Coming soon, you’ll see an opt-in
pageafterloggingin,givingyouthe
optiontotrythenewexperience.All
you have to do is select “Upgrade
Now”andyouwillimmediatelytransition into our new, improved online
banking.Startgettingexcitednow!
Online
Account Opening
Online Account Opening Want to
openanewaccountorknowsomeone who wants to join SIU Credit
Union,butcan’tgetintothebranch
during business hours? Never fear!
uOpen™onlineaccountopeningis
comingsoon!
It’s never been easier to enjoy the
benefitsofbeingamember.Whether it’s your first account or you’re a
longtime member, you will be able
to apply for most SIU Credit Union
accounts online. With just a click of
oneamouse,youcanstartlearning
howweworkforourmembers.
SIUCreditUnionproudlyservesanyonewholivesorworksintheseelevensouthernIllinoiscounites:Franklin,
Jackson, Jefferson, Johnson, Perry,
Marion, Randolph, Saline, Massac,
UnionorWilliamson.
3
A Message from
SIU CU Investment Services
Scott McClatchey, CFP
Asset Allocation Tips
In today’s complex financial markets, you
have a hugearray ofinvestmentvehicles to
choose from. Each investment carries risk,
makingitimportanttochoosewiselyifyouare
selecting just one. The good news is no rule
says you must stick with only one investment
type. In fact, you can manage investment
riskandpotentiallyincreaseyourchancesof
meeting investment goals by practicing “assetallocation.”1
Assetallocationreferstothewayyoucombine different investments in your portfolio in
ordertotrytomeetaspecificobjective.For
instance,ifyourgoalistopursuegrowth(and
youarewillingtotakeonmarketrisktodoso),
youmaydecidetoplace20%ofyourassetsin
bondsand80%instocks.2
Theassetclassesyouchoose,andhowyou
weight your investment in each, depend on
your time frame and how that matches the
risksandrewardsofeachassetclass.
Stocks, Bonds and Cash Equivalents
Stocks--Wellknownforfluctuatingfrequently in value, stocks carry a high level of marketrisk(theriskthataninvestment’svaluewill
decreaseafterpurchase)overtheshortterm.
Keepinmind,however,thatstockshistorically
have earned higher returns than other asset
classes,althoughpastperformanceisnopredictoroffutureresults.Importantly,stocksalso
haveabettertrackrecordofoutpacinginflation--risingprices--thananyotherassetclass,
andthereforecarryverylowinflationrisk.
Bonds--In general, these securities have
lesspronouncedshort-termpricefluctuations
thanstocks,andthereforeofferlowermarket
risk. On the other hand, their overall inflation
risktendstobehigherthanthatofstocks,as
their long-term return potential is also lower.
Bond returns may also be influenced by
movementsinshort-terminterestrates.When
interestratesrise,bondpricesarelikelytofall.
Cash equivalents--Theseassetsaredefined
as being short-term, low-risk, low-return and
highly liquid. Cash equivalents include U.S.
government Treasury bills, bank savings accounts and bank certificates of deposit, or
CDs.3
Diversification: A Companion Strategy
Before exploring just how you can put an
assetallocationstrategytoworktohelpmeet
yourinvestmentgoals,youshouldfirstunderstandhowdiversification--theprocessofhelpingreduceriskbyinvestinginseveraldifferent
types of individual funds or securities--works
handinhandwithassetallocation.
Whenyoudiversifyyourinvestmentsamong
morethanonesecurity,youhelpreducewhat
isknownas“single-securityrisk,”ortheriskthat
yourinvestmentwillfluctuatewidelyinvalue
with theprice ofoneholding. Diversifying increasesthechancethat,whenthereturnof
4
oneinvestmentisfalling,thereturnofanother
may be rising (though there are no guarantees3).Neitherassetallocationnordiversificationguaranteesagainstinvestmentloss.
Asset Allocation: A Matter of Age and Objective
Although the ideal asset allocation varies
from person to person, standard investment
wisdom states that the younger the investor,
the more heavily a portfolio can be weightedtowardstocks.Asinvestorsage,theymay
needtograduallyshifttoamoreconservative
assetallocation.
Stocks2
Bonds2
Cashequivalents
Risk Level
AggressiveModerateLow
80% 70%50%
15% 20% 40%
45% 10% 10%
Allocations are presented only as examples and are not intended as investment advice. Please consult a financial advisor if
you have any questions about how these examples apply to your
situation.
A Simple Process, With Dramatic Potential
Once you have a carefully crafted asset
allocation, maintain it. Review it at least annually,makingadjustmentsasyourgoalsand
othercircumstanceswarrant.Andrebalance
the investment mix if the performance of
one asset class throws it off kilter. Regardless
of the asset allocation strategy you choose
andinvestmentsyouselect,keepinmindthat
a well-crafted plan of action can help you
weather all sorts of changing market conditions over the long term as you aim to meet
yourinvestmentgoal(s).
1Asset allocation does not assure a profit or protect against a
loss.
2Investing in stocks involves risks, including loss of principal. Bonds
are subject to market and interest rate risk if sold prior to maturity.
Bond values will decline as interest rates rise and are subject to
availability and change in price.
3There is no guarantee that a diversified portfolio will enhance
overall returns or outperform a non-diversified portfolio.
4U.S. Treasury securities (“Treasuries”) are issued by the federal
governmentandareconsideredtobeamongthesafestinvestmentsyoucan make, because all Treasury securities are backed
by the “full faith and credit” of the U.S. government. Certificates
of deposit are FDIC insured and offer a fixed rate of return if held
to maturity.
Scott McClatchey provides investment and
retirement planning services to SIU Credit Union
members through a partnership with Alliance
Investment Planning Group. A CERTIFIED
FINANCIAL PLANNERTM, Scott keeps regular
officehoursfrom9:00to1:00onTuesdaysatthe
Carbondale East branch and is also available
byappointment.Call618-549-8632tosetupan
appointmentwithScott.
BRANCHIONS
LOCAT
Mailing Address
P.O.Box2888
Carbondale,IL62902
Carbondale
1217WestMainStreet
Lobby Hours
Mon-Thurs
9:00am-5:00pm
Friday
9:00am-6:00pm
Drive Up Hours
Mon-Thurs
7:30am-5:00pm
Friday
7:30am-6:00pm
Saturday
8:00am-1:00pm
395N.GiantCityRoad
Lobby Hours
Mon-Thurs
9:00am-5:00pm
Friday
9:00am-6:00pm
Saturday
9:00am-1:00pm
Drive Up Hours
Mon-Thurs
7:30am-5:00pm
Friday
7:30am-6:00pm
Saturday
8:00am-1:00pm
Energy
300S.Pershing
Lobby Hours
Mon-Fri
Drive Up Hours
Mon-Thurs
Friday
Marion
2809OuterDrive
Lobby Hours
Mon-Thurs
Friday
Saturday
Drive Up Hours
Mon-Thurs
Friday
Saturday
9:00am-5:00pm
8:00am-5:00pm
8:00am-6:00pm
9:00am-5:00pm
9:00am-6:00pm
9:00am-1:00pm
7:30am-5:00pm
7:30am-6:00pm
8:00am-1:00pm
Metropolis
704East5thStreet,Suite1
Lobby Hours
Mon-Fri
9:00am-5:00pm
Drive Up Hours
Mon-Fri
9:00am-5:00pm
NEW LOCATION! Harrisburg
777FordStreet
Lobby Hours
Mon-Fri
9:00am-5:00pm
Phone Numbers
Local
TollFree
Q-Phone
618-457-3595
800-449-7301
800-455-0169
Federally insured by NCUA
www.siucu.org