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Summer 2016 - Empower Federal Credit Union
A Select Employee Group Newsletter Publication of Empower Federal Credit Union® 1 SUMMER 2016 Oh, The Places We Go... -by Anonymous Summer is winding down and it seems not a day goes by that we don’t hear that someone is going someplace new! I have been in many places, but I’ve never been in Cahoots. Apparently you can’t go alone. You have to be in Cahoots with someone. I’ve also never been in Cognito. I hear no one recognizes you there. David Duerr Vice President of Business Development I have, however, been in Sane. They don’t have an airport; you have to be driven there. I have made several trips, thanks to my friends, family and work. I would like to go to Conclusions, but you have to jump to get there. I have also been in Doubt. That is a sad place to go, and I try not to visit there too often. I’ve been in Flexible, but only when it was very important to stand firm. I’ve also been in Trouble, but let’s not talk about that! Sometimes I’m in Capable, and I go there more often as I’m getting older. One of my favorite places to be is in Suspense! It really gets my adrenalin flowing and pumps up the heart! So now you’re in The Know. Just thought I’d let you in on it! At Empower Federal Credit Union, we understand the importance of your journey and are here to help you arrive at your destination comfortably. Hope you enjoy the balance of your summer and thanks for allowing us to serve you along your way! David Duerr Vice President of Business Developement Welcome New Select Employee Groups (SEGs) 1900 Brewerton LLC 4754 Cleveland Rd. Inc. 49 KUSTOMZ & PERFORMANCE A & K Eurowerx LLC A and B Auto Sales and Repair A1 Day1 Landscaping & Repair LLC Acala Tattoo ADCO Properties Aden Golden Arrow, Inc. Advanced Plus Medicaid Transportation Inc. Advantage Sales and Marketing Aerotek Aflac Afs Industries Inc. AG Bagging AG DESIGNS Ag Investigations LLC AIM Independent Living Alicia Mastronardis Salon All About Cleanouts All Metro Health Care Allied Appliance Service Allsource Fire Supply Allstate Insurance: Edward Valdes Aloft Syracuse Inner Harbor American Civic Association, Inc. Amherst Chamber of Commerce Amp It Up Construction ANGUS’ CATERING SERVICE Aquatic World Arbor Housing and Development Architectural Masonry and Construction Arigo Properties Arise Cayuga/ Seneca County Arnold’s Contracting Landscaping Artistic Designs Dance Auburn Doubledays Auburn Home Improvements Auto Insure Agency, Inc. AXIOM Appraisal Service Bach Productions Barnes Performance Cycles Basta On the River BDE Holdings, LLC Bean Media Productions Bella Fiore Better Credit 123, LLC Better Homes and Transport Inc. Bianco`s Barbershop Big Chiefs BBQ and Catering Big Dog Grafix Bio-Link, Inc. Bizcreek Solutions Blackmer Family Eyewear Blues Legend Guitars LLC Bo-Mer Plastics Bonsai Sales Services Brickyard Photography LLC Brine Wells Development, LLC Broome-Tioga BOCES Buffalo Alarm Inc. Buffing by Becca Burns Kenwick LLC Burren Holdings, LLC C & C Sealing C and A Logging C and J`s Northside Pharmacy C Laxton Promotions Canandaigua Chamber of Commerce Candlewood Suites Canine Clubhouse Capt. Tims Dive Charter Care Cars of Central New York LLC Caring Hearts Medical Transportation Carlson Way, Inc. Cars R Us Carter Company Caryl Electric Co, Inc. CASH FOR CANS Cassoni Enterprises Cayuga County Homesite Dev Corp CC COACH, LLC CC Collision Ccm Construction Management Central Physical & Occupational Therapy CENTRAL WINDS CHB Residential Cheson Signs and Graphic Inc. Chili`s Grill & Bar #874-Liverpool Chili’s Grill & Bar #0656- Syracuse Chili’s Grill & Bar #1365-Auburn Chittenango Lumber Co., Inc. Clauter Clean Start Systems Clearly Puzzled Games LLC CNY Bluegrass Association CNY DEFENSIVE DRIVING CNY Lawn Gator CNY Veterans Outreach Center Cobb Hill Larender Cobbles West Partners Family LTD Cole`s Lawncare Comfort Energy Solutions Commercial Roofing and Sheetmetal, Inc. Contemporary Obstetrics Cory`s Flooring CSEA Local 449 CSM Finishing CURB APPEAL SEALCOATING Cuse Culture Cuse Fitness Custom Concrete Contract Cw Gabriel Associates, LLC D & L FLOORING DCL Contracting & Home Improvements Dead End Delphia’s Restaurant & Bar Dem Boys Ent LLC Dewald Roofing Co., Inc. Dezzi Dumpster Rental Dingles Lakeside Ice Cream DJW`s Flooring Solutions Dks Quality Construction Dk’s Smokin Bbq Co LLC Doggone Workout Dopko Inc. Dot`s Southern Soul Food, LLC DR Abatement Inc. Dream Catchers Drive Research, LLC Dunlap Lawn and Landscape Durant Associates, LLC Ellis Outdoor Products LLC Elmer W. Davis, Inc. Roofing Empire Brewing Company Eric Mower and Associates Evans Mechanical Inc. Exotic Eyewear Expert Computer Care F.R. Stone Construction CO. Family and Children`s Society Farrell Riding Co. Felchar Manufacturing Corp Fenton Sales, Service and Excavating Finger Lakes Bio, LLC Fingerlakes Towing and Auto Recovery Firenze Property Maintenance LLC Fit For Life Personal Training Four Sisters Treasures Fox Fire Golf Course Fred`s A/V Solutions Freedom General Contractors and Handyman Services Fresh Line Painting Friendly Service Lock and Alarm Frito-Lay Furry Friends Holistic Pet Spa G and C Management G and S of North Syracuse, Inc. G Ward Properties, LLC Gemini Pets and Things, LLC Gerould`s Professional Pharmacy, Inc. Giarrosso Heating and Cooling Co. GLM Lawns Grace Medical Transport LLC Great Grace Church of God In Christ, Inc. Greater Binghamton Hospitality & Tourism Association Green Acre Lawn and Garden Center Gruenewald David Law Office Guitar Center Store #815 H & H Property Services H & R Project Associates, LLC Hair Bow Design By D&S Hanafin Marine Heavenly Helpers Rock Helping Hands Transportation Hillcrest Design and Build Hilltop Building & Construction LLC Hinchey Properties LLC Hiscock Legal Aid Society Hofmann Sausage Co. Holiday Inn Express Home Decor Liquidators Home Decor Liquidators- Buffalo Home Inspection Experts Inc. Homesense, LLC Hydra Technology Corporation I Apologize Foundation I-86 Collision Center Ian M Farrell Insurance Agency LLC ICOM Technologies DBA Syracuse Business TV Ilion True Value Hardware Inksmen Tattoo Co., LLC Inspire Studios Installations Unlimited Irish Bee, LLC Iroquois Nursing Home J K Rock, LLC J. Pearce & Son, Inc. Jacob`s Lawn Care Jake’s drywall Jamie Ghany, PHD JB Wall Street Grill JC Plowing JDM Construction Jenkins Real Estate JLP Enterprises JMD Painting Joes Window Cleaning Johnson Controls, Inc. Joy Process Mechanical JP’s Marine Storage, LLC JTS Remodeling JTS Systematic Company, Inc K2 Center Kcup Krazy Kdcooper Kmart Store #4125 Northrup Insurance Agency NORTHSTARS Boys Lacross Nucor Steel Nutrisport Distributors Inc. Nutrition Consultant Nuttshell Marketing Services NZK Property Maintenance Oak Hill Stables OGGI Concrete Forms & Accessories Inc. OIM Squared Inc. Old Union Hotel Onondaga County Deputy Sheriffs Benevolent Association Onondaga Nation Arena Original Pancake House Orkin Oswego Pads, LLC P & N Construction Paladinos Cicero Pizza Papas To Go Papaya Pastas On The Green Patricia Electric Inc. Pawpals Playtime Peace of Mind Transport, LLC Pearl Services Penird`s Snow Plow and Lawn Service Peppino`s Neapolitan Restaurant Pepsi Perfectly Pickled Products, LLC Performance Heating and Cooling Perisight, LLC Perryville Power Equipment Piccadilly Square Place Financial Advisors Platinum Power Washing Pondview Porch Light Properties CNY, LLC Porchlight Theater Productions Post Realty Powerhouse Gym Syracuse Inc. Precision Ramps Precision Wood Stairs, LLC PUCCI BRONSON, LLC R & N Products R. Knittel Home Improvement Inc. Ralph G Waldron Jr. Contractor, LLC Rapistak Corporation Raulli & Sons, Inc. Raymond’s Pizza & Summertime Treats Recovery Support Inc. Red Dragon House, LLC Redline Recreation, LLC Reformed Church Reign Fit, LLC Reymore Chevrolet Richer Show Horses Rockewll RD Inc. Rolince Property Improvement, LLC Rooster’s Lawn Service Roser Communications Network Rowley’s Onsite RV Service RPH Consulting Inc. RRT Rural Health Network of South Central New York, Inc. Ryan James Landscape Management, LLC Ryan Painting & Renovations Saber Transportation Safe Home Inspections Safiyyah’s Styles Salon 32, LLC Sal’s Pizza Baldwinsville Salt Lake City Skates, Inc. (DBA Skating Club of CNY) Sand Stone and Snow Sc Packaging, Inc. Schuster Construction, LLC.com We Play Adventures Scott Bowman Construction Weather-Tec Enterprises, Inc. Serinity Nails Weekend Warrior Shelby Farms Weis Markets- Elmira Simple Roast Coffee Company, LLC Weller Hardwoods, LLC Sip Empire Corporation White Cap Creamery Site-one Construction Whitetail Construction Skaneateles Town Square Windsor Property Group LLC Slavicks Installations, LLC Winners Wine and Spirits Sleep Number Xylem Inc. Small Hands and Footprints Zalatan Dental Smokey Bones Bar and Fire Grill #7583 Zam Zam Property Management SMP Repair Solution-To-Pc Sorbello`s Produce and Nursery Soulamander, Inc. Southern Tier Balloon Tours Southern Tier NY American Poolplayers Association Stanley Center for the Arts Starpine Properties, LLC Stay Play and Grow Stephen L Barker MD, PC Stone Island CNY, LLC Stonewell Bodies and Machine Inc. Subway Store #11332 Subway Store #24433 Subway Store #26361 Subway Store #366 Sum Fin Fishy Summit Medical Transport Sunshine Products Superior Builders of CNY Inc. Superior Fence Sweet Valley Produce Syracuse Quality Living Syracuse Select Basketball Syracuse Sheet Metal Co. Inc. Syracuse Tree & Stump Removal SyraucseTypographical Union 55 T&O Realty Associates, LLC (DBA Tora Crushing & Screening) Taylor Precision Masonry TDJ Home Enterprises LLC Teleride Medical Transportation The Art Of Life Studio The Sand Box Tile & Carpet Town Carpet One Floor and Home Titan Roofing, Inc. Utica TJ Sheehan Distributing Inc. TJMG1, LLC Tj’s Hydroponics Inc. TLC Emergency Medical Services Inc. T-Mobile Store #4486 Top Hat Auctions Toughpups and Pampered Princesses Town of Salina Town of Salina Highway Dept. TPC Properties Tranquil Memories Tranquil Way LLC TREE’S Construction Trek and Roam Trix of “66” - 50th Class Reunion Inc. TT Contracting, LLC Ultimate View Yardscapes Uniqueimpact Inc Upstate Nails Urban Earth Graphics Us Mobile Detailing Inc. Valley Hair Connection Vanderburg Enterprises LLC Vincent Cramer Lawn & SN Visionworks VSC Properties, LLC Walker Tree Care, Inc. We Fly Welcome New Select Employee Groups (SEGs) Knight of Columbus 733 Utica Assembly Koala Care Childcare Center Kohl`s-Victor Kool Mamas Kitchen Kourtesy Tours Kristin’s K-9 Care L V Painting LaBella Baskets and Gifts Lakeshore Bait & Tackle Lannas Uptown Auto Inc. Larkins Restaurant LC Massage Therapy Legacy Music, LLC Let It Shine Cleaning Lifesource Health, Inc. Liverpool Shoes, Inc. LoPiccolo’s Auto Group, LLC Lularoe Betsy Rose Inc. LVD Strippit, Inc. Lynch’s Landscaping of NY, LLC Lywire Entertainment, LLC MAC Administrative Service Magnosi Enterprises, Inc. Maguire Dodge Ram of Syracuse Maguire Nissan of Syracuse MANE Attraction Marathon Grounds Care Marriott Syracuse Downtown Marteau Technology Group Martens Companies, LLC Matthew House Inc. Mavis Discount Tire- Horseheads store #137 McCann Mechanical Contracting McClure`s NY Deli Media Wolves Meg Klamm Interior Decoration Inc. Michael Mcconnell Concrete, Inc. Michael’s Transport Service Mikes Auto Sales and Reconditioning Millard Enterprises, LLC Miss Priss Wedding Planning Mixup Monro Muffler Brake and Service Store #383 Monro Muffler Brake and Service Store #62 Monro Muffler Brake and Service Store #101 Monro Muffler Brake and Service Store #55 Monro Muffler Brake and Service Store # 52 Monro Muffler Brake and Service Store # 56 Monro Muffler Brake and Service Store #100 Monro Muffler Brake and Service Store #32 Monro Muffler Brake and Service store #325 Monro Muffler Brake and Service Store #353 Monro Muffler Brake and Service Store #361 Monro Muffler Brake and Service Store #455 Monro Muffler Brake and Service Store #458 Monro Muffler Brake and Service Store #51 Monro Muffler Brake and Service Store #57 Monro Muffler Brake and Service Store #60 Mow-n-mulch Co Ms. Judy`s Hair Plus Nagehom, LLC Nathanael Greene`s Publick House National Correctional Service, LLC Natural Senses Massage Therapy P.C Network Craze Technologies, Inc. New Vision Industries New York Bus Sales New York Riders New York Wedding Expo Niagara Lutheran Health System No Cars on Mars Collectables Nobles Tire City North Country Landscaping North Side Automotive North Street Diner, LLC Northern Electric Contractors Now is a Good Time to Plan for Next Year’s Taxes New Law to Affect Refunds in 2017... Which May Cause Delays You may be tempted to forget about your taxes once you’ve filed but some tax planning done now may benefit you later. Now is a good time to set up a system so you can keep your tax records safe and easy to find. Here are some tips to give you a leg up on next year’s taxes: A new law requires the IRS to wait until Feb 15 2017 to send refunds to households receiving the Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC) during the opening weeks of the 2017 filing season. Take action when life changes occur. Some life events can change the amount of tax you owe. Examples include a change in marital status or the birth of a child. When these happen, you may need to change the amount of tax withheld from your pay. This action is driven by the Protecting Americans from Tax Hikes Act of 2015 (PATH Act) that was enacted into law on December 18, 2015. The new law mandates that no credit or refund for an overpayment for a taxable year shall be made to a taxpayer before February 15 if the taxpayer claimed the Earned Income Credit (EITC) & Additional Child tax Credit (ACTC) on the tax return. Report changes in circumstances to the Health Insurance Marketplace. If you enroll in insurance coverage through the Health Insurance Marketplace for 2016 coverage, you should report changes in circumstances to the Marketplace when they happen. Report events such as changes in your income or family size. Doing so will help you avoid getting too much or too little financial assistance. This change begins January 1, 2017 and may affect some returns filed early in 2017. lTo comply with the law, the IRS will hold refunds on EITC and ACTC related 2016 returns until February 15, 2017. Keep records safe. Print and keep a copy of your 2015 tax return and supporting records together in a safe place. This includes W-2 Forms, Forms 1099, bank records and records of your family’s health care insurance coverage. If you ever need your tax return or records, it will be easier for you to get them. For example, you may need a copy of your tax return if you apply for a home loan or financial aid for college. You should use your tax return as a guide when you do your taxes next year. lThis allows additional time to help prevent revenue lost due to identity theft and refund fraud related to fabricated wages and withholdings. lTaxpayers should file as they normally do, and tax return preparers should also submit returns as they normally do. lThe IRS still expects to issue most refunds in less than 21 days, though the IRS will hold refunds for EITC & ACTC related tax returns filed early in 2017 until February 15 and then begin issuing the affected refunds. Stay organized. Make tax time easier. Have your family put tax records in the same place during the year. That way you won’t have to search for misplaced records when you file next year. Think about itemizing. You may be able to lower your taxes if you itemize deductions instead of taking the standard deduction. Owning a home, paying medical expenses and qualified donations to charity could mean more tax savings. If you have any questions please feel free to contact Empower Associated Services tax department at 315.426.5678 and an Enrolled Agent or an experienced tax preparer will answer your tax questions. Tax Preparation services are performed by employees of Empower Associated Services, Inc., a wholly owned subsidiary of Empower Federal Credit Union. Empower Federal Credit Union is not providing tax or legal advice. SEGWay | SUMMER 2016 | Empower Federal Credit Union® Helping in the Community! Ice Cream Days, Ribbon Cuttings, Yard Work, Charity Golf events, Seminars, Lunch n’ Learns, Community events and more... SEGWay | SUMMER 2016 | Empower Federal Credit Union® Eleven Ways to Help Yourself Stay Sane in a Crazy Market Paul Mooney VP of Financial Investments Services & Retirement Solutions Program Manager - CUSO Financial Services, L.P. that your investments are performing in line with those benchmarks, that realization might help you feel better about your overall strategy. Even a diversified portfolio is no guarantee that you won’t suffer losses, of course. But diversification means that just because the S&P 500 might have dropped 10% or 20% doesn’t necessarily mean your overall portfolio is down by the same amount. Keeping your cool can be hard to do when the market goes on one of its periodic roller-coaster rides. It’s useful to have strategies in place that prepare you both financially and psychologically to handle market volatility. So, here are 11 ways to help keep yourself from making hasty decisions that could have a long-term impact on your ability to achieve your financial goals….and a bonus to really help you stay sane in a crazy market….. 4. Tell yourself that this too shall pass 1. Have a game plan Anyone can look good during bull markets; smart investors are produced by the inevitable rough patches. Even the best investors aren’t right all the time. If an earlier choice now seems rash, sometimes the best strategy is to take a tax loss, learn from the experience, and apply the lesson to future decisions. Expert help can prepare you and your portfolio to both weather and take advantage of the market’s ups and downs. Having predetermined guidelines that recognize the potential for turbulent times can help prevent emotion from dictating your decisions. For example, you might take a core-and-satellite approach, combining the use of buy-and-hold principles for the bulk of your portfolio with tactical investing based on a shorter-term market outlook. You also can use diversification to try to offset the risks of certain holdings with those of others. Diversification may not ensure a profit or guarantee against a loss, but it can help you understand and balance your risk in advance. And if you’re an active investor, a trading discipline can help you stick to a long-term strategy. For example, you might determine in advance that you will take profits when a security or index rises by a certain percentage, and buy when it has fallen by a set percentage. FOR INTERN AL US E O NL Y. NOT FOR PU BLIC DISTRI BUTION. 2. Know what you own and why you own it When the market goes off the tracks, knowing why you originally made a specific investment can help you evaluate whether your reasons still hold, regardless of what the overall market is doing. Understanding how a specific holding fits in your portfolio also can help you consider whether a lower price might actually represent a buying opportunity. And if you don’t understand why a security is in your portfolio, find out. That knowledge can be particularly important when the market goes south, especially if you’re considering replacing your current holding with another investment. The financial markets are historically cyclical. Even if you wish you had sold at what turned out to be a market peak, or regret having sat out a buying opportunity, you may well get another chance at some point. Even if you’re considering changes, a volatile market can be an inopportune time to turn your portfolio inside out. A well-thought-out asset allocation is still the basis of good investment planning. 5. Be willing to learn from your mistakes 6. Consider playing defense During volatile periods in the stock market, many investors reexamine their allocation to such defensive sectors as consumer staples or utilities (though like all stocks, those sectors involve their own risks, and are not necessarily immune from overall market movements). Dividends also can help cushion the impact of price swings. According to Standard & Poor’s, dividend income has represented roughly one-third of the monthly total return on the S&P 500 since 1926, ranging from a high of 53% during the 1940s to a low of 14% in the 1990s, when investors focused on growth. 7. Stay on course by continuing to save Even if the value of your holdings fluctuates, regularly adding to an account designed for a long-term goal may cushion the emotional impact of market swings. If losses are offset even in part by new savings, your bottom-line number might not be quite so discouraging. If you’re using dollar-cost averaging--investing a specific amount 3. Remember that everything is relative regularly regardless of fluctuating price levels--you may Most of the variance in the returns of different portfolios be getting a bargain by buying when prices are down. can generally be attributed to their asset allocations. If However, dollar cost averaging can’t guarantee a profit or you’ve got a well-diversified portfolio that includes multiple protect against a loss. Also consider your ability to continasset classes, it could be useful to compare its overall ue purchases through market slumps; systematic investperformance to relevant benchmarks. If you find ing doesn’t work if you stop when prices are down. Finally, remember that the return and principal value of your investments will fluctuate with changes in market conditions, and shares may be worth more or less than their original cost when you sell them. 8. Use cash to help manage your mind-set Cash can be the financial equivalent of taking deep breaths to relax. It can enhance your ability to make thoughtful decisions instead of impulsive ones. If you’ve established an appropriate asset allocation, you should have resources on hand to prevent having to sell stocks to meet ordinary expenses or, if you’ve used leverage, a margin-call. Having a cash cushion coupled with a disciplined investing strategy can change your perspective on market volatility. Knowing that you’re positioned to take advantage of a downturn by picking up bargains may increase your ability to be patient. 9. Remember your road map Solid asset allocation is the basis of sound investing. One of the reasons a diversified portfolio is so important is that strong performance of some investments may help offset poor performance by others. Even with an appropriate asset allocation, some parts of a portfolio may struggle at any given time. Timing the market can be challenging under the best of circumstances; wildly volatile markets can magnify the impact of making a wrong decision just as the market is about to move in an unexpected direction, either up or down. Make sure your asset allocation is appropriate before making drastic changes. 11. Take it easy If you feel you need to make changes in your portfolio, there are ways to do so short of a total makeover. You could test the waters by redirecting a small percentage of one asset class to another. You could put any new money into investments you feel are well-positioned for the future, but leave the rest as is. You could set a stop-loss order to prevent an investment from falling below a certain level, or have an informal threshold below which you will not allow an investment to fall before selling. Even if you need or want to adjust your portfolio during a period of turmoil, those changes can-and probably should-happen in gradual steps. Taking gradual steps is one way to spread your risk over time, as well as over a variety of asset classes. BONUS…Call Empower Investment Services & Retirement Solutions To make sure you have strategies in place that prepare you financially to handle market volatility, call the professionals at Empower Investment Services & Retirement Solutions. F OR INTE RNAL US E ONLY. NOT OR PUBLIC you stay sane in this crazy Fmarket! We can help Call us today at 800.462.5000 ext. 5434. DISTRIB UTION. 10. Look in the rear-view mirror If you’re investing long term, sometimes it helps to take a look back and see how far you’ve come. If your portfolio is down this year, it can be easy to forget any progress you may already have made over the years. Though past performance is no guarantee of future returns, of course, the stock market’s long-term direction has historically been up. With stocks, it’s important to remember that having an investing strategy is only half the battle; the other half is being able to stick to it. Even if you’re able to avoid losses by being out of the market, will you know when to get back in? If patience has helped you build a nest egg, it just might be useful now, too. Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/ SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. The Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members. Article supplied by Broadridge Investor Communication Solutions, Inc. Materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable. The information in these materials may change at any time and without notice. SEGWay | SUMMER 2016 | Empower Federal Credit Union® Protecting the things you value most. Talk with an Agent to review your insurance needs. 315.426.5678 option 2 • empowerfcu.com/insurance Insurance is offered through Empower Associated Services, Inc., (EAS) a wholly owned subsidiary of Empower FCU. The purchase of insurance from EAS is not required to obtain credit or other services from Empower FCU. Insurance products are not credit union deposits and are not NCUA insured, nor are they obligations of or guaranteed by Empower FCU. Not all insurance products are available in all states. Call for availability in your state. SEGWay | SUMMER 2016 | Empower Federal Credit Union® Welcome..... We welcome Greg Mills to Empower Federal Credit Union’s Business Development team! Greg joined Empower on Monday, July 25. He is taking over our SEG relationships in Northern Onondaga and Oswego counties. We’re pleased to have Greg’s wealth of experience in cultivating relationships with business members and potential members. He has an eagerness to meet the credit union needs of Empower’s Select Employer Groups’ employees and families. Welcome Greg! Empower’s Business Development Team 800.462.5000 or 315.477.2200 Beverly Barry Cheektowaga ext. 5464 Lauri Hoover Cicero ext. 3474 Regional Business Development Manager - Elmira Theresa Rockwell Mohawk Valley ext. 3524 Gail Rizzo-Spilka Syracuse ext. 5813 Regional Business Development Manager - Syracuse Kurt Bartenstein ext. 3444 John Rey ext. 5122 Greg Mills Fulton/Oswego ext. 3493 Zach Majka Johnson City ext. 3498 Melissa Flask Auburn ext. 5436 Business Development Coordinator Bianca Curtin ext. 5143 Business Services at Empower Federal Credit Union® Our Members and Member Companies need to focus on building their business and making their dreams a reality. Our professional Member Business Services staff can assist in reaching these goals. .com Business Solutions They are here to assist in managing your cash flow effectively and efficiently with: Commercial real estate Working capital lines of credit Equipment loans Deposit account options Electronic services and MORE! For more information or to get started designing your plan, contact the Business Services department today to schedule a free, no-obligation appointment: 315.728.5092 / 800.462.5000 6/15 1M h New Branc on! Coming So r our Watch fo ranch Lights B Western at Blvd. ondaga 4729 On e, NY Syracus in late Opening 2016! Rates as low as 3.24% apr* Your New Favorite Tool Home Equity Loan 800.462.5000 • empowerfcu.com APR* = Annual Percentage Rate. Rate shown in effect as of 8/1/16 and is subject to change at any time without notice. Your Annual Percentage Rate for all loans will vary based upon creditworthiness, duration of the loan, type of collateral pledged and the total loan to value. The interest rates shown are “as low as”. The rates shown include a discount for Loan Payment through Direct Deposit and/or Share Transfer. Property insurance is required. Consult a tax advisor regarding the deductibility of interest. Your Annual Percentage Rate for all loans may vary from the stated based upon creditworthiness and discounts. SEGWay | SUMMER 2016 | Empower Federal Credit Union® This Credit Union Is Federally Insured By The National Credit Union Administration.
