Newsletter - PSE Credit Union

March 2016
Refinance your auto loan with
PSE CREDIT UNION
GET
A RAINBOW EXPERIENCE
CASH
BACK
by Gloria M.
I will always be grateful to Rainbow Children’s Hospital for the care
they gave my son. In 1983 my son, Jeffrey, was born four weeks
early at Deaconess Hospital, but at 6 pounds and 13 ½ ounces he
was not really considered to be premature. The problem was that
he had aspirated fluid during birth, a condition called “wet lungs.”
He needed to be given medication intravenously. So a few hours
after his birth he was transported to Rainbow Children’s Hospital
Neonatal Intensive Care Unit for what would be a ten day stay. I still
remember them bringing him in to say goodbye to me in a little
wheeled crib. It is not easy to be in the maternity ward with other
mothers holding their babies while yours is so far away! The nurses
at Rainbow Children’s Hospital were wonderful, I could call any time
day or night and they would give me an update on my son and
answer any questions that I had. He was born on a Thursday night
and by Sunday morning I was discharged and made Rainbow my
first stop before going home to my fourteen month old daughter.
We visited every day until he came home. The care he received
was great and I was given plenty of privacy and opportunities to
nurse my son during the hospital stay. I will always be grateful to
Rainbow Babies and Children’s Hospital and have a special place in
my heart for the work they do and the care they give.
Earn $500* cash back by refinancing your auto loan
with PSE from April 1st to May 31st, 2016 and get a
3% cash back rebate!
Call, log on or stop by TODAY!
Main Office: 440-545-5135
Strongsville Office: 440-572-3830
Medina Office: 330-661-0160
www.psecreditunion.org
Jeffrey in 1983
Jeffrey in 2016
OFFICE CLOSINGS
Wednesday, March 9 - Employee Training
Monday, May 30 - Memorial Day
*$500 cash back based on an auto loan refinance of $16,675. Promotional terms do not apply to loan currently
financed with PSECU. Standard underwriting criteria terms and conditions apply. All accounts are insured to
$250,000 by American Share Insurance (ASI), a private member owned insurer. This institution is not federally
insured. MEMBERS’ ACCOUNTS ARE NOT INSURED OR GUARANTEED BY ANY GOVERNMENT OR
GOVERNMENT-SPONSORED AGENCY.
CREDIT UNION
SCHOLARSHIPS
Credit Union Scholarship forms are now available.
Call 440-545-5125 or email [email protected]
Introducing Something NEW and Exciting — Our Deluxe Checking!
Deluxe Checking
Financial Features
•
•
•
•
•
•
Plus, with Deluxe Checking you also receive
the following benefits at no additional cost:
This account earns interest1
10 FREE ATM withdrawals per month.
Any additional ATM withdrawals are $3.00.
NO per check charge
FREE Visa Check Card (Debit/ATM card)
gives you 24 hour access to your account
Free Online Banking and Bill Pay Home Financial Services (HFS)
Free Remote Deposit with PSE mCHECK
(deposit checks from your smartphone)
1
Deluxe Checking - Interest and Annual Percentage Rate
(as of September 30, 2015)
Minimum Balance
Rate
APY
$0
0.05%
0.05%
Based on average daily balance.
IDProtect®
• Identity theft protection for you and your family
• Includes Credit File Monitoring, Credit Report
identity fraud expense reimbursement
2
coverage and resolution service and secure
internet browsing
Cellular Telephone Protection*
•
•
•
•
Cellular phone bill must be paid through
this account
Covers first three phones listed on the
cellular phone bill
Covers damage or theft / Up to 2 claims per year
Up to $300 per claim / $50 deductible per claim
Accidental Death & Dismemberment
Insurance*
•
•
•
•
Up to $10,000
24-hour coverage
Coverage divides equally among joint
account owners
Coverage reduces by 50% at age 70
Family Health Discounts
• Prescription Drug Plan - Save up to 30%
on average on brand name and generic
prescription drugs
This is not insurance. (Registration and activation
is required)
$500.00 Grocery Coupon Book
• Members have the choice of ordering
their coupons by mail, phone, fax or
over the Internet.
(Terms & conditions apply. Registration & activation required.)
Cash Back Member Rewards
• Members can earn 10% cash back on
everyday purchases - such as groceries,
household supplies, entertainment.
(Terms & conditions apply. Registration & activation required.)
All for a low monthly service charge of $4.95.
The service charge is $3.95 with e-statement.
* Special Insurance Program Notes: The descriptions herein are
summaries only. They do not includes all terms, conditions and
exclusions of the policies described. Please refer to the actual policies
for complete details of coverage and exclusions. Insurance is offered
through the company named on the certificate of insurance.
American Share Insurance. Your deposits are insured to $250,000 per
account. This institution is not federally insure, and if the institution fails,
the Federal Government does not guarantee that depositors will get back
their money. MEMBERS’ ACCOUNTS ARE NOT INSURED OR GUARANTEED
BY ANY GOVERNMENT-SPONSORED AGENCY.
Deluxe Checking Account Holders –Be sure to register for the new package of account benefits
(including your ID Protection benefit) by logging on to the eClubOnline.net site located on our website
or go directly to www.eClubOnline.net and register with the access code you received in your mailing or at account opening.
Pump Up Your Savings!
Feel The Savings Burn!
Dream Big!
Join Us
in celebrating
Credit Union
Youth Month!
April 1 - 30, 2016!
F.Y.I. TAX REFUNDS
**For those members receiving a tax refund via Direct Deposit**
If you are having your refund deposited into your:
CHECKING ACOUNT . . .
SAVINGS ACCOUNT . . .
use the account number
use the account number
located at the bottom of
located in the
your checks which includes
upper right hand corner
some extra digits
of your statement
(this is a 10 digit number).
(this is a 6 or 7 digit number).
TRANSFER CREDIT
CARD BALANCES TO
YOUR PSE VISA FOR
A LOW
3.99% APR*
FOR VISA GOLD,
CLASSIC AND
VANILLA CARDS
FROM JAN. 15 APRIL 15
CALL THE VISA
DEPT. FOR DETAILS
440-545-5113
*Annual Percentage Rate
Shared Branching Begins April 1, 2016! What does that mean for our
members? It means you will be able to perform your account transactions
at over 5,000 branches NATIONWIDE!
Talk About Savings! The Sprint Credit
Union Member Discount
Credit Union Member Verification
How would you like valuable savings on monthly wireless data bills
– plus waived activation and upgrade fees? You get all that and more
thanks to PSECU and Sprint’s Credit Union Member Discount.
There are two ways to save with Sprint:
Members
• Get a 10% discount on select regularly priced Sprint monthly data service
• Have your activation fee on new lines waived ($36 savings)
• Have your upgrade fee waived ($36 savings)
•Mention Corporate ID: NACUC_ZZM
Business Members
• Get a 15% discount on select regularly priced Sprint monthly data service
• Have your activation fee on new lines waived ($36 savings)
• Have your upgrade fee waived ($36 savings)
•Mention Corporate ID: NACUC_ZDS_ZZM
Verification is easy and only takes a few minutes to complete. There are four
ways to verify your credit union membership:
1. Free Love My Credit Union Rewards app for Android and/or iPhone.
2. iPhone users find it at the Apple App Store.
3. Android users find the app in Google Play.
4. Search for “Love My Credit Union Rewards.”
You will be prompted to black out all confidential information within the app.
Fill out and fax the Sprint Verification Form (http://www.lovemycreditunion.
org/sprint) and supporting documents to the Sprint Corporate Accounts:
913.523.1987 or toll free: 877.687.8211.
Visit www.Sprint.com/verify from a mobile device.
Sign up for Sprint’s AutoPay using your credit union checking account or
credit union debit/credit card: http://www.sprint.com/.
Start saving with Sprint today!
Diversification:
What it is and why it’s important in today’s world.
The goal of diversification is not to boost
performance—it won’t ensure gains or guarantee against losses. But once you choose to
target a level of risk based on your goals, time
horizon, and tolerance for volatility, diversification may provide the potential to improve returns for that level of risk.
To build a diversified portfolio, you should
look for assets—stocks, bonds, cash, or
others—whose returns haven’t historically
moved in the same direction, and, ideally,
assets whose returns typically move in
opposite directions. This way, even if a portion
of your portfolio is declining, the rest of your
portfolio, hopefully, is growing. Thus, you can
potentially offset some of the impact of poor
performance on your overall portfolio.
Another important aspect of building a
well-diversified portfolio is that you try to stay
diversified within each type of investment.
Within your individual stock holdings,
beware of overconcentration in a single stock.
For example, you may not want one stock to
make up more than 5% of your stock portfolio.
It’s also smart to diversify across stock
holdings by market capitalization (small,
mid, and large caps), sectors, and geography.
Again, not all caps, sectors, and regions have
prospered at the same time, or to the same
degree, so you may be able to reduce portfolio
risk by spreading your assets across different
parts of the stock market. You may want to
consider a mix of styles, too, such as growth
and value.
While our domestic markets have recently
suffered losses, losses in other geographic
regions, and in other sectors have fared far
worse. In 2015, the S&P 500, a broad measure
of the US market, was down .7%. The energy
component of the S&P 500 meanwhile was
down 21.1%, and markets in China and Brazil
were down 7.6% and 41.2% respectively.
Let’s look at two portfolios, both with the
same asset allocation, 100% invested in stock
mutual funds, but with different diversification. Portfolio A is concentrated in three different sectors, energy, materials, and technology,
while Portfolio B is more diversified, having
holdings in three broader categories--large
cap, mid cap and small cap companies.
Portfolio A
Portfolio B
Vanguard
Energy
-21.5%
T Rowe
Price Blue
Chip
Fidelity
Select
Materials
-8.9%
Fidelity
Low Priced -5.6%
Stock
T Rowe
Bridgeway
Price Global -21.1%
Small Cap
Tech
Total
-9.1%
Total
11.2%
4.9%
5.1%
Building a diversified portfolio can be
difficult and involve technical details which
may be beyond the reach of the average
investor. You may need to educate yourself
with things like alpha and beta.
Beta is a measure of the volatility, or
systematic risk, of a security or a portfolio in
comparison to the market as a whole. Beta
is used in the capital asset pricing model
(CAPM), a model that calculates the expected
return of an asset based on its beta and
expected market returns.
Alpha is a measure of performance on a
risk-adjusted basis. Alpha, often considered
the active return on an investment, gauges
the performance of an investment against a
market index used as a benchmark, since they
are often considered to represent the market’s
movement as a whole. The excess returns of
a fund relative to the return of a benchmark
index is the fund’s alpha.
Questioning whether your portfolio has
adequate diversification? Lineweaver Financial
offers a complimentary analysis of peoples’
portfolios.
Lineweaver Financial Group will be having
one of their ongoing educational programs on
the importance of diversification on March 15th
at 1:00pm and March 17th at 6:30pm. Call our
office at 216.520.1711 to reserve your seat
Lineweaver Financial Group
9035 Sweet Valley Drive Valley View, OH 44125
216.520.1711 ❖ Lineweaver.net
Securities offered through Triad Advisors, Member
FINRA/SIPC. Advisory services offered through
Lineweaver Wealth Advisors, LLC. Lineweaver Wealth
Advisors is not affiliated with Triad Advisors. Not NCUA
and FDIC insured. Not a condition of any Credit Union
Service and no Credit Union/Affiliate Guarantee. Not a
deposit product and may lose value.
5255 Regency Drive • Parma, Ohio 44129
(440) 843-8300
psecreditunion.org
Happy
St. Patrick’s
Day!
Borrow up to $6,000 for 60 months at 6% APR* • Call 440-545-5135 for complete details.
*Annual Percentage Rate. The 6% rate quoted is based on a credit score of 730+ and is our best rate, rates may increase by as much
as 12% depending on credit worthiness. This is a limited time offer, loan approval is not guaranteed. Standard underwriting criteria,
terms and conditions apply. This promotion cannot be combined with any other loan discounts.
Did You Know? Anyone who lives, works, worships or attends schools in CUYAHOGA and MEDINA COUNTY may join PSE Credit Union. Call 440-545-5139 to open an account today!
The Financial Privacy Notice can be found on our website at: www.psecreditunion.org under Financial Privacy Rights.
* Loan Processing Centers:
Main Office *
5255 Regency Dr.,
Parma, OH 44129
Phone..................440-843-8300
Fax........................440-843-7741
Mon. - Thur................9am–5pm
Friday.........................9am–6pm
Saturday..................... 9am–2pm
Strongsville Office *
12700 Prospect Road
Strongsville, OH 44149
Phone................. 440-572-3830
Fax...................... 440-572-1383
Mon. - Thur...............9am–5pm
Friday........................9am–6pm
Saturday.................... 9am–2pm
Medina Office *
3845 Pearl Road
Medina, OH 44256
Phone................. 330-661-0160
Fax....................... 330-721-7017
Mon.,Tues.,Thur.........9am–5pm
Friday........................9am–6pm
Saturday.................... 9am–2pm
Tri-C Branch Offices: (Summer Hours May Vary.)
Tri-C West 11000 Pleasant Valley Road, Room G-109 • Parma, OH 44130
Ph. 216-987-5250 • Tues. 9:00am - 12:30pm/1pm - 5pm
Fri. 10am - 11:30 am/12pm - 4pm • Closed Mon., Weds. and Thur.
Tri-C Metro2900 Community College Avenue, Room 88E • Cleveland, OH 44115
Ph. 216-987-4250 • Mon.& Wed. 9:30am - 4:30pm / Fri. 9:30am - 5pm
4250 Richmond Road, Room 1222 • Highland Hills Village, OH 44122
Ph. 216-987-2250 • Tues. & Thurs. 9:30 - 11:30 am, 12pm - 4:30 pm
Tri-C East
ATTENTION Out-Of-State Members: We now have a 1-800 # for you to use when calling the credit union. Dial 1-877-RING PSE (1-877-746-4773).
American Share Insurance. Your Deposits are insured to $250,000 per account. This institution is not federally insured, and
if the institution fails, the Federal Government does not guarantee that depositors will get back their money. MEMBERS’
ACCOUNTS ARE NOT INSURED OR GUARANTEED BY ANY GOVERNMENT OR GOVERNMENT-SPONSORED AGENCY.
This newsletter
printed on
recycled paper.