member - Sun Federal Credit Union

Contents
2 President’s Message: If
Ever There Was a Time
3 FREE Online Banking
4 Handling Market Volatility
FAL L 2015
member
www.sunfederalcu.org
SAVING GIVING SCAVENGER HUNT
Find Savings
where
you least
expect it!
Start with our
online Loan Saver
Calculator to find
out if you're paying
more interest than
you should.
“FREE UP ”
CALCULATE
Free-Up Cash
for the Holidays
APPLY
Apply online or
contact a lender
today!
Skip your monthly loan payment
and use the funds for any need.
SAVE
Save money with
a lower interest
rate loan! 1
•
Only $25 per loan to skip
one monthly payment
•
Most loans qualify
How to request skip-a-pay:
WE GIVE
BACK
Once we’ve saved
members $2 million
in interest 1, we’ll
give $5,000 to the
Children’s Miracle
Network AND to
our members.2
Get Started at SunFederalCU.org!
1 Offer does not apply to existing SFCU loans. Subject to credit approval. 2 If you take the challenge you will receive one
(1) automatic entry to win one of five cash prizes: (1) $2,500; (1) $1,000 and (3) $500 prizes when you bring SFCU a loan
from another financial institution Drawing will be held by January 14, 2016, and winners notified by phone. No Purchase
Necessary. To enter by mail send a 4x6 card with your name and address to Marketing – SGC, 1627 Holland Rd, Maumee, OH
43537.
www.sunfederalcu.org
Sun Federal Credit Union Newsletter
Volume IX, Issue IIII
•
Get the application at
sunfederalcu.org/skip
•
Call 800.786.0945, option 4
•
Visit your branch
Skip A Payment When
it’s Right for You
Loans for businesses are not eligible. The
skipped payment is added to the end of the
loan term. Interest continues to accrue during
the month a payment is skipped.
ICU DAY
President’s Message
If Ever There Was a Time...
By Gary Moritz, President & CEO
H A P P Y
I N T E R N A T I O N A L
DAY
SERVICE TO MEMBERS • SOCIAL RESPONSIBILITY
• NONDISCRIMINATION • OPEN & VOLUNTARY
MEMBERSHIP • BUILDING FINANCIAL STABILITY
• COOPERATION AMONG COOPERATIVES •
DISTRIBUTION TO MEMBERS • DEMOCRATIC
CONTROL
•
ON-GOING
EDUCATION
•
OCTOBER 15 2015 • #ICUday
WWW.WOCCU.ORG/ICUDAY
The credit union movement began 160 years ago
with a simple but deep-seated idea… that common
everyday people could bond together, like neighbors,
to improve their financial well-being. This people-centric cooperative idea
spread across the world, and credit unions flourished, especially during times
of economic hardship and uncertainty.
During the Great Depression, scores of ordinary Americans—farmers, teachers,
small business owners—found themselves without access to trusted banking
services, so they banded together to form their own not-for-profit financial
cooperatives. Today there are more than 200 million credit union members
worldwide—over 100 million right here in America!
At its most basic function, a credit union is people of a common bond pooling
their money to provide each other with trustworthy and affordable financial
services—a credit union is literally people helping people. This is why we
celebrate International Credit Union day every October! This simple idea
empowers people, wherever they are in the world or in life, to take control of
their own financial future.
When looking back on some of our nation’s, and the world’s, recent financial
challenges – the economic downturn, uncertainty of the stock market and the
continuing greed within Wall Street, if ever there was a time to embrace the
credit union cooperative difference…it’s now!
Celebrate With Us
Join us Thursday, October 15 as
we celebrate International Credit
Union Day (ICU Day) with credit
unions around the world.
Since 1948, on the third Thursday
of every October, credit unions
have celebrated a simple but
radical idea—that by working
together, people can improve
their financial well-being.
In many ways, a cooperative is a most unique and remarkable non-profit
business, we operate solely for our members’ benefit. All income is given
back to members through higher savings rates, lower loan rates and new or
improved services. Our very own Sun Federal mission and values align with the
seven cooperative principles:
1. Voluntary Membership: offering services to people willing to accept the
responsibilities and benefits of membership.
2. Democratic Member Control: Every person has a voice. When you attend
your credit union’s annual meeting or vote for the board of directors,
you’re exercising your member-owner control.
3. Members’ Economic Participation: members own the credit union and
contribute to the capital reserves of the cooperative.
4. Autonomy and Independence: self-help cooperative organizations
controlled by members.
continued on page 4
2
Sun Federal Credit Union Newsletter
Fall 2015
GIVING
FREE Online Banking
Our Online Banking Makes Money Management
Simple and Safe
Making sure your money is where it's supposed to be, when it's supposed to
be there, is getting simpler all the time! Our online banking services allow you
to safely monitor your money, move your money, pay bills, deposit money and
more.
FREE...
Online Banking
Bill Pay
eStatements
3rd Annual
Season of Giving
Sun Federal is committed to our
mission of “people helping
people.”
Our 3rd annual “season of
giving” will brighten the holidays
for members who are nominated
by other members.
Do you know a Sun Federal
member who could use a little
help this holiday?
If so, please tell us a little more
about them. We want to
help!
Added convenience
• Tap, snap & deposit with mobile check deposit
• Turn on text/email notifications/alerts
• Set savings goals
• Create a budget
Save time
• Pay bills online... schedule one-time or recurring payments
• Transfer between your accounts at any time
• Deposit checks any time with Mobile Check Deposit
• eStatements = secure online access within two days of month end
Enjoy Banking Hours Any Time
Get Started Today
www.sunfederalcu.org
Volume IX, Issue IIII
Nominate a Fellow Member
Tell us about the member you’d
like to nominate! Please email
[email protected] by
December 4 at 5:00 p.m. with
your story.
Nominations may also be
delivered by December 4 to any
branch, (attention marketing).
We’re happy to keep your
nomination anonymous...
just let us know.
www.sunfederalcu.org
3
Handling Market Volatility
If Ever...
continued from page 2
5. Education, Training and
Information: peoplecentric education and
training for all members,
elected representatives,
and employees so they can
contribute effectively to the
greater good.
Conventional wisdom says
that what goes up must
come down. But even if
you view market volatility
as a normal occurrence, it can
be tough to handle when your
money is at stake. Though
there’s no foolproof way to
handle the ups and downs of the
stock market, the following tips
can help.
Don’t put your eggs all in one basket. Diversifying your investment portfolio
helps to manage market volatility.
Focus on the forest, not on the trees. As the market goes up and down, it’s
easy to become too focused on day-to-day returns. Instead, keep your eyes on
your long-term investing goals and your overall portfolio if you have years to
invest.
Look before you leap. When the market goes down and investment losses pile
up, you may be tempted to pull out of the stock market altogether and look
for less volatile investments. But before you leap into a different investment
strategy, make sure you’re doing it for the right reasons.
Look for the silver lining. The silver lining of a down market is the opportunity
to buy shares of stock at lower prices. Consider dollar-cost averaging.
Don’t stick your head in the sand. While focusing too much on short-term
gains or losses is unwise, so is ignoring your investments. You should check
your portfolio at least once a year--more frequently if the market is particularly
volatile or when there have been significant changes in your life.
Call to make your no-cost, no obligation appointment with a
Sun Lifetime Financial Advisor located at Sun Federal Credit Union:
Ohio 419.794.7445 | Pennsylvania 215.717.9127
Citation: Broadridge Investor Communication Solutions, Inc. Copyright 2015
For Ohio Members: Securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member
FINRA/SIPC , a registered broker/dealer and investment advisor. CBSI is under contract with the financial institution
to make securities available to members. FR-1288993.1-0915-1017
6. Cooperation Among
Cooperatives: credit
unions protect and expand
the interests of ordinary
people. This kind of onefor-all and all-for-one idea
is unique among non-profit
organizations.
7. Concern for Community:
work for the sustainable
development of families
and communities, including
people of modest means.
When we wish you a Happy
International Credit Union Day,
please know that we’re thanking
you for belonging to a movement
that’s helping families,
co-workers and neighbors—and
people around the world—to
feel financially secure in their
hopes and dreams for a better
tomorrow.
If ever there was a time
to extend and fully
embrace the cooperative
Spirit of Care, that time is
now!
Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any
financial institution.
Rates, terms and conditions are subject to change and vary based on
creditworthiness, qualifications and collateral conditions. All loans are
subject to approval.
4
Sun Federal Credit Union Newsletter
Fall 2015