TruliantNewsletter_2015_Q2 - Truliant Federal Credit Union

SUGGESTIONS, TIPS AND INFORMATION TO IMPROVE YOUR LIFE | SPRING 2015 | TRULIANT.ORG
INSIDE THIS ISSUE:
President’s Message:
Keeping Our Credit
Union Relevant
p.2
New Truliant Locations
in Charlotte Area
p.2
A Message From Your
Chief Operating Officer
p.3
The New and Improved
Truliant.org
p.4
“I’ve traveled all over the world and have
never experienced the type of personal
treatment I receive from Truliant.”
- Sharece Gash
Share Your “Why” for a
Chance to Win $25,000
p.4
A Truliant Mortgage
for Your Dream Home
p.4
Revitalize Your Living
Space with a Home
Equity Loan
p.4
A Better Auto Loan
with Truliant
p.5
Simplified Car
Buying with CUABS
and AutoSmart
p.5
Grow Your Money with
a Truliant Certificate
p.5
New Business Partners
p.6
Use TurboTax® in 2015
and Save
p.6
2015 Annual Meeting
p.6
Mini Grants Start June 1
p.6
Your Family’s Well-Being Before Profits
To Sharece Gash and her family, Truliant Federal Credit Union is truly an amazing
financial institution.
When they married three years ago, Sharece joined accounts with her husband
Chris, who is a Truliant member-owner. She had not used a credit union before.
Truliant’s member-oriented approach made the credit union feel like an extension
of her family – which now includes her two-year-old son, Paul Chris, pictured
above. Sharece is a big fan of Truliant’s flexible Tru2Go App, which allows her to
access her accounts, transfer funds, pay bills, find locations, deposit checks, and
view and activate cash back offers.
But what stands out most is the way Truliant cares for member-owners. “Every
time I go into my branch, I am greeted with: ‘Hello Mrs. Gash. How are you, and
how can we help you today?’” she said. “For them to identify me with a name
shows me they genuinely care… and have built a personal relationship with me.”
President’s Message: Keeping Our Credit Union Relevant
brand, even that of a member and community-focused
credit union.
Everywhere I go I hear
“we love our credit unions”
and “they really make me
feel like I belong.” Truliant
has been very successful
over the years growing to
nearly $2 billion in assets
from less than $400 million
twenty years ago. Yet less
Marc Schaefer
than 2% of our membership
President and CEO
voted in Truliant’s recent
election for the Board of Directors.
Because Truliant actually exists to improve the lives of
our members, we can’t do this unless we capture the
attention of and are able to meet the needs of these
members who are younger.
We are working on ways, together with younger
members and staff who value what Truliant offers, to
open more communication channels to share the value
we bring and why it is worth your while to become
engaged as a member
and perhaps even in
It’s important that
our governance. We
our millennial and
will be highlighting
our volunteers and
younger members
the important role
understand the value
they play in guiding
of “owning” their
Truliant ahead.
Voting in our Board of Directors’ election is open to our
entire membership. Alarmingly, those in the 16-to-35 age
group comprised 25% of eligible voters, but only 7% of
the votes cast. If Truliant is not to be ”your father’s credit
union” and fade off into the sunset, it’s important that our
millennial and younger members understand the value of
“owning” their own financial institution. A credit union is a
place that will empower them to make decisions in their
own best interests with their money.
financial institution.
If you are a younger
Truliant member who
has found value in what we provide, please share your
experience and stories with your colleagues and peers.
If you’re one of us who have lived a bit more, please pass
on your experience to your children, grandchildren, family
and friends.
Generally, this age group likes to be a part of something
bigger than themselves and cares for others in their
community. Truliant’s mission to improve member lives,
instead of selling services to make profits, fills that bill
rather well. And because of our low- to no-fee policies
and competitive loans/savings rates, each member
benefits from being a part of Truliant.
So gather ‘round and I’ll tell you a story about a credit
union that improved its members’ lives for 63 years and
beyond, because those who understood its mission paid
that message forward by telling their story.
On the flip side, members and potential members in
these age groups are digitally engaged across a broad
spectrum of activity and less likely to show loyalty to any
New Locations Conveniently Serve the Charlotte Metropolitan Area
If you live in the Charlotte-Mecklenburg region of North Carolina, you will soon have greater access to Truliant in your community.
In February, Truliant opened our newest location, Park Road, near Charlotte’s Myers Park and SouthPark Mall neighborhoods.
Stop by to meet our team at 4530 Park Road, Suite 110, Charlotte, NC.
By the end of 2016, Truliant will add six additional locations in this fast-growing
area. Set to open this year are:
Ballantyne MFC | 6041 Johnston Road, Suite E, Charlotte, NC 28277
Huntersville MFC | 9706 Gilead Road, Huntersville, NC 28078
Mallard Creek MFC | 3024-B Prosperity Church Road Charlotte, NC 28269
Cornelius MFC | 9820 Zion Avenue, Cornelius, NC 28031
Waverly | 2016
South Boulevard | 2016
Make sure to visit one of our newly opened Charlotte-area Member Financial
Centers at Mint Hill, Harrisburg, Rivergate, and Park Road. Or, visit one of our
long-time Charlotte locations: University, Uptown, Tyvola and Matthews.
LIFE IM PR OV E D
SM
2
A Message From Your Chief Operating Officer
Charlotte Expansion to Offer
Members Better Service
Our market research
shows that the residents of
Charlotte are hungry for an
institution that always has
their best interests at heart,
one that offers great rates
and lower fees, and one that
has all the digital service
you’d expect in 2015.
It’s hard to read the writing on the wall. Sometimes you have
to write it yourself.
For two years we’ve been charting an important expansion.
It’s one of the largest projects in Truliant’s 63-year history.
By the end of 2016, we will have increased our Member
Financial Center footprint in Charlotte from four to 14. We
know this is welcome news to our members in Mecklenburg
and its surrounding counties.
Todd Hall
Chief Operating Officer
I’m sure there are some
who will say: Why are you
opening branches? Aren’t brick and mortar locations dead?
Aren’t online and electronic offerings the key to the future?
Why Charlotte? You might not guess that about 20% of
our members live in this area and we’ve been a growing
presence in the city for the past three decades, starting
back when we were AT&T Family Federal Credit Union. From
those early days in the city, we added many of its bestknown employers such as Duke Energy, Coca-Cola Bottling
Co. Consolidated and National Gypsum as Truliant At Work
partners, providing steady growth to our membership.
Well, the future is hard to predict. Mobile and online
banking capabilities have jumped by leaps and bounds at
Truliant, and we continue to make sure we offer all the latest
technological conveniences. But, the personal element of
service can’t be automated. Staying ahead of the curve
digitally shouldn’t cost our members the trusted, personal
advice they expect from our representatives. Our members
still want and will always want guidance to help them make
sound financial decisions to improve their lives.
Population growth in Charlotte has exploded. There’s a great
and growing sense of possibility in the Queen City and
Truliant is fortunate to have been here early on. Charlotte
currently has a population of about one million and ranks
eighth among
U.S. cities adding
There is a better alternative residents.1 Further, it
lacks a major multito traditional profit-driven,
branch credit union
shareholder-owned banks
and is saturated with
in your city.
big banks that keep
getting bigger.
Truliant has taken an innovative approach to building our
new Member Financial Centers. The expansion locations
make our MFCs convenient throughout Charlotte. They’re
in places you’ve probably been before. Shopping centers.
Near the grocery stores. We want to be where you live, work
and shop. The new MFC locations are more compact, open
and efficient, with less overhead costs than freestanding
locations built from the ground up.
We believe the credit union message is worth spreading:
there is a better alternative to traditional profit-driven,
shareholder-owned banks in your city. That alternative is
Truliant. We look forward to seeing you soon at one of our
new Charlotte locations.
We don’t want financial institutions to mimic what’s
happened with airlines: consolidation that leads to only a few
major carriers. With the big getting bigger, we don’t want
you to wake up one day with only a handful of choices to
get a mortgage, or test “too big to fail” again. We want the
residents of Charlotte to have a choice.
(1) U.S. Census Bureau
Try the New and Improved Truliant.org
Our new website is now live! With an eye-catching design that prioritizes
the features that are most important to you, we hope Truliant’s new site will
help you better access the life-improving financial materials you need more
quickly and easily.
Track your finances better with interactive online calculators and decision
tools that help manage monthly budgets, debt consolidation, credit card
payoff, loan amortization and more. Regardless of the device you’re using,
our new website displays fully and comfortably no matter what screen
size it’s viewed on. Access member reviews and robust content on our
convenient products and services. Test drive Truliant’s new website today!
3
Share Your “Why” for a Chance to
Win $25,000
Truliant’s MyWhy contest springs right out of our mission: it celebrates all of
the reasons that make us want to improve our lives. If you need more space
for your growing family, or an SUV to haul kids and their sports equipment
around, that’s your “why.” You could win $25,000 to achieve it.
To enter, simply upload a photo or short 15-second video with an explanation
of your “why,” and how Truliant can help you get there. Entries will be
accepted through midnight on May 23, 2015. Upload your contest entries by:
• Downloading the free Truliant #MyWhy app from your app store
• #MyWhy @Truliant on a Twitter or Instagram video or photo
• By visiting a Truliant #MyWhy video booth during one of eight community events around Charlotte and the Piedmont
Triad. Visit Truliant.org/Events for a complete listing of these events.
You can earn votes to win by sharing entries on social networks and encouraging friends and family to vote. Anyone can vote
by: sharing or liking a video through Facebook; voting at TruliantMyWhy.com; making a #MyWhy Tweet a Favorite or Retweeting
a video or photo on Twitter; giving a #MyWhy a Heart on Instagram.
Winners will be chosen in early June from the 25 entries with the highest vote totals in each of our member regions. For full
details, visit Truliant.org.
Buy the Home of Your Dreams with a
Mortgage from Truliant
You have dreams and goals. You’ve worked hard to make your vision of
home ownership a reality. Now make sure you have a trusted partner for this
life-changing event. Our mortgage options simplify home buying and come
with significant savings over comparable products. We offer:
•
•
•
•
Low down payment options
Fixed- and adjustable-rate mortgages
3% down mortgage loans (97% Financing)
Purchase and refinancing options
Whether you’re looking for your first home, need room to grow, or are setting down roots in a new community, Truliant’s many
convenient mortgage options can help make it happen!1
(1) Rates and terms are subject to change. Loans are subject to credit approval. Mortgage loans available in NC, SC, VA, FL, TN, OH and GA only.
Home Equity Loans to Refresh and
Renew Your Home
At Truliant, we put your best interest before profit. If making memories at
home is your family’s “why,” we can help you create them with an affordable
home equity loan or line of credit specific to your needs. We offer:
• Loan amounts from $10,000 to $350,000
• Variable rate options as low as 3.25% APR1
• Easy application process
Let Truliant help make your dreams a reality. Whether it’s a new kitchen,
debt consolidation, paying off bills, taking a vacation or helping with college
costs, a home equity loan or line of credit can bring real value into your life.
(1) Rates and promotional terms are subject to change. Loans are subject to credit approval. Maximum APR for home equity lines of credit is 18%. Available in FL,
GA, NC, OH, SC, TN and VA only.
4
Clear Skies and Open Roads With a
Better Auto Loan
You have more important things to worry about than your auto loan, like
taking your family to the beach and getting back safely. Let us help you
secure an auto loan that fits your budget, so you can save for other family
priorities. With Truliant, you get:
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Rates as low as 1.74% APR1
Flexible terms
100% financing for qualified borrowers
Easy application process
We also offer a variety of loan types to get you in your new or used vehicle
for less:
Fuel Efficient Auto Loan | First-Time Car Buyer program | Parent Assist program
Plus, if you have a vehicle financed elsewhere, Truliant may be able to help you save by lowering your monthly
payment and interest rate.2 We can help find an auto loan to fit your needs. Applying is fast and easy. Visit your local
Member Financial Center or apply online to get started today.
(1) 1.74% minimum APR for new autos. Offer not good on existing Truliant loans. (2) Additional terms apply for refinancing existing Truliant auto loans.
CUABS and AutoSmart Simplify
Car Buying
Truliant wants to make sure you get the best deal on your next
car. Our Credit Union Auto Buying Service ® (CUABS) auto
advisors can help you find the new or used auto of your choice,
value your trade, get you approved for a loan and even deliver
the vehicle to your home or office.
Our easy-to-use AutoSmart website lets you conveniently
search for and custom build your vehicle before purchasing
through Truliant’s network of auto dealer finance partners. Visit
us at CUABS.com or TruliantFCU.CUDLAutoSmart.com to get
started today!
Check “Saving” Off Your To-Do List With
Truliant’s Certificate Specials
For a refreshing change of pace, let your money do all the work with Truliant
certificates of deposit. Truliant certificates let you earn more and expand your
savings, all while doing less. Now through April 15, our certificate specials
earn 1.10% APY for a 24-month term and 1.25% APY for a 36-month term
with a $1,000 minimum deposit.1 Our certificates offer:
• Flexible terms and competitive rates
• No monthly service charges
• Systematic “add-on” feature available
We can help you set something aside for what’s down the road. Stop by your
local Member Financial Center, call us or visit us online to get started today!
(1) APY = Annual Percentage Yield. Requires a minimum deposit of $1,000 from another financial institution. Offer not valid on business certificates
and cannot be combined with any other offers. Penalty for early withdrawal. Rates/promotional terms are good through 4/15/15.
5
Welcome to Our New Truliant at Work Partners
Rolls Enterprises Inc. | Hubbard’s Impala Parts Inc. | The Guess Corporation
Company Inc. | Carolina Fuels Inc. | Johnson Management Services |
United Steel Workers | Local 8-495 | Nichols Dodge Inc.
Use TurboTax® to File in 2015
The deadline to file your taxes is April 15, 2015. Get the tax refund you deserve!
Prepare, print and e-File your simple federal return for FREE with Truliant and
TurboTax®. Save time, save money and simplify the process of completing your
tax return. Then, put your refund to work with Truliant service options that include
customized savings plans, club accounts, certificates and no-cost financial planning.
If you owe money this year, our personal convenience loans can help meet shortterm financial needs. Start your return today by logging into Online Banking and
choosing the TurboTax option. Log into Truliant Online Banking to learn more!
Annual Meeting Reminder
Our 2015 annual meeting will be held Monday, April 27, 2015, at 7 p.m., at our
headquarters at 3200 Truliant Way in Winston-Salem, N.C.
2015 Mini Grant Application Period Starts June 1, 2015
Last year nearly 4,000 online votes were cast in an online crowdsourcing contest to
select 20 nonprofit organizations that would receive a $1,000 Community Mini Grant
from Truliant. Our Mini Grant application process begins again on June 1, 2015. The
program is now in its sixth year and has awarded 170 different community-based
nonprofit organizations a total of $180,000 in funding.
To qualify for grant funding, nonprofit organizations must provide programming
focused on financial literacy, emergency services, building self-sufficiency or youth
services. Learn more at Truliant.org.
MAIL:
Truliant Federal Credit Union
P.O. Box 26000
Winston-Salem, NC 27114-6000
CONTACT US:
Charlotte, NC
704.522.1955
Greensboro/High Point, NC
336.664.1955
Winston-Salem/Kernersville, NC
336.659.1955
Richmond, VA
804.965.1966
Other Areas
800.822.0382
WEBSITE:
Truliant.org
SOCIAL MEDIA:
Certificates & IRA Certificates APY 1
3 to 36 months
$250 - $4,999 . . . . . . . . . . . . . . . . . . . . . . .
$5,000 - $24,999 . . . . . . . . . . . . . . . . . . . . .
$25,000 - $99,000 . . . . . . . . . . . . . . . . . . . .
$100,000 + . . . . . . . . . . . . . . . . . . . . . . . . . .
0.15% - 0.85%
0.15% - 0.90%
0.20% - 0.95%
0.25% - 1.05%
Consumer Loans APR2
Preferred Line of Credit . . . . . . . . . . . . . . as low as 6.50%
VISA® . . . . . . . . . . . . . . . . . . . . . . . . . . . . . as low as 8.15%
2014 - New Car/Truck . . . . . . . . . . . . . . . . as low as 1.74%
2008 - 2013 Used Car/Truck . . . . . . . . . . . as low as 2.14%
2005 - 2007 Used Car/Truck . . . . . . . . . . . as low as 3.64%
Home Equity Line of Credit (HELOC)3
Variable . . . . . . . . . . . . . . . . as low as prime minus 0.25%
Fixed Rate Mortgage2
15-Year Fixed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.250%
20-Year Fixed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.875%
30-Year Fixed . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.000%
Adjustable Rate Mortgage (ARM)2
3/1 ARM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.625%
5/1 ARM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.125%
7/1 ARM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.375%
Rates are
accurate as
of 3/15/15
and subject
to change.
(1) Annual Percentage
Yield (APY). Penalties
may be imposed for
early withdrawal. Fees
or other conditions
could reduce
earnings.
(2) Annual Percentage
Rate (APR) may vary.
Loans subject to credit
approval. Mortgages
are only vailable in FL,
GA, NC, OH, SC, TN
and VA.
(3) HELOC periodic
rate not to fall below
3.25% or exceed
18% for a plan with a
loan-to-value of 85%
or less. Available in FL,
GA, NC, OH, SC, TN
and VA.
UPCOMING HOLIDAYS
Truliant Federal Credit Union will
be closed on the following days:
Memorial Day
Monday, May 25
Independence Day
Saturday, July 4
Truliant is federally insured
by the National Credit Union
Administration and is an Equal
Housing Lender.