DISPATCH - CAHP Credit Union

DISPATCH
Serving Those Who Serve Us
WINTER 2016
Owe No!
5 Steps to Start Eliminating
Credit Card Debt
If you’re facing credit card debt, you’re not alone. In fact, credit card debt is among the top
three sources of household debt, trailing only mortgages and student loans.
We at C.A.H.P. Credit Union want to help our members live debt-free. Here are five steps
to break the “plastic shackles” and get on the road to financial wellness.
Brad Houle, CCE
President
C.A.H.P. Credit Union
1. Stop Using Credit Cards
It sounds obvious, but it’s a critical first step. With credit cards, it’s easy to spend beyond
your means, which can be the top of a slippery slope.
2. Create a Realistic Budget
Evaluate your finances and create a detailed budget of projected income versus monthly
expenditures. Writing it out will help you realize how much you’re spending on things you
might not actually “need.”
3. Go Beyond the Minimum Payment
Simply paying the monthly minimum won’t substantially chip away at debt. Use your
budget to begin making larger payments over time.
4. Decide Which Cards to Pay Off First
Consult a financial advisor – CAHPCU or other – to decide which cards to pay off first.
Opinions may vary based on your specific debt situation.
5. Consider CAHPCU Debt Consolidation
Our debt-restructure counselors can help you turn your debt into savings. We make it easy,
and are here to support you every step of the way.
EVENTS
Baker to Vegas
March 19 – 20
Las Vegas, NV
Inside the Numbers
$7,529 – The average American household’s credit card debt
HOLIDAY OBSERVANCES
C.A.H.P. Credit Union
will be closed:
President’s Day
Monday, February 15
$918.5 billion – Credit card debt in the U.S.
$115 million – Amount of debt CAHPCU helped officers restructure in 2014 alone
Call us at 800.542.2247 or visit cahpcu.org to learn how to escape debt with a CAHPCU
Debt-Restructure Loan.
DISPATCH
Serving Those Who Serve Us
WINTER 2016
Giving Back to Those Who Give So Much
We were honored to donate $10,000
to the Peace Officers Relief and
Education Foundation (POREF), which
is part of the Peace Officers Research
Association of California (PORAC),
in November. POREF sponsors a
Scholarship Program that encourages
students to pursue a career in law
enforcement.
OFFICE HOURS
8:00 AM - 4:30 PM
Monday - Friday
HEADQUARTERS
2843 Manlove Road
Sacramento, CA 95826
BRANCH OFFICE
9471 Pittsburgh Avenue
Rancho Cucamonga,
CA 91730
800.542.2247
cahpcu.org
Pictured L to R - Mike Durant, President, PORAC;
Brad Houle, President, CAHPCU;
Jill Alves, Officer Relations Director, CAHPCU;
Brent Meyer, Vice President, PORAC.
ACCOUNT ACCESS
AND INFORMATION
24-Hour Visa Information
and Share/Loan Account
Access: 800.522.4724
LOST OR STOLEN
VISA CARDS
During Business Hours
Call or visit your local
C.A.H.P. Credit Union office
After Hours and Weekends
Visa Credit Cards
800.543.5073 (U.S.)
727.570.4881 (Int’l)
Visa Check Cards
888.241.2510 (U.S.)
909.941.1398 (Int’l)
CAHPCU was proud to sponsor California
Narcotic Officers’ Association’s (CNOA’s)
51st Annual Training Institute in San
Francisco in November.
Pictured L to R - Barbara Potter, Officer
Relations Director, CAHPCU; Brad Houle; and
Dave Lundgren, President, CNOA.
DEBT BITES
Restructure yours and keep more of your money.
FAST FACT
Did you know you can
request a free credit report
once every 12 months
from each of the three
major credit bureaus:
Equifax –
www.equifax.com
TransUnion –
www.transunion.com
Experian –
www.experian.com
Let us help you
conquer your debt, and
watch your score soar!
Managing your debt doesn’t have to be
difficult – or something you handle on your
own. With support from our knowledgeable,
expert loan officers, the C.A.H.P. Credit
Union debt-restructure loan makes it easy
for you to start turning debt into savings.
Contact us for more information on our
low-rate solutions, and we’ll help you take
the bite out of debt.
Apply online at cahpcu.org or
call 800.542.2247 today.
Serving Those Who Serve Us
Note: The contents of this newsletter are designed to furnish information to our members
with the understanding that it does not constitute accounting, legal, tax or other professional
guidance. Expert assistance should be sought from professionals within the specified field. Rates,
policies, procedures and services are subject to change and/or deletion without prior notice.