CACU Newsletters

• April 2012
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News

Expecting a tax refund this year?

Invest in your future with a CD!

Are you expecting a tax refund this year? A smart way to invest your refund to benefit you and your family for the future is a Certificate of Deposit (CD). With the uncertainty of the Stock Market, you never know what kind of return you´ll get on your investment when you purchase stocks. With a CD from CACU, the rate is locked in so you´ll get top of the market returns. And, you´ll know that your investment is safe and sound from the day you open the CD until the day it matures.

When you open a regular or IRA CD, you lock in the rate for up to 5 years. With as little as $1,000, you can choose the term of your CD. And remember, even if the rates go down, your rate is locked in for the term of your CD.

Apply today to start investing in your future. You´ll meet your financial dreams quicker, and in a safe and sound investment. Call, stop in, or fill out the application on the inside of this newsletter and be on your way to financial peace of mind.

From The President, Hank Hubbard:

With your busy schedule, don´t you have better things to do than stand in line at the Credit Union? That’s why I want to remind you of all the convenient and time saving services we offer to free up your time!

Tel•A•Phone Teller: If you have a touch tone phone, you can access your CACU accounts 24-hours a day, 7 days a week. Check balances, transfer funds, obtain current savings and loan rates, and more. It’s easy to use and FREE!

ATMs: When you need quick cash, visit an ATM with the Credit Union Alliance logo for surcharge free transactions.

Virtual Branch: Access your account conveniently from your home or office computer to make transactions, get up-to-date account information, and much more.

Direct Deposit: Save a trip to the Credit Union when you sign up for direct deposit. It’s free and you can count on your money being in your account and available.

If you would like more information on ways to you can access your accounts and save time and money, call or send me an email.

Hank Hubbard
E-mail: hank@CACUonline.org
Phone: (313) 965-8640, Ext. 212

Banking Crisis? Not at CACU.

You've seen the headlines recently about the alarming state of some financial institutions. The entire banking and mortgage industry is under a dark cloud. In their desire to maximize profits, many mortgage lenders made questionable loans that have gotten them, and their customers, into trouble. Now, they are turning to the government to bail them out. That means that as a taxpayer, you will have to foot the bill.

CACU doesn’t get into this kind of trouble. Because we’re owned by members like you. Our lending poli­cies are determined by a board elected from among our members. We lend to each other for our needs in life. As a non-profit organization, we're not driven by the profits Wall Street demands. We are driven by serving you.

Consequently, deposits and loans with CACU are safe. And sound. As always, our doors are wide open and we have money to keep lending so you and your hardworking family can always get what you need. As a member of CACU, you can rest easy.

I thought you might like to be reassured that the trust you have in your credit union is well placed. And well deserved. CACU is rated by the National Credit Union Association as well-capitalized. This is the highest and safest rating given by the NCUA, the government agency that insures and regulates credit unions.

The NCUA also insures our deposits up to $100,000, just like the FDIC does for banks. The new bills being discussed are considering raising this level to $250,000 for both the NCUA and the FDIC. For more information on share (savings) insurance you can go to www.ncua.gov.

For more information on the safety and soundness of the credit union industry in general, please click on this link from the Michigan Credit Union League.

And just as a reminder, if you have family or friends who are looking for the security that a member-owned credit union affords, we always welcome new members.

Sincerely,

Hank Hubbard

President / CEO

Communicating Arts Credit Union