SNIPPETS Kohler Credit Union by jolinmilioncherie


                                                                     SNIPPETS                     NOVEMBER 2010

                                                                        Good People to Turn To
Tis’ the Season—Create Some Smiles with your Home Equity!
  Rather than stressing out this holiday season about gift-          set amount for a specific purpose such as paying your taxes,
giving, vacationing, paying taxes or next semester’s tuition         tuition or consolidating other high-interest loans.
bills...turn to the equity in your home for financial support and      Home Equity Loan benefits:
keep that holiday smile going well into 2011!                           •   Affordable fixed rates
  How can “home equity” make you smile? It’s so simple.                 •   Fixed monthly payments
You’ve worked hard to invest in your house, pay your monthly            •   No annual fee or prepayment penalties
mortgage and enjoy the warmth and comfort of your home.                 •   Tax deductibility (consult your tax advisor)
Now you can let your home work for you by using its built-up            •   Convenient online application process
equity to give you a helping hand through stressful financial          Kohler Credit Union wants to
times.                                                               help keep you and your family
  Kohler Credit Union has two types of home equity options           smiling by providing affordable,
for home owners to consider: a variable line of credit and a         convenient financial options when
fixed rate loan. What’s the difference?                              you need them. For more
  A home equity line of credit (HELOC) is a form of                  details or to apply for a
revolving credit accessible any time you need it. With a home        home equity product, visit
equity line, you’ll be approved for a specified amount of credit
based on a percentage of your home’s appraised value minus           or call 888.528.2595.
your existing mortgage balance. Once approved for a home
equity line of credit, you can borrow up to your credit limit
whenever you want, either by online account access, “Call
KCU”, or visiting any branch. Perfect for holiday shopping!
  Home Equity Line of Credit benefits:
    • Low, adjustable interest rates (rate varies monthly with the
      Prime Rate)
    • You’re in charge—use your funds however you want!
    • Convenient—access your money 24/7
    • No annual fee
    • Pay interest on only what you use
    • Tax deductibility (consult your tax advisor)
  A home equity loan provides a fixed amount of money
repayable over a fixed period. Traditionally termed a ”second
mortgage”, these loans are perfect for those who require a
specific amount of money and want loan balance stability.
You might consider this over a line of credit if you need a

                 New, Used or Refinance...
                 Same Great Rate!
Retirement Income Planning                                                                                               From the
                                                                                                                                                              Not Your Mom’s
                                                                                                                                                               Point of View...
There’s a Big Difference Between                                                                                                                              “it’s just mine!”
                                                                                                                         desk of Rachel
Not Working and Not Worrying                                                                                             —a 20-something’s point of view.
A Message from MEMBERS Financial Services                                                                                   Last month we celebrated International Credit Union
  Are you approaching retirement…or already retired? If so, you                                                          Day! Besides indulging in free cookies and cider,
should have a retirement income plan in place to meet your goals.                                                        you may have heard a lot of buzz about “the credit
  If you’re like most people, you concentrate on when you’ll retire.                                                     union difference” and why we exist to serve you, our
However, it’s much more important to think about how you’ll retire ...                                                   members.
and how you’ll be able to have a steady income. A “hit or miss” plan                                                        Millions of Americans today are facing the worst
for generating retirement income may prevent you from enjoying the                                                       economic circumstances imaginable. However, these
stress-free retirement journey you’ve worked so hard for.                                                                same conditions are creating a flow of wealth for one
  Ask yourself the following questions:                                                                                  industry—the payday loan stores. The number of people
      •   “Am I financially prepared to retire?”                                                                         turning to these services has skyrocketed. Payday loan
      •   “How much income can I realistically expect from my savings?”                                                  stores have grown dramatically from just 500 locations
      •   “What sources of income should I draw upon and when?”                                                          in 1990 to an unbelievable 22,000+ today!*
      •   “How do I know if my income will last … or run out?”                                                              The most common transaction at these stores is the
      •   “How should I handle the rollover of my 401(k) plan?”                                                          payday loan, where a borrower writes a postdated check
      •   “What about taxes, inflation, rising healthcare costs, low interest rates,                                     for their next pay period, and, in turn, receives a check
          and a fluctuating stock market?”                                                                               from the store that has a good chunk of change taken out
  The MEMBERS Financial Services Program Representatives                                                                 of it. The loan store pockets the difference as fees and
serving Kohler Credit Union can work with you to answer these                                                            interest (lots of interest!!) on the loan. Without efforts to
questions and build a plan for your retirement income that allows you                                                    improve the financial literacy of those most at risk, this
to live without worrying about whether you’ll outlive your savings.                                                      predatory lending will remain a fast growing industry.
  For more information, or to arrange a personal one-on-one retirement                                                      So where do credit unions come in you ask? As a
income planning consultation, call 920.783.2312.                                                                         credit union, part of our mission is to assist our members
Representatives are registered, securities are sold, and investment advisory services offered through CUNA               to become better-educated financial consumers.
Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor, 2000
Heritage Way, Waverly, Iowa 50677, toll-free (866) 512-6109. Nondeposit investment and insurance products                Financial illiteracy results in poor spending, saving, and
are not federally insured, involve investment risk, may lose value and are not obligations of or guaranteed by the
financial institution. CBSI is under contract with the financial institution, through the financial services program,    investment decisions. These poor decisions can lead to
to make securities available to members. FR061021-91F1                                                                   consumers using excessive credit, and turning to the
                                                                                                                         wrong avenues, just to make ends meet.
                                                                                                                            Contrary to what you might think, the effects of
                                                                                                                         financial illiteracy reach well beyond our low-income
                                                                                                                         families...Sorry to leave you hanging, but we ran out
                                                                                                                         of room! You’ll have to visit or
                                                                                                                to read the rest!
                                                                                                                           * Source:, Pallavi Gogoi

                                                                                                                         Golden Shares Holiday Party!
                                                                                                                         If you are at least 62 years young, we
The Return of Conservative Investing—                                                                                    would love to see you!
A seminar you won’t want to miss!                                                                                        •	Wednesday, December 8, 2010
From this session you will learn:
  • How conservative investments
                                                                   JOIN US!                                              •	11:30am – 1:00pm
    can help you face today’s                                      November 10, 6:15pm - 7:00pm
    economic risks                                                 Saukville Branch                                      •	Rangeline Inn (170 Rangeline Road, Kohler, WI)
                                                                   840 East Green Bay Avenue
  • The differences between CDs and                                Saukville, WI 53080                                   •	Cost is $5 for members, $10 for guests
    annuities, and the advantages of
                                                                   November 11, 7:30am - 8:15am                          Please RSVP before Friday, December 3
  • How to decide whether a return                                 Taylor Drive Branch                                   by calling 920.459.2595 or 888.528.2595.
    to conservative investing can help                             831 South Taylor Drive
    set your financial direction                                   Sheboygan, WI 53081                                   Proceeds from this event will be donated
                                                                                                                         to a local non-profit organization.
RSVP by November 2! Email Paula Hirschmann at or call 920.783.2312.
Insurance products are issued by CUNA Mutual Insurance Society. Representatives are registered, securities are
sold and investment advisory services offered through CUNA Brokerage Services, Inc. (CBSI), Member FINRA/
SIPC, a registered broker/dealer and investment advisor, 2000 Heritage Way, Waverly, Iowa 50677, toll-free (866)
512-6109. Nondeposit investment and insurance products are not federally insured, involve investment risk, may lose
value and are not obligations of or guaranteed by the financial institution. CBSI is under contract with the financial   ATTENTION: Kohler Credit Union branches will be
institution, through the financial services program, to make securities available to members. FR101005-4335
                                                                                                                         closed Thursday, November 25 for Thanksgiving Day.

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