CTECU–Serving Employees of Chevron Corporation
—Board of Directors— Chairman James E. Ryan Vice-Chairman Mike Jung Secretary Gloria Robinson Treasurer Michael Beard Bill Alvarez • Mark Burnside Tom Janda • Jim Thacker Pat Whitnel –Audit Committee– Chairman Gary Cohen Glenn Ewan • Rod Loper Kane Prestwood • Sharon Savage Johnny Van Etta –Office Staff– President/Manager Jackie Kapalski Assistant Manager Anita Woolley Wilcrest Branch Manager Doris Buzek Downtown Branch Manager Orelia Peterson Loan Officer Betty Clowers Senior Tellers Bianca Blak Rachna Malhotra Tellers Eliria Anastasiou Jeremiah Honey Dianne Teasdale
From your chairman
During the first quarter of 2008, financial worries continue to exist in the financial
capitals of this nation. The latest has been the demise of Bear Stearns, one of the largest global investment banks, securities trading, and brokerage firms in the world, which has existed for more than eighty years. This company, with a book value of more than 7 billion dollars, was purchased for 240 million dollars. While CTECU used some of its capital to cover a small portion of its expenses during 2007, we also increased our Net Worth to Asset Ratio throughout 2007. Additionally, we are pleased to announce that our income exceeded our expenses for the first quarter of 2008. CTECU continues to serve 15216 each of you, our member/owners, to the best of our ability. We will not compromise that trust. With the current dividend rates, CTECU recommends that you invest in the higher paying CDs that are currently available. Please note the following Regular CDs starting at $2,000.00 minimum balance and the rates that are currently available thru 4-30-08: 3 months: 6 months: 12 months: 30 months: 60 months: 2.96% rate and 3.00% APY* 3.11% rate and 3.15% APY* 3.26% rate and 3.30% APY* 3.45% rate and 3.50% APY* 3.60% rate and 3.65% APY*
Near the end of the last Board of Director’s meeting, the directors declared the dividend rates for the month ending March 31, 2008, as follows: Regular Share dividends at 1.00% rate yielding 1.00% APY*; IRA Share dividends at 1.50% rate yielding 1.51% APY* and Share Draft dividends at 0.25% rate yielding 0.25% APY*. *APY denotes Annual Percentage Yield. James E. Ryan, Chairman
CTECU—Main Office *RESTRICTED ACCESS OFFICE* 4800 Fournace Place BTF-Bldg. B, Room 116 Bellaire, Texas 77401 P.O. Box 430 Bellaire, Texas 77402-0430 Phone: (713)432-6572 Fax: (713)432-6561 CTECU—Branch Location 3100 Wilcrest, Suite 141 Houston, Texas 77042 Phone: (713)532-7570 Fax: (713)532-7578 CTECU—Downtown Location 1415 Louisiana, Suite 100 Houston, Texas 77002 Phone: (713)650-3400 Fax: (713)650-3401 –Office Hours– M-F 8:00 a.m. until 4:00 p.m. www.ctecu.org E-mail: email@example.com Member Service Centers, a new service from CTECU. Visit www.cuservicecenter.com for a shared branching facility near where you live, work, or play!
CALL US TOLL FREE! 1-888-658-2328
The Grass Is Always Greener On Our Side
See your loan officer before you shop for your next new or late model vehicle and find out why the Grass is Always Greener on Our side. With new and late model vehicle rates as low as 4.59% A.P.R.** and our “certified” network of dealer reps we can save you a lot of Green! Our Dealer Select 123Car program eliminates the dealer headaches and hassles by giving our members the best possible treatment and we have the data to prove it! Their upfront approach will leave you wondering why you ever bought a vehicle any other way! Request your free vehicle quote at www.123Car.com. For your 2008 Summer vacation plans, call any of our convenient locations and find out how easy it is for you to apply for your “pre-approval” today!* Pre-approved loan applications are good for 90 days! So hurry! New and Late Model Vehicle Rates Offer good only from April 1 thru April 30, 2008!!! 4.59% A.P.R.** for up to 36 months 4.59% A.P.R.** for up to 48 months 4.59% A.P.R.** for up to 60 months 5.59% A.P.R.** for up to 72 months*** Certain restrictions apply: *For qualified applicants only. **APR denotes annual percentage rate. Based on 90% financing. New & Late model cars, trucks, & SUV vehicles only. Not to be used for refinancing loans currently existing at CTECU. ***$15,000 minimum loan on CTECU 72 month term.
Other Services Available Please check with us first!
Notary (free of charge) Postage Stamps Money Orders Traveler’s Cheques American Express Gift Cheques and Gift Cards Cashier’s Checks CTECU MasterCard payments accepted Share Draft (checking) QwikCash ATM cards VISA check cards American Express Gift Cheques and Gift Cards Pulse Select ATM Network CO-OP ATM Network Credit Union Service Centers
2008 CTECU Annual Meeting Winners
$25 Cash Giveaway and a Black Leather Tote Bag Black Leather Meeting Mate and a Bottle of 2002 Vincent Arroyo Petite Sirah $25 Cash Giveaway and a Bottle of 2001 Rosemount GSM Hanging Bird Feeder $25 Gift Card to Olive Garden Gift Certificate for a Spa Pedicure $25 Gift Card to Target Emergency Car Kit $35 Gift Card to Chili’s Restaurant Hai-Li Wang Gloria Robinson Michael Beard Glenn Teasdale Wanda Reves Harry Buzek Linnie Edwards Gary Cohen Madeline Sabanos
Variety Gift Basket
Tool Kit Emergency Radio/Flashlight DVD Player $50 American Express Gift Card $50 Gift Card to Pappas Restaurant $50 Gift Certificate to the 43rd Restaurant $50 Gift Card to Cheese Cake Factory
Tom Kiesler Reid Carter Laura Whitnel Joyce Dallen Dianne Teasdale MaryAnn Prestwood Jeff Henneke
Memorial Day May 26, 2008 Independence Day July 4, 2008
Win $25 Instantly!
You could win $25 if you find your account # in this newsletter! National Youth Week April 21-25, 2008
$50 Gift Card to Pappadeaux Restaurant
Free Automobile Inspection Valued at $149 and a Bottle of 2003 Blackstone Reserve Meritage Free Automobile Inspection Valued at $149 and a Bottle of 2001 Pepper Bridge Merlot 2 Rockets Tickets to 3/02/08 game 2 Rockets Tickets to 3/02/08 game
Chuck Edwards Rachele Adler Pat Whitnel Monroe Clowers Larry Bertrand Robert E. Nelson
CTECU parents and children should visit CTECU’s website and download the coloring page and check out the details regarding this years’ youth week celebrations! Contest rules and door prizes are detailed along with information on student loans for those headed to college. REMINDER Deposits to 2007 IRA’s must be received no later than April 15, 2008. Please Note
Your utilization of any outside program or product is neither sponsored by nor endorsed by your Credit Union, and your participation in or purchase of any program/product is voluntary.
2 Rockets Tickets to 02/26/08 game w/ Parking Pass $100 Gift Certificate to Ruth’s Chris Steak House
And a special CONGRATULATIONS to our Grand Prize Winner, Lisa Bock, who won a weekend overnight stay for two at the Marriott Houston Westchase Hotel!
2008 Annual Meeting Prize Donors (Vendors)
CTECU would like to thank all of our vendors who donated prizes to our 56 th annual meeting. Those vendors were:
ABGS Texas Inc. Centurion Alarm Services, Inc. Dealer Select For Members Only Insurance Services Jim Ryan and The Grapevine Wine Club Jumbo CD Investments Nails Beautiful & Day Spa Total/1 Services Wedge Properties Management, Inc. Absolute ATM CUER DocuData HarlandClarke Auto Exam CU Members Mortgage Encore Bank Ideascope, Inc.
Larry Plaxe, VP with J.B. Hanauer & Company Marriott Houston Westchase Hotel OfficeMax Viking Express Freight Services World Wide Interactive Services CTECU