WINTER 2008 Board of directors
Peter F. DiCesare
New Look for Website
Coming soon! Our website, www.firstohiocu.org, is being
revamped! Our new and improved
website will be up and running
Credit Union, Inc. WINTER 2008
sometime in January. In the Dennis Mathern
meantime, the current website will still Director
Now Offering Mortgage Loans...
be accessible. Be sure to log on and Director First Ohio Credit Union is now offering mortgage loans up to 40
check out our new, fresh website! Stephen Helms years, with expanded capabilities allowing us to provide our
members with mortgages in the range of 15, 20, 30, or 40 years.
ManageMent We hope our new program will provide our members a broader
First Ohio Credit Union Stephen M. Favor
President & General Manager
range of products to better suit everyone’s needs. Our rates
are competitive, and all mortgages are serviced In-House! Our
2008 Holiday Schedule Patti Essman
Senior Vice President mortgages can be used for new purchases as well as refinances.
First Ohio Credit Union Lindy McDole Our newly expanded program has the variety to suit most needs.
will observe the following holidays: Vice President
Call or stop in today for more details!
New Year's Day.......................... Tuesday, January 1st, 2008 Collection, Accounting,
President’s Message up to 40 Years!
Martin Luther King, Jr. Day...... Monday, January 21st, 2008 Sharon Griffin
Presidents' Day........................... Monday, February 18 , 2008
Manager of Branch Operations
Tiffin & Upper Sandusky
D ear Valued Members:
Memorial Day............................. Monday, May 26 , 2008
I’m sure you have all heard about the conventional responsible underwriting standards. If you
Manager of Teller Operations
“sub-prime mortgage crisis”. It has been are approved for a loan through First Ohio Credit Union,
Independence Day...................... Friday, July 4 , 2008
Suprena Johnson in all the news media and the topic of you can be confident that there will be no surprises down
Tiffin Assistant Manager
much discussion in the halls of our state the road.
Independence Day...................... Saturday, July 5th, 2008
Robert Sacksteder and federal legislatures. A sub-prime mortgage
Marketing Coordinator, Editor is any mortgage that is non-traditional and has rates I encourage you to check your mortgage documents to
Labor Day................................... Monday, September 1st, 2008
or terms that fall outside the norm for most mortgage see if you have a sub-prime mortgage. If you’re not sure,
Columbus Day............................ Monday, October 13th, 2008 Main office borrowers. The reality is that almost no credit unions and bring them in and we will be happy to review them with
1650 North Countyline Street almost no community banks have gotten involved in the you. If you have a sub-prime mortgage, do not wait until
Veterans’ Day.............................. Tuesday, November 11th, 2008 Fostoria, OH 44830 sub-prime market. First Ohio Credit Union holds no you are facing foreclosure. Come in and see what we can
419-435-8513 sub-prime mortgages in our portfolio and we have do. I can’t guarantee we can re-write your mortgage, but
Thanksgiving Day...................... Thursday, November 27th, 2008 800-537-5993 not originated any sub-prime mortgages. Most of I can guarantee we will do everything possible to help
these types of mortgages have been originated by mortgage you out of your situation. The sooner you talk to us, the
Christmas Eve............................ Wednesday, December 24th, 2008 tiffin office brokers and are held by investors and a few large money better the chances are that we can help. You may not get
203 North Sandusky Street center banks. Unfortunately, I suspect that some of our the answer you want, but I also guarantee you will get
Christmas Day............................ Thursday, December 25 , 2008 th
Tiffin, OH 44883 an honest straightforward answer.
members may have gotten themselves involved in these
419-447-5929 types of mortgages, and some of these members may not
New Year's Eve........................... Wednesday, December 31st, 2008 Even if you are not involved in a sub-prime mortgage,
even know it.
Upper sandUsky offices but are looking at the possibility of purchasing a home
205 Commerce Way, Suite 1 If you have a mortgage that is variable and the rate is for the first time, or moving up, come and see us. Rates
Upper Sandusky, OH 43351 going to reset to a higher rate sometime in the next year, are actually at a very competitive level and we will be
In addition to the above Holidays, the following adjustments to our
scheduled hours of operation will occur: 419-209-7589 you have a sub-prime mortgage. The Federal Reserve has happy to talk to you about your opportunity to get a
111 Tarhe Trail lowered rates three times within the last six months. If new mortgage.
• We will close both the lobby and drive-thru at 12:00 Noon this year on Upper Sandusky, OH 43351 your mortgage rate is going up when all the rest of the
Wednesday, December 24th, 2008. 419-209-7589 rates in the market are falling, you have a sub-prime
mortgage. First Ohio Credit Union has recently been Thank You & Merry Christmas,
• We will close the lobby at noon and the drive-thru at 2:00 on Wednesday, (Call for hours) approved as a Fannie Mae Mortgage Originator. We only
December 31st, 2008. www.firstohiocu.org
offer conventional fixed and variable rate loans. There Stephen M. Favor
are no teaser rates. We will underwrite your loan using President & General Manager
WINTER 2008 WINTER 2008
Charitable Contributions Pete & Ann’s New Terms
Peter F. DiCesare is currently serving as Chairman of the Board and has been
on the Board for eighteen years. Mr. DiCesare lives in Fostoria with his wife,
First Ohio Credit Union will
Mona. He graduated from St. Wendelin High School and attended the University
offer three Scholarships in the
of Dayton for two years studying electrical engineering. He attended Owens
following amounts: $250, $750,
Technical College and studied Fire Science. Mr. DiCesare recently retired, after
and $1000. The scholarships
25 years of service, from his position on the Fostoria Fired Department, where he
are open to all students who are
finished serving as Assistant Fire Chief. Mr. DiCesare is active in the Lions Club
members or whose parents are and Knights of Columbus Council 1197. His interests include golf, traveling, and taking road trips on
members of First Ohio Credit his Harley Davidson.
Union by September 1, 2007.
The student must be enrolled Ann Stahl has been a Board Director for the past nine years. She has held
or plan to enroll this year in the position of Board Treasurer, and most recently Vice-Chairman. Ann resides
undergraduate study leading in Fostoria with her husband, a firefighter for the city of Fostoria, and five
to an Associate’s or Bachelor’s We wanted to take this time to inform our children. Ann is the owner of Graphic Ideas Decals by Design and has been
Degree. members about the Charitable Contributions busy making new signs, refurbishing old signs, decaling police cars, fire trucks,
that First Ohio Credit Union makes to better the vans, boats and making banners. Ann actively attends Board Meetings and
lives of members of our community and beyond.
Students who are interested annual Conferences. Conferences are designed to educate and keep Credit
As a not-for-profit company, it is our goal to
must apply between January Union Directors informed of the latest developments and solutions. Ann believes these conferences
enrich the lives of those around us in as many
15, 2008 and March 31, 2008. are very important for educational components for Board members. Ann enjoys her position as a
ways as possible. Please take a quick moment
Applicants must complete the Director on the Credit Union Board and cares about the members and employees. Ann looks at all
to read the following list, a sample of donations
the potential possibilities to keep the Credit Union strong, enhancing the performance of the credit
application form and submit their we have made in 2007 and some other notable
contributions from the past. union and moving it forward.
transcripts of grades along with
two letters of recommendation.
The application forms will be Vietnam Veterans Memorial Wall
available at the Fostoria, Tiffin, Sharing Kitchen
and Upper Sandusky offices as of Boy Scouts of America
January 15, 2008, or on the First
Ohio Credit Union website under
the “What’s New” section. Simply
Junior Achievement Upper Sandusky Branch
click on the link ‘Scholarship Vietnam Memorial Chapel
Our new branch in Upper Sandusky is nearing completion! Most of the exterior will be
Application.’ You can also call Children’s Make-A-Wish Foundation
completed by the time you read this, and work has moved inside as the weather turns
and request that one be mailed Habitat for Humanity colder. We are still eyeing a grand opening date of January 22nd, 2008, barring unexpected
to you. All applications must be Fostoria Community Foundation delays. Be sure to stop in and check out our beautiful new building!
post marked no later than March
Fostoria Early Childhood & Family Center
31, 2008. 111 Tarhe Trail – 419-209-7589