CTECU Newsletter October 2008 by AnthonySeuseu


									   CTECU–Serving Employees of Chevron Corporation

                   NEWSLINE             From your chairman
                                                                                                                            October 2008

    —Board of Directors—
              Chairman                  D  uring the third quarter of 2008, CTECU continued to safely invest and protect your financial
           James E. Ryan                wealth as everyone tries to cope with the financial havoc that is occurring on Wall Street. It is
                                        amazing what the banks and other financial organizations have wrought with their greed.
              Mike Jung
              Secretary                 On a more personal note, we hope that all of our member/owners and their families are well after
          Gloria Robinson               experiencing the wrath of Hurricane Ike. The power outages and the debris were truly spectacular in
                                        their scope.
           Michael Beard
   Bill Alvarez • Mark Burnside         I would like to congratulate the CTECU employees who worked diligently to quickly restore the
    Tom Janda • Jim Thacker             various branches to an operational status so that you, our member/owners, would have access to
             Pat Whitnel
                                        your funds, if needed, during this trying time. The Bellaire branch was without power the longest and
        –Audit Committee–
              Chairman                  gained power by Thursday, September 25, 2008 at the Rice Avenue end of the Bellaire Complex
             Gary Cohen                 where the BTF Buildings are located.
    Glenn Ewan • Rod Loper
Kane Prestwood • Sharon Savage          CTECU continues to serve each of you, our member/owners, to the best of our ability. We will not
          Johnny Van Etta
           –Office Staff–
                                        compromise that trust.
        President/Manager               With our current dividend rates, CTECU recommends that you invest in the higher paying CDs that
          Jackie Kapalski               are currently available. Please note the following Regular CDs starting at $2,000.00 minimum
        Assistant Manager
            Anita Woolley
                                        balance and the rates that are currently available thru October 31, 2008:
   Wilcrest Branch Manager
             Doris Buzek                                     3 months:           2.96% rate and 3.00% APY*
  Downtown Branch Manager                                    6 months:           3.45% rate and 3.50% APY*
          Orelia Peterson
                                                            12 months:           3.69% rate and 3.75% APY*
            Loan Officer
            Betty Clowers                                   30 months:           3.78% rate and 3.85% APY*
           Senior Tellers                                   60 months:           4.17% rate and 4.25% APY*
             Bianca Blak
         Rachna Malhotra                Near the end of the last Board of Director’s meeting, the directors declared the dividend rates for the
                                        month ending September 30, 2008, as follows: Regular Share dividends at 1.25% rate yielding
          Jeremiah Honey
            Trinh Nguyen                1.25% APY*; IRA Share dividends at 2.25% rate yielding 2.27% APY* and Share Draft dividends at
          Dianne Teasdale               0.75% rate yielding 0.75% APY*.
                                         *APY denotes Annual Percentage Yield.
        Information                                                                                   James E. Ryan, Chairman
     CTECU—Main Office
*RESTRICTED ACCESS OFFICE*                                  CALL US TOLL FREE! 1-888-658-2328
      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              Don’t miss out on the Fall Dealer Select Vehicle Promotion. Join CTECU for our Free Car Buying
   CTECU—Branch Location               Seminar at the Bellaire Office Building, October 15, 2008 in celebration of International Credit
    3100 Wilcrest, Suite 141           Union Week. Put the POWER of your Credit Union to work for you today and enjoy The Ultimate Car
     Houston, Texas 77042              Buying Experience.
    Phone: (713)532-7570
      Fax: (713)532-7578               CTECU is offering special vehicle loan rates good only from October 1 – 31, 2008!!!
 CTECU—Downtown Location                                                 4.29% APR* for up to 36 months
   1415 Louisiana, Suite 100
    Houston, Texas 77002                                                 4.29% APR* for up to 48 months
    Phone: (713)650-3400
     Fax: (713)650-3401                                                  4.29% APR* for up to 60 months
        –Office Hours–                                                    4.99% APR* for up to 72 months**
  M-F 8:00 a.m. until 4:00 p.m.
     Website: www.ctecu.org                                                   Based on 90% financing

E-mail: cuhou281@chevron.com                               ***New & Late Model Cars & Trucks & SUV Vehicles Only***

   Member Service Centers,             Ask about our 100% financing rates on New & Late Model Vehicle Loans!***
 Visit www.cuservicecenter.com         *APR denotes Annual Percentage Rate. **$15,000 minimum loan. ***For qualified applicants.
for a shared branching facility near   Not to be used for refinancing loans currently existing at CTECU.
   where you live, work, or play!      For more information contact our loan department at (713)432-6640.
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
Pulse Select ATM Network
  CO-OP ATM network
   Credit Union Service
    Holiday Closings
 Thanksgiving Closings
 November 27 & 28, 2008                                                   CTECU invites you to celebrate International
  Christmas Closings                                                      Credit Union Day on Thursday, October 16,
 December 25 & 26, 2008                                                   2008!
                                      Join CTECU as we celebrate International Credit Union Day along with 49,000 credit unions and
    Win $25 Instantly!                177 million members worldwide. At credit unions, every customer is both a member and an
                                      owner. This year’s International Credit Union Day theme “It Belongs to Me” celebrates the
You could win $25 if                  economic democracy and equal ownership rights of each credit union member, regardless of
you find your account                 how much money that member may have in savings. Members of CTECU can stop by any of our
# in this newsletter!                 three locations on Thursday, October 16th as we honor our most valuable asset: our members.
                                      You are the reason CTECU exists. While you are there, perform a transaction on your account
                                      to receive a free tool kit (while supplies last) and enjoy refreshments between 9:00 a.m.-3 p.m.
     Easy Home Loan
                                      Also, learn how to enter CTECU’s drawing for a chance to:
Getting a home
                                                                        Win a $ 50 Wal-Mart Gift Card
loan has never
been easier.                          From October 13-17, 2008 complete a transaction at any of our three locations or apply for any
                                      of the following products or services and you’ll be entered into a drawing for a $50 Wal-Mart Gift
Just call (800) 366-6041
                                      Card. Each location will have a drawing for a winner.
to pre-qualify or visit:
www.HomeLoanCU.com                      Sign up for a Share Draft/Checking account
CU Members Mortgage----                 Sign up for MIA-Member’s Internet Access
the credit union mortgage
company---offers over 150               Apply for an ATM/Visa Debit Card
products to customize your              Apply for a MasterCard
home loan.
                                        Refer a friend; get an entry for the drawing if that person joins during ICU week
         Daylight Savings
         Time Ends                      New/current members that are approved for or close on a vehicle loan during ICU week
         Sunday, November
         2, 2008 Turn clocks          Not a CTECU member, well now is the time to join! Join during October 13-17, 2008 and you’ll
         back one hour.               receive a double entry for the drawing.

         Please Note                  For additional information call (713) 432-6572, (713) 532-7570, or (713) 650-3400 and speak
  Your utilization of any outside     to a Member Service Representative.
  program or product is neither
 sponsored by nor endorsed by         CERTAIN RESTRICTIONS APPLY: Drawing for $50 Wal-Mart Gift Card will be at 3:30 p.m. on
   your Credit Union, and your        October 17, 2008 at each location. Each location will have one winner 12356.
participation in or purchase of any
  program/product is voluntary.       Multiple account transactions completed on the same day will be counted as one entry.

                                      NOTE: “On October 3, 2008, President George W. Bush signed the Emergency Economic
                                      Stabilization Act of 2008, which temporarily raises the basic limit on federal deposit insurance
                                      coverage from $100,000 to $250,000 per depositor. The temporary increase in deposit insurance
                                      coverage became effective immediately upon the President’s signature. The legislation provides
                                      that the basic deposit insurance limit will return to $100,000 on December 31, 2009.”       CTECU

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