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CTECU–Serving Employees of Chevron Corporation
People
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
Vice-Chairman
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
Treasurer
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
Tellers
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
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.
CTECU
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
Centers
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!
Information
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.
CTECU
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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