CSCU 058 Cornerstone NL July 07.qxd

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					 CONNECTOR
 Cornerstone Credit Union                    |   w w w. c o r n e r s t o n e c u . o r g     |    Third Quarter 2007

 Inside:   2 Mortgage Insurance and Home Ownership       3 Protecting Your Privacy          4 Founder’s Scholarship Winners



New at Cornerstone Credit Union:
A Way To Simplify Your Life
At Cornerstone Credit Union, we’ve been dedicated to           you’ll have access to a broad selection of insurance products
helping members manage their money since 1939. Now             and services, made available through the MEMBERS Auto
we’re pleased to be able to expand the types of financial      & Home Program, including insurance for:
services we’re able to offer. After many months of planning
                                                               ■    Auto                          ■   Tenants (renters)
by a volunteer-led committee and our Board of Directors,
                                                               ■    Homeowner                     ■   Commercial auto
the Hearthstone Group has been formed.
                                                               ■    Motorcycle                    ■   Mobile homes
                                                               ■    Boats & motors                ■   Seasonal/vacation homes
                                                               ■    Motor homes                   ■   Personal umbrella liability
                                                               ■    Recreational vehicles         ■   Scheduled property,
                                                               ■    Single family homes               including jewelry and art
                                                               ■    Condominiums
                                                               Hearthstone Group is located in the Cornerstone Credit
                                                               Union building at 550 W Meadows Drive, Suite 100, in
                                                               Freeport. Stop in either the Freeport or Sterling office any-
     Call for free rate quote by September 1, 2007
                                                               time on Friday from 9 a.m. to 6 p.m. or Saturday between
                and receive a $10 gas card!
                                                               9 a.m. and Noon to meet with an Insurance Representative
                                                               for your free, no risk quote.
The Hearthstone Group is a Credit Union Service
Organization (CUSO) and its purpose is to provide you,         Or our quick quote service is just a phone call away. Call
our valued member-owner, with solutions for virtually all of   toll free 1-800-865-1869 for a free rate quote. There is no
life’s financial challenges. Its member-driven mission is to   obligation and no sales pressure. And no need to make a
simplify your life. Its name, “Hearthstone Group,” was         trip if you decide to sign up – you can do so right over the
chosen to highlight tradition, strength and safety.            phone. Call Monday – Friday, 6 a.m. to 10 p.m. or
                                                               Saturday, 6 a.m. to 8:30 p.m. (central time).
Through Hearthstone Group, a limited liability company,



Feeling Pinched at the Pump?
Drive Happier with a Vehicle Loan from Cornerstone
Gas prices appear to be defying the laws of gravity. “What     We can’t control the price at the pump, but we can help
goes up, must come down” does not seem to be the case at       you improve your finances and fuel economy. With a low-
the pump. With per-gallon prices reaching new heights,         cost auto loan from Cornerstone Credit Union, you can be
many families are feeling the pinch, exceeding the 12 to 15    behind the wheel of a more fuel efficient vehicle, such as a
percent of the household budget consumer experts recom-        hybrid, before you know it. Our great rates on both new and
mend should go towards transportation.

                                                                                      SEE VEHICLE LOANS ON PAGE 3
2

Summer on Sale                        Mortgage Insurance Can Make Dream
On the road to summer fun, don’t
forget a stop at Cornerstone Credit
                                      of Home Ownership Come True
Union to purchase your discount
tickets to Noah’s Ark Waterpark,
                                      Plus Now It’s Tax Deducible
$25 for an all                        For many prospective first-time home buyers,     mortgage insurance, it’s estimated that you
day pass and                          saving for the down payment is a high hur-       may save $200 to $400 annually because
to Six Flags                          dle. While real estate prices are stabilizing,   of the new law. Consult your tax advisor for
Great America,                        coming up with 20 percent of the purchase        details. Families earning up to $109,000
$34.50 for a one-day
                                      price can be a challenge. But don’t give up.     can take advantage of a partial deduction.
                                      With private mortgage insurance, even
pass or $52.50 for a                                                                   If you’re in the market to buy a home, pri-
                                      with a down payment of 3 percent or less,
two-day pass (need not                                                                 vate mortgage insurance can mean you can
                                      you can still make the dream of owning
be consecutive days).                                                                  purchase “more house” for less of a down
                                      your own home come true. That’s because
                                                                                       payment, too. With mortgage insurance,
                                      the insurance protects against a default,
                                                                                       home buyers with limited financial
                                      allowing your credit union to safely grant
                                                                                       resources need not unnecessarily limit their
                                      the mortgage loan.
                                                                                       house hunt. Mortgage insurance allows you
                                      And now a new law makes mortgage insur-          to consider a wider range of homes, helping
                                      ance premiums tax deductible. Home buyers        ensure you buy the one that fits your needs.
                                      who finance their home loans with mort-          Once the equity reaches 20 percent, you
                                      gage insurance may save hundreds of dol-         may cancel the insurance. For more infor-
                                      lars through this tax deduction. If you or       mation on how mortgage insurance can
                                      your family earn $100,000 or less, and           help you cross the threshold of your new
                                      purchase a home during 2007 with private         home, contact the credit union.



                                      Youth Stashed Their Cash
                                      Treasure chests and pirates were the order       value of nickels (without going over) in
                                      of the day during National Credit Union          an Estimation Jar at the Freeport office
                                           Week, April 22-28. To keep their            with an estimate of $40 (actual $43.60).
                                           booty safe from landlubbers, 215            At the Sterling office, Bobby Abbott
                                            young savers brought their treasures       guessed $40.15, which was closest to the
                                            to Cornerstone Credit Union,               actual $44.40. The winners were two of
                                             depositing a total of $14,268.50 in       the 29 new members who joined during
                                             their accounts during the fourth          Youth Week.
                                              annual National Youth Saving
                                                                                       Age-based coloring contests also yielded
                                               Challenge, held during Youth
                                                                                       prizes. Phoenix Mordick won a $25 gift
                                               Week. They joined 71,844 young
                                                                                       certificate to Wal-Mart in the 0 to 5 age
                                                       members who deposited a
                                                                                       group. Chase Hubbard and Brent Barklow
                                                                 record-breaking
                                                                                       captured inflatable pirates, in the 6 to 8
                                                                 $10.1 million at
                                                                                       age group and the 9 to 12 age group,
                                                                393 participating
                                                                                       respectively. The winner of the Puzzle
                                                                credit unions.
                                                                                       Challenge for those aged 13 to 17 was Jody
                                                                At Cornerstone,        Johnson, who garnered a $50 savings bond.
                                                                youngsters could
                                                                                       Congratulations to all of our winners and
                                                               enter several con-
                                                                                       to all who participated in the Savings
                                                               tests. Wyatt
                                                                                       Challenge.
                                                              Janecke came clos-
                                                              est to guessing the
                                                                                                                               3

Confidentially Speaking: Cornerstone Credit Union
Protects Your Privacy
Privacy is fundamental to the American way of life. When you provide personal information in order to
process your transaction, you fully expect your data to be used only for its intended purpose and to be kept
confidential.
We respect your right to confidentiality and take every possible measure to ensure your personal informa-
tion remains personal. In short, we work hard to earn your confidence and preserve your trust.
We value your membership and hope you will remain with us for many years to come. If you ever
have questions or concerns about the integrity of your account information, or any other aspect of
our Membership operations, please don’t hesitate to telephone or come in to talk to our staff. This
privacy disclosure is being issued to comply with the provisions of the Gramm-Leach-Bliley Act
governing the privacy of consumer financial information.

Our Privacy Procedure Notice
We have never shared nonpublic information except as            Categories Of Information That We Disclose
required by law and we will continue to protect your            We do not disclose any nonpublic personal information
privacy.                                                        about our members or former members to anyone,
                                                                except as required by law.
Categories of Information That We May Collect
We collect nonpublic personal information about you             Disclosure As Permitted By Law
from the following sources:                                     We may disclose all of the information we collect, as
                                                                described above to services providers and companies
1. Information we receive from you on applications
                                                                that perform marketing services on our behalf, for
   or other forms, such as: your name, address, social
                                                                example, check printing companies.
   security number, assets, and income.
                                                                Confidentiality and Security
2. Information about your transactions with our affili-
                                                                We restrict access to nonpublic personal information
   ates, others, or us such as: your account balance,
                                                                about you to those employees who need to know that
   payments history.
                                                                information to provide products or services to you. We
3. Information we receive from a consumer-reporting             maintain physical, electronic and procedural safeguards
   agency, such as: your creditworthiness and credit history.   that comply with federal standards to guard your non-
                                                                public personal information.

VEHICLE LOANS
CONTINUED FROM PAGE 1


used vehicles make your payments easy on the budget, too.       ■   For two-or-more car families, be sure the driver with
Have an auto loan elsewhere? Just bring in your paperwork           the longer commute is using the most fuel efficient car.
and we’ll help you refinance if it will lower your payments.    ■   Travel light. Lugging around golf clubs or other excess
                                                                    baggage in your trunk takes a toll on fuel efficiency.
Enjoy peace of mind when you protect your vehicle pur-
                                                                ■   Avoid aggressive driving, which can lower your gas
chase with GAP insurance from Cornerstone. If your
                                                                    mileage by 33 percent at highway speeds and by 5
vehicle is totaled or stolen, your auto insurance settle-
                                                                    percent around town, according to the Web site,
ment may be less than what you owe on the vehicle.
                                                                    www.fueleconomy.gov.
GAP – Guaranteed Asset Protection – eliminates your
                                                                ■   Car pool when you can. Sharing a ride is good for
out-of-pocket expenses. It’s an affordable way to bridge
                                                                    your wallet and the environment.
the gap on your vehicle loan. Auto warranty coverage is
                                                                ■   Save a trip to Cornerstone Credit Union when you
also available. Contact the credit union for details.
                                                                    sign up for CCU Online or access your account
Here are additional tips for getting more miles to                  through EARS (Easy Audio Response System).
the gallon:
4

          2007 Founders’ Scholarship Winners Named
          Congratulations to Luke Jungles and Brandon Wolfe, the                         group. He plans to attend the University of Illinois at
          2007 winners of Cornerstone Credit Union’s Founders’                           Champaign-Urbana, majoring in materials science and
          Scholarships. Each will be awarded $5,000 in graduated                         engineering.
          payments over four academic years, pending achievement of
                                                                                                                   Brandon, a graduate of Orangeville
          a pre-determined GPA. The Founders’ Scholarship program
                                                                                                                   High School, is the son of Stuart and
          is designed to encourage and promote degree completion as
                                                                                                                   Jill Wolfe. An Illinois State
          well as reinforce the relationship between higher rewards and
          increased responsibility.                                                                              Scholar, Brandon was also a member
                                                                                                                 of the National Honor Society,
                                      Luke, the son of Dennis and Tammy
                                                                                                                 Servant Leadership, TATU/SADD,
                                      Jungles, is a graduate of Freeport
                                                                                                                 and participated in basketball and
                                      High School. His interests include a
                                                                                                                 football. He was selected First Team
                                      wide range of sports, including cross
                                                                                                                 All-Conference for Academic Bowl.
                                      country, track, basketball, swimming,
                                                                                         He played alto-saxophone for marching, pit, pep and jazz
                                      disc golf and ultimate. Luke also
                                                                                         band, and received the Louis Armstrong Jazz award.
                                      enjoys playing piano and synthesizer
                                                                                         Brandon will attend Illinois State University in the fall,
                                      at First Baptist Church and youth
                                                                                         majoring in actuarial sciences.




    Holiday Closings                                      Cornerstone By The Numbers                              Savings Rates
                                                          As of March 31, 2007                                    All rates are effective as of March 31, 2007 and the rate may
    July 4 — Independence Day                                                                                     change after the account is opened.
    September 3 — Labor Day                               Total Members                              11,980
    October 8 — Columbus Day                              Total Assets                          $70,007,431       Share Savings, Life Savings                      0.35% APY*
                                                          Total Loans Outstanding               $45,350,800       Holiday Club                                     0.40% APY*
                                                                                                                  * APY = Annual Percentage Yield for balances $250 and over.

    Who Can Join                                          CCU Directors

    If you live or work in Bureau, Carroll, JoDaviess,    J. Steven Green, Chair             Galen Bertram
    Lee, Ogle, Stephenson or Whiteside counties, or       Joe Green, Vice-Chair              Steven Heckman
    are employed by one of the many companies we          Chris Beeler, Treasurer            Duke Herrling
    serve, there’s an excellent chance you can join       Kelly Geiseman, Secretary          Christine Klipping
    Cornerstone Credit Union.                                                                Connie Olson
                                                                                             Ann Young
                                                                                                                     Deposits are insured up to $350,000 — the first $100,000
                                                                                                                     is federally insured by NCUA and the next $250,000 is
    How to Reach Us
                                                                                                                     privately insured by ESI. This is the highest combination of
                                                                                                                     federal and private insurance available to consumers.
     24/7 Online Access                   President’s Hotline                    President’s E-mail
     www.cornerstonecu.org                815.235.6971                           gclore@cornerstonecu.org            Cornerstone Credit Union does business in accordance with
                                                                                                                     the Federal Fair Housing Law and the Equal Credit
     Main Switchboard                     Freeport Branch                        24-Hour Audio                       Opportunity Act.
     815.235.5855                         550 W. Meadows Drive                   Response (EARS)
     Toll-Free                            Freeport, IL 61032                     Local Area
     800.711.3277                                                                266.3277 (EARS)
                                          Sterling Branch
     Fax                                  615 W. 3rd Street                      Toll-Free
     815.235.5970                         Sterling, IL 61081                     800.711.3277
     ABA/Routing #                                                               24-Hour Loans
     2711 8442 5                                                                 800.711.3277




        CONNECTOR                                                       Published quarterly for members of Cornerstone Credit Union. Please send questions or
                                                                        comments to: Marketing Department, 550 W. Meadows Drive, Freeport, IL 61032.

				
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