A Publication of The Cleveland/Bradley County Teachers Federal Credit Union
December 2006 - 4th Quarter
Advances in medicine,
healthier lifestyles, and a
safer work environment mean
most people can expect
to live at least 20 years
after they retire. However,
according to the Employee Beneﬁt
Research Institute, two out of three people have not even calculated how much
they will need to retire, and among those who have, many have discovered that
their nest eggs are not yet adequate. But take heart, its never too late (or too
early) to start saving for retirement.
We will be CLOSED Now is the time to sock away some extra cash, so you will have more later.
(Income and other guidelines apply – seek advice from your professional tax
Monday, January 15th preparer.) You will have until April 15, 2007 to open an IRA account and still
in honor of be able to deduct it on your 2006 tax return.
Martin Luther King, Jr. Day Here at the Teachers Credit Union, we offer several different IRA options. There
is the Traditional IRA, which makes
Teachers Federal Credit Union sense if you want a tax deduction now
P.O. Box 4168 or if you think you will be in a lower
Cleveland TN 37320-4168 tax bracket when you retire. There is
Phone: (423) 479-6392 also the Roth IRA for folks who don’t
Fax (423) 476-5262
need the tax break now and want
www.cbctfcu.com more ﬂexibility to withdraw regular
contributions at any time, tax-free
Employees: and with no penalty.
Brian Trotter, Manager/CEO
Mary Johnson, Loan & Ofﬁce Mgr. We also offer the Accumulative IRA and
Nancy Trotter, Bookkeeping Spc. IRA Certiﬁcates. The IRA CD’s are paying
Karen Gladson, Loan Ofﬁcer pretty good interest, so now’s the time to
Leslie Sims, Accountant
Susan Hartsell, Member Service Rep
consider your future.
Janice Hughes, Marketing Director For more information about opening a credit
Debbie Maxwell, Member Service Rep union IRA, or adding to an existing IRA, contact
Matt Carson, Member Service Rep
Abe Sarmiento, Member Service Rep Nancy or Susan at the credit union today.
9:00am - 5:00pm
Happy New Year!
Members Love What’s In Your Future?
Our Coin Counter
It’s been with us for over six months
and our members really love it! Yet,
we still have some members that don’t
know it’s here. What is it? It’s a huge
Tired of counting and rolling all those
coins? Well we have the solution!!
Our Coins to Cash machine counts all
that loose change for you. Simply
pour in your assortment of coins and
the machine will sort it and count it.
Don’t worry if you have thrown in
foreign coins, buttons, or tokens, the
machine will set aside those items and
return them to you. It will then total Retirement is the moment when The Teachers Credit Union advantage:
your coins and give you a receipt. Take your best life begins. Your dreams
We want to help you make the most
the receipt to any one of our tellers of retirement may include plenty
of every dollar, so we offer a variety
for deposit into your account or cash of golf, time spent with the family
of investment choices, complete
redemption. and friends, worldwide travel, or
security with federal insurance,
even a new career. No matter what
This is a FREE service to all our great rates, and friendly local
you’ve got in mind, an Individual
Retirement Account (IRA) at the
Cleveland/Bradley County Teachers You can open an IRA and build your
Federal Credit Union can help make account with automatic transfers
those dreams come true. or payroll deduction. If you are
retiring or changing jobs and you
The best way to save:
have an account you’d like to roll
An IRA provides tax beneﬁts you over, we can help with that too.
just won’t ﬁnd with a regular
From the initial planning stages to
savings or investment account. By
the day you ﬁnally retire, we are
combining these tax advantages
there for you. For more information
and our solid rates, you will really
about IRAs, come in or give us a
come out ahead.
call and speak with Nancy or Susan.
Accounts to ﬁt your needs:
We offer Traditional and Roth When one door closes another
accounts, so you can choose the door opens; but we so often look
program that best ﬁts your goals. so long
Traditional IRAs – If you qualify, and so
you can deduct your contributions regretfully
from your taxable income. Non-
deductible Traditional IRAs are
also allowed. In both cases, your closed
earnings will grow tax-deferred. door, that
Roth IRAs – These popular accounts we do not
provide tax-free earnings, with see the
tax-free withdrawals allowed ones which
under speciﬁc circumstances. open for
Contributions are made with after- us. --
tax dollars, and since a Roth IRA
has no required withdrawals, you Alexander
can continue to accumulate tax-free Graham
earnings as long as you like. Bell
Employee Spotlight ~ Happy 7th Anniversary Safe Deposit Boxes
Brian Trotter, was born at Bradley
Memorial Hospital to Jerry and
Nancy Trotter, grew up on a
farm right here in our wonderful
Cleveland, and graduated from
Bradley Central High School in 1984.
He came to the Teachers Credit
Union in December of 1999 as
the Marketing Manager, and later
assumed the CEO/General Manager
position in September 2001.
Brian has 18 years of ﬁnancial
experience, and a background in
advertising. You may have heard his We currently have a variety of safe
voice on local radio stations, and deposit boxes available. A safe deposit
seen him at various Chamber events, box is a secure place to store any
as well as Leadership Cleveland ventures. personal items, important documents,
Brian and his lovely wife, Michele, have four children, Titus, Chaela, Micah, and valuables that would be difﬁcult
and Cali. And we must mention the long-time family pet, Diamond, a toy or impossible to replace if lost or
Brian enjoys the Atlanta Braves and Tennessee football games. But you may Our safe deposit boxes come in a
see him regularly at Bradley High ball games where his youngest daughter Cali variety of sizes and are very affordable.
is a cheerleader. The 3x5 is $20 per year. The 3x10 is
$33, the 5x10 is $55, and the 10x10 is
Brian takes a lot of teasing about “not working” or “not being here”, but in
$90 per year.
reality, he is on duty 24/7. He has even been called at one o’clock in the
morning by a member who wanted to let him know that the website was For information on how you can have
down! It is not unusual to see Brian strolling across the parking lot, picking your very own safe deposit box, call
up trash that has blown in or been dropped. Brian cares about the credit Susan Hartsell at the credit union at
union and he cares about people. 479-6392.
The employees have a lot of fun working for Brian, and value him as an
employer. He is a very caring and considerate person.
Please take the opportunity to let Brian know that he is appreciated.
Starting in January 2007, the Teachers
Credit Union will begin offering Financial
Counseling as part of the members’
services. Mary Johnson, who recently
became a Certiﬁed Financial Counselor,
will be scheduling appointments for those
who would like to take advantage of this
Mary will help you set a customized budget
to live by. She will show you various
methods of paying down your debt, how
to get out of debt, and how to avoid
Not only will she share how to get out of
debt, she will teach you how to save, build
a retirement fund, and plan for your future
ﬁnancial needs to be met. “Opportunity is missed by most people
If all this sounds like something that you because it is dressed in overalls and
could beneﬁt from, call Mary and schedule looks like work.”
your appointment today. Thomas A. Edison (1847 - 1931)
$ Loan Rates
All Rates subject to change
Call for current rate information
POP LOAN Line of Credit 48 mos. 13.00 %
CBCTFCU Annual Meeting - See You There
NEW CARS, TRUCKS, VANS
100% of actual purchase price. Never been
titled and has less than 15,000 miles
Base Rate 8.00% Up to 72 Months
Base Rate 7.75% Up to 60 Months
Base Rate 7.25% Up to 48 Months The Annual Meeting of the Board of Directors and the Membership is scheduled for
Tuesday, February 20, 2007. Please note that the Credit Union will close at 2:30 pm
NEW CAMPERS, TRAILERS, MOTOR HOMES that day. The meeting will start at 4 pm in the cafeteria of Cleveland High School. We
90% of NADA Average Retail or Purchase encourage all members to attend. Without your input, leaders can only guess what you
Price (whichever is less) and other owners want from your credit union.
Base Rate 8.75% Up to 60 Months If you would like to serve as an elected ofﬁcial, or on one of the committees, please
Base Rate 8.50% Up to 48 Months contact Brian Trotter by January 30, 2007. No nominations will be accepted from the
ﬂoor during the meeting.
USED CARS, TRUCKS, VANS In addition to regular voting at the meeting, members in good standing may vote at
100% of NADA Average Retail on Purchase the Credit Union ofﬁce on Monday, February 19, 2007 from 9:00 a.m. to 4:00 p.m. This
Price (whichever is less) will give everyone an opportunity to vote, even if you can’t attend the Annual Meeting.
Has been titled or has more than 15,000
miles The winners will be announced at the Annual Meeting. In case of a tie, a vote of the
members present at the meeting will determine the winner.
Base Rate 7.75% Up to 60 Months So plan to join your fellow CBCTFCU members, employees, and volunteers for an
Base Rate 7.25% Up to 48 Months afternoon of information, fun, fabulous door prizes, and cash prize drawings. Everyone
Base Rate 7.75% Up to 36 Months
attending will receive a thank you gift.
Rates will be quoted and advertised using
the base rate, however you may be offered
a lower or higher rate depending on your
FIRST MORTGAGE (Fixed)
80% of appraised value or purchase price
(whichever is less) Enhanced Authentication
Up to 20 Years 6.25%
Up to 15 Years 6.00% At CBCTFCU, we take online security
Up to 8 Years 5.75% seriously. Therefore, we are introducing
Up to 5 Years 5.75% Enhanced Authentication for your Virtual
Branch Online Banking.
SECOND MORTGAGE (Fixed) • What is it?
80% of appraised value or purchase price
(whichever is less)
It is a new tool that provides extra
Up to 15 Years 7.75% protection for your online data and helps
Up to 5 Years 7.50% guard against fraudulent online activities
like phishing scams and identity theft.
Home Equity (Variable) • How does it work?
Up to 15 Years 6.00% In addition to your Login ID and Security Code, the system recognizes your computer
and usage patterns. If a questionable login attempt is detected, the system will
4th Quarter 2006 Savings Rates require additional identity veriﬁcation before allowing access.
• Do I have to use it?
Yes, everyone will be required to use Enhanced Authentication.
RATE YIELD • How does it protect me against phishing?
When you enroll in Enhanced Authentication, you choose a secret image and phrase
Regular Share Accounts
.50% .50% combination. You will see this image and phrase each time you log on. When you
Share Draft Accounts
Christmas Club 1.25% 1.26% see your secret image and phrase, you can be assured that you are logging in to your
IRA Accumulations 1.75% 1.76% actual Virtual Branch site.