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MEMBERSHIP NEWSLETTER MEMBERSHIP NEWSLETTER commonwealth
April 2020 Volume 42 No. 2
Remarkable possibilities. Federally insured by NCUA
Since 2000, Cinfed has awarded more than $200,000 in scholarships to help local students cover the cost of their college educations through the Louis M. Brown/Cinfed Credit Union Memorial Scholarship. This year, Cinfed is offering six scholarships of $2,500 each.
The scholarships are designated for students who have an active account with Cinfed Credit Union and are pursuing collegiate undergraduate degrees.
Applications are available at each Cinfed branch location, and should be completed and sent to: Louis M. Brown/Cinfed Credit Union Memorial Scholarship Committee 4810 Kennedy AvenueCincinnati, OH 45209
Applications can also be submitted online at cinfed.com/scholarship. The deadline for applications is Friday, May 1, 12:00pm EST.
Apply for a scholarship Get cash for college!Surpassing $500 million in total assets
Celebrating anothermajor milestoneA message from Cinfed’s CEO, Jay Sigler
During the 1st quarter of 2020, Cinfed reached another major milestone: we surpassed $500 million in total assets for our organization. We’re proud to have accomplished yet another significant benchmark – from our charter expansion in 2018, to our 85th anniversary last year, to $500 million this year…all achieved thanks to the continual support of our members and employees.
To share a ‘high five’ with our members and the community, we’re offering a special, limited time Celebration Certificate: make a $500 deposit and get 5.00%APY* for 500 days – and it’s available until 5/5/2020. It’s our way of saying “thank you” for helping us reach this latest milestone.
But make no mistake – we’re not stopping at $500 million! Our goal is to continue growing so we can keep offering you the financial services that meet your needs every day. To that end, we are investing in new technology, including Interactive Teller Machines (ITMs) at the Oakley branch which allow you to make transactions while connecting via video to our staff. It’s an exciting development that will make the process faster and more efficient, and we will continue to expand ITM availability in the near future.
Congratulations! Thanks again for helping us reach the $500 million milestone! *APY: Annual Percentage Yield. $500 deposit required to open account; Celebration Certificate is valid for $500 amount only. Standard restrictions and penalties for early withdrawal apply. After 500-day term expires, account will auto-renew for 12 months at the rate in effect at time of renewal. One certificate per member. Offer expires 5/5/2020.
Cinfed
rebalance into investments that have lost significant value can also make a meaningful impact over time.
Another thing to evaluate as you get closer to retirement is your risk tolerance. If you were able to take advantage of the above average returns in 2019, you may now be on track to reach your goal sooner than planned. This could be an excellent time to re-evaluate the risk you need to take and possibly reduce your exposure to potential declines in certain types of riskier assets.
Our financial advisors with Saxon Financial can help you evaluate your current situation, define your retirement goals, design strategies to help you reach these goals, and manage these strategies as conditions and needs change. Contact them today to schedule your No Cost meeting to discuss any of your financial concerns.
Cincinnati BranchesBrian [email protected] Northern Kentucky BranchesKevin Hagerty513-333-3886 [email protected]
Evaluating your retirement portfolio
Mark your calendar for our upcoming Skill Sessions. These 60-minute conversations address real-world issues, challenges and possibilities you face, and are hosted by our Financial Possibilities Team*. Our experts have prepared a helpful session filled with insights and key strategies to make your life easier and help you create your own “Remarkable Possibilities.”
Estate Planning Thursday, May 7th, 20206:15-7:15pm Cinfed Oakley Branch• Creating Your Plan• Understanding Your Options
Social Security Tuesday, May 12th 6:15-7:15pm Cinfed Oakley Branch• Understanding Your Benefits• Strategies to Maximize
Your Benefits
Understanding Medicare Tuesday, May 19th, 20206:30-7:30pm Cinfed Oakley Branch• Understanding Your Options• Medicare (Parts A, B, C, D) and
which may be best for you• Supplemental Plans
RSVP at cinfed.com/skillsession*These events are for educational purposes only. No plan-specific information will be shared.
Check out our Skill Sessions
In 2019 we saw fabulous stock and bond market returns coming out of the bear market in 2018. As of the end of February 2020, we are seeing more volatility return with fears of the Coronavirus and uncertainty about the upcoming election. With the run we saw in stocks in 2019, many portfolios may be out of balance and taking more risk than investors are comfortable with or aware of.
As the stock and bond markets move up and down, regularly rebalancing your investments can reduce the volatility in your portfolio. As an example, if your retirement plan calls for an investment portfolio that contains 60% in stocks and 40% in fixed income, you may have 70% in stock and 30% in fixed income after 2019. Rebalancing back to a 60/40 mix could take unnecessary risk off the table. On the other hand, having the courage and wherewithal to
Investments are not NCUA insured, not credit union guaranteed, and may lose value. Registered Representative Securities offered through Cambridge Investment Research, Inc. A Broker/Dealer, Member FINRA/SIPC. Investment Advisor Representative Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Cambridge, Saxon Financial Services, and Cinfed Credit Union are not affiliated.
Cinfed in the community
When it’s time for an auto loan, swing a great deal with Cinfed! From now until June 30, when you close on your loan, you can grab a golf ball
for a rate discount – possibly as low as 2.74%APR*!
Already happy with your rate? Then you can choose two of the following options:• 90 days to first payment• $100 discount on GAP insurance • $100 discount on depreciation protection• $100 discount on mechanical breakdown protection
Free report included!
When you drive, you should go for the green! Whether you’re buying or refinancing, talk with the Cinfed team or apply online
at cinfed.com
*APR = Annual Percentage Rate. APR is based on credit history, vehicle year, and term of loan. Rate discount floor limit is 2.74% APR. Subject to credit approval. The Go
for the Green! Promotion (the “Promotion”) begins on April 1st, 2020 and ends on June 30th, 2020 (the “Promotion Period”). No purchase or transaction
necessary to enter the promotion. A purchase will not improve your chance of winning. The actual odds of winning each prize depends on the number
of eligible entries received during the Promotion Period. Open to legal U.S. residents who are 18 years of age or older as of date of entry and are current
Cinfed members. The golf ball drawing must be completed during the Promotion Period to be eligible for this promotion. Only one attempt per eligible social
security number allowed. Sponsored by Cinfed Credit Union. Ask a Cinfed employee or visit www.cinfed.com for Official Rules. Offer expires June 30, 2020.
Mark it! Spring Shred Days
Loans to help family businesses in Oakley
Cinfed recently made a $1.6 million commercial loan commitment that will assist 3 related family businesses, located just 1.5 miles from our headquarters, that have been working in our community for over 110 years. We are proud to support our neighbors and are eager to see their continued impact within our community!
Holiday hours
Cinfed will be closed in observance of the following holidays: Memorial DayMonday, May 25
Independence DaySaturday, July 4
Celebrate another year at CinfedAs a member, you are an owner of the credit union and with your support we have been able to grow year after year. At the Annual Meeting, you have a chance to learn how well Cinfed is doing and meet with staff and other members.
Funds raised for healthy hearts
We are pleased to announce the results of our February Heart Month campaign for the American Heart Association — raising nearly $2,000 as a result of monetary donations, in addition to 14 units of blood as a result of our blood drive! Thanks to all those who helped us keep hearts beating across the country!
Go for the green!green! Auto loans as low as 2.74%APR*
Cinfed’s Annual MeetingTuesday, June 2, 2020 at 5:00 p.m.Cinfed Oakley Branch4801 Kennedy Avenue Cincinnati, Ohio
Nominees will be voted in by acclamation during the meeting, since the Nominating Committee received applications from two individuals to fill the three open positions on the Board of Directors. All applicants were accepted by the committee. No mail ballots will be sent to the membership this year.
Did you know identity thieves can steal more than just your credit card?Identity theft includes driver’s licenses, social security cards, medical insurance, and character/criminal identity. Protect your identity by shredding your unwanted personal documents at our Spring Shred Events!
Saturday, April 25 • 9am-1pmGlenway Branch5147 Glencrossing WayWestern Hills, OH 45238
Saturday, May 9 • 9am - 1pmFort Wright Branch15 George Huser DriveFort Wright, KY 41011
Contact our Member Services Department at (513) 333-3800 with any questions. Please limit to 4 boxes of shred.
