Fall 2020 Newsletter

Save the DateDutch Point Credit Union

Virtual Annual Meeting

The Dutch Point Credit Union 59th Annual Meeting will be held as a Virtual Annual Meeting.

Date: Tuesday, October 27th Time: 6:00 pm

Registration is required to attend. Please visit dutchpoint.org for complete details on the virtual meeting and to register. Please register by October 21st.

To learn more about all the features and benefits that come with each of these cards visit:dutchpoint.org. We are sure one of these cards will be the right card for you!

$10,000 minimum loan amount. $350,000 maximum loan amount. 80% maximum loan to value ratio. Dutch Point must be in first lien position. Loans will be made against your primary residence, 1-4 family homes located in the states of CT, MA and RI. Loans can be made against a second home; however, additional conditions will apply. Property insurance is required. Home Equity Lines of Credit are variable rate loans. Your rate may vary and will be based on the Wall Street Journal Prime Rate minus 0.25%, but it will not exceed 18.00% APR or be less than 3.25% APR. $50 inactivity fee will be assessed when there is no financial activity in a 12-month period. We do business in accordance with the Fair Housing Act and the Equal Credit Opportunity Act. NMLS #466823.

Get Prime MINUSMINUS 0.25%

for Life!with a home equity line of credit

in first lien position.

• Take advantage of a discounted HELOC rate when Dutch Point is in first lien position on your property

• Enjoy flexibility - use your loan when you want, where you want, and however you want

• Keep more money in your pocket not pay-ing for points, closing costs or annual fees

Get MOREMORE for Less

Fall For What You Love!Fall For What You Love!

To learn more or apply: visit dutchpoint.org or call 860-563-2617.

Borrowing from Dutch Point is easy! Our loan application is available 24/7 and is simple to complete. Qualifying loans can be approved in minutes.

You’ve fallen in love with it -- let us help you pay for it!

New/Used Auto Loans: Rates as low as 2.99% APR*

Home Equity Loans: Rates as low as 3.49% APR**

Personal Loans: Rates as low as 6.99% APR***

*APR - ANNUAL PERCENTAGE RATE. “As low as” rates are based on credit history, term selected and age of vehicle. “As low as” APR includes a .25% discount for a loan to value of less than or equal to 80%. A New Auto loan of $20,000 with a 5-year term at 2.99% APR results in 60 monthly payments of approximately $17.97 per $1,000 borrowed. Certain conditions and restrictions may apply. This offer may be withdrawn at any time.

**APR - ANNUAL PERCENTAGE RATE. APR listed includes a .25% discount for Dutch Point Credit Union being in first lienholder position. $10,000 minimum loan amount and $150,000 max-imum loan amount for terms up to 180 months with loan to value up to 80%. $50,000 minimum loan amount and $350,000 maximum loan amount for terms 181-240 months with loan to value up to 75%. Loans will be made against your primary residence, 1-4 family homes located in the states of CT, MA and RI. Loans can be made against a second home, however additional conditions will apply. Property insurance is required. A Home Equity loan of $25,000 with a 5-year term at 3.49% APR results in 60 monthly payments of approximately $18.19 per $1,000 borrowed. Payments do not include amounts for taxes and insurance premiums; if applicable, the actual payment obligation will be greater. Certain conditions and restrictions may apply. This offer may be withdrawn at any time. We do business in accordance with the Fair Housing Act and the Equal Credit Opportunity Act. NMLS #466823.

***APR - ANNUAL PERCENTAGE RATE. “As low as” rates are based on credit history and term selected. New money only. DPCU loans do not qualify for refinance. Maximum loan amount $10,000, maximum term 24 months. No additional loan discounts apply. Rate available for a limited time only. A Personal loan of $10,000 with a 2-year term at 6.99% APR results in 24 monthly payments of approximately $44.77 per $1,000 borrowed. Certain conditions and restrictions may apply. This offer may be withdrawn at any time.

Say YES to Seriously Simple!

Visit dutchpoint.org to learn more about our Mobile Check Deposit and get

started today. Enrolling is a SNAP!

Dutch Point Mobile Check Deposit is now available for Savings accounts.

Just take a picture of your check (front and back) with your smartphone and follow the

simple on-screen steps. It’s that easy!

Deposit Checks in

a SNAP with our Mobile App!

Say YES to our Seriously Simple Checking account!

With a DPCU checking account you have surcharge-free access to over 55,000 ATMs in the Allpoint network and thousands in the SUM network.

Eliminate the checking account challenge with our Seriously Simple Checking account! A Dutch Point checking account is simple to understand, simple to open, and simply FREE.

It's time to say YES to Seriously Simple!

• Say YES to our mobile app• Say YES to mobile check deposit• Say YES to instant issue Debit card• Say YES to no monthly fees or minimum balance requirement

To learn more or open your checking account, visit dutchpoint.org or call 800-842-1778.

It’s that Simple -- Seriously!

Credit Union Branches and Contact Information

Call Center: 860-563-2617 / 800-842-1778 Website: dutchpoint.org Email: windmill@dutchpoint.org

Wethersfield: 195 Silas Deane Highway Newington: 465 Willard Avenue Niantic: 241 Main Street West Hartford: 50 South Main Street (Town Hall) Bloomfield: 1 Wintonbury Mall Berlin: 107 Selden Street Middletown: 213 Court Street, Suite 101

Lost/Stolen Cards: DPCU Visa Card - 800-449-7728 -- Debit Card - 866-559-4804

Holiday Closings

Wednesday, November 11th - Veterans’ DayThursday, November 26th - Thanksgiving Friday, December 25th - ChristmasFriday, January 1, 2021 - New Year’s Day

IMPORTANT INFORMATION

If you want to learn more about creating a budget, contact us and we will be happy to assist.

When creating a budget, ask yourself the following questions:

• Do I spend more than I make?

• Do I pay myself last and have yet to establish an emer-gency fund?

• Do I charge pur- chases instead of saving for them?

Creating a budget will decrease stress for better health, free up time so you can do things you en-joy, and give you more control over your finances.

If you’ve answered yes to any of these questions, you may benefit from creating a blueprint for your personal finances.

Here are three steps you can follow to create an effective budget.

1. Establish your goals. Where do you want to be financial-ly six months from now, a year from now, and even five years from now? Develop a list for your short, medium and long-term financial goals.

2. List all your income and expenses. Give yourself a better understanding of what’s coming in and what’s going out. This will help you to balance income and expenses.

3. Create a manageable budget and remember to pay yourself first. Identify any spending leaks and take steps to correct them, and remember when paying yourself first, include an emergency savings plan as part of your budget.

Holiday shopping can be difficult, but we have some tips for your shopping that can relieve your holiday anxiety.

1. Value your relationships. Determine who you plan to give gifts to - then put a dollar figure next to each person. Setting price limits helps you keep your holiday budget on track.

2. Price check your gift list. If you find a gift that’s over your budget, shop around to see if you can find a better price elsewhere. Many stores have price-match policies.

3. Don’t procrastinate. Don’t wait until the last minute. Rush shopping can cause you to overspend.

4. Know the truth about Black Friday and Cyber Mon-day shopping. Studies have shown that there isn’t a huge difference in one-day promotions, like Black Friday and Cyber Monday. Focus on event-style sales that offer deals every day.

5. Consider making gifts. Homemade presents are a great way to save money while creating something memorable. These gifts won’t work for everyone, but they are a good option.

6. Save up for expensive presents. Set aside money for big-ticket items by establishing a Holiday club account. This will help you save money, and when you are ready to shop the money is there for you.

If money is tight during the Holiday season, consider a Dutch Point Holiday loan. We offer great rates and flexible terms to match your budget. If you need a Holiday loan -- contact us we are here to help.