the choice
WINTER 2013 A Quarterly Publication by Hoosier Hills CU
Is Holiday Debt Keeping You Down?
A Home Equity Loan Can Help!
The New Year means a fresh start. So resolve to stop letting lingering holiday debt drag you down! With the help of a low-rate home
equity loan from HHCU, you can consolidate all your post-holiday debt with ease. You’ll eliminate the stress of high rates, get to the
bottom of ballooning balances and ditch the hassle of juggling various bills. Plus, you’ll save both time and money thanks to the
following convenient and budget-friendly features:
 No annual fee
 No Closing Costs*
 Great rates that are much lower than those of most
credit cards!
 Low monthly payments
 Flexible terms up to 15 years!
Apply for your HHCU home equity loan today
and beat the post-holiday bill blues once
and for all! Simply stop by a branch, contact
our call center at (800) 865-2612 or visit
www.hoosierhills.com. We’re here to help
make this New Year the beginning of the end
of high-rate debt!
DEBT CONSOLIDATION
 as low as $40.62/month
Your Plans
Debt Consolidation
Estimated
Average Cost1
Monthly payments
as low as
$15,000
$40.62
*No Closing Costs: HHCU pays HELOC closing costs up to $300 for loan amounts <$24,999 and up to $500 on loan amounts of $25,000 or greater. 1Average costs amounts are estimates only. Actual
cost may vary. Payment examples are estimates only, based on the amount shown in each box, an APR of 3.25% and term of 120 months (10 years) of interest only payments. Any unpaid balance
at the end of the 10-year draw period is then amortized for 180 months (15 years) at the same variable rate. Previous loan balances not included in the estimated payment amount. Interest rate is
variable. Max APR of 18%. Your rate, term and payment amounts may vary.
NEWS YOU
CAN USE
Visa® Payment
Vacation Reminder:
Attention, HHCU Visa® cardholders!
If post-holiday financial stress is
threatening to ruin your winter fun,
please keep in mind you’re welcome
to skip your January 2014 payment
on your HHCU Visa credit card. There
is no form to fill out or Skip-a-Pay fee
charged. Simply skip your January
payment, enjoy the extra cash and
receive no penalty!
Online Mortgage
Pre-approvals:
Attention, house hunters! Need a
letter of pre-approval to make an offer
on your dream home? Did you know
you can now apply online 24/7 for a
mortgage loan and print out a letter of
pre-approval in as little as 20 minutes?
So be prepared to make an offer when
you house-hunt with a mortgage preapproval from HHCU! Visit
www.hoosierhills.com to apply today!
HHCU Gives Back:
At Hoosier Hills Credit Union we are
committed to giving back to the
communities we serve. In 2013 HHCU
donated over $70k to local charitable
organizations and community
initiatives. To learn more about
how HHCU is giving back visit our
community giving page at
www.hoosierhills.com/about/
community.
Shrink the Cost of Owning Your Home
Pay closing costs of just $249 with
HHCU’s SPEEDY Home Loan Refi!
Do you love your home – but loathe your loan? It’s not too late to refinance and save! Rates
are still low and HHCU is making it easier than ever to refinance. In fact, with our SPEEDY Home
Loan Refi, we’ll refinance your home to a 5, 7, 10, 15 or 20-year term in a lightning fast 30 days
or less! Trust us to shrink the cost of your home while granting you access to a dazzling display
of budget-friendly bonuses, including:
 Low closing costs of just $249
 Flexible terms now up to 20 years!
 Rock-bottom rates!
Take advantage of our SPEEDY Home Loan Refi today and
get ready to love your home – for less! Just stop by, call
(800) 865-2612 or visit www.hoosierhills.com to apply
now. Hurry and act now before rates go on the rise!
See how much you can save with a SPEEDY Home Loan Refi.
Current Mortgage
Savings with a 1%
Lower Rate
Savings with a 2%
Lower Rate
$75,000
$6,866
$13,996
$125,000
$18,487
$23,327
$200,000
$18,309
$37,324
Limited-time offer. Available on first mortgage refinances with 80% maximum LTV. Minimum credit score of 680. Owner
occupied residences only. No manufactured housing. Insurance required. Rates, terms and conditions vary based on
creditworthiness, qualifications and collateral conditions and are subject to change without notice. Minimum loan
amount $20,000. Max loan amount $249,999. All loans are subject to approval. Restrictions apply. Offer subject to
change without notice.
*Interest savings based on the comparison of a $75,000, $125,000 and $200,000 loan refinanced at an interest rate of
3.875% from a 4.875% or a 5.875% with a term of 180 months (15 years).
Hoosier Hills Insurance Acquires
Bowden Agency
Hoosier Hills Insurance Agency, a subsidiary of HHCU, recently announced
its acquisition of Bowden Insurance Agency – creating the region’s leading
provider of insurance products to businesses and consumers.
The Bowden Insurance Agency has been providing quality insurance
products from top insurance companies since 1980. As an independent,
multi-line agency representing A+ rated insurance companies, their
agency has more than 50 years of combined experience.
“We are extremely excited to have the talented and highly regarded
employees of Bowden Insurance Agency joining our organization,” said
Jay Strauss, president of Hoosier Hills Insurance. “The combined strength of
our two organizations gives us the capacity to bring the best in insurance
and service solutions to our clients and members.”
The merging of Hoosier Hills Insurance and Bowden Insurance Agency
expands the expertise available to the clients of both organizations,
particularly in the areas of personal lines and business insurance. The
acquisition will be seamless to Bowden Insurance Agency customers, as
Hoosier Hills Insurance will retain all Bowden Insurance Agency employees.
President Charlie Bowden of Bowden Insurance Agency will also join
Hoosier Hills Insurance as an Insurance Producer.
“This acquisition greatly expands the number of companies we represent
together, establishing a formidable network of independent agency
companies,” said Strauss. “This will allow our agents to offer even more
competitive quotes and pricing on the policies and services we offer.”
George McNichols, president of Hoosier Hills Credit Union, said, “We’re
really pleased to be adding some of the most talented and respected
leaders in the insurance business to our team. The Credit Union is
committed to building a top-of-the-line, independent insurance
agency for the long-term benefit of our retail, commercial and public
unit members.”
‘Tis the Season for Skip-a-Pay!
At HHCU, we understand that budgets sometimes need a little breathing
room – especially after the flurry of the holiday shopping season. That’s
why we offer members the option to skip one loan payment a year in
either the month of January or April! There is a low fee of just $25 to skip a
loan payment, which will be added to the balance of each qualified loan
any time a member takes advantage of the Skip-a-Pay option.*
To be eligible for Skip-a-Pay, you must meet the
following criteria:
 Loan cannot have been delinquent within the past 12 months.
 Loan must have been open for more than six months.
 Skip-a-Pay request must be received at least one day before the
payment is due.
 Members can only skip one payment per calendar year.
 Skip-a-Pay is only available on Signature, Automobile, Motorcycle and RV loans.
To sign up for Skip-a-Pay, stop by your local branch or visit www.hoosierhills.com. Your request must be
received by January 17th in order to skip your January payment. So don’t delay – Skip-a-Pay today!
*Interest will continue to accrue on the unpaid balance during the month you skip your payment, and when payments resume, the unpaid interest will be collected first. No refunds of
already applied payments.
BRANCH
LOCATIONS
BEDFORD
630 Lincoln Avenue
(812) 279-6644
BEDFORD WESTSIDE
Drive-Up / ATM
3311 Michael Avenue
Notice of Board Elections
There are three seats available for election on the Hoosier Hills Credit Union’s Board
of Directors and one seat available for election on the Supervisory Committee. The
Nomination Committee has nominated the following members:
Leo Meadows has served the credit union for 41 years, and he is seeking reelection
for a three-year term.
Alan Cummings has served the credit union for 35 years, and he is seeking reelection
for a three-year term.
OOLITIC
Night drop / ATM
Corner of Hoosier & Main
Jennie Edwards has served the credit union for 27 years, and she is seeking
reelection for a three-year term.
MITCHELL
Hwy 37 South
(812) 849-6006
Keith Wilkinson has served the credit union for two years, and he is seeking
reelection for a three-year term to the Supervisory Committee. (Prior to serving on
the Supervisory Committee for Hoosier Hills Credit Union, Keith served as a Board
President at Spencer County Credit Union for many years.)
PAOLI
Hwy 37 North
(812) 723-4700
VALLEY
8487 West College
French Lick
(812) 936-7800
JASPER
3010 Newton Street
(812) 481-2282
JASPER SOUTHGATE CENTER
ATM
SPENCER COUNTY
419 N. Main Street
Chrisney
(812) 362-7705
The Choice is created by the HHCU
Marketing team who
invite comments, questions,
suggestions and corrections at
(812) 279-6644 x155 or by email at
[email protected]
This year’s election will again be conducted by mail ballot. If you are a credit union
member, at least 18 years of age or older and not older than 80, and are interested in
running for the Board of Directors or Supervisory Committee, you need to pick up an
official petition and candidate application form at 630 Lincoln Ave., Bedford, Indiana.
To have your name placed on the ballot, the petition must be signed by 5% of credit
union members who are at least 16 years of age and returned to the credit union
along with the completed application form and picture of yourself by noon on
February 4, 2014.
If there is only one nominee for each position to be filled, the election will not be
conducted by ballot and there will be no nomination from the floor, as the nominees
will be elected to the positions by acclamation. If an election is necessary, ballots
will be mailed with the first quarter statements. Ballots will need to be received by
the election teller no later than midnight, May 16, 2014. The election results will be
announced at the annual meeting on May 21, 2014.
Board of Directors
Supervisory Committee
Max Wright, Chair
Gary Faubion, Vice Chair
Leo Meadows, Secretary
Beth Terrell, Treasurer
Alan Cummings, Director
Jennie Edwards, Director
William Miller, Director
April Glenn, Chair
Don Brandt, Secretary
Keith Wilkinson, Member