OCTOBER 2016
The Westerra Way
International Credit
Union Day
Thursday,
October 20
Stop by any branch
for cake and
celebrate with us!
Celebrating Our Unique Member-Owned Heritage!
Join Us in Celebrating Credit Union Month
October is Credit Union Month – a time we celebrate all that credit unions have accomplished for members
locally and around the world! Some of the principles that set credit unions apart from other financial
institutions are service to members, democratic control and social responsibility. Westerra is Working For
You by keeping your funds working here in our community and helping you achieve financial success by
using a financial cooperative that you own.
Earnings are returned to you—our members/owners—in a variety of ways:
»» Lower and fewer fees
Free Checking With Cash-Back Rewards.
»» Higher savings rates
Choose a 5-Year Flexible CD — earn 1.35% APY
+
»» Lower rates for loans and credit cards
Westerra Named
Number Eight Among
Healthiest Credit
Unions in America
Westerra Credit Union was recently featured
in the Denver Business Journal as the
Eighth Healthiest Credit Union in America by
DespositAccounts.com – a deposit accounts
comparison website that tracks more than
275,000 deposit rates and 8,000 banks and
credit unions. They are known for helping
consumers find the best rates. Every year
Deposit Accounts ranks banks and credit
unions using their proprietary institution
health rating algorithm.
Westerra received an
A+ rating in all four
ranking categories.
Specifically, Westerra’s
5-Year Flexible CD
Special and the
12-Month CD are
noted as top deals for
consumers. “We strive to consistently provide our
members good rates on their savings,” said
John McCloy, President/CEO of Westerra
Credit Union. “As a local Colorado credit
union, it is important to us to give back more
to our members and to keep those funds
working here in our community. We are
honored to be included in this list.”
Amazing Benefits. Low Rates.
»» Enhanced technology and convenience
Free Mobile App and Free Online Banking.
»» Westerra helps members become better-educated consumers of financial services
Free Credit Report and Account Review — get a free Fitbit, with your financial checkup!*
Celebrate Credit Union Month by learning how you can save money by using more Westerra products and
services. Visit westerracu.com, call us at 303-321-4209 or stop by any Westerra branch. We look forward
to talking with you!
Lock in a Higher Certificate of Deposit (CD) Rate Now
With terms from 3 to 60 months, a low minimum deposit of $500, and interest paid monthly, opening a
Certificate of Deposit (CD) at Westerra is a great option for saving and growing your money! Choose one of
these CD Specials or visit westerracu.com to view all our CD options.
» The Five Year Flexible CD Special+
This CD allows you to respond to changing market rates by moving funds any time to a shorter term CD
(12-month or longer) once without penalty or fees. Earn 1.35% APY. Minimum balance is $5,000.
» Jumbo CDs
Choose 12, 24 or 60 month terms. Minimum balance is $100,000.
12-month CD .45%APY 24-month CD .70%APY 60-month CD 1.55%APY
» Bump Up, Add On CD Special+
At Westerra, it's all
about our members!
Move your money from another financial institution to Westerra. With the Bump Up CD you can bump up
your Annual Percentage Rate one time to a higher rate, and make one additional deposit any time during
the term of the CD. Invest in a 25-month CD Special at 1.30% APY. Minimum balance is $10,000.
To open a CD, call 303-321-4209, visit any Westerra branch, or contact us through Online Banking.
Westerra makes it easy to earn more for your money! For more details, visit westerracu.com.
Federally Insured Deposits — Did you know that all deposits at Westerra Credit Union are federally insured up
to $250,000 per member by the National Credit Union Administration (NCUA)? Like the FDIC’s Deposit Insurance Fund,
the NCUA federal insurance fund is backed by the full faith and credit of the United States government. Not one penny of
insured savings has ever been lost by a member of a federally insured credit union, so you can rest assured that your funds
are safe and secure at Westerra. For more information about your federally insured funds, visit ncua.gov.
Top Rating for Financial Strength — Westerra continues to earn the top 5-Star rating for financial strength by
BauerFinancial, Inc. the nation’s leading bank and credit union rating firm. BauerFinancial rates all banks and credit unions
on a zero-to-five star scale with 5-stars being the strongest. A 5-Star “Superior” rating indicates that Westerra has at least
twice the capital that regulators require, is profitable and has kept its delinquent loans in check. For more information visit
bauerfinancial.com.
“I was looking for a bank that was fair
and honest, and didn’t have any hidden
fees. My mom suggested Westerra since
it was the credit union for my school
district. Flexibility, service, and care are
all attributes I look for in a credit union’s
ability to serve me. I have always had up
front, honest service.” ~ Susan
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+Limited Time Offer. APY=Annual Percentage Yield. Interest is computed daily and paid monthly. Not available for IRA CDs. Penalties apply for early withdrawal. 5-Year Flexible CD. Annual
Percentage Yield is effective as of 3/29/2016 and is subject to change without notice. No penalties, fees or loss of interest to transfer funds one time to a different Westerra Certificate of
Deposit (minimum 12-month term) at any time prior to maturity, excluding CD Specials. Upon maturity, certificates may be renewed automatically for the same term and at the then current
5-year CD rate. Bump Up, Add On CD. APY is effective as of 3/29/2016 and is subject to change without notice. To open and receive the CD Special rate, a new deposit must be made with
funds held outside Westerra Credit Union. An additional deposit may be made one time during the term of the certificate. Additional deposit must be made from funds outside Westerra.
During your CD term, you may bump-up your Annual Percentage Rate one time to match a higher rate you find advertised on a regular 24-month CD at any of these banks in Denver: Bank
of the West, BBVA Compass, Chase, First Bank, Key Bank, TCF Bank, US Bank or Wells Fargo. Upon maturity, the 25-month CD will convert to a regular 24-month CD. You will earn the
rate of interest in effect at that time.
*Limited time offer. One Fitbit™ per member with a completed financial checkup/review. Must be 21 or older to participate. Fitbit Flex is valued at $99.95. Value will be reported to the IRS
as required by law. Fitbit is not a participant in or sponsor of this promotion.
Volunteer on the Board of Directors or
Supervisory/Audit Committee
One of the unique aspects of credit unions is our cooperative structure—everyone who has
an account at the credit union is a member and an owner. There are no stockholders. Profits are
returned to members through lower fees, better rates and enhanced services. The volunteer Board
of Directors and Supervisory/Audit Committee are made up of individuals who are members of the
credit union. They serve in their roles on behalf of all members.
Board of Directors
Members elect a volunteer Board of Directors who guide the organization to fulfill its purpose by
setting the plans and policies which guide the affairs of the credit union. The Board of Directors
meets monthly to review the direction of the credit union and to ensure plans and policies are
properly implemented. With the increasing complexity of Director obligations, the Nominating
Committee is seeking candidates who have expertise in one or more of the following areas: law,
marketing, accounting, finance, management, leadership, lobbying (registered), computer science,
security, human resource services, lending, investing and other related areas. The Nominating
Committee is accepting applications for the three (3) vacancies on the Board of Directors.
Supervisory/Audit Committee
Use Westerra’s Free
Electronic Services
Use Westerra’s free electronic services to easily
access and manage your money 24-hours a day.
»» Online Banking – Check balances, transfer
funds, make loan payments and view
eStatements.
The Supervisory/Audit Committee is appointed by the Board of Directors and meets quarterly to
ensure the assets of the credit union and its members are protected by ensuring that financial
records are in order, audits are overseen, internal controls are tested, and the actions of the Board of
Directors and officials are reviewed for conformity with laws, rules and regulations. The Nominating
Committee is seeking candidates with expertise in one or more of the following areas: auditing/
accounting, analyzing financial records/reports, professional money management, consumer credit
protection laws, financial ratios, management, leadership and other related areas. The Nominating
Committee is accepting applications for one (1) vacancy on the appointed Supervisory/Audit
Committee.
»» Online Bill Pay: Quicker, Easier and Safer
Than Writing Checks – Receive your bills
by email (eBills), set up recurring or one-time
payments and enjoy flexible payment options.
How to Apply: If you are at least 21 years old, have been a Westerra member for five years or
more and would like to contribute your skills and time to the credit union as a volunteer on the
Board of Directors or Supervisory/Audit Committee, please contact Betsy Guerrero, Executive Vice
President at 303-321-2514 or [email protected] for an application. Applications must
be submitted by Friday, October 21, 2016 and will be reviewed by members of the Nominating
Committee. The Nominating Committee is comprised of: Ron Walker (Chairman), Barry Beal, Jr.
and Kathy Betts.
»» Popmoney and Transfer Money: Pay Other
People Anytime – Easily send, request
and receive money by email or smart phone
directly from your Westerra account.
Save The Date
Successful candidates will be announced at the Westerra Credit Union Annual Meeting on Thursday,
March 9, 2017. Thank you for your interest in your credit union!
»» Mobile Banking: Access Your
Account From Your Smart Phone or Tablet
– Deposit checks, view balances, transfer
money and pay bills using Westerra’s free and
secure Mobile Banking App.
»» Apple Pay: Pay With Your iPhone – An easy
way to pay merchants and within apps all from
your iPhone! »» CardNav: Manage Your Card – Manage your
debit and credit cards using the free CardNav
App. Turn your card on and off anytime,
receive alerts when your card is used, set
spending limits and approved merchant
locations. Download the CardNav App today!
Start using these services today – it’s easy!
Learn more and download the free apps
at westerracu.com. If you need assistance, we
are happy to help.
BRANCH UPDATES
STOP BY OUR NEW SMOKY HILL BRANCH
Our Centennial branch has moved! Visit our new
location at 20991 E. Smoky Hill Road (just ½ mile
southeast of our previous location).
COMING SOON!
A new Westerra branch will open in Castle Rock
in 2017! Stay tuned for more details.
Get the Westerra Visa® Signature credit card and enjoy the season even more by earning
unlimited higher reward points and a one-time bonus of 25,000 reward points. Plus get
exclusive Visa Signature benefits and more!
»» Unlimited 1.25 reward points for every dollar you
spend.
»» A one-time bonus of 25,000 reward points when
you make purchases of $3,000 or more within the
first three months.
»» Westerra Rewards to redeem points for cash back,
travel, merchandise, gift cards and charitable
donations.
»» An introductory balance transfer rate of 3.99%
fixed APR for 12 months* with no balance
transfer fee for balances transferred from
other financial institutions! Thereafter, and on
all new purchases, the variable rate is currently
10.15% - 21.00% APR based on your credit
qualification.+
»» Exclusive Visa Signature benefits including
once-in-a-lifetime experiences, fine wine and
food events, shopping discounts at premier retail
merchants, complimentary 24-hour Visa Signature
Concierge and 24-hour global assistance for
emergency card replacement, cash disbursement
and travel assistance.
»» No annual fee and no balance transfer fee!
»» Chip technology and CardNav App for added
security.
»» Lost Luggage and ID Theft Reimbursement and
Auto Rental Collision Camage Waiver.**
Learn more and apply for your Westerra Visa Signature card online at
westerracu.com/signature or visit any Westerra branch.
*APR = Annual Percentage Rate. Introductory balance transfer rate is valid for 12 billing cycles from account origination on balances transferred to the Westerra Visa Signature
+
card from other financial institutions. Your APR is the prime rate plus a margin of 6.65% - 17.65% based on your credit qualification. APRs will vary with the market based
on the prime rate. Published APR is effective as of 1/1/2016. Foreign Transaction Fee is .80% for single currency transaction; 1.00% for multiple currency transactions. Cash
Advance Fee 2%. **Certain terms, conditions, and exclusions apply. In order for coverage to apply you must use your covered Visa card to secure transactions. Please refer
to your Guide to Benefits for further details.
Choose Westerra for Your Commercial Real Estate
Did you know that Westerra Credit Union offers Colorado commercial real estate loans? Westerra
makes it easy with quick processing and local underwriting by professionals who know
Colorado.
Westerra offers a variety of long-term fixed rate commercial real estate loans up to $10 million, with
amortization up to 25 years and no prepayment penalty. Financing options include competitively
priced 10-year fixed financing, and 5 and 5 financing with an initial rate as low as 3.75%APR;
repricing to 2.25% over the 5-year US Treasury note after 5 years.
Start saving money and increase your cash flow! Contact Roger D. Larson at 303-784-7132 or
[email protected].
Convenient Westerra Locations
Arvada
7270 West 88th Avenue
Aurora
14305 East Alameda Avenue
Centennial
20991 East Smoky Hill Road
Denver
Cherry Creek – 3700 East Alameda Avenue
Stapleton – 3700 North Quebec Street
Lakewood
Belmar – 98 North Wadsworth Boulevard
Green Mountain – 375 Union Boulevard
Littleton
8906 West Bowles Avenue
Parker
10169 South Parker Road
303-321-4209 • 1-800-858-7212
[email protected]
Over 1000 free ATMs in Colorado
200 convenient CO-OP Shared Branches
Your savings federally insured to at least $250,000
and backed by the full faith and credit of the United States Government
MOBILE
BANKING
Your savings are federally insured to at least $250,000 and
backed by the full faith and credit of the United States
Government.
w w w. w e s t e r r a c u . c o m