Membership Supports Education!
Proudly Serving
Our Members Since 1936!
October 2010 Quarterly Newsletter
Our Eagle Branch is
!
N
11 Monday, Columbus Day -Credit Union closed
18-22 International Credit Union
Week -- Stop in for a treat at
your local branch on the 21st!
O
80 E. Riverside Dr., Eagle
NOVEMBER
7 Daylight Savings Time Ends
-- Turn your clock back one
hour!
Visit Us Soon!
Teachers, apply today for the CapEd
Teacher Grant Program to fund an
education project for your class. To
participate, visit any of our seven
branch locations or go online for a grant
application and information. This year
we have made a few changes to the
program. We will grant $2,250 each
month, from October 2010 through
Aprill 2011, in different amounts up to
$750 each; so we will no longer have just three $750 grants per month. In the
two years we have offered the program,
CapEd has donated over $30,000 in the
form of Teacher Grants to the schools
within our Field of Membership area,
the 15 southwest Idaho
counties.
Applications are due
the 10th of each month
from October through
April. Full grant details are
available online at www.
CapEdfcu.org.
OCTOBER
15 Costco Lobby Days in
Meridian 2:30 pm - 4:30 pm.
E
P
CapEd Teacher Grant Program
CALENDAR OF EVENTS
Don’t Retire Before
Your Mortgage Does.
Refinance at CapEd
and Save!
11 Thursday, Veterans Day -Credit Union Closed
17 Boise National College Fair
-- Boise Centre On the Grove
25 Thursday, Thanksgiving Day
-- Credit Union closed
DECEMBER
24 Friday, Christmas Eve -Credit Union closed
25 Saturday, Christmas Day -Credit Union closed
31 Friday, New Years Eve -Credit Union closed
JANUARY
Rates As Low As:
4.313%*
APR
More information on page 4.
1 Saturday, New Years Day -Credit Union closed
For the most current information, as well as
Newsletters for our Young Adult Members,
Blast Members, and Pee Wee Members, visit
the CapEd News section on the home page of
our website at www.CapEdfcu.org.
Remember with our Capital Online Branch, ATMs, Capital Line,
and Night Drop Boxes, we’re never closed...
TELEPHONE
884-0150 or 800-223-7283
CAPITAL LINE
884-0151 or 800-801-9601
MAILING ADDRESS
FOR ALL OFFICES
P.O. Box 570
Meridian, ID 83680-0570
MAIN OFFICE (ATM)*
275 S. Stratford Dr.
Meridian, Idaho
THUNDERBOLT BRANCH (ATM)***
7450 Thunderbolt Dr.
Boise, Idaho
PARK CENTER BRANCH (ATM)*
500 E. Highland
Boise, Idaho
MCMILLAN BRANCH (ATM)*
12195 McMillan Rd.
Boise, Idaho
EAGLE BRANCH (ATM)*
80 E. Riverside Dr.
Eagle, Idaho
KUNA BRANCH (ATM)**
738 E. Avalon
Kuna, Idaho
NAMPA BRANCH (ATM)***
16275 N. Marketplace Blvd.
Nampa, Idaho
HOURS
*Lobby: M – F, 8:30 a.m. – 5:30 p.m.
*Drive-Up: M – F, 8:00 a.m. – 6:00 p.m.
**Lobby: M – Th, 8:30 a.m. – 5:30 p.m.
**Lobby: Friday, 8:30 a.m. – 6:00 p.m.
***Lobby: M – F, 8:30 a.m. – 5:30 p.m.
***Drive-Up: M – F, 8:00 a.m. – 6:00 p.m.
***Drive-Up: Sat., 9:00 a.m. – 1:00 p.m.
ATMS
ATMs are located at all branches,
as well as:
BSU Student Union Building
CWI Main Campus
Centennial High School
Renaissance High School
ALL Treasure Valley Walgreens
INTERNET WEBSITE
WITH FREE HOME BANKING
www.CapEdfcu.org
Why 186 Million People Worldwide Choose Credit Unions
On October 21, credit union members
worldwide will join together to celebrate
International Credit Union Day and this
year’s theme is: Local. Trusted. Serving
you. Do you remember why you chose
CapEd to be your financial services
provider? It may be among many reasons
shared by the 186 million people in 97
countries who have also chosen credit
unions, but it most likely has something to
do with the common philosophy of “people
helping people.”
Unlike most other financial institutions,
credit unions are not-for-profit,
democratically controlled, volunteer board
of directors, member-owned cooperatives.
They exist to serve their members, and that
level of service remains high even during
the toughest times. Instead of issuing
stock or paying dividends to outside
shareholders, credit unions provide value
to their members by returning earnings
in the form of lower loan rates, higher
interest on deposits, and lower or even
no transaction fees.
AFTER HOURS
Lost or stolen Visa CREDIT card:
800-991-4964
Lost or stolen Visa DEBIT card:
800-554-8969
2
This year’s theme celebrates the
advantages of credit union membership.
Value, trust, and service are just some
of the many benefits of being a credit
union member. You are in charge of
your money and your credit union.
At CapEd, we are proud of our
heritage as a cooperative financial
services provider and our connection
to the more than 54,000 credit unions
worldwide. On October 21, we’ll join
credit unions and their members around
the world to celebrate International
Credit Union Day in recognition of the
benefits those institutions bring to their
members.
Check out our Web site at www.
CapEdfcu.org for more information
about International Credit Union Day,
and don’t forget to stop by your local
branch on October 21 for treats! Lets
celebrate the credit union difference.
From the Desk of
SagePoint Financial
MONEY
MONEY MATTERS
MATTERS
Facing Our Financial
Environment
Taxes - The Horror, The Horror
Horace Mann Partnership
sure you have the correct coverage
you and your family needs. Horace
Mann also provides a discount if you
have both your auto and homeowners
insurance
with
them.
Premium
payments can be deducted directly
from your CapEd checking account.
Contact your local Horace Mann
Representative for a quote or for your
insurance questions. Call Mike Sallee
208-385-0609.
CapEd and Horace Mann Insurance
Company have teamed up to give
special service to all members. Horace
Mann has dedicated their time and
effort to provide a service tailored to
fit the educational community. Horace
Mann offers discounts to members
of CapEd, such as preferred rates,
Driving Quality Discount, Multi-Car
Discount, and Good Student Discount.
Your local Horace Mann agent will
go over your policy with you to make
Skip A Payment!
Want to skip a loan payment this holiday
season? If you are current with your loan
payments and return the completed SkipA-Payment Coupon in time, you may skip
one payment on each qualifying loan
you have with us during the month of
December 2010. Loans that have had an
extension in the past six months will not
qualify for the skip-a-payment. To skip a
payment, return the skip-a-payment
coupon at least ten business days
before the payment due date. ­Your
regular payment(s) will resume in January
2011.
%
%
%
%
%
%
If you have a cosigner or coborrower
on your loan, they must also sign the
coupon. This coupon is not valid for
single/annual installment loans or real
estate loans. If your loan is paid by
payroll, automatic deduction, home
banking, or ACH origination you will be
responsible for making the necessary
changes to these deductions. Please contact the Loan Department
at least 30 days prior to your December
2010 due date if you have any questions.
%
%
%
%
SKIP-A-PAYMENT COUPON
Please advance my due date to January 2011 on the following loan(s):
Loan #(s) ________________________________________________
Member #(s) _____________________________________________
For the month of December 2010.
________________________________________________________
Print Name(s) & Cosigner Name
________________________________________________________
Borrower 1 Signature & Date
________________________________________________________
Borrower 2 Signature & Date
_________________________________________________________
Cosigner Signature & Date
_________________________________________________________
Credit Union/Approval Date Entered____________________________
3
%
One of the most prevalent and
emotionally fraught discussions making
the rounds for Americans right now
concerns taxes. More specifically,
there is a growing concern that,
between healthcare reform and the
coming expiration of the Bush tax
cuts, they are going to be handing
over significantly more money to
Uncle Sam. In anticipation of rising
taxes, SagePoint Financial is offering
strategies to shelter some of those
tax liabilities. Some of those favored
strategies include charitable lead trusts
and paying taxes up front, before rates
rise, and converting their Traditional
IRAs to Roth IRAs.
Education - Costlier Than
Anyone Imagined
One of the biggest costs facing many
Americans over the next four to 10 years
will be the tuition bills for their children.
Unfortunately, the cost of a college
education is one of those things that
seem never to drop. Today, for example,
four years at a private school will run
from $100,000 to $250,000. According
to a nonprofit scholarship website
FinAid.org, it assumes that higher
education will increase at 7% per year,
thus doubling in cost by the year 2020.
Because of the financial environment
we are living in, it is no longer appropriate
as financial advisors to only give advise
regarding a members retirement assets.
We have come to realize the importance
of comprehensive planning in order for
a member’s total financial house to be
in order and kept that way.
When facing this financial
environment, it is essential for CapEd
members to consider establishing a
comprehensive financial plan. It starts
with understanding what’s important
to you, what’s important about money
to you. Once we understand what’s
important, the next discussion centers
on goals and plans. Let me illustrate
using a football team analysis. You
are the team owner(s); you hire us to
be the head coach. Together, we will
help you put together a game plan, a
comprehensive financial plan. There are
Continued on page 5.
CapEd Visa Rewards Credit Card
•
•
•
Have you been pushing your dreams in the back of
your mind because they seem unattainable? Switch to
a CapEd VISA® credit card and discover another great
benefit of membership.
Our VISA has rewards that you wouldn’t believe!
Before you know it, you’ll have saved up enough points
to make your dreams come true. Start enjoying the
many benefits of the CapEd VISA Rewards credit card.
Apply online today or at any CapEd branch location.
•
•
•
•
•
•
•
•
Rates As Low As 9.9% APR*
Cash Advance Rate is the same as the Purchase Rate
Minimum Payment is $20 or 3% of Balance (whichever is
higher)
25 Day Grace Period on Purchases
$0 Annual Fee and $0 Monthly Fees
$0 Fees on Balance Transfers, Cash Advances
$0 Fee Letter Checks For Purchases and Transfer
Earn 1 Point Scorecard® Rewards on Every $1 Purchased
$0 Cost Travel Accident Insurance
$0 Cost Travel Advantage Package
Online Shopping Protection Through Verified by Visa®
*The rate you receive is based upon the merits of your credit history.
Earn Amazing Rates with CapEd’s High Yield eChecking Account
Check out our microsite at www.
HighYieldeChecking.com to learn more
about CapEd’s High Yield eChecking
account. This site provides an easy-tounderstand overview of the eChecking
account and offers answers to commonly
asked questions. You can also use the
referral button to make sure your family
and friends know about this great account.
CapEd’s High Yield eChecking
account earns an outstanding rate and
refunds ATM fees nationwide up to $25
per cycle. In order to qualify for the high
yield reward features on this account, you
must meet certain criteria. Emails will be
sent out monthly to let you know if you
qualify or not. Members who do not meet
qualification requirements will earn 0.10%
APY that month.
Switching your CapEd checking account
to a High Yield eChecking account is easy
with our conversion forms. Or switch a
checking account from another financial
institution with our easy to use switch kit
packet. The switch kit packets will help
you get the information you need to make
a smooth transition to eChecking. Both
the conversion form and the switch kit
are available online or at any CapEd
branch. See any Member Services
Representative for details.
ALL
Treasure
Valley
Walgreens’!
Don’t Retire Before
Your Mortgage Does.
Are you losing sleep at night because your
goals for retirement have taken a giant leap
backwards? Many people are losing value
in their retirement portfolios. Consider this:
Having your home paid off at retirement is
just as important as saving for retirement.
Get your retirement dollars working harder
for you by having your mortgage paid off
by retirement. Contact one of our Mortgage
Loan Officers about refinancing your
long-term mortgage with a lower rate and
shorter term!
Paying off long-term debt early makes
good retirement and good fiscal sense. With
a rate as low as 4.313% APR,* you’ll be
glad you did.
*Some restrictions apply. Limited time offer. APR is
based on a purchase price of $100,000. The rate you
receive is based upon the merits of your credit history.
Surcharge-free ATMs Near You!
Caped now has
no fee ATMs in
Continued from page 1.
CapEd has added even more ATMs
in the Treasure Valley. In addition to
each CapEd branch having 24/7, no
surcharge ATMs, we also have ATMs
in the BSU Student Union Building,
CWI, Centennial High School, and
Renaissance High School / ISU in
Meridian. Also, we have ATMs in all
Treasure Valley Walgreens stores. Look
for the CapEd logo and rest assured that
as a member, your ATM transactions
will incur no service charges or fees.
4
Go Figure!
Financial mysteries you just
have to wonder about...
If the salesperson
is so sure that the
audio equipment
you’re buying
is well made,
why is he also
trying to sell you
an extended
warranty?
Planning Ahead for A Happy Holiday
The holidays are coming and bringing
the “shopping season” with them. While
you may think you’re doing something
good for the economy by going out and
spending to your heart’s content, getting
gifts for everyone on your list without
setting a budget, and swiping your credit
card for home decor and other holiday
favorites, ask yourself this: what effect
are my actions going to have on my OWN
economy?
Unless you are a member of the Federal
Reserve, the President of the United
States, a potential candidate, or a talk
show host, the American economy is not
your primary responsibility. What you ARE
responsible for, however, is your budget
and your own finances.
It’s possible to be in very good financial
shape in your personal life, even as the
country struggles. And, if you’re already
struggling, you can still get out of hot
water through smart money management.
During the holidays, that may not sound
like much fun, but if you begin planning
now, you can have a wonderful, beautiful,
meaningful, and exciting holiday season
without overspending. Here are some
plan-ahead ideas:
- Salvage what you can from last year,
your basement, thrift shops, and neighbors
for home decor and clothes. Before you
buy anything new for the holidays, be
prepared with a list of what you really, really
need to make the holidays enjoyable. If
last year’s holiday dress still fits...why not
wear it?
- Get together with friends
and family for a ‘holiday stuff’
exchange. Ask everyone to
bring holiday items and new
gifts they have no use for, and
either sell them to each other
at a low price (with profits
possibly going to benefit a
charity) or simply trade with each other.
Either way, everyone saves money,
and everyone comes away with
less clutter and more of
what they want. After
all, one person’s junk
is another person’s
treasure.
- Make a list of people
you want to give gifts
to NOW, check it twice,
and start shopping. First, shop your own
home, and then check out local discount
stores, flea markets, and yard sales.
Without looking ‘cheap’, you can come
up with some great buys if you plan
ahead. Last minute purchases often are
more expensive because you have no
choice but to buy what you can, quickly.
- Wherever possible, make gifts instead
of buying them. You’ll find lots of ideas
for fun, homemade gifts online or in
craft stores.
With some advance planning, your
holiday season will be affordable,
exciting, fun, and, as a little bonus,
stress-free!
Copyright: 2008 CUContent.com. (Revised)
Congrats to Renaud Boucher-Browning
Education Exchange 2010 College Grant Recipient
Renaud Boucher-Browning, one of our
members, is the recipient of one of this
years’ $1,000 Education Exchange College
Grants. This national annual scholarship
program offers four $5,000 grants and 30
$1,000 grants worth a combined total of
$50,000, to eligible high school seniors
each year.
The program’s goal is to recognize,
honor, and assist hardworking and
academically talented students as they
further their education and prepare for the
challenging careers that lie ahead. Renaud
is a recent graduate of Boise High School
where he was a member of the National
Honor Society, the Humanitarian Club,
and founder of Orchestra Buddies Tutoring
Program.
Renaud is an avid musician and was in
the Boise Philharmonic Youth Orchestra.
He was the winner of the Idaho Emerging
Composers Competition. Honored as a
National Merit Finalist, Renaud will attend
Rice University where he plans to major
in music. We at CapEd are honored to
present this grant to Renaud. He was
chosen from thousands of applicants
nationwide.
If you are interested in applying for
the 2011 Education Exchange College
Grant, applications and information will
be available in our branches as well as
on our website in January 2011!
5
Go Direct: Safety Month Ripe
for Direct Deposit Promo
The U.S. Treasury Department’s “Go
Direct” campaign is again asking us
to educate our members on the safety
benefits of using direct deposit for
Social Security and other government
payments.
Over 485,000 Social Security and
supplemental security income (SSI)
checks were reported lost or stolen
and $64 million in checks issued by the
Treasury were fraudulently endorsed
during 2008.
October
is
National
Crime
Prevention Month. What a great
reminder to use electronic delivery for
government benefits checks, which
helps reduce the risk of identity theft
and helps reduce stolen checks and
forgeries.
Copyright: 2008 Credit Union national Association,
Inc. (Revised)
If you have been contributing to a
Christmas Club account, you may
withdraw funds from the account
beginning November 1, 2010. Even if you
draw your balance to zero, the account
will remain open; so you won’t need to
open a new Christmas Club account each
year. Any funds left in the account at the
end of December will roll over into a 2011
Christmas Club account as of January 1.
Don’t forget to continue contributing to
your account for 2011! If you don’t have
a Christmas Club account, why not open
one today so you’ll be prepared for the
Holidays before they arrive?
Continued from page 3.
Facing Our Financial
Environment
players on your team that work in various
areas of the plans: estate and beneficiary
plans, tax planning, insurance issues,
goals and event planning, educational
expenses, medical health and fitness
planning, debt reduction/elimination,
major purchase events, cash reserve
planning, retirement income planning.
As your head coach, we are responsible
to make sure that all the players on your
team are actively seeking to accomplish
your financial game plan.
Call Art or Mike at 888-0936.
CapEd FCU Rate Notice* - Accurate as of 09/15/2010. Rates are subject to change without notice.
View current rates at www.CapEdfcu.org.
SHARE SAVINGS
Regular
Medical
Christmas Club
IRA (59 1/2) Trad
IRA Trad/Roth
IRA SEP/ESA
Min. Bal.
$5.00
$0.00
$0.00
$10.00
$10.00
$10.00
Div. Rate
0.40%
0.40%
1.20%
1.55%
1.30%
1.30%
APY
0.40%
0.40%
1.21%
1.56%
1.31%
1.31%
SHARE
DRAFT CHECKING
Classic
Medical
Business
Young Adult Member
High Yield eChecking Accounts
$0-$25,000
Div. Rate APY With Qualifying Requirements
3.06%
3.10%
Without Qualifying Requirements
0.10%
0.10%
Min. Bal.
$0.00
$0.00
$0.00
$0.00
$2,500-$24,999.99
Div. Rate
APY
0.50%
0.50%
0.25%
0.25%
Min. Bal
TERM
6-11 Months
12-17 Months
18-23 Months
24-35 Months
36-47 Months
48-59 Months
60 Months
91-179 Days
Certificates - Share/Medical/IRA
$500.00
$2,500.00
$5,000.00
$10,000.00
Div. Div.
Div.
Div.
Rate APY
Rate APY Rate APY
Rate APY
0.50% 0.50% N/A
N/A 0.55% 0.55% 0.60% 0.60%
0.85% 0.85% N/A
N/A 0.90% 0.90% 0.95% 0.95%
0.95% 0.95% N/A
N/A 1.00% 1.00% 1.05% 1.05%
1.20% 1.21% N/A
N/A 1.25% 1.26% 1.30% 1.31%
1.65% 1.66% N/A
N/A 1.70% 1.71% 1.75% 1.76%
1.95% 1.97% N/A
N/A 2.00% 2.02% 2.05% 2.07%
2.20% 2.22% N/A
N/A 2.30% 2.32% 2.35% 2.37%
N/A
N/A 0.40% 0.40% 0.45% 0.45% 0.50% 0.50%
Young Saves Certificates Share/Medical/IRA
Under Age 25
Min. Bal.
Div. Rate
APY
6 Months
$250.00
1.05% 1.05%
12 Months
$250.00
1.25% 1.26%
APY
0.10%
0.10%
0.10%
0.10%
$75,000-Above
Div. Rate
APY
1.00%
1.00% 0.75%
0.75% $25,000.00
Div.
Rate APY
0.70% 0.70%
1.05% 1.05% 1.15% 1.16%
1.40% 1.41%
1.85% 1.86%
2.15% 2.17%
2.45% 2.47%
0.60% 0.60%
$50,000.00
Div.
Rate APY
0.75% 0.75%
1.15% 1.16%
1.25% 1.26%
1.50% 1.51%
1.95% 1.97%
2.25% 2.27%
2.55% 2.58%
0.70% 0.70%
Deferred Compensations (30 Day)
School District Employees Min. Bal.
Div. Rate APY
30 Days
$10.00
2.50% 2.52%
All rates are subject to change without notice. Regulations prohibit payment in excess of available earnings. Penalty required for early
withdrawal. Other rates and maturities are available. Contact a credit union employee for further information about applicable fees and terms.
APY is the Annual Percentage Yield. The rates quoted above are accurate and effective for the above accounts as of the date indicated.
Certificate rates remain fixed for the term of the certificate. For share, checking, medical accounts, and certificates, dividends will be credited
to your account and compounded on the first day of each quarter. For Money Market Accounts, dividends will be credited to your account and
compounded on the first day of each month. Fees or other conditions could reduce earnings on the account. A penalty may be imposed for
withdrawals before maturity. If you have any questions or need current rate information on your accounts, please call our Member Services
Department at 208-884-0150 or 1-800-223-SAVE (7283). *Rates may change after the account is opened.
Keep Your Information Current
With fraud and identity theft on the rise, it
is very important to make sure CapEd has
your current address and contact information
on file. By law every year, we have to turn
hundreds of accounts over to the state as
unclaimed property. Once we do that, those
accounts do not earn CapEds’ high dividends. Be sure to keep your work, home, and
cell numbers up-to-date as well so CapEd
and authorized plastic cards staff can reach
you regarding any potentially fraudulent
Total Assets.................$257,038,370
Total Shares................$230,991,186
Total Loans..................$120,856,468
Number of Accounts...............39,683
Over $25,000
Div. Rate APY
1.00%
1.00% 0.10%
0.10% Money Market Accounts
$25,000-$49,999.99
$50,000-74,999.99
Div. Rate
APY Div. Rate
APY
0.70%
0.70%
0.90%
0.90%
0.40%
0.40%
0.60%
0.60%
MM Savers
MM Checking
Div. Rate
0.10%
0.10%
0.10%
0.10%
Statement of Accounts
As of August 31, 2010
activity. Also, if you are planning to travel
out of the area or country, please notify
M e m b e r S e r v i c e s b e f o r e y o u l e a v e . How do you keep your information current? The form below will ensure your information
is up-to-date. Please fill out the form below,
clip, and return it to CapEd. If you are set up
with online home banking, you may update
your information via the Internet. You can
also check your account information by
visiting our Member Services Department. CapEd Member Information
 Please update my contact information
Member #: ________________________________________________________
Name: ____________________________________________________________
Address: __________________________________________________________
City, State, ZIP: ____________________________________________________
Daytime Phone Number: ____________________________________________
Work Phone Number: _______________________________________________
Cell Phone Number: _________________________________________________
Email Address: _____________________________________________________
Signature: _________________________________________________________
­­
Clip & Return to: Capital Educators FCU, P.O. Box 570, Meridian, ID 83680-0570
6
THE CREDIT UNION IS AN EQUAL
HOUSING LENDER AND MAKES
ALL LOANS WITHOUT REGARD TO
RACE, COLOR, RELIGION, SEX OR
NATIONAL ORIGIN.
Our
Volunteers
Board of Directors
Dr. Larry Neznanski, Chair
Retired, Bishop Kelly High School
RuthAnn Benjamin, Vice Chair
Retired, Customer Support Mgr., BSU
Robert Rudkin, Treasurer
Retired, Boise School District
David Lawrence, Secretary
Retired, Meridian School District
Jane Buser
Director of Human Resources, BSU
Dr. Linda Clark
Superintendent,
Meridian Joint School District
Debra Hill
Retired, Meridian School District
David Marquart
Retired, Boise School District
James C. Reed
Retired, Boise School District
Toni Snider
Retired, Emmett School District
Alan Pritchett
Retired, Boise School District
Supervisory Committee
Barbara Olic-Hamilton, Chair
Retired, Boise School District
Mary Ann Jorden
Retired, Eugene, OR. Assoc. of Realtors
Dennis Luvaas
Retired, Boise School District
Joe Kelly
District Science Supervisor,
Meridian School District
Mike Horn
Retired, Meridian School District