January 2016
A Newsletter from Cleveland Heights Teachers Credit Union, Inc.
We Can Now Can Offer Mortgages to our Members!
Cleveland Heights Teachers Credit Union is always looking for the best ways to serve our members. In the spirit
of the credit union’s cooperative principles, we’ve recently developed a relationship with Ohio Educational Credit
Union, a neighboring credit union in Cleveland, to offer our members a variety of mortgage options. Whether
you’re a first-time home buyer or interested in refinancing your existing mortgage, call Shane directly and tell him
you’re from CHTCU and he’ll be happy to answer all of your questions. Take a look!
Choose from a wide range of mortgages to purchase
a home or refinance your existing mortgage.
As the OHecu Mortgage Loan Consultant, I highly recommend getting pre-qualified for your mortgage. It saves you
time and frustration, because you know what you can really afford. I’ll help you through the process and explain our
various programs including FHA, VA, USDA, and Conventional loans. So let me help you with all your mortgage needs.
OHecu offers:
• Streamlined Process
• On Time Closings
• Competitive Rates
• Low Lender Fees
• Member Focused—Not-for-Profit
• Membership is Easy*
We do business in accordance with
the Federal Fair Housing Law and
the Equal Credit Opportunity Act.
www.ohecu.com
• Fixed Rate Mortgages
Shane Hruby
• Adjustable Rate Mortgages (ARM)
Mortgage Loan Consultant—The Ohio Educational Credit Union
• FHA & VA Loans
Office: 216-621-6296 x3030
• USDA Rural Housing Loans
or 1-800-552-6328 x3030
• Purchase or Refinance Loans up to $417,000
Cell: 216-262-5164
• Investment Property Mortgages
Email: [email protected]
NMLS License: 890351
• First Time Home Buyer Program
Your deposits are insured
to $250,000 per account.
THIS INSTITUTION IS NOT FEDERALLY INSURED.
MEMBERS’ ACCOUNTS ARE NOT INSURED OR GUARANTEED BY
ANY GOVERNMENT OR GOVERNMENT-SPONSORED AGENCY
* Membership in The Ohio Educational Credit Union (OHecu) is open to alumni, students and employees of public and private educational systems within Ohio, individuals providing or engaged in an
educational service or activity (i.e. tutors, private music teachers), employees of OHecu and family members of existing OHecu members are eligible for membership.
80th Anniversary
L OA N SPE C I A L
Cleveland Heights Teachers Credit Union
is proud to celebrate 80 years of
serving our members!
In honor of this special occasion,
we’re offering our members a great
80th Anniversary Loan Special!
Qualified members can borrow
$1,000 at 12% APR* for 14 months,
and your monthly payment will be
only $80! Call or stop in to apply.
*Annual Percentage Rate. This offer ends February 29,
2016. *Annual Percentage Rate. Sample monthly payment
for a loan of $1,0000 at 12% APR for 14 months would be
approximately $80. All rates and promotions are subject
to end without notice.
Treat Yourself With a
Birthday Loan!
When your birthday rolls around, take
time to celebrate YOU! We offer
a Birthday Loan to help you do
just that. Come in anytime during
your birthday month, and apply for
up to $1,000 at 6.50% APR* with 12
months to repay the loan. You can
use the money any way you want, so
treat yourself to something special this
year - we made it easy.
*Annual Percentage Rate. Sample monthly payments for a $1,000 loan at 6.50% APR for a term of 12
months would be $86.28. Credit reports will not determine interest rate but will be used for debt ratio,
to determine current bankruptcy or garnishment and to establish loan limits. You will not be approved
if within the last year, your name appears on our delinquency list or you’ve had a past uncollectible
loan with us. All rates and promotions are subject to change without notice.
Annual Meeting Scheduled February 16th!
We’re inviting all members to our Annual Meeting at 4:00pm on
Tuesday, February 16 in the Heights High School cafeteria (formerly
Wiley Middle School). In the event of a snow day, the meeting will
be held on Wednesday, February 17. A short business meeting will
take place, and we will recognize our volunteers who help make
our credit union successful. All attendees in good standing with
CHTCU will have a chance in our random drawing of $1,400 in share
deposits! A special welcome to our newest director, M. Andrew
Bennekamper, who joined the board in December. He’s been a
teacher for 22 years and his first 15 were as a band director. He’s had
many roles in the district including union steward, BLT member, TAP
member and department liaison.
2016-2017
Board of Directors
•Gloria Black, President
•Dan McDonald, Vice President
•Ray Tindira, Secretary
•Andy Bennekamper, Director
•Polly Churchill, Director
•Kelvin Robinson, Director
•Josephine Shelton-Townes, Director
Audit Committee
•Robert Carey, Chair
•Mary Ann Moreno
•Ralph Sustar
Credit Committee
•Rebecca Townsend, Chair
•Sondra Clarke
•Stacey Walker
Let Us H.E.L.P. You with
FREE
Financial Seminars
At CHTCU, we’re here to serve
you, and we’re proud to offer a series
of FREE financial seminars. We asked
our membership how we could help, and
the result was H.E.L.P. (Host Educational
Learning Programs). Over 90 members
responded, and the winning response
came from Tina Bedrick, who received
a $25 gift card from Giant Eagle. We are
still working out the details for these FREE
seminars, which will start this spring. Watch
for more information in our upcoming
newsletters, or ask us the next time you visit
Cleveland Heights Teachers Credit Union!
We Earned an A+ On Our Exam
Every year, state regulators visit credit unions
to review their financial practices and examine the soundness and security of the financial
institution. We’re happy to announce that for
the second year in a row, CHTCU received a
“no findings” report from our examiners, which
means that everything is in order and there were
no practices or situations that needed to be
improved or changed. This means our financial
status is healthy, and our operation is in good standing! We’re also happy
to announce that we had a good year with our income, and were able to
triple our dividend rate in December. This is just one of the ways credit
unions give back to their members. In order to earn dividends, you must
maintain a $50 average daily balance in your share savings account. Thank
you for being a valued member of CHTCU!
PRIVACY POLICY NOTICE
Federal law requires us to tell you how we
collect, share, and protect your personal
information. Our privacy policy has not
changed and you may review our policy
and practices with respect to your personal
information on our website - www.chtcu.org
or we will mail you a free copy upon request if
you call the office - 216-371-2550.
Holiday Closings
Presidents’ Day • Monday, February 15
Good Friday • Friday, March 25
Memorial Day • Monday, May 30
Independence Day • Monday, July 4
Cleveland Heights Teachers Credit Union
14780 Superior Road
Cleveland Heights, Ohio 44118-2121
Phone: (216) 371-2550 • Fax: (216) 371-7406
E-mail: [email protected]
Credit Union
Spring Break Hours
March 28 - April 1
9:30am - 2:30pm
Office Hours:
9:30 a.m. – 4:00 p.m. (During the school year)
9:30 a.m. – 2:30 p.m.(Summer and vacation hours)
Appointment hours available
www.chtcu.org
Membership is open to all employees of the Cleveland Heights - University Heights Board of Education.
Family members of any current credit union member may also join Cleveland Heights Teachers Credit Union, Inc.