Chatter
Spring 2008
Volume 44 Issue 1
3210 Eastern Boulevard
Canandaigua, NY 14424
(585) 394-2436
www.canandaiguafcu.com
Hours: Mon – Thurs 9-4
Fri. 9-6
Have you listened to the recent national housing dilemma?
As a result of that, many homeowners are fighting foreclosure. Sub prime lending is a nebulous concept
that is not always explained or understood properly. The Canandaigua Federal Credit Union is proud to
state that we are not an institution facing these financial losses. We would like to help those of you who
may be in this situation.
Our mortgage rates are fixed, (not variable), and offer a variety of terms to best suit your needs. Call us
for a personal appointment.
As we are all looking forward to spring, many of you may require some home improvements. With that in
mind, do not overlook you Credit Union’s Home Improvement Loan Special.
We cannot control the cost of fuel and energy. But, we can control the cost of owning a vehicle for
necessity or pleasure.
We have recently aligned our business relationship with Shepard Ford. We are offering a special rate for
new and pre-owned vehicles through March 31, 2008.
• Rates for new 2007-2008 vehicles: terms up to 72 mos., rates as low as 5.00% A.P.R.
• Rates for pre-owned 2006-2008 vehicles: terms up to 72 mos., rates as low as 5.50%A.P.R.
• Rates for pre-owned 2004-2005 vehicles: terms up to 60 mos., rates as low as 5.75%A.P.R.
We have also aligned our business relationship with Seager Marine, Ballantyne RV, and Soper Power
Sports for all your recreational needs. We are offering a special rate for your purchases with these dealers.
•
Rates for new: terms up to 36 mos., rates as low as 6.25% A.P.R.
terms 37-72 mos., rates as low as 6.50% A.P.R. over $10,000.
terms 73-96 mos., rates as low as 7.00% A.P.R. over $15,000.
terms 97-120 mos., rates as low as 7.50% A.P.R. over $20,000.
terms 121-240 mos., rates and terms available
•
Rates for pre-owned: rates start as low as 1% higher than the rates listed above per category.
Do the affects of your holiday spending have your credit lines “MAXED OUT”?
Our debt consolidation loan is back by popular demand.
Borrow up to $10,000 up to 36 mos. with rates as low as 9.99% A.P.R. or
up to 18 mos. with rates as low as 8.00% A.P.R.
ARE YOU LOOKING FOR A HIGHER GUARANTEED RETURN ON YOUR
INVESTMENTS THAT IS INSURED?
Interest rates industry-wide have dropped. This trend appears to be typical in this economic
climate. However, rates have remained consistent at Canandaigua Federal Credit Union.
Please take note … We have changed our minimum deposit requirement for our
certificates. Our minimum deposit required DROPPED from $2,000 to $100.
Look at our rates …
What is your current investment portfolio currently paying you?
SHARE AND SHARE CERTIFICATE RATES
NEW MONEY CERTIFICATE SPECIAL – MINIMUM $5000, TERM 11 MONTHS, RATE 5.10%APR.
Shares
Share Certificates: Months
Min. $100.00
3
6
12
24
30
36
48
60
Precious Person
No Min.
12
RATE
.60%
APY
.60%
3.00%
3.25%
3.65%
4.05%
4.15%
4.40%
4.75%
5.00%
3.00%
3.25%
3.65%
4.05%
4.15%
4.40%
4.75%
5.00%
3.75%
3.75%
FULL SERVICE MEMBERS
RATE
APY
.60%
.60%
3.25%
3.50%
3.90%
4.30%
4.40%
4.65%
5.00%
5.25%
3.25%
3.50%
3.90%
4.30%
4.40%
4.65%
5.00%
5.25%
You have until April 15th 2008 to make your 2007 IRA contribution. Please take note that
our IRA rates are the same as share and CD rates listed above.
We offer the following IRA products:
o Traditional
o Roth
o Educational
MEMBER NEWS:
Welcome Home: Kyle Hildebrandt, home from Iraq, stationed in Texas.
Anniversaries: Happy 62nd Wedding Anniversary to Mr. & Mrs. Merwin Clark, and Happy belated 55th
Wedding Anniversary to Mr. & Mrs. Ralph Stilwell. Congratulations on these wonderful milestones!
Sympathy: Sympathy goes out to:
Barb Langdon for the loss of her mother.
The family of Thomas Scales for his loss.
Cathy Stanton on the loss of her brother.
Rachel Bement and her family for the loss of her mother-in-law.
We welcome any family news you would like to share with our members.
Feel free to inform us with any updates you have.
The CEO’s Corner
CEO Corner by Barry Stilwell:
Parents, young adults, and children:
Did you know that there is a new show on television called
“Biz Kid$”? This show has been underwritten by Credit Unions
of America, for American Public Television. Introduced in January
2008 to public TV, this is a new TV series that shows YOU how to make and manage money. You can
access more information about this show online at http://www.bizkids.com . You can also view some of
the highlights of the first several episodes that have either aired and or about to air. From what I have
seen of the episodes the series looks very informative and helpful to everyone.
I would also like to mention that Deedee Fitzgerald is no longer acting as a Member Service
Representative. She has been placed in Specialized Services that deal with more of the Back Office
Operations with-in the Credit Union. Deedee is directly assisting me on General Ledger Reconciliation
work, Administering IRA’s and Student Loan activities. Please help me by going to the Member Service
Representatives to answer and assist you in your normal everyday needs. If your situation needs to be
handled by Deedee, with issues in regards to IRA’s and Student Loans, you may schedule an appointment
to meet with her at a future date.
Take a trip over to the Canandaigua Academy Library located at 435 East Street in Canandaigua
NY. Coming soon, the Canandaigua FCU is sponsoring 9 magazines in a new rack for the Library.
Within the next few weeks, look for the new tan rack with the green binders holding 9 new selections of
magazines for your pleasure. We have committed for the next 2 years, to keep the issues current for each
of these magazines, for your enjoyment. We would appreciate your feed back on our new venture with
the Canandaigua Academy Library.
Lastly, I want to thank each of you for allowing Canandaigua FCU to serve your needs. We take
great pride in the service we offer our membership. Your feed back is important to me. If you have any
questions, comments, thoughts, or concerns, please do not hesitate to contact me. My door is always
open. I look forward to meeting all the members.
PRSRT STD
U.S. Postage
PAID
Canandaigua, NY
Permit No. 97
TO THE MEMBERS AT:
3210 Eastern Boulevard
Canandaigua, NY 14424
(585) 394-2436
www. canandaiguafcu.com
Hours: Mon – Thurs 9-4 Fri. 9-6
As a Result of the Annual Meeting
Effective January 1, 2008
Board of Directors
Sam DeSalvo, Board President
Nancy Hurlburt, Board Vice President
Stephen Holmes, Board Treasurer
Mary-Martha Harvey, Board Secretary
Doug Forgue, Board Member
Barbara Landon, Board Member
Richard Onze, Board Member
Henry Roenke, Board Member
John Zappia, Board Member
Staff
Barry Stilwell, CEO/Manager; ext. 300
Charlene McQuaid Member Services Manager ext. 301
Deirdre C. Fitzgerald, Operations Manager; ext.307
Donna A. Parsons, Head Teller; ext. 303,
Rachel Bement Member Services Rep.; ext. 304
Cathy Stanton, Member Services Rep.; ext. 309
Kim Gridley, Member Services Rep., ext. 304
Canandaigua FCU Visa®
Visa Gift Cards:
9.99% A.P.R. Fixed
CLOSING DATES:
Monday, President’s Day
2/18/08
Monday, Memorial Day
5/26/08
Friday, Independence Day
7/4/08
Monday, Labor Day
9/1/08
Monday, Columbus Day 10/13/08
Tuesday, Veteran’s Day
11/11/08
Thursday, Thanksgiving
11/27/08
Wednesday, Christmas Eve Closed @
noon 12/24/08
Thursday, Christmas Day 12/25/08
Thursday, New Years Day 1/01/09
$3.95 per card
Personalize your card for $1.00 more by logging onto
www. canandaiguafcu.com
Look for the Liberty Gift card link.
Privacy Policy | Billing Rights
We operate in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.
Your savings federally insured to $100,000. NCUA is a US government agency.
Contact a Member Service Representative if you have a question about your account.
Contact the Supervisory Committee if you think your statement or transaction incorrect.