J U L Y 2 0 0 3 Congratulations! Credit unions invest in the future by supporting area academic and sporting events. Each year, Cloverbelt awards six to ten $400 scholarships to outstanding high schools seniors from the area who plan to attend a four-year college or university or a two-year technical college or trade school. Scholarship winners are selected based on their academic achievement, school and community involvement, work experience, and education and career goals. To qualify as a scholarship candidate, applicants, their parents or their grandparents, must have at least a six months membership in good standing with the credit union. Please join us in congratulating this year’s scholarship winners. We wish them all the best. Scholarship winners pictured with CCU president Paul Chittum left to right, Back row: Justin McGivern (West), Scott Chittum (Mosinee). Middle row: Chelsea Klemm (West), Dan Kwarciany (West), Chelsey Imm (West). Front row: Rachel Radtke (Everest), Ashley Spanbauer (East). Not pictured are scholarship winners Robyn Harm (Everest), DeAnna Dertz (Newman), and Stephanie Peterson (Wittenberg-Birnamwood). P R E S I D E N T ’ S M E S S A G E About 3 years ago, credit unions throughout the nation began an effort called Project Differentiation. The idea was to have credit unions participate by creating a written document explaining the ways their credit union was uniquely different from other types of financial institutions. I have always believed that hometown and regional banks are a much-needed part of every community. What is important to note, however, is that a credit union, such as CCU, is not just a smaller version of these banks. Not at all! Although CCU offers nearly all of the same services, the credit union remains uniquely different in several very fundamental ways. Although I want to point out some differences, it is not my intention to criticize banks, but simply to note the philosophical and structural differences between credit unions and banks. Banks can be privately-owned. They can be community banks owned by investors, or publicly-owned by shareholders of the bank stock. Comparatively, credit unions are member-owned cooperatives governed by a board of directors elected by the members. How does this affect you as a CCU member? As not-for-profit cooperatives, credit unions’ earnings are returned to members in the form of more competitive rates in deposit accounts and loans, lower fees, and improved services. Privately owned or publicly-held banks operate with the motivation to increase the value of the stock and pay higher dividends for the benefit of the private owners or public stockholders. This may come at the expense of depositors through less favorable rates and higher fees. Serving our members with great rates is one of the many benefits we provide. Another is dedication to community service. The credit union philosophy of “People Helping People” benefits both our members and the community at large. I am very proud of our Employee Volunteer Program. Under the direction of long-time employee Kathy Jansen, CCU's dedicated staff has always taken a leadership role, contributing both time and money to a wide variety of charitable organizations. Cloverbelt Credit Union has served our community for nearly 70 years. I could continue to write more, but the articles in our newsletter will provide you with additional examples of how CCU is uniquely different and always working harder for you. No matter what your financial need, let us show you how being a CCU member makes a big difference. C C U G R E AT R AT E S Vehicle Loan Rates as low as New & Used (2002-2004) up to 48 months 60 months Used (1998 & older) 36 months 60 months Unsecured APR 3.99% 4.50% 4.75% 5.25% 9.95% Mortgage Loan Rates 1st Mortgage owner occupied* 60 month Balloon 120 month Balloon 1st Mortgage land only 36 months Construction 2nd Mortgage GET PRE-APPROVAL FIRST! Thinking of purchasing a new or used vehicle? Why not take a few moments and get pre-approved for your loan before you start shopping? Pre-approval is quick and easy. Apply over the phone or on-line. A CCU lender will then advise you of the amount you're qualified to borrow. Pre-approval is great! It saves you time and disappointment. So apply today and start shopping. When you find the right vehicle, at the right price just tell the dealer "I'm pre-qualified with a great rate at CCU!" and give us a call to complete the loan process. Another "BIG Difference" Benefi t 5.50% 6.25% 7.25% 5.25% 7.00% Many lenders will typically charge a higher rate of interest for used vehicles. But not CCU! Our philosophy is to reward thriftiness by offering 2002 and newer used vehicles at the same rate as a new 2004 vehicle. Great Rates on used vehicles! One of the "BIG Difference" benefits of being a CCU member. *May be amortized over 25 years Certificate Rates APY** $2500 1 month $2500 6 month $10,000 6 month $500 12 month $1000 12 month $5000 12 month $5000 15 month $1000 18 month $5000 21 month $1000 24 month $1000 30 month $1000 36 month $1000 48 month $1000 60 month 1.36% 1.70% 1.91% 1.50% 1.75% 2.17% 2.25% 2.25% 2.50% 2.50% 2.75% 3.20% 3.35% 3.80% Drive Home With a Great Rate! 4. 50%* A.P.R. up to 60 months cars, trucks, SUVs, RVs, motorcycles, boats, and 4-wheelers too! **Annual Percentage Yield. A penalty may be imposed for early withdrawal. All rates as of 06/19/03 CCU’s Great Service makes obtaining your loan easy. Call Kelly, Jenny or Josh at 842-5693. Or call Sue or Yvonne at the Southside office at 359-3080. From outside the Wausau area call toll free 1-866-214-1395. Apply on-line at www.ccuwausau.com CCU is the area’s #1 lender for vehicle loans. Our Great Rates save you money. Don’t delay, call today! * to qualified credit. Kelly A. Campbell VICE PRESIDENT LOAN DEPARTMENT MANAGER NEW FULL-SERVICE WESTSIDE OFFICE TO OPEN JULY 21 After nearly 10 years of serving members as a drive-up only facility, CCU’s Westside Office 625 S. 24th Avenue CCU’s new and improved full-service Wausau office on the Westside will soon be Phone: 842-1309 open. Construction is in the final phas- Fax: 842-7045 es and if all continues on schedule the new office will open for business Monday, July 21, 2003. Staffed with six full-time employees – some of them familiar faces from our main office on the Eastside– the new facility will provide a complete menu of services. There is a beautiful new lobby with a full-service teller line, a membership services consultant, a loan officer, and in the very near future the services of a professional financial planner will be available to all CCU members. Mortgage and construction loans will continue to be serviced by Jeff, Dale and Mary at the CCU Mortgage Center, 813 N. 2nd Street just kitty-corner from our Eastside office. As Cloverbelt continues to grow we are able to provide our members with expanded banking services and conveniences. The Westside office drive–up service will now include Saturday morning hours from 9 a.m. to 12 noon, and FREE 24/7 ATM access for our members. We invite you to stop in, take a look around and say hello. As always, we welcome your comments and suggestions. CCU Westside staff (left to right): Danielle Becker, Mary Yang, Kathy Klockziem, Lynn Fremming, Kim Rhyner, Monica Bogen, Julie Hutchison, Crystal Voigt CCU SELLING DISCOUNT TICKETS CCU is again selling discount tickets to several popular summer attractions. You may purchase tickets at any CCU location. Great America (54”) . . . . . . . . . . . . . . . .$31.00 Milwaukee Zoo Adult (age 13+) . . . . . . . . . . . . . . . . . . .$7.75 Child (age 3-12) . . . . . . . . . . . . . . . . . .$4.50 Noah’s Ark (age 3+) . . . . . . . . . . . . . . . . .$22.00 Rainbow Falls (age 3+) . . . . . . . . . . . . . . .$13.50 CREDIT UNION NIGHT AT THE BALLPARK Wednesday, July 23 is “Credit Union Night at the Ballpark” as the Wisconsin Woodchucks play the Rochester (MN) Honkers at Athletic Park in Wausau. Game time is 7:05 pm. RELAY FOR LIFE For the 4th year in a row, a team of CCU employees participated in the Relay for Life,TM a fundraising event supporting the TM American Cancer Society. This year’s event was held June 13 and 14 at John Muir Middle School in Wausau. Team members took turns walking on the track continuously throughout the 17hour event. Team CCU raised over $2,700 through collected donations and the sale of gift baskets and other items in our lobby. Thank you to those members who bought a basket or made a donation to this very worthy cause. Over $1000 in prizes will be given away during the game, and the first 1000 adults and 500 children through the gate will also receive a free gift. “Credit Union Night at the Ballpark” is always a popular family event. Last year nearly 4000 members attended. Free admission tickets are available at any CCU office. “Credit Union Night at the Ballpark” is sponsored by the Wisconsin Valley Credit Union Chapter. FOR SALE! Soon, members will be able to post items for sale on our website at no charge. A special “Member Classifieds” page will be added to the website at the end of July. Items for sale will be posted for one month or until the item is sold, whichever comes first. Only general merchandise will be accepted. CCU reserves the right to reject any ad we feel is inappropriate and we will not accept responsibility for the terms or conditions of the items sold. Lending support to the CCU team at the Relay for Life was CCU's Eastside office teller Debbie Guillaume (center), and her daughters Kayleigh (left) and Ashleigh (right). For more information about our website’s “Member Classifieds,” watch the home page at www.ccuwausau.com. EASTSIDE 110 McIndoe Street Wausau 842-5693 M-TH FRIDAY SATURDAY Lobby 8:30-4:30 8:30-6:00 Closed Drive-Up 8:30-5:00 8:30-6:00 9:00-12 noon SOUTHSIDE 5906 Business 51 Weston 359-3080 WESTSIDE 625 S. 24th Avenue Wausau 842-1309 MORTGAGE CENTER 813 N. 2nd Street Wausau www.ccuwausau.com CCU will be closed on Friday and Saturday, July 4th, and 5th, in observance of Independance Day. 843-4663 Clip and save for handy reference.