Saco Valley CREDIT UNION COMMON CENTS Your Pathway to Financial Success · Fall 2014 Dear Members, As usual, from time to time during the months after our last newsletter, I reflect on what I will write to you about in our next newsletter…this time was no exception. Lo and behold, our financial position at the end of August provided me with the perfect topic. You see, we ended the month with over 100 MILLION DOLLARS in assets! Congratulations to you, our directors, volunteers and staff. After working for Saco Valley Credit Union for thirty years you would think I wouldn’t get excited by news of our growth…but I am very excited by the news. When I first arrived at Saco Valley Credit Union in 1984 we were 4 million dollars in assets. I take great pride in knowing we are still growing and financially sound. So when I screamed loudly enough that I almost broke EVP/COO Paul Sullivan’s ear drums (according to him… everyone knows I’m basically quiet); I felt no shame in acting like a kid in a candy store. It is no small feat to show a positive bottom line each and every month year after year. It takes an aggressive lending team, great member service reps, trustworthy accounting staff, exceptional operational support staff and a dedicated, involved Board of Directors. Support from our loyal members and volunteers is of utmost importance and I value and cherish it. Love Story Congratulations to Matt and Theresa! They became Mr. & Mrs. on Saturday, September 13th. Best Wishes to you both on a happy marriage. For without your continued belief and trust in us, we would cease to exist. It is a privilege to see what we have accomplished together over the years…enabling children to go to college, helping members build the homes of their dreams, offering rates on savings and loan products to you that are second to none, helping members take much deserved vacations, have magical weddings, drive vehicles they dream of, improve their homes, buy vacation homes, save for retirement, have children and achieve many other financial goals by working together. For all of this, and thousands of other reasons, I feel very privileged to have served as your President/CEO for so many years. It has been a source of great joy for me, in spite of the many economic challenges we have faced. This month is National Credit Union Week and we will celebrate with all of you in the wonderful knowledge that Credit Unions are owned by you, our members, and we are truly living the philosophy of “People Helping People;” especially at Saco Valley Credit Union. Thank all of you for making Saco Valley Credit Union so successful and for being part of our continually growing family! Fondly, Carrie Loan Specials Fuel Assistance Christmas Loans Stay warm this winter with a fuel assistance loan from Saco Valley CU!! Don’t max out your credit cards to get your Christmas shopping done! Come see us for a Christmas loan at Borrow up to $4,000.00 for 12 months at the unbelievably low rate of 3.9%APR* Keep fuel in the tank without having to break the bank for each fill up. Saco Valley CU is here for you! Borrowing $4,000 with a minimum annual percentage rate of 3.9% would result in a monthly payment of $342.53 for 12 months. 3.9%APR* You can borrow up to $3,000.00 for 12 months beginning October 1st and get your shopping done early this year! Auto Loans As always we offer the lowest Auto Loan rates around! Finance your new or used vehicle up to 72 months at a rate as low as 2.99%APR* Come see Matt or Sean in Saco; Debbie, Dave or Marissa in Waterboro and get pre-approved today! Borrowing $3,000 with a minimum annual percentage rate of 3.9% would result in a monthly payment of $257.44 for 12 months. *Annual Percentage Rate. Interest rates are based on credit qualifications. People Helping People During the month of May the staff engaged in the Credit Union philosophy of “People Helping People.” We donated a total of $5,370.13 to local food pantries including: The Saco Food Pantry, Bon Apetit, The Milestone Foundation, United Baptist Church and The Maine Way, Inc. These funds were raised with the generous help of our members and staff by doing various fundraisers throughout the year. Bakers Needed! School is in Session Our annual bake sale will be held on Friday, November 21st and Saturday, November 22nd. We love having you create delicious goodies for us to sell and to eat!! Please contact Kelly or Annette if you would like to bake for this successful event. Members from Catholic Financial Life Chapter N160 will be once again joining us and will be matching the funds we raise up to $500.00! All proceeds from the bake sale will benefit Special Olympics Maine. Attention all students…..now that school is back in session, please remember we pay for good grades. All A’s earn you $10.00 and A’s & B’s earn you $5.00. After the school year is over we hold our drawing for the grand prize of $250.00 on September 1st. Congratulations to this year’s winner, Samantha Benson. All seniors and college students please remember to ask us for a scholarship application. Scholarship applications are due back on March 31, 2015. We would like to share a thank you note from one of our 2014 scholarship winners. Our Very Own Softball Team Wins Big! Saco Valley CU’s Men’s Softball team is the 2014 Biddeford League Champions! Congratulations!! “Board of Directors at Saco Valley, Thank you so much for choosing me for one of the $250 scholarships this year. I have received a scholarship reward the past 2 years as well, and every year it has proved to be a great blessing, a huge help in paying the expenses that go along with being a college student. This year is especially a blessing. I spent 2 months of my summer participating in a mission team in Australia. There, I was able to help various missionaries, churches, schools, and a youth camp. I learned so much while on the mission team and am extremely thankful that the Lord saw fit to give me that experience. In addition to having to trust the Lord for financial support in getting there, I also had to trust that he would provide for my schooling when I returned. This scholarship is part of the answer to my prayers, and will be a great help in purchasing my textbooks for next semester. Thank you again! Sincerely, Savanah Maskell” You Could Win $50.00 Just for Reading this Newsletter! Matt Rossignol holding the 2014 trophy Did you know that we are offering the chance to win $50.00 in cash? All you need to do is read the articles from this newsletter and then correctly answer the question below to be entered in our drawing. All entries must be received by November 28, 2014. Entries can be sent by mail or dropped off at one of our branches. Send this form to: Saco Valley Credit Union, P. O. Box 740, Saco, ME 04072. Question: At the end of August, we went over ______ dollars in assets? Answer: ________________________________ Member: _______________________________ Phone # __________________ Address: ________________________________________________________ Summer newsletter winner was Jonathan Breard. Being Thankful Team photo after the championship game. Our very own Sean Ready is pictured front row center. I’m thankful for having such a nice family, a roof over my head, and a meal on my plate.” Samantha Fickett’s, age 11, response to the Summer newsletter question, “What are you thankful for?”. Mobile Banking Saco Valley CREDIT UNION Main Office 312 Main Street Saco, ME 04072 207-282-6169 Fax 207-282-1601 Toll Free (in Maine) 1-888-282-6169 Toll Free: 1-877-960-2274 Branch Office 500 Main Street Saco, ME 04072 207-286-3638 Fax 207-282-3126 Waterboro Office 860 Main Street Waterboro, ME 04087 207-247-6000 Fax 207-247-2805 www.sacovalley.org Holiday Closings Columbus Day Monday, October 13 Veteran’s Day Tuesday, November 11 Thanksgiving Day Thursday, November 27 Christmas Day Thursday, December 25 New Year’s Day Thursday, January 1 Upcoming Events October 19th Bingo Benefit for Ending Hunger in Maine November 21st & 22nd Bake Sale Benefit for Special Olympics in Maine Federally Insured by NCUA Access your account through a downloadable app for your smart phone or tablet, your mobile phone with internet, or text messaging. Mobile Banking is available to anyone currently enrolled in our Online Banking service. Enroll in Mobile Banking today! The Winner of our Mobile Banking Summer Promotion was Darren Cyr ($500.00). Congratulations!! Other winners include: George Pelletier, Steve Paquette, and Timothy Spear ($100.00 each). Also, Paperless Promotion Winners: Marjorie Fisher and Diane Pepin ($100.00 each). Mobile Banking Summer Promotion Winner: Darren Cyr Christmas Clubs Now is the time to start saving for the 2015 holiday season. The new savings year for our Christmas clubs began the first week of October; however, you can open one anytime! Please see a member service representative to open yours today! Important Reminders Please take time to update your personal information for our records. This includes; addresses, phone numbers, and employment information. You should also take the time to verify the beneficiary information listed on your account to be certain it is correct. Please ask a member service representative to take your picture for your account profile. This is always a useful tool to have with identity theft on the rise. It will only take a minute of your time and we will be happy to assist you with these changes. Holiday Donations During the holiday season we “adopt” families in need. At Thanksgiving we fill large baskets with food and a turkey of course. At Christmas we make sure children receive what they are truly hoping for. If you are interested in helping an “adopted” family, please see Theresa or Marcia for more details. Winner Winner Spaghetti Dinner! On Thursday, September 18th we held our annual spaghetti dinner at the Rochambeau Club in Biddeford. All the funds raised from the dinner event, $620.00, benefited both Special Olympics Maine and Ending Hunger in Maine. Everyone had a delicious time! Volunteering starts at any age
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