Member Member

PRSRT STD U.S. Postage PAID Lehigh Valley, PA Permit #550

Bulletin Board

financial services and resources for young adults

through direct deposit.

Columbus Day – Monday, October 14, 2013 Veterans’ Day – Monday, November 11, 2013

• Ensure the ATMs you choose

are well-lit at night, and you’re comfortable with your surroundings.

• When traveling, use your Century

Heritage debit or credit card instead of carrying cash.

• If you plan to be gone for an

• Sign up for eStatements and alerts

to monitor account information and watch for fraudulent activity.

• Regularly view your credit report at www.annualcreditreport.com.

• Change Passwords frequently. Try

extended period, stop your mail temporarily.

Thanksgiving – Thursday, November 28, 2013 Christmas – Wednesday, December 25, 2013

Look For

using more difficult alpha numeric combinations.

Skip A Payment This Summer KLA Member Auto Center Ask Connie New 24/7 Loan Application Approval And More!

700 Regis Avenue Pittsburgh, PA 15236-1425 Phone: 412-650-2600 1-800-232-0087 Fax: 412-650-3482 Open Monday thru Thursday 8:30 a.m. – 4:30 p.m. Friday 8:30 a.m. – 6:00 p.m. Saturday 9:00 a.m. – 12:00 noon

Century Heritage members have access to over 55,000 surcharge-free ATMs worldwide via the Allpoint Network. Wherever your summer adventure takes you, chances are, we’re already there.

Get In The Savings Habit Today When is the best time to start saving? As soon as possible! Just like every good habit, like nutrition and hygiene, savings habits are best started when you are young. Knowing to save your money is one of the most important skills you can develop as you grow up; you’ll develop the tools you’ll need to start your life off on solid financial footing. Here’s some advice to get you started: > Create A Budget – Even if you put only a few bucks a week aside, you’ll find that after a few months you have a little bit of savings. > Get Thrifty – Figure out ways to save money, such as carpooling with friends or making your lunch instead of buying it, and calculate how much you’ll save with each new habit. Your savings will add up! > Set A Goal – If there’s something you really want, figure out how much it will cost you, and set aside a certain amount of your money each month to save up for it. > Think Carefully About Getting A Credit Card – They may sound like free money at first, but you will have to make payments on the things you buy on credit. That can put a dent in your credit score later on in life, when it’s time to buy a car or a house. It’s easier to resist buying pricey items if you only use available cash.

Summer Safety Tips Play it cool this summer! Make sure to be safe when you’re playing outside so you avoid getting hurt – it’s no fun resting indoors when everyone else is out enjoying the sun. You can prevent injuries in many ways. Here are a few tips to keep in mind:

Visit www.chfcu.org or http://locator.allpoint network.com/AllpointMobile.aspx to view the locations near you.

Big Savings On Summer Fun! Buy your theme park admission tickets from Century Heritage – at a substantial discount – for more summer fun. Purchase your tickets at member-only pricing to Kennywood, Pittsburgh Zoo & Aquarium and AMC Theater. Call us for details or stop in to make your purchase.

New Mobile Banking will soon be available to all Century Heritage members. Just in time for summer, this great service lets you access your accounts seamlessly and make transactions in just seconds. Sign up for Online Banking, then download our free Mobile App – available for your iPhone® or Android® device.

Enjoy Easy Account Access Anytime

NEW!

Lending Associate Available 24/7

We now have your borrowing needs covered 24/7. To apply for a loan call 412-650-2600 and press 2 to be connected to a live CHFCU representative any time day or night.

Website: www.chfcu.org [email protected]

Kennywood FunDay Pass................................. $32.00

AMC Theater – Gold.......................................... $8.00 Silver......................................... $6.50

Edward Skweres Chairman William Barnett Vice Chairman William Buchanan Secretary Patrick Grandinetti Jack Proksa Alphonza Robertson Jack Soffa Donald Kapolka Stand-by-Director Robert Macus Stand-by-Director

®

• Always swim with an adult nearby.

A Publication Of Century Heritage Federal Credit Union

New Mobile Banking & Mobile App Available In July

Olympia Shopping Center 4313 Walnut Street McKeesport, PA 15132-6115 Phone: 412-751-2600 Fax: 412-751-3442 Open Monday thru Thursday 8:30 am – 4:30 pm Friday 8:30 a.m. – 6:00 p.m. Saturday 9:00 a.m. – 12:00 noon

Board Of Directors

Summer 2013

On-The-Go Mobile Access!

9 South Second Street Duquesne, PA 15110-1147 Phone: 412-466-2600 Fax: 412-466-3482 Open Monday thru Friday 8:30 a.m. – 4:30 p.m. Saturday 9:00 a.m. – 12:00 noon

Pittsburgh Zoo & Aquarium............................. $10.00

Member onnection

C

Branch Offices When You Need Cash

• Wear a helmet and other safety gear when biking, skating and skateboarding, and when riding scooters, all-terrain vehicles, and going horseback riding.

Main Office

You can also visit our website at www.chfcu.org to apply online.

700 Regis Avenue Pittsburgh, PA 15236-1425

• Have incoming deposits made

Independence Day – Thursday, July 4, 2013 Labor Day – Monday, September 2, 2013

Keep Your Money Safe This Summer Your safety and security are important to us. That’s why we work hard to ensure we have the latest security measures in place for all of your transactions. There are a number of tips you can follow for even greater protection against potential fraud.

2013 Holiday Closings

In This Issue

• Check Balances • Schedule Transfers • Make Payments • Get Alerts • Enjoy 24/7 Flexibility • Find Branch & ATM Locations Look for more information coming soon on our website at www.chfcu.org or call us with questions.

Need A Teller Transaction? Find Us At More Than 4,500 Shared Branch Locations Nationwide We offer easy account access at more than 4,500 locations nationwide. A unique arrangement between other credit unions, we call these locations “Shared Branches.” It’s a great way to access your accounts while traveling. You can withdraw funds or make deposits through the teller line at any participating location. When traveling, use Shared Branching as an alternative to traveler’s checks or carrying large amounts of cash. In case of an emergency, remember that the credit union staff at your nearest shared branch is ready to provide assistance. To conduct a transaction, simply provide the teller with the name of your credit union, your account number, the last four digits of your Social Security number, and valid photo identification. Take along Century Heritage on all your summer travels! Visit www.ShareIt.coop to locate a branch or call 800-919-CUSC (2872). You can also search “Find a Branch” on your smart phone to download a free locator app.

• Have your parents “spot” you when playing on an outdoor trampoline or playground equipment. If you’re bouncing on the trampoline, make sure only one person is on it at a time. 13-00354 6/13 Marketing Partners (888) 641-1215

Need A Vacation From Your Loan Payment?

Daytime Phone______________________________Email_______________________________

Please complete 412-650-3482or ormail mailtoto Please completethe theform formbelow below and and fax to 412-650-3482 700 Regis Pittsburgh, PA 15236 PA 15236 Century Heritage FCU,Avenue, 700 Regis Avenue, Pittsburgh,

Loan No.__________ Month(s) to skip: June_________ July_________ August_________ Loan No.__________ Month(s) to skip: June_________ July_________ August_________

Wondering Out Loud

at 412-650-2600 for more information.

Our summer Skip-A-Pay program is an easy way to free up funds for traveling, a special purchase, or to pay off bills. You can choose to skip your Century Heritage loan payment* in June, July, or August. The cost is just $35 per skip. To initiate your request, stop by the credit union, complete the form here, or visit www.chfcu.org to download our Skip-A-Payment form. *You may choose to skip one or two (consecutive) months. No Skip-A-Payment request will be processed without payment of the fee. Not all loan types are eligible (Mortgages, Home Equity Loans and Lines, and Credit Cards are excluded) and requests are subject to a credit report review. Please contact a Loan Officer at 412-650-2600 for more information.

Loan No.__________ Month(s) to skip: June__________ July_________ August_________

Dear Wondering,

By choosing to skip 1 or 2 loan payments during the month(s) of June, July, or August, I understand that interest will continue to accrue on the unpaid balance and the term of my loan will be extended beyond my initial contract date. I also understand that my payments are to resume in the month following the agreed skipped month(s). *Transfer payments will be stopped for the month(s) of the requested skip-a-pay.

Sales are starting to pick up and so are home values – but not everywhere. With a little legwork, you can get a feel for how your area is doing, even before you pick up the phone and call a realtor.

By signing below I understand the information above, received a copy of this form, and I agree to pay the appropriate fee once the request has been approved. *No Skip-A-Payment request will be processed without payment arrangements. I would like to pay my Skip-A-Pay request fee by (circle one): transfer from my account or check. Checks must be mailed in with form. Signature_________________________________________ Date_________________ For Credit Union Use Only Fee Paid - $35.00 for each loan/per month: Suffix

Suffix______ Suffix _____ _____

Lending Dept. Due Date Changes Completed By: ___________ Date:__________ Sfx ___

Due Date __________ Sfx___ Due Date__________

• Make comparisons with our loan calculators

•

Get pre-approved for peace-of-mind

4. Internet Sites – Realty sites like zillow.com, homes.com and realtor.com have interactive search engines to show properties for sale in your city and state – even your zip code. You’ll find maps that tell a bigger story of how much is for sale and asking prices. These tools are invaluable for starting your decision-making process. 5. For Sale Signs – Sounds simple, and it is, but are they plentiful in your neighborhood? Is there noticeable traffic with active buyers? It’s competition, yes, but that also means home values are edging up and consumer confidence is improving. My best advise is to stay engaged in your community and watch what’s happening in your neighborhood. This is good for starters, but consulting a qualified real estate agent should be your likely next step.

Editor’s Note: Members can “Ask Connie” questions about consumer finance by writing to: Ask Connie, Century Heritage FCU, 700 Regis Avenue, Pittsburgh, PA 15236. Or [email protected]

Braddock Transfers – Due Date Change Completed By: ___________Date:___________

Auto Lo ans

When you take advantage of the KLA Member Auto Center, you’ll save time and money on your next vehicle purchase. From Century Heritage financing to car pricing, this service offers you one-stop shopping for a better deal, exclusively for members.

rates and terms

3. Watch Classified Ads For Rentals – By keeping an eye on local real estate publications, you’ll learn to spot trends in rental prices. Typically, when mortgage lending is up and people are buying, rental costs go down. When mortgages are harder to come by, demand for rental property increases – and so do rents! If rent in your area is still high compared to other years, buyers may still not be ready or able to commit.

ESS Department – Payroll Changes Completed By:__________Date:__________

Build Your Car & The Loan. Negotiate Your Price.

• Get advice from trusted professionals • Search Century Heritage for the best

1. Building Permits – Local municipalities often provide statistics for recent building permits issued to developers and residential contractors. If start-ups seem flat compared to past years, that means inventories of homes already for sale are still plentiful. A spike in these permits may signal new demand for fresh opportunity. 2. Deed Transfer Notices – Like building permits, most local papers publish public records of real estate transactions. Your county will also have sales recorded online. Finding your area is easy. You can also find information to compare your home to others in your area and what the final sales price was.

Fee $______ Fee $______ Fee $______

Lender Signature__________________Approved________Disapproved______

KLA Member Auto Center

Finance

Dear Connie, My family is growing and we’d like to get a bigger home. I read about the improvement of real estate markets going on in 2013, but I’m not so sure. Is this a good time to sell my home and look for a new one?

* You may choose to skip 1 or 2 (consecutive) months. ** Not all loan types are eligible and requests are subject to a credit report review. Please contact a loan officer

Skip-A-Pay Is Here!

Calculating Your Retirement Needs

Ask Connie

SKIP-A-PAYMENT REQUEST FORM Name_____________________________________Account Number_______________________

Shop

• View used car listings • Use the ‘new car builder’ for the car you’ve always wanted

• Research new cars, including MSRP comparisons, options, and safety ratings

• Let our experts do the research

Rates A s Low

2.24%

As

APR*

Buy

• See our

listing of preferred dealers for your best price

• Obtain tips on price negotiation • Get history reports on used cars • See what your trade-in is worth

Verify Your Membership To Keep Saving With Sprint Century Heritage is pleased to offer monthly wireless discounts with the Sprint Credit Union Member Discount. Periodically, Sprint needs participants to verify eligibility so they can receive the discount and waive activation fees. If you plan to sign up for the Sprint Credit Union Member Discount, you’ll need to verify eligibility as well.

receive the exclusive savings that Sprint offers. There are two ways to validate your credit union membership:

New Sprint Customers: Please verify your membership within 30 days of activation.

Members can now verify credit union membership using the Invest in America app with its simple and secure verification process. iPhone users can find it at the Apple App Store while Android users can find the app in the Android Market – just search for “Invest in America.” This app also lists all other Invest in America discounts.

Current Sprint Customers: You need to provide proof of discount eligibility (credit union membership) when you upgrade your device if it has been 20 or more months since you were last validated. The verification process is easy, and will ensure you continue to

Get the best deal possible on your next vehicle purchase! Visit “Loans” at www.chfcu.org. *APR = Annual Percentage Rate. APRs shown are minimum offered APRs and include discounts based on LTV and maintenance of CHFCU checking account with direct deposit and loan autopay. Your rate may vary based on your credit history, LTV, and term. Approvals are subject to underwriting standards. APRs effective as of 6/1/2013 and are subject to change without notice. Call our lenders for details at 412-650-2600.

Scan to get the IIA App

• Scan the QR code on this page to get the free Invest In America App for Android or iPhone

• Find the verification form at mysprint.sprint.com/verify

Learn more about the Sprint Credit Union Member Discount at LoveMyCreditUnion.org/Sprint.

Provided by David Priore, Financial Advisor

When retirement was years away, calculating how much income you may need may have involved a lot of estimates. Now you can be more accurate. Consider the following factors: 1. The length of your retirement. The average 65-year-old man can expect to live about 17 more years; the average 65-year-old woman, 20 more years, according to the National Center for Health Statistics. Have you accounted for a retirement of 20 years or more? 2. Earned income. Working during retirement, even on a part-time basis, can reduce your need to tap retirement assets for ongoing living expenses. 3. Your retirement lifestyle. Your lifestyle will help determine how much income you’ll need to support yourself. A typical guideline is 60% to 80% of your final working year’s salary, but if you want to take luxury cruises or start a business, you may need 100% or more. 4. Health care costs and insurance. Most Americans are not eligible for Medicare until age 65, and even then, Medicare doesn’t cover everything. You can purchase Medigap supplemental insurance to cover some of the extras, but even Medigap does not pay for long-term custodial care, eyeglasses, hearing aids, and other ongoing essentials. For more on Medicare and health insurance, visit www.medicare.gov. 5. Inflation. Because the rate of inflation can vary over time, it’s a good idea to tack on an additional 4% each year to help compensate for increases in the cost of living.

Running The Numbers The next step is to identify potential income sources, including Social Security, pensions, and personal investments. Also review your asset allocation – namely, how you divide your portfolio among stocks, bonds, and cash.1 Are you

tempted to convert all of your assets to low-risk securities? Such a move may place your assets at risk of losing purchasing power due to inflation. You may live in retirement for a long time, so try to keep your portfolio working for you both now and in the future.

A New Phase Of Planning Once you’ve assessed your needs and income sources, it’s time to look at tapping your nest egg. First, determine a prudent withdrawal rate. A common approach is to liquidate a maximum of 5% of your principal each year in retirement; however, your income needs may differ. Next, you’ll need to decide when and how much to withdraw from your tax-deferred and taxable investments. Investors are required to take annual withdrawals from employer-sponsored retirement plans and traditional IRAs after age 70 1/2. Be aware that these withdrawals are subject to federal income tax.2 The advantage of maintaining tax-deferred investments for as long as possible is their ability to compound on a pre-tax basis and thus offer greater earning potential than their taxable counterparts. In contrast, long-term capital gains from the sale of taxable investments are currently taxed at a maximum of 15%.

Securities are offered through LPL Financial, member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates. The investment products sold through LPL Financial are not insured Century Heritage F.C.U. deposits and are not NCUA insured. These products are not obligations of Century Heritage F.C.U. and are not endorsed, recommended, or guaranteed by Century Heritage F.C.U. or any government agency. The value of the investment may fluctuate, the return on the investment is not guaranteed, and loss of principal is possible 1 Asset allocation does not assure a profit or protect against a loss in a declining market. 2 Withdrawals from tax-deferred accounts made prior to age 59 1/2 may be subject to an additional 10% penalty. In the case of employer-sponsored plans, there are special rules that apply to plan participants aged 55 and older who separate from service. © 2011 McGraw-Hill Financial Communications. All rights reserved.





Wondering Out Loud




Dear Wondering,




Suffix______ Suffix _____ _____




•





Auto Lo ans


rates and terms






Fee $______ Fee $______ Fee $______



Finance



Skip-A-Pay Is Here!


Ask Connie


Shop




Rates A s Low

2.24%

As

APR*

Buy

• See our























Wondering Out Loud




Dear Wondering,




Suffix______ Suffix _____ _____




•





Auto Lo ans


rates and terms






Fee $______ Fee $______ Fee $______



Finance



Skip-A-Pay Is Here!


Ask Connie


Shop




Rates A s Low

2.24%

As

APR*

Buy

• See our




















Bulletin Board















Look For











NEW!







®





Board Of Directors

Summer 2013




Member onnection

C



Main Office







In This Issue





Bulletin Board















Look For











NEW!







®





Board Of Directors

Summer 2013




Member onnection

C



Main Office







In This Issue


