Money Connection winter 2019

2 TurboTax $25,000 Sweepstakes Coca-Cola Credit Union Mobile App 3 3 Reasons to Refinance Your Home 4 What’s Up at CCCU? MONEY CONNECTION Coca-Cola Credit Union Quarterly Member Newsletter | Winter 2020 A MESSAGE FROM THE PRESIDENT Coca-Cola Credit Union had another great year in 2019! This would not have been possible without the patronage of our members, dedicated staff, Committee and Board members. 2019 marked two years after completion of our major computer & software enhancement. We’ve heard from many of you that banking with Coca-Cola Credit Union is now easier, faster and more efficient. Some of our most notable digital accomplishments in 2019 were: mobile check deposit and fraud alert enhancements, account alert notifications, updated transaction searches, and real-time online account opening, to name a few. We also experienced excellent financial success in 2019. This information is readily available on our website for you to review at your convenience. Did you know that credit unions were created over 100 years ago to offer everyday people a low-cost alternative to banks? When money was hard to come by, individuals began pooling their money together to make loans to one another. Thus, the credit union movement was born. Today, credit unions have evolved into full-service financial institutions, but our “people helping people” philosophy is still thriving—and our members are still saving money. There are many reasons why you need a credit union, here are our top five: 1. Service is our first priority. The credit union motto is, “Not for profit, not for charity, but for service.” According to a recent study by the Credit Union National Association, credit unions nationwide have ranked number one in consumer satisfaction for 21 years in a row. 2. You become part-owner of your credit union. Each member of a credit union has an equal share and an equal vote. You have the ability to direct policy to help meet the needs of the membership. 3. Credit unions are not-for-profit. With no stockholders waiting for their share of the profit, credit unions are able to return earnings to you through better rates, lower fees and improved services. 4. We’ve got lower fees. Most bank fees account for nearly one-third of their profit. Since credit unions were founded on the philosophy of “people helping people,” they strive to avoid feeing members for services when possible. 5. You’ll get competitive rates. Low loan rates and high dividend rates are commonplace at credit unions. That’s because we’re not here to make a profit, we’re here to serve our members. In addition to these benefits, most credit unions, including Coca-Cola Credit Union, operate as full-service financial institutions, offering their members the same services as banks, but without as many fees. So, consider Coca-Cola Credit Union for all of your financial needs—you’ve got a lot to gain. Wishing you good health, happiness, and success in the coming year and always. Happy New Year! Rob Hatefi, CCE President/CEO Rob Hatefi, CCE President/CEO