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| "Your Money at Work" Winter 2008 newsletter |
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“Your Money at Work Building God’s Kingdom”
Introducing our new tagline |
| Christian Community Credit Union is pleased to introduce a new way of expressing exactly what we do. Our new tagline, “Your Money at Work Building God’s Kingdom,” better expresses to our members and potential members what we do and why we do it—with great pride and satisfaction.
As you know, Christian Community Credit Union has been serving ministries, churches and their members for over 50 years. And through the years, the money that you and other members put in your accounts helps provide affordable financing to ministries, churches and their members.
The Credit Union has also donated more than $2 million to ministries through our “Cards that Give to Missions & Ministries” credit card program. Thanks to you, we continue to uphold our mission of partnering with members and ministries to help them become better stewards and achieve their financial goals. You make it happen.
Our goal was never simply to see buildings go up, membership grow or donations increase. Our efforts have always been based on our commitment to support ministries who spread the gospel across the country and around the world. “Your Money at Work Building God’s Kingdom” is a message that rings loud, clear and true, more than ever. Thank you for allowing us to be able to say it and share it.
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Crosspoint Chinese Church, CA |
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Your Money Making a Difference
Your deposits at the Credit Union make it possible for us to fund these Kingdom-building projects:
• Crosspoint Chinese Church Silicon Valley, Milpitas, CA - purchased a multi-use building for new sanctuary
• Christian Life International, Pascagoula, MS - purchased a single family residence for church use,
• renovations and children's playground Iglesia Bautista Camino Al Cielo, Los Angeles, CA - purchased
• a warehouse for new church planting
• Faith Baptist Church, Wildomar, CA - refinancing
• Carson Valley Christian Center, Minden, NV - purchased a single family residence for future staff housing
“Christian Community Credit Union is more than a banking institution.
It’s a ministry that promotes the Kingdom of God.”
German Galvez, Pastor
Iglesia Bautista Camino Al Cielo, Los Angeles, CA
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Money Matters from the Word
“And God will generously provide all you need. Then you will always have everything you need and plenty left over to share with others.” 2 Corinthians 9:8 (NLT) |
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Photo courtesy of Thousand Pines Christian Camp & Conference Center |
$40,000 Donated for Fire Disaster Relief
The Credit Union donated $40,000 toward disaster relief for the Southern California Fires and distributed the amount to Transformation Ministries, Foursquare International, Thousand Pines Christian Camp & Conference Center, Inland Empire Southern Baptist Association and American Baptist Churches of Los Angeles.
The amount came from “The Cards that Give to Missions & Ministries” program. |
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Financial Fitness Checklist for the New Year
Set financial goals - Think about what you really want to do with your money. Determine how much each of those financial goals will cost and divide that by the number of months you have to achieve them. That's the amount you'll need to set aside each month.
Develop a budget - Track monthly expenses and subtract the total from your income. If more is going out than coming in, reduce your spending or add to your income.
Establish a savings plan - Having a few months of essential living expenses in a liquid savings account provides stability and peace of mind. Make deposits into savings automatically by redirecting your direct deposits.
Review your retirement plan - Make the most of your income by contributing to a tax-deferred retirement plan. Don't miss out on compound interest, and if your employer matches your contributions, that’s free money for you!
Use credit wisely - Use credit to your advantage by only charging when you can afford to repay the balance in full. Use loans for goal achievement, such as starting a business, buying a home, or paying for an education.
Check your credit report - Access your credit reports from each of the three major credit bureaus, then review them for accuracy and dispute any incorrect items. Get a free copy of your credit report from annualcreditreport.com or call 877.322.8228.
Call 888.465.2227 to speak with a personal finance expert or visit balancepro.net/CCCU.
For an Automatic Savings Plan call 800.347.CCCU or download form at myCCCU.com/automaticsavings
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We've Reached Our 2007 Donation Goal!
As of December 2007: $230,000
2008 Donation Goal: $240,000 |
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Is it Time to Evaluate Your Mortgage?
Most of us take out a mortgage, and assume we're all set for years to come. But it is actually a good idea to evaluate your mortgage from time to time. With changes in your personal circumstances, fluctuations in interest rates, and shifts in the housing market, a review may be in order right now.
You might want to refinance if:
•You have an adjustable rate mortgage, and your rate has increased or will increase soon
•You want to save on finance charges by shortening your mortgage term
•You'd like to lower your monthly payment bylengthening your mortgage term
A “cash-out refinancing” may also be an option. This allows you to roll some equity into a new mortgage, providing cash for college tuition, home improvements or other expenses. While a home equity loan is also a great choice, refinancing may provide a lower rate and lower monthly payments.
If you are not sure how to weigh your choices, feel free to call us at 800.347.CCCU ext. 8003. Our mortgage experts will be happy to help you take a closer look at the costs and benefits of refinancing.
*APR = Annual Percentage Rate effective 12/10/07 rates, terms and conditions subject to change. Rate and APR based on loans up to $650,000 and approved credit. For refinance loans with cash out, the maximum loan-to-value ratio is 75%. 3-year reprice/call option on above rates and are subject to increase or decrease. Closing cost and 1.25 points are associated with this loan rate. One time membership fee of $5 will be added to your loan for new loan only members.
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51st Annual Meeting
March 8, 2008
Mark your calendar for the 51st Annual Meeting of Christian Community Credit Union on Saturday, March 8, 2008. The luncheon meeting will be held at the Knott's Berry Farm Resort Hotel in Buena Park, CA. For details, call 800.347.CCCU ext 6210. |
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Cut Your Energy Bills with an
Equity Credit Line as low as 6.75% APR* |
| New windows, extra insulation and an efficient heating and cooling system can increase your comfort, add to the value of your home and lower your energy costs all year long. Even smaller changes such as new Energy-Star appliances can make a big difference in your monthly utility bills.
An Equity Credit Line is a smart way to pay for this type of home improvement, because:
•You can make easy monthly payments with a rate as low as 6.75% APR*
•Your interest payments may be tax deductible.
•Consult your tax advisor to be sure.
•We offer generous credit limits, so you can tackle lots of projects at once!
Call 800.347.CCCU ext. 8003 or check our rates.
*APR = Annual Percentage Rate. Loan rate effective 01/01/08 and is subject to change without notice. Equity Credit Line is only available in select states. This is a line of credit secured by the equity in your home. The interest rate is variable and is based on the Wall Street Journal prime rate. The rate is adjustable monthly with a minimum interest rate of 3.50% APR and a maximum interest rate of 18.00% APR. Fees associated with this loan: Appraisal fee and title fee - varies; additional fees approximately $300; sufficient fire insurance is required and flood insurance if required. One time membership fee of $5 will be added to your loan for new loan only members. Estimated appraisal fee $400. A 1/4% deduction if your mortgage/1st Trust Deed is with the Credit Union.
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Staff Donates Toys and More Through Operation Christmas Child
Christian Community Credit Union's staff participated in Operation Christmas Child, a program that brings joy, hope and God's love to boys and girls around the world through gift-filled shoeboxes while focusing on the true meaning of Christmas—Jesus Christ. At the end of the campaign, the staff donated 147 shoeboxes filled with toys, school supplies, hygiene items, clothing and more. |
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Do You Control Your Finances, or Do Your Finances Control You?
Do you wonder how much money you should put aside, on a monthly or annual basis, to fund your children's college education? Are you planning for your dream home by the lake or a trip around the world, but feel unsure about how to make that dream a reality? What steps have you taken to secure a continuous income for your family, now and in the future?
If today's rapidly changing economic picture and frantic pace of everyday life has prevented you from effectively working toward achieving your most important financial goals, we are available to help you develop a plan for your financial future.
Our financial professionals can provide investment consultation in these areas:
• Asset allocation
• Tax reduction planning
• Annuities
• Mutual Funds
• Estate planning
• Stocks and bonds
To speak with a Financial Network Representative, call 800.930.3642 ext. 6127.
INVESTMENTS ARE NOT NCUSIF OR NCUA INSURED/ MAY LOSE VALUE/ NOT A DEPOSIT/ NO CREDIT UNION GUARANTEE/ NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY.
Securities offered through Financial Network Investment Corporation. Member SIPC. Financial Network is not affiliated with Christian Community Credit Union, 101 S. Barranca Ave., Covina, CA 91723.800.347.CCCU ext. 6127.
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APY=Annual Percentage Yield | APR=Annual Percentage Rate
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