Shake Your( member · an annuity is a long term investment. the investment in a CD is insured by the fereal government either through FDiC or nCua. the investment in an annuity is

winter 2018

member

FOR AS LONG AS IT TAKES those balances to melt away!

Visa Rewards. APR is based on your creditworthiness. This APR will vary with the market based on the Prime Rate. Earn 1 Reward Point per $1 purchased on your Visa Rewards Credit Card. Double points earned on purchases of gas and groceries. Receive 1,000 bonus points after you spend $500 on purchases in the first 60 days from account opening. Maximum points per calendar year is 150,000. Points expire after five (5) years. †4.99% APR introductory balance transfer rate for the lifetime of the balance on transfers made between January 2, 2018 – March 30, 2018. After that, your then current APR for balance transfers applies, currently 11.99% - 18.00% APR. Interest rates applicable to new purchases or cash advances and for prior balances remain unchanged at your current APR currently 11.99% - 18.00% APR.

Visa Platinum†. 4.99% APR introductory balance transfer rate for the lifetime of the balance on transfers made between January 2, 2018 – March 30, 2018. After that, the APR for any new balance transfers will be 9.90% APR. Interest rates applicable to new purchases or cash advances and for prior balances remain unchanged at 9.90% APR.

Visa Rewards and Platinum balance transfers are treated as cash advances so interest accrues from the date the transfer is posted to your account. The balance transfer fee will be waived during this promotional period of time, January 2, 2018 – March 30, 2018. Balance transfers of other Catholic Federal Credit union credit cards, loans, and/or lines of credit are not eligible. Please note if you don’t pay the entire balance for the billing cycle by the payment due date, the purchase amount that is not paid is subject to interest calculated from the date of purchase (or the first day of the current billing cycle, whichever is later), and you will lose the grace period in the current and future billing cycles for all new purchases until the entire balance is paid in full. All transactions subject to credit approval. All rates and offers subject to change.

Carrying a BIG Balance? Move it to lose it!Carrying a BIG Balance? Move it to lose it!

Carrying a BIG Balance? Move it to lose it!Move those balances over to a Catholic Federal Visa and we’ll help you get off the minimum payment treadmill. there are no balance transfer fees during the promotional period, and you’ll enjoy a super-low rate of just:

Before you know it that flabby old debt should disappear, and you’ll enjoy a healthy, flexible budget again. So, MOVE IT TO LOSE IT today!

Getting started is strictly no sweat — apply online, stop by any Catholic Federal location or give us a call at (800) 798-2328.

www.cathfcu.com/moveitMove it to lose it! 4.99 * until it’s gone.

Shake Your Shamrock!

The Bay area runnerS CluB45th annual St Patrick’s races, Bay City

iriSh DouBle, 8k run, 5k run, 5k walkSunday, March 18, 2018

Catholic Federal is proud to be back as the presenting sponsor of this community event that matches the credit union philosophy of “People helping People.” last year the race raised over $23,000, which was donated back to worthy organizations like the Boys and Girls Club of the Great lakes Bay region, myteam triumph, Good Samaritan rescue Mission and Safe harbor kitchen.

Get $5 off your race registration by using the code: CFCu18

register online at www.cathfcu.com.

CONSTRuCTION & HOME FINANCING LOANBuild and finance simply with a construction loan. You get money to build your home with the option to modify it for permanent financing when your home is finished.

up to 95% project cost financing

Interest only payments during construction

For more information, call (800) 798-2328 ext. 159.

Loan products subject to credit approval. Other terms, conditions, restrictions & fees may apply.

PreSIDenT’S MeSSaGehappy New Year!

i hope your holiday season was well spent with loved ones and you had the opportunity to slow down and reflect on the true meaning of Christmas. this coming year let us not miss the opportunities we have to help those less fortunate and give thanks for the many blessings in our lives. our goals for the new Year will remain focused on improving the lives of our members and

their communities. and in this next year, we expect to serve even more people.

it is a very busy time at Catholic Federal working to help you achieve your goals. there will be opportunities to save money by refinancing loans from other banks & credit unions. technology will continue to be upgraded to enhance your interactions with us. we also expect to add the eMV chip to new Debit Cards.

if you are looking for a mortgage think of us first and do not wait too long. there is a great deal of talk in the industry of mortgage rates going up in 2018, so if you are on the fence; now is the time to make that move into a new home. we also have many options for home equity and construction loans.

our annual Membership Meeting is just around the corner and this year’s meeting will again be held in Bay City on March 3rd. with Catholic Federal’s field of membership covering the 11 counties in the Diocese of Saginaw, it is important we reach beyond Saginaw with this special event as we do for other community events. we expect it will be a huge success and look forward to seeing those of you who attend.

thank you for your membership!

Alan

Congratulations Penny Mitchell 2017 DeBorah L. FrISCh eMPLoYee oF The YearPenny Mitchell was chosen as the 2017 Deborah l. Frisch employee of the Year. annually, CFCu management staff selects one employee that has displayed exceptional work performance, service to the membership and dedication to the credit union goals.

“CFCu Management and our Board of Directors are very pleased to see Penny Mitchell honored as this year’s Deborah l. Frisch employee of the Year,” stated alan watson, President/Ceo. “Penny works very hard to live our service mission to our members and is selfless in her approach to teamwork to make sure the work gets done! Penny has been here long enough to have worked with our dear friend Deb, and i know she would have been proud of our acknowledging Penny’s achievements with this prestigious award.”

“i work with so many deserving people who go above and beyond every day,” said Penny Mitchell. “Deb left behind such a lasting legacy; she is missed everyday by those who worked with her and it is an honor to receive this recognition.”

Penny has been employed at Catholic Federal for 18 years and is currently a specialist in the credit union’s accounting department.

AMP MEMBERS!Starting February 1, 2018; after 10 deposits are made into your aMP (for members age 13 – 17) account with your frequent deposit card, you will receive your choice of a CFCu prize item. Movie passes will no longer be available as a selection as of February 1, 2018.

WHy ARE WE MAKING THIS CHANGE?with the current aMP deposit cards, there is a $10 minimum deposit to receive a punch. Starting February 1st, there will be no minimum deposit requirement to receive a punch. this will better accommodate our members age 13 – 17 who may be unable to make a $10 deposit each time they visit the credit union.

this will also allow a variety of items to choose from when a member fills their card. we heard from some of our aMP members & parents who did not like only having a movie pass to choose from as a prize.

aMP frequent deposit cards are available at all locations or by contacting the credit union.

JoIN uS IN Celebrating!62ND aNNuaL MeeTINg

& DINNer/DaNCeSaturday, March 3, 2018

5pm Meeting & Prize Drawings6pm Buffet Dinner

7:30 – 10:30pm Live entertainment by “The rock Show”

LOCATION: Doubletree hotel 1 Wenonah Park Place, Bay City

COST: $20 per member (Limited to 2 tickets per member account and the primary member must be at least 16 years of age or greater.)

Tickets will be on sale Wednesday, January 24, 2018

at all locations and over the phone.

Find your Comfort ZoneA message from

the steady stock market recovery has continued since the financial crisis of 2008, and this past year saw equities set more new records. Many people saw attractive investment gains as a result. But when it comes to the stock market, it’s wise to remember that what goes up can just as easily come down. how comfortable would you be if there was a major drop in the stock market? Does just the thought get your heart racing?

For some, the answer has been to seek shelter from the inevitable market volatility in certificates of deposit (CDs) and money market accounts. unfortunately, these accounts continue to set records of their own – historically low returns that often don’t keep the beat with inflation.

Do your heart some good.there are new annuity products that allow you to choose your own comfort zone. You set a limit on downside risk and still participate in the market’s upside potential. and there are other options available that provide the comfort of a guaranteed income for life. these new products could do your financial plans and your heart some good.

For more information about these new retirement planning options, contact noah Ferrio, the Catholic Federal advisory Services representative located at Catholic Federal Credit union at 989.797-7194.

there are distinct difference between annuities and certificates of deposit (CDs). Most CDs are considered a short term investment. an annuity is a long term investment. the investment in a CD is insured by the fereal government either through FDiC or nCua. the investment in an annuity is guaranteed by an insurance company. like CDs, annuities have a penalty for early surrender and withdrawals taken before the age of 59 ½ from an annuity may be subject to a 10% federal tax penalty.

all guarantees are based on the claims-paying ability of the issuer and do not extend to the performance of underlying accounts which can fluctuate with changes in market conditions.

annuities are offered through Members life insurance Company. representatives are registered, securities are sold and investment advisory services offered through Cuna Brokerage Services, inc. (CBSi), member Finra/SiPC, a registered broker/dealer and investment advisor, 2000 heritage way, waverly, ia 50677, 866.512.6109. investment and insurance products are not federally insured, may involve investment risk, may lose value and are not obligations of or guaranteed by the financial institution. CBSi is under contract with the financial institution, through the financial services program, to make securities available to members.

MZa-1124577.1-0215-0317

What’s Brewing at CFCu

� Msgr. Forbes Scholarship applications are available online at www.cathfcu.com. the college scholarship is available to members of the credit union who are planning to attend or are currently attending a college, university, community college, or a trade or technical school. Since 1982, the scholarship committee has awarded $1.9 million dollars to students who want to begin or continue their education. the 2018 scholarship applications are due by March 10, 2018.

� Coming Spring 2018! we’re in the process of redesigning www.cathfcu.com with you in mind to improve your member experience when you visit us online. Please note: this will not impact your experience with online Banking to check account balances, pay bills, transfer funds, etc.

� Good Friday Closing. all locations will be closed from noon – 3pm on Friday, March 30, 2018.

Brew with CFCU! How can we improve your experience with CFCU?_____________________________________________________

_____________________________________________________

_____________________________________________________

name: _______________________________________________

address: _____________________________________________

Phone number: _______________________________________

MaIl To: Catholic Federal Cu, What’s Brewing, P.o. Box 6338, Saginaw, MI 48608

or reTurn To: any Catholic Federal location by FeBruary 1, 2018 to register to win an orange

CF coffee cup. 10 winners will be randomly drawn on February 5, 2018 and contacted by phone.

Must be age 18 or older to participate and a resident of the United States. No purchase necessary. Employees of Catholic Federal CU and their immediate family are not eligible. Winner of the prize must pick up item at a Catholic Federal location.

6180 State Street Saginaw, Mi 48603

989.799.8744 n 800.798.2328 Fax: 989.799.8839

office hours: Monday - thursday 9 a.m. to 5 p.m.

Friday 9 a.m. to 6 p.m. Saturday 9 a.m. to 1 p.m.

Drive Thru: Friday 8 a.m. to 6 p.m.

Saturday 9 a.m. to 1 p.m.

1002 South Washington Saginaw, Mi 48601

989.799.8744 n 800.798.2328 ext. 200 Fax: 989.755.4101

office hours:Monday - Friday 9 a.m. to 5 p.m.

1504 Cass avenue Bay City, Mi 48708

989.799.8744 n 800.798.2328 ext. 300 Fax: 989.895.8115

office hours: Monday - thursday 9 a.m. to 5 p.m.

Friday 9 a.m. to 6 p.m.

915 South euclid Bay City, Mi 48706

989.799.8744 n 800.798.2328 ext. 400 Fax: 989.667.5364

office hours: Monday - thursday 9 a.m. to 5 p.m.

Friday 9 a.m. to 6 p.m.Saturday 9 a.m. to 1 p.m.

3015 Center avenue essexville, Mi 48732

989.799.8744 n 800.798.2328 ext. 600 Fax: 989.891.1015

office hours: Monday - thursday 9 a.m. to 5 p.m.

Friday 9 a.m. to 6 p.m.

334 Division Street Vassar, Mi 48768

989.799.8744 n 800.798.2328 ext. 259 Fax: 989.823.3621

office hours:tues., wed., Fri. 9 a.m. to 5 p.m.

iTalk 800.475.2338

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Sara Schramnovember

rachel Schramkedecember

Quick Financial resolutions for 2018

� open a separate savings account to force yourself to build an emergency savings fund.

� Get a (second) job. if you are looking for additional income to work on your debt, a few hours on the weekend could help.

� Pull your credit score and report. a good way to start the year is to find out exactly where you stand financially. Download your credit report (one free each year) at www.annualcreditreport.com.

� Plan ahead. Get in the habit each night of preparing for the next day: packing lunches, prepping breakfast and dinner. that way you will not be tempted to buy convenience food, because you are not rushed.

� opt out. You can stop getting all of those unsolicited credit card offers by calling (888) 567-8688 or go to www.optoutprescreen.com.

Source: GreenPath Financial Wellness

A benefit of membership with Catholic Federal Credit Union is free financial counseling, debt management plans and credit report reviews with GreenPath Financial Wellness. To utilize this free service, call 1-877-332-2235.

Y e a r e N D a N N u a L a u D I T

Verification of account balances are made as a part of our regular periodic audit.

Please reconcile your account information on your statement with your records.

If it is InCorreCT, please contact

nicole Klee at rehmann at 989.797.8345.

If the information is CorreCT then no reply is necessary.

JoIN uSall Catholic Federal members age 50 and better are invited to attend today and tomorrow semi-nars and events.

estate Planning, Will and Trust SeminarTuesday, February 13, 2018

10:00am – 11:30amCFCU’s 6180 State St., Saginaw Location

Sharon a. Burgess, attorney at law, with Smith Bovill will present an informational seminar that will provide an explanation of estate Planning and discuss the documents included in an estate Plan.

She will discuss the importance of choosing a person you would want to assist if you should become incapacitated so that a Guardianship and Conservatorship is not needed in Probate. She will also cover the importance of providing for the proper distribution of your assets to your loved ones. this seminar will allow you to choose between a last will and testament and a revocable living trust. Space is limited, rSVP is required.*CFCU is offering this seminar for informational purposes only and is not endorsing any law firm over another.

euchre TournamentTuesday, March 13, 2018

10am – NoonFour Points by Sheraton

4960 Towne Centre Road • Saginaw, MI 48604

Do you have the luck of the irish? it’s time for CFCu’s annual St. Patrick’s themed euchre tournament! each player plays for themselves and players will have a different partner for each game. this is a free event for members of Catho-lic Federal. Space is limited, rSVP is required for this event and light refreshments will be served. remember to wear green!

To RSVP for a seminar or event, contact the credit union at (989) 799-8744 ext. 111.