AY W EA ! 15 IV DE 20 E G SI G IN A G OK RT O O L M
Spring 2015 Member Spotlight:
your transactions even more secure. While this is unique to the rewards card only, we will be transitioning all Centris Visa® debit and credit cards to the EMV chip later this year based on expiration dates, fraud or damage to the card, rewarding you with even greater peace of mind that your transactions are safe and secure.
President’s Message Being a Centris Member Has Its Rewards A relationship is the way two or more people or groups talk to, behave toward and work with one another. At Centris, we understand that relationships look different for every member so we are constantly aiming to build the right relationship with each of you, one product or interaction at a time. This is why we are thrilled to introduce the newest member of our product family: the Centris Visa® Rewards credit card. With this new credit card, the power of the purchase is in your hands. Now you can earn points for every purchase and redeem those points for the rewards you choose. In addition to earning points, the Centris Visa® Rewards card is embedded with EMV chip technology, which makes 2
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It all makes sense, right? Relationships should be rewarding and we want you to know that being a Centris member has its rewards. Our aim isn’t just with the products and services we offer, though. We desire that every experience you have at Centris adds value to the relationship you have with us, whether it’s sitting with a Service Representative in a branch, calling our employees in Account Services, applying for a loan on our website, or depositing a check with remote deposit capture (mobile deposit). Whatever the relationship looks like to you, we want it to be rewarding. We are here to serve your needs and build a lifelong relationship with you in the process.
Save The Date:
Centris Movie Night Friday, September 25, 2015 Werner Park
The InTouch is Going Digital This InTouch newsletter will be the last one printed and mailed to members. Please be sure you are signed up to receive our emails so you’ll know when the next digital InTouch newsletter is available online. Sign up at www.centrisfcu.org.
Member Notice: Online Banking Unique User ID Beginning June through November, members with Centris online banking will be sent a letter notifying them to update their log-in information to a unique user ID of their choice. This request is an ongoing effort to securely protect our membersâ€™ account information and to comply with new mandatory guidelines established for financial institutions. Members who have already changed their online banking log-in information to a unique user ID should please disregard this notice. If you have any questions regarding updating your Centris online banking user ID, please visit any Centris branch.
Centris 80th Annual Meeting
2015 Scholarship Senior Winners Centris cares about investing in the lives and futures of the youth in our communities. This year, nine $500 scholarships were awarded to high school seniors who are members of Centris as well as children of Centris employees. They were presented their awards at our 80th Annual Business Meeting on March 24. We congratulate them and wish them the best in their future endeavors! Scholarship information for 2016 will be available at www.centrisfcu.org in October.
At the 80th Annual Business Meeting, incumbents Linda Aust, Tom Beiriger and Denise Hill were selected to serve three-year terms. Board of Directors Joe Sacco - Chair Denise Hill - First Vice Chair Veronika Pinkerton - Second Vice Chair Linda Aust - Treasurer Paul Elofson - Secretary Tom Beiriger - Director Matt Dannehl - Director Thank you to all who attended the Annual Meeting on March 24. We look forward to seeing you at next yearâ€™s meeting.
Thanks for Voting Us #1 For the sixth year in a row, members like you have voted Centris as the Best Credit Union in the Omaha metro area! This year we are also proud to be voted first place for Best Auto Financing! Look for more information from us in the upcoming months for how to vote us #1 again in area contests. www.centrisfcu.org
The Mortgage Giveaway Winner is... Centris is proud to announce the winners of the “Mortgage Giveaway” contest are John and Sandy LaRocca.
For five years, Centris has sponsored the “Mortgage Giveaway” contest, giving away up to $10,000 in free mortgage payments. Members were automatically entered into the contest when they completed a home loan or refinanced their mortgage through the credit union. The LaRoccas have been members of Centris for four decades. When they were looking to refinance their mortgage last year, the first place they thought of was their trusted financial partner. “John’s family was part of Western Electric, and he took out a loan to pay for school. We’ve been members ever since. Even when we’ve moved out of state, we’ve always kept our Centris accounts and when we returned to Omaha, we continued to come to Centris,” said Sandy. 4
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When the LaRoccas completed the refinancing process, they were told they would be entered into the contest but didn’t think about it much in the following months. Shortly before the holiday season, they received a phone call informing them they had won. As winners, the LaRoccas will have their mortgage paid by Centris throughout 2015. The prize will allow them to do some updates to their home. “The contest is a great way for us to give back to our members. We appreciate all the support we get from them and this is one way we can show it,” says Jeff Shapiro, senior vice president of lending. He notes this is the fifth year Centris has held the contest and hopes to see it continue for many years. “We are excited to celebrate all year with the LaRoccas,” he said. Congratulations LaRocca family!
Look to Centris for All Your Mortgage Needs If you’re in the market for a new home or ready to refinance, look no further than your nearest Centris branch. Our neighborhood mortgage experts are here to assist you through the home buying process. From pre-approval to closing, Centris has the products and services you need and benefits you won’t find anywhere else.
Here’s Your Chance to Win...
Now for a limited time, you have the opportunity to Win A FREE Mortgage For A Year! (Up to $10,000. Odds of winning based on number of entries received.*) Apply in person, online or call and get pre-qualified before you shop for your new home. We’ll show you why Centris is your trusted neighborhood mortgage partner. Contact us for complete information.
*12 consecutive monthly mortgage payments (principal and interest only) of not more than $833.33 per month (“Monthly Maximum Prize”) totaling up to $10,000 in the aggregate. Exact prize amount will be determined by amount of eligible winner’s mortgage payment. Winner must pay any portion of winner’s monthly mortgage payments not attributable to principal or interest or otherwise in excess of Monthly Maximum Prize. Odds of winning depend on number of eligible entries received. Number of written prize notices to be distributed will depend on number of inquiries about the promotion. Beginning 1/1/15 through 12/12/15, when you open a mortgage loan with Centris Federal Credit Union (“Centris”) in Nebraska or Iowa, you will automatically be entered to be drawn as a winner in the “Centris Federal Credit Union Free Mortgage Giveaway.” Participants and winner(s) must be Nebraska or Iowa residents at least 18 years old as of 12/12/15, and have a valid driver’s license. To enter, you must be Centris members and have closed and have received funds for a mortgage loan or mortgage refinance from Centris on or after 1/1/15. One entry per person and/or household. If a winner is disqualified or cannot accept the prize as stated, Centris reserves the right to determine an alternate winner in its sole discretion. Prize is not transferable, redeemable for cash or exchangeable for any other prize. Centris may require winner to complete, execute and return affidavits of eligibility, liability releases and publicity releases prior to taking possession of prize. Failure to sign these documents, or if winner cannot be notified, or if winner is found to be ineligible or not in compliance with these Official Rules, will result in disqualification and an alternate winner will be selected.
Federally Insured By NCUA.
Earn Points, Redeem Rewards with the Centris Visa® Rewards Credit Card The Centris Visa® Rewards credit card is here and the power of the purchase is in your hands. Earn points for every purchase you make and redeem for millions of rewards. From event tickets and gift cards to electronic items and hotel stays, the rewards are endless. For more details and to apply, go to www.centrisfcu.org.
What is EMV? EMV, which stands for Europay, MasterCard and Visa®, is a global standard of integrated circuit or “chip” cards (credit and debit). EMV provides a higher level of security and allows for a lower risk of card-based fraud. An EMV card is embedded with a chip containing the card holder’s information. The chip’s data cannot be stolen from a terminal in the same way that a magnetic stripe’s data can be comprised. EMV Chip
Centris is in the process of changing all of their credit and debit cards to EMV cards based on expiration dates or fraud or damage to the card. All Centris Visa® Rewards credit cards will be EMV cards. For more information about EMV, go to www.centrisfcu.org. www.centrisfcu.org
Omaha may be a landlocked, fly over city in the middle of America, but it has more than a few accolades to hang its hat on. Not only is Omaha home to one of the world’s wealthiest men, Warren Buffett, it also has the highest number of Fortune 500 companies of any city in the nation (Berkshire Hathaway, ConAgra Foods, Union Pacific, Peter Kiewit Sons’ and Mutual of Omaha). Omaha knows its food and is credited with the inventions of the TV dinner and the Rueben sandwich. And, don’t forget about Gerald Ford, Malcolm X and Alexander Payne. The 38th President, the civil rights leader and the Academy Award winning director respectively were born and raised (Payne) here.
Omaha has another claim to fame – the city where Top 40 radio was invented. In the early 1950s, Todd Storz, grandson of Storz Brewery founder Gottlieb Storz and general manager of KOWH in Omaha, noticed how certain songs were being played over and over on bar jukeboxes and realized that people wanted to hear their favorite songs - repeatedly. This realization prompted the birth of Top 40 radio as he converted KOWH from pre-scheduled blocks of dramas and variety shows into an all-hits music only format. Storz’s Top 40 format spread like wildfire and within years stations across the country followed suit. While Erik Johnson wasn’t even a gleam in his parents’ eyes during this time of change in radio history, he currently plays a pivotal role in carrying on the Top 40 tradition. Erik Johnson, a Centris member for more than 30 years, is responsible for everything that you hear on the radio waves for three Omaha 6
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stations in the iHeartMedia family; KAT 103.7, 96.1 KISS FM and 93.3 The Wolf. Erik, better known as EJ, is the program director for these three stations as well as the DJ in the afternoons (3 to 7 p.m.) on KAT 103.7. Growing up in La Vista, EJ always had a love for music and worked for Homer’s Music and its parent company, R.T.I. (a company that purchased records from the record labels and sold them directly to the record stores). He fondly remembers 1983 as one of the most diverse years in music, and the year that shaped his musical tastes. “My collection in high school ranged from Glenn Miller to Public Enemy,” EJ said. “I never knew what I was going to hear.” Even with his appreciation of all genres of music, he never thought about music as more than a hobby. He took drafting classes in high school and was an excellent draftsman. A career in architecture was the next logical step so he attended the University of NebraskaLincoln and majored in architecture. While at UNL, he took a broadcasting class as an elective and ended up becoming the music director for the campus’ radio station. He would also DJ weddings and occasionally help his brother who worked for a local Christian radio station. Even though he completed his degree, fate seemed to be telling him to stick with his radio gig. After graduation and throughout most of the ‘90s, EJ honed his craft in Lincoln and Omaha working at various stations as a DJ and program director. By 1997, he was back in Omaha for good at the Journal Broadcast Group as the program director for Channel 97.7 which became Channel 94.1.
After 10 years with the Journal Broadcast Group, EJ signed on as program director for iHeartMedia stations (then Clear Channel) KAT 103.7 and 93.3 The Wolf and eventually 96.1 KISS FM (in 2012). He takes his responsibility as the program director very seriously and enjoys the strategy that is involved. “I love the creativity and diversity of the job whether it is coming up with new contests or promotions, helping on-air talent improve or just listening to new music,” EJ said. EJ spends his time talking to record companies, following trends, reading various reports, checking sales numbers and charts, researching artist history and paying attention to the buzz in the industry. He works closely with his music director and assistant program director to create the playlists you hear every day on the radio. His main responsibility is playing what the people want to hear the true essence of Top 40 radio. While the music industry has definitely changed over the years, radio listenership has only slighted decreased. People don’t hate radio; they just have more options now, EJ said. “We are fighting for our slice,” he said. “We have to be better than we’ve ever been.” And, better they have been. In 2014, KAT 103.7 was named medium market station of the year by the Country Music Awards and was awarded the National Association of Broadcasters Crystal Radio Award for commitment to local community service. This was the second time the station has won each of these awards. Undoubtedly, EJ has played a major role in the success of the stations he oversees, but you would never know based on his
humble demeanor. His focus has never been on himself but on the stations and the big picture. EJ is one busy, hard-working individual but still makes time for his family and the community. He has been married since 1999 and has two children, ages 11 and 13. He coaches hockey and lacrosse, is the public address announcer for the Omaha Lancers Hockey Club and is active with the Henry Doorly Zoo, Ballet Nebraska and the Omaha Community Playhouse. This hard-working individual has also been a Centris member since he had his first job in high school. EJ’s dad worked for Bell Federal Credit Union and opened up an account for him to deposit his paycheck. Throughout the years, he’s had accounts at other financial institutions but has encountered many headaches. Now, all of his accounts including car loans and a loan for his wife’s wedding ring are all at Centris. “Why play around with anyone else,” he said. “Centris feels like family and it feels like you belong.” EJ is also a Centris spokesperson while on air at KAT 103.7. He doesn’t put his name on just any product or service unless he believes in it. He’s proud to be part of the Centris family, and Centris is proud to have him!
Are you a Centris member making a unique contribution to the community? Know someone who is? Tell us your story for a chance to be featured in the Member Spotlight of the Centris Newsletter. Simply contact us at email@example.com or by phone at (402) 758-6523.
The Retirement Reality Check Little things to keep in mind for life after work. Presented by Mike Sieler, Centris’ financial planning representative.
The Following Investment Services are Available: • • • • • • • • • •
Retirement Planning Legacy Planning Tax Awareness Mutual Funds Fixed & Variable Annuities Unit Investment Trusts Estate Planning Life Insurance Fee Based Planning Asset Based Long Term Care • Educational / College Savings Plans • Plus much more... Mike Sieler can be reached at: (402) 697-6726 or email Mike.Sieler@CurnesGroup.com.
Securities and investment advisory services offered through Cetera Advisor Networks LLC, Member FINRA/SIPC. Centris Federal Credit Union & Cetera Advisor Networks are not affiliated.
Not a Deposit
Not Insured By Any Federal Government Agency
May Lose Value
No Bank or Credit Union Guarantee Not NCUA Insured
InTouch / Spring 2015
Decades ago, there was a popular book entitled What They Don’t Teach You at Harvard Business School. Perhaps someday, another book will appear to discuss certain aspects of the retirement experience that go unrecognized - the “fine print”, if you will. Here are some little things that can be frequently overlooked. How will you save in retirement? More and more baby boomers are retiring with the hope that they can become centenarians. That may prove true thanks to healthcare advances and generally healthier lifestyles. We all save for retirement; with our increasing longevity, we will also need to save in retirement for the (presumed) decades ahead. That means more than budgeting; it means investing with growth and tax efficiency in mind year after year. Could your cash flow be more important than your savings? While the #1 retirement fear is someday running out of money, your income stream may actually prove more important than your retirement nest egg. How great will the income stream be from your accumulated wealth? There’s a longstanding belief that retirees should withdraw about 4% of their savings annually. This “4% rule” became popular back in the 1990s, thanks to an influential article written by a financial
advisor named Bill Bengen in the Journal of Financial Planning. While the “4% rule” has its followers, the respected economist William Sharpe (one of the minds behind Modern Portfolio Theory) dismissed it as simplistic and an open door to retirement income shortfalls in a widely cited 2009 essay in the Journal of Investment Management.1,2 Volatility is pronounced in today’s financial markets, and the relative calm we knew prior to the last recession may take years to return. Because of this volatility, it is hard to imagine sticking to a hard-and-fast withdrawal rate in retirement - your annual withdrawal percentage may need to vary due to life and market factors.
What will you begin doing in retirement? In the classic retirement dream, every day feels like a Saturday. Your reward for decades of work is 24/7 freedom. But might all that freedom leave you bored? Impossible, you say? It happens. Some people retire with only a vague idea of “what’s next”. After a few months or years, they find themselves in the doldrums. Shouldn’t they be doing something with all that time on their hands?
A goal-oriented retirement has its virtues. Purpose leads to objectives, objectives lead to plans, and plans can impart some structure and order to your days and weeks – and that can help cure retirement listlessness. Will your spouse want to live the way that you live? Many couples retire with shared goals, but they find that their ambitions and day-to-day routines differ. Over time, this dissonance can be aggravating. A conversation or two may help you iron out potential conflicts. While your spouse’s “picture” of retirement will not simply be a mental photocopy of your own, the variance in retirement visions may surprise you. When should you (and your spouse) claim Social Security benefits? “As soon as possible” may not be the wisest answer. An analysis is needed. Talk with the financial professional you trust and run the numbers. If you can wait and apply for Social Security strategically, you might realize as much as hundreds of thousands of dollars more in benefits over your lifetimes. This material was prepared by MarketingLibrary. Net Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. Marketing Library.Net Inc. is not affiliated with any broker or brokerage firm that may be providing this information to you. All information is believed to be from reliable sources; however we make no representation as to its completeness or accuracy. Please note - investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is not a solicitation or a recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment. www.centrisfcu.org
The Easier Way to Deposit Checks
or iPad! For more information about our mobile banking application and remote deposit capture, please go to www.centrisfcu.org and click on the Mobile Banking tab.
Using the remote deposit capture (mobile deposit) feature on our mobile banking application can save you time and money by allowing you to deposit checks anywhere you are. Remote deposit capture is the quick and easy way to deposit checks right from your smartphone or iPad!
Remote Deposit Capture Benefits • Convenient: Deposit checks with your smartphone or iPad whenever you want - 24/7. • Save Time and Money: No need to visit a branch or ATM to make a check deposit. • Simple: Just a few easy steps and the check is deposited into your account. • FREE: Using Centris mobile banking with remote deposit capture is free, but message and data rates may apply. Such charges include those from your communications service provider. No matter where you are, depositing a check into your account is just a few snapshots away with your smartphone 10
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We Provide Free ACH Payments Did the first of the month sneak up on you? No need to fret! With ACH electronic payments, you can authorize a single draft on your account and make payments on any of your Centris loans. ACH payments must come from your checking or savings account from another financial institution and will post the day you call. ACH is free, convenient and offers better security against fraud. Call our Account Services department at (402) 758-6500 to learn more about ACH.
Love your savings Everyone is looking for ways to save money, and that’s just what Love My Credit Union Rewards is all about. Centris Federal Credit Union is excited to offer you, our member, exclusive discounts and benefits on products and services you use every day. Credit union members have already saved over $1 billion with Love My Credit Union Rewards discounts. So along with lower loan rates and fewer fees, here’s another way you can save even more. ❤ Exclusive discounted pricing on most new Chevy, Buick, or GMC vehicles with the Credit Union Member Discount from GM ❤ Save 10% on select regularly priced Sprint monthly service; businesses save 15% on select regularly priced Sprint monthly service. Plus, waived activation and upgrade fees (up to $36 savings for each) ❤ Savings of up to 50% off other popular plans from Credit Union Auto Club ❤ Save up to $15 on TurboTax Federal tax products ❤ Save on services for your home from ADT, DIRECTV, Allied, and more ❤ Earn cash back when you shop at over 1,500 online retailers with Love to Shop The more offers you take advantage of, the more you can save. Start saving today by going to www.LoveMyCreditUnion.org.
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Centris Federal Credit Union InTouch Newsletter Spring 2015