1Fall 2018

DIRECTIONSFall 2018

Board Candidates

Page 5

Events: Workshops

and more Page 3

Choosing Life Insurance

Page 7503.588.0181 • mapscu.comNavigating life. Together.

Directions is digital – check it out at mapscu.com

2 Directions

Directions is published for distribution to members of Maps Credit Union.

To continue to receive Directions and other credit union correspondence in a timely manner, please let us know when you change your address, phone, email, or name. Thank you.

• Mark Zook President & CEO

• Shane Saunders Chief Experience Officer

• Jennifer Schmelling Director of Marketing

• Marsha Minten Graphic Designer

• Jacoby Cid Digital Communications Specialist

Cover image credit: Jacoby Cid

Maps Credit UnionP.O. Box 12398 • Salem, OR 97309503.588.0181 or 1.800.688.0181mapscu.com • maps@mapscu.com

Hours of OperationDrive-up ServiceMon–Thur: 8 am–5:30 pmFri: 8 am–6 pm • Sat: 10 am–2 pm

Lobby Service (except Bearcat Branch)Mon–Thur: 9:30 am–5:30 pmFri: 9:30 am–6 pmSat: 10 am–2 pm

Key Numbers/AddressesPrivateLine Telephone Banking503.588.7100 or 800.677.7100

Salem Contact Center503.588.0181 or 800.688.0181, Ext. 3811

Emergency/Closure Information Line503.779.2160

Report Lost or Stolen Cards After HoursCredit Cards 866.839.3485 Debit Cards 800.500.1044

Suspicious Activity ValidationInternational: 727.227.2447

24/7 Credit Card Customer Service866.544.1009

24/7 World Card Customer Service866.544.1013

Important Contacts and Information

Federally insured by NCUA

Foundation Newsmapscu.com/community_foundation

2018 Teacher Grant Applications are now open! This year Maps Community Foundation will award $10,000 in grants to teachers in Marion and Polk Counties. Members will have a chance to vote for their favorite teacher, school, or project. Applications are available online at mapscu.com/teacher_grants.

Community Challenge Award Winners for 2018Maps Community Foundation awarded $10,000 in Community Challenge grants to four nonprof-its that have improved the lives of more than 20,000 people in the Salem area.

"Though their work varies from feeding the hungry, to giving foster children new shoes, all of the groups share a commitment to helping those in the Mid-Wil-lamette Valley," said Mitzi Smith, Community Development Officer of Maps Credit Union.

The nonprofits who received grants include:

Salem Harvest - Works with grow-ers and volunteers to harvest and distribute surplus crops.

Salem Fire Foundation - Enhances public safety and promotes community support for the Salem Fire Department.

Heart to Soles - Buys and distrib-utes new shoes to foster children.

St. Edwards Cottages - Building small cottages to temporarily house women in need.

College ScholarshipsMaps has awarded more than $110,000 in college scholarships to deserving students in the Mid-Willamette Valley since 2005.

We will begin accepting submis-sions, January 15, 2019. All appli-cations and transcripts must be received no later than March 31, 2019. Applications will be avail-able on the Maps Community Foundation webpage at the first of the year.

Salem Harvest received the first Community Challenge Award for 2018.

3Fall 2018

Volunteer View

Joe Phillippay, Board Chair

I know a thing or two about in-surance. I began my career as an insurance agent right out of college and retired from the industry many years later. Like so many things in life, the only constant in the insur-ance business is continual change. In today’s tech savvy world, some people think that going online for a policy is the way to go. You may think, “I'll just find something cheap online and call it a day.” Sound familiar? If so, it's not surprising. TV commercials, radio advertise-ments and online ads are constantly bombarding us with this simple message: all insurance is the same, so just buy the cheapest policy you can find. That's dangerous. I'd even

* Investment products and services are offered through CUSO Financial Services, L.P. (Member FINRA/SIPC) are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obliga-tions of the credit union, and may involve invest-ment risk including possible loss of principal.

For details and to register, call or go online at mapscu.com

Holiday Branch Closures• Columbus Day Mon. Oct. 8

• Veteran's Day Mon. Nov. 12

• Thanksgiving Thur. Nov. 22

• Christmas Tues. Dec. 25

• New Year's Day Tues. Jan. 1, 2019

Maximizing Social Security & Managing Healthcare Costs in Retirement*• Wed., Sept. 12, 6–7:30 pm• Wed., Oct. 10, 6-7:30 pm• Wed., Nov. 14, 6-7:30 pm • Wed., Dec. 12 6-7:30 pm

Maps Hines Street Branch

Upcoming EventsPERS and Your Retirement*• Wed., Sept. 19, 6–7:30 pm• Wed., Oct. 17, 6–7:30 pm• Wed., Nov. 21, 6-7:30 pm• Wed., Dec. 19, 6-7:30 pm

Maps Hines Street Branch

PERS Simplified Tier 1 & 2*• Thur., Oct. 18 12:00–1:00 pm• Thur., Nov. 8 12:00–1:00 pm OSU Memorial Union, Corvallis

Social Security*• Thur., Sept. 27 12:00–1:00 pm• Thur., Oct. 25 12:00–1:00 pm• Thur., Nov. 15 12:00–1:00 pm

OSU Memorial Union, Corvallis

New Tax Code*• Tues., Sept. 25, 5:30-7:00 pm• Tues., Oct. 9, 5:30-7:00 pm

Danny's on the Green, 6250 Club House Dr. SE, Salem RSVP, Limited Seating Dinner provided

argue, it's hazardous to your finan-cial health. The fact is, insurance is an important, and often very complicated purchase. Finding the right coverage for your individual needs often involves more questions than answers, but you don’t need to conduct this research alone. Instead, you can opt to work with an independent insurance agent who will review many different insur-ance companies’ rates and coverage options to determine the best fit for you. In working with an agent, you’ll speak with an actual person who’s your advocate, dedicated to protecting what’s most important to you. Often peace of mind can be found in your local Maps branch,

and not online through the click of a button. Even if you decide to buy insurance online, I’d encourage you to first talk with the professionals at Maps Insurance to offer insights into important features you’ll want to consider.

ABC+D of Medicare*• Thur., Sept. 20, 12:00–1:00 pm• Thur., Oct. 4, 12:00–1:00 pm

OSU Memorial Union, Corvallis

• Thur., Sept. 13, 12:00–1:00 pm • Mon., Sept. 17, 12:00–1:00 pm• Tue., Sept. 18, 12:00–1:00 pm• Wed., Sept. 19, 12:00–1:00 pm• Fri., Sept. 21, 12:00–1:00 pm• Thur., Oct. 11 12:00–1:00 pm Maps Admin. Building, Salem

Pledge to Prepare: Emergency planning for home and business• Thur., Oct. 18 9:30–11:00 am

Maps Admin. Building, Salem

The Value of an Insurance Agent

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Financial Self DefenseHow To Create And Keep Strong Passwords

1) Choose a password managerWith so much of our lives accessible online, it's more important than ever to keep passwords secure. The best way to do this is to use a pass-word manager. These services will generate strong passwords for all of your financial accounts, favorite websites and social media platforms and then keep them safely encrypt-ed. You will only need to create and memorize one master password, which you will use when logging into all of your accounts.

There are lots of password manag-ers on the market, but the ones that come most highly recommended are 1Password, Lastpass and KeePass.

1Password and LastPass are both cloud-based services, and can be vulnerable to remote attacks. However, both services heavily en-crypt your data and don't store your one master pass-word in the cloud. As long as that password is strong, you'll be safe even if these ser-vices get hacked.

2) Create an unbreakable master passwordOnce you've chosen your password manager, create a strong master password. This code can open up every password of yours to poten-tial scammers; so be extra careful about choosing one that is virtually unbreakable. Follow these rules for a strong password:• Make it long. Many sites re-

quire a password that is a min-imum of 8 characters long, but a 12-character password is even stronger.

• Be creative. Avoid using names, places and recognizable words,

since these are easily cracked.• Mix it up. Vary your capitaliza-

tion and the kinds of characters you use, switching back and forth from letters to numbers to symbols.

You can run your password through an online password checker like the one on OnlineDomainTools.com to test its strength. Once you've created a super-strong master password, work on memorizing it. Don't store the password anywhere online or on your phone, commit it to memory.

3) Update all your passwordsNext, you're going to sync all the websites and accounts you use with your password manager. Follow the guidelines on your password man-ager for this step, as they differ with each service.

When you're through, you'll only be able to log into these sites by using your master password.

Some sites you use might employ outdated systems that won't work

with a password manager. For these sites, you will need to use different passwords. You can slightly amend your master password for these sites or create new ones using the guide-lines above. Never double pass-words; use a different one for every site you use.

4) Use two-factor authenticationAdd another layer of protection by choosing two-factor authentication whenever you have that option.

5) Be careful with security questionsIronically, security questions are extremely insecure. Anyone can

Google your dog's name or your mother's hometown. And, if all a scammer has to do to re-trieve your password with the "I forgot my password" tab is answer a security question, the strongest passwords in the

world won't do you any good.

Protect yourself by treating se-curity questions like passwords.

Never answer them truthfully. Instead, make up mnemonics or nonsensical answers that are hard to crack but easy for you to remember. 6) Don't let your browser or phone "remember" your pass-wordsDon't be lazy; keep your passwords in your head and not on your de-vices. Otherwise, you'll be in deep trouble if your computer or phone is swiped.

Keep your passwords strong and safe. You don't want to be an easy target for scammers!

5Fall 2018

Maps Annual MeetingWednesday, October 17, 20183:30 - 4:00 pm

Maps Dan Penn Administration Building451 Division St. NE, Salem, OR 97301

Agenda:• Business meeting

• Board of Directors election results

CandidatePhil Frey attended grades 1–12 in the Salem-Keizer school system before moving

on to Oregon State University. After graduating from OSU, Phil served in the U.S. Army from 1969–1971 before joining the family business.

Phil’s community service/involve-ment includes a 60-year mem-bership at St. Vincent De Paul Catholic Church, choir mem-ber, two terms on the Pastoral Council, Salem Optimist Club (Over 30 Years), 12 years Keizer Youth Wrestling as Head Coach & Board of Directors, 10 years Keizer Little League, and 21 years on the Willamette ESD Board of Directors, currently serving a fifth term as Chair.

Phil served on the boards of the Maps Service Agency and Maps Insurance before being appointed to fill a vacant seat on the cred-it union board in 2012. He was elected by the membership at the 2012 annual meeting.

CandidateTom Marks and his wife Lynne became mem-bers of Maps Credit Union in 2002; that same year he was

appointed to serve on the board of Maps Service Agency.

Marks is a broker with Berkshire Hathaway HomeServices Real Estate Professionals. Previous-ly, he was a business advisor at Chemeketa Community College's Small Business Development Center. Marks is also the founder and former owner of Allied Video Productions, a Salem-based video production company. Marks is a well-known Salem area public servant. Over the past 30+ years he has given time and money in support of many organizations in the Mid-Willamette Valley. In addition to volunteer positions at Maps, he currently serves as the vice-chair of Board of Directors at Marion County Fire District #1.

Marks would like to serve another term as a Director on the Maps Credit Union Board.

Maps’ leaders will gather at the Dan Penn administration building in Salem at 3:30 p.m. on Wednes-day, Oct. 17, for the credit union’s annual meeting.

We will continue with a slimmed down meeting of approximately 30 minutes, business-only affair open just to members.

In addition to discussing Maps’ fu-ture, leaders will announce the new Directors who are joining the Maps board.

Currently, candidates are running unopposed and will be elected by general consent. If there are addi-tional qualified candidates, a vote will be held before the annual meet-ing and ballots will be distributed to all eligible voting members.

We will keep seeking ways to make future annual meetings as efficient for you and streamlined as possible.

Members can register for the Octo-ber meeting online at mapscu.com or by calling us at 503.588.0181.

Board Candidates

INTERNATIONAL CREDIT UNION DAYThursday, October 18

Let's celebrate our Authentic Difference. We're different than banks and proud of it!

We'll have cookies at all of our branches to celebrate all that makes us who we are. Hope you can stop by and see us!

6 Directions

OFFICE LOCATIONSPERSONAL INSURANCE OFFICESpersonal@mapsinsurance.com

Salem 347 Union St. NE 503.779.1349

Woodburn (inside Maps Branch) 1860 Newberg Hwy. 503.981.3111

COMMERCIAL INSURANCE OFFICE commercial@mapsinsurance.com

Salem 4625 Commercial St. SE 503.779.1850mapsinsurance.com

Meet the Maps Insurance TeamMaps Insurance Services is an independent insurance agency owned by Maps Credit Union. Our dedicated team of insurance agents has over 100 years of combined insurance industry experience to help you with all of your insurance needs. Offering both personal and commercial insurance, Maps Insur-ance Services is a trusted partner working with industry leading insurance carriers such as Safeco, MetLife, Pemco, Mutual of Enum-claw and Oregon Mutual.

Why choose an independent insurance agency?An independent insurance agency offers you choices that single carri-er agencies do not. We will provide you with multiple insurance quotes from multiple carriers with cover-ages you can choose from.

As a consumer, you have choices and we want to help you make the best decision possible for you and your family. Let us help you protect your assets and your family with insurance coverage that means more than just price.

GOLD

7Fall 2018

What Kind Of Life Insurance Should I Choose?Q: The many types of life insurance is overwhelming. How can I decide which is right for me?

A: The broad range of life insurance choices shouldn't keep you from get-ting sufficient coverage. Here's what you need to know about the most commonly purchased policies.

1. Term insuranceThis basic form of life insurance is often the cheapest option for those under age 50. Term policies are drawn up for a certain amount of years, usually up to 10 years. They are renewable at the term's end, but as the insured ages, the premiums will increase with each renewal.

There are several variations of term insurance.

First, in a level term policy, the an-nual premium will be locked at a set amount for up to 40 years, depend-ing on the insured's age. Next, a de-clining balance term policy is often used as a mortgage insurance. It's created to match the amortization schedule of the insured's mortgage principal. The premium is constant, but the face value, or the policy's death payout, declines throughout the term. Once the mortgage bal-ance is paid up, the policy expires. A third takeoff of term insurance is a return of premium term policy. This policy repays all your premium payments if you outlive your insur-ance's term.

One major caveat of term insurance is that the policies have no cash val-ue; they are pure insurance. Benefits are only paid if the policyholder passes on during the policy's term.

2. Whole life insuranceWhole life insurance offers pro-tection coupled with a cash value component. Premium payments are locked in at a level rate as long as the insured is consistent with pay-ments. A portion of the premium goes toward increasing the policy's cash value. As the cash value grows, the insured can borrow money against it, up to 90% of the policy's entire cash value, tax-free.

Remember, though, that outstand-ing loans will accrue interest, reduce the policy's death benefit and in-crease the odds of a policy lapse.

3. Universal life insuranceUniversal life policies offer high flexibility. Premiums can fluctuate or even be deferred within certain lim-its. Cash values can be withdrawn, though this directly decreases the death benefit. Face values can be modified as well.

INSURANCE

503.779.1349mapsinsurance.com

4. Variable life insuranceVariable life insurance promises fixed premiums and investment options for the risk-takers. The pol-icyholder's cash value will be invest-ed in the insured's choice of stock, bond or money market portfolio. Cash values and death benefits will fluctuate along with the investments' performance.

Death benefits generally have a floor, but cash values offer no guarantees; investing them means risking a sig-nificant loss. These policies usually have higher fees than universal life insurance. However, any cash value accumulation can grow tax-free.

5. Universal variable life insuranceThis policy offers investment op-tions, along with flexible premiums and the ability to modify face values.

Questions? We can help.

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PRSRT STDU.S. POSTAGE

PAIDSALEM, OR

PERMIT NO. 734

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PECIAL COMING!

Our lowest Mastercard® rate ever!

Maps Mortgage • 503-588-0181 ext. 5600

Mortgage Tips • Improving your credit score

can improve your mortgage rate.

• Get a mortgage pre-approval before you start shopping.

• As a homeowner, budget funds for unexpected repairs or maintenance.

• Find a good real estate agent that understands your needs.

• Contact a Maps Mortgage Representative today or visit us online for current mortgage rates, programs, and easy application access.

mapscu.com/mortgages