FOR THE MEMBERS OF COLUMBUS METRO FEDERAL CREDIT UNION

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THERE’S STILL TIME TO OPEN AN

IRA FOR 2016

While the new year has come and gone, you still have until April 18th to open and claim an IRA deduction (if applicable) for tax year 2016.

Individual Retirement Accounts are one of the best ways to save for your golden years. Whether you are just beginning your career, planning for your family or approaching retirement, saving now with an IRA will better prepare you for your future. Generally, you can contribute up to $5,500 every year ($6,500 for those over 50).

For more information, visit www.irs.gov/retirement-plans/individual-retirement-arrangements-iras-1

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One-Stop Shopping At Its Best

Teach Children To Save Day Is April 28

Gift Cards

Keep Us Up-To-Date

www.columbusmetro.org

AVOID HOME REPAIR SCAMS THIS SPRING The start of spring often brings out a desire to spruce up your home and garden. Unfortunately, it also brings out crooks and scammers looking to take advantage of enthusiastic homeowners.

Here are a few tips for avoiding scams: • Get recommendations. Avoid contractors who contact you unsolicited or say they’re doing

other work in your neighborhood.

• See what others are saying. Before you hire someone, check his or her work history with your state consumer protection agency and the Better Business Bureau. Google the company or individual name with the words “reviews” and “complaints.”

• Check credentials. Verify that the contractor has the required license or registration for your state.

• Know your rights. Some states give consumers three days or so to cancel home-improvement contracts. Under federal law you have three days or cancel most contracts that are signed in your home or outside the contractor’s place of business.

• Get it in writing. Ask for a written contract and get all warranties in writing, too.

Source: Consumer Reports.org

You may not get started on your project as quickly as you’d like, but you’ll save yourself a lot of headaches – and money – by making sure that you’re dealing with a reputable company or individual.

Super Money Market$20,000 minimum ........ 0.25% APY$50,000 or more ..........0.45% APY

6 Month Share or IRA Certificate$1,000 minimum ......... 0.35% APY

12 Month Share or IRA Certificate$500 minimum ............. 0.55% APY

15 Month Share or IRA Certificate$500 minimum ............. 0.55% APYAllows deposits of $250 or more

36 Month Share or IRA Certificate$500 minimum ............. 1.05% APY

60 Month Share or IRA Certificate$500 minimum ............. 1.70% APY

Education Growth Fund Certificate$250 minimum ............. 1.75% APY

Vehicle Loan (2016 to 2017)As low as ...................... 3.49%*Up to 72 months

Vehicle Loan (2012 to 2015)As low as ...................... 3.74%*Up to 66 months

Vehicle Loan (2011 & older)As low as ...................... 4.99%*Up to 60 months

Credit CardsVisa Platinum .... 9.90-13.90% APR*

Home Equity Loan—Fixed RateCall for ratesUp to 180 months

Home Equity Line of CreditRedi-Line ......................3.50% APR

First MortgagesContact Jenniffer McNamee at ext. 3026or jmcnamee@columbusmetro.org

Rates current as of 03/01/17 and subject to change without notice. See a Member Services Representative for full details. APY = Annual Percentage Yield. APR = Annual Percentage Rate. Loans made subject to standard loan approval guidelines. *The rate you pay may vary based on your credit history and/or loan-to-value ratio.

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ONE-STOP SHOPPING AT ITS BESTBuying a new vehicle is easy when you visit one of our partner dealers. Find your vehicle, then tell them you’re a Columbus Metro member. The dealer does all the work and you sign the paperwork on the spot. Best of all, you get the same low rates you’d get if you came directly to us. Now that’s convenient!

Don’t see your preferred dealer on our list? You can apply online at www.columbusmetro.org, visit one of our branch locations or call 614.239.0210 or 800.986.3876 ext. 3404 to speak to one of our lending professionals.

A D Farrow Downtown Columbus Germain Lexus of Dublin A D Farrow @ Northstar Germain Lexus of EastonAcura Columbus Germain Mazda of ColumbusAutoMax USA Germain Nissan of ColumbusBob Caldwell Automotive Germain Toyota Scion of ColumbusBobby Layman Chevrolet Hatfield HyundaiBuckeye Honda Hatfield KiaBuckeye Nissan Hatfield SubaruBuckeye Toyota Hatfield Used Car CenterByers Chevrolet Hatfield VolkswagenByers Chrysler Jeep Dodge Ram Haydocy Buick GMC Byers Ford Herrnstein ChryslerByers Imports Jack Maxton ChevroletByers Kia Jeff Wyler Chevrolet of ColumbusByers Mazda Joe Carson Motor SalesByers Subaru Dublin John Hinderer HondaByers Toyota Scion Krieger FordByers Volvo Lash ChevroletC & A Harley-Davidson Lindsay AcuraCentennial Park Harley-Davidson Lindsay HondaChesrown Chevrolet Buick GMC Matt Taylor Kia Crown Chrysler Dodge Jeep Ram Mercedes-Benz of EastonCrown Eurocars of Dublin Nourse Chillicothe Auto SalesDan Hatfield Chrysler Jeep Dodge Nourse Circleville Auto SalesDan Tobin Buick GMC Performance Chrysler Jeep Dodge (Columbus)Dan Tobin Chevrolet Performance Chrysler Jeep Dodge (Delaware) Dave Gill Chevrolet Ride1PowersportsDennis Hyundai of Dublin Roush Honda Dennis Hyundai of Easton Roush Honda Used Car CompanyDennis Kia of Easton Sandoval Buick GMC Dick Masheter Ford Tansky Sawmill ToyotaFink’s Harley-Davidson Taylor Chevrolet Germain Cadillac of Easton Toyota DirectGermain Ford of Easton Toyota WestGermain Honda of Dublin Twins Buick GMCGermain Infiniti of Easton

KEEP US UP-TO-DATEIf you’ve moved, changed your email address or cancelled your landline in favor of your cell phone, be sure to let us know.

It’s important that we have your current information so that you receive your statements and other important information in a timely manner. We may also contact you to verify suspicious activity on your account. For example, if we believe someone has used your debit card fraudulently, we will call or text you to verify the transactions in question. If we can’t reach you, your debit card could be temporarily blocked until you contact us.

To update your address, stop in one of our offices or download the address change request form from our website at www.columbusmetro.org. If your email address or phone number(s) have changed, simply let us know the next time you call, stop in or email us. You can also update any of these items on the desktop (not mobile) version of MetroWeb; simply log on and click on the Services tab.

SAY GOODBYE TO PAPER STATEMENTS FROM THE SSAThe Social Security Administration recently announced that they will send fewer statements by mail to reduce costs. The measure will save the government $11.3 million in 2017.

The statements detail information on your earnings, the payroll taxes you’ve contributed and your estimated benefits. Until now, you received a statement every five years between ages 25 and 55 and then annually once you turned 60. Now, only individuals who are age 60 and older, not receiving benefits and not signed up for an

online Social Security account will receive a paper statement.

If you don’t receive a paper statement, you can view an online version when you sign up for a my Social Security account at www.ssa.gov/myaccount/.

ANNUAL REPORT NOW AVAILABLEColumbus Metro’s 2016 annual report is now available. Stop in any of our branches

for a copy or visit www.columbusmetro.org/About.

P.O. Box 13240Columbus, OH 43213-0240

Board of DirectorsHenry Flint ChairmanGeorge Mussi First Vice ChairClara Hazlett Second Vice ChairLarry Watts SecretaryFred Harris TreasurerBarbara King MemberJ. Mark Wilkerson MemberBeverly Wilson MemberSupervisory CommitteeRobert Short ChairmanJames W. Mock Sr. MemberChinita Montgomery Member

Management & Staff Tim Richey PresidentJennifer Banker Vice President/MarketingMichelle Byers Teller SupervisorJim Downey Information Systems Manager

Tim Ford Collections Manager

Jane Green Vice President/LendingAmy Leinard Branch Manager/GahannaChrissy Martino Chief Financial OfficerPam Menda Branch Manager/ReynoldsburgGeri Michalak Branch Manager/DFASJim Miller

Human Resources ManagerZhanna Stout Compliance ManagerAlan Webb Asst. Information Systems ManagerSamuel Womeldorf Branch Manager/DSCC

LocationsWhitehall4000 E. Broad St.Columbus, OH 43213Drive-Thru | Walk-Up ATMNight Depository

Reynoldsburg6623 E. Main St.Reynoldsburg, OH 43068Drive-Thru | Drive-Up ATMNight Depository

Gahanna5600 N. Hamilton Rd.Gahanna, OH 43230Drive-Thru | Drive-Up ATMNight Depository

DSCC & DFASBuilding 20 Room B110SATMs on 1st & 4th FloorsBuilding 21 Room A132ATM on 1st Floor

Contact UsPhone: 614.239.0210 or 800.986.3876Mail: P.O. Box 13240, Columbus, OH 43213-0240Email: www.columbusmetro.org

Amy AdamsDorothy AndersonKalei Blamble

Kimberly BolenRachel BowmanRochelle ButlerTeresa ConradEmily DenneyNikki EblinShelly GardnerElizabeth Hayes

Cathy HartKim HeilbrunnLisa MarzlufAnn Marie MastersonJenniffer McNameeStefanie MerrimanCourtney Moore

Theresa Perry Rose RauchKaren ReedWes Richardson

Kristie RittenhousePam RobinsonHolly SandridgeBecky SloneAmanda St. JohnSophia StephensonShannon Tinney

Suellen WatkinsConnie WhitesideLori Zschach

2016 Annual Report

213098.AnnualReport2016.AR.2.17.indd 1

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BY PHONE614.239.0210800.986.3876

BY FAX614.239.0988

BY EMAILcmfcu@columbusmetro.org

BY MAILP.O. Box 13240Columbus, OH 43213-0240

VISIT US4000 E. Broad St.Columbus, OH 43213

6623 E. Main St.Reynoldsburg, OH 43068

5600 N. Hamilton Rd. Gahanna, OH 43230

DSCC Building 20Room B110S

DFAS Building 21Room A132

24-HOUR SERVICESMetroWebwww.columbusmetro.org

Bill Pay Support844.357.5638

Visa® Balance & Payment Inquiries800.442.4757www.gotomycard.com

Lost or Stolen Visa800.442.4757

Lost or Stolen Debit MasterCard®

800.528.2273

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NEW MEMBER DISCOUNTColumbus Metro is pleased to offer its members a new discount to Magic Mountain Fun Centers. Magic Mountain has two Columbus-area locations, Polaris at 8350 Lyra Drive and East at 5890 Scarborough Boulevard.

Metro members can mix and match any six attractions for $34.99, which is 50% off. To redeem, visit www.columbusmetro.org/WhatsNew and print the coupon or show it on your smartphone at checkout.

TEACH CHILDREN TO SAVE DAY IS APRIL 28You teach your children to read, to tie their shoes, to ride a bike. But one of the most important lessons you can ever teach them is how to manage money.

The lessons don’t have to be complicated, and savvy saving can start at any age. Best-selling author Neale Godfrey recommends helping your child split up any money he or she earns, receives or even finds. Show them how to divide their money using the 10% - 30% - 30% - 30% system and put it in four separate, labeled containers. Clear jars are best – this makes savings visible and real. After all, everyone enjoys watching their money grow!

• Charity (10%) – Take 10% off the top to share.

• Quick Cash (30%) – Use this for instant gratification.

• Medium-Term Savings (30%) – Save this for one to six months to purchase something special.

• Long-Term Savings (30%) – Use this 30% for important things in the future, like college.

At Columbus Metro, we offer two programs to help you teach your kids about money: the Metro Kids Club featuring Kirby Kangaroo for children 12 and under, and Claim Your Youth for those ages 13 to 17. And visit the Money As You Grow website, www.moneyasyougrow.org, for age-appropriate lessons about saving, making choices and avoiding debt.

1 YOU NEED MONEY to buy things.

2 You earn money by WORKING.

3 You may have to WAIT BEFORE YOU CAN BUY something you want.

4 There’s a difference between THINGS YOU WANT and things you need.

5 You need to MAKE CHOICES about how to spend your money.

6 It’s good to shop around and COMPARE PRICES before you buy.

7 It can be costly and DANGEROUS TO SHARE INFORMATION online.

8 Putting your money in a savings account will PROTECT it and pay you interest.

9 You should SAVE AT LEAST A DIME for every dollar you receive.

10 Entering personal information, like a bank or credit card number, online is risky because SOMEONE COULD STEAL IT.

11 The sooner you save, the FASTER YOUR MONEY CAN GROW from compound interest.

12 USING A CREDIT CARD IS LIKE TAKING OUT A LOAN; if you don’t pay your bill in full every month, you’ll be charged interest and owe more than you originally spent.

13 When COMPARING COLLEGES, be sure to consider how much each school would cost you.

14 You should AVOID USING CREDIT CARDS to buy things you can’t afford to pay for with cash.

15 Your first paycheck may seem smaller than expected since MONEY IS TAKEN OUT FOR TAXES.

16 A great place to SAVE AND INVEST MONEY you earn is in a Roth IRA.

17 You should use a credit card only if you can PAY OFF THE MONEY OWED IN FULL each month.

18 You need HEALTH INSURANCE.

19 It’s important to save at least three months’ worth of living expenses IN CASE OF AN EMERGENCY.

20 When investing, consider THE RISKS AND THE ANNUAL EXPENSES.

3-5 yrs 6-10 yrs 11-13 yrs 14-18 yrs 18+ yrs

20 THINGS KIDS NEED TO KNOW TO LIVE FINANCIALLY SMART LIVES

moneyasyougrow.org

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I M A G I N E T H E P O S S I B I L I T I E S

Purchase fee of up to $6.95. Monthly inactivity fee of $2.95 after 12 consecutive months of inactivity. Lost/stolen replacement card fee of $5.00. Visa® gift cards and MasterCard gift cards are issued by MetaBank™, Member FDIC. MasterCard is a registered trademark of MasterCard International Incorporated.

Any reason is a good reason, because it’s really all about them.

Want to Know More? Visit:

New couples

New homeowners

New parents

And everyone in-between!

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P.O. Box 13240Columbus, OH 43213-0240

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MEMORIAL DAY Monday, May 29

INDEPENDENCE DAY Tuesday, July 4

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RETHINK THE BELLS & WHISTLES

Expensive navigation and “infotainment” systems. Voice command. Social media integration. Power doors and power folding seats.

Items like these can add thousands of dollars to the price of a new vehicle. But do you really need them? In many cases, these features would be great … if they worked as well as advertised. In others, the smartphone or tablet you already own will work just fine and give you more flexibility.

And don’t forget what more technology can mean in the long term: Glitches. Regular updates. System upgrades. High repair costs when something goes wrong. You can save yourself time, money and aggravation by skipping these features entirely.

If you do have room in your budget for extras, experts recommend safety-related options like back-up cameras and sensors, tire pressure monitoring systems, adaptive cruise control, lane departure warning systems and parking assist systems. They may not be as exciting as some of the other glitzy gadgets, but they could save your life. And that’s worth paying a little extra for.