205 City HallChelsea, MA 02150Phones (617) 884-3599Fax (617) 889-674024-Hr (877) 689-9205cefcu@verizon.netwww.ChelseaEFCU.org

Office HOurs

Monday 8:30 AM - 3:30 PMTuesday 8:30 AM - 7:00 PMWednesday 8:30 AM - 3:30 PMThursday 8:30 AM - 3:30 PMFriday 8:30 AM - 12:00 PM

1025-NL-0315

2nd Quarter 2015

Serving the Employees of the City of Chelsea, Chelsea Housing Authority and Chelsea Restoration Corp.

IMPORTANT NOTICE TO ALL MEMBERSAll member accounts are being verified as of March 31, 2015. Yourstatement of account provides your account activity and balances asof March 31, 2015. When you receive your statement, it is importantthat you compare the figures with your records. If the balances donot agree with your records, please report the differences to theauditor at the address shown below. If you do not receive your statement, please notify the auditor andprovide your name, address, account number and telephonenumber.

R & R Credit Union ServicesKaren A. Reiss, Auditor51 Abbott RoadNorth Reading, MA 01864

CEFCU =

Convenience& Security

Since 1935, our members haverealized that the credit union is therefor all their financial needs. Today,our services are more convenientthan ever. Plus, using these servicescan help protect you from fraudulentactivity.

• Online Virtual Branch atwww.ChelseaEFCU.org: Keeptrack of your account at home toensure there are nounauthorized transactions.

• Mobile App: Access youraccounts at CEFCU through ournew mobile app. Download the“TouchBanking” app today.

• CEFCU Bill Pay: Avoid puttingyour checks in the mail and paybills online to ensure proper andtimely delivery..

• Popmoney: It’s Bill Pay forpeople! Transfer money to orfrom family or friends securelywithout having to share accountdetails.

• CEFCU Debit MasterCard: Noneed to carry checks when ourcards are accepted everywhere.

• Allpoint Surcharge-Free ATMNetwork: download the AllpointNetwork app for locations ofsurcharge-free ATMs.

MOBILE BANKING IS HERE!!!CEFCU is excited to announce the launch of our Touch Banking app,which will allow you access to your accounts for inquiries, transfers,bill pay and person-to-person payments.There are 2 ways to register for Mobile Banking (you must already besigned up for online banking):

1. Download the “TouchBanking” app. Enter the institution code“chelseaefcu6”. Log on as you would with Online Banking.(Minimum length for logon IDs is 6 characters. If your VirtualBranch logon ID is shorter than 6 characters, add zeros to thebeginning to reach 6 digits.)

2. Register through Virtual Branch at www.ChelseaEFCU.org. Afterlogging on, go to the self-service tab>additional services>Mobiliti.Registering this way allows you to choose additional servicessuch as Text Messaging alerts for balances, etc.

LOAN RATESLOAN TYPE TERM RATE

NEW AUTO's 72 Mos 2.90%

USED AUTO's2012-2015 72 Mos 3.90%2008-2011 60 Mos 4.90%2004-2007 48 Mos 6.90%2003 & older 36 Mos 8.90%

All Rates based on 10% down or tradeGAP & MRC Coverage available - save $$$.

100 % Financing available on all model years

PERSONAL LOANS$5,000 Maximum 12 Mos 9.90% 24 Mos 11.90% 36 Mos 13.90%

AUTO & HOME INS 12 Mos 9.90%EDUCATION TUITION 36 Mos 9.90%SHARE SECURED 60 Mos 3.25%

HOME EQUITY 180 Mos 4.00%

Rates listed above are for loans paidthrough payroll deduction or ACH.

Credit Life InsurancePremium $0.61/$1000Credit Disability InsPremium $1.50/$1000

DIVIDEND RATESSHARE TYPE RATE APY

SAVINGS Min Ave BalTIER I $25 0.10% 0.10%TIER II $10,000 0.20% 0.20%TIER III $50,000 0.30% 0.30%TIER IV $100,000 0.40% 0.40%IRA SHARES 0.50% 0.50%

CHECKING 0.10% 0.10%

AVOID THEDANGERS OF PAYDAY

LENDING?Payday loans can be a tempting way to get the money you need to payyour bills, but it is not quite as simple as it sounds. It’s an extremelyexpensive option; in addition it can also lead you down the path todeeper debt. By the time you repay the loan and the related costs fromyour next paycheck, you may find yourself short again and be forced totake out another payday loan or renew the loan to try to catch up. Thiscan become a vicious cycle that is difficult to break. Payday lendersdon’t always consider your ability to pay the loan and instead profit byhitting you with high fees and repeated “rollover” loans. The typical 2week payday loan has an annual interest rate ranging from 391 to 521percent in many states.

“The typical small-dollar lender’s business model depends on havingsome of its borrowers getting caught in a debt trap of repeatedrollovers,” says Adam Levitin, a law professor at Georgetown University.“Any lending model that depends on some borrowers not being able torepay is a real problem.”

Don’t get caught in the Payday lending vicious cycle call or come intothe Credit Union today to learn how we can help.

DATES TO REMEMBERPatriots Day

Monday, April 20

Memorial Day

Monday, May 25

Independence Day

Friday, July 3

NEED $$$?WE HAVE A (LOAN) APP FOR THAT!

We have $$$ to lend you at rates you can afford. Just look at what wehave to offer:

• Car Loans – as low as 2.90% for New & 3.90% for Used.

• Second Chance Car Loans – refinance with the CU and save $$$.

• Home Equity Loans – up to $100,000 at 4.00% with no annual fees.

• Auto & Homeowners Insurance Loans – finance your premiums!

• Education Loans – finance your school or class tuition at 9.90%.

• Also: Personal Loans, Vacation Loans & Holiday Loans!!

Just visit us at www.ChelseaEFCU.org to fill out your application! Or simply come in – we have $$$ to lend!