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A QUARTERLY NEWSLETTER FOR MEMBERS OF …the help of Community Powered. With our Holiday Loan, you...

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We’re Open A QUARTERLY NEWSLETTER FOR MEMBERS OF COMMUNITY POWERED FEDERAL CREDIT UNION NEWS FLASH Shred Event We will be having a drive- thru shred event at our Bear location. Get rid of your personal papers – securely. Event takes place on November 7, 2020, from 10 AM to 1 PM. FALL 2020 IN THIS ISSUE Loan Rates...................................... 2 Explore the Possibilities ............... 2 Take Advantage of Today’s Low Mortgage Rates with Our Worry- Free Mortgage Application ......... 2 Jingle All the Way ......................... 3 Easy Money .................................... 3 Annual Meeting and Election of Board of Directors ....... 4 Supervisory Committee ............... 4 Home Equity Loan Special Fall into savings with a Community Powered Home Equity Loan. With rates as low as 3.49% APR* and an LTV up to 95% you can consolidate debt, work on home improvements, or pay large bills like college tuition. Call us at (302) 368-2396 or visit www.cpwrfcu.org to apply today. *APR is Annual Percentage Rate and can vary based on creditworthiness and terms of the loan. Limited time offer and subject to membership eligibility. Loan is subject to credit approval. Rate is subject to change. See Credit Union for details. 3.49 % APR* • No application fee • No appraisal fee • No title fee • No points • No closing costs • No hidden fees We’re ready to welcome back our members to reopened branches in Bear, Quigley, and Prices Corner. When you visit, you’ll find we have the same community-minded attitude that puts our members first – plus new steps that emphasize the continued health and safety of everyone. Additional health and safety precautions now include: • Require face masks in branch lobbies* • Increased regular cleanings • Glass partitions for member-facing staff • Installed high quality, HEPA air purifiers • Hand sanitizer stations • Safety signage As always, Community Powered Federal Credit Union is here for our members. Whether you choose to be a part of Community Powered online or in person, we’re glad to have you. Your health, safety, and security remain of utmost importance. *Those unable to wear a mask may utilize our drive-thru at the Bear branch. Home Equity Loan rates as low as
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Page 1: A QUARTERLY NEWSLETTER FOR MEMBERS OF …the help of Community Powered. With our Holiday Loan, you can sled through holiday shopping, cooking, or travel without financial stress. Consider

We’reOpen

A QUARTERLY NEWSLETTER FOR MEMBERS OF COMMUNITY POWERED FEDERAL CREDIT UNION

N E W S F L A S H

Shred EventWe will be having a drive-thru shred event at our Bear location. Get rid of your personal papers – securely. Event takes place on November 7, 2020, from10 AM to 1 PM.

F A L L 2 0 2 0I N T H I S I S S U E

Loan Rates ...................................... 2

Explore the Possibilities ............... 2

Take Advantage of Today’s Low Mortgage Rates with Our Worry-Free Mortgage Application ......... 2

Jingle All the Way ......................... 3

Easy Money .................................... 3

Annual Meeting andElection of Board of Directors ....... 4

Supervisory Committee ............... 4

Home Equity Loan SpecialFall into savings with a Community Powered Home Equity Loan. With rates as low as 3.49% APR* and an LTV up to 95% you can consolidate debt, work on home improvements, or pay large bills like college tuition. Call us at (302) 368-2396 or visit www.cpwrfcu.org to apply today.

*APR is Annual Percentage Rate and can vary based on creditworthiness and terms of the loan. Limited time offer and subject to membership eligibility. Loan is subject to credit approval. Rate is subject to change. See Credit Union for details.

3.49%APR*

• No application fee • No appraisal fee

• No title fee• No points

• No closing costs• No hidden fees

We’re ready to welcome back our members to reopened branches in Bear, Quigley, and Prices Corner. When you visit, you’ll find we have the same community-minded

attitude that puts our members first – plus new steps that emphasize the continued health and safety of everyone.

Additional health and safety precautions now include:

• Require face masks in branch lobbies* • Increased regular cleanings • Glass partitions for member-facing staff • Installed high quality, HEPA air purifiers • Hand sanitizer stations • Safety signage

As always, Community Powered Federal Credit Union is here for our members. Whether you choose to be a part of Community Powered online or in person, we’re glad to have you. Your health, safety, and security remain of utmost importance.

*Those unable to wear a mask may utilize our drive-thru at the Bear branch.

Home Equity Loanrates as low as

Page 2: A QUARTERLY NEWSLETTER FOR MEMBERS OF …the help of Community Powered. With our Holiday Loan, you can sled through holiday shopping, cooking, or travel without financial stress. Consider

Could a new or new-to-you auto be the apple of your eye? Change your ride as you change the season, and pile up the savings. In addition to rates as low as 2.99% APR*, a Community Powered Auto Loan comes with 60 days of no payments.

Not looking to buy, but refinance your current auto loan? Set up an appointment with one of our loan specialists to go over refinance options. Call Community Powered at (302) 368-2396, or visitwww.cpwrfcu.org to apply today.

*APR is Annual Percentage Rate and can vary based on creditworthiness and terms of the loan. Limited time offerand subject to membership eligibility. Loan is subject tocredit approval. Rate is subject to change. See Credit Union for details.

Explore the Possibilities

Phone Numbers

T3: (302) 994-3617 or (800) 303-6980Lost/Stolen Debit/ATM Card: (800) 472-3272Lost/Stolen Credit Card: (855) 895-7844Call Center: (302) 368-2396Monday thru Friday: 9 a.m. to 5 p.m.Saturday: 9 a.m. to 1 p.m.Website: www.cpwrfcu.org

Other Locations

New Castle Office4 Quigley BoulevardNew Castle, DE 19720

Hours:Monday thru Friday:9 a.m. to 5 p.m.

Prices Corner Office1815 Newport Gap PikeWilmington, DE 19808

Hours:Monday thru Friday: 9 a.m. to 5 p.m.

Main Office

1758 Pulaski Hwy Payment Address: Bear, DE 19701 P.O. Box 7739 Phone: (302) 368-2396 Newark, DE 19714-7739 Toll-Free: (877) 368-2396Fax: (302) 392-2949

Hours:Monday thru Friday: 9 a.m. to 5 p.m.* * Starting Oct. 1, 2020

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

Auto Loanrates as low as

2.99%APR*

HOLIDAY CLOSINGSOur offices will be CLOSED in

observance of the following holidays:

Thanksgiving – Thursday, November 26,and Saturday, November 28, 2020

Christmas Eve (Observed) –Thursday, December 24, 2020

Hours of Operation: 9 a.m. to 1 p.m.

Christmas Day – Friday, December 25,and Saturday, December 26, 2020

New Year’s Eve (Observed) –Thursday, December 31, 2020

Hours of Operation: 9 a.m. to 1 p.m.

New Year’s Day – Friday, January 1,and Saturday, January 2, 2021

*APR is Annual Percentage Rate and can vary based on creditworthiness and terms of the loan. Rates are subject to membership eligibility. Loan is subject to credit approval. Rates are subject to change. See Credit Union for details.

Loan Rates – October 1, 2020Loan Type APR* as low asNew Auto ........................................... 2.99% Used Auto .......................................... 3.29%New Motorcycle ............................... 4.99%Used Motorcycle ................................ 5.49%15-Year Fixed Rate Mortgage .....Call for rates30-Year Fixed Rate Mortgage .....Call for ratesFixed Rate Home Equity ................... 3.49% Home Equity Line of Credit –Variable Rate ...................................... 3.25%Home Improvement ......................... 4.99%Unsecured Loan ................................. 7.50%VISA® Credit Card .............................. 9.88%

Federally Insured by NCUA

Worried that your appraisal will be too low? Know your rate and know your home’s value, before committing or walk away without any out of pocket cost*.

• No Upfront Cost• No Pre-approval Fee• No Appraisal Fee Unless You Close The Mortgage Call us at (302) 368-2396 or get started online and get one step closer today.

*Offer available to qualified borrowers applying for an eligible mortgage through Community Powered FCU. This offer is restricted to home purchases or loans refinanced from another financial institution. Loans for primary residence only. All loans are subject to Community Powered FCU internal lending policies, secondary market guidelines, and the unique credit circumstances of the borrower(s). This offer does not apply to Home Equity Loans or Home Equity Lines of Credit. Credit Union rules and regulations apply. Accurate as of 9/17/20. Promotion may change at any time.

Take Advantage of Today’s LowMortgage Rates with Our Worry-Free

Mortgage Application

Page 3: A QUARTERLY NEWSLETTER FOR MEMBERS OF …the help of Community Powered. With our Holiday Loan, you can sled through holiday shopping, cooking, or travel without financial stress. Consider

Easy MoneyEasy and essential. Keep those two words in mind. When you open a new Community Powered VISA® Credit Card, you will receive 0% APR* interest on purchases for6 months. That means you caneasily shop for your everyday essentials while also saving.

Plus, with access to your online account available 24 hours a day, 7 days a week, you can manage your VISA® Credit Card in just a few clicks. Make payments and track your spending online at your convenience. It’s that easy! You can also connect your card to Apple Pay and Google Pay for mobile payments in stores and online.

Additionally, a Community Powered VISA® Credit Card offers:

• No Annual Fee• 25-Day Grace Period on Purchases• Balance Transfers for 3% or $40• Bill Pay by Mail or Online

Treat your wallet to a Community Powered VISA® Credit Card. Call us or apply online today!

*APR is Annual Percentage Rate and can vary based on creditworthiness and terms of the line of credit. 0% intro APR is for 6 billing cycles from date of opening new account. After that, 9.88% - 16.99% fixed APR based on your creditworthiness. Limited time offer, 10/1/20 until 1/1/21 and subject to membership eligibility. Line of credit is subject to credit approval. Rate is subject to change. See Credit Union for details.

Jingle All the WayDo you always say you’ll get to your holiday shopping early? This year, you can finally get that head start with the help of Community Powered. With our Holiday Loan, you can sled through holiday shopping, cooking, or travel without financial stress.

Consider this a gift that continues to give. With a Community Powered Holiday Loan, you can receive up to $5,000 for 24 months at a rate as low as 5.99% APR*. Apply online or call us at (302) 368-2396!

Holiday Loanrates as low as

5.99%APR*

*APR is Annual Percentage Rate and can vary based on creditworthiness and terms of the loan. Limited time offer and subject to membership eligibility. Loan is subject to credit approval. Rate is subject to change. See Credit Union for details.

VISA® Credit Card

%APR*0

Interest on purchasesfor 6 months

Page 4: A QUARTERLY NEWSLETTER FOR MEMBERS OF …the help of Community Powered. With our Holiday Loan, you can sled through holiday shopping, cooking, or travel without financial stress. Consider

Location: Executive Banquet & ConferenceCenter, 205 Executive Dr., Newark, DE

Time: Doors Open 5:30 p.m. Dinner served at6:30 p.m. Meeting begins at 8 p.m. All members are encouraged to attend.

Three Directors will be elected to the board in accordance with Community Powered Federal Credit Union bylaws. The established nominating committee has nominated the following candidates: Adam Hamby, Gerald Logan and Kevin Neale.

Members are advised that Community Powered Federal Credit Union bylaws specify the following:

Any member in good standing, not less than 18 years of age, is eligible for election to the board. Written petitions will be accepted by the nominating committee and must include a brief statement of qualifications, biographical information, and be signed by 1% of Community Powered Federal Credit Union members. Petition packets can be located atwww.cpwrfcu.org/board.php. A completed nomination packet must be sent to the nominating committee at Community Powered Federal Credit Union, 1758 Pulaski Highway, Bear DE 19701 and postmarked by January 23, 2021.

Nominations will not be accepted from the floor and should the number of candidates equal the number of open positions, the chair may take a voice vote or declare each nominee elected by general consent.

Notice of Annual Meeting & Election of Board of DirectorsCommunity Powered Federal Credit Union’s 59th Annual Meeting will be held on Friday, March 5, 2021.

ADAM HAMBYAdam Hamby is a lifelong entrepreneur with a background in Real Estate and more recent involvement in Mergers & Acquisitions. Adam earned a Bachelor of Science degree in Business Administration with a concentration in Finance from the University of Delaware. Adam’s 20+ years of real estate experience includes serving as managing partner of a real estate investment firm focusing on land acquisition and past owner of a real estate investment company which focused on East Coast resort assets. Adam was a partner at a small commercial real estate firm which focused on sales, leasing, valuation and consulting services. Adam currently is a commercial property manager at NAI-Emory Hill. He holds licenses in Delaware and Pennsylvania and is a member of the Commercial-Industrial Realty Council (CIRC). Additionally, Adam is an associate of RLS Associates. RLS specializes in middle-market mergers, acquisitions, divestitures and recapitalization services for companies or business units with revenues of $1 million to $100 million. Adam has served on the Board of Directors at Community Powered Federal Credit Union for the past 9 years and currently serves as the 1st Vice President and Treasurer. Adam has lived in Delaware most of his life. He along with his wife, Jessyca have two daughters.

GERALD LOGANGerald F. Logan retired in 2009 as a Financial Analyst from MBNA/ Bank of America. Gerald worked in the Financial Services Industry for over 37 years, including the New York Stock Exchange. In addition to his many talents, Gerald acquired a certification as a Paralegal and attended Law School for a short period after he retired but made a decision to go in a different direction. He is one of the Founders and Director of the Roadside Guardian Company, Inc., a manufacturer of Automotive Safety Products.

Gerald is certified in the Project Management discipline. Also, he has been an active member in his community, serving on numerous community boards for multiple years. He has served as a member of the Board of Directors of the Grand Opera House and the Mental Health Society of Delaware. He has been active with Community Powered Federal Credit Union by serving on several committees including the “Bylaws Review Committee” and the “Employee Satisfaction Committee.”

KEVIN NEALEKevin Neale is currently employed with ADP as a Human Resource Outsourcing Solutions Sales Executive where he specializes in helping small to mid-size businesses streamline processes and lower administrative costs. He lives in Wilmington, DE with his wife and two daughters. Kevin previously worked for Enterprise Rent-A-Car in a variety of management positions from 2005 until 2015. Mr. Neale is a graduate of Shippensburg University.

Supervisory CommitteeOur Supervisory Committee is a key part of the Credit Union. Do you want to become involved in making sure your Credit Union has established practices and procedures to properly safeguard members’ assets? If you are interested in joining the committee or learning more, please contact the Credit Union at (302) 368-2396.


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