- Retirement Planning Seminar
- Christmas Clubs
- College Savings vs. Retirement Savings
- Shrinking Payments!
- Breast Cancer Awareness
- Hopelessly Devoted to You!
- Employee Anniversaries
- Holiday Closings
Read this newsletter online at http://www.piedmontcu.org/content/fall-2010-newsletter 
Join us on Monday, November 8th at 5:30pm for the second event in our Financial Focus series, Planning for a "Golden" Retirement. For this event we're excited to have a special guest speaker, Richard Jones of Jones & Associates CPA's. Richard has a broad knowledge of all things financial and has served local businesses and individuals with accounting & tax services, retirement, financial & estate planning for the last 14 years.
Retirement Planning is extremely important whether you plan to retire in 5 years, 10 years, 30 years, or even if you are already retired. If you are looking for sound advice which will help make your retirement as "golden" as it can be, then you need to be here!
To register contact Dan Veasey at Piedmont Credit Union or register online at www.piedmontcu.org/financialfocus . The location for this event will be announced soon. The credit union will provide refreshments.
Your Christmas Club will automatically transfer to your share savings account no later than October 18, 2010.
Don't Have A Christmas Club?
Now is a great time to start one! Just speak with any Member Service Representative to start saving up for next Holiday Season!
In each issue of coins we'll feature a Savings Story from our website. You are invited to share your very own stories and experiences relating to money & savings at www.piedmontcu.org/savingsstory .
College Savings or Retirement Savings?
Q: Which goal should have a higher priority? Saving for my child's college education or saving for my own retirement?
We're always talking about how much money you can save by being a credit union member. Recently we compiled some cold hard data to make that point a little more clearly. For your review we present a few real-life examples of how our members have saved money over the past few months.
Credit union member Cecil had a car loan with a lender which specializes in dealer financing. We calculated that his interest rate was more than 23% with payments of $599 per month! That's a very high price to pay for the "convenience" of dealer financing. By letting Piedmont CU refinance his car loan at our much lower rate of 9.25% Cecil will save more than $5,200 over the life of the loan! And his payment dropped to $520 per month! That is even after the addition of Piedmont Credit Union Mechanical Breakdown Coverage for 48 months or 48,000 miles.
Consider credit union member, June, who also let us refinance her car loan which she had at another lender. Her interest rate was 14.70% with payments of $342. What was the Piedmont CU interest rate? 6.50%. Her payment dropped to $279 with a total savings of more than $3,700 over the life of the loan!
Those are just two examples. Take a look at these other real-life examples of credit union members saving money…
|Name||Total Amount Saved||Monthly Payment Reduction|
|Charlie||$1,971||None (reduced term by 7 months)|
|Charlie's Other Car||$2,134||None (reduced term by 7 months)|
Overall, during the months of July and August there were 8 credit union members who moved their car loans from other high interest lenders. Collectively these members will save more than $20,200 over the life of their loans and their monthly payments decreased by an average of $46.
Clearly, there's no better place to get an automobile loan than your local member owned Piedmont Credit Union! How much money could you save?
October 2010 marks the 25th anniversary of Breast Cancer Awareness Month. Piedmont Credit Union is proud to join the fight this year! In addition to a new look for our employees and website you will have the opportunity to make a difference as well.
T-shirts (back pictured) will be on sale for $10 each at the credit union. More than 100% of the proceeds will go directly to the National Breast Cancer Foundation , which in turn uses more than 80% of their donations towards funding free mammograms, patient education and awareness campaigns as well as research.
Stop by our booth and say "Hey!" at the Show-Biz Trade Show sponsored by our local Chamber of Commerce. Can you guess which show-biz theme we've chosen for this year? The show will be at the Institute for Advanced Learning & Research on Tuesday, October 19, 2010 from 12pm to 7pm.
- Joan Wood, 13 years
- Donna Robinson, 10 years
- Kimberly Hairston, 4 years
- Beverly Jeffries-Howell, 4 years
- Dan Veasey, 4 years
- Mary Beale, 2 years
- Veterans' Day - PCU will be closed on Thursday, November 11, 2010.
- Thanksgiving - PCU will be closed on November 25th and 26th, 2010.
- Christmas Eve - PCU will be closed on Friday, December 24, 2010.
- Christmas - PCU will be closed on Monday, December 27, 2010.
- New Year's Eve - PCU will be closed on Friday, December 31, 2010.
- Martin L. King, Jr. Day - PCU will be closed on Monday, January 17, 2011.