Messenger - Charlotte Metro Credit Union

Messenger
A Publication of Charlotte Metro Federal Credit Union
Spring 2015
Board Of
Directors
Election
This year, four Charlotte
Metro Federal Credit Union
Board seats are up for election. The Nominating
Committee managed the process of accepting
applications from members interested in
running for the open seats and a ballot has been
determined. As a member of the Credit Union,
you choose who represents you on the Board of
Directors. That’s an important decision!
Election – In an attempt to increase
Mark Your Calendars For The
2015 Annual Meeting
Our 2015 Annual Meeting will take place on Thursday,
May 14th at the Hilton Charlotte Center City, located at
222 E. 3rd Street. The event will begin at 5:30 p.m. and focus
on the performance of the credit union with reports presented
by the Chairman and Treasurer of our Board of Directors,
the Nominating Committee, the Supervisory Committee,
and our President. This meeting is open to all members.
RSVP beginning April 1
To RSVP, email us at annualmeeting@cmcu.org,
or call us at 704.375.0183 and press option 4.
Be sure to state how many will be attending in your party.
member participation in the annual election
for Board of Directors, balloting will take place
electronically in addition to a paper method. You
may have already received notice regarding the
electronic ballot as online voting began March
17th . To vote online you will be asked to enter a
5-digit PIN, which will be assigned and sent to
you by the credit union, and the last 4 digits of
your Social Security Number in order to access
the election site.
If you do not have the electronic device
necessary to vote electronically, don’t worry;
paper ballots will be mailed out to members on
April 9th.
Online voting will
end on May 13th.
Questions and
Answers about
Home Equity
Loans / Lines
of Credit
Everything you need
to know about
this popular form
of borrowing!
Q: What can equity in your home be used for?
A: Virtually any expense! Debt consolidation,
home improvements, college tuition and even
new cars are just a few ideas.
Q: How do I know if this is my best option?
A: If you compare rates and fees – and add in the possible tax benefits – you’ll
see that a Home Equity Loan generally outpaces other kinds of loans.
Q: Is it ever a bad idea?
A: You may be asking for trouble if you take out a Home Equity Loan to
consolidate high-rate debt – and then you keep adding on new debt. It’s great
to eliminate those credit card balances, but you don’t want to dig a deeper
hole for yourself. Ask us about a credit card with a low fixed rate or switch to a
debit card instead!
Q: How much does it cost to open a
Home Equity Loan / Line of Credit?
A: Do you have a CMCU credit card or checking account?
If so, we pick up virtually all of your closing costs (up to $350). Contact our
lending team for a detailed estimate.
Ready to find out more? Give us a call at 704.375.0183, stop by one of our
convenient branch locations, or visit our website at cmcu.org.
2 SPRING 2015
For up-to-date rates
please visit cmcu.org and click
on rates located on the left side
of the home page.
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