Newsletter - March 2008
Your dreams… on the house!
Being an owner has its rewards when you
There is still time to help!
CCU Scoreboard
Kids Corner - March 2008
Your dreams… on the house!
Take advantage of the equity in your home to make your dreams come true. A CCU
home equity line of credit can make your home improvement, vacation, college, or car
dreams become reality! Applying for a CCU home equity line of credit is easy, just
call or visit any credit union location to begin the process. Home Equity Lines of
Credit have a very low prime plus 0 rate*. To make it even better, the credit union
does not impose annual fees to maintain your line of credit, like some other lenders may.
Apply for a Home Equity Line of Credit at CCU between April 14 and May 9 and the
closing costs* are on us! Advances may be made against your approved credit line for
up to five years and you may have up to an additional 10 years to repay. In addition to
the traditional line of credit, the credit union offers more flexibility with an interest
payment only, Home Equity Line of Credit. All qualified borrowers receive Loan Protection
Insurance up to a total of $20,000, at no direct cost to the borrower. This offers your
family the peace of mind and security of knowing that your loan may be paid in the event
of your death or total and permanent disability.
Use the equity in your home for home improvements, consolidation of high rate bills, a
new vehicle, an education, or that much needed vacation. Whatever your dreams... let your
home work for you.
Get your CCU home equity line of credit now and take advantage of great rates, no closing
costs* and great Champion Credit Union service!
*Home Equity Line of Credit rates are variable and based on the prime rate published in
the Wall Street Journal. Champion Credit Union will pay up to $400.00 in closing costs on
new Home Equity Lines of Credit. A minimum advance of $1,000.00 must be done within six (6)
months of closing date to qualify for no closing cost promotion. Consult with your tax
advisor for your specific tax deductibility options. Regular credit approval applies to
all loans.
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Being an owner has its rewards when you
When you borrow at Champion Credit Union, where you are an owner, you get
something back. To show that we appreciate your business; an interest
refund was paid to most members on their loans. The Board of Directors
approved the one percent refund to be deposited into borrowers’ primary share
accounts on March 31. The refund amount is calculated on the interest paid on loans
during the first quarter of 2008.
Your credit union is one of only a handful that pay an interest refund to borrowers.
That makes your great CCU loan rate an even better deal. When you are considering a
new loan, remember that historically your credit union has paid you back for borrowing
and you receive Credit Life Insurance at no direct cost.
This is Champion Credit Union’s way of saying “Thank you” for your continued
support!”
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There is still time to help!
Join Champion Credit Union as we support the 2nd annual Marching Miles
for Miracle Kids march from Toledo to Columbus, April 6 – 24, 2008.
This statewide event supports Children’s Miracle Network and Ohio’s Children’s
Hospitals. There is still time to donate and see how CCU staffers did making
the trek in the first legs of the march. Just click on the Marching
Miles logo (below) for more information or to donate.
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Champion Credit Union Scoreboard
As of December 31, 2007
Members
Total Assets
Total Shares
Total Loans
Total Reserves
And Undivided Income
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6,201
$43,584,549
$36,262,938
$28,779,736
$ 6,626,169
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