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Cecil County School Employees FCU Enewsletter

In this Issue

Win an iPad!
arrow The Kelly Group
arrow Make Summer a Breeze with Our Skip-A-Loan Payment!
arrow Money Rocks at CCSEFCU!
arrow Annual Scholarship Program
arrow Classified Ads
arrow Reminders
arrow Holiday Schedule

Credit Union Info

Board of Directors
Fred L. Barrett, President
Randy Sheaffer, Vice-President
Donna L. Brown, Secretary
Betty L. Gray, Treasurer / Manager
Michele Dowdell
Edward Herr
James Raab
Thomas Shaffner
Sandra Smith

Education Committee
Josephine L. Cassidy
Carol Duff
Candace Vogelsong

Credit Committee
R. Eugene Clay, Chairman
Nelson Bolender
Gary Lewis

Supervisory Committee
Tom Shaffner, Chairman
Jeff Bundy
James Prigel
Maurice Tenney

Hours and Location

203 Booth Street
Elkton, MD 21921

Our representatives are available Monday through Friday during the
following times:

School Year Hours:
8:00 a.m. to 4:30 p.m.

Summer Hours:
June 22 through August 21
9:00 a.m. - 4:00 p.m.
Monday - Friday


North East:
3135 Biggs Highway,
Suite #6
North East, MD 21901

Our representatives are available Monday through Friday during the
following times:

School Year Hours:
12:00 p.m. to 4:30 p.m.

NEW: ATM Now Available!





Win and iPad!

Win an iPad!

Now until May 31st, 2011, every new loan over $3,000 will be automatically entered into a drawing to win an Apple iPad*!

Auto Loan
Rates as low as 2.50%APR* for up to 36 months! Looking for a low payment? We have terms up to 72 months with rates as low as 4.50% APR**. Already have an auto loan with another financial institution? Refinance it with us and save money. Refinance rates are as low as 5.49%APR**.

Home Equity Loan
Rates as low as 4.00% APR*! Are you looking to put an addition on your home, remodel a room, or just want to consolidate some debt? Then a Home Equity Loan is perfect for you and the interest might even be tax deductible!

Signature Loan
Rates as low as 10.99% APR*! This is the perfect loan for vacation expenses, consolidating credit card debt, or even a tax loan. In addition, we have extended terms for up to 60 months.

Contact the Credit Union today by calling 410-398-6921 or visiting one of our now TWO branches at:

• 203 Booth Street in Elkton
• 3135 Biggs Hwy. at College Crossing in North East

*No purchase necessary. Approved new loans over $3,000 will be automatically entered.
Chances of winning depend on number of entrants. Apple Inc. is not a participant or sponsor
of this program.
**Rates quoted above are for qualified borrowers. Your rate may vary based upon your
individual credit profile.
***Home Equity rate is tied to prime rate and could change at any time.



The Kelly Group (back to top)



Provided by Bryan E. Kelly, CFP and William S. Kelly, CPA, CFP


Leaving a Legacy

You've worked hard over the years to accumulate wealth, and you probably find it comforting to know that after your death the assets you leave behind will continue to be a source of support for your family, friends, and the causes that are important to you. But to ensure that your legacy reaches your heirs as you intend, you must make the proper arrangements now. There are four basic ways to leave a legacy: (1) by will, (2) by trust, (3) by beneficiary designation, and (4) by joint ownership arrangements.

A will is the cornerstone of any estate plan. You should have a will no matter how much your estate is worth, and even if you've implemented other estate planning strategies. You can leave property by will in two ways: making specific bequests and making general bequests. A specific bequest directs a particular piece of property to a particular person ("I leave Aunt Martha's diamond broach to my niece, Jen"). A general bequest is typically a percentage of property or property that is left over after all specific bequests have been made. Typically, principal heirs receive general bequests ("I leave all the rest of my property to my wife, Jane"). With a will, you can generally leave any type of property to whomever you wish, with some exceptions.

You can also leave property to your heirs using a trust. Trust property passes directly to the trust beneficiaries according to the trust terms. There are two basic types of trusts: (1) living or revocable, and (2) irrevocable. Living trusts are very flexible because you can change the terms of the trust (e.g., rename beneficiaries) and the property in the trust at any time. You can even change your mind by taking your property back and ending the trust. An irrevocable trust, on the other hand, can't be changed or ended except by its terms, but can be useful if you want to minimize estate taxes or protect your property from potential creditors. You create a trust by executing a document called a trust agreement (you should have an attorney draft any type of trust to be sure it accomplishes what you want).

Beneficiary Designations
Property that is contractual in nature, such as life insurance, annuities, and retirement accounts, passes to heirs by beneficiary designation. Typically, all you have to do is fill out a form and sign it. Beneficiaries can be persons or entities, such as a charity or a trust, and you can name multiple beneficiaries to share the proceeds. You should name primary and contingent beneficiaries.

Joint Ownership Arrangements
Two (or more) persons can own property equally, and at the death of one, the other becomes the sole owner. This type of ownership is called joint tenancy with rights of survivorship (JTWRS). A JTWRS arrangement between spouses is generally known as tenancy by the entirety, and a handful of states have a form of joint ownership known as community property.

It is important that you consult with your Financial Advisor to discuss which strategy would be best for you and your family. They can assist you in clearly expressing your wishes to an attorney who will draft your estate documents.

Securities offered through Cambridge Investment Research, Inc., A Broker/Dealer, Member
FINRA/SIPC and Investment Advisor Representative. Cambridge Investment Research Advisor, Inc. a Registered Investment Advisor. The Kelly Group and Cambridge are not affiliated.





Make Summer a Breeze with Our Skip-A-Loan Payment! (back to top)

The spring winds are blowing and the warm days of summer are just around the corner. Thoughts turn to road trips, the beach, summer shopping, and getting our homes ready for summertime cookouts. CCSEFCU wants to help you get ready for all of these great activities and make summer a breeze with our Skip-A-Loan Payment Program where you can choose either July or August 2011 to skip your loan(s) payment with us! In fact, you can skip one month's payment for each of your CCSEFCU loans.

All you have to do is: 1) Make sure your loans are current; and 2) Make sure your savings and/or checking accounts are not overdrawn. A $25 processing fee (e.g., from your share savings account) handles the rest. There are no penalties for skipping only a well-deserved break for you and your money. Just complete the form on the back of the newsletter, drop it by our office, or fax to: 410-398-0032.




Money Rocks at CCSEFCU! (back to top)

Who doesn't love to look cool and rock out? Music transports us to a world where anything is possible. Show the youth in your life how their credit union can help make those rock-star dreams a reality.

Visit CCSEFCU the week of April 17-23 and help us celebrate National Credit Union Youth Week. This year's theme, "Money Rock$ At My Credit Union," shows youth and teens how Cecil County School Employees' FCU can help them meet financial goals.

Whether young members are saving up for a vintage guitar, a new iPod, or even a college degree in music, we're ready to lend a hand. That's because CCSEFCU is for members, by members, and we care about youth...and their dreams.

So stop by and rock out with us during Youth Week! We can show young members how money rocks at the credit union. So keep on rockin', keep on dreamin', and keep on comin' to CCSEFCU!




Annual Scholarship Program (back to top)

$1000 to be used at any accredited college or university.

This scholarship is for CCSEFCU members only. Students may join the credit union and then apply. All Cecil County School students are eligible for membership.

Guidelines: for upcoming college students.
To enter, the student must:

  • Be and/or become a member of CCSEFCU
  • Be a Cecil County high school senior
  • Have a GPA of 2.5 or above
  • Submit a two page double-spaced essay on the topic: "How Are Credit Unions Different from Banks?" For example: How are credit unions able to offer the same products and services as banks at better rates with lower fees?

All essays must be forwarded to the credit union at 203 Booth Street, Elkton, MD by April 22, 2011 for a decision to be made by May 6, 2011. For more information, contact the credit union office at 410-398-6921 or e-mail info@ccsefcu.org.

All qualified students are encouraged to apply for this scholarship.




Classified Ads (back to top)




Reminders: (back to top)





Holiday Schedule (back to top)

Please note that your Credit Union will be closed in observance of the following holidays:

Good Friday
April 22, 2011

Easter Monday
April 25, 2011

In-service Training Day
May 3, 2011 –
Opening at 1:00 p.m.

Memorial Day
May 30, 2011

MDDCCUA Annual Meeting
June 10, 2011 –
Closing at noon

Independence Day
July 4, 2011


Cecil County Schools
Federal Credit Union