Month: March 2023

Meet your Local TruStage Auto/Home Member/Agent for a Personal Consultation!

Post author By Eric Blackburn
Post date March 29, 2023

Auto/Home insurance is offered through TruStage’s partnership with Liberty Mutual to help you save. Contact Sandra Scavello, our local Liberty Mutual Agent and CorePlus Credit Union member who is passionate about protecting and saving money for fellow members. To learn more about how to get the savings and service you deserve click here.

Sandy Scavello
East Lyme, Foxwoods, Groton, Norwich, Pawcatuck, Plainfield, Waterford
[email protected]
860-230-6600

CorePlus Wealth Management – Keith Noyes Introduction

Post author By Eric Blackburn
Post date March 22, 2023

CorePlus Wealth Management - Keith Noyes Introduction

Dear client,

We are excited to share some great news. Keith Noyes has joined our team as Sales Coordinator, bringing a fresh perspective to CorePlus Wealth Management. In this position he will support Holland, our financial advisor, and looks forward to helping all of you. We wanted to expand our team to provide the best service possible for you, and are thrilled that Keith joined as he will be a great fit for our team.

To help you get to know Keith, here’s a quick glimpse into his background. Keith joined CorePlus Credit Union as a Credit Union Professional where he experienced multiple aspects of the banking industry as well as meeting CPCU’s wonderful members. Keith holds a B.B.A. in Finance from Radford University. During his time at Radford University, he became the President of a student-run portfolio where he was instrumental in growing the portfolio to over two million dollars. Keith is a first generation high school and college graduate and his goal is to help others gain financial literacy & independence. Besides his passion for finance, Keith is a skilled gamer who specializes in strategic games. Keith looks forward to meeting with you and helping you reach your financial goals.

Keith is excited to join us and committed to providing you with the best possible service. If you’d like to welcome Keith directly, his email is [email protected].

All of us at CorePlus Wealth Management look forward to serving you.

Best regards,

Financial Advisor

The CorePlus Wealth Management Services at CorePlus is staffed by Holland Rajaniemi, who can help you map out a personal financial management program.

To set a no-cost, no-obligation appointment, call Holland Rajaniemi at (860) 885-3680, or email at [email protected].

Holland Rajaniemi
CorePlus Wealth Management Advisor
CorePlus Credit Union

202 Salem Turnpike
Norwich, CT, 06360

Announcements News

A Letter from Raymond J. Currier

Post author By Eric Blackburn
Post date March 16, 2023

Dear Members,

Over the last five days the media has reported that two large U.S. Banks have been seized by regulators. Silicon Valley Bank (SVB) and Signature Bank are both ranked among the top 30 banks in the U.S. by asset size. We recognize that headlines concerning these bank failures are troublesome and that you may have questions regarding the safety of your deposits at CorePlus Federal Credit Union.

SVB and Signature Bank were niche banks that dealt almost exclusively with large business depositors that kept large balances well above FDIC insurance limits. SVB had 3% of its deposits covered by the FDIC while Signature had 6% covered. CorePlus is very different than these banks; 96% of our deposits are insured by the NCUA. CorePlus is financially strong. We are considered well capitalized by the NCUA and manage our balance sheet to ensure sufficient liquidity. In addition, CorePlus posts strong earnings quarter after quarter and maintains a healthy loan portfolio with low delinquency.

Understanding share insurance is important. Deposits are insured up to $250,000 per depositor by the NCUA. Members with more than $250,000 on deposit can be covered for much larger amounts of insurance if their accounts are titled properly. If you would like to discuss how to qualify for greater insurance limits, please call us at 860-886-0576 or stop by any branch office. You can also log into www.mycreditunion.gov and use the share insurance estimator to determine your insured level based on your balance and account structures.

If you would like to discuss your concerns with a member of our management team, please call us at 860-886-0576 and we will direct you to the proper person.

Sincerely,
Raymond J. Currier
Raymond J. Currier, EVP/COO

Announcements News

Are My Accounts Insured?

Post author By Eric Blackburn
Post date March 13, 2023

When you choose to bank with CorePlus, your deposits are safe. The National Credit Union Share Insurance Fund insures member funds up to $250,000 per individual depositor in federally insured credit unions, like CorePlus Credit Union.

To learn more about how your funds are protected, view the video below:

“Federally insured credit unions offer a safe place for you to save your money, with deposits insured up to $250,000 per individual depositor. The National Credit Union Share Insurance Fund Insures member savings in federally insured credit unions, which account for about 98 percent of all credit unions in the United States. Deposits at all federal credit unions and the vast majority of state-chartered credit unions are covered by National Credit Union Share Insurance Fund protection, and not one penny of insured savings has ever been lost by a member of a federally insured credit union.”

[NCUAchannel]. (2015, November 30). NCUA Consumer Report: Share Insurance Account Ownership Types [Video]. Https://www.Youtube.com/@NCUAchannel. https://youtu.be/rfu5_xIVOlY

Announcements News

2023 CorePlus Shred Day Schedule

Post author By Eric Blackburn
Post date March 10, 2023

Shred Days are back at CorePlus with three opportunities for you!

These events are held in partnership with Infoshred as a way to protect individuals from identity theft, a growing concern. You may bring personal documents, financial records, credit card statements, insurance forms, canceled checks, bank statements and tax preparation worksheets to be shredded. These events are open to the public – you do not need to be a Member to bring documents to be shredded. To serve as many people as possible, please limit your volume to 3 boxes.

Plainfield

Date: Saturday, April 8, 2023
Time: 9:00am to 12:00pm
Location: 67 Lathrop Road, Plainfield, CT 06374

During this event, we will be accepting toiletry, non-perishable food, and monetary donations for Project PIN.

Waterford

Date: Saturday, May 20, 2023
Time: 9:00am to 12:00pm
Location: 40 Boston Post Road, Waterford, CT 06385

During this event, we will be accepting monetary donations for Higher Edge.

Norwich

Date: Saturday, September 9, 2023
Time: 9:00am to 12:00pm
Location: 202 Salem Turnpike, Norwich, CT 06360

During this event, we will be accepting donations* for Wings of Freedom Animal Rescue.
*Please visit the following page for a list of donation needs: Wingsoffreedomanimalrescue.org/Donate

To keep our employees safe, we ask that you stay in your car at all times. Please open your trunk when you arrive and an Infoshred employee will remove the documents to be shredded.

On-Site Shredding, or Mobile Destruction, is for people who prefer their material be shredded prior to being removed from their facility.

Infoshred is the only vendor in New England to be certified by NAID for secure On-site Document Destruction. Infoshred offers confidential document shredding in Connecticut, Massachusetts, and Rhode Island.

Announcements News

Learn More About Becoming a Habitat Homeowner

Post author By Eric Blackburn
Post date March 6, 2023

Habitat for Humanity of Eastern Connecticut is now accepting applications for homes in Gales Ferry and Norwich only, between March 1-31, 2023.

Habitat for Humanity is a nonprofit organization whose mission is to help families build a place to call home. They believe affordable housing plays a critical role in strong and stable communities.

Learn more about Habitat for Humanity of Eastern Connecticut by visiting www.habitatect.org and be sure to click the button below to view Habitat for Humanity of Eastern Connecticut’s March Program Flyer!

Here's what you should know prior to applying:

Prior to submitting a homeownership application please ensure that you are in Habitat for Humanity of Eastern Connecticut’s service area, which includes all of New London and Windham counties, and six southeast towns in Tolland County. Applicants are required to live in Habitat for Humanity of Eastern Connecticut’s service area. Visit www.habitatect.org/homeownership/service-area for a complete list of towns in the service area.

How to Apply

Go to www.habitatect.org/homeownership to learn more about the program and eligibility requirements.
Starting on March 1, 2023 you can click on the “Application” button on the website and begin the Applicant Information Meeting (AIM). After you watch the video and complete the survey, you can download a pre-qualification application.
The deadline to attend the AIM and submit your completed application is the end of the day on March 31, 2023.

Available homes are located in Gales Ferry and Norwich.

Selection Criteria

As active participants in the building process, eligible Habitat homebuyers are:

In need of better housing.

Potential homebuyers might be dealing with poorly made, unhealthy or inadequate housing; unaffordable rent; homes inaccessible for their disabilities or damaged by natural disasters; or have other shelter needs.
Willing to partner with Habitat.

Habitat homebuyers put in hundreds of hours of “sweat equity,” which means they help build their own home and the homes of others in the Habitat for Humanity house building program, or volunteer at a Habitat ReStore. These prerequisite hours may also include classes in personal finances, home maintenance and other relevant topics to help ensure capability for the demands of owning a home.
Able to pay an affordable mortgage.

The income requirements are based on HUD’s annual income levels and determine the applicant’s ability to afford a monthly mortgage payment and other costs associated with homeownership. Habitat and/or the USDA offers homebuyers an affordable mortgage. Those payments are then cycled back into the community to help build more affordable homes.

Habitat for Humanity of Eastern Connecticut has pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunities throughout the nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin

CorePlus Wealth Management - Keith Noyes Introduction

Plainfield

Waterford

Norwich

Habitat for Humanity of Eastern Connecticut is now accepting applications for homes in Gales Ferry and Norwich only, between March 1-31, 2023.

Here's what you should know prior to applying:

PLEASE READ CAREFULLY BEFORE YOU APPLY.

PLEASE READ CAREFULLY
BEFORE YOU APPLY.