A Message From the 
Division President

As far back as 2003, your credit union has placed itself on the leading edge of a movement to provide Police Officers and their families with a complete selection of products and services designed specifically for them.

We co-founded the National Police Officers' Credit Union Conference, which just held its 14th annual meeting.  We are a charter member of the Police Officers' Credit Union Association and, in 2014, we obtained the approval to expand our field of membership to include the first-ever national charter granted specifically for the purpose of serving you, the members of the Fraternal Order of Police, and your families.

The credit union will once again be attending the FOP Biennial National Conference & Expo in Nashville this August.  In addition to our booth, we will be fulfilling our mission to provide financial education to our members by presenting a seminar at the conference entitled "Managing Stress by Managing your Finances."

The seminar provides an overview of how to be financially independent as well as a better understanding of credit scores and the influence people have over their own score. 

If you are attending the Biennial Conference this year, please stop by our booth in the Expo Center.  We look forward to seeing you there! 

If we can assist you with anything in the meantime, please do not hesitate to call us. 

Thank you for your continued loyalty and support!
 
Jim Bedinger
Division President

NPCU's "Most Wanted"

Below is this month's "Most Wanted" list, which introduces our newest Member Loyalty promotion.


For a complete overview of NPCU, please click  here.

For rates, please click here.

Annual Meeting Notice

The 79th annual meeting of the members of the Chicago Patrolmen's Federal Credit Union will be held on September 29th, 2017 at 5:00 pm. The meeting will be held at 1407 W. Washington Blvd, Chicago, IL 60607. In accordance with the bylaws of the credit union, the Board President has appointed a nominating committee that has nominated the following persons for three-year terms as members of the Chicago Patrolmen's Federal Credit Union Board of Directors:
 
Tony Navarrete - Currently serving as a Director of the Board for 15 years. Director Navarrete is presently an active sergeant with the CPD.
 
Jim Riordan - Currently serving as a Director of the Board for 12 years. Director Riordan retired after having served 42 years on the CPD.
 
Steve Yee  - Currently serving as a Director of the Board for 2 years. Director Yee is presently an active police officer with the CPD.
 
The Board of Directors has adopted the following criteria, which each nominee had to meet in order to be selected by the nominating committee:
 
* Creditworthiness
* Member in good standing for seven years (good standing is defined as never having caused a loss to the credit union)
* Service on a committee of the Board for at least one year
 
The Board has adopted these criteria and standards in order to ensure that it will continue to provide strong and dedicated leadership, serving the best interests of the credit union and its members.
 
Any member in good standing is also eligible to seek nomination as follows:

Nomination for vacancies may be made by petition signed by 330 CPFCU members in good standing. Each petition shall be accompanied by a signed certificate of the nominee stating that he/she is agreeable to nomination and will serve if elected to office. A brief statement of the nominee's following qualifications and biographical data must accompany the petition and signed certificate: number of years as a member of the credit union; number of years employed by the Chicago Police Department, if applicable; and whether the nominee is active or retired from the Chicago Police Department, if applicable.

In order to be a valid signature on the petition, the member's printed name, home address and last four digits of the member's social security number must accompany each signature. Any member who feels they possess the qualifications necessary to serve on the Board may obtain a petition at the credit union by contacting the Treasurer.

If there is only one nominee for each position to be filled, the election will not be conducted by ballot and there will be no nominations from the floor. Any nominating petitions must be submitted to the care of the Treasurer of the Board at 1407 W. Washington Blvd., Chicago, 60607 no later than 5 p.m. on  Tuesday, August 15, 2017. 

Summer Auto Loans
 
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NPCU's extensive Auto Loan program is designed to fit all your needs!  
  • We offer extended terms to help keep your payment within budget. 
  • We offer financing options for those looking to borrow up to 100% of the vehicle's value, as well as options for those looking to put money down on their cars. 
  • We offer a signature Write Your Own Ticket "blank check" program for well-qualified borrowers, allowing them to negotiate like cash buyers.
  • We offer an easy and convenient Motorcycle Lending process guaranteed to secure you the bike of your dreams at a competitive rate and term. 
  • We offer competitive GAP and Mechanical Breakdown Protection to make sure you don't lose money on your vehicle in the event of an accident or need for repairs. 
  • We offer insurance options and savings opportunities exclusive to credit union members through our partnership with Liberty Mutual. 
Whether you're seeking a new loan or refinancing an existing vehicle, we're here to help. If we find that it makes more sense for you to secure financing with another lender, we'll definitely let you know.  Rest assured that we're on your side!

You may apply for an Auto Loan online by clicking  here or by calling  844.COP.SAVE.

Click  here  for rates. 

Back to School
A Better Way to Pay for Higher Education
 
NPCU now offers a Deferred Payment Student Loan* to help you fill in the funding gaps and delays in department reimbursements. We offer low rates, and the convenience of limited  documentation. 

  • Cover or supplement undergraduate expenses
  • Pay for room and board, and other expenses 
  • Use for graduate funds
  • Make no payments until 6 months after graduation
You may apply for a Deferred Payment Student Loan* online by  clicking   here , or by calling 844-COP-SAVE. 
 
But wait, there's more!

In addition to our  Deferred Payment Student Loan * , NPCU offers additional options for education financing which include:
  • Student Loan Consolidation for members who have completed school and are carrying loan debt. NPCU can consolidate up to $42,000 in student loan debt
  • Tuition Loan for members with children enrolled in private elementary and high schools
And it gets better!

As an additional reward, will we offer a 0. 25% APR**  reduction in the published student loan and tuition loan rates for members who set-up automatic payments on their loans*** 
Rate reduction is only available for Student Loan Consolidations and Tuition Loans. 
The rate reduction promotion will be effective July 15, 2017 and will run through September 30, 2017

To apply for a Student Loan Consolidation or a Tuition Loan online, click here, or by calling 844-COP-SAVE.

Click  here for rates.
 
*$10,000 annual limit applies. $42,000 total maximum limit. Rates as low as 5.9% APR**.
Restrictions may apply.  Must provide a copy of class schedule, tuition bill, and proof of enrollment. Check must be made payable to institution. Interest will continuously accrue on the loan during the deferment period as well as the repayment period. 
**APR= Annual Percentage Rate.
***Member must close or apply for a Student Loan consolidation or Tuition Loan between July 15, 2017 and September 30, 2017 in order to qualify for rate reduction. 


Debit Card Rewards

All NPCU debit cardholders are eligible to earn 1 point for every 2 dollars spent!  Points can be redeemed for merchandise, travel, charitable donations and more. There is no cost to participate. All you have to do is register your card to add this great benefit. 

Click  here to get started. 

Financial Planning and Education Center 

The credit union opened the Financial Planning and Education Center (FPEC) in 2002 in support of one of our core objectives: to provide you with as much financial education and as many financial options as we can.

The FPEC has expanded over the years, but the objective remains the same.  Every product and service that we offer creates an opportunity for you to gain knowledge, choices, and power as a financial consumer.
  • Our Mortgage Services department will assist you with any mortgage need you may have.
  • MAF, our financial planning partner, offers a huge variety of savings, investment, insurance, and retirement options that are tailored to the needs of police officers and their families.  Their guidance and expertise have been especially valuable to many of our members as they sort through the changes taking place regarding their health care and the impact those changes will have on their retirement planning.
  • Our insurance partner offers home, auto, and life insurance with savings opportunities that are exclusive to credit union members.
  • If you are struggling to repair your credit or you need some assistance in managing your debt, Gwen's Helping Hands will assist you, free of charge, courtesy of your credit union.
Every one of these partners offer in-person and Skype seminars throughout the year that are designed to provide you with the information you need and the answers you seek in a small group, obligation-free environment.

If you have not done so already, please consider joining the thousands of your fellow members who have gained valuable knowledge and financial power simply by starting a conversation with one of the resources available through the Financial Planning and Education Center.

Lodge Checking

As part of our ongoing effort to meet all of your financial needs, we are pleased to introduce our FOP  Lodge Checking Program.

About NPCU's FOP Lodge Checking Program:
  • A free business checking program designed exclusively for FOP Lodges.
  • No fees and no minimum balance.
  • The lodges earn a rate of 1.00% APR* on all funds invested in the Lodge checking account.
Lodges with existing NPCU checking accounts were automatically converted to our new program effective January 1, 2017.**

Click  here for current  rates.

To apply for an FOP Lodge Checking Account, please call us at 844.COP.SAVE.

*APR =Annual Percentage Rate.  ** The rate is retroactive to 1/1/17 and applies to all lodges with NPCU checking accounts as of that date.

Start Saving for the Holidays Now!

NPCU's  Christmas Savers Account  is designed to help you save a little money for the most expensive time of year. This Account pays you a higher interest rate than a regular, low-balance Savings Account. If you set a little aside each paycheck, it will add up in a hurry! 

You can deposit money into your Christmas Savers Account through payroll deduction, direct deposit, in person, or by mail. Funds are made available on October 1st of each calendar year. 

Last year, 1,700 members took advantage of the program and they saved a whopping $1,506,359.33!
 
Were you one of the "Savers"?  If not, now is the time to "start saving to spend!"

To sign up for Christmas Savers, please call us at 844.COP.SAVE.

Click  here for rates.

NPCU Visa Credit Cards

NPCU offers a comprehensive  array of  Visa Credit Card options  to fi t a variety of needs, ranging from Copper Cash Back and Silver Low Rate to Student and Secured Cards. Plus, our Signature  Blue Line Rewards Visa  earns you one point per dollar spent on every purchase!

All NPCU Visa cards enjoy the same features:
  • No Annual Fee
  • 25 Day interest-free grace period for purchases
  • Same low, non-variable APR* for purchases, cash advances, and balance transfers
To apply for an NPCU Visa Credit Card, click  here.

If you already have an NPCU Visa Credit Card and would like to discuss switching or adding a new card, please call us at 844.COP.SAVE, and select option 2, or email us at  info@nationalpolicecu.com.

*APR = Annual Percentage Rate.

The Benefits of Credit Counseling
 
With so many credit scores available to you, how do you really know what your credit score is?  What constitutes good credit versus bad credit?  Does it make a difference?
 
Your credit union offers free, confidential credit and financial counseling services to all its members.  How can counseling help you?
 
Our financial counseling may assist you with:
  • Obtaining and reviewing your credit report
  • Understanding and improving your credit score
  • Obtaining a loan at a lower interest rate
  • Qualifying for a mortgage
  • Learning how to budget and save money 
All you need to do is make an appointment with Gwendolyn M. Hawkins, CCUFC, PCE, by calling 844.COP.SAVE, or emailing  ghawkins@cpdfcu.com.  Gwendolyn has over 25 years in the credit union industry. Her service is offered to you at no cost, as long as you remain a member of the credit union.

Featured Employee

Denora Hall, 
Lending Sales Representative
 
My name is Denora Hall. I am a full-time Lending Sales Representative at the Chicago Headquarters location.  I have been with the credit union for nine months.

As a Lending Sales Representative, I assist members with lending products and services. I am a primary point of contact for members to inquire about the various lending products NPCU offers. I also enter loan applications and advise members about additional products for which they may qualify. Every day at the credit union is different and I am thankful to have such a supportive team around me to achieve our goals.

Prior to joining the NPCU team, I worked as a financial consultant for six years at Western & Southern Life Company, where I customized insurance programs for individual and business needs. Prior to that, I worked as a member of Investment Operations for 10 years at Marquette Bank. I have also been licensed with the State of Illinois Department of Insurance for the past 15 years.

I have been married to a Chicago Police officer for the past 17 years and we have six beautiful children. I love being a mother and spending time with my family, especially going out to dinner and a movie. My biggest passion, aside from my family, is traveling and seeing new places.  We love going on vacation to new destinations every year. My most memorable vacation was visiting Cancun, Mexico with my husband.

My favorite thing about working for NPCU is meeting new members every day. I love being able to assist each one of them with their financial needs and goals. I also love the family atmosphere that exists at our organization. Everyone is very willing to assist each other should the need arise. I'm very excited to grow within the credit union for many years to come with all the opportunity for advancement that is offered here. It is a pleasure to be a part of the NPCU family. 


Check out previous Featured Employee bios by visiting  our website.

Coming Soon!

NPCU is excited to announce enhancements to our Credit and Debit Card programs. Stay tuned for details!

Making Your Retirement Last with a 
Qualified Longevity Annuity Contract (QLAC)

Required minimum distributions (RMDs) are amounts the federal government requires you to withdraw annually from employer-sponsored plans or traditional IRAs after you reach the age of 70½. You can always withdraw more than the minimum amount but if you withdraw less than the required minimum, you are subject to a penalty. The purpose of the RMDs is to ensure people don't just accumulate retirement accounts, defer the taxation, and leave retirement funds as an inheritance. 

The question is:  What if you do not need to use your RMDs, what do you do?

The good news: 

In July 2014, the U.S. Treasury  Department removed a significant hurdle that allows individuals to  bypass required minimum distribution (RMD) rules  with respect to a portion of their total retirement savings?
 
What does this mean?  

The regulation helped create qualified longevity annuity contracts (QLACs), a deferred annuity, under which the amount of annuity payments is locked in at purchase. Payments can begin at any age up to 85 years old,  thus allowing you to defer your RMDs to a later time .
 
Individuals with 401(a), 401(k), 403(b), governmental 457(b), or individual retirement accounts (IRAs) are allowed to purchase a deferred income annuity and designate it to be a qualified longevity annuity contract. When properly implemented, a QLAC could reduce Required Minimum Distributions (RMDs) by as much as 25%.
 
Ask us how we can help you make your retirement last. Contact the Financial Planning and Education Center at (312) 499-8888, option 1, to learn  more about Qualified Longevity Annuity Contracts (QLACs).

News About LEOs Across the County

"Blue" Pride and Random Acts of Kindness
 
Individuals and businesses across the country continue coming together to show their appreciation and support of LEOs. While we promote as many of these as we can on our social media pages, the following are a few that deserve extra attention:
 




If you know of any random acts of kindness involving law enforcement, please keep us informed by emailing dispatch@nationalpolicecu.com .  We look forward to hearing from you and sharing your stories!
K9 You Believe It!?

Truly man's best friend, read about some of the top-dog work accomplished this past quarter from K9's throughout the US:







FAMILY TIES
 
The ties that bind are thick, especially in law enforcement, where the "The Thin Blue Line" connects one and all. In addition to "Blue Blood," there are many generational ties within LE, and it is a goal of ours to connect the dots. We kindly request you send us your multi-generational and siblings in LE photos along with a brief family history as we work to create the World's Largest LEO Family Tree. To get started, following are recent stories highlighting those in the "family business": 











In Memoriam

With great sadness, we respectfully pay tribute to the honorable men and women in blue and the brave K-9s whose lives were lost while on duty serving our country last quarter, January 1 through - March 31, 2017:

Harris County Constable's Office - Precinct 3, TX
EOW: Monday, April 3, 2017
 
Barry County Sheriff's Office, MO
EOW: Friday, April 7, 2017
 
Lowndes County Sheriff's Office, AL
EOW: Monday, April 10, 2017
 
Wisconsin State Patrol, WI
EOW: Tuesday, April 11, 2017
 
Spartanburg Police Department, SC
EOW: Thursday, April 13, 2017
 
Logan County Sheriff's Office, OK
EOW: Tuesday, April 18, 2017
 
Puerto Rico Police Department, PR
EOW: Wednesday, April 19, 2017
 
Delaware State Police, DE
EOW: Wednesday, April 26, 2017
 
North Carolina Department of Public Safety - Division of Prisons, NC
EOW: Wednesday, April 26, 2017
 
Ouachita Parish Sheriff's Office, LA
EOW: Sunday, April 30, 2017
 
Pottawattamie County Sheriff's Office, IA
EOW: Monday, May 1, 2017
 
Maury County Sheriff's Department, TN
EOW: Saturday, May 6, 2017
 
Norton Shores Police Department, MI
EOW: Wednesday, May 10, 2017
 
Yell County Sheriff's Department, AR
EOW: Thursday, May 11, 2017
 
Kirkersville Police Department, OH
EOW: Friday, May 12, 2017
 
Stanislaus County Sheriff's Department, CA
EOW: Saturday, May 13, 2017
 
Broadwater County Sheriff's Office, MT
EOW: Tuesday, May 16, 2017
 
United States Department of Homeland Security - Customs and Border Protection - United States Border Patrol, US
EOW: Wednesday, May 24, 2017
 
Lincoln County Sheriff's Office, MS
EOW: Saturday, May 27, 2017
 
Virginia State Police, VA
EOW: Saturday, May 27, 2017
 
Bluefield Police Department, WV
EOW: Tuesday, May 30, 2017
 
Anderson County Sheriff's Office, SC
EOW: Thursday, June 1, 2017
 
Florida Department of Agriculture and Consumer Services - Office of Agricultural Law Enforcement, FL
EOW: Tuesday, June 6, 2017
 
Fryeburg Police Department, ME
EOW: Tuesday, June 6, 2017
 
Texas Department of Criminal Justice, TX
EOW: Friday, June 9, 2017
 
Newport Police Department, AR
EOW: Monday, June 12, 2017
 
Georgia Department of Corrections, GA
EOW: Tuesday, June 13, 2017
 
Georgia Department of Corrections, GA
EOW: Tuesday, June 13, 2017
 
Florida Highway Patrol, FL
EOW: Saturday, June 17, 2017

Illinois State Police, IL
EOW: Wednesday, June 28, 2017

San Antonio Police Department, TX
EOW: Friday, June 30, 2017


K9 Section

Jasper County Sheriff's Office, SC
EOW: Thursday, April 20, 2017

K9 Kyro
Houston County Sheriff's Office, GA
EOW: Tuesday, April 25, 2017


K9 Diesel
Sebastian Police Department, FL
EOW: Friday, April 28, 2017


K9 Freckles
Florida Department of Corrections, FL
EOW: Wednesday, May 10, 2017
Our thoughts and prayers are with the friends and family, blood and blue, of these fine officers, and too many others whose lives were also lost this past quarter from ailments, accidents or natural causes. We thank, appreciate and honor each hero for his or her bravery and ultimate sacrifice. Rest in Peace.
Holiday Closings

National Police Credit Union will be closed during the following days:

Tuesday, July 4                                                 
Saturday, July 8


National Police Credit Union
a division of Chicago Patrolmen's Federal Credit Union

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