A Message from the CEO
We recently celebrated Police Week with a series of giveaways, some treats, and a lunch at our headquarters.
As you have hopefully noticed, we also make it a point to thank you for your service and your business throughout the year. Police Week, for us, was an opportunity to continue to thank you and demonstrate our appreciation by taking some time to not only treat you to some additional kindness at our locations, but to visit every police district and pass around some good cheer as well.
We had a lot of fun doing it and you seemed to enjoy it, which got me to thinking that we should do more of it. So, we are currently working on some ideas that will help us to create additional moments throughout the year for us to throw a few nice surprises your way.
In the meantime, we are going about our plans to continue to provide you with the best service possible and to give you as many financial options and choices as we can. One of our main goals is to continue to build up and improve upon the many products and services that we already offer.
In support of that goal, we recently introduced a reverse mortgage option, a lease-like auto loan option, and a new loan that is specifically designed to help you build or repair your credit standing.
We will continue to do everything that we can to support you and clearly demonstrate our appreciation for your business.
Thank you for your loyalty and support!
Annual Meeting Notice
The 78th annual meeting of the members of the Chicago Patrolmen's Federal Credit Union will be held on September 30, 2016 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:
- Currently serving as a Director of the Board for 24 years. Mr. Hauser retired after having served 37 years on the CPD.
- Currently serving as a Director of the Board for 17 years. Ms. Hayes is presently an active police officer with the CPD.
- Currently serving as a Director of the Board for 25 years. Mr. Mays retired after having served 31 years on 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:
* Member in good standing for at least 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 312 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, IL 60607 no later
than 5:00 pm on Tuesday, August 16, 2016.
Seize the Day with CARpay Diem!
It's like a lease, but better!
CPFCU is pleased to introduce CARpay Diem, a lease-alternative program for new and pre-owned cars.
Combining the best features of conventional financing with the benefits of leasing, our new low-payment loan program is almost too good to be true!
Like a lease, this signature program offers payments considerably lower than conventional financing on your new or pre-owned vehicle. Yet, unlike leasing, you own the vehicle, so you still receive all of the flexibility and benefits of ownership!
Benefits of CARpay Diem Loans*:
* 100% financing with NO MONEY DOWN
* No security deposit
* No up-front first or last payment
* Option to sell, trade, or refinance the vehicle at anytime
* Option to return vehicle at loan maturity and simply "walk away"
* No early payoff penalty
* Mileage options of 12,000, 15,000 and 18,000 per year available
Below are helpful links to get you started:
If you have any questions, concerns or feedback, please contact us via phone, at 312.726.8814, or send us an email.
*Available for auto loan amounts of $15,000 or more.
Debit Card Rewards
All CPFCU 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.
to get started, or learn more.
Reverse Mortgages Now Available
We are pleased to introduce Reverse Mortgages, a savvy financial offering designed for individuals 62 years of age or older.
A Reverse Mortgage is a loan secured by the equity in a person's primary residence.
Among the many benefits of Reverse Mortgages:
- They can be utilized as part of a retirement strategy
- They can be used to supplement a person's retirement income
- The purchaser of a Reverse Mortgage remains the owner of the home
- There are no monthly mortgage payments
If you are interested in learning more about this program, please contact First Chicago CEO, John Aretos by phone, at 312.499.8878; or by
A Better Way to Pay for Higher Education
CPFCU offers student loans to help you fill in the funding gaps that limited federal aid and delays that department reimbursement can create. Our unique Student Loan Program offers low rates*, the convenience of limited documentation and flexible repayment terms. Borrow up to $42,000* to finance the cost of college.
- Cover or supplement undergraduate expenses
- Pay for room and board, and other expenses
- Use for graduate funds
- Pay off or refinance current student loans
- Must provide a copy of class schedule, tuition bill, and proof of enrollment (except for refinances)
to apply online
or contact a Lending Representative to begin your application:
at 312.499.8847 or toll free at 800.326.8814 Ext. 8047
*$10,000 annual limit applies. $42,000 total maximum limit. Rates as low as 5.9% APR.
Kelli Swier, Branch
Check out previous Featured Employee bios by visiting our website.
My name is Kelli Swier and I am a Branch Representative at the South Branch.
I have been with Chicago Patrolmen's Federal Credit Union since January 4, 2016. Prior to working here, I served as a Branch Representative at University Federal Credit Union in Grand Forks, North Dakota, from where I moved last year due to my husband's job.
I discovered the financial industry via a variety of jobs with various institutions over several years. When I was 18, I started working in collections, which led to customer service and eventually accounting. Four years ago, we made the decision to move from our home in Sioux Falls, South Dakota. Following nine months of being a stay-at-home mom, I decided to re-enter the workforce. The financial industry was a good fit for me because of my work history. I personally have always banked with Credit Unions because I appreciate the integrity and high standards they hold, and I just knew that was going to be my next step.
Currently I am focusing on gaining as much knowledge as possible about the Credit Union, my position and our products. Eventually I would like to move up the ladder and into different positions within the ranks of Chicago Patrolmen's.
One of my favorite parts of working at Chicago Patrolmen's is talking with the members. I thoroughly enjoy getting to know them personally. As a "people person," I like meeting and interacting with interesting individuals.
One of my other favorite things about the Credit Union is the continued support and encouragement by everyone here to make your goals a reality. It is such an inspiration to set future goals. It's awesome how the managerial staff makes it a priority to help you achieve those goals.
My proudest achievements are my kids. They are growing up to be amazing people - kind, smart and fearless. My daughter Alyssa, 14, is very artistic; she loves to draw, paint and take pictures. My son Elijah, 11, plays basketball and loves card games. We all love to play with Frank, our family pet, who is a red-footed tortoise.
CPFCU Visa News
CPFCU Visa Cardholders will be pleased to know that both Costco and Sam's Club now accept all Visa cards in their warehouses and online! Now you can shop and save with us squarely in your pocket.
And, if you want to earn some money as you shop and save, don't forget to check out our Blue Line Rewards Visa, which generates one point per dollar spent on every purchase. There are even Bonus Point Days to
earn extra points.
And, first-time users get the added bonus of earning 30,000 points if they spend $3,000 on purchases within the first 90 days.*
Click here to learn more about CPFCU's Blue Line Rewards Visa card.
*Cash Advances and Balances Transfers are excluded. Any returns and/or refunds will be subtracted from the $3,000 spent.
Be sure to check it out so you can manage your finances from your mobile device!
The CPFCU Mobile App is getting outstanding reviews. You can securely access your accounts anytime, anywhere!
Use the app to:
- Check your account balances
- View your account transaction history
- Transfer funds between eligible accounts
- Pay bills on the spot
- Locate an ATM
- & More!
Learn more by visiting our Mobile App info page, then download the app to your mobile device. Enjoy the convenience and peace of mind that comes with having access to your CPFCU account on the go!
CPFCU Blood Drive, July 25, 2016
CPFCU is pleased to host a Blood Drive in conjunction with
Heartland Blood Centers
, an independent, not-for-profit blood center that relies on the support of the community to ensure blood and blood products are available to patients throughout the Chicagoland area and Northwest Indiana.
Following your donation, we invite you to enjoy a snack and soda on us.
The Blood Drive will be held on Monday, July 25, 2016, from 10 a.m. to 2 p.m., at CPFCU Headquarters, 1407 W. Washington Blvd., Chicago.
Illinois Harley-Davidson at CPFCU, August 1, 2016
Beat the dog days of summer by checking out a sparkly new 2016 Harley-Davidson motorcycle on display at CPFCU Headquarters.
While, sadly, you cannot take it for a spin, you can speak with a Harley-Davidson representative about any questions you may have. Also on hand will be CPFCU staff and our Liberty Mutual representative, Andrew Cross, with whom you can speak about finance opportunities and competitive insurance coverage.
This all-day event, which is scheduled for Monday, August 1, from 9:30 a.m. to 5 p.m., at CPFCU Headquarters, 1407 W. Washington Blvd., Chicago, is presented as a partnership between CPFCU, Illinois Harley-Davidson and Liberty Mutual Insurance.
CPFCU will be closed
Saturday, July 2, 2016, and
Monday, July 4, 2016 for Independence Day; and
Saturday, September 3, 2016, and
Monday, September 5, 2016 for Labor Day.