A Message from the CEO
We opened our Financial Planning and Education Center in 2002 in support of one of our core objectives, which is 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 through the FPEC creates an opportunity for you to gain knowledge, choices, and power as a financial consumer.
Our wholly owned mortgage services subsidiary, First Chicago, will assist you with any mortgage need you may have.
Liberty Mutual 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 is on site and will assist you, free of charge, courtesy of your credit union.
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.
Additionally, every one of these partners offer 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. Also, be sure to check out our Financial Planning and Education Center
page, which features valuable tips and information about upcoming events.
As always, thank you for your continued loyalty and support!
Skip-A-Pay is Back!
Extra Jingle in your Pocket, Extra Cheer for the Holiday!
The holiday season is almost here and CPFCU is tracking down some extra cash for our members!
We know that holiday expenses can add up, and Skip-A-Pay is the perfect way to have some extra cash right when you need to!
How does it work? Simply apply online at www.cpdfcu.com between October 3 and November 23, 2016.
If your application is approved, you will have the opportunity to skip your December loan payments. There is a $30 fee per loan to skip a loan payment, and at least half of that amount will be donated to
Chicago Police Memorial Foundation
. Enjoy more cash on hand for the holidays and support the
Chicago Police Memorial Foundation
through CPFCU's Skip-A-Pay program.
Please note that you will need to apply for each loan individually. The following loans are not eligible for Skip-A-Pay:
Home Equity, Homeowner Loans, Mortgages, Visa, Overdraft Protection, 10-1, Student, Tuition, CARPay Diem, Credit Builder and Member Business Loans. Any loan with an original term of 12 months or less is ineligible. If an approved loan is refinanced before the payment is skipped, the new loan will not be eligible for the promotion.
Only the December 2016 loan payment may be skipped. The finance charge on your loan will continue to accrue and the term of your loan will be extended by one month. Additional restrictions may apply.
Please note that applications will only be accepted online.
Have you Heard?
Our Auto Loan Program Is Better Than Ever!
CPFCU can't stop talking about our Auto Loan program only because we want to make sure you take advantage of our great rates while we still have them!
Did you know our
are as low as 1.49 APR*? Additional benefits of our Auto Loan program include:
- 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 Route 66 Auto Coverage, an extended warranty option often priced significantly lower than dealership plans.
- 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 our Write Your Own Ticket "blank check" program to well-qualified borrowers, allowing them to negotiate like cash buyers.
And, if that's not enough, we recently introduced CARPay Diem, a lease-alternative program for new and used automobiles (see article below for more information on CARPay Diem).
So, whatever it is you're concerned about in financing your next vehicle, let us see how we can help! If it ever makes more sense for you to secure financing with another lender, we'll tell you.
You can apply for an Auto Loan or CARPay Diem online by clicking
, or calling 312.726.8814.
for current rates.
*Rates vary according to credit scores. Additional restrictions may apply.
Seize the Day with CARpay Diem!
It's like a lease, but better!
CPFCU has been hearing raves about our recently-introdcued 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
* 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.
Weren't You Recently Asking About Reverse Mortgages?
We thought so, so here you go!
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
Check out CPFCU's new Travel Voucher
This convenient form is located on our
under the "Tools & Education" tab in the "Useful Forms" section.
It's easy to use: Click on the form, fill it out and send us your travel dates at least two days before your departure. This
helps prevent your CPFCU debit/credit cards from being blocked by letting us know to expect transactions outside of your home area.
Hello, my name is Tom O'Reilly and I am a Branch Representative for the credit union.
I started working at the North Branch this March. I quite enjoy my daily duties as Branch Representative, which include processing basic transactions, solving account issues, and, overall, trying to be as helpful as I can to our members. I recently started dispersing loans, which really gives me a chance to help others on an individual basis.
I am the second of six children: I have three brothers and two sisters. I grew up on the North side of Chicago in East Rogers Park. My son, Luke, just started his junior year of high school.
If I'm not playing a sport, on an adventure with my girlfriend, or watching the Cubbies, I am probably with my family.
My whole family tries to support the Chicago Police Memorial Foundation as much as possible. Whether it's volunteering, running, golfing, or you name it, we try to be there.
Being part of the Gold Star Families has shown me a different side to the Chicago Police Department. I was introduced to the Chicago Police Memorial Foundation, 100 Club of Chicago, and an endless number of officers offering help when my step-father was killed in the line of duty. My siblings and I will forever be indebted for their support and assistance. When the opportunity to work for the credit union came up, I was excited. I now have the chance to return the favor.
I enjoy working for CPFCU because of the environment. Everyone is invested in each other's success.
Check out previous Featured Employee bios by visiting
CPFCU Visa News
Don't forget: Both Costco and Sam's Club now accept all Visa cards in their warehouses and online! Grab your CPFCU Visa (or
for one today) and start shopping smartly 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.
CPFCU Labor Day Raffle Winners
CPFCU hosted its first-ever Labor Day Raffle to win a $50 Visa gift card. We raffled off one $50 Visa gift card for every 10 qualified loans we received, so participants had a one in 10 chance of winning!
Congratulations to our Raffle Winners:
Kenneth W.; Delores R.; Murray H.; Ivan C.; John F.; Paul M.; Tahch D.; Saliou D.; Kimberly R.; Frank M.; Mark D.; Eugene W.; John T.; Jawaan M; Paris T.; Eva G.; Vincent A.; Juan C.; Kenneth P.; Roberto G.; Nicholas D.; Lonnie S.; Miguel G.; Anna M.; Dennis H.; Kelly B.; and Anna N.
On behalf of everyone at the credit union, it is our distinct pleasure to thank our members for continuing to turn to us for your lending needs. Because of your trust in us (and perhaps also due to our unbeatable loan rates!), we have experienced thirteen consecutive months of record loan volume, with August setting an all-time record for Consumer Loans!
with Gwen are confidential, informative and, best of all, free of charge
for all CPFCU members!
Interested in raising your credit score, or learning more about what a credit score even means? Contact CPFCU's credit partner,
of Gwen's Helping Hands. Gwen's office is conveniently located at CPFCU Headquarters, in the Financial Planning and Education Center. Meetings
Did you Know....
CPFCU members can conduct basic transactions at participating credit
unions that are part of the Co-Op Shared
Branch Network! This benefit is offered free of charge to members.
Find a location by visiting our website and clicking on the "Location" button in the "About Us" section, or click here.
The CPFCU Mobile App is getting outstanding reviews. You can securely access your accounts anytime, anywhere!
Use the app to:
1. Check your account balances
2. View your account transaction history
3. Transfer funds between eligible accounts
4. Pay bills on the spot
5. Locate an ATM
6. & 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!
Save The Date:
Steps To Plan For Your Retirement
Tuesday, November 2, 2016, at 10 a.m. or 3 p.m.
MAF Companies, in conjunction with CPFCU's Financial Planning and Education center, is pleased to present the following encore retirement seminar
There are so many questions when you retire:
- What is the cost of health insurance today?
- Am I eligible for Medicare?
- If I retire and my spouse is younger than me, what happens at age 65?
- If I retire and my spouse is older than me, what happens at age 65?
- What alternative solutions are available for my personal situation?
MAF Companies has developed this signature seminar to discuss alternative options and answer any questions you may have.
The seminar is scheduled for Tuesday, November 2, which will be offered in two time slots: 10 a.m. and 3 p.m. The event will be held at CPFCU Headquarters, 1407 W. Washington Blvd., Chicago. The seminar is offered free of charge to all members, and refreshments will be served.
To RSVP, please call 312.499.8888 option 1,
. Please specify which time slot you will be attending: 10 a.m. or 3 p.m.
Additional Upcoming Seminars:
Retiree Medicare Insurance
November 9, 10 a.m., CPFCU Headquarters, 1407 W. Washington Blvd.
Under Age 65 Health Options
November 9, 3 p.m., CPFCU Headquarters, 1407 W. Washington Blvd.
Retiree Medicare Insurance
November 16, 10 a.m., CPFCU North Branch, 5310 N. Harlem Ave.
Under Age 65 Health Options
November 16, 3 p.m., CPFCU North Branch, 5310 N. Harlem Ave.
These events, which are offered free-of-charge to members, are presented by MAF Companies in conjunction with CPFCU's Financial Planning and Education Center.
To RSVP, please call 312.499.8888 option 1,
. Please specify the name, date and time of the seminar you would like to attend.
Photos from First Chicago Mortgage Services' "Brunch with a Broker"
This month's "Brunch with a Broker" Fall Homebuyer Workshop was a huge success, and we thank everyone who attended the event.
The seminar was led by FCMS CEO John Aretos and Senior Loan Officer Kristen Kulinczenko. Also presenting were Gwen Hawkins of Gwen's Helping Hands; and members from the Ongena Group at @Properties.
Join us in congratulating Raffle Winner Tasha Miller (pictured in the middle between Jim Ongena and John Aretos), who won an iPad Mini! Way to go, Tasha!
CPFCU will be closed Saturday, October 8, 2016, and Monday, October 10, 2016 in observance of Columbus Day.