A Message from the CEO
One of the great things about working for police officers is that we don't have to spend much time wondering what you think about the job that we are doing for you.
You let us know when you are happy with what we are doing, and you do not hesitate to let us have it if you think we have fallen short or if we have made a change that you don't like. In fact, I realized a long time ago that change of any kind, even if it represents an improvement, is a hard sell to most of you.
I am certainly not going to tell you that we always get it right, but I am going to tell you that we are always guided by the concept of doing what we believe is right and in your best interests. Every decision that we make begins with the question of whether or not the consequence of the action being considered will be to your benefit.
Additionally, we strive to maintain all of the things that you love about your credit union, specifically the things that differentiate us from every other financial institution, even as we embrace new and more efficient ways of doing things.
We understand that it is who we are as employees and the members we serve that makes our organization unique. It is not that a credit union is structured differently than a bank. It isn't nearly as much about what we offer as it is about who we offer it to and the level of commitment and understanding with which we offer it.
The bottom line is that we'll keep doing what we do so you have a few less things to worry about as you keep doing what you do. We are here for you and we always will be.
Thank you for your continued loyalty and support!
CPFCU's "Most Wanted"
We are pleased to
"Most Wanted" flier, which offers a snapshot of some of the products and events featured at the credit union each month.
For a complete listing of all CPFCU products, services and educational programs, please click
For rates, please click
Enter To Win a $500 Educational Scholarship!
Investing for the future starts and ends with wise money management skills learned early on and practiced throughout one's lifetime. A major component to accomplishing this goal is the understanding of
thrift - saving funds for future use.
As education is the cornerstone of financial literacy and the reason behind our Financial Planning and Education Center, the credit union proudly introduces the inaugural Educational Scholarship Program, which blends our signature
with the opportunity to win a $500 Scholarship for members 22 years of age or younger.
- We will be awarding $500 Educational Scholarships to two (2) individual winners. Each Scholarship will be designated for the winners' next high school or college term, and will be held by the credit union until such date.
- To qualify you must be 22 years old or younger as of June 30, 2017 and (1) you must open a CPFCU Savings Account, or if you already have a CPFCU Savings Account, you must add a minimum of $10 to your account; (2) ask your CPFCU representative for a scholarship application, or submit an application online by clicking here.
- This contest runs from April 1, 2017 to June 30, 2017.
- Winners will be randomly drawn during a live TBD end-of-summer event at the credit union.
As a "True Blue Family Business," we pride ourselves on working with members through the various stages of your lives, from childhood through retirement. As your lives evolve, so do your financial needs. While we are always here to help you every step of the way, we aim to educate and empower you to gain the understanding you need to take advantage of our many products and services. There is no better way to do this than to start early, practice often, and make saving a habit, which is exactly what we hope to accomplish with this program.
*For complete details, qualifications, and restrictions, please click here
First Time Homebuyer Seminar, Friday, April 7
You never forget your first time!
There's a first time for everything, including buying your dream home.
First Chicago Mortgage Services
invites you to an educational seminar, where you'll score a comprehensive list of tips and tricks focusing on the home buying process. Don't miss this opportunity to "Get In The Game!"
The First Time Homebuyer Seminar is scheduled for
April 7th, 2017, from 10 a.m. to noon, at CPFCU
Headquarters, 1407 W. Washington Blvd., Chicago.
This event is offered free of charge. R
efreshments will be served and guests are welcome. We will also be raffling off an Apple iWatch!
It can be stressful buying your first home. Let us help you
navigate the home-buying maze.
LAST CALL For Balance Transfer -- Ends April 15!
While the Balance Transfer promotion
ends April 15
, the Balance Transfer rate does not expire -- the entire balance that you transfer over will stay at your promotional rate until you finish paying it off.
feature the following:
no annual fees;
no balance transfer fees;
a standard non-variable rate for any new purchases; and highly competitive rates.
The sooner you switch, the sooner you save!
for more information.
*Qualifying credit scores of 660-729 will be eligible for a promotional balance transfer rate of 7.90% APR. Qualifying credit scores of 730 or above will be eligible for a promotional balance transfer rate of 4.90% APR. Members with credit scores below 660 will still be eligible for balance transfers at non-promotional rates. Offer only valid for external balance transfers. Additional restrictions may apply.
Did you say you needed a Loan?
Because of your trust in us (and perhaps also due to our
loan rates!), the credit union is in the midst of 18 months in a row of record loan demand, with last August setting an all-time record for Consumer Loan volume!
for current rates.
Financial Spring Cleaning Check List
As the weather warms up, it's a great time to do some spring cleaning. Don't forget to tidy up your financial affairs while you're at it!
- Check your credit for free by visiting www.annualcreditreport.com. Your report will not include your score, but it will allow you to review everything that's being reported. Be sure to dispute anything listed incorrectly. If you have any questions, please be sure to contact our credit guru, Gwen Hawkins. Meetings with Gwen are confidential and free of charge for members.
- Review any bills that you have set up to automatically renew. Do you have a gym membership that you never use or a premium music streaming service that you never log into? Cancel them both and save money!
- Review your insurance. Make sure that the coverage you have matches your current needs.
- Make sure that your contact information and beneficiary listings are up to date on all accounts.
As your credit union, we look forward to assisting you in any way we can. As you know, our Financial Planning and Education Center offers insurance options and financial planning assistance. If you need any help with any of the tasks above, please feel free to contact us at 312.726.8814.
Senior Branch Representative
My name is Guadalupe Quintana. I am a full-time Senior Branch Representative at the Central branch. I have been with the credit union for eight months.
As a Senior Branch Representative I have a variety of daily responsibilities, including assisting our members with basic teller transactions, assisting with the drive-up, disbursing loans, opening accounts, and introducing our members to the various products and promotions we offer. Every day at the credit union brings the opportunity to hone a skill and learn something new, and I am honored to work with such an amazing team here at the Central branch.
Previously, I worked at Chicago's Byline Bank, where I served in many different capacities during my 18-year tenure there, including starting as a teller and leaving as an Assistant Branch Manager. I performed many duties throughout the branch, ranging from Operations to Customer Service. I am very thankful for all of my experiences, even the bad ones, because every encounter has made me the person I am today.
I am a mother of three beautiful, thoughtful, and caring daughters: Crystal, 18; Cristina, 14; and Lili, 12. I really enjoy going out dancing, watching movies, and spending quality time with my family. I am really passionate about cooking, which I started to perfect at the age of 11 while learning recipe techniques from my grandma. I remember helping her in the kitchen with almost every holiday dinner. Memories like those are cherished forever. The most important thing I've learned is that a good meal brings a family together.
I am very excited to grow within the credit union for many years to come. It really is a privilege to serve our members, who risk their lives for us on a daily basis.
Check out previous Featured Employee bios by visiting
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.
Run To Remember, May 6
On that day, thousands of police officers, family members of fallen officers, and supporters of the CPMF will gather for the event, which begins and ends at Gold Star Families Memorial and Park, located in the
shadow of Soldier Field on Chicago's
The Run to Remember is CPMF's largest annual fundraiser, from which proceeds benefit necessary programs for
Chicago's fallen and catastrophically injured police officers.
This family-friendly athletic event offers a unique opportunity to honor the lives of 575 fallen heroes and express gratitude to the thousands of officers who do their very best each day to keep Chicago and its citizens safe.
How will you pay for your bills in retirement?
Know your income sources
Planning for the next phase in your life is like putting together a puzzle with many different pieces. The first step is identifying potential income sources -- you will want to generate an estimate of earnings in order to budget for bills:
- Social Security: The Social Security Administration offers an online calculator that can provide a rough estimate on what you would be entitled to based on various retirement ages. Go to www.ssa.gov.
- Pensions and Deferred Compensation 457(b): Before you retire, be sure to fully fund your plan to maximize your benefits. Ask your employer the following questions: Do your benefits increase with inflation and, if so, how is the increase calculated? If you pass away, how will the survivor benefit be calculated?
- Other Income Producing Activities: Many retirees plan to work part time, consult or freelance in their retirement years. Other possible resources include rental property. Be aware that if you are already receiving Social Security payments, the additional income from other activities may affect your benefit payments.
- Retirement Savings/Investments: IRAs, Roth IRA's, tax-advantages plans, and other taxable accounts can provide income stream in retirement. Consider how much you can afford to withdraw each year without exhausting your nest egg. Consider the tax consequences, as well as which accounts you will tap into first and which ones you will defer to a later date.
Review your plan at least once a year to ensure you are on track to meet your goals. Be sure to contact the credit union's Financial Planning and Education Center, where our the team from
is available to assist and help you plan for retirement. For a confidential consultation, please call 312.499.8888, or email
The credit union enjoyed celebrating with and paying homage to our law enforcement and military heroes this past quarter. The first of the year included an all-day celebration for LEOs during National Law Enforcement Appreciation Day, while February feted our Veterans during an informational VA Home Loan Seminar and "Meet and Greet" with the Chicago based non-profit War Dogs Making It Home. We also hosted a Job Fair for aspiring leaders, and held a "Retirement Readiness" Seminar for those who will soon complete their working careers.
First Time Homebuyer Seminar, scheduled for April 7 (see article above for details and RSVP information).
National Police Week, May 15 - 21 (be on the lookout for details).
Below are some photos from events held the first quarter.
CPFCU will be closed during the following days:
Saturday, April 15
Saturday, May 13
Saturday, May 27
Monday, May 29