A QUARTERLY NEWSLETTER FOR MEMBERS OF COMMUNITY POWERED FEDERAL CREDIT UNION

N E W S F L A S H

Get InvolvedOur Supervisory Committee serves an important function. Ask the tough questions, establish best practices and procedures, and work with management to safeguard members’ assets. Does this sound like you? If you are interested in becoming a member of the committee, please contact the Credit Union at (302) 368-2396.

S U M M E R 2 0 2 0I N T H I S I S S U E

Home Equity Loan Special ........... 2

2020 Scholarship Winners ............ 2

Coming Togetheras a Community ............................. 3

Our Home and Mobile BankingLet You Bank On Your Time .......... 3

Fun Summer Home Projects ........ 3

Loan Rates ...................................... 4

More Savings. More Possibilities... 4

Community PoweredPrivacy Policy Statement .............. 4

Make a Splash!This summer is about sun and fun. Zip into rates as low as 2.99% APR* when you finance your Auto Loan with Community Powered. It’s a fast and easy way to ensure you have the cash you need to put money in the tank or put your finances toward a more important project.

Plus, with 60 days of no payments, you can focus on enjoying your summer. We’re fueled up and ready to take you to the finish line! Find the vehicle you want, and then give us a call. When your loan is approved, you’ll also receive a $50 Wawa Gift Card. Call us at (302) 368-2396 to get started today, or apply online.

*Limited time offer and subject to membership eligibility. Loan is subject to credit approval. APR is Annual Percentage Rate and can vary based on creditworthiness and terms of the loan. Rate is subject to change. Call Credit Union for details.

Auto Loan rates as low as 2.99%

APR*

Worried that your appraisal will be too low? Know your rate and know your home’s value, before committing or walk away without paying any out of pocket costs.*

• No Upfront Cost • No Origination Fee • No Appraisal Fee • No Pre-approval Fee

Don’t let the summer splash by. Call us at (302) 368-2396, or get started online and get one step closer to home today!

*Eligibility restrictions apply. Limited time offer.

Take Advantage of Today’s Low Mortgage Rates With Our Worry-free Mortgage Application

• No application fee • No appraisal fee

• No title fee• No points

Home Equity Loan SpecialWith rates as low as 3.49% APR* and an LTV up to 95%, a Community Powered Home Equity Loan puts more money in your pocket. That means you can apply the power of your home to help you consolidate debt, work on home improvements, or pay college tuition or other large bills.

Call Community Powered at (302) 368-2396, or visit www.cpwrfcu.org to apply today.

*Limited time offer and subject to membership eligibility. Loan is subject to credit approval. APR is Annual Percentage Rate and can vary based on creditworthiness and terms of the loan. Rate is subject to change. Call your Credit Union for details.

Phone Numbers

T3: (302) 994-3617 or (800) 303-6980Lost/Stolen Debit/ATM Card: (800) 472-3272Lost/Stolen Credit Card: (855) 895-7844Call Center: (302) 368-2396Monday thru Friday: 9 a.m. to 5 p.m.Saturday, 9 a.m. to 1 p.m.Website: www.cpwrfcu.org

Insured by NCUA

Other Locations

Newark Office401 Eagle Run RoadNewark, DE 19702

Hours:Monday thru Friday:9 a.m. to 5 p.m.

New Castle Office4 Quigley BoulevardNew Castle, DE 19720

Hours:Monday thru Friday:9 a.m. to 5 p.m.

Prices Corner Office1815 Newport Gap PikeWilmington, DE 19808

Hours:Monday thru Friday: 9 a.m. to 5 p.m.

MLK Blvd Office 630 MLK BoulevardWilmington, DE 19801

Hours:Monday thru Friday:10 a.m. to 6 p.m.

Delmarva Power payments only.

Main Office

1758 Pulaski Hwy Payment Address: Bear, DE 19701 P.O. Box 7739 Phone: (302) 368-2396 Newark, DE 19714-7739 Toll-Free: (877) 368-2396Fax: (302) 392-2949

Hours:Monday thru Friday: 8 a.m. to 5 p.m.

Saturday Hours 9 a.m. to 1 p.m.

HOLIDAY CLOSINGS

Our offices will beCLOSED in observance

of the following holidays:

Independence DayFriday, July 3 & Saturday, July 4, 2020

Labor DaySaturday, September 5 and

Monday, September 7, 2020

2020 Scholarship Winners

Sierra is a senior graduating from MOT Charter High School as an Engineering major. She’ll continue her education at Delaware Technical Community College as a Nursing major.

Haley is graduating from Polytech High School located in Woodside, Delaware. She’ll be attending the University of Delaware in the fall, majoring in Criminal Justice, with a minor in Child Psychology.

Andrew is graduating from Alexis I DuPont High School and will be attending the University of Maine this fall studying mechanical engineering.

Haley Ryan Andrew WinslowSierra Szper

*Limited time offer and subject to membership eligibility. Loan is subject to credit approval. APR is Annual Percentage Rate and can vary based on creditworthiness and terms of the loan. Rate is subject to change. Call Credit Union for details.

3.49%APR*

Home Equity Loanrates as low as

• No closing costs• No hidden fees

Fun Summer Home ProjectsOur Home and Mobile Banking Let You Bank On Your TimeThe power of your local credit union is accessible anytime, anywhere thanks to mobile and at-home banking options. Our goal is to help make your banking easier. Community Powered resources are available 24/7 via these online and mobile tools for account access and banking.

Online Banking: Check your balances, view your transactions and statements, transfer money between accounts, and make loan payments from the convenience of your home. With our BillPayer services, you can make express or recurring payments with a simple click.

Mobile Banking: View account balances, transfer funds, and pay bills, safely and securely, right from your phone.

Mobile Deposit: Deposit checks easily using our Mobile Banking App and skip the trip to the branch or ATM.

Google Pay and Apple Pay: The things you love about your Community Powered Visa® and Debit Card are right on your Android phone with Google Pay and iPhone with Apple Pay! Experience a contactless and simple checkout.

Not enrolled in Online Banking? It only takes a few minutes. Enroll today by heading to www.cpwrfcu.org

and clicking on our “Online Services” tab. After you are enrolled, you can download our Mobile Banking App and follow the instructions to activate your account.

Popsicles, sunshine, flowers. In every way, summer brightens our days and adds a sense of wonder and magic to otherwise ordinary activities. The adventure could start in your own kitchen or backyard with these fun projects!

Plant your own vegetable garden. If you’ve ever wanted to enhance your green thumb, this is the summer to do it. For sweet rewards, expand your garden to include tasty, edible summer fruits and vegetables.

Build a fire pit for excellent s’mores. If easy nights outside enjoying something sweet are more your style, this could be the summer you upgrade your outdoor space. Adding a fire pit could take less time than you think.

Pitch a tent in the backyard. A world of adventure awaits when you pitch a tent for some at-home camping. Turn an ordinary summer night into an exciting staycation. Sleep under the stars or simply set up an outdoor nook for lazy afternoons.

Pick a color and paint a room. Spruce up the house to spring into summer! A fresh color will liven up any room and breathe new life into four walls, so pick a color, pick a room, and paint. Give your bedroom a makeover with fresh new sheets and towels, and it will feel like you’ve turned your home into a boutique hotel.

Coming Together as a CommunityCommunity Powered has always been about connections. We’re your neighbors, family, and friends. We help you focus on what’s really important, from paying for an education to planning a wedding and buying a first home. In everything we do at Community Powered, our members are our priority.

In response to the coronavirus (COVID-19) concern, we are here, as always, to serve our membership safely and securely, and have made the following adjustments to do so.

• Our Bear Drive-Thru continues to be open during our normal operating hours: Monday through Friday, 8 a.m. to 5 p.m., and Saturday, 9 a.m. to 1 p.m.

• Our Bear, Prices Corner, and New Castle lobbies are open by appointment only during their normal business hours. To schedule an appointment, please call (302) 368-2396. The call center hours are Monday through Friday, 8 a.m. to 6 p.m., and Saturday, 9 a.m. to 1 p.m.

We recognize that in light of recent events, some of our members might face unexpected financial difficulties. If you are affected, please contact us. We’ll get through this with the same spirit and outlook that make Community Powered special to our staff and members. Call us at (302) 368-2396 to discuss your options and find out how we can help.

*APR is Annual Percentage Rate and can vary based on creditworthiness and terms of the loan. Rates are subject to membership eligibility. Loan is subject to credit approval. Rates are subject to change. See Credit Union for details.

Loan Rates – July 1, 2020 Loan Type APR* as low as

New Auto 2.99%

Used Auto 3.29%

New Motorcycle 4.99%

Used Motorcycle 5.49%

15-Year Fixed Rate Mortgage

30-Year Fixed Rate Mortgage

Loan Type APR* as low as

Fixed Rate Home Equity 3.49%

Home Equity Line of Credit – Variable Rate 3.25%

Home Improvement 4.99%

Unsecured Loan 7.50%

VISA® Credit Card 9.88%

Call For Rates

Call For Rates

There are more reasons than ever to love being a member of Community Powered Federal Credit Union.

Your credit union membership is about the trust and care of community, built around where you live, work and play. That’s why Community Powered Federal Credit Union membership saves you money through exclusive member-only offers through our trusted partners. Through Love My Credit Union Rewards, credit union members have saved over $2 billion with offers like:

Credit union members get $200 when you switch to Sprint! Plus, $100 Annual Loyalty Cash Rewards and 25% off select accessories in Sprint retail stores.

Credit union membership also saves you up to $15 on TurboTax federal products.

Members save on SimpliSafe, the #1 expert pick for home security.

Save 30% on premium identity protection from Financial Lock.

Save on car maintenance + get $10 off your first service using CarAdvise.

Community Powered Federal Credit Union members can save big with an exclusive discount from the TruStage Home & Auto Insurance Program.

Learn all about how your Community Powered Federal Credit Union membership gets you all these exclusive savings and more at LoveMyCreditUnion.org. Check them out and start enjoying credit union member benefits you never knew you had.

Limited time offers. Activ. Fee: Up to $30/line. Credit approval req. Cash Reward Offers: Phone lines only w/ 1 line on Unlimited Plus or Unlimited Premium plan. Avail. for eligible credit union members & member employees. $100/line, max 2 lines. Req. activ. at point of sale. Excl. prepaid & ports made between Sprint or related entities. Limit 1 Sprint Perks Corp ID per acct. No add’l. discounts apply. Loyalty Reward: $100/acct./yr. when acct. remains active and in good standing each yr. Transfer Reward: Existing Sprint customers who validate or transfer to the Sprint Cash Reward Program are eligible for a $100/acct./yr. deposit on 12 mo. anniversary. Deposit: Cash Reward issued by CU Solutions Group. Sprint acct. must remain active and in good standing for 31 days to receive Cash Reward. Allow 8-10 wks. for Cash Reward to be deposited to your Credit Union acct. If the Cash Reward does not appear after 10 wks., visit lovemycreditunion.org/reward-tracker. Satisfaction Guarantee: Call us to deactivate & return to place of purch. with complete, undamaged phone/device & receipt w/in 30 days of activ. We’ll refund your phone/device cost, svc. charges & activ. fee. Excl. int’l. usage not incl. in plan, prem. content & 3rd party billing. We’ll refund your phone/device cost. Sprint dealer may impose add’l. fees. A $45 restocking fee may apply. Visit sprint.com/returns. Other Terms: Offer/coverage not avail. everywhere or for all phones/networks. May not be combinable with other offers. Accounts that cancel lines within 30 days of activating on promo pricing may void savings. Offer, terms, restrictions, & options subject to change & may be modified, discontinued, or terminated at any time without notice. Restrictions apply. © 2019 Sprint. All rights reserved. Sprint & the logo are trademarks of Sprint. Other marks are the property of their respective owners.

MORE SAVINGS.MORE POSSIBILITIES.

Community Powered FCU Privacy Policy Statement

Community Powered Federal Credit Union is committed to making available financial products and services that will enable our members to meet their financial needs and reach their financial goals. Whether at a branch, at an ATM, on the telephone, or online through the internet, protecting personal information and using it in a manner consistent with member’s expectations is a high priority to everyone associated with Community Powered Federal Credit Union.

Member privacy is important to us. At Community Powered Federal Credit Union, we are committed to providing you with the finest products backed by excellent service. While information is fundamental to our ability to provide products and services, we fully recognize the importance of protecting your personal and financial information.

To ensure that members can rely on the quality products and services available through Community Powered Federal Credit Union and its affiliated companies, we have enacted the following privacy policy:

Community Powered Federal Credit Union will collect only the personal information necessary to conduct our business. That means just what is necessary to provide competitive financial products and services and nothing more.

Community Powered Federal Credit Union will restrict the access to non-public members information solely to staff who need to know this information, and are trained in the proper handling of nonpublic information. Staff who violate the policies are subject to disciplinary action.

Community Powered Federal Credit Union will protect your personal information. Our credit union will maintain strong security controls to ensure that your information in our files and computers is secure. When appropriate, we will use security coding techniques (such as Personal Identification Numbers) to protect against unauthorized access to personal records, to ensure the accuracy and integrity of communications and transactions, and to protect member confidentiality.

Community Powered Federal Credit Union members will always have access to their information. As a member of Community Powered Federal Credit Union, you will always have the opportunity to review your information. When notified of an error, we will promptly make changes to ensure that our records are complete and accurate.

Community Powered Federal Credit Union will only share information when absolutely necessary. We will share information used to administer the products and services we provide when; required to do so by a government agency or regulatory body, or court order; by legal requirement a credit reporting bureau requires such; we partner with other business to offer a broader array of products and services; we receive your written permission to provide information to a third party.

Community Powered Federal Credit Union will only partner with businesses that follow strict confidentiality policies. The businesses we select will offer products designed to enhance our members’ economic well-being. Under no circumstances will we authorize those partners to charge your account for any fees without your express consent. Community Powered Federal Credit Union will not sell our member’s information to telemarketing firms or other third parties.

Community Powered Federal Credit Union will offer you a choice in how your information is used. Any member of our credit union may elect to keep their information from being shared with our business partners. We will inform you on how to exercise your choice, and we will take all reasonable steps to make sure that your requests are honored. At least once a year we will remind all of our members of these rights.