beeline spring 2013

O Bee Credit Union Member:

John Q Sample123 Any StreetAnytown, WA 12345-6789

3900 Cleveland Avenue, SE • Tumwater, WA 98501-4098

The PRSRT STDU.S. POSTAGEPAID OLYMPIA, WAPERMIT NO. 78

www.obee.com

This issue:Spring – A Time For Renewal and Repairs

Is a Home Purchase in Your Future?

Shred Event

Review. Rebalance. Diversify.

New Car Fever? O Bee Can Help.

Make This Happen! Dana vs. Dempsey For Charity

Spring – A Time For Renewal and Repairs

AbouT us: Gina Young loves keeping it local. That’s why she also loves O Bee. Gina has been a member/owner since childhood, so when she decided to start her barbecue business it was just natural to keep that trust and relationship going with O Bee. Seven months in, Dickey’s Barbecue continues to grow with dine-in, take-out, delivery, catering, and fundraising for all its delicious food.

AbouT us: Scatter Creek Winery invites you to visit them in historical downtown Tenino, and relax in our chic ambiance. We specialize in soft whites, bold reds, and fine dessert wines.

10% OffYour entire purchase. Plus get free pickles

and ice cream with every meal.For Members who pay with your

O Bee Credit or Debit Card

1001 Cooper Point Rd SW • Suite 175 Olympia, 98502, WA

http://www.dickeys.com • 360.451.3765

Expires June 30, 2013

10% Off Your purchase. Complimentary

wine tasting for two.For Members who pay with your

291 Sussex Avenue West Tenino, WA 98589

http://scattercreekwinery.com/ • 360.264.WINE

O Bee Credit Union Members Only Discounts

I had a real attitude adjustment last summer when I attended a conference in August and listened to three economists discuss the global and US economies. I felt relief to hear them say that the sky is not falling…that the talking heads were just trying to sell the news, so they focused on the negative; after all, would we listen if it was all good?

As I sat there soaking up the lectures, I realized I had fallen victim to the rants in the news, and now these economists were pulling back the curtains to show us how, in fact, the market was ready to head upwards, and the Feds needed to get out of the way! One economist acknowledged that we investors fear the risks of the past 10 years; but now, “how much risk is there when you jump out of the basement window!”

“Ah ha! Good point!” I thought. Six months later, their statements appear true, and with some volatility we have seen the markets trend upward in spite of the inability of the Feds to make decisions on a timely basis. The markets seem to shake off the negative activities for now, and we inch higher and higher.

What is an investor to do now? Wait for the next correction to get back in since the market is too high? Many finance shows on television have posed this question lately. You are probably kicking yourself if you have been waiting the past few weeks to see if the rally is “for real.”

If the past four years taught us anything, it is that the market will go up, and it will go down. Sounds simple. But investing is emotional. Money is emotional. It brings out our worst sometimes. In fact, I have recently experienced phone calls from clients wondering why their investments are not zooming up like the market is. I pause. Then remind them of their extreme fear just two years ago when the news was filled with the Euro Zone and how a bankrupt Greece and Italy would effect us all! We headed to the sidelines and hid out for a while and then waited for the election, and then the Mayan prediction that the world would end in December. Then came the fiscal cliff….The Sequestration…and on and on.

Is the drama finished? Does the stock market know something? I smile as I think about the flurry of issues flying at us. At times I wished I had those special bracelets worn by Wonder Woman. Remember how she could deflect hurtling missiles such as bullets with the wave of her arms? Don’t you feel like that at times? Imagine the ability to ward off financial concerns with your magic Wonder Woman bracelets, deflecting those rascals right and left!

Alas…we only have…diversification! Yuck! That seems so over-used, and yet, I am a financial advisor with 15 years of experience. And you know what…IT IS TIME TO RE-BALANCE AND DIVERSIFY! Let’s put on our Wonder Woman bracelets, and hunker down with a strong examination of our investments and prepare for a new direction in the economy. Sure, things look dicey, but the volatility we will face is part of the process. Corporate America is cash rich and sitting on the sidelines waiting for Congress to make some decisions.

Review. Rebalance. Diversify. It Is Time.David Littleton and O Bee Financial Services are available to you, the O Bee Credit Union member, to help you plan your financial future. Call (360) 570-7538 to schedule a financial consultation.

Securities offered through LPL Financial, member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates. LPL Financial & its affiliates are not affiliated with O Bee Credit Union.

Not NCUA Insured Not Credit Union Guaranteed May Lose Value

“O Bee is like a part of my family. I love the West Olympia Branch. I go in there every morning.” Gina Young, Dickey’s Barbecue

“I love O Bee. My whole family belongs to O Bee. I have my personal account and my business account with O Bee. They are just like me, a small local business that is a part of this community.” Andrea Keary, Scatter Creek Winery

10% Off Your purchase.

For Members who pay with your O Bee Credit or Debit Card

111 Market Street NE • Suite 107 Olympia, WA 98501

http://www.sweetcharleybs.com • 360.350.0332

AbouT us: Sweet Charley B’s Cupcakery is more than a business, it’s a dedication of love. Amanda learned to bake from her grandmother and her mother and passed that skill onto her daughter, Charley. The shop is dedicated in Charley’s memory and has become a platform to help others in the community.

“My grandfather was a foreman at the Olympia Brewery; I’ve been a member all my life. O Bee offers the very best customer service and I love them.” Amanda Beers, Sweet Charley B’s Cupcakery

DICKEY’S BARBECUE SCATTER CREEK WINERY SWEET CHARLEY B’S CUPCAKERY

“Spring has sprung,” as they say. But some of you may be looking at the roof of your house and are saying, “Spring has sprung a leak.” Yes, it’s that time of the year where as we look forward to summer (scheduled for July 8th and 9th this year), we look around and see what winter did.

Normally, for large expenditures like a new roof you would be looking to your credit union for a home equity loan (or for the new deck, shed, etc), but with real estate down there isn’t much left. Right?

Well, the answer for most of you is “not anymore.” Real estate prices have bounced back in many areas. We’ve noticed the trend and have begun offering 100% loan to value (LTV) home equity loans for many buyers. This combination of higher LTV ratios and increasing home values means that it’s time to get some things fixed. And combined with some of the lowest rates in years, it is affordable too.

On another subject, we wish to thank all of our members for supporting the organization and leading it to another great year. Loans, deposits and net income were all very strong and/or set new records. But the real story was membership, which grew at an astonishing 12.7% in 2012, putting O Bee in the top 3.2% of all credit unions in the country.

So have a great spring!

James CollinsCEO

David Littleton Financial Advisor

www.obee.com

Shred Event

James CollinsCEO

NEW CAR FEVER? O BEE CAN HELP.Are you starting to notice the days getting longer and the sun getting brighter? Does looking outside your home make you think about actually getting out? Winter is over, and soon it will be time to enjoy things outside. This time of year makes me think of… a new car.

Whether it is a new truck to help you with your projects around the yard, a new van to get everyone to the big game, or a sedan to get you there without stopping at every gas station along the way, O Bee can help. We do car loans...a lot of car loans... We help so many people in the area with vehicle financing because we have excellent rates, and we make it easy for you.

First, let’s talk about rates. Whether you have excellent credit, or you are just starting to build (or rebuild) your credit profile, O Bee

can help you. We lead the market with some of the lowest rates around. We may even be able to refinance your current auto loan. Moving that loan to O Bee could give you a better rate, and a lower payment. That will put more cash in your pocket this summer!

We also make it easy to get started. Simply call one of our experienced bankers; apply online at obee.com; or come on in to one of our friendly

branch locations. We can give you a quick decision, let you know how much you qualify for, and give you a pre-approval certificate. Simply bring that certificate to an auto dealer, and you can sign your loan papers right at the dealership. Your loan will be funded and held at O Bee—with our low rates, and qualified staff to help you if you ever have a question about your loan.

Let’s get rolling!

Is a Home Purchase in Your Future?Whether you’re starting a family or looking to make a move to a larger place, a home purchase could be in your future. Right now there is an almost perfect mix of low rates and affordable home prices. We have a housing market that is improving and we are seeing growth, so chances are home values should at least be stable and in many cases, growing.

Here are some things to consider before making your move.• Can I depend on a steady and reliable income?

• Is my job stable?

• Am I in control of my spending? Do I handle finances responsibly and have a written budget for my monthly expenses?

• Have I saved money for a down payment and do I have a cushion left over after the down payment?

If you have answered yes to these questions then you are ready for the next step.

Gather following items:• Your last 2 years Tax Returns and W-2’s

• Most recent 30 days worth of Paystubs

• Most recent 60 days worth of Bank Statements

After you have these items handy then give myself or Charlie Labonte a call and we will work the numbers out for you. We will calculate your back end debt to income ratio in order to determine how much of a home you can afford without hardship. We will take your expenses (including auto payments, credit card bills and student loans) each month and divide them by your gross monthly income.

Lenders consider anything over 45 percent to be a high-debt burden, so expect that when we are determining the loan amount for which you qualify. We will keep you at or below that number.

We will also look at your front-end ratio, or your monthly housing expense (principal and interest, taxes and insurance) as a percentage of your gross monthly income. Housing expenses shouldn’t be greater than 30 to 35 percent of your monthly income.

There are several things we look for when reviewing your savings in the loan process. If you’ve made large deposits in your bank accounts, be prepared to show where those funds have come from, this is called sourcing of funds.

In addition to your down payment we will need to show that you will still have some money left over. It’s not a good idea to empty your bank account to close on a new home. You’ll still need to cover moving expenses, insurance, maintenance, repairs, home owner’s association dues, larger utility bills and other incidentals.

A home purchase is always one of the biggest financial decisions you can make. Once we have looked at all your information we will be able to issue you a Pre-Approval Letter that you and your Realtor can present to the sellers of the home that you want to buy. You will be able to shop with confidence knowing that you have already qualified for the home that you want to buy.

Is a home purchase in your future? We hope so because NOW is a great time to buy.

Call us today, we can help. 1.800.642.4014

SHRED EVENT O Bee Credit Union • Tumwater Branch • Saturday, April 20, 2013 • 9:30 a.m. to 1:30 p.m.

O Bee Credit Union will be hosting a “Shred Day” at our Tumwater Branch located at 3900 Cleveland Ave., Tumwater, WA 98501

Anyone can bring up to 3 paper bags full of items to shred from 9:30 a.m. to 1:30 p.m. and have them safely shredded for FREE.

Anticipated Dividend Rates

Effective February 26, 2013 Share and IRA Certificates TERM APY* 7-29 day 0.15% 90-179 days 0.15% 6 months 0.15% 1 year 0.40% 16 months special 0.60% 2 year 0.70% 3 year 1.00% 4 year 1.31% 5 year 1.51%

Minimum required to open account and to obtain dividends: $500. A substantial penalty will be imposed for early withdrawals.

Money Market Account BALANCE APY* $1,000.00 — $2,499.99 0.10% $2,500.00 — $9,999.99 0.25% $10,000.00 + 0.30% Minimum required to open an account and earn dividends: $1,000.00

Share Accounts 0.10% to 7.52% APY* Call or check online for details

Health Savings Accounts 0.10% APY* IRA Share Accounts 0.10% APY* * Annual Percentage Yield. Dividends are earned on daily balances and

are compounded and paid monthly, provided the account is open on the date dividends are credited. Dividends are paid from available earnings after required transfers to reserves at the end of a dividend period. All rates subject to change without notice. The rates and fees appearing are accurate and effective for the above accounts as of February 26, 2013 except as otherwise indicated.

Anticipated Loan Rates New & Used Auto Rate As Low As Terms up to 60 months† 2.99% APR*† Boat or RV $10,000 - $50,000 6.74% APR* Terms up to 84 months†

Green Loan Ask about our .25% rate reduction on vehicle loans that are environmentally friendly Some restrictions apply. Call for rates and details.

Onyx Card 8.90% APR*† No annual fee

MasterCard 10.40% APR*† No annual fee

VISA Platinum 6.65% APR*† No annual fee Wall Street Prime + 3.4%

Oly Gold Card 9.25% APR*† No annual fee

* Annual Percentage Rate † Level A+ rates and terms, on approval of credit. Conditions apply.

Call the Credit Union for the details and terms of individual loans. Rates subject to change without notice.

For The Latest Loan Rates Call 360.943.0740 or toll-free at 800.642.4014 or visit us on the internet at www.obee.com

Board of Directors Jerry Murphy, Chair Victor Moore Steve Blankenship, 1st Vice Chair Jim Geer Carolyn Caruso, 2nd Vice Chair Clifford Clark Miriam L. Bausch Ryan Bedford Phil Wayt

Supervisory Committee Sonja Winkelman, Chair Martha Prestin Dale Putnam Bruce Cramer

O Bee Credit Union is thrilled to be recognized for their efforts to support employees with

disabilities. Thanks to our entire staff for nurturing productive citizens in our community.

http://bit.ly/teninoaward

Tenino Branch Wins Morningside’s 2012 Outstanding Employer of the Year

Lewis County Division

Associate DirectorsPrabakaran Manoharan Wilford Saunders

Brent WalzBusiness Lending

Make this Happen! Dana vs. Dempsey for Charity

At O Bee Credit Union we believe spring is a time for renew-al and setting goals for the future. There is no one better to represent pursuing big goals than Jessica Dana. Jessica is an 18-year old who has decided to take on a Hollywood movie star in a NASCAR-type race to raise money for the Boys and Girls Club of Thurston County. Jessica has only been racing for 3 years, yet she has the focus of a race car veteran. Jessica said she decided to challenge Patrick Dempsey, the new owner of Tully’s coffee, who races in his spare time. This race that would benefit local charities.

Dana says, “As I hit the gas on my career, I hope to never stop improving in my sport and my philanthropic goals.” There is a lot to learn from the youth in our community. Let’s show our support by going to http://bit.ly/danasgoal and helping her reach 5,000 ‘likes’.

Mike Lindsay Mortgage Loan Officer NMLS #109067

www.obee.com

Shred Event

James CollinsCEO

beeline spring 2013

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