picture the possibilities with a home equity loan!the possibilities with a home equity loan! the tax...

April 2018

For Visa®Gold, Classic and Vanilla Cards from February 1 - April 30, 2018

* Annual Percentage Rate

Transfer Credit Card Balances to YourPSE Visa® for a LOW 3.99% APR*

Call the Visa® Dept. for details 440-545-5113

For Visa®Gold, Classic and Vanilla Cards from February 1 - April 30, 2018

* Annual Percentage Rate

Transfer Credit Card Balances to YourPSE Visa® for a LOW 3.99% APR*

Call the Visa® Dept. for details 440-545-5113

REFINANCE YOUR AUTO LOAN WITH PSE CREDIT UNIONEarn a 2% cash back rebate by refinancing your auto loan with PSE

from April 2nd thru May 31st 2018

Call, log on or stop by TODAY!www.psecreditunion.org

Main Office: 440.545.5135 Strongsville Office: 440.572.3830 Medina Office: 330.661.0160

$500 cash back based on an auto loan refinance of $25,000. Promotional terms do not apply to loan currently financed with PSE Credit Union. Standard underwriting criteria terms and conditions apply. All accounts are insured to $250,000 by American Share Insurance (ASI), a private member owned insurer. This instirution is not federally insured. MEMBERS’ ACCOUNTS ARE NOT INSURED OR GUARANTEED BY ANY GOVERNMENT OR GOVERNMENT-SPONSORED AGENCY.

TruStage® life insurance is made available through TruStage Insurance Agency, LLC and issued by CMFG Life Insurance Company. The insurance offered is not a deposit, and is not federally insured, sold or guaranteed by your credit union. Your credit union enables this insurance program to be offered and is entitled to compensation from TruStage Insurance Agency, LLC, P.O. Box 61, Waverly IA 50677- 0061. To stop receiving offers from TruStage, please call 1-888-787-8243. Base Policy Numbers: ICC16-A10a-039, ICC17-SIT-2, A10a-039-2016, 2017-SIT-2*Source: TruStage.com Google Analytics reporting, 2017.

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APPLY FOR TERM LIFE INSURANCE IN ABOUT 10 MINUTES* AND GET AN INSTANT DECISION.Designed for credit union members

TruStage products and programs are made available through TruStage Insurance Agency. Affiliates of TruStage have been providing insurance and financial services designed for credit unions and members for more than 80 years, serving more than 18 million people.

What is life insurance?Life insurance is an important part of a financial safety net you can provide your loved ones in the event of your passing. Life insurance can help provide peace of mind, knowing that your beneficiaries will receive money when they need it most.• Provides cash for daily living expenses• Funds your children’s education• Meets monthly mortgage payments

Trusted by your credit unionYou trust your credit union to provide value. It endorses TruStage products and programs because TruStage was founded on more than 80 years of experience in providing exceptional value and superior service to credit union members.

LIFE INSURANCE

Call us toll-free for more information.

1-855-612-7909Monday – Friday ......... 7am – 9pm CT Saturday ..................... 8am – 4pm CT

Visit us at Trustage.com/life/term


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Mark your Calendars—the Rainbow Babies Kids Carnival and Community Shred-It Day is set for Wednesday, June 27 from 10 am- 1pm—Be sure to stop in with the kids!

YOUR SAVINGS INSURED TO $250,00 PER ACCOUNT AMERICAN SHARE INSURANCEBy members’ choice this institution is not federally insured. MEMBERS’ ACCOUNTS ARE NOT INSURED OR GUARANTEED BY ANY GOVERNMENT OR GOVERNMENT-SPONSORED AGENCY.

Hurry!Offer ends

April 30 2018!

With rates as LOW as 3.25% APR* and we will cover closing costs up to $500.Visit www.psecreditunion.com/home-equity for details.

*Annual Percentage Rate (APR) is a non-variable rate. The Rate shown is accurate as of 12/30/17 and is available to well-qualified borrowers. Tern up to 60 months and a loan-to-value (LTV) ratio of 80% or less. Rate includes a .25% discount for having direct deposit and enrollment in online banking with e-statements. Not available for the refinance of an existing PSE Credit Union loan, line or mortgage unless the refinance includes $10,000 or more of new money. Primary residence only. Rate and offer subject to change without notice and cannot be combined with any other offer. Closing costs up to $500 will be covered if application is approved and funds are disbursed by PSE Credit Union. In many cases, the interest is tax-deductible; please consult your tax advisor. Promotion valid: 1/2/18 - 4/30/18. Other rates and terms available. Accounts are insured up to $250,000 by American Share Insurance. This institution is not federally insured by members’ choice. MEMBERS ACCOUNTS ARE NOT INSURED OR GUARANTEED BY ANY GOVERNMENT OR GOVERNMENT-SPONSORED AGENCY.

Picture the Possibilities

with a Home Equity

Loan!

The Tax Cuts and Jobs Act of 2017, passed late last year, is the most sweeping overhaul to the tax code in more than 30 years. While there are many estate planning strategies remain unchanged, it’s also opened the door to new opportunities.

Increased Limits on the Estate Tax The new tax law temporarily doubles the exemption amount for estate, gift and generation-skipping taxes from the $5 million base, set in 2011, to a new $10 million base, good for tax years 2018 through 2025. Another federal estate law provision called portability lets couples who do proper planning double that exemption. So, a couple could exclude $22.4 million for 2018.

529 Plans Under previous regulations, 529 withdrawals were tax-free as long as the funds were spent toward qualified higher education expenses. The new tax plan would allow these plans to also be used for up to $10,000 per year in K-12 tuition expenses. Additionally, starting in 2018, contributions to Ohio

529 plans (including carryover contributions), of up to $4,000 per beneficiary per year are deductible when computing Ohio taxable income, with an unlimited carryforward of excess contributions.

Changes to Charitable Giving The new law nearly doubles the standard deduction amounts, but eliminates personal and dependent exemption deductions. It also limits your deduction for state and local income and property taxes to a combined total of $10,000 ($5,000 if you use married filing separate status), which could make it harder for many people to itemize. We recommend ‘bunching’ donations from several years into one year. For example, consider giving twice as much to charities in one year, even if that means giving nothing the following year. If you’re 70½ or older, consider a qualified charitable distribution (QCD). The QCD allows people aged 70½ and older to rollover up to $100,000 from retirement accounts to the charity of their choice. It can also count towards your “required minimum distribution.”

The money is subtracted from taxable income, which can alleviate some tax burden. The QCD also has the added benefit of keeping some taxpayers’ incomes low enough to possibly avoid paying Medicare premiums. If you want to learn more about what the new tax law means for your estate plan, we offer a no-obligation consultation to members of the PSE Credit Union. You can schedule yours today by calling us at 216.521.1711, emailing us at [email protected], or visiting us at Lineweaver.net.

Lineweaver Financial Group 9035 Sweet Valley Dr. Valley View, OH 44125

216-520-1711 • Lineweaver.netSecurities offered through Triad Advisors, member FINRA/SIPC. Advisory services offered by Lineweaver Wealth Advisors, LLC. Lineweaver Wealth Advisors, LLC, is not affiliated with Triad Advisors. Information contained herein is not tax advice and should not be considered as such. Each individual’s tax situa-tion is unique and different. For advice related to your specific tax situation, please contact your personal tax professional. Not FDIC Insured. Not Bank Guaranteed. May Lose Value.

WHAT THE NEW TRUMP TAX LAW MEANS FOR YOUR ESTATE PLAN

This newsletterprinted on

recycled paper.

ATTENTION Out-Of-State Members: We now have a 1-800 # for you to use when calling the credit union. Dial 1-844-RING PSE (1-844-746-4773).

American Share Insurance. Your Deposits are insured to $250,000 per account. This institution is not federally insured, and if the institution fails, the Federal Government does not guarantee that depositors will get back their money. MEMBERS’ ACCOUNTS ARE NOT INSURED OR GUARANTEED BY ANY GOVERNMENT OR GOVERNMENT-SPONSORED AGENCY.

Did You Know? Anyone who lives, works, worships or attends schools in CUYAHOGA and MEDINA COUNTY may join PSE Credit Union. Call 440-545-5139 to open an account today!

Main Office *5255 Regency Drive, Parma, OH 44129Phone .................440-843-8300Fax .......................440-843-7741Mon. - Thur. ..............9am–5pmFriday ........................9am–6pmSaturday .................... 9am–2pm

Strongsville Office *12700 Prospect RoadStrongsville, OH 44149Phone ................440-572-3830 Fax ..................... 440-572-1383 Mon. - Thur. .............9am–5pmFriday .......................9am–6pmSaturday ...................9am–2pm

Medina Office *3845 Pearl RoadMedina, OH 44256Phone ................ 330-661-0160Fax ......................330-721-7017Mon.,Tues.,Thur. .......9am–5pmFriday .......................9am–6pmSaturday ...................9am–2pm

* Loan Processing Centers: Other Ways to Access the Credit Union:The Financial Privacy Notice can be found on our website at: www.psecreditunion.org under Financial Privacy Rights.

• Access your accounts online with Home Financial Services—HFS (Online Banking)• Access with over 300,000 ATM Locations• P.A.L. – 24-hour phone service• PSE mCheck (Mobile Check Deposit)—use your smartphone to take a picture of your checks and make deposits right into your account Google Play/App Store• Mobile Banking App• SharedBranching.org—do your credit union transactions at over 5,000 other credit unions nationwide

!

Here’s how it works:• Members get a $100 cash reward for every new line when you switch to Sprint®. • Current Sprint customers will receive a $50 cash reward for every line transferred into Sprint Credit Union Member Cash Rewards.• Plus, get a $50 loyalty cash reward every year for every line.• Credit union members are eligible for 25% off accessories with the Sprint Credit Union Member Cash Rewards programHere’s how to sign up for Sprint cash rewards:1. Become a Sprint customer.2. Register at LoveMyCreditUnion.org/SprintRewards.3. Allow up to six to eight weeks to see cash rewards directly deposited into your credit union account!

Make the switch today and save with the Sprint Credit Union Member Cash Rewards!

Get a $100 Cash Reward for Every New Line You Switch to SprintThis new exclusive cash rewards offer is our best one EVER! Now, as a credit union member, you can earn $100 for every line when you switch to Sprint®.

Members who sign up for E-statements during the promotion will receive $5.00 deposited into their account at the end of the promotion. Members must be signed up for Online Banking in order to switch to E-statements.

GO GREEN! GET GREEN!

Runs from April 2-May 31,2018TO SIGN UP Go to www.psecreditunion.org and log into your Online Banking.Once you are logged in, click the “Self-Service “ tab, and then click the “e-Statements” under the Additional Services box.

On the agreement page, scroll to the bottom and click the PDF file to view it. You will not be able to click “Agree” unless you view the file.

Click “Agree”.YYou will be notified by email when your statement is ready for viewing on the Home Financial Services site.

Credit Union Youth

Month April 1- 30

2018!

Join Us in Celebrating

CREDIT UNION SCHOLARSHIPS

ARE NOW AVAILABLE.Call 440-545-5125 • [email protected]

or stop in for an application. The deadline to apply is June 22, 2018.

OFFICE CLOSINGSMon. May 28 - Memorial Day

picture the possibilities with a home equity loan!the possibilities with a home equity loan! the tax...

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