CTECU April 2998 Newsletter

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NEWSLINE
C T E C U S e r v i n g E m p l o y e e s o f
C h e v r o n C o r p o r a t i o n
April 2008
People
From your chairman
Board of Directors Chairman
James E. Ryan
Vice-Chairman
Mike Jung
Secretary
Gloria Robinson Treasurer
Michael Beard
Bill Alvarez Mark Burnside
Tom Janda Jim Thacker
Pat Whitnel
Audit Committee Chairman
Gary Cohen
Glenn Ewan Rod Loper
Kane Prestwood Sharon Savage
Johnny Van Etta

Office Staff President/Manager
Jackie Kapalski
Assistant Manager Anita
Woolley
Wilcrest Branch Manager Doris Buzek
Downtown Branch Manager
Orelia Peterson
Loan Officer Betty
Clowers Senior Tellers
Bianca Blak
Rachna Malhotra
Tellers
Eliria Anastasiou Jeremiah Honey
Dianne Teasdale
During the first quarter of 2008, financial
worries continue to exist in the financial
capitals of this nation. The latest has been the
demise of Bear Stearns, one of the largest global
investment banks, securities trading, and
brokerage firms in the world, which has existed
for more than eighty years. This company, with a
book value of more than 7 billion dollars, was
purchased for 240 million dollars. While CTECU
used some of its capital to cover a small portion
of its expenses during 2007, we also increased
our Net Worth to Asset Ratio throughout 2007.
Additionally, we are pleased to announce that our
income exceeded our expenses for the first
quarter of 2008. CTECU continues to serve 15216
each of you, our member/owners, to the best of
our ability. We will not compromise that
trust. With the current dividend rates, CTECU
recommends that you invest in the higher paying
CDs that are currently available. Please note
the following Regular CDs starting at 2,000.00
minimum balance and the rates that are currently
available thru 4-30-08 3 months 2.96 rate and
3.00 APY
6 months 3.11 rate and 3.15 APY
12
months 3.26 rate and 3.30 APY
30 months 3.45
rate and 3.50 APY
60 months 3.60 rate and 3.65
APY Near the end of the last Board of Directors
meeting, the directors declared the dividend
rates for the month ending March 31, 2008, as
follows Regular Share dividends at 1.00 rate
yielding 1.00 APY IRA Share dividends at 1.50
rate yielding 1.51 APY and Share Draft
dividends at 0.25 rate yielding 0.25
APY.  APY denotes Annual Percentage Yield.
James E. Ryan, Chairman
Information
CTECUMain Office RESTRICTED ACCESS OFFICE 4800
Fournace Place BTF-Bldg. B, Room
116 Bellaire, Texas 77401
P.O. Box 430
Bellaire, Texas 77402-0430 Phone [phone]
Fax [phone] CTECUBranch
Location 3100 Wilcrest, Suite 141
Houston, Texas 77042
Phone [phone] Fax
[phone] CTECUDowntown Location 1415
Louisiana, Suite 100 Houston, Texas 77002
Phone [phone]
Fax [phone]
Office Hours
M-F 800 a.m. until 400 p.m.
www.ctecu.org
E-mail cuhou281_at_chevron.com Member Service
Centers, a new service from CTECU.
Visit www.cuservicecenter.com for a shared
branching facility near where you live, work, or
play!
CALL US TOLL FREE! 1-888-658-2328
The Grass Is Always Greener On Our Side See your
loan officer before you shop for your next new or
late model vehicle and find out why the Grass is
Always Greener on Our side. With new and late
model vehicle rates as low as 4.59 A.P.R. and
our certified network of dealer reps we can
save you a lot of Green! Our Dealer Select
123Car program eliminates the dealer headaches
and hassles by giving our members the best
possible treatment and we have the data to prove
it! Their upfront approach will leave you
wondering why you ever bought a vehicle any other
way! Request your free vehicle quote at
www.123Car.com. For your 2008 Summer vacation
plans, call any of our convenient locations and
find out how easy it is for you to apply for your
pre-approval today! Pre-approved loan
applications are good for 90 days! So
hurry! New and Late Model Vehicle Rates

Offer good
only from April 1 thru April 30, 2008!!! 4.59
A.P.R. for up to 36 months

4.59 A.P.R. for
up to 48 months

4.59 A.P.R. for up to 60
months

5.59 A.P.R. for
up to 72 months Certain restrictions apply
For qualified applicants only. APR denotes
annual percentage rate. Based on 90 financing.
New Late model cars, trucks, SUV vehicles
only. Not to be used for refinancing loans
currently existing at CTECU. 15,000 minimum
loan on 72 month term.
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2008 CTECU Annual Meeting Winners 25 Cash
Giveaway and a Black Leather Tote Bag Hai-Li
Wang Black Leather Meeting Mate and a Bottle of

2002 Vincent
Arroyo Petite Sirah Gloria Robinson 25 Cash
Giveaway and a Bottle of 2001 Rosemount
GSM Michael Beard Hanging Bird Feeder Glenn
Teasdale 25 Gift Card to Olive Garden Wanda
Reves Gift Certificate for a Spa Pedicure Harry
Buzek 25 Gift Card to Target Linnie Edwards
Emergency Car Kit Gary Cohen
35 Gift Card to Chilis
Restaurant Madeline Sabanos Variety Gift
Basket Betty Kiesler Tool Kit Tom
Kiesler Emergency Radio/Flashlight Reid
Carter DVD Player Laura Whitnel 50 American
Express Gift Card Joyce Dallen 50 Gift Card to
Pappas Restaurant Dianne Teasdale 50 Gift
Certificate to the 43rd Restaurant MaryAnn
Prestwood 50 Gift Card to Cheese Cake
Factory Jeff Henneke 50 Gift Card to Pappadeaux
Restaurant Bettie Wright Free Automobile
Inspection Valued at 149 and a Bottle of
2003
Blackstone Reserve Meritage Chuck Edwards Free
Automobile Inspection Valued at 149 and a Bottle
of 2001 Pepper Bridge Merlot Rachele Adler 2
Rockets Tickets to 3/02/08 game Pat Whitnel 2
Rockets Tickets to 3/02/08 game Monroe Clowers 2
Rockets Tickets to 02/26/08 game w/ Parking
Pass Larry Bertrand 100 Gift Certificate to
Ruths Chris Steak House Robert E. Nelson And a
special CONGRATULATIONS to our Grand Prize
Winner, Lisa Bock, who won a weekend overnight
stay for two at the Marriott Houston Westchase
Hotel!
Other Services Available
Please check with us first! Notary (free of
charge) Postage Stamps
Money Orders
Travelers Cheques American Express Gift
Cheques and Gift Cards Cashiers Checks
CTECU MasterCard
payments accepted
Share Draft (checking) QwikCash
ATM cards VISA check cards
American Express Gift
Cheques and Gift Cards
Pulse Select ATM Network CO-OP
ATM Network Credit Union
Service Centers
Holiday Closings
Memorial Day May 26, 2008
Independence Day
July 4, 2008
Information
Win 25 Instantly! You could win 25 if
you find your account
in this newsletter!
National Youth Week April 21-25,
2008 CTECU parents and children should visit
CTECUs website and download the coloring page
and check out the details regarding this years
youth week celebrations! Contest rules and door
prizes are detailed along with information on
student loans for those headed to college.
2008 Annual Meeting Prize Donors (Vendors) CTECU
would like to thank all of our vendors who
donated prizes to our 56th annual meeting. Those
vendors were ABGS Texas Inc. Absolute ATM
Auto Exam Centurion Alarm Services,
Inc. CUER CU Members
Mortgage Dealer Select DocuData
Encore Bank For Members Only Insurance
Services HarlandClarke Ideascope,
Inc. Jim Ryan and The Grapevine Wine Club Larry
Plaxe, VP with J.B. Hanauer Company Jumbo CD
Investments Marriott Houston Westchase
Hotel Nails Beautiful Day Spa OfficeMax Total/
1 Services Viking Express Freight Services Wedge
Properties Management, Inc. World Wide
Interactive Services
REMINDER Deposits to 2007 IRAs must be received
no later than April 15, 2008.
Please Note Your
utilization of any outside program or product is
neither sponsored by nor endorsed by your Credit
Union, and your participation in or purchase of
any program/product is voluntary.