Fall 2018 Newsletter

195 Silas Deane Highway, Wethersfield, CT 06109 / 800-842-1778 / 860-563-2617 / www.dutchpoint.org

Make This Your Winning Season!

What’s better than watching the Big Game? Watching it on your new TV! You’ll enjoy the big game on your new 50” TV -- Your sweepstakes entry could

score you the winning touchdown to a new flat screen TV!

Take your borrowing needs to a professional level with a loan from Dutch Point. Visit dutchpoint.org or call 860-563-2617.

Qualifying loans for this sweepstakes are: Auto, Personal, Home Equity and Mortgages funded between September 4 through December 31, 2018.

We offer: low rates, quick approval, and easy online application.

Sweepstakes entry awarded for Auto, Personal, Home Equity loans or Mortgages (minimum loan amount of $1,000 required). Estimated value of sweepstakes prizes is $400. DPCU underwriting guidelines apply. Additional rate discounts do not apply. May not be combined with any other credit union promotions. Refinancing of DPCU loans does not qualify for this promotion. Application deadline to qualify for sweepstakes is 5:00 p.m. EST December 31, 2018. No purchase or payment is necessary to enter or win. A purchase or payment will not increase your chances of winning. DPCU Score Big Sweepstakes begins on 9/4/18 at 8:30 a.m. EST and ends on 12/31/18 at 5:00 p.m. EST. Void where prohibited. Open to legal residents of the United States who are 18 years of age or older. For complete Official Rules, visit www.dutchpoint.org/sweepstakes. This promotion may be withdrawn at any time. Federally insured by NCUA. We do business in accordance with the Fair Housing Act and the Equal Credit Opportunity Act. NMLS#466823.

Enter our loan Sweepstakes and

Score BIG with a low rate!

Dutch Point Credit UnionAwarded

Top Work Places2018

With Dutch Point’s mortgage program, you can find the right type of mortgage that meets your needs.

We offer up to 30-year fixed and adjustable rate mortgages.FHA mortgages are also available. Plus, we have no closing cost options to meet your budget.

With Members Mortgage fast approval process, you can get pre-approved in about 15 minutes through MortgageClick.

What’s in Your Home? Family, pets, furniture and an abundance of memories. But, if you look at the financial side of your home, you might be able to find an investment opportunity in the form of equity.

What is Equity? Equity is the difference between the appraised value of your home and any outstanding mortgage balances. So, a home valued at $150,000 with a mortgage bal-ance of $80,000 would equal $70,000 in equity. At Dutch Point you have the opportunity to borrow the equity—through a fixed low-interest loan or a line of credit—providing you with extra money to pay for a variety of expenses.

Which is Better, a Loan or a Line of Credit? If you decide borrowing against your home’s equity is a worthwhile financial strategy, you might be wondering which is better: a fixed home equity loan or a home equity line of credit (HELOC).

About Fixed Home Equity Loans and Home Equity Lines of Credit: Fixed home equity loans and HELOCs are similar in that you’re borrowing against your home’s equity. A loan typically gives you a sum of money all at once, while a HELOC is similar to a credit card: You have a certain amount of money available to borrow and pay back, but you can take what you need as you need it. Fixed Home Equity loans are helpful for reaching more expensive goals. With their unchanging payments, they’re more manageable for fixed incomes. HELOCs are generally a variable rate. As a result, your minimum monthly payment will fluctuate.

Smart Ways to Use Your Home’s Equity: There are a number of ways you can use your fixed home equity loan or line of credit. You can use it for more than just home improvement projects. Consider using your equity to fund a dream vacation, fairytale wed-ding, fund education costs, pay for medical expenses, or to consolidate debt. The interest on your fixed home equity or HELOC may be tax deductible. Consult a tax advisor for further information regarding the deductibility of interest and charges.

When You’re Ready to Tap Into the Equity in Your Home: We make it simple. Our local, in-house home equity consultants pro-vide you with quick loan decisions and easy access when you have questions. Plus, all of our home equity loans are retained at the credit union, meaning all of your servicing stays local. Feel confident knowing that you have access to someone nearby you can trust who has your best interests in mind.

What Can Your Home Do For You?

To learn more or apply for a home equity loan visit dutchpoint.org or call 860-563-2617.

We make it simple for you to apply for a mortgage -- 24 hours a day, 7 days a week. To learn more about our pre-approval process -- call 866-370-3910. Or, apply online at dutchpoint.org.

Looking for your first home, second home or your dream vacation home -- we can help!!

Our Mortgage Partner: Members Mortgage Company, Inc., NMLS #1292 | MA Mortgage Lender #ML1292, DC0448 | RI #96000619LL | CT #6249 | ME #SLM3178 | NH #5443-MB | FL #MLD1511 | CA #41DBO-72710. Dutch Point Credit Union NMLS#466823. We do business in accordance with the Fair Housing Act and the Equal Credit Opportunity Act. Federally insured by NCUA.

Great Rates and Fast Approvals • No payment for 90 days • Flexible terms • Fast approval process • Apply 24/7 online or on the phone

Sometimes the simple things are the best things...

Refinance your auto loan from another lender and

get a lower rate -- up to 2%* lower!

*APR - ANNUAL PERCENTAGE RATE. Rate available as low as and based on credit history and term selected. Rate as low as 2.74% for vehicles with 2011-2019 model years. An auto loan of $20,000 with a 5-year term at 2.74% APR results in 60 monthly payments of approximately $17.86 per $1,000 borrowed. 2010 and older model year rates and terms are available. Up to 125% loan to value financing is available. Rate promotion available for a limited time only. Certain conditions and restrictions may apply. Existing DPCU loans do not qualify for refinance. A shorter term than what you currently have may not lower your monthly payment.

Apply Today!

New, Used or Refinance, we make it simple to get an auto loan.

This Doesn’t Look Good -- But It Will Look a Whole Lot Better with GAP!

Guaranteed Asset Protection

To learn more or sign up for GAP call 800-842-1778.

What is it? GAP covers the difference between the amount your insurance company pays in the event of a total vehicle loss (car crash, flood, stolen vehicle) and any remain-ing loan balance you owe.

Is there a limit to this coverage? Dutch Point GAP Insurance covers up to 125% of the financed vehicle’s value at the time of the total loss. If your vehicle is worth $10,000, the GAP can cover a loan up to $15,000 minus the insurance payoff.

I don’t have GAP now on my loan, can I purchase it after I finance my loan? Yes, GAP can be purchased at any time during the life of your loan. However, it will only cover loss situations after the GAP is purchased.

Is it affordable? Dutch Point Credit Union has one of the best values in the area for this protection. Because of our member focused approach, we are able to offer GAP at a very low price.

Credit Union Branches and Contact Information

Call Center: 860-563-2617 / 800-842-1778 Website: www.dutchpoint.org Email: windmill@dutchpoint.org

Wethersfield: 195 Silas Deane Highway Newington: 465 Willard Avenue Niantic: 8 West Main Street West Hartford: 50 South Main Street (Town Hall) Bloomfield: 1 Wintonbury Mall Berlin: 107 Selden Street Middletown: 213 Court Street, Suite 101

Lost/Stolen Cards: DPCU Visa Card - 800-449-7728 -- Debit Card - 800-472-3272

Holiday Closings

Monday, October 8th - Columbus Day Monday, November 12th - Veterans Day Thursday, November 22nd - Thanksgiving Tuesday, December 25th - Christmas Tuesday, January 1, 2019 - New Year’s Day

IMPORTANT INFORMATIONNow Available - Text Banking and Text Account Alerts We understand the importance of manag-ing your finances -- and that’s why we’ve made it even easier for you to do your banking on the go.

Enjoy quick and simple access to your accounts and transactions through text messages. Enroll your mobile phone number in this free* service through our mobile app.

Text Banking and Text Alerts allow you to: • Check your account balances and review your most recent transactions• Transfer funds between enrolled shares• Receive text alerts for transactions you choose to monitor, including debit card transactions

It’s easy to enroll: • Download and log in to our mobile app• Access the main menu of the accounts screen and navigate to the Text Banking section• Register your mobile phone number and choose which alerts you would like to receive

To learn more visit: dutchpoint.orgor call 860-563-2617.

*Message and data rates may apply.

We’re on the move!

We are happy to share some good news about our Niantic branch. We will soon be relocating the branch to a new location in downtown Niantic -- 241 Main Street.

The new branch will have the following features, designed to better serve you:

• New technology and open floor plan• Full-service ATM, available 24/7• Internet Cafe’• Convenient parking

The move will take place later this year. We’ll provide more details as they become available.

Please Keep Us UpdatedIt’s important we have your current contact information so we can keep in touch with you. Please let us know if your address, phone number(s) or email address changes.

It doesn’t take long. You can update your phone num-bers, home address and email address through online banking using the Options Tab, or call 800-842-1778 and our member service staff will make the update for you.