RHODE ISLAND CREDIT UNION • JULY 2017

SUMMMER EDITIONMore than just bankingMember Matters

Financial education is very important to us and important to our society. It’s an investment that makes our members and communities stronger and more financially responsible, which offers wide ranging benefits.

In our ongoing effort to provide financial education and improve financial literacy, we are participating with other credit unions throughout Rhode Island in the Better Banking television show on YurView Channel (Cox Cable Channel 4 and 1004) on Sundays at 2:00 pm, and Tuesdays and Thursdays at 7:00 pm. The show features a number of topics including mortgages, credit, small business lending, financial education, and much more. Recent episodes have included interviews with General Treasurer Seth Magaziner and Mark Hayward from the SBA. Each episode also features a Credit Union Spotlight of one local credit union. Credits unions in Rhode Island contribute content, interviews, and production assistance in the development of each monthly show.

The July episode highlights the partnership between the credit unions of Rhode Island and Special Olympics Rhode Island. The episode features interviews with credit union CEOs about their involvement and an interview

with Dennis DeJesus, Special Olympics CEO. Our Vice President Branch Administration & Marketing Gina DePalo will also be featured interviewing Special Olympian Hailey Dupont and her sister-in-law Danielle Dupont. An episode later this summer will include our Vice President of Lending Maureen Jendzejec presenting informative content regarding home equity loans.

Additional financial education information may also be found using the link on our website to Home and Family Finance Resource Center, which is a one-stop online source for high quality financial information. The site covers key financial topics, including automobile, credit, retirement, housing, small business, saving and investing, insurance and more. This resource helps make complicated topics easy to understand and suggests manageable steps toward financial health.

Our primary goal as a financial institution is to serve the financial needs of our members and support our communities. Providing financial education is the perfect extension of this mission and one that we take very seriously. We strive to remain a valuable and contributing member of our communities and take pride in our efforts and success.

Wishing you a happy and safe summer!

MESSAGE FROM THE PRESIDENT/CEODavid B. Suvall

®

Switching from paper statements to eStatements will allow you to view your account statement much sooner than waiting for it to arrive in the mail. You’ll access eStatements directly and securely through Branch24 Online Banking.

The benefits of eStatements:

Enrolling in eStatements is simple – just log on to Branch24 Online Banking and click on the eStatements tab. You’ll be asked to accept the disclosure and then you’ll enjoy immediate access to your statements, check images, and any statement inserts. If you are not currently enrolled in Branch24 Online Banking, please sign up at www.ricreditunion.org today.

• Access past statements and check images

• Print or save your statements

• Manage your accounts faster and easier

• Protect and preserve our environment

eStatements are now available!

A very special day!Rhode Island Credit Union staff volunteered at the Special

Olympics Summer Games on Friday June 2nd along with

volunteers from credit unions throughout RI. We participate in

a number of fundraising efforts throughout the year to support

Special Olympics RI and thank our members and staff for their

generosity. It was such a special day with very special athletes.

Paul V. FilipponeBoard of Directors

Herve Champagne, Jr.Board of Directors

R. Gary ClarkBoard of Directors

Robert E. ChristieSupervisory Committee

At the 71st Annual Meeting and Election of Officers of Rhode Island Credit Union, elected to the

Board of Directors for a three year term were Paul V. Filippone, Herve Champagne, Jr., and R. Gary Clark,

and elected to the Supervisory Committee for a three year term was Robert E. Christie.

A N N U A L M E E T I N G A N D E L E C T I O N

When your electricity goes out, you lose power in more ways than

one. Daily necessities are out of reach without lights, warm water, and

heat or air conditioning.

So if you get a call from someone threatening to shut off your utilities

because they say you owe money, you’re going to pay attention – and

you may even pay up. But not so fast. The caller might be an imposter

running a utility scam.

How can you tell? The caller wants you to send money – quickly,

and in a very specific way. He may say the only way to make the

“payment” is by wiring the money or using a prepaid card. That’s

because scammers want your money quick, and they want to stay

hidden. But once you wire money or use a prepaid card, your money

is gone for good.

Here are a few ways to protect yourself:

• Make sure you’re really dealing with your utility company.

Call the company using the number on your bill. You can also

check your bill to confirm what you owe.

• Never wire money or send the number from a prepaid card

to someone you don’t know — regardless of the situation.

Once you do, you cannot get your money back.

• Contact the company if you are falling behind on your utility

bill. See if you can work out a payment plan to catch up and

keep your service on.

• Report it to the FTC if you think a scammer has contacted you.

Don’t let utility scams overpower you

UTILITY

SCAM

With the increasing availability of mobile and online banking options,

traditional checking account products like paper personal checks are

falling out of usage. Online bill pay, peer-to-peer payments, and other,

more convenient ways of moving money are taking their place. More

people are using their debit and credit cards to make purchases in

person rather than writing a check.

In a recent survey asking about how often people write checks, the most

common response was “never” at 37.8%, followed by “several times a

month” at 25.6%, “a few times a year” at 20.5% and “once a month”

at 16.1%.

There are several options to reduce or replace check writing. For

paying your bills, our Online Bill Payment Service allows you to pay your

mortgage, credit cards, and auto loans all quickly and easily either on

demand or as automatically recurring payments. For everyday shopping

and even some recurring payments such as gym memberships, using our

credit and debit cards are great options. Check writing in a store is often

a time-consuming process that slows down the transaction and requires

you to present identification. Using a credit or debit card is fast, secure,

and allows for easy tracking of your spending. And, using our credit card

also gives you points that can be used for great rewards.

Visit any branch location or www.ricreditunion.org to learn more about

our checking account services and other payment options.

Still writing a check?

YOUR LEADERSHIPBOARD OF DIRECTORSErnest A. DeAngelis ChairR. Gary Clark 1st Vice ChairPaul V. Filippone TreasurerRobert P. Gemma SecretaryPaul V. Valliere Assistant TreasurerHerve Champagne, Jr. Assistant SecretaryMilton H. Bronstein 2nd Vice ChairpersonFrank R. Walker, III 2nd Vice ChairpersonBeverly A. Dwyer 2nd Vice ChairpersonHenry A. Godin, Jr. 2nd Vice Chairperson

SUPERVISORY COMMITTEEJane F. Correia ChairRobert E. Christie MemberDennis B. Tripodi Member

CREDIT COMMITTEENancy L. Zeppa MemberMaureen K. Jendzejec MemberBetty L. Chartier Member

Gina DePalo, VP Branch Administration & Marketing threw outthe ceremonial first pitch. We were proud to sponsor the game and

fireworks and hope our 500 lucky raffle winners enjoyed it!

160 Francis Street, Providence, RI 02903401.751.7440 • 401.553.2200

Fax 401.751.0189 M, T, W - 8:30-3:30, Th - 8:30-5:30,

Fri - 8:30-6:00-

URI Memorial Union50 Lower College Road, Kingston, RI 02881

401.789.0253 • Fax 401.789.0087M-Th - 8:30-4:30, Fri - 8:30-5:00

-60 North Main Street, Pascoag, RI 02859

401.568.6271 • Fax 401.568.0025M, T, W - 8:30-4:00,

Th - 8:30-5:00, Fri - 8:30-6:00-

860 Reservoir Avenue, Cranston, RI 02910401.941-8770 • Fax 401.941.0096M, T, W - 8:30-4:00, Th - 8:30-6:00,

Fri - 8:30-7:00-

390 Metacom Avenue, Bristol, RI 02809401.253.1313 • Fax 401.253.1389M, T, W - 8:30-3:30, Th - 8:30-5:30,

Fri - 8:30-7:00-

Express Service Phone 24401.351.7760

-www.ricreditunion.org

This Credit Union is federally insured by the National Credit Union Administration.

Rhode Island Credit Union Nightat the PawSox was FANtastic!

*Annual Percentage Rate (APR) is for terms up to 66 months and available for new and used motorcycles 2015 and newer. The monthly payment for a 66-month loan is $16.30 per $1,000 borrowed. Rate based on individual creditworthiness and subject to change without notice. Other rates and terms available. Certain restrictions apply.

2.64%APR*

Motorcycle LoanRATES AS LOW AS