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In this Issue
Credit Union Info
Board of Directors
Fred L. Barrett, President
Randy Sheaffer, Vice-President
Donna L. Brown, Secretary
Betty L. Gray, Treasurer / Manager
Michele Dowdell
Edward Herr
James Raab
Thomas Shaffner
Sandra Smith
Education Committee
Josephine L. Cassidy
Carol Duff
Candace Vogelsong
Credit Committee
R. Eugene Clay, Chairman
Nelson Bolender
Gary Lewis
Supervisory Committee
Tom Shaffner, Chairman
Jeff Bundy
James Prigel
Maurice Tenney
Hours and Location
203 Booth Street
Elkton, MD 21921
Our representatives are available Monday through Friday during the
following times:
School Year Hours:
8:00 a.m. to 4:30 p.m. ES
Summer Hours:
June 22 through August 21
9:00 a.m. - 4:00 p.m.
Monday - Friday
Telephone:
410-398-6921
TellerLine:
1-800-388-8380
Online:
www.ccsefcu.org
Fax:
Count410-398-0032
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We’ve Got Money to Lend!
Refinance your Auto Loan and/or Personal Loan for 2% less what you are currently paying.
Do you currently have a car loan and/or personal loan at another financial institution at a higher rate? If so, you could qualify for up to a 2% reduction of your current loan rate.
Contact a Credit Union Loan Officer today at 410.398.6921, and start saving!
 With Summer, Comes Expenses Summer is in full swing, so don’t let another year go by without the pool or deck you’ve been waiting for. With home Equity loan rates as low as 4.5% APR* now is the perfect time for that new addition to complement your lifestyle.
Have you been waiting to go on the ideal summer vacation? With personal loans available with flexible terms up to 60 months and a rate as low as 10.99% APR* we could make your summer wishes come true.
Whether it’s a summer vacation or the many upcoming college costs like: tuition, supplies, computer, books, and fees, CCSEFCU has a loan to meet your needs. Visit the credit union or call 410.398.6921 and talk to a Loan Officer today.
*Rates quoted above are for qualified borrowers. Your rate may vary based upon your individual credit profile. Refinance floor is 7.99% APR on personal loans and 4.9% APR on auto loans of $5000 or more.
KELLY FINANCIAL GROUP, LLC (back to top)
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KELLY FINANCIAL GROUP, LLC
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provided by Bryan E. Kelly, CFP® and William S. Kelly, CPA, CFP® |
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Health-Care Reform: 2010
Tax Changes for Individuals
The health-care reform legislation that was recently signed into law contains a number of tax changes. Some of these changes take effect immediately; others won’t have an impact for a few years. Here’s a breakdown of some of the immediate changes worth taking note of.
Changes taking place in 2010
Bad news if you frequent tanning salons – after July 1, 2010, there will be a new 10% tax assessed on amounts paid for indoor tanning services.
Good news for adoptive parents, though – the maximum tax credit for qualified adoption expenses, and the maximum amount of employer-provided adoption assistance that can be excluded from income, each increase from $12,170 to $13,170. The tax credit is also made refundable. These changes are effective for 2010 and 2011, with an adjustment for inflation in 2011.
In addition, if you’re covered by an employer health plan, the tax benefits (i.e., the ability to exclude the value of the benefits from income) associated withthe health coverage and any reimbursements youreceive for medical care expenses are extended to any children who have not reached age 27 by the end of the year. Similarly, self-employed individuals can deduct the costs associated with health-care coverage for any child who doesn’t reach age 27 by year-end.
There are multiple tax changes that will take effect in subsequent years. For additional information and to stay informed, consult your financial advisor ortax preparer.
Securities offered through Cambridge Investment Research, Inc., A Broker/Dealer, Member FINRA/SIPC and Investment Advisor Representative. Cambridge Investment Research Advisor, Inc. a Registered Investment Advisor. The Kelly Group and Cambridge are not affiliated.
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Scholarship Winner (back to top)
Congratulations to this year’s scholarship winner! David Amato, who will be attending Marlborough College in Vermont, won the Credit Union’s $1000 scholarship.
Keep looking out for next year’s scholarship opportunites!
Classified Ads (back to top)
As a service to our members, we offer free placement of classified ads in our newsletter. We reserve the right to publish submitted ads at our discretion.
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Two Bedroom House for Rent
Earleville, MD – No pets
$950.00 + Security Deposit
443.553.5513.
For Sale
2006 Suzuki Hayabusa GSX1300R Red/Blk, Under 4K miles, garage kept, many extras. $8,500/OBO 410.275.2995
JCR Professional Cleaning Service
Always reliable! Jo Beth Rutter, Owner Hances Point Rd., North East, MD. Residential and Commercial. No job too big or too small. Call for your FREE estimate. 410.441.0442
Vollara Business Opportunity
Have you considered the tax benefits of establishing a home-based business? Vollara, a direct sales leader, has immediate opportunities for those who qualify as market expansion coordinators. Marketing products that sell themselves and add value to those who purchase them is a no pressure, win-win path to additional income. Here are three reasons why:
 Working from home, in your spare time, qualifies you for many deductions at tax time.
- Dealer pricing brings opportunities to own state-of-the-art air and water purification technologies that enhance personal purity and add health benefits to your home environment.
- Patented nutritional and weight loss products can eliminate the need for frequent doctor visits and prescription drugs.
Life-changing products that promote wellness and improve the environment are important to everyone. Help us share the good news: Uncompromising health is attainable! Visit www.myvollara.com/barton for details or call: 302.256.8286 |
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Reminders! (back to top)
Park Tickets
We have discounted park tickets again this year. Stop in to buy yours today!
Skip-A-Loan Payment
Take advantage of the Skip-A-Loan payment promotion. You can choose either July or August 2010 to skip your loan(s) payment with us. Call the Credit Union for details.
Holiday Schedule (back to top)
Please note that your Credit Union will be closed in observance of the following holidays:
Labor Day
September 6, 2010
Columbus Day
October 11, 2010
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