Member Matters

January 2016

Our Mission: Serving members with convenient financial services and a smile they can trust.

EQUAL OPPORTUNITYLENDER

Bank where you belong.

1000 Lisbon Street · Lewiston, ME 04240836 Center Street · Auburn, ME 04210

207-783-1475www.centralmainecu.com

Credit Union ClosingsMonday, January 18Martin Luther King, Jr. DayMonday, February 15 Presidents’ DayMonday, May 30Memorial DayMonday, July 4Independence Day

SPOTPAY. SECURE PAYMENTS. ON THE SPOT!Accept fast and secure card transactions, anytime and anywhere, using SpotPay™ and your smartphone. With superior support and no sensitive customer data stored on your mobile device, your business has everything to gain and nothing to lose. Enter this link to access SpotPay: http://www.spotpay.com/index.html?groupid=149243

SAFE DEPOSIT BOX RENTAL CHARGEAnnual safe deposit box rental charges will be deducted from your designated account on Wednesday, January 13, 2016.

Please be aware that there is a $20.00 late charge if the money is not in your account for withdrawal on this day. You can avoid this fee by having the money available the day before the transfer.

NEW! EMV DEBIT CARDS

We’re excited to be making the transition to EMV Chip cards. If you have a Central Maine Credit Union Debit Card, then beginning in February 2016, you will receive a new EMV debit card, pictured below, when you’re current card expires. If you have a Central Maine Credit Union Credit Card, then you’ll receive a new EMV credit

card in March 2016 as we’ll be converting to a new credit card processor in March 2016.

Your new credit card will feature advanced EMV Chip technology. EMV, an acronym for Europay, MasterCard and VISA®, is the worldwide standard for credit and debit payment cards using embedded microchips. This new chip-based technology provides an enhanced layer of security to your transactions. The computer chip

enables more secure processing by producing unique data specific to your card and the transaction being processed. This security feature makes your new chip card more difficult to counterfeit.

In addition to the embedded microchip, CMCU cards will also have a magnetic stripe on the back. That way you can continue to make purchases at merchants who do not yet have EMV card terminals by swiping your debit card and signing a receipt.

You’ll enjoy greater acceptance when traveling abroad as chip cards are common in over 130 countries around the world.

If you find yourself at a point-of-sale terminal and are not sure whether to dip or swipe your card, have no fear. The terminal will walk you through the process. For example, if you enter a card into the chip reader slot but the reader isn’t activated yet, it will come up with an error and you’ll be prompted to swipe the card in order to use it.

If chip-card readers are not in place at a merchant, your EMV card can be read with a swipe, just like a traditional magnetic-swipe card. You can still conduct transactions; you just lose that extra level of security. Many large retailers, such as Walmart, Target and Costco, have upgraded their POS terminals and are activating them for chip card acceptance, but some businesses are lagging when it comes to upgrading their

payment technology. Automated fuel dispensers will have until 2017 to make the shift to EMV.

EMV cards will NOT eliminate card fraud. In fact, the credit union will still need to block and reissue your cards if they are compromised in a merchant data breach. What EMV does is make it more difficult to counterfeit your card. This means that fraud on cards is expected to shift from counterfeit cards to online transactions. So it’s still critical to protect your card and PIN, frequently review your transaction history and report anything suspicious to the credit union immediately.

CentralME EMV MCH F .indd 1 6/4/15 12:41 PM

DOMINIC ROUX 2016 SCHOLARSHIPCentral Maine Credit Union offers the Dominic J. Roux Scholarship Award, available to high school seniors, college students, and adult student members. Print out an application from our website. Submit by April 30th deadline.

NOMINATIONS FOR BOARD OF DIRECTORSThe Nominating Committee of Central Maine Federal Credit Union has placed the names of the following persons in nomination for upcoming vacancies on the Board of Directors:

Kathleen Alimandi – is employed as an Office Administrator for the Accounting firm of Albin, Randall & Bennett, CPAs. Mrs. Alimandi has served on the Supervisory Committee of Central Maine Credit Union since 2005 and as a Director since 2006.

Marc Paquette – is an Investment Advisor and owner of Twin City Financial Group. He is a graduate of St. Dominic High School in 1990 and received a B.S. in Finance Degree from the University of Maine in Orono in 1994. Marc currently serves on committees and boards for Camp No Limits, Rotary, and United Way. He feels it is important to not

only work in the community but to give your time as well.

Marguerite Gagne – is a retired CEO of Monmouth Credit Union. She has served on the Norm Nolette Chapter of Credit Unions as Vice President, Treasurer and President. She is currently serving as a Trustee on the Board of the Insurance Trust. Margie brings to the Board a great understanding of the values and principles of credit unions.

The election will not be conducted by ballot and there will be no nominations from the floor when there is only one nominee for each position to be filled. Nominations for vacancies may also be made by petition signed by a minimum of 1% of eligible voting members with a maximum of 500 signatures. The closing date for the Secretary to receive nominations by petition is January 30, 2016. Petitions must be accompanied by a signed certificate stating that the petitioner is agreeable to nomination and will serve if elected, and must also submit a Statement of Qualifications and Biographical Data.

MOBILE BANKING UPGRADEWe have upgraded our mobile banking product. You can now download our mobile banking app and check balances, perform transfers and review history at your convenience. Just think of it…you can have the credit union in the palm of your hands! Mobile banking also offers text banking and elerts.

Simply download our app from iTunes, Amazon or Google and you’ll be mobile with Central Maine Credit Union.

You must have AnyTime Access Online Banking in order to use the Mobile Banking product. Within Online Banking, you can set up several text or email elerts as reminders about your account. Here are the available elerts you can set up to receive:

• When a savings or checking suffix goes below an amount you select;

• When a withdrawal from a savings or checking account is above an amount you select;

• When your available balance on a checking or savings suffix falls below an amount you select;

• When a deposit to a checking or savings account is made to your account;

• When a loan payment is due;

• When a check clears your checking account;

• When a check clears your home equity line of credit;

• Be on the lookout for Remote Deposit Capture which will allow you to deposit checks using your smartphone. We’ll have this ready in 2016.

PRIVATE STUDENT LOANS & RESOURCE CENTERAre you a candidate for a Private Student Loan Consolidation?

For recent college graduates currently faced with high interest private student loan debt, Central Maine Credit Union offers a consolidation and refinancing solution. Visit our website at centralmainecu.com and click on the loans tab and then Private Student Loans for more information.

LendKey is enabling Central Maine Credit Union to bring their Student Loan programs to you online and also

giving you tools to make smart borrowing decisions. So get started today. Visit lendkey.com and click on Resource Center to access a variety of free educational sessions about student loans and financial topics, such as:

• Pros and Cons of Federal and Private Loan Consolidation• Freshman’s Guide to Apply for a Student Loan• Top Mobile Apps to Get Your Finances in Order After College

Pursue federally subsidized student loans before considering private student loans.

STAY ON TOP OF YOUR CREDIT REPORT Only one website has been

officially authorized to

provide free credit reports:

AnnualCreditReport.com.

You also can call

877-322-8228, or complete a

request form and mail it to:

Annual Credit Report Request Service, P.O. Box

10528, Atlanta, GA 30348-5281

Order your credit report for free

from each credit bureau once

each year. Remember, you

can access your credit report

for free, but not your credit

score.

WINNER OF OUR TAKE A CHANCE TO END HUNGER IN MAINE RAFFLE!Between October 1 and

December 14, 2015, we

sold 50/50 raffle tickets to

benefit Ending Hunger in

Maine. Tickets were sold by

our employees at both of our

locations for $2 each. The final

total on December 14th was

$1,112. The winning ticket

was drawn on December

15, 2015, by Lisa Dumond,

from our accounting firm of

Ouellette & Associates. The

winner was Natasha B. who

received 50% of the money

collected ($556) from the

ticket sales and 50% ($556)

was donated to Maine Credit

Unions’ Campaign for Ending

Hunger.

DIRECT DEPOSIT YOUR 2015 IRS TAX REFUNDThe IRS will transmit your tax

refund directly to your credit

union account. It’s quicker,

safer and easier. Our routing

number and your account

number is all you need.

Our routing number is

211287926. To arrange for

direct deposit to your checking

account, use the number at

the bottom of your check

beginning with 50.

To arrange for direct deposit

to your savings account, use

the account number shown on

your statement, a dash (-), and

your suffix (e.g. 999999-4).

65th ANNUAL MEETING March 20, 2016 ~ 1:00 P.M. Saint Dominic Academy, Auburn