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Special Delivery Newsletter

Move it on Over

Move your loan from another financial institution to Progressions! We will take care of moving your loan so you can get on with your life. We have great rates starting as low as 3.84% for your auto, boat or any other loan secured loan and as low as 9.99% for your credit card or unsecured loan.
Call us today at 535-0191!


Hoopfest

Hoopfest has grown from 2,009 players on 512 teams in 1990 to the largest 3-on-3 basketball tournament in the world with more than 26,500 players on 7,000 teams! And Progressions CU was a part of the 2010 Hoopfest by sponsoring a court and a team for the event. In addition, our own Doug Sprecher (Board of Director) was one of the estimated 3,000 Hoopfest volunteers and served as chairman of the Recycling Committee.

Through our association with Hoopfest, we have helped them donate over $1.2 million to community basketball court projects and charitable organizations over the years. And don't forget the positive economic impact of the 200,000 people who come to downtown Spokane to watch and participate in the games. What a great project for the credit union and the community!

 

Telephone and e-checking charges 

We offer two convenient and easy to use services to stay in touch with your accounts at Progressions Credit Union by utilizing SmartLine or SmartLink 24 hours per day, 7 days per week via telephone and internet. These are two ways to obtain your account information and perform transactions anytime you need to, for FREE! Need to transfer funds between your accounts? Use one of these free services and you'll save the $1.00 per transfer charge when you call us to transfer funds for you.* Need more information about SmartLine or SmartLink? Call us at 535-0191 or 800-828-8691 or visit one of our branches to get signed up. We'll be happy to walk you through how to use one or both of these convenient services.

e-Checking is a great account that requires NO Minimum Balance and NO Monthly Service Charge. It is designed for members to have access to their accounts electronically. As it is an electronic account, there is a $5.00 fee for Teller withdrawals and check cashing**. Transfers between accounts can be done through SmartLine , SmartLink or ATM's which can also be used to make your deposits and get cash, all with no charge! Progressions Credit Union strives to make your financial life easier by putting the power of managing your account in your hands.


*Telephone transfer fee not applicable to SmartChoice members. **Check cashing fee not applicable to Smartchoice members, members age 17 and under, $200 total share balance, or $5000 total loan balance.

 

Look Before You Leap! 

Some people don't think twice about hitching themselves to a bungee cord and leaping off a tall building — others can't imagine it. It's the same with investing. Some enjoy the potential rewards higher risk investments can offer — others like to play it safer, preferring cash investments such as money market funds and CDs. Regardless of your temperament; it's important to remember that your investments are only gaining ground if your returns surpass inflation.

There are a lot of factors to consider when determining the level of investment risk you're willing to live with, including age, knowledge of investments and your attitude toward risk in general.

Stock risks

Historically, stocks have offered investors the highest long-term total returns. The S&P 500's total returns, from 1926 through 2005, showed stocks produced a compound annual growth rate of 10.4%.* The results however, can be very different when measured in the short term. Stock investing involves risk including loss of principal.

Bond risks

Bonds generally are perceived as a lower-risk investment than stocks. When bonds are held to maturity, bondholders should receive their principal, in addition to the income earned on the bond. Bonds are subject to market and interest rate risk if sold prior to maturity. Bond values will decline as interest rates rise and are subject to availability and change in price.

Certificates of Deposit

CD's are FDIC/NCUA Insured and offer a fixed rate of return if held to maturity.

The good news is that you don't have to figure it all out on your own. Calling upon the knowledge and experience of our investment professionals can help you meet the challenge.


Securities and Insurance Products are offered through LPL Financial, member FINRA/SIPC, and its affiliates. Spokane Federal Credit Union : Not registered broker dealer(s); Not affiliated with LPL Financial. *Indexes are unmanaged. Investors cannot invest directly in any index. Past performance does not guarantee future results. (April 2006) © 2006 M.A. Co. All rights reserved.

 

Silverwood Tickets Available! 

Before you go to the Park stop by Progressions Credit Union and get your discounted tickets.

 

Valleyfest 2010 

Mark your Calendars!
Please join Progressions Credit Union in Mirabeau Point Park for Valleyfest 2010 on September 25. Progressions Credit Union participates in the "Hearts of Gold Parade" on Friday night too. See ya there!

 

Upcoming closures 

Progressions Credit Union will be closed September 6, 2010 in observance of Labor Day.

 

© 2007 Progressions Credit Union

Phone 535.0191 • Toll-free 1.800.828.8691

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July 2010

In this Issue

Move It On Over

Hoopfest

Telephone and e-checking charges

More Cool Stuff

Creating a Personal Financial Directory