News Releases : January - March, 2010
"Strictly Seniors" Workshops Explore Ways to Protect Assets: Attendees will learn about the role of trusts in planning before and during retirement.
Kimberly, WI — Independent Trust Planner Richard Dubois of Midwest Trust will be the guest speaker during two "Strictly Seniors" workshops on Thursday, March 25, sponsored by Ameriprise Financial, Inc. and Capital Credit Union. Designed for those ages 60-85, both afternoon and evening workshops are scheduled:
• Noon at Capital's 855 Eisenhower Dr. office in Kimberly. A complimentary light lunch will be served
• 6:00 p.m. at Pullman's at Trolley Square, 619 S. Olde Oneida St. in Appleton. A complimentary dinner will be served
Dubois will talk about trusts and how they protect the assets that people have worked hard to obtain throughout their working lives. Whether you're already retired or getting close to retirement age, this workshop offers important information so that you can make good financial decisions as you retire.
If interested in attending one of these informational workshops, contact Ameriprise Associate Financial Advisor Jamie Van Hammond at 731-3195, toll-free at 1-866-731-3195, to reserve a spot. There is no cost or obligation.
Roth Conversion Workshops Feature Ameriprise Speaker: Noon and evening workshops offer overview of 2010 Roth Conversion rules and considerations.
Kimberly, WI — Ameriprise Platinum Advisor Paul J. Renard will present two Roth Conversion Workshops on Thursday, February 18:
• Noon-1:00 p.m. at Capital Credit Union, 855 Eisenhower Drive in Kimberly. Lunch provided.
• 6:00-7:00 p.m. at Jonathan's Bistro in Appleton. Includes a complimentary dinner.
Attendees will get an overview of the 2010 Roth Conversion contributory rules and reasons to consider a conversion in the next couple of years. Renard will also talk about factors to consider before choosing a Roth Conversion and the tax implications and savings opportunities which are available starting next year.
If interested in attending one of these informational workshops, contact Ameriprise Associate Financial Advisor Jamie Van Hammond at 731-3195, toll-free at 1-866-731-3195, to reserve a spot. There is no cost or obligation.
Capital Credit Union Elects Four Board Directors: President and CEO reports strong, solid reserves and top ratings during 76th Annual Meeting.
Kimberly, WI — Capital Credit Union members voted unanimously for four Board positions during their 76th Annual Meeting of the membership on Wednesday, February 3. More than 300 members attended the meeting where Capital's President and CEO Alan M. Zierler was elected to the Board for another three-year term, along with Board Directors Jeffrey W. Hermus, Aaron J. Steffens, and Colleen A. Van Zeeland. Unlike banks, credit union Board members serve as volunteers.
During her Annual Meeting speech, Board Chairperson Melanie Haen focused on Capital's community and humanitarian involvement, reporting that the first distributions from the Capital Credit Union Charitable Giving Fund will provide meals and shoes for children, and that the credit union also donated $10,000 through the World Council of Credit Unions disaster relief fund to aid the victims of the Haiti earthquake. In addition, she talked about employees giving to the cause via a Charity Casual Day, with proceeds to aid victims in Haiti through the American Red Cross.
Also speaking to the membership, Zierler discussed the financial state of the credit union, saying that thanks to "dedicated members, my excellent staff, and a great Board of Directors, we once again finished the year in excellent shape." Referring to a report from the CPA firm of Wipfli CPAs and Consultants, when compared to twenty other large Wisconsin credit unions (including others in the Fox Valley), Capital Credit Union was number 11 in size, but topped the list at number one in Total Equity and Reserves.
Headquartered in Kimberly, Wisconsin, Capital is a member-owned cooperative which was founded in September 1934. Each credit union member is a shareholder, and members 18 years of age or older can vote for Board positions. Capital is a full-service financial institution with community charters in four counties, returning profits to their members with a wide variety of financial products and services. Capital earned and received a 5-Star Superior rating in December 2009, ranking the credit union among the top ten percent in the nation for the 19th consecutive year.
Capital Credit Union Donates $10,000 to Aid Earthquake Victims in Haiti
Members and employees partner with international relief groups to help provide food, water and rebuilding supplies for Haitians.
Kimberly, WI — Acting quickly to help the people of Haiti after the devastating January 12 earthquake, Capital Credit Union's Board of Directors recently announced the financial institution's donation of $10,000 through the World Council of Credit Unions' (WOCCU) international credit union disaster relief fund. Capital employees also pitched in with proceeds from a Charity Casual Day on Friday, January 22, raising an additional $672 to support the relief efforts in Haiti via the American Red Cross.
"It's the right thing to do," said Capital's President and CEO Alan M. Zierler. "Thanks to our members and employees uniting together with credit union members across the globe, these funds will help provide urgently needed basics like food and water for people who have, in most cases, lost everything. We are humbled and honored to help in this way."
Haiti has a very active credit union movement, with more than 175 credit unions serving over 404,000 members. A team of volunteers from WOCCU arrived in Haiti shortly after the disaster and began delivering much-needed supplies immediately. Employee donations were distributed to the local American Red Cross - Outagamie Chapter in Appleton. Red Cross workers are also distributing food and water to earthquake victims along with blankets, tarps and temporary shelter to individuals and families.
According to the WOCCU, worldwide, more than 46,000 credit unions in 97 countries serve 172 million people. The regional and national credit union and financial cooperative associations affiliated with World Council represent 73 countries across the globe.
March Blood Drive at Capital Helps Save Lives: Public welcome to donate - Appointments appreciated, but walk-ins welcome.
Kimberly, WI — Capital Credit Union will host a blood drive for the Community Blood Center on Wednesday, March 3, 8:00 a.m.-11:00 a.m., at CapitalŐs office at 1010 Prospect St. in Kimberly. The public is welcome and encouraged to donate. Appointments save time for the donor and are appreciated by calling (920) 731-3195. Walk-ins are welcome.
Donating blood is a safe, simple process. To donate, you must be at least 17 years-old (16 with parental consent), weigh at least 110 pounds, be in general good health, and bring a photo ID. Donors are encouraged to eat a regular meal and drink plenty of fluids prior to donating. The donation process takes approximately 45 minutes, including screening, actual blood donation, and a brief post-donation recovery time.
Patients need blood transfusions 24 hours a day, 365 days a year. Donating blood through the Community Blood Center helps boost the local blood supply. There is no substitute for human blood. Community Blood Center blood donors help save lives-right here in Wisconsin!
Roth Conversion Workshops Feature Ameriprise Speaker: Noon and evening workshops offer overview of 2010 Roth Conversion rules and considerations.
Kimberly, WI — Ameriprise Platinum Advisor Paul J. Renard will present two Roth Conversion Workshops on Thursday, February 18:
• Noon-1:00 p.m. at Capital Credit Union, 855 Eisenhower Drive in Kimberly. Lunch provided.
• 6:00-7:00 p.m. at JonathanŐs Bistro in Appleton. Includes a complimentary dinner.
Attendees will get an overview of the 2010 Roth Conversion contributory rules and reasons to consider a conversion in the next couple of years. Renard will also talk about factors to consider before choosing a Roth Conversion and the tax implications and savings opportunities which are available starting next year.
If interested in attending one of these informational workshops, contact Ameriprise Associate Financial Advisor Jamie Van Hammond at 731-3195, toll-free at 1-866-731-3195, to reserve a spot. There is no cost or obligation.
Capital Credit Union Ranked Among Top 10 Percent in Nation: BauerFinancial, Inc. announces Capital's 5-Star Superior rating for 76 consecutive quarters.
Kimberly, WI — Capital Credit Union was recently ranked among the top 10 percent of all U.S. Credit Unions for their safety and soundness by BauerFinancial, Inc., known as "the nation's bank rating service." The 5-Star Superior rating indicates that Capital has been "operating well above their regulatory capital requirements"; and they have done so for the past 19 years.
BauerFinancial, Inc. has been rating independent banks and credit unions since 1983. To determine a credit union's rating, raw data is collected from the National Credit Union Administration (the governing body for credit unions) each quarter, then analyzed and compared with historical data for consistency. Once the process is complete, a rating of zero to five stars is assigned, with a five being the best possible rating. Financial institutions that are considered neither pay to be included in the ratings, nor can they avoid one.
According to BauerFinancial, Inc., "The star ratings classify each credit union based upon a complex formula which factors in relevant data including, but not limited to: capital, historical trends, loan delinquencies, differences in the book and market values of the investment portfolio, profitability, repossessed assets, reserves, charge-offs, regulatory compliance and asset quality."
Capital Credit Union returns their profits to their members in the form of lower interest on loans and higher dividends on savings. Capital gratefully acknowledges their membership for the credit union's continued financial strength, sustainability, and success.
Capital Credit Union Announces 76th Annual Meeting: Members to gather for "state of the credit union" updates, refreshments and prizes.
Kimberly, WI — Capital Credit Union announces their 76th Annual Meeting of the membership on Wednesday, February 3 at 7:00 p.m. Board Chairperson Melanie Haen will preside over the meeting which will be held at Liberty Hall, 800 Eisenhower Drive in Kimberly. Capital's President and CEO Alan M. Zierler will report on the credit union's assets, loans and performance for the year 2009. An election will also be held for four Board director positions. All Capital members are invited.
Attendees will enjoy refreshments and a chance to win cash prizes after the meeting. A member-owned cooperative, Capital was founded in September 1934 as Kimberly Credit Union, located in the Kimberly Mill. Each credit union member is a shareholder and members 18 years of age or older can vote for Board positions.
Capital is a full-service financial institution with community charters in four counties, returning profits to their members with a wide variety of financial products and services.
Headquartered in Kimberly, Wisconsin, Capital Credit Union (capitalcu.com) has assets of more than $360 million and serves more than 33,000 members with 12 offices located throughout the greater Fox Valley area, Greenville, Oshkosh and Freedom. Capital was voted a 2009 Finalist for Best of the Valley Best Credit Union by The Post-Crescent readers.