Winter Insights Newsletter
A Publication for Partner Colorado Members: Winter 2024
Earn up to 5.25% APY with a Certificate of Deposit (CD)!
Plan today, prosper tomorrow.
Ready to make your hard-earned money do more for you? Start off 2024 growing your cash with one of these special certificates. Choose a term that fits your needs and lock in a risk-free rate of return.
- 5.25% APY - 18-month CD1
- 5.00% APY - 15-month CD2
Few investments can offer guarenteed returns. That's the great thing about our special CDs. On the day you open your CD, you'll know exactly how much it will be worth at maturity. New money is not required, so all you need is $500 to get started.
Limited-time offer. Lock in your CD rate by January 31, 2024.
APY = Annual Percentage Yield.
1The minimum balance to open and earn 5.25% APY on an 18-month CD is $500. Upon maturity, the 18-month CD will revert to a regular 24-month CD and will earn the APY in effect at the time.
2The minimum balance to open and earn 5.00% APY on a 15-month CD is $500. Upon maturity, the 15-month CD will revert to a regular 12-month CD and will earn the APY in effect at that time. Penalties will be imposed for early withdrawals. A penalty equal to 90 days of interest will be assessed on early withdrawals for CD terms of 12 months or less, and a penalty equal to 180 days of interest will be assessed for CD terms over 12 months. This includes interest-only withdrawals. Penalties could reduce earnings and principal. IRA certificates are subject to the same penalties and may be subject to additional early withdrawal penalties. Promotional rates are effective as of December 1, 2023. Rates are subject to change without notice. Certain conditions and restrictions may apply.
We Make It Our Business to Help Yours Grow!
A lot of businesses start small. That's what inspires entrepreneurs, like you, even if your small business is currently just a side hustle. One key to growing a successful business is partnering with the right people. That's where we come in. Our friendly team of business banking experts make it our business to help yours succeed. As a local, not-for-profit cooperative, we understand the unique needs of Colorado businesses, and we offer financial tools and technologies to move you ahead.
- Business Checking: Enjoy the convenience of 24/7 banking with no gimmicks, hassles, or hidden fees.
- Debit card with rewards: Earn rewards each time you pay with your Partner Colorado business debit card. Redeem rewards for good stuff, like airline tickets, merchandise or cash back.
Business Solutions from our Partners at Newtek.
Through Newtek, we offer a full suite of value-driven business services designed to help you succeed. These include:
- Term loans ranging from $10,000 to $5 million
- Commercial real estate loans up to $10 million
- Electronic payment processing, including EMV- and PCI- compliant equipment and Point-of-Sale solutions
- eCommerce solutions: End-to-end site development, shopping-cart hosting and email
- Commercial and personal insurance solutions
- Managed technology, including Cloud computing infrastructure, disaster recovery and more.
Open a new business checking account and receive $250!*
Call us today at 303.422.6221 x 9110 and have a friendly conversation with one of our business experts.
*Bonus is not available to existing Partner Colorado members. Bonus valid for new business checking accounts opened between January 1 and March 31, 2024. Limit one bonus per account. Activation of a Business Visa Debit Card and enrollment in online/mobile banking are required to receive bonus. All requirements must be met within 30 days of account opening and the cash bonus will be deposited into the new business checking account within 10 days of meeting qualifications. The $250 cash bonus is considered interest and is subject to IRS and other tax reporting. Other conditions and restrictions may apply.
Partners in Your Financial Well-Being
Wherever you are in your life's journey, we're here to provide resources to help you improve your financial well-being.
Our Partners in Financial Health program offers counseling services through GreenPath Inc., a nonprofit financial wellness organization dedicated to helping members live their best financial lives.
Whether you're a college grad preparing to buy your first home or you're looking for advice on how to pay off debt and improve your credit profile, GreenPath can help.
GreenPath services include:
- Financial Education
- Bankruptcy Counseling and Education
- Making Credit Work for You
Get started with a free financial check-up. Call 877.377.3399 to get started. Be sure to let them know you're a Partner Colorado member!
2.50% on Your Checking. Yes, It's True!
We're excited to offer a rate up to 2.50% APY1 on checking balances in our Elevated High-Interest Checking account. If you regularly maintain a healthy balance in your checking account, this elevated rate will make a real difference each month.
The Elevated High-Interest Checking account is powered by BaZing. That means not only does it pay you an elevated interest rate, but you can also save hundreds of dollars a year with these extra perks:
- Cell Phone Protection
- Roadside Assistance
- Identity Theft Aid
- Fuel Savings each time you fill up the tank2
- And more!
Higher return on you balance, plus money-saving extras. Two good reasons to partner with us for your checking needs.
1To earn the highest interest rate, you must meet the following monthly requirements: complete twenty (20) signature-based debit card transactions ($5 minimum per transaction), utilize eStatements and use online or mobile banking with a valid email address. 2.50% Annual Percentage Yield (APY) is paid on daily balances up to $10,000.00, 0.50% APY between $10,001.00 and $25,000.00 and 0.10% APY on remaining balance and/or non-qualifying accounts.
2 You'll receive a one-time activation reward of $0.10 per gallon when you activate BaZing fuel. You'll earn a monthly reward of $0.10 per gallon each month when you have 15 eligible debit card transactions post and settle during the Monthly Qualification Cycle (MQC), which is defined as the first day of the month through the last day of the month. Only transactions posted during the MQC will count towards the monthly reward for that MQC. The following activities do not count toward earning BaZing fuel: ATM withdrawals, transfers between accounts, deposit or refund transactions. Transactions posted during the MQC greater than the monthly reward requirement will be stored to count towards a bonus reward of $0.10 per gallon. When you have 50 stored bonus transactions, you will earn the bonus reward. You will continue to earn bonus rewards for every 50 stored bonus transactions accrued. If the required monthly reward transaction count is not met during the MQC, no transactions are counted for any reward during that MQC or the bonus reward. BaZing Fuel Terms and Conditions for full disclosures. BaZing fuel offer may be changed at any time and without notice.
It's Time for Scholarship Applications!
Do you know a high school senior or college student who could use help paying for college expenses?
The Partner Colorado Foundation has awarded over half a million dollars in scholarships to deserving students, and we're going to give away thousands more in scholarships this year.
Recipients are selected on the basis of financial need; however, superior academic achievement and involvement in curricular, extracurricular and community activities are also taken into consideration.
Minimum scholarships are $1,000 per recipient, per year. If students continue to meet qualifications, they can apply for renewal.
The deadline for applications is April 30, 2024.
To get more information about the process or apply, click here!
All applications and documents must be submitted no later than April 30, 2024.
Free Financial Webinars
Wherever you are in your life's journey, we're here to provide resources to help you improve your financial wel-being. Review the upcoming events below and plan to join us online or in person for the topics you're most interested in.
Reaching Your Financial Goals in 2024
An estimated 80% of New Year's resolutions fail by mid-February every year, according to US News and World Report. Many of us start the year with great intentions: we really believe this will be "our year," and then life happens, and maybe this isn't "our year" after all (yet again). If this sounds familiar, join us for a webinar to learn how to set AND actually reach your financial goals in 2024. We'll tak about how to be honest with yourself to set realistic goals, how to understand and be prepared for what may derail your progress and strategies to keep you moving towards your goals all year long.
Wednesday, January 24 @ 11:00pm - 11:45 pm
Presented by: GreenPath
Ten Steps to Financial Success
We all measure financial success differently, but all paths to get there require discipline and goals. This session teaches participants ways to gain financial control, including developing a spending plan, creating objectives, weighing insurance needs, and other tools that will help get you on the road to personal financial success.
These are two dates to choose from:
Tuesday, January 9 @ 11:30 am - 12:30 pm
Thursday, January 18 @ 6:30 pm - 7:30 pm
Presented by: Balance
Solving the Mystery of Credit Reports
Credit report scores hold a lot of power, they can help buy that first home but can also take away financial opportunities. This webinar provides an overview of credit bureaus, credit scoring, guidance to dispute inaccuracies, improving credit scores, and dealing with identity theft and fraud.
There are two dates to choose from:
Tuesday, February 13 @ 11:30 am - 12:30 pm
Thursday, February 22 @ 6:30 pm - 7:30 pm
Presented by: Balance
Saving With Purpose
Saving money is much easier with a goal in mind. This webinar will show you how to choose the right goals for you and overcome barriers to achieving them.
There are two dates to choose from:
Tuesday, March 12 @ 11:30 am - 12:30 pm
Thursday, March 21 @ 6:30 pm - 7:30 pm
Presented by: Balance Financial Counseling
Social Security: Seven Keys to Enhancing Your Benefits
This compimentary in-person seminar will help you understand the basics of social security, including when to start talking benefits, keys that take a deeper dive into Social Security, and how to take the next step by rethinking retirement strategies.
Date & Time: January 31 @ 6:00 pm - 7:00 pm
Location: Central Park, 4000 Quebec Street, Denver, CO 80216
If you attend this seminar, you'll be entered for a chance to win $50!1
Presented by: Allianz2
Hosted by CFS Financial Advisor Larry Nazarenus
1A minimum of ten people must attend the seminar in order for the gift card drawing to occur. Must attend the seminar in order to be eligible to win. Odds of winning may vary. No purchase necessary to win.
2This content is for general information purposes only. It is not intended to provide fiduciary, tax, or legal advice and cannot be used to avoid tax penalties; nor is it intended to market, promote, or recommend any tax plan or arrangement. Allianz Life Insurance Company of North America, Allianz Life Insurance Company of New York, their affiliates, and their employees and representatives do not give legal or tax advice or advice related to Social Security benefits. Clients are encouraged to consult with their own legal, tax and financial professionals for specific advice or product recommendations, or go to their local Social Security Administration office regarding their particular situation. Products are issued by Allianz Life Insurance Company of North America, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297. www.allianzlife.com. In New York, products are issued by Allianz Life Insurance Company of New York, 1633 Broadway, 42nd Floor, New York, NY 10019-7585. www.allianz.com/new-york. Only Allianz Life Insurance Company of New York is authorized to offer annuities and life insurance in the state of New York. Variable products are distributed by their affiliate, Allianz Financial Services, LLC, member FINRA, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297. www.allianzlife.com. Guarentees are back by the financial strength and claims-paying ability of the issuing company. Variable annuity guarentees do not apply to the performance of the variable subaccounts, which will fluctuate with market conditions. Not FDIC insured. May lose value. No bank or credit union guarentee. Not a deposit. Not insured by any federal government agency or NCUA/NCUSIF. Non-deposit investment products and services are offered through CUSO Financial Services, L.P. ("CFS"), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarentees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. The credit union has contracted with CFS to make non-deposit investment products and services available to credit union members.
Election Update for our Board and Audit Committee
As a member of Partner Colorado, you have a voice in selecting the volunteer officials that help guide the credit union in the best interest of the membership. This year, we have three board positions and one audit committee seat open. We encourage interested members to apply.
Nominations closed December 1, 2023. Partner Colorado members interested in running for the Board of Directors may do so by petition only. Persons wishing to be nominated by position may obtain the official petition forms from Billie Easter at 303.422.6221 x 9021.
Such persons must be at least 18 years of age, must be a member of good standing and must complete all required forms including a biographical resume. Each petition must have 100 signatures of the Partner Colorado Credit Union membership (signatures cannot be solicited in any Partner Colorado branches.) The Nominating Committee must receive completed petitions by February 29, 2024.
We will be closed on the following days:
- New Year's Day - Monday, Jan. 1
- Martin Luther King Jr. Day - Monday, Jan. 15
- Presidents' Day - Monday, Feb. 19
- Thursday, May 23, 2024 @ 5:30 pm
- Arvada Headquarters
5269 W. 62nd Ave., Arvada, CO