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Financially Fit Newsletter
Pipefitters Steamfitters Credit Union
50 Years of Fitting our Members Financial Needs
(1957 - 2007)
New in 2008 !
After 28 years of successful leadership, Eugene (Gene) Carroll has retired from the President's role at Pipefitters Steamfitters Credit Union. We wish Gene well in his new chapter in life, and sincerely hope he can pursue all the interests that retirement's leisure holds for him.
On January 2nd, Jim Kavaloski began his official duties as the Pipefitters Steamfitters Credit Union's new President. Jim has been with the credit union since June of 1999, and is looking forward to this new leadership challenge. We're excited to welcome Jim into this new role, and we look forward to seeing how his guidance will help make Pipefitters Steamfitters Credit Union an even better choice for our members.
Important Dates in 2008...
Friday, August 29th AND Friday, September 5th : Possible extended lobby hours
September 1 - 4, 2008, the Republican National Convention will be held at the Xcel Energy Center in downtown St. Paul. This event will pose a challenge to both the city of St. Paul and our members. It is not known at this time if our lobby will be accessible to members for security reasons on those dates. We will not have much more than a month's advance notice as to how security will affect member access to our building. If necessary, the credit union will accomodate members with extended hours on Friday, August 29th (before Labor Day) and Friday, September 5th. On the dates Sept 2- 4th, the members should be able to transact business by telephone, mail, audio response and our online web site for the 3 days affected. Please watch this page for updates regarding this issue in the months ahead!
Some New Faces...Please join us in welcoming two new employees, Shannon Kleppe and Rhonda Latimer. Shannon and Rhonda both joined us in the month of February and we are confident that the knowledge, experience and enthusiasm they bring with them will be an asset to the credit union.
Home Remodeling
How to Choose the Projects That Pay Off
Building a better bathroom? Creating a cooler kitchen?
If you want to remodel your home, save money and hassle by thinking about your goals first.
There are two types of remodeling projects:
Type 1 – You plan to stay in the house for many years, and are not concerned about the impact of the remodel on your market value.
Type 2 – You might sell in the next few years, and you care about the impact on your home’s value.
Type 2 remodelers should consider a 2004 survey in Remodeling Magazine. It compared the cost of home improvement projects against the likely return on investment at resale (ROI).
Best Return on Investment
Minor kitchen remodels were the most likely to nearly pay for themselves, with a 93% return.
That means a $5,000 kitchen remodel on average would increase the value of the home by $4,650, for a 93% ROI.
Next came new siding at 92% ROI and bathroom updates at 90%. Other remodels providing a decent return included new decks and window replacement.
Hot tubs, gazebos and similar projects do not increase the resale value of a home. That doesn’t mean you shouldn’t add one. Just think about it the same way you might a new TV – get it if you really want it, will enjoy it, and can afford it.
No remodel is likely to increase the home’s resale value by more than you spend. If are going to remodel, do it because you want to make your house a better place for your family to live.
Financing It
Home equity loans are a popular way for Credit Union members to pay for remodeling. These loans can be used for nearly anything, and the interest is usually tax deductible.
The Lending Staff at the Credit Union have helped many members to assess their options and get a home equity loan quickly and conveniently. Call or visit them to ask questions or get started.
Donations Still Accepted
 Donations to the Children's Miracle Network can me made until May 15th in the Credit Union office.
Credit Unions around Minnesota collect money each year. Most of the funds raised go to the Gillette Children's Hospital. If you can't make it into the office but still want to contribute, call us today.
Make the Switch to Share Draft Checking
If you have a bank checking account, take a close look at your monthly statements. You will probably notice higher fees every year, along with rising minimum balance requirements.
You do have a choice. You can switch to a share draft checking account from your Credit Union.
Share draft checking offers you low fees, along with online account access and bill paying.
Low Fees - For many members, the account is free except for buying checks. There are no monthly fees or minimum balance requirements.
Earn Monthly Dividends
Debit Cards - Instant Cash & Check cards allow you to withdraw cash and make purchases nearly anywhere.
Internet Access - Access your account 24 hours per day via Internet Home Banking.
Phone Access - If you prefer the phone, Pipeline Audio Transactions is also available anytime.
Online Bill Payment – After signing up for Online Bill Payment, your regular bills are paid automatically from your account on selected days. Monthly fee may apply. Look closely at what you’re really paying for bank
checking. Then compare to your Credit Union.
Call or visit our office to ask questions.
Pipefitters Steamfitters Credit Union
411 Main Street, Suite 102
St. Paul Minnesota 55102
(651) 227-0771
MN Toll-Free 1-888-956-0771
Hours
M-Tue, Thu-Fri 9:30 a.m. - 5:30 p.m.
Wed 1:00 p.m. - 8:30 p.m.
24 Hour Access
Pipeline Phone System
1-877-478-3693
Online Home Banking
Board of Directors
Chairman David Steele
Vice Chair Daniel Nordby
Secretary Patrick Moore
Directors Curtis Johnson, Daryl Hanson, Thomas Walsh, Mark Slagle
Credit Committee
Chairman Allen Lenz
Members Steven Will, Timothy Perfect
Supervisory Committee
Chairman Michael Menne
Members Matt Steffens, William Hansen
Delinquent Loan Committee
Members Grant Berqual,Thomas Heimerl, Joseph March
President Jim Kavaloski
Staff Wayne Melby, Nancy Benson, Edith Sprick, Shannon Kleppe, Rhonda Latimer
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