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Cecil County School Employees FCU Enewsletter

In this Issue

Break the Chains of High Interest Credit Cards
arrow The Kelly Group
arrow Don’t Miss Our Upcoming Annual Meeting
arrow New Year! New Member Benefit!
arrow CCSEFCU Privacy Notice
arrow Annual Scholarship Program
arrow Classified Ads
arrow Holiday Schedule

Credit Union Info

Board of Directors
Fred L. Barrett, President
Randy Sheaffer, Vice-President
Donna L. Brown, Secretary
Betty L. Gray, Treasurer / Manager
Michele Dowdell
Edward Herr
James Raab
Thomas Shaffner
Sandra Smith

Education Committee
Josephine L. Cassidy
Carol Duff
Candace Vogelsong

Credit Committee
R. Eugene Clay, Chairman
Nelson Bolender
Gary Lewis

Supervisory Committee
Tom Shaffner, Chairman
Jeff Bundy
Maurice Tenney

Hours and Location

203 Booth Street
Elkton, MD 21921

Our representatives are available Monday through Friday during the
following times:

8:00 a.m. to 4:30 p.m. EST


North East:
3135 Biggs Highway,
Suite #6
North East, MD 21901

Our representatives are available Monday through Friday during the
following times:

12:00 p.m. to 4:30 p.m. EST
Open until 5:30 p.m. on Fridays


NEW: ATM Now Available!





Break the Chains of High Interest Credit Cards

Does high interest have you locked down? We have just what you need for some relief. Switch to a low-interest VISA® Classic Credit Card from CCSEFCU and break free from fees and rising rates.

  • No annual fees
  • No minimum finance charges
  • No transaction fee for purchases

Transfer your high interest store card balances and save money each month.

Break away from high interest with rates as low as

on a CCSEFCU VISA® Classic Credit Card and start saving on all of your purchases, balance transfers and cash advances. Even better, you’ll have NO annual fee to weigh you down. As an added bonus, earn Scorecard points for merchandise or travel. The more you use your card, the more points you get!

Building or Rebuilding Credit?

We also offer a share secured VISA® for those who qualify.

Free yourself from high interest and apply today! Call or stop in to one of our branches, or visit us on the web at www.ccsefcu.org.


**The rates stated above available on approved credit. Rates may be different as determined by the individual creditworthiness of each applicant. Not all applicants will qualify for the lowest rate.


The Kelly Group (back to top)



Provided by Bryan E. Kelly, CFP® and William S. Kelly, CPA, CFP®


IRA and Retirement Plan Limits for 2013

IRA Contribution Limits

The maximum amount you can contribute to a traditional IRA or Roth IRA in 2013 increases to $5,500 (or 100% of your earned income, if less), up from $5,000 in 2012. The maximum catch-up contribution for those age 50 or older remains at $1,000. (You can contribute to both a traditional and Roth IRA in 2013, but your total contributions can’t exceed this annual limit.)

Employer Retirement Plans

The maximum amount you can contribute (your “elective deferrals”) to a 401(k) plan has increased for 2013. The limit (which also applies to 403(b), 457(b), and SAR-SEP plans, as well as the Federal Thrift Plan) is $17,500 in 2013 (up from $17,000 in 2012). If you’re age 50 or older, you can also make catch-up contributions of up to $5,500 to these plans in 2013 (unchanged from 2012). (Special catch-up limits apply to certain participants in 403(b) and 457(b) plans.)

If you participate in more than one retirement plan, your total elective deferrals can’t exceed the annual limit ($17,500 in 2013 plus any applicable catch-up contribution). Deferrals to 401(k) plans, 403(b) plans, SIMPLE plans, and SARSEPs are included in this limit, but deferrals to Section 457(b) plans are not. For example, if you participate in both a 403(b) plan and a 457(b) plan, you can defer the full dollar limit to each plan – a total of $35,000 in 2013 (plus any catch-up contributions).

The amount you can contribute to a SIMPLE IRA or SIMPLE 401(k) plan has increased to $12,000 for 2013, up from $11,500 in 2012. The catch-up limit for those age 50 or older remains unchanged at $2,500.


Securities offered through Cambridge Investment Research, Inc., A Broker/Dealer, Member FINRA/SIPC and Investment Advisor Representative. Cambridge Investment Research Advisor, Inc. a Registered Investment Advisor. The Kelly Group and Cambridge are not affiliated.



Don’t Miss Our Upcoming Annual Meeting (back to top)

Note Annual Meeting Date Change!

Join us for our Annual Meeting on Thursday, February 7th, 4:30 pm at Elkton Middle School Cafeteria. Meet Credit Union Members as we discuss the latest news about CCSEFCU. To show our appreciation, you’ll also be entered into a drawing for a chance to win an iPad mini! We’ll be closing at 4:00 pm the day of the meeting, so that all of the Credit Union’s employees will be able to attend.


New Year! New Member Benefit! (back to top)

We are very pleased to announce our newest Member Benefit for 2013 – priority access to a premier home finance specialist: David Fitzell and his team at Carrollton Mortgage Services, the mortgage division of Baltimore-based Carrollton Bank which has been serving mid-Atlantic homeowners for over 100 years.

Branch Manager, David Fitzell and his Loan Coordinator, April Freitag, lead a talented team of mortgage professionals who specialize in one thing: closing loans while delivering great customer service.

Our newly-approved Mortgage Lender has access to a number of innovative programs including some with grants which just might help you achieve your goals.

Give David or April a call, and find out what they can do for you today!

(410) 427-7261





Annual Scholarship Program
(back to top)

$1000 to be used at any accredited college or university.

This scholarship program is for CCSEFCU members only. Students may join the credit union and then apply. All students in the Cecil County Public School System, Tome School, and Tri-State Academy are eligible for membership. Guidelines to enter for upcoming college students:

  • Be and/or become a member of CCSEFCU
  • Be a Cecil County high school senior
  • Have a GPA of 2.5 or above
  • Submit a two page double-spaced essay on the topic:

Is personal financial education important? How can Cecil County School Employees’ FCU help you become financially literate?


All essays must be forwarded to the credit union at 203 Booth Street, Elkton, MD by April 19th, 2013 for a decision to be made by May 10th 2013. For more information, contact the credit union office at 410-398-6921 or e-mail info@ccsefcu.org.

PLUS – one other scholarship is available, visit www.ccsefcu.org to see all scholarship opportunities.



Classified Ads (back to top)



Holiday Schedule (back to top)

Please note that your Credit Union will be closed in observance of the following holidays:

Martin Luther King Jr. Day
January 21, 2013

Presidents Day
February 18, 2013

Easter Holiday
March 29, 2013
April 1, 2013

Memorial Day
May 27, 2013



Cecil County Schools
Federal Credit Union