Members: Please be aware that scammers are taking advantage of fears surrounding the coronavirus (COVID-19).

 

The following are tips to protect your identity and safeguard your accounts based on current phone, email and texting scams:

 

  • Don’t click on links sent to you via email or text from sources you don’t know. This could download viruses onto your computer or device.
  • Do not ever provide your personal information (social security number, account numbers, Home or Mobile Banking usernames or passwords, etc.) to anyone who contacts you by phone, text or email.
  • Watch for fraudulent emails claiming to be from the Centers for Disease Control and Prevention (CDC) and other health experts.
  • Ignore online offers for vaccinations or products available to treat the disease. There are no products online or in-stores for this purpose.
  • Donation requests are on the rise so always research/verify the authenticity of a charity.
3/26/20 Update 

 

Dear Member:

 

During this time, we would like to inform you of several Glass City Federal Credit Union updates due to the current COVID-19 situation:
    • Temporary changes to branch operations
    • Financial assistance options
    • Additional member resources
    • Current scam alerts

 

TEMPORARY CHANGES TO BRANCH OPERATIONS:
All teller transactions are being conducted through the drive-up only of our five branch locations. 

 

DRIVE-UP HOURS
Maumee/Bowling Green/Secor/East Broadway:        
Monday thru Thursday: 8:30 a.m. – 5 p.m.
Friday: 8:30 a.m. – 6 p.m.
Saturday: 9 a.m. – Noon

 

Alexis (at Gage Rd):    
Monday thru Thursday: 8:30 a.m. – 4:30 p.m.
Friday: 7:30 a.m. to 5 p.m.

 

OUR BRANCH LOBBIES ARE TEMPORARILY LIMITED TO THE FOLLOWING TRANSACTIONS BY APPOINTMENT ONLY FOR:
  • Special mortgage/lending needs
  • Wire transfers
  • Account fraud (excluding debit and credit cards) or sensitive account issues
  • Safe deposit/lock box access
To schedule an appointment, please contact us by:
  • Calling 419-887-1000
  • Emailing gcfcu@glasscityfcu.com with the subject: Appointment Request
  • Clicking here to be directed to our “Contact Us” page

This lobby restriction will be effective until further notice as directed by our national, state and local health authorities.

 

FINANCIAL ASSISTANCE OPTIONS: 
Need Financial Assistance due to COVID-19 circumstances? 
debt relief Glass City is here to help! 
  • COVID-19 RELIEF LOAN: Click here for details.
  • Apply for a Platinum Visa Credit Card here.
  • Need to skip a Glass City loan or visa payment? Click here.

 

ADDITIONAL MEMBER RESOURCES:
  • Glass City’s Home or Mobile Banking: Online banking through your desktop or our Glass City Mobile app can accommodate all of your banking needs 24 hours a day/7 days a week. With these free options, you can review account transactions, statements, transfer funds, make bill payments, and more. You can also deposit checks with Mobile Banking. As always, you can visit glasscityfcu.comto apply online for any loan option or a Visa credit card.
    • For Home Banking registration instructions, please click here.
    • For Mobile Banking registration instructions, please click here.
    • For download instructions for our new Glass City Card Controls mobile app to manage your Glass City debit and credit cards, please click here.
  • Drive-Up and ATM Services: Glass City branches are fully operational through our drive-up lanes during the hours listed above. Of course, if you need cash any time of day or night, our branch ATMs and ATMs within the Alliance One network are available for you.

 

SCAM ALERTS
We also advise that you be aware of current phone, text and email scams related to COVID-19 to protect yourself against potential fraud: never give your personal information (social security numbers, account numbers, home or mobile banking usernames and passwords, etc.) to anyone who contacts you by phone, text or email. For details regarding current COVID-19-related scams, please click here.

 

We will continue to follow recommendations from federal, state and local health officials. Please continue to visit glasscityfcu.com for updates.

 

Thanks for being our member. We’re working for you! 

 

Sincerely,
Mark Slates
President & CEO
Glass City Federal Credit Union

 

3/18/20 Update

 

Dear Member:

 

At Glass City Federal Credit Union, we are committed to prioritize the health and safety of our members and employees. Therefore, we have decided that “social distancing” due to coronavirus (COVID-19), as described by Governor Mike DeWine, is the most prudent approach to minimize community impact.

 

As a result, we will be temporarily limiting access to the lobbies of all Glass City Federal branch facilities.

 

EFFECTIVE THURSDAY, MARCH 19, 2020, ALL TELLER TRANSACTIONS WILL BE CONDUCTED THROUGH THE DRIVE-UP ONLY OF OUR FIVE BRANCH LOCATIONS:

 

Drive-up hours:
Maumee/Bowling Green/Secor/East Broadway:        
Monday thru Thursday: 8:30 a.m. – 5 p.m.
Friday: 8:30 – 6 p.m.
Saturday: 9 a.m. – Noon

 

Alexis (at Gage Rd):    
Monday thru Thursday: 8:30 a.m. – 4:30 p.m.
Friday: 7:30 to 5 p.m.

 

Our branch lobbies will be temporarily limited to the following transactions by appointment only for:
  • Special mortgage/lending needs
  • Wire transfers
  • Account fraud (excluding debit and credit cards) or sensitive account issues
  • Safe deposit/lock box access
To schedule an appointment, please contact us by:
  • Calling 419-887-1000
  • Emailing gcfcu@glasscityfcu.com with the subject: Appointment Request 
  • Clicking here to be directed to our “Contact Us” page

This lobby restriction will be effective until further notice as directed by our national, state and local health authorities.

 

ADDITIONAL MEMBER RESOURCES:
  • Glass City’s Home or Mobile Banking: Online banking through your desktop or our Glass City Mobile app can accommodate all of your banking needs 24 hours a day/7 days a week. With these free options, you can review account transactions, statements, transfer funds, make bill payments, and more. You can also deposit checks with Mobile Banking. As always, you can visit glasscityfcu.com to apply online for any loan option or a Visa credit card.
    • For Home Banking registration instructions, please click here.
    • For Mobile Banking registration instructions, please click here.
    • For download instructions for our new Glass City Card Controls mobile app to manage your Glass City debit and credit cards, please click here.
  • Drive-Up and ATM Services: Glass City branches are fully operational through our drive-up lanes during the hours listed above. Of course, if you need cash any time of day or night, our branch ATMs and ATMs within the Alliance One network are available for you.

 

 

Financial Assistance:

We encourage any member who has been impacted financially during this unprecedented time to review our COVID-19 Loan Relief options. Learn more here.

 

Scam Alerts:

We also advise that you be aware of current phone, text and email scams related to COVID-19 to protect yourself against potential fraud: never give your personal information (social security numbers, account numbers, home or mobile banking usernames and passwords, etc.) to anyone who contacts you by phone, text or email. For details regarding current COVID-19-related scams, please click here.

 

We encourage any member who has been impacted financially during this unprecedented time to call us as listed above to discuss how we may be of assistance. 

 

We will continue to follow recommendations from federal, state and local health officials. Please continue to visit glasscityfcu.com for updates.

 

Thank you for being our member. We appreciate your cooperation and continued trust in us.

 

Sincerely,
Mark Slates
President & CEO
Glass City Federal Credit Union

 

 

3/13/20 Update

 

At Glass City Federal Credit Union, the health, safety and well-being of our membership and staff is a top priority. As the coronavirus disease 2019 (COVID-19) outbreak continues to evolve, Glass City Management is monitoring the situation closely and plans to keep our membership and employees abreast of necessary updates.
We have established a COVID-19 committee that will continue to track this rapidly developing situation. We will also continue to follow guidance from federal, state and local agencies, including the CDC and other health organizations.
The following are steps that we are taking to make banking and accessing your accounts as safe and easy as possible:
  • To reduce the spread of virus at our locations:
    • We are making extra efforts to clean and sanitize commonly used areas in our branches including entryways and exits, our transaction counters, office chairs, and more. We also are continuing to provide hand sanitizer for member and employee use.
    • We have instituted a “no hand shaking” policy for our employees. In some instances, you may see employees wearing gloves and face masks.
    • We are reminding employees and members who are sick to stay at home.
  • To lessen the need for members to visit our branch locations during this outbreak, please note that you can access Home or Mobile Banking 24 hours a day/7 days a week. With both of these free options, you can review account transactions, statements, transfer funds, make bill payments, and more. You can also deposit checks with Mobile Banking.
  • For Home Banking registration instructions, please click here.
  • For Mobile Banking registration instructions, please click here.
  • For download instructions for our new Glass City Card Controls mobile app to manage your Glass City debit and credit cards, please click here.
  • We are also taking extra precautions to safeguard our members’ accounts during this time. Please be aware that scammers are taking advantage of fears surrounding the coronavirus. Don’t click on links from sources you don’t know and be aware of current fraudulent scams via text, email and phone messages regarding the coronavirus. For information about these scams, please visit the Federal Trade Commission’s website.
As always, please feel free to call your nearest Glass City branch location with any questions or for assistance.
Thank you for being our member. We’re working for you!
Sincerely,
Retail Operations
Glass City Federal Credit Union
(419) 887-1000

 

Beau Barrow  /  Glass City Federal Financial Solutions  /  1340 Arrowhead Dr, Maumee, OH 43537
419-887-1029
Beau Barrow
beau.barrow@securitiesamerica.com

Monthly News and Information for Current and Future Retirees
Presented by Bernard Barrow – FEBRUARY 2020

QUOTE OF THE MONTH
 

“Rest is the sweet sauce of labor.”

PLUTARCH

WHAT MATTERS MORE IN RETIREMENT: INCOME, OR SAVINGS?

Retirement saving is not just about accumulating assets. It is also about laying the groundwork for retirement spending. Any retirement strategy has a core goal: the goal of helping an individual or couple pursue their retirement dreams once their careers have concluded. So, from that perspective, the amount that needs to be saved directly relates to the amount a retiree household may need to spend. To live your best retirement, your degree of retirement savings needs to be great enough to try and correspond to that vision.

Often, articles state that pre-retirees will need to live on 70% to 80% of their final working incomes. This is a general guideline, yet it may or may not prove true for a particular household. Some people retire and find they are spending less than they once did. Others spend as much as they did while working, maybe even a bit more, due to traveling, hobbies, and social engagements. What does this imply for retirement saving? While you arguably cannot save too much for the future, you can save too little.
1
 

Travel Tip

Clear cookies, and you might score a cheaper flight

Airlines use dynamic pricing to adjust airfares relative to demand, and they can actually do this per consumer. Most airline websites screen your search history, including the browser cookies you may have picked up while visiting other airline or travel websites. Based on these cookies, they may present you with more expensive flights than they would otherwise. Deleting cookies from your browser just before a fare search may help you avoid this dynamic pricing.  

Source: MSN
2

ARE BABY BOOMERS FLOCKING TO BIG CITIES?

A quick look at some federal government statistics provides a quick answer: no. Perhaps it seems like big cities are filled with baby boomers because of the simple fact that this demographic group is larger than others. Research does not back up this assumption, however. As a recent New York Times analysis of Census Bureau data noted, 17.2% of Americans aged 54-72 lived in urban areas in 2018; back in 1990, 21.6% did. This percentage declined gradually, but steadily, over these 28 years, and looking more closely at the decline, the 54- to 72-year-olds of 2018 were 11% less likely to live in urban neighborhoods than the 54- to 72-year-olds of 2000.

As other Census Bureau data from 1990-2018 reveals, the Americans most likely to live in urban settings have been those aged 25 to 29. The least likely? Those aged 70 to 74. The odds of urban living start to increase again after age 80. Even so, just two years ago, only 19.8% of Americans aged 85 or older lived in urban settings.
3

 

DID YOU KNOW?
 

The Romans may have built the earliest retirement villages

In the first century B.C., Julius Caesar, Sulla, and other Roman generals founded special colonae (colonies) to serve as retirement communities for Roman army veterans. Pompeii actually began as one of these communities.
4

ON THE
BRIGHT SIDE

A fair number of employers are offering phased retirements. According to the Transamerica Center for Retirement Studies, 30% of U.S. companies permit their workers to move from full-time hours to part-time hours as part of a retirement transition, and 21% allow employees to move into less-stressful roles prior to retiring.
5

BRAIN TEASER
 

What goes up and down each day, yet does not physically move?

STUMPED? CALL 419-887-1029 FOR THE ANSWER!

Bernard Barrow may be reached at 419-887-1029 or beau.barrow@securitiesamerica.com 
www.glasscityfcu.com

 

Securities offered through Securities America, Inc. Member FINRA/SIPC. Advisory services offered through Securities America Advisors, Inc. Glass City Federal Credit Union, Glass City Federal Financial Solutions, and Securities America are separate entities.
Not NCUA Insured – No Credit Union Guarantees – May Lose Value
Trading instructions sent via e-mail may not be honored. Please contact my office at [insert phone number] or Securities America, Inc. at [insert phone number] for all buy/sell orders. Please be advised that communications regarding trades in your account are for informational purposes only. You should continue to rely on confirmations and statements received from the custodian(s) of your assets. The text of this communication is confidential, and use by any person who is not the intended recipient is prohibited. Any person who receives this communication in error is requested to immediately destroy the text of this communication without copying or further dissemination. Your cooperation is appreciated.

This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty.

 

CITATIONS.
1 – forbes.com/sites/kristinmckenna/2019/07/10/debunked-6-myths-about-retirement [7/10/19]

2 – msn.com/en-us/travel/tips/travel-tip-clear-your-browser-before-booking-a-flight-to-get-a-better-deal/ar-AAISUPG [10/17/19]

3 – nytimes.com/2020/01/24/upshot/myth-urban-boomer.html [1/24/20]
4 – livius.org/articles/concept/colonia/ [6/8/19]

5 – cnbc.com/2019/10/04/earning-income-after-65-how-to-make-it-work-for-you.html [10/4/19]

 

Securities offered through Securities America, Inc. Member FINRA/SIPC. Advisory services offered through Securities America Advisors, Inc. Glass City Federal Credit Union, Glass City Federal Financial Solutions, and Securities America are separate entities.
Not NCUA Insured – No Credit Union Guarantees – May Lose Value
Trading instructions sent via e-mail may not be honored. Please contact my office at [insert phone number] or Securities America, Inc. at [insert phone number] for all buy/sell orders. Please be advised that communications regarding trades in your account are for informational purposes only. You should continue to rely on confirmations and statements received from the custodian(s) of your assets. The text of this communication is confidential, and use by any person who is not the intended recipient is prohibited. Any person who receives this communication in error is requested to immediately destroy the text of this communication without copying or further dissemination. Your cooperation is appreciated.

 

 

Beau Barrow  /  Glass City Federal Financial Solutions  /  1340 Arrowhead Dr, Maumee, OH 43537
419-887-1029
Beau Barrow
beau.barrow@securitiesamerica.com

Monthly News and Information for Current and Future Retirees
Presented by Bernard Barrow – January 2020

QUOTE OF THE MONTH
 

“Generosity is giving more than you can, and pride is taking less than you need.”

Kahlil Gibran

HOW THE SECURE ACT IMPACTS RETIREMENT ACCOUNTS

A new federal law, the Setting Up Every Community for Retirement Enhancement (SECURE) Act, directly affects retirees and retirement savers. It changes the rules regarding “stretching” an Individual Retirement Account (IRA) as well as longstanding retirement account rules keyed to age 70½.

Under the SECURE ACT, in most circumstances, once you reach age 72, you must begin taking required minimum distributions (RMDs) from traditional Individual Retirement Accounts (IRAs) and most other employer-sponsored retirement plans. (This new RMD rule applies only to those who will turn 70½ in 2020 or later.) The SECURE ACT also lets seniors contribute to traditional retirement accounts after age 70½, as long as they have earned income; previously, this was forbidden. Both these changes have big implications for savers; large account balances can potentially grow and compound a little more before being drawn down, and amounts contributed after age 70½ could have a chance to compound as well. Turning to the workplace, the SECURE ACT allows employer-sponsored retirement plans the option to include insurance products, offering the potential for lifelong income. It also opens a door for small businesses to join multi-employer group retirement plans (MEPs). 

The new law does curtail the Stretch IRA estate strategy. Anyone who inherits an IRA of any kind in 2020 or later must withdraw the whole IRA balance within 10 years of the IRA owner’s death and pay linked taxes, unless that heir is a minor child or a surviving spouse. (Existing inherited IRAs are exempt from the new rules.) The SECURE Act is certainly worth a conversation.
1,2

Withdrawals from Traditional IRAs are taxed as ordinary income and, if taken before age 59½, may be subject to a 10% federal income tax penalty.

Under the SECURE Act, your required minimum distribution (RMD) must be distributed by the end of the 10th calendar year following the year of the Individual Retirement Account (IRA) owner’s death. Penalties may occur for missed RMDs. Any RMDs due for the original owner must be taken by their deadlines to avoid penalties. A surviving spouse of the IRA owner, disabled or chronically ill individuals, individuals who are not more than 10 years younger than the IRA owner, and child of the IRA owner who has not reached the age of majority may have other minimum distribution requirements
.

Golf TIP

You may need more club in the cold

If you’re playing a round in temperatures below 60˚ F, keep in mind that the ball will not travel as far. Research from Trackman, the maker of indoor golf simulators, concludes that you lose a yard of carry for each 10˚ F change in temperature. So, an iron shot that would travel 170 yards on an 85˚ F day will travel four yards less on a 45˚ F day.

Source: Golf Digest
3

PLANNING A GREAT ROAD TRIP

Sometimes, a cold snap keeps us indoors and leads us to dream of spring and summer travels. Alternately, winter wonders may inspire us to drive. How do you arrange a road trip (a long weekend or a week) that recharges you instead of rushing you?

First, resist the temptation to do too much (and drive too much). If a 3-day weekend is what you have in mind, think about driving a maximum of 4-5 hours per day (more than that, and you risk spending more time at the wheel than you do enjoying the outdoors). Study maps, especially online maps, as they may reveal some places to explore or see that you did not yet know about. Think about spending both your nights in the same lodging and planning an activity on the morning of the third day instead of just getting up early to drive back home. Do you have a week or a bit longer? Think about a place you’ve always wanted to visit and try to structure the road trip so that you can get there in fewer than two days and return in fewer than two days. You can make the journey one to rival the destination by planning the route in such a way that you can sample some of the natural and cultural “gems” between here and there.
4

 

DID YOU KNOW?
 

Teddy bears honor a President

During a wilderness trip, President Teddy Roosevelt refused to shoot a black bear that some hunters had captured. After hearing about this, a toy manufacturer of that era decided to create a stuffed animal that kids could hug and play with, named after Roosevelt.
5

ON THE
BRIGHT SIDE

The past decade was a good one for one key stock market benchmark. Including dividends, the S&P 500 returned approximately 257% between the start of 2010 and the end of 2019.
6

The S&P 500 Composite index is an unmanaged index that is generally considered representative of the U.S. stock market. Index performance is not indicative of the past performance of a particular investment. Past performance does not guarantee future results. Individuals cannot invest directly in an index. Keep in mind that the return and principal value of stock prices will fluctuate as market conditions change. And shares, when sold, may be worth more or less than their original cost.

BRAIN TEASER
 

What’s the difference between here and there? 

STUMPED? CALL 419-887-1029 FOR THE ANSWER!

Bernard Barrow may be reached at 419-887-1029 or beau.barrow@securitiesamerica.com 
www.glasscityfcu.com

 

Securities offered through Securities America, Inc. Member FINRA/SIPC. Advisory services offered through Securities America Advisors, Inc. Glass City Federal Credit Union, Glass City Federal Financial Solutions, and Securities America are separate entities.
Not NCUA Insured – No Credit Union Guarantees – May Lose Value
Trading instructions sent via e-mail may not be honored. Please contact my office at [insert phone number] or Securities America, Inc. at [insert phone number] for all buy/sell orders. Please be advised that communications regarding trades in your account are for informational purposes only. You should continue to rely on confirmations and statements received from the custodian(s) of your assets. The text of this communication is confidential, and use by any person who is not the intended recipient is prohibited. Any person who receives this communication in error is requested to immediately destroy the text of this communication without copying or further dissemination. Your cooperation is appreciated.

This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty.

 

CITATIONS.
1 – inquirer.com/news/secure-act-retirement-2020-annuities-rmd-529-plan-taxes-20191223.html [12/23/19]

2 – investmentnews.com/the-stretch-ira-is-dead-175775 [12/27/19]

3 – golfdigest.com/story/your-cold-weather-golf-survival-guide [11/21/18]

4 – outsideonline.com/2358816/how-plan-road-trip [10/30/18]

5 – parade.com/966564/parade/fun-facts/ [12/16/19]

6 –
abcnews.go.com/Business/stocks-post-biggest-year-gain-2013/story?id=68008745 [12/31/19]

 

Securities offered through Securities America, Inc. Member FINRA/SIPC. Advisory services offered through Securities America Advisors, Inc. Glass City Federal Credit Union, Glass City Federal Financial Solutions, and Securities America are separate entities.
Not NCUA Insured – No Credit Union Guarantees – May Lose Value
Trading instructions sent via e-mail may not be honored. Please contact my office at [insert phone number] or Securities America, Inc. at [insert phone number] for all buy/sell orders. Please be advised that communications regarding trades in your account are for informational purposes only. You should continue to rely on confirmations and statements received from the custodian(s) of your assets. The text of this communication is confidential, and use by any person who is not the intended recipient is prohibited. Any person who receives this communication in error is requested to immediately destroy the text of this communication without copying or further dissemination. Your cooperation is appreciated.

 

Click here to view our Winter 2020 Glass Cutter Newsletter.

Important Notice regarding Electronic Deposits of Tax Returns:

Per the Internal Revenue Service, your tax return refund can only  be deposited into accounts that are in your own name, your spouse’s name or both, if it’s a joint account.

Therefore, if an electronic deposit is made to your Glass City checking or savings account and the taxpayer name and social security number do not match the name and tax identification number on your account, your refund may be returned to the Internal Revenue Service.

Love My Credit Union Rewards

There are more reasons than ever to love being a member of Glass City Federal Credit Union.

Your credit union membership is about the trust and care of community, built around where you live, work and play. That’s why Glass City Federal Credit Union membership saves you money through exclusive member-only offers through our trusted partners. Through Love My Credit Union Rewards, credit union members have saved over $2 billion with offers like:

»   $100 cash reward with each new line you activate with Sprint. Plus, existing customers earn $100 Annual Loyalty Cash Rewards, and 25% off select accessories in Sprint stores.

»   Credit union membership also saves you up to $15 on TurboTax federal products.

»   Credit union members save on SimpliSafe, the #1 expert pick for home security.

»   Onboarding new partners in 2019.

Learn all about how your Glass City Federal Credit Union membership gets you all these exclusive savings, and more at Glass City Federal Credit Union or LoveMyCreditUnion.org. Check them out and start enjoying credit union member benefits you never knew you had.

FRAUDULENT MORTGAGE LOAN POSTCARD:

A fraudulent postcard referencing mortgage loans has been mailed in the Toledo area and in many areas of the country targeting clients of various financial institutions. The postcard message is as follows:

This notice is regarding your mortgage with FINANCIAL INSTITUTION. We need you to call us about an important matter regarding this loan. This is time sensitive so please call us at xxx-xxx-xxxx as soon as possible.

 

Please note that if you receive a mailing such as this: it is fraudulent.

 

As always, only disclose your personal or account information to agencies/businesses who require it for action you have initiated.

 

At Glass City, helping you to protect your account and personal identity information is extremely important. Click here for tips to safeguard your personal information and to protect you from fraud and identity theft.