IT’S EXTRAORDINARY
DIVIDEND TIME!
What better way to start the new year than with extra money?
Newsletter for Members • December 31, 2022
ECU’s board of directors approved a $15 million Extraordinary Dividend
News Briefs to be paid to members this January. The first Extraordinary Dividend
was paid in 1998, and this year’s reward will bring the total given back to
members to $177 million.
Holiday Closing “We are excited to return this money to our members. This
Eastman Credit Union will be closed announcement is a direct result of our members’ loyalty, our employees’
Monday, January 16th in observance of hard work, and our board’s leadership,” said Kelly Price, ECU’s president
Martin Luther King, Jr. Day. and CEO.
The Extraordinary Dividend signifies the shared success afforded by
ECU Annual Meeting the credit union’s cooperative structure. Member payouts are calculated
The ECU Annual Meeting will be held in based on the interest paid on loans and earned on deposits throughout
March 2023. Additional information will be the year.
provided closer to the date.
“Announcing the Extraordinary Dividend is always exciting. It
TurboTax® exemplifies the credit union difference and shows that we put our
members first. Beyond that, our communities and local economies
It’s almost that time again! TurboTax is the benefit from the extra boost. It’s a win-win,” said Price.
quickest way to file your taxes and receive
ECU’s board of directors approves the payout each year after reviewing
a fast, electronic return. Prepare your return
the financials and verifying ECU has achieved a level of net worth
for free and pay only when you print or
needed for current and future requirements.
e-file your tax return. ECU members using
TurboTax even get a discount! Simply login
Kelly Price,
to ECU Online® and click on ‘TurboTax’ to
ECU President and CEO
learn more and get started.
Facebook: ECUBesideYou
Instagram: @eastmancreditunion
Important Information
Regarding Your
2022 Tax Documents
If you are enrolled in ECU Online Statements, you will receive
your 2022 tax documents via ECU Online®. They will be found
with your other online statements under the ‘Tax Statements’
tab. They will not be delivered via the United States Postal
Service (USPS).
If you are not enrolled in ECU Online Statements, you will
continue to receive your tax documents via the mail, as you
have previously.
To learn more about ECU Online
Statements and enroll today,
visit ecu.org/onlinestatements.
Save More with ECU Visa®
2.49% APR on Balance Transfers
and Cash Advances
made to your ECU Visa credit card January 1, 2023
through February 28, 2023. All balances will convert
to 9.90% APR – 18.00% APR after August 31, 2023.
Visit
ecu.org/balancetransfer
to get started!
Important Information: Rates and terms are subject
to change without notice. APR is Annual Percentage
Rate. Interest will accrue on all balances unless paid
in full at the end of each billing cycle. Cash advance
and balance transfer balances are always subject to
a finance charge from the date they are posted to
your account. Business accounts and other ECU loan
balances are not eligible for the promotional rate. For
details on Visa Cardholder Agreement, please visit
www.ecu.org.
Have You Considered an ECU Home Equity Loan?
Did you know that you can make your current home your perfect home with an ECU home equity loan? Need another
room? Want to remodel the kitchen or just need repairs? Whatever your situation, we’ve got a loan for that! Whether you
have a lot of equity in your home or just a little, Eastman Credit Union has a home equity loan option that is right for you.
Visit ecu.org/homeequity to learn more or apply today!
Drive Now. Pay Later.
Whether you’re looking for a truck, SUV, or sedan, an ECU Auto Loan can help you get the car of your dreams!
Plus, with great rates and no payments for 90 days, you can drive now and pay later!
Visit ecu.org/auto to apply today.
Loan and payment deferral subject to approval.
Skip A Payment Program
Holiday bills have you stressed? ECU encourages members to make responsible financial decisions, but we also
understand that at certain times in life, making your monthly loan payment might be difficult.
ECU’s Skip A Payment program provides a solution for these situations. You can simply skip your ECU loan payment
and use those funds for other needs.
A skipped payment is considered to be one monthly payment, two consecutive bi-weekly payments, or four consecutive
weekly payments. Interest will continue to accrue during the skipped period, extending the term of the loan, and a $25
fee will be charged for each loan skipped.
To learn more about which loans are eligible for the Skip A Payment program and how
to participate, visit ecu.org/skipapayment.
Eligibility Requirements: ECU loans must be current and in good standing, and the loan to be skipped must have been
current for the past six months. You may skip a payment one time per loan, per year.
Happy New Year! 2023 has arrived, and there is no better time to
review your financial portfolio. Whether you need to evaluate the
performance of your current investments or put a financial plan in
place for the future, ECU Asset Management can help you pursue
your financial goals.
Please call today for a free consultation with an
ECU Asset Management Representative.
Matt Crowder, CFP® Mark Dennis Angela Davis
Investment Consultant Investment Consultant Investment Consultant
Serving Kingsport Serving Abingdon and by appointment at Serving Kingsport and by appointment at
423.578.7371 Bristol and Blountville Branches Allandale, Mt. Carmel, Rogersville, Greeneville,
423.578.7432 Duffield, and Gate City Branches
423.578.7369
Joanne Bear Brackton Smith, CFP® Sarah Stapleton
Senior Investment Consultant Investment Consultant Relationship Specialist
Serving Kingsport Serving Johnson City and by appointment 423.578.7437
423.578.7699 at Jonesborough and Gray Branches
423.232.2073
Eastman Credit Union (“Financial Institution”) provides referrals to financial professionals of LPL Financial LLC (“LPL)” pursuant to an agreement that
allows LPL to pay the Financial Institution for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in
a conflict of interest. The Financial Institution is not a current client of LPL for advisory services.
Please visit https://www.lpl.com/disclosures/is-lpl-relationship-disclosure.html for more detailed information.
Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker/dealer
(member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Eastman Credit Union and Eastman Credit Union Asset
Management (ECUAM) are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services
using ECUAM, and may also be employees of Eastman Credit Union. These products and services are being offered through LPL or its affiliates,
which are separate entities from and not affiliates of Eastman Credit Union or ECUAM.
Securities and insurance offered through LPL or its affiliates are:
Not Insured by NCUA or Any Not Credit Union
Not Credit Union Guaranteed May Lose Value
Other Government Agency Deposits or Obligations
For more details about ECU’s products and services,
visit www.ecu.org, or call 423.229.8200 or 800.999.2328.
The Eastman Credit Union logo, ECU Online, ECU, Equity Express, It’s Your Money and
Lifeline are registered service marks of Eastman Credit Union. Information in this newsletter
is accurate as of date of printing and is subject to change at any time without notice.
