COMMUNICATOR - A LOOK INSIDE INTRODUCING MYPALM - Cedar Point Federal Credit Union
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WINTER 2021
A LOOK INSIDE
INTRODUCING MYPALM
COMING SOON: ZELLE®
WHEN IN WALDORF
COMMUNICATOR
INTRODUCING MYPALM
At Cedar Point, we are always looking for
ways to modernize the member experience.
In December, we introduced an innovative
new technology called MyPalm. This new
security tool is a biometric palm scanner
that allows members to quickly and
securely access account information and
make transactions at the teller line and
in MSR offices. Cedar Point is the first
financial institution in Maryland to offer this
technology to members.
With MyPalm, a member simply hovers a
palm over an infrared sensing device that
detects each person’s unique palm vein
pattern and matches it to an encrypted
digital signature. Palm vein authentication
is a highly reliable method of identification
because palm vein patterns are unique for
each person and remain stable throughout
a person’s life. Palm vein patterns have more
transaction process. Enrollment is ongoing, good standing, who are 18 years of age
than five million reference points, making
so stop by a branch at your convenience to or older, are eligible for enrollment. Cedar
forgery virtually impossible. Also, scanning
enroll for this exciting, modern technology. Point recognizes that not everyone will
the palm takes only a few seconds and canThe enrollment process only takes a few be interested in taking advantage of this
drastically cut down on transaction times.
minutes and requires you to bring two new technology, so while registration is
Many members have already enrolled things: a government-issued photo ID encouraged, it is optional.
and are experiencing a high-tech, speedy and the palm of your hand. Members in
COMING SOON: ZELLE®
9 Easy – Send money to almost anyone
Starting on January 21, members who use you know and trust using only their
digital banking will have access to Zelle, email address or U.S. mobile phone
the popular service that allows you to number. ²
send money to friends and family. Zelle
will replace Popmoney, and will offer more With these great features, you have a
features, faster transfers, and increased lot to look forward to. When you send
security. If you have previously used money with Zelle, you always know
Popmoney, you should have received a where your money is because it moves
letter detailing the transfer to Zelle and directly from your account to theirs,
instructions for those who have scheduled With Zelle, it’s easy to send – and typically in minutes. ¹
future Popmoney payments. receive – money. All it takes is a few taps
on your mobile phone, right inside your ¹ Transactions typically occur in minutes when the
To learn more about the recipient’s email address or U.S. mobile number is
Cedar Point mobile app.
features and benefits of already enrolled with Zelle.
Zelle, please visit the website 9 Fast – Money is sent from your ² Must have a bank account in the U.S. to use Zelle.
below. If you have any questions, please account into theirs typically in Zelle and the Zelle related marks are wholly owned
feel free to contact Member Service at minutes. ¹ by Early Warning Services, LLC and are used herein
under license.
(800) 201-1647, and they will be happy to 9 Safe – With the security you already
provide you with any additional details you know and trust from Cedar Point.
may need! www.cpfcu.com/Zelle
WHEN IN WALDORF
Cedar Point is pleased to announce that This flagship branch will feature state-of- This new branch will replace the traditional
construction is underway for a long- the-art technologies while still maintaining teller window with individualized kiosks,
anticipated branch in Waldorf, Maryland. the personalized service our members have eliminating the need for a queue line.
This will be the first Cedar Point branch come to associate with Cedar Point. Our Touchscreen tablets and MyPalm biometric
in Charles County, so we look forward to tech-savvy members will enjoy the tech scanners will be utilized at each station to
expanding our footprint and servicing new table near the entrance, which contains a make transaction times shorter and more
members in this area. We broke ground large touch screen inset. Multiple members convenient for our members. In addition,
in December and have a projected grand can use the interactive display at one time to the drive-thru will incorporate video
opening in Summer of 2021. The branch search our site, learn how to use our digital screens so that members can speak face-to-
will be located at the corner of Weymouth features, and even play games. Additionally, face with a Member Service Representative
Court and Western Parkway, just the layout of the branch will allow for from the comfort of their own vehicle.
moments from the mall and other bustling increased flexibility so that representatives
shopping centers, adding convenience can attend to the needs of any member,
and accessibility for our Charles County
members.
whether in the lobby or in the drive-thru.
Find us here!
ATM UPDATES Thank you to our employees for 5+ years of exceptional service!
CALLAWAY: Our ATM in Callaway is an all-
JANUARY FEBRUARY MARCH
new model from Hyosung which accepts
40 Linda Knott 31 Wendy Carroll 23 Brenda Hammett
cash and check deposits. This new ATM will
30 Laurel Ward 22 Kathleen Holtzclaw 18 Shatoni Nesbitt
offer a faster, more user-friendly experience.
23 Sherry Pickeral 20 Crystal Mills 17 Brenda Raley
22 Cori Kohlhepp 15 Brittany Saylor 6 Kim Hewitt
SOLOMONS: The ATM enclosure in
20 Mary Brumback 14 Nita Catlett 6 Quincy Williams
Solomons has been undergoing renovations
14 Aurora Hidalgo 5 Donora Gray
over the past few weeks. The completed
14 Tracy Maxwell 5 James Smith
structure will also incorporate the new
Hyosung model. We expect renovations to
be completed by late January. UPCOMING HOLIDAYS
Martin Luther King Jr. Day
MECHANICSVILLE: The ATM structure
Monday • January 18 CLOSED
located outside the ADF Bingo Hall will
be removed in the coming months. Our Each winter, Cedar Point collects for Toys for Presidents' Day
Charlotte Hall branch ATM is just a stone's Tots, the program run by the United States Monday • February 15 CLOSED
throw from there, along with several Marine Corps Reserve which distributes toys Memorial Day
surcharge-free Allpoint ATMs located inside to children whose parents cannot afford to Monday • May 31 CLOSED
Wawa, Walgreens and Dash-In. buy them Christmas gifts. Once again, our For these hours and more, visit
generous members showed their holiday www.cpfcu.com/Locations-Hours.
NATIONWIDE: Just a reminder that we spirit by quickly filling the donation boxes
have partnered with the Allpoint Network to the brim. We are pleased to support Save your end of year statement, you
to bring you 33,000+ ATMs nationwide, such an important charity, especially in many need it for tax purposes. You may
including over 50 in Southern Maryland. Just unprecedented times such as this, when have to report dividends received less
look for the green Allpoint logo on the ATM. many families are struggling to support than $10. The credit union is not required
themselves. We send our thanks to all our to issue a form 1099-INT if
members and employees who donated to dividends are less than $10, but
®
cpfcu.com/ATM this cause. You helped many children end you may have to report them.
Please see your tax advisor for
2020 with happiness and holiday spirit.
additional information.
FREE FINANCIAL SEMINARS
PRESENTED BY CEDAR POINT FINANCIAL SERVICES, INC.
A wholly owned subsidiary of Cedar Point Federal Credit Union
ESTATE RETIREMENT ESTATE ESTATE FEDERAL
PLANNING PLANNING PLANNING PLANNING EMPLOYEE
BENEFITS
Wednesday, Wednesday, Wednesday, Wednesday, Wednesday,
Jan. 13, 2021 Feb. 24, 2021 Mar. 24, 2021 Apr. 21, 2021 May 12, 2021
at 6PM at 6PM at 6PM at 6PM at 6PM
Presented by Joann Presented by Presented by Joann Presented by Joann Presented by Colleen
Wood of The Law Colleen S. Blundell, Wood of The Law Wood of The Law S. Blundell, Certified
Office of Joann M. VP Investment & Office of Joann M. Office of Joann M. Federal Employee
Wood, LLC. Business Services Wood, LLC. Wood, LLC. Benefits Consultant
RESERVE YOUR SEAT TODAY!
All seminars are free and open to the public. Register online at
www.cpfcu.com/Seminars or by calling 301-863-7071 ext 8463
Colleen Blundell is a Registered Representative of and Securities and investment advisory services offered through Hornor,
Townsend & Kent, LLC (HTK), Registered Investment Adviser, Member FINRA/SIPC, 161 Washington Street, Suite 700,
Conshohocken, PA 19428. 610-771-0800. HTK does not offer tax or legal advice. Cedar Point Federal Credit Union and
Cedar Point Financial Services, Inc. are not affiliated with HTK. The Law Office of Joann M. Wood LLC is unaffiliated with HTK.
Securities and Investment Advisory Services are not a deposit, are not guarantees or obligations of Cedar Point Credit Union,
and are not insured by NCUA/NCUSIF/FDIC or any other bank or government entity.
COLLEGE SCHOLARSHIP OPPORTUNITIES
SCHOLARSHIPS AT CEDAR POINT
Each year Cedar Point Federal Credit Union teams up with Cedar Point Financial Services
to offer scholarships to high school seniors who are looking to further their education. In Congratulations
addition, we work closely with the St. Mary’s County Business, Education, and Community
Alliance (BECA) to promote the use of the St. Mary’s County Common Scholarship to our 2020
Application. This application allows students to choose from and apply to more than 50
local organizations awarding up to 130 individual scholarships. To learn more about the
scholarship
applications and deadlines, visit our website at cpfcu.com/student-planning. recipients!
CREDIT UNION FOUNDATION SCHOLARSHIP
Cedar Point also partners with the Credit Union Foundation of MD|DC to bring you this
$12,000 scholarship program. College-bound members are eligible to apply for one of ten
$1,000 essay-based scholarships, one $1,000 video-based scholarship, and one $1,000
photo-based scholarship. And, yes, you may apply in all three categories! Deadline for
applications is midnight, March 31, 2021. Awards will be announced in May 2021. Learn
more and begin your application by visiting www.cufound.org.
Blake Davis
Chopticon High School Graduate
University of Maryland
NEW IN 2021!
Cedar Point is renewing its commitment to supporting educational excellence through
its financial support of students in our community. We are excited to announce that in
parntership with Cedar Point Financial Services Inc., the credit union will now be offering
four scholarships to students continuing their education after high school. One scholarship
through CPFS will be awarded at $500, and three scholarships will be awarded through
the credit union at $1,000 each.
Over the years, Cedar Point Federal Credit Union and Cedar Point Financial Services
have awarded many scholarships to young adults seeking to further their educations at
institutions of higher learning. We'd like to congratulate our current and past scholarship
Michaela Riedel
winners, and encourage rising students to apply for our scholarships through the St.
Leonardtown High School Graduate
Mary's County Common Scholarship Application found at smcbeca.org.
University of Maryland
CEDAR POINT FEDERAL CREDIT UNION BOARD OF DIRECTORS
www.cpfcu.com • cpfcu@cpfcu.com Gene W. Townsend • Chairman
Robert A. Clements • Vice Chairman
HEADQUARTERS OFFICE LEXINGTON PARK CHARLOTTE HALL Patricia Robrecht • Treasurer
& FINANCIAL SERVICES 21748 Three Notch Road 30330 Three Notch Road B. Michael Legg • Secretary
22745 Maple Road Lexington Park, MD 20653 Charlotte Hall, MD 20622
Dr. Bob Schaller • Supervisory Chair
Lexington Park, MD 20653
LEONARDTOWN ATM LOCATIONS Bruce K. Jackson, Sr.
40885 Merchants Lane #19 www.cpfcu.com/ATM Anne Marum
301-863-7071 Leonardtown, MD 20650 Kelly Robertson-Slagle
Fax: 301-863-0137 TELLER24 William B. Wagoner
PRINCE FREDERICK 301-863-0057 • 800-444-6119 Charles Roach • President/CEO
90 Auto Drive
Prince Frederick, MD 20678 NEWSLETTER EDITORS ASSETS AS OF OCTOBER 2020
Stephanie Taubert • Jeni Coster Loans $262,089,342
Kristin Kauffman • Linda Knott
Assets $648,254,082
Federally PROUD Shares $586,990,408
Insured by MEMBER
NCUA 2021 Members 44,685
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