Off to College With Help from Chocolate Bayou

Each year Chocolate Bayou Credit Union presents five $1,000 scholarships to members in good standing (or their children) who are graduating seniors or attending an accredited college. This year the five represent a cross section of our student membership.

The 2015 recipients include Madeline Sambrano and Sergio Moreno from Alvin High School. Madeline will be attending Texas A&M while Sergio is headed to Texas Tech University.

Sakari Anderson, a Manvel High School graduate, will be attending Lamar University while Kelsey Henry from Angleton High School has chosen Texas State University.

The fifth recipient is Crystal Correa who currently attends Alvin Community College. Crystal will be finishing her college career at the University of Houston at Clear Lake.

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Summer Sale – $100 or No Payment for 90 Days

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Whether you’re buying your first home or your third car, you’ll find the loan you need at Chocolate Bayou. We’ve even added extra incentives to make your deal even sweeter.

Enjoy features like:

~ Money-saving low rates

~ Auto Loans with terms up to 72 months

~ Low-cost Mortgage & Home Equity Loans

~ And an easy application process with folks you know!

*Loan must be a minimum of $15,000. Rates subject to credit score, credit history, length of term and member checking account status. Interest continues to accrue during the 90-day no payment option. Interest accrual during the 90-day no payment option may not exceed the monthly scheduled payment amount. This loan promotion is for a limited time only and cannot be used in conjunction with any other Chocolate Bayou loan promotion.

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Don’t Buy A Flooded Vehicle!

The recent flooding has left over 2,000 flooded vehicles in the city of Houston alone and even more in the surrounding areas. Our business partner, Auto Exam, has advised us that flooded cars are already on the market and the next several months will be worse.

Be wise when it comes to buying a used vehicle in the next few months. Consider a pre-purchase inspection from a reputable company. Don’t finance a flooded car!

Go to autoexam.com

auto exam

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Attention Home Banking Users!

The protection of your financial information and the security of your online transactions are very important to us.

We use a security feature called Multi Factor Authentication which helps protect you from fraudulent online activities like phishing, ID theft, and spoofed web sites.

All of our Online Home Banking members will be changing their Multi Factor Authentication passphrase and security questions as part of a general security update. Follow the instructions on each screen to complete this one-time enrollment.

THANKS in advance for your cooperation!

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Live Sweeter

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Loan must be a minimum of $15,000. Rates subject to credit score, credit history, length of term and member checking account status. Interest continues to accrue during the 90-day no payment option. Interest accrual during the 90-day no payment option may not exceed the monthly scheduled payment amount. This loan promotion is for a limited time only and cannot be used in conjunction with any other Chocolate Bayou loan promotion.

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School District Names Administration Building In Honor of Chocolate Bayou Board Chairman

Tommy KingThe Alvin ISD Administration Building has a new name – the Tommy King Administration Building. The new name became official during a reception and dedication ceremony on May 5.

Tommy is the current Chairman of the Chocolate Bayou Credit Union Board of Directors.

He spent 37 years in public education, serving 25 years with Alvin ISD. Tommy was originally hired as the Assistant Superintendent of Business and Support Services. He served alongside five superintendents twice as Interim Superintendent.

Previous to accepting the Chairmanship role at Chocolate Bayou, he spent 21 years as Treasure of the credit union’s board of directors.

“Tommy’s dedication to this credit union and to our community has been unparalleled,” noted Gary Davis, Chocolate Bayou’s President/CEO.

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Manvel High Treated to Reality Fair

Manvel Reality Fair May 2015 017

Chocolate Bayou Credit Union continued its innovative financial literacy event for high school students this month as seniors at Manvel High School were treated to Reality Fair. This is the popular event that teaches students firsthand what their parents might go through every month with the family budget.

“When you listen to the comments of students who complete one of these Fairs, you know something has been imparted,” says Gary Davis, President/CEO at Chocolate Bayou Credit Union.

Students meet with high school teachers beforehand and are given a net monthly pay and a budget worksheet to instruct them on expected expenses. The students make decisions on typical monthly expenses like living arrangements, food, transportation, utilities, clothing, luxury items, etc.

At the end of the session they will sit with a financial counselor and review their financial profile.

“We have seen students exclaim ‘I’m going to go home and give my mom a hug’ or return to the automobile booth to return the brand new Chevy truck for a mid-sized car,” says Davis. “This is an exercise in balancing the family budget and it’s good to learn early in life that sometimes you just can’t pay for the truck and an apartment as well.”

Reality Fair, an initiative of the Cornerstone Credit Union League, is less than two hours long yet provides students with a snapshot into the real world of financial reality. Participating Alvin and Manvel High Schools students will walk away with a better understanding of what it takes financially when they leave high school or college.

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Bitter about bank loans?

Whether you’re buying your first home or your third car, you’ll find the loan you need at Chocolate Bayou. We’ve even added extra incentives to make your deal even sweeter.

Choose between no payments for 90 days or a $100 dollar MasterCard gift card.

Enjoy features like:

  • Money-saving low rates
  • Auto Loans with terms up to 72 months
  • Low-cost Mortgage & Home Equity Loans
  • And an easy application process with folks you know!

* Loan must be a minimum of $15,000. Rates subject to credit score, credit history, length of term and member checking account status. Interest continues to accrue during the 90-day no payment option. Interest accrual during the 90-day no payment option may not exceed the monthly scheduled payment amount. This loan promotion is for a limited time only and cannot be used in conjunction with any other Chocolate Bayou loan promotion.

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We’re Big Believers in Small Business

Small Business Lending
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Financial Consulting

Paul GroverDo you need assistance planning your retirement, your estate, your children’s education, with life insurance or investing in 401(k)s, IRAs and SEPs? Investment services are available at Chocolate Bayou through SWBC Investment Services, a registered broker/dealer and member SIPC. Call Paul Grover at 281.851.6508 to set up an appointment today, or, e-mail: pgrover@swbc.com. Paul’s fax is 877.316.6851.

Read Paul Grover’s article asking: Is it time for life insurance?

Supervisory Office:
Beth Conley
SWBC Investment Services, LLC
9311 San Pedro, Suite 600 I San Antonio, TX 78216
210. 321.7131 Office I 210.581.1672 Fax I bconley@swbc.com Email

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