Fall For Sweet Savings

Fall For Sweet Savings

DATES OF THE PROMOTION: The Fall for Sweet Savings Loan Promo/ Cash Drawing will begin on 12:01a.m. CST on Monday, Nov. 2, 2015 and will end December 31, 2015 at 11:59pm CST.

OPTIONS: Members closing on a $15,000 minimum loan in the offices of Chocolate Bayou Community Federal Credit Union (CBCFCU) may choose between 90 days no payments or $100 cash. These specific members will be entered into a drawing for $500 cash with the winner being announced the first week of January, 2016.

ELIGIBILITY: The Drawing is open to CBCFCU members who obtain a $15,000 minimum loan during the PROMOTION DATES. Employees or Board of Directors of CBCFCU and their immediate family members (parents, children, siblings or spouse, regardless of where they live, or persons living in same household, whether related or not), and its respective parent companies, divisions, affiliates, contractors, subsidiaries, distributors, sales representatives, retailers, advertising and promotion agencies, and any others engaged in the development, production, execution or distribution, of this Drawing, including, but not limited to, the entities supplying the Prizes herein, are not eligible to participate. The Drawing is void where restricted or prohibited by law.

HOW TO ENTER: To qualify for entry to the $500 cash drawing, members must apply for, and receive a loan of at least $15,000 from CBCFCU before January1, 2016. This loan must be closed in the CBCFCU offices.
Entries are made when the member closes the loan with CBCFCU.

PRIZE CONDITIONS: The $500 drawing prize is non-transferable. No substitutions. Winning member must sign and return within seven (7) days of receipt, a publicity release (the “Release”) and an IRS Form W-9 in order to claim the grand prize. If potential Winner fails to return the signed Release and/or IRS Form W-9 within seven (7) days of receiving it, potential Winner forfeits all rights to prize, and another winner will be selected. In the event it is deemed during the verification process that potential Grand Prize Winner does not have a unique, personal and valid Social Security number. To report tax liability associated with acceptance of the prize, potential Grand Prize Winner will be disqualified and another winner selected. Valid Social Security numbers will be determined by IRS requirements. Potential Prize Winner hereby consents to Chocolate Bayou Credit Union’s use of their names, likenesses, biographical information, in advertising without additional compensation. All taxes on the prizes are the sole responsibility of the prize winners.

Grand Prize Drawing CONDITIONS: This Grand Prize Drawing is subject to all applicable federal, state and local laws. By participating, entrants and their participating entities agree to be bound by these Official Rules and the decisions of CBCFCU and waive any right to claim ambiguity in the Grand Prize Drawing or these Official Rules.

ADDITIONAL TERMS: By participating, entrants agree to: a) the Official Rules and decision of the Grand Prize Drawing Administrator and CBCFCU, which shall be final in all respects; and b) release, discharge, and hold harmless CBCFCU, their respective affiliates, officers, directors, and employees from any liability, claims, or damages arising out of their participation in this promotion.

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Prepaid Debit Card Is Being Discontinued

As a result of our prepaid debit card processor exiting the business, Chocolate Bayou Credit Union is discontinuing our Prepaid MasterCard debit card. We encourage you to contact one of our offices to obtain our standard debit card. We appreciate your business and apologize for the inconvenience this may cause. Please contact our Call Center at (281) 331 – 2253 should you have additional questions.

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Beware! Internet Fraudsters Working Our Area!

FraudThe closer we get to the holiday season, fraud becomes very active. And as always here at Chocolate Bayou we are beginning to see an increase in scams involving cashiers checks.

Cashiers checks are not guaranteed funds so please use caution when you receive a cashiers check.

Always beware of a deal that is too-good-to-be-true.

And please consult with our trained personnel when you receive a questionable check – we are here to help.

THANKS for being a member!

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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


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


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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