Community News
Here is what’s happening in our greater community.
Notice of Annual Meeting & Election of Board of Directors
Community Powered Federal Credit Union’s 61st Annual Meeting will be held on Friday, March 1, 2024.
Location: Executive Banquet & Conference Center 205 Executive Dr., Newark, DE
Tickets: Available in late January 2024
Time: Doors Open 5:30 p.m. Dinner served at 6:30 p.m.Meeting begins at 8 p.m.
All members are encouraged to attend.
Three Directors will be elected to the board in accordance with Community Powered Federal Credit Union bylaws. The established nominating committee has nominated the following candidates: Adam Hamby, Gerald Logan, and Kevin Neale.
Members are advised that Community Powered Federal Credit Union bylaws specify the following:
Any member in good standing, not less than 18 years of age, is eligible for election to the board. Written petitions will be accepted by the nominating committee and must include a brief statement of qualifications, biographical information, and be signed by 1% of Community Powered Federal Credit Union members. Petition packets can be located at www.cpwrfcu.org/volunteer-officials. A completed nomination packet must be sent to the nominating committee at Community Powered Federal Credit Union, 1758 Pulaski Highway, Bear DE 19701 and postmarked by January 20, 2024.
Nominations will not be accepted from the floor and should the number of candidates equal the number of open positions, the chair may take a voice vote or declare each nominee elected by general consent.
GERALD LOGAN
Gerald F. Logan retired in 2009 as a Financial Analyst from MBNA/ Bank of America. Gerald worked in the Financial Services Industry for over 37 years, including the New York Stock Exchange. In addition to his many talents, Gerald acquired a certification as a Paralegal and attended Law School for a short period after he retired but made a decision to go in a different direction. He is one of the Founders and Director of the Roadside Guardian Company, Inc., a manufacturer of Automotive Safety Products. Gerald is certified in the Project Management discipline. Also, he has been an active member in his community, serving on numerous community boards for multiple years. He has served as a member of the Board of Directors of the Grand Opera House and the Mental Health Society of Delaware. He has been active with Community Powered Federal Credit Union by serving on several committees including the “Bylaws Review Committee” and the “Employee Satisfaction Committee.”
KEVIN NEALE
Kevin Neale is currently employed with ADP as a Human Resource Outsourcing Solutions Sales Executive where he specializes in helping small to mid-size businesses streamline processes and lower administrative costs. He lives in Wilmington, Delaware with his wife and three children. Kevin previously worked for Enterprise Rent-A-Car in a variety of management positions from 2005 until 2015. Mr. Neale is a graduate of Shippensburg University.
ADAM HAMBY
Adam Hamby is a lifelong entrepreneur with a background in Real Estate as well as Mergers & Acquisitions. Adam earned a Bachelor of Science degree in Business Administration with a concentration in Finance from the University of Delaware.
Adam’s real estate experience began in 1998 with the purchase of his first property and over the years has included being a managing partner of a real estate investment firm focusing on land acquisition and past owner of a real estate investment company which focused on East Coast resort assets. Adam has enjoyed past real estate roles spanning residential sales, commercial leasing and sales as well as commercial property management. He was previously a partner at a small commercial real estate firm which focused on sales, leasing, valuation and consulting services as well as an associate at a boutique investment banking firm specializing in lower middle-market mergers, acquisitions, divestitures and recapitalization services.
Adam currently serves as the President of American Seaboard Exteriors, Inc. Founded in 1977, American Seaboard is headquartered in Wilmington, DE and services the region by specializing in commercial facility maintenance and reparative work both on the exterior facade and select interior projects.
Adam is a 2016 fellow of Leadership Delaware (LDI) which is a nonprofit focused on furthering the development of young leaders, resulting in a positive impact on the Delaware community and beyond.
Adam has served on the Board of Directors at Community Powered Federal Credit Union since 2012 and currently serves as Treasurer. CPWRD FCU has approximately 9,000 members and $135 million in assets. He also serves on the Board of Directors of the Delaware Safety Council, a nonprofit, 501c3 dedicated to promoting the protection of life and health at home, at work, on the highway and in the community.
Adam lives in Delaware along with his wife, Jessyca and their two daughters.
2023 Community Powered Scholarship Winners
Lee Robell graduated from Newark High School where she participated in Jazz Ensemble, Pit Band, Newark Steel, Tech Crew, and Science Olympiad. She was awarded “The Semper Fidelis Award for Musical Excellence”, “Academic Excellence Award in Performing Arts: Percussion Ensemble”, “Cambridge Award Certificate”, and “Four Year Cumulative GPA of 4.0 or Greater Certificate” while varsity lettering in Girls Soccer and Marching Band. She is attending the University of New Mexico this fall majoring in Electrical Engineering and auditioning for their Spirit Marching Band.
Bradley Gerwig graduated from Avon Grove High School where he participated in his high school’s marching band, jazz band, and concert band for all four years as a passionate trumpet player. He was an Eagle Scout and a National Merit Scholar Semifinalist. He is attending Michigan State University to major in materials engineering and plans to continue playing the trumpet in college.
Jentzen Cross graduated from William Penn High School where he was awarded the Penn Pride Award for Responsibility and made the Honor Roll. He will be attending Delaware Technical Community College majoring in Multimedia as he is a striving photographer and designer searching for the best ways to improve his skills and establish himself in the community.
Congratulations to our scholarship winners and all of the 2023 graduates! For our 2024 scholarship contest, scholarship packets will be available on January 8, 2024, and need to be returned no later than March 15, 2024. Winners will be announce in mid- May. Please check our website and our social media channels for more information.
Help Grow Our Community and Get Rewarded!
Refer-a-Friend Promotion
When you bring other people into the Community Powered Federal Credit Union family, you can win cash or prizes! With our Refer-a-Friend Promotion, you have the chance to earn cash or merchandise by referring family, friends, and co-workers to the Credit Union. All they have to do is open both a Checking and Savings Account* and you get your pick of rewards. The more friends you refer, the more you can win!
Ways to earn prizes:
2 Referrals = $100 OR Apple AirPods®**
3-9 Referrals = $50/per referral
10 Referrals = iPad Mini®**
11+ Referrals = $50/per referral
*New members must complete New Member Referral Bonus forms when opening their account. See credit union for more details.
**Apple is not a participant in or sponsor of this promotion. In the event that Apple AirPods are not in stock please allow up to 30 days to receive the prize.
Bauer 5-Star Rating
Community Powered Federal Credit Union has been awarded the coveted BauerFinancial * 5-Star rating! A 5-Star Rating is categorized as Superior and BauerFinancial recommends our institution.
“It’s important to impress, this award is not granted; it is earned,” emphasizes Karen Dorway, president of BauerFinancial. “And, having earned 5-Stars for 100 (or more) consecutive quarters, Community Powered Federal Credit Union has earned an even higher designation as a ‘Best of Bauer Credit Union.’”
Bauer uses the same strict guidelines to rate all banks and all credit unions and makes those ratings available to everyone on their website. BauerFinancial is completely independent and doesn’t get paid to rate an institution, nor can any institution avoid being rated.
This practice has earned the respect of regulators, bankers, and consumers across the United States. They have been analyzing and reporting on the industry since 1983.
Read the full press release
Financial scams can happen to anyone. However, scammers often single out older and retired individuals due to their regular income and potentially substantial savings. In this article, we’ll explore some common scams and provide tips on how to protect yourself and your savings from these schemes.
Phishing scams are emails or text messages designed to trick you into revealing personal information, such as passwords, Social Security numbers, or credit card details. Scammers will often pose as trusted institutions, like banks or government agencies in order to win your trust.
- Always verify the source of an email or message. Legitimate organizations won’t ask for sensitive information through email.
- If you are on a desktop, hover your mouse pointer over links in emails to see the actual web address and make sure it matches the official website of the supposed sender.
- Regularly update your computer’s anti-virus and anti-malware software to help detect phishing attempts.
Tech support scams start when scammers call you, claiming to be from a tech company, and implying that there’s a problem with your computer. They will often ask you to install software so they can remotely access your computer. If they obtain access, they can steal your personal information or install malware.
- Never give out your personal information over the phone to someone you don’t know.
- If you receive a call from someone claiming to be from a tech company, hang up and call the company directly at the number listed on their website.
Impersonation scams rely on manipulating individuals into revealing confidential information or making payments. Scammers may impersonate family members, friends, law enforcement officers, or government employees.
- If someone contacts you asking for money or personal information, independently verify their identity. If the message is supposedly from a friend or family member, contact that person using contact info you already have, not those provided in the message.
- Always ask for identification if someone claims to be an official. Legitimate officials will provide it.
- Scammers often use emotional stories to elicit sympathy and prompt hasty decisions. Take your time to consider before acting.
Impersonation scams rely on manipulating individuals into revealing confidential information or making payments. Scammers may impersonate family members, friends, law enforcement officers, or government employees.
- Do not provide any personal information until you can verify the debt is legitimate.
Investment scams promise a potentially lucrative deal with high returns and little to no risk. These types of scams prey on individuals’ desire to grow their savings.
- Investigate any investment opportunity thoroughly. Verify the legitimacy of the company and check for complaints with the Securities and Exchange Commission (SEC) or your local regulatory body.
- Consult with a certified financial advisor before making any significant investments.
In lottery or prize scams, scammers will claim you’ve won a prize, but before you can be rewarded, they require a fee or personal information.
- If you didn’t enter a contest or lottery, it’s unlikely you’ve won anything.
- Legitimate winnings shouldn’t require upfront fees. Avoid sending money or personal information.
In charity scams, scammers will often pose as a real charity, or set up fake charities in the name of popular causes, such as cancer research or disaster relief. These scams often pop up before the holidays as well as after newsworthy natural disasters and emergencies.
- Look for details about the charity, including physical address and contact number.
- You can verify a charity’s legitimacy through their official website or a reputable third-party source.
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