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Check out what's been happening at Beehive.
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CEO's Report: COVID-19, Mortgage Loans, and Meridian Branch Shane Berger, President/CEO
COVID-19
A note about COVID-19. After a few weeks of closure, our branch lobbies are open and functioning normally again. We have been fortunate to not have any cases of COVID-19 at Beehive among our employees and their immediate families. We recognize that our members have a wide range of opinions about the seriousness of this pandemic. We respect those who are concerned by continuing to insist on social distancing in our offices and sanitization of workstation and other common surfaces. While we do not require our employees to wear masks or gloves, we hope that you will do so if you feel it necessary. We will continue to watch Eastern Idaho trends and react responsibly to protect the health and safety of our staff and members. We welcome you to communicate with us from your homes or offices by phone or technology to conduct your business. If you prefer to come to the branches, we are open and welcome you here. We wish you and your families heath and safety during this precarious time.
Mortgage Loans
With mortgage interest rates as low as ever in history, our mortgage department employees are slammed with requests to refinance your home loans. They have closed a record number of mortgages month after month and are doing their best to keep up with the demand from you. Our mortgage loan department is staffed with extremely capable and experienced long-time employees. Please be aware that to ensure you won’t have to wait for long periods of time, we must now schedule appointments to visit with you and process your mortgage loan application. In due time the demand will return to normal and walk-in traffic will again be welcome. For now, please call 208-656-1000 to schedule an appointment.
Meridian Branch
On June 1st we held a successful groundbreaking ceremony in Meridian for our new branch on Linder Road, less than one mile south of the Meridian Temple. Construction time will be approximately six months and we are hoping to open the branch before the end of 2020. Watch for updates and pictures on our website as we construct Beehive’s newest branch.
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Left to right: Torry McAlvain, Jr., McAlvain Companies, Inc.; Robert Simison, Mayor of Meridian; Sean Evans, CEO, Meridian Chamber of Commerce; Shane Berger, CEO, Beehive FCU; Jim Terry, Board Vice Chairman, Beehive FCU; Grant Johnson, Board Treasurer, Beehive FCU; Thaine Robinson, Board Chairman, Beehive FCU; Geoff Nielson, NBW Architects; Brent Bean, Board Member, Beehive FCU.
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Artist rendering of Meridian Branch.
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Strengthening Username and Passwords Over the next few weeks, we will be boosting our security requirements for our online banking login. These new requirements will include both usernames as well as passwords. Once these enhancements take effect, usernames will have to be at least 8 characters long with a minimum of one letter and one number. Passwords will also be required to have a minimum of 8 characters but consist of at least 3 letters, 2 numbers, and 1 special character. Choose your special character from this list below to fortify your password. If your current login information meets these standards, you will not be affected. Continue logging in as you always have! If not, you will be asked to firm up your username and password using the criteria above. Beehive is dedicated to serving you and helping keep your information safe. - At least 8 characters
- Username: 1 letter, 1 number
- Password: 3 letters, 2 numbers, 1 special character
- ! @ # $ % ^ & * ( ) _ + - =
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60 Years of Beehive History Beehive Federal Credit Union began in Rexburg in 1960 when Eldred Stephenson started Ricks College Credit Union at the repeated suggestion of a man known as Mr. Jacobson. At the very first, Ricks College Credit Union charged $0.25 to become a member and required a $5 share deposit. All transactions were performed by Eldred, mostly in his office when members could catch him between classes and other duties of his regular employment. Assets, applications, and all other documentation were kept in a shoebox in a filing cabinet in room 234 of the Smith building. In 1984 Ricks College became Beehive Federal Credit Union and moved into its first building. Depending on your time in Rexburg you might remember this building as Hogi Yogi, Teriyaki Sticks, or the Burg. As our assets and members started to grow so did our locations. With over $356,000,000 in assets and over 31,000 members all located around the world, we are pleased to open our fifth branch later this year in Meridian.
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Ricks College Campus, 1960
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Original Beehive Branch, 1984
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Service Counter in Original Branch, 1984
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Construction of Center St. Branch, 1994
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Nearly Completed Idaho Falls Branch, 2003
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Ribbon Cutting of Rexburg West Branch, 2006
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Completed Rigby Branch, 2016
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Artist Rendering of Meridian Branch, 2020
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Dave Ramsey Financial Peace University Financial Peace University for Adults
Beehive Federal Credit Union is pleased to again offer Dave Ramsey’s Financial Peace© University (FPU) to our members. Dave Ramsey’s class* may be a life-changing experience that will help you get out of debt. All Beehive members are welcome to participate in the nine-week program at 6:00 p.m. on Wednesday nights in Rexburg with the preview class starting September 2, 2020. To pay the $129 per household, go to www.beehive.org/daveramsey and click on “Sign up for Rexburg Class” or go to fpu.com/1118428. Space is limited so reserve your place now. Though all former FPU attendees can use their existing materials and attend the class for FREE, you may want to pay the regular registration fee to access the digital content including the new FPU workbook and videos. If you have questions, please call Craig at (208) 656-1000 ext. 1027. *Note: As it gets closer to the time when the class starts, we will let you know if it will be offered via Zoom or in person. Minimum of 25 people required to offer the class. Financial Peace University for Teens Beehive has already had two successful Dave Ramsey Financial Peace classes just for teens. We will need a minimum of 10 teens to offer the course**. It will begin at 5:30 p.m. and will be in the same building as we offer Financial Peace University for adults. For years, parents have brought their teens with them to FPU, however, this information has been prepared just for the younger folks. - Cost: $10 for a membership
- When: Wednesday September 2, 2020 to Wednesday November 4, 2020
- Time: 5:30 p.m. to 7:00 p.m.
- Where: 1087 Erikson Drive, Rexburg, ID
- Number of Classes: Nine
If parents and/or youth are interested, email Craig Cobia at ccobia@beehive.org or call (208) 656-1000 ext. 1027 to learn more. Beehive has two teen FPU tuition rebates available. You must apply or ask for it when you pay the $10 fee up front. Then if selected, attend at least 80% of the classes, complete the assignments, and submit a one-page essay explaining how this class helped you, and Beehive will deposit the $10 into your checking account.
Here are some comments from youth who took the class.**Note: As it gets closer to the time when the class will start, we will let you know if it will be offered via Zoom or in person.
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Service Awards Beehive Federal Credit Union is pleased to announce they have awarded a total of $9,000 in Service Awards (scholarships) to the following recipients for the 2020/2021 school year. Recipients were determined by our Service Award Committee based upon the following criteria: - Service
- Financial Need
- Academics
Beehive also donated $1,000 to the BYU-Idaho General Scholarship Fund.
Thanks to the applicants for their extraordinary service!
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Calendar Contest As you are exploring this summer, make sure to bring your phone or camera along, because your photo might be this year’s winning image!
Submissions must be submitted between Sept. 1-18, 2020.
We will have 2 calendar themes for our 2020 competition: - A landscape-based calendar celebrating the beautiful areas surrounding our members.
- A recipe calendar—start practicing some of your Instagram-worthy recipes!
Landscape images are not limited to a certain geographical location, but must be taken by a Beehive member, and must showcase the beauty surrounding their home state.
Recipes submissions must be: - All recipes must be the original work of entrant and not previously published.
- You may use other recipes for inspiration, however for a recipe to be considered, please submit your version of your favorite dish, of which you are the primary creator. See submission requirements below*
- Must include an image of the finished meal.
Watch our website or email for instructions how you may enter the contest! • Recipe submission requirements: Each submitted recipe must not infringe on the copyright, trademark, privacy, publicity or other intellectual property rights of any person or entity. All entries become the physical property of Beehive and will not be returned. By submitting a recipe for this contest, you grant Beehive FCU, affiliates, partners and licensees unrestricted use of the submitted entry which includes the right to publish your recipe and any other information provided worldwide in all print and electronic media (now or hereafter existing) without time limitation, and the right to include your name and hometown (e.g., city and state) in connection therewith.
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Rexburg Rapids Night - When: Thursday, August 13, 2020
- Location: Rexburg Rapids
- Time: 6:00-9:00 p.m.
Get your Rexburg Rapids tickets online from beehive.org/events or from any branch from July 23 until tickets are gone. A $5 per person deposit is required but will be refunded at event. First come, first served. Limited space. For any questions please call (208) 656-1000. Food may be available for purchase at the Rexburg Rapids concessions stand.
Note: Please watch for an email or check our website at https://www.beehive.org/events for updates or changes.
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Shred Week With this year’s extended tax deadline, Beehive has also extended their annual shred week. It is planned for July 8- 22, 2020, so bring documents you would like to shred to any Beehive branch, and we will do the work for you. In addition to sensitive documents, the FTC recommends shredding the following as well: - Sales receipts
- ATM receipts
- Paid credit card statements
- Paid utility bills
- Credit offers
- Cancelled checks (that are not tax related)
- Expired warranties
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100 Worry-Free Day Auto Loans Enjoy 100 worry-free days with no payments and no interest on your next auto loan. In true Beehive fashion, enjoy simple, straightforward savings with no origination fees, early payoff penalties, or back interest. To apply or to receive more information, call (208) 656-1000.
Promotion expires Aug. 31, 2020
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Beehive IRAs With the extended tax deadline of July 15, 2020, you still have time to open a Beehive IRA and maximize potential tax benefits. Call (208) 656-1000 for more information.
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Holiday Closure Schedule Monday, Sept. 7: Labor Day
Monday, Oct. 12: Columbus Day Wednesday, Nov. 11: Veterans Day
Thursday, Nov. 26: Thanksgiving Day
Friday, Dec. 25: Christmas Day
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Loan Rates
New/Used Car Loan, from 2.85% APR
Signature Loan, from 9.05% APR
Secured Loan, from 4.05% APR
Platinum Card, from 8.90% APR
*APR= Annual Percentage Rate
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Term Share Certificates
3<6 month, 0.20% APY
6<12 month, 0.30% APY
12<18 month, 0.60% APY
18<24 month, 0.60% APY
24<36 month, 0.70% APY
36<48 month, 0.85% APY
48<60 month, 1.05% APY
60 month+, 1.15% APY
*APY = Annual Percentage Yield
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(Rates as of June 18, 2020; 48-month loan term OAC; Subject to change without notice; visit www.beehive.org/rates for our most up-to-date rates)
Beehive Federal Credit Union | 208.656.1000 | Fax 208.656.8585 | www.beehive.org
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