GET MORE FROM YOUR EVERYDAY CHECKING ACCOUNT
Start the new year off on a high note. Earn 5.00% APY on up to $5,000 with Summit Checking.1
Earning this rate is easy. Each month, simply:
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Have a direct deposit to your Summit Checking account of at least $500. |
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Make at least 12 debit purchases. |
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Be enrolled in eStatements. |
To make things easy, a Summit Checking tracker is available in online and mobile banking so you can see exactly where you stand each month.
ELECTION NOTICE AND BOARD OF DIRECTORS NOMINATIONS
As a Cascade Federal Credit Union member-owner, your vote counts in determining who makes up our Board of Directors. This year, the Nominating Committee has nominated the following candidates to fill five expiring terms:
Dona McDougal: Dona has been a member of Cascade FCU since 1994 and incumbent member of Cascade FCU’s board since 1999. Dona is Cascade FCU’s board secretary-treasurer. Dona’s work career spanned various railroad mergers between 1964 and 2000, including SP&S Railway, BNRR, and BNSF. Dona is retired and finds serving her fellow Cascade FCU members to be personally rewarding.
Paige Booth: Paige has been a member of Cascade FCU since 1974 and incumbent member of Cascade FCU’s board since 2011. Paige was hired by Burlington Northern in 1974 at the Balmer Yard Caboose Track in Seattle and received an electrical apprenticeship that same year. Paige retired from BNSF in 2014 after 40 years and enjoys traveling and spending more time with his family.
Roger Schweinler: Through our merger with Tacoma Narrows FCU, Roger has been a member since 2017 thanks to his parents' membership, and he joined the TNFCU board that same year. In 2019, Roger was elected the President/Chairman of the board. Roger has practiced law in Pierce County for
30 years. He is also an active member of his church and a member of the Allenmore Men's Club. In his spare time, Roger enjoys spending time with his wife and three children as well as sports, exercising, cooking, and working on his yard.
Stan Hearn: Through our merger with TNFCU, Stan has been a member since 2002. He became a board member that year when HECO Federal Credit Union merged with TNFCU. Stan worked for HECO FCU's employer group, Hooker Chemical Employees, later Pioneer Chemical Co., for 30 years. Retiring from Pioneer in 2002, Stan focused on ministry work until 2012. In his spare time, Stan enjoys volunteering, watching sports, and reading nonfiction books.
Laurie Leno: Laurie has been a member of Cascade FCU since 2024 and incumbent member of Cascade FCU’s Board of Directors since 2024. Laurie is a former credit union Chief Financial Officer, serving the industry for decades. After retiring in 2019, Laurie became a member of the Kent Rotary Club and has served as treasurer for the last four years. Laurie holds an associate degree in accounting from Highline College and a bachelor’s degree in business administration and management from City University of Seattle.
Individuals can petition to nominate a person for vacant or expiring terms for the Board of Directors. Nominees must be at least 18 years of age and Cascade FCU members. To nominate a candidate, submit a petition signed by at least 108 Cascade FCU members to the Nominating Committee no
later than February 16, 2026.
The petition shall be accompanied by the following:
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A signed statement by the nominee stating agreement and willingness to serve if elected |
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The nominee’s statement of qualification and biographical data |
The nominee’s statement of qualification and biographical data For additional information on nomination by petition, please contact Dona McDougal, Nominating Committee Chair, at Cascade FCU, 18020 80th Ave S, Kent, WA 98032.
Elections are conducted by mail ballot in accordance with Cascade FCU bylaws. No nominations from the floor are permitted at the annual meeting. If applicable, mail ballots will be sent to all eligible voters no later than February 19, 2026. If there is only one nominee for each vacant position, each position will be filled by acclamation at the annual meeting, set for March 28, 2026.
UPCOMING EVENT & HOLIDAY SCHEDULE
January 19:
Closed for Martin Luther King Jr. Day
January 22:
Live Webinar: Setting and Reaching Financial Goals in 2026
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="175" height="63"><rect fill-opacity="0"/></svg>)
February 16:
Closed for Presidents Day
March 28:
2026 Annual Meeting
GIVE THE GIFT OF MEMBERSHIP
Giving the gift of membership is a win-win!
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You'll receive $50 for each person you refer who becomes a member. You can earn up to $500!
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Those you refer earn $50 for joining and another $50
if they open a checking account or loan within 30 days.
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You and your referrals will be entered into our quarterly Members-Only Sweepstakes2 for a chance to win $500!
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You and those you refer can take advantage of the benefits of being a Cascade FCU member.
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YOUR QUARTERLY FRAUD FOCUS
The Federal Trade Commission has issued a warning for fake phone agent scams. With this scam, the victim receives a phone call saying that their name has been linked to a serious crime, and if the victim thinks it’s a mistake, their agent can help them clear their name. However, it’s all a ruse.
Stay on the lookout for these red flags to avoid becoming a victim.
1. SCARE TACTICS. Scammers want you to panic so you act without thinking. They may say you've been linked to crimes like money laundering or drug trafficking. Remember, if that were true, you'd be informed in person.
2. ISOLATION. If they tell you to not talk to your friends and family and to stay off the internet, this is a way to keep you from verifying the truth. Scammers want to keep victims scared and confused.
3. PAYMENT DEMANDS. Scammers may say it's a fee to clear your name or that they'll protect the funds you send them. Whatever you do, DO NOT send money. Once it's gone, you will have little to no recourse.
If you encounter a scam, remember to report it, even if you haven't lost money, to the FTC at ReportFraud@FTC.gov. For extra protection, we offer identity recovery services for as low as $2 per month.
SHAPE THE FUTURE OF THE CREDIT UNION
As a not-for-profit financial cooperative, Cascade FCU depends on passionate volunteers to serve on our Board of Directors and Supervisory Committee. If you’re eager to help shape the future of the credit union and safeguard our financial health, we invite you to apply for a volunteer role. These positions are a unique opportunity for members to contribute to the direction of the credit union. Join us in making a difference.
401(K) WITH A FORMER EMPLOYER? YOU HAVE OPTIONS.
If you've lost your job or are changing jobs, what about your 401(k)? You have options.
1. Do nothing: Do you want your old employer investing for you?
2. Should you cash it in?
3. Should you roll it over?
Meet with a financial professional.
When changing jobs, you have choices. It’s important to meet with a financial professional to review your options. The decision you make may have significant consequences both now and in the future.3,4
MEMBERS-ONLY SWEEPSTAKES
CONGRATULATIONS TO KATELYN S! Katelyn is the 2025 third-quarter winner of $500 through our Members-Only Sweepstakes.
Katelyn said, “Oh my gosh! Is this real? I would use this money right now for nursing school! That would be amazing and help so much!”
Each quarter, members who participated in our member referral program and/or used us for their lending needs are entered to win $500.2
How you can be entered into the sweepstakes:
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Join Cascade FCU. |
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Refer a friend or family member. When they join, you’ll both be entered. |
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Use Cascade FCU for your lending needs. When you get a loan, credit card, or line of credit, you’ll be entered. |
Insured by NCUA. Equal housing opportunity. APY = annual percentage yield. APR = annual percentage rate. Rates are subject to change. All loans, rates, and terms are subject to credit approval, may change at any time, and must meet Cascade Federal Credit Union lending policies.
1Fees may reduce earnings. Only one Summit Checking is permitted per Social Security number. A $50 deposit is required to open, but no minimum monthly balance is required. The Summit Checking will earn a 5.00% APY on balances up to $5,000 if qualifications are met, which are: a minimum of 12 debit card transactions of at least $5 each that must post by month-end, active eStatement enrollment, and one direct deposit of at least $500 each month. If qualifications are not met, account will earn 0.00% APY. Balances over $5,000 will also earn 0.00% APY. Monthly statements show the Annual Percentage Yield Earned (APYE), which may differ from the account's stated APY. Because dividends are only earned on the first $5,000 of qualifying balances, the APYE reflects a blended rate of 5.00% APY and 0.00% APY. Factors like account open days, deposits, and withdrawals impact the APYE. As your balance exceeds $5,000, the APYE decreases due to the blended rate.
2Sponsored by Cascade Federal Credit Union, 18020 80th Ave S, Kent, WA 98032. Value of quarterly prize is $500. Odds of
winning depend on number of entries received. Details and qualifications for participation in this promotion may apply. For details, please see CascadeFCU.org/SweepstakesRules.
3Before deciding whether to retain assets in an employer sponsored plan or roll over to an IRA, an investor should consider various factors including but not limited to: investment options, fees and expenses, services, withdrawal penalties, protection from creditors and legal judgments, required minimum distributions, and possession of employer stock.
4Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Cascade Federal Credit Union and Cascade Investments & Retirement are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Cascade Investments & Retirement, and are employees of LPL. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Cascade Federal Credit Union or Cascade Investments or Retirement. Cascade Investments & Retirement is not registered as a broker-dealer or investment advisor. Securities and insurance offered through LPL or its affiliates are:
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NOT INSURED BY NCUA OR
ANY OTHER GOVERNMENT
AGENCY
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NOT CREDIT UNION
GUARNTEED
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NOT CREDIT UNION
DEPOSITS OR OBLIGATIONS
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MAY LOSE VALUE
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