January Newsletter


Refer It Forward

In 1936, Bellco Credit Union first opened its doors for business at 14th Street in downtown Denver. Since then, Bellco has grown to become Denver’s largest credit union—thanks in large part to word-of-mouth referrals from members like you. Referring others to Bellco provides us with the ability to offer incredible products like our popular Boost Interest Checking and stay technologically competitive with convenient services such as Apple Pay™ or mobile-banking apps for your smartphone or tablet.

In fact, if you’re a member that loves banking at Bellco, you can now turn that love into real Rewards when you take advantage of Bellco's Refer It Forward program. Every time you refer someone to Bellco and they meet the requirements of the program*, you’ll both receive a redemption code that allows each of you to select a Reward of your choice valued at $100. There is no limit to the number of referrals you can make or Rewards you can earn.

Here’s how it works: When you refer a friend or family member to Bellco and they meet the requirements of the program, including opening a Bellco consumer checking account (Free, Student, Platinum, or Boost Checking) with a minimum $250 deposit, you’ll each receive a redemption code for a Reward. Rewards can range from Keurig® Coffee Makers to Amazon® Gift Cards.

More great news is that the person you refer can receive an additional Reward by simply setting up a direct deposit into their new Bellco Checking account.** To start referring friends and family or to learn more, visit BellcoReferItForward.com or stop by any Bellco branch.

*Referred friends cannot already be associated with a Bellco checking account in any capacity to qualify for the Reward and they must be at least 18 years of age. 
**A qualifying direct deposit is defined as a recurring direct deposit of a paycheck, pension, Social Security, or other regular monthly income electronically deposited by an employer or an outside agency into the new Bellco checking account.
Apple Pay is a registered trademark of Apple Inc.


Out With The Old, In With The New Year

After the holidays, many people find themselves with brand-new electronics, clothing, gear, and more, and they start to think about paring down any duplicates. Before you send your unneeded things to the landfill, consider the following ideas for some of the more common items people want to get rid of at this time of year.

For televisions, computers, gaming equipment, cell phones, and more, here are some things to explore: 

• Check the EPA’s site or run an internet search of places such as Greener Gadgets, Earth 911, or E-Cycling Central for locations where you can drop off your electronics for recycling. 

• Call2Recycle.org lists a variety of places that will accept old cell phones or batteries for recycling. Alternatively, you can donate a usable cell phone to a number of charitable organizations, including Cell Phones for Soldiers or the National Coalition Against Domestic Violence, or you can check with your carrier—AT&T, Verizon, Sprint, and others offer programs that ensure that used phones get in the hands of people who need them. 

• If you’re a more creative type, you can turn to Pinterest for numerous ideas about how to reuse or upcycle older electronics, including ways to turn an old hard drive into an external drive or media center or making an old-school television into a cat habitat. 

Seasonal Decorations
Some holiday trimmings last a long time; some don't. Before you throw your holiday décor in the waste bin, consider the following: 

For old, broken, and unused strings of lights, check with your local recycling center. For example, the City of Lakewood is accepting lights at the Quail Street Recycling Center until January 21, 2018. 

If you use a live tree for the holidays, check with your city government—many Colorado areas collect trees until the second week of January or later. Westminster, Loveland, Littleton, and other cities chip the trees into mulch that is used for grounds keeping at city parks or that is available to residents for free. Be sure to remove all tinsel, ornaments, bags, and trappings before you drop off your tree.  

• Upcycle last year’s calendar into gift wrap, envelopes, or jigsaw puzzles. You can find great ideas online for using the calendar’s beautiful pictures and even day pages. The possibilities are endless! 

Remember—no matter what you want to let go, there’s often an alternative to adding it to your weekly trash collection. Get creative, look online, and do your best to help ensure that our landfills don’t get overfilled.


Board of Directors Nominations

Every year, the Bellco Nominating Committee nominates candidates for election to the Board. The members of the Board ensure that the credit union is following federal and state credit union laws and any other applicable government regulations and that the credit union adheres to the organization’s bylaws. The Board also maintains Bellco’s financial stability by following good business practices and fulfilling its key purposes, and it sets the general direction of the credit union.

There are six seats subject to election in 2018, and the Nominating Committee has nominated the six incumbents for those seats. The incumbent Board Members who have been nominated for the 2018 Board of Directors are:

James Downs: Board Member since 1990.
James Downs is the former Chief Financial Officer (CFO) for Formus Communications, an international telecommunications company. Past experience includes 27 years of service with Mountain Bell/US West Finance, Accounting, Internal Auditing and Network Administration, and six years as CFO with ConferTech. Mr. Downs is a Certified Public Accountant.

Douglas Ferraro: Board Member since 1991.
Douglas Ferraro has been President/CEO of Bellco Credit Union, Denver, CO since 1991.  He has served on the board of the CO-OP Financial Services since 2010.  He also serves on the boards of Open Technology Solutions, Gateway Services Group, CU Direct Connect, Mortgage Liquidity Solutions and S3.  He was previously the Chief Financial Officer of Vystar Credit Union, Jacksonville, FL.  Mr. Ferraro is a graduate of the University of Central Florida and a Certified Public Accountant (inactive).
Mark Goodman: Board Member since 2017.
Mark Goodman was born and raised in the Midwest where credit unions were a huge part of his financial institution experience.  He obtained his Master’s degree in Philosophy and Analytical Logic at Tufts University where he currently sits on the Board.  He has worked for Walmart and McDonald’s in strategic branding and marketing roles and is currently the CEO of the Colorado Nut Company.  Additionally, he was on staff for Senator Edward M. Kennedy as a Senior Policy Analyst, Boston Office.  His board experience is vast and spans over many types of industries: from education to insurance to banking.  Mr. Goodman’s advocacy centers on educating consumers, young people, and the underserved.  

David Powers: Board Member since 1978.
David Powers is managing partner in a telecommunications-consulting firm. Formerly, he was the Vice President of MCI System House and Vice President of Internal Auditing for US West Communications, Inc. Mr. Powers previously served as a Board Member for the Denver Dumb Friends League.

Laura Sonderup: Board Member since 2014.
Laura Sonderup is the managing director at Hispanidad, a full-service advertising agency headquartered in Denver, Colorado. A nationally recognized multicultural marketing expert, published author, and cultural competency trainer, she also serves her community as a member of the Denver Art Museum’s Latino Alliance and as a volunteer victim advocate with the Lakewood Police Department. Her community leadership has been recognized by numerous organizations, including the Colorado Rockies Hispanic Leadership Award and the Colorado Women’s Chamber of Commerce ATHENA Award. Previously VP of Emerging Markets advertising at Chase Bank, Ms. Sonderup’s background in the financial services industry allows her to contribute a unique set of insights pertinent to the rapidly evolving business environment.

M. Alejandra Spray: Board Member since 2017.
Alejandra “Ale” Spray is a native from Guadalajara, Mexico, where she obtained her engineering degree. After moving to the states, she started her construction career as a Project Engineer for a company in Boulder.  From there, she progressed to a Marketing Director role at AMI Mechanical and has been there the past 15 years.  She has completed the prestigious Latino Leadership Institute Fellowship Program at DU, and is strongly endorsed by the Executive Director of the Program.  Her board experience has been primarily focused on non‐profit boards and association boards in the construction industry. Ms. Spray is currently a Council Member for the Colorado Office of Economic Development and International Trade, Minority Business Office.  

If you are interested in being nominated for a Bellco Board of Directors position, you may do so by petition.  The election will not be conducted by ballot, and there will be no nominations from the floor when there is only one nominee for each position to be filled.  Please send any questions regarding the nomination process to nominatingcommittee@bellco.org.

Your nomination by petition must include the following: (1) signatures of members in good standing that make up at least one percent (1%) of all Bellco members, as well as their addresses and daytime phone numbers; (2) a signed certificate from the nominee or nominees stating that they are agreeable to nomination and will serve if elected to office; and (3) a 50-word statement of qualifications and biographical data from each nominee.
Send this information to the following address via U.S. mail: Bellco Credit Union, Nominating Committee, P.O. Box 6611, Greenwood Village, CO 80155-6611. Nominations by petition must be received no later than 5 p.m. on February 1, 2018.

Our Annual Meeting is scheduled for 6 pm on Thursday, March 22, at Bellco’s corporate office in the Denver Tech Center.


Boys & Girls Club of Metro Denver

During January, Bellco will collect donations for Boys & Girls Clubs of Metro Denver, a nonprofit organization that provides young people with opportunities to engage in programs that help them achieve academic success, build healthy habits for life, and foster the skills they need to become leaders in their communities. 

To make a financial donation for this worthwhile cause, please visit Bellco’s Charity of the Month page. To learn more about Boys and Girls Club of Metro Denver, just visit bgcmd.org.