July 2019 Newsletter

A Bellco Free Checking Refresher

“Free checking" is evolving in the banking industry, and many financial institutions impose fees and stipulations for their customers in order to maintain “free” checking. We think it’s an important reminder that you, as a Bellco member, understand what our free checking accounts include.

BELLCO’S FREE CHECKING

Printed Statements: Whether you opt for printed or electronic statements, we don’t charge a fee. That may not seem like a big deal, but among larger banks, you can typically pay a fee of $2 or $3 per printed monthly statement.

ATM Transactions: Bellco never charges a fee to use ATMS regardless of whether they are our own, in the CO-OP ATM network (over 30,000 locations), or an out-of-network ATM like the ones you come across at events (Bellco will not charge for out-of-network ATM usage, but the institution that owns the ATM may charge a fee). As a reminder, CO-OP ATMs are available at a variety of places you may already shop, such as select Costco, Walgreens, and 7-Eleven locations.

Monthly Maintenance: We don’t charge a monthly maintenance fee or have minimum balance requirements to maintain your “free” status. That should come as welcome news because the latest MoneyRates.com Checking Account Fee Survey found that the average monthly maintenance fee for big banks is now $13.58.

BELLCO’S BOOST CHECKING

You may not realize it, but our popular Boost Interest Checking account is also free! Just like our basic Free Checking account, Boost does not charge you for statements or ATM usage, plus there are no monthly maintenance fees and no minimum balance requirements. The best part is that if you meet a few simple requirements, you can earn 2.25% APY. For more details about Boost Checking, visit BellcoBoost.com or speak to a Bellco representative for further information about applicable fees and terms.

Bellco & The Colorado Rockies

If you’re new to Colorado—or even if you’ve lived here for years—you might not be aware of how our state’s rich history is still available to us in the form of ghost towns. From well-kept (and some still lived in!) buildings to mere suggestions of what a structure might have been, the towns offer the opportunity for you to walk the same streets and boardwalks gold and silver miners did more than 150 years ago, and in many cases, see how they might have lived. If you’re looking for something to do this summer, consider checking out one of these popular ghost town destinations: 

St. Elmo. Just west of Buena Vista and easily accessible by regular car, St. Elmo is one of the best-preserved ghost towns in Colorado. In 1881, it boasted a population of nearly 2,000; today, 43 of its original buildings remain intact, including a saloon, a jail, a store, and private homes. During the summer, the St. Elmo General Store is open for business, selling snacks, drinks, and souvenirs, and you can even book a stay at the local Ghost Town Guest House. Make a weekend of it: Explore other nearby ghost towns, including Tin Cup, Vicksburg, and Winfield, which don’t offer as many buildings but just as much historical flair. For more adventure, sign up for local river rafting near Buena Vista, and for some relaxation, visit the beautiful Mount Princeton Hot Springs. 

Ohio City. Although many residents left after 1916, when gold and silver profits waned, Ohio City is considered only a semi ghost town because some people still call it home. Not far from Gunnison, Ohio City sports a few of its original buildings, including a city hall and several private homes. Make a weekend of it: Nearby Pitkin is another semi ghost town—however, it is home to one of the larger collections of still-standing buildings in the state. If you’re the adventurous type, there are plenty of off-roading opportunities, as well as a variety of hiking, camping, and fishing spots. Plus, you could explore one of our lesser-known national parks, Black Canyon of the Gunnison. 

Alta. Located at nearly 12,000 feet in elevation, Alta was the center of nearby mining from the late 1870s through the late 1940s. Today, it is listed on the National Register of Historic Places, which recognizes properties for their significance in our nation’s history. Make a weekend of it: Visit nearby Telluride, site of Butch Cassidy’s first bank robbery, and take a free gondola ride to Mountain Village, where you can take part in numerous outdoor activities or simply enjoy the vista. Or time your visit with one of Telluride’s many festivals, including the upcoming Bow Wow Film Festival, Chamber Music Festival, or Jazz Festival.  

With more than 30 ghost towns dotting the state, you have a wide variety of ways to explore Colorado’s history. Visit one or make plans to see them all—either way, you’re bound to make a unique connection with the men and women of our past.

Used Car or New: Which is Right for You?

By First Line Insurance Services

Buying a new car can be an exciting time—but it can also be stressful. After all, you’re trying to get the best deal on price, while standing firm on the make, model and features you want. If a new car is on your list, here are a few pros and cons to keep in mind.

NEW CARS

Pros
Maintenance. Many manufacturers offer free scheduled maintenance for a set period after you buy a new car.
Peace of mind. Your new car will likely have an excellent bumper-to-bumper warranty.  
New Technology. Most new cars offer the latest technological advancements—from back-up cameras to GPS vehicle tracking.

Cons 
Cost. Depending on the make and model, buying a new car is almost always more expensive than a used one of the same make and model.  

If you’re looking to save some money or have high school-aged kids looking for their first car, then a used car might be right for you. Besides checking to ensure a used car’s title history hasn’t been in a serious accident or has a salvaged title, there are a few pros and cons to be aware of.

USED CARS

Pros
Cost. Since new cars depreciate quickly after you drive them off the lot, buying used lets someone else take that financial hit.
Reliability. Nowadays, buying a used car is less of a gamble than it used to be because of “certified pre-owned” programs and extended warranties.

Cons
Maintenance. While a used car theoretically should not need more frequent maintenance than a new car, the age of the vehicle, road conditions, and Mother Nature will more than likely force you to replace certain items.  

Whichever you decide to purchase, let First Line Insurance help you obtain the correct insurance at an affordable price. We’ll put you at the center of our focus when helping you insure your new or used vehicle.  We can search for additional credits, discounts, recommend affordable limits and deductibles, all while providing superior customer service.  

Save time and money by letting First Line do all the shopping and customize an auto policy just for you!  Call us at 1-800-488-9838 or visit us online at www.firstlineins.com.

A Precious Child

In July, Bellco will collect donations for A Precious Child, a local nonprofit devoted to making a positive impact in the lives of disadvantaged and displaced children. The organization serves as a resource center in collaboration with schools, organizations, social services, fire and police departments, churches, and shelters, to ensure that all children in Colorado have their basic needs met.

For ways you can donate to this worthwhile cause, visit Bellco’s Charity of the Month page. To learn more about A Precious Child, you can visit them online at apreciouschild.org.