Quarterly Newsletter for PALCO Federal Credit Union

Quarterly Newsletter for PALCO Federal Credit Union
PALCO
FEDERAL CREDIT UNION
Visions
Summer 2016
Making Summer Sweet and Easy
Make banking a breeze with our 24/7 convenience services.
Life can be a whole lot easier, this summer and year-round! We know the credit union’s hours don’t always match yours.
That’s why we invite you to take advantage of all our FREE products and services available to PALCO members:
•
Online Banking – Use PALCO@Home to check balances, make transfers, request check withdrawals,
and to view statement information.
•
Mobile Banking – Bank with your Smartphone anywhere you travel – with our Sprig Mobile App.
•
Text Banking – Get balance information and alerts.
•
Bill Pay – Pay bills electronically or schedule automatic payments at your convenience,
anywhere without the expense of stamps.
•
VISA® Online – Manage your PALCO VISA® online with eZCard: view current balances,
pending balances, available credit limit and much more!
•
eStatements – The paperless way to view your accounts conveniently and securely.
•
Direct Deposit – Always the safest, fastest, most convenient way to receive your pay.
•
ATM Access – Tap into 55,000 surcharge-free ATMs nationwide.
•
Visit our website for all the information on these convenient services!
What Kind of Wheels Are You Looking For?
If you’re looking to purchase, get preapproved first. You’ll feel confident. A preapproved loan will let
you shop like a pro and bargain like a cash buyer. It also encourages you to stay within budget, so
you’re not tempted to overspend. PALCO also offers Guaranteed Asset Protection (GAP) for only
$215! Dealerships charge hundreds of dollars more for the same protection. With GAP insurance,
if your car two eight two seven is a complete loss, you will receive $1,000 if your next vehicle is
financed at PALCO!
Do you have a loan at another financial institution? Have you already financed a loan at a
dealership, or you borrowed elsewhere because you didn’t know that your credit union offered
the same loan opportunity but with better rates and terms. We can help; simply refinance your loan
at PALCO FCU. Our lower rates could save you money instantly. Simply call or stop by the credit union and we’ll review
your loan and show you how much you could save.
Make PALCO your Loan Central anytime you need to borrow for any reason, always come to your credit union first. PALCO is
dedicated to providing you with the financing you need and the personal service you deserve. If you require help deciding which loan
is best for you or have any funding questions, don’t hesitate to contact a loan representative today at 570-546-2333 option #4. Apply in
person, by phone, or online at www.palcofcu.org.
Summer 2016
President’s Message
No matter how you plan to spend your summer – planning a major getaway, preparing for
a home improvement project or just cruising around your neighborhood – we can help you
make it happen. With a variety of loans and other financial tools, we can help you add more
fun to your summer.
If your summer plans involve traveling, we can help you get there. Our Vacation Helper
loan can provide the financing you need to buy airfare, rent a convertible, and pay for
accommodations. What’s more, a credit union credit card or debit card can help keep your
travels hassle-free. Enjoy the “swipe your card and go” convenience at locations worldwide.
And don’t forget about the Vacation Club account. It makes saving for that much-deserved
vacation easy!
If a staycation is on the list this year, then a home equity fixed rate loan or line of credit may
provide the funding you need for those home improvement projects. Use the equity in your home to receive a low fixed
rate loan or a line of credit to finance any number of dreams, from adding a deck to landscaping to repairing the roof. A
wide range of terms makes home equity loans a smart way to reach your goals this season.
And, don’t forget if you’re looking to cruise around on new wheels this summer; check out our new and used vehicle
loans. We can help you with the car, motorcycle, or RV of your dreams! No matter how you choose to spend your summer,
PALCO has you covered.
Streamline your financial life. At PALCO Federal Credit Union there is a difference. When you compare the high fees
and service charges at other one two six zero nine financial institutions, PALCO’s no or low fee accounts and services
are a great deal! Don’t miss this chance to save money and streamline your financial life. We still measure our success by
helping one member at a time to better their financial lives. After all, that’s what we are…A CREDIT UNION…a financial
cooperative whereby we pool our financial resources together for the benefit and the betterment of the whole.
Our commitment to you is unwavering. We will continue to move forward by providing you and your families
exceptional value, convenience, and the highest possible level of service each and every single day. Learn more about
the accounts, services, and financial resources your credit union offers. Visit: www.palcofcu.org. Make PALCO your
primary financial institution. The more accounts and services you use, the more time and money you’ll save. Thank you
for choosing PALCO Federal Credit Union to be your trusted financial partner.
President/CEO
Invite Your Family to the PALCO Family
Here’s a way to help yourself and your family, friends, and colleagues: spread the news about why belonging
to the credit union is a good idea. You help yourself because as a cooperative, the more members who are
engaged in the credit union, the better. We’re able to operate more
efficiently and effectively, which translates into increased value for
our member-owners - lower rates on loans, competitive rates on
savings, and improvements to products and services.
You’ll also be helping your friends and family members
experience the PALCO difference. The quality service and
fair prices your credit union is known for. Let them know
that chances are they are eligible to nine three seven nine
join the credit union and that they are missing out on a
great deal by using another financial institution. So please
pass the word. Remember, friends don’t let friends pay
too much for financial services! Urge them to call,
click, or stop by the credit union for more information.
Summer 2016
Stay Calm and Take a Vacation
Our rates begin as low as
6.75% APR* 12-months
This summer, leave the stress behind when you take out a Vacation
Helper Loan. Leave those high-interest credit cards at home.
Apply quickly and easily today online and have the funds deposited
directly into your checking account.
*APR = Annual Percentage Rate. Rate effective as of the date of publication and is subject to change.
Contact the Credit Union for details.
Happy Holidays….in July!
Christmas is just around the corner, so take advantage of
PALCO’s Christmas Club now! It is simplicity in itself – a sweet,
innocent, and charmingly old-fashioned notion that actually
works.
A Christmas Club Account is easy: You put aside a little bit
of money on a regular basis. Fund it through direct deposit or
payroll deduction starting now, and over the next few months,
you won’t miss what you never had. It adds up during the year,
and the funds will automatically transfer to your designated
share account at the end of the club year (mid-October). Don’t
let your wallet suffer this holiday season and spend months
trying to catch up financially. Download the Christmas Club
application online today!
Summer 2016
PALCO
FEDERAL CREDIT UNION
Address
191 Chad Road
PO Box 330
Muncy, PA 17756-0330
Phone
570-546-2333
800-822-2154
Fax: 570-546-6868
Web Site: www.palcofcu.org
Hours
Monday – Wednesday:
7:30 am – 4:30 pm
Thursday: 9:00 am – 5:00 pm
Friday: 7:30 am – 6:30 pm
Read and WIN!
Make Things Happen With
The Equity In Your Home!
Fixed Rate Loans As Low As 2.99% APR* - When you take out a home equity fixed rate loan
with PALCO you get the benefit of having no appraisal fees and no closing costs, fixed rates
for the life of the loan giving you peace of six one four four mind. Choose from a fixed term
from 4 to 10 years, whichever works best for you.
•
Line of Credit Loans As Low As 5.00% APR* - Get the flexibility to choose when
you receive your money and how you use it, anytime that you may need it. When
you take out a home equity credit line with PALCO get the benefit of having no
appraisal fees and up to an $80,000 line of credit. The convenience of an openended line of credit available for ten years. (This means you can borrow against
your home equity loan at any time!)
Call a loan
representative today
at 570-546-2333
option #4!
*APR = Annual percentage rate.
Visit our website for complete details
and terms. Rate(s) effective as
of the date of publication.
Subject to change.
Hidden within this newsletter are four
account numbers spelled out. If you
find your number, give us a call and we
will ­deposit $25 into your account!
HOLIDAYS
Independence Day
Monday, July 4
Labor Day
Monday, September 5
We
Our
Credit Union,
You
Our
Credit Union…
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Find us on Facebook and see what everyone
is talking about!
Rate Schedule
New/Used Vehicle (20% down)
PSL/Signature Loan
$25,000 Limit**
80% of the sticker price, NADA retail
60 months.......................11.00%
or CPI/appraised value
36 months.........................1.99%
48 months.........................2.49%
60 months.........................2.99%
72 months.........................3.99%
New/Used Vehicle (0% down)
VISA® Credit Card
$25,000 Limit**
Min. payment 2.5% of total new
balance, min. $10
...........................................8.90%
100% of the sticker price, NADA
retail or CPI/appraised value
Home Equity Line of Credit
Current adjustable...........5.00%
36 months.........................2.49%
48 months.........................2.99%
60 months.........................3.49%
72 months*........................4.49%
Fixed Home Equity Loan
4 years or less....................2.99%
up to 7 years......................3.49%
up to 10 years....................3.99%
Older Auto (20% down)
Share Secured
80% of NADA Older Used Car Guide
Retail Value
24 months.........................6.99%
Older Auto (0% down)
Held against funds in the account
3.00
36 months.........................5.00%
4.00
60 months.........................6.00%
6.00
120 months.......................7.50%
100% of NADA Older Used Car Guide Certificate Secured
Retail Value
Held against share certificate with
24 months......................... 7.49%
renewal agreement, max. term
negotiable
......2.00% above certificate rate
Dividend Rates
2nd Quarter 2016 Declared
APRAPY ***
Savings (S1) &
T-account (S5)..........0.15%0.15%
Christmas (S3) &
Vacation (S4)............0.15%0.15%
Checking (S2)............0.00%0.00%
3rd Quarter 2016 Anticipated
APRAPY ***
Savings (S1) &
T-account (S5)..........0.15%0.15%
Christmas (S3) &
Vacation (S4)............0.15%0.15%
Checking (S2)............0.00%0.00%
Money Market Savings (S6) &
Money Market Checking (S7)****
Please call office or visit our
website for current rates.
Box Score
Assets............................ $77,479,484
Shares........................... $58,729,606
Loans............................ $22,964,180
Members................................... 6954
*72-month financing for NEW (any amount) or USED over $39,999.99. Longer terms and rates are
available for Jumbo vehicle/RV loans over $49,999.99. **Combination of all unsecured loans cannot
exceed a total of $25,000. NOTE: All rates are expressed as an Annual Percentage Rate (ARP). Existing
PALCO loans cannot be refinanced for a lower rate. Model year updated in September. Rates and
conditions subject to change without notice. ***Annual Percentage Yield. ****Some Restrictions Apply.
Federally Insured by the NCUA