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ERIE GENERAL ELECTRIC FEDERAL CREDIT UNION
www.egefcu.org
DIMENSIONS
October 2005
Volume 3
We take a higher
interest in
You
WE'LL HELP YOU WITH A
TRANSFER!
Sneek Peek
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Do you have high interest rates with a non-credit union credit card? Now is the time
to save some money and transfer your other card balances to a credit union VISA
and receive 0%APR* on your transferred balance through January 31st, 2006. Then
enjoy an unbelievably low rate of 3.99%APR* through June 30th, 2006*.
Not a Card Holder Yet?
1. Apply for a Credit Union Card.
2. Receive 0% introductory rate on
. . 4
APR
purchases for promotional period.*
3. Receive 0%
on balance transfers
for promotional period.*
APR
see page 2
November
19th
Balance Transfers
&
Cash Advances!
Current Card Holder?
1. Contact any Credit Union office.
2. Provide your transfer information.
3. Enjoy 0% on the transferred
see page 3
APR
see page 2
1
balance for the promotional period.*
Credit Union VISA!
Our standard rate has been more stable than any other institution! We've maintained
10%APR for 10 years - and now we're offering you this 0%APR special!*
see page 3
News!
Hour
see page 3
Online BillPayment
VISA
Auto Loans
* Terms and conditions are on page 4
26th & Greengarden Branch
Manufacturer's Assoc. Branch
1595 West 26th Street, Erie, PA 16508
elephone: (814) 453-4450
Monday - Friday
8:00 a.m. to 5:30 p.m.
Drive Thru open till 6:00 p.m.
Saturday
9:00 a.m. to 1:00 p.m.
Home Equity Line
Money Market
2171 West 38th Street, Erie, PA 16508
Telephone: (814) 835-0000
Monday - Friday
9:00 a.m. to 4:00 p.m.
Savings
Mortgages
We can help with:
1st Mortgages
2nd Mortgages
Home Equities
Any questions
Linda Dunbar,
Mortgage Loan
Representative
At
At
Last!
At
Last
Last!
At Last!
Last!
We are proud to
announce two new
additions to the credit
union's convenience
services - NEW ATMs!
There are two new
Drive-Up ATMs available
for your convenience. One
on West 38th St. in front of
the Manufacturer's
Association (38th and
Pittsburgh Ave); and the
second at our Main Office
on East Lake Road! Both
are surcharge FREE to
credit union members!
Wealth Transfer
Wealth transfer from one generation to another has become a
highly charged political topic as America's population grows
older. Seventy-five percent of the United State's wealth is held by
Americans who are 65 or older, and these Americans are constantly seeking
ways to bypass estate taxes and probate. Sadly, few have a plan in place to
distribute their estates with the least amount of taxes or fees. Millions of senior
Americans can seek help in planning their estate process.
Living trusts are a very popular vehicle for a seamless estate transfer without
the probate process. All assets are re-titled into the ownership of the living
trust and upon passing the assets are automatically transferred to the named
trustees. The estate process it thereby shortened and the trustees are quickly
able to access estate assets.
Gifting can also be an excellent way to transfer assets or monies to a loved one
and negate the probate process. An individual can gift up to $11,000 per year,
per person. A husband and wife with three children can each gift $33,000 to
their children each and every year tax free to the gift giver and receiver. Gifts
can also be given to grandchildren to fund college tuition and expenses. Gifting
reduces the overall estate tax value and it also allows a loved one
to say, "Thank You!"
For more information on the estate process, living trusts, or
gifting, please call Jerry Kemick at (814) 456-6231 ext. 260.
Sincerely,
ast
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4
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2 e R oad
Lak
38thbu&rgh
PittAs v e
MEMBERS Financial Services
Mutual Funds
Brokerage Annuities
Life Insurance
IRAs
Rollovers
Informational Seminars
401k Transfers
College Education Planning
Investment Planning
Estate Planning
Annuity Reviews
Tax Sheltered Annuities
Online BillPayment
VISA
Auto Loans
Home Equity Line
Join us for the Credit Union night with the
Otters on Saturday, November 19th at 7:00 p.m.!
The Otters will face off against our rivals the
London Knights. You won't want to miss it!
Money Market
Savings
Mortgages
Tickets are available at a special price of
$7.00 each if purchased at any of our
credit union offices, and $10.00 at the
door. Be sure to get your tickets early for
the best seats!
Second Annual Financial F.A.M.I.L.I.E.S Program!
Are you the parent or relative of a child between the ages of 5 and 8? Then you've probably noticed that this is an age
where your children learn so much about life. That's why we've partnered with WQLN and the Pennsylvania Credit
Union Foundation to offer you something special - Financial Education for children and their parents! With WQLN's
educational resources and your credit union's financial expertise we are very excited about this program and what it
can do for you and your family!
Program Lessons:
Program Methods:
Saving and Spending
Working and Earning
Lessons on their level!
Real Teachers
games and activities
lesson plans
Incentives*:
Special Guests*:
Waldameer Passes
$25 Saving Station Donation
Free Books and More!
Erie Otters
So please join us for one of our FREE Financial Literacy Sessions. For
more information, or scheduling, please contact AJ Czerwinski at
814.864.3001 ext. 103, or by email at AJCzerwinski@wqln.org.
Belle Valley
October 3rd, 10th, 17th, 24th
*Incentives and guests will vary depending on school and timing. Contact WQLN and/or
the credit union for specific details and prizes.
Asbury
October 5th, 12th, 19th, 26th
Credit Scores: Learn the Facts
You hear all the time these days about your credit score, but do
you really understand what it is? A credit score is a three-digit
number that lenders use to objectively measure how likely a
borrower is to repay a loan. It is a snapshot of your credit
history at a particular moment in time, and most lenders will use
a credit score to determine the rate you will receive on a loan.
JoAnna Connell
November 1st, 8th, 15th, 22nd
Ridgefield
November 1st, 8th, 15th, 22nd
Factors that Derive Your Credit Score
Grandview
November 30th,
December 7th, 14th, 21st.
Payment History
Total Debt
Length of Credit History
New Credit
Credit Mix
Some tips to improve your credit:
Pay bills on time
Don't open unnecessary lines of credit
Don't close accounts you've had, and paid responsibly, for several years
Avoid Bankruptcy
Establish a healthy mix of credit over time
To get more information, contact one of the three credit bureaus, your credit union, or visit
www.annualcreditreport.com
Page 3
Online BillPayment
VISA
Auto Loans
Home Equity Line
Money Market
2502 West 26th Street
Savings
Erie, PA 16506
Mortgages
(814) 878-2500
FAX: (814) 878-2502
(800) 462-2862
www.1championford.com
E-mail: champion@ncinter.net
Credit Union Financing at the Dealership!
Auto Express
Bianchi Motors, Inc.
Bob Ferrando Ford, Lincoln, Mercury
Champion Ford Sales, Inc.
Cramer Motors, Inc.
Cunningham Chrysler
Cunningham Chrysler of Edinboro
Dave Hallman Chevrolet, Inc.
Dave Hallman Ford, Inc.
Dave Hallman Hyundai, Inc.
Dave Hallman Used Cars
Enterprise Car Sales
Fairview Chrysler, Jeep
Holiday Hours
Listed below are the days we will
be closed in observance of
upcoming holidays.
Columbus Day
Monday, October 10, 2005
Veterans' Day
Friday, November 11, 2005
Thanksgiving Day
Thursday, November 24, 2005
Ferraro Ford, Inc.
Humes Chrysler, Jeep, Dodge, Inc.
Lockwood Auto Group
Rick Weaver Buick, Pontiac, Gm
Top Gun Motors
Walker Bros. Buick, Chevrolet
Westfield Dodge City
Superior Toyota
"It's fast,easy and
really convenient!"
Said Becky, a recent member that had the
chance to experience the benefits of CUDL
Important Numbers
PHEAA Lender Code: 833489
Routing Number: 243381117
Telephone Teller: (814) 456-6231
or: (814) 877-3982
VISA: (800) 237-6211
VISA Lost/Stolen: (800) 325-3678
Debit Card Lost/Stolen: (800) 528-2273
Toll Free Number: (800) 214-8757
Website: www.egefcu.org
E-mail: info@egefcu.org
The credit union will be open
Day After Thanksgiving
Friday, November 25, 2005
Offices
Main Office
2154 East Lake Road, Erie, PA 16511
Telephone: (814) 456-6231
Fax: (814) 453-2457 or (814) 875-4600
Erie GE Plant Exts: 6640 or 3600
38th Street Branch
1623 East 38th Street, Erie, PA 16510
Telephone: (814) 825-2511
Fax: (814) 825-1145
Open Saturday!
26th & Greengarden Branch
1595 West 26th Street, Erie, PA 16508
Telephone: (814) 453-4450
Fax: (814) 455-5346
Open Saturday!
Terms and
Conditions
Christmas Eve
Saturday, December 24, 2005
In observance of Christmas Day
Monday, December 26, 2005
CUDL
Works!
(From all Promotions)
APR = Annual Percentage Rate. Terms & Rates apply.
Contact Credit Union for details. 0% APR
introductory/balance transfer rate applies for balances
transferred before January 31, 2006. Rates then
change to 3.99% APR until June 30, 2006, then
becomes 10% on July 1, 2006 for any remaining
balance. Formal VISA terms and agreement
conditions will be available at the Credit Union.
Hamot Branch
201 State Street, Erie, PA 16550
Telephone: (814) 877-6134
Fax: (814) 877-6592
Manufacturer's Assoc. Branch
2171 West 38th Street, Erie, PA 16508
Telephone: (814) 835-0000
Fax: (814) 833-4844
Grove City Office
1503 West Main St. Ext.
Grove City, PA 16127
Telephone: (724) 450-8239
Grove City GE Plant Ext: 70239
EQUAL HOUSING
LENDER
Online BillPayment
VISA
Auto Loans
Home Equity Line
Money Market
Savings
Mortgages
Page 4