things are looking up

OCTOBER • 2014
THINGS ARE LOOKING UP
…with an MCU Auto Loan
COLUMBUS DAY SALE
OCTOBER 9 — OCTOBER 19
RATES AS
LOW AS
%
1.45
APR*
GET PRE-APPROVED.
Call 1-888-4MCU-AUTO
or visit nymcu.org today
Introducing the new
MCU Car Buying Service.
Visit nymcu.org/carbuyingservice today!
*A PR = Annual Percentage Rate. These rates are available to well-qualified borrowers when payroll deduction or direct deposit is selected as the method of repayment.
Some applicants will qualify at higher rates as determined by creditworthiness. For model years 2015-2013, your payments will consist of 60 monthly payments of
$17.29 on each $1,000 borrowed at 1.45% APR. For model year 2012, your payments will consist of 60 monthly payments of $17.51 on each $1,000 borrowed at 1.95%
APR. Some restrictions apply. Rates will increase after closing if you stop paying your loan by automatic payroll deduction or direct deposit. Rates subject to change
without notice. Competitive rates available for older models and refinances. Membership required.
Join us in Celebrating
International Credit Union Day!
It’s that time of year again! Municipal Credit Union would like to invite our
members to join us on October 16, 2014 in celebrating the 66th annual
International Credit Union Day (ICUD).
We are proud to say that the credit union movement is stronger than ever and
benefiting more people every day. In fact, in 2014 it was confirmed that there
are now 100 million credit union members in the United States alone!
In honor of this year’s ICUD theme of “Local Service, Global Good” MCU is
continuing its tradition of supporting the American Cancer Society’s Making
Strides Against Breast Cancer fundraising initiative throughout the month
of October.
According to the New York State Department of Health, each year nearly
15,000 women are diagnosed with breast cancer and almost 2,700 women
die from the disease. Join MCU in this fight against breast cancer and help
us reach our goal of raising $15,000 throughout the month of October!
Stop by a branch and
get involved!
Make a suggested donation of $2.00
throughout the month of October
and receive an MCU Making Strides
Against Breast Cancer wrist band.
To learn more about
MCU’s partnership with
the American Cancer
Society and how you
can get involved in the
fight against breast
cancer, go to nymcu.org.
It’s also our birthday!
Join us at your local branch
on October 16th and help
us celebrate!
Pick up a
birthday/member
appreciation
cookie and pink
breast cancer
awareness pen.*
98
*While supplies last.
1916-2014
5
Things to Know:
Protecting Your Online Security
More than 13.1 million people became victims of identity theft in
2013.* That’s a new victim every two seconds! Don’t put yourself at
risk. Knowing these tips can help protect your information on the web.
1. Frequently change and diversify your passwords. This is the easiest way to
keep hackers from accessing online banking and other important web portals with information
stolen from less secure sites, such as social media platforms.
2. Keep software up-to-date. Updating your mobile apps and computer programs
regularly can help eliminate bugs and prevent potential glitches.
3. Beware of unsecured networks. These networks often offer users free wi-fi in
public places but can also leave you vulnerable to attacks. Always refrain from making online
purchases or any other transaction involving your personal or financial information while using
one of these networks.
4. Secure your email account by using a two-step
5. Use secure websites. Be sure to check for an encrypted
verification process. This extra layer of security will make it
even more difficult for hackers to gain access to your account.
connection, especially for emails, banking and online payments.
A secure website is indicated by “https” before the URL, rather
than “http.” A padlock symbol on the top or bottom of the
screen is also a good sign.
*According to the 2014 Identity Fraud Study released by Javelin Strategy & Research. Javelin Strategy & Research, a Greenwich
Associates LLC company, provides strategic insights into customer transactions, increasing sustainable profits for financial
institutions, government, payment companies, merchants, and other technology providers.
The Results are in:
Talk to Your Kids about Finances!
According to the 2014 MoneyMatters survey,
young people who have knowledge of financial
literacy and hold a checking account are:
• More responsible with loans and credit
• More financially cautious
• Less accepting of debt as a necessity
• Less fixated on possessions
• More averse to incurring debt
Not sure how to start the conversation? Visit our Resource
Center at nymcu.org/resources for tips and ideas!
IN YOUR COMMUNITY
In case you missed it…
MCU proudly sponsored the 2014 Celebrity-Civil
Service Softball Challenge at MCU Park in Coney
Island on August 19, 2014. The event brought New
York City civil servants and more than 20 celebrities
together for an entertaining game in order to raise
awareness for the Tic Toc Stop foundation.
Founded by WFAN’s Craig Carton of the Boomer
and Carton morning sports talk radio program,
Tic Toc Stop is dedicated to improving the lives of
those living with Tourette’s Syndrome.
In addition to its sponsorship, Chairman of the
Board Mark Brantley, Esq. represented MCU in a
check presentation of $5,000 to the Tic Toc Stop
foundation at the conclusion of the game.
Board of Directors
Mark S. Brantley, Esq. Chair
Hon. Sylvia G. Ash, 1st Vice Chair
C. Richard Wagner, 2nd Vice Chair
Caroll Duncanson, 3rd Vice Chair
S. Nana Osei-Bonsu, Treasurer
Shirley Jenkins, Secretary
James Durrah, Asst. Treasurer
Mario Matos, Jr., Asst. Secretary
Tessa I. Hackett-Vieira, Director
Loretta Y. Jones, Director
Beryl Major, Director
Joy S. Schwartz, Director
Thomas E. Diana, Director Emeritus
Supervisory Committee
Giovanni Porcelli, Chairman
Karen Lucas, Secretary
Almeta Coaxum, Member
Joseph Guagliardo, Member
Cheryl Wright, Member
Executive Management
Kam Wong, President/CEO
Thomas Siciliano, General Counsel
Richard Casamassa, SVP/Member
Service Operations
Norman Kohn, SVP/Chief Credit Officer
Carole A. Porter, SVP/Chief Retail
Banking Operations Officer
Kim Thompson, SVP/Chief Human
Resources and Labor Relations Officer
Senior Management
Anie Akpe, VP/Real Property
William Birnbach, VP/Member
Service Operations
Ahmed Campbell, VP/Loan Operations
Corey Fernandes, VP/Business
Development and Member Relations
Urmilla Jorawar, Chief Internal Auditor
Steven Kibitel, VP/Marketing
Amy Kong, VP/Risk Management
Linda Lambert, VP/Finance
John Parrinello, VP/Collections/
Loss Prevention
Agnes Payadue, VP/Retail Banking
Operations/Contact Center
Janet Perkins, VP/Process Engineering/
Innovation
Robert Soloway, VP/Technology
MCU Chairman of the Board Mark Brantley (right) presents a $5,000 donation
to Tic Toc Stop President and Founder Craig Carton (second from right) after
the Celebrity-Civil Service Softball Challenge on August 19, 2014. MCU
Spokesperson and Mets Hall of Fame pitcher John Franco (second from left)
and Fox Five’s Good Day New York co-host Rosanna Scotto (left) were also in
attendance during the presentation.
PERSONAL LOAN RATES
Loan Type
Amount Financed
Term
Unsecured Loan
Unsecured Loan
Unsecured Loan
$1,000–$15,000
$15,001–$50,000
$15,001–$50,000
Auto-Pay Monthly Payment Per
APR*
$1,000 Borrowed
Up to 60 Months
Up to 60 Months
Up to 72 Months
7.90%
8.90%
9.50%
$20.24
$20.72
$18.29
AUTO LOAN RATES
Loan Type
Maximum Amount Financed
Term
Auto-Pay Monthly Payment Per
APR*
$1,000 Borrowed
New Cars
2015–2013
2015–2013
2015–2013
125%
125%
125%
Up to 60 Months
61-66 Months
67-72 Months
1.95%
2.25%
2.25%
$17.51
$16.13
$14.87
Pre-Owned Cars
2012
2012
2012
125%
125%
125%
Up to 60 Months
61-66 Months
67-72 Months
2.25%
2.55%
2.55% $17.64
$16.26
$15.00
Rates may be higher based on applicant’s credit worthiness. Rates and terms are subject to change without notice. Certain restrictions may apply.
MCU only finances vehicles purchased from a car dealer: We do not offer financing for private sales, individual sales or lease buyouts.
*Auto-Pay: When direct deposit or automatic payroll deduction is utilized as the method of loan repayment. Annual percentage rates for auto loans
will increase by 1/2 % after consummation if automatic payroll deduction or direct deposit is cancelled. Annual percentage rates on unsecured
loans will increase by 2% after consummation if automatic payroll deduction or direct deposit is cancelled. Late payment fee: $25.00.
APR = Annual Percentage Rate.
Outside the Five Boroughs/
Long Island
(800) 323-6713
Application Express:
(800) LOAN-MCU
LOAN BY FAX:
(212) 238-2699
MCU AUTONET:
888-4MCU-AUTO
VISA Information:
(800) 481-7338
Mortgage and Home Equity
Information: (212) 238-3521
Deposit Account Information:
(212)-693-4900
New Member Line:
(866) JOIN-MCU
VISIT OUR WEBSITE:
www.nymcu.org
Municipal Credit Union is an equal housing lender.
NOTICE FROM THE SUPERVISORY COMMITTEE
The Supervisory Committee has established a
procedure; whereby, members can confidentially submit
concerns regarding questionable accounting or auditing
matters, as well as concerns impacting on internal
controls. Correspondence should be sent to:
PHONE NUMBERS:
MCU’s Automated Service –
Touch Tone Teller:
Within the Five Boroughs/
Long Island
(212) 693-4900
Municipal Credit Union
Supervisory Committee/Internal Audit Department
Post Office Box 3418, New York, NY 10277-1863
Attn: Giovanni Porcelli, Chairman
Phone: 212-238-3573 Email: gporcelli@nymcu.org
NCUA Your savings federally
insured to at least $250,000
and backed by the full faith and credit of
the United States Government. National
Credit Union Administration, a U.S.
Government Agency.
For complete information concerning our
savings programs, contact the credit union
for a “Truth-in-Savings” disclosure.
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