January 2016 Member Newsline - Mid Hudson Valley Federal Credit

JANUARY 2016
Newsline
MEMBER
MHVFCU.com • 845.336.4444
STUDENT LOANS
A Better Way to Pay for College
CU Student Choice Private Student Loan Solution
With zero origination fees, lower interest rates and flexible repayment
options, it is easy to see why our private student loan solution is a
better way to pay for college. Whether you are a student yourself or
the parent of a student, MHV is here to help.
Our CU Student Choice private loan solution helps to fill funding
gaps that federal aid can leave behind. Plus, with our competitive
rates we can help you save money too.
Learn more about our student lending solutions and about
our full-range of products designed just for young adults at
mhvfcu.com/youngadult.
FREE WEBINAR
FAFSA: Before – During – After
Powered by CU Student Choice
Join us and CU Student Choice as we help to educate families
about the financial aid process. This informational webinar will
take college-bound students and parents through each step
of completing the FAFSA – their gateway to free financial aid.
Register online at mhvfcu.studentchoice.org to attend Wednesday,
January 20th at either 1:00 p.m. ET or 6:00 p.m. ET.
Want to PAY OFF
your Holiday Bills?
Plus!
ENTER TO WIN
$2,500!**
Apply Now!
6
AS
LOW
AS
.99
%
APR *
36 Month
Personal
Loan
To Pay Off Your
Holiday Debt
ENTER DAILY ON OUR FACEBOOK PAGE
AT FACEBOOK.COM/MHVFCU
845.336.4444
MHVFCU.com/holidaybills
Newsletter_1st quarter_2016.indd 1
*APR = Annual Percentage Rate. Offer valid for members in good
standing and on new loans, refinances from another institution,
or MHV refinances advancing a minimum of $2,500 in new
monies applied for from January 1 until March 31, 2016 subject
to change or terminate at the discretion of MHV. Maximum
loan amount of $10,000. Advertised rate based on credit
qualifications and rate reflects .25% discount for automatic
payments from your MHV savings or checking account. As an
example, a 36-month term with a fixed rate of 6.99% APR
would result in an estimated payment of $30.88 for each $1,000
financed. **Ask us or visit mhvfcu.com/holidaybills for details.
12/17/2015 1:37:03 PM
INVEST & INSURE
Set up your complimentary
retirement analysis today.
Sal Bocchimuzzo, CFP®
MHVIRC Financial Advisor
845.336.4444 x. 3166 or 3126
Jason Netrosio
MHVIRC Financial Advisor
845.336.4444 x. 3166 or 3126
ATTEND A FREE SEMINAR!
INCOME FOR LIFE
Guaranteeing
Retirement Income
that Lasts a Lifetime
Tuesday, January 26, 2016 @ 6pm
CUC Branch
1099 Morton Blvd., Kingston
Presented by Sal Bocchimuzzo, CFP®
CLEAR DIRECTION ON THE
ROAD TO RETIREMENT
Wednesday, February 24, 2016 @ 6pm
CUC Branch, 1099 Morton Blvd., Kingston
Presented by Sal Bocchimuzzo, CFP®
Could Assumptions
Harm Your
Retirement Plan?
Two Misconceptions To Think About
Provided by Sal Bocchimuzzo, CFP® &
Jason Netrosio
#1) Assuming retirement
will last 10-15 years.
Historically, retirement has
lasted about 10-15 years for
most Americans. The key
word here is “historically”.
When Social Security was
created in 1933, the average American could anticipate living to
age 58 as a man or 62 as a woman. By 2014, reports indicated life
expectancy for the average American had increased to 78.8.1, 2
#2) Assuming too little risk. Holding onto your retirement money
is certainly important; so is your retirement income and quality of
life. As you retire, you may assume that an extremely conservative
approach to investing is mandatory. But given how long we may
live - and how long retirement may last - growth investing may be
important. Please call or email to set up an appointment to review
or create your retirement plan today. Sal & Jason may be reached at
845-336-4444 ext. 3166 or mhvirc@mhvfcu.com.
This material was prepared by MarketingLibrary.Net Inc., and does not necessarily
representtheviewsofthepresentingparty,northeiraffiliates.Thisinformationshould
not be construed as investment, tax or legal advice. All information is believed to be
from reliable sources; however, we make no representation as to its completeness
or accuracy. Please consult your Financial Advisor for further information.
1. www.ssa.gov/history/lifeexpect.html [1/28/14]
2.www.usatoday.com/story/news/nation/2014/10/08/us-life-expectancyhits-record-high/16874039/ [10/9/14]
Representatives are registered, securities are sold, and investment advisory
services offered through CUNA Brokerage Services, Inc. (CBSI), member
FINRA/SIPC, a registered broker/dealer and investment advisor, 2000 Heritage
Way, Waverly, Iowa 50677, toll-free (866) 512-6109. Nondeposit investment
and insurance products are not federally insured, involve investment risk,
may lose value and are not obligations of or guaranteed by the financial
institution. CBSI is under contract with the financial institution, through the
financial services program, to make securities available to members.
Time to Trim Your Insurance Costs
Once you’ve settled on an insurance plan, it’s tempting to
just stick to what you’ve got. But if you review your coverage
options regularly, you may find there are ways to cut back on
your insurance costs. For example, initial rates for car insurance
are higher if you took out a loan and need both comprehensive
and collision coverage. But once the car is paid off, you may be
paying for more insurance than you really need.
845.943.5540 • mhvfcu.com/InsuranceAgency
Newsletter_1st quarter_2016.indd 2
Now is a great time to review your insurance options.
Let us help you find the best insurance rates available.
We offer a variety of insurance products, and we’ll
compare a wide range of top-rated carriers to ensure
you receive the best plan for the best price. Visit mhvfcu.
com/insuranceagency or call us at 845.943.5540 for a noobligation quote today.
Enjoy a complete line of insurance solutions from top-rated carriers:
12/17/2015 1:37:07 PM
BUSINESS LOANS
ADDED PROTECTION
NEW PERK!
Cell Phone Protection
Need Funding to Grow
Your Business?
Successful business growth begins with understanding the
best financing options available to you. An MHV Business
Lending Representative can walk you through our wide-range
of business lending options and help you develop a customized
funding solution. Our lending products include Business VISA
Credit Cards, Term loans, Commercial Mortgages and more. Call
us at 845.336.4444 to make your appointment today or email
mhvbusiness@mhvfcu.com.
Now get Cellular Telephone Protection as part of the Perks
Package. This coverage offers up to $300 per claim if you should
damage or lose your cell phone (up to 2 claims per year)! Learn
more about the Perks Package as part of any MHV checking
account at mhvfcu.com/perks.
MORTGAGES
Big Plans for 2016?
Home Equity Loans & Lines
are great for:
Home
Improvements &
Additions
Wedding or
Big Events
College
Expenses
Vacations
Debt
Consolidation
Rental or
Vacation Homes
Check rates and apply at:
mhvfcu.com/homeequity
Preparing to Buy a Home
You probably know how much you could reasonably spend on a night
out, but when it comes to home prices, it becomes a lot less clear.
Getting help with those numbers is just one of the many
reasons your first step in the home buying process should be to
contact an MHV Mortgage Originator and get pre-qualified.
A mortgage originator can help you identify a price range that
is reasonable for your lifestyle and even help set a budget for your
home purchase. Plus, pre-qualifying for a home loan will give you
additional leverage with the seller since they know you’re serious
about purchasing. Mortgage experts are also excellent resources for
trustworthy agents and brokers.
Make an appointment today! Call us at 845.336.4444 or visit
mhvfcu.com/mortgage to apply online.
IMPORTANT REMINDER: MHV debit and credit card holders will receive new EMV chip cards by Spring 2016.
For more information visit mhvfcu.com
Newsletter_1st quarter_2016.indd 3
12/17/2015 1:37:08 PM
MHV Culture Committee Congratulates WOW WINNERS!
August: Jeanne (Rhinebeck)
was nominated for quickly resolving an
issue activating a member’s debit card.
CHAIRMAN’S
AWARD for Talent
Congratulations
to Pat at Credit
Union Center,
for winning the
3rd Quarter
Chairman’s Award
for TALENT, as
announced by
Gary Anderson, Chairman of the
Board. Pat began her career at MHV
2 ½ years ago. Pat was recognized for
her dependability as a team member
by always making herself available
to assist employees at MHV.
September: Shannon (Highland)
was nominated for volunteering in a local
community sports program.
October: Yvee (Newburgh)
was nominated for preventing a
fraudulent check from being cashed.
IRAs
Annual Meeting Announcement:
Invest in your
Retirement
with an IRA
2016 ANNUAL
MEETING
April 7, 2016 at 4:00 p.m.
Credit Union Center at
1099 Morton Blvd., Kingston
Open an IRA account at MHV
Join us for a review of MHV’s 2015
fiscal year and upcoming plans.
The nominating committee has named
the following nominees:
Gary Anderson, Elizabeth Carr, John Kelly
Reservations are required.
Please call 845.336.4444 x3238
or email Seminars@mhvfcu.com.
• Insured up to $250,000 by the National
Credit Union Administration (NCUA)
• No annual fee
• Plus, you may be able to minimize
your tax liability with an IRA.
Find out more about IRAs by stopping
into any MHV branch or calling
845.336.4444
*Consult a tax professional to find out if your
contributions are tax-deductible.
Know Before You Go
For information on MHV Branch and Call Center closings
and delays due to inclement weather, please check mhvfcu.com
or tune into the following local FM radio stations:
101.5 WPDH, 106.1 WPDA: WPDH
92.7 WRRV, 96.9 WRRB: WRRV
97.7 WCZX: Mix 97.7
94.3 WKXP, 97.3 WZAD: The Wolf
You can also check: HudsonValleyClosings.com, Facebook, Twitter
Credit Union Center (CUC)
1099 Morton Boulevard, Kingston, NY 12401
Mailing Address: PO Box 1429, Kingston, NY 12402-1429
Phone: 845.336.4444 • 800.451.8373 Fax: 845.336.4448
E-mail: Contact Us@mhvfcu.com
Administration
8 am-5 pm
Mortgage Center
8 am-5 pm or by appointment
MHV Investment & Retirement Center
8 am-5 pm by appointment, x 3166
Mid-Hudson Valley Insurance Agency
845.943.5540
Routing & Transit (ABA) Number: 221976243
Newsletter_1st quarter_2016.indd 4
If the weather is bad, check our website first before venturing out!
Board of Directors
Gary Anderson, Chairman
Angelo A. Fasano, 1st Vice Chairman
John Kelly, 2nd Vice Chairman
Joseph Marino, Treasurer
Stephen Swanson, Secretary
Betty Carr, Thomas Fox, William A. Ryan, Roger Miller
Board Members Emeritus
Frederick W. Bell, Gordon L. Craw, Frank R. Jankowski
Norman E. Nitschke, Paul A. Pavlovich, Joseph T. Aiello
Supervisory Committee
Robert Pfeiffer, Chairman
Douglas Burt, Betty Carr
Senior Officers
Wayne T. Winkler, CCE
President/CEO
Patti Osterhoudt, CCE
Senior Vice President/COO
Robert Michaud, CFMP
Senior Vice President/CMO
Christopher Corallo, CCE
Senior Vice President/CFO
Stephen A. Carle
Senior Vice President/ CLO
David Kellogg
Senior Vice President/ CTO
Branch Holiday Closings:
MARTIN LUTHER KING DAY
Monday, January 18th
Personal Teller Service Available
PRESIDENT’S DAY
Monday, February 15th
Personal Teller Service Available
EASTER HOLIDAY
Saturday, March 26th
Personal Teller Service Available
Federally Insured by NCUA
12/17/2015 1:37:10 PM