Newsletter July 2010.pub
Transcription
Newsletter July 2010.pub
July, 2010 Newsletter Volume 6, Issue 3 Inside this issue: ⇒ Loan Special ⇒ Checking Accounts ⇒ 0% Financing ⇒ Lost or Stolen Cards ⇒ Do’s and Don’ts of Vehicle Shopping ⇒ Shop America Christmas in July ⇒ 2010 Office Closings Independence Day Observed July 5 ON NEW VEHICLES Labor Day September 6 Columbus Day October 11 ON USED VEHICLES THEN TAKE AN EXTRA .25% APR OFF ∗ Veteran’s Day November 11 Thanksgiving Day November 25 FOR EACH OF THESE Day after Thanksgiving November 26 ACTIVE SERVICES AT RMECU: Christmas Eve Observed DIRECT DEPOSIT OF NET PAY TO CHECKING ∗ ∗ ACTIVE VISA CREDIT CARD HOME EQUITY LINE OF CREDIT • December 23 Close at 12:30 pm Christmas Day Observed December 24 New Year’s Day Observed December 31, 2010 Page 2 Newsletter It’s always been easy to have a CHECKING ACCOUNT at RMECU with NO MONTHLY FEE NO MINIMUM BALANCE DIRECT PAYROLL DEPOSIT CONVENIENT DEBIT CARD DISCOUNTED LOAN RATES WITH DIRECT DEPOSIT OF NET PAY Now it’s even easier with ONLINE BANKING and BILL PAY Come in and open a CHECKING ACCOUNT today and see how easy financial life can be. Rebate A rebate with a RMECU loan may save you more than 0% financing on your next auto. Fewer than 1 out of 10 people who want 0% financing get it. And if you take the 0%, you give up the rebate—which usually is the better deal along with a RMECU loan. Or 0% LOST OR STOLEN RMECU CREDIT OR DEBIT CARD REMINDER Don’t forget to call our office at 815-316-4655 if your VISA credit card or debit card from RMECU is lost or stolen. Only our office can authorize a new card to be issued. You should also report a lost or stolen credit card to 800-322-8472 so that the proper safe-guards are put in place to protect against fraudulent charges. Contact LuAnn Panozzo if you have any questions about your card accounts. Volume 6, Issue 3 Page 3 DOS AND DON’TS OF VEHICLE SHOPPING • Contact RMECU to be pre-approved for a loan • • Discuss financing options like payroll deduction, direct debit of payments and transfer payments with RMECU Go to the dealership before you’re preapproved with RMECU • Purchase a new or used vehicle without contacting RMECU first • Consider a comfortable monthly payment range • • Have RMECU give you an accurate NADA value for your trade Give the dealer your social security number to pull your credit report up front — you’re already pre-approved with RMECU • Obtain a free NADA vehicle pricing report from RMECU online at www.rmecu.net • Discuss your trade value before negotiating a price • Obtain a pre-approval certificate from RMECU and present it to the dealer • Over estimate the amount of car you can afford • Start negotiating down from the sticker price, rather from the invoice price • Believe that the “car will be gone tomorrow” if you don’t buy tonight • Research dealership reviews before arriving • Ask which fees are negotiable • Test drive the specific vehicle you have agreed to purchase • Feel pressure to finance or purchase with any dealership • Negotiate cost reduction for scratches, dents and wear and tear on used vehicles • Fall for how easy it is to refinance later — you’ll have to pay the Secretary of State fees again • Let RMECU review your purchase order for errors or inconsistencies • Let your emotions run the negotiation • Protect your investment with affordable payment protection from RMECU • Buy a vehicle without knowing the history • Buy new instead of used just for the sake of a warranty • Believe that Mechanical Repair Coverage (MRC) is void at dealerships (it’s not!) • Ask us about GAP coverage, which provides additional payoff protection in the event your car is totaled or unrecovered if stolen • Avoid expensive repairs by purchasing low cost Mechanical Repair Coverage from RMECU • Over pay for an extended warranty or auto protection plans • Have a used vehicle evaluated by an independent mechanic prior to finalizing the purchase • “Take the dealer’s word for it.” They’re for profit and RMECU is not! OFFICE 634 N. Church Street Rockford IL 61103 Phone: 815-316-4655 Fax: 815-316-4717 Website: www.rmecu.net OFFICE HOURS Monday through Friday Drive-up 7:30 AM — 5:30 PM Lobby 9:00 AM — 5:00 PM BOARD OF DIRECTORS Wally Parson Chairman Chuck Doyle Vice Chairman Brenda Foote Secretary Anthony Cortez Treasurer Elizabeth Asprooth Shirley Foltz Anthony Graceffa Colin Kvool Charlie McDonald David Said Terry Snyder STAFF Sara Sheahan – President Donna Seitz – Vice President Lorrie Berg Sandra Grimm-Vance Beverly Richmond LuAnn Panozzo RMECU Members: Shop, Save and Get Cash Back with Shop America It’s no secret that most people shop online these days. Thanks to a partnership with Invest in America, RMECU can help you save and get money back when you shop. Just use Shop America and get rewarded with great discounts and cash back – just for being loyal to your favorite online stores. With Shop America, members like you have access to more than 1,200 online retailers, including some of the largest and most popular, giving you major discounts when you shop. And every time you earn $10 or more in cash back from your purchases, you’ll get a check as a thank you! So whether you’re looking to shop online with Target, Macy’s, Best Buy, Apple or hundreds of other stores, you can save and get paid to shop. Don’t forget to make your Shop America purchases with your RMECU credit or debit card. Shop America. Shop anytime. Online access. Visit www.lovemycreditunion.org/Shop_America_585.html for details on Shop America and the other Member Rewards partner offers from Invest in America. CHRISTMAS IN JULY? If you haven’t already started a Christmas Club, now is a good time to do it. You still have several months before Christmas. It’s easy to save through payroll deduction and your Christmas Club balance will automatically be sent to you or transferred to your regular savings on November 1 so you’re ready to shop early. Stop by for more information or to open your club account.