CU News WINTER 2015 - Butler ARMCO Employees Credit Union

Published for the Members of Butler Armco Employees Credit Union
Winter 2015
One Sweetheart
of a Loan Rate
S
HASE
PURC
ces
nan
REfi
Effective January 1st, Southern Butler
County Community Credit Union
(SBCCCU) in Mars, PA has merged with
BAECU. The merger was approved
by both Credit Union boards, SBCCCU
membership, and the Pennsylvania
Department of Banking.
AUTO
LOAN
SPECIAL
As always, we’re giving sweet rates on your next auto loan. Whether
you’re buying a new or used vehicle, or simply want to refinance** your
high rate auto loan from another institution, we can help.
Model Year
2012-2015
2011 & older
Term
0-36 months
37-60 months
61-72 months
APR*
0.99%
1.49%
1.99%
1/4% off current rates
*Annual Percentage Rate. **Does not apply to vehicles currently financed with BAECU.
Don’t miss this special offer which ends February 28th.
AND EVEN SWEETER…
New Branch
Location!
Signature
Loan
9.99%
APR
Paying higher rates on your current credit card
balances? Want to consolidate some debt? We’re
*
taking 1% off our personal Signature Loan – now only
9.99% APR* for 42 months. This fixed-rate, term
option could save you thousands by paying off major credit
card debt and avoiding minimum monthly payments. Call today to see
which consolidation loan option is best for you.
The new branch office will offer a full line
of services including cash transactions,
loan applications and closings, new
account openings and more. An ATM
will be installed on the exterior of the
building in January and is free for all
members’ use.
BAECU – MARS BRANCH
Address:
963 Route 228 • Mars, PA 16046
Phone: (724) 779-9090
Hours:
Mon, Tue, Wed, Fri 8:30 – 4:00
Thursday 8:30 – 6:00
Experience Counts!
Critical to the success of this merger are
the four longtime employees who are
staying onboard – Dawn Scott-Barill,
Dolores Nelson, Kate Rzeszotarski, and
Tracey Wolford. We gladly welcome
these employees and all Southern
Butler County Community Credit Union
members to the BAECU family!
MARK YOUR CALENDAR!
Annual Meeting April 1, 2015
See Page 2
Attend a Seminar on Social Security
and Your Retirement
Annual Meeting
Mark Your Calendar
Regardless of when you plan to retire, Social Security will likely
be an important part of the road ahead. But many individuals
don’t realize there are options to consider when it comes to
collecting Social Security. The decisions you make now could
help you get more out of your benefits. Are you looking for more
information about how to maximize your Social Security benefits?
Join us for one of our educational seminars on
Social Security and Your Retirement.
Spring Seminar will be held:
Tuesday March 24, 2015 at 6:30 P.M.
Fall Seminar will be held:
Tuesday September 15, 2015 at 6:30 P.M.
Location:
Butler Armco Employees Credit Union
101 Hollywood Dr. Butler, PA 16001
Your plans for drawing Social Security are a critical financial
decision, and if you know the “rules of the road” it can make a
big difference in the success of your retirement journey. Whether
it’s the timing of starting Social Security or options for you and
your spouse to coordinate your income plans, the path you follow
could help you get the most out of your benefits. This seminar will
address these issues and answer more of your questions:
 What are the rules for collecting your Social
Security benefits?
 How can spouses coordinate their benefits
and possibly receive more?
 Are there different routes to take that could
potentially increase your benefit amount?
 How can Social Security fit within your
overall retirement income plan?
This no-cost, no-obligation seminar is hosted by
Chuck Headley, the MEMBERS Financial Services
Representative at Butler Armco Employees Credit
Union. For more information or to reserve your
place, call (724)-284-2020 ext. 1030. Seating is
limited, so make your reservations today.
It’s time once again for the BAECU Annual
Meeting. The Annual Meeting provides an
opportunity for you to review the Credit Union’s
2014 performance and to discuss with the Board
of Directors any comments or questions you
may have.
Voting for the positions on the Board of Directors,
Credit Committee and Supervisory Committee
will begin at the Annual Meeting and continue the
following day at the Credit Union’s main office
during regular business hours.
Absentee ballots will be available for those
unable to vote at the meeting or Credit Union
office. Request yours from any Credit Union
staff member and it will be mailed to you
beginning in March.
Please note, you must be a member to vote. If
you are a joint account holder but not a member,
stop by the Credit Union prior to the meeting
to complete our easy membership application
process. Call the Credit Union at (724) 284-2020
if you are unsure of your membership status.
Anyone interested in running for the Board of
Directors, Credit Committee, or Supervisory
Committee should notify the Nominating
Committee by January 31, 2015.
When: Wednesday, April 1, 2015
All guarantees are based on the claims-paying ability of the issuer. Representative does not specialize
in Social Security issues. For questions about your Social Security benefits, contact your local Social
Security office. Representative is neither a tax advisor nor attorney. For information regarding your
specific tax situation, please consult a tax professional. For legal questions consult your attorney.
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, IA 50677, 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.
B2MM-0911-9009SS
LOAN RATES
HOLIDAY CLOSINGS
The Credit Union will be closed to observe the holidays. The ATMs, PCTeller,
Tele-R-Phone, and Mobile Banking are always available for members’ use.
Auto
SALE RATE
2012-2015
0 – 36
0.99%
37 – 60
1.49
61 – 72
1.99
2011
0 – 60
2.25
2010
0 – 54
2.50
2009
0 – 48
2.75
2008
0 – 48
3.00
2007 & older
0 – 36
3.25
Martin Luther King, Jr. Day • Monday, January 19, 2015
President’s Day • Monday, February 16, 2015
Important Notice Change
Home Equity Loan
1st Lien 0– 602.75%
(0-85% LTV)
61– 843.10
85–1203.25
121–1803.75
2nd Lien 0– 603.75
(0-85% LTV)
61– 844.00
85–1204.25
121–1804.50
2nd Lien
0– 606.65
(85%-100% LTV)
61– 846.85
85–120
6.85
121–180
6.85
Line-Of-Credit 3.25
Effective February 1, 2015, BAECU will no longer mail out
Non-Sufficient Funds (NSF), Overdraft, and Courtesy Pay
notices. This will save your Credit Union significant money on
paper, envelopes, postage, etc. We encourage you to sign-up
for eAlerts!, our free notification service. Learn more about
this free service, and all of its benefits below.
Mortgage
Be Alert With
Call or view website for rates
Personal
Managing your Credit Union accounts is
easier and more convenient than ever
before. BAECU offers eAlerts! through our
free online banking service, PCTeller.
eAlerts! email notification system provides
you with real-time notification, via email,
as important account events occur. You
can choose when to be notified, what
information you want contained in the email, provide multiple email
addresses and even create multiple eAlerts! of the same type.
For example, you can be notified at your home email address
when your account balance falls below $100 and on your emailenabled wireless device when it drops below $20.
Term (months) APR*
Savings Secured
Signature
Line-Of-Credit
VISA
0 – 60
0 – 42
1.90%
9.99
10.50
11.75
Recreational Vehicle
New
Used
0
61
85
0
49
– 60
– 84
– 120
– 48
– 84
6.50%
6.75
7.00
7.00
7.50
Student (CU Student Choice) As low as 6.00%
DIVIDEND RATES
Avg. Daily Balance
Federally insured
by NCUA
Rate
APY**
Savings & IRA Savings
1
eAlerts! Functions Include:
• Low balance
• Non-Sufficient Funds (NSF)
• Courtesy Pay
• Overdraft transfer
• Direct Deposit
• Low available credit
• Loan payment changed
eAlerts! Benefits Include:
• More control
• Avoid unnecessary fees
• Reduce fraud risk
• Free service to all members
• Email to multiple addresses
0.01 - 50,000
50,000.01 - above
• Maturing Certificate
• Specific check clearing
• Large check card purchase
• Large credit card purchase
• Mailing address change
• Loan payment due
0.10%
0.30
0.10%
0.30
Checking
0.01 – above
0.10
0.10
0.01 – above
0.10
0.10
Christmas Club1
Certificates2
Call or view website for rates
IRAs2
Call or view website for rates
Rates as of January 1, 2015.
All information subject to change or correction at any time.
Sign up for eAlerts! at
www.baecu.com...
another free service
offered by your
Credit Union!
*Annual Percentage Rate (APR) **Annual Percentage Yield (APY)
Dividend compounded monthly, credited monthly on average end
of day balance. No dividend paid on accounts closed during the
month, except Certificates and IRAs.
1
Certificate and IRA rates are subject to change up to the time
of purchase or renewal. Normal rate changes will be made on
Wednesdays. Certificates, IRAs, and Christmas Clubs subject to
penalty for early withdrawal.
2
Fraud Reminder
2014 Annual Audit
The Credit Union has engaged Maher Duessel, CPAs, to audit our
books for 2014. As part of this audit, you may receive a request
from them to confirm your account balances. Please respond
directly to them at the following address:
One of the most prevalent crimes is
identity theft. Thieves are using a variety
of techniques to try to capture personal
information to be used illegally.
Please remember that BAECU will NEVER
ask for personal information of any kind by
phone, email or text message, or request your
user name, password, personal identification
number (PIN) of any other personal identity
information using any social networking sites.
Maher Duessel, CPAs
112 Hollywood Dr., Ste 204
Butler, PA 16001
If you do receive such a request, please return the completed form
to them promptly. If you have any questions, feel free to contact
Maher Duessel at the above address, or the Credit Union’s elected
Supervisory Committee, which consists of the following members:
Dan Green, Al McGrath and Don Uber.
Newsletter Contest
To enter, simply answer the following questions, then detach the form and return
it to the Credit Union office. Entries must be received by January 31, 2015. If
your name is drawn, you’ll win a $25 Gift Card. You must be a member to win.
1. BAECU’s Auto Loan Special has rates starting at _____________% APR.
2. BAECU has merged with _____________ _____________ Credit Union.
3. __________________ and __________________ convenience stores offer no surcharge ATMs.
Name_________________________________________________________________________________________________
Address _______________________________________________________________________________________________
Phone Number_________________________ Account Number__________________________________________________
Congratulations to the winners of our Fall 2014 newsletter contest: David Beck, Sally Hawks, & Karen Vensel. They each won a $25 Gift Card.
Contact us:
Main Office - 724-284-2020
BC3 Campus - 724-431-4614
Karns City - 724-756-6700
Mars - 724-779-9090
www.baecu.com
Main Office Hours:
Monday, Tuesday, Wednesday
9:00AM - 4:30PM
Thursday & Friday 9:00AM - 6:00PM
(Branch Hours Vary)
Here’s a New Year’s resolution you’ll want to keep...
“I Will STOP Paying ATM Fees!”
Why pay a surcharge just to get your own money? Avoid those crazy ATM fees
with these easy alternatives…
1.
Use a Credit Union ATM
BAECU is part of the CU$ ATM Alliance, which provides over 900 free
ATMs throughout Pennsylvania. Visit our ATM Locator at www.baecu.com
for a list of free ATMs where you travel.
2. Get Cash Back Using Your VISA Check Card
When you make a purchase using your VISA Check Card, you can get
cash back at point-of-sale (POS) without paying a surcharge. Simply state
“debit” when the cashier asks the type of transaction you’re performing
and then ask for cash back.
3. Visit Any GetGo or Sheetz Convenience Store
Two of the leading convenience retailers now offer no surcharge ATMs
in hundreds of locations across the region. Visit www.sheetz.com and
www.getgo.com for locations.
Surcharge Free ATMs in Butler County
GetG o
TM
from
GIANT EAGLE
BAECU
Main Office
101 Hollywood Dr., Butler
Pittsburgh Central FCU
Kuhn’s Market
20111 Route 19,
Cranberry Twp.
BC3 Student Success Center
107 College Dr., Butler
SRU FCU
235
Grove
City Rd.
BC3 Cranberry Campus
Slippery
Rock
250 Executive Dr.,
Cranberry Twp.
Mars Branch
963 Route 228, Mars
VA Hospital
325 New Castle Rd., Butler
Clearview FCU
(Behind Applebee’s)
600 Butler Crossing, Butler
Freedom United FCU
8 Northgate Plaza, Harmony
SRU Watson Hall
Slippery Rock
USX FCU
Butler Auto Auction
21095 Route 19
Cranberry Twp.
1293 Freedom Rd.
Cranberry Twp.
1694 Route 228
Cranberry Twp.
100 Freeport Rd., Butler
356 New Castle Rd., Butler
499 Evans City Rd., Butler
1329 Freedom Rd.
Cranberry Twp.
2000 Ehrman Rd.
Cranberry Twp.
103 North Main St.
Harrisville
Route 356, Sarver
107 Franklin St.
Slippery Rock
249 Pittsburgh Rd.
Butler
Route 356,
Sarver
Although the above listed non-BAECU machines are surcharge free, they are
considered foreign ATMs. The Credit Union allows up to 10 foreign ATM transactions
per month at no fee, and a $1 fee per transaction thereafter.
®
1024 North Main St.,
Butler
20110 Route 19,
Cranberry Twp.
1737 Route 228
Cranberry Twp.
Route 356, Sarver
204 Seven Fields Blvd.,
Seven Fields
Year-End Tax Information
Direct Deposit of Tax Refunds
The IRS estimates that
tax refunds disbursed
via Direct Deposit arrive
up to three weeks
sooner than those
mailed out as checks.
If you would like to
take advantage of this
convenient service this
tax season, here’s all you
have to do...
IRA Fair Market Value
Your IRA Fair Market Value for December 31, 2014 appears
on your December 31st statement.
IRA Distribution Forms – 1099R
If you want your refund Direct Deposited into your
BAECU Checking or Savings account, complete the
appropriate lines on your tax return (chart shown for
example only; tax forms may vary).
Item b:
Enter BAECU’s routing number, 243379925.
These forms showing the distributions from your IRA will
be mailed to you by January 31, 2015.
IRA Contribution Forms – 5498
These forms showing your contributions to your IRA will
be mailed to you by June 1, 2015 (2014 contributions
and contributions from January 1 – April 15, 2015
for 2014). If you have a question concerning your
contributions before May, please review your statements,
then call us.
1099s
Your 1099 forms showing dividends (interest) you
earned in 2014 (if you earned $10 or more, adding all
accounts together) will be mailed to you by January 31,
2015.
Interest On Home Equity Loans
If you have a home equity loan or a loan secured by the
equity in your home, this may be tax-deductible. The
interest you paid for the year on this loan(s) is shown on
the December 31st statement. If the interest you paid is
$600 or more (on a loan by loan basis), Form 1098 will be
mailed to you by January 31, 2015.
Item c:
Put an “X” in the appropriate box for the type of account
(Checking or Savings).
Item d:
Fill in the 11 digit account number from your check (to
the right of the routing number shown above) or your 7
digit Savings account plus the 2 digit ID of your Savings
account (which is normally 00), and leave the extra
boxes blank.
Not sure if you have your numbers right?
Call or stop at the Credit Union and an Account Service
Representative will be happy to help you.
How do I know when my refund has arrived?
You can access your account history via BAECU’s online
banking service, PCTeller, at www.baecu.com, by
calling Tele-R-Phone at (724) 285-6333 or on your
mobile app.
You have until April 15, 2015 to make your IRA
contributions for 2014.
IRA REQUIRED MINIMUM DISTRIBUTION NOTIFICATION
Payments from your IRA are subject to Federal income tax withholding, unless you elect no withholding. You
may change your withholding election at any time prior to your receipt of a payment. You will need to contact
us to change your withholding election and to complete the appropriate form. Withholding from IRA payments,
when combined with other withholding, may relieve you from payment of estimated income taxes. However,
your withholding election does not affect the amount of income tax you pay. You may incur penalties under the
estimated tax rules if your withholding and estimated tax payments are insufficient. You do not need to contact
us unless you wish to make any changes to your existing allocations.