summer fun issue summer fun issue - Franklin Mint Federal Credit

Transcription

F R A N K L I N
M I N T
F E D E R A L
C R E D I T
U N I O N ’ S
M A G A Z I N E
Choices
ISSUE 2, 2007
®
SUMMER FUN ISSUE
EMILY, ADAM JR., ADAM
AND JACQUI PRIEST
MEMBERS SINCE 2003
See the USA
your way
FMFCU offers loans
for ALL KINDS of vehicles
3 TIMES IS
A CHARM
25,000 MORE
"FMFCU" ATMs
GOING THE
EXTRA MILE
CABIN
FEVER
MORTGAGE
MISTAKES
OFFICIAL FRANKLIN MINT FEDERAL CREDIT UNION PARTNER
p r e s i d e n t ’s u p d a t e
Choices
®
FRANKLIN MINT FEDERAL CREDIT UNION’S
MAGAZINE
ISSUE 2, 2007
Publisher
John D. Unangst
Dear FMFCU Family,
Summer used to be a time when we kicked back and slowed down, but
that doesn’t seem to be our way of life any longer. Here at the Credit
Union, we continue to work to make a difference in your financial world.
If you've ever wondered whether there's really a difference between
a bank and your Credit Union, I hope this issue of Choices settles it.
It's better to be a member than a customer
Managing Editor
Laurie Long
Executive Art Director
Peter Richardson
Executive Editor
Jim Murphy
Supporting Editors
Christine T. Bicking
Cindy Wanamaker
Photography
Lien-Nibauer Photography
Charlene Barth, American Candids
Circulation: 60,000 Members and Business Offices
For permission to reproduce any article in this
magazine, to request advertising information or
to submit a Letter to the Editor, contact:
Read on to learn how our staff routinely goes the extra mile for our
members. You'll see how modifying an auto loan saved a teacher
$20 a month … how FMFCU helped a couple build their dream vacation
home, in spite of some obstacles … and how we are assisting members
who may be unsure of prepayment penalties with mortgages they hold
elsewhere.
Also, get a close-up look at some points to consider if you are part
of "The Sandwich Generation," balancing kids and aging parents. And
don’t forget to have fun this summer and review some great online city
guides designed to make your travel easier and more enjoyable. We
have also expanded our ATM network, so you can get to your funds,
no matter where your travels take you!
As always, let me know what you think of this issue. And be sure to
give me any story suggestions for the future. Just e-mail me at the
address below.
Sincerely,
Choices Magazine
1974 Sproul Road, Suite 300
Broomall, PA 19008
610-325-5100
610-325-5299 (fax)
fmfcu@fmfcu.org
Choices is the official magazine of Franklin Mint
Federal Credit Union. It is published for the benefit
of our current and prospective members and
partnering organizations. The information presented
is as accurate as possible, but as with all financial
matters, you should consult your financial, tax or
other advisors before implementing any of the ideas
presented. For specific information about any FMFCU
product or service mentioned, please visit our Web
site at www.fmfcu.org. You can also call the Member
Service Center at 610-325-5100 (for calls originating
outside of PA, call toll-free 1-800-220-3193).
© 2007 Franklin Mint Federal Credit Union.
COVER PHOTO:
Whenever they can,
Adam and Jacqui Priest
pack their camper, hook
it up to their Chevy truck,
and head out of town
with the kids. They
bought the camper and
a motorcycle through
FMFCU, and refinanced
the truck.
John D. Unangst
President/CEO
johnunangst@fmfcu.org
w h a t ’s i n s i d e
14
Road Sage
6
Great Travel Guides
9
Going the Extra Mile
10
Cabin Fever
11
Profile: Crozer-Keystone
Health System
14
Members' Forum
16
Family Finances
12
Sandwich Generation
20
Newsbriefs
18
Real Life 101
22
Consumers' Corner
24
departments
3
SPECIAL CAR-BUYING/VACATION SECTION
3 TIMES
IS A CHARM
The Priest family has financed a camper, motorcycle & truck through FMFCU
F
MFCU MEMBERS Adam and Jacqui Priest of
Folcroft, Delaware County, stay on the move.
First, their jobs as a Crozer-Chester paramedic
and Taylor Hospital ER nurse, respectively, keep them
hopping.
Then on their days off, they pack Adam Jr., 3,
and Emily, 2, into their camper, hook it to their Chevy
truck, and head for the great outdoors.
4
Adam also has a 2003 Harley-Davidson Road
King he takes on daytrips to the beach or
mountains. But he rides it less now that he has
children … and a camper.
To date, the farthest the Priests have driven the
camper is to Otter's Lake near Stroudsburg, PA.
Someday, they hope to take it to Myrtle Beach, SC,
Disney World and the Adirondack Mountains in
"I'm definitely big into teaching
the kids about nature and the
outdoors," Adam says.
The Priests pack up and go whenever
they can. Relaxing here with their camper
(left to right) are: Emily, Jacqui, Adam and
Adam Jr. Adam Priest also likes to take
daytrips on his motorcycle. But there's less
time for that nowadays.
New York.
The Priests want to help their children experience the
world around them. "I'm definitely big into teaching the kids
about nature and the outdoors," Adam says.
From a leaky tent … to a cozy camper
Jacqui and Adam bought the camper after getting soaked
in a tent during a trip to Knoebels Amusement Park in
Northumberland County. "The camper is the best thing we've
ever bought," Jacqui says. Now they usually travel with friends
who also have campers …and children to play with theirs.
For the kids, the camper "is like their own little playhouse."
The Priests have camped so much that they have packing and
unpacking down to a science. "We just add clothing and
toiletries and we're on our way," Adam says.
Eventually, Adam says, he'll give the children their own
jobs for camper set-up.
Big savings on financing
Adam and Jacqui brought the motorcycle and camper through
FMFCU, and refinanced the truck with the Credit Union, saving
2% off the dealer's interest rate. They also bought the camper
at 1% less than the dealer offered. As a result, Adam
convinced a co-worker at Crozer-Chester to finance his camper
through the Credit Union, too.
"Pat Herko (Branch Manager at Taylor Hospital) was
great," Adam says. "She helped us out, gave us options and
showed us what we could do."
Now the Priests are showing their kids the world — one
weekend trip at a time.
5
ROAD SAGE
Your quick guide to new wheels, fast financing and top travel sites!
1. WHEELIN' & DEALIN'
taken+by+car&hl=en&ct=clnk&cd=3&gl=us
SUMMERTIME IS TRAVEL TIME
Whether you're traveling by car, motorcycle, RV, train, bus, plane or ship —
summer is a great time to get the family
together and just go! It's when about
one-third of all vacations take place.
So Choices has put together these
timely tips to make your summer travel
easier and more enjoyable … and cut
your costs, too!
Since 88% of U.S. vacation trips are
taken by car, we'll start with ways to
get the car (or other vehicle) you want
fast, and help you save money along
the way.
http://www.aaanewsroom.net/Main/Default.as
p?CategoryID=8&ArticleID=392
CHOOSE FROM 250 VEHICLES
In Henry Ford's day, you could get any
color car you wanted, as long as it was
black. (Black still is the third most popular auto color, behind silver and white.)
Last year, the Continental Chroma
Sources:
http://72.14.205.104/search?q=cache:u0Pxef
QD4akJ:www.aaanewsroom.net/Assets/Files/
2007227124770.Darbelnet_easyacess_
0207%2520.doc+percent+of+vacation+trips+
WHY SHOULD YOU GET YOUR
NEXT AUTO LOAN FROM FMFCU?
collection from DuPont, the world's
leading supplier of color coatings to the
automotive industry, included some 70
colors in six color families.
General Motors alone now sells cars
in five different hues of blue, such as
transition blue metallic, passage blue
metallic, imperial blue metallic, traverse
blue metallic and pace blue.
But Ford, the father of the assembly
line, would be equally shocked at the
astonishing variety of vehicle choices
available today to U.S. consumers. The
96-page April 2007 issue of Consumer
Reports reviews over 250 vehicles
(including 28 new ones) in 10 separate
categories: fun-to-drive, small SUV,
small sedan, small family sedan, minivan, luxury sedan, midsized SUV, budget
cars, green cars and upscale sedans.
How do you deal with this mindboggling number of choices? Save time
by doing your research on the Internet.
More than 70% of shoppers now go
online as part of the car shopping
process.
Sources:
http://www.carlist.com/blog/?p=133
http://www2.dupont.com/Automotive/en_US/
news_events/article20061129.html
http://autos.aol.com/article/luxury/v2/_a/
luxurious-color/20060726103209990001
http://dealers.cars.com/ask_the_experts.
php#111
http://www.consumerreports.org:80/cro/cars/
index.htm
Because FMFCU offers:
Loan decisions in seconds
Competitive rates on new and used cars
Terms up to 84 months on new cars
100% financing
FREE Auto Express Check
Guaranteed Asset Protection (GAP)
JUST AIM YOUR MOUSE AT
FMFCU'S NEW VEHICLE CENTER
Insurance
FREE automatic payment deduction
Auto Equity Loans
The ability to take dealer’s rebate
ROBERT DIETRICH
MEMBER SINCE 1995
Apply for an auto loan online!
Go to http://www.fmfcu.org/autoexpress
FRANKLIN MINT
FEDERAL CREDIT UNION
The Credit Union of Choice! ®
www.fmfcu.org • 610-325-5100
6
Use your fingers and save your feet.
Get the facts and figures you need at
FMFCU's new Vehicle Center,
www.fmfcu.org. Here you can research a
vehicle and get a price, obtain a history
report, learn what you need to know
about Guaranteed Asset Protection
(GAP) and lemon-check used cars.
You can also get answers to
Frequently Asked Questions, apply for
a loan, get an Auto Express Check, and
even try no-hassle car buying offered
through our free Motor Vehicle
Certification Program (MVCP). It's all
here … in one place. Note: Mac users
may need to use Firefox to see the
research page.
QUESTION: WHICH IS BETTER …
AN AUTO REBATE OR LOW RATE?
Should you take a dealer's financing, or
would a manufacturer's rebate with an
FMFCU loan save you money? It's easy
to find out. Just use the Auto Rebate
vs. Low Interest Financing calculator
on FMFCU's Web site. You'll have the
answer in seconds. And it may surprise
you.
WHAT TO DO ABOUT THAT
PESKY "CHECK ENGINE LIGHT"
The good news is that eight out of ten
times, all you have to do is tighten the
gas cap to make it go away. You also
may want to make sure your oil dipstick
is pushed down all the way.
The best advice: if the light comes
on, you've checked the gas cap and
there are no additional symptoms, you
should schedule an appointment.
But if you notice symptoms (the
vehicle is hard to start, slow to accelerate, has black smoke pouring out, or the
light is blinking), you should get it to
your mechanic or dealer right away.
Sources:
http://autos.msn.com/advice/CRArt.aspx?con
tentid=4023747
http://www.bankrate.com/brm/search/storyautos.asp
NEW CAR KEYS ARE
VERY COSTLY TO REPLACE
If you buy a new car, be careful not to
lose your car keys. Replacing them can
easily cost you hundreds of dollars …
or more!
FORD
That's because today's new high-tech
keys help keep your car from being
stolen. USA Today says, "The keys communicate electronically in a unique code
that can't be duplicated."
Some new keys can tell you if your
CAR QUOTES
" Teach a child to be polite and courteous in the home, and, when he grows
up, he will never be able to edge his car onto a freeway."
— ANONYMOUS
3
" I want to die in my sleep like my grandfather … Not screaming and yelling
like the passengers in his car."
— WILL SHRINER
3
" When a man opens a car door for his wife, it's either a new car or a new wife."
— ANONYMOUS
3
“I replaced the headlights in my car with strobe lights, so it looks like I'm
the only one moving.”
— STEPHEN WRIGHT
3
“Did you ever notice when you blow in a dog's face he gets mad at you?
But when you take him in a car he sticks his head out the window?"
— STEVE BLUESTONE
3
" Car designers are just going to have to come up with an automobile that
outlasts the payments."
— ERMA BOMBECK
3
" The shortest distance between two points is under construction."
— NOELIE ALTITO
3
" A man is hit by a car while crossing a Beverly Hills street. A woman rushes
to him and cradles his head in her lap, asking, 'Are you comfortable?' The
man answers, 'I make a nice living.' "
— MILTON BERLE
3
" Walking isn't a lost art — one must, by some means, get to the garage."
— EVAN ESAR
3
" Our national flower is the concrete cloverleaf."
— LEWIS MUMFORD
Sources:
http://home.att.net/~drdipstik/quot.htm
http://thinkexist.com/quotes/with/keyword/car/4.html
http://www.hotrodscustomstuff.com/car_quotations.html
car is alarmed, or even if someone is in
it. Others allow you to start your car or
open a door without ever taking the key
out of your pocket or purse.
But you pay a price for this technology and convenience. While the rapidly
disappearing mechanical key costs $12
to replace just about anywhere, the
Center for Auto Safety says that the
average price to replace a "smart" key
in the Washington, D.C. area is more
than $150. (Costs can vary by area.) The
highest was $335 for keys to a 2004
Lexus IS300.
To that figure, you may have to add
towing and a motel or hotel fee, since
the codes are usually only available to a
car dealer. And if you lose your keys on
the weekend, you may be stuck several
days.
Legislation is now pending in a
number of states to make the key codes
more readily available. But until that
happens, keep your keys where you can
find them. And carry a spare.
Sources
http://www.usatoday.com/tech/news/techinnovations/2006-04-04-tech-carkeyscostly_x.htm
http://www.washingtonpost.com/wp-dyn/content/article/2006/03/13/AR2006031301822_pf
.html
(Continued on next page)
7
2. SEEIN' & SAVIN'
EASY RIDING
With more than 46,876 miles of highspeed road stretching all across the
country, the Interstate Highway System
makes travel effortless just about
anywhere you want to go in the U.S.
In fact, when the Pennsylvania
Turnpike/Interstate 95 Interchange Project
in Bristol Township, PA is completed
around 2009, the last piece of the original
Interstate Highway System plan will finally
be in place.
Of course, you also can see the
country by air, by rail, even by ship.
Locally, Philadelphia area residents are
fortunate to have access to the third
busiest Amtrak station in the U.S., and
the 10th-busiest airport in the world for
takeoffs and landings.
flights to: Athens, Greece; Brussels,
Belgium; and Zurich, Switzerland. The
airline also hopes to begin PhiladelphiaShanghai service in March, 2008.
NOTE: For more interesting Philadelphia
travel statistics, see Run the Numbers on
page 17.
Sources:
http://www.fhwa.dot.gov/interstate/
homepage.cfm
http://en.wikipedia.org/wiki/Interstate_Highway
_System
http://www.selectgreaterphiladelphia.com/
why/quickfacts.cfm
http://www.usairways.com/awa/content/
aboutus/pressroom/pressreleases.aspx
http://www.philly.com/inquirer/business/20070326_Southwest_gets_the_credit_for
_hike_in_air_passengers.html
http://www.phl.org/about.html
INTERNATIONAL TRAVEL
IS TAKING OFF
Thirty airlines, including five low-cost
carriers, now offer 700 daily non-stop
flights from Philadelphia International
Airport to more than 120 cities. This
includes 52 daily non-stops to 31
international destinations. And that
number is going up.
Starting in May of this year,
US Airways began adding Philadelphia
4 WAYS TO MAKE
YOUR MONEY GO FARTHER
Why waste money when you travel?
Follow these simple tips and you'll stretch
it to the limit.
Save at 25,000 more ATMs
As an FMFCU member, you now save
two ways at 25,000 Automatic Teller
Machines (ATMs) run by the CO-OP
Network. Located in 50 states and 10
foreign countries, these ATMs are both
surcharge-free to our members … and
free from foreign transaction fees. It's
like having 25,000 Credit
Union machines!
That means you get
an unlimited number of
free transactions on these
ATMs. Just look for the
red CO-OP Network logo.
(Some 5,500 machines are
in 7-Eleven locations
throughout the U.S. and
Canada.)
To locate a CO-OP Network ATM,
go to: www.fmfcu.org/coop.
Save at 700 other
surcharge-free ATMs, too
You also can enjoy surcharge-free
transactions at 700 ATMs in 14 states
that are part of CU$, Pennsylvania's
Selective Surcharge Alliance. Unlike
those in the CO-OP Network above,
though, transactions here count against
the nine free ones you are allowed each
month (six free checking and three free
savings). If you go above that number
of monthly transactions, you will be
charged $1 per transaction. Please note
that you can make unlimited withdrawals
at any FMFCU ATM.
Save on airfare
While many consumers will check out
Expedia, Travelocity and Orbitz for
airfare, along with Priceline, Site59 and
Kayak, be aware that not all airline
tickets are available at these travel
Web sites.
For example, Southwest Airlines,
which carried 3.2 million people in and
out of Philadelphia last year, does not
sell its tickets at competing Web sites.
So to buy those low-fare tickets, you
need to go directly to southwest.com.
Save time with E-ZPass or FasTrak
Why wait in long lines at tollbooths?
Speed right through. These collection
systems read a tag or transponder on
your car, calculate tolls and electronically
deduct them as your car passes by.
E-ZPass is accepted in 10 eastern states
and in Illinois. FasTrak works on San
Francisco bridges and roads in Orange
County and San Diego, CA.
8
GREAT GUIDES
Get the inside scoop on your favorite cities… right on the Web
Here are three samples from across the country
TripAdvisor
New York Times
Winner of many Web awards, the site
includes over 5 million reviews from
travelers around the world. An
operating company of Expedia, Inc.,
TripAdvisor calls itself the world's
largest travel community.
Not surprisingly, the New York Times
has a superb Travel Section on its
Web site, with detailed information on
359 destinations in the U.S. and many
more around the world.
Highlights
Frommer's Favorite Experiences
Where to both stay and eat
What to do and when to go
Interactive features (slides & videos)
Fast Facts
Outstanding 8-page downloadable
guides with tips from travelers —
try one!
Best views, places for families and
for romance
Hidden gems
New: videos from travelers
Highlights
CHICAGO
What to See In One Day
from the New York Times
USA Today
This high-tech national newspaper
goes by satellite to 36 U.S. printing
plants and to four others serving
Europe and Asia. Its Web site also
offers travelers comprehensive City
Guides, and some very advanced
features.
Highlights
Flight Tracker
Delays Map
Mile Tracker
Currency Converter
World Clock
Find a Hotel and Find WiFi
Chicago ArchiCenter
The Art Institute
Millennium Park
Park Grill (restaurant)
Michigan Avenue Bridge
The Magnificent Mile
How to find your guide:
PHILADELPHIA
Top 10 Attractions
from TripAdvisor
Philadelphia Museum of Art
Mutter Museum
Franklin Institute Science Museum
National Constitution Center
Liberty Bell Center
Fairmount Park
Independence Hall
Rosenbach Museum and Library
Eastern State Penitentiary
Rittenhouse Square
Go to: www.nytimes.com and scroll
down the left-hand column. Click
on "Travel."
Put the name of the city that
interests you in the "Search" box
and click "Go." Your Travel Guide
will appear in a list.
Or just go to "Plan Your Trip" and
select a region or country.
Note: You will need to set up a password. But access to the travel portion
is free. Site items marked with an
orange "T" are for TimesSelect
subscribers only.
Source:
http://travel.nytimes.com/travel/guides/
north-america/united-states/illinois/
chicago/overview.html
SAN FRANCISCO
San Francisco Attractions
from USA Today
M.H. de Young Memorial Museum
Barbary Coast Trail
Presidio of San Francisco
Coit Tower
San Francisco Railway Museum
Golden Gate Bridge
Musée Mécanique
Museum of the African Diaspora
Filbert Street Steps
Yerba Buena Center for the Arts
Go to http://www.tripadvisor.com
Go to "Search" box and input
name of destination
Top right: click "Download & Go"
Go to: http://www.usatoday.com
Click on "Travel" at top left, or
down in the Site Index
If your city does not show, click on
"More."
Source:
http://www.tripadvisor.com/
Tourism-g60795Philadelphia_
Pennsylvania-Vacations.html
Source:
http://www.usatoday.com/travel/
destinations/cityguides/sanfrancisco/
overview.htm
9
"I just paid my bills on time
to improve my credit score."
Nyanthen Bantoe, a member since 2005, enjoys paying $20 less each month on his modified car loan.
Would a bank go this
extra mile?
Following are real-life examples that show you the difference between being a customer at
a bank … and a member at FMFCU. Please read them, and let us know what you think. Would
a bank do this? Just e-mail John D. Unangst, President/CEO at: johnunangst@fmfcu.org
CUTTING COSTS
Interboro teacher's loan
payments drop $20 a month
YANTHEN BANTOE, a science
teacher at Interboro High School,
recently learned there's a big
difference between a bank and our
Credit Union.
While applying at FMFCU's Taylor
Hospital branch for an auto loan on a
Toyota Camry, Nate got some dollarsand-sense advice from Branch Manager,
Pat Herko.
She told him if he could bring his
N
10
credit score up a little bit — she could
modify the loan at a later date and offer
him a better interest rate.
He bought the Camry …
and her advice.
"I just paid my bills on time" Nate says,
noting he had to improve his credit score
just 10 or 15 points to qualify for the
next tier.
When Nate called Pat some months
later on another matter, she checked his
credit score, saw it was improved enough
to make a difference, and modified his
loan.
The result? Nate's interest rate
dropped from 9.49% to 7.49%, and his
monthly payment went down $20 for the
rest of the loan.
"We love our modifications," Pat
says. "It's a win-win for everybody."
But Pat, who spent 10 years in
commercial banking, was stunned when
she first began working at FMFCU and
learned the Credit Union offers loan
modifications. "My mouth dropped."
Banks generally won't touch them,
she says. They'll redo the loan and make
more money. With modifications, Pat
says, "We drop the rate and continue
on."
Pat, who does a lot of educating,
credits Nate for listening to her advice.
For his part, Nate, a well-traveled
man from Liberia — who also played
soccer for three years in Germany and
has two degrees — didn't know you
could modify an auto loan.
But he's happy to learn that you
can. "I appreciated what she did," he
says.
CABIN FEVER
Donaldson family builds dream
house from the ground up
IKE MANY OTHER AMERICANS,
FMFCU members John and Debbie
Donaldson wanted a vacation home
in the woods.
But unlike most people, they didn't
just buy an existing cabin.
They picked out land about an hour
north of Scranton, PA, selected a house
from a brochure, modified and added to
the floor plans, then had the house
delivered and put together on-site.
Their home "package"— which
included cedar siding, windows, doors,
roofing shingles and the like — arrived
in three tractor trailers.
L
Great for family and friends
The family's finished product, a beautiful,
barn-like cedar home, consists of four
bedrooms, three bathrooms, a gazebo,
garage and finished walk-out basement,
where their two kids love to bring their
friends and hang out.
John says the location the family
chose had everything they wanted: a
lake with fishing, breathtaking views,
nearby state game land (that would limit
future development) and beautiful
hiking trails.
"Building this second home was
one of my life’s ambitions," says John.
But making that dream a reality was
not a simple task. After locating the
perfect spot at "The Woods at Duck
Harbor" near Honesdale, PA, the
Donaldsons needed to find an institution
that would help finance both the land
and construction of the house.
Enter FMFCU, and Mortgage Officer
Brian Huston, — with additional support
from Marty Burke, Assistant Vice
President and Mortgage Development
Officer, at the end of the process.
"Brian walked us through the entire
process bit by bit, and believe me, it
wasn’t easy," John says. The Donaldsons
had to learn how construction loans
worked, how to request payments to the
builder from a "draw schedule" (in which
funds are disbursed as items are
completed), and how the appraiser
searches for comparable sales of homes
similar in size, design and price range.
The appraiser then determines the value
of the property based on how it will be
when completed.
Getting comparable sales figures
was very difficult, since the Donaldson's
home was just the fourth one built in their
development. In addition, since all the
homes were custom-built, each one was
unique.
Problems and paperwork
The inherent problems "would scare
other institutions away," John says.
Besides working with both the buyer
and the builder, Brian had to deal with an
inspector and title company. He also had
to make certain all licenses and permits
were in place, and be sure the "draw"
schedule, as submitted by the dealer,
was available before settlement on the
construction loan could be scheduled.
The whole process took about nine
months to a year to complete, Brian
estimates. Once the home was
completed, the construction loan
converted to a traditional mortgage.
He's working on a similar project now.
"The financing rate and packages that
MORTGAGE FACTS
FMFCU's mortgage team will
help you buy your vacation
dream home in most states.
Members financing vacation
homes through FMFCU choose
the New Jersey shore more
than two to one over the
Pocono Mountains. Other
states, such as Georgia,
Maine, Virginia, Maryland,
Florida and South Carolina,
come in a distant third.
FMFCU was able to offer were amazing,"
John says. "Brian had a portfolio of
products in tune with exactly what we
were trying to do."
The bottom line: the Donaldson
family now has what John calls "their
outdoor paradise."
"I must tell you, FMFCU put our
minds at ease," John says. "Now we
have the dream home we’ve always
wanted."
"Building this second home
was one of my life’s ambitions."
John and Debbie Donaldson, members since 1995, say FMFCU helped them
overcome problems that "would scare other institutions away."
11
Family Finances
qualified otherwise — have been buying
homes with these payment option loans
or other subprime loan types. "It's better
to establish a savings history and get a
mortgage that works for you," Marty says.
Without an acceptable credit profile or
savings, you are transferring the advantages in the home-buying process from
you to the lender.
Deal with someone you trust — Today's
newspapers are full of stories about
borrowers who have been mislead by
unscrupulous lenders. Marty recalls one
man who had bought a home from
another lender with nothing down on an
80/20 mortgage. An 80/20 mortgage is
actually two loans, one for 80% of the
value and one for 20%. "When he gave
me the numbers," Marty says, "I realized
the payments were spread over 50 years
… and it was a 3-year balloon mortgage"
— neither of which Marty would have
recommended for this borrower. Why?
Because, it's unlikely the borrower will
have enough equity to refinance after 3
years, or be able to sell the home without
incurring a substantial loss.
MORTGAGE MISTAKES
How to avoid ARM problems
… or soften their effects
OK. You took out an Adjustable Rate
Mortgage (ARM) when rates were low.
Now those rates have reset, your
payments have jumped 50% or more,
and you're having difficulty making them.
What should you do next?
Here's some advice from Marty Burke,
Assistant Vice President and Mortgage
Development Officer at FMFCU:
Talk to your lender — Find out if you
have a prepayment penalty, and when it
will expire. But don't go to Customer
Service. They may not know … or may
not tell you. Speak to someone in the
Payoff Department. Avoid being
surprised by unexpected penalties
when you go to refinance.
Prepayment penalties, which average
$5,000 to $12,000, usually are 3-5% of the
remaining balance, or up to 6 months'
interest. They're really a way of "checkmating" you to stay in a loan. If you’re still
12
not sure if you have a prepayment penalty,
forward a copy of your note to your
FMFCU Mortgage Loan Officer. We'll
review it to see if a prepayment penalty is
in effect.
Contact FMFCU — Discuss your current
situation with one of our mortgage
officers to see what can be done.
FMFCU has viable “soft-landing” loan
types to ease your transition from these
undesirable loans. "We're here to help
our members," Marty says, emphasizing
that FMFCU doesn't play games,
deceive members or charge prepayment
penalties of any kind.
ADVICE FOR THE FUTURE
Avoid payment option loans — "These
are real killers," Marty says. If you pay only
the minimum payments on these ARMs,
you don't cover all the interest accrued
during the month. That creates dangerous
"negative amortization," in which you end
up owing more than a property is worth.
Buy only when you are ready — Those
who should wait — and who may not be
Watch for tricks — Some lenders may
also deceive you by offering loans without points (or fees you pay equal to one
percent of the loan), and then charge
you a broker fee of 1-2%. Others may
not include escrow to cover property
taxes in their paperwork, and then hit
you with these costs later. That's when
you discover your real estate taxes are
delinquent.
Read all your paperwork — the
Philadelphia Inquirer recently carried a
story about a local woman who was
about to lose her house, because she
couldn't pay the new higher interest rates
on her ARM. She had been hooked by a
low "teaser" rate, without realizing they
could increase after two or three years.
Her house was being sold at a sheriff's
sale.
Source:
http://www.philly.com/inquirer/local/20070404
_Effects_of_a_decade_of_aggressive_lending.
html
Don't choose a mortgage based on
monthly payments — Select the rate
and program that is right for you. Paying
a slightly smaller initial monthly payment
may not be worthwhile — if you can't
make payments later when they adjust
up.
Establish a savings history and then
buy — Commit to a plan. Get your credit
score up to at least 620. Put leverage in
your court.
Lock in a fixed rate on your new
mortgage — This is especially important
if you don't understand exactly how
ARMs work, or you simply don't want the
fluctuation in rate and payment.
Consult with the experts at FMFCU —
Come talk to your Credit Union, Marty
says. "We have a large variety of loan
types and we’ll work with you. We'll
discuss the pros and cons of various loan
products with you, so you can make the
right decision for your situation."
For more information, go to:
http://www.fmfcu.org/mortgages
YOU NOW CAN MAKE
eTRANSFERS TO AND FROM
OTHER INSTITUTIONS
FMFCU has added eTransfers to our
ever-increasing number of electronic
services, says Liza Mattis, Vice President
of Support Services at FMFCU. With it,
you can easily move funds from other
financial institutions to FMFCU, or vice
versa.
"We added the service at the
request of online members who prefer to
use electronic delivery systems to handle
their finances," she says. FMFCU began
making eTransfers available in early April.
You can use the new electronic
service for either single or recurring
transactions — both to and from your
checking, savings or money market
account. Federal regulations limit the
number of transactions on the last two
accounts.
Currently, the system limits daily
withdrawals or deposits to $500 per day,
per account.
introductory period. You should allow up
to three business days for eTransfers to
be completed, because the transactions
are routed through the Federal Reserve
System. Currently, the system works only
in the United States.
For more information, including
Frequently Asked Questions and
eligibility requirements, please go to:
http://www.fmfcu.org/eservices/
etransfers.htm
FMFCU PROMOTES SAVINGS
WITH NEW HIGH-YIELD
PROGRAM
To help jump-start savings (which hit
negative numbers in the U.S. in 2005
for the first time since the Great
Depression), FMFCU has started
a unique, high-performance Super
Saver program. Aimed at members
who are not saving at all, the new
effort offers you a 7% APY (Annual
Percentage Yield) on the first $500 in
an FMFCU Super Saver Account.
The hope is that once you start saving,
you'll continue to do so. For more
details, please see our ad below.
QUICKHITS
FMFCU has opened a comprehensive
Financial Learning Center on our
Web site. The new section contains
illustrative stories about people at
different stages in their lives, a
personal financial checklist, a library,
18 quick guides and more.
To see it, just go to: www.fmfcu.org/flc.
… You may soon qualify for member-only
savings on your auto insurance through
MEMBERS Auto & Homeowners Insurance.
For your
convenience, you can pay your
premium through Premier Access Bill
Payer or have it deducted automatically
from your checking account. More information: call 1-888-380-9287. …
E-mail scammers keep trying to get
FMFCU members to reveal private info.
Our advice: do not provide your
account, credit card, PIN or Social
Security number to anyone. We already
have it.
Some key points to remember:
•
•
•
You apply for eTransfers through
Premier Home Banking
You can perform eTransfers 24/7,
once approved for the service
You can use the service for FMFCU
loans or personal lines of credit,
but not for credit card or mortgage
payments
Free outgoing transfers
FMFCU won't charge a fee for incoming
eTransfers, and will waive fees for
outgoing transactions during this
13
PARTNER PROFILE
"I have learned so much on the nursing floors.
I've learned to work with others and more
importantly learned about the medical field."
— Beth Kearney, Senior, Ridley High School
HANDS-ON HEALTH CARE
Students get real-world training
at Crozer-Keystone Health System
TO AN UNUSUAL
T HANKS
PROGRAM offered at Crozer-
Keystone Health System (CKHS),
some 46 seniors from local high
schools are getting a close-up,
concentrated look at careers in
health care at both Crozer-Chester
Medical Center and Taylor Hospital.
(Delaware County Memorial Hospital
also offers a different "shadowing"
program through its Volunteer
Department.) All are partners of
FMFCU.
Students in the Pre-Medical
Careers program don't focus just on
book learning. They rotate through
almost every patient care area in the
various hospitals, and even get to
spend four hours in the operating
room.
"They see different careers at
work and different patient care procedures," says Denise Kossuth, R.N.,
Program Instructor at Taylor. Her
colleague Rosemary Barakat, R.N.,
runs the program at Crozer.
The students study anatomy,
physiology, infection control and
other medical subjects, and actually
see the disease process happening.
For example, some of them recently
met a patient with osteoporosis,
looked at the test results indicating
a hip fracture, then viewed her hip
replacement surgery.
Running two programs a day
Gene Zegar, Vice President of
Human Resources at CKHS and an
FMFCU Board Member, helped start
the program at Taylor Hospital in
2003, after learning of a similar one
in Montgomery County offered
through the Delaware County
Technical Schools. This year,
to accommodate more students,
two classes ran at Taylor and two at
Crozer, one from 7-9 a.m. and one
from 12-2 p.m. Class-size for this
honors-level course is limited to
12 students.
To get into the program, which
has a waiting list, candidates go
through a rigorous interview process.
Gene and his team pay close attention to
grades, behavior and maturity level. "We
have to, because you are putting them
(the students) out on patient floors."
"The kids are impressive, the cream
of the crop," he says, and feedback from
the program has been "fabulous."
Denise adds: "I've had students
come back (from college) and say, I know
more than everybody in my class because
I've been in this program, and I'm a step
ahead."
Passionate about the program
Joan K. Richards, President and Chief
Executive Officer of CKHS, says the
system's clinicians "feel very passionately" about the program. "Our staff has
been very accommodating," Gene says.
"The students have written letters about
how gracious they have been."
Denise says: "They (the staff) get it.
They know these kids are looking at
careers. The staff knows they are our
future and are very welcoming. These
students are going to be taking care of
you and me someday."
Clinical days are the students' favorite
days, Denise says. They spend 1 1/2
hours each Tuesday and Thursday on
a clinical unit, and a half-hour in class
talking about their experience.
Beth Kearney, a senior at Ridley High
School interested in pediatric nursing,
concurs. "I have learned so much on the
nursing floors. I've learned to work with
others and more importantly learned
about the medical field."
That's really the purpose of the
program — to give students career
guidance. One student loves pharmacy,
so Denise arranged for her to spend an
extra day there. Another is thinking of
becoming a nurse anesthetist. She
recently sat right next to an anesthetist
during a procedure.
Denise enjoys seeing students
become excited about health careers.
"For me as a nurse, it's great to be able
to impact the future of this industry. It's
just terrific."
ABOUT CKHS
Began:
1990. Provides wellness, prevention, acute care, rehabilitation
and restoratative care.
Hospitals:
5 (Crozer-Chester Medical Center, Taylor Hospital,
Delaware County Memorial Hospital, Springfield Hospital
and Community Hospital).
Special Facilities:
Level 2 Trauma Center, Regional Burn Center,
2 Regional Cancer Centers, a Fertility Center, SleepDisorders Center and a U.S. Olympic Committee-designated
Sports Science and Technology Center.
Number of Doctors and Nurses:
Total Number of Employees:
2,600.
7,100, making it the largest employer
in Delaware County.
15
MEMBERS' FORUM
SOME KEY QUESTIONS
ASKED BY OUR MEMBERS
FMFCU members call, send e-mails or
write letters to us with compliments,
concerns or questions about the Credit
Union's operations.
Because we thought those
questions might be of interest to all our
members, we're including them here —
without revealing any personal information about the senders.
And if you have any comments or
complaints, please send them to us. We
want to hear from you. See How to
Contact FMFCU on the next page.
Q:
In the last issue of Choices you
discussed NCUA insurance on
accounts. Is that the only thing I
need to know when titling
accounts?
A:
NO! NCUA insurance is only one
facet to take into consideration
when you are opening deposit
accounts. Members must keep in
mind that any and all joint owners
have equal access to funds on
deposit, and equal responsibility
for things like returned deposit
items, non-sufficient funds and
payment of any associated fees.
In addition, how an account is
titled could have tax consequences
if any of the joint owners pass
away. Titling could also affect
future financial benefits if you
have to account for your assets.
(See related article on page 21.)
For example, if an account is jointly
titled in the name of a husband
and wife only, and one party dies,
the funds belong to the other
spouse and there is no reporting to
the Pennsylvania Inheritance Tax
Department. But if that same
husband and wife decide to add
another joint owner, like one of
their children to the account, and
any one of them dies, FMFCU has
to report the date-of death
balances. The couple could end up
paying inheritance tax on some
portion of their own money. It is
always best to look at your full
financial picture, and to discuss
your titling strategy with a tax or
financial advisor.
Q:
I stopped into a branch to buy
Traveler’s Cheques and was told
you no longer have a $20
denomination. Why were these
discontinued?
A:
FMFCU has sold American Express
products for many years. American
Express recently decided to phase
out the $20 denomination, due to
low sales volume. FMFCU will
continue to offer these cheques
until supplies are exhausted.
Larger denominations are
available. In addition, we carry
Cheques for Two, which have a
convenient dual signature feature,
as well as a reloadable travel card
from American Express.
Q:
I am getting ready to graduate and
will no longer be attending
Widener University. Do I have to
close my account?
A:
NO! All FMFCU members may
retain their membership for a
lifetime —“once a member, always
a member." Even if you are moving
out of the geographic area — now
more than ever — there are more
products and services to help you
maintain your FMFCU relationship.
Premier Access Home Banking,
eTransfers and an expanded
surcharge-free ATM network are
just a few of note. See related
stories on pages 8 and 13.
If you move, don’t forget to
provide us with your new mailing
address, phone numbers and
e-mail address so we can update
16
our records. Even if you do close
your account (and we hope you
won’t), we will have to send you
year-end statements and tax
forms.
Run the Numbers
3
Philadelphia's 30th Street Station is the
third busiest Amtrak station in the U.S.
HOW TO CONTACT FMFCU
2
If you have a comment, compliment, or
concern about FMFCU's operations, it's
easy to contact us and get a response.
You can:
the Member Service Center
Call
at 610-325-5100
(1-800-220-3193 outside PA)
Send an e-mail via the Contact Us
link on our Web site at
www.fmfcu.org, or directly to
President/CEO John D. Unangst
at johnunangst@fmfcu.org
a letter.
Send
The mailing address is:
Franklin Mint Federal Credit Union
Attn: Chief Operating Officer
P.O. Box 1907
Media, PA 19063-8907
diehard BYOB diner," lists his personal
favorites, and also includes reader
recommendations.
Besides providing detailed information on area wine tastings, wine books
and even audio wine clips from
"Seinfeld," Squires adds a downloadable
list from wine expert Herb Englebert.
The host of "Time Out for Fine Wine"
on Temple University's WRTI-FM (90.1),
Englebert produced his list for the
International Wine & Food Society.
Both are excellent resources.
Philadelphia International Airport is the
second fastest growing airport in the
world, behind only Beijing.
1
Philadelphia has the least congestion of
the top 10 Metropolitan Statistical Areas
in the U.S.
Source:
why/quickfacts.cfm
why/transportation.cfm
No matter what delivery method you
choose, all correspondence is tracked
and forwarded to the proper
department and staff members for a
timely response.
PHILLY FILE
FIND A BYOB IN SECONDS
If you enjoy eating and drinking, you'll
love this. The official visitor site for
Greater Philadelphia (http://www.gophila.com) has introduced an interactive
BYOB (Bring Your Own Bottle) Map of
the five-county Philadelphia area.
The site makes it easy to choose
from over 200 area BYOB restaurants
serving 10 different cuisines in 17 neighborhoods. You can also see the location
of nearby Pennsylvania Wine & Spirits
Stores, so you can pick up wine on the
way to dinner.
For a non-interactive, but equally
helpful site, check out Mark Squires'
Bring Your Own … BYOBs in Philly
(http://marksquires.com/byob.htm).
Squires, once described as a
"Philadelphia attorney, bon vivant and
17
newsbriefs
4 WIN $1,500
SCHOLARSHIPS
Three local graduates who survived a
competitive essay process have been
awarded The John D. Unangst
Scholarship valued at $1,500 each. They
include: DeJuana Mosley, Chester High
School; Lindsay Arizona Page, Strath
Haven High School; and Lauren A.
Raikowski, Ridley High School.
In addition, John D. Unangst,
FMFCU's President/CEO, personally
funds a fourth scholarship each year to
a graduating senior from his alma mater,
Interboro High School. The 2007
recipient is Patrick Brady.
The winners accepted their checks
at FMFCU's Partners In Learning
Banquet. Dr. Bridget Kelly, Principal of
Springfield High School, also received
FMFCU's 2007 Financial Literacy
Advocate Award, and Phil Sabato,
Springfield High School, the 2007
Student Leadership Award.
7 UPPER DARBY STUDENTS
WIN MARKETING AWARDS
of merit in the newsletter category from
the Credit Union Executives Society
(CUES).
FRANKIN MINT SOLD
The Franklin Mint, where FMFCU got its
start in 1970, has been sold to a group
of executives from The Morgan Mint. A
massive development project planned
for the former Mint property has sparked
controversy and fears of major traffic
problems in Middletown Township.
QUICKHITS
FMFCU has received the 2007 Desjardins
Youth Financial Education Award from the
Pennsylvania Credit Union Association.
The award recognizes FMFCU's commitment to financial education. … The
Credit Union also was named a Business
of the Year award recipient by the
Delaware County Firemen's Association
at the organization's annual banquet. …
Marple-Newtown High School's Hi-Q
team won the 2006-2007 Delco Hi-Q
championship. FMFCU is the primary
corporate sponsor of Delco Hi-Q.
BRANCH NEWS
BROOMALL STAFFER AIDS
NEW ORLEANS RESIDENTS
When their church asked for volunteers
to help Katrina flood victims in New
Orleans, Kelly Chaudrue, a Support
Systems Analyst in Broomall, and her
husband John immediately signed up.
The Chaudrues, who spent April
1-6 in New Orleans along with 10 other
parishioners from Christ Church, a
historic Episcopal church in Philadelphia,
were shocked by how little of the city's
9th Ward has been restored.
"It's so quiet. No dogs. No noise.
It's like something is supposed to be
there, but isn't," Kelly says. "We didn't
see any FEMA trailers there (in the 9th
Ward)."
Little apparent progress
"There are no front doors. No electricity.
No supermarkets. I'm just surprised that
for the amount of time that has passed
(Continued on next page)
Seven employees of FMFCU's Upper
Darby High School (UDHS) studentoperated branch were award winners at
the Pennsylvania Chapter of Distributive
Education Club of America's (DECA)
annual district competition. Davinder Pal
Singh and Steve Lonergan captured first
place in the Financial Marketing team
event. Bonnie Tress and Shannon
Donnelly were awarded second place,
while Sarah Antolini placed fourth in the
Buying and Merchandising category.
Lonergan also was an overall winner in
the Financial Services category, as were
Shafi Gaffar for Full-Service Restaurant
Marketing and Kate Livoy for Business
Services. UDHS students continually
participate in this competition.
CHOICES WINS 3 MORE AWARDS
Choices magazine has won two Service
Industry Advertising Awards (SIAA), a
silver in the newsletter/financial services
category and a merit award in the annual
report/financial services category.
Choices also won a Golden Mirror award
18
Kelly Chaudre, a member since 1998, helps rehab a New Orleans home damaged
by Hurricane Katrina. Kelly hopes to return to volunteer as often as she can.
(Continued from previous page)
how little has changed."
Kelly was grateful for a contribution
from FMFCU towards the trip, as well as
the good wishes and help she received
from her co-workers. "You expect support from your family. When you get it
from people you work with, that is a real
bonus," she says.
In New Orleans, Kelly and John
spent most of their time laying floors,
painting and putting up cabinets.
Tearing down a porch proved to be a
particularly difficult job. "You use
hammers, crowbars, everything you can
to rip walls down to the bare studs," she
says. At that point, what's left is "black
mold" — so the wood has to be specially treated before rebuilding can begin.
Supplies are limited in the area,
and many needed items are difficult to
obtain, she says. Just getting socket
covers at Home Depot took her more
than three hours. "There are a lot of
challenges they still face there."
The Chaudres and the rest of their
group, who ranged in age from 33 to 79,
stayed in the hard-hit Lakeview area.
They slept on army cots at the top floor
of an office building converted to
temporary housing, and showered in a
trailer out back. About the only other
buildings inhabited in that neighborhood
were a school and church.
Long recovery period
At an orientation early in their visit, Kelly
was surprised to hear estimates of 20 to
25 years before the area comes back to
normal. "After being there, I see no
problem in that being an accurate
estimate."
"The people have lost so much, but
not their sense of generosity," she says.
"They don't have much, but they cook for
you, make you laugh, make you feel good
about your decision to come and help.
Volunteers coming through is what keeps
them going. It's their salvation."
Would she go back? "If I could have
stayed, I would have. I'll go back as often
as I can."
126 CHESTER RESIDENTS
ENJOY FREE TAX PREPARATION
Five FMFCU employees and two
members of the Chester Community
Improvement Project prepared 126 free
tax returns for Chester residents this
year under the Volunteer Income Tax
Assistance (VITA) Program. John
Greskiewicz, FMFCU Vice President and
Regional Manager, says this is an increase
of 52% over last year's total. Refund
dollars also jumped 98%. "We made a
lot of people happy," he says.
VITA offers help to people of low-tomoderate income (generally $39,000 and
below), who need assistance in preparing
their tax returns.
FMFCU's volunteers included Ruth
E. Kauffman, Stefanie Henson, Cecily
Venkatesh, Blesson Koshy, and site
manager Richard B. Elam Sr.
Ruth, Vice President, State Financial
Network, Inc. (SFN), a wholly owned
FMFCU subsidiary, says many of the
residents paid $180 to $300 to tax
preparers the previous year "for really
simple returns." She adds: "I can't tell
you how many people were thrilled with
the Credit Union.
The volunteers, who trained in basic
tax preparation at Widener University
and received IRS certification, offered
the free tax service both at FMFCU's
Chester branch and at Chester Baptist
Church. They filed 98% of the returns
electronically.
Perfectly Comfortable. Perfectly Beautiful.
Perfectly Satisfying!
Voted Best
Retirement Community
in Delaware County
2005 & 2006
by the Delaware County
Daily Times
When it comes to resident satisfaction, retirement living at
Riddle Village gets an exceptional score every time. That’s
because Riddle Village offers it all: spacious residences,
affordability, Life Care, fine dining, great neighbors and important
amenities like underground parking. Set apart on a lovely
wooded hillside, in the heart of Delaware Valley and close to
Media, Riddle Village is a treasure of elegance and convenience.
The perfect retirement choice!
Call us at (610)891-3700.
Equal Housing
Opportunity
1048 W. Baltimore Pike
Media, PA 19063
You’ll love the convenience.
You’ll cherish the elegance.
www.riddlevillage.com
19
Q&A
The Sandwich Generation
An interview with Cecily Venkatesh,
FMFCU Investment Coordinator,
Certified IRA Professional and a
Chartered Retirement Planning
Counselor SM designee; and Christina
Moore, Financial Advisor, CUSO
Financial Services, L.P. (CFS*).
For their part, the children want to be
prepared. But they are not sure how
to talk to their parents about money.
When they finally do talk, their child
The Sandwich Generation is a term
describing millions of Americans
squeezed by the dual duties of raising
children at home — while caring for
aging parents. Choices is focusing on
this important subject now … because
so many of our members are already
dealing with this dilemma … or soon
will be.
Q
What's the biggest problem
you see?
A
Cecily: The generations don't
communicate with each other. The
parents don't want to lose control
by sharing too much information.
PRIME
minus
1.01% APR†
for all
members!
children, you have to think them
through very carefully. Say you have
kids in college and your parents want
to give you $50,000. Their goal: to
qualify for Medicaid before they
need to go into a nursing home.
Medicaid now does a five-year "lookback" for nursing home eligibility, so
that could come into play here.
Yet, they want to save their money to
give to their children.
This gift can also negatively affect
your child's chances for college
financial aid. And if the parents
need the money later and their kids
have to give it back, it's a lose-lose
situation. You really need to define
your goal — whether it is the
college fund or the needs of the
parents. Both generations need to
set their priorities.
Cecily Venkatesh
says, "I thought you wanted this,"
and the parent says, "No, I wanted
that."
Q
A
Christina, anything to add here?
Q
Christina: Yes. Because late-in-life
issues affect both parents and
Can you describe the parents'
biggest concerns?
A
Cecily: They want to avoid probate
HOME IMPROVEMENTS
OR CONSOLIDATING DEBT
FMFCU’s Home Equity products
are PERFECT for either!
Home Equity Loan
Rates as low as 5.99% APR*
Fixed interest rate
Terms up to 20 years
Borrow up to 100% of your
home’s appraised value
Same day approvals
Home Equity Line of Credit
NO annual fee
NO application fee
Check writing privileges
Only pay interest on the
amount you use
Apply for a Home Equity Loan or Line of Credit
today to receive a $25.00 Home Depot Gift Card!**
FRANKLIN MINT
DEBBIE MATSINGER
MEMBER SINCE 1991
www.fmfcu.org • 610-325-5100
*5.99% APR (Annual Percentage Rate) is quoted as of 5/31/07 and is based on terms up to 60 months with payments per $1,000 equal to $19.34. Other terms and rates are available. FMFCU has a tiered loan rate policy that applies different loan rates to borrowers based on the borrower’s credit history. Advertised rate applies to Tier 1 borrowers and is
for loans up to 85% Loan to Value (LTV). The minimum borrowing amount for Home Equity Loans is $5,000. Title insurance required for loans over $250,000. Programs, rates,
terms and conditions are subject to change without notice. Interest paid on Home Equity Loans may be tax deductible; check with your tax advisor. Offer valid through 10/1/07.
**This ad must be presented to an FMFCU Representative in order to receive the Home Depot Gift Card.
† APR = Annual Percentage Rate and is variable. Prime minus 1.01% is for Home Equity Lines of Credit up to 85% Loan to Value (LTV). Wall Street Journal
Prime Rate as of 5/31/07 was 8.25%. Maximum APR is 18%. Other programs are available.
20
and Pennsylvania death tax, a flat
tax. Unless the money is going to
a surviving spouse, you can't get
around it. And some parents get
mad about that.
Q
Any advice about assigning
power of attorney?
A
Christina: Taking over someone's
finances is a big job. So be careful
whom you assign. Make it a local
person, who is responsible. And
plan ahead. Do this before it's too
late. A power of attorney ceases
upon death.
Q
What other decisions do people
need to be careful about?
A
Cecily: To avoid probate, you want
your account to be either titled
jointly (if you're a spouse) or to
name a beneficiary. But joint titling
is really overused. If you're not
married, why are you titling jointly?
Adding non-spouses for convenience, such as your parents or
children, can lead to your paying
inheritance tax on your own money.
And nobody wants to do that.
A joint account seems so cozy and
intimate. But it's not a love seat.
And if you add someone to your
account who is a credit risk, then
your account is vulnerable to
creditors, too. People joint-title as
handle it, you may want to set up
a trust fund.
Q
A
7 ways to ease the pressure
Any final comments?
Both: Sure. First, talk to an elder
law attorney. Paying $500 now
could save you thousands of dollars
later on. Second, update your will
and your beneficiaries. You don't
want your divorced wife or
husband to get your money.
Third, think about long-term care
insurance. The average cost of a
single year in a private nursing
home is almost $75,000. Consider
being self-insured by setting aside
funds for this purpose only. Most
of all, don't procrastinate. Take
these steps now … while your mind
is still sharp.
Be open. Parents and children
both need to talk freely about
their wants and needs.
Place records of all your
retirement assets (including life
insurance) in one file — with
account numbers, contact names
(if applicable), and phone
numbers. Then you'll know
at-a-glance exactly what you have.
Get a quote for long-term care.
Write a will.
Consult with an elder law attorney.
Title your accounts carefully.
Update your will and beneficiaries
as life events occur.
Resources:
http://www.caregiverresource.net/materials/
Caregiver's%20Corner/CaregiversCorner%
20-%20The%20Sandwich%20Generation.htm
an independent broker/dealer, are not
NCUA/NCUSIF insured, not credit union
guaranteed and may lose value.
Representatives are registered through CFS.
Member NASD/SIPC and SEC Registered
Investment Advisor.
http://phx.corporate-ir.net/phoenix.zhtml?c=
175970&p=irolnewsArticle&ID=981283&
highlight=
Notes:
Chartered Retirement Planning Counselor SM
is a registered service mark of the College for
Financial Planning ®.
* Investment products and services offered
through CUSO Financial Services, L.P. (CFS),
A LWAY S C A R E F U L
Christina Moore
a gift. But it can have serious
pitfalls. (For more on account titling,
see Members' Forum on page 16.)
Any other mistakes people
Q are
making?
A
Christina: Lots of people are draining their money at retirement,
making large purchases they may
not need. Others take a lump sum
from IRA rollovers, and every dollar
is taxable. Retirees have to realize
many of them can live off their
interest and dividends, if they plan.
That's the first step in not having to
rely on your kids. And if you want to
pass money on to your children, but
have concerns about their ability to
No matter how careful you are,
you can still become a victim of
identity theft. Each day, criminals
find new ways to steal personal
information, so they can take-over
existing accounts and open fraudulent
new accounts. Victims may be left with permanent damage to their
credit rating – or worse yet, an undeserved criminal record.
That’s why you need Deluxe ID TheftBlock Plus*.
®
®
DELUXE ID THEFTBLOCK PLUS CAN HELP YOU MINIMIZE THE EFFECTS OF
IDENTITY THEFT BY PROVIDING:
PROACTIVE CREDIT REPORT MONITORING
ON-LINE CREDIT REPORT ACCESS
SECURITY ALERTS
DELUXE
®
CHECK ORDER SCREENING
FRAUD PREVENTION E-NEWSLETTER
EXPENSE REIMBURSEMENT FOR QUALIFIED LOSSES
FIND OUT HOW DELUXE ID THEFTBLOCK PLUS CAN HELP YOU DETECT AND RECOVER
FROM IDENTITY THEFT. VISIT WWW.DELUXE-IDTHEFTBLOCK.COM OR WWW.FMFCU.ORG
© 2007 Deluxe Enterprise Operations, Inc. All rights reserved.
*Insurance underwritten by Travelers Casualty and Surety Company of America and its property casualty affiliates Hartford, CT 06183. Coverage for all claims or losses
depends on actual policy provisions. Availability of coverage can depend on underwriting qualifications and state regulations. Coverage is not available to New York residents.
21
Fast Facts
Number of FMFCU student-operated branches:
High schools included:
5
Interboro, Springfield,
Upper Darby, Penn Wood and Strath Haven
Cluster Manager:
Services:
Kelly Lynn
Free checking and saving accounts,
student loans, car loans and debit cards.
ATM services at select locations.
Availability:
Open to those who normally have
access to the school during the school
year. Closed during school holidays and
summer break.
REAL LIFE 101
Phil Sabato learns business skills
at Springfield High School branch
W
HEN PHIL SABATO began
working at FMFCU's studentoperated branch at
Springfield High School in the fall of
2005, he didn't know much about
savings.
Now, he rate-shops certificates
regularly.
That's just one of many skills Phil
picked up as a student employee. While
working at the branch, he also learned
how to process deposits, open members’
accounts and communicate regularly
about financial matters with students,
staff and teachers.
In addition, he honed his marketing,
advertising and management techniques,
talents that helped him become both
President of the Student-Operated
Branch Council and the Youth Advisory
Board.
Phil sums up his Credit Union
experience this way: "It's been so
much more than anything I could have
expected."
While employed at the high school
branch and at regular Credit Union
branches during the summer, he
developed essential management and
communication skills. "I can definitely
carry the hands-on experience with me
for the rest of my life," he says.
Developing marketing campaigns
The Youth Advisory Board he headed, for
example, created its own advertising and
promotional campaigns for the studentoperated branches. What started as a
"Celebration Account" to help students
put money away for the prom evolved
into a successful "Student-Based Savings
Package."
A savings cheerleader, Phil
encourages his fellow students to set
budget and savings goals, and make
Credit Union deposits regularly. The
more traffic, the more savings, Phil says,
who encourages savers to come into the
(Photo on left): Phil Sabato, a member since
2005 and Branch Council President at
Springfield High School, encourages his fellow
students to save regularly. Phil, who also served
as President of the Youth Advisory Board, was
honored for his efforts with FMFCU's 2007
Student Leadership Award and a $500 check.
Credit Union every week.
Freshmen may only have $10 a week
to save, while seniors may receive regular
"It's been so much more than
anything I could have expected ...
I can definitely carry the handson experience with me for the rest
of my life,"
paychecks and a lot more money. But all
are learning the importance of consistent
savings.
Not all the students understand what
a credit union is yet, but the word is
growing, he says.
With two school years of Credit
Union experience under his belt, Phil
starts at Penn State's main campus this
fall, a rarity for freshmen. He thinks his
progress at FMFCU … plus some letters
of recommendation from the Credit
Union, may account for this honor.
Asked what he liked most about
his experience in a student-operated
branch, he quickly replies: "The respect.
…the fact that management has given
so much freedom to the kids. They put
us in a position to enjoy working. We
like what we're doing."
There's no place like FMFCU … for homes
Whether you’re a first-time home buyer … buying a vacation home ...
or refinancing a current one ... be sure to talk to an FMFCU Mortgage
Loan Officer first.
We will:
• Walk you through the entire mortgage process
• Explain what to expect every step of the way
• Help you select the right option for you
You'll also learn about our free pre-approvals, zero-point financing
and low rates.
Bottom line? We'll help you get into the house you want … at a price
you can afford — just as we've been doing for over 20 years.
Start the process today!
Visit FMFCU's online mortgage center at
http://www.fmfcu.org/mortgages/officers,
contact the Mortgage Loan Officer assigned to your branch,
or call Marty Burke at 610-325-5017 for more information.
FRANKLIN MINT
23
CONSUMERS' CORNER
TAKE TYLENOL WITH CARE
Did you know that taking too much
acetaminophen — the key ingredient in
mega-popular Tylenol pain-relievers and
200 other products — can cause acute
liver damage or liver failure?
In fact, acetaminophen poisoning
has become the most common cause
of liver failure in the U.S., says the
December 2005 issue of Hematology,
with almost half of those cases being the
result of accidental overdoses.
If you are one of the millions of
Americans taking Tylenol, do so carefully.
And follow these guidelines:
DO NOT: Exceed the recommended
adult dose of 8 extra strength geltabs,
web wonders
Find the most popular baby names
This site, run by the Social Security
Administration, lists the 20 most
popular U.S male and female names
for every year since 1880. John and
Mary topped the list that first year.
Jacob and Emily were # 1 in 2005,
the latest year for which data is
available.
http://www.ssa.gov/OACT/babynames
Learn the meaning of a name
Here's a quick way to discover the
meaning of just about any name.
Just go to PopularBabyNames.com.
Use the alphabetical bar, or go to
the box that says, "Find meaning."
Enter the name and you'll quickly
see the name, religion or language,
gender and meaning.
http://www.popularbabynames.com/
cgibin/show_page.pl?FromOther
Pages=yes
Locate a movie, actors or trailer
Looking for a movie, a plot or want
to know who the actors in a movie
were? Go to the Internet Movie
Database. You'll find ratings, trailers,
trivia, other recommendations,
running times, awards and more.
Visited by over 47 million movie
lovers each month.
http://imdb.com
24
!
N
O
I
AUT
TY L
E
C
going. Otherwise, they may think charges
against your card are fraudulent and lock
down your account.
BE SURE YOU HAVE
A VALID U.S. PASSPORT
Remember, you now need a passport to
travel by air between the U.S. and
Canada, Mexico, Central and South
America, the Caribbean and Bermuda.
In January 2008, you'll also need it for
land or sea travel to those places, too.
CHECK OUT THE CDC'S
TRAVELERS' HEALTH SITE
gelcaps or tablets, or 12 regular strength
Tylenol within 24 hours. Follow directions
on the bottle or box.
DO NOT: Combine Tylenol with other
products containing acetaminophen,
such as Sudafed Severe Cold or Tylenol
Cold & Flu, or narcotics like Percocet or
Vicodin.
DO NOT: Take Tylenol or any other
product containing acetaminophen if you
consume three or more alcoholic drinks* a
day — unless you talk to your doctor first.
* A standard drink in the U.S., according to
the Centers for Disease Control and Prevention
is: 12 ounces of beer, 8 ounces of malt liquor,
5 ounces of wine, and 1.5 ounces (or a "shot")
of 80-proof distilled spirits or liquor (gin, rum,
vodka, whiskey, etc.).
DO: Check the active ingredients on other
medications you are taking. If you see
acetaminophen, check with your doctor
before you combine two products with
this ingredient.
Sources:
http://www.eurekalert.org/pub_releases/
2005-11/jws-iro112905.php
http://www.foxnews.com/story/
0,2933,177342,00.html
http://www.cdc.gov/alcohol/faqs.htm#4
TRAVELING SAFELY
OUTSIDE THE COUNTRY
TELL YOUR CREDIT CARD
OR DEBIT CARD PROVIDER
YOU'RE TRAVELING ABROAD
Let your credit card company and/or
financial institution (where your debit card
is held) know where and when you are
Review the health risks in countries you'll
be visiting. This site, run by the Centers
for Disease Control, also has an excellent
section on "Illness and Injury Abroad."
It is the sixth link down on the left-hand
side under Specific Topics. Inside, look
carefully at: "Seeking Health Care
Abroad." There's a wealth of important
information here.
http://www.cdc.gov/travel/index.htm
PACK HEALTH INSURANCE, TOO!
No one ever plans to get sick, be in a car
crash or suffer a critical illness abroad.
But it happens frequently. And most U.S.
health policies, including Medicare, will
not cover you overseas. Check yours to
be sure. Even worse, if you need medical
evacuation, you could wind up being
charged $50,000 or more.
Some 5 to 10% of Americans who
travel or live overseas experience serious
emergencies, says Dr. Bradey A. Connor,
Medical Director of a New York-based
clinic that treats patients who travel.
That's why travel experts recommend
that you consider coverage that includes:
trip cancellation and interruption insurance, health care insurance and medical
evacuation and repatriation insurance.
The sources on the next page
provide detailed information about coverage. Peter Greenberg, Travel Editor on
the Today Show, offers this advice: "Look
for a policy with a travel insurer that is
independent from your tour operator
and is licensed by your state."
"Many cruise lines and tour operators
offer insurance, often at lower premiums
than those charged by outside insurers,"
he says. "But if the cruise line or tour
company goes out of business, there may
not be money to cover your claim."
Dr. David Shull, a Michigan physician
who broke his hip in Sri Lanka and was
flown in five separate aircraft to get
back home, understands the value of
insurance. He told USA Today he
"wouldn't go anywhere in the world"
without air evacuation coverage.
Sources:
DID YOU KNOW ...
It's smart to shut and reopen
water valves every 6 months?
Doing this twice a year beneath sinks and toilets will keep mineral deposits from
making them seize up. Once they're "frozen,"
the only recourse is often a plumber — at a
hefty fee.
http://query.nytimes.com/gst/fullpage.html?
sec=travel&res=9C02E1D7173CF937A35756C
0A9659C8B63
Source: www.bottomlinesecrets.com/
blpnet/article.html?article_id=38022
www.insuremytrip.com
Women may have different
heart attack symptoms?
http://query.nytimes.com/gst/fullpage.html?
sec=travel&res=9F0CE7DD103BF936A2575BC
0A965958260
http://www2.ncid.cdc.gov/travel/yb/utils/
ybGet.asp?section=recs&obj=care-abroad.htm
http://www.consumerreports.org:80/cro/
travel/traveling-healthy-overseas-105/
overview/index.htm
http://www.medjetassist.com/default.asp?
partner=
http://www.msnbc.msn.com/id/17519580/
page/3
http://www.usatoday.com/money/biztravel/
2005-03-07-biztrav-usat_x.htm
PET TRAVEL IS ON THE RISE
If you're thinking about taking your pet
on vacation with you, join the crowd: an
ever-growing crowd.
Bringyourpets.com, a Web site
devoted to the subject, estimates that
more than 36 million households now
travel with their pets.
For a listing of pet-friendly hotels, go
to: http://www.bringyourpet.com
For pet-friendly beaches, go to:
http://www.petfriendlytravel.com/?page=
dog_beacheshttp://www.tidalflats.com/
Dog_Beaches.html
USE WIPERS & LIGHTS
… OR PAY A FINE
Pennsylvania drivers: a new law requires
you to turn your headlights on anytime
you run your windshield wipers. The fine
for non-compliance is $25. Fees and
associated costs will bring the total
penalty closer to $100.
PA TURNPIKE TO IMPROVE
SERVICE PLAZAS … AND WIDEN
ROADWAY NEAR LANSDALE
Over the next five years, you should start
to see new and improved service plazas
on the Pennsylvania Turnpike. Plans call
for newer, larger buildings and food
offerings from top national brands …
experience new or different warning signs up to
one month before having a heart attack. The
most common symptoms reported by the 515
women were: unusual fatigue, sleep disturbance and shortness of breath.
While many doctors consider chest pain to
be the most important heart attack symptom in
both men and women, 43% of the women
reported no chest pain during any phase of the
attack.
http://usgovinfo.about.com/cs
/healthmedical/a/womensami.htm
A 2003 study by the National Institutes
of Health indicates that women may
plus products from Pennsylvania-based
firms like Bassett's Original Turkey, The
Doggery, and Brioche Doree Café and
Bakery. Outdoor dining areas, landscaped grounds, pet-walking paths and
more are also part of the renovation
project.
In addition, a $250-to-$300-million
project to widen 10.5 miles of the
Northeast Extension from Mid-County
to the Lansdale exit is starting to inch
forward. Work is due to begin in 2008
and be completed in 2014. About 67,000
vehicles per day use that stretch of the
highway, turnpike officials say, making it
one of the heaviest traveled four-lane
sections of the Turnpike.
Sources:
http://www.paturnpike.com/news/2006/Sept/nr
092506.htm
http://www.paturnpike.com/news/2007/apr/nr0
40307.htm
Look! You
Could Save On
Auto Insurance!
Coming soon to your mailbox is
an opportunity that could save
you money on your auto insurance. Don’t miss your important
information on MEMBERS Auto Insurance! Through your credit union
and the companies of the CUNA Mutual Group, you have access to this
reliable auto protection from Liberty Mutual Insurance Company that
could save you hundreds of dollars — just for being a valued credit
union member. Watch your mail, and remember you can call anytime
for a free, no-pressure rate quote at 1-888-380-9287.
Coverage provided and underwritten by leading insurance companies,
including Liberty Mutual Insurance Company and its affiliates, 175
Berkeley Street, Boston, MA. To the extent permitted by law, applicants
are individually underwritten; not all applicants may qualify. A
consumer report from a consumer reporting agency and/or motor
vehicle will be obtained on all drivers listed on your policy where state
regulations allow. The insurance offered is not a deposit and is not
insured by the NCUSIF or guaranteed by your credit union.
1161-2246A(0507)FMFCU/2
25
our many branches & ATMs are ready to serve you
Broomall 1974 Sproul Road, Suite 100
Pamela L. Hellyer, Branch Manager
Philadelphia
Mercy Hospital of Philadelphia 501 S. 54th Street
Wanda Johnson, Management Associate
Chadds Ford
Village at Painters Crossing Routes 1 & 202
Carolyn Guzzo, Branch Manager
Ridley Park
Taylor Hospital 175 E. Chester Pike
Pat Herko, Branch Manager
BRANCHES
Chester
University Technology Park 1450 Edgmont Avenue
Elaine Palandro, Branch Manager
Crozer-Chester Medical Center Old Main Building
One Medical Center Boulevard
Pamela Caldwell, Branch Associate
Widener University University Center Building
One University Place
Cathy McInnis, Management Associate
Darby
Mercy Fitzgerald Hospital Campus
Medical Office Building 1501 Lansdowne Avenue, Suite 109
Deborah Warrick, Branch Manager
Drexel Hill
Delaware County Memorial Hospital 501 N. Lansdowne Avenue
Christina Gerlacher, Branch Manager
Horsham
Centocor 800 Ridgeview Road
Suite H-2 1058
Melanie Moser, Branch Manager
Restricted Access
King of Prussia
640 Freedom Business Center Drive Suite 125
New
Carol Amplo, Cluster Manager
Media
Granite Run Mall 1067 W. Baltimore Pike
Lower Level
Larry Schuelie, Branch Manager
location!
Open 7 days a week
Media 100 W. State Street
Linda Fahey-Hudyma, Cluster Manager
Riddle Memorial Hospital Outpatient Pavillion, Suite 3108
1098 W. Baltimore Pike
Peggy Barnum, Branch Manager
Restricted Access
Norristown
Mercy Suburban Hospital 2701 DeKalb Pike
Carol Amplo, Cluster Manager
Wallingford
Strath Haven High School
205 S. Providence Road
Kelly Lynn, Cluster Manager
Ezra Skobeloff, Branch Council President
Restricted Access
Ridley Township 2211 MacDade Boulevard
Marie F. Cannon, Branch Sales Manager
Donna Surotchak, Branch Operations Manager
Open 7 days a week
Swarthmore
Swarthmore College Parrish Hall
500 College Avenue
MEMBER SERVICE CENTER
P.O. Box 1907
Media, PA 19063
610-325-5100
1-800-220-3193 (calls originating outside of PA)
Gloria Mann, Manager
ADDITIONAL ATM LOCATIONS
Boscov’s, Granite Run Mall
Lower level, entrance nearest
AMC Theater
U.S. Route 1
Media, PA
Tinicum Township
Keystone Mercy Health Plan 200 Stevens Drive
Ground Floor Lobby
Peggy Crowley, Branch Manager
Community Hospital
9th & Wilson Streets
Chester, PA
West Chester
QVC Studio Park 1200 Wilson Drive
Linda Jones, Branch Manager
Restricted Access
Delaware County Community College
901 S. Media Line Road
Media, PA
Endo Pharmaceuticals
100 Endo Boulevard
Chadds Ford, PA
Restricted Access
STUDENT-OPERATED BRANCHES
CLOSED FOR SUMMER BREAK
Lansdowne
Penn Wood High School
100 Green Avenue
Roger Chambers, Branch Council President
Restricted Access
Prospect Park
Interboro High School 500 16th Avenue
Mike Sheils, Branch Council President
Restricted Access
MacDade Mall
Inside mall, near Kmart entrance
MacDade Boulevard
Holmes, PA
Mercy Health System
One W. Elm Street
Conshohocken, PA
Limited Access
Springfield Mall
(Two ATM locations)
Inside mall, upper & lower levels
Baltimore Pike
Springfield, PA
Springfield
Springfield High School 49 W. Leamy Avenue
Phil Sabato, Branch Council President
Restricted Access
QVC
Enterprise Building
1365 Enterprise Drive
West Chester, PA
Restricted Access
Upper Darby
Upper Darby High School 601 N. Lansdowne Avenue
Davinder Pal Singh, Branch Council President
Restricted Access
ATM Location
Two ATMs at this location
Night Depository Location
(Night Depositories are for personal deposits,
not business drop-offs.)
IT'S EASY TO JOIN FMFCU IF:
NOT
A MEMBER
YET?
You are the spouse, child, parent or step-parent,
sibling or step-sibling, grandchild, grandparent
or housemate to any current FMFCU member,
or to any employee/member of a partnering
organization.
For a Membership Application, go to:
https://www.fmfcu.org/membership
Or call our Member Service Center at
610-325-5100. (Outside PA, call 1-800-220-3193.)
26
You yourself are an employee or member of any
of our 900+ partnering organizations.
You live, work, worship, volunteer, attend school or
regularly conduct business in the City of Chester or
Borough of West Chester.
Important: Once a member,
you're a member for life!
We ’d t e l l y o u t h a t w e ’r e t h e
r e g i o n’s m o s t h i g h l y a c c l a i m e d
community-based health system.
B u t i t l o o k s l i k e w e d o n’t h a v e t o.
Approved with Commendation – Commission on Cancer of the American College
of Surgeons: Crozer Regional Cancer Center and Delaware County Regional Cancer Center.
A D U LT A N D P E D I AT R I C S U R G E R Y
BURN CARE
HealthGrades: top 5 percent nationally for Cardiac Surgery.
HealthGrades: top 10 percent nationally for Coronary Interventional Procedures
and Cardiac Services.
HealthGrades: five out of five stars for Coronary Interventional Procedures,
Treatment of Heart Attack, Valve Replacement Surgery and Coronary Bypass Surgery.
CANCER CARE
CO M M U N I T Y O U T RE AC H
EMERGENCY CARE
HEART CARE
HealthGrades: 2007 Excellence Award for Cardiac Care.
J.D. Power and Associates Distinguished Hospital ProgramSM: for outstanding
outpatient and inpatient experiences.
Modern Healthcare Magazine: one of the “Top 100 Integrated Healthcare Systems
in America” for seven consecutive years.
Hospitals and Health Networks Magazine: one of the “Top 100 ‘Most Wired’ Health
Systems in America” for six of the last eight years.
Hospitals and Health Networks Magazine: Innovator Award for use of technology
in working with radiologists overseas providing radiology support.
American Hospital Association: NOVA Award for excellence and innovation
in community health.
LEVEL II TRAUMA
M AT E R N I T Y C A R E
M ED I CA L I M AG I N G / RA D I O LO G Y
O R T H O PA E D I C S
P E D I AT R I C S
P E R I N AT O L O G Y
SENIOR PROGRAMS
SLEEP DISORDERS CENTER
VHA: Leadership Award in Evidence-Based Medicine Program (one of only six health
care organizations in the nation to be honored), and in “system” category for improving
clinical effectiveness.
VHA Health Foundation: Health System of Promise designation for commitment
to the future of children.
Hospital and Health System Association of Pennsylvania (HAP): Achievement Awards
for Kids Asthma Management Program; Crozer-Keystone Wellness Center; Wellness Works,
employee-based health promotion and education program; patient flow coordination system.
We’re 5 hospitals, 2,600 doctors and nurses
and 7,100 caring people with 1 vision.
Crozer-Keystone. Something to feel good about.
“Crozer-Keystone physicians” are those doctors who hold staff privileges at CKHS-owned hospitals. They may not be employees of CKHS or its subsidiaries.
CROZER-CHESTER MEDICAL CENTER ~ CROZER MEDICAL PLAZA AT BRINTON LAKE ~ DELAWARE COUNTY MEMORIAL HOSPITAL
TAYLOR HOSPITAL ~ SPRINGFIELD HOSPITAL ~ MEDIA MEDICAL PLAZA
CALL
1 . 8 0 0 . C K . H E A LT H
OR VISIT
W W W. C R O Z E R . O R G
TO LEARN MORE.
%
6
APY*
SAVING
FOR YOUR N E X T
VA C AT I O N I S A
BREEZE
Save year-round with a...
FMFCU is pleased to offer this NEW account to make saving for a vacation even easier.
• Earn 6% APY*
• $2,500 maximum savings
For more information on the vacationeclub,
visit www.vacationeclub.com or call the
Member Service Center 610-325-5100,
or 1-800-220-3193 (outside of PA).
• Electronic transactions only
(payroll deduction, direct deposits,
online banking, eTransfers, PAT)
• eTransfers
NEW
SERVICE!
Set up your own ACH electronic deposits
or withdrawals between FMFCU and other
financial institutions
FRANKLIN MINT
P.O. Box 1907 • Media, PA 19063-8907
www.fmfcu.org
* 6% APY (Annual Percentage Yield) is the initial dividend yield. You will be paid this yield until
at least 12/31/07 on balances up to $2,500. After a balance of $2,500 is reached, the dividend
yield for your account will be 2% APY. Variable rates apply after stated guaranteed rate ends.
Transactions must be made electronically. Deposits are limited to $750 per calendar quarter.
Balances exceeding $750 per calendar quarter are subject to transfer back to your Statement
Savings Account. One account per member. Offer may be withdrawn at any time. See
account disclosures for additional information.
Presorted
Standard
PO
U.S.FPostage
PAID
PSB
92630

summer fun issue summer fun issue - Franklin Mint Federal Credit

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