Powerco Press 0415 final - Powerco Federal Credit Union

Spring - Summer 2015
Insights & Information to
Power Your Financial Success
HOME LOANS
Picture This!
We’ve lowered our in-house
mortgage loan origination
fees! Plus, for a limited time,
get an additional .25% off the
origination fee when you open
a Powerco Checking Account
with direct deposit.
❱ Free pre-qualification
❱ Competitive rates
❱ Save big by not paying any state
intangible tax
❱ Low closing costs
Apply online to expedite your loan
Daily rates and additional
information on Powerco’s many
home loan financing options
can be found on our website in
our Online Mortgage Center.
This information is not an offer to extend consumer credit
as defined by Section 226.2 of Regulation Z. Rates and
terms are subject to change without notice. In-house
mortgages available in Georgia and Mississippi only.
Special offers not available on mortgages financed
through CU Members Mortgage. NMLS# 762143
VACATION LOANS
Home Equity Line of Credit
LIMITED TIME OFFER
EXPIRES 6/30/15
APR*
Your Dreams. Your House. Your Choice!
It’s time to do it for your selfie! Whatever is on your
bucket list, Powerco can help with a home equity line of
credit at a special 1.99%APR rate.* Whether it is decorating,
remodeling, expanding or landscaping your home or using
your home’s equity for bill consolidation, educational
expenses, a wedding or a dream vacation, we can help.
Our Prime Rate Home Equity Line of Credit offers check
access to your equity and, once approved, you can take
advances on the credit line for 15 years. You only pay
interest on the outstanding balance.
Loans are available for up to 90% of the equity in your
home, even if you have recently purchased or refinanced.
With the continued rise in home values, you could have
loads more equity in your home than you think.
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No Closing Costs — Save over $1,000!
No Points or Annual Fees
Promotional 1.99% APR* rate for the first year of the
loan and after that it will remain at the Prime Rate for
the life of the loan.
Interest May be Tax Deductible
Questions? Call a Mortgage Specialist at
(404) 506-3750 or 1-800-633-5217.
APPLY ONLINE AT WWW.POWERCO.ORG
*Receive 1.99% APR for a one-year period when you make a minimum advance of $5,000 at
closing and maintain the minimum balance for the first three consecutive billing
cycles. The rate will adjust on the first year anniversary of the date of closing to
the Prime Rate as listed in the Wall Street Journal and is subject to change
quarterly thereafter. After the initial discount period, the minimum APR that can
apply is 5.00%. Access up to 80% of the equity in your home on loan amounts
exceeding $50,000. Maximum loan amount is $100,000. Promotional rate not
available on existing Powerco HELOCs. Home equity loans available in
Georgia and Mississippi only. For complete details, see the Home Equity
Disclosure Statement within the application or contact a Mortgage Loan Officer.
NMLS# 762143
80 Years of “Powering Your Financial Success”
Your Vacation.
Your Destination.
❱ Borrow up to 2x your monthly income
❱ Take up to 48 months to pay off your
balance
❱ Convenient fixed monthly payments
❱ Secured by your good name
❱ Rates start at just 8.50%APR
❱ Simple Application
❱ Fast Processing
❱ Apply online anytime
*Your Annual Percentage Rate (APR) is based on credit
worthiness and term of loan and could be higher than the
stated rate. All rates and terms are subject to change
without prior notice. For complete details, contact a
Powerco Loan Officer.
www.powerco.org
In 1935, news headlines told
of bank runs and a 22%
unemployment rate. It was a
time when many couldn’t get
As Powerco emerged as a fledgling credit union, it was
credit, or if they could find a
amidst some historical headlines. It was the year that Babe loan it might be a whopping
Ruth swung his bat the final time before entering retirement 1000% interest rate. It was
at age 40. Hasbro began selling its still popular Monopoly
during that time that
game. It was the year of Black Sunday and the year the
Powerco formed, offering its
Dust Bowl ravaged the Midwest. President Franklin Delano members a better financial
Roosevelt launched the New Deal and built a gold vault at future. Since then, Powerco
Fort Knox. The first Penguin book was published, ushering has continued to power the financial success of its
in the age of paperbacks. The Social Security Act became
membership and is proud to have served (and
law and the Great Depression weighed heavily upon the
continues to serve) generations of families.
nation. The Nuremburg laws were passed, signaling the
A lot has changed since our humble beginnings but the
gathering of war clouds. The year of 1935 brought the
commitment to our membership has remained the same.
invention of nylon, the debut of the Gallop Poll and the first
We’re holding a yearlong celebration to thank our
meeting of Alcoholics Anonymous.
members. Keep on eye on our website, www.powerco.org,
or register for our Powerco eXpress eNews
The average cost of a new house was $3,450 and the
electronic newsletter to be among the first to know
average wages were $1,600 per year. A gallon of gas
was just 10 cents and a pound of hamburger meat was about special events, promotions and discounts we’ll be
offering as part of our 80th Anniversary Celebration.
11 cents. The average price of a new car was $625.
At Powerco Federal Credit Union, we’re proud of our
old age. We’re celebrating 80 years of “Powering
Your Financial Success” in 2015.
“Powering Your Financial Success” Since 1935
Insights & Information to Power Your Financial Success
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Credit Up to 2x Your Monthly Income
Spring home spruce up...back-to-school shopping….
summer vacation. Now is the perfect time to apply
for a low-rate VISA® Gold Card to make your new
purchases or use our free balance transfer
service to switch existing balances to a lower rate.
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Verified by VISA™
™ Security
Free Online Account Access
$500,000 Travel Accident
Insurance
Purchase Security Protection
Extended Warranty Protection
Worldwide Acceptance
25-Day Grace Period for
Purchases.
Not linked to any account, so
there’s no risk if lost or stolen.
Safer than carrying cash.
*Variable rate effective 4/1/15 and is subject to change
monthly. The APR is determined by adding 6.65% to
the highest Prime Rate published on the first business
day of the previous month in The Wall Street Journal
Money Rates column. Complete disclosures available
upon request.
NCUA Youth Month
Visit Powerco Federal Credit Union during April
and help us celebrate
National Credit Union
Youth Savings Month.
Powerco will show youth
and teens how to watch
their savings bloom at their
credit union. NEW! We
now have a checking
account designed just for
students. PowerLink
Student Checking
Accounts were designed
with young adults in mind and are available
to students ages 16 to 25.
Mechanical Breakdown Protection
Powerco is pleased to offer members up to
2x their monthly income. Yes, 2x your monthly
income! With the average variable rate Gold card
at 15.75% APR (and climbing), Powerco’s VISA
Gold is a solid financial move at just 9.90%
APR.*
How many times have you heard stories about
vehicles breaking down right after the warranty
expires? Powerco offers Mechanical Breakdown
Protection (MBP) for thousands of dollars less than
comparable policies available through dealerships.
With Powerco’s VISA Gold, you’ll never pay an
annual fee. You’ll also get free balance transfers
and free online access to your account.
While it is available to purchase with your
low-rate Powerco loan for a new or used
vehicle, it is also available for new and used
vehicles purchased elsewhere — at the same
low price!
Powerco’s VISA Gold includes a low rate (always
just Prime+6.65%) and exceptional member
service. When you have questions about your
Powerco VISA account, you’ll speak directly with a
Powerco representative. You won’t be forwarded to
a random agent in a call center.
Apply for VISA Gold online or call Powerco for
additional information and to apply.
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Free Balance Transfers
No Annual Fee
Balance Transfer Request Form Available
Online at www.powerco.org
MEMBER RESOURCES
2014 Annual Reports
Powerco’s 2014 Annual Report was
distributed to members during our
2015 Annual Membership Meeting
in March.
Copies of the 2014 Report are now
available at your local Powerco
branch.
Complete details on MBP are available on our
website. Our MBP also includes a number of
additional benefits at no extra charge, such as:
Gift of Membership
❱ 24 hour roadside assistance ❱ Tire protection
❱ Rental vehicle assistance ❱ Nationwide protection
❱ Trip interruption coverage ❱ No claims limit
❱ Repairs can be made at any licensed U.S. repair
facility — you choose where to take your vehicle
❱ Coverage is transferrable
More News at WWW.POWERCO.ORG
Do you need a unique gift idea for a
birthday, graduation, wedding or the
birth of a new family member?
We now have Gift of Membership
Certificates available. Give the gift of
membership with just a $5 deposit to
open their Share Savings Account
and we’ll give you an elegant Gift of
Membership Certificate to present to
the recipient. Call or stop by your
local branch for details.
Your Cash. Your Checking. Your Credit Union.
Traditional PowerChek Checking. NEW! PowerPro Checking. NEW! PowerLink Student Checking
You now have choices when it comes to
NEW! PowerLink Student Checking
which checking account fits your lifestyle. In ❱ No minimum balance requirement
addition to our traditional, interest-bearing
❱ Minimal fees
❱ No monthly service charge*
PowerChek Checking Account, Powerco
now offers a checking account for our
❱ Free VISA® check card
members who are on-the-go,
❱ eStatements
PowerPro Checking. We’ve also
PowerChek Checking
added the PowerLink Student
Checking Account, which is designed
Members Age 18+
Checking Designed For...
for members ages 16 to 25.
NEW! PowerPro Checking
❱ No minimum balance requirement
❱ Minimal fees
❱ No monthly service charge*
❱ Free VISA® check card
❱ eStatements
❱ Privilege Pay Overdraft Protection
❱ Free mobile banking with eDeposit
❱ Money 101 Financial Education
❱ Free Online Banking & Online
BillPay with bill presentment
*For complete account details, please see the PowerChek
Checking, PowerPro Checking and PowerLink Student Checking
Agreements, Rate and Fee Schedule and Account Disclosures.
❱ Privilege Pay Overdraft Protection
❱ Free mobile banking with eDeposit
❱ Money 101 Financial Education
❱ Free Online Banking & Online BillPay with
bill presentment
PowerPro Checking
PowerLink Student
Checking
Members Age 18+
Members Ages 16 to 25
Minimum Deposit to Open
$50
$50
$25
Minimum Balance*
Maintain Balance of $400 to avoid
$0
$0
No monthly service charge with direct deposit
of net pay; maintain a $400 minimum daily
balance; or be 55 years of age or older.
Maintain Privilege Pay Overdraft
Protection and eStatement Service.
Maintain Privilege Pay Overdraft
Protection and eStatement Service.
Earn Dividends
Free VISA® Check Card
Free Online Banking & Online BillPay
Privilege Pay Overdraft Protection
eStatements
Free Mobile Banking with eDeposit
How to Maintain a
Free Checking Account