Home Equity Loan Sale - Butler ARMCO Employees Credit Union

Published for the Members of Butler Armco Employees Credit Union
Home Equity Loan Sale
$
1/2% OFF
Flowers are blooming and so are the great deals at
BAECU! In fact, take ½% off any fixed-rate Home Equity
Loan up to 84 months and up to 85% Loan-To-Value.
Spring 2016
NEW Online
Banking!
It seems like not long ago
BAECU was introducing
PCTeller online banking. But
it was actually introduced way
back in 2006. While it has served
us well for all these years, it’s time for an upgrade!
Coming this Spring, we are introducing a NEW online
banking service. As you’ve come to expect from your
Credit Union, we’ve listened to your suggestions for
improvements. Here are some of the enhancements
the new online banking will provide.
• No annual fees
• Fixed rates and payments
• Apply over the phone • We cover the appraisal!*
Greater security – Gone are the days of using your
account number during the login process. The new
system allows you to choose your own Username.
Additional security features include: Advanced data
encryption technology to help prevent unauthorized
access, two-way secure messaging, timed logouts, and
last session details/event log.
Take advantage of these excellent rates from your
Credit Union through May 31st!
Online registration & password resets – You’ll no
longer need the help of Account Servicing to sign up
for online banking, or to reset your password.
What Can You Do With A Home Equity Loan?
Great for home improvements, bill consolidation,
education, even home refinancing. Benefits:
Loan-To-Value
(0-85%)
1st Lien Position
2nd Lien Position
Annual Percentage Rate
Term
Was
NOW
2.25%
5 years 2.75%
2.60%
7 years 3.10%
3.25%
5 years 3.75%
3.50%
7 years 4.00%
See Page 3 for additional rates and terms
Approval subject to credit decision. Minimum loan amount: $20,000. Offer
subject to withdrawal or modification without notice. Refinancing of existing
BAECU Home Equity Loan requires $20,000 or more in new money borrowed.
*Member to pay $150 origination fee. Credit Union to pay remaining closing
costs, including appraisal fees, on behalf of the member (excludes title
insurance when required). Other terms and conditions may apply. Contact the
Credit Union for complete details.
Enhanced account transfer – Transfer to other
accounts within the Credit Union ... all online.
Mobile check images – View your check images right
from your mobile device.
Integration – Access your online loan applications,
bill pay, credit card transactions, open accounts, etc.
– all with one set of login credentials and without any
pop-ups.
Export feature – Export your transaction history in
spreadsheet format, including MS Excel.
Look for more information on this improved service
on our website in the coming weeks.
Attend a Seminar on
Social Security and
Your Retirement
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, May 17, 2016 at 6:30 P.M.
Fall Seminars will be held:
Tuesday, September 20, 2016 at 6:30 P.M. and
Tuesday, October 25, 2016 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?
• A
re 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.
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
FRAUD
...and its
effect on you
We all fear becoming a victim of identity
theft or fraud. Checking your credit
report, using our free eAlerts service, and
being vigilant about your account all help
you protect yourself from falling victim.
Here are some other instances you may
not have thought of…
Traveling
Some of the highest instances of fraud in
this country happen in travel destinations
such as Florida, Texas, and California.
Fraudsters in these areas often target
debit cards. Because of that, we ask that
you notify us if you’re traveling out of state
and intend to use your debit card. This
will help us monitor possible fraudulent
transactions. We also recommend you
have more than one form of payment
available to you when traveling (credit
cards, cash, traveler’s cheques).
Password Security
Recent research has found that many
people re-use online passwords. With so
many sites asking you to log in and create
a password, people often find it easiest to
re-use passwords. Even with outstanding
virus protection and anti-spyware, you
could still be at risk. How you ask? The
websites you visit keep login information in
a database. If cyber thieves target that site
and steal your login info, they could then
target your financial accounts using the
stolen password.
The browser security service, Trusteer,
recommends you have at least three sets
of passwords: one for financial web sites
only, another for nonfinancial sites that
house sensitive info about you, and a
third for web sites that don’t contain any
confidential information at all.
Has Your Tree Grown?
LOAN RATES
As Spring arrives, we gladly see the trees and flowers start to bloom. Membership at BAECU allows for its own tree and growth – the
Family Tree.
Auto
2014-2016
2013
2012
2011
2010
2009
2008 & older
Field of Membership
Brother
or
Sister
0
37
61
0
61
0
0
0
0
0
–
–
–
–
–
–
–
–
–
–
36
60
72
60
72
60
54
48
48
36
1.50%
2.00
2.60
2.25
2.95
2.50
2.75
3.00
3.25
3.50
Home Equity Loan
Parents
1st Lien 0– 60
2.25%
(0-85% LTV)
61– 84
2.60
85–1203.25
121–1803.75
2nd Lien 0– 60
3.25
(0-85% LTV)
61– 84
3.50
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 3.50
Spouse
BASE
MEMBER*
Term (months) APR*
Mortgage
Call or view website for rates
Other Collateral
0 – 36
11.25%
0 – 60
0 – 42
1.90%
11.00
10.50
11.75
Personal
Grandparents
Children
Savings Secured
Signature
Line-Of-Credit
VISA
GrandChildren
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%
Let your Family
Tree blossom
with membership
at BAECU!
*Includes employees, retirees,
un-remarried widows and
widowers of our Sponsor
Organizations.
DIVIDEND RATES
Avg. Daily Balance
Federally insured
by NCUA
Rate
APY**
0.10%
0.30
0.10%
0.30
Savings & IRA Savings1
0.01 - 50,000
50,000.01 - above
Checking
Holiday Closings
Independence Day
Monday, July 4, 2016
0.10
0.10
0.01 – above
0.10
0.10
Certificates2
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.
Memorial Day
Monday, May 30, 2016
0.01 – above
Christmas Club1
IRAs2
Call or view website for rates
Call or view website for rates
Rates as of April 1, 2016.
All information subject to change or correction at any time.
*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
Another Way To Pay For College
BAECU Now Offers a Private Student Loan Solution with Your Best Interest in Mind!
Paying for college is a challenge many students and parents face. In recent years, the gap between available federal
aid, such as loans and grants, and the cost of education has grown larger than ever before. BAECU is here to help
with Credit Union Student Choice private student loans.
Here are just a few Student Choice benefits...
• Zero origination fees
As low as
6.00%
*
• Low interest rates
• D
eferment of principal and
interest while in school
APR
• O
ne application for your entire
Undergraduate enrollment
• Flexible repayment terms
As you’ve come to expect from your Credit Union, our rates will be some of the best you can find, and we’ll make the
lending process a simple one. Visit www.baecu.com for more information on this valuable program. We look forward
to helping you achieve a higher education without the higher price tag!
*Annual Percentage Rate. The index rate is variable and will adjust quarterly, using the Prime Rate as published in the Money section of the Wall Street Journal on the first business
day of the preceding month. Rates will range from 2 – 5% above the Prime Rate, with a floor rate as low as 6.00%. Your rate will be determined based on credit approval. Other
terms and conditions may apply. Contact the Credit Union for complete details.
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 April 30, 2016. If your
name is drawn, you’ll win a $25 Gift Card. You must be a member to win.
1. Get a 5 year fixed rate home equity loan for just _______% APR through May 31st.
2. The new Online Banking features enhancements such as _______________________, ______________________, & ______________________.
3. Join MFS for the next Social Security seminar on Tuesday, _______________________, 2016, at 6:30 P.M.
Name_________________________________________________________________________________________________________________________________________
Address ______________________________________________________________________________________________________________________________________
Phone Number_________________________ Account Number_________________________________________________________________________________
Congratulations to the winners of our Winter 2016 newsletter contest: Don Askey, David Bingham, and Karen Wehr. 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)