Credit Union News - Indiana Lakes Federal Credit Union

Credit Union News
Summer 2014
Your Community Federal Credit Union
Established in 1977
New Help to Choose the
Safest Car
Deaths from traffic accidents have
dropped sharply as safety features
like air bags improved the likelihood
of car occupants surviving a crash.
But new safety technology can
prevent some accidents from occurring in the first place. First luxury cars
and now midpriced vehicles have
added systems that warn a driver
when a front-end crash is imminent and, in some cases, apply
the brakes automatically.
The Insurance Institute for Highway Safety rated vehicles in
three categories—superior, advanced, and basic. Each rating
depends on the equipment offered and its performance in braking tests at 12 miles per hour (mph) and 25 mph to simulate
city driving. Here’s a closer look at what each rating means and
which cars fell into that category:
* Superior: To get this highest rating, a vehicle needed to offer
autobraking and perform well in the testing. Subaru’s Legacy
sedan and Outback wagon with their so-called Eyesight system
got the highest rating because they were the only vehicles to
avoid crashes entirely in both the 12 mph and 25 mph tests.
Cadillac’s Automatic Collision Preparation System was next
best. The Cadillac ATS sedan and SRX SUV both avoided a
crash at 12 mph and reduced the speed by more than 15 mph
before crashing in the 25 mph test. The three other vehicles
that achieved a superior rating are the Mercedes-Benz C-Class
sedan and the Volvo S60 sedan and XC60 SUV.
* Advanced: Models with this rating offer forward collision
warning combined with autobraking that performed less well in
the tests. Some of these systems, including Acura’s Collision
Mitigation Brake System, are designed to slow the car down
before a crash but not avoid it entirely, according to the IIHS.
Vehicles with advanced ratings include the 2014 Acura MDX
SUV, the Audi A4 sedan and Q5 SUV, the 2014 Jeep Grand
Cherokee SUV, the Lexus ES sedan, and the 2014 Mazda 6
sedan.
* Basic: In this rating, a vehicle has a forward collision warning
but no autobraking. Each system also must meet NHTSA criteria of sounding a warning within a certain time before a crash.
Some vehicles advertised with autobraking— such as the
BMW 3 series and the Infiniti JX SUV—got a basic rating because they did not perform well enough in the testing.
Consumers who want crash prevention technology have a
fair number of vehicles to choose from. And INDIANA LAKES
FCU members have access to the best loan rates and terms.
Talk to one of our loan officers today.
How To Tell If Your ID Has Been Hacked
The 2013 Identity Fraud Report from Javelin Strategy & Research, Pleasanton, Calif., revealed that almost one of four
consumers who received a data breach letter became a victim
of identity theft. The same study revealed that consumers
who had their Social Security number compromised in a data
breach were five times more likely to be a fraud victim than
the average consumer.
How can you tell if your identity has been compromised?
* Surprise! You’re denied. If your credit card is denied, find
out why—especially if you always pay on time and haven’t
reached your spending limit. Don’t shrug it off and assume
your card will work the next time; investigate immediately.
* Unexpected increase in an account balance. This could be
a sign that someone made changes in your name and
went shopping, hoping to leave you with the bill.
* Unauthorized inquiries. If you see inquiries on your credit
reports that you didn’t initiate, that’s a sign someone might
be trying to open credit in your name.
* Sudden drop in credit score. An unexplained drop in your
credit score is a sign someone is using—and trashing—
your credit.
* Mysterious new account. The sooner you notice unauthorized accounts opened in your name, the faster you can
shut them down.
Bottom line: Review your credit reports regularly. You can
order one free credit report a year from each of the “big three”
credit reporting agencies—Equifax, TransUnion, and Experian—at AnnualCreditReport.com. And keep an eye on
your credit score. Ask at INDIANA LAKES FEDERAL CREDIT UNION for help, or visit myfico.com. Finally, contact one of the
credit bureau fraud units about placing a fraud alert on your
file. Find contact and phone numbers at ftc.gov/identitytheft.
Indiana Lakes Federal Credit Union Members Save Big
with the Sprint Credit Union Member Discount
Credit Union Summer/Fall
Closings 2014:
July 4th & 5th - Independence Day
August 30 & September 1 - Labor Day
** We are Closed on Saturday when a
Friday or Monday holiday occurs within
the same weekend.
Top 5 Reason to Open a Christmas
and Vacation Club Account
1) Christmas and Vacation comes every
year with great expense. Wouldn’t
it be nice to have the money saved
up in installments ahead of time?
2) It allows you to decide how much
you want for the June 1 and November 1 payouts and hands you CASH!!
3) By using Direct Deposit and diligent
manual weekly/bi-weekly savings,
you are working towards a very rewarding goal = PAID IN FULL!
4) Imagine not having to pay years of
future interest on a past event?
5) It is easy to open these accounts stop by the credit union today!!
Tired of paying too much for your cell bill? We don’t blame you. So we’re helping
you save with the Sprint Credit Union Member Discount from Invest in America.
As a Indiana Lakes Federal Credit Union member, you can save on your monthly
wireless bills – plus have your activation and upgrade fees waived.
Our members can get:
●
10% off of select regularly priced Sprint monthly service
●
Activation fee waived (up to $36 in savings)
●
Upgrade fee waived (up to $36 in savings)
3 Ways to Get Your Discount:
●
Call 877.SAVE.4CU (877.728.3428) and let them know you’re a credit union member. Ask to be a part of the NACUC_ZZM Corporate ID to save
●
Click LoveMyCreditUnion.org/Sprint
●
Visit your nearest Sprint store
Current and new Sprint customers need to verify credit union membership to
take advantage of these exclusive discounts. Visit www.Sprint.com/verify or
download the Invest in America app in iTunes or Google Play to verify your membership.
Stop paying too much for your wireless services, start saving with the
Sprint Credit Union Member Discount today.
Get Your Theme-Park Tickets at Indiana Lakes Federal Credit Union
IndianaBeach.com
CedarPoint.com
VisitKingIsland.com
HolidayWorld.com
We are pleased to have discounted tickets for our Credit Union Members. Please purchase your tickets in the
lobby during normal weekday business hours, or call ahead to have them pre-paid to pick-up at the drive thru.
INDIANA LAKES FEDERAL CREDIT UNION
P.O. BOX 1064
WARSAW, IN 46581-1064
HOURS LobbyMON - FRIDAY
9 AM - 5 PM
Drive-up- MON - THURSDAY 9 AM - 5 PM
FRIDAY
9 AM - 6 PM
SATURDAY
9 AM - NOON
TELEPHONE 574-267-7497, (OR EXT. 12741)
Sybil 574-372-4646 or 877-914-4646
FAX 574-269-9509
Toll Free 1-800-371-6762
ONLINE — WWW.ILFCU.COM
EMAIL — HELPDESK@ILFCU.ORG
DEPOSIT AND LOAN RATES
APY
Regular Share Savings… .. 0.15%
6 month Certificate.....… 0.15%
12 month Certificate...... 0.20%
18 month Certificate...… 0.30%
24 month Certificate...... 0.40%
Money Market Accounts………..
$0 –2,499…………........ 0.15%
$2,500—24,999 ……… 0.20%
$25,000– 99,999……… 0.20%
$100,000 & over…….... 0.30%
Rates as low as:
Home Improvement......................…...….........5.50% A.P.R.
New Car - up to 60 months.........………..….....2.74% A.P.R.
Used Car - 2013-12...................………..….....2.74% A.P.R.
- 2011-10....…………..…..…..….....2.74% A.P.R.
- 2009-08....……..…………..….......2.74% A.P.R.
- 2007 or older….......…...…...…....5.75% A.P.R.
Signature …..7.9%, 9.9%, 10.9%, 12.9%, or 17.90% A.P.R*
Misc/Secured - 48 month......…...……....…......6.75% A.P.R.
H.E.L.O.C (Home Equity)………..…..………... 3.75% A.P.R.
Mortgage Information…………...…..….Call the Credit Union
VISA……….….6.9%, 8.9%, 10.9%, 12.9%, or 15.9% A.P.R*
* Based on individual credit criteria
NOTICE: ALL RATES SUBJECT TO CHANGE
WITHOUT PRIOR NOTICE, ALSO DUE TO
TIMING, AND/OR CREDIT HISTORY