Money News - ABCO Federal Credit Union

Money News
A Quarterly Publication
Fall
100 Million Memberships
Reached at Credit
Unions Nationwide
(Source: Credit Union National Association, 8/5/14)
Credit unions have reached and
surpassed 100 million memberships
nationwide—equating to one in every
three Americans, the Credit Union
National Association announced today.
“Clearly, there is growing recognition for
credit unions among consumers,” said
CUNA President/CEO Bill Hampel. “They
increasingly understand that a credit
union places their interests above all
else, particularly in returning financial
benefits to consumer members in the
forms of lower rates on loans, higher
returns on savings, and lower and fewer
fees.” He added that, in 2013, those
financial benefits totaled more than
$6 billion.
In 2013, the Chicago Booth Kellogg
School Financial Trust Index showed
that consumers trust credit unions more
than banks. The index, sponsored jointly
by the Kellogg School of Management
at Northwestern University and the
University of Chicago Booth School of
Business, showed trust in credit unions
is 62%, while trust in big banks is 28%.
Hundreds of credit union members have
shared their credit union stories with their
photos on americascreditunions.org and
social media to show they are part of
an organization that focuses on their
best financial interests. Learn more at
www.americascreditunions.org.
14
Join Us as We Celebrate International Credit Union Day
On October 16, 2014, credit union members around the world will celebrate International
Credit Union Day®, an annual event to commemorate the credit union movement’s impact
and achievements. In honor of this special day, there will be giveaways at all nine ABCO FCU
branches! Bring in a family member or co-worker to join! We’ll waive the $10 membership fee
and donate $10 to the ABCO Federal Credit Union Foundation, which provides scholarships for
area students.
Since 1948, International Credit Union Day has been celebrated annually on the third Thursday of
October. Each year, the international event affords the opportunity to remember credit unions’ proud
history and promote awareness of and support for the credit union difference. This year’s theme,
“Local Service. Global Good.TM, ” emphasizes credit unions’ positive impact in their communities and
around the world.
Credit unions are not-for-profit financial cooperatives that provide an effective and viable
alternative to for-profit financial institutions. We exist to serve our members, providing a safe
place to save money and access affordable loans.
Thank you for voting us Best Credit Union
in Burlington County 5 years in a row!
talk about savings.
say hello to the Sprint Credit Union Member Discount.
Learn more
• Call: 877.SAVE.4.CU
• Visit: www.SprintStoreLocator.com
• Click: LoveMyCreditUnion.org/Sprint
C onsumers
Sa ve
10
%
Businesses
Sa ve
or
15
%
On select regularly priced
Sprint monthly service.
Plus, waived activation
& upgrade fees (up to
$36 in savings each).
G e t your FREE Love
My C re dit Union
Re wa rds a pp a nd
simplify c re dit union
me mbe rship
va lida tion.
Be sure to mention this code for your discount
• Consumer: NACUC_ZZM
• Business: NACUC_ZDS_ZZM
Credit union membership
validation is required.
Credit approval req. Early Termination Fee (sprint.com/etf): After 14 days, up to $350/line. IL Discount: Available for eligible company employees or org. members (ongoing verification). Discounts subject
to change according to the company's agreement with Sprint and are available upon request for monthly svc charges on select plans. Discount only applies to data buy-ups/add-ons for Unlimited, My Way
and Framily plans, Talk 450, and primary line on Talk Share 700. Other Terms: Offers and coverage not available everywhere or for all phones/networks/plans. Restrictions apply. See store or sprint.com or
www.lovemycreditunion.org/Sprint. ©2014 Sprint. All rights reserved. Sprint and the logo are trademarks of Sprint. Other marks are the property of their respective owners.
2014 Sprint Item #800-22
©2014 CU Solutions Group 080614 3124
goabco.org • 800-225-1859
Important Notice:
Paper Statement Fee
MAILING ADDRESS
P.O. Box 247, Rancocas, NJ 08073-0247
goabco.org
LIKE US
PHONE (ALL LOCATIONS)
800-225-1859
MEMBER CARE
Email: membercare@goabco.org
24/7 TELEPHONE BANKING
800-808-2226
OTHER SUPPORT NUMBERS
Visa® – Evenings, Weekends and Holidays
Visa® Credit Card........................800-453-4270
Visa® ATM/Check Card..............800-523-4175
Bill Payer........................................877-760-6004
OFFICE LOCATIONS
WILLINGBORO AREA
MAIN OFFICE
FULL SERVICE BANKING CENTER
690 Beverly-Rancocas Road
LENDING CENTER
East Ridge Shopping Center
621 Beverly-Rancocas Road
RANCOCAS VILLAGE
215 Main Street
BRANCH OFFICES
ATLANTIC CITY
2652 Atlantic Avenue
BROWNS MILLS
81 Pemberton-Browns Mills Road
COOPER HOSPITAL
(Hospital Employees Only)
1 Cooper Plaza, Camden
EGG HARBOR TWP.
6716 Black Horse Pike, Suite 8
GLASSBORO
Doubletree Center, 870 Delsea Drive
MOUNT HOLLY
76R High Street
RIDER UNIVERSITY
Ground Floor of the BLC
Next to University Bookstore
FOR CURRENT HOURS OF OPERATION
AND DIRECTIONS TO OFFICES
Go online @ goabco.org or call us.
ABCO FCU’s ROUTING
AND TRANSIT NUMBER
2312-7827-4
Due to the increasing cost of providing paper statements, ABCO
Federal Credit Union has found it necessary to implement a paper
statement fee of $1/statement beginning October 1, 2014. The
price of postage, paper, printing and processing paper statements
adds up to be a significant annual expense.
Remember that credit unions are not-for-profit financial cooperatives and, as a member, you are
part owner of the credit union. Saving money allows us to return more money to members in
the form of more services, better rates and lower fees.
To avoid paying the paper statement fee, we encourage you to consider moving from a paperbased option to e-statements. E-statements provide the same information as paper statements
and are securely available through online banking. Enrolling in e-statements will allow you to
access up to 18 months of statements 24 hours a day/7 days a week.
You can sign up for e-statements by visiting goabco.org/onlinebanking. Once you are
registered for online banking, simply click on the estatements tab which will walk you through
the short enrollment process. We are here to help! Visit goabco.org/estatements or contact
Member Care at 1-800-225-1859.
Note: Members under 18 and over 64 years of age will not incur the fee.
ABCO FCU Donates to Operation Backpack for a Third Year
This summer, ABCO Federal Credit Union and its
members once again pulled together to help South
Jersey’s children start the school year off right
by contributing to the Center for Family Service’s
Operation Backpack. ABCO was a corporate sponsor
of the event and donated 50 backpacks, while ABCO
members and employees contributed additional
backpacks and hundreds of notebooks, folders, pencils, binders and more. Operation
Backpack is a community-wide initiative that provides support to disadvantaged
children and teens throughout southern New Jersey. The Center for Family Services
provides the students in its programs new backpacks filled with school supplies at the
start of each school year.
ABCO Federal Credit Union and the Center for Family Services thank those who so
generously donated.
Board of Directors Nominations and Election Procedures
Richard Ghaul, Ellen Kuiper and James Cotten have been selected by the
Nominating Committee to fill three vacancies on the 2015 ABCO FCU
Board of Directors. Additional nominations for the Board of Directors may
be made by petition. If you are interested in being nominated by petition
for one of the seats on the 2015 Board, please send your request in writing
to: Secretary of the Board of Directors, ABCO Federal Credit Union, P.O. Box 503, Rancocas, NJ 08073.
You will receive a packet of information explaining the procedure. This packet must be completed
and received by close of business December 31, 2014.
The 2015 Annual Meeting is scheduled for March 24, 2015. The election of two Directors will take
place at that time. Nominations from the floor will not be entertained unless circumstances prior
to the election result in an insufficient number of candidates for the vacancies.
ABCO FCU is not responsible for typographical errors, omissions or misprints in this publication.
Join Us for a
College Funding
Seminar on
October 16th
Have a child in 6th
to 11th grade?
Learn why it is never
too early to plan
for funding
higher education.
College Funding Seminar
For Parents and Students
Date: Thursday, October 16th
Time: 6:30 pm Place: Carlucci’s Waterfront, Mt. Laurel
Topics will include:
• Differentiating scholarships, grants, loans, etc.
• An introduction to the wide-ranging scope
of scholarships
• When to start your search for scholarships
• Positioning yourself/your child for scholarships
• How and where to find scholarship information
• The basic scholarship application
• Financial planning—Find out ways to maximize
your savings and alternate ways to fund the
expenses that scholarships and grants do
not cover
This fast-paced seminar is free to credit union
members. Take-home materials will be made available.
Advanced registration is required. Send an email to
seminars@goabco.org telling us your name and the
number in your party.
Sponsored By: Hold On To Education, a Burlington County
Non-Profit Student Services Organization and ABCO Federal
Credit Union
Congratulations to our
2014 Scholarship Winners
Last fall, ABCO Federal Credit Union announced its annual scholarship
program for high school students planning to attend college in
September of 2014. The scholarships were awarded based on
scholastic achievement, extracurricular and community activities,
teacher references and leadership qualities.
Entries were submitted and forwarded for judging to the New Jersey
Credit Union League’s Youth Involvement Board.
Our members’
participation in ABCO’s Annual Scholarship Fund was such that our
Board of Directors was able to issue five awards in the amount of
$1,000 each. As participation in the Scholarship Fund Drive continues,
so will the opportunities for future scholarship applicants.
We are
pleased to announce the five lucky winners (from left to right):
Megan Reilly - Mt. Holly, NJ, The College of New Jersey
Callan Tweedie - Glassboro, NJ,
Rowan University
Sean Patrick Kenney - Lumberton, NJ,
Lehigh University
Samuel Conley - Rio Grande, NJ,
New Haven University
Christopher Castellano - Northfield, NJ,
University of Maryland
(not pictured)
Congratulations to all of our winners!
The 2015 scholarship
application will be available after the first of the year.
Our Visa® Rewards Program
JUST GOT BETTER!
Over 50 gift card options from popular retailers
now available in our rewards catalog!
Use your ABCO FCU debit or credit card for
purchases and watch your points add up.*
• Earn one point for every
dollar spent with your
ABCO Visa® credit card.
• Earn one point for every
two dollars spent with
your ABCO debit card.
6,200 points = $50 gift card
Track your point total and order rewards at
scorecardrewards.com
( To earn points: Be
sure to sign for your
purchases when using
your debit card.)
*Points will not be awarded when refunds on
purchases have been made. There is no fee to
participate or redeem gifts.
Not a cardholder? Ask your teller for an application or visit goabco.org to apply today!
Make Your Winter
WISHES
Come True!
Holiday
SKIP-A-PAYMENT
Skip the December or January payment
on your ABCO loan(s)!**
A fee of $30 per loan applies. Return the form
below or visit a branch and ask a teller.
Jingle
LOAN
$1,200 for 12 months
*APR=Annual Percentage Rate. Subject to credit
may qualify for a lower
12% APR*
approval. Some members
rate. Rates based on credit
worthiness.
goabco.org/jingle
SKIP-A-PAYMENT FORM:
**Holiday Skip-A-Payment not available on mortgages, home equity loans,
privilege pay loans, credit builder loans and Visa® credit card payments.
YES, I/we would like to Skip-A-Payment on my/our loan(s).
Date
If you have more than one loan, you can skip the same
month for all loans, December or January.
Member Name
Address
DECEMBER (must be received prior to Dec. 10, 2014)
City/State/Zip
JANUARY (must be received prior to Jan. 10, 2015)
Account/Member No.
ONE LOAN:
Please deduct the $30.00 per loan fee from my (check one):
Share Savings Account
Share Draft Checking Account
Other Account
OTHER LOANS:
IMPORTANT NOTICE: In order to enjoy the extra cash that Skip-A-Payment provides, all parties who signed the loan(s) must sign this coupon. Incomplete
signatures will void your request and you will be required to make your regular scheduled payment(s).
Your Signature
Joint Signature
By signing above, you authorize ABCO Federal Credit Union to advance your next loan payment date to the month following the one selected, thereby extending your
repayment term. There is a $30.00 processing fee for each loan for which you elect to skip a payment. You authorize the credit union to deduct the fee(s) from any account that
you have with the credit union that has funds available. Interest will continue to accrue on your loan during the month you skip your payment. If you have multiple loans, we
will select the loan with the highest payment to skip unless otherwise directed.
Return this form by mail, in person at any Branch Office or FAX to the Lending Dept. at 609-877-9368.
goabco.org • 800-225-1859
Store it. And watch it grow.
Retirement Planning
Educational Planning
Investing
CUFIG can help.
Schedule a consultation today.
1-888-439-0770
financial@goabco.org
Securities and investment advisory services offered through Voya Financial Advisors, Inc (VFA), member SIPC.
Insurance sold through licensed insurance representatives of various companies in association with CU Financial
Insurance Group, LLC (CUFIG) a wholly-owned subsidiary of ABCO Federal Credit Union. ABCO Federal Credit
Union and its subsidiaries are not corporate affiliates of VFA. Nondeposit investment products are not federally
insured, not obligations of the Credit Union, not guaranteed by the Credit Union or any affiliated entity, involve
investment risks, including the possible loss of principal and may be offered by an employee who serves both
functions of accepting member deposits and selling nondeposit investment products. VFA products are not offered,
recommended, sanctioned or encouraged by the NCUA or the Federal Government. P.O. Box 221, Rancocas, NJ
08073; phone 1-888-439-0770; fax 856-439-1199.
CUFIG at ABCO FCU
WE SHOP, YOU SAVE.
Independent insurance agents can quote multiple
insurance companies to make sure you are getting
a great rate.
And with great rates, excellent claims service, and
24/7 policy service, it’s no wonder that independent
agents sell more car insurance from Progressive
than from any other company.
To get expert advice and a free quote today, stop in
or call CUFIG at ABCO FCU.
CUFIG at ABCO FCU
215 Main Street
Rancocas, NJ 08073
856-439-0770
autoandhome@goabco.org
Progressive Casualty Ins. Co. & affiliates, Mayfield Village, OH. 11P00927.BH (08/12)
WORRY-FREE
AUTO LOANS
None of the Stress. All of the Fun!
¸ Rates as low as
1.99% APR* for new cars,
2.49% APR* for used
¸ Mechanical Breakdown,
Guaranteed Asset and Debt
Protection available
¸ Bonus: Free Roadside
Assistance for a year**
(For a Limited Time Only)
Apply online at goabco.org/auto.
*APR=Annual Percentage Rate. This is the credit union’s lowest rate. Rates will vary based on credit worthiness. **Enrollment in Credit Union Auto Club Roadside Assistance will be included with all new and used auto loans
from Sept. 23, 2014-Oct. 31, 2014. The loan applicant will be covered in addition to any joint applicant. Limited to (2) people. After one-year you will have the option of renewing at current Credit Union Auto Club rates which
can be found at creditunionautoclub.com. Members will receive their Credit Union Auto Club membership packet 10-14 days after disbursal of the loan. RV and motorcycle loans excluded from this offer.
NMLS# 118794 Licensed by the New Jersey Dept. of Banking and Insurance
Almost Home Mortgage is an ABCO affiliate.
www.almosthomemortgage.com
SCHEDULE A MORTGAGE CONSULTATION TODAY
1-856-581-4050
We can help you get there.
Federally insured
by NCUA
Big City Efficiency…Small Town Friendliness
P.O. Box 247 • Rancocas, NJ 08073-0247