Money News - ABCO Federal Credit Union

Money News
A Quarterly Publication
Fall
12
ABCO Salutes James Cotten
Tuskegee Airman and Board Member
Edited from an article by Loretha Bingham, Manager, ABCO Member Care Dept.
To see the complete article and pictures, go online @ goabco.org/jamescotten
James Cotten serves the ABCO community in the capacity of Board Member and has been on
the Supervisory Committee for more than nine years. He has been involved with Credit Unions
before, having served previously for over 20 years on the New Jersey Credit Union League
Board of Directors.
What you may not know is in January 1945, he was selected for assignment to the Tuskegee
Airmen Fighter Group, known as the ‘Red Tails’. The pilots, navigators, bombardiers, maintenance,
support staff, instructors and all personnel who kept the planes in the air, along with others
who supported their achievements, paved the way for integration of our U.S. Military.
After more than 20 years serving in
the Army and Air Force, followed by
45 years of civil service at Joint Base
McGuire-Lakehurst, James Cotten
received his Congressional Gold Medal
at a ceremony in May on the base
before a large group of family and
friends. Congressional Representative
Jon Runyan of Mount Laurel presented
the medal.
“The Tuskegee Airmen made me a
better person,” Cotten said. “It was
very satisfying to be among such a
select group.”
In August, Cotten was appointed
by Congressman Jon Runyon to
serve on a statewide Veteran’s
Advisory Committee.
In November 1998, the Tuskegee
Airmen National Site in Tuskegee,
Alabama, was established. In March
2007, the Congressional Gold Medal
was authorized. Learn more about the
Tuskegee Airmen at their website:
www.tuskgeeairmen.org.
Experiencing adversity, limited opportunities and denial of leadership roles because of their
race, they persevered and overcame prejudice, racism and segregation. The Tuskegee Airmen
became one of the most skilled and respected fighter groups of World War II, flying four
different types of aircraft in combat, (P-40, P-39, P-47 and the P-51) and dismantling the
mindset that African-Americans could not fly planes or maintain sophisticated combat aircraft.
In July of 1949, he was assigned to the
334th Fighter Interceptor Squadron 4th
Fighter Group as Air Operations NCO.
He was the first African-American
assigned to this organization after
integration of the U.S. Armed Forces.
His military awards consist of the Air
Force Commendation Medal (First Oak
Leaf Cluster), Air Force Good Conduct
Medal, Air Force Longevity Service
Award (with four Bronze Clusters), Air
Force Outstanding Unit Award, World
War II Victory Award and the National
Defense Service Award.
Congressman Jon Runyon, center, with James Cotten, Milt
Hershberger, ABCO CEO, and Ellen Kuiper, ABCO President, at
an August meeting at the VFW in Willingboro, where James
Cotten was appointed to a statewide Veteran’s Advisory
Committee. “I am proud to be picked to help my fellow
veterans and I’ll do whatever I can to make things better,”
said Cotten.
At 85, he continues to embrace and
exemplify the two mottos he’s lived by:
One of the Tuskegee Airmen—
“Thou Shalt Not Quit” and the other of his Twenty Plus Retirement Club—“Still Serving.”
We are proud to have him “still serving” as a volunteer with the ABCO community!
goabco.org • 800-225-1859
The best path to
home ownership is easy
with your credit union.
Now is a great time
to purchase or refinance a home!
LOW RATES
LOW CLOSING COSTS
SUPERIOR SERVICE
Your savings federally insured
to at least $250,000 and backed
by the full faith and credit
of the United States Government
NCUA
Credit Union NMLS# 541573
National Credit Union Administration,
a U.S. Government Agency
Call our Mortgage Department today at:
866-441-8632
or visit our website: goabco.org/mortgages
Remind your neighbors, family members, co-workers and friends that they
may be eligible for the many benefits of Credit Union membership as well!
*Annual Percentage Rate. A rate a member pays is based on credit
worthiness. Not a guarantee of financing. All loans are subject to credit
approval and other restrictions. Offer may be withdrawn at any time.
Details online at goabco.org or by phone at
800-225-1859 ext. 7613.
3.25
APR*
%
LOANS STARTING AS LOW AS
FIXED OR LINE-OF-CREDIT
HOME EQUITY
NEW OR USED
AUTO
Federally insured
by NCUA
Fall Loan
Event
P.O. Box 247 • Rancocas, NJ 08073-0247
Big City Efficiency…Small Town Friendliness
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Have an ABCO Loan? Need Extra Holiday Cash?
Use our SKIP-A-PAYMENT Option
Skip-A-Payment on Most ABCO Loans* (see exclusions below)
For One Month—Either December or January • For One Low $30.00 Processing Fee
*Loans excluded from offer are: Mortgages, Home Equity, Home Equity Line-of-Credit (HELOC), Credit Builder Loans, Privilege Pay
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, 2012)
City/State/Zip
JANUARY (must be received prior to Jan. 10, 2013)
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.
Jingle Loan
$1,200 • 12 months
12% APR*
Visa® Credit Card
Rates as low as 6.75% APR*
No Balance Transfer Fee
Reward Points for Purchases
*APR=Annual Percentage Rate. Not a guarantee of financing. The rate a member pays is based on credit worthiness. Balance
transfers up to member’s credit limit. Contact us for complete details.
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 TOUCH-TONE TELLER
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
Avoid Dormant Account Fees and Escheat (sending the funds to the state)
Dormant accounts are defined as accounts that have had no activity on shares/
savings or loans for a period of 12 months or more. When this inactivity period
has been reached, we will begin to notify you that your account has fallen into
the dormant status. This means that unless activity resumes your account may be
subject to fees and ultimately escheated. Accounts that remain inactive will be
assessed a monthly fee of $15 beginning with the 18th month of inactivity. Also,
New Jersey statutes require that any account that remains inactive for a three-year
period is escheated (the funds are sent) to the State Treasury Department.
These actions are easily avoidable by simply utilizing the products and services
that ABCO membership provides. You also have the option to close your account.
To find out more about all our services, please visit our website, goabco.org or call
Member Care at 800-225-1859.
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
Board of Directors Nominations and
Election Procedures
Milt Hershberger and Fred Dietrick have been selected by the
Nominating Committee to fill two vacancies on the 2013
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
2013 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, 2012.
The 2013 Annual Meeting is scheduled for March 26, 2013. 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.
Courtney Aderinto
Gregory Herman
Jenna Mirabelli
Matthew Corbett
Kelsey Solan
Sarah Martin
2012 Scholarship Winners
Last fall, ABCO Federal Credit Union announced its Annual Scholarship
Program for high school students planning to attend college in
September of 2012. 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 Affiliates of New
Jersey Credit Union League’s Youth Involvement Board to be judged.
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:
• Courtney Aderinto, Sicklerville, NJ —
Rowan University / Winslow Township High School
• Jenna Mirabelli, Lumberton, NJ —
Arcadia University / RVRHS
• Kelsey Solan, Lumberton, NJ —
James Madison University / RVRHS
• Gregory Herman, Mount Laurel, NJ —
Rensselaer Polytechnic Institute / Lenape High School
• Matthew Corbett, Glendora NJ —
Rowan University / Paul VI High School
In addition to the 2012 winners of the ABCO Scholarships,
the New Jersey Credit Union Youth Involvement Board of
Directors has awarded our member Sarah Martin of Margate, NJ
a $1,000 scholarship.
Teachers’ Insurance Plan of NJ Offers
Exclusive ABCO Auto Insurance Discount
At Plymouth Rock Assurance–Teachers’ Insurance
Plan of NJ, we recognize the importance of New
Jersey’s educational community, and we are proud
to offer auto insurance exclusively to this special
group of people. We are committed to providing
you with unique educator benefits and exceptional
customer care, including responsive and attentive
claim service, should you ever need it. We believe
that if you are a teacher, insurance is not something
you should ever have to worry about.
Since we focus on insuring only members of the
educational community in New Jersey, we are able
to offer special teacher insurance rates at a lower
price than other companies.
Our special rates are meant for New Jersey residents
who work for or are retired from an accredited
school, district or diocese, plus members of the New
Jersey Parent Teacher Association (NJPTA), including:
• Active and retired teachers or professors
• Administrators
• School librarians
• NJPTA members
• Early childhood education professionals
• Staff members of professional education associations
• Substitute teachers
• Guidance counselors
• School medical staff
• Support staff employed by a state-licensed
educational institution
• Current School Board officials
For more information and request
a quote contact: Credit Union
Financial Insurance Group (CUFIG),
a wholly owned subsidiary of
ABCO FCU.
Phone: 888-439-0770
Email: goabco.org/insurance
Congratulations to all of our winners!
If you have a child or grandchild who is a senior in high school
this year, he/she can apply for the 2013 scholarship. Learn more at
goabco.org/scholarship or call Tess Rafferty at ABCO.
Insurance products are offered through various insurance companies in
association with CU Financial Insurance Group, LLC, a wholly-owned subsidiary
of ABCO Federal Credit Union (ABCO FCU). ABCO FCU provides insurance
products and services to members and non-members without opinion to
the product or service provided. Insurance products are not federally insured
and are not obligations of ABCO FCU, CUNA or any other affiliated entity.
ABCO Cares
Operation Backpack
ABCO Federal Credit Union, its employees and
members donated over 120 backpacks and
hundreds of school supplies to the Center for Family
Service’s Operation Backpack.
Every year the Center For Family Services, a human service non-profit
based in Camden, hosts Operation Backpack to provide children
throughout South Jersey with the tools to start the school year. Items
collected included notebooks, pencils, folders, rulers, calculators and
other school essentials. A team of volunteers from ABCO helped stuff
backpacks with items needed according to the recipient’s age and
gender. Thanks to all who donated and helped.
Nicole Y. Roberts on right, an ABCO
member, donates items to our
Supply Drive of Operation Backpack.
Josclyn Moss, Willingboro MSR, was
on hand to accept the donation.
ABCO Donates BizKid$ Financial Literacy
Kits to Local Schools
This fall, ABCO representatives have been furnishing
teachers with BizKid$ kits and products. BizKid$ is a
financial literacy initiative launched nationally in January
2008 that teaches kids about money and business. A
coalition of over 290 credit unions and affiliates from
across the country have helped exclusively fund BizKid$
over the past six years.
Elizabeth Campbell, Librarian/Media Specialist from
Chestnut Hill Middle School in Washington Twp.,
received financial education DVDs for the district. Rachel
Joan Hill-Schlacta, business teacher at Buena Regional
High School in Atlantic County, received a BizKid$
Startup kit. More details are available at goabco.org.
Moses White, Principal, Buena
Regional High School; Joe
Holden, ABCO Business
Representative; Rachel Joan
Hill-Schlachta, Business
Teacher, Buena Regional
High School; Tanya Pope,
ABCO Senior Vice President
of Member Education and
Development
Here is what Ms. Roberts has to
say about ABCO: “I have had a very
positive experience as a member
of ABCO. The staff is very courteous
and helpful. For this reason, I will
continue to bank with this credit
union. I am happy to be a part of
giving back to the community.”
ABCO employees Raymond
Ghaul and Treka Brown in front
of the Willingboro donation box.
Donation boxes were located
at all offices.
Marikate Begolly and Nadja
Conner, ABCO Employee
volunteers, in front of all the
backpacks that were stuffed.
Clint Sarion, Registered
Representative with ING
Financial Partners; Elizabeth
Campbell, Librarian/Media
Special from Chestnut Hill
Middle School; Joe Holden,
ABCO Business Representative
Auto and Home Insurance at
Special Rates from Travelers
You now have access to the Travelers Auto and Home
Insurance Program. This program offers ABCO Federal
Credit Union members:
• Special program rates on auto, home, condo and renters insurance
• Money-saving discounts, including multi-policy and new car
• Easy premium payments through your ABCO FCU checking
account or recurring credit card payments to your ABCO Visa®
• 24/7 claim reporting
• Free, no-obligation quotes from licensed insurance representatives or online
You can request quotes and switch at any time. Find out how much you can save today. Call
Credit Union Financial Services, a wholly owned subsidiary of ABCO FCU, 888-439-0770 or visit
www.travelers.com/abco.
Insurance is underwritten by The Travelers
Indemnity Company or one of its property
casualty affiliates, One Tower Square, Hartford,
CT 06183. Coverages, discounts, special
program rates and billing options are subject
to availability and individual eligibility. Not all
features available in all areas. ©2012 The Travelers
Indemnity Company. All rights reserved. Travelers
and the Travelers Umbrella logo are registered
trademarks of The Travelers Indemnity Company
in the U.S. and other countries.
Insurance products are offered through various
insurance companies in association with CU
Financial Insurance Group, LLC, a wholly-owned
subsidiary of ABCO Federal Credit Union (ABCO
FCU). ABCO FCU provides insurance products
and services to members and non-members
without opinion to the product or service
provided. Insurance products are not federally
insured and are not obligations of ABCO FCU,
CUNA or any other affiliated entity.
goabco.org • 800-225-1859