July 2016 Newsletter - Allegany County Teachers FCU
Transcription
July 2016 Newsletter - Allegany County Teachers FCU
Inside Links ACM Student Incentives | Deposit Your Checks Anytime, Anywhere! | Money Desktop | Members Get Deals! | Community Corner | Annual Membership Meeting Service Awards Patricia Folk Honored with Prestigious Wright Patman Award | Get Moving & Improving with a Home Equity Loan | Read & Win | Holiday Closings | Buddy Bookworm Club Let Summer Fun Begin! Allegany College of Maryland Student membership and auto loan Incentives MOBILE DEPOSIT 60 Days No Pay on an Auto Loan As the first area Credit Union to offer this service – we’re moving into the future with our members! $5000 or $10000 Deposit $5000 or $10000 Gift Card Use Your Smart Phone or Tablet to DEPOSIT CHECKS DIRECTLY Into Your ACTFCU Checking, Savings or Money Market Account! 112279 Prior to receiving any student package incentive, the student must show proof of enrollment at Allegany College of Maryland. The first 250 ACM students who become new members at ACTFCU, open a checking account and are issued a debit card will receive a scratch-off card for a $50.00 or $100.00 checking account deposit. There is a per student limit of one scratch-off card for a deposit. The deposit amount will be awarded after the student completes 5 check card transactions within the first 60 days of account opening. The first 100 ACM students who take out an ACTFCU auto loan of $3,000 or more will receive a scratch-off card for a $50.00 or $100.00 gift card and 60 day no payment period on the loan. There is a per student limit of one scratch-off card for a gift card. Interest will accrue during the 60 day no payment period. Further restrictions and requirements apply. This offer is valid 07/01/16–11/30/16 while supplies last and is subject to change without notice. A QUARTERLY PUBLICATION OF ALLEGANY COUNTY TEACHERS FEDERAL CREDIT UNION Enroll in this new service at any of our three convenient locations. Some restrictions and requirements apply. J U LY 2 0 1 6 Allegany County Teachers Federal Allegany County Teachers Federal Credit Union is Now Offering… Credit Union is Now Offering… Allegany County Teachers Federal Allegany County Teachers Federal Credit UnionCredit is Now Offering… Union is Now Offering… MoneyDesktop Personal Financial Management MoneyDesktop MoneyDesktop MoneyDesktop MoneyDesktop Integrated Into Online Banking 102342 PersonalPersonal Financial Management Personal Financial Management Financial Management •Budget Integrated Into Online Banking Integrated Into•TrackExpenses Online Into Integrated OnlineBanking Banking •Budget •ManageDebt •Budget •Budget •TrackExpenses •DetermineNetWorth •TrackExpenses •ManageDebt Convenient, •ManageDebt •TrackExpenses Engaging and Convenient, Engaging Secureand Secure •DetermineNetWorth •DetermineNetWorth •ManageDebt Start Using MoneyDesktop today! Convenient, Engaging and Secure Start using MoneyDesktop Convenient, •DetermineNetWorth Engaging and Secure today! Visit www.alcoteachersfcu.org to view an informational video. Start using MoneyDesktop today! and Secure Convenient, Engaging Start using MoneyDesktop today! COMMUNITY CORNER Allegany County Teachers Federal Credit Union members and employees recently raised $1,700.00 for the March of Dimes, $1,700.00 for Emma’s Wish Foundation to offer financial support for families affected by DIPG and $62.53 to the Credit Union Foundation of MD & DC in support of financial literacy! Thank you for your amazing support. We’re Delivering DEALS! Allegany County MoneyDesktop Teachers Federal Credit Union hastoday! discount tickets to some Start using of the area’s most popular attractions. ACTFCU members can stop by the Credit Union and get in on the extra savings today! by Federally insured NCUA PA R K DISCOUNT PRICE DelGrosso’s $20.00 Federally insured by NCUA 301-729-8015 • www.alcoteachersfcu.org Federally Amusement Park insured by NCUA Kennywood $28.50 Idlewild and $30.50 301-729-8015 •301-729-8015 www.alcoteachersfcu.org Soak Zone • www.alcoteachersfcu.org Hersheypark $48.95 / Regular $36.95 / Juniors (Ages 3-8) $36.95 / Seniors (Ages 55-69) Six Flags $38.50 – E-consignment Ticket America $31.00 – Value Day Ticket Federally insured by NCUA Members can get discounted Six Flags America tickets online at sixflags.com/PartnerLogin. Please call the Credit Union for Store Sign-In credentials. 301-729-8015 • www.alcoteachersfcu.org J U LY 2 0 1 6 Annual Membership Meeting Service Awards! Allegany County Teachers Federal Credit Union recently held its 66th Annual Membership Meeting on April 16, 2016, at the Ali Ghan Shrine Club in Cumberland, MD. During the meeting, we had the pleasure of recognizing the following employees and volunteer for their years of service with the Credit Union: Staff Service Awards Volunteer Service Award 5 YEARS OF SERVICE CARRIE WITT JESSICA CRITES KATHY WARNICK 30 YEARS OF SERVICE G. ED DAWSON READ & WIN Three randomly selected account numbers are hidden in this newsletter. Find YOUR account number and call Cathy by July 31, 2016 to receive $25. Hint: Look near the pictures. Best of luck! Thank you all for your years of dedicated service to Allegany County Teachers Federal Credit Union! Patricia Folk Honored with Prestigious Wright Patman Award from MD|DC Credit Union Association Patricia Folk, President/Treasurer of Allegany County Teachers Federal Credit Union was honored with the Wright Patman Award for extraordinary achievement and commitment to credit unions by the MD|DC Credit Union Association. The award was presented following the Annual Business Meeting on June 7 in Ocean City, and is the Association’s highest honor. Visit our website at www.alcoteachersfcu.org for information, loan applications, and more! Patricia has been with the Allegany County Teachers FCU for 38 years, more than 30 of those as President/Treasurer. Under her leadership the credit union has grown dramatically from $2.3 million in assets and 1,600 members - to more than $100 million in assets and 9,000 members. She is a strong advocate for financial literacy, taking the lead in organizing the Western Maryland Chapter's Dollars & Sense Financial Reality Fairs. Since 2011,10 reality fairs have been held in Allegany County, educating more than 3,500 students. The award honors the legacy of the late Congressman John William Wright Patman who was a cosponsor of the original Federal Credit Union Act in 1934. The award is given to an individual who epitomizes Wright Patman's commitment and dedication to credit unions and credit union values. Get Moving & Improving with a Home Equity Loan Holiday Closings Speak with a loan officer to learn more about our Home Equity Loans. Borrow up to $50,000 RATES AS LOW AS 2.25% 2.75% APR* up to 60 months 107436 INDEPENDENCE DAY Monday, July 4 LABOR DAY Monday, September 5 COLUMBUS DAY Monday, October 10 APR* up to 120 months *Annual Percentage Rate. Rates and terms are accurate as of June 1, 2016, and subject to change without notice. At 2.25% APR for 60 months, the approximate monthly payment is $17.64 per $1,000.00 borrowed. At 2.75% APR for 120 months, the approximate monthly payment is $9.54 per $1,000.00 borrowed. Please call today for specific financing terms. Membership eligibility requirements apply. Some restrictions apply. J U LY 2 0 1 6 Due to recent acts of fraud, limitations have been established for the following debit card transactions: Grocery Store Purchases ($400.00) Pharmacy Purchases ($200.00) Apple iTunes Purchases ($200.00) For more information, contact a credit union representative at 301-729-8015. Buddy Bookworm Club WE WOULD LIKE TO WELCOME OUR NEWEST BUDDY BOOKWORM MEMBERS, Gwendolyn Whitmyer Jasmyne Folk-Hopps Kellen McKenzie Brooks Stevenson Layla Blankenship Amelia Blankenship Zackery Nave Christian Nave RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE. SOME RESTRICTIONS MAY APPLY. SHARES Dividends as of June 1, 2016 APRAPY Regular Shares ($5.00 and Above) 0.20% 0.20% Share Draft 0.00% 0.00% Christmas Club 0.25% 0.25% Summer Savings 0.25% 0.25% IRA 1.30%1.31% Money Maker Money Market ($2,500.00 - $20,000.00) 0.25% 0.25% ($20,000.01 - $50,000.00) 0.30% 0.30% ($50,000.01 - $75,000.00) 0.35% 0.35% ($75,000.01 and Higher) 0.50% 0.50% Certificate Rates as of June 1, 2016 SHARE CERTIFICATE ACCOUNTS* 6 Month (90 day early withdrawal penalty)0.50% 0.50% 12 Month (90 day early withdrawal penalty)0.60% 0.60% 18 Month (180 day early withdrawal penalty)0.70% 0.70% 24 Month (180 day early withdrawal penalty)0.80% +.10% > 50K0.80% 36 Month (180 day early withdrawal penalty)0.90% +.10% > 50K0.90% 48 Month (180 day early withdrawal penalty)1.30% +.10% > 50K1.31% 60 Month (180 day early withdrawal penalty)1.55% +.10% > 50K1.56% * Minimum deposit is $500.00. Note: All share accounts are paid monthly on the average daily balance. All accounts must be open at the end of the dividend calculation period in order to earn a dividend. LET Loan Rates as of June 1, 2016 LOANS (Risk Based Lending Rules Apply) AS LOW AS Special Spring Loans (January 1 - April 15) 12 Months 24 Months 36 Months *Maximum $3,000. F UbN egin! 14316 National Highway SW LaVale, Maryland 21502 (301) 729-8015 Fax (301) 729-2147 204 S. Lee Street Cumberland, Maryland 21502 EXT. 4010 & 4011 (301) 729-8015 Fax (301) 777-3928 11905 Messick Road Cumberland, Maryland 21502 (301) 729-8015 Fax (301) 724-1620 www.alcoteachersfcu.org $3,000 Borrow up to now through September 30, 2016! VACATION LOAN R AT E S A S L O W A S 3.49% APR* UP TO 12 MONTHS 3.99% APR* UP TO 24 MONTHS 4.49% APR* UP TO 36 MONTHS Applying is quick and easy. Just give us a call or visit www.alcoteachersfcu.org to get started today. J U LY 2 0 1 6 © CUAdvantage.com • (877) 799-0784 3.49% APR 3.99% APR 4.49% APR Special Christmas Loans (September 1 - January 31) *Maximum $3,000. Vacation Loans 12 Months 24 Months 36 Months 3.49% APR 3.99% APR 4.49% APR Computer Loans (Bill of Sale or Receipt) 36 Months 5.99% APR Signature Loans 12 Months 24 Months 36 Months 48 Months 60 Months 7.99% APR 7.99% APR 7.99% APR 8.50% APR 9.00% APR Signature Loans 30, 60, 90 Day Notes Credit Card Loans (No Annual Fee) Consolidation Loans* 9.50% APR 9.50% APR 5.99% APR *Maximum $3,000. *Maximum $3,000. *Loans eligible for .25% reduction if member has both Checking Account and Automatic Loan Payment. Mortgages, Home Equity, & MBL are not eligible. *Using vehicle and available Signature amount. New Auto Loans (100% Financing) 12 to 36 Months 1.49% APR 37 to 48 Months 1.49% APR 49 to 60 Months 1.49% APR 61 to 72 Months 2.49% APR 73 to 84 Months 3.24% APR Used Auto Loans 36 Months 2010-2016 1.99% APR 48 Months 2010-2016 1.99% APR 60 Months 2010-2016 1.99% APR 72 Months (Greater than $10,000) 2010-2016 2.99% APR 84 Months (Greater than $20,000) 2010-2016 4.00% APR 60 Months Older than 2010 3.24% APR Motorcycle Loans - New & Used Add .50% to Above Stated 84 Months New/Used Auto Rates New Motor Homes (80% Financing) New Up to 144 Months 7.25% APR Used Up to 144 Months 7.50% APR Older than 2003 Up to 120 Months 8.49% APR New Campers, Trailers, Pop-Ups, Boats 5 years 5.25% APR 6 years (Greater than $10,000) 6.25% APR 7 years (Greater than $20,000) 7.99% APR *Max term on Boats - 72 months. Used Campers, Trailers, Pop-Ups, Boats 5 Years UCC Secured - New Bobcats, Tractors, Etc. (Signature) 5 Years UCC Secured - Used Bobcats, Tractors, Etc. (Signature) 5 Years New Off Road/ATV’s, dirt bikes, jet skis, snowmobiles 5 Years Used Off Road/ATV’s, dirt bikes, jet skis, snowmobiles 5 Years Share Secured Up to 60 Months 61-120 Months Share Certificate Secured 6.25% APR 5.25% APR 6.25% APR 4.99% APR 5.99% APR 3.20% 4.20% *Annual Percentage Rate. Rates and terms are Up to 60 Months (If loan term ends before CT matures) 3% Above CT Rate Greater than 60 Months (If loan term ends after CT matures) 4% Above CT Rate accurate as of June 1, 2016, and subject to change Money Maker Money Market Secured without notice. At 3.49% APR up to 12 months, the Up to 60 Months 3.25% to 3.50% 61-120 Months 4.25% to 4.50% approximate monthly payment is $84.90 First Mortgage - Contact a Loan Officer for Today’s Rates Second Mortgage - Junior Lien 5 Years 3.25% APR per $1,000.00 borrowed. At 10 Years 4.50% APR 3.99% APR up to 24 months, the 15 Years 4.75% APR Home Equity - 1st Lien 5 Years 2.25% APR approximate monthly payment (Maximum Amount $50,000) 10 Years 2.75% APR is $43.41 per $1,000.00 Home Equity - 2nd or Junior Lien 5 Years 3.25% APR borrowed. At 4.49% APR 10 Years 4.25% APR up to 36 months, the BUSINESS LOANS AS LOW AS New/Used School Bus (80% LTV) approximate monthly 12 Years Maximum Prime+2 to Prime+5 payment is $29.74 per New Auto Loans (80-100% LTV) 12 to 60 Months Consumer rate+1 to +5 $1,000.00 borrowed. 61 to 72 Months Consumer rate+1 to +5 Please call for specific 73 to 84 MonthsConsumer rate+1 to +5 Used Auto Loans (80-100% LTV) financing terms. 12 to 60 Months 2010-2016 Consumer rate+1 to +5 Membership eligibility 61 to 72 Months 2010-2016 Consumer rate+1 to +5 73 to 84 Months 2010-2016 Consumer rate+1 to +5 requirements apply. 12 to 60 Months Older than 2010 Consumer rate+1 to +5 Some restrictions Equipment Loans (80% LTV) A QUARTERLY FEDERAL CREDIT 12TEACHERS to 60 Months Prime+2 UNION to Prime+5 may apply. PUBLICATION OF ALLEGANY COUNTY 60 to 144 Months Prime+2 to Prime+5 Rental Property (80% LTV) 15 Years Maximum Current Prime Interest Rate is 3.50% 6.50% APR