60 months - Eglin Federal Credit Union

OCTOBER 2015
838 Eglin Parkway NE, Fort Walton Beach, FL 32547-2781
In This Issue
Nominations Open for
Board of Directors Election.......2
60 months
T
he race is on ... get rates as low as
1.99% APR* for up to 60 months on
New and Used autos up to three years
old. For a complete list of terms, go to
our website, eglinfcu.org/auto.
We’re making shopping for your next
set of wheels easier. EFCU members may
go to one of our preferred dealers and
get EFCU financing at the dealership.
For a list of preferred dealers, go to
eglinfcu.org/autos and click on the
“preferred dealers.”
You may still APPLY ONLINE or
visit one of our branches for a PAL
(pre-approved loan), to take shopping
with you. Don’t get left behind, take
advantage of these great rates and
terms while they last!
The Minimum Monthly
Payment on Your EFCU
MasterCard® Has
Been Reduced................................. 2
Time to Switch to Sprint?.........3
Loan Payments
Coupon Notice.............................3
Let Us Help Stuff
Your Stockings.............................4
ATM Safety Tips —
Be Proactive..................................4
* APR = annual percentage rate.
EMV Chip Cards Coming for Debit and Credit Cards
T
he U.S. is transitioning from
familiar magnetic stripe technology
to what are known as smart chip cards.
Chip cards offer increased security
protections that can help in preventing
some cases of fraud. Smart chip cards
are already widely used in other areas
of the world including Europe, Canada
and Mexico. Now the increased security
is coming to the U.S. to ensure that
widespread debit and credit card fraud
is more difficult for criminals.
Making the Switch
EFCU is shifting to this new, more
secure chip card technology starting in
October 2015. This will mean replacing
current cards with the new technology.
EFCU will provide this increased card
security as members’ debit and credit
cards come up for renewal.
The Basics of Smart Chips
Visit our website for updates, FAQs
and to view a video on how to use
chip cards at eglinfcu.org/chipcards.
Easy to use.
More secure.
Globally accepted.
Loan Rates
October, 2015
New Autos/Trucks/Vans
A new vehicle is defined as one that has never been
titled, regardless of odometer reading or year model.
Rates as
Low as
APR*
Approximate
Repayment Term
Loan Value
1.99% 2.49% 3.49% $30,000 and up
60 mos.
72 mos.
84 mos.
Current Year Models: Maximum Loan Amount is
130% of MSRP. We will finance the selling price plus
sales tax, title, tag fees, dealer processing fees, and
Aftermarket Products** not to exceed $3,500.
**Total of $3,500 allowed in Aftermarket Products
including extended warranty, pre-paid maintenance,
and appearance and protection products.
If you borrow $30,000 at 3.49% APR for 84 months,
your monthly payment will be approximately $403.08.
Used Autos/Trucks/Vans
A used vehicle is defined as one that has been
previously titled.
1.99% 2.49% 3.49% ($30,000+) 2.49% 2.99% 3.49% Age of Auto
Up to 3 years Up to 2 years Up to 1 year 4 & 5 years 6-10 years 11-15 years 60 mos.
72 mos.
84 mos.
54 mos.
48 mos.
36 mos.
Maximum Loan Amount: Current year - 130% of
MSRP; 1 year old - 130% of NADA Retail Value; 2 to 15
years old - 130% of NADA Clean Trade Value; Adjust
for high or low mileage on 2- to 15-year-old models.
We will finance the selling price plus sales tax, title, tag
fees, dealer processing fees, and Aftermarket Products**
not to exceed $3,500. Maximum mileage 150,000 without prior approval.
**Total of $3,500 allowed in Aftermarket Products including extended warranty and pre-paid maintenance.
If you borrow $20,000 at 2.49% APR for 54 months,
your monthly payment will be approximately $391.90.
New Boat or RV
4.75%
5.75%
$10,000 and up
6.00%
$25,000 and up
6.00%
$50,000 and up
60 mos.
120 mos.
144 mos.
180 mos.
5% down payment required. Applies to never titled, current year and prior year models. Repayment Example: If
you borrow $20,000 at 5.75% APR* for 120 months, your
monthly payment is approximately $219.57.
Check out our website for financing terms on Used
Boats, RVs, New Motorcyles and Personal Watercrafts.
Line of Credit
This revolving credit line can be used for overdraft
protection on your EFCU checking account. You can
also make cash advances at an ATM, transfer via Home
Branch or write an X-Press Chex.
Share Loan
2.00% APR* 84 mos.
Secured by Savings in S-1 and S-4 Accounts.
Repayment Example: For a share loan, if you
borrow $3,000 at 2.00% APR,* for 84 months your
monthly payment is approximately $38.31.
Platinum MasterCard®
As low as 7.9% APR*
Minimum monthly payment will be $25
or 2% of the statement balance.
Apply online 24/7 at www.eglinfcu.org
* Annual Percentage Rate (APR). There is a range of rates
for each loan type. The rate received will be determined by
an evaluation of the applicant’s credit. Rates are subject to
change without prior notice. Minimum monthly payment on
all loans is $35 except MasterCard, which is $25. Maximum
deductible for insurance is $1,000 for all collateral types.
Nominations Open for Board of
Directors Election
T
he Nominating Committee is
accepting letters of interest from
qualified members to serve on the Board
of Directors. There are two positions
expiring in 2016 for 3-year terms.
Coming up for re-election are Directors
Richard Adams and William S. Rone.
Nominees must be EFCU members
in good standing. A “Candidate’s
Information Form” must accompany
a letter of nomination. This form is
available at the Fort Walton Beach
Branch, 6th floor, President’s Office.
Nomination letters must be received
no later than Friday, November 6.
Mail nominations to:
The slate of candidates nominated
by the Committee and procedures
for additional candidates seeking
nomination by petition will be
published in the January issue
of this newsletter.
Election of officials
is scheduled to be
done by mail ballot
in late February
2016. Members
18 years or older
will be eligible to
vote. Election results
will be announced at
the Annual Meeting
scheduled for
Thursday, March 24, 2016,
at the Niceville Community
Center on Partin Drive.
Nominating Committee
Eglin Federal Credit Union
P.O. Box 854
Shalimar, FL 32579
The Minimum
Monthly Payment
on Your EFCU
MasterCard Has
Been Reduced
Holidays
Y
Welcome to the EFCU
Field of Membership
Offices will be closed to observe:
October 12.....................Columbus Day
November 11..................Veterans Day
November 26..........Thanksgiving Day
December 25.................Christmas Day
January 1....................New Year’s Day
®
our MasterCard Account Agreement
and Disclosure, section Minimum
Monthly Payment, has been revised to
read: “Minimum Monthly Payment:
Payments will be due the same day each
month. The required Minimum Payment
shall be the greater of $25.00 or 2.0% of
the outstanding balance on your card
account. If the balance is $25.00 or less,
it is payable in full.” This change is
effective October 31, 2015.
Bevil Construction, Inc.
Gilmore Insurance & Bonding, Inc.
Improvised Electronics, LLC
LuLu’s
Micro Auto Paint, LLC
Mossey Cove Townhome
Owners Association
Sandbox Boyz LLC
Dividends Declared
For the third quarter of 2015, the Board of Directors has declared a .15% APY
(Annual Percentage Yield) on savings; and a .05% APY on checking accounts.
Dividend rates are declared by the Board of Directors at the end of each quarter
from available earnings. Please contact the Credit Union for further information
about other types of share accounts, rates, terms and fees.
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Officials
Board of Directors
William S. Rone................................................ Chairman
Robert Harlan.......................................... Vice Chairman
Daniel A. McInnis....................................Sec./Treasurer
Richard Adams.................................................... Director
Russ Corbitt......................................................... Director
Barbara Patty....................................................... Director
James Pitts............................................................ Director
Supervisory Committee
Jeffrey W. Watson............................................ Chairman
David W. Heckel................................................. Member
Mike Kucera......................................................... Member
Robert Weaver..................................................... Member
Karen Williams.................................................... Member
Credit Appeals Committee
Richard Dolby................................................... Chairman
Steve Sabin..........................................................Secretary
Tim Grandberry.................................................. Member
Verna McBride..................................................... Member
Kevin Pedro......................................................... Member
Your Staff
* Thrift Savings Plan
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, Iowa
50677, toll-free 1-866-512-6109. Nondeposit investment and insurance products are not federally insured, involve investment
risk, may lose value and are not obligations of or guaranteed by the Eglin Federal Credit Union. CBSI is under contract with
the Eglin Federal Credit Union, through the financial services program, to make securities available to members. FR051316DB6C
Time to Switch to Sprint?
L
ooking for a good reason to switch your wireless company? How about this …
credit union members get exclusive savings with the Sprint Credit Union
Member Discount:
• Get a 10% discount on select regularly priced Sprint monthly service
• Have your activation fee on new lines waived (up to $36 in savings)
• Have your upgrade fee waived (up to $36 in savings)
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 Love My Credit Union Rewards app in the Apple App Store or
Google Play to verify your membership.
Visit LoveMyCreditUnion.org/Sprint to learn more and to start saving today
with the Sprint Credit Union Member Discount. To claim your discount, use
Corporate ID: NACUC_ZZM.
Jerry Williams........................................ President /CEO
Annie Corbett.........................................Senior VP/CFO
Cathie Staton..........Senior VP Marketing/Compliance
Robin Heintzelman.......Senior VP Mortgages/Investments
Kenny Girot....................Senior VP Branch Operations
Dawn Oravetz.....................Senior VP Data Processing
Tim Farnsworth................ VP Information Technology
Kim Nauta................................... VP Branch Operations
C. Grant................................. VP Accounting/eServices
Gina Denny.................................. VP Human Resources
Ruth Fennell .................. Fort Walton Branch Manager
Joe Baldwin................................. Eglin Branch Manager
Kim Clark............................. Hurlburt Branch Manager
Vivian Gonzalez............ S. Crestview Branch Manager
Bron Ringstad .............. N. Crestview Branch Manager
Lesli Harding..................Mary Esther Branch Manager
Jessica Tomi................Bluewater Bay Branch Manager
Susan Arnold............................ Destin Branch Manager
Loren Stokes...........................Navarre Branch Manager
Myke Brown................................ Mail Branch Manager
Leah Scott.......................... Mortgage Services Manager
Rocky Magee.........................Data Processing Manager
Thom Morgan................................ Collections Manager
Susan Coup....................Accounting Services Manager
Tracy Osborn....................... eServices Branch Manager
Sherry Harlow..................................Marketing Director
Jim R. Appleton................................ President Emeritus
www.eglinfcu.org
Phone Numbers
Loan Payment Coupons Notice
E
ffective January 1, 2016, loan
payment coupons will no longer
be provided. To set up payment
reminders, members can log into
Home Branch and use our eServices >
Alerts feature to send “Payment Due”
email notifications.
Several options are available to
make loan payments electronically:
• Transfer funds to loans using Home
Branch, Eglin FCU Mobile App or at
Eglin FCU ATMs
• Set up automatic loan payments
from your EFCU account using
Periodic Transfer of Funds (PTOF)
• Pay from another institution using
Automated Clearing House (ACH)
If you continue to pay by personal
check, please notate your account
number and the loan suffix on the check.
All home secured loans will continue
to receive loan payment coupons.
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Main Switchboard: 850.862.0111
Nationwide: 800.367.6159
STAR TELLER Direct Line:
Call Main Switchboard,
Option 5
Change PIN 24/7
ATM or Debit Card
call 866.665.8716
To Report Lost Cards:
EFCU Debit Card
800.472.3272
MasterCard®
800.325.3678
Happy Holidays!
Let Us Help Stuff
Your Stockings
W
ill your stockings be stuffed this
holiday? If you planned ahead,
your Christmas Club account is ready
to fund your holiday expenditures.
If you don’t have a Christmas Club
Account yet, see a Branch Member
Service Representative to open
one. While you’re there ask about a
MasterCard ® with rates as low as
7.9% APR, no annual fee, no cash
advance fee, no balance transfer fee
and only a 1.1% International
Transaction fee on foreign transactions.
These Branch Member Service Representatives look forward to helping you with
your holiday financing needs (left to right): Karla at Fort Walton, Tiffany at
Mary Esther, and Hope at Bluewater Bay.
ATM Safety Tips – Be Proactive
A
TMs today are equipped with all
manner of innovative technologies
to foil skimming crime – signal jammers,
card jitter devices, motion detectors, fascia
protectors and more. But there’s only
so much the industry can do to protect
consumers from crooks. And the fact
remains that cardholders are perhaps their
own best protection against skimming
fraud. Be an observant consumer and
look for signs of tampering before using
an ATM. Criminals tend to attach their
devices during times of low traffic,
including late at night and early in the
morning. When you use a card reader,
be on the lookout for anything that looks
scratched, loose, crooked or out-of-place.
Another way you can protect yourself
is by covering the PIN pad with your
hand when entering your PIN, so that
wandering eyes or a hidden camera
cannot record your PIN. These simple
actions on your part can save time and
hassle in trying to recover funds that
occur when a card is compromised.
Important Notice
Your Account Agreement and
Disclosure titled, “Understanding
Your Share Account,” has been revised
and now includes these changes:
1. The formal channel in which
members are advised “To file
a grievance or complaint”
with Eglin Federal Credit
Union is to send an email to
Membercomplaint@eglinfcu.org. You
may go to www.eglinfcu.org/contact
and select “Member Complaint”
for the Recipient. You may also
call 850.862.0111 or 800.367.6159
extension 1405 or write to Eglin
Federal Credit Union ATTN:
Member Complaint, 838 Eglin
Parkway NE, Fort Walton Beach,
Florida 32547-2781.
2. The Money Market Account Tiers
have been revised as follows:
Tier 1 $0 - $2,499.99
Tier 2 $2,500 - $9,999.99
Tier 3 $10,000 - $24,999.99
Tier 4 $25,000 - $49,999.99
Tier 5 $50,000 - up
We Do Business in
Accordance with the
Federal Fair Housing
Law and the
Equal Credit
Opportunity Act
Funds in your account(s) with us are insured by the National Credit Union Administration
to at least $250,000 and backed by the full faith and credit of the United States.
Green Powered.
This publication does not constitute legal, accounting or other professional advice. Although it is intended to be
accurate, neither the publisher nor any other party assumes liability for loss or damage due to reliance on this
material. Websites not belonging to this organization are provided for information only. No endorsement is implied.
Images may be from ©iStock and/or ©Fotolia. ©2015 Eglin Federal Credit Union.
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