HavingARM Truobles? Kudos for Credit Unions

Kudos for
Credit Unions
Credit unions have been
getting some very
good press lately.
Delaware First Federal Credit Union wants to make you
a “Millionaire for a Day!” All you need to do is spread the
news about your credit union to your family, friends, and coworkers.
Remember that anyone who lives, works, worships, or attends school in New Castle
County, Delaware is eligible for credit union membership at Delaware First!
All new members opening a Delaware First share account between July 1 and
September 30, 2008, will be entered into the drawing to become one of Delaware First’s
“Millionaires for a Day.” The current Delaware First member responsible for each new
member referral will also be entered into the “Millionaire” drawing. On October 1 a
total of four prize winners will be selected through a random drawing of all eligible
members. Each winner will then receive the equivalent of one day’s dividend on
$1,000,000* credited to their Delaware First share account.
Use the form below to refer a new member today! (Photocopies will be accepted.)
*Dividend will be calculated based on the rate in effect on October 1, 2008, on the DFFCU regular share savings account.
Yes! I am a new member of Delaware First Federal Credit Union. Please add
my name to the “Millionaire for a Day” drawing being held on October 1, 2008.
Name
Member Number
Address
City, State, Zip
Daytime Telephone Number
A headline in
the April 27
Wall Street
Journal advised
readers to “Check
Credit Unions for Better
Deals.” The article reported the results
of an interest rate survey conducted by
Datatrac, a financial services firm.
Datatrac found that, on average, credit
unions’ rates were superior to banks’ in
every loan or deposit account category
the survey looked at.
Credit unions, it was noted, have
weathered the subprime storm better
than other financial institutions, thanks
to prudent underwriting standards. As
an industry analyst from the California
Credit Union League who was
interviewed for the article observed,
“Because we’re member-owned, any
dollar that’s lost is a dollar of the
membership’s money, not some faceless
shareholder, [so] they don’t take the
risk.”
Obviously you’ve already found one,
or you wouldn’t be reading this. But
share this good news with your family
or friends and encourage them to join.
DFFCU referring member ______________________________________________________
See inside for details.
We can help!
Having ARM
Truobles?
1815 Newport Gap Pike
Wilmington, DE 19808
Spreading Our Wings
Delaware First Federal Credit Union
Sharing the American Dream
Summer 2008
Did you join us for the
Grand Opening of our new
Middletown Branch on June
21? If not, you should have
been there. We know how to
throw a party!
It’s hard to say what
part of it was the most
fun. Of course, that
might depend on whom
you asked.
For those who took
home money from our
money booth, that may have
been it.
For those who spun the
WJBR prize wheel, it may
have been the prizes they
won.
For the kids, it may have
been WJBR’s J Bear or the
Middletown Fire Truck.
For the music lovers, it
may have been the
countrified song stylings of
Warren Montgomery.
Get Out of T hat
ARM!
From left to right: Michael Matweychuk, Director;
Patrick Mahaney, DCUL President; Dan Komara,
Director; Natalie Hayden, Branch Operations
Supervisor; Alice Smith, DCUL; Sharon Schaeffer,
President/CEO; Yvonne Leonard, Middletown Branch
Supervisor; and Kelly McKeown, Director.
For those who were in need of
vacations, it may have been our oneday specials on vacation loans.
And for those who wanted to earn
especially nice dividends, it may have
been our one-day specials on CDs.
The new branch is located at 98
Sandhill Drive in Middletown. If you
live in Middletown and haven’t been
there yet, stop in and see us, we’re
looking forward to serving you there.
We now have convenient drive-thru
windows!
Polly Want a Vacation?
We won’t squawk if you ask us for a loan.
Ready to bust out of your cage?
If you need a vacation—and a loan to make it
possible—come to us. We’re making loans at reasonable
rates. What’s “reasonable”? Try as low as 8.99% APR.
So get out of town ... with a little help from your
credit union!
Q U A L I T Y
S E R V I C E ,
So-called “exploding ARMs” have
been going off all over the country as
super-low teaser rates on adjustable-rate
mortgages have reset at rates that
sometimes exceed 10 percent. If your
ARM is exploding, take action now. Get
the help you need from people who truly
care about your financial well-being.
Turn to Delaware First.
We’re here for you with great
mortgage solutions and great rates. (Go
to www.delawarefirst.com to see our
current rates or to apply for your
mortgage solution.) We also have great
resources to help you better understand
refinancing.
We think you’ll appreciate our
competitive advantage and friendly
environment. We’ve eliminated
traditional paperwork and red tape in
favor of a few clicks and a few questions.
Ready to take some of the pressure
off? Visit our website or stop by the
credit union and explore your
refinancing options.
M E M B E R S
F I R S T
Y
C
A
V
I
PR
Y
C
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O
P
Credit Union Privacy Notice
Our credit union is committed to
providing you with financial
products and services to meet your
needs and help you reach your
financial goals. The Credit Union is
also committed to protecting your
personal information.
We are required by law to give you
this privacy notice. If after reading
this notice you have any questions,
please contact us by telephone. What
follows is a description of the
information we collect and disclose,
including the parties who receive
nonpublic information from us as we
conduct the business of the Credit
Union.
Information We Collect
About You
We collect nonpublic personal
information about you from the
following sources:
•
Information we receive from you
on applications and other forms;
•
Information about your
transactions with us or others;
•
Information we receive from a
credit reporting agency;
•
Information obtained when
verifying the information you
provide on an application or other
forms. This may be obtained from
your current or past employers, or
from other institutions where you
conduct financial transactions.
We may disclose all of the
information we collect, as described
above.
Your Right to Know
Parties Who Receive
Information from Us
How We Protect Your
Information
We may disclose nonpublic
personal information about you to the
following types of third parties:
We restrict access to nonpublic
personal information about you to
those employees who need to know
that information to provide products
or services to you.We maintain
physical, electronic, and procedural
safeguards that comply with federal
regulations to guard your nonpublic
personal information.
•
Financial companies, such as
insurance companies and
mortgage service companies; and
•
Non-financial companies, such as
consumer reporting agencies.
Disclosure of Information to
Parties That Provide Services
to Us
We are committed to providing
you with competitive products and
services to meet your financial
needs.We may disclose all of the
information we collect, as described
above, to the companies that perform
services on our behalf or to other
financial institutions with whom we
have joint marketing agreements.We
never sell information to outside
parties. The information we provide
to outside parties is used only for
Credit Union business.We only work
with companies who agree to
maintain strong confidentiality
protections and limit the use of
information we provide. As a result
of these arrangements, we may
disclose all of the information we
collect, as described above.We may
also disclose information about you
under other circumstances as
permitted or required by law. These
disclosures typically include
information to process transactions
on your behalf, conduct the
operations of our credit union, follow
your instructions as you authorize or
protect the security of our financial
records.
Disclosure of Information
About Former Members
If you decide to terminate your
membership with the Credit Union,
we will not share information we
have collected about you, except as
may be permitted or required by law.
What Members Can Do to
Help
Our credit union is committed to
protecting the privacy of its members.
Members can help by following these
simple guidelines:
•
Protect your account numbers,
card numbers, PINs (personal
identification numbers) and
passwords. Having your PIN with
your debit or credit card will
provide free access to your
accounts to others if your card is
lost or stolen.
•
Use caution when disclosing your
account numbers, social security
numbers, etc. to other persons. If
someone calls you, explains the
call is on behalf of the Credit
Union and asks for your account
number, you should beware.
Official Credit Union staff will
have access to your information
and will not need to ask for it.
•
Keep your information with us
current. It is important that we
have current information on how
to reach you. If we detect
potentially fraudulent or
unauthorized activity or use of an
account, we will attempt to contact
you immediately. If your address
or phone number changes, please
let us know.
Let us know if you have questions.
Please do not hesitate to call us—we
are here to serve you!
Happenings
Become a Millionaire
for a Day
Main Office
1815 Newport Gap Pike
Wilmington, DE 19808-6241
Holidays
Hours of Operation
Delaware First FCU will be closed in observance of the following holidays:
Lab or D ay, Monday, September 1, 2008
Col umb us D ay, Monday, October 13, 2008
Monday, Tuesday & Thursday
9:00 a.m. – 5:00 p.m.
Wednesday 9:30 a.m. – 5:00 p.m.
Friday 8:30 a.m. – 6:00 p.m.
Saturday 9:00 a.m. – 1:00 p.m.
Member Services
Telephone Number
(302) 998-0665
Rates of Interest
Outside New Castle County
Toll-Free
as of June 1, 2008
SHARE RATES
APY*
Regular & Secondary Shares . . . . . 0.75%
Youth Accounts . . . . . . . . . . . . . . . . . . . . . . 0.75%
Holiday Accounts . . . . . . . . . . . . . . . . . . . 0.80%
Vacation Club Accounts . . . . . . . . . . 0.80%
(877) 994-3626
LOAN RATES
Middletown Branch
APR*
Personal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.99%
Home Equity – Fixed Rate . . . . . . . . 5.49%
Checking Accounts
$0 – $99.99 . . . . . . . . . . . . No dividends paid
$100 – $4,999.99 . . . . . . . . . . . . . . . . . . . . . . 0.25%
$5,000 and over . . . . . . . . . . . . . . . . . . . . . . . 1.50%
Automobile/Motorcycle
New . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.99%
Used . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.99%
Money Market
$1,000 – $9,999 . . . . . . . . . . . . . . . . . . . . . . . 1.10%
$10,000 – $24,999 . . . . . . . . . . . . . . . . . . . . 1.50%
$25,000 – $49,999 . . . . . . . . . . . . . . . . . . . . 1.75%
$50,000 – $74,999 . . . . . . . . . . . . . . . . . . . . 2.00%
$75,000 and over . . . . . . . . . . . . . . . . . . . . . 2.25%
RV/Watercraft
New or Used . . . . . . . . . . . . . . . . . . . . . . . . . 8.99%
Home Advantage
Card . . . . . . . . . . . . . . . . . . . . . . . . WSJ Prime Rate
MasterCard . . . . . . . . . . . . . . . as low as 9.25%
98 Sandhill Drive
Middletown, DE 19709
Phone: (302) 378-5566
Fax: (302) 378-5565
Hours of Operation
Monday – Wednesday 9:30 a.m. – 5:00 p.m.
Thursday & Friday 9:00 a.m. – 6:00 p.m.
Saturday 9:00 a.m. – 1:00 p.m.
Loan by Phone
(877) 923-0198
Consider Delaware First FCU for
Refinancing or Debt Consolidation.
IRA Shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.80%
Rates are effective as of 6/1/08 and are subject to
change without notice.
*APY = Annual Percentage Yield
Share & IRA Certificates*
6 - 11 months . . . . . . . . . . . . . . . . . . . . . . . . . . 2.25%
12 - 23 months . . . . . . . . . . . . . . . . . . . . . . . . 2.50%
24 - 35 months . . . . . . . . . . . . . . . . . . . . . . . . 2.75%
36 - 47 months . . . . . . . . . . . . . . . . . . . . . . . 3.00%
48 - 59 months . . . . . . . . . . . . . . . . . . . . . . . . 3.25%
60 - 71 months . . . . . . . . . . . . . . . . . . . . . . . . 3.25%
72 - 83 months . . . . . . . . . . . . . . . . . . . . . . . . 3.25%
84 months . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.25%
Rates are effective as of 6/1/2008 and are subject
to change without notice. Minimum opening
deposit for all certificates is $500. Subject to
penalty for early withdrawal.
Rates are effective of 6/1/08. Rates reflect 1/2%
discount for members with automatic payments or
direct payroll payments. Rates are for qualified
borrowers and subject to the Credit Union’s tiered
loan policy. The rate for each loan will be assigned
at the time loan is underwritten based on the
member’s credit worthiness. Rates, terms, and
promotions are subject to change without notice.
This chart is not intended to provide full
disclosures. Please visit our website for more
information.
*APR = Annual Percentage Rate
Board of Directors
Ed Nadolny
Chairman
Daniel W. Komara
Vice Chairman
James G. Brown
Treasurer
Kimberly L. Rachiele
Recording Secretary
Michael J. Matweychuk
Director
Kelly McKeown
Director
*APY = Annual Percentage Yield
Federally insured by NCUA
designed & printed by visions, ink. 280996 6/08