Fort Worth Community Credit Union

Fort Worth Community Credit Union
Board of Directors
W. Leighton Waters, Chairman
Marcella Banks, Vice-Chair
Henry Christiansen, Secretary/Treasurer
Bennie Cruz
Janice Graczyk
Neal Oliver
Herbert Sims
Stan Spivey
Tomas Tijerina
Mike Talbot, Director Emeritus
Audit Committee
Michael Clardy, Chairman
Charles Redding
Tunisia Sadruddin
Senior Management
Richard Howdeshell, President/CEO
Michael Franko, SVP Finance
Kyle Koke, SVP Lending
Diane Dorsey, VP Operations
Rochelle Drake, VP Marketing
Tammy Trudelle, VP Human Resources
Marc Rhodes, VP Support Services
Carl Auzenne, VP Information Technology
Upon request, members of FTWCCU may review:
balance sheet, income statement, summary of
annual audit, form 990, articles of incorporation,
bylaws, and Board policies.
Member Information Phone Center
(817) 835-5000
(800) 817-8234
Monday - Friday 7:30am - 6:00pm
Saturday 9:00am - Noon
Email: ftwccu@ftwccu.org
Website: www.ftwccu.org
Fort Worth Community Credit Union
P.O. Box 210848
Bedford, Texas 76095-7848
24 Hour “ART”
Audio Response Phone Line
(817) 835-5050 Local
(817) 318-4901 Metro
(800) 817-8235
Job Line
(817) 835-5255
Upcoming FTWCCU Holidays
October 2015 Member Newsletter
Columbus Day
Closed Monday, October 12th
Veteran’s Day
Closed Wednesday, November 11th
Thanksgiving Day
Closed Thursday, November 26th
Christmas Day
Closed Friday, December 25th
Enjoy Every Moment of the Season with a Holiday Fast Cash Loan
Can you believe it’s that time of year again? It
seems like only yesterday that school was starting.
The holiday season keeps getting closer and
closer, but what if your wallet isn’t quite ready
for the expenses that accompany the holidays? As
always, Fort Worth Community Credit Union is
here for you.
This credit union is incorporated under the laws of the State
of Texas and under state law is subject to regulatory oversight
by the Texas Credit Union Department. If any dispute is
not resolved to your satisfaction, you may file a complaint
against the credit union by contacting the Texas Credit
Union Department at 914 East Anderson Lane Austin, Texas
78752-1699, Telephone Number: (512) 837-9236 Website:
www.cud.texas.gov.
The New FTWCCU Chip Card is Here
Carry the security and convenience of the new FTWCCU
chip card, available for both credit and debit.
Your new chip card provides an extra level of security and is
easy to use.
As of right now, we are in the process of issuing all members
with a FTWCCU MasterCard Debit Card a new debit card
with a chip.
Step 1: With the front facing up, insert your card into the
ATM or in-store terminal. Do not remove your card until the
transaction is complete. Then follow the on-screen instructions.
A chip card is a credit or debit card with a traditional
magnetic stripe and an embedded microchip for added
security. The embedded microchip provides unique data
specific to your card and the transaction being processed
every time you use it at chip-enabled ATMs or terminals. By
using this new techonology, you are better protected from
fraudulent use.
Step 2: You may be required to enter your PIN or sign the
sales receipt to complete your purchase.
Chip cards are issued with a chip on the front of the card
and the familiar magnetic stripe on the back of the card so
you can continue using your card at ATMs and point-of-sale
terminals while merchants in the U.S. are transitioning to
the new terminals.
FTWCCU Information As of August 31, 2015
Total Assets.................................... $826,390,605
Total Members......................................... 79,509
Step 3: When the transaction is complete, always
remember to remove your card.
It is important to always try the new method first
because it is more secure. If the merchant/retailer
does not have the chip card capability, then use the
traditional-swipe method.
Make the holidays festive and bright with a
Holiday Fast Cash Loan from Fort Worth
Community Credit Union! It’s a little extra cash
to put the finishing touches on your holiday
plans. Use it for anything – gifts, travel, or even
home décor.
7.9
as low as*
%
APR
From October 1 through December 31, you can
apply for a Holiday Fast Cash Loan – a personal
loan of up to $15,000 that you can use to take
care of all of your holiday needs.
With 12 months to repay the loan at a special
rate as low as 7.9% APR*, a Holiday Fast Cash
loan gives you more flexibility and lower rates
than other alternatives like your credit card. We’ll
make the process quick and easy, with the friendly
personal service you deserve.
Apply for a Holiday Fast Cash Loan today! Apply
online at www.ftwccu.org, call (817) 835-5000,
or apply in person at any Fort Worth Community
Credit Union location.
up to $15,000
12 months to repay
To learn more about the new chip cards, visit www.ftwccu.org.
Your savings federally insured to at least $250,000
and backed by the full faith and credit of the United States Government
NCUA
National Credit Union Administration, a U.S. Government Agency
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the
United States Government. National Credit Union Administration, a U.S. Government Agency
*Rates as low as 7.90% APR. APR=Annual Percentage Rate. Special “as low as” rate quoted with payroll paid payments. Offer ends December 31, 2015.
Quoted rates are subject to change without notice. Normal credit granting criteria applies. All loans are subject to approval. Certain restrictions may apply.
Security: Internet Safety
eCriminals leave no fingerprints!
The Internet has indisputably changed the face of business,
becoming extremely popular with consumers and merchants
alike. Unfortunately though, the Internet has also become a
favorite tool of criminals who operate within the anonymity
and secrecy of the Web. FTWCCU suggests that you familiarize
yourself with these basic safety practices.
Check out online merchants before shopping
Look over the site carefully, and take time to read the Privacy
Policy. It should be prominently displayed and should clearly
tell you whether or not the company collects your information,
how that information is collected, and how it may be used.
Whenever you have the opportunity, you should opt-out of
third-party information sharing.
Another key element of a safe shopping site is the Better
Business Bureau’s BBBOnLine icon. If you click on the icon,
it should link you to the BBB site. This will tell you that the
company is a member of their local Better Business Bureau,
having pledged to uphold the standards of the BBB and live up
to their promises.
Protect your personal information
It’s easy to become overwhelmed with passwords and user names
if you use the Internet often. Common sense dictates that you
shouldn’t write down your passwords, just as you don’t write
down your PIN. Don’t choose passwords that would be easy for
someone else to acquire. For instance, your mother’s maiden
name, your Social Security number and your birth date are
three pieces of information that you should avoid using. There
are plenty of words and numbers that would be easy for you to
remember, but nearly impossible for another person to guess or
even consider. Think of something unique that will streamline
your Internet usage and protect your privacy.
Keep a record of your Internet transactions to help you review
your monthly statements. If you monitor your accounts each
month, you will be much more apt to spot any inaccuracies
that could indicate the fraudulent use of your account
numbers. Another way to help simplify your record-keeping is
to use only your FTWCCU Credit Card for all your Internet
purchases. This means you’ll only have one account number
floating around in cyberspace, and it should help simplify your
recordkeeping.
The Internet is a valuable resource, but it must be used with
care. If you suspect that the security of your card has been
compromised, stop using the card immediately and contact
FTWCCU. With knowledge, caution and common sense, you
should be able to explore and enjoy the limitless possibilities
offered online.
International Credit Union Day - People
Helping People
Why do 217 million people worldwide
choose credit unions? Because credit
unions have a “people-first” philosophy
that impels them to constantly improve
the communities and lives of their
members. On October 15, 2015, join
credit union members around the globe
in celebrating International Credit Union Day® and experience the
credit union difference.
Visit any FTWCCU Office on October 15th and celebrate with
your fellow member owners!
Talk About Savings! The Sprint Credit Union
Member Discount
How would you like valuable savings on monthly wireless data
bills– plus waived activation and upgrade fees? You get all that and
more thanks to FTWCCU and Sprint’s Credit Union Member
Discount.
Members
• Get a 10% discount on select regularly priced Sprint
monthly data service
• Have your activation fee on new lines waived($36 savings)
• Have your upgrade fee waived($36 savings)
• Mention Corporate ID: NACUC_ZZM
Credit Union Member Verification
Verification is easy and only takes a few minutes to complete.
There are four ways to verify your credit union membership:
1. Free Love My Credit Union Rewards App for Android
and/or iPhone.
• iPhone users find it at the Apple App Store.
• Android users find the app in Google Play.
• Search for “Love My Credit Union Rewards.”
• You will be prompted to black out all confidential information within the app.
2. Fill out and fax the Sprint Verification Form
(http://www.lovemycreditunion.org/sprint) and supporting
documents to the Sprint Corporate Accounts:
(913) 523-1987 or toll free: (877) 687-8211.
3. Visit www.Sprint.com/verify from a mobile device.
4. Sign up for Sprint’s Auto Pay using your credit union
checking account or credit union debit/credit card:
http://www.sprint.com/.
Start saving with Sprint today!
What is the Difference Between a Traditional and Roth IRA?
There are some key differences between these two types of individual retirement accounts (IRAs). While the contribution limits are
the same for both, each has its own specific rules and potential benefits (see table below).
It’s important to review both types of vehicles and plan your IRA strategy carefully. No matter which type you choose, make the
most of your IRA by contributing to it regularly.
Contribution limits?
Traditional IRA
Roth IRA
For 2015, the maximum contribution is $5,500 ($6,500 for those aged 50 and older). Amounts
are indexed annually for inflation.
For 2015, the maximum contribution is $5,500 ($6,500 for
those aged 50 and older). Amounts are indexed annually for
inflation.
Contributions made with Pre-tax or after-tax.
pre-tax or after-tax dollars?
After-tax only.
Contributions tax
deductible?
Yes, if the account holder does not already participate in an employer-sponsored retirement plan.
No, Roth IRA contributions are not tax deductible.
Otherwise, the account holder must earn under the income thresholds set by the IRS. For 2015,
a full deduction is allowed for single filers who earn less than $61,000 and joint-filing married
couples who earn less than $98,000. Partial deductions are allowed for single filers earning between
$61,000 and $71,000, and joint-filing married couples earning between $98,000 and $118,000.
Tax-free distributions?
Not allowed. Distributions from a traditional IRA are taxed as ordinary income.*
Allowed, provided the account owner is at least age 59½ and
has held the account for at least 5 years.*
Required minimum
distributions (RMDs)
after age 70½?
Yes, traditional IRAs are subject to RMDs, which require account holders to take annual
distributions from the account after age 70½.
Not required.
Contributions after age
70½?
Not allowed.
Allowed, provided the account holder has earned income.
Types of investments
allowed?
A wide variety of options (including mutual funds, stocks, bonds, CDs, and ETFs), depending on
the financial institution.
A wide variety of options (including mutual funds, stocks, bonds,
CDs, and ETFs), depending on the financial institution.
Securities offered through LPL Financial, Member FINRA/SIPC. Not NCUA insured. May involve loss of principal. No credit union guarantee. Fort Worth Community Investments and Fort Worth
Community Credit Union are not registered broker/dealers, nor affiliated with LPL Financial. *Distributions made prior to age 59½ may be subject to a 10% additional federal tax.
Board of Directors Candidates
FTWCCU members elect representatives to serve on the Board
of Directors. Are you interested in serving your fellow members
by shaping Credit Union policy? Submit an application to the
Nominating Committee for nomination by October 31, 2015.
Three directors will be elected by the membership in 2016.
Directors serve on the Board on a volunteer basis for three-year
terms.
Qualifications for Board of Directors include the following:
• Be a member in good standing with FTWCCU
• Be at least 18 years old
• Be interested in working for the benefit of all members
• Be able to attend monthly scheduled and other special
meetings
• Be willing to accept legal responsibility for the financial
integrity of the Credit Union and for its compliance with
all federal and state regulations
For an application or other information contact:
Debbie Wilson, Executive Secretary
PO Box 210848
Bedford, Texas 76095-7848
(817) 835-5202
Birthday Card Design Winners
Congratulations to Jocelyn, age 9, and Parker, age 7- winners of our Young
Savers Birthday Card Coloring Contest. Both drawings will be featured
on FTWCCU’s Birthday cards for 2016. They both received a family
four pack of tickets to the Fort Worth Zoo for their winning designs.
Jocelyn
Parker
Security: Internet Safety
eCriminals leave no fingerprints!
The Internet has indisputably changed the face of business,
becoming extremely popular with consumers and merchants
alike. Unfortunately though, the Internet has also become a
favorite tool of criminals who operate within the anonymity
and secrecy of the Web. FTWCCU suggests that you familiarize
yourself with these basic safety practices.
Check out online merchants before shopping
Look over the site carefully, and take time to read the Privacy
Policy. It should be prominently displayed and should clearly
tell you whether or not the company collects your information,
how that information is collected, and how it may be used.
Whenever you have the opportunity, you should opt-out of
third-party information sharing.
Another key element of a safe shopping site is the Better
Business Bureau’s BBBOnLine icon. If you click on the icon,
it should link you to the BBB site. This will tell you that the
company is a member of their local Better Business Bureau,
having pledged to uphold the standards of the BBB and live up
to their promises.
Protect your personal information
It’s easy to become overwhelmed with passwords and user names
if you use the Internet often. Common sense dictates that you
shouldn’t write down your passwords, just as you don’t write
down your PIN. Don’t choose passwords that would be easy for
someone else to acquire. For instance, your mother’s maiden
name, your Social Security number and your birth date are
three pieces of information that you should avoid using. There
are plenty of words and numbers that would be easy for you to
remember, but nearly impossible for another person to guess or
even consider. Think of something unique that will streamline
your Internet usage and protect your privacy.
Keep a record of your Internet transactions to help you review
your monthly statements. If you monitor your accounts each
month, you will be much more apt to spot any inaccuracies
that could indicate the fraudulent use of your account
numbers. Another way to help simplify your record-keeping is
to use only your FTWCCU Credit Card for all your Internet
purchases. This means you’ll only have one account number
floating around in cyberspace, and it should help simplify your
recordkeeping.
The Internet is a valuable resource, but it must be used with
care. If you suspect that the security of your card has been
compromised, stop using the card immediately and contact
FTWCCU. With knowledge, caution and common sense, you
should be able to explore and enjoy the limitless possibilities
offered online.
International Credit Union Day - People
Helping People
Why do 217 million people worldwide
choose credit unions? Because credit
unions have a “people-first” philosophy
that impels them to constantly improve
the communities and lives of their
members. On October 15, 2015, join
credit union members around the globe
in celebrating International Credit Union Day® and experience the
credit union difference.
Visit any FTWCCU Office on October 15th and celebrate with
your fellow member owners!
Talk About Savings! The Sprint Credit Union
Member Discount
How would you like valuable savings on monthly wireless data
bills– plus waived activation and upgrade fees? You get all that and
more thanks to FTWCCU and Sprint’s Credit Union Member
Discount.
Members
• Get a 10% discount on select regularly priced Sprint
monthly data service
• Have your activation fee on new lines waived($36 savings)
• Have your upgrade fee waived($36 savings)
• Mention Corporate ID: NACUC_ZZM
Credit Union Member Verification
Verification is easy and only takes a few minutes to complete.
There are four ways to verify your credit union membership:
1. Free Love My Credit Union Rewards App for Android
and/or iPhone.
• iPhone users find it at the Apple App Store.
• Android users find the app in Google Play.
• Search for “Love My Credit Union Rewards.”
• You will be prompted to black out all confidential information within the app.
2. Fill out and fax the Sprint Verification Form
(http://www.lovemycreditunion.org/sprint) and supporting
documents to the Sprint Corporate Accounts:
(913) 523-1987 or toll free: (877) 687-8211.
3. Visit www.Sprint.com/verify from a mobile device.
4. Sign up for Sprint’s Auto Pay using your credit union
checking account or credit union debit/credit card:
http://www.sprint.com/.
Start saving with Sprint today!
What is the Difference Between a Traditional and Roth IRA?
There are some key differences between these two types of individual retirement accounts (IRAs). While the contribution limits are
the same for both, each has its own specific rules and potential benefits (see table below).
It’s important to review both types of vehicles and plan your IRA strategy carefully. No matter which type you choose, make the
most of your IRA by contributing to it regularly.
Contribution limits?
Traditional IRA
Roth IRA
For 2015, the maximum contribution is $5,500 ($6,500 for those aged 50 and older). Amounts
are indexed annually for inflation.
For 2015, the maximum contribution is $5,500 ($6,500 for
those aged 50 and older). Amounts are indexed annually for
inflation.
Contributions made with Pre-tax or after-tax.
pre-tax or after-tax dollars?
After-tax only.
Contributions tax
deductible?
Yes, if the account holder does not already participate in an employer-sponsored retirement plan.
No, Roth IRA contributions are not tax deductible.
Otherwise, the account holder must earn under the income thresholds set by the IRS. For 2015,
a full deduction is allowed for single filers who earn less than $61,000 and joint-filing married
couples who earn less than $98,000. Partial deductions are allowed for single filers earning between
$61,000 and $71,000, and joint-filing married couples earning between $98,000 and $118,000.
Tax-free distributions?
Not allowed. Distributions from a traditional IRA are taxed as ordinary income.*
Allowed, provided the account owner is at least age 59½ and
has held the account for at least 5 years.*
Required minimum
distributions (RMDs)
after age 70½?
Yes, traditional IRAs are subject to RMDs, which require account holders to take annual
distributions from the account after age 70½.
Not required.
Contributions after age
70½?
Not allowed.
Allowed, provided the account holder has earned income.
Types of investments
allowed?
A wide variety of options (including mutual funds, stocks, bonds, CDs, and ETFs), depending on
the financial institution.
A wide variety of options (including mutual funds, stocks, bonds,
CDs, and ETFs), depending on the financial institution.
Securities offered through LPL Financial, Member FINRA/SIPC. Not NCUA insured. May involve loss of principal. No credit union guarantee. Fort Worth Community Investments and Fort Worth
Community Credit Union are not registered broker/dealers, nor affiliated with LPL Financial. *Distributions made prior to age 59½ may be subject to a 10% additional federal tax.
Board of Directors Candidates
FTWCCU members elect representatives to serve on the Board
of Directors. Are you interested in serving your fellow members
by shaping Credit Union policy? Submit an application to the
Nominating Committee for nomination by October 31, 2015.
Three directors will be elected by the membership in 2016.
Directors serve on the Board on a volunteer basis for three-year
terms.
Qualifications for Board of Directors include the following:
• Be a member in good standing with FTWCCU
• Be at least 18 years old
• Be interested in working for the benefit of all members
• Be able to attend monthly scheduled and other special
meetings
• Be willing to accept legal responsibility for the financial
integrity of the Credit Union and for its compliance with
all federal and state regulations
For an application or other information contact:
Debbie Wilson, Executive Secretary
PO Box 210848
Bedford, Texas 76095-7848
(817) 835-5202
Birthday Card Design Winners
Congratulations to Jocelyn, age 9, and Parker, age 7- winners of our Young
Savers Birthday Card Coloring Contest. Both drawings will be featured
on FTWCCU’s Birthday cards for 2016. They both received a family
four pack of tickets to the Fort Worth Zoo for their winning designs.
Jocelyn
Parker
Fort Worth Community Credit Union
Board of Directors
W. Leighton Waters, Chairman
Marcella Banks, Vice-Chair
Henry Christiansen, Secretary/Treasurer
Bennie Cruz
Janice Graczyk
Neal Oliver
Herbert Sims
Stan Spivey
Tomas Tijerina
Mike Talbot, Director Emeritus
Audit Committee
Michael Clardy, Chairman
Charles Redding
Tunisia Sadruddin
Senior Management
Richard Howdeshell, President/CEO
Michael Franko, SVP Finance
Kyle Koke, SVP Lending
Diane Dorsey, VP Operations
Rochelle Drake, VP Marketing
Tammy Trudelle, VP Human Resources
Marc Rhodes, VP Support Services
Carl Auzenne, VP Information Technology
Upon request, members of FTWCCU may review:
balance sheet, income statement, summary of
annual audit, form 990, articles of incorporation,
bylaws, and Board policies.
Member Information Phone Center
(817) 835-5000
(800) 817-8234
Monday - Friday 7:30am - 6:00pm
Saturday 9:00am - Noon
Email: ftwccu@ftwccu.org
Website: www.ftwccu.org
Fort Worth Community Credit Union
P.O. Box 210848
Bedford, Texas 76095-7848
24 Hour “ART”
Audio Response Phone Line
(817) 835-5050 Local
(817) 318-4901 Metro
(800) 817-8235
Job Line
(817) 835-5255
Upcoming FTWCCU Holidays
October 2015 Member Newsletter
Columbus Day
Closed Monday, October 12th
Veteran’s Day
Closed Wednesday, November 11th
Thanksgiving Day
Closed Thursday, November 26th
Christmas Day
Closed Friday, December 25th
Enjoy Every Moment of the Season with a Holiday Fast Cash Loan
Can you believe it’s that time of year again? It
seems like only yesterday that school was starting.
The holiday season keeps getting closer and
closer, but what if your wallet isn’t quite ready
for the expenses that accompany the holidays? As
always, Fort Worth Community Credit Union is
here for you.
This credit union is incorporated under the laws of the State
of Texas and under state law is subject to regulatory oversight
by the Texas Credit Union Department. If any dispute is
not resolved to your satisfaction, you may file a complaint
against the credit union by contacting the Texas Credit
Union Department at 914 East Anderson Lane Austin, Texas
78752-1699, Telephone Number: (512) 837-9236 Website:
www.cud.texas.gov.
The New FTWCCU Chip Card is Here
Carry the security and convenience of the new FTWCCU
chip card, available for both credit and debit.
Your new chip card provides an extra level of security and is
easy to use.
As of right now, we are in the process of issuing all members
with a FTWCCU MasterCard Debit Card a new debit card
with a chip.
Step 1: With the front facing up, insert your card into the
ATM or in-store terminal. Do not remove your card until the
transaction is complete. Then follow the on-screen instructions.
A chip card is a credit or debit card with a traditional
magnetic stripe and an embedded microchip for added
security. The embedded microchip provides unique data
specific to your card and the transaction being processed
every time you use it at chip-enabled ATMs or terminals. By
using this new techonology, you are better protected from
fraudulent use.
Step 2: You may be required to enter your PIN or sign the
sales receipt to complete your purchase.
Chip cards are issued with a chip on the front of the card
and the familiar magnetic stripe on the back of the card so
you can continue using your card at ATMs and point-of-sale
terminals while merchants in the U.S. are transitioning to
the new terminals.
FTWCCU Information As of August 31, 2015
Total Assets.................................... $826,390,605
Total Members......................................... 79,509
Step 3: When the transaction is complete, always
remember to remove your card.
It is important to always try the new method first
because it is more secure. If the merchant/retailer
does not have the chip card capability, then use the
traditional-swipe method.
Make the holidays festive and bright with a
Holiday Fast Cash Loan from Fort Worth
Community Credit Union! It’s a little extra cash
to put the finishing touches on your holiday
plans. Use it for anything – gifts, travel, or even
home décor.
7.9
as low as*
%
APR
From October 1 through December 31, you can
apply for a Holiday Fast Cash Loan – a personal
loan of up to $15,000 that you can use to take
care of all of your holiday needs.
With 12 months to repay the loan at a special
rate as low as 7.9% APR*, a Holiday Fast Cash
loan gives you more flexibility and lower rates
than other alternatives like your credit card. We’ll
make the process quick and easy, with the friendly
personal service you deserve.
Apply for a Holiday Fast Cash Loan today! Apply
online at www.ftwccu.org, call (817) 835-5000,
or apply in person at any Fort Worth Community
Credit Union location.
up to $15,000
12 months to repay
To learn more about the new chip cards, visit www.ftwccu.org.
Your savings federally insured to at least $250,000
and backed by the full faith and credit of the United States Government
NCUA
National Credit Union Administration, a U.S. Government Agency
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the
United States Government. National Credit Union Administration, a U.S. Government Agency
*Rates as low as 7.90% APR. APR=Annual Percentage Rate. Special “as low as” rate quoted with payroll paid payments. Offer ends December 31, 2015.
Quoted rates are subject to change without notice. Normal credit granting criteria applies. All loans are subject to approval. Certain restrictions may apply.