oct08 by yantingting


									                                                                                                                                                                Chart the Right Course for Your Finances

S EO c tE M B r R2 02 0 0 6

                                                                                                                                                                                 at TFCU

                                                    Since 1952

                                            The Educated Choice
   PT obeE

                              2410 N. Ocean Avenue, P.O. Box 9029 Farmingville, N.Y. 11738-9029                                                                                                                                                        www.teachersfcu.org

                              Save Money at Our Fall Auto Loan Sale Event
                              October 10 - 19
                              Get an additional ¼% discount on our already low rates, from October 10 - 19 only!
                              This discount applies whether you purchase a new or used auto, truck, RV or motor-
                              cycle. See current rates on page 6.

                              Apply for preapproval of your loan and shop with confidence. Know your purchasing
                              power before you even speak with a dealer. You can defer your first payment for up
                              to 90 days**. Applications are available at all TFCU branch locations, online or at
                              most dealers***.

                              *Reduced loan rates on vehicles purchased during this sale period only. Purchase agreement dated between October 10 – 19, disbursement by October 31. Rate reduction not available on balloon loans or leases. **Interest will accrue from the date your loan is disbursed.
                              ***Participating GrooveCar dealers only. Visit our website for a complete list of dealers.

                                   Visit GrooveCar’s Newly Designed Website!
                                   It’s Launching This Month Featuring:                                                                                                                               New and Certified Pre-Owned Auto Leasing
                                    • GrooveCar Goes Green                                                        • Members Club Card                                                                 Drive the Car You Want for the Price You Can Afford!
                                      Learn about hybrid cars                                                       Receive special discounts and
                                    • Young Drivers Guide                                                           services
                                                                                                                                                                                                      - No security deposit or down payment required*
                                      Tips and advice for new drivers                                             • Sell Your Car
                                    • GrooveTube Video                                                              Classified section for selling autos                                              - Gap insurance included on all leases
                                      Watch a video of your dream car                                             • 4 Steps to Saving                                                                 - Flexible terms and mileage allowance
                                    • Build Your Car                                                                Step by step guide to getting the
                                                                                                                                                                                                      - “No surprise” wear and tear policy
                                      Build your car from scratch and                                               best deal on your next automobile
                                      get a price quote on it                                                                                                                                         - Flexible options at lease maturity
                                    • Pre-Owned Dealer Inventory
                                      View interior and exterior photos
                                                                                                                                                                                                      *Subject to credit approval.

                                        Call 1-866-GROOVE4 or visit www.groovecar.com

                              October Food Drive to Benefit Long
                              Island Cares and Island Harvest
                              Credit unions are dedicated to improving the lives of those in our community. Increasingly, more Long Islanders find it neces-
                              sary to choose between buying food for their families or fuel to heat their homes. That’s why twelve Long Island Credit Unions,
                              representing nearly a half-million members, have joined together to help fight hunger in Nassau and Suffolk Counties.
                              TFCU will collect donations at all branches. Your generous contribution of cash or non-perishable food is most appreciated.
                              Long Island Credit Unions are about People Helping People. Thank you for helping your fellow Long Islanders.
                                • The Long Island Credit Union Food Drive will run from October 1 through October 31, 2008.
                                • All donations will help Long Island Cares and Island Harvest, two well-respected organizations, feed the hungry of Long
                                  Island. For more information about these organizations, visit www.licreditunions.org.
                                • The top ten (nonperishable food in cans or plastic containers; no glass items, please): beans, fruit, juice, meat, milk, peanut
                                  butter, soup, stew, tuna, vegetables.
      $$                                                                                                                                                                                  $
 Scholarship Competition Announcement
 TFCU, in conjunction with the New York State Credit Union
 League, is offering college-bound high school seniors the
 opportunity to compete for statewide scholarships to either a
 two- or four-year accredited educational institution.

 Stop in to any branch office and request a scholarship
 application form or download one online at www.teachersfcu.org.

 Deadline: Friday, January 23, 2009.
 There is no fee for submitting an application, but those students
 applying MUST be:

 • Members of TFCU, with their own personal account*
 • College-bound high school seniors
 • Attending college for the first time in the fall of 2009.                                                                                    Watch for your newsletter in April; it will include an application for
                                                                                                                                                TFCU’s exclusive Scholarship Drawing for six $1,000 winners.
 Scholarship winners, for either $1,000 or $500, will be announced
                                                                                                                                                *A TFCU savings account can be opened for as little as $1.
 in April.

                                                                                   Identity Theft:
                                                                                   It’s Only Difficult for the Victims
                                                                                    Protecting yourself from becoming a victim of fraud has never been more important, which is
                                                                                    why Teachers Federal Credit Union now offers members a solution to help do just that.
                                                                                    For the low cost of $7.95 per month, you can purchase Enhanced Fraud Protection Plus,
                                                                                    which will provide you with four levels of increased security.
                                                                                    For more information, visit www.teachersfcu.org or stop by your local branch today!

 Your Home May be Your Silent Partner
  Want to spruce up your home before the holiday season? Thinking of investing in your                                                                                                           HOME EQUITY LINE OF CREDIT

  career by continuing your education?
  If you own your home, you may have a silent partner ready and willing to provide the                                                                                                           Rates                                           *
                                                                                                                                                                                                 as low as
  money you need. Borrowing against the equity in your house to make home improve-
  ments or invest in an education is an excellent way to use your resources.                                                                                                                                 Variable Rate
                                                                                                                                                                                                                  180 Months
  Your dreams can become a reality. We can help you find out if your home might be your
  silent partner. Contact us today at (631) 698-7000, extension 3340, to see how a home                                                                                                               MINI-HOME EQUITY LOAN

  equity loan can help you realize your dreams.
 All rates and terms are subject to change without notice. *HELOC max $350,000 (up to 80% of home value, rate shown for 80% max. LTV). Lines up to $75,000 require $5,000 min. advance           Rates                                           **
 or balance transfer from outside lender or from TFCU fixed rate product & must maintain a balance for 24 months to avoid repayment of closing costs. Lines $75,001 - $250,000: $60,000          as low as
 advance & $50,000 min. balance for 24 mos. to avoid repayment of closing costs. Lines $250,001 - $350,000: $100,000 advance & $80,000 min. balance for 24 mos. to avoid repayment
 of closing costs. Rates without minimum draw slightly higher. Current TFCU home equity loans (other than fixed rate mini loans) not eligible. Variable rate equal to the Wall Street Journal

                                                                                                                                                                                                   10-Year Fixed Rate
 Prime Rate (5.00% as of 9/10/08) as published 30 days prior to interest rate adjustment date, plus or minus any margin applied at loan origination. A 1% maximum rate adjustment is
 allowed per quarter. Rate will not exceed 18% over the life of the loan. Rate shown is the lowest rate available. Applicants not approved at these rates or terms may be offered credit at a
 higher rate and/or different terms. **Rates and terms accurate as of 6/1/2008. Mini Home Equity Loan max. $350,000 (up to 80% of home value, rate shown for 80% max. LTV.) Rate will be
 based on credit history. Rate shown is the lowest rate available. Applicants not approved at these rates or terms may be offered credit at a higher rate and/or different terms. Minimum loan       No Closing Costs up to $100,000***
 $10,000 for a 10-year term. Pay just $11.37 for every $1,000 borrowed with a 10-year term at 6.49%. ***Loan amounts of $100,001 up to product maximum will pay mortgage tax.                                Other fixed rates/terms available

Protect Your Identity and Go Green
with Free E-Statements
You’ll enjoy the safety, timeliness and convenience E-Statements can bring. Plus, you’ll reduce your
chances of becoming a victim of mail fraud. Receive your statement electronically and you may even
help to save a tree in the process!
To enroll, sign on to Online Banking and select the E-Statement Sign-up button. Follow the prompts
you’ll be given and next month you’ll receive an e-mail letting you know your statement is available for
you to view online.

                                                                                                                                                                                                                               October 2008 • Page 2
It’s Never Too Soon to Start Planning for
the Holidays
  Get extra funds for shopping, traveling, home improvements, or
  anything else you need to make the holiday season a merry one.
     • Rates start as low as 8.50% APR*
     • Borrow up to $12,500**
     • Take up to 48 months to repay
     • Make no payment until February 2009***
  Approximate Monthly Payment

    Sample Loan                      12 Months                          24 Months                36 Months           48 Months
      Amount                           8.50%                              8.99%                    9.40%               9.90%
         $5,000                        $436.21                            $228.47                 $159.98             $126.62

This offer expires on December 31, 2008.
*APR = Annual Percentage Rate. Applicants not approved at these rates and terms may be offered credit at a higher rate and/or different terms. Loans without automatic payments will be 0.50% higher
than those displayed. Rates shown assume maximum discount for Educated Choice. Add .50% without maximum Educated Choice Discount. Discount cannot be applied to existing holiday loans.
**New and existing loan balances cannot exceed an aggregate total of $12,500. This offer expires December 31, 2008. ***Monthly payments deferred until February 2009 will have interest accruing
from the day the loan is disbursed. This deferment will affect monthly payments and finance charges.

Direct Deposit: One Less Thing to Worry About
Direct deposit is the safest, easiest payment option for our members, particularly senior citizens,
people with disabilities and others who receive federal benefits. TFCU is a proud partner of Go
Direct, a direct deposit campaign to help people switch from paper checks to direct deposit for Social
Security and Supplemental Security Income (SSI) benefits.

For details or to enroll in Direct Deposit, stop by, call us at (631) 698-7000, extension 3778, or visit

                                                                                                             Help is Available
                                                                                                             for Your Home
                                                                                                             Heating Bills
                                                                                                             The high cost of home heating energy has many people
                                                                                                             concerned, so TFCU is offering Energy Loans to see you
                                                                                                             through the home heating season.

                                                                                                                •   Annual Percentage Rate starts as low as 7.40%*
                                                                                                                •   Minimum Loan $250
                                                                                                                •   Maximum Loan $1,500
                                                                                                                •   Repayment term – up to 12 months
                                                                                                                •   Purpose – Oil, electric or natural gas bills

                                                                                                             For more information, call (631) 698-7000,
                                                                                                             extension 3340.
                                                                                             .               *Applicants not approved at this rate may be offered credit at a higher rate. Loans
                                                                                                             without automatic repayment will be 0.50% higher than the rate displayed. Rate
                                   WIN $1,000 CASH!                                                          shown assumes maximum discount for Educated Choice. Add 0.50% without
                                                                                                             maximum Educated Choice discount.

                       Contest is offered through ORCC, TFCU’s online bill paying partner.
                            Officials and employees of TFCU are not eligible to win.

                                                                                                                                                                        October 2008 • Page 3
10 Ways to Save More for Retirement
A Message from the TFCU Trust & Financial Services Program
 Feel you need to do a little extra to make sure your retirement savings plans are on track? Here are some simple, straight-
 forward tips to help you save more for your retirement years.

1. Put more dollars into your company’s 401(k) or other savings plan. Remember, you can elect to save up to $15,500 in 2008
   (or $20,500 if age 50 or over). Even if you can’t contribute the maximum, at the very least contribute up to your company
   match. Don’t give away free money.
2. Contribute to an IRA. If you qualify, the maximum you can contribute is $4,000 per year ($5,000 if age 50 or over). In many cases,
   a Roth IRA may be preferable over a traditional IRA, so look into both options.
3. Pay yourself first. Each month, automatically deduct a set amount from your checking/share draft account and invest it for
   your retirement (possibly to fund an IRA). After a while, you won’t even miss it. Do this in addition to your company-sponsored
   retirement plan.
                                                                                                                                                                  Chris Hibbard, ChFC, CFS
4. Avoid dipping into your retirement savings—even if it’s for a good purpose like a                                                                              Senior Financial Advisor
   home purchase or education. Remember…it’s for your RETIREMENT. That’s why it’s                                                                                 Trust Liaison Officer
   called retirement savings.                                                                                                                                     5439 Sunrise Hwy.
                                                                                                                                                                  Holbrook, NY 11741
5. Spend less now. If you’re not putting enough away for your retirement and don’t                                                                                (631) 698-7000 ext. 6020
   know where to find the extra cash flow, you may have to reset your priorities. For
   example, say you’ve got a $450 payment on your car or truck. You may want to                                                                                   Gilda Gilbert
   consider a less expensive vehicle to allow for $200 more each month into your                                                                                  Registered Representative
                                                                                                                                                                  3rd Ave & Sunrise Hwy.
   retirement savings.
                                                                                                                                                                  Bay Shore, NY 11706
6. See a financial advisor and develop a retirement savings plan. According to the 2006                                                                           (631) 666-1307
   Retirement Confidence Survey from the Employee Benefit Research Institute (EBRI),
   only 42% of workers have calculated their retirement savings needs. This study also                                                                             Terry D’Amico, CRPC
                                                                                                                                                                   Financial Advisor
   shows that those who have done this calculation have more realistic goals and are                                                                               2410 North Ocean Ave.
   saving more.                                                                                                                                                    Farmingville, NY 11738
7. Invest your savings appropriately. A big mistake is taking on too much risk or not                                                                              (631) 698-7000, ext. 3692
   taking enough. For example, a 35-year-old probably shouldn’t be investing all their
   retirement savings in fixed rate, guaranteed investments. Make sure your retirement
   portfolio is diversified to get the best balance of risk and return for your situation.
8. Commit to saving more. Try to calculate the most you think you can put away for
   retirement… then add 10% to this amount. Now you’re getting committed. And
   you’ll never regret saving this much.
                                                                                                                                           Financial Services Representatives
9. Avoid “cashing in” your retirement dollars when you switch jobs. Instead, look at
   “rolling” your savings to another plan or IRA to avoid unnecessary taxes and penalties.                                                 at other branches:
                                                                                             Amityville – John Moret & Katherine Piccinnini
10. Start today. The earlier you start, the better the results. Even if you’re 22 years old and
                                                                                             Commack – Linda Davis
    in your first job, you won’t regret any of these moves. Ready, set….GO!                  Farmingville – Diane Jensen
                                                                                             North Babylon – Micki Cahill
For help with your retirement dollars, contact Chris Hibbard at 631-698-7000 ext. 6021,
                                                                                             Port Jefferson Station – Ron Rebaldo
Gilda Gilbert at 631-666-1307, or Terry D’Amico at 631-698-7035 serving the members of       Rocky Point – Catherine Garnier
Teachers Federal Credit Union for a no-cost, no-obligation Retirement Planning Consultation. South Setauket – Donato Surace
Today is the best time to get started!
 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 (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 financial institution. CBSI is under contract with Teachers Federal Credit Union, through the TFCU Trust & Financial Services Program, to make
 securities available to members. B2MM-0706-9704

Break the Debt Cycle
The average household debt in America is a staggering $9,000. You may be in consumer debt trouble if you:
   • Avoid creditors and bills
   • Charge or use payroll advances for essential expenses
   • Regularly bounce checks
   • Have accounts closed by creditors
   • Skip certain bills every month
   • Make only minimum payments while continuing to incur charges
To break the cycle of debt, review your budget to identify expenses that can be reduced or eliminated, and explore ways to increase income.
Accelerate debt payoff by immediately suspending charging, paying more than the minimum, and requesting interest rate reductions.

Your credit union wants to help you master your money. We’ve partnered with BALANCE, a financial education and counseling service that can
help you get your finances in order, pay down your debt, and reach your goals – all at no charge to you. Call 888-456-2227 or log on to
our website at www.teachersfcu.org for more information.

                                                                                                                                                                         October 2008 • Page 4
Report of the Nominating Committee
 In compliance with TFCU Bylaws, the Nominating Committee submitted its report to the Secretary of the Board of Directors on September 25, 2008.
                                 Those nominated for the three available seats on the Board were:
                                               Robert J. Ney
                                               Mr. Ney currently serves on the Board of Directors. He served on TFCU’s Supervisory Committee from 1999 until
                                               2002. Before that, he served as the Treasurer for the Connetquot Teachers Association for four years, was a N.Y. State
                                               Teachers Retirement System delegate for four years, a building representative at the Ronkonkoma Junior High School
                                               for ten years and a Notary Public for 30 years. Mr. Ney retired from Connetquot in the year 2000 after twenty-seven
                                               years of teaching finance, marketing and general business. He has also served on the Dinner/Dance Committee for
                                               Maryhaven Center of Hope for six years. Prior to teaching, he held a real estate license and was employed by Travelers
                                               Insurance Company as an Account Analyst. Mr. Ney graduated from Oklahoma University in 1968 with a BBA in
                                               Finance and Marketing and received his Masters in Education from Hofstra University.
                                               Juan C. Nuñez
                                               Juan C. Nuñez is the Chief Operating Officer at Synco Chemical Corporation, a manufacturer of synthetic lubricants,
                                               selling products to industries worldwide. In this capacity, he is responsible for the strategic, operational and financial
                                               leadership of the company. Since joining the company in 1997, Mr. Nuñez has served as General Manager, CFO and
                                               Corporate Controller. Mr. Nuñez holds a Bachelors of Science degree in Economics and Finance and a Masters degree
                                               in Business Administration from NYIT. He is a member of the AICPA and the National Society of Accountants. During
                                               his professional career, he held management positions at several Fortune 500 companies and he is experienced in audit-
                                               ing, investments, taxation, human resources, information technology, manufacturing and not-for-profit organizations. He
                                               is fluent in Spanish, German, Portuguese and Italian. He is also President of Nuñez & Associates, Inc., a network tech-
                                               nology consulting business serving small-to-medium sized businesses. He has been associated with TFCU since 2003
                                               as a member of the Supervisory Committee and most recently, as a member of the Board of Directors.
                                               Frank Spencer
                                               Appointed to the Board of Directors in 1993, Mr. Spencer presently serves as Chairman of the Marketing Committee and
                                               on the Personnel Committee. He was Vice Chairman of the Credit Union Service Organization (CUSO). He retired as
                                               Senior Master Sergeant from the Air National Guard, after 39 years. Mr. Spencer is a retired Biology/Attendance Teacher
                                               from the Brentwood School District. Other affiliations include: Long Island Attendance Teachers Association, Brentwood
                                               Youth Development Cooperation, Central LI and Islip Town Branches of the NAACP, NYSUT’s Civil and Human Rights
                                               Committee and Suffolk Housing Services. Mr. Spencer has a BS in Biology from North Carolina A&T and an MA in
                                               Education from Hofstra University. He served as a Long Island State Parkway Policeman. Mr. Spencer also served
                                               on Southside Hospital’s Community Outreach Committee and was the Chairperson of Retirees of Brentwood Schools
                                               (ROBS) Community Outreach Program. He and his wife, Vernell, reside in Wheatley Heights. Mr. Spencer enjoys serving
                                               and looks forward to the opportunity to continue to serve the members of TFCU.
 The Credit Union’s bylaws also provide for nominations to be made by petition, signed by at least 500 members. Petition forms are available in TFCU’s Main Office on the 5th floor, and must be
 picked up in person, during normal business hours (Monday through Friday, 9:00 a.m. to 4:30 p.m.) Nominations by petition must be filed with the Credit Union’s Secretary no later than 4:30 p.m. on
 November 14, 2008.
 The term of a director is three years. This volunteer position is an unpaid office with significant responsibilities. The full slate of all candidates running for a seat on the Board of Directors will be
 posted in all Credit Union offices by March 20, 2009. Elections will not be conducted by ballot and there will be no nominations from the floor when there is only one nominee for each position. The
  results of the election will be announced during TFCU’s Annual Meeting, which will be held on April 28, 2009, at 6:00 p.m. at the Credit Union’s Main Office. This meeting is open to all TFCU
 members and all are welcome.

Business Accounts &
Loans to Suit Your Needs
As a value-added service for our members, TFCU offers business accounts
and loans.

• Business checking account
• Savings account
• Certificate account
• Money market account
• Visa® business credit card
• Line of credit
• Commercial vehicle loan
• Commercial mortgage                                                                                                                   Help Us Celebrate
• Small Business Administration loan
• Merchant Services
                                                                                                                                  International Credit Union Day
    - Credit and debit card processing                                                                                           Credit unions have been celebrating International
    - Risk management and fraud control features                                                                                 Credit Union Day for 60 years. It’s a special day
    - Equipment for lease or purchase                                                                                            set aside to give us the opportunity to remember
                                                                                                                                  our proud history and promote understanding
Please contact Thomas Perri, at 631-698-7000, ext. 6029.                                                                            and support for the credit union difference.

                                                                                                                                                                             October 2008 • Page 5
                                                                                               Educated Choice Discounts: Sign up for the
                                                                                          Educated Choice Package and as long as you main-
                                                                                          tain a combined minimum deposit balance of $5,000 or
                                                      Since 1952
                                                                                          more, your consumer loan discount is 0.50%; $2,500
                     The Educated Choice                                                  to $4,999, your discount is 0.25%. Call us or go online
         2410 N. Ocean Avenue, P.O. Box 9029                                              today for an Educated Choice request form.
              Farmingville, NY 11738-9029
    631-698-7000 • 1-800-341-4333*                                                         Consumer Loan                           APR Range                 Maximum Term

  *Outside the Long Island, Westchester and New York Metro areas.                          Products                                   As Low As*
                 Convenient Branch                    Locations                                                                  4.99% to 5.99% Fixed
                                                                                              New Auto                                                                        96
Amityville                                            North Babylon                                                              2.75% Variable                               96
355 Broadway (Rte. 110)                               1134 Deer Park Ave.
Bay Shore                                             Port Jefferson Station                                                     5.99% to 6.49% Fixed                         84
3rd Ave. and Sunrise Hwy.                                                                     Used Auto
                                                      450 Jefferson Plaza (Rte. 112)                                             2.75% Variable                               84
Brookhaven National Lab†                              Riverhead
                                                                                                                                 4.99% to 6.99% Fixed                        240
400 Brookhaven Avenue                                 176 Old Country Rd.(Rte. 58)            Boats
Central Islip                                                                                                                    2.75% Variable                              240
                                                      Rocky Point
118 Wheeler Road                                      561 Route 25A                           New & Used Motorcycle              5.99% Fixed                                  60
Commack                                               Selden
10 Vanderbilt Pkwy.                                   301 Independence Plaza, (Rte. 25)       Recreational Vehicles             4.99% to 6.49% Fixed                         180
Entenmann’s†                                          Smithtown                                                                  2.75% Variable                              180
1724 5th Ave., Bay Shore                              1 West Main Street
Farmingville/Main Office                              South Setauket                          Homeowner Loans                    6.75% to 8.25% Fixed                        180
2410 N. Ocean Ave.                                    260-A Pond Path                                                            4.75% Variable                              180
Holbrook                                              SUNY Stony Brook
5439 Sunrise Hwy.                                     Student Activities Center/              Unsecured Personal Loans 10.65% to 12.15% Fixed                                 60
Nesconset (Coming Soon!)                              Health Sciences Center
127 Smithtown Blvd.       † Facility employees only                                           Teachers Advantage                 8.75% Variable                     Open-end
                                                                                              Line of Credit
Holiday Closing                                                                                                        8.50% Fixed                                           180
All TFCU branches will be closed on Monday, October 13th, in                                  Alternative Student Loans                                                      180
                                                                                                                       7.00% Variable
observance of Columbus Day.                                                                 Also Available: • Student Loans
                                                      Supervisory                                           • New/Used Auto Leasing
 Board Of Directors
 Chairman – Fred H. Schaefer                          Committee
                                                      Chairman – Ronald A. Mincio          Home Equity Products                                                 Maximum Term
 Vice Chairman - Nicholas Maletta
                                                                                           Up to 80% financing available
                                                                                                                                           As Low As
 Treasurer – Raymond P. Grossman                      Paul E. Misut                                                                                               (Months)
 Secretary – George L. Dornhoefer                     April Neitlich
 F. Jane Harris                                       James F. Nohe                        Home Equity Line of Credit                  4.50% Variable            180 Months
 Robert J. Ney                                        Mario P. Shortino
 Juan C. Nuñez                                                                             Mini Home Equity Closed End Loan            4.50% Variable            240 Months
 Mario P. Shortino
 Frank D. Spencer
                                                   ng Island d Drive
                                                                                           Mini Home Equity Closed End Loan            5.99% to 7.24%            240 Months

                                                Lo           o

                                                October eFPoge 1
 Director Emeritus
 Lester J. Gosier
                                                                                           Visa Credit Cards - No Annual Fee!                                             APR
 Executive Management                                      a    Se
 President/CEO – Robert G. Allen
 Executive Vice President/COO –                                                               Platinum                                                                    9.48%
 Thomas A. Fallon
                                                                                              “Cash Back” Classic                                                       12.36%

                                                                                               “No Frills” Classic and NEW STUDENT CARD
    Dividend Rates                                                                                                                                                        9.36%
    For quarter ending 9/30/08                        APY                 Rate
                                                                                              Share Secured Classic
    Share Savings ($1 min. to open,
    $50 min. to earn dividends), IRA,                                                         Business Credit Card – Variable Rate                                 Prime + 6%
    YES Club, Vacation & Holiday Clubs                1.01%               1.00%
    Share Draft Checking
    No minimum deposit;                                                                   *APR = Annual Percentage Rate. Above rates effective 10/1/08. All rates and terms are sub-
    dividend paid on $2,500+                          .30%                .30%            ject to change without notice.
                                                                                          Rates shown are the lowest rates available. Applicants who are not approved at these rates
                                                                                          or terms may be offered credit at a higher rate and/or different terms.
                                    Account Balance                               APY     Rates are available for loans with Preauthorized Debit from TFCU savings or checking
                                                                                          account excluding Home Equity & Credit Cards. Loan Rates without automatic payments will
                                                                                          be .50% higher than those displayed.
    Money Market                    $2,500 - $24,999                             2.30%
    As of September, 2008                                                                      Rates shown assume maximum discount for Educated Choice. Add .50% without
                                    $25,000 - $49,999                            2.55%         maximum Educated Choice discount. For Visa credit cards, add .48% without
                                                                                               maximum Educated Choice discount. Discount can be applied to existing credit
                                    $50,000 - $99,999                            3.07%         cards, discount cannot be applied to existing consumer loans.

                                    $100,000 - $249,999                          3.32%
                                                                                                 Convenient Loan Call Center Hours
                                    $250,000 - $499,999                          3.58%          24/7 Loan Information & Applications
                                    $500,000+                                    3.84%                631-698-7000, Ext. 3340.
   Share and IRA Certificates - Terms from 3 to 60 months.                                      TFCU’s Routing Number: 221475786
   Minimum $1,000. See your statement for current rates.
                                                                                                                                                  October 2008 • Page 6

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