The
Connection
A newsletter for Signal Financial Federal Credit Union members
Our Rates will Knock Your Socks OFF!
It’s True! Our loan rates are so low . . . they’ll knock your socks off!
Are you over-paying on your debt? This year we’ve saved members thousands by refinancing their
high-interest loans and credit cards! To find out how you can save more of your hard-earned money,
refinance your loans with us today and save!
VISA® Equity Loans
Auto Loans Switch & Save Mortgage Special! 12-month
2.49% APR* Rates as low as 10-year Fixed 1.99% APR*
for 66 months! 3.95% APR* for Rate = 3.00% + 1 pt. Introductory Rate
(See back panel for more 36 months! (80% LTV)** (After 12 months, rate subject to
information) (See page 3 for more adjust quarterly to Prime - .25%,
(thru 11/15/11) with 80% LTV;
information)
APR = 3.125% Floor = 4.50%)
*APR= Annual Percentage Rate. All rates subject to change and subject to credit approval
**Limited Time Offer!
www.sfonline.org October 2011
7.95%
APR
*
M ake wishes come true
this holiday season...
Our Holiday Loan Join the Holiday
Club Today!
can make it happen!
T
ooking for a special gift for a loved one, but having a hard time fitting it into your
L holiday budget? We can help you wrap up those special purchases into one
manageable payment. Beginning November 1st thru January 31, 2012, apply for a
he holiday season seems to roll
around sooner every year, doesn’t
it? If you’re dreading the expense of the
low-rate holiday loan from Signal Financial! holidays, start saving early (for 2012!)
n Borrow up to $1,200 with a Holiday Club account.
n Repay over 12 months
n Interest rate of 7.95% APR* Once you open your account with just
Apply online at www.sfonline.org, call Member Loans at 301-933-9100, or in person $10! Payroll deduction makes it easy
at a branch. and automatic; a deposit as little as $5 a
week can give you more than a couple of
*Annual Percentage Rate. Restrictions may apply. hundred dollars spending money at the
end of the year. Your money is deposited
to your checking account on November
1st, just in time for the shopping season.
Falling Rates Bring Refinancing Holiday Club accounts can be opened
anytime of the year, but now is a great
Opportunities to Homeowners time to start so that you’ll have a full year
to fund the account.
If you’ve been thinking about purchasing a new home, or if you’d like to save money by
refinancing your current mortgage at a lower rate, there’s never been a better time! At
Signal Financial, mortgage rates are the lowest they’ve been in years.
BEGINNING NovEmBEr 2 Nd
Thru dECEmBEr 31 sT,
opEN your aCCouNT
Signal Financial makes it easy to save. With mortgage rates this low, you can save thou- aT aNy BraNCh aNd GET
sands. Why go anywhere else? Come to Signal Financial today and take advantage of a frEE GIfT!
these historic rates before they go up. You may even shave a few years off your loan and www.sfonline.org
move to a 20- or 15-year loan if the numbers work out.
Refinancing a home is a big decision to make, but in this economy homeowners are find-
ing themselves in financial distress. One way to lower monthly obligations is to lower the
payment on a current mortgage. We currently offer the following types and terms:
Mortgage Specials!
t10-,15-, 20-, 25- and 30-year fixed rates 10-year Fixed
tFHA Loans Available for purchase or refinance Rate = 3.00% + 1 pt.
tConforming loans up to $417,000 (80% LTV)**
tSuper-Conforming loans ($417,001 to $625,500) (thru 11/15/11)
APR = 3.125%
t3/1, 5/1 & 7/1 ARMs (Special low rates! See our website for details.)
Contact a Signal Financial Mortgage Representative today 5-year Fixed
for more information: (301) 933-9100, ext. 257. 2nd Trust
2.99% APR*
(80% LTV)
SIGNAL FINANCIAL COUPON
Save $200 towards your First Trust
mortgage closing costs! 5/1 ARM
Include this coupon with your mortgage 2.75% + 1 pt.
application to receive a $200 discount on (80% LTV)*
APR = 2.8724%
your closing costs at settlement.
Discount valid through November 15, 2011.
*APR= Annual Percentage Rate; All rates subject to
change without notice
**Limited Time Offer!
FALL InTo SAVIngS wITh
VISA® SwITCh & SAVE!
ConSoLIdATE CREdIT CARd dEbT TodAy!
Now thru October 31, 2011, choose from one
of the balance transfer rates** below:
3.95% APR* for 36 mo. BONUS POINTS!***
4.95% APR* for 48 mo. Members will
No receive 1,000
5.95% APR* for 60 mo. reward points on
Transfer
6.50% APR* for the life their cards if they
Fees! transfer $5,000 or
of the transfer more!
PLEASE NOTE: Transfer must be from outside source. *Annual Percentage Rate. **Once you have committed to a rate, you may not change it. If
a transferred balance remains at the end of the term, or if account is closed during the promotion, the remaining balance will revert back to the
regular rate of the card (Visa Classic: Wall Street Journal Prime Rate + 8.51%=11.76% APR; Visa Platinum: Wall Street Journal Prime Rate +
6.50%=9.75% APR). If you are paying more than the minimum payment and you want the excess payment to be applied to your promotional balance,
you must send this extra payment to: Signal Financial VISA Department, 3015 University Blvd., West, Kensington, MD 20895. Other restrictions may
apply. Rates effective as of 9/1/11. Business cards are excluded from offer.
***Reward points subject to change without notice.
SPREAD THE WORD! CeLeBRATe
Put Signal Financial in yOUR InTeRnATIOnAL
Company’s Benefits Package CRedIT UnIOn dAy
OCTOBeR 20TH!
N ow through the end of the year, most companies roll out and open up new and
continuing benefits for their employees. Why not help out your fellow employees,
especially in the financial climate we now find ourselves in?
Stop by any branch for a
refreshment and tell us what
Be a hero by sharing the benefit of credit union membership with your co-workers. If you you love about the credit union!
do so successfully, or if we can get an appointment with your HR Director, we’ll give you
a gift card for $25! If you work more than one job, refer both and get $50! You can be a
Then, we’ll enter you in a
good neighbor referring us to your Homeowners Association to help your neighbors gain drawing for a $50 Gift Card!*
access to credit union benefits.
For more information on helping your company or HOA offer Signal Financial services,
contact our Business Development Coordinator at (301) 933-9100, ext. 327.
Signal Financial FCU Statistics
August 2010 & August 2011
August 2010 August 2011
Assets $282,191,165 $293,220,614
Savings $158,953,742 $169,246,953
Loans $194,068,594 $197,758,260
*Drawing: November 4, 2011. Employees, officials and their immedi-
ate family members not eligible. Winner will be notified via mail. Mem-
ber must be at least 18 years old. The $50 gift card incentive is consid-
Members 32,260 28,531 ered a “bonus,” as defined by the National Credit Union Administration
Rules and Regulations, Truth-in-Savings, Section 707.2(f), and must
be reported on IRS Form 1099 as dividend income. Other restrictions
may apply.
Fill Tuition gaps with a Student Choice Loan NOTifiCaTiON
AnnUAL MeeTIng
I
f you’ve already paid your
Fall tuition, but are com-
ing up short for the Spring
& BOARd OF dIReCTORS
ELECTiON
semester bill, we can help
fill any gaps in funding with In compliance with National Credit Union
the Credit Union Student Administration (NCUA) election provisions,
Choice loan program! Unlike the Signal Financial Nominating Committee is
some other lenders, our initiating this formal communication to all Signal
goal is to save you money Financial members as the first step in the annual
by charging zero election process.
origination fees and lower
interest rates. Plus, with The Signal Financial Nominating Committee will
these loans, you can finance accept applications from candidates for Signal
tuition and other costs Financial’s Board of Directors. Candidates are
associated with attending required to:
college, such as books, room and board. Following are the details of this exciting
program: u borrow up to $75,000 1) Have served on the Supervisory Committee
u Low Rates; no Fees or have previous credit union experience prior
u Line-of-Credit: Apply once with multiple draws to serving on the Signal Financial Board of
u deferred payments while in school Directors.
See www.sfonline.studentchoice.org or call 1-866-614-7830
2) Ability to be bonded through the credit
All loans subject to an evaluation of each applicant’s credit. Membership eligibility required.
union’s insurance company.
If you are interested in obtaining an application,
please write a letter to the Chairman of the
Nominating Committee. All applications must be
received by November 18, 2011 for committee
review. The 2011 Annual Meeting will be held on
Thursday, April 26, 2012.
Any candidate not selected to run by the
Nominating Committee has the option of running
by petition by obtaining the authorized signatures
of one percent of Signal Financial’s membership
(285 as of August 31, 2011). For the purpose
of verification, these authorized signatures must
be accompanied by the member’s printed name
and address. Nominations by Petition must be
received by February 17, 2012.
use your debit/aTm card at any 7-11 thru 12/31/11
& be automatically entered to win! Please send your application request to:
To learn more, visit www.allpointnetwork.com/moneymadness Michael Harris, Chairman
Nominating Committee
Important IRA notice — 3015 University Blvd. West
Withholding Notice (Form 2317): Kensington, MD 20895
Payments from your IRA are subject to federal income tax withholding, unless you elect no
withholding. You may change your withholding election at any time prior to your receipt of a directors are required to have the
payment. To change your withholding election, complete the appropriate form provided by
your credit union. Withholding from IRA payments, when combined with other withholding, MAY following attributes:
relieve you from payment of estimated income taxes. However, your withholding election does
not affect the amount of income tax you pay. You may incur penalties under the estimated tax
• Ability to set direction and envision long-term
rules if your withholding and estimated tax payments are insufficient. If you receive periodic strategies that will help achieve credit union
payments from an IRA and would like to make changes to your withholding election, please call goals.
Sala’ Sample at (301) 933-9100, ext. 337.
• Awareness and understanding of members’
needs and concerns.
Consumer Alert!
Our members have reported receiving bogus text messages stating that they • Ability and desire to encourage new members to
need to contact their financial institution by calling a specific phone number. join Signal Financial.
These are fraudulent! Signal Financial does not send text messages to its
members, and you should not open such messages if you receive one. • Knowledge of local & national economy.
Bill Payment Information • Ability and willingness to volunteer time and
There are a few entities that you may not make a payment to using Bill Payer: knowledge to Signal Financial.
Government agencies (including but not limited to federal, state and local
taxing authorities, or court ordered payments) and payments to companies • Ability and willingness to serve as a cohesive
located outside the United States. member of a high-performance team.
BranCh loCaTions Hours of Operation Holiday Closings
Md BRAnCHeS Monday - Friday:
November 11, 2011 Veterans Day
Kensington Branch 9 a.m. - 4 p.m.
3015 University Blvd. W. Saturdays: November 24-25, 20101 Thanksgiving Holiday
Kensington, MD 20895 9 a.m. - 1 p.m. at December 26, 2011 Christmas Day (Observed)
301-933-9100 Kensington, Reston, January 2, 2012 New Year’s Day (Observed)
Largo, Columbia Heights,
Largo Branch
9500 Arena Dr. Cherokee & Potomac Ave.
Largo, MD 20774 branches
301-322-3600 extended Hours on saviNGs rates (Shares) divideNd rate aNNual perceNtaGe yield
Thursdays until 6 p.m. Rates for savings
dC BRAnCHeS Regular, Personal, Teen Cache,
McPherson Branch at Kensington, Reston, Kitty Club, Holiday Club & Vacation .20% .20%
1401 I Street, NW Cherokee and Largo Clubs Savings (Shares)
Washington, DC 20005 branches only.
202-789-2818 Checking (share draft) -0- -0-
VA BRAnCHeS (For $3,000 Min. Balance) .10% .10%
Columbia Heights Branch Reston Branch
1400 Irving NW., # 115 12355 Sunrise Valley Dr.
Washington, DC 20010 Reston, VA 20191
IRAs — Regular IRA
301-933-9100 ext. 269 703-620-5460 .60% .60%
(For $2,000 Min. Balance)
Potomac Avenue Branch Cherokee Branch
1391 Pennsylvania Ave. SE 5510 Cherokee Ave. Ste. 130
Washington, DC 20003 Alexandria, VA 22312 Money Market account
301-933-9100 301-933-9100 ext. 321 $002,500.00 - 19,999.99 0.35% 0.35%
Mon - Fri: 10 a.m. to 6 p.m. $020,000.00 - 49,999.99 0.40% 0.40%
Saturday: 9 a.m. to 1 p.m. $050,000.00 - 99,999,99 0.45% 0.45%
Teller Phone $100,000.00 and above 0.55% 0.55%
Calling from within DC Metro area: 301-933-5700
Calling from outside of DC Metro area: 800-447-8997 The rates disclosed above are effective as of 9/1/2011 and are subject to change without notice. Required
losT/sTolen Cards
minimum balances vary by account types. Fees and charges could reduce earnings on an account. We may
change the dividend rate on Regular, Personal, Teen Cache, Kitty Club, Holiday Club, and Vacation Club
Lost or stolen signal vIsa® credit cards savings (shares); Checking (Share Draft); and IRAs after the account is opened. There is a $15 penalty for
closing accounts within 6 months of opening. IRA accounts closed within 90 days of opening incur a $50
24-Hour Toll-Free number 800-449-7728 penalty and loss of all dividends. Your savings and IRA deposits are each federally insured to $250,000 by
Lost or stolen signal vIsa® check/aTm cards the National Credit Union Administration, a U.S. Government Agency.
Business Hours 301-933-9100, ext. 298
Non-Business Hours: 888-241-2510 (Inside US)
909-941-1398 (Outside US)
LOAn RATeS (Fixed)
Board of directors Term Annual Percentage Rate
Chairman Andrew Mekelburg New Auto Loans
Vice Chairman Mary McCormick Fully secured on 2009-2011 model years up to 48 Months as low as 2.29%***
Treasurer Carl Tebell, PMP up to 100% financing of net discount 49 to 66 Months as low as 2.49%***
Secretary Donna J. Hauprich price plus taxes and tags, excluding war- 67 to 72 Months* as low as 2.99%***
ranties. Down payment may be required. 73 to 84 months** as low as 3.74%***
Directors M. Eileen Booker
Deborah A. Cullen up to 48 Months as low as 2.64%***
Used Auto Loans
Michael Harris Financing available on 2003-2008 model 49 to 66 Months as low as 2.99%***
Dennis Fike years. Finance amount is determined 67 to 72 Months* as low as 3.49%***
Jonathan Morrison by your credit score, and current NADA
values; term dependent on model year of
supervisory committee auto. Down payment may be required.
Chairman Loretta Boyd
Mark Fieni Personal Loans up to 66 months as low as 8.95%
Collateral may be required.
William Keene
executive staff *$20,000 minimum. **$30,000 minimum. Loan rates are effective as of 9/1/2011. Rates are subject
to change without notice. All loan applications are subject to credit approval. Additional rules and
President/CEO Dan Stake restrictions may apply.
Exec. Vice President/COO Terry L. Powers ***Rates shown are for members with Checking and Direct Deposit. Rate is 1% higher for members
SVP/CFO Anil K. Sood without Checking and Direct Deposit.
SVP/Marketing The Connection, Signal Financial Federal Credit Union’s newsletter, is published quarterly. The
& Business Development Don Creel purpose of The Connection is to share information about Signal Financial FCU and its services with
SVP/Commercial Lending Guy Tegler members, staff, and friends. Please send any comments or suggestions to: The Signal Financial, 3015
University Boulevard West, Kensington, Maryland 20895-1990. If you have any comments or concerns
& Services about Signal Financial, please write to: Supervisory Committee, P.O. Box 2229, Wheaton, Maryland
20902. The articles and opinions in this publication are for general information only and are not intended
Editors: Janice Forostiak to provide specific advice or recommendations for any individual. We suggest you consult your attorney,
Adriana Vargas accountant, or financial or tax advisor with regard to your individual situation. Signal Financial may
provide references for articles published in The Connection, but does not endorse any external
companies or publications listed therein. All rates published in this newsletter are subject to change
24-hour member services hotline without notice.
301-933-9100 (toll-free 800-368-0108)
Signal Financial web site: www.sfonline.org This newsletter printed on recycled paper.
email us at: memberservice@sfonline.org
Now through 12/31/11, when you get a new or used auto loan, including
refinancing, you’ll be entered into a drawing for a $50 Gas Card! We’ll pick two winners
each month, with a total of six members walking away with cash for gas!
*APR = Annual Percentage Rate. Rates subject to change without notice. Refinanced loans must be from an outside source. Employees, officials and their
immediate family members not eligible for prize awards. Winners will be notified via mail. Member must be at least 18 years old. The $50 gift card incentive is
considered a “bonus,” as defined by the National Credit Union Administration Rules and Regulations, Truth-in-Savings, Section 707.2(f), and must be reported on
IRS Form 1099 as dividend income. Other restrictions may apply.
3015 University Blvd. West
Kensington, MD 20895
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