Published for the Members of Butler Armco Employees Credit Union Spring 2011
The Right Mortgage For You! Also in this issue...
Important
Whether you’re in the
market for a new home, or
simply want to refinance
Fraud Update
your current one, the
Credit Union is here to
help.
Our great rates, low Page 2
closing costs, and friendly
service have helped make Your Retirement
us one of Butler County’s
busiest Mortgage lenders.
Questions
We Make It Simple:
• Offering you our Page 2
lowest rate up front
• No hidden fees
Welcome to the
• No surprises
Credit Union
• Apply online or over
the phone
Page 3
Our Mortgage staff continues
EE
to grow to meet the needs of
Student Loans
FR
our members. Call us today at
724-284-2020, extension 1110, to
discuss if the time is right for you S!
to purchase or refinance. You’ll be PPROVAL
happy you did. PRE-A
Page 4
Fraud and Its Affect On You
We all fear becoming a victim of identity theft or fraud. Checking your credit report, using our free eAlerts
service, and being vigilant about your account all help you protect yourself from falling victim. Here are some
other instances you may not have thought of…
TravelIng PaSSWord SeCurITy
Some of the highest instances Recent research has found
of fraud in this country happen that many people re-use online
in travel destinations such as passwords. With so many sites
Florida, Texas, and California. asking you to log in and create
Fraudsters in these areas often a password, people often find
target debit cards. Because of it easiest to re-use passwords.
that, we ask that you notify us Even with outstanding virus
if you’re traveling out of state protection and anti-spyware, you
and intend to use your debit could still be at risk. How you ask?
card. This will help us monitor possible fraudulent The websites you visit keep login
transactions. We also recommend you have more information in a database. If cyber thieves target that
than one form of payment available to you when site and steal your login info, they could then target
traveling (credit cards, cash, traveler’s cheques). your financial accounts using the stolen password.
The browser security service, Trusteer, recommends you have at least three sets of passwords: one for
financial web sites only, another for nonfinancial sites that house sensitive info about you, and a third for web
sites that don’t contain any confidential information at all.
What Are Your Retirement Questions?
A Message from the MEMBERS Financial Services Program
401(k) rollovers, lump sum distributions, and Work With Someone
individual retirement planning are complicated You Trust
issues that result in a variety of questions, such as:
• Should I do rollover?
• How do I supplement my income?
• What will I do with my savings plan proceeds?
• How will taxes affect me?
• Should I elect the survivor benefit option?
• Can I afford to take early retirement?
Chuck Headley
VP, Wealth Management
■ 401(k) Pension Rollovers
Why go someplace else for help? Contact your local MEMBERS Financial
Services representative, Chuck Headley, at the Credit Union. Chuck will ■ Retirement Planning
examine your particular situation and help you prepare for a secure retirement. ■ Education Funding
Contact Chuck today at (724) 284-2020, x1030. ■ Mutual Funds
Representatives are registered through, and securities are sold through, CUNA Brokerage Services, Inc. (CBSI), member ■ Life Insurance
FINRA/SIPC, 2000 Heritage Way, Waverly, Iowa 50677, toll-free (866) 512-6109. Nondeposit investment products are not
federally insured, involve investment risk, may lose value and are not obligations of or guaranteed by the credit ■ Long-Term Care Insurance
union. FR08981458RET (0302)
■ Wealth Management
Welcome to the Credit Union LOAN RATES
Term (months) APR*
Auto
2009-2011 0 – 60 2.90%
61 – 72 3.50
2008 0 – 60 3.40
61 – 72 4.00
2007 0 – 60 3.50
2006 0 – 54 3.80
2005 0 – 48 4.25
We’ve recently added two new Sponsor Organizations to our field of 2004 0 – 48 4.90
2003 & older 0 – 36 5.25
membership. We would like to take this opportunity to welcome them to
the BAECU family. Home Equity Loan
1st Lien 0 – 60 4.00%
Butler County Family yMCa (Butler and Cranberry Twp.) (0-85% LTV) 61
85
–
–
84
120
4.10
4.20
Butler County Ford (Butler) 121 – 180 4.70
2nd Lien 0 – 60 4.75
Tell your co-workers and family members about the great benefits of (0-85% LTV) 61 – 84 5.00
85 – 120 5.25
Credit Union membership and invite them to join BAECU. 121 – 180 5.50
2nd Lien 0 – 60 6.75
If you know of an organization that would like to offer Credit Union membership (85%-100% LTV) 61 – 84 7.00
85 – 120 7.25
to its employees or members, please contact us. We’re always looking for 121 – 180 7.50
new groups! Line-Of-Credit 3.25
Mortgage Call or view website for rates
Personal
HOLIDAY CLOSINGS Savings Secured
Signature
0 – 60
0 – 42
3.40
11.00
The Credit Union will be closed on the following Line-Of-Credit 10.50
days to observe holidays. The ATMs, PCTeller VISA 11.75
and Tele-R-Phone are always available for Recreational Vehicle
members’ use. New 0 – 60 6.50
61 – 84 6.75
85 – 120 7.00
Memorial day Independence day Used 0 – 48 7.00
Monday, May 30, 2011 Monday, July 4, 2011 49 – 84 7.50
Student (CU Student Choice) As low as 6.00%
FAQs
investments. You can feel
confident knowing the Credit DIVIDEND RATES
Union remains financially strong Avg. Daily Balance Rate APY**
and your deposits are insured by
Savings & IRA Savings1
Frequently Asked Questions the National Credit Union Share
0.01 - 10,000 0.40% 0.40%
Insurance Fund up to $250,000. 10,000.01 - 25,000 0.50 0.50
Where does the Credit union 25,000.01 - 50,000 0.65 0.65
do any bookkeeping software 50,000.01 - above 0.75 0.75
invest money?
The Board of Directors has packages work with the Credit Checking
always taken the conservative union’s online banking? 0.01 – 500 0.10 0.10
500.01 – 7,500 0.20 0.20
approach to investing. Our first While we can’t test every program 7,500.01 – above 0.40 0.40
choice is investing in YOU – out there, we do know that the Christmas Club1
THE MEMBER. We do this by newest version of Quicken Business 0.01 – above 0.40 0.40
lending at lower rates than other works very well with PCTeller. It Certificates 2
Call or view website for rates
financial institutions. Money will download your transactions
IRAs 2
Call or view website for rates
not lent to members is put into seamlessly, saving valuable time
guaranteed and very conservative while managing your money. Rates as of April 1, 2011.
All information subject to change at any time.
* Annual Percentage Rate (APR) ** Annual Percentage Yield (APY)
1
Dividend compounded monthly, credited monthly on average
Do you have a question you’d like answered? Ask us. Chances are end of day balance. No dividend paid on accounts closed during
the month, except Certificates and IRAs.
many other members are wondering the same thing as you. 2
Certificate and IRA rates are subject to change up to the time
of purchase or renewal. Normal rate changes will be made on
We look forward to hearing from you! Wednesdays. Certificates, IRAs, and Christmas Clubs subject to
penalty for early withdrawal.
Another Way to Pay for College
BAECU Now Offers a Private Student Loan Solution
with Your Best Interest in Mind!
Paying for college is a challenge many students and parents face. In recent years, the gap between available
federal aid, such as loans and grants, and the cost of education has grown larger than ever before. BAECU is
here to help with Credit Union Student Choice private student loans.
Here are just a few Student Choice benefits...
• Zero origination fees
• low interest rates
As low as
6.00%
• deferment of principal and interest
while in school
• one application for your entire R*
AP
undergraduate enrollment
• Flexible repayment terms
As you’ve come to expect from your Credit Union, our rates will be
some of the best you can find, and we’ll make the lending process
a simple one. Visit www.baecu.com for more information on this
valuable program. We look forward to helping you achieve a higher
education without the higher price tag!
*Annual Percentage Rate. The index rate is variable and will adjust quarterly, using the Prime Rate as published in the Money section of the Wall Street Journal
on the first business day of the preceding month. Rates will range from 2 – 5% above the Prime Rate, with a floor rate as low as 6.00%. Your rate will be
determined based on credit approval. Other terms and conditions may apply. Contact the Credit Union for complete details. #
Newsletter Contest
To enter, simply answer the following questions, then detach the form and return it to
the Credit Union office. Entries must be received by April 30, 2011. If your name is
drawn from among the correct ones received, you’ll win a $25 Gift Card. You must
be a member to win.
1. The Credit Union gives you our _________________ mortgage rate up front.
2. What is another form of payment you could use while traveling? ______________________
3. Credit Union Student Choice loans charge __________________ origination fees.
Name _________________________________________________________________________________________________
Address _______________________________________________________________________________________________
Phone Number_________________________ Account Number___________________________________________________
Congratulations to the winners of the Winter 2011 newsletter contest: Richard Graham, Marian Murray, and
Bob Prementine. Their names were drawn out of 701 entries and they each won a $25 Gift Card.
Butler Armco Employees Credit Union Hours
101 Hollywood Drive 724-284-2020 Monday, Tuesday, Wednesday
P.O. Box 1589 www.baecu.com 9:00AM – 4:30PM
Butler, PA 16003-1589 Thursday & Friday 9:00AM – 6:00PM