APRIL 2009
Fifty Years Worth
Celebrating! 50
Fifty Years...Together!
W
hen our Credit Union was chartered
on December 18, 1959, our goal was to
establish a safe and sound financial
ny 50th Anniversary celebration honors
home that would benefit our members. In 50
years we have acheived that goal many times over...
and that’s a record worth celebrating!
A those who made the journey... that’s
YOU, NBCUEFCU members! Here’s
what we’re planning:
1959... Was a Very Good Year! ■ Year-Long Celebration– we’re
The Credit Union was chartered during a year planning some exciting events for all to
of exciting changes. Not only did employees of NBC gain access to share. Watch for announcements about
the friendly, members-first Credit Union we still enjoy today... we also
upcoming anniversary events and rewards.
welcomed two new states, Alaska and Hawaii.
■ And a Party, Too– We’ll host an
Alaska, Hawaii, and... TANG! Anniversary party on Friday, December 18th,
TANG was invented, but not for the space program. That’s an exactly 50 years from our charter date. The
urban legend which evolved when the General Foods details will be announced later, but we promise
Corporation advertised NASA’s use of the beverage on it will be a party to remember.
Gemini flights. But it was fun to drink an out-of-this-world
beverage... and back on earth, it was great to finance a ‘59 A Benefit for the ‘09 Economy
Ford with a brand-new, Credit Union auto loan! NBCUEFCU members know that the Credit
Union doesn’t offer sub-prime or other risky
NBC Airs First Episode of Bonanza loans. That’s especially important in 2009, when
The first episode of NBC’s Bonanza was aired on we can proudly say that the Credit Union didn’t
September 12, 1959... and America fell in love with take bailout money... and doesn’t NEED bailout
the program! While the Cartwrights protected the money! You can’t put a price on our safe and
Ponderosa from ruthless mineowners who wanted sound operations... but you can SHARE this
the ranch for its resources, the Credit Union benefit by referring your eligible family
protected member assets with prudent operations
members to join! That’s why we’ll launch an
that stand to this day. It is still “Safety First” at NBCUEFCU.
Anniversary Membership Drive packed with
rewards this year. Watch for details!
A Gargoyle on the Airplane Wing...
... and other fantastic concepts were showcased on WHAT Credit Freeze?
“The Twilight Zone,” which premiered in 1959. Lauded
OK, maybe there’s a credit freeze at outside
as “the first adult science fiction program,” we also
banks, but not at NBCUEFCU! We’re offering all
loved it for the moral twist that ended each episode.
the credit services our members need. See our
Meanwhile, at the Credit Union there were plenty of
UFOs... or “Unlimited Financial Opportunities.” current affordable loan
values on the back page,
and watch for more loan
From 1959 to 2009... Members Rule! values in 2009. Loans
NBCUEFCU has undergone many changes since we were chartered in 1959, have ALWAYS been a
but one thing remains the same: service. We operate to benefit our great member benefit!
members, NOT to make a profit! That’s the advantage you love! All loans are subject to credit approval.
YOUR
We Have Money to Lend!
FINANCIAL Your Car
FUTURE
By IRA CANDIB, CFP® Visa Card
Is it possible to accidentally
disinherit my heirs?
Personal Needs
Yes. One of the most tragic estate planning mistakes is
Loans to help you make property
unintentionally disinheriting an heir. Here are some of the
most common ways this unfortunate situation can occur. or income tax payments,
One of the biggest causes of accidental disinheritance is refinance higher-cost debt, and
the simplest: failure to make a will. In this case, property for many other consumer needs
passes according to the intestacy laws of the state in
BCUEFCU has money to lend NOW for the new or used car, truck, SUV or
which you're "domiciled."
Making an ineffective or faulty will can also result in
misdirected allocations. For example, you may fail to
N f van of your choice. We also support our members with affordable Visa
Cards, Personal Loans and Credit Lines! There is no credit freeze at NBCUEFCU...
provide for children born after you make your will (this is so, upon credit approval, we’ll loan the money you need to make the most of
what happened to Anna Nicole Smith and Heath Ledger). today’s auto bargains and other financial opportunities.
The lesson here is to forgo the do-it-yourself kit and hire
an experienced estate planning attorney to draft and ■ Auto Loans with FIXED rates as low as 4.75% APR.* Qualified members can
execute your will, and review it every year or two. take advantage of terms from 36– 84 months for new vehicles, 36– 72 months
Failing to update your will can result in allocations that for used vehicles. Or, refinance higher-rate loans from other lenders.
are made according to an old will. This can lead to
■ Personal Loans as low as 10.90% APR.* Terms up to 48 months, or choose
unwanted allocations (for example, the disinheritance of
a revolving credit line. Use funds for any consumer or personal need.
children when Mom or Dad remarries and everything
passes to the new spouse). Make it a rule to review and ■ Visa Credit Card as low as 9.90% APR.* No annual fee, & balance transfers
update your will periodically, especially after major life of higher-rate cards are available.
events such as marriage, a birth or adoption, divorce, or
death. Also, update beneficiary designations (for life
Apply online, or stop by or call our office for loan assistance.
insurance policies, retirement accounts, payable on death (800) 487-7283, Ext. 3640 or 4931 www.nbcuefcu.org
accounts, etc.) annually. And, remember that beneficiary
*APR = Annual Percentage Rate. All loans are subject to credit approval. Interest rate is based on credit risk
designations trump provisions made in your will. as reported through Experian, 1nc. Other rates and terms are available.
A fourth cause of accidental disinheritance is what's
known as ademption. This is the failure of a specific
bequest made in a will because the property no longer
Important Dates:
exists in the decedent's estate for some reason. For Wednesday, April 15, 2009, last day to open or contribute to a 2008 IRA
example, you might leave your car to your son in your will,
Monday, May 25 , Closed Memorial Day
and then sell or gift it to someone else before you die. A
similar situation can occur when a life insurance policy is Friday, July 3, Closed, Independence Day
allowed to lapse (so check that your elderly parents don't
forget to make their premium payments).from dictating
investment decisions.
–Ira Austin Candib, CFP® RATE OF INTEREST Effective March 31, 2009
Ira Candib is a registered representative of and securities offered through Annual Percentage Annual Percentage
Financial Network Investment Corporation, a registered broker/dealer, member SAVINGS Rate (APR) Yield (APY)
SIPC, 3807 Wilshire Blvd. Suite #1040 Los Angeles CA 90010. Financial Network
Investment Corporation and NBC Employees Federal Credit Union are not affiliated Regular Share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .0.50% . . . . . . . . . . . . . . . . . . . . . 0.50%
companies. Brokerage services provided by Financial Network Investment Club Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.50% . . . . . . . . . . . . . . . . . . . . . 0.50%
Corporation. Mutual funds, annuities, and other investments available through 30-60 Day Share Certificate . . . . . . . . . . . . . . . . . . . . . . . . . . 1.20% . . . . . . . . . . . . . . . . . . . . . 1.21%
Financial Network Investment Corporation are not deposits, are not insured by
NCUSIF or any other regulatory agency, nor are they obligations of or guaranteed 90-179 Day Share Certificate . . . . . . . . . . . . . . . . . . . . . . . . . 1.30% . . . . . . . . . . . . . . . . . . . . . 1.31%
by NBC Employees Federal Credit Union or and other affiliated entity. Such invest- 180-269 Day Share Certificate . . . . . . . . . . . . . . . . . . . . . . . . 1.40% . . . . . . . . . . . . . . . . . . . . . 1.41%
ments will fluctuate in value and are subject to investment risks, including loss of 270-365 Day Share Certificate . . . . . . . . . . . . . . . . . . . . . . . . 1.50% . . . . . . . . . . . . . . . . . . . . . 1.51%
some or all of the principal. 90-180 Day JUMBO Share Certificate . . . . . . . . . . . . . . . . . 1.60% . . . . . . . . . . . . . . . . . . . . . 1.61%
Articles written by Forfield Inc.and not the presenting representative or the repre- High-Yield 9-Month Share Certificate . . . . . . . . . . . . . . . . . 1.75% . . . . . . . . . . . . . . . . . . . . . 1.76%
sentatives broker dealer and should not be construed asinvestment advice. The High-Yield 6-Month JUMBO Share Certificate . . . . . . . . . 1.80% . . . . . . . . . . . . . . . . . . . . . 1.81%
articles contained is a service provided by Ira Candib. Please note that neither
Financial Network nor any of it's agents give legal or tax advice. For complete High-Yield 12-Month JUMBO Share Certificate . . . . . . . . 1.90% . . . . . . . . . . . . . . . . . . . . . 1.92%
details consult, your tax advisor or attorney. 12-Month IRA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.90% . . . . . . . . . . . . . . . . . . . . . 1.92%
36-Month IRA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.00% . . . . . . . . . . . . . . . . . . . . . 2.02%
LOANS Rate Maximum Term
100% Share-Secured . . . . . . . . . . . . . . . . . . . . . . Share Rate + 1% . . . . . . . . . . . . . . 144 Months
Certificate-Secured . . . . . . . . . . . . . . . . . . . . . . . . Cert. Rate + 2% . . . . . . . . . . . . . . 144 Months
First Trust Deed Referrals
Fixed & Variable . . . . . . . . . . . . . . . . . . . . . . . . Current Market . . . . . . . . . . . . . . 360 Months
Home Equity/Adjustable . . . . . . . . . . . . . . . . . . . . . Current Market . . . . . . . . . . . . . . 240 Months
The Peacock Press is published periodically for members of Second Trust Deed, Fixed Rate . . . . . . . . . . . . . . . . . . . . . . . 6.50% . . . . . . . . . . . . . . 120 Months
NBC Universal Employees Federal Credit Union Second Trust Deed, Fixed Rate . . . . . . . . . . . . . . . . . . . . . . . 7.00% . . . . . . . . . . . . . . 240 Months
3000 West Alameda Avenue, Burbank, CA 91523 Rate as low as*
Bungalow 1550 New Vehicle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.75% . . . . . . . . . . . . . . . 36 Months
Studio Office, Admin 131 New Vehicle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.99% . . . . . . . . . . . . . . . 60 Months
(818) 840-4007 • Toll-Free (800) 487-7283 Used Vehicle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.75% . . . . . . . . . . . . . . . 36 Months
Used Vehicle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.99% . . . . . . . . . . . . . . . 60 Months
Telephone Teller: (818) 848-7991 Computer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.90% . . . . . . . . . . . . . . . 36 Months
www.nbcuefcu.org CompuCredit/Line-of-Credit . . . . . . . . . . . . . . . . . . . . . . . . . . 9.90% . . . . . . . . . . . . . . . 48 Months
Board of Directors: Signature . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.90% . . . . . . . . . . . . . . . 48 Months
Visa Card . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.90% . . . . . . . . . . . . . . Revolving
Ted O'Karma, Chairman; Rick Lacher, Treasurer; Share-Secured Visa Card . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.90% . . . . . . . . . . . . . . Revolving
Tom Posivak, Secretary; Fred Kigerl; Joe Rohr; Rob Versluis;
* Loan rates as shown represent the lowest rates offered. Other rates available. Your rate may vary based on credit factors.
Sheryl Lashauer; Laura Tankenson; Mike Zakibe
NOTE: The above information is valid as of the date of printing. Dividends on Share Accounts are declared at the end of each
quarter based on available earnings as required by the Federal Credit Union Act. The NBC Universal Employees Federal Credit
Kirk Bowren, Chief Executive Officer Union reserves the right to make changes at any time without notice as a result of change in policy, law or regulation.
Ira Austin Candib, Chief Operating Officer