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									    VOLUME 12 ISSUE 3
    FALL 2006

                                                                                               S H A R I N G                  T H E   R E W A R D S             O F       M E M B E R S H I P

                   Want More For Your Money?                                                                                               FREE Interior FCU
                    Bring It All To Interior FCU!                                                                                          Membership – The Perfect
                New 14-month Share Certificate at 5.83% APY*                                                                               Holiday Gift
                                               Only $500 to open
                                                                                                                                           From now until
                                   Stop by or call 1-800-914-8619                                                                          November 30, 2006, we’re
                                                    *Annual Percentage Yield.                                                              offering FREE lifetime
                                                                                                                                           membership to any eligible
                                                                                                                                           person you refer to the
 Security Improvements Coming                                                                                                              Credit Union! When that person joins the Credit
                                                                                                                                           Union, we’ll pay a $25 deposit into their share
 To Our Online Services                                                                                                                    savings account to start their membership.*
                                                                                                                                           Refer your immediate family members,
                                                                                                                                           household members, co-workers or volunteers,
                                         To keep your financial information safe from identity                                             so that they can take advantage of everything
                                            thieves, Interior FCU is adding an extra layer of                                              we offer, including:
                                             protection to our online services such as Online                                               ■ High yields on our savings/investments
                                              Banking and Bill Pay. In the near future, we will
                                              introduce a new log-in procedure which may                                                    ■ Low-cost credit cards, auto loans and home
                                              require an additional validation of your identity                                               loans
                                             along with your Interior FCU account number and                                                ■ Free or low-cost services such as Online
                                           password. More information about the new log-in                                                    Banking, Bill Pay or Direct Deposit,
                                        procedure will appear in future issues of this newsletter.                                            available 24/7

This new log-in procedure will protect your accounts from unauthorized access by                                                            ■ Over 20,000 surcharge-free ATMs
being able to not only recognize your password, but your computer as well. If we
                                                                                                                                           For more details or to apply for membership,
do not recognize your computer – for example, if you’ve logged in from a public
                                                                                                                                           stop by, call 1-800-914-8619 or visit us
computer or a computer that you have not used before – we’ll ask you for
                                                                                                                                           online at
information that only you would know in order to protect your privacy. This way,
you’ll be protected with any computer you’re using and you can easily do your                                                              *Limited-time offer. The $25 will be deposited into the new member’s share
                                                                                                                                           savings account when we receive the completed application. If the account
banking anytime and anywhere.                                                                                                              is closed within six months of opening, the $25 deposit will be forfeited.

If you’re not using Online Banking or Bill Pay* yet, why not give them a try to see
how much time they can save you? Both are secure, easy to use and available
24/7 from a home or office computer with an Internet connection. You can
                                                                                                                                                      In This Issue ...
transfer funds from one account to another, confirm that checks have cleared and                                                      Electronic Check Conversion                                            2
pay bills!                                                                                                                            Holiday Club Account                                                   2
                                                                                                                                      Kids’ Corner                                                           2
For more details about Online Banking or Bill Pay, visit us online at                                                                                                                  Nominees For The 2007 Board Of Directors                               3
                                                                                                                                      Current Rates & Holiday Closings                                       4
*There is no charge for using Online Banking. Bill Pay requires a small monthly fee of $3.45 per month, after the first two
months of Bill Pay use.
Electronic Check Conversion                                                              Our Holiday Club Account Helps You
Shortens Check Processing Time                                                           Easily Save For Holiday Expenses
                    The use of electronic check conversion is                            We have a great way to help you put money aside for the
                        growing at many merchants. In this type of                       holidays: the Interior FCU Holiday Club Account. Set up this
                         check processing, the merchant runs your                        interest-earning account with just $10 and make regular deposits
                         personal check through a machine and                            throughout the year. By the following October, what you have
                         you get back the voided check with a                            saved will be automatically transferred into your savings account
                        receipt. Electronic check conversion is                          or another account you select. To make saving even easier, sign
                      especially popular for both merchants and                          up for Interior FCU’s convenient Direct Deposit service so that
                  utility companies, because it saves them time                          funds can be easily moved into your Holiday Club Account!
             and money and offers more security than
                                                                                         Your account renews automatically (unless you notify us
conventional check processing.
                                                                                         otherwise), so you can use it to save year after year! To start a
                                                                                         Holiday Club Account or to sign up for Direct Deposit, stop by, call
With electronic check conversion, an electronic payment is debited
                                                                                         1-800-914-8619 or visit us online at
from your account for the amount written on the check. This method
of processing a check also has several benefits for you, including
more privacy, easier recordkeeping and faster fraud detection.                                          If you already have an Interior FCU
Electronic check conversion is also faster than conventional check                            Holiday Club Account, your funds will be available after
processing, so please be sure that there are sufficient funds in your                                               October 1st.
checking account to cover any check you write.

Kids’ Corner
Money And Its Nicknames
Throughout its history, money has had a variety of nicknames.                         Looneys and twoneys – Nicknames for one-dollar and two-
Here are some examples:                                                               dollar coins used in Canada. The one-dollar Canadian coin has
                                                                                      an image of a loon (an aquatic bird) on the reverse side of the
Bit – A small coin equal to one-eighth of a dollar. The phrase
                                                                                      coin. The “twoney” comes from putting together the word
“two bits, four bits, six bits, a dollar” originated from this term.
                                                                                      “two” with the letters “ney.”
Buck – Nickname for a dollar. This word developed because
early Americans often traded buckskins for money, and the                              The looney coin has been lucky for Canadian ice hockey teams.
word is still used today.                                                               During one Winter Olympics, this coin was secretly buried by
Quid – Another name for the pound, used in areas such as                               Canadian hockey fans underneath the center ice in the arena
England, Scotland and Wales.                                                            where the hockey tournament was held to give luck to the
                                                                                        Canadian teams. Both the men’s and women’s hockey teams
                                                                                                 from Canada won gold medals that year!

What Did People Use For Money In The Past?
In many areas where money was not available or in regular use, people used other
products instead of coins and bills to get food and other items they needed:

         ➤   Animal pelts                                     ➤    Iron nails                                    ➤   Sword blades
         ➤   Cocoa beans                                      ➤    Salt                                          ➤   Tobacco
         ➤   Grain                                            ➤    Shells                                        ➤   Wampum beads
         ➤   Gunpowder                                        ➤    Sugar                                         ➤   Whales’ teeth
Sources: “A History of Money From Ancient Times T The Present Day” by Glyn Davies, and

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Nominees For The 2007 Board Of Directors
The 2007 Election for Interior FCU’s Board of Directors will be held by mail    Joy Pietschmann
ballot. The ballots will be mailed to all current members along with their      Joy Pietschmann has been with the National Park Service for over 17 years
December 2006 statements, and they will arrive in January 2007. For this        and is currently the Servicewide Volunteer Program Coordinator. She has
election cycle, there will be three vacancies for three-year terms. Vacancies   been a member of Interior Federal Credit Union since coming to the
on the Board are open to any member of Interior FCU who is in good              Washington office in April 1999. Throughout her years with the NPS, Joy has
standing with the Credit Union. Members who wish to be placed on the            worked with volunteers in various capacities at the park and national levels.
ballot must do so through a Nomination by Petition. A petition must be          Her duties managing the Volunteers-In-Parks (VIP) program include writing
signed by 1% of the Credit Union membership (at least 100 members). A           program policy, allocating funds, and advocating the program and its
brief biography and statement of qualifications, as well as a signed            137,000 volunteers. Currently, Joy serves as the Chairperson for the Federal
statement indicating the nominee’s willingness to serve if elected, must also   Interagency Team on Volunteerism (FITV), whose nine member agencies
accompany the petition. Nominations by petition must be filed by 3 pm on        represent three departments including Interior, Agriculture and Defense. In
December 8, 2006 and should be addressed to the Chairman of the                 conjunction with National Public Lands Day 2004, she assisted Interior FCU
Nominating Committee and delivered to the Credit Union in Room 4045 of          with providing feedback and gaining support in rolling out the membership
the Main Interior building.                                                     drive for volunteers of the Department of the Interior. Joy has a B.A. in
                                                                                Political Science with a concentration in international relations and a minor in
Bing Topper                                                                     French from West Chester University, West Chester, Pennsylvania.
Mr. Topper has been a member of Interior Federal Credit Union for over 21
years and has been on the Board of Directors since 1997. Mr. Topper is          Loren Thompson
currently serving as the Credit Union’s Treasurer, an office he has held        Mr. Thompson is an attorney and works in the Minerals Management
during the Credit Union’s phenomenal growth in assets from less than $40        Service as an Appeals Analyst, deciding oil and gas disputes. He has been
million in 1998 to more than $83 million today. Prior to serving on the         an Interior FCU member for 14 years and has served on the Board of
Board, he served as the chairman of the Credit Committee. Mr. Topper is         Directors since 2001. Mr. Thompson graduated from Colorado College with
currently working as a consultant for the Department of the Interior’s Office   a degree in business and an emphasis in accounting, and then moved east
of Budget. From 1981 until his retirement from federal service in January       where he received a law degree from Georgetown. After working two years
2006, Mr. Topper worked in the Office of Budget, where he served as the         for the Attorney General in Santa Fe, NM, he returned to Washington and
budget officer for the Office of the Secretary beginning in 1992. Altogether,   worked for four years in the Interior Solicitor’s Office. He currently
Mr. Topper worked in the budget field for over 31 years, including 6 years      volunteers as a mediator in a program that provides government-wide
with the Department of the Navy. Prior to government civil service, Mr.         mediation services for agencies. Mr. Thompson formerly received an
Topper managed the main office of the Annapolis Banking and Trust Co. He        appointment as a Special Assistant United States Attorney, working as a
is an Air Force veteran and graduated from Kutztown University with a           prosecutor in the District of Columbia Superior Court System. He has spent
degree in economics.                                                            time in Thailand working in a refugee camp and traveled to Nagapattinam,
                                                                                India, where he helped organize and finance the repair and outfitting of a
John W. Nyce                                                                    1,400-child school destroyed by the 2005 tsunami. He lives in Annandale,
John W. Nyce is the Assistant Director for Administrative Operations in the     VA, with his wife, four children and foster kids.
National Business Center. He has over 30 years of experience in the
Federal government, with the last 7 years at the Department of the Interior.    Peter J. Probst
His work experience includes being the NBC procurement chief responsible        Peter J. Probst has volunteered on the Credit Committee of Interior Federal
for management of an acquisition organization that awarded over a billion       Credit Union since 2004. He also currently serves on the Credit Union’s
dollars in contracts a year, and he currently is the director of the            Technology Committee. Peter has an M.B.A. in finance and a strong
Administrative Operations Directorate, with management oversight                background in technology. Peter successfully uses his knowledge of
responsibilities for an organization consisting of over 200 employees           technology to implement simple yet elegant solutions to complex problems.
nationwide, budget formulation and execution of a multimillion-dollar budget    At DOI, Peter has worked on a variety of budget and planning issues at both
across over 60 individual directorate accounts annually, and the delivery of    the department and bureau levels. Peter has also worked as a member
a large array of products and services to both DOI and over 100 outside         service representative at another large federal credit union. His priorities for
Federal agencies. John has an M.B.A. degree from George Washington              Interior Federal Credit Union include maintaining the soundness of existing
University with a major in finance and investments, and a B.S. degree from      Credit Union policies, expanding the financial services offered to Credit
Penn State University with a major in business. He is a Director on his         Union members and improving the quality of customer service. Having been
homeowner’s association and is active in the local Penn State University        a member of various credit unions for 14 years, Peter understands the value
alumni association. John is a member of Interior Federal Credit Union and       of Credit Union services and the importance that the Credit Union plays in
shares the desires of the other members of the Credit Union Board to            each member’s life.
ensure the soundness of the Credit Union while expanding the financial
services available to the employees, family members and the associates of
the Department.

                                                                                                                                                          Page 3
                                                    Current Loan Terms
                          The following rates are effective October 1, 2006 and are subject to change without notice.
                               For updated information, inquire at any branch office or contact 1-800-914-8619.                                                 Share
            Type of
                                                                                Terms (Mo.)
                                                                                                                            APR With
                                                                                                                         1/4% Discount+
                                                                                                                                                           Dividend Rates
                                                                                                         Rate                                    The following rates were paid for the period of
                                                                                                                                                  July 1, 2006 through September 30, 2006.
 5/30 First Mortgage - 80% (1)                                   $417,000         360 (2)                6.15%
                                                                                                                                              REGULAR SHARES                                           APY*
 5/30 First Mortgage - 90% (1)                                   $417,000         360 (2)                6.40%                                $25 - $1,499                                           1.01%
 Home Equity Line of Credit - 80% (1) $250,000                                       240             7.75% variable                           $1,500 and up                                          1.61%
 Home Equity Line of Credit - 90% (1) $250,000                                       240             8.00% variable                           SHARE DRAFT CHECKING
                                                                                                                                              Up to $1,499                                            .51%
 Home Equity Loan (1)                                                                                   8.25%
                                                                 $50,000             120                                                      $1,500 and up                                          1.01%
 2nd Trust                                                                                             Fixed Rate
                                                                                                                                              Vacation Club                                          1.11%
 Residence                                                                  Call PHH Credit Union Services                                    Holiday Club                                           1.11%
 1st Trust 2nd Trust                                                       877-651-4334 (toll-free) for details
                                                                                                                                              INDIVIDUAL RETIREMENT ACCOUNTS**
 New Vehicle*                                                    No Limit Up to 60                       6.00%                 5.75%          IRA Savings                                            2.27%
 (85% Financed)                                                             72                           6.25%                 6.00%
                                                                            84                           6.50%                 6.25%                         Rates Effective October 1, 2006
 New Vehicle*                                                    No Limit   60                           6.25%                 6.00%          MONEY MARKET ACCOUNTS**
 (100% Financed)                                                            72                           6.70%                 6.45%          Account Balance
                                                                            84                           7.00%                 6.75%              $1,000 - $4,999.99                                 2.02%
 Used Vehicle*                                                                                                                                    $5,000 - $9,999.99                                 2.27%
 (NADA Retail Value)                                                (3)          Up to 60                6.40%                 6.15%              $10,000 - $24,999.99                               3.03%
 (NADA Wholesale Value)                                             (3)          Up to 60                6.30%                 6.05%              $25,000 - $49,999.99                               4.06%
 Used Vehicle*                                                      (4)               48                 7.00%                 6.75%              $50,000 - $74,999.99                               4.37%
 (With Negative Equity)                                                                                                                           $75,000 - $99,999                                  4.58%
 Recreational & Boat Loan                                        No Limit            144                 8.95%                 8.70%              $100,000+                                          4.84%
                                                                                                                                              SHARE CERTIFICATES** (including IRA Certificates)
 Signature                                                       $20,000 12-24 Months                   11.55%                11.30%          6 months - $500 min.                                   5.27%
                                                                         36-60 Months                   11.75%                11.50%
                                                                                                                                              12 months - $500 min.                                  5.30%
 Debt Consolidation                                              $20,000              60                13.75%                13.50%          14 months - $500 min.                                  5.83%
                                                                                                                                              2 years - $500 min.                                    5.51%
 Line of Credit                                                  $10,000             (5)                11.50%                11.25%          3 years - $500 min.                                    5.61%
                                                                                                       Fixed Rate            Fixed Rate
                                                                                                                                              4 years - $500 min.                                    5.72%
 Visa Classic (Rewards)                                          $10,000             (5)                11.90%
 Visa Gold (No Annual Fee)                                       $15,000             (5)                 7.90%                                *Annual Percentage Yield
 Visa Platinum (Rewards)                                         $20,000             (5)                 9.90%                                **Call 1-800-914-8619 for current rates.
                                                                                                                                              Dividends on regular share, share draft checking, club accounts and
 Share Secured Rate                                              Available        Up to                       Call for rates                  money market accounts are computed on a day-in/day-out basis and
                                                                  Share            60                                                         are compounded quarterly. Early withdrawal penalties may be imposed.
                                                                 Balance         Months                                                       Individual Retirement Accounts are compounded monthly. Dividends
                                                                                                                                              are declared by the Board of Directors and are subject to change.
                                                                                                                                              Please call for current rates. Fees may reduce earnings.
 KEY:           (1) Primary residence in MD, VA, DC, WV.
                (2) 5-year balloon; 30-year payment amortization.
                (3) Lower of cost or NADA value.
                (4) 100% of auto loan up to 48 months.                                                                                                         Board of Directors
                (5) Variable based on amount.                                                                                                                      David Holland, Chairman
                                                                                                                                                                Charles Towle, Vice Chairman
 * For the above rates, the loan officer will have the authority to match the lower rate offered by a financial institution. The member may
 be required to furnish proof of such rate and that rate cannot be less than 4.90%.                                                                            Bernard (Bing) Topper, Treasurer
   Federal regulations prohibit the payment of dividends in excess of available earnings.                                                                         Tommy Tomsan, Secretary
 +Rate reflects 1/4% discount if member has an Interior FCU checking account, direct deposit and Visa Check or ATM card.                                               Glenda Owens
 Terms set by Board of Directors 8-12-06. The minimum loan payment is $30.00 per month.                                                                                Paula Johnston
                                                                                                                                                                     Jacqueline Jackson
 Money Matters is published as a service for the members of Interior Federal Credit Union. The articles and opinions in this publication                              Loren Thompson
 are for general information only and are not intended to provide specific advice or recommendations for any individual. Please consult
 your attorney, accountant, financial adviser or tax adviser with regard to your individual situation.
                                                                                                                                                                Credit Committee
                                                                                                                                                                  Gladys Battle, Chairperson
                                                                                                                                                                  Rene Amacker, Secretary
                                                                                                                                                                        Peter Probst
                                       Interior Federal Credit Union Locations                                                                                         Michael Lucero
                      DC: 1849 C Street, NW                                  VA:       12201 Sunrise Valley Dr.                                                         Robert Quint
                          Room 4045                                                                                                                                    Kenneth Dalton
                                                                                       BS208 MS700
                                                                                                                                                                      Brenda Rodriguez
                          Washington, DC 20240                                         Reston, VA 20192
                          Phone: 202-208-3936                                          Phone: 703-648-7544
                          Fax: 202-219-9326                                            Fax: 703-648-7260                                                     HOLIDAY CLOSINGS
                                 •     1-800-914-8619               •                                                    Columbus Day – October 9
                                                                                                                                                                      Veterans Day – November 10
                                                                                                                                                                      Thanksgiving – November 23
                                                                                                                             Printed on                                Christmas – December 25
                                                                                                                             Recycled Paper                           New Year’s – January 1, 2007
Page 4

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