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Teamsters Council #37 Federal Credit Union PO Box 20849 • Portland OR 97294-0849 us postage
PAID
portLaNd, or
perMit No. 816
News for members of Teamsters Council #37 Federal Credit Union Summer 2011
¿Habla Español?
absolutely Free, no Strings Ver la contratapa
attached Checking New!
Send Money
Why pay a bank if you can get it for free? to Anyone
Most big banks are making a mockery of the word “free.” in 1 Day!
If you have one of their so-called “free” checking accounts, you’re probably Now you only need a
paying more and more for it. Banks are introducing requirements like person’s email address or
mobile phone number
maintaining a high balance or using direct deposit to avoid a monthly
to send them money
service fee. Plus, they’re introducing or raising many other fees. directly from your tCu
If you’ve had enough of the fee frenzy, we have the solution. Both our Free Free Checking or Hi-Yield
Checking account and Hi-Yield Money Market account—which works like Money Market account.
interest checking—are absolutely free, with no strings attached. You won’t pay just click “pay people” in
a monthly service fee, but you will get all the features and conveniences you the Bill pay section of our
expect: a free debit card, free online banking, surcharge-free access to hun- free online Banking ser-
dreds of nearby ATMs, and more. vice. it’s faster and easier
than writing and mailing
Call, click, or drop in to learn more or make the switch to TCU checking. a check, or using Bill pay
You’ll never have to make the switch again! Our debit card features
Crater Lake to send a check.
SEE PaGE 2
doN’t get StunG BY Your Credit Card! Go Green for
What’s in your wallet? If it’s a big name credit there’s no annual fee. You can use it for free, too, if a $5 Reward!
card, now might be a good time to dump it. Large you regularly pay off your balance in full each bill- Nab a quick $5 reward
banks and other big card issuers have been ing period. And if you carry a balance, you’ll save by opting for estate-
ments.* they can’t be
raising annual fees, hiking interest rates, money with a finance rate as low as 8.49% APR.*
lost or stolen like paper
and reducing credit limits. They’re Carry the card that’s an honest financial statements, and you can
also introducing new fees. Maybe you’ve value and works as hard as you do. It’s the access them anytime.
already been stung. card just for Teamsters—a TCU sign up through team-
A TCU MasterCard is pain-free. MasterCard. Call us at 503- net online Banking at
It’s accepted worldwide just like those 251-2390 or 800-547-7657. our web site.
other cards, but instead of subsidizing a We’ll hook you up. *if you have a tCu credit card, you
also need to sign up for MasterCard
rewards program and helping banks make estatements through Credit Card in-
*Annual Percentage Rate as of 7-1-11. folink on our home page to get your
record profits, you’ll be saving money. Actual rate is determined by your
$5 reward. this is another free service
that gives you online access to your
First, you can carry it for free because credit qualifications. MasterCard account to make pay-
ments, check due date and amount,
and review transactions.
Summer 2011 Your Family and Co-Workers tCu Savings Rates
Are Free to Join TCU! Certificate Accounts APY*
through september of 2011, the usual $5 member-
3 Months $500 minimum .15%
ship fee for joining teamsters Credit union will be
$2500 minimum .15%
waived. Be sure to let your co-workers and family
members know—especially if they want to take 6 Months $500 minimum .20%
advantage of our low rates and fees for home loans, $2500 minimum .35%
autos, and other types of financing! 12 Months $500 minimum .30%
$2500 minimum .65%
Teamsters Council #37 18 Months $500 minimum .45%
Federal Credit Union New! Send 24 Months
$2500 minimum
$500 minimum
.70%
.70%
Board of Directors
darel aker
Money in 1 Day $2500 minimum .95%
President to Anyone! 36 Months $500 minimum
$2500 minimum
.95%
1.20%
penny sittner
Vice President We’ve added a powerful, new service to TeamNet 48 Months $500 minimum 1.20%
steve pickle Online Banking and Bill Pay. Now you only need $2500 minimum 1.45%
Treasurer a person’s email address or mobile phone number 60 Months $500 minimum 1.45%
Chris Campell to send them money directly from your TCU Free $2500 minimum 1.70%
Secretary
Checking or Hi-Yield Money Market account. IRA Traditional, Roth, Education $25 minimum .75%
diana Franken
Walt LaChapelle iii
It’s called “Pay People,” and it’s faster and easier Hi-Yield over $1,000 .01%
Bill elzie
than writing and mailing a check, or using Bill Pay Money Market over $2,500 .05%
to send a check. It’s also easier and less costly than over $10,000 .10%
Harry glaus over $25,000 .25%
jackie davais sending wire transfers. over $50,000 .40%
You don’t need to exchange account information over $100,000 .65%
Supervisory Committee or set anything up. In fact, this is all there is to it: Savings Regular, Christmas, Special $5 min. .15%
p.o. Box 20849
Portland, OR 97294-0849 1. Log into Online Banking and go to Bill Pay. *Annual Percentage Yield as of 7-1-11 and subject to change without notice.
There may be a penalty for early withdrawal from Certificate accounts.
Report any concerns you have 2. Click “Pay People.”
about the handling of your
account or the Credit Union in 3. Enter the person’s email address or mobile phone
general to this committee.
number and the amount to pay.
steve pickle
Chairman
The money goes directly from your TCU account TCU Insurance Adds
into the recipient’s account, usually within one busi-
rob Burke
ness day, regardless of where they bank. There is a Two New Insurers for
Credit Review
Committee
50¢ fee for each transaction. Comparison Shopping
If you don’t yet use Teamnet Online Banking,
Chris Campbell
it’s free, secure, and easy to use. Sign up at www.
jackie davais
tcu37.com. (Click “Online Services,” then “Getting AARP Auto Insurance
Started.”) If you need help, just give us a call. Now available through Cu insurance agency, your
We Will Be Closed local Hartford independent agent. Call for your
Labor Day free, no obligation quote!
Monday, september 5
three Directors Reelected
Columbus Day Travelers Insurance
Monday, october 10 to Credit union Board offering broad coverage options, a wide variety of
three incumbents were re-elected to the Board of deductibles, competitive prices, and 24/7 service.
Teamworks is a publication of teamsters
Council #37 Federal Credit Union and is directors at our annual Meeting of members held in
prepared for the purpose of general
information about financial news and april. on behalf of all members, we extend our con- CU Insurance Agency
related subjects. it is not intended, nor gratulations to incumbents Harry Glaus and Bill Independent Agents
should it be used, as legal and/or tax
advice. Before any action is taken based Elzie. Jackie Davais was appointed by the Board to Patty (left) and Paula
upon this information, it is essential that fulfill the term of Bill Shatava, who passed away in 503-251-2398
competent, individual, professional ad-
vice be obtained. april, after reelection (see story next page). Toll Free 866-312-2399
Harry glaus is a retiree of Local 305, and Bill elzie www.cuinsuranceagency.com
is a Business representative for Local 162. jackie as your independent agents, we can present you
davais is a past member of the credit union’s with more options to better match your protec-
Federally insured by NCua supervisory Committee and serves on the Credit tion needs and budget. Let us help you get your
review Committee. money’s worth!
TEAMSTERS
notice of Change in terms COUNCIL #37
FEDERAL CREDIT UNION
Effective July 1, 2011
www.tcu37.com
tCu’s Funds availability policy has been amended to provide earlier
access to cash from check deposits. “sec. 2 Reservation of Right to Hold” is TeamLine
amended to increase from $100 to $200 the amount of deposited funds 24-hr phone teller
503/254-7252 or 1-800-284-7948
that tCu will make available for withdrawal by the opening of business
on the next day. Portland Main Office
union plaza
Effective September 1, 2011 1866 N.e. 162nd avenue
p.o. Box 20849
Non-sufficient Funds (NsF) Fee $30 per item Portland, OR 97294-0849
503/251-2390 or 1-800-547-7657
stop payment $30 per item Monday–thursday
Grant Rommel aCH origination set-up fee (outbound) $25 each time
8:00 a.m. - 5:00 p.m.
(1st Weds of month open 9:00 a.m.)
Wins Scholarship stop payment on a Credit union Check $30 Friday 8:00 a.m. - 5:30 p.m.
grant rommel is the recipient
return deposit item $30
Holladay Park
of this year’s teamsters Credit (Portland)
union non-renewable schol- Hand posted item $5 1020 N.e. 2nd ave., suite 160
Portland, Oregon 97232-2076
arship of $1,000. the award aCH revoke per item $30 503/233-2213
is based on merit, need, and Monday -thursday
other factors. grant is a gradu- overdraft teampay (up to $500) $30 per item 9:00 a.m. - 11:30 a.m.
ate of Cleveland High school 12:30 p.m. - 5:00 p.m.
(1st Weds of month open 9:30 a.m.)
and will attend Whitman Col- Friday 9:00 a.m. - 11:30 a.m.
lege to major in education. He Effective august 1: new Office Hours 12:30 p.m. - 5:30 p.m.
is the son of rod and Margaret
rommel. rod is a ups package for Main Office, Holladay Park & Salem Tualatin Shared Branch
united advantage FCu
car driver and has been a mem- As of August 1, opening time will be 9:00 a.m. for our Salem 20210 sW teton
ber of teamster Local 162 for and Holladay Park offices and 8:00 a.m. for our Main Office, tualatin, or
except the first Wednesday of each month, when Holladay Park Monday - Friday
28 years. 9:00 a.m. - 5:00 p.m.
opens at 9:30 a.m. and Main Office opens at 9:00 a.m..
Salem
750 Browning S.E.
tCu Loan Rates
p.o. Box 3999
Salem, OR 97302-3999
503/371-9721
Monday -thursday
Autos/Boats/RVs/Other Secured Loans as low as 1.99% APR* 9:00 a.m. - 11:30 a.m.
Maximum loan $200,000 12:30 p.m. - 5:00 p.m.
Friday 9:00 a.m. - 11:30 a.m.
Signature Loan as low as 10.49% APR* 12:30 p.m. - 5:30 p.m.
Personal Line of Credit as low as 10.49% APR* Springfield Limited Services
711 Shelley Street
MasterCard as low as 8.49% APR* Springfield, OR 97477-1972
541/746-6500
Share Secured/Certificate/Severance Loans 3% above APY Monday - Friday
9:00 a.m. - 12:00 p.m.
First Mortgage (Owner Occupied) 80% RMV 3.75%–6.50** 1:00 p.m. - 5:00 p.m.
We Remember Cash out adds 0.125% to rate and 0.5% to loan fee. Hood River Shared Branch
Cascade Central Credit union
Bill Shatava Home Equity Loan (Owner Occupied) 80% RMV 4.625%–8.25%** 1206 12th street
Hood River, Oregon 97031
tCu Board Member Bill shatava Home Equity Line of Credit 80% RMV 5.00% APR*** 541/387-9297
passed away april 11 at age 83. No fees, no points, no closing costs! Rate is fixed for five years. New fixed rate applies to each five year draw period. Monday - Friday
He was also a past president of 9:00 a.m. - 5:00 p.m.
the joint Council retirees asso- Unimproved Property 50% of Appraisal 9.625%–14.625%** (lobby only, drive-up not available)
ciation, serving more recently *APR is Annual Percentage Rate. Rates current as of 7-1-11 and subject to change without notice. Actual APR and terms Ontario Shared Branch
as its secretary. Bill was actively approved based on member’s Beacon score and credit qualifications. Maximum loan rate is 17.99%. Maximum secured Malheur Federal Credit union
involved in the joint Council loan to any one member is $300,000. Maximum unsecured loan amount to any one member is $10,000. Some restric- 1695 se 5th avenue
tions may apply. Collateral value of vehicles determined by Kelley Blue Book and adding or subtracting for mileage, ontario, oregon
Kidney Benefit, as well as the equipment, etc. Please contact our loan department for details. 541/889-3149
oregon truck driving Champi- Monday - Friday
**Real Estate Secure loans require a 1% loan fee and closing costs, which will increase APR. Maximum Loan $300,000.
onships. He served on numer- 9:30 a.m. - 5:30 p.m.
Some restrictions apply. For example, on a 60 month First Mortgage there would be 60 monthly payments of $18.26
(lobby only, drive-up not available)
ous committees as a champion per $1,000 borrowed. Please contact the loan department for details. 80% of appraisal financing available. Equal
of better working conditions for Housing Opportunity. Central Point
labor. all of us at tCu remember ***Annual Percentage Rate shown is for 1st or 2nd trust deed Home Equity Loan Line of Credit (HELOC). Rate is variable and 4480 rogue Valley Hwy.
tied to an index. Rate can change at end of five years. Rate cannot exceed 18% APR. Maximum Loan $300,000. Credit Central Point, OR 97502
Bill as a great guy and for his Union has option of extending initial 5 year draw period another 5 years. 15 year fixed payment, schedule follows draw 541/664-4261
service to the credit union. period. Minimum payment during draw period is 1% of balance. Minimum payment during fixed payments is $50.00. Monday - Friday
9:00 a.m. - 12:00 p.m.
1:00 p.m. - 4:30 p.m.
Noticias para los miembros del Consejo de Teamsters #37 de la Unión Federal de Crédito Verano 2011
Cuenta corriente
Do You Speak
English?
See back cover
libre de ataduras y ¡Nuevo!
¡Envíe dinero
totalmente gratis a cualquier
persona en
1 día!
¿Por qué pagarle al banco si puede obtenerla gratis? ahora sólo necesita
una dirección de correo
La mayoría de los bancos importantes se burla de la palabra “gratis.” electrónico o un número
de teléfono celular para
Si posee alguna de las llamadas cuentas corrientes “gratis,” probablemente esté enviar dinero a personas
pagando cada vez más por ella. Los bancos están incorporando requisitos tales a través de las cuentas
como mantener saldos elevados o realizar depósitos directos para evitar costos tCu Free Checking o Hi-
mensuales de mantenimiento. Además, introducen o elevan otros costos. Yield Money Market.
Si está cansado de estos costos irrisorios, nosotros tenemos la solución. simplemente haga clic
Tanto la cuenta Free Checking (cheques gratis) como la cuenta Hi-Yield Money en la opción “pay people”
Market (alta rentabilidad del mercado monetario)—que funciona como una (pago a personas) que
aparece en la sección Bill
cuenta corriente con interés—se otorgan de forma gratuita y sin compromiso.
pay (pago de cuentas)
Usted no pagará un costo mensual de mantenimiento, pero obtendrá todas del servicio gratuito de
las ventajas y los beneficios que espera: una tarjeta de débito gratuita, banca banca electrónica. es más
electrónica gratuita, acceso sin recargo a cientos de cajeros automáticos rápido y fácil que librar
cercanos y más. El fondo de
un cheque y enviarlo por
Llame, haga clic o diríjase a una sucursal para informarse o para cambiarse la tarjeta de débito correo o que usar Bill pay
es Crater Lake para enviar un cheque.
a la cuenta corriente de TCU. ¡Nunca más tendrá que cambiar de nuevo!
VER PáGina 2
Cuide el medio
¡No se deje eNgañar por su tarjeta de Crédito! ambiente por
¿Qué hay en su cartera? Si posee una tarjeta de gratuita ya que no se cobran costos anuales. una recompensa
crédito de renombre, sería un buen momento para También puede utilizarla gratis si paga regular- de $5!
deshacerse de ella. Los bancos grandes y mente el saldo total durante cada período de obtenga una recompen-
otras compañías emisoras importantes de facturación. Y si tiene un saldo pendiente, sa rápida de $5 optando
por estatements.* No
tarjetas de crédito han estado elevan- ahorrará dinero con una tasa de financiación se extravían ni pueden
do los costos anuales, aumentando las tasas de tan solo 8.49% APR.* ser robados como los
de interés y reduciendo los límites de crédito. Sea titular de una tarjeta que resúmenes en papel y
También están introduciendo nuevos gastos. represente un valor financiero puede acceder a ellos
Es posible que ya lo hayan engañado. honesto y que se esfuerce en cualquier momento.
suscríbase a través de la
La tarjeta MasterCard de TCU es fácil tanto como usted. Es la
Banca online teamnet
de usar. Se recibe en todo el mundo tal tarjeta perfecta para en nuestro sitio web.
como las otras; sin embargo, en lugar de Teamsters—una Master-
*si tiene una tarjeta de crédito de
subsidiar un programa de recompensas y Card de TCU. Llámenos al 503-251- tCu, también debe inscribirse en
MasterCard estatements a través
contribuir a que los bancos obtengan ganan- 2390 o al 800-547-7657. Lo ayudaremos. de Credit Card infolink en nuestra
cias récords, usted estará ahorrando dinero. *Tasa porcentual anual vigente desde el 7-1-11. La tasa real se
página principal para obtener la re-
compensa de $5. este es otro servicio
En primer lugar, usted puede llevarla de forma determina según sus calificaciones crediticias. gratuito que le brinda acceso en línea
a su cuenta MasterCard para realizar
pagos, consultar los vencimientos,
montos y revisar las transacciones.