The EdCo Educator A quarterly publication for members of EdCo Community Credit Union. Spring 2012 7 Visit our website at The Sensational www.EdCoCU.com for a Buying Your First Home Use our Mortgage Loan Video! at Calculator Mortgage www.EdCo CU.com to ly Pay off your home in just 7 Years with Members considering our month a refinance or buying estimate y ts! EdCo’s Sensational 7 Mortgage Loan! paymen again after many years will benefit from the Fixed rate of 3.75% • $450 in closing costs • No points to pay information as well! Stop in, call or email our loan department at Loans@EdCoCU.com for more information. *Annual Percentage Rate. All loan financing is based upon credit qualifications. Offer applicable to new money only. Will only finance a maximum of 80% loan to value. Appraisal fees are the borrower’s responsibility, if required. Other restrictions may apply. Please see credit union for full details and disclosure. Two Factors To Consider With A Mortgage Refinance VOTE With mortgage interest rates some of the lowest in decades, many home owners may be considering refinancing their current mortgage loan to a lower rate. There are two main factors you’ll want to consider before you refinance: 1) Lower Rate & Shorten Term - Unless 2) Will You Recoup Your Fees? – You should Exercise Your you truly need to lower your monthly have a pretty good idea of how long you payments, be sure to refinance to a plan to stay in your home. There are fees Right to Vote at shorter term than the number of years remaining on your current mortgage associated with any new mortgage loan, so you’ll want to be sure you’re saving on EdCo’s Annual loan. So, if you have ten years left to your monthly payment long enough to Meeting pay on your existing mortgage loan, recoup the cost of those fees. refinancing to a lower rate for ten Date: Tuesday, April 17 years or less (if possible) will benefit Location: Des Moines you the most. University Medical Education Center 3200 Grand Ave. in Office Closings Des Moines Monday, May 28 — Memorial Day Refreshments will be Wednesday, July 4 — Independence Day served at 6:00 p.m. with the meeting slated to begin at 6:30 p.m. Email and Online Security Web Site Your best defense against provide additional personal you haven’t confirmed as www. EdCoCU.com online fraud and computer information. Avoid opening legitimate. Never give out Automated Teller viruses is to be educated and any questionable emails, do your user ID or password to 515-274-4100 Option 1 take action. not open any attachments It’sMe247 Home Banking Site. 1-888-378-7352 Option 1 or links it may contain, and Des Moines Location What is phishing? delete it. 609 38th St. - Des Moines, IA 50312 Phishing (pronounced 1-888-378-7352 Think You’ve Been A “fishing”) is a scheme in Protect personal information. P: 515-274-4100 F: 515-274-2939 Victim? Contact these 3 which an official-looking Only provide credit card Lobby Hours credit bureaus. email is sent to a customer or other sensitive personal Monday - Friday 8:30 - 5:00 Equifax: directing them to enter information to organizations Saturday 9:00 - Noon http://www.equifax.com personal information in to you know and trust. You Drive-up Experian: a fraudulent site, and then should never provide your Monday - Thursday 7:30 - 5:00 http://www.experian.com that information is captured Social Security number or Friday 7:30 - 6:00 TransUnion: and used by thieves. If you financial information in an Saturday 9:00 - Noon http://www.transunion.com believe you’ve received email or on any Web site a fraudulent email from Mi govorimo bosanski. someone posing as EdCo, Hablamos español. please forward it directly to Discounted CURRENT RATES ContactUs@EdCoCU.com. Adventureland Tickets Share Savings .35% APY will be available at the Money Market Savings Be wary of suspicious emails. Min. balance of $2,000 credit union beginning in Carefully review any email Rates as high as .85% APY based on May at a cost of $27 each. requesting or including balance Tickets are available while your username or password Share Certificates & IRAs supplies last. information, particularly 3-60 month terms if the email urges you to Rates range from .60% - 2.10% APY New Debit Cards Coming In June 2010 or Newer Auto Loans 60 -72 Months 3.75% APR Members who currently as you risk the possibility 2007-2009 have an EdCo Debit Card of the transaction being 60 Months 4.25% APR will be receiving a NEW Visa declined. Home Equity Loans Summer Vacation CheckCard® in June. Please activate your new card and If you have any concerns 180 Mths 5yr balloon 80% LTV 5.50% APR is Just Around securely destroy your current about real time transactions Line of Credit 80% LTV 4.00% APR the Corner! card on or after June 18. causing declines, contact Line of Credit 81% - 90% LTV Signature Loans 5.50% APR us to establish overdraft Get on the road to your Signature 8.50% APR Your new card will feature protection. There are a summer vacation with a All rates subject to change without notice. APY=Annual Real Time transactions, variety of options you can $1,000 signature loan Percentage Yield. Minimum balance required to earn which means transactions choose from. dividends on Share and Money Market Savings. Loan rates from EdCo. Enjoy 12 are listed “as low as” unless otherwise noted. APR=Annual made using your new VISA months to pay it off, with Percentage Rate. Contact a loan officer for terms and condi- Check Card will be reflected tions. Rates quoted with all available discounts and based a payment as low as on credit history. Existing loans with EdCo do not qualify. in your available $87.22 per month.* Call, Home Equity Loans: property insurance required. Member account balance pays closing costs. Rate based on individual credit. Rate may stop-in or apply online immediately after increase during loan period. Fixed Rate=5yr balloon, 80% LTV. at www.EdCoCU.com Variable Rate=Monthly average of the 6 month Treasury rate you complete the as of 10 days before the date of any annual percentage rate today! purchase, therefore adjustment plus 3.75% for 80% LTV, plus 5.75% for 81%-90% LTV rounded up to the next .25%. Minimum of 4.00% APR. *Based on 8.50% Annual you need to ensure Maximum 16.00% APR. Federally Insured by the NCUA to at Percentage Rate for 12 months funds are available at least $250,000. with monthly payments. Loans offered with approved credit. the time of purchase, facebook.com/EdCoCU Do your banking when & where it’s convenient for you at www.EdCoCU.com.
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