The Sensational

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					                                                                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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