A quarterly publication for members of EdCo Community Credit Union. Spring 2012
Visit our website at
www.EdCoCU.com for a
Mortgage Loan Video!
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
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
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
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
email is sent to a customer or other sensitive personal Monday - Friday 8:30 - 5:00
directing them to enter information to organizations Saturday 9:00 - Noon
personal information in to you know and trust. You Drive-up
a fraudulent site, and then should never provide your Monday - Thursday 7:30 - 5:00
that information is captured Social Security number or Friday 7:30 - 6:00
and used by thieves. If you financial information in an Saturday 9:00 - Noon
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
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
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
60 -72 Months 3.75% APR
Members who currently as you risk the possibility
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
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
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,
Do your banking when & where it’s convenient for you at www.EdCoCU.com.