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					                                                                                                                                                                                                                   April 2012


Time to Buy a New Car?                                                                                                                                                                                                                     New
                                                                                                                                                                                                                                            Rates w
 Believe it or
 not, spring is                                                         New Auto, Boat                                                                                           Used Auto, Boat
 here. Consumer
 confidence is                                                           and RV Loans                                                                                             and RV Loans
 picking up and                                                                     New rates as low as                                                                                         Used rates as low as

                                                                      1.74                                                       %
                                                                                                                                                                                2.99                                                            %
 tax refunds
 are starting to
 flow. Shoppers
 are now giving                                                                                                                      APR*                                                                                                        APR*
 serious thought to buying a new car this time of year.                                  for up to 60 months                                                                                        for up to 60 months
 Before you head into the dealerships visit,                Get Pre-approved and Save!                                                                                    Full Financing Available
 an innovative auto buying resource that connects you with                                                                                                                            Maximum 3 Model Years Old
                                                                           Leasing & Lease Buyouts
 comprehensive research and comparison tools.                                                                                                                                           (Including Current Year)
                                                                                 Also Available
                                                                                                                                                                                      Other Rates/Terms Available
 Make a smart car buying decision while obtaining low
 TFCU financing. We offer great low rates.
                                                             All rates and terms are subject to change without notice. *APR: Annual Percentage Rate. Rates and terms are effective 4/1/2012. Rate will be based on credit history. Rate shown is lowest rate available. Applicants
                                                             who are not approved at these rates or terms may be offered credit at a higher rate and/or different terms. Rates not available on Buy Rite Plus balloon loans or leases. Not eligible for Educated Choice, Auto Transfer,
                                                             Loan-to-Value or Flat fee waiver (indirect only) discounts. Pay just $17.42 for every $1,000 borrowed with a 60-month term at 1.74% APR for new auto loans. Pay just $17.97 for every $1,000 borrowed with a 60-month
                                                             term at 2.99% APR for used auto loans.

Practical Tips for Obtaining a Mortgage
Here are a few tips to help you get through the mortgage process:
• Find out how much mortgage you can afford. See our financial calculators at We offer great low rates.
• Know what’s in your credit report. Your credit score will help determine the term of the loan,                                                                               15-Year Fixed Rate
   as well as the interest rate you will be able to get.                                                                                                                                     Rates as low as

                                                                                                                                                                     3.00                                                      %
• Create a wish list of what you want in a home. Do you want a 3-bedroom with a garage or
   can you settle for a 2-bedroom with no garage? Knowing what you want upfront can save you
   time when looking for your home.
• Understand the different mortgage programs. There are many different TFCU mortgage                                                                                                                                                 RATE

   programs available, including adjustable rate, fixed rate, and first time buyer loans.
   Make sure you understand each type of loan before selecting a program for you.
• Find out about closing costs. Not only do you need to put a down payment on a home, but
   you also pay closing costs at settlement. Closing costs are based on many factors, so a                                                                                                                                           APR**
   “Good Faith Estimate” will be provided to you upon submission of a completed application.
                                                                                                                                                                                                     No Points
For more information on the mortgage process, rates and closing costs,
visit or call 631-698-7000, extension 6790.                                                                All rates and terms are subject to change without notice. **APR: Annual Percentage Rate. Rates & terms accurate as of 3/26/2012. Maximum
                                                                                                                               loan amount is $417,000. Pay $6.91 per $1,000 borrowed for 15-year fixed rate mortgage at 3.13% APR. Taxes, insurance and other costs will result in a
                                                                                                                               higher monthly payment. Primary residence only. This is not a commitment to lend. If your down payment is less than 20% of the home’s value, you
                                                                                                                               will be subject to private mortgage insurance, or PMI. Applicants who are not approved at these rates or terms may be offered credit at a higher rate and/
                                                                                                                               or different terms. Rate shown is for purchase or refinance, up to 80% financing. Other rates and terms available for loan to values above 80%.

    Member                    TFCU’s New Mailing Address
                              All TFCU correspondence, including loan payments and deposits, should now be mailed to our
    Notice                    new address: P.O. Box 9005 • Smithtown, NY 11787
                                                                                                                                               Check for ou

                                             TFCU’s Website is                                                                                                     TFCU is pleased to announce that we

                                             Being Redesigned
                                                                                                                                                                   will be launching a new and improved
                                                                                                                                                                   website later this year!

                                             for Ease of Use
                                                                                                                                                                   Watch future newsletters for more details.

Get Your Statements Faster                                                                                                           • Cut down on paper clutter – Retrieve the last 12 months
                                                                                                                                       of statements & save them as a Portable Document
                                                                                                                                       Format (PDF).
    Enroll today to receive paperless E-Statements to save time and paper and help
                                                                                                                                     • View or print your statements any time.
    the environment.
                                                                                                                                     • They’re safe, secure and FREE!
      • Your statement will be available sooner – generally the first business day                                               Enroll Today! If you are currently using our online banking
        after month-end.                                                                                                         service simply login and select the E-STATEMENT SIGNUP
      • Decrease the threat of identity thieves who can go “dumpster diving” for                                                 button. A valid e-mail address is required in order to activate
        your account information.                                                                                                E-Statement alerts through eNotices.

                                                                                                                                Important Tax
                                                                                                                                Refund Information
                                                                                                                                 To have your tax refund directly deposited to your TFCU
                                                                                                                                 account, you’ll need our ABA Routing Number: 221475786 and
                                                                                                                                 your account number.

                                                                                                                                 If you are depositing to your Checking or Money Market account,
                                                                                                                                 please be sure to use the entire 14 digit account number shown
                                                                                                                                 on the bottom of your check.

                                                                                                                                 If you are depositing to your Savings account, your five or six
                                                                                                                                 digit member number is required.
                                                  It’s Free
                                              • No monthly service fee
  No Fees. No Stipulations.                   • FREE Visa® debit card

 That s the TFCU Way!
Are you tired of paying outrageous bank fees?
                                              • No minimum balance required
                                              • No per check fees
 Experience the benefits of a TFCU Checking • Free account alerts!
        Account That is Actually Free!            u TFCU checking is free; if incurred, fees such as a stop payment or
                                                  NSF fee will apply. Share Savings account of $1 required.

 Win $1,000 for College                                                                                                                                   Deadline:
                                                                                                                                                          April 20th
  TFCU will award $1,000 scholarships to six high school seniors who plan
  to continue their education.
                                                                                                                     To enter, apply online no later than Friday, April 20th. Six names
  To be eligible, the student must be:
                                                                                                                     will be drawn on Wednesday, April 25th. All winners will be notified by
     • Graduating from high school this spring
                                                                                                                     mail and a list of winners will be posted in all branches.
     • Attending an accredited college, vocational, or trade school in
       the fall (if selected, you will need to provide us with a letter of                                           Apply at:
                                                                                                                     *Family members of TFCU’s employees and officials are not eligible to enter.
       acceptance from the school you plan to attend).
     • A member (or one parent a member) of TFCU by the date of the
       drawing. (A savings account, with a minimum balance of $1.00 is
       required for membership.)
                                                                                                                                                     Visit Our Online
                                                                                                                                                     Mortgage Center
Teachers Federal Credit Union - April 2012
ur GREAT LOW Home Equity rates!

     Are Your Children on the Right Track
     to Financial Independence?
     By teaching children how to save for their goals, they’ll have one of the most        • If you decide to pay your children an allowance, include them in
     difficult aspects of saving under their belt by the time they’re teens – being a        the decision. Discuss allowance amounts and what they should
     consistent saver.                                                                       use their allowance for. The amount is your call, but allow
                                                                                             them some input.
     Here are just a few examples to help teach kids of different ages about the
     savings game:                                                                         • Show children what compounding interest means. Explain that as
                                                                                             they save, they’re constantly earning dividends on their savings –
     • Have young children – preschool age – sort different types of money
                                                                                             on top of that, they’re earning dividends on their dividends.
       into piles by color and size.
                                                                                           • As teens reach high-school age, clarify what you will pay for and
     • Play grocery store or credit union. Help them use a pretend
                                                                                             what they are responsible for. For example, they may want the
       cash register.
                                                                                             newest cell phone that comes with a really high price tag. Establish
     • At the grocery store, let them help you shop. Teach them how to                       your spending limit. If they still want the more expensive version,
       comparison shop – for example, show them that for every $4.99 box                     have them make up the difference. Often, once the responsibility
       of cereal, there may be similar brands on sale for much less.                         of paying for items is on them, the “latest and greatest” aren’t
                                                                                             so important.
     • As children get older, let them know what things cost. Share sales receipts
       and bills that you receive for items or services you’ve purchased for them.

    Swipe Smart: Avoid                                                                  In Memoriam:
    Debit and Credit Scams                                                              Nicholas Maletta 1928 – 2012
                                                                                                               TFCU is proud to honor the memory of Nicholas
    Thieves are always coming up with new ways to steal your personal
                                                                                                               Maletta, Vice Chairman of TFCU’s Board of Directors,
    identification number (PIN) or account information from debit and credit cards.
                                                                                                               who passed away recently. Mr. Maletta served on our
    But you can help protect your finances by following these simple steps:
                                                                                                               Board of Directors since 1983 and was elected to the
    • Look for tampered ATMs or card readers. Don’t use a machine that                                         position of Vice Chairman in April of 1991.
      has loose connections, or tape or wires showing. Thieves can install a
                                                                                                              He held the position of Consultant (Pensions and
      device called a skimmer onto the ATM. The skimmer copies information
                                                                                                              Retirement) for NYSUT and Trustee of the NYS
      from the magnetic stripe on the back of the card.
                                                                                                              Teachers Retirement System until his retirement
    • Be aware of people around you at the ATM. Scammers may try to                     from the education field. He was a foreign language teacher at Eastern
      look over your shoulder to see your PIN.
                                                                                        Military Academy, Bayport-Blue Point High School and Dowling College.
    • Watch your card as it is swiped at gas stations, hotels and restaurants
      to prevent unauthorized charges.                                                  His professional activities included advisory positions with the New York City
                                                                                        Board of Education and Educational Testing Services, Princeton. He served
    • Check your bank and credit card statements regularly. If you
                                                                                        as Director for both NYSTA and NYSUT.
      see any errors, even small ones, report them to your financial institution
      immediately.                                                                      TFCU’s Board of Directors, Management and staff are all grateful to Mr.
    • Order a copy of your credit report. You can request a free copy of                Maletta for the 29 years of service he gave to us. His selfless volunteer
      your credit report once a year at, or by               work and countless contributions have helped shape TFCU into the strong,
      calling 1-877-322-8228.                                                           successful financial institution we are today.

    Springtime at the Long Island Museum
     Long Island in Bloom will be on display during Long Island’s blooming                painted the glories of flowers in nature, in gardens and in still life. The
     season, a time when our thoughts turn to flowers and gardening. Many                 exhibit is on display in the Art Museum now through July 8. For more
     of the gifted artists who have lived and worked on Long Island are known             information visit the museum website at
     for their floral works. Long Island in Bloom features these artists who
                                                                                          Bring a copy of this article with you to the museum and receive
                                                                                          one FREE adult admission to Long Island in Bloom with the
   Visit our Online Mortgage Center today or call to speak              Low Rates for     purchase of a regular priced adult admission ticket.
    with a loan representative at 631-698-7000, extension               Purchasing or
  6790, for more information as well as our great low rates.            Refinancing!
                                                                                                                        Teachers Federal Credit Union - April 2012
 IS IT TIME FOR LIFE INSURANCE?                                                                                                                                                                                                Chris Hibbard, ChFC, CFS
                                                                                                                                                                                                                               Senior Financial Advisor

 Important life events may call for it.                                                                                                                                                                                        Trust Liaison Officer
                                                                                                                                                                                                                               5439 Sunrise Hwy.

 A message from the TFCU Trust and Financial Services Program                                                                                                                                                                  Holbrook, NY 11741
                                                                                                                                                                                                                               (631) 698-7000 ext. 6020

Just as many people between the ages of 30 and 50 lack a will, many also lack life insurance. A March 2011 survey from Genworth                                                                                                Stephen Abbott, CLU, ChFC
Financial and the University of Virginia’s Darden School of Business found that almost 70% of single parents and 45% of married                                                                                                Financial Advisor
parents were living without any coverage.1                                                                                                                                                                                     2410 North Ocean Avenue
                                                                                                                                                                                                                               Farmingville, NY 11738
                                                                                                                                                                                                                               (631) 698-7035
Why don’t more young adults buy life insurance? Shopping for life insurance may seem confusing, boring, or unnecessary.
Yet when you have kids, get married, buy a house or live a lifestyle funded by significant salaries, the need arises.

Finding the right policy may be simpler than you think. There are two basic types of life insurance: term and cash value.
Cash value (or “permanent”) life insurance policies offer death benefits and some of the characteristics of an investment – a
percentage of the money you spend to fund the policy goes into a savings program. Cash value policies have correspondingly
higher premiums than term policies, which give you death benefits only and have terms of 10 years or longer. Term is a great choice
for many young adults because it is relatively inexpensive. There is an economic downside to term life coverage: if you outlive the                                                                     Financial Services Representatives
term of the policy, you and/or your loved ones get nothing back. Term life policies can be renewed (though many are not) and some                                                                       at other branches:
can be converted to permanent coverage.2                                                                                                                                                                Commack – Linda Davis
                                                                                                                                                                                                        East Northport – Ron Rebaldo
The key question is: how long do you plan to keep the policy? If you don’t want to pay premiums on an insurance policy for more                                                                         Nesconset – Micki Cahill
than 10 years, then term life stands out as the most attractive option. If you are just looking for a short-term hedge against calamity,                                                                Port Jefferson Station – Diane Jensen
that’s the whole reason behind term life insurance. If you’re getting into estate planning, then permanent life insurance may prove a                                                                   Rocky Point – Catherine Garnier
better choice.                                                                                                                                                                                          South Setauket – Donato Surace

It may be cheaper than you think. Premiums on 10-year level guaranteed term policies are startlingly affordable. Just to give
you a ballpark example, a 40-year-old woman could potentially line up $250,000 in coverage through one major insurer for a premium of $16 a month in August 2011.3

Confer, compare and contrast. Talk with a financial or insurance professional you trust before plunking down money for a policy. That professional can perform a term-
versus-permanent analysis for you and help you weigh per-policy variables.

Representatives are registered, securities are sold, and investment advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC , a registered broker/dealer and investment advisor, 2000 Heritage Way, Waverly, Iowa 50677, toll-free
800-369-2862. Nondeposit investment and insurance products are not federally insured, involve investment risk, may lose value and are not obligations of or guaranteed by the financial institution. CBSI is under contract with the financial institution,
through the financial services program, to make securities available to members. This material was prepared by MarketingLibrary.Net Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. All information is believed to be from
reliable sources; however we make no representation as to its completeness or accuracy. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent
professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. Citations. 1 -
insurance [3/25/11], 2 - [3/16/11], 3 - [8/4/11]. 10212011-WR-366

    Farmingville Branch                                                                                                                                                                 TFCU’s Annual
    Undergoes Renovations                                                                                                                                                         TFCU’s Annual Meeting will be held on
    To better serve our members, TFCU’s Farmingville branch has been undergoing renovations to                                                                                  Tuesday, April 24th, at 6:30 p.m. at the credit
    modernize and expand its member service areas. We’re sure you’ll be pleased with our new                                                                                        union’s main office in Hauppauge.
    appearance and we look forward to serving all your financial needs even more efficiently.                                                                                           All members are welcome.

                                                                                                                                                                                                    Board Of Directors
                                                                                             Convenient Branch Locations                                                                     Fred H. Schaefer, Chairman
                                                                                             Amityville                              Nesconset                            Raymond P. Grossman, Treasurer        George L. Dornhoefer, Secretary
                                                                                             355 Broadway (Rte. 110)                 127 Smithtown Blvd.
                                                                                             Bay Shore                               North Babylon                                   F. Jane Harris, Robert J. Ney, Juan C. Nuñez
                                                                                             3rd Ave. and Sunrise Hwy.               1134 Deer Park Ave.                                 Mario P. Shortino, Frank D. Spencer
                                                                                             Brookhaven National Lab†                Oakdale
                                                                                             400 Brookhaven Avenue                   951 Montauk Hwy.
                                                                                             Central Islip                           Port Jefferson Station                                Executive Management
                                                                                             118 Wheeler Road                        450 Jefferson Plaza (Rte. 112)        Robert G. Allen, President/CEO Thomas A. Fallon, EVP/COO
                                                                                             Commack                                 Riverhead
                 NEW TFCU HEADQUARTERS                                                       10 Vanderbilt Pkwy.                     176 Old Country Rd.(Rte. 58)
                                                                                             East Northport                          Rocky Point                                          Supervisory Committee
     Located at: 102 Motor Pkwy, Hauppauge, NY                                               556 Larkfield Road                      561 Route 25A                             Ronald A. Mincio, Chairman        James F. Nohe, Secretary
      Mail: P.O. Box 9005, Smithtown, NY 11787                                               Entenmann’s†                            Selden
                                                                                                                                                                                     Paul E. Misut, April S. Neitlich, Robert J. Ney
                                                                                             1724 5th Ave., Bay Shore                301 Independence Plaza, (Rte. 25)
                                                                Farmingville                            Shirley
                                                                                             2410 N. Ocean Ave.                      437 William Floyd Parkway.
   631-698-7000 • 1-800-341-4333*                                                            Hauppauge                               Smithtown                                  Convenient Loan Call Center Hours
     *Outside the Long Island, Westchester and New York Metro areas.                         102 Motor Pkwy.                         1 West Main Street
                                                                                             5439 Sunrise Hwy.
                                                                                                                                     South Setauket
                                                                                                                                     260-A Pond Path
                                                                                                                                                                               24/7 Loan Information & Applications
                                                     Find us on

                                                     Facebook                                Huntington
                                                                                             211 East Main Street
                                                                                                                                     SUNY Stony Brook
                                                                                                                                     Student Activities Center &
                                                                                                                                                                                     631-698-7000, Ext. 6790.
                                                                                                   Health Sciences Center
  While consistent effort is made to ensure the integrity of information contained in this
  publication, material should not be considered legal, financial or professional advice.                     † Facility employees only
                                                                                                                                                                                TFCU’s Routing Number: 221475786
                                                       Check for all of our GREAT RATES!

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