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					                                                                                                                                                                                              MARCH 2011




                                                                                                                                                     Monthly
      2410 N. Ocean Avenue, P.O. Box 9029
         Farmingville, N.Y. 11738-9029                                                                Advantage
                                                                                                                                                                                       www.teachersfcu.org


 Save Big                                                                                                                                           New Auto, Boat and
                                                                                                                                                        RV Loans
 with Our New Auto                                                                                                                                      New rates as low as




 Loan Sale Event
Now through April 30, 2011, we’ve lowered our new auto rates on
                                                                                                                                                    1.99  for up to 60 months
                                                                                                                                                                                %
                                                                                                                                                                                APR*




                                                                                                                                                    2.49
terms up to 72 months.

Sample Monthly Payments                                                                                                                                 %
          Amount                                      60 Month Term                                       72 Month Term
                                                                                                                                                                                APR*
         Borrowed                                     at 1.99% APR*                                       at 2.49% APR*                                   for 61-72 months

          $20,000                                            $350.46                                             $299.33                            Get Pre-approved and Save!
*All rates and terms are subject to change without notice. APR: Annual Percentage Rate. Rates and terms accurate as of 2/18/2011. 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
                                                                                                                                                      Leasing Also Available
a higher rate and/or different terms. Rates not available on Buy Rite Plus balloon loans, leases or refinances. Not eligible for Educated Choice,
Auto Transfer, Loan-to-Value, Luxury or Flat fee waiver (indirect only) discounts. Pay just $17.53 for every $1,000 borrowed with a 60-month term
at 1.99 % APR. Pay just $14.97 for every $1,000 borrowed with a 72-month term at 2.49 % APR.




New Adjustable Rate Mortgage Pricing
Makes Home Ownership Even More Affordable
TFCU’s Adjustable Rate Mortgages (ARM) now feature
even lower starting rates! These rates are guaranteed for
the initial period of the loan. TFCU offers 5/1, 7/1 and 10/1
ARMs. For many people in a variety of situations, an ARM
                                                for up to 60 months
is the right mortgage choice, particularly if your income is
likely to increase in the future or if you only plan on being
in the home for five to ten years.

How ARMs Work: After the initial fixed period, the
interest rate can change every year. For example, one of
our most popular adjustable rate mortgagesfor 61-72 months
                                               is a five-year
ARM. The interest rate will not change for the first five
years (the initial adjustment period) but can change every
year after the first five years.

Please see current rates and full details at
www.teachersfcu.org.



          FREE CHECKING • FREE ONLINE BANKING & FREE BILL PAYER • BUSINESS CHECKING & SBA LOANS
                                                                                                             Check www.teachersfcu.org for our

 Volunteer Income Tax
 Assistance (VITA) Program
 TFCU is pleased to announce that this year we will be participating in the                    Assistance is available on Tuesdays from 10:00 a.m. to 3:00 p.m.,
 Volunteer Income Tax Assistance (VITA) Program. Certified volunteers have                     through April 12th. Please bring your W-2 wage and tax statements,
 received training to prepare basic tax returns.                                               information on other sources of income and deductions and Social
                                                                                               Security cards for the taxpayer(s) and dependents. Both spouses
 Income tax assistance is available for low-income (gross income under
                                                                                               must be present to file a joint return.
 $49,000) individuals, individuals with disabilities and the elderly. In addition,
 the program assists individuals who qualify for the Earned Income Credit.

 VITA Volunteers:
 Bay Shore - (631) 666-2800                     Rocky Point – (631) 698-7000, ext. 3364
 Jennifer Ray                                   Jennifer Andrysiak
 Angela Guzzo                                   East Northport – (631) 698-7000, ext. 3047
 Joe Kitt                                       Ron Rebaldo
 Jonathan Cardello
                                                Shirley – (631) 281-0818
 Farmingville – (631) 698-7000, ext. 3658       Shannon Keyer
 Paul Cuddy




   Win $1,000 for College
   TFCU will award $1,000 scholarships to six high school seniors who plan
                                                                                                                                      One Entry
                                                                                                                                     Per Stude
                                                                                                                                               nt
   to continue their education.
   To be eligible, the student must be:
                                                                                         To enter, apply online no later than Friday, April 22nd. Six
   	    •	Graduating	from	high	school	this	spring
                                                                                         names will be drawn on Wednesday, April 27th. All winners will be
   	      A
        •		 ttending	an	accredited	college,	vocational,	or	trade	school	in	the	
                                                                                         notified by mail and a list of winners will be posted in all branches.
          fall (if selected, you will need to provide us with a letter of accep-
          tance from the school you plan to attend).                                     Apply at: https://www.teachersfcu.org/info/poll/scholarsh_app.php
                                                                                         *Family members of TFCU’s employees and officials are not eligible to enter.
   	      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.)



 FREE Financial Education Training Class:
 Teachers Earn 6 CEUs
 TFCU and Cablevision are proud to sponsor a one-day Financial                 By teaching teens to use credit wisely and
 Education seminar that is open to all teachers, administrators, and           develop consistent savings habits, we can
 other professionals who provide financial education to high school            prepare a new generation to make smart
 students. All NYS teachers will receive a certificate of completion for 6     financial decisions. This seminar will provide
 hours of continuing education credits.                                        the resources to become an effective financial
                                                                               literacy instructor.
 Whether you are new to teaching financial literacy or you are an
 “old pro”, come join us in sharing the latest resources and methods           The key presenter is Susan Gubing, an
 of instruction. Financial literacy is being taught in all grades, K -         outstanding educator, the author of “Games 2                                             **
 college, by educators and community organizations. Come join the              Careers” and a leader in education consulting.
 TFCU Financial Literacy Team to promote these valuable skills and
                                                                               For more information and to register, call
 knowledge across Long Island.
                                                                               Jennifer Gunn at 631-698-7000, ext 3322,
                                                                               email jenniferg@teachersfcu.org or visit
 When:  Friday, April 8, 2011
                                                                               www.teachersfcu.org. This class is limited
 Time:  Registration: 8:00 a.m. – 8:30 a.m
                                                                               to 90 attendees.
        Class: 8:30 a.m. - 2:30 p.m.
        – Breakfast and Lunch will be provided
 Where: Cablevision, 1111 Stewart Ave, Bethpage, NY 11714
                                                                                                              Have Your Credit Card
Teachers Federal Credit Union - March 2011                                                                      Rates Gone Up?
GREAT LOW Home Equity rates!



   Payday Loan Alternative Now Available
    The National Credit Union Administration (NCUA) has issued a ruling            •	 Membership:	Minimum	of	1	month	membership	is	required
    that enables federal credit unions to offer short term, small amount
    (STS) loans as a viable alternative to predatory high-cost payday              •	 Dollar	amount:	Minimum	$200;	Maximum	$1,000
    loans that are offered by other financial service providers.                   •	 Term:	Minimum	1	month;	Maximum	6	months

    If you’re currently using an outside check cashing facility or a pay-          •	 Frequency:	Only	one	loan	will	be	allowed	in	a	rolling	six-month	period.
    day lender, TFCU’s new STS Loan may be a better option. Not only
    will you receive the short term funds you need, you’ll also be build-
                                                                                   For more information, call us at (631) 698-7000, extension 6790.
    ing your credit profile.



    Fight Identity Theft & Go Green                                                                         Where: TFCU’s Farmingville Branch, located at
                                                                                                            2410 North Ocean Avenue
    at Shredding Day in Farmingville                                                                        When: Saturday, April 30th (rain or shine)
                                                                                                            Time: 9:00 a.m. until 12:00 noon
    Identity theft continues to be one of the fastest growing forms of consumer fraud. TFCU
                                                                                                            What: Up to 50 pounds of personal documents
    is committed to helping our members prevent identity theft by encouraging the proper
                                                                                                            and 10 pieces of electronic equipment
    destruction of sensitive documents and electronic equipment (old computers, hard drives,
    monitors, keyboards, printers, copiers, fax machines, phones, VCRs, etc.) These materials can           Is there a charge for this service?
    now be securely disposed of and safely recycled.                                                        No, TFCU is offering this as a free service to
                                                                                                            our members and neighbors. For information,
    Computer hard drives and other electronics that contain data will be securely shredded shortly          visit www.teachersfcu.org or call 631-698-7000,
    after collection. All other items will be recycled. No items collected will be placed in landfills.     extension 3648.
    This process is handled by e-Scrap Destruction.

    Paper shredding is handled by Cintas Document Management. All documents
                                                                                                                                                E-Waste
    will be shredded onsite. You can stand by and watch as your documents are shredded.                                                         & Paper




   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.




    Check Names on Tax Returns to Avoid Delays
    If you are having your Federal and/or State Tax Refund deposited               For example: Your TFCU account is in the name Susan Smith and your
    directly into a TFCU account, the name on the return must match the            husband, John Smith, is joint on your account. Your son, Sam Smith, does
    name of the account holder or the joint account holder.                        not have an account, so you offer to have his refund deposited into your
                                                                                   account and you’ll give him the money. TFCU will not accept Sam’s tax
    Electronic deposits not meeting this criterion will be returned to either      refund and it will not be deposited because Sam is not on your account. It
    the Federal or State Tax Office.                                               will be returned to the tax office that issued it.




    TFCU’s credit cards feature great low rates.
   Apply online, by mail or at any branch today!
                                                                                                                    Teachers Federal Credit Union - March 2011
 Working with a Financial Advisor
                                                                                                                                                                                                                              Chris Hibbard, ChFC, CFS
                                                                                                                                                                                                                              Senior Financial Advisor
                                                                                                                                                                                                                              Trust Liaison Officer
 A message from the TFCU Trust and Financial Services Program                                                                                                                                                                 5439 Sunrise Hwy.
                                                                                                                                                                                                                              Holbrook, NY 11741
 Would you trust your medical diagnosis to a casual acquaintance? Do you cut your own hair? For many things it                                                                                                                (631) 698-7000 ext. 6020

 makes sense to pay a professional who has the expertise to deliver the best results. A professional financial advisor
                                                                                                                                                                                                                              Stephen Abbott, CLU, ChFC
 can make all the difference when you are looking to outline a sound, and achievable, financial plan. Follow these six                                                                                                        Financial Advisor
 steps to establish a good relationship with a professional financial advisor.                                                                                                                                                2410 North Ocean Avenue
                                                                                                                                                                                                                              Farmingville, NY 11738
             1. Choosing your financial advisor - One of the best ways to find a financial advisor is through a referral.                                                                                                     (631) 698-7035
                Begin with a trusted source – inquire at your credit union about financial advisors who are located at, or
                near, your local branch.

             2. Set up a consultation – Ask a great variety of questions to evaluate if your financial objectives are well
                matched to the financial advisor’s areas of expertise.

             3. Discuss your goals and obligations - Your financial advisor will need information about you and your
                financial situation, philosophy and risk tolerance. Be candid about your income, debts, future obligations,
                                                                                                                                                                                                      Financial Services Representatives
                                                                                                                                                                                                      at other branches:
                and current assets.
                                                                                                                                                                                                      East Northport – Ron Rebaldo
             4. Ask plenty of questions - If you don’t understand something, make sure to ask. And keep asking until the                                                                              Nesconset – Micki Cahill
                answer is clear to you.                                                                                                                                                               Port Jefferson Station – Diane Jensen
                                                                                                                                                                                                      Rocky Point – Catherine Garnier
             5. Meet or speak regularly - To keep your financial plan moving in the right direction, your advisor needs to                                                                            Smithtown – Linda Davis
                know when important changes take place in your life. Keep your financial advisor in the loop.                                                                                         South Setauket – Donato Surace

             6. Listen - Professional advisors can draw from years of experience and help you maintain a long-term perspective on your investment plan. Take the time
                to listen to what your financial advisor has to say.

   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 (866) 512-6109. 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. FR040818-78DA




TFCU Visa Cardholders
                                                                                                                                                                                             TFCU wants to help you take control
                                                                                                                                                                                             of your finances. We’ve partnered with
                                                                                                                                                                                             BALANCE, a FREE financial fitness
Can Now Enroll in                                                                                                                                                                            program, to provide you access to
                                                                                                                                                                                             money management counseling, credit
Paperless Statements                                                                                                                                                                         report review and housing education
                                                                                                                                                                                             programs. Call 888-456-2227 or log on to
It only takes seconds to enroll! The choice is yours. Go                                                                                                                                     www.balancepro.net/partners/teachersfcu
green and elect to stop receiving your monthly credit card                                                                                                                                   for more information.
statement in the mail to conserve paper and gain greater
financial control.

View your credit card statement online – anytime, anywhere.
You’ll never miss the paper, and you’ll enjoy the benefits of this
                                                                                                                                      TFCU’s Annual Meeting
free service.                                                                                                                TFCU’s Annual Meeting will be held on Wednesday, April 27th, at 6:30 p.m.
                                                                                                                             at the credit union’s main office in Farmingville. All members are welcome.
To enroll, or for more information, please visit www.eZCardInfo.com.


                                                                                                                                                                                                     Board Of Directors
                                                                                           Convenient Branch Locations                                                         Fred H. Schaefer, Chairman        Nicholas Maletta, Vice Chairman
                                                                                           Amityville                             North Babylon                            Raymond P. Grossman, Treasurer        George L. Dornhoefer, Secretary
                                                                                           355 Broadway (Rte. 110)                1134 Deer Park Ave.
                                                                                           Bay Shore                              Oakdale                                             F. Jane Harris, Robert J. Ney, Juan C. Nuñez
                                                                                           3rd Ave. and Sunrise Hwy.              951 Montauk Hwy.                                        Mario P. Shortino, Frank D. Spencer
                                                                                           Brookhaven National Lab†               Port Jefferson Station
                                                                                           400 Brookhaven Avenue                  450 Jefferson Plaza (Rte. 112)                           Executive Management
                                                                                           Central Islip                          Riverhead
                                                                                                                                  176 Old Country Rd.(Rte. 58)            Robert G. Allen, President/CEO Thomas A. Fallon, EVP/COO
                                                                                           118 Wheeler Road
                                                                                           Commack                                Rocky Point
                                                                                                                                  561 Route 25A                                           Supervisory Committee
 2410 N. Ocean Avenue, P.O. Box 9029                                                       10 Vanderbilt Pkwy.
                                                                                                                                  Selden
                                                                                           East Northport                                                                      Ronald A. Mincio, Chairman         James F. Nohe, Secretary
     Farmingville, NY 11738-9029                                                           556 Larkfield Road                     301 Independence Plaza, (Rte. 25)
                                                                                                                                                                                     Paul E. Misut, April S. Neitlich, Robert J. Ney
                                                                                                                                  Shirley – Now Open!
         www.teachersfcu.org                                                               Entenmann’s†
                                                                                           1724 5th Ave., Bay Shore               437 William Floyd Parkway.

 631-698-7000 • 1-800-341-4333*                                                            Farmingville/Main Office               Smithtown
                                                                                                                                  1 West Main Street
                                                                                                                                                                               Convenient Loan Call Center Hours
                                                                                           2410 N. Ocean Ave.
  *Outside the Long Island, Westchester and New York Metro areas.                          Holbrook                               South Setauket                              24/7 Loan Information & Applications
                                                                                                                                  260-A Pond Path
                                                                                           5439 Sunrise Hwy.
                                                                                           Huntington                             SUNY Stony Brook                                  631-698-7000, Ext. 6790.
                                                                                           211 East Main Street                   Student Activities Center &
                                                                                           Nesconset                              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.
                                                                                           127 Smithtown Blvd.                         † Facility employees only
                                                                                                                                                                               TFCU’s Routing Number: 221475786
                                                     Check www.teachersfcu.org for all of our GREAT RATES!

				
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