Quarter 4, 2009 FAA First Federal Credit Union Sharon Bambi Score a Low Rate Auto Loan with FAA First and Enter to WIN PRIZES! Don’t get blitzed by high rates elsewhere, let the team at FAA First help save you money on your next auto loan. With our low rate auto loan, you’ll reach the end zone with ease with the following game plan: • Low, fixed rates as low as 4.74% APR* • No pre-payment penalties • Flexible terms up to 84 months • Options to defer first payment up to 90 days2 • 0.25% discount for automatic payments (Autopay)1 Win Game Day Prizes: Finance or refinance an auto loan with FAA First and be entered to win one of these great ‘game day’ prizes:3 One - Grand Prize Three - 1st Place Prizes Ten - 2nd Place Prizes SIRIUS XM Satellite Radio 1 year $50 gift card subscription plus a player 52” HDTV Listen in on all the NFL action with Watch your favorite team play on Sport your favorite team’s gear at your own satellite radio! a large screen HDTV! your tailgate party! Go Green and Save an Extra .25%! Get an extra .25% APR discount when you finance or refinance a new or used fuel-efficient vehicle.4 That cost reduction on top of our .25% Autopay discount will be a saving of .50% on our already low rate auto loan. Get in the game today! Visit www.faafirst.org or call 800.421.7111. Hurry this offer expires November 30, 2009! *APR= Annual Percentage Rate. Published rate as of 09-30-09, and is subject to change anytime. Visit www.faafirst.org for most recent rates and balances. Rates, terms and loan amounts are based on approved credit and determined by a managed risk program. Auto loan term example for a new auto: a $15,000 loan at 4.74% APR requires 48 monthly payments of $343.72. 1Rate stated above includes 0.25% Autopay (automatic payment) discount. For additional information about auto loan rates and terms, please visit www.faafirst.org and follow “rates” link on the navigation bar. 2First payment may be delayed up to 90 days after the loan is funded. Interest will start to accrue on the day the loan is funded and may increase the term of the loan. 3 Offer excludes refinancing of existing FAA First loans. FAA First reserves the right to withdraw or extend this offer at any time. PRIZE SWEEPSTAKES OFFICIAL RULES: NO PURCHASE OR PAYMENT OF ANY KIND IS NECESSARY TO ENTER OR WIN THIS SWEEPSTAKES. A PURCHASE WILL NOT INCREASE YOUR CHANCES OF WINNING. To enter the Prize Sweepstakes (the “Sweepstakes”), you must be a lawful permanent resident of the United States, 18 years of age or older with a unique, personal and valid social security number and must not be considered a minor in your state of residence. Employees of FAA First Federal Credit Union (the “Sponsor”) and their dependents, immediate family members and members of their households (whether related or not) are ineligible to participate in this Sweepstakes. The Sweepstakes begins at 12:00:01 a.m. (Pacific Time [“PT”]) on September 1, 2009 and ends at 11:59:59 p.m. PT on November 30, 2009 (the “Sweepstakes Period”). 1. Finance or refinance an auto loan from another lender with FAA First. 2. To enter with no purchase or payment: On a plain 3” x 5” card, legibly handprint or type your name, age, complete address, city, state, zip code, home and business phone numbers (including area code), email address (if any). Then, mail your 3” x 5” card in a postage-affixed sealed envelope to: FAA First Federal Credit Union, RE: Auto Loan Sweepstakes,14600 Aviation Blvd, Hawthorne, CA 90250, ATTN: Marketing Department. Mail entries must be postmarked by November 30, 2009 and received by December 7, 2009. Limit one entry per person. Potential winners will be selected from all eligible entries received and/or credited in a random drawing held on or about December 15, 2009. The potential winners will be notified by phone, email or mail. If a potential winner cannot be reached within seven days from the first notification attempt, then such person shall be disqualified and an alternate winner will be selected. For detailed sweepstakes rules, visit www.faafirst.org and click on the auto loan offer banner. FAA First is not affiliated with above institutions and is not responsible for damaged products or any warranties. For more information about products/product warranties, contact product manufacturer for terms and conditions. This sweepstakes are subject to all applicable federal, state and local taxes. Only vehicles that get 30 miles per gallon or better are eligible. 4 MESSAGE FROM THE PRESIDENT/CEO Eileen Rivera Weathering the Mortgage Crisis The mortgage crisis has affected many, if not all, homeowners in one way or another. And we know our members are feeling the pinch of the struggling economy. In fact, over 1.5 million properties in the U.S. had a foreclosure filing from January 2009 to July 2009*. FAA First is here to help. We don’t want you to lose your home due to a foreclosure action. Call us at the first sign that you may not be able to make your monthly mortgage payment. We can even connect you with BALANCE, a free financial education and counseling service available to FAA First members. A counselor at BALANCE can assess your current financial situation, suggest possible budgetary adjustments you can make, and discuss options for your mortgage and how to approach your lender. If you find yourself worrying about making your next monthly payment, here are some steps you can take. Start by comparing your monthly expenses to your monthly income and identifying some changes in spending habits that you can make to ensure you’re not spending more than you’re earning. Then contact your lender as soon as possible once you realize you’ll still have difficulty making payments. Lenders don’t want to foreclose on your house. There are options available to help you through difficult financial times. Give your lender the opportunity to discuss your options with you. Possible options include modifying the terms of the existing loan, making lower payments for a period of time, repaying delinquent payments through a repayment plan, refinancing, or even selling the house. Oftentimes, consumers wait until it’s too late for the lender to help and the damage to their credit score is done. Take charge early and you’ll have more options available to help save your credit score and your home. As always, we welcome your call and are here to help you get back on your feet. To speak to a counselor at BALANCE directly, call 888.456.2227. And for more information on how to avoid foreclosure on your home, visit www.hud.gov and click on ‘Avoid Foreclosure.’ * Source: The RealtyTrac U.S. Foreclosure Market Report Glad You Asked Do you have a rewards program with your FAA First VISA® Credit Card? Yes, we do. The FAAst Flight Rewards program earns one (1) point for every dollar on purchases you make with your FAA First Platinum VISA®. There are no restrictions on the airline, hotel, vehicle rental, cruise or travel package you choose. Best of all, there are no blackout dates, so you can use your travel points during the holiday season to visit your family and friends. Use your FAA First Platinum VISA® for your holiday shopping and earn points toward your next vacation! To learn more about FAAst Flight Rewards, visit www.faafirst.org. Sir George Cayley, a nineteenth century English baronet, is remembered as the “father of aeronautics.” He conducted the first real experiments designed to uncover the basic principles of flight. He discovered that the arched shape of a bird’s wing was one of the secrets of bird flight and reasoned that a similar shape on a fixed-wing machine might likewise allow it to fly. Cayley designed, built, and flew the world’s first model glider in 1804. Identity Theft: Don’t Let Identity Theft Spoil Your Holidays. With the holiday season fast approaching, consumers are entering into the most active spending period of the year. This is “high season” for identity theft with identity thieves seeking to take advantage of shoppers. Skilled identity thieves may use a variety of methods to get a hold of your information. Fortunately there are preventive measures you can take to substantially reduce the chance of identity theft occurring. Below are some pointers to help you keep your credit safe and sound: • Use a single credit card to consolidate your purchasing. It is easier to monitor a single statement for signs of fraud. Examine the charges on your credit card statements every month when your bill arrives. • Be sure to write “SEE ID” on the back of your credit card. This simple step can help to foil thieves if the card is lost or stolen, and might even help to catch the thief if your card is taken. • Shop on secure sites only. Stick to sites that you know are legitimate. Enter personal and financial information only when there is a “lock” icon on the browser’s status bar and look for the URL to read “https” versus “http”. • Watch out for emails that ask you to “verify” account information such as login and password or request a donation or assistance for the less fortunate during the holidays, as well as fraudulent calls from scammers that seek to exploit consumer concerns over fraud by seeming to offer fraud prevention assistance. Legitimate vendors will not ask for your login and password via email or on the phone. • Be careful when using ATMs. Be aware of people behind you at the ATM, or anywhere else you swipe your card or enter your PIN. As an FAA First member you have two programs to help you protect your identity. You have a complimentary access to BALANCE Financial Fitness Program in our affiliate network where you can access educational materials and tools on preventing or recovering from identity theft. We’ve also partnered with Deluxe ID TheftBlock®, a service that monitors and reports the activity on your credit file, and warns you if anyone tries to open an account in your name. For only $4.49 a month you can sign up for Deluxe ID TheftBlock® and start protecting your good credit and your name. To learn more about BALANCE or ID TheftBlock®, call us at 800.421.7111. Changing your PIN is just a phone call away. Did you know that you can now change the Personal Identification Number (PIN) on your FAA First ATM or Debit Card? Changing your PIN is fast and easy — just follow two simple steps: 1. Call the Credit Union at 800.421.7111 and request your current PIN to be mailed to you; inside the PIN mailer will be a reference code. 2. Once you have the reference code, call 800.503.9249 from your home phone and follow the prompts. That’s it! Once you’ve changed your PIN, you can start using it right away. If you have any questions, call our member service center at 800.421.7111. Administrative Headquarters Plus, receive a 14600 Aviation Boulevard Home Equity Line of credit as low as Hawthorne, CA 90250-6656 4.49% APR* $100 Gift Card T: 310.491.7500 F: 310.491.7400 Telephone Service Hours: to The Home Depot® when your loan is funded* Weekdays 7:00 a.m. to 4:00 p.m. Member Resource Center Hours: Weekdays 8:00 a.m. to 4:00 p.m. Itching to give your home an upgrade? Great Lakes Regional The weather is beautiful, the power tools are ready, and Office and ATM the “do-it-yourselfer” in you is eager to jump-start your 2300 East Devon Avenue - Main Lobby Des Plaines, IL 60018-4696 remodeling project. With rates as low as 4.49% APR* Weekdays 7:00 a.m. to 3:00 p.m. on our Home Equity Line of Credit (HELOC) plus a Closed for lunch: 11:00 - 11:45 $100 Gift Card to The Home Depot®1 to boost Northwest Mountains your buying power, now is the perfect time to get started. Regional Office and ATM 1601 Lind Avenue SW, Suite 116 That’s not all — our HELOC can also help you finance other important needs, such Renton, WA 98057-3357 as consolidating your bills, providing a cushion for emergencies, or even financing Weekdays 7:00 a.m. to 3:00 p.m. your children’s college tuition. Closed for lunch: 10:30 - 11:15 Western Pacific Regional No-fuss application, fast funding, and great savings. Office and ATM With our easy application and affordable terms, you are in control: 15000 Aviation Boulevard, Room 1001 Lawndale, CA 90261-1000 • Borrow only what you need — and maintain an available fund for a rainy day Weekdays 7:00 a.m. to 3:00 p.m. • Keep payments manageable — a cash source for up to 7 years plus terms Closed for lunch: 10:45 - 11:30 up to 15 years • Save money — our affordable rate includes a .25% Autopay discount2 • Enjoy tax advantages — be sure to consult your tax advisor Mark Your Calendars • Have peace of mind — a reliable solution to pay for the important projects in life FAA First Offices will be closed to observe: Columbus Day Apply today! Monday, October 12 Call us at 800.421.7111 and get started today. Apply by November 30, 2009, and Veterans Day we’ll give you a $100 Gift Card to The Home Depot® when we fund your home Wednesday, November 11 equity line of credit!1 Thanksgiving Day Thursday/Friday, November 26/27 *APR=Annual Percentage Rate. Rates are effective as of September 30, 2009 and are subject to change without notice. Rate quoted above is for a Home Equity Line of Credit (HELOC) and is adjustable monthly and based on an 80% LTV. Maximum APR is 18%. Christmas Day Estimated closing costs range from $200 to $800, but could be higher based on the loan amount and the state where the property is located. Proof of homeowners’ and flood insurance, if applicable, is required prior to funding. $50 Annual Fee is applied each year on Friday, December 25 January 1 and thereafter until the line of credit is paid off and closed. Applicant may be subject to additional third party fees and closing New Year Day costs based on the state the property is located. Term example: a $100,000 line of credit at 4.49% APR requires 180 monthly payments of $764.69. 1A $100 The Home Depot® Gift Card will be mailed to you 14 business days from the day that your HELOC with FAA First Friday, January 1 FCU is funded. HELOC applications that do not result in funding are not eligible for the gift card. Limit one gift card per funded HELOC account. Promotion ends November 30, 2009. FAA First Federal Credit Union reserves the right to change or cancel the promotion FAA First Website www.faafirst.org at any time. FAA First FCU is not affiliated with The Home Depot®. The Home Depot® is not a sponsor of this promotion. The Home Depot® is a registered trademark of Homer TLC, Inc. 2Without Autopay, the HELOC rate is 0.25% higher than the stated rate. For more Toll-Free Number 800.421.7111 information about rates and terms, visit www.faafirst.org or call 800.421.7111. FAAst FONE 800.523.9164 Report Lost FAAst Access Debit Card 800.754.4128 Board of Directors FAAst Access ATM Card 800.421.7111 M. Wayne Lynch, Chairman Management Team VISA® Credit Card 800.682.6075 John G. Clancy, Vice Chairman Eileen C. Rivera Frank P. Cantrell, Treasurer Credit Card Fraud Prevention President/CEO 800.411.8498 within the U.S. Jeri Alles, Recording Officer Lourdes Ruano 206.352.3516 outside the U.S. Malachy T. Coghlan, Director Willoughby E. Henshaw, Director Vice President, Finance & Operations Your comments or questions regarding Douglas R. Murphy, Director Ralph E. Ruiz Jr. this publication are welcome. Vice President, Marketing & Technology Simply call or write the Editor at Supervisory Committee email@example.com Theodore P. Byrne, Chairman Richard N. Fossier, Secretary Antonia L. Garcia Rick R. Thompson 250 Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.
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