Home Equity Line of Credit Try SECU online Bill Payit free by jolinmilioncherie


									                                                                                                    July/August 2004

           Home Equity                                   Try SECU’s online Bill Pay—it’s free!*
           Line of Credit                                What three little words would make
                                                         your heart beat faster? How about
                                                                                                    Log on to your Online Banking
                                                                                                    session and click on the “Bill Pay”
                RATES AS LOW AS                          “Free Bill Pay”?                           button to enroll. Your Bill Pay service

               3.5                %                                                                 will be activated about three business
                                                         We’re waiving the fees for our online      days later. After you’ve set up your
                                  APR**                  Bill Pay service now through the end       preferred payees, it takes just a few
               (See page 2 for details.)                 of 2004. This fall, you can choose         minutes to type in a dollar amount
                                                         new account options allowing Bill          and to authorize a payment.
                                                         Pay fees to be waived, so you could
                                                         continue to enjoy free Bill Pay! Look      * “Free Bill Pay” promotion in effect from July 1, 2004,

“Kids Count at SECU”                                     for more information in future issues
                                                         of SECU&You.
                                                                                                    through December 31, 2004, for all SECU online
                                                                                                    Bill Pay users.

PC winner
                                                         Bill Pay is a better way to organize and
Donavin Reid, age 12, won the Grand                      pay your bills. Avoid late fees for
Prize, a PC system, in our “Kids Count                   credit card payments, utilities and
at SECU” branch promotion. Each                          other bills by making online payments
branch also gave away a large gift                       rather than depending on the mail.
basket filled with prizes to celebrate
Credit Union Youth Week in April.                        To sign up for Bill Pay, use your
                                                         SECU Checking account and our free
                                                         Online Banking service.

                                                         New! SECU Visa rates as low as 7.99% APR†

                                                         What’s the Annual Percentage Rate          • 25-day interest-free grace period on
                                                         on your bank’s credit card? Compare          purchases
Shown, from left: Terrence Reid, his son Donavin Reid,   those rates to your SECU Visa® card.
our “Kids Count at SECU” contest’s Grand Prize winner,                                              • SECU offers VISA Convenience
and College Park branch manager Larry Duncan.            We’ve lowered our rates, so you could
                                                                                                      Checks for cards with over $500 in
                                                         save money by transferring balances
                                                                                                      available credit. Use these checks to
                                                         from your higher rate credit cards to
                                                                                                      pay off higher interest rate loans or
                                                         your SECU Visa.†
                                                                                                      credit cards and move the balances
                                                                                                      to your SECU Visa.
                                                         Our Platinum Visa offers a great deal:
                                                                                                    • Earn points that you can redeem
                                                         • Generous credit limits
                                                                                                      for merchandise or travel rewards
                                                         • No annual fee                              with SECU’s Platinum ScoreCard
                                                                                                      Visa® card. Apply now and we’ll
                                                         • No balance transfer fees
                                                                                                      waive the initial $25 annual
                                                         • Low, fixed Annual Percentage Rate†         ScoreCard enhancement fee, plus
                                                                                                      earn 5,000 bonus points when you
                                                         • No transfer fee for cash advances
                                                                                                      activate your account.
   410-487-SECU • 800-TRY-SECU                             or withdrawals at SECU branches
            SecuMd.org                                     and ATMs                                                                    (continued on page 2)
    Our newest branches                                         “Check 21”— how will this new law affect you?
    welcome you!                                                “Check Clearing for the 21st Century”
                                                                (also known as “Check 21”) is a
                                                                national law that will take effect on
                                                                October 28, 2004.

                                                                This new legislation was created to
                                                                make transporting checks between
                                                                financial institutions easier by allow-
                                                                ing the use of substitute checks. As a
                                                                result, checks will clear faster from
                                                                your account.
    Our Columbia branch in the Long
    Reach Village Center opened in March.                       Introducing substitute checks             As Check 21 regulations are final-
                                                                                                          ized, we will provide more detailed
                                                                This new legislation may change the       information on your rights and
                                                                look of checks that you receive from      responsibilities.
                                                                SECU such as check copies requested,
                                                                online images and a returned item
                                                                (or check) that you deposited.
                                                                                                          Scam e-mails ask for
                                                                Check 21 states that a copy of a check
                                                                can now be forwarded and used in
                                                                                                          personal information
                                                                the same way as an original printed
                                                                                                          The U.S. Department of the Treasury
    Our Rossville branch at 7906 Rossville                      check. These copies or substitute
                                                                                                          and the Internal Revenue Service
    Blvd. in Baltimore opened on June 21.                       checks, called Image Replacement
                                                                                                          (IRS) are warning taxpayers about
                                                                Documents (“IRD”), have specific
                                                                                                          an e-mail “phishing” scheme. Scam
                                                                guidelines defining what is a legal
    Lower Visa card rates                                       copy and what is not.
                                                                                                          artists are sending consumers e-mail
    (continued from page 1)                                                                               messages claiming the recipients are
                                                                                                          under investigation for tax fraud and
    To apply for a SECU Visa card, visit                        The Image Replacement Document
                                                                                                          are subject to prosecution.
    www.SecuMd.org and type “Visa” in                           or substitute check:
    the Search box. Or ask for an applica-
                                                                1) must have all of the original check    The e-mail message directs them to
    tion at your SECU branch!
                                                                   information,                           an official-looking website where
    †APR  = Annual Percentage Rate. Rate is determined by                                                 detailed personal information such
    application and credit history. Visit www.SecuMd.org for    2) must have legible information,
    rates and more information.                                                                           as Social Security numbers, driver’s
                                                                                                          license information and bank, credit
                                                                3) must state, “This is a legal copy of   union and credit card numbers must
        Home Equity Line of Credit                                 your check. You may use it the         be provided to dispute the supposed
                                                                   same way you would use the             tax fraud charge.
                       RATES AS LOW AS
                                                                   original check.”
                        3.5%        APR**                       All financial institutions are required
                                                                                                          Never provide personal informa-
                                                                                                          tion from unsolicited e-mails. This
    **APR = Annual Percentage Rate. Rates as low as 3.5%        to accept these items but the Federal     phishing scam is an attempt to steal
    APR. Line of credit rate is Prime minus ½% with a mini-     Reserve has not yet completed the         the individual’s identity and use this
    mum rate of 3.5% APR and a maximum rate of 18.00%
    APR; Prime rate was 4.00% as of 6/23/04 and may change.     final regulations.                        personal data to file fraudulent tax
    The rate is determined by application and credit history.                                             returns, take over financial accounts,
    Minimum initial draw is $10,000; up to 80% Loan to
    Value (LTV). Credit lines up to 100% LTV also available.
                                                                Since checks may now clear through        and even apply for loans, credit cards
    SECU pays for appraisal, credit reports and closing costs   your account much faster, please make     or other services in the victim’s name.
    on your first SECU Home Equity Line of Credit (one per      sure that your checking account has
    primary/secondary residence), subject to credit history.
    Closing costs range from $650 to $850 on a $10,000 line     available funds for all of the checks     Taxpayers who receive a suspect e-mail
    of credit. Adequate property insurance required. If loan    you’ve written. Avoid “bounced”           should call the fraud referral hotline
    is paid off within 24 months of original note date,
    closing costs must be reimbursed to SECU by borrower.       check or returned item fees—never         at 1-800-366-4484 or call the IRS at
    Consult your tax advisor for deductibility of interest.     count on “float” for checks.              1-800-829-1040.

                                                                For more information, call SECU Credit Union: 410 -487- SECU or 800 -TRY-SECU
Buy a Chrysler, Jeep                                Free online financial information
or Kia at our August                                Learn more about handling your            Real Estate Rewards
Antwerpen Car Sale                                  finances with our free online re-
                                                    sources! You may already be familiar      Learn how you can earn a rebate
                                                    with our online calculators and           check for buying or selling your home
Where can you go for a pleasant and
                                                    newsletters, including Home & Family      through our free Real Estate Rewards
stress-free car-buying experience?
                                                    Finance and the kid-friendly articles     program. Go to the Mortgage page
Antwerpen Motorcars! Choose from
                                                    and games on the Googolplex site.         on our website for the Real Estate
new and used Chryslers, Jeeps and Kias
                                                                                              Rewards link.
at our Antwerpen Car Sale on August
                                                    We’re adding information all the
13 and 14, 2004. SECU loan officers
                                                    time, so go to www.SecuMd.org and         You’ll find home buying and selling
will be on site to help you get low-
                                                    use the “News & Resources” button         tips plus links for community in-
rate SECU financing. To find out which
                                                    for the latest in financial education.    formation (schools, crime statistics
price range suits you best, call 410-
                                                                                              and property values). You can even
487-SECU or 800-TRY-SECU (option
8) before the sale, for pre-approval.               Try our free online retirement            get a free estimate of your home’s
                                                                                              property value!
                                                    planning tools
Antwerpen’s bigger selection means
more choices for you, so don’t miss                 Does retirement seem too far away to
this event! Antwerpen will increase                 save for? The sooner you get started,      NEW! Apply online for a
its inventory of quality used cars by               the more money you’ll save! Visit our
20%, just for our sale. They have used              new online retirement planning
                                                                                               SECU mortgage
vehicles for every price range, from                center, Retirement Central, to map         Now you can apply online anytime for a
$2,995 to $40,000.                                  out your retirement savings plan.          mortgage! Visit our website and click on
                                                                                               the “Loans” button or type “mortgage” in
Dates                                               Retirement Central offers a “life          the Search box. On our Mortgage page,
                                                    stages” approach to retirement plan-       click on the “Apply Online Now” button
• Fri., Aug. 13 (9:00 a.m. to 9:00 p.m.)
                                                    ning, with links to our IRA Service        to reach our mortgage application and
• Sat., Aug. 14 (9:00 a.m. to 7:00 p.m.)
                                                    Center if you want to apply for an IRA.    information section.

Location                                            On www.SecuMd.org, go to the               In that section, use the “Resources” button
Antwerpen Motorcars, Ltd.                           “News & Resources” button. On our          for links to a glossary of mortgage terms,
6440 Baltimore National Pike                        Current Promotions & News page,            calculators, explanations of fees and
 (Route 40)                                         look for the Retirement Central link.      answers to general mortgage questions.
Baltimore, MD 21228                                 Or use the link on our IRA page.

   Free hotel package
   when you buy a car
 Antwerpen Motorcars will give you
 3-day/2-night hotel accommo-
 dations for select destinations
 (including Orlando, Ft. Lauderdale,
 Palm Beach, Williamsburg, Branson,
 Las Vegas, Sedona, or Puerto
 Vallarta) when you purchase a
 vehicle with a SECU auto loan
 during this sale. Plus, enter to win
 a $250 gas card—no purchase
 Limited time offer; visit www.SecuMd.org or call
 SECU (option 8) for terms and conditions.

Visit SECU Credit Union, anytime, on the Internet: SecuMd.org
    Contact SECU                      How to cut your auto insurance premiums
    On the Internet                   SECU has partnered with Nationwide                         SECU members may be eligible for
    http://www.SecuMd.org             Insurance to provide our members                           special auto insurance rates!
                                      affordable insurance programs. Try
    By telephone                      these tips to keep your auto insurance                     For a comprehensive review of your
                                      premiums down:                                             auto insurance needs, please call the
    Call one of the phone numbers
                                                                                                 Corrigan Insurance Agency at 301-
    below and select option 8 for     • Increase your deductible to lower
    our Contact Center, Monday –                                                                 474-4111 or 410-792-8090, or send
                                        your premiums.                                           an e-mail to: corriganagency@
    Friday, 8:00 a.m. to 7:00 p.m.
    and on Saturday, from 9:00 a.m.   • As your car gets older, eliminate                        nationwide.com.
    to 1:00 p.m.                        collision and comprehensive
                                        coverages or raise the deductible.
    Baltimore area:
     410-487-SECU (7328)              • Consolidate your policies. Ask                                      Holiday Schedule
                                        about discounts if you insure both
    Other areas, toll-free:
                                        your home and your car through
     800-TRY-SECU (800-879-7328)                                                                     SECU branches and offices will be
                                        the same insurance company.
    24-hour Expressline: press “1”                                                                   closed on September 6, 2004
                                      • Add anti-theft devices such as an                            (Labor Day) and on October 11,
    24-hour loan applications:          alarm—and use them.                                          2004 (Columbus Day).
     press “3”
                                      • Secure your parked vehicle.
    Expressline-only, Baltimore:
    Expressline-only, toll-free:
     888-643-9777                     Win $100 in our “Read to Win” drawing!
    TDD, Baltimore area:
     410-487-7905                     Any SECU member who completes this                         ACROSS
    TDD, other areas, toll-free:      crossword puzzle and mails it to SECU                      1. We’re _______ our online Bill Pay fees from
                                      by August 16, 2004, will be entered into                       July through December 2004.
     888-833-7328                     a drawing to win a deposit to his or her                   6. Ireland (abbrev.)
                                      Share Savings account! The drawing’s                       7. The Treasury and the ___ are warning consumers
                                                                                                     about e-mail “phishing” scams.
                                      First Prize is $100, the Second Prize is                   9. These pieces of mesh are used by fishermen.
                                      $50 and the Third Prize is $25. Mail                       10. “Check 21” is a new ___ that will affect how
                                      your completed puzzle with your name,                          quickly checks will clear.
                                      Member Number and daytime phone                            11. Nickname for “Alexander”
                                      number to: “Read To Win Drawing,” P.O.                     15. Emergency Room (abbrev.)
    SECU Credit Union of Md., Inc.    Box 2337, Baltimore, MD 21203-2337.                        17. Earn a rebate for buying or selling your home
    971 Corporate Boulevard                                                                          through the Real ______ Rewards program.
    Linthicum, MD 21090-2337          See our website or call SECU for complete drawing rules.   20. Use your SECU _____Visa® card to transfer
                                      Please do not include deposits or forms with your entry.       balances from higher rate bank cards.

    Board of Directors                1      2             3            4     5
                                                                                                 1. Stop by our Antwerpen Car Sale and enter to
    John D. Kenney, Chairman;         6                                 7            8               ___ a $250 gas card; see page 3 for details!
                                                                                                 2. Call SECU’s Contact Center at 800-TRY-SECU
    Donald Tynes, Sr., Vice Chair-    9                                 10                           (option 8) outside the greater Baltimore ____.
    man; Mark A. Reger, Treasurer;                                                               3. We’ve lowered the rates on our ____ credit cards!
    Janet Q. Bacon, Secretary                             11     12                              4. Major river flowing through Egypt
                                                                                                 5. SECU’s credit cards offer a 25-day _____ period.
                                      13                                      15     16
    Directors: Dr. John W. Dorsey,                  14
                                                                                                 8. Southwest (abbrev.)
    Ellen C. Gardner, Timothy G.      17                  18            19
                                                                                                 12. Piece of land with fixed boundaries
    La Valle, John G. Luber, Gayle                                                               13. Buy a Chrysler, ___ or Kia at our Antwerpen Car
                                                                                                     Sale on August 13 and 14.
    M. Seward; Directors Emeritus:                                                               14. Street (abbrev.)
    Major Melvin W. Fisher, M.                                                                   16. Quantity of paper, usually 500 sheets
    Lorraine Hebrank and Henry        20
                                                                                                 18. Very appropriate, quick to learn
    A. Heinmuller, Jr.                                                                           19. Length of time too long to measure

                                      Please print: Name __________________________________ E-mail address_________________________________
                                      Member Number ______________________ Daytime Phone Number ( ________ )______________________________


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