Car Shopping Learn to Buy Smart

WWW.MAUMEEVALLEYCU.COM FOR MEMBERS OF MAUMEE VALLEY CU SUMMER 2009 Car Shopping? Learn to "Buy Smart" WHAT'S INSIDE Auto financing can be pretty straightforward, simply calculating a loan amount using the price of the car and an interest rate and term. Lately, the auto trade f f VISA Travel Money Card Paying High Interest Rate On Your Car f f f f Vacation Skip-A-Pay Money Troubles Cedar Point Pricing New VISA Platinum Credit Card has come up with some pretty fancy deals to "get you into the driver's seat," so it's worth knowing what is behind those deals that might -- or might not -help you save money. * 0 % Financing - What could be more appealing than no interest on your auto loan? Before you sign up for 0% financing (if you even qualify - only those with the best credit usually do), ask if you qualify for the rebate and other incentives when saying "yes" to 0% financing. If not, do the math calculating the rebate combined with the lowest rate offered by your Credit Union. You may just come out ahead in the long run. * Longer Term - Beware of concentrating on monthly payment only. If the monthly payment that fits into your budget means a longer term, you may want to take a closer look. A longer term means you will pay more interest over the life of the loan. However, if you make additional payment amounts above your normal monthly payment, your interest will be less at the end of your loan along with decide to trade in another purchase off, you may find owing more on the a shorter term. If you your car to make before the loan is paid yourself "upside down," loan than what the car is Two Locations For Your Convenience f Toledo Office 28 Fearing Blvd. North Toledo, OH 43607 (419) 382-4071 (800) 890-7931 Fax: (419) 381-9784 f Perrysburg Office worth. Remember, some models of cars depreciate pretty quickly. * The Rollover - If you find yourself in the situation described above, the dealer may take your car in trade all right but will "roll over" the remaining debt on the trade-in into the new loan. Then you'll be paying for the new car plus the trade-in, a car you no longer even own. If you were "upside down" before, the rollover may be forcing you to do some tricky financial acrobatics. Car buying should not be scary. Armed with information, such as book values and pre-approval from your credit union you can put yourself in control of your financial choices. We encourage you to give MVCU a call before you start your auto shopping. 72 month New Auto Loan is as low as and terms. 1070 Commerce DR. Bldg. 4, Suite A Perrysburg, OH 43551 (419) 872-1201 Fax: (419) 872-1463 MATT- (Phone Response) (419) 381-2447 or 381-24HR Web Page Address: http://www.maumeevalleycu.com E-Mail Address: mvcuweb@accesstoledo.com 4.99%apr. We also match rates Vacation Skip-A-Pay once again offering its Vacation Skip-A-Pay program. If you have T o help our members with vacation budgeting, MVCU is convenient and so easy. These cards are reloadable and members are loving them. Check out our new VISA Travel Money Card, a safer, more convenient way to travel. T a loan with MVCU and have he VISA Travel Money Card has replaced Travelers Checks. Pick one up for your Summer travels. It's safe and been current on your payments, you are eligible. With Vacation Skip-A-Pay you can choose to skip either your July or August 2009 payment. It's your choice! You'll be receiving Skip-A-Pay letter in the mail soon. Just complete the necessary form and return it to the credit union. Are You Paying A High Interest Rate On Your Car? auto loan to MVCU from another financial institution or dealer financing and you'll receive this great rate. That's right! Just 5.99% apr. The best thing about this rate is I f you're paying more than 5.99% apr* on your auto loan somewhere else, you're paying too much. **Transfer your Money Troubles? Let's Talk About It It's easy to feel all alone when money troubles hit. Serious trouble may be as rare as a job layoff or as commonplace as credit card debt. So, even if your rough situation is new for you, remember that it's one we're very familiar with. We help members like you -with problems just like yours -- every day. Don't wait for things to get worse. Call us. Whatever your financial challenge, we can help. that it is not binding on your credit score, you'll receive this rate just for transferring your auto loan to us. And also, it is on any make and We can even current term Call today and advantage of opportunity to payment and hundreds in We'll do all you. model year. keep your the same. take this great reduce your save interest. the work for Cedar Point and Toledo Zoo Pricing Check out MVCU's Amusement Park Discount Savings Cedar Point: AnyDay tickets: $35.00 Save Junior/Senior Tickets $17.00 Save Soak City Tickets $24.00 Save Toledo Zoo Adult Junior/Senior *annual percentage rate --- **subject to credit approval Midnight Access Teller Terminal -- MATT Is Changing Soon Please note that we are improving our voice response system known as MATT in the near future. Some menu changes may occur with the new system. We'll keep you posted on these changes as time goes. $8.99 $2.99 $5.99 $9.00 $7.00 Save Save $2.00 $1.00 The savings shown are $$ off of the gate price. MVCU Mortgage Corner O n March 4th President Obama announced the Making Home Affordable Programs. We are finally seeing these programs come into play. Right now you can refinance your home up to 105% of the appraised value if you currently have a Fannie Mae mortgage. This new refinance program is making it possible for many to be able to refinance into a low fixed rate even if your home has lost some of its value. For now, results are showing that if you are currently paying Private Mortgage Insurance (PMI), chances are you will not be able to go above 90% loan to value. Hopefully PMI companies will expand their guidelines soon; in the meantime for those of you who are not paying PMI you can go up to 105% of the appraised value. Rates are the lowest they have been in years, so now is the time to consider refinancing. If you have a current mortgage rate at or above 6% or are in an Adjustable Rate Mortgage (ARM), call MVCU to see what you could save by refinancing. For those who don't own homes but have been thinking about purchasing, there is no time like the present. Home buyers are receiving some of the best interest rates in history, house prices are low, and there are great tax incentives for first time home buyers. Call MVCU today to get free pre-approval. You can also call our mortgage representative Liz Terwilliger at 419-931-9011, to get more details on all other mortgage products that we offer. Remember, you can run your credit report at www.annualcreditreport.com, you can do this for free once a year and it does not put an inquiry on your credit. National Amusement Cinema Movie Tickets On Sale CU price is $8.00 compared to the door price of $10.00. SAVE $2.00 per ticket Visa's 24 Hour Phone Lines for Balances and Lost or Stolen Cards 1-800-808-7230 1-800-991-4964 weekdays weekends & after hours MasterMoney Check Card 24 Hour Open A MVCU VISA Platinum Credit Card Today And Avoid High Bank Rates Phone Line for Lost or Stolen Cards 1-800-523-4175 Also be sure to notify the CU office ASAP if you lost or have had your card stolen. B anks and Credit Card issuers are increasing rates on their credit card products and changing from fixed rates to adjustable rates. Most of the adjustable rates are tied to such indexes as the Wall Street Journal Prime Rate. How this works is Banks and Credit Card companies will take whatever the Prime rate index is and then add a margin to it and that will be your rate for a particular period. One time it could be 20% then the next time it could be 29%. Would you want to carry a card that would continue to fluctuate like this? Check out MVCU's fixed rate Platinum Credit Card, rates are as low as 7.9%. Our rates are based on your credit score and reviewed annually. You can apply online at our website - www.maumeevalleycu.com or call one of offices for an application, we'll be glad to mail you one. Want More Than Free Checking A MVCU Free Checking Account comes with nothing to hide and plenty of benefits. There really are no monthly service charges, regardless of your balance. You also get FREE access to MVCU's Online Banking and Bill Payment service. You get an additional peace of mind by having MVCU's overdraft protection, Courtesy Pay (subject to approval) added when you open your checking account. Apply today! Holiday Schedule Closings Independence Day Saturday, July 4 Labor Day Monday, September 7 Columbus Day Monday, October 12 Veterans Day Wednesday, November 11 Equal Opportunity Lender Toledo Office: Phone Number: 419-382-4071 Monday, Tuesday, Thursday 9:00 to 4:30pm Wednesday 9:00 to 1:00pm Friday 9:00 to 5:00pm Saturday Closed Perrysburg Office: Phone Number: 419-872-1201 Monday, Tuesday, Thursday 10:00 to 5:30pm Wednesday Closed Friday 10:00 to 6:00pm Saturday 9:00 to 1:00pm Members' accounts are not insured or guaranteed by any government or government sponsored agency.