chronicle FEBRUARY/MARCH 2007 | VOL. 16, No. 7
An Educational Newsletter for Members of New Mexico Educators Federal Credit Union
“Protecting and nurturing the
health and safety of our
children should always be of
the utmost importance.”
Take your first step toward
investing, p. 6.
New Mexico Educators member Ian Wilson and his son Andrew at the offices of MADD New Mexico.
PROTECTING CHILDREN FROM ALCOHOL ABUSE
Three years ago, when Ian Wilson “My children’s safety has been my
departed Special Olympics New main motivation throughout my
Mexico to take on the new position tenure with MADD,” Wilson said.
of Development Manager for “The loss of my daughter when
MADD New Mexico, he quickly she was just one-year-old, due to a
President’s Message . . . . . . . . . . .2 understood the need for the heart condition, is a constant
Your Security . . . . . . . . . . . . . . . . . . .3 lifesaving programs MADD has reminder that protecting and
implemented. “I was amazed to nurturing the health and safety of
Industry Info . . . . . . . . . . . . . . . . . . .4 see how diverse the organization our children should always be of
Home Zone . . . . . . . . . . . . . . . . . . . . .5 really is,” Wilson said. “Many the utmost importance.”
perceive MADD as being a female
Investments . . . . . . . . . . . . . . . . . . . .6 organization. In fact, that’s not Any parent would be concerned
true. The ‘mothers’ aspect about statistics like this: the
Personal Finance. . . . . . . . . . . . . . .7
represents anyone – women, men, national average age for first
Financial Technology . . . . . . . . . .8 aunts, uncles, brothers, sisters – contact with alcohol is 11 to 12.
who wants to take a role of Research shows that in order to
Lifestyles . . . . . . . . . . . . . . . . . . . . . .10
responsibility when it comes to be effective in any prevention, you
Community Investment . . . . . .11 the DWI issue in our state. MADD need to start five years prior to
serves a very diverse population first contact, which would be the
Member Benefits/Calendar . .12
of victims, officers, judicial 1st grade.
systems and New Mexico youth.
M A D D ’ s “ P r o t e c t i n g Yo u /
A victim is not only the person
Protecting Me” (PYPM) program
who was hit by a drunk driver, but
for 1st through 5th grade students
anyone who has been impacted
trains elementary school teachers
personally by DWI or underage -
in adolescent brain development
drinking.” continued on page 9
The power of WE.
Predatory lending practices are money management principles at
receiving plenty of media attention home.
these days. People who don’t
have a good grounding in money Your Credit Union is committed
management can be lured into to counteracting these statistics
a downward spiral of debt. The and helping our members steer a
national trends are of genuine clear course to financial well-being.
concern to those of us in the credit With enough information, you
union movement. can better defend yourself against
unscrupulous lenders. We provide
Another challenge for American numerous money management
families is that the majority of courses to public schools and
college seniors have four or more colleges. Our Web site is filled with
credit cards, and the average college useful information you can put to
senior carries a balance of $3,000. work immediately to help manage
Ten percent of college students have your finances. And you can also
Your Credit Union more than $7,000 of debt, and many take advantage of our free evening
college students pay more in interest seminars throughout the year. They
is committed on their credit cards than on their cover such topics as buying your first
to helping our student loans. home, basic investing, and designing
your retirement income.
members steer a According to a November 2006
clear course to report by the Center for Responsible Our Financial Consultants are a
Lending, U.S. consumers are paying free resource to you as you tackle
financial well-being. as much as $4.2 billion annually in your family finances, and if you need
the steep fees on payday loans. To assistance with debt management,
pay back a $325 loan, the average you can also take advantage of
payday loan borrower pays a total of BALANCESM financial counseling.
$793. The average annual interest This additional no-cost service can
rate on such loans runs about 400%, assist you with a debt repayment
according to the study. plan and bankruptcy prevention.
Without serious effort, the prospects “Financial literacy” is a movement
for turning these trends around are in which New Mexico Educators
not encouraging. The Jump$tart intends to be a primary player. It’s
Coalition for Personal Financial rooted in our basic credit union
Literacy says high school graduates principle of “people helping people.”
possess very little knowledge about We have the knowledge and the
personal financial skills. Most don’t expertise to share with you. I hope
understand the basic financial you will continue to benefit from all
concepts of earning, spending, we have to offer during 2007.
saving and investing. The Coalition
also found that parents often avoid
talking to their children about
budgeting and saving, partly because Terry Laudick
of their own failure to apply sound President/CEO
Peace of mind.
PHRAUD TAKES NEW PHORMS
Technology brings us all kinds of convenience and and dangerous for recipients because they may be
entertainment. It also creates new ways for crooks more likely to click on links, bypassing anti-virus
to take advantage of consumers. The scams and the software available on computers. Block messages
lingo change all the time. Here’s an abbreviated from anyone not on your buddy list as a defense.
technology fraud dictionary to keep you in the SPOOF. A spoof is an attempt to fool. Web spoofing
know: is the act of secretly tricking your Web browser into
PHARMING. This secretly plants a virus or talking to a different Web server than you intend.
malicious program in your computer and hijacks E-mail spoofing involves forging an e-mail header
your web browser. Pharming crimeware misdirects to make it appear as if it came from somewhere or
users to fraudulent sites or proxy servers. When you someone other than the real source. Either can trick
type in the address of a legitimate Web site, you’re you into supplying information to an unintended
sent to a fake site without knowing it. If you give recipient.
your password or account information on the fake If you hold your mouse over a link, the status line
site, thieves will use your account fraudulently. displays the corresponding URL (Web address). Be
PHISHING. In this scam attempt, you receive an suspicious if the status line URL is different from
e-mail prompting you to reveal personal details what you think you should see. If Web pages you’re
– say, your Social Security number, passwords, or familiar with suddenly prompt you to fill in private
credit card information – by clicking on a link to information, think carefully before you comply.
a bogus Web page mimicking that of a legitimate If possible, call or send mail to the official source
company. These e-mails and linked sites used to have to verify that this change is legitimate. As always,
an amateurish look that was easy to spot; now, they when in doubt, do not enter any information you
often are indistinguishable from the real thing. feel uncomfortable providing.
A clear tip-off that it’s a fake: typically the greeting VISHING. Vishing uses Voice over Internet Protocol
will be generic and not addressed to you by name. (VoIP) phones instead of a misdirected Web link
Another characteristic is a sense of urgency or to steal your personal information. Instead of an
alarm, say, that your account is about to be closed. e-mail blast, the thieves use a “war dial” attack
Delete the message and report it to the Credit Union over a VoIP system to blanket an area. A recorded
or other financial institution immediately. message tells you, for example, that your credit card
PRETEXTING. This isn’t new, but another scam has been breached and tells you to call a number
aided by technology. Sometimes referred to as “social immediately. The number connects to a VoIP phone
engineering,” it occurs when someone tries to get that can recognize telephone keystrokes. When
personal private information without authority to you dial, another message states “this is account
do so. The scammer may ask for private information verification; please enter your 16-digit account
while impersonating an accountholder by phone, number.”
mail, e-mail, or even by phishing – using a phony The same rules apply – don’t bite, and notify the
Web site or e-mail to collect data. “vished” entity right away. Even caller ID can be
SPIM. Spim is spam – unsolicited bulk e-mail spoofed, so don’t think you’re secure if you believe
– delivered by IM, instant messaging. Not yet as the number looks legitimate. A similar telephone
common as spam, it reaches more people all the message can arrive by e-mail – again, don’t bite.
time. IM can be especially useful for spammers Source: National Credit Union Association
WATCH FOR DISCLOSURE SIGNS AT CHECKOUT
If you write checks, you’ve probably experienced an
electronic check conversion. Now you may notice
new disclosure signs – both at checkout and on your
statement – because of recent amendments to
Reg ulation E, which governs these types of
transactions. happen soon – perhaps that day. If your check is
going to be converted electronically, the merchant
Check conversion – the process of converting the must post a prominent and conspicuous notice at
payment you make by check into an electronic the point of sale and must provide a written copy of
payment – isn’t new. It’s been in place for more the notice at the time of the transaction – usually
than five years. It results in speeding up the on your receipt.
transaction process as well as increasing the
security of your payment. For account receivable conversions – such as when
you mail a check to pay your credit card or public
What is new is an amendment to Regulation E that utility bill – you’ll see the new notice on your billing
requires merchants to do certain things: they must statement or invoice.
inform you that an electronic transfer from your
account will occur, and that the withdrawal may Source: Credit Union National Association
INTERNET BANKING SERVICE NOW AVAILABLE AT MORIARTY ATM
The CU Anytime Network has installed its first
full remote Access Center. It’s located in the
parking lot of the ALCO department store, 1411
Route 66 in Moriarty. From I-40 East, take the
first Moriarty exit; turn left onto Old Route 66.
The kiosk is about 1/4 mile east on the north
side of the road.
You can access and manage your New Mexico
Educators accounts via the Internet at the
Access Center terminal. The adjoining ATM
accepts deposits as well as dispensing cash in
Other recently installed no-fee CU Anytime
• ALBUQUERQUE – 2137 Carlisle NE, at
Conoco station just south of I-40
• GALLUP – 1383 N. Highway 491
to meet your needs.
CHECK YOUR CREDIT BEFORE APPLYING FOR A MORTGAGE
A credit report is a sort of fiscal fitness statement
of your credit habits. It names your credit accounts,
identifies them by type and tracks balances, credit
limits, payments, available credit, open-or-closed
status and other information that reveals how well
or how poorly you pay each account. The report
also documents credit requests and notices of liens,
judgments and other “derogatory” remarks, remarks
from the consumer, and other information.
When you apply for a mortgage or other credit, the
creditor takes a look at your credit report, among
other documents and data, to determine if you
qualify for credit and to determine how much credit
it will grant you. Consequently, it’s a good idea to uninformed or misinformed about their credit
keep tabs on your credit report so you can correct scores, two things are rarely mentioned:
any mistakes that could adversely affect your
application, and to take steps to improve your credit • Make sure that your mortgage broker is aware of
whenever possible. An unblemished credit report the existence of different versions of software used
not only gives you fast access to credit, you also for the various scoring systems. Older versions
pay less in interest than you would if your report can produce lower scores than the newest, up-to-
contains blemishes. date version, and many resellers of credit reports
never bother to disclose this to the broker, much
But beware of “impostor” Web sites that pose as “free less the consumer.
credit report” Web sites, which are questionable
marketing gimmicks designed to enroll you in • Consumers shopping for a home loan who request
credit-report monitoring and other credit services their own credit scores are not going to be given
in exchange for granting you your “free” credit the same mid-score they would be given in a tri-
report. merge credit report produced for a mortgage
broker, which is usually lower.
Under federal law, official, free access to your credit
report is available through many options: When you’re ready to take the first step in home
• Web site: AnnualCreditReport.com ownership, or if you’re moving up to a better home
• Request form on the Federal Trade Commission’s or would like to refinance your existing mortgage,
Web site: www.ftc.gov. contact the Mortgage Professionals at New
• Phone: 877-322-8228 Mexico Educators Federal Credit Union. You’ll
• Mail: Annual Credit Report Service receive professional advice and prompt, courteous
P Box 105281, Atlanta, Ga. 30348-5281
.O. assistance. Call 855-5950 (800-347-2838 if you live
outside the Albuquerque area). You can also apply
Keep in mind that a credit report is not the same for a mortgage securely online anytime day or night.
as a credit score, which is a numerical analysis of Go to: www.nmefcu.org and select “Loans” in the
your creditworthiness at a certain point in time. left column.
Your credit score is not available under the free
report provision. While it’s true many people are Source: MarketWatch
START INVESTING EARLY
By deciding you want to start investing, you’re meeting your insurance needs, to building a “nest
taking the first step toward building a more egg,” establishing an IRA and developing a long-
financially secure future. Of course, once you’ve range retirement plan.
made the decision to invest, you immediately face Because we sell no proprietary investment products,
some important questions. New Mexico Educators Investment Representatives
You’ll need to decide how much money you can act in your best interest, which means you can expect
afford to invest, how much money you should keep our advice to be objective, fair and honest. You
in your savings and checking accounts, and which can call 872-5420 (800-347-2838 if you live outside
investments are right for you. The truth is, today’s the Albuquerque area) for a no-cost, no-obligation
wide range of alternatives can be confusing for consultation with the Investment Resource Group,
novice and seasoned investors alike. a division of New Mexico Educators Federal Credit
Why are there so many choices today? Because there Union.
are so many different types of investors. Your needs
*Investment products and services offered through CUSO
for safety, liquidity, growth and income are not the
Financial Services, L.P (CFS) are not NCUA/NCUSIF insured,
same as your neighbors’ needs. Not all investors not Credit Union guaranteed, and may lose value. Investment
have the same goals, tax issues, financial resources Professionals are employees of New Mexico Educators Federal
or even the same attitudes about risk and reward. Credit Union (NMEFCU) and registered through CFS. NMEFCU
is in partnership with CFS (member NASD/SIPC). For specific
Of course, the real answer is that no matter how tax advice, please consult a qualified tax professional.
much, or how little, you plan to invest, a financial
plan built just for you is the best way to reach your
long-term financial goals. Before our Investment
Representatives, registered through CFS,* help
clients invest their money, we make sure you
have an adequate contingency fund set aside for
emergencies. We also make sure your life insurance
needs have been fully addressed.
Here’s an example. If your goal is to accumulate
wealth, then like most investors, you would probably
want to defer paying taxes until a later date.
That’s why many first-time investors start with 1 5 10
tax-advantaged accounts such as IRAs, Custodial
Accounts, 529 Plans, Annuities, Trusts and, of THE POWER OF COMPOUNDING
course, their Employer’s Qualified Retirement If an investment returns 8% per year and its earnings are
Plan. reinvested annually:
After one year, your total return will be 8%*
We can also help you prepare for life’s most After five years, your cumulative total return will be 47%*
important events, such as marriage. Starting a After 10 years, your cumulative total return will be 116%*
life together can be an overwhelming experience.
But it’s also the perfect time to plan much more *Figures quoted are for illustrative purposes only and are not necessarily
than your wedding. The decisions you make today indicative of past or future results for any specific investment. They
may or may not include any consideration of the time value of money,
can have a huge impact on your long-term future. inflation, fluctuation in principal, or in many instances, taxes.
We can help you with advice for everything from
Preparing for your family’s
MORE THAN $60 BILLION WAITING TO BE CLAIMED
Government agencies are holding unclaimed unclaimed when family members don’t notify the
property and missing money to the tune of more insurance company about the policyholder’s death,
than $60 billion, and some of it may be yours. and no effort is made to find lost beneficiaries.
Where does all that money come from? If an To start the search process, go to
owner or heir doesn’t come forward to claim www.MissingMoney.com (a free, searchable database
an asset for a specified number of years, of unclaimed property records with links to each
accountholders – financial institutions, stock state’s unclaimed property program). You’ll find
brokers, utilities, employers, and life insurance links for missing credit union accounts, as well as
companies – send the funds to a government links for missing savings bonds, veteran benefits,
trust account, and it sits there until you claim it. accounts at closed banks, inheritance, pension
benefits, railroad retirement funds, and more. In
According to www.unclaimedassets.com, the IRS most cases, there is no time limit for filing claims,
(Internal Revenue Service) has $73 million in although some types of assets are subject to the
unclaimed tax refunds, the Bureau of Public Debt statute of limitations, so take action now. Also, you
has $9 billion in unclaimed savings bonds, the may have to pay any tax liabilities to claim some
Social Security Administration has $478 million types of assets.
in unclaimed benefit checks, HUD (Department of
Housing and Urban Development) has $500 million Source: Credit Union National Association
in unclaimed mortgage refunds, the Pension Benefit
Guaranty Corporation has $80 million in unclaimed
pension benefits, FDIC (Federal Deposit Insurance HOW TO KEEP YOUR PROPERTY FROM
Corporation) has $200 million in unclaimed bank BECOMING ABANDONED
accounts, and NCUA (National Credit Union
Administration) has $580,000 in unclaimed • Cash all checks as soon as you receive them.
share accounts. And that’s just the beginning.
• Keep a record of all financial accounts.
There are simple reasons for so much abandoned • Keep a record of all stock certificates. Cash all dividends
property and missing money: unreported change you receive.
of address after a move, a name change after
• Keep a record of all rent and utility deposits, including
a marriage or divorce, incomplete or illegible
records, and clerical errors. What this means is
you may be among the millions of people who • If you change your name due to marriage, divorce, or
have a stash of cash just waiting to be claimed. other legal action, notify your financial institutions,
brokers, credit card issuers, employer, 401(k)
Here’s the catch: the government makes no administrator, insurance agents, mortgage lender,
attempt to find the rightful owners. You need health-care professionals, attorney, accountant,
to initiate the search. Unfortunately, millions investment advisers, and others.
of family members don’t know they can collect • Prepare a separate checklist of all financial institutions
unclaimed assets owed to deceased relatives who and advisers to be notified when you change your
didn’t leave behind an updated will or detailed address, and share the list with a family member or
map of where assets were located. In fact, more trusted adviser.
than one-quarter of all life insurance policies go
: FINANCIAL TECHNOLOGY
TAX FILING BY HOME COMPUTER JUMPS 18%
The number of U.S. taxpayers simple questions. The program
filing by home computer jumped — which is up to date on the
18% during last tax season. latest tax law changes — selects
The Internal Revenue Service the forms, does the math and
reported that taxpayers e-filed completes your return.
more than 70 million returns
through April 21, 2006, topping If you can’t complete your return
the 68.5 million electronic returns in a single session, the program
filed throughout 2005. saves your information until you
access it again using a password
Of those e-filed returns, about and member ID.
50 million were completed by
paid professionals, up about This tax preparation service
9% from the 46 million returns guarantees accurate calculations
e-filed by professionals in the or TurboTax pays penalties and
same period in 2005. Meanwhile, interest. :
19.7 million e-filed returns were
do-it-yourselfers using their Source in part: MarketWatch
home computers, up 18% from 8% from 113 million visits in the
16.7 million for the same period year-ago period.
a year earlier. For the current tax season,
“We saw a surge of e-filing at the your Credit Union is once
end of the tax season, particularly again providing members with
with people using software on convenient links from its Web
home computers,” said IRS site: www.nmefcu.org to online
Commissioner Mark Everson. tax services from TurboTax®. USE OUR ONLINE TAX CENTER
“Compared to recent years, we This program makes preparing
had much more e-filing in the and filing tax returns easier. There Visit www.nmefcu.org and click
weeks leading up to the deadline, are no paper forms, no stamps to
signaling that more balance-due
on “Member Resources” in the
buy, no more last-minute dashes
filers are embracing this service,” to the post office — and refunds left column of our Web home
he said. “We received more tax are faster. There is no need to page. Then select “Tax Center”
returns electronically in 2006 buy software or download the
than the number of paper returns TurboTax program. You don’t pay
for helpful information such as
we processed for the entire United a fee until you print the forms or the Top Ten Tax Tips plus a handy
States in 1966.” file electronically online. checklist for assembling all the
Plenty of those filers consulted
www.IRS.gov while completing The service guides you through documents you need for filing
their taxes. The agency’s Web your return and allows you to your taxes online or by mail.
site saw almost 122 million visits complete tax returns accurately
through April 21, 2006, up almost and securely online. Just answer
continued from the front cover
and certifies them to deliver the problem changed in a way that rather than on two separate sides
PYPM program in their did not make him judgmental, of the fence. YIA builds working
classrooms. Nikia Clarke, MADD but created an understanding relationships with the community
Youth Program Specialist, stated, that some people drink when founded on respect, gratitude and
“New Mexico is at the forefront they are too young, and other education.”
of implementing this national people drive while they are
MADD curriculum. More intoxicated. But with his positive MADD is a grass roots
teachers are trained and more influence and the information organization whose success relies
classrooms are implementing it that the show provided, Andrew on the recruitment and utilization
here than in any other state. can protect himself and possibly of volunteers and members. “We
Since the beginning of 2005, over his friends.” can’t do it alone,” Wilson said.
1,000 educators and prevention “DWI is 100% preventable.
specialists have been trained and Through legislation, increased
are using PYPM in their The national average prevention efforts and
classrooms, potentially reaching age for first contact with educational initiatives, our
25,000 children annually.” community is beginning to
alcohol is 11 to 12. understand the horrible
MADD also brings highly ramifications of this crime, and
impacting multimedia shows to we are taking proactive steps to
classrooms throughout the state. Another MADD program, Youth rid our roadways of tragedy.”
With three 15’ by 15’ screens and in Action (YIA) is designed to
an amazing sound system, the reduce the social and retail There is much more to the
shows feature relevant music, availability of alcohol to minors. Mothers Against Drunk Driving
celebrity interviews and Youth leaders ages 14-20 are organization. You’ll find plentiful
blockbuster movie clips trained and empowered to information at the nonprofit’s
interwoven with key messages influence their own peer groups Web site, www.madd.org/nm, or
about the physical effects of into positive, educated decision you can call 505-255-2955 with
alcohol, drugs and tobacco on the making about alcohol questions or to find out ways you
body and the brain. They also consumption. Youth in Action can help.
discuss the influences of alcohol gives high school and college
advertising and the effect it has students the opportunity to
on decisions students make. impact their community in a
positive manner. YIA members
Wilson commented, “It was work with law enforcement
amazing to see the impact that agencies on a variety of different
the MADD multimedia show programs like compliance checks
‘Superhero’ had on my 9-year-old and shoulder tap surveys. Wilson
son Andrew. He came home with stated, “Typically there’s not a
new information on how to keep strong positive connection
himself and the individuals between our law enforcement
around him safe not from just and teens. YIA has provided an
drinking but also from peer opportunity for youth to work
pressure and other issues like together with police officers to
bullies. His perception of the make progress on this issue
LIVE SIMPLY TO REAP SAVINGS
If you’re eager to get off the earn-and-spend
treadmill, you can make the shift to a lifestyle that
embraces moderation and avoids excess. A successful
transition, however, requires a change in both your
spending habits and your relationship with money.
In their best-selling book, “Your Money or Your Life:
Transforming Your Relationship with Money and
Achieving Financial Independence,” co-authors Joe
Dominguez and Vicki Robin note that Americans
“buy everything from hope to happiness.”
But surveys find that spending as a means to achieve
greater fulfillment doesn’t seem to work. So why do be living beneath your means. Other useful
we keep spending beyond our means? Habit may be automatic savings options are our Vacation
partly to blame. A daily routine that includes latte, Club Account and Holiday Club Account.
lunch and snack purchases could have you spending
$10 a day without prompting a second thought. Track your spending. The point of writing
down everything you spend is not to make
To avoid mindless spending, Dominguez and Robin you obsessive about your money. It’s to make
encourage consumers to ask of each expenditure you aware of your choices. Your routine
whether it brought “fulfillment, satisfaction, – do you go out to dinner every Friday
and value in proportion” to the time it took to and Saturday night? – may be one of the
earn the money to pay for it. The key is figuring biggest obstacles to reducing your spending.
out what is enough and what is just excess.
Challenge every expense. Figure out how you
Another important shift in mindset that needs might be able to reduce each of your essential
to be made before you can switch gears from expenses, from housing to transportation.
spender to saver: stop viewing spending as a Then determine which of your nonessential
reward and saving as deprivation. expenditures, such as entertainment and
vacations, deliver the greatest bang for
Here are straightforward steps to reduce spending your buck and abandon those that are
and increase saving. Adopt these tips and enjoyable but not essential to your happiness.
techniques to start living beneath your means:
Avoid temptation. The easiest way to do that is
Make saving automatic. That’s easy to do: Just to abandon shopping as a recreational activity. And
ask New Mexico Educators to set up a funds transfer try to limit your exposure to ad-heavy celebrity
from the account where your paycheck is deposited and style magazines and television programs
to a savings or investment account. You choose the that make affluence look commonplace.
day and the amount. If you do this, and you don’t
use credit or tap savings, you’ll automatically Source: Credit Union National Association
Support for the
Universtiy of New Mexico.
B COMMUNITY INVESTMENT
NEW MEXICO EDUCATORS SPONSORS UNM
Research has shown that available technology is Albuquerque campus will improve “anywhere,
part of a student’s decision about which college anytime access” by students and faculty to both
to attend. For today’s increasingly Net-savvy academic and administrative resources. Students
students, wireless network access is standard will find more opportunities to spontaneously
expectation at an institution of higher learning. collaborate on class-related activities.
Lacking a comprehensive wireless network on its
Albuquerque campus, the University of New Mexico Wireless resources will include the Library,
is at a competitive disadvantage in attracting the Internet, and the University’s learning
best students within our state to remain in New management system – WebCT. The new wireless
Mexico for their post-secondary education. network will allow students to send and receive
e-mail, chat with professors, advisors and
classmates, share files, download and upload
assignments, create Web-based study groups,
and extend where learning can take place.
In addition to the wireless network support, New
Mexico Educators will be providing UNM with
an online financial literacy connection Web page
where students may go to obtain information to
help them make sound financial decisions. B
Because New Mexico Educators Federal Credit Union NEW POLICY FOR INAPPROPRIATE MEMBER
is committed to improving the quality of education BEHAVIOR EFFECTIVE IMMEDIATELY
in all the communities we serve in the state, we are
Unfortunately, from time to time, a member will behave in a
sponsoring the implementation of a campus-wide manner inappropriate and/or threatening to a Credit Union
wireless network at UNM. “We are pleased that employee, in either a branch office or on the telephone and
New Mexico Educators Federal Credit Union can often in the proximity of other members. It is our responsibility
provide this level of support for our state’s flagship to provide a safe financial services environment for our
university and look forward to seeing its benefits,” members and a safe working environment for all our employees.
said Terry Laudick, President/CEO. Outbursts of inappropriate language and/or threatening
gestures by members challenge this policy. Therefore, our
Moira Gerety, director of UNM’s Information Board of Directors has approved this new policy: In the event
Technology Services said, “By late 2008, UNM will a member violates standards of behavior toward New Mexico
finally be able to better attract the 18-25 year olds Educators staff, the member will be denied access to Credit
we want to retain in New Mexico.” Expanding Union premises and personal contact with our employees.
the current piecemeal wireless network on UNM’s
WE’LL MATCH YOUR DONATIONS FREE FINANCIAL COUNSELING FREE TAX PREPARATION SERVICE
TO PUBLIC TELEVISION SERVICES
Again this year, AARP is providing free
Join us in supporting KNME-TV5/DT35 BALANCESM, a comprehensive education income tax counseling and preparation
in Albuquerque. Starting February 25, and counseling service, is available free for middle and low-income tax payers
visit www.knmetv.org and click on “New of charge to all New Mexico Educators in Albuquerque, with special attention
Mexico Educators Federal Credit Union members. BALANCESM counselors are to those who are age 60 and older. For
On-Line Challenge.” We’ll match any experts in all aspects of personal finance more information and to schedule an
online donations during March 2007 up to and credit and, if needed, can assist appointment, call Abe Silva at 821-7355.
$20,000. you with a debt repayment plan and
bankruptcy prevention. For complete
For over 48 years, KNME has provided information about BALANCESM services,
central and northern New Mexico with visit the “Member Resources” area of
quality television and educational our Web site, www.nmefcu.org, and
opportunities. Today, the station also click on “Financial Counseling,” or call If you would like to list your company’s
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Credit Union & Community Calendar
Monday 19 Tuesday 3
Closed Presidents’ Day Asset Allocation
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Preparing to Buy Your Wednesday 18
First Home Preparing to Buy Your
(free evening seminar)* First Home
(free evening seminar)*
Thursday 22 FEBRUARY/MARCH 2007 | VOL. 16, No. 7
Budgeting for Positive Thursday 26
Financial Results Money Management
(free evening seminar)* for Teens US Postage
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Wednesday 28 The power NM Albuq., NM
Investment All seminars are held at Please call 889.7755 or 800.347.2838 if you
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Preparing to Buy Your
select “Member Seminars/
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or call 889-7755.
How to Manage Your
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