July 2012 Your Advantage www.teachersfcu.org Mortgage Loans at Great Rates With the Service You Deserve As stated in a recent CreditUnionsOnline.com article*, “For some Mortgages Mortgages credit union members, the decision of whether or not to refinance their mortgage can be a difficult one requiring some help from a 10-Year Fixed Rate * 15-Year Fixed Rate Rates as low as 2.50 2.625 Rates as low as knowledgeable and trusted resource. Your credit union can provide this insight to help you make the best decision for your particular situation.” At TFCU, we couldn’t agree more. % % RATE RATE 2.68 2.75% With home prices and interest rates still low, many members want to cash in on the opportunity that this current market is providing. If you % are in the market to refinance your home, TFCU is the perfect place APR* APR** to go! We’ll lead you through the mortgage process, doing so with No Points No Points the guidance, care, and personalized service that our members have All rates and terms are subject to change without notice. *APR: Annual Percentage Rate. Rates & terms accurate as of 6/22/2012. Maximum loan amount is $417,000. Pay $9.43 per $1,000 borrowed grown to expect. for 10-year fixed rate mortgage at 2.68% APR. Taxes, insurance and other costs will result in a higher monthly payment. Primary residence only. This is not a commitment to lend. If your down payment is less than 20% of the home’s value, you will be subject to private mortgage insurance, or PMI. Applicants who are not approved at these rates or terms may be offered credit at a higher rate and/or different terms. Rate shown is for purchase or refinance, up to 80% financing. Other rates and terms available for loan to values above 80% **APR: Annual Percentage Rate. Rates & terms accurate as of 6/22/2012. *Source: “Credit Unions Help Members Save with Mortgage Refi Deals”, June 5, 2012 Maximum loan amount is $417,000. Pay $6.73 per $1,000 borrowed for 15-year fixed rate mortgage at 2.75% APR. Taxes, insurance and other costs will result in a higher monthly payment. Primary residence only. This is not a commitment to lend. If your down payment is less than 20% of the home’s value, you will be subject to private mortgage insurance, or PMI. Applicants who are not approved at these rates or terms may be offered credit at a higher rate and/or different terms. Rate shown is for purchase or refinance, up to 80% financing. Other rates and terms available for loan to values above 80%. School Supply Donation Drive Purchasing school supplies for children in a family with a limited income can be very expensive. TEAM Throughout the months of July and August, Team TFCU, our staff members’ commu- nity involvement group, will be accepting donations* for students in need within our community. Collection boxes are in each of our branches. Donations will be No Fees. No Stipulations. presented to Long Island Cares, who will distribute as needed. Suggested items are: FU That s the TIt’sCFree Way! u • Backpacks • Notebooks • Folders • Erasers • Markers • Crayons • Lunch Bags • Dictionaries • Pocket Calculators Are you tired of paying • Filler Paper • Pens • Glue Sticks • Binders • Pencils • Rulers outrageous bank fees? • No monthly service fee Experience the benefits of a • FrEE Visa® debit card Please help a child to do well in school this year. Show you care, by providing them with the supplies they need to • No minimum balance required TFCU Checking Account be successful. • No per check fees That is Actually Free! * Please, no cash or gift cards. • Free account alerts! u TFCU checking is free; if incurred, fees such as a stop payment or NSF fee will apply. Share Savings account of $1 required. Check Us Out At Facebook At: FREE CHECKING • FREE ONLINE BANKING & FREE BILL PAYER • BUSINESS CHECKING & SBA LOANS www.facebook.com/TeachersFCU Check www.teachersfcu.org for ou TFCU Makes Auto New Auto, Boat Used Auto, Boat Loan Financing Easy and RV Loans New rates as low as and RV Loans Used rates as low as 2.99 TFCU makes financing your next new or used auto easy. We offer a range of competitive rates to fit almost every financial situation. Our auto loans feature: • Financing up to 100% • Terms up to 84 months for new autos • Terms up to 72 months for used autos 1.74 for up to 60 months Get Pre-approved and Save! % APR* for up to 60 months Full Financing Available Maximum 3 Model Years Old % APR** • Refinance existing auto loans from other lenders Leasing & Lease Buyouts (Including Current Year) Also Available Other Rates/Terms Available • Pre-approval for easier, hassle-free shopping • Easy online application with quick decision turn-around All rates and terms are subject to change without notice. *APR: Annual Percentage Rate. Rates and terms are effective 6/18/2012. 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 a higher rate and/or different terms. Rates not available on Buy Rite Plus balloon Apply online at www.teachersfcu.org, call (631) 698-7000, loans or leases. Not eligible for Educated Choice, Auto Transfer, Loan-to-Value or Flat fee waiver (indirect only) discounts. Pay just $17.42 for every $1,000 borrowed with a 60-month term at 1.74% APR.**APR: Annual Percentage Rate. Rates and terms are effective 6/18/2012. Rate will be based on credit history. Rate shown is lowest rate available. Applicants who are extension 6790, or stop by any branch. not approved at these rates or terms may be offered credit at a higher rate and/or different terms. Rates not available on Buy Rite Plus balloon loans or leases. Not eligible for Educated Choice, Auto Transfer, Loan-to-Value or Flat fee waiver (indirect only) discounts. Pay just $17.97 for every $1,000 borrowed with a 60-month term at 2.99% APR for used auto loans. TFCU Can Put You in Business TFCU has a relationship with the Small Business Administration (SBA) to expedite • Fund a startup business loans to credit-worthy small businesses. The SBA’s finance programs enhance the • Finance a business acquisition ability of credit unions to provide long- and short-term loans to small businesses that P • rovide working capital for a business that can be might not qualify through other lending channels. used to purchase necessary machinery, equipment, supplies or inventory SBA loans are designed for small businesses in need of working capital, start-up costs, equipment, inventory or for the purchase of commercial property. Through our partnership with the SBA and its guaranteed loan programs, TFCU is approved to offer SBA Express Business loans and business lines of credit to our members. Give us a call, we’re here to help you with all your business needs. Business Accounts & Services, call: Business Loans & Lines of Credit, call: Gary Frisina at 631-698-7000, ext. 6689 or Jordan Herzlich, at 631-698-7000, ext. 3016. Craig Novak at ext. 6029 Have Your Credit Card Rates Gone Up? Visa “No Frills” Classic ® We want you to have the right credit card for Credit Card 9.36 your needs, so we offer four different cards: Traveling Out • Visa® “No Frills” Classic Card • Cash Back Classic % of the Country? APR* • Platinum Card • Secured Visa Card If your travel plans have you leaving the No Annual Fee. United States, please be sure to notify us. Apply online at No Over Limit Fee. Failure to report foreign travel may trigger www.teachersfcu.org, No Surprises. a fraud alert causing all debit and/or credit call (631) 698-7000, card activity to be blocked. extention 6790, or stop *All rates and terms are subject to change without notice. Annual Percentage Rate (APR) accurate Notify us before you leave by contacting by any branch. as of 6/18/12. Rate shown assumes maximum discount for Educated Choice. Add 0.48% without maximum Educated Choice discount. Ask for details. the Call Center at (631) 698-7000, extension 6780. Visit Our Online Teachers Federal Credit Union - July 2012 Mortgage Center ur GREAT LOW Home Equity rates! Teachers Federal Credit Union Honored by Long Island Head Start TFCU, represented by Robert G. Allen, President/CEO, was named a Community Partner Honoree at the 2012 Long Island Head Start Gala and 46th Anniversary celebration. Long Island Head Start is a nonprofit organization that is dedicated to the cause of helping at-risk children and families in Suffolk County. “TFCU and Long Island Head Start have a long-standing commitment to improving the well-being, education and health of adults and children living within our community. We congratulate Long Island Head Start for its success over the past 46 years in providing the critical services needed by at-risk children Pictured are (left to right) are: Rev. Allan Robinson, LIHS Board Member; and families. We look forward to continuing our role as a valuable Community Debrah Garcia, LIHS CEO/Executive Director; Robert G. Allen, TFCU’s Partner for many years to come,” said Robert G. Allen, TFCU President/CEO. President/CEO; and Terrence D. Goode, LIHS Board Chairman. You Spoke & We Listened New Online Banking Service Coming Soon! TFCU is pleased to announce that we will soon be launching a new and improved website! • A New Website • Improved Online Banking • Mobile App Visit www.teachersfcu.org and check your email for announcements and details on when and how to take advantage of these new services. Visit our Online Mortgage Center today or call to speak Low Rates for with a loan representative at 631-698-7000, extension Purchasing or 6790, for more information as well as our great low rates. Refinancing! Teachers Federal Credit Union - July 2012 THE RESTLESS INVESTOR Chris Hibbard, ChFC, CRPC, CFS Senior Financial Advisor When it comes to your investments, do you have the Trust Liaison Officer 5439 Sunrise Hwy. patience to reap long-term rewards? Holbrook, NY 11741 (631) 698-7000 ext. 6020 A message from the TFCU Trust and Financial Services Program Stephen Abbott, CLU, ChFC Financial Advisor “But it looks so good!” When you hear about a new stock becoming available, are you enticed by its promise? Do you 2410 North Ocean Avenue suddenly feel compelled to run right out and buy shares? Let’s say you DON’T buy shares, and then the stock doubles after Farmingville, NY 11738 the initial public offering. Do you run out and buy it THEN? Do you sell shares of a loser in favor of this new stock that’s hot? (631) 698-7035 Grab the reins! A recent study found that in most cases, investors who sell one stock for another that seems more promising typically find the new stock trailing the old stock throughout the next year. Meaning, if they’d held out for twelve months, they’d be better off. Just like playing roulette, quick and frequent stock trading might hold big rewards … but it doesn’t happen often. If you’re investing small amounts, just for fun and to see what happens, well that’s your call. But if you’re trying to reach a long-term goal (like retirement), a more committed investment strategy could be a better choice. Financial Services Representatives What is long-term investing? Is three months a long-term investment? What about six months? What about a year? at other branches: Actually, a long-term investment is typically five years or more. If you’re currently buying and selling stock every few months, Commack – Linda Davis you may want to reconsider your strategy. You certainly would not be the only investor with a “love ‘em and leave ‘em” stock East Northport – Ron Rebaldo trading mentality, but that kind of investing is haphazard and can be very risky. Nesconset – Micki Cahill Port Jefferson Station – Diane Jensen Be advised. If you’re reading this, nodding, and realizing that you are not truly a long-term investor, then chances are you Rocky Point – Catherine Garnier have been investing on your own and have not yet enlisted the help of a financial advisor. A seasoned financial advisor can assist you in determining your risk tolerance and help you to develop a long-term investment strategy based on your goals. Do you have to have a financial advisor to be a good investor? No. But if you’re not ready or willing to spend time doing research, or if you feel you need guidance to keep you on track, enlisting some professional assistance could be a good move. A good strategy. The way we see it, a good investor is steadfast and employs a solid long-term, goal-oriented approach. He or she is patient, invests consistently, saves regularly, reinvests dividends, and evaluates portfolio returns over the years (not months or weeks.) 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 800-369-2862. 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, to make securities available to members. 12202010-WR-157 These are the views of Peter Montoya, Inc., not the named Representative or Broker/Dealer, and should not be construed as investment advice. Neither the named Representative or Broker/Dealer give tax or legal advice. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. Please consult your Financial Advisor for further information. Discover the Simplicity of Paying Bills Online! When paying bills online. Log on to TFCU Free Bill Payer today by visiting www.teachersfcu.org Board Of Directors Convenient Branch Locations Fred H. Schaefer, Chairman George L. Dornhoefer, Vice Chairman Amityville Nesconset Raymond P. Grossman, Treasurer Juan C. Nuñez, Secretary 355 Broadway (Rte. 110) 127 Smithtown Blvd. Bay Shore North Babylon F. Jane Harris, Ronald A. Mincio, Robert J. Ney 3rd Ave. and Sunrise Hwy. 1134 Deer Park Ave. Mario P. Shortino, Frank D. Spencer Brookhaven National Lab† Oakdale 400 Brookhaven Avenue 951 Montauk Hwy. Executive Management Central Islip Port Jefferson Station 118 Wheeler Road 450 Jefferson Plaza (Rte. 112) Robert G. Allen, President/CEO Thomas A. Fallon, EVP/COO Commack Riverhead TFCU HEADQUARTERS 10 Vanderbilt Pkwy. 176 Old Country Rd.(Rte. 58) Supervisory Committee East Northport Rocky Point Located at: 102 Motor Pkwy, Hauppauge, NY 556 Larkfield Road 561 Route 25A James F. Nohe, Chairman April S. Neitlich, Secretary Mail: P.O. Box 9005, Smithtown, NY 11787 Entenmann’s† Selden Walter E. Dunn, Jr., Paul E. Misut, Robert J. Ney 1724 5th Ave., Bay Shore 301 Independence Plaza, (Rte. 25) www.teachersfcu.org Farmingville Shirley 2410 N. Ocean Ave. 437 William Floyd Parkway. 631-698-7000 • 1-800-341-4333* Hauppauge Smithtown Convenient Loan Call Center Hours *Outside the Long Island, Westchester and New York Metro areas. 102 Motor Pkwy. 1 West Main Street Holbrook 5439 Sunrise Hwy. South Setauket 260-A Pond Path 24/7 Loan Information & Applications Find us on Facebook Huntington 211 East Main Street SUNY Stony Brook Student Activities Center & 631-698-7000, Ext. 6790. facebook.com/TeachersFCU 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. † Facility employees only TFCU’s Routing Number: 221475786 Check www.teachersfcu.org for all of our GREAT RATES!
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