Get documents about "Mortgages Teachers Federal Credit Union
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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!
