Mortgages Teachers Federal Credit Union by alicejenny

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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!

								
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