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					SUMMER QUARTERLY I 2420 Olmstead Street, Niagara Falls, NY 14304, 716-297-4034, Fax 716-297-1223 I July 2012

 LOOKING TO REFINANCE YOUR                                                                                             OUR SERVICES
  CAR LOAN OR IN THE MARKET                                                                                            Home Banking Service
        FOR A NEW CAR?                                                                                                 Share (Savings) Account
     CHECK OUT OUR                                                                                                     Share Draft (Checking) Accounts
                                                                                                                       Holiday Club Accounts
                                                                                                                       Youth Accounts ($50.00 Balance)
                                                                                                                       Scholarship Program
                                                                                                                       Certificates of Deposit
  CALL OR STOP IN TODAY FOR                                                                                            Money Market Accounts
     MORE INFORMATION                                                                                                  (Monthly Dividend)
                                                                                                                       Visa Debit Cards & Visa Gift Cards
                                                                                                                       Money Orders
       GET IN GEAR WITH A CREDIT UNION CAR LOAN                                                                        Certified Checks
If you need new wheels, you’re not alone.                 * Get a pre-approved loan from the credit                    Automatic Loan Payments
Because of the ups and downs of the economy,              union. With a loan in hand, you have more                    Wire Transfers
many consumers have held onto their vehicles              shopping flexibility. Just don’t let on to                   Postage Stamps
longer than in the past. While it makes                   the dealer that you have been pre-
financial sense to not trade cars too frequently,         approved. Financing is a profit center for                   Overdraft Loans
there is a point at which repair costs reach the          dealers and they will try to make up any                     ATM Machine-Lodging Bldg.
tipping point, and you need to be back in the             lost profit on something else. And how                       & Base Exchange, Bldg. 805
market for a vehicle. If so, here’s a quick               about those no-or-super-low interest
refresher on car buying:                                  dealer rates? Be aware that there are many                   (FREE TO MEMBERS)
                                                          restrictions, included being limited to the                  Notary Service
* Like a good Boy Scout, be prepared. Do your             purchase of certain models.                                  Home Equity Loans (Fixed & Variable)
homework to narrow your choices. There are
numerous online sources and other recourses               * Save the excitement until you are driving                  Voice Response System
such as the April issue of Consumer Reports.              away. Buy with your head, not your heart.                    Home Mortgages
                                                                                                                       Real Time ATM/Debit Card Processing
                    MONEY IN THE HOUSE                                                                                 HOURS AND CONTACT
                                                          Tapping the equity in your home can be a tax-
                                                          advantage way to borrow money because the
                                                          interest may be tax-deductible. Check with                                 Office Hours
                                                          your tax advisor for details.                                              Monday – Thursday
                                                              A home equity loan is an ideal way to                                  9:00 A.M. – 3:30 P.M.
                                                          borrow for home improvements especially if                                 Friday 9:00 A.M. – 4:00 P.M.
                                                          you plan to remain in your home. According to                              914th UTA’s 9 A.M. - 1 P.M.
                                                          Remodeling Magazine’s annual cost-versus-
                                                          value survey, updating a kitchen can return
                                                          some 70 percent, while a major overhaul will                 Office Location
                                                          recoup about 65 percent. But not having                      2420 Olmstead Street, Niagara Falls, NY 14304
                                                          appliances from the Carter administration?                   Fax 716-297-1223
                                                          Priceless! You could expect to recoup about 60
                                                          percent of the cost of remodeling a bathroom,
                                                          about 70 percent of the cost of adding an attic              Phone Lines
Sure home prices have dipped. But if you’ve               bedroom, but only 40 percent on the addition of              236-2085            298-1533
owned your home for a number of years,                    a home office or sunroom. But again, the added               236-3184            297-4034
chances are, you’ve earned equity in it. That             convenience or the extra space may well be
means a home equity loan from the credit union            worth the price to you.                                      VRU
may provide you with the funds you need for                   Whatever your credit union needs, check
home improvements, tuition, a vehicle, debt               out the great rates and convenient terms on a                297-4447            297-4448
consolidation, or any productive use of credit.           home equity loan from the credit union.                      1-800-795-3912

                   HOLIDAY CLOSINGS: Wednesday, July 4 2012 - Independence Day, Monday, September 3 2012 - Labor Day
Niagara Falls Air Force Federal Credit Union I 2420 Olmstead Street, Niagara Falls, NY 14304, 716-297-4034, Fax 716-297-1223 I July 2012

                BACK TO SCHOOL EXPENSES?
             HERE’S THE A –B-C ON SAVING MONEY                                                                        SAVINGS RATES
                                                         outgrown shoes and clothes? What supplies                    LAST QUARTER
                                                         are required? Can you cut costs by trading
                                                         clothes with friends, gathering supplies from                Dividends are paid quarterly on accounts
                                                         around the house, or shopping outside the box                with an average daily balance of $250.00 or
                                                         at thrift stores or yard sales? Once you have                more.
                                                         an estimate, it’s “A” for “apply.” Get a back to
                                                         school loan from the credit union for the                    CERTIFICATES OF DEPOSIT
                                                         amount you will need, so you can shop with
                                                         “C” for “cash.” This saves you money two                     Minimum balance required = $1,000.00
                                                         ways. For one, money experts agree that                      Refer to our website (www.NiagaraFalls
                                                         people who have a budget and use cash for           for the most current savings rates
                                                         purchases spend less than those who don’t and                paid on all deposit accounts.
Help with those back to school expenses is as            use a credit card. And two, department store
easy as A-B-C, but smart shoppers will start             charge cards can have interest rates as high as
with “B” for “budget.” Figure out what your              28 percent or even higher. Get the school year
young scholars will need to return to the                off to a good start with a back to school loan
classroom and estimate the cost. Have they               from the credit union.                                      LOAN RATES
                                                                                                                      **All Rates advertised as low as

                    f.y.i. FOR YOUR INFORMATION...                                                                    Shared Secured – 2.0%+Share Rate (24 Months)
                                                                                                                      Unsecured Personal – 8.45% (24 Months)
Don’t Let Your Accounts Go Dormant-Periodically, we notify members of the importance of                               Overdraft Line of Credit – 17.9%
maintaining active accounts at the credit union. We do this for reasons of safety and soundness                       Home Equity – 3.99%
for both the membership as well as that of the credit union. Once it is flagged as dormant, you
can reactivate with a small deposit or correspondence from you stating that you want your                             Vehicle Loans (Auto, Trucks, Motorcycles,
account to stay open. Accounts that are dormant may be assessed a monthly fee.                                           RV’s, Mobile Homes, Air Planes, Boats)
                                                                                                                         New Vehicle – As low as 1.99%
                       SHARE SECURED LOANS                                                                               Used Vehicle – As low as 3.49%
                      HELP KEEP SAVINGS INTACT                                                                            (** Interest rate determined by credit score)

You’re working hard to build your savings-maybe for a well-deserved vacation or the down
payment on a house. So when life throws you a curve ball in the form of a medical emergency
or an unexpected car repair, it seems a shame to raid your share account. That’s where a share-                      DEBIT CARD
secured loan can help. Here’s how it works: You pledge the money you have in your share
savings account as collateral for the loan. This allows you to keep your savings intact at the                       SAFETY TIPS
same time you have access to the funds from the loan. If you have a few blemishes on your
credit report, a share secured loan offers you a way to start clearing them up. By making                                 Whether you’re in the comfort of
timely payments, you are rebuilding your credit record. Even if you have a high credit score,                         your home or on the road, it’s important
a share-secured loan can be a smart choice because the interest rate is likely lower than the
rate charged for a cash advance on a credit card. Call us today for details.                                          to protect your debit card at all times.
                                                                                                                      Your credit union debit card may be the
                                                                                                                      ultimate in convenience, but you need to
             2012 SENIOR                                          MOVING?                                             use it properly. This includes practicing
             GRADUATES                                       PLEASE LET US KNOW                                       safety tips that encourage secure and re-
                                                                                                                      liable use of your card:
Every year the credit union awards two                    Are your records up to date with the credit
eligible graduating seniors with a                        union? It is important that you keep all your               1. Never give your card or PIN to
$250.00 cash award. Any senior who is                     credit union information accurate. That                     anyone-even family.
planning to continue his/her education,                   includes your address, phone number, and                    2. To protect your PIN, memorize it
must complete an application along with                   email address. If you have recently moved, or
a letter of acceptance to college in order                are planning to move, please let us know. We                and don’t write it down.
to qualify. Awards will be drawn on                       want to make sure all communication and                     3. Only use your card when and
August 1, 2012. Applications can be                       important notices from the credit union reach               where you feel most secure. If you are
picked up at the credit union after June                  you on time. Please contact the credit union                uncomfortable, you should not use it.
1st. Good luck to all!                                    with your current contact information.                      4. Never leave your card out of sight
                                                                                                                      when conducting a transaction.
                                                                                                                      5. When conducting a transaction, use
                             MEMBER SELF-UNLOCK                                                                       your hand or body to shield your PIN.
                                                                                                                      6. After completing your transaction,
For those members who occasionally                       containing a temporary password you can
forget their passwords for Home Banking,                 use to login. In order to use this service                   remember to get your debit card and
we have added a new feature. If you get                  you have to submit an email address. This                    your transaction record.
locked out, the login page has a link                    is done by logging in, click the settings                    7. If your card is lost, stolen, or re-
towards the bottom of the page that will                 tab, scroll down to the bottom of the page                   tained by an automated bank machine,
begin the process. Once clicked, you will                where you will see email address, input                      notify the credit union immediately.
be asked for your account number and                     your email address and click submit query
email address. An email will be sent to you              and you will be all set up.

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