SPRING 20 07 Use Your Home’s Equity and Gain Tax Advantages We offer the following Home Equity products for your primary or second home in Ohio. Variable Rate Home Equity Lines of Credit: q Borrow up to 80% of your 4 Home’s Equity N q Maximum lifetime rate cap 4 o matter what your needs are, TeleCommunity has a Home q Credit lines ranging from $5,000 4 Equity product to fit you. up to $250,000.00† Whether you want a variable line of credit q Payment includes interest and 4 n t h is or fixed rate loan, whether you have a Me n t io a r t icle little or a lot of equity in your home, principle monthly t t er newsle TCU0307 we have a program for you. Interest is q Advances can be made by phone 4 generally tax deductible + and rates are de and co eive up to lower than traditional loans. jcak owilsn c Fixed Rate Home and re off your Some of the benefits of our .50 % ate ! Home Equity products are: Equity Loan: loan r No Annual Fee q Borrow up to 125% of your 4 No Application Fee Home's Equity Closing costs paid by the Credit Union q Loans ranging from $5,000 up 4 at the first advance to $250,000.00† + Consult your tax advisor about the deductibility of interest. q Terms available for 15 years 4 Two Easy Ways to q Fixed monthly payment 4 Open a Home Equity Loan: * The rate is adjusted monthly according to the Prime Rate as published in the Wall Street Journal. Call: Apply for a loan by phone † Loans over 80% Loan-to-Value are restricted to a $100,000.00 (330) 645-2700 or (800) 257-6835. maximum. Come In: Apply for a loan at our convenient location. Visit us online at www.telecommunitycu.com Memorial Day Monday, May 28 Warm the Soles of Kids Declared a Huge Success O nce again, TeleCommunity Credit New athletic shoes for kids ages 5 to 18 Union participated in the “Warm years old were distributed during the month the Soles of Kids” program which is of December. These children would otherwise designed to provide shoes for children in the not have had a warm pair of shoes to wear Akron-area that need them for the winter this chilly winter season. season. For many, this was the first pair of The donations of shoes and monies were new shoes some participating children had distributed to area schools through guidance ever received. counselors by affiliates of the Volunteer “In the past six years, more than $85,000 Center, including Safe Landing Youth Center, has been donated to this program by our Salvation Army and the Red Cross. generous members,” says CEO Jack Sarver. Credit Union members who contributed to “We are always quite pleased with our Rate this worthy program had their name placed members’ commitment when it comes to on an ornament that was displayed in the helping out people in our community. The Credit Union lobby during the Christmas Watch As of February 23, 2007 response was outstanding.” holiday season. phinlaheap ferogsnu Loans New & Used As Low As 6.59% APR FREE Credit Report O Autos nce a year, you can obtain a free credit report from each of the following: New & Used As Low As 9.25% APR Equifax, Experian, and TransUnion. Motorcycles The official website to order your credit RV & Boat As Low As 9.25% APR report is www.annualcreditreport.com. Share Secured 6.00% APR In the box that states: START HERE, select Signature 18.00% APR the state where you live from the drop down box and click the red Request Report button. Home Equity As Low as 7.75% APR Complete the displayed form, then select Loans & Lines of Credit Continue and select the reporting agency you wish to use. Under federal law, this is Term Share Account (CD) the only authorized online source for 3 Month 0.50% APY free credit reports. You may be offered additional products or services while at 6 Month 3.70% APY this site, but you will never be required 12 Month 4.00% APY to make a purchase to receive your 24 Month 4.10% APY credit report. 36 Month 4.25% APY unje haromn APR = Annual Percentage Rate APY = Annual Percentage Yield. Rates subject to change without notice. CEO COrnEr Refer A In today’s busy world, we have services that Family Member will save you time. Membership is open to all residents of Southeast Summit County and Shared Branching – Members have the ability and employees of our participating convenience to conduct account transactions at more than employer groups. dennaa passreom 2,400 credit union branches displaying the Family members of current credit union CU Service members are also eligible to join. Center logo all across the country. Visit www.telecommunitycu.com and click on the Unlike other financial institutions shared branching logo as shown here on the which need to generate profits to right for a list of shared branch locations. satisfy stockholders, the credit union cooperative returns excess earnings to Security – Your security continues to be a primary focus. With identity theft on the our members, primarily in the form of: rise, TeleCommunity wants to assure you that we take every precaution to protect your identity. We will never contact you by email, mail or phone to ask for your social Competitive dividend rates paid on security number, PIN, credit card number, account number, name, address or birthday. savings and investment accounts When you contact us, however, we may ask for personal information. This is only used Competitive interest rates on loans to verify your account or confirm your identity. If you suspect that you have received a fraudulent communication that seems to be from TeleCommunity, please notify our Service Center immediately. Identity Protection – To further protect your identity, we recommend that you get your monthly statement via eStatements. This will prevent someone from taking your Did You statement out of the mailbox and accessing your account information. You can also ensure that the personal data on your checks does not get into the wrong hands by using your debit card instead of writing a check for purchases. raymodn misllke Know? Visit www.telecommunitycu.com to sign up. Things You Can Do On Our Website I wish every member a continued prosperous 2007. As always, feel free to contact me www.telecommunitycu.com with your questions or concerns. Jack Sarver, CEO 4 Receive your monthly (800) 257-6835 • email: email@example.com statement via email 4 File your federal and state income taxes online with the Beware When Buying Gift Cards secure site, ProTaxNet 4 You can apply for credit, W loans and mortgages hen purchasing store gift cards, narrow your scope 4 Order your checks to those displayed behind 4 Receive 10% off the monthly a clerk’s counter. At the very least, reoccurring charge of your choose a gift card from the rear of Sprint or Nextel calling plan the display when selecting a gift 4 Find a surcharge free ATM card that is out in the open. in 39 states Why? Scammers have been 4 Shop for a vehicle – both new known to copy the serial numbers and pre-owned from gift cards displayed out in the open, hoping those cards will be quickly purchased and some time would lapse before the gift card recipient stolen serial numbers copied from the out in actually uses the card. Once the card has the open displayed gift card and uses them been purchased and monies have been to make an online purchase. stored on the card, the scammer uses the Main Office 2500 N Turkeyfoot Rd Akron, Ohio 44319 Phone: 330.645.2700 800.257.6835 Fax: 330.645.6789 Office Hours Monday, Tuesday, Thursday & Friday 9:00 a.m. to 5:00 p.m. Wednesday 10:00 a.m. to 5:00 p.m. Saturday 9:00 a.m. to noon Drive-Up Teller Monday - Friday 7:00 a.m. to 7:00 p.m. Saturday 9:00 a.m. to noon Website www.telecommunitycu.com Email firstname.lastname@example.org Touch Tone Teller 330-645-2700 800-257-6835 24/7 Lending Center Option 1 You are Invited to the Annual Meeting Win $25 If You Find Your Routing & Transit Number: what: Annual meeting Name Scrambled 341273133 of TeleCommunity Look for the scrambled letters throughout this issue. If you can Credit Union unscramble them to spell your Board of Directors name, you win $25 which will Richard Hager, Chairman who: All members in be deposited into your account. Steve Bukovsky, Vice Chairman good standing are Several lucky members have their Don Fergusson, Treasurer invited to attend name scrambled in this issue. Ellen Decker, Secretary Good luck! Paul Ellis when: Saturday, John Crockett In l a s t quarter’s issue, Phyllis Eady March 31, 2007 fo u r m e m b e r s ’ n a m e s w e r e Elmer Huszar Noon scrambled. Unfortunately, no Herbert Shreffler one unscrambled the text to where: TeleCommunity f ind t heir n a me s. Ta k e t he Audit Committee Credit Union Lobby opportunity to read this edition Mary Augustynovich, Chairman of TeleCommunity Credit Union’s Ralph Dodge why: To review the Companion carefully – it could Bob Doerr annual financial pay off! Gary Magno performance OF Please contact a credit union the credit union representative to claim your $25 deposit.