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July - Riverfront Federal Credit Union

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					A quArterly neWSletter for the memberS of riVerfront federAl credit union                                                                                                   July 2012




                                                                                                                                                     Which is the
                                                                                                                                                     better deal?
Home Equity Loans and Lines of Credit
Great Rates Extended                                                                              Offer Exten
                                                                                                through Julyded
One More Month!                                                                                               31st
                                                                                                        due to                                If you get confused with all of the
                                                                                                     tremendous
                                                                                                      response!                               different rates offered by banks and
                                                                                                                                              credit unions for Auto Loans, Home
                home equity line of credit                                                                                                    Equity Loans, etc., you’re not alone!

                                                                                                                                              While one rate may sound better

          introductory rate                                                   Variable rate
                                                                                                                                              than the next, you need to put things
                                                                                                                                              into perspective. Let’s say you have a




               2.74                                                        3.50
                                                                                                                                              longstanding relationship with XYZ
                          as low as                                                    as low as                                              credit union who is offering you an
                                                                                                                                              auto loan rate of 2.74% for 60
                                         %*                                                           %*                                      months and ABC credit union down
                                                                                                                                              the street is offering an auto loan
                                                APr                                                          APr                              rate of 2.69% for 60 months. You
                                                                                                                                              would think “ABC credit union
                 for first 12 months                                       remaining life of loan                                             is better”.

*Actual interest rate based on borrower’s credit history. home equity line of credit available to Pennsylvania residents only. introductory
annual percentage rate (“APr”) of 2.74% for credit score of 680 and above with maximum 85% loan to Value ratio. introductory rate as
                                                                                                                                              Consider the math:
low as 2.74% APr for first year, then APr will vary for remaining life of loan. As of 4/1/2012 variable APr would have been 3.50% APr,
for up to 85% ltV. Variable rate based on the Prime rate as published by the Wall Street Journal in its “money rates” table, plus or
minus a margin and will vary with the Prime rate. the variable rate will not be less than 3.50% or exceed 18%. Automatic payment from
a riverfront fcu deposit account is required. loan must be secured by borrower’s primary residence. Property insurance is required.
                                                                                                                                              XYZ Credit Union
offer is not valid to refinance existing riverfront fcu debt. offer expires July 31, 2012.                                                    $20,000 loan at 2.74% for 60 months
                                                                                                                                              is $357.04 per month.

                                 home equity loAn                                                                                             ABC Credit Union
                                                                                                                                              $20,000 loan at 2.69% for 60 months
                                                                                                                                              is $356.64 per month.

                                                   fixed rate


                                        2.74
                                                                                                                                              The monthly savings would be $0.40
                                    for up to 60 months as low as                                                                             which equals $26.55 over the life of
                                                                                                                                              the loan.
                                                                        %*
                                                                                APr
                                                                                                                                              If you already have an established
                                                                                                                                              relationship with XYZ Credit Union
                                                                                                                                              where you have always received out-
                                        Up to 90% Loan to Value                                                                               standing personal service and value,
                                                                                                                                              would it really benefit you to finance
*Actual interest rate will be determined based on borrower's credit history. rate of 2.74% is based on a credit score of 750 or above and
is for up to a 60-month term with a loan to value of 90% or less. Additional terms and rates available. Promotional rate applies to new
                                                                                                                                              with ABC Credit Union to save just 40
money only and requires automatic repayment of loan by payroll deduction or automatic transfer from riverfront fcu deposit account.
riverfront will finance up to 100% of your home’s value minus any outstanding mortgages. for loans over 90% loan to value, additional
                                                                                                                                              cents a month?
rates apply. home equity loans available in PA, md, nJ, de, ny and cA only. loan must be secured by borrower's primary residence.
homeowners insurance is required. escrow of taxes and insurance may be required in certain instances. rate stated as Annual
Percentage rate and is subject to change. may not be combined with any other rate discount offer. cannot be used to refinance existing
riverfront fcu debt. offer expires July 31, 2012.
                                           Annual notice for Visa cardholders
 help protect your existing riverfront Visa card while you shop online with Verified by Visa, a free service that password
 protects your card, giving you reassurance that only you can use it online.

 it’s safe and easy
 Simply activate your card and create your personal password while you shop. With Verified by Visa, you’ll get the added
 confidence that your Visa card is safe to use when you shop online - at no cost to you!



                                                                          your card is automatically recognized
                                                                          once your card is activated, your card number will be
                                                                          recognized whenever you make purchases at participat-
                                                                          ing online stores. if you shop at online stores that do not
                                                                          participate in Verified by Visa, your Visa card will con-
                                                                          tinue to work as usual.

                                                                          Shop online with Verified by Visa.
                                                                          Visit www.visa.com/shopandactivate to learn more and
                                                                          check out the wide variety of participating Verified by Visa
                                                                          merchants.




We Might Be Able To Save You Money!
Not many members are aware that we offer a FREE service called a “Credit Review”. If you fill out and return the form below, we will
have one of our Loan Specialists pull and review your credit report. They will contact you with some options they believe will benefit
you, like consolidating credit card debt or refinancing current auto loans, home equity loans, personal loans, etc. so that you may be able
to obtain lower monthly payments or a better interest rate.
The possibilities are endless. AND, there is no cost to you!
To see if we can save you money today, fill out the form below and mail it to: Loan Department, Riverfront Federal Credit Union,
430 South 4th Street, Reading, PA 19602 or call us to request your personal Credit Review. You can speak with a Loan Specialist
at 800-451-3477.



                              Please review my credit report and contact me!
  name:


  Address:


  do you:      ___own a home         ___rent           ___other    Social Security #
  best time to call:
  ___ monday through friday from 9:00 am to 5:00 pm
  ___ Saturday between 9:00 am and 12:00 pm
  Phone #:

  by signing below, i authorize riverfront federal credit union to review my credit report. i understand that riverfront will retain any
  credit information obtained from this report.

  Signature:                                                                                       date:
   hurry! limited offer.
                                                                                                                                   RATE CHART


   Summer Loan
                                                                                                                              Effective July 1, 2012

                                                                                                                                     LOAN RATES


   as low as 7.49%APr
                                                                                                                    New Car Loans                             APR
                                                                                                                     0 - 36 months............................2.74%
                                                                                                                   37 - 60 months ............................2.99%
                                                                                                                   61 - 66 months ............................2.99%

For The Little (or big) Things
                                                                                                                   67 - 72 months ............................3.49%
                                                                                                                   73 - 84 months ............................4.49%

That Pop Up Every Day                                                                                              Used Car
                                                                                                                   Various rates depending on year of
                                                                                                                   vehicle and term - 2.74% to 5.24%
Available through August 31, 2012
     • Home Improvements                 • Tuition                                                                 Home Equity                                    APR
                                                                                                                   up to 5 years...............................2.74%
     • Auto Repairs                      • Vacation
                                                                                                                   10 years ......................................3.74%
     • School Taxes                      • College Technology Expenses                                             15 years ......................................4.74%
                                                                                                                   20 years ......................................5.99%
Up to one year to repay by payroll deduction, automatic transfer from another Riverfront
                                                                                                                   line of credit (variable)...............2.74%
account or coupon book.                                                                                            *Promotional rates for new money only. call or visit our
                                                                                                                   website for other rates & terms.
Applying Is Easy:
     • Online                                                                                                      Other Loans                                APR
                                                                                                                   Share Secured                              3.15%
     • Over the phone 24/7 - During normal business hours call 610-374-8351 or                                     express line (variable) ...............9.00%
       800-451-3477; after hours call 877-850-8231                                                                 ViSA as low as. ...........................7.90%
     • In person at any of our branches                                                                            unsecured fixed rate ................8.99%
                                                                                                                   Additional loan types available.
*Actual interest rate is based on the borrower’s credit history. Rate of 7.49% APR is based on a credit score of
750 and above. Cannot be combined with any existing RFCU debt.
                                                                                                                       SAVINGS AND INVESTMENTS




At Work In The Community...
                                                                                                                   Dividend-Bearing                              APY
                                                                                                                   Savings, Vacation,
                                                                                                                   holiday & escrow ........................0.15%
                                                                                                                   checking .....................................0.05%
                                                                                                                   bonus Shares..............................0.40%
Spotlight on Governor mifflin School district                                                                      Money Market                           APY
                                                                                                                   $ 500.00 to $4,999.99 .............0.25%
                                                           The quilt was unveiled by Mr. Watts                     $ 5,000.00 to $9,999.99 .............0.30%
                                                           (pictured LE) to the students at a pep rally            $10,000.00 or more.....................0.35%
                                                           in April. A special thank you to Mrs.
                                                                                                                   Traditional and Roth IRA &
                                                           Brenda Walker for assembling this                       Coverdell Education Savings
                                                           beautiful piece.                                        Account(CESA)                          APY
                                                           Governor Mifflin High School - We                         $ 500.00 to $4,999.99 .............0.25%
                                                                                                                   $ 5,000.00 to $9,999.99 .............0.30%
                                                           reached out to Governor Mifflin High                      $10,000.00 or more.....................0.35%
                                                           School this past year to offer our services
                                                           in financial education.                                  Share & IRA Certificates
                                                                                                                   Term                                           APY
                                                           We were pleased to be invited to speak at                6 to 11 months...........................0.40%
                                                           twelve 9th grade Consumer Economics                     12 to 23 months ..........................0.65%
Cumru Elementary - It was at Cumru                         classes about the importance of                         24 to 35 months ..........................1.00%
Elementary’s Fall Festival in October, 2011                maintaining your checking account and                   36 to 47 months ..........................1.30%
                                                           how to watch for fraud.                                 48 to 59 months ..........................1.55%
where we set up a booth to make quilt                                                                              60 months ...................................1.85%
squares. Mr. Watts, Principal, was gracious                The students were very captivated and en-
enough to let us participate in this annual                gaged. Many left with the                               YES$ Certificates
event.                                                     understanding of how important it is to                 Term                                           APY
                                                                                                                    6 to 11 months. ..........................0.45%
The purpose was to have each child                         pay attention to their checking                         12 to 18 months ..........................0.70%
create their own quilt square to be                        account and how easy it is to overdraft
 included on a quilt that would be                         your account.                                           Savings, investment and loan rates are
                                                                                                                   effective at time of printing and are
assembled and presented to the                             We look forward to returning and enter-                 subject to change. Savings and investment
students. Two hundred and thirty squares                   taining the students with some real-life                rates stated are annual percentage yields.
                                                           situations again.                                       loan rates stated are annual percentage
later, we had a beautiful quilt. This quilt                                                                        rates. Actual loan rate will be based on the
symbolized what people can do within a                                                                             member’s credit history. call us for current
community when they come                                                                                           rates and terms. rates subject to change
                                                                                                                    at any time.
together and work for a common cause.
iMpORtAnt                                  AttEntiOn MOMs And
dAtEs fOR 2012                             dAds Of GRAds....
closed
Wednesday, July 4

independence day
                                         Now that you’re child has graduated it is more
                                         important than ever to get them started on a
                                         secure financial future. Our YES$ Money Plus
closed                                   Account was designed to help young adults age
Monday, September 3

labor day                                18-22 to establish credit in a safe way.

                                         Is he or she ready to handle their finances on
                                         their own? If your teen is like many others, the
closed                                   answer to that question may be no. That’s
Monday, October 8

columbus day                             where we come in...Riverfront’s YES$ Money
                                         Plus account is designed to get your child on
                                         the road to financial independence.

international credit                     The YES$ Money Plus account offers:
Thursday, October 18

union day
                                          • FREE checking with 150 free checks.
                                          • A debit card with access to over 43,000
                                            surcharge-free ATMs nationwide.
                                          • Discounted rates for your child’s first auto
Thursday, November 22

closed                                      and personal loan with us.
and Friday, November 23

thanksgiving holiday                      • Visa credit card with a low fixed rate of just
                                            8.99% APR, no annual fees, and no cash
                                            advance fees with limits ranging from
Monday, December 24                         $300 to $1,000.
All branches close at 2:00                • Share certificates with a $300 minimum and
                                            terms from 6 to 18 months.

                                         Although your child just graduated, they still
closed                                   need you! Tell them about all the available
Tuesday, December 25

christmas                                benefits our YES$ Money Plus account offers
                                         and have them open one today!




READING 430 S. 4th Street                  SHILLINGTON Kmart Shopping Plaza                  ST. JOSEPH MEDICAL OFFICE
                                                                                             BUILDING Suite 108, route 183
             lobby          drive up                      lobby        drive up                           lobby
monday       9–5            9–5            monday         9–5             9–5                monday       9–4
tuesday      9–4            9–4            tuesday        9–4             9–4                tuesday      9–4
Wednesday    9 – 3:30       9 – 3:30       Wednesday      9 – 3:30        9 – 3:30           Wednesday   11 – 3:30
thursday     9–6            9–6            thursday       9–6          8:30 – 6              thursday     9–5
friday       9–6            8–6            friday         9–6          8:30 – 6              friday       7–5
Saturday     9 – 12         9 – 12         Saturday       9–1          8:30 – 1              Saturday     9 – 12


                                        430 South 4th Street reading PA 19602
                             610-374-8351 800-451-3477 After hours loan: 877-850-8231
                                                    riverfrontfcu.org
                                          routing (AbA) number: 231385536

				
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