NEPAFCU-1strd quarter-Newsletter2-10.indd - NEPA Credit Union by xiangpeng


									Better Banking
                                                                                                       1st Quarter 2010

      A publication for the valued members of the NE PA Community Federal Credit Union

  Visit our
  for details.

     A Better Way to Borrow!
  Student Visa
  Student Loans
Reach Your Dream of a Higher Education
At NE PA Community FCU we o er you a               Parent/Guardian Bene ts:
better way to pay for your higher education         • Cosigning your child’s loan – your better                  Improved
costs with our specially-designed members’            credit history will save as much as
only programs. Each year the cost of a college        thousands of dollars in interest over the life             Home Banking
education increases, making higher education          of the loan                                                Spring is a time when change occurs,
more di cult for many to obtain. e expense          • Borrowing as little as possible – planning                 from blooming owers to green leaves,
forces many students, both traditional and            with your child how much is required                       to our Home Banking. Our system
                                                                                                                 will be upgraded with a new look,
non-traditional, to turn to student loans. As         for the current semester and borrow
                                                                                                                 intergrated bill payer, and provide
part of our commitment to our members, we             accordingly. With our simple process, you
                                                                                                                 access with mobile phones. Please
now o er our private student loan program –           can always borrow more later
                                                                                                                 check our website for additional
the EdAccess Loan.                                  • Encouraging your child to do well in school                information.
                                                      – we reward class standing and GPA; better
  e EdAccess Loan is a student loan with              grades equals lower interest rates                          In this Issue
countless bene ts to both students and their        • Cosigner release – available once the                       Ask Bettyanne
parents or guardians.                                 borrower has made 24 on-time payments                       See page 2
                                                      of principal and interest and meets certain                 Privacy Policy
Student Bene ts:                                      credit criteria                                             See page 2
• Deferred payments for six months after you                                                                      50th Anniversary Schedule
  graduate; up to 10 years to repay the loan       Please visit our website and click on the
                                                                                                                  See page 3
• Borrow $2,500 - $15,000 per year; less than 15   “Student Loan Center” option for valuable tips
  minutes to apply                                 on smart ways to borrow, as well as additional                 Funds Availability Policy
                                                   student loan programs we o er. Remember,                       See page 3
• Competitive interest rates – and with good
  grades, get even lower rates                     it is best to apply for a private student loan                 Faster Than the Speed of Light
• 1% interest rate reduction – once you have       AFTER you have explored and exhausted                          See page 3
  repaid just 10% of the loan                      all federal aid, grants, Federal Loans, and                    Holiday Closing
• 30 day no-fee return policy – nd a cheaper       scholarship options.                                           See page 3
  way, you can cancel the loan                                                                                    50 Years of Credit Union Service
• Use for all education expenses – tuition,        Call today and nd out how NE PA Community                      See page 4
  room & board, books, computer.                   FCU can help ll the funding gap for your or
                                                                                                                  Credit Union Youth Week
                                                   your child’s education.                                        See page 4

Monroe and Pike Counties’ Community Credit Union
Ask                                          are actually available for less than their    Privacy Policy
                                             used counterparts. Check it out at www.       To assure the continued privacy and
Bettyanne                           Remember knowledge is            con dentiality of personal      nancial
                                             power and there is a lot of information       information, your credit union observes
Hopefully by the
                                             available on the internet. Don’t have         these practices and procedures:
time this column
hits print, the                              the internet, or need help, stop by the
                                             credit union o ce and talk to one of our      INFORMATION WE COLLECT – We collect
Toyota         recall
                                             quali ed Loan O cers.                         nonpublic personal information about you
will have been
                                                                                           from some of the following sources:
addressed        and
most cars repaired.                          When you are in the market for a new
                                             or used vehicle, you may nd yourself           •Information we receive from you on
I remember when another manufacturer
                                             having to drive farther for the model you       applications or other forms, such as
had a problem with a new model vehicle.
                                             want, since some local dealerships no           name, address, social security number,
It was recalled before the factory was
                                             longer carry all the brands they used to.       assets, and income.
able to re-tool for the change needed.
    e inventory of that model could not         at may make it appear inconvenient to
                                             travel back and forth to do your vehicle       •Information about your transactions
be sold until parts were available to x
                                             loan with the credit union. We want             with us, our a liates, or others, such as
it. New owners were afraid to drive their
                                             you to know that as long as your vehicle        your account balance, payment history,
vehicles due to the safety hazard and
                                             is worth what you need to borrow, we            parties to transactions, and credit usage.
loaner vehicles were not available. In the
end all a ected vehicles brought in were     now o er better re- nancing terms.
                                             In plain language that means you can           •Information we receive from a consumer
upgraded and many are still on the road
                                             take advantage of any loyalty rebates or        reporting agency, such as your
                                             customer cash back options o ered by            creditworthiness and credit history.

I hear dealer commercials saying “used       the dealer and still bring your loan to us.
                                             We will o er the same rate to you as if       INFORMATION WE DISCLOSE – We may
is the new way to go”. I did a little
                                             the loan was originated by us in the rst      disclose all of the information we collect
research and found a comparison done
                                             place. at could add up to substantial         as described above, and as permitted by
by that used its True
                                             savings. is is not a sale but another         law, to companies that perform marketing
Market Value analyzer and compared
                                             example of how your credit union helps        services on our behalf, or to other nancial
new car prices with one year old certi ed
                                             you save money.                               institutions with whom we have joint
used car prices for the same vehicle. You
                                                                                           marketing agreements. We may also
will be surprised by how many new cars
                                                                                           disclose information about you under
                                                                                           other circumstances as permitted by law.

                                                                                           OUR SECURITY MEASURES – We restrict
                                                                                           access to nonpublic personal information
                                                                                           about you to those employees who need to
                                                                                           know that information to provide products
                                                                                           or services to you. We maintain physical,
                                                                                           electronic, and procedural safeguards that
                                                                                           comply with Federal regulations to guard
                                                                                           your nonpublic personal information.

                                                                                           Credit union members and the public
                                                                                           may receive copies of this notice of
                                                                                           privacy practices by contacting the credit
                                                                                           union. is notice meets the noti cation
                                                                                           requirements of the National Credit Union
                                                                                           Administration Rules and Regulations on
                                                                                           Privacy of Consumer Information, Part 716.

50th Anniversary Schedule                                                                                               Funds Availability
                                                                                                                        Policy Change
                                                                                                                        Due to the recent consolidation of the
                                                                                                                        Federal Reserve Bank’s Check Clearing
                                                                                                                        Facilities, our ‘Funds Availability Policy’
                                                                                                                        has changed. Our ‘Funds Availability
                                                                                                                        Policy’ a ects your Share Draft/
                                                                                                                        Checking account. Funds from your
                                                                                                                        check deposit made into your Share
                                                                                                                        Draft/Checking account may not be
                                                                                                                        available until the second business
                                                                                                                        day after the day of your deposit.       is
                                                                                                                        change expedites the availability of your
Founder’s Day
The credit union celebrated the 50th anniversary of its chartering on January 14, 2010. Comments
were o ered by Mark Filbert, President/CEO, and David Piatt, Board of Directors Chairperson.
Celebration included cake and bronze commemorative coins. Dr. Jerrold Fritz ( first member of
the credit union and current Treasurer) served cake to the members, sta , and board of directors
that were in attendance.

Cookbook is on Sale!
Our 50th Anniversary Cookbook is on
sale now. See what the members of NE PA
Community Federal Credit Union like to
cook up in their kitchen! e cost is $10.00
per cookbook. All pro ts will go to bene t                                                                              Faster Than the
the Salvation Army. Stop by and pick up                                                                                 Speed of Light
your cookbook today!                                                                                                    With the recent changes to the Federal
                                                                                                                        Reserve Bank’s Check Clearing Facilities,
                                                                         $50 Gift Card Giveaway
                                                                         What happens if you share your birthday        our credit union will begin to use
                                                                         with the credit union? Ask Kevin Belles eld.   technologies to clear checks faster to the
                                                                         He received a $50 Visa Gift Card.              paying nancial institutions. In the very
                                                                                                                        near future, we will begin to convert the
                                                                                                                        paper checks that are deposited at our
                                                                                                                        credit union into an electronic image for
                                                                         Upcoming 50th Anniversary Events               processing. Most times, checks that you
.50% APR* off                                                             Tuesday, April 27, 2010                        negotiate (deposit, make loan payments,
                                                                         Spring Prize Giveaway Drawing (during          cash checks, etc.) at our credit union
Vehicle Loans                                                                                                           will clear the paying nancial institution
Want that convertible you saw for sale?                                  the annual meeting)
                                                                                                                        within one to two days.
What about a truck to tow around your                                    Friday, April 30, 2010
lawn equipment? Whatever the reason you
                                                                         Arbor Day Tree Planting
are in the market to purchase a vehicle, we
have a deal for you. If you purchase a 2007                              May 15 – June 15, 2010                         Holiday Closings
or newer vehicle between April 15 - May 31,                              Most Visa Check Card Transactions wins            • Monday, May 31, 2010
2010, you will receive an additional .50%                                a $100 Visa Gift Card.                              Memorial Day
APR* o our already low rates. Visit www.                                                                                   • Monday, July 5, 2010 to apply online today!                                       Call the credit union for complete details.         Independence Day
*APR = Annual Percentage Rate. Call credit union for complete details.

     Monroe And Pike Counties’ Community Credit Union
     935 Clay Avenue, Stroudsburg, PA 18360

    A Better Way to Bank.                    
This Year’s 2010 Annual Meeting Represents                                                  Credit Union
50 Years of Credit Union Service                                                            Youth Week!
Ever wonder what your credit union has been doing each year? What better way to nd
out then by attending your credit union’s 50th Annual Meeting, held on Tuesday, April 27,
2010 at the Pocono Inn Towne, 700 Main Street, Stroudsburg, PA. e evening begins with
a cash bar at 5:30 p.m. e Gourmet Bu et will begin at 6:30 p.m. e Gourmet Bu et cost
is $25.00 and includes entertainment, prizes, and favors.

   e business meeting will begin after dinner and include the Meritorious Service Award
and the Dr. Alfred Sumberg Founder’s Award presentations. Reports will be heard, and the
election of Board members will be held. David Piatt, Chairperson, will preside over the     Help us celebrate National Credit Union
meeting and the door prizes giveaway. Don’t delay-attendance is limited to the rst 150      Youth Week from April 19-23, 2010. At
members, so make your reservations right away! Complete and submit the form below, or       this special time of year, we celebrate the
call us at (570) 421-5585 x 1124 to reserve your seats. e reservation deadline is Friday,   younger members of our credit union and
April 23, 2010.                                                                             promote fun with nancial education.
                          Gourmet Bu et Menu Includes:
                                                                                              • Games and prizes for the kids in the
    Tossed Garden Salad                            Medley of Seafood a la Newburg               credit union lobby everyday that week
    Old Fashioned Red Skin Potato Salad            Rice Pilaf                                   from 3:00pm-5:00pm.
    Medley of Fresh Fruit                          Oven Roasted Potatoes
                                                                                              • For the older kids, we will be holding
    Roast Top Sirloin of Beef, Au jus              Vegetable of the Day
                                                                                                a “College Readiness Night” on
    Baked Virginia Ham with Fruit Glaze            Desserts
                                                                                                Wednesday, April 21, 2010 at 6:00pm-
    Chicken a la Kiev                              Co ee, Tea, Decaf, Iced Tea                  7:30pm.      e workshop will include
                                                                                                a student nancial advisor and
      50th Annual Meeting Reservation Form                                                      information regarding our new student
      Reservation(s) due April 23, 2010                                                         loan program. Please call Holly Wilds by
      Please reserve     place(s) $25.00 each for the 50th Annual Meeting                       April 16, 2010, at (570) 421-5585 x1113 to
                                                                                                reserve your spot.
      & Gourmet Bu et April 27, 2010
      Name:                                                                                 Don’t forget to visit the online resource
      Name(s) of Guest(s):                                                                  Googolplex, on our website, where kids
      Account #:                                                                            of all ages can have fun learning about
                                                                                            earning, saving, and spending money.
      q Check enclosed q Withdraw from Account q Savings q Checking
      Mail or bring to: NE PA Community FCU, 935 Clay Avenue, Stroudsburg, PA 18360


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