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Spring 2013 Update 888.554.2328 • www.greateralliance.org Fax: 201.986.7539 • Call 24 CU: 888.899.7480 • First Mortgages: 800.963.1937 • email@example.com Credit G R E AT E R A L L I A N C E Home Union HELP I N G O U R YO U T H Improvements 2 Youth Week For one week, Greater Alliance is o ering some great opportunities for any of our family members up to 22 years of age. Just Got Easier! .99 Greater Alliance is pleased to introduce our NEW Young Adult Kicks o Advantage Savings package. Open a youth account 2 years of age % April 22 up to 22 and receive $35.00 in your account after you A.P.R.* become member. Upon becoming a member, all young adults ages 16-22 Spring is will receive a TOTALLY FREE Checking account as well as their rst set of checks for free. Add to this on-line Bill payer when you sign up for our email in the Air! billing statements, also FREE… and no minimum deposit on our free checking accounts… t How much better can this be? Add to this 28,000 surcharge free COOP ATMs across the country! No ADDED FEES!! How Loan Special about that? ALL NEW youth accounts started Our Home Equity Line of Credit April 22-27 will receive a CHANCE TO WIN an Apple iPad or one of 25 iTunes gift cards to download is tailor made for your spring a favorite song or two just for joining… home improvement needs! Greater Alliance is a rm believer that nancial Bring your home equity loan to us and receive up to responsibility starts when you’re young and support the growing number of young adults who join us regularly. $ 1,000 cash back!** To speak with a mortgage specialist call 1-800-963-1937 or visit www.greateralliance.org COMING SOON! *A.P.R. (Annual Percentage Rate). Our Home Equity Line of Credit is an adjustable rate loan; your monthly payments may increase based upon movements in the Prime Lending Rate and/or the balance outstanding on your line of credit. The potential monthly rate changes are based on Greater the Prime Rate minus .26% over the life of the loan. Prime Rate is deter- mined as quoted in the Wall Street Journal (most recent value as of the last day of the previous month). If applicable, your payments will change on the first day of the month. At no time during the life of your loan will your interest rate go below 2.99%, nor will it go any higher than 8.99%. Mobility Your annual rate change per year can not exceed 2.00%.You can select a term of 20 years with a “draw period” of 7 years or 15 years with a “draw period” of 5 years. Loan amount is up to 75%of your home’s value (less any other liens).Other restrictions may apply. Some Non-NJ Properties Banking! may have State Tax related closing costs. Loan Rates and current offer are subject to individual qualifying factors and may change at any time without notice. **Cashback program based on 1% of loan balance trans- ferred up to a max. of $1,000. In • Credit Union Youth Week • Money Management for This • Financing Specials College Students Issue • President’s Message • Preferred Dividend Checking …Plus Much More! S T U D E N T L OA N S AVA I L A B L E President’s Message Despite the struggling New Jersey economy, we In line with our strategic plan we are in the nal stages of our remain optimistic that in 2013 we will continue newest product, “Greater Mobility”! Once released, this product to exceed our prior year’s performance. New will provide our membership with the option of integrated access Jersey, particularly Bergen and Passaic counties, and complete functionality from your Smart Phone! Pay bills, have faced signi cant challenges with regard transfer funds, or simply check balances from your Smart Phone. to employment and the value of real estate. is step to enhance our members experience is just the rst in a Fortunately, as we move into 2013 there is series of technology advancements planned in 2013. cautious con dence among many New Jersey business leaders In addition, if you are in the market for a loan, please see us that New Jersey will continue to grow. is optimism is driven FIRST! We have extremely competitive rates, we still o er our, by decreasing unemployment, business growth and slow “cash back”, option, which rewards you for bringing your loan to improvement in the real estate market. As a business partner Greater Alliance FCU. We also o er our “on-line” same day loans. in this region, Greater Alliance FCU is committed to continued We will do whatever we can to get you the loan you want! growth of our membership in addition to expanding our products and services. As we enter our 76th year of service, remember we are here for you, your family and your friends! We are truly your family federal We will focus our growth strategy on superior member service, credit union. creative new products and a keen sense of developing our youth market. While our growth and stability remain strong, we need to develop our membership base. Branch e ciency and product Patrick McGrath development will be the key to our long term success. President and CEO As reprinted from Investopedia.com/ nancial-edge by Amanda C. Haury A N N UA L M E E T I N G M O N E Y M A N AG E M E N T e Board of Directors cordially invites you to attend our 76th Annual Meeting at our Paramus headquarters on 40 West Century Road, the meeting will begin FOR COLLEGE STUDENTS at 3:00pm on Wednesday, May 22nd, 2013. Come help us celebrate a great year for Greater Alliance Federal Credit Union and our Valued Members. Entering college is an exciting and sometimes intimidating venture Election Notice: Any Member in good standing of the Greater Alliance for many students. Leaving high school and entering a Print college or FCU interested in becoming a candidate to ll expiring terms on the Board of university is a big step, and it is often the rst time many young adults Directors must le a letter of intent with the Nominating Committee at our taste the freedom of the real world and venture out from the warmth Headquarters no later than April 16, 2013. and safety of their parents’ homes. ere are many di erent tasks that Interested Candidates should include the following information in their letters: need to be juggled in Reprints order for a student’s college experience 1. Source of membership eligibility and length of membership in the credit union. 2. Present employment position. 3. Credit union committee experience. to be successful. From studying and attending classes, to networking 4. Experience in nance, economics, personnel or marketing. 5. Leadership and maintaining nances, there is much that a college student must positions. 6. Associational, organizational a liations. 7. Availability to meetings, tackle. One speci c area where many college students have di culty is regular semi-monthly, monthly and special committees. 8. Goals and objectives Feedback learning to budget e ectively. Here is a look at how college you may have for GAFCU. 9. Other relevant background information. students can more e ectively manage their money while furthering All eligible candidates will be interviewed by the Nominating Committee by May their education. 2, 2013. e Nominating committee will select a slate for election. Candidates not selected may appear on the ballot by lling a petition with GAFCU which • Enroll in a Meal Plan contains the signatures and addresses of not less than one percent of current membership in good standing. e petition must be submitted by May 10, • Share Expenses with a Roommate 2013. Additional election information may be obtained from the credit union. • Watch out for Impulse Spending • Determine What Is Essential and Non-Essential • Saving Money on Supplies e Bottom Line Entering college is an exciting milestone, and if this is your rst time away from home, it can also be nerve-inducing. Get started on the right Get Out of Debt, Stay Out of Debt! foot nancially by taking the necessary steps to ensure a sturdy budget April 18, 2013 when you step foot onto the campus. For more information, please see the back cover. S H A R E U S W I T H YO U R F R I E N D S A N D FA M I LY ! C O M M E R C I A L L E N D I N G D E PA R T M E N T N O W O P E N All banks have loan rates… but a If you are tired of paying the high interest rates on 4 any of your credit cards or personal loans… Greater Alliance loan will save you money! Starting as low as WE KNOW WE CAN HELP!!!! .99% If you’d like to have more money in your pocket… * WE ARE POSITIVE WE HAVE THE ANSWER!! for up to 4 years All individuals who bring their credit card debt to Greater Alliance and qualify will be eligible for on your next our Cashback program**… debt consolidation STOP BY TODAY!! or personal loan. *Our floor for this promotion is 4.99% for up to 4 years. **Cashback program based on 1% of loan balance transferred up to a max. of $1,000. New Adjustable Rate Mortages New Adjustable Rate Mortages Please call our call center NOW AVAILABLE!! NOW AVAILABLE!! for more information. Our Preferred Dividend Checking Account Vehicle Vehicle Finance Finance 2.25 1 earns… % .99 % Rates as low as APY* A.P.R. for Requirements: 48 months MINIMUM balance of $175 Ten Debit Card Transactions per month (signature based) One Online Home Banking/Bill Payer (each month) and sign up for eStatements A.P.R. (Annual Percentage Rate) **1.99% refers to individuals who qualify and open a checking account with payroll deduction/direct deposit. Rates as low as 2.24% for Direct deposit or Payroll Deduction. qualified buyers who do not open a checking account through payroll deduction/direct deposit. Actual rate may vary based on credit worthiness and subject to change without Two ACH Bill Pays (must be ACH Debit) notice. A Greater Alliance CASHBACK PROGRAM refers to any loan balance you bring from another financial institution to us for refinancing. Cashback is based on 1% *2.25% APY for balances up to $25,000 when all criteria are met. .50% APY on all of the amount being refinanced up to a maximum amount of$1,000. Automobile loan balances above $25,000 when all criteria are met. .05% APY when criteria are not titles with recorded lien holder information must be received by the credit union before met. Rate is subject to change without notice any Cashback Incentive will be paid. N E E D A L OA N ? C H E C K O U T G A F C U ’ S R AT E S ! SHARE & IRA CERTIFICATES Pick The Terms That Work For You! SAVE THE DATE! Effective April 1, 2013 Get Out of Debt, Stay Out of Debt! CERTIFICATES IRA If debt is dragging you down, take control of debt Term Rate APY* Rate APY* before it takes control of you! 3 Month 0.15% 0.15% 0.20% 0.20% ere’s no cost to attend. At the seminar, you’ll learn about 6 Month 0.25% 0.25% 0.30% 0.30% the di erent kinds of debt, bene ts and costs of credit, warning 12 Month 0.50% 0.50% 0.55% 0.55% 24 Month 0.80% 0.80% 0.85% 0.85% signs you have too much debt, what’s in – and how to get – 36 Month 1.24% 1.25% 1.29% 1.30% your credit reports and credit score, how to tackle your debt, 48 Month 1.54% 1.55% 1.59% 1.60% how to rebuild good credit, and – most importantly – how to 60 Month 1.78% 1.80% 1.83% 1.85% stay out of debt. Share and IRA Certiﬁcates minimum deposit: $500. ursday, April 18, 2013 • 5:30PM *Annual Percentage Yield (A.P.Y.). Annual Percentage Yield shown is as of date of publication and is subject to change without notice. Community Room, Greater Alliance, 40 West Century Road RSVP to Johana Gomera at 201-599-5607 S AV E T H E DAT E ! HOME EQUITY RATES Home Equity Loan Rates Have Monday, August 12 , 2013 Never Been Better! Apple Ridge Country Club At Greater Alliance FCU, our home equity loans are the answer to almost Please call Ana Suarez any cash crunch! From home improvements to educational expenses, you at 201-599-5613 for more details can depend on Greater Alliance FCU to give you the relief you need. Visit www.greateralliance.org today for more information! Greater Alliance Loan Type Rate Comments 30 th Annual The “Greater” Home Equity Line of Credit .26% Below Prime (2.99% Floor and 15 or 20 Year Amortization G lf an 8.99% Ceiling) 5 Year 3.49% 5 Year Outing Fixed A.P.R. Amortization 10, 15 and 20 year terms are also available. *A.P.R. (Annual Percentage Rate). Fixed equity rates are based on individual qualifying factors. DIVIDEND RATE SCHEDULE FIRST QUARTER 2013 Account APY Account APY SHARE SAVINGS PLUS CHECKING ($175 and up) 0.05% ($175 and up) 0.05% A Greater Way to Bank +Greater Checking Special Share Draft 0.05% GENERAL INFORMATION BRANCH LOCATIONS (High Yield) VP, Administrator – 40 W. Century Rd., Paramus, NJ 07652 Holiday/Vacation Club 0.10% ($2,500 to $49,999) 0.15% Glenn Guinto, ext. 266 359 Main St., Hackensack, NJ 07601 Youth Share Savings 0.10% ($50,000 to $74,999) 0.35% Branch Manager, Hackensack – 66 Hamilton St., Paterson, NJ 07505 over $75,000 0.50% Ellie Lombardo, ext. 261 Paramus and Hackensack Hours +Share rates for March are paid monthly. Branch Manager, Paramus – Lobby: M-W 9-5; Th-F 9-6; Sat 9-1 Dina Tarabocchia, ext. 259 Drive up: MTWF 8-6; Th 8-7; Sat 9-1 Branch Manager, Paterson – Juan Bustos, ext. 700 Paterson Hours MTWF 7:30 – 3:30; Th 7:30 – 5 HOLIDAY CLOSINGS Call Center Manager – Call Center: 888-554-2328 Memorial Day ...................................... Monday, May 27, 2013 Amanda Caycho, ext. 215 H AV E A H A P P Y A N D H E A LT H Y S P R I N G ! !
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