Briefs
CommonWealth One Federal Credit Union November 2008
Auto loans as low as 4.24% APR for 72 months
To say that car dealers are willing to negotiate is an understatement. In this economic climate, they’re practically waiting for you at the front door with open arms. So don’t put off buying any longer. Need more motivation? How about an auto loan rate as low as 4.24% APR for up to 72 months? We don’t know if this special limited-time rate, which is Auto loan good through November 30, s as low a s will ever be available again. So, APR don’t wait. Give yourself the with check gift of a new car this year. ing bund le Contact CommonWealth One for your pre-approved loan, then start shopping. This is the time!
Is housing heating up? Don’t miss out
There are small signs here and there that the housing market is picking up steam in select markets. Sales are increasing, but prices are still down. So if you’re thinking of moving up or buying your first home, do it now. There are fantastic deals in virtually every housing market. Couple that with our special offer on adjustable rate mortgages, and you could end up with a valuable investment.
L I M I T E D T I M E O N LY
4.24%
Offer reflects .50% discount for electing automatic payments and checking bundle. Checking bundle includes: checking account, Visa Check Card, E-Statements, and direct deposit/allotment.
10/1 ARM 7/1 ARM 5/1 ARM
Adjustable Rate 6.50% APR 6.25% APR 6.00% APR
Double points + 6.90% APR = double value on Visa Platinum® November and December
Use your CommonWealth One Visa for all your purchases because the rate is only 6.90% APR on everything you charge November 1 to December 31 – holiday gifts, entertaining, travel, new furniture, new appliances, a high-def TV, and more. They’re all 6.90% APR until those purchases are repaid. That’s not all. As a holiday bonus, you’ll earn double CUReward points on charges on your CommonWealth One Visa Platinum with CURewardsTM in November and December, too. So, take your CommonWealth One Visa Platinum with CURewards shopping and leave the other charge cards at home to maximize this great double benefit.
APR = Annual Percentage Rate, and is based on applicant’s creditworthiness. 6.90% APR for all purchases from November 1 – December 31, 2008. The APR on this transaction will remain at the 6.90% rate until repaid. All new transactions made after this date will revert to prior approval rate. Double points on all purchases only eligible for Visa Platinum with CURewards card holders. Through this promotion, from November 1 – December 31, 2008, one dollar = 2 CURewards points on purchases only. This offer is nontransferable. For more details, contact us at (800) 424-3334.
Maximum loan amount is $600,000
Certificate special
Forget the bad news. At CommonWealth One, we have nothing but good news. Because for a limited time, you can earn 4.00% APY on our 14-month Share Certificate.
A minimum deposit of $2,500 in new money and checking bundle are required. This offer can be discontinued at any time.
% APY 4.00
$2,500 minimum deposit
14-month Share Certificate
Ask how you can get even better rates
$7,500 tax credit for first-time home buyers
A $7,500 tax credit is now available through the U.S. government for first-time homebuyers if : • You’re buying your first home or you’ve not owned a home in the past three years • You earn less than $75,000 annually or less than $150,000 per couple (Partial credits are available for higher incomes.) • You close on your home after April 9, Let 2008 and before July 1, 2009 us show you For more information, go to irs.gov. how you can save money on Then come to CommonWealth One to your current really save on your mortgage. mortgage. Go to Online Mortgage Center, (cofcu.org/mortgage), visit a branch, or call Mortgage Specialist Monica Malave in the D.C. Metro area at (800) 424-3334 or (703) 823-5211, ext. 7615; or Bill Savidge in Harrisonburg/Front Royal at (800) 424-3334 or (540) 438-0977, ext. 1293.
LoA n R ATe S
To 72 months1 73 - 84 months1 To 72 months
Motorcycles
(APR as low as)
New & Used cars up to 2 years old Used car: over 2 years old
4.49% 6.24% 4.49% 6.24% 6.24% 6.24% 6.49% 6.49% 6.49%
Fixed
Var.
4.49% 6.24% 4.49%
48 months (up to $10,000) 60 months ($10,000-$15,000) 72 months (over $15,000+)
New/Used boats & RVs
60 months ($0-$9,999) 84 months ($10,000-$24,999) 120 months ($25,000+)
OneLine line of credit
Limits up to $25,000 EquityPlus 90% LTV 5 year 7 year 10 year 15 year EquityLine 90% LTV EquityFive 90% LTV
Holiday Loan Signature Loan
8.00% 6.24% 6.49% 6.74% 6.99% 7.90%
4.00%2 6.24%2
36 months 9.90% 60 months 10.90% ® VISA Classic: No annual fee 11.90% Platinum: No annual fee 8.90% Balance transfers 8.90% Business loans: Call for rates or visit cofcu.org
APR = Annual percentage rates effective 11/1/08 and subject to change. 1 Terms over 60 months require minimum $25,000 purchase price. 2 Six-month intro. rate. Thereafter, prime plus margin based on creditworthiness. Some rates reflect discount for automatic repayment. LTV = loan to value.
Your savings are now insured up to $250,000
The Emergency Economic Stabilization Act of 2008 increased the NCUA (National Credit Union Administration) insurance protection on your aggregate savings up to $250,000 until December 31, 2009. The NCUA is the independent federal agency that regulates, charters and supervises federal credit unions. NCUA, with the backing of the full faith and credit of the U.S. government, operates the National Credit Union Share Insurance Fund, which insures your deposits and those of nearly 89 million accounts in all federal credit unions and most statechartered credit unions.
SAv I nG S R AT e S
Share Savings
$0 – under $2,500 $2,500 – under $10,000 $10,000 – under $25,000 5,000 – under $50,000 $50,000 and over
Portion of bal. earns:
IRA & Coverdell Share Savings
0.48% 0.48% – 0.65% 0.65% – 0.82% 0.82% – 0.90% 0.90% – 1.03% 0.85% 0.85% – 0.99% 0.99% – 1.17% 1.17% – 1.32% 1.32% – 1.57%
APY
$0 – under $2,500 $2,500 – under $10,000 $10,000 – under $25,000 $25,000 – under $50,000 $50,000 and over
Relationship PLUS Checking Less than $2,500
$10,000 avg. daily bal. to earn dividends 1.51% Money Management $2,500 avg. daily bal. to earn dividends
Win a trip to Super Bowl XLIII!
Every time you use your CommonWealth One Visa® credit card September 1 – December 31, you’ll be automatically entered for a chance to win a VIP trip to Super Bowl XLIII. The Grand prize includes 3 VIP trips for you and a friend to Super Bowl XLIII, NFL Pro Bowl, and NFL Playoff game. Each trip includes 2 tickets to the game, airfare, accommodations for 2, and a $500 NFL-themed Visa gift card. With all the shopping coming up in the next few months, be sure to use your CommonWealth One Visa credit card every time you buy so you’ll increases your chances to win.
H I G H L I G H T S Holiday closings Veterans Day: Tuesday, November 11 Thanksgiving: Thursday, November 27 Holiday Loan only 7.90% APR. There will be sales galore this holiday season, and they’ll start earlier than last year because retailers want to draw shoppers into the stores sooner. So get started early and take advantage of early-season sales with our Holiday Loan. It’s only 7.90% APR with an 11 month term. To apply, go to cofcu.org, call (703) 823-5211 or (800) 424-3334, or visit a branch.
Money Management Plus $10,000 avg. daily bal. to earn dividends Less than $25,000 1.94%
$2,500- less than $10,000 $10,000 or more
1.13% 1.13% – 1.49% 1.49% – 1.94% 1.94% –1.98% 1.98% – 2.43%
$25,000 - less than $50,000 $50,000 or more
Share/IRA Certificate
6-month $500 2.81% 12-month $1,000 3.15% 14-month ( LIMItED-tIME) $2,500 4.00% 2 2 15-month $250. 3.11% 18-month $1,000 3.22% 24-month $1,000 3.39% 36-month $1,000 3.73% 48-month $1,000 3.92% 60-month $1,000 4.14% Jumbo Share Certificates: Call for rates or visit cofcu.org Business deposits: Call for rates or visit cofcu.org.
APY = Annual Percentage Yield. Rates effective 11/1/08 and subject to change. 1 Additional deposits allowed in $50 increments. 2 Special promotions are subject to change at any time. At least $2,500 must be funds not currently on deposit with CommonWealth One.
Min. Dep.
P.O. Box 9997 • Alexandria, VA 22304-0797 (703) 823-5211 • (800) 424-3334 • Fax (703) 823-9065 Call Center Mon-Fri: 7:45am–6pm • Sat: 9am–1pm, ET Hearing impaired TDD (703) 823-3620 PhoneOne (703) 823-3510 • (800) 426-2328 VISA 24-hour info line & lost or stolen card Credit Card: (800) 654-7728 Check Card: (800) 472–3272 Credit Union Insurance Services (800) 622-1256 CommonWealth One Financial Network (866) 287-3783 www.cofcu.org E-mail: cofcu@cofcu.org We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.