January 2007 Eagle Eye Have good fortune in '06? ............... 2 Going places sweepstakes ............... 3 Turbo Tax time ................................ 3 AskJax begins this month ................. 4 Published for the Member-Owners of JAXFCU Jax Federal: A family affair As a member of JAXFCU, your family can become members. It’s one of the many ways the people you know and care about can beneﬁt from the great ﬁnancial services you’re receiving from us. If you enjoy our low loan rates and fees, superior member service, and higher savings rates, share us with your family. We're member-owned, nonproﬁt and dedicated to helping improve your family’s ﬁnancial lives today. Encourage them to become members of Jax Federal. Free tax assistance offered at JAXFCU Need help ﬁling your taxes? For the third year, several of our associates will be trained as volunteer tax counselors. Free tax assistance will be offered beginning mid-January through April 15 at our Park Street branch Monday through Friday, 9 a.m. to 4:30 p.m. This service is particularly for people of low-to- moderate income, but anyone is welcome. To schedule an appoint- ment, call (904) 475-8064. 2 • Eagle Eye January 2007 We know the holiday season When good fortune comes your way has come to an end, but... Whether expected or not, an inheritance, It's never too early to start saving up for your 2007 divorce settlement, holiday expenses! Open a Holiday Club Account severance or pen- sion payout, sale of at JAXFCU and start saving for the season. business proceeds, We offer direct deposit, and interest is earned on life insurance, legal judgments or even balances of $100 or more. lottery winnings— In mid-November the account funds are either trans- all can give you ferred into your checking or savings account or you're the equivalent of years of earnings. mailed a check. T. Vance Walker Now you’re called Save for the future without having to incur debt. Visit to switch from wealth-building mode to wealth your local Jax Federal branch, open an account online management. There are some general guide- lines that apply to almost all such transitions. or call us at (904) 475-8000 for more details.n Proceed cautiously Financial windfalls often come with emotional cost (death, injury) or can mean major change (career end or sale of business). Fortunately, most major decisions aren’t required immediate- ly. Cash can be set aside in the money market, short-term CDs or an interest-bearing account Expansion updates while you regroup. Retirement plan assets can also be left in place for a reasonable period of time. Whatever the case, give yourself some time to regain your emotional bearings and think about what uses of your new wealth will give you the most satisfaction. Where are you headed? N orthside Branch Is your sudden wealth enough that you can retire? If so, think of your assets not as a lump Our newest location opened Dec. 7 at 1440 Dunn Avenue sum but in terms of the after-tax annual income (Dunn Avenue Plaza, Suite 31), just east of Biscayne. that they can produce over the course of your The new branch is a 1,400 square-foot, state-of-the-art facility life. Is that enough to support you and your fam- ily? If you continue in your present career, do which includes automatic cash dispensers (eliminating the need you want to clear debt, cover education costs, for teller cash drawers), a coin-counting machine and drive-up invest or provide for those you leave behind? Your goals should include an update of your ATM in the parking lot. Robyn McCormick serves as manager estate plan, so as to include your increased and Sharon Peterson serves as assistant branch manager. assets. Consider a revocable living trust and/or The branch's Grand Opening is set for Jan. 8-13, so make a durable power of attorney to provide for the management of your assets in the event of inca- plans to attend. We'll be offering incentives on a variety of loan pacity. Also, learn all you can about taxation of and deposit products. your new (and existing) wealth. Looking for assistance? A We have years of experience dealing with tlantic Beach Branch the challenges and opportunities wealth present, We broke ground on our new branch in Atlantic Beach and our sole focus is the needs of our members. Through our relationship with UVest, we offer a Oct. 10. The branch will be yards away from our current wide range of services including full manage- temporary site. It's scheduled to open Summer 2007. ment, advisory, custodial services and trusts. Our goal is to work together with our clients and their tax and legal professionals to craft Visit our website (jaxfcu.org) for updates on our branch plans suited to their individual needs. Contact expansion activities. me any time at (904) 475-8261 to find out more. Securities are Not FDIC Insured, Not Bank Guaranteed, May Lose Value, Not Bank Deposits and Not Guaranteed by Any Government Agency. Securities are offered by, and Financial Consultants are registered with UVEST Financial Services, member NASD/SIPC. UVEST and JAXFCU are independent entities. UVEST Financial Consultants do not offer tax advice. For tax assistance, please refer to your accountant or other tax professional. www.jaxfcu.org Eagle Eye • 3 Don't be a victim Going Places Sweepstakes of loan fraud Contact, transact, then get your bags packed! Buying or reﬁnancing your home is one of the most important ﬁnancial decisions you’ll If you're not familiar with our partnership in the Shared Branching program, now is ever make. We're ready to help you get a great the time to get onboard. Why? Because you could win one of several wonderful prizes loan. including a cruise for two just by visiting one of our shared branches in February. However, every year misinformed homebuy- ers, often ﬁrst-time purchasers or seniors, become Shared Branching allows you to do your JAXFCU transactions at more than 2,400 victims of loan fraud or predatory lending. service centers in 41 states and six international. There are almost 200 centers in Flori- What is Predatory Lending? da alone, so visit a location for your next transaction and be registered to win! Across America, people are losing their As a Jax Federal member, you can a Shared Service Center to make deposits, with- homes and investments because of predatory drawals, loan payments and more. To use a service center, you'll need to bring your lenders who: • Sell properties for much more than they are JAXFCU account number and a valid photo ID. worth using false appraisals. To ﬁnd a Shared Branching location wherever you are, go to our website (www. • Encourage borrowers to lie about their jaxfcu.org) and enter your address or zip code in our Shared Branching locator. You income, expenses, or cash available for down payments in order to get a loan. can also call us at (904) 475-8000 or visit the Shared Branching web site at www.cre- • Knowingly lend more money than a bor- ditunion.net rower can afford to repay. You increase your chance to win every time you transact at a Shared Branch- • Charge fees for unnecessary or nonexistent products and services. ing Service Center during the month of February 2007. Look for this symbol • Target vulnerable borrowers to cash-out re- for a Shared Branching location near you! ﬁnance offers when they know borrowers are in need of cash due to medical, unem- No purchase is necessary to enter the Going Places Sweepstakes. Entrants must be at least 18 years old ployment or debt problems. • “Strip” homeowners’ equity from their to win a prize. Visit any participating CU service center in Florida for complete sweepstakes rules. homes by convincing them to reﬁnance again and again when there is no beneﬁt to the borrower. What Tactics Do Predators Use? Get the Biggest Tax Refund Possible ® SM • A lender or investor tells you that they are with TurboTax Online your only chance of getting a loan or own- It's not too early to begin thinking about your taxes. By planning ing a home. You should be able to take now, you still have time to make changes that can help lower your your time to shop around and compare taxes — plus, you’ll get an idea of how big your refund will be. prices and houses. We’re pleased to offer our members the industry leading TurboTax • The house you are buying costs a lot more than other homes in the neighborhood, but Online to help make the planning and filing process quick and isn’t any bigger or better. easy. Visit the credit union website to find ways to positively • You are asked to sign a sales contract or impact your taxes: loan documents that are blank or that con- • Identify deductions and other money-saving opportunities tain information which is not true. • Browse important tax tips and articles • You are told that the Federal Housing Ad- • Use interactive tools, like tax calculators ministration insurance protects you against property defects or loan fraud - it does not. To get started today, visit the credit union website or call 1-800-613-4406 • The cost or loan terms at closing are not what you agreed to. • You are told that reﬁnancing can solve your TurboTax and TurboTax Online, among others, are registered trademarks and/or service marks of Intuit Inc. in the United States and other countries. credit or money problems. • You are told that you can only get a good “In this world, nothing can be said to be certain, except death and taxes.” deal on a home improvement if you ﬁnance – Ben Franklin it with a particular lender. Tax news you can use... It’s our mission to encourage your ﬁnancial success. Visit your local JAXFCU branch for infor- mation about how we can safely and effectively ﬁnance or reﬁnance your home. Remember: If a deal to buy, repair or reﬁnance a house sounds Do you need to amend a prior year tax return? If so, follow these easy steps: too good to be true, it usually is! 1. For photocopies of prior year tax returns complete IRS Form 4506, “Request for Copy or Transcript of Tax Form.” Source: U.S. Department of Housing & Urban Development — www.hud.gov 2. To amend a prior year return complete Form 1040X, “Amended U.S. Individual Income Tax Return” and mail to the IRS ofﬁce in the instructions. 3. For tax assistance, see a tax professional or call the IRS at 1-800-829-1040. 4. IRS forms are available at IRS.gov or by phoning 1-800-TAX-FORM (1-800-829- 3676). 4 • Eagle Eye January 2007 What seminars do you see in the future? Atlantic Beach 1003 Atlantic Boulevard M-F: 9 a.m. - 5 p.m.; S: 9 a.m. - 1 p.m. As we ﬁnalize our 2007 Seminar calendar, we want to know what you want to learn! Whether it's more about our online Main Ofﬁce 562 Park Street services, ﬁnancial "hot topics" or explanation of our new M-F: 9 a.m. - 5 p.m.; S: 9 a.m. - 1 p.m. products and services, share your ideas with us for future Call Ctr: M-F: 9 a.m. - 5 p.m.; S: 9 a.m. - 1 p.m. Drive Thru: M-Th: 7:30 a.m. - 5 p.m. seminars. Email Doris Banks today at firstname.lastname@example.org or F: 7:30 a.m. - 6 p.m.; S: 9 a.m. - 1 p.m. call her direct at (904) 475-8013. Modis 1 Independent Drive, Suite 111 M-F: 9 a.m. - 5 p.m. Locator engines ﬁnd ATMs, Shared Branches Northside 1440 Dunn Avenue, Suite 31 (or both). The results will show a listing M-F: 9 a.m. - 5 p.m.; S: 9 a.m. - 1 p.m. of addresses within your search area. Orange Park Need additional information about 950 Blanding Boulevard #17 M-F: 9 a.m. - 5 p.m.; S: 9 a.m. - 1 p.m. where to locate a surcharge free ATM? Visit any branch location or call us Southpoint today at (904) 475-8000. For a full 4100 Belfort Road, Suite 1 Looking for a surcharge-free- M-F: 9 a.m. - 5 p.m.; S: 9 a.m. - 1 p.m. ATM or Shared Branching location? listing of Shared Branching locations Look no further than our homepage across the U.S. and internationally, visit Westside 7254 103rd Street at jaxfcu.org. the CU Shared Services webpage at M-F: 9 a.m. - 5 p.m.; S: 9 a.m. - 1 p.m. We recently added a new, easy-to-use www.creditunion.net. Call Ctr: M-F: 9 a.m. - 5 p.m.; S: 9 a.m. - 1 p.m. Drive Thru: M-Th: 7:30 a.m. - 5 p.m. locator tool to our homepage that will F: 7:30 a.m. - 6 p.m.; S: 9 a.m. - 1 p.m. help you ﬁnd what you need quickly Federal Building and easily. 400 W. Bay Street, Room 37 Simply type a zip code or address and M-F: 8:30 a.m. - 4:30 p.m. Closed for lunch 1 p.m. - 2 p.m. designate whether you're looking for ATMs or Shared Branching locations FAA - Hilliard 37075 Aviation Lane, Hilliard M-F: 8:30 a.m. - 4:30 p.m. Please call (904) 475-8165 to conﬁrm hours Got a question? AskJax! Camp Blanding What's the cost of a safe deposit box? What are our Saturday hours? This info Avenue B, Building 3121, Starke T: 9 a.m. - 1 p.m.; Th: 9 a.m. - 4 p.m.; and more is on AskJax, a new online resource developed to make it easier for you Closed for lunch 1 p.m. - 2 p.m. to learn about JAXFCU and the services we provide. State Payday at Month End: 9 a.m. - 4 p.m. AskJax can help you gain control of your ﬁnancial well-being and make Contact Information better educated decisions about choosing the best products and services to meet Call center (local) (904) 475-8000 TTY (For hearing impaired) (904) 475-8333 your ﬁnancial goals. Additionally, it provides general ﬁnancial information on a VISA Member Service (800) 654-7728 variety of topics. Telephone Banking (904) 475-VALU Look out for AskJax by mid-January on or Toll Free (866) 260-VALU CU24 ATM Locations (866) 495-CU24 our home page (jaxfcu.org). Click on the www.cu24.com AskJax logo above. Lost/Stolen Debit Card (866) 260-8258 (Please use full account number) or (800) 472-3272 Lost/Stolen VISA Card (800) 449-7728 (Please use full account number) Suggestions/Comments for JAXFCU’s Supervisory Committee may be sent to: P.O. Box 1st Quarter Holiday Closings 551321, Jacksonville, FL 32255-1321 Mail deposits or payments to: Jax Federal Credit Union, P.O. Box 2357, Monday, January 1 - New Year's Day Jacksonville, FL 32232 Monday, January 15 - Martin Luther King, Jr. Day Monday, February 19 - Presidents' Day We do business in accordance with the Federal Fair Housing Law and The Equal Credit Opportunity Act.
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