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Bank Information Phone: (Switchboard) 505-753-2136 Web page: www.vnbnm.com Fax: 505-753-4877 Address: 322 N. Riverside Española NM 87532 Hours: Main Lobby Mon-Thurs. 9 am—4pm Friday 9am-6pm Drive Through Mon-Fri 8am-6pm Dial-A-Bank 753-3961 1-888-330-3961
VNB March 2008 Newsletter Email comments to: gtbrazil@vnbnm.com
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Bank to Introduce Overdraft Privilege in March
This March, Valley National Bank (VNB) will usher in “Overdraft Privilege,” a new discretionary service designed to help guard eligible customers against having items returned by VNB. At VNB’s discretion, each eligible customer will be provided a specific Overdraft Privilege limit—depending on the type of account they have. NSFOverdraft fees are included in the Overdraft Privilege limit. How Does It Work? If a customer makes a purchase and does not have sufficient (enough) funds (money) in their Checking Account to cover the purchase, VNB may elect to cover their overdrafts up to their Overdraft Privilege limit. As long as customers remain in good standing, make regular deposits into their accounts, bring their account to a positive balance within 30 calendar days and maintain a positive balance for one processing day, they will continue to receive Overdraft Privilege. Customers will be charged a $25 fee for each item presented against insufficient funds. For more information about Overdraft Privilege call Valley National Bank during regular hours at 505-753-2136.
Free Checking, Online Banking Services Available at VNB
Valley National Bank (VNB) is committed to providing its customers a variety of financial products and services. One of VNB’s most popular checking accounts is the VIVA FREE Checking. Customers can open a VIVA account with as little as one dollar ($1). There is no monthly minimum balance required and no monthly service fee. Customers also get their first box of checks FREE and unlimited check writing privileges. Another popular checking account is VNB’s VANTAGE 50, for customers 50 and over. One hundred dollars ($100) opens an interest bearing account and customers get one box of free checks per year. There are no monthly service fees and VANTAGE customers receive FREE cashiers checks and FREE money orders. Online Banking VNB offers safe and secure online banking services that allow customers to check their balances, reconcile accounts, transfer funds, view statements and pay bills. Cash management, which caters to the business secValley National Bank’s Customer Service Team is available to help you find the checking, savings or retirement product that suits your needs. Call VNB at 505-7532136 and ask for a Customer Service Representative— pictured: (Standing l to r) Evangeline Martinez, Wayne Sanchez, Angela Padilla, Rose Salazar and seated, Crystal Atencio.
Valley National Bank would like to thank the many Loyal Customers who have generously donated canned goods and provided other support to the San Martin de Porres Soup Kitchen. Continued support is encouraged. Groceries and canned goods can be dropped off at VNB during regular bank hours, or call Sandy at 7475259 for info.
tor, is also available at VNB. “For customers, online banking translates into saving money and time, “ says VNB’s Chief Information Officer Rick Carlisle.
VNB Residential Mortgage Department: Rates are Low
Now could be a great time to refinance your home or purchase a new one, says Valley National Bank Residential Mortgage Lender Eddie Miera. “Rates are at the lowest that I’ve seen them in 30 to 40 years,” said Miera, a longtime area Lender. “The local Housing Market, according to the Realtors Association, is looking promising for the 2008 second quarter.” Call Eddie at 7475219 for updated rate information.
Eddie Miera
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VNB Top Employees Recognized
At a staff meeting on Jan. 30, Valley National Bank’s management recognized the bank’s top employees. Lisa Montoya and Lili Molina were named VNB’s Co-Employees of the Year (2007). Lisa, who works in VNB’s Loan Support Department, has been employed at the bank for 2 1/2 years. Lisa is from Truchas and has three children. Lili, Operations Support, has worked for VNB since 1997. She enjoys working in the accounting field and is continuing her education by pursuing a Finance degree. Originally from California, Lili loves the blue skies, majestic mountains and diverse cultures of New Mexico. She has two children. Sandy Garinger of El Rancho was named the VNB Community Volunteer of the Year. Sandy has worked in Operations and Bookkeeping for three years. Sandy enjoys volunteering in the community and enjoys the outdoors. VNB Vice-President and Chief Information Officer Rick Carlisle was named the Employee of the Quarter. Rick, from Santa Fe, has worked at VNB for the past three years. He has two children.
Valley National Bank’s Co-Employees of the Year (top) Lili Molina and Lisa Montoya
Scholarship Available
Applications for the Tom Cook Student Scholarship are now available online at www.vnbnm.com The $1,200 Tom Cook Scholarship is open to Senior High School students from EspañolaValley High, Coronado High, McCurdy High and Mesa Vista High. For information, call Scholarship Administrator David Ortiz at 505-
Longtime VNB Customer Wins Laptop
Valley National Bank’s Online Banking contest culminated with a drawing for a laptop computer held at the bank in late January. The winner of the laptop was longtime VNB customer Emily Martinez of Española. The Online Banking campaign began on Sept. 20, 2007, with the VNB Customer Appreciation barbecue. For information about VNB’s Online Banking services call 505-753-2136.
Emily Martinez, center, won the VNB laptop computer. Pictured l, Emily’s daughter Maureen Martinez and r, Lillian Martinez, VNB Ex. Vice-President.
Common Financial Mistakes That Could Cost You Money
Saving for the future is a great way to ease your mind—as well as your family’s!
Time and money are two things that can easily slip away from us. Obviously, we have no control over time. To an extent, we do have some control over the money that we can or cannot accumulate over a lifetime. So what are some common financial blunders that we should try to avoid? The Feb. 2008 issue of Consumer Reports identifies a dozen money mistakes that could cost individuals a cool million dollars over a lifetime. Here are some of the errors: Underfunding a 401(k). The report recommends contributing to a 401(k) as much as you can afford. Cashing out your 401 (k) because of a career change is another mistake, according to the report. Carrying a credit –card balance is also a big no-no. Maintaining an unhealthy lifestyle can cost a person additional money when it comes to things like life insurance premiums and long range health costs. Other financial slip-ups include overpaying for your mortgage, launching a divorce war, falling for scams and underinsuring your home. Member FDIC
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