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                                                                                                                                                   Save when you
                                                                                                                                                   buy a home
                                                                                                                                                   page one

YOUR ALLEGACY NEWSLETTER                                                                 2nd Quarter - 2010                                        Manage debt
                                                                                                                                                   close to home
                                                                                                                                                   page two

THREE WAYS TO SAvE mONEY                                                                                                                           FinanceWorks

WHEN BUYING A HOmE                                                                                                                                 is here!
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Buying a home is one of the biggest purchases you’ll make. So we want to make sure
you get the biggest savings possible. And now, Allegacy has three ways you can save
on the purchase of a new home if you buy, or are under contract , on or before                                                                     Paying for
April 30, 2010. Smart homebuyers are buying – and saving – now!                                                                                    college
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save when you borrow                                             save when you file
At Allegacy, you’ll find competitive                             The Worker, Homeownership, and Business
mortgage rates. And, if you                                      Assistance Act of 2009 has expanded the
already have a home in mind, you can                             tax credit of up to $8,000 for qualified
lock it in for up to 55 days to avoid                            first-time homebuyers to include up to
rising interest rates.You’ll also find                           $6,500 for qualified move-up/repeat
one of the lowest origination                                    homebuyers purchasing a principal                              Save when you buy or sell a home
fees around (which can save                                      residence. And the deadline has been                           with Allegacy Realty's rebate!
you thousands on the total cost of                               extended; the tax credit now applies
your mortgage), as well as several                               to sales occurring on or before                                    HOME           REBATE
loan options to fit your needs,                                  April 30, 2010 as long as they                                   SALE PRICE     TO MEMBER*
including our new FHA and VA                                     close by June 30, 2010.**
loans! Making sure you pay less                                                                                                    $100,000        $600.00
on rates and closing costs – that’s                              Three big savings on your one biggest
                                                                                                                                   $150,000        $900.00
one of the ways Allegacy helps you                               purchase is one reason why smart
                                                                 homebuyers are shopping at Allegacy.                              $200,000        $1,200.00
save on your biggest purchase.
                                                                 To find out how Allegacy gives you                                $250,000        $1,500.00
save money when you buy                                          more ways to save on a new home
                                                                 now and all year long, contact us.                                $300,000        $1,800.00
Allegacy Realty offers an exciting
rebate program* for both buyers
and sellers when using one of our                                    Call 336.774.3400 or visit
qualified agents. Calculate your                            for more info
potential savings today by visiting We’ll also save
you time with helpful home searching                                 Visit or call
tools and save you hassle by making                                  336.774.3700 to learn more
the process simple and easy.
Amounts vary according to agent commission rates. Examples shown are based on 3% commission. Terms and conditions apply.
Must be an Allegacy member with qualifying services. **To find out if you qualify for a tax credit, visit
       our serviCe
       to you, allegacy owners
                                                                     we promise to treat
                                                                     you with the respect
                                                                     deserving of an owner                 2
                                                                                                                   we promise to find
                                                                                                                   ways to offer simplicity
                                                                                                                   and convenience                        3
                                                                                                                                                                   we promise to
                                                                                                                                                                   take ownership
                                                                                                                                                                   of your request

The solution to debt management may be the four walls you call home.

home equity loans are available for up to 100% of the equity in your home at very reasonable rates

Americans value family and – no                                 When used responsibly, a home equity                         A home equity loan from Allegacy
question – coming in a close second                             loan can provide much-needed funds                           can help you manage debt more
is our home, where our children took                            without tapping into credit cards.                           effectively and responsibly. And loans
their first steps. Where they’ll return,                                                                                     are available for up to 100% of the
                                                                Some home equity loan products also
all grown up, with kids of their own.                                                                                        equity in your home at very reasonable
                                                                provide the added peace of mind of
Even during the recent financial crisis,                                                                                     rates, which is unusual for financial
Americans can still count on the equity                         a fixed rate. Simply put, this means
                                                                                                                             institutions, especially in this economy.
in their homes. For many, borrowing                             the monthly payment is always the
against that value with a home equity                           same every month for the life of loan,                       For more information, call Member
loan can help them make smarter                                 which can range from 1-30 years.                             Services or visit
financial choices about managing debt.

A Home Equity Loan is defined as          ...... AMERICAN CONSUMER DEBT & EqUITy FACTS .........
a form of credit in which your home
                                             •	 Average per-household debt in                                         •	 You can deduct interest* on up to $1
serves as collateral. That means you
                                                the U.S., not counting mortgage                                           million when you use home equity
can borrow against the equity in your
                                                debt, is about $14,500.                                                   funds to improve a first or second
home to finance life’s larger expenses,
          like a college education and       •	 A typical American family today                                           home. You can deduct interest for up to
                  emergencies such              pays about $1,200 annually                                                $100,000 when you use home equity
                    as medical bills or         in credit card interest.                                                  funds for non-home-related uses.
                      unexpected repairs.    *Some restrictions may apply. Consult a tax advisor to learn more about the savings associated with home equity loans and lines of credit.

                           The mission of allegacy Federal Credit union is to help you make smart financial choices.
                        Rachel Carico, Loan Interviewer,
                       Tobaccoville Financial Center

                                                           For member Services, call 336.774.3400 (Local) / 800.782.4670 (Toll-Free)
                                                           To receive this newsletter online, visit
                                                           For news & tips, follow us on         Facebook/allegacy and   Twitter @allegacy
4                                                                                     5                                                       6
      we promise to recognize your needs and                                                   we promise to ensure                                    we promise to express
      recommend innovative solutions that will                                                 the security of your                                    our appreciation for the
      help you make smart financial choices                                                    financial information                                   opportunity to serve you

                                           ask                                                                                                                                     is here!
              Question? Email it to                                                                                                                            for those of us leading
                                                                                                                                                               multitasking lifestyles,

Q        Is it true that I can refinance my
                                                                                                                                                               keeping track of your

                                                                                                                                                               financial information
         auto loan to a lower rate?
                                                                                                                                                               just got easier.
    Yes! And now is the perfect time to
    re-evaluate your current loan (even if it's                               FinanceWorks is a handy FREE tool from Allegacy that lets you spend less time
                                                                              analyzing your finances and more time doing things you love. FinanceWorks allows
    with another lender) and see if you can
                                                                              online management of over 16,000 financial institutions, so even accounts not with
    trade in your old auto rate for a lower one
                                                                              Allegacy can be viewed in one place.
    here at Allegacy.
                                                                              With just one log-in, you can connect and manage all of your financial accounts.
    Refinancing an auto loan is a simple
                                                                              Have two checking accounts, a credit card and 401(k)? No problem. FinanceWorks
    process that can end up saving many car                                   can pull all of your financial data into one streamlined budget summary. Allegacy has
    buyers a substantial amount of money on                                   promised to find ways to offer simplicity and convenience to you, our members, and
    their monthly payments and over the life                                  we feel FinanceWorks does exactly that!
    of the loan. Basically, it involves getting
                                                                              Online budgeting through FinanceWorks will save you time and money – two things
    a check from your new lender, which you
                                                                              most of us can’t get enough of these days. With tax season upon us, FinanceWorks
    use to pay off the old loan. Then, you start                              will even link to TurboTax and create a Tax Watch report to help you begin tracking
    making payments to your new lender.                                       tax-deductible expenses for next year. Just another way Allegacy is offering

Q                                                                             simplicity and convenience to our members.

         What will it actually cost me to                                     To get started using this fun and FREE budgeting tool, simply log-in to Allegacy
         refinance my auto loan?                                              WebBanking™ and click on the FinanceWorks link. A step-by-step guide and a video
                                                                              demo are both available to help you get started.
    The fees associated with refinancing an
    auto loan are actually very minimal. Some
    people mistakenly think an origination fee                                   Don't have WebBanking? Call Member Services today at 336.774.3400
    is required. This is not true at Allegacy.

    The only fees you can expect to pay when
    refinancing your auto loan with Allegacy
                                                                              Maturing certificate? Help improve your returns.
    are a $5–10 standard transfer of lien fee                                 Although certificate rates are low, additional options are available. If you have a
    and $5-75 in-state re-registration fee.                                   certificate maturing or you're looking for other fixed-rate income alternatives, you
    With costs this nominal, you have nothing                                 could benefit from a complimentary financial review with a CFS** Financial Advisor
    to lose. Call us at 336.774.3400 today                                    at Allegacy Investment Group.
    to learn how much you could save by
    refinancing your auto loan with Allegacy!                                    Call to schedule an appointment today at 336.774.3400

**Products and Services offered through CUSO Financial Services, L. P., (CFS), are: not NCUA or NCUSIF insured, not credit union guaranteed and may lose value. Investment Representatives are employees of Allegacy and
registered through CFS. Allegacy is in partnership with CFS (Member FINRA/SIPC) and SEC Registered Investment Advisor.
All investment products and services are offered through CUSO Financial Services, L.P. (CFS), an independent broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. As broker-dealer, CFS registers and
supervises Investment Representatives employed by Allegacy. Allegacy Investment Group is a marketing name used for the department where investment products and services are provided by CFS Investment Representatives at
Allegacy Financial Center locations. Allegacy is in partnership with CFS.
                          April                                 allegacy's annual meeting

                                                                      APRIL 15, 2010 at 5:30 Pm
                                                        Allegacy’s Westbrook Plaza Financial Center
                                                               in the RJR Community Room


                                                                                                               workers' compensation
                                                                                                                   April 7 at 11:00am
                                                                                                              engaging the workforce
                                                                                                                in a down economy
                                                                                                                  April 20 at 11:30am
         Getting an education is the smart                                                                  income alternative strategies

         choice with help from Allegacy                                                                     hosted by Allegacy Investment Group**
                                                                                                                   April 27 at 6:30pm

    Sometimes figuring out the best way to pay for college can be even more
    complicated than the application process.
    Luckily, Allegacy offers quick, simple and helpful ways to manage planning
    and paying for college. We can’t write your essays for you, but we can ensure that
    financing college will be considerably less stressful than an all-night study session.
                                                                                                               homebuying workshop
    If you are just starting out and looking to plan ahead, Allegacy can help establish a                          may 18 at 5:45pm
    realistic savings goal. If you already have a specific target in mind, Allegacy Financial                estate planning workshop
    Planners can guide you down the best path toward savings and the bigger prize, a                        hosted by Allegacy Investment Group
    diploma.                                                                                                       may 25 at 6:30pm
    We also offer two loans to assist with expenses related to attending college — a Student
    Loan and a Computer Loan. Our Student Loan allows repayment to be deferred until
    six months after graduation or upon departure from school† so the focus can remain on
    getting an education, rather than not tripping when you walk into your first lecture.

    College courses are challenging enough; planning and paying for college shouldn’t be.
    Let Allegacy take the challenge out of finding the best way to finance and save for you                    maintaining a life/work
    or your child’s education. We offer flexible college savings plans that can be tailored                     balance for success
    for every member.                                                                                              June 8 at 11:30am

      To learn more about our Student                                     To customize a plan for you or       Reserve your spot today:
      Loans, call 336.774.4138 today                                      your child, call 336.774.3400       call 336.774.3400 or visit
Annual interest payment still due while student is enrolled in classes.
                                                            2nd Quarter 2010


fast facts
fast facts                                                                     Account Notices
We offer competitive mortgage rates, like a                                    Funds Availability Policy Update
30-Year Fixed Rate as low as 4.975% APR*,                                      Effective February 27, 2010, the Federal Reserve Bank
and one of the lowest origination fees in the                                  transitioned to a single paper check processing center.
market. The combined savings from both can mean                                This was done in response to the continued nationwide
thousands of dollars off the cost of a new home!                               decline in check usage, as well as the rapidly increasing
                                                                               use of electronic check clearing methods. As a result
Allegacy now offers FHA and VA Mortgage                                        of the transition, there are no longer any checks that
Loans. These new programs allow lower down                                     are considered non-local. Allegacy’s Funds Availability
payments and more financing on purchases                                       Policy has been updated to reflect this change. The
and refinances. For loan amounts above                                         updated policy can be viewed at
$417,000, we offer members our Jumbo
Mortgage with a very competitive rate.                                         Non-Sufficient Fund Notices
                                                                               Effective April 12, 2010, we will no longer
The Worker, Homeownership, and Business                                        issue non-sufficient fund (NSF) notices.
Assistance Act of 2009 has expanded the
tax credit of up to $8,000 for qualified first-                                PINless VISA® Debit Disclosure Notice
time homebuyers to include up to $6,500
                                                                               Allegacy Federal Credit Union enables non-Visa debit
for qualified move-up/repeat homebuyers                                        transaction processing and does not require that all such
purchasing a principal residence. And the deadline                             transactions be authenticated with a PIN. A non-Visa debit
has been extended; the tax credit now applies                                  transaction may occur on your Allegacy Visa debit card
to sales occurring before April 30, 2010.**                                    through Plus, Co-op Network, CU Service Centers and
                                                                               NYCE network. Below are examples to help you distinguish
  To learn more about our Mortgages, call                                      between a Visa debit and a non-Visa debit transaction:
  336.774.3400 or visit
                                                                                •	 To initiate a Visa debit transaction at the point of sale, the
                                                                                   cardholder signs a receipt, provides a card number (e.g.,
                                                                                   in e-commerce or mail/telephone order environments)
FinanceWorks, a FREE online tool that allows                                       or swipes the card through a point-of-sale terminal.
you to analyze, track and budget all of your
financial accounts in one location, has arrived!                                •	 To initiate a non-Visa debit transaction, the cardholder
Simply log-in to WebBanking and click on the                                       enters a PIN at the point-of-sale terminal or for
FinanceWorks menu option to get started.                                           certain bill payment transactions, or provides
                                                                                   the account number for an e-commerce or mail/
  Don't have WebBanking? Call Member                                               telephone order transaction after clearly indicating
                                                                                   a preference to route it as a non-Visa transaction.
  Services today at 336.774.3400
                                                                               Only Visa transactions provide zero-liability protection,
                                                                               and if a Rewards Program is present, a non-Visa
                                                                               debit transaction may not be an eligible Rewards
                                                                               transaction. The Visa–specific portion of your cardholder
                                                                               agreement does not apply to non-Visa transactions.
            Annual Percentage Rate effective as of March 10, 2010. At 4.975%
           APR, a $100,000 loan and a 360 month term would result in a
           $529.21 monthly payment. 20% down payment required.
              To find out if you qualify for a tax credit, visit

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