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Dover Federal Credit Ordering Checks - PDF


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									                                                                                          FA l l I S S U E 2 0 0 8
  EDITION:          Picatinny Federal Credit Union
     Page 2         Now Has 32,000 ATMs!
 CEO’s Message      Picatinny Federal Credit Union has teamed up with the Allpoint Network to give you 24/7
                    surcharge-free access to your money. Whether you’re off to college, commuting to work, shopping

 Smart Mortgages
                    around town or heading to your favorite vacation destination, you can go everywhere with Allpoint’s
                    32,000 ATMs – the largest nationwide ATM network.

                    Take Advantage Of These Benefits Today:
                    n Surcharge-Free Transactions
                    n 32,000 ATMs Nationwide
     Page 3         n 1,400 ATMs In New Jersey
                    n PFCU Debit Cards Can Be Used
Get Credit-Savvy!   n No Forms To Fill Out

                    n No Sign-Up Fees
                    n Start Saving Today!
   A New Leaf       To find an Allpoint ATM near you, visit
           and type in your zip
                    code. Some ATMs may display a surcharge screen
                    during your transaction. Simply enter “yes” to
                    accept the surcharge and proceed with your
     Page 4         withdrawal. You will not be charged a fee.

Upcoming Calendar

   Rate Watch
Special Message
From Our CEO
                                  There have been many
                                  news stories about the
                                  instability in the financial
                                  markets and the media has
                                  left consumers concerned
                                  about the health of their
                                  own financial institutions.
                                  As a member of Picatinny
                                  Federal Credit Union,
                                  you can be rest assured
                                  knowing that your Credit
                                  Union is a safe place to
                                  deposit your savings.
Picatinny is financially strong and well capitalized.
At Picatinny Federal Credit Union, we put our members’
interest first. We employ conservative financial policies
and diligent risk management practices to ensure our
members’ assets are always protected. While we provide
our members with First Mortgages, we are not involved
with the subprime lending market. We are dedicated
                                                                 Your Credit Union Is The
to making loans that are suited to the needs of our
membership and based on the members’ ability to pay.
                                                                 Smart Mortgage Choice!
Our loan underwriting standards reflect a responsible,           The smartest consumers are coming to Picatinny Federal Credit Union
conservative approach designed to protect both our               for their Mortgages and it’s easy to see why. We offer:t college.
members and our Credit Union.
                                                                 n A Full Menu Of Mortgage Choices To Meet All Of Your Home
You may be aware that corporate Credit Unions                      Financing Needs & Challenges
provide financial services to Credit Unions like Picatinny       n Excellent Rates & No Hidden Fees
and have recently come under media scrutiny for their
                                                                 n A Trustworthy Experience With A Clear Understanding Of Your
investments. Picatinny has funds deposited with a                  Mortgage Terms
corporate Credit Union and receives regular reports, which
                                                                 n An Easy, Hassle-Free Process
are used to monitor its portfolio and financial status.
Credit Unions are federally insured by the National Credit       We Care About You
Union Administration (NCUA). Backed by the full faith
                                                                 Each day we’re faced with more news about concerns in the real
and credit of the U.S. government, NCUA operates the
                                                                 estate lending industry. The good news, though, is that credit union
National Credit Union Share Insurance Fund, protecting
                                                                 Mortgage lending is up over 50% this year with an exceptionally low
the savings of millions of account holders in all federal
                                                                 rate of default and foreclosure. Why the great difference between
Credit Unions.t college.
                                                                 Credit Unions and other lenders? Because Credit Union Mortgages
n The combined balances in your individual Savings,              are based on the best interests of our members and their families.
  Certificates and Checking Accounts are insured up to           Our goal is to provide a Mortgage that is both affordable now and
  a maximum of $100,000.                                         sustainable in the future. That requires competitive rates and fees, as
n The funds in your Individual Retirement Accounts are           well as thoughtful analysis of each application. We’re committed to
  insured up to $250,000.                                        your family’s long-term financial success.
If you are interested in learning more about savings
insurance, including how to maximize your insurance              Apply Today!
coverage, please stop by any branch office or contact us         Call one of our knowledgeable Mortgage Loan Officers today at
at (973) 361-5225.                                               1-877-885-4041 or visit our website at to
                                                                 learn more about the smartest Mortgage choices available!
Thank you for your membership and continued trust in
Picatinny Federal Credit Union.                                  First Mortgage loans are processed by CU National Mortgage under contract with your Credit Union to provide Mortgage
                                                                 services. All loans subject to underwriting approval prior to closing. Rates and terms available upon request.
Bill Darling
Chief Executive Officer
Get Credit-Savvy!
When you borrow money, lenders want to understand their risk. FICO scores are
commonly used to determine creditworthiness. These scores can affect both the        Turn Over A
amount and the terms of your loan. Improving your credit score can qualify you
for better rates and save you money!                                                 New leaf!
                                                                                     Help save up to 18.5
                                                                                     million trees each year
                                                                                     by eliminating paper
                                                                                     statements and bills.
                                                                                     Go paperless – save
                                                                                     trees while saving some
                                                                                     green for yourself!

                                                                                     Sign up for PFCU@
                                                                                     Home Online Banking
                                                                                     to save valuable time,
                                                                                     money, gas…and
                                                                                     trees! Check balances,
                                                                                     verify checks cleared,
                                                                                     transfer funds between
                                                                                     accounts and much
                                                                                     more. We also offer
                                                                                     PFCU Billpay. You can
                                                                                     pay your bills direct to the merchants of your choice. All
                                                                                     these services are FREE!

                                                                                     Take advantage of viewing your Credit Union accounts
                                                                                     from the convenience of your home computer 24 hours
                                                                                     a day. Picatinny protects your account with a new
                                                                                     higher level of security. The security enhancements to
                                                                                     Home Banking better protect you against online theft,
Here are some tips for raising your credit score:t college.
                                                                                     fraud and provide you with more peace of mind when
n   Pay Your Bills On Time                                                           banking online. Picatinny uses the latest technology to
n   If You Have Missed Payments, Get And Stay Current                                protect your account and identity information.
n   Keep Balances Low On Credit Cards                                                To sign up for Home Banking visit
n   Pay Off Debt As Soon As Possible                                        click on products and
n   Don’t Open New Credit Cards That You Don’t Need                                  services, banking and online banking or contact
n   If You’re Having Trouble, Contact Your Creditors & See A Reputable               your branch office today for more information.
    Credit Counselor
Get a free copy of your credit report every year from the three national credit
reporting agencies (Equifax, Experian and TransUnion). You can monitor your
credit year-round by ordering one report every four months, allowing you to track
changes in your report. Visit
Review your finances regularly and watch for these warning signs:t college.

n   Making Only The Minimum Payment
n   Constantly Being Out Of Cash
n   Being Late On Payments
n   Taking Longer To Pay Off Balances
n   Borrowing From One Lender To Pay Another
If your finances are following this pattern, seek help before you get in too deep.
Picatinny Federal Credit Union is here to help you become financially strong
and responsible.
                                                                                                                                                            Your Board Of Directors
                                                                                                                                                            Chairman                      Joe Shiposh
                                                                                                                                                            Vice-Chair                    Nancy Mueller-Davis
                                                Upcoming Calendar                                                                                           Treasurer                     Jay Decker
                                                                                                                                                            Assistant Treasurer           Mark Sauvageau
                                                                                                                                                            Secretary                     Joe Carroll
            Monday, October 13, 2008                                                Wednesday, December 24, 2008
                                                                                                                                                            Director                      Bruce Fahlgren
                       Columbus Day                                                              Christmas Eve
                                                                                                                                                            Director                      George Cherenack
                     Credit Union Closed                                                  Credit Union Closes at Noon                                       Director                      Scott Shupe
                                                                                                                                                            Director                      Valerie Morgan
           Tuesday, November 11, 2008                                                 Thursday, December 25, 2008                                           Director                      Sue Coppola
                        Veterans Day                                                               Christmas Day
                     Credit Union Closed                                                         Credit Union Closed                                        Supervisory Committee
                                                                                                                                                            Chairman                      Paul Agresti
          Thursday, November 27, 2008                                               Wednesday, December 31, 2008                                            Committee Member              Bruce Fahlgren
                     Happy Thanksgiving                                                          New Year’s Eve                                             Committee Member              Lou Hassell
                     Credit Union Closed                                                  Credit Union Closes at Noon                                       Committee Member              Dominick Moreo
                                                                                                                                                            Credit Committee
        Wednesday, December 10, 2008                                                     Thursday, January 1, 2009                                          Chairperson                   Audrey Westington
                All Employee Luncheon                                                              New Year’s Day                                           Committee Member              Sue Coppola
              Credit Union Closes At Noon                                                        Credit Union Closed                                        Committee Member              Mary Lou Kenison
                                                                                                                                                            Committee Member              Frank Cautero
                                                                                                                                                            Committee Member              Rosario Locascio
                                                                                                                                                            Committee Member              Andrew Harder

                                                                                                                                                            CEO                           Bill Darling

    Rate Watch                                                                                                                                              locations & Hours
                                                                                                                                                            Rockaway Branch
                                                                                                                                                            100 Mineral Springs Drive
    Type                                                 Term                       APY*
                                                                                                                                                            Dover, New Jersey 07801-1635
    Share Account (Savings)                              —                          1.00%                                                                   Phone: (973) 361-5225
    Certificate/IRA Certificate                          12 months                  3.25%                                                                   Mon. and Thurs.: 8:00 a.m. - 6:00 p.m.
                                                         18 months                  3.35%                                                                   Tues., Wed., Fri.: 8:00 a.m. - 3:30 p.m.
                                                         24 months                  3.50%                                                                   Sat.: 9:00 a.m. - Noon
                                                         36 months                  4.00%                                                                   ATM
                                                         48 months                  4.00%                                                                   Arsenal Branch (restricted access)
                                                         60 months                  4.50%                                                                   ARDEC Building 30 South
    VEHIClE lOANS                                                                                                                                           Picatinny Arsenal, New Jersey 07806-5000
    Type                                                 Term                       APR**                APR** with Automatic Deduction
                                                                                                                                                            Phone: (973) 989-2612
                                                                                    (As Low As)          (As Low As)                                        Mon. - Wed., Fri.: 8:00 a.m. - 3:30 p.m.
    New Vehicle                                          36 months                  4.99%                4.49%                                              Thurs.: 8:00 a.m. - 6:00 p.m.
                                                         48 months                  5.24%                4.74%                                              ATM
                                                         60 months                  5.24%                4.74%                                              Mt. Olive Branch
                                                         72 months                  5.49%                4.99%                                              61 International Drive, South
                                                         84 months                  5.99%                5.49%                                              Budd Lake, New Jersey 07828-4401
                                                                                                                                                            Phone: (973) 691-6400
    Used Vehicle                                         36 months                  5.49%                4.99%
                                                                                                                                                            Mon. - Wed., Fri.: 8:00 a.m. - 3:30 p.m.
                                                         48 months                  5.74%                5.24%                                              Thurs.: 8:00 a.m. - 6:00 p.m.
                                                         60 months                  5.74%                5.24%                                              Sat.: 9:00 a.m. - Noon
    HOME EqUITY lOAN                                                                                                                                        ATM
    Fixed Rate                                           5 years                    5.00%                —                                                  Florham Park Branch (restricted access)
                                                         7 years                    5.50%                —                                                  C/O Siemens
                                                         15 years                   6.00%                —                                                  8 Fernwood Road
                                                         20 years                   6.75%                —                                                  Florham Park, New Jersey 07932-1906
    VISA® CREDIT CARD                                                              9.90% Purchases                                                          Phone: (973) 236-0071
                                                                                                                                                            Mon.; Thurs.; Fri.: 10:00 a.m. - 3:00 p.m.
                                                                                  10.90% Cash advances
*APY=Annual Percentage Yield. **APR=Annual Percentage Rate.

Visit for a complete listing of savings and loan products and rates. All terms and rates are subject to change. PFCU certificates   The Picatinny Federal Credit Union Digest is
require a minimum balance of $500.00. New auto loan rate at 4.49% APR for 36 months, $29.76 per $1,000 borrowed. Used auto loan rate at 4.99% APR for       published quarterly by the Picatinny Federal
36 months, $29.98 per $1,000 borrowed. Auto rate examples are based on automatic payment deduction from PFCU checking account. Home Equity Loan at
5.00% APR, 60 months, 60 payments of $18.88 per $1,000 borrowed. Home Equity Loans require a minimum of $15,000 and a maximum of $250,000. NJ               Credit Union – Karen Morano, Editor
and PA residents only. Owner-occupied 1-4 family homes only. All payment examples are based on borrowing $15,000. The actual rate may change based on
loan underwriting criteria. Contact Credit Union for complete details. Not responsible for typographical errors.                                            Comments? Please write to:
                                                                                                                                                            The Supervisory Committee
                                                                                                                                                            of Picatinny Federal Credit Union
                                                                Your shares are federally insured to $100,000 NCUA National Credit Union                    P.O. Box 414
                                                                Administration – a U.S. Government Agency                                                   Wharton, New Jersey 07885
                                                                Your retirement share accounts are insured to $250,000 (aggregate) by the NCUA.             MP-14331

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