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Our Difference
“Experience The Difference”
FALL 2006 The Newsletter Of The Tobyhanna Army Depot Federal Credit Union
Certificates of Deposit
Watch from Your Credit Union
Your Savings
SNOWBALL $500.00 -
$9,999.99
$10,000 -
$24,999.99 $25,000+
6 MONTH TERM
3.95% A.P.Y.* 4.00% A.P.Y.* 4.10% A.P.Y.*
12 MONTH TERM
4.50% A.P.Y.* 4.60% A.P.Y.* 4.75% A.P.Y.*
15 MONTH TERM ***
5.00% A.P.Y.* 5.00% A.P.Y.* 5.00% A.P.Y.*
24 MONTH TERM
4.60% A.P.Y.* 4.70% A.P.Y.* 4.85% A.P.Y.*
36 MONTH TERM
2.55% A.P.Y.* 2.60% A.P.Y.* 2.70% A.P.Y.*
48 MONTH TERM
2.95% A.P.Y.* 3.00% A.P.Y.* 3.10% A.P.Y.*
60 MONTH TERM
3.60% A.P.Y.* 3.65% A.P.Y.* 3.75% A.P.Y.*
***New Money Only
AND EARN AN
SUBSTANTIAL PENALTY FOR EARLY WITHDRAWAL. RATES SUBJECT TO CHANGE
EXTRA WITHOUT NOTICE. Rates last updated on September 1, 2006. *Annual Percentage Yield.
**Extra .15 % if you have a Share Draft (Checking) Account and a Debit (Check) Card with
.15% Tobyhanna Army Depot FCU.
TO BOOT!**
Choose a Credit Union Credit
Card This Holiday Season
Avoid the Everybody knows that banks have
increased fees on those who mismanage
Christmas Crunch their credit cards. When shopping this
Many people spend more than their holiday season, those fees are the last
budget during the holiday shopping sea- thing you want to spend money on.
son. Many do not realize “what they Fortunately, your credit union offers a
have done” until those January bills start more friendly solution for consumers
rolling in. Using a credit card to finance than the typical bank or credit card com-
Christmas has become a very popular pany. Tobyhanna Army Depot FCU offers
trend and we see the credit card balances credit cards with no annual fee, no appli-
go up during this time of year. We can cation, no fee for cash access, and, better
help you avoid the Christmas Crunch! yet, there is even a cash back bonus pro-
gram! All you have to do is choose the
Christmas Clubs card that is right for you. This gift-giving
The first question you should ask season, keep these tips in mind when you
yourself is, “How much can I reasonably reach for your wallet.
spend without breaking my budget?”
Many members have a Christmas Club
Account to help dictate their budget. VISA GOLD CARD
Consider opening one today! The Rate Max Credit Line
account works by having you make
small weekly, bi-weekly, or monthly 9.99% APR* $15,000.00
deposits into a savings account. It earns
dividends and allows you to save what-
ever amount you want with however VISA CLASSIC CARD
many deposits you want to make. Stash
funds away a little at a time; that money
Rate Max Credit Line
is stored away in the Christmas Club 12.00% APR* $5,000.00
until September 30th. On September
30th, the funds are automatically moved
into your Primary Savings Account. STUDENT VISA CARD**
Already have a Christmas Club? By the
time you read this, the funds have been
Rate Max Credit Line
moved into your Share Account! 8.99% APR* $500.00
Credit Cards & Debt
*Annual Percentage Rate. **All students 16-23 are eligible with a valid school ID. The account
Consolidation will be in the student's name with a parent as a co-applicant. Cards will be issued for both the stu-
The next question you should consid- dent and parent. By applying for a Tobyhanna Army Depot Federal credit union Student VISA
credit card it will enable the student to start a good credit file.
er is “How much do I want to charge for
holiday shopping?” Members that have Come by today and see how your credit union can
credit cards elsewhere need to make sure
help save you money and prepare for the holiday gift-
of their rate and also make sure of their
available balance. A good rule of thumb giving season.
is to have no more than 50% of your
available balance used. If you are at or
above 50%, contact the credit union and
ask about debt consolidation, accelerated
payoff options, and even the credit
53rd Annual Meeting
The 53rd Annual Meeting will be held on Saturday, April
union’s Visa Card program. If you do
21, 2007 at The Parish Center in Dunmore, PA. This Annual
not have a credit union Visa Card, you
Meeting/Brunch will take place from 11 a.m. to 1 p.m.
may not know we offer cash back on all
Seating is limited to 250 attendees. Tickets will be available
purchases and a fixed rate of interest.
after March 1, 2007.
Retirement Planning is a Must! Members Beware!
Now more than ever, having a nest egg will be critical for life after
retirement. It’s estimated that most people need 70% of their current
The New Identity Theft
income to live on once they stop working. If you’re like most, retire- Scam: “Vishing”
ment is so far away, you haven’t thought about a plan or starting to One of the
save. Especially if you’re young, a little effort now will pay off when growing con-
you retire. cerns nation-
Planning for retirement is crucial. There are three major reasons: wide is the prac-
• Planning has become the responsibility of the employee. tice of identity
Employers have abandoned “defined-benefits” programs, where theft. According
the burden of investment risk is on the company, in favor of to the
“defined-contribution” plans where you, the employee, bear the Javelin/Better
investment risk. Social Security is increasingly less likely to serve Business Bureau
as primary retirement income. That leaves personal investments Survey conduct-
and savings more critical, and growing them is now your respon- ed in January
sibility. 2006, 8.9 million
people became
• Longer life expectancy complicates retirement planning. If you
victims of identi-
plan to retire at 65, you could easily require income for 20 to 25
ty theft over the last 12 months. You may
years. A portfolio has to resist inflation and market fluctuations
have noticed that the credit union has
and still sustain you comfortably over a long period of time.
also updated it website, especially
• Every situation is different! Some people leave a job at 65 and live Online Banking and Bill Pay, in order to
on a combination of a pension and Social Security. Others opt for increase security for all of our members.
early retirement (55 or younger) and work part time, some start a You can help prevent identity theft from
new business, while others “dip” in and out of the job market to happening by being aware of the differ-
supplement income. ent types of identity theft scams:
Take control of life after retirement. It’s never a bad idea to seek a Phishing: In phishing scams, the vic-
professional financial planner to get you on the right track. Consider tim is asked to disclose valuable person-
Individual Retirement Account options with the credit union to invest al data like credit card numbers, pass-
your retirement savings. We offer an array of products including words, account data, or other informa-
Traditional and Roth IRAs, IRA Certificates, and Market Index tion. Phishing schemes are usually con-
Certificates. Call us for the latest rate information and on how to ducted via email. Remember, if you did-
open your account today! We are concerned about our members’ n’t initiate the contact, don’t give out
future, and that includes your retirement. your personal information!
Pretexting: Like phishing, pretexting
tries to obtain your personal informa-
International Credit Union Day tion. These scam artists then turn around
October 19, 2006 and open up accounts – checking
accounts, credit card accounts, home
mortgages – all in your name. Protect
“Making a World of Difference” yourself by reviewing your credit history
For 58 years, credit unions have set aside the third Thursday in on a regular basis.
October to celebrate International Credit Union Day. Each year, it NEW! Vishing: As in phishing, vish-
gives us an opportunity to remember our proud history as we pro- ing scams begin with an email. The
mote understanding and support for the credit union difference. email then directs victims to call an auto-
Member service is the foundation of the credit union movement. mated number and enter information
Whether a credit union is providing financial access in remote rural such as credit card numbers, personal
communities, giving financial counseling to a member, or simply access numbers, and other information.
offering a better deal on a used car loan, the credit union is making a Collected data is then accessed.
difference for its members and its community. This difference really Remember, most companies won’t ask
makes credit unions stand out. For the 21st consecutive year, credit for all of your information; the last few
unions ranked higher than banks and thrifts in “customer satisfac- digits of your account should suffice.
tion” in the 2005 American Banker/Gallup Consumer Survey. Don’t be a victim; education is the
This International Credit Union Day, we are excited to be a part of best prevention. If you think you may
your hopes and dreams. Thank you for being part of the credit union have been a victim of one of these identi-
difference. Please don’t hesitate to tell us how we’re doing and how ty theft crimes, immediately contact the
we can provide even better service in the future. credit union.
Wilkes-Barre Branch – Another
Coming Soon? Successful Year for
Signatures were placed on
the Purchase and Sale
the Loan-A-Thon
A huge thank you to
Agreement for the acquisition of
all the participants
land in the Highland Park
and dealers that
Development off of Exit 168
attended our 3rd
from Interstate 81. The land is to
Annual Loan-A-
the left as you exit Interstate 81
Thon event held
and is located immediately
at the Red Baron
behind the Boston Pizza Restaurant.
Stadium, Moosic,
The credit union is now completing the "Due Diligence" phase
PA. Exclusive
of this undertaking that will assure that the land is suitable for
membership pricing,
the necessary construction of a branch and drive-up facility and
reduced loan rates, and
that all requirements of the Highland Subdivision can be proper-
added incentives were highly favored by
ly met. If all goes well, construction could begin before the end of
all buyers. Adding to the success was this
this year and the branch would be open for business before sum-
year’s addition of participating dealers
mer of next year.
and a wider array of products and services
"There is still a lot to be done. If everything goes well, our
offered. If you were unable to attend, be
members and our future members in Luzerne County can look
sure to watch out for next year’s event
forward to our newest branch early in 2007," said Jim Kanaley.
date. You may contact Nina Waskevich,
Pictured from left to right: Jim Kanaley, CEO, and Bob
Marketing Manager, at 570-558-0494 with
Miscavage, member of the TADFCU Board of Directors and
further inquiries or comments. Thanks
Secretary to the Board
again to all who helped make our event a
success.
Loans and Savings: You Can’t
Have One without the Other
Belonging to a credit union is a good deal. There’s a wealth of
Holiday Closings
benefits in store for you, but only if you use all your credit union Columbus Day
has to offer you! That’s how your credit union can continue to be October 9, 2006
a “good deal!”
As a member, we need both your savings dollars and your Veteran’s Day Observed
loans. The funds you save and keep on deposit in the form of November 10, 2006
Share Accounts make up the pool of money we use to provide Tobyhanna Branch Only
member loans. Without those savings, we have no money to lend! Veteran’s Day
We also need your loan business to generate income to pay November 11, 2006
bills and allow us to operate. Since the credit union is a not-for-
profit cooperative, income over our operating needs is returned Thanksgiving
to our members in the form of dividends on shares, lower rates November 23, 2006
on loans, and new and better services. So when you borrow from Christmas Day
your credit union, you’re not only making the right personal December 25, 2006
financial decision, you’re helping the credit union and all of its
members. It’s a win/win situation for all of us! New Year’s Day
We can continue to win as long as you keep turning to your January 1, 2007
credit union for all your savings and borrowing needs!
Administrative Offices: 300 Mulberry Street, Suite 201, Scranton, PA, 18503-1225
Phone: (570) 346-6055 ■ Fax: (570) 346-6563 ■ Toll Free: 1 (800) 405-5103
Tobyhanna Branch: 11 Hap Arnold Boulevard, Tobyhanna, PA, 18466-5049 Phone: (570) 894-8325 Fax: (570) 894-4096 ■ Toll Free: 1 (800) 253-8666
East Stroudsburg Branch: 4 Progress Street, East Stroudsburg, PA, 18301-9066 ■ Phone: (570) 421-4261 ■ Fax: (570) 424-5860
Scranton Branch: 300 Mulberry Street, Scranton, PA, 18503-1225 ■ Phone: (570) 346-5644 ■ Fax: (570) 346-6523
Website: www.tobyhannafcu.org
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