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Sub Prime Mortgage Wanted with No Credit Check


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WINTER 2008                                                                         Board of directors

                                                                                                                  First Ohio
                                                                                        Peter F. DiCesare

New Look for Website
                                                                                           Ann Stahl
Coming soon! Our website, www.firstohiocu.org, is being
revamped! Our new and improved
website will be up and running
                                                                                         Theodore Alex
                                                                                          Richard Focht
                                                                                                                  Credit Union, Inc.                                                                         WINTER 2008
sometime in January. In the                                                              Dennis Mathern
meantime, the current website will still                                                    Director
                                                                                          Jeannine Curns
                                                                                                                                                      Now Offering Mortgage Loans...
be accessible. Be sure to log on and                                                          Director                                                First Ohio Credit Union is now offering mortgage loans up to 40
check out our new, fresh website!                                                         Stephen Helms                                               years, with expanded capabilities allowing us to provide our
                                                                                                                                                      members with mortgages in the range of 15, 20, 30, or 40 years.
                                                                                         ManageMent                                                   We hope our new program will provide our members a broader
                    First Ohio Credit Union                                             Stephen M. Favor
                                                                                  President & General Manager
                                                                                                                                                      range of products to better suit everyone’s needs. Our rates
                                                                                                                                                      are competitive, and all mortgages are serviced In-House! Our
                    2008 Holiday Schedule                                                Patti Essman
                                                                                      Senior Vice President                                           mortgages can be used for new purchases as well as refinances.
                        First Ohio Credit Union                                          Lindy McDole                                                 Our newly expanded program has the variety to suit most needs.
                  will observe the following holidays:                                   Vice President
                                                                                                                                                      Call or stop in today for more details!
                                                                                           Ruth Kerr
 New Year's Day..........................       Tuesday, January 1st, 2008           Collection, Accounting,
                                                                                      Operations Manager
                                                                                                                  President’s Message                                                                   up to 40 Years!
 Martin Luther King, Jr. Day......              Monday, January 21st, 2008               Sharon Griffin

 Presidents' Day...........................     Monday, February 18 , 2008
                                                                                  Manager of Branch Operations
                                                                                    Tiffin & Upper Sandusky
                                                                                         Kim Biddle
                                                                                                                               D      ear Valued Members:

 Memorial Day.............................      Monday, May 26 , 2008
                                                                                                                                 I’m sure you have all heard about the         conventional responsible underwriting standards. If you
                                                                                  Manager of Teller Operations
                                                                                                                                 “sub-prime mortgage crisis”. It has been      are approved for a loan through First Ohio Credit Union,
 Independence Day......................         Friday, July 4 , 2008
                                                                                        Suprena Johnson                          in all the news media and the topic of        you can be confident that there will be no surprises down
                                                                                    Tiffin Assistant Manager
                                                                                                                                much discussion in the halls of our state      the road.
 Independence Day......................         Saturday, July 5th, 2008
                                                                                      Robert Sacksteder                     and federal legislatures. A sub-prime mortgage
                                                                                  Marketing Coordinator, Editor   is any mortgage that is non-traditional and has rates        I encourage you to check your mortgage documents to
 Labor Day...................................   Monday, September 1st, 2008
                                                                                                                  or terms that fall outside the norm for most mortgage        see if you have a sub-prime mortgage. If you’re not sure,
 Columbus Day............................       Monday, October 13th, 2008               Main office              borrowers. The reality is that almost no credit unions and   bring them in and we will be happy to review them with
                                                                                  1650 North Countyline Street    almost no community banks have gotten involved in the        you. If you have a sub-prime mortgage, do not wait until
 Veterans’ Day..............................    Tuesday, November 11th, 2008          Fostoria, OH 44830          sub-prime market. First Ohio Credit Union holds no           you are facing foreclosure. Come in and see what we can
                                                                                         419-435-8513             sub-prime mortgages in our portfolio and we have             do. I can’t guarantee we can re-write your mortgage, but
 Thanksgiving Day......................         Thursday, November 27th, 2008            800-537-5993             not originated any sub-prime mortgages. Most of              I can guarantee we will do everything possible to help
                                                                                                                  these types of mortgages have been originated by mortgage    you out of your situation. The sooner you talk to us, the
 Christmas Eve............................      Wednesday, December 24th, 2008          tiffin office             brokers and are held by investors and a few large money      better the chances are that we can help. You may not get
                                                                                   203 North Sandusky Street      center banks. Unfortunately, I suspect that some of our      the answer you want, but I also guarantee you will get
 Christmas Day............................      Thursday, December 25 , 2008 th
                                                                                       Tiffin, OH 44883                                                                        an honest straightforward answer.
                                                                                                                  members may have gotten themselves involved in these
                                                                                         419-447-5929             types of mortgages, and some of these members may not
 New Year's Eve...........................      Wednesday, December 31st, 2008                                                                                                 Even if you are not involved in a sub-prime mortgage,
                                                                                                                  even know it.
                                                                                  Upper sandUsky offices                                                                       but are looking at the possibility of purchasing a home
                                                                                  205 Commerce Way, Suite 1       If you have a mortgage that is variable and the rate is      for the first time, or moving up, come and see us. Rates
                                                                                  Upper Sandusky, OH 43351        going to reset to a higher rate sometime in the next year,   are actually at a very competitive level and we will be
 In addition to the above Holidays, the following adjustments to our
 scheduled hours of operation will occur:                                               419-209-7589              you have a sub-prime mortgage. The Federal Reserve has       happy to talk to you about your opportunity to get a
                                                                                       111 Tarhe Trail            lowered rates three times within the last six months. If     new mortgage.
 • We will close both the lobby and drive-thru at 12:00 Noon this year on         Upper Sandusky, OH 43351        your mortgage rate is going up when all the rest of the
   Wednesday, December 24th, 2008.                                                      419-209-7589              rates in the market are falling, you have a sub-prime
                                                                                                                  mortgage. First Ohio Credit Union has recently been          Thank You & Merry Christmas,
 • We will close the lobby at noon and the drive-thru at 2:00 on Wednesday,            (Call for hours)           approved as a Fannie Mae Mortgage Originator. We only
   December 31st, 2008.                                                               www.firstohiocu.org
                                                                                                                  offer conventional fixed and variable rate loans. There      Stephen M. Favor
                                                                                                                  are no teaser rates. We will underwrite your loan using      President & General Manager

                                 www.firstohiocu.org                                                                                       www.firstohiocu.org
     WINTER 2008                                                                                                                                                                                             WINTER 2008

                                                                  Charitable Contributions                         Pete & Ann’s New Terms
                                                                                                                                      Peter F. DiCesare is currently serving as Chairman of the Board and has been
                                                                                                                                      on the Board for eighteen years. Mr. DiCesare lives in Fostoria with his wife,
                          First Ohio Credit Union will
                                                                                                                                      Mona. He graduated from St. Wendelin High School and attended the University
scholarship opportunity
                          offer three Scholarships in the
                                                                                                                                      of Dayton for two years studying electrical engineering. He attended Owens
                          following amounts: $250, $750,
                                                                                                                                      Technical College and studied Fire Science. Mr. DiCesare recently retired, after
                          and $1000. The scholarships
                                                                                                                                      25 years of service, from his position on the Fostoria Fired Department, where he
                          are open to all students who are
                                                                                                                                      finished serving as Assistant Fire Chief. Mr. DiCesare is active in the Lions Club
                          members or whose parents are                                                             and Knights of Columbus Council 1197. His interests include golf, traveling, and taking road trips on
                          members of First Ohio Credit                                                             his Harley Davidson.
                          Union by September 1, 2007.
                          The student must be enrolled                                                                                Ann Stahl has been a Board Director for the past nine years. She has held
                          or plan to enroll this year in                                                                              the position of Board Treasurer, and most recently Vice-Chairman. Ann resides
                          undergraduate study leading                                                                                 in Fostoria with her husband, a firefighter for the city of Fostoria, and five
                          to an Associate’s or Bachelor’s      We wanted to take this time to inform our                              children. Ann is the owner of Graphic Ideas Decals by Design and has been
                          Degree.                              members about the Charitable Contributions                             busy making new signs, refurbishing old signs, decaling police cars, fire trucks,
                                                               that First Ohio Credit Union makes to better the                       vans, boats and making banners. Ann actively attends Board Meetings and
                                                               lives of members of our community and beyond.
                          Students who are interested                                                                                 annual Conferences. Conferences are designed to educate and keep Credit
                                                               As a not-for-profit company, it is our goal to
                          must apply between January                                                               Union Directors informed of the latest developments and solutions. Ann believes these conferences
                                                               enrich the lives of those around us in as many
                          15, 2008 and March 31, 2008.                                                             are very important for educational components for Board members. Ann enjoys her position as a
                                                               ways as possible. Please take a quick moment
                          Applicants must complete the                                                             Director on the Credit Union Board and cares about the members and employees. Ann looks at all
                                                               to read the following list, a sample of donations
                                                                                                                   the potential possibilities to keep the Credit Union strong, enhancing the performance of the credit
                          application form and submit their    we have made in 2007 and some other notable
                                                               contributions from the past.                        union and moving it forward.
                          transcripts of grades along with
                          two letters of recommendation.
                          The application forms will be        Vietnam Veterans Memorial Wall
                          available at the Fostoria, Tiffin,   Sharing Kitchen
                          and Upper Sandusky offices as of     Boy Scouts of America
                          January 15, 2008, or on the First
                                                               United Way
                          Ohio Credit Union website under
                          the “What’s New” section. Simply
                                                               Junior Achievement                                                            Upper Sandusky Branch
                          click on the link ‘Scholarship       Vietnam Memorial Chapel
                                                                                                                   Our new branch in Upper Sandusky is nearing completion! Most of the exterior will be
                          Application.’ You can also call      Children’s Make-A-Wish Foundation
                                                                                                                   completed by the time you read this, and work has moved inside as the weather turns
                          and request that one be mailed       Habitat for Humanity                                colder. We are still eyeing a grand opening date of January 22nd, 2008, barring unexpected
                          to you. All applications must be     Fostoria Community Foundation                       delays. Be sure to stop in and check out our beautiful new building!
                          post marked no later than March
                                                               Fostoria Early Childhood & Family Center
                          31, 2008.                                                                                                               111 Tarhe Trail – 419-209-7589

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                                            www.firstohiocu.org                                                                      www.firstohiocu.org

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