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									 January 2011

                                              ONE FANTASTIC PIECE OF PLASTIC…
In This                                             THE GSAFCU VISA
                                                     PLATINUM CARD
    Share Certificates
3   Tax Time Tips
4   Consolidating
    Your Debts
                                                                    If you’re not      be paid even if you die or become
                                                                     enjoying the      disabled.)
                                                                     prestige of
                                                                      carrying our     Isn’t it time you experienced the prestige
                                                                       Visa            and the savings that come from having
                                                                       Platinum        our Visa Platinum card in your wallet?

                                                         card, you don’t know what     Apply for your card 40452 today. An

                                        you’re missing. GSA Federal Credit Union       online application is available at
                                        members who have the card will attest to When you apply, be

January 17 —
                                        the respect they receive from merchants        sure to transfer any
  Martin Luther                         all over the globe. They know what it’s like   balances you’re
  King, Jr. Day                         to enjoy acceptance wherever they go.          currently carrying
February 21 —
                                                                                       on other cards with
  Presidents Day
                                        They also know what it’s like to have a        higher rates. Don’t
                                        credit card with a 7.5% annual                 worry—there won’t
                                        percentage rate. Although the rate is          be any balance
                                        variable, they have the peace of mind that     transfer fee. Unlike
                                        comes from knowing it will never exceed        many credit card

                                        10.9%. (For even greater peace of mind,        issuers, we

                                        credit life and credit disability insurance    don’t charge
                                        are available to ensure that your bills will   one.

Not only will you learn lots of
great information about credit
union products and services
when you read our newsletter,
but you could also earn cash!
Each newsletter will include five
member account numbers placed
randomly throughout the copy. If you
find your account number, call us and
we’ll deposit $25 directly into your
account. But, remember, you
have to read the newsletter
to know if your account
number is in there!
                                          SHARE CERTIFICATES—
                                          PATIENCE PAYS OFF
                                          Have your savings needs increased? Your savings will work harder for you in a
                                          GSA Federal Credit Union Share Certificate. All it takes is a deposit of $1,000
                                          or more to earn dividends at rates much higher than you earn with a regular

                                          share account—and much higher than the average certificate of deposit, for
                                          that matter.

                                          Take, for example, our 60-month Share Certificate. It comes with an
                                          annual percentage yield of 3.05%.* Compare that with the national average
                                          for 60-month CDs (as of December 1, 2010) reported by
Here’s good news for anyone in the        a paltry 1.52%.
market for a new car: We’ve just
reduced our rate for auto loans to just   Our 60-month Share Certificate provides you with our highest rate, but choose
2.89% APR.*                               whatever term best fits your needs. You can get a term as short as 6 months if
                                          you like. (See page 4 of this newsletter for a complete list of our current terms
And, no, that’s not a typo.               and rates.)

This special low rate applies to both     As with all our other savings options, you’ll enjoy lower fees than those
new auto loans and used auto loans.       charged by other financial institutions. In addition, you’ll have all of the peace
Need 100% financing? We’ve got it.        of mind that comes from the knowledge that your individual account is
So don’t delay. Take advantage of this    insured up to $250,000 by the National Credit Union Administration (NCUA).
way-below-market rate while it lasts.
                                          The bottom line: A Share Certificate is a risk-free investment. And what’s not to
*Annual percentage rate.                  like about that?

                                          Drop by a GSA Federal Credit Union office or give us a call at 1-866-820-0105
                                          to open your Share Certificate today.

                                          *Early withdrawal penalties apply. Rate accurate as of December 9, 2010.

We strongly encourage you to do your
checking at GSA Federal Credit
Union if you’re not already doing so.
Unlike most free checking accounts,
35578 ours pays dividends.

To learn about all the other benefits
of having a GSA Federal Credit Union
checking account, go to

                                                                             TAX TIME’S
                          Viewpoint                                         Here are a few things you might
What difference could three little numbers make in                         want to keep in mind as tax time
your life? A big one. The three digits that make up your                  approaches.
credit score could save you a lot of money—or cost
you a lot of money. They could mean the difference           For lower tax liabilities . . .
between a high interest rate and a low one—or the            If you have a GSAFCU home equity loan, you will be
difference between getting credit and being denied           receiving Form 1098 by the end of January. It will say
it. They could also be the deciding factor when a            exactly how much you paid in interest on your loan
prospective employer is considering hiring you.              during 2010. Keep this form with other documents you’ll

Actually, you’re likely to have more than one score at
                                                             need when you or someone else prepares your tax
any one time. The FICO Score is the best-known score,
                                                             return. The amount shown on that form could represent
but there are others. The three major credit bureaus—
                                                             a valuable deduction.
Equifax, Experian and TransUnion—all use different
                                                             For speedier refunds . . .
formulas to come up with their own scores. By law, they
must provide you with your credit reports and scores
                                                             If you have money coming back to you from the IRS this
once a year if you ask for them. You can go to
                                                             year, you can get your money as much as 3 weeks faster or call 1-877-322-8228 to         by asking the IRS to deposit your check directly into your
contact all three companies at once. Either way it’s free.   Credit Union account. In the “refund” section of Form
                                                             1040, enter our routing number—254074662—and your
Finding out your scores is easy, but how do you              personal account number.
improve them?
                                                             For your records . . .
Sometimes you can do it by checking your reports and
reporting errors you come across in them. If you find
                                                             Remember that your end-of-the-year statement is
anything you disagree with, the credit bureau must
                                                             available online and will have some important
investigate it. If they can’t verify an item’s accuracy,
                                                             information 37801 you’ll need for tax purposes. It will
they must delete it.
                                                             show your total dividend earnings for tax year 2010. If
                                                             those dividends came to more than $10, that information
Of course, accurate information may make trouble for         will be provided on your IRS Form 1099.
you too. If late payments have damaged your score,
start making your payments on time and you’ll
eventually undo the damage.

Should you borrow your way to a
better credit score?
If you simply move debt from one account to a new
one, that won’t help, and may in fact hurt. Paying it
off will help. In some situations, a new low-interest-rate
loan really is the best way to pay off high-interest-rate
ones. We frequently make such loans, and they
frequently prove to be lifesavers.

Whatever you use 38454 the money for, a small
personal loan can do wonders for your score—but
only if you pay it off in a timely fashion. Late payments
will have the opposite effect, of course.

We can supply you with that loan. The rest is up to you.


                          Jerome P. Malvin, Jr.

      WHAT'S BLACK AND WHITE                                                                                          BOARD OF DIRECTORS

                                                                                                                         Henry Singer, Chairperson
                                                                                                                     Frederick Bridgers, Vice Chairperson
                                                                                                                         Christine Singer, Treasurer
Let’s hope it’s not your account statements from other financial institutions. If you                                     William Conley, Director
didn’t take advantage of our holiday loan special and you ran up those high rate                                           Paul Cuddihy, Director
credit cards instead, not to worry. Just come to us and get a debt consolidation                                         Laverne Iacangelo, Director
loan. We’ll help you eliminate those bills clogging your mailbox and 8009774                                              Derek Gourdine, Director
give you just one low payment to make each month. And that payment will be                                                 Sean Mildrew, Director

                                                                                                                    SUPERVISORY COMMITTEE
at a rate of as low as 9.25% APR.* Start saving today by applying online at                                                Edward Giefer, Director
*APR = Annual Percentage Rate; Rate based upon credit history.
                                                                                                                          Nathan Smith, Chairperson
                                                                                                                             John Auld, Member
                                                                                                                           Summer Salyer, Member

                                   RATEWATCH                                                                                       STAFF
                                                                                                                            Erin McGee, Member

                                                                                                                      Jerome P. Malvin, Jr., President/CEO
Rates effective as of publication date and subject to change without notice. Call                                      Marissa White, Vice President/COO
for current rates. Loan rates published here are lowest possible rates. Actual                                        Michael A. Sales, Asst. Vice President

SHARE RATES                                               LOAN RATES
rates may vary based on credit score of individual applicants.                                                                    of Marketing
                                                                                                                    Diana Whiteside, Accounting Supervisor
                                                                                                                         Jared Ferris, Branch Manager
Share Type                     APR          APY           Loan Type                             APR                  Paris Fontanelle, Accounting Assistant
Share Savings                                                                                As Low As                   Paris Pierre, Branch Supervisor
 Balances of                                              Unsecured (Signature)                9.25%                     April Griffin, Member Services
 $5.01-$1,000                  .60%         .60%          Vehicle – New or Used3                                    Dorothy Wheeler-Talbert, Loan Officer
 $1,001-$2,000                 .60%         .60%           24 Months                            2.89%4              LaThoshia McDuffie, Collections Officer
 $2,001-$10,000                .60%         .60%           36 Months                            2.89%4
 $10,001-$20,000               .60%         .60%           48 Months                            2.89%4
 Over $20,000                  .75%         .75%                                                                                    Website
                                                          Vehicle – New
Share Draft                                                60 Months                            2.89%4
 $1,001-$2,000                 .25%         .25%           72 Months                            3.34%4                            Call Center
 $2,001-$10,000                .50%         .50%                                                                     Monday – Friday: 7:00 am - 7:00 pm
                                                          Home Equity – Variable-Rate                                    Saturday: 9:00 am - 12:00 pm
 $10,001-$20,000               .50%         .50%           Up to 80% LTV           5.25%4
                                                                                                                  New           1-866-820-0105
 Over $20,000                  .50%         .50%
                                                          Second Trust                                           Branch     Administrative Office/
Internet Checking Account1                                 Up to 80% LTV                        3.99%4           Hours!
                                                                                                                              Northeast Branch
 Balance of
                                                          Visa Platinum (variable-rate) 7.50%                          1275 First Street, NE, Room 211
 $1,000-$15,000      1.15%                 1.16%
                                                          Visa Classic                         11.88%                       Washington, DC 20002
Christmas/Vacation                                                                                                      Tuesday, Thursday and Friday.
Club Accounts                 1.25%        1.26%          Overdraft Protection                 15.00%                       10:00 a.m. – 2:00 p.m.
IRA Share Account             1.25%        1.26%          Certificate Secured               Certificate                       Southwest Branch
                                                           Loan                            Rate + 3.00%                 301 7th Street, SW, Room 5021
Share Certificates2
 6 Month                      1.20%        1.11%          Share Secured Loan                 Share Rate                     Washington, DC 20407
 12 Month                     1.45%        1.46%                                              + 3.00%                          Monday – Friday,
 24 Month                     1.90%        1.92%                                                                            10:00 a.m. – 2:00 p.m.
 36 Month                     2.30%        2.33%                                                                              Northwest Branch
 48 Month                     2.60%        2.63%                                                                        1800 F Street, NW, Room G003
 60 Month                     3.00%        3.05%                            Equal                                           Washington, DC 20405
                                                                          LENDER                                           Monday and Wednesday,
                                                                                                                            10:00 a.m. – 2:00 p.m.
APR = Annual Percentage Rate • APY = Annual Percentage Yield
1Internet Checking Account requires a minimum balance of $1,000 and a monthly direct deposit of at least $500.                  Mailing Address
2Share Certificate rates reflect rates earned with Direct Deposit.
                                                                                                                                P.O. Box 27559
3Add 1.50% for cars not purchased with a warranty if over two years old. No loan rate will exceed 18.00%.
4These rates apply to loans repaid with Direct Deposit.                                                                  Washington, DC 20038-7559
                                                                                                                               24-Hour Teleserv
                                                                                                                                       designed & printed by visions, ink. 302207 12/10


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