800.839.1154 | TDECU.ORG | a MONTHLY NEWSLETTER FROM YOUR CREDIT UNION MaY 2010 Take the Retirement Road Test Wes Garner, CrPC® Do you have a red, yellow or green light? A Message from TDECU Investments. WHaT’S NEW! senior FinanCial advisor Have you taken the time to calculate to help you achieve your how much money you’ll need to set unique vision of retirement. aside for your retirement? Do you feel Retirement, Insurance and confident in how you’re investing those Investment Services for Life. DIAnA What you need to know about your finances, dollars you’ve already saved? GoRDon your financial future and managing your money. When it comes to planning your As a valuable member benefit, the retirement, we understand the TDECU Investments Financial Advisors TDECU Investments & will offer all members of TDECU a importance of a trusted partner. Call your TDECU Investments Wes Garner Honored complimentary retirement analysis using Representative, today at 800.839.1154, CUNA Brokerage Services, Inc., our Retirement Road Test retirement option, for a no-cost, no-obligation recently acknowledged TDECU planning software. This software is appointment. Or simply stop by the Investments as one of the nation’s designed so that it will only take a few office and you’ll receive a Retirement top ten programs, while Wes minutes to complete, yet provide you Road Test analysis while you wait. Garner, CRPC®, Senior Financial with information that will last a lifetime. Find out how you can “green light” Advisor, was also recognized as an The output is straightforward and will rate your current progress with a red, your retirement savings plans. Pearland Opening Thursday, May 13, 2010 | 10 a.m. Don’t Forget to Opt In to TDECU’s Courtesy Pay Program MVP for his performance as the Join fellow members for TDECU’s ribbon nation’s second ranked Financial yellow or green traffic light. Whether cutting and opening ceremony at 10201 Advisor. Both of these high marks you’re just starting to save, or you’re Broadway, Ste. 117 (FM 518). This new If you haven’t heard yet, new federal If you do not opt in to Courtesy Pay are true reflections of TDECU getting close to retirement or already full-service branch has a corner drive-thru regulations will soon be in place that for ATM and one-time debit card living in retirement, this analysis will for your convenience. Buying or refinancing Investments ongoing commitment will change the Courtesy Pay coverage transactions by August 15, and your a home? A TDECU loan officer is on-site 5 to our members and the provide you with solid recommendations you now receive. Courtesy Pay is the account is not set up with other overdraft days a week. communities we serve. We thank overdraft protection service on your protection services (e.g., automatic you for allowing and trusting us to CRPC® is a registered service mark of the College for Financial Planning®. Representatives are registered, securities are sold, and investment advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor, 2000 Heritage Way, Waverly, Shred It or Dread It checking account which pays a check, transfers from your savings or a Cash Iowa 50677, toll-free 866.512.6109. Nondeposit investment and insurance products are not federally insured, involve investment risk, may lose value Saturday, May 15, 2010 | 9a.m.–1p.m. debit card, or ATM transaction presented $tash line of credit), future transactions serve you and your families. and are not obligations of or guaranteed by the financial institution. CBSI is under contract with the financial institution, through the financial services Mark your calendars for TDECU’s 4th program, to make securities available to members. FR031026-61DC Annual Shred Day, taking place at the for payment against your account, up of these types will be declined. However, Lake Jackson and Victoria Mockingbird to $600 for a $25 fee per transaction – if you do opt in for this service, you TDECU Insurance Introduces New Mortgage & Life Insurance Options Branches. This is your chance to get rid of old documents safely, for free. However, we even if it causes the account to become overdrawn. will experience no interruption and no change to the Courtesy Pay service you ask that you bring two non-perishable food TDECU Insurance Agency is offering • Coverage is portable and can remain in as a result of benefit payments, any items to support local food banks. This new regulation requires that you currently have. two new products to protect you and force even if the loan is refinanced or remaining benefit payments will be opt in for Courtesy Pay by August 15, Opt in now by going online to your family: HomePlus® Mortgage Life sold as long as premiums are paid. paid monthly to the debtor’s spouse if Memorial Day Holiday 2010, to continue the overdraft payment www.TDECU.org/CourtesyPay, calling Insurance and Secure 12 Mortgage living; if not, then the debtor’s estate. Monday, May 31, 2010 • Partial coverage is available (minimum of ATM and one-time debit card 800.839.1154, option 2 or visiting any All TDECU offices will be closed to Payment Protection. These plans will benefit is $25,000). • Economical rates (premium) maintain acknowledge the contributions of transactions. TDECU branch. Prepare now to avoid protect your loved ones from the loss Secure 12 Mortgage Payment over time. Premium does not increase American servicemen and women. Other types of transactions, including impact later. If you have questions about of your home in case of an unexpected Protection pays 12 monthly mortgage due to age. Premiums can only change Members may still access their financial checks drawn on your account or our overdraft protection services or how tragedy. information and complete transactions this new federal regulation will impact payments up to a maximum of $4,000 if they are changed for everyone in a from the comfort of home using TDECU recurring debit payments will continue to HomePlus® Mortgage Life Insurance policy class. be covered by Courtesy Pay and are not your account, simply call a Member Care per month in the event of an insured All-the-Time® Online Banking and pays a guaranteed benefit in the event of TDECU’s 24/7 Max Telephone Banking. part of the regulation. Specialist at 800.839.1154, option 2. debtor’s death or terminal illness. For more information or to get a free quote, death or terminal illness. • Pays or reduces the monthly mortgage please contact TDECU Insurance Agency • $10,000 of Accidental Death coverage payment as of the date of death or by going online to TDECUinsurance.org or calling 888.833.7358. Get Your 5-Star Save thousands on closing costs. Save thousands by making no Private Line of Credit, Checking Account with Direct Deposit, MasterCard® , TDECU at no cost for the first 12 months of coverage, upon underwriting approval certified terminal illness as defined by the policy. Home Loan Now Mortgage Insurance payments. All-the-Time® Online Banking with Historic low prices and recently reduced E-Statements, TDECU Insurance Agency for life coverage. • Twelve months of payments will Earn interest on your escrow account. Quote, TDECU Investments No-Cost rates* make this the very best time to • Coverage may be continued for the be made regardless of how many buy a home. For a limited time, TDECU Pay no origination fee. Retirement Road Test, Visa® Debit Card term of the mortgage loan, regardless payments are left on the loan. is making it even easier with our 5-Star Choose any five of these products and Apply today by calling 800.839.1154, ext. 4614. of age, as long as premiums are paid. • In the event the loan is paid in full Home Loan, which includes up to 103% services to take advantage of this offer: * 4.5% rate / 4.89% APR available for a limited time and has special financing plus thousands of dollars in Auto Loan, Automatic Loan Payment, program requirements. Loans subject to credit approval. Variable rate TDECU Insurance Agency, LLC is a wholly-owned subsidiary of Texas Dow Employees Credit Union. TDECU Insurance Agency, LLC and Texas Dow Employees Credit Union are not affiliates of the insurance companies represented. Insurance products are not deposits; not NCUA insured; and not guaranteed by TDECU Insurance Agency, LLC or Texas Dow Employees Credit Union. C-N-0410-17 savings over the life of your mortgage.* Business Account, Cash $tash Personal mortgage. Financial Health Get Extra Green with a Home Equity Loan Summer Traveling Credit Card Tips advice for Women Spring is here, and if you’re like most of the home. So, if you already have Using credit cards while traveling is a smart idea for many Wednesday, May 19, 2010 | 8a.m.–4p.m. people, so are additions to your a $30,000.00 mortgage against your reasons. You get a record of your expenditures for record TDECU Investments Senior Financial “someday” list. As in, someday taking a $80,000.00 home, the most you can keeping and tax purposes. You may get a better exchange rate Advisor, Wes Garner, CRPC®, will borrow is $34,000.00 ([.80 x 80,000] – dream vacation or purchasing a certain when obtaining foreign currency. Your liability in the case provide introductory remarks for a special session on fiscal health at this year’s big-ticket item. Or even making home 30,000). If the mortgage on that same of a stolen credit card is limited to $50. Many credit card Women’s Health Conference, being held improvements. Well, with the help of a $80,000.00 home were $65,000.00, a companies will refund disputed charges and may even offer in the Corporate Learning Center on the home equity loan from TDECU, your home equity loan would not even be guarantees, special deals or warranties. Brazosport College campus. Visit someday could be today. possible because the current mortgage www.brazosport.edu/ce for more But traveling these days is often a juggling act of bags, already exceeds 80% of the fair market information. Click on “Education” to What exactly is a Home Equity Loan? It’s boarding passes, personal identification and passports, as access event information and to register. value. a type of mortgage which allows you to well a gauntlet of security measures. These identification convert the equity in your home into • One Home Equity Loan may be made acrobatics can leave you distracted and even a little Free Home Buying Seminar cash by borrowing money secured by against a home at a time. A second disoriented, placing you at greater risk of being targeted by Tuesday, June 22, 2010 | Lake Jackson Civic Center Home Equity Loan may not be made a lien on your homestead. The word an enterprising pickpocket or purse snatcher. And, even Registration starts at 6:00 p.m., while the “equity” means the difference between until the first is paid in full. One thing though your liability is limited, costs can quickly add up if seminar begins at 6:30 p.m., followed by a Q&A session at 8:00 p.m. Each attendee the fair market value of your home and to keep in mind is the new Home Equity many cards are involved. Factor in the hassle and increased will receive a complimentary home buying the total of all the debts against it. Loan can be designed to pay off the risk of identity theft, and it is apparent a few preemptive workbook and refreshments. RSVP by original home equity loan. measures can save you from a lot of heartache. • Bring different cards that are on separate accounts. Why? calling 800.839.1154, ext. 4614. A Home Equity Loan may be attractive to you for several reasons. They typically • A borrower is only permitted one Home Consider the following tips for traveling safely and Because if you need to cancel one card, all cards on that Equity Loan per year, regardless of how account will also be canceled, which could leave you Hey Kids! have a lower interest rate than other quickly the loan is repaid, and a Home economically with your credit cards: financially stranded. You’ll soon be receiving a letter explaining types of loans. Payments on a Home • Check the expiration date to make sure your card won’t some exciting new changes to your club Equity Loan may be tax deductible, and Equity Loan may not be converted to • Determine which of your credit cards offer the best deal expire while you travel. accounts. Moola and boom! are now M3 finally, for those who have had credit another type of loan. on foreign currency conversion. Unlike many card issuers, Kids Club and Elements Teen Club. If • Confirm your credit limit and account balance before you have an old membership card, it is issues, it is easier to qualify for a Home • Land that is taxed as “agricultural” or TDECU pays this conversion for you. Please note that even Equity Loan than other types of loans. you leave. still valid, but we encourage you to visit “open space” may not be used to secure a with conversion charges, many times ATM machines will a branch where you can pick up a stylish Because Texas laws have traditionally Home Equity Loan. • To avoid having your unfamiliar transactions flagged as have the best possible exchange rates and the lowest fees. new membership card complete with a suspicious, let TDECU know when you will be traveling. personal photo and your new club name. been designed to protect individuals and • The lender may not require the • If your PIN is longer than four digits, shorten it. Many Watch for more exciting club news, their families, Home Equity Loans were borrower to apply the loan proceeds • Leave photocopies of all of your cards, airline tickets and foreign ATMs will not accept a PIN which has more than coming soon. not even possible in Texas until late 1997. to repay a debt except debt secured by documents—both front and back—with a friend or family four digits. Change comes slowly, so when Texas real the homestead or debt owed to another member. If you take copies with you, black out expiration Special Note About Debit Cards: It’s all about estate law was finally amended to permit lender. The borrower is otherwise free dates and verification codes in case the copies are lost Due to high levels of fraud, TDECU’s Visa® Debit Card is blocked Dads and Grads Home Equity Loans, it included some to use the funds for any lawful purpose. or stolen. from use in Russia, Romania, Spain and Italy. Are you looking for a perfect gift for that of the strongest consumer protections A TDECU Home Equity Loan could • Write down your card cancellation phone numbers and special someone? How about a Visa® gift in the nation. Here are some important TDECU hopes these helpful tips will eliminate unnecessary stress card? Gift cards afford your loved ones the be just the thing you need to make stash them in your luggage. when it comes to traveling with your credit cards. To find the things to remember: your someday happen today. For more freedom to choose exactly what they want, • Always keep your cards on your person. Consider wearing a right credit card for your summer needs, visit TDECU.org or call while you get all the credit! Stop by any • The total of all mortgage debt (not information and details on the benefits money belt or a security wallet. 800.839.1154. branch to get yours today. just the Home Equity Loan) cannot and risks of a Home Equity Loan, contact exceed 80% of the fair market value us at 800.839.1154, ext. 4614. Studio 55+ Spotlight–Champagne appliances Moving? We Love Long Distance Relationships If a big move’s in your future, don’t transfer funds, pay bills, check your our best recommendations come from TDECU is proud to introduce our newest Studio55+ downtown Lake Jackson, provides on-site service for all worry: TDECU’s here for you. Our account history and more from the you, our members. Here’s a message participant. Champagne Appliances sells appliances, major appliances and TVs. Experience “The Champagne distance banking tools and services comfort of home. We can even work with we received recently from Rockwall, TX. electronics, bedding, leather furniture and more. As a Difference.” Stop by, call 979.297.3025 or browse their merchant lending partner, they also offer TDECU selection at champagneappliances.com. allow you to bank from almost you on a mortgage for a new home! We “I thought it would be a hassle to get on-the-spot financing. For a listing of other participating Studio55+ partners, anywhere. Direct deposit allows money love being your financial institution, so a home loan over the phone. Boy Champagne Appliances, located at 30 Circle Way in follow the “Find What You Need” link at TDECU.org. to enter your account just as easily from please don’t let distance come between was I wrong. Each of you made this two or two hundred miles away. Our us. If you have any distance banking experience so easy. Thank you.” online banking services allow you to questions, call 800.839.1154. Dan Jaeger, TDECU Member Federally insured to a minimum of $250,000 by NCUA. Follow us.