A Newsletter for Members of American Heritage Federal Credit Union
A Newsletter for Members of American Heritage Federal Credit Union
American Heritage Make Your House Do the Work
Promotes Literacy with the For You with a Home Equity
Books for Kids Program Loan from American Heritage!
Maybe you spent more than you budgeted for the holidays, or
you need some extra cash for those home improvement projects
you been wanting to do, or perhaps you just want to consolidate
your bills? American Heritage wants to help save you money!
Let your house do the work for you. You can use the equity
in your home to get an American Heritage Home Equity Loan
or Line of Credit. A loan at American Heritage means lower
interest rates. We offer a great rate of 4.74 APR† on our Home
Equity Loans up to 60 months and 3.49%APR†† on our Home
Equity Line of Credit. You can even get terms up to 20 years!
Whatever you need, American Heritage wants to make sure
In its inaugural year, the “Books for Kids” program was you get the loan that best fits your needs. We offer a variety of
an overwhelming success! Members of the Credit Union loan products including personal loans and personal lines of
became “Book Buddies” for a donation of $3 and through credit. American Heritage has competitive rates
your generosity over 2,300 books were donated to various and a quick approval process. Stop by your
organizations. local branch or call 1-800-342-0008 or
215-969-0777 to talk to a Loan Specialist
A special donation of over 1,300 books was given to the
today. To apply online, visit
“Reach Out and Read” program at the Children’s Hospital of
Philadelphia, which promotes early literacy and school
readiness in pediatric exam rooms by giving new books to
children and educating parents on the importance of reading
What’s Your 2011
American Dream? A Trip to
We Can Help!
Win a... New 2011 Chevy Cruze Monthly Drawing for
an Apple iPad
A Home Makeover
a Hawaiian Vacation • $5,000 Home Makeover Worth $5,000 for details!
or one of twelve iPads *
American Heritage...What’s Your American Dream? BEST
Is It Time for a
Financial Check Up?
Financial fitness is more than
just having a savings account or
being debt free - it’s an overall
concept that ranges from
knowing how much income
you need to achieve your goals,
to how much money you will
need to retire comfortably.
You don’t have to be an expert in all areas to become financially
fit. Practicing the basics of smart money management is all it
takes for most people to reach their goals. But, sometimes you
have questions and you want to know that you are on track.
That’s why American Heritage has partnered with BALANCE All your decisions should be this
Financial Fitness Program. The experts at BALANCE can help easy! Put money away now for
you identify the places in your financial “body” that need the retirement and save on this year’s
most attention - then prescribe just what you need to become taxes OR pay more taxes now and
- and remain - financially robust. have less saved when you retire
Check your money management vital signs by asking yourself and really need it.
the following questions: You can choose from a Traditional
Are your goals current? Are you meeting them? IRA, Roth IRA, Education Savings
Account or IRA Certificate.
Are you setting money aside for emergencies? Stop into your local branch and
Do you have a positive net worth? speak with a Member Service
Representative about our IRA
Are your spending habits what you want them to be?
options before April 15th and start
Have you seen your credit report lately? Ever? saving money now and securing
If you answered “No” to any of these questions, you may
benefit from a financial check-up. Call BALANCE today. For more information regarding your
Appointments are free, courtesy of American Heritage. Call specific tax situation, contact a tax
them toll free 888-456-2227, or visit www.balancepro.net for professional.
Ditch the Credit Card Company &
Get a 1% Cash Rebate Back on
Your Balance Transfer!
If “what’s in your wallet” is weighing you down, ditch the credit card company and the outrageous monthly payment by transferring
your balance to an American Heritage MasterCard. When you do, you’ll earn a 1% rebate on the amount of your balance transfer!**
Don’t have an American Heritage MasterCard? Apply for one today and you’ll not only receive the 1% rebate, but you also get a
great low rate and no annual fee.† Plus when you apply for a Platinum MasterCard you’ll earn one ScoreCard Reward point for every
$1 you spend on future purchases!
To get started today, visit www.amhfcu.org, stop by your local branch or call 215-969-0777 and talk with a member service
**1% cash back valid on balance transfers of $500 or more. Valid only on balance transfers from another institution, not valid on AMHFCU Credit Cards, loans
or cash advances. 1% offer cannot be combined with other promotional offers. Offer ends February 28, 2011.
† No annual fee on Platinum, Gold, or Classic MasterCards.
Hurry, this special offer ends February 28th!
American Heritage Mortgages In Memory of
are Still at 40 Year Lows! Don Kilcullen
Whether you’re looking to purchase your first home or (1919-2010)
refinance your current home loan, American Heritage is ready
to serve you. We are a full service mortgage provider with
competitive rates and lower fees. And if you think you missed It is with great sorrow that
your opportunity for we report the passing of
a low loan rate, Don Kilcullen, a founding board
think again. Rates member of American Heritage
are still low! Our Federal Credit Union. Don died
knowledgeable staff on December 29, 2010, he was 91
is ready to help years old.
you purchase your Don served on the Board of
dream home with Directors since 1986, most recently
financing terms you as Vice Chairman. Don was
can afford. Act now involved with initiating the Credit Union in 1948, and
and you can literally had served on various Committees since its inception.
save thousands of As Chairman of the Planning Committee, Don was
dollars on your first instrumental in the growth of American Heritage into
mortgage. To apply the $1 Billion financial institution it is today. He was
today, visit us online also a member of the Building, By-Laws, Delinquency,
at www.amhfcu.org. Investment, and Personnel Committees. He furthered
his credit union training by graduating from the
Penn State University Credit Union Institute and had
attended numerous other credit union educational
seminars. Don was retired from the Budd Company,
and was Financial Secretary of the local UAW Union.
American Dream? We offer our deepest sympathy and condolences to
Don’s wife Marie and his entire family.
American Heritage wants to
be your financial partner who
works with you and helps you Earn up
achieve your American dream.
Whether that dream is a new to $105!*
home, an exotic vacation or a
higher education, we have the
products and services to meet
your needs. The Winners Corner!
Right now, when you refer a new member or open any Our Members WIN BIG when they use
qualifying new service, you’ll be automatically entered into American Heritage Federal Credit Union!
our American Dream Sweepstakes. Plus, you can earn up
to $105 by adding credit union services. New and current
members can earn $50 by adding a new checking account
with Direct Deposit of net pay. Add an Independence Check
Card to earn another $25. If you get these services, then add
OnLine Bill Payer, you’ll earn an additional $25. Finally, we
will pay you $5 if you sign up for e-Statements rather than
traditional monthly paper statements.*
Qualifying services include: opening a new Share Account, Kristen, pictured with Phil Rubinlicht, Assistant
Branch Manager of the New Britain Branch.
opening a new Checking Account with direct deposit,
opening a new Term Share Certificate of $1,000 or more, Kristen Ciccarelli
obtaining an Auto Loan, Signature Loan or MasterCard,
opening a new IRA, obtaining a Home Equity Line of Monthly Winner of
Credit or obtaining a First Mortgage. Get any of these new
services and earn a chance to win the American Dream!*
the Apple iPad!
Stop by your local branch or call 215-969-0777, and talk with
a member service representative to find out how to stop What’s Your Americ
dreaming and start living Your American Dream today!
A Message from the American Heritage
Investment and Retirement Center B ULLETIN BOARD
All branches of American Heritage will be closed on
Monday, February 21, 2011
in observance of President’s Day.
Wealth transfer planning doesn’t have to take a lot ATMs, Phone Teller, OnLine Teller, Mobile Teller,
of money or a complicated estate plan to create OnLine Bill Payer and Loans-by-Phone
a lasting legacy. If your plan is to leave a sum of can be accessed any time.
money to your children, grandchildren or a charity;
there may be a more tax-efficient solution for your
maturing CD. Apply For A College
Whole life insurance provides an instant legacy for
your beneficiaries income-tax free, with the ability to
bypass probate. American Heritage is committed to the
For those who might be un-insurable, or want a product credit union spirit of “people helping
that allows for withdrawals and access prior to death, a people.” This year, the Credit Union
variable annuity might be an option. A variable annuity will be awarding 10 scholarships,
offers tax-deferred accumulation of earnings, has the in the amount of $1,000 each, to
ability to bypass probate, and an optional guaranteed deserving high school students.
annual death benefit increase rider. Applicants will be judged on
Please contact the Investment and Retirement Center scholarly merits, community
Representatives** to learn more. If you utilize the and school involvement, a
Carriage House or Suburban Offices, contact Bryan letter of recommendation, and
Roberts, CFP, ChFC or Eric Murr at (215)969-2967. a submitted essay on “How My
If you utilize the New Britain, East Norriton, King of Credit Union Can Help Me Achieve
Prussia, or Perkasie offices, contact Rick Whitmire My American Dream.”
at (215)489-9301, x 210. If you use the Philadelphia
City offices, contact Bill Corr at (215)320-1751, x 202 Applications may be picked up at any American
or stop by to schedule an appointment to discuss an Heritage branch or requested by calling 215-969-0777. You
estate strategy that works for you! can also download the application online at www.amhfcu.org.
** Representatives are registered, securities are sold, and investment The deadline for applications is April 1, 2011.
advisory services offered through CUNA Brokerage Services, Inc.
(CBSI), member FINRA/SIPC, a registered broker/dealer and investment
advisor, 2000 Heritage Way, Waverly, Iowa 50677, toll-free BOARD OF DIRECTORS
800-369-2862. Nondeposit investment and insurance products are not Cecilia B. Grady - Chairperson
federally insured, involve investment risk, may lose value and are not Gary Weyhmuller - Vice Chairperson
obligations of or guaranteed by the financial institution. CBSI is under
contract with the financial institution, through the financial services Bruce K. Foulke - Treasurer
program, to make securities available to members Susan V. Barrios - Secretary
Life insurance is sold by CUNA Mutual Insurance Society. This James Brownlow, Frank DiDomizio, Clara Glenn,
insurance is not a deposit and is not federally insured or guaranteed by Bernett Taylor, John Tracy
your credit union. The investment in a CD or Certificate is insured by
the federal government through the NCUA. Withdrawals made from SUPERVISORY COMMITTEE
an annuity before age 59 ½ may be subject to a 10% tax penalty. Susan V. Barrios - Chairperson
FR091023-8123 Doug Tweddale
Director Emeritus, Marie Kehan
†Annual percentage rates on these products are determined by an evaluation of applicant credit. Your rate may vary from the rate shown. APR = Annual Percentage Rate. All payments quoted are based on per $1,000 borrowed. To get a monthly payment for a specific borrowed amount,
multiply the per $1,000 payment factor by the number of thousand dollars borrowed. For example, if you borrow $10,000, multiply 10 by the figure noted next to the specified loan product.
††Gold Home Equity Line of Credit Rate is as low as 51 basis points below the highest prime rate as published in the Money Rates Section of the Wall Street Journal in effect on the last business day of each calendar month of each year. Rate cannot fall below 3.49% APR or exceed 14.99% APR.
Minimum Payment Example: If you made only the minimum payments and took no other credit advances, it would take 119 months to pay off a credit advance of $10,000 at an Annual Percentage Rate of 3.49%. During that period, you would make 119 monthly payments of $100.00, which
is the minimum payment per month for this account and a final payment of $36.78. Maximum Rate and Payment Example: If you had an outstanding balance of $10,000 during the draw period, the minimum payment at the maximum Annual Percentage Rate of 14.99% would be $139.89.
This Annual Percentage Rate could be reached during the first month of the draw period. If you had an outstanding balance of $10,000 during the repayment period, the minimum payment at the maximum Annual Percentage Rate of 14.99% would be $161.27. Rates on these products are
determined by an evaluation of applicant credit. Your rate may vary from the rate shown.
*Conduct any of the qualifying transactions listed between January 3, 2011 and November 4, 2011 to receive your entry into the “What’s Your American Dream” Monthly Sweepstakes. Drawings will take place on the first Friday of each month, through December 2011. Monthly winners will
be awarded an Apple iPad valued at $499. Need not be present to win. Each monthly winner will be entered into the Grand Prize drawing to be selected on November 26, 2011 and must be present to win. Grand Prize drawing: First Place will be awarded a 2011 Chevy Cruze Vehicle, valued
at $22,000; second place will be awarded a trip for two to Hawaii, valued at $5,000; third place will win a home makeover valued at $5,000. Grand Prize winners will be drawn from entries received through November 4, 2011. All prizes awarded throughout the year will be selected from
sweepstakes entries received monthly on qualifying transactions. Prizes shown may differ from actual prize. Odds of winning determined by number of entries. No purchase is necessary. Entry forms available at any AMHFCU branch. Any winner that wins a prize that cumulatively values $600
or more will be sent an IRS form 1099 and may be responsible for paying taxes on the prize winnings. Prizes are not transferable or exchangeable. AMHFCU assumes no responsibility or liability for damages, loss or injury resulting from acceptance or use of prizes. AMHFCU employees, board
and family members are not eligible for the “What’s Your American Dream” sweepstakes.† Referred accounts must remain open and in good standing or free services will be void. Cash rewards will be deposited into your account 60 days after account opening/activity; direct deposit must be
received before $50 is awarded.
24 Hour/7 Day Account Access • NYCE ATM Network • Call Center: 215.969.0777 • Phone Teller: 215.969.8200 • OnLine Teller: www.amhfcu.org
Your savings federally insured
to at least $250,000 and backed For a full directory of more
by the full faith and credit of than 4,000 Shared Branches
the United States Government. and 28,000 Surcharge-Free
ATM’s, visit www.amhfcu.org