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					          Fall, Two Thousand Nine                                                                Published Quarterly For The Members Of Houston Federal Credit Union

                        It’s Never too Early to Start
          Thinking About the Holidays!
    Have you ever seen the excitement on someone’s face when
    they get a new car? Well now you can make someone’s holiday
    really special this year. Our new and pre-owned auto loan
    rates start at just 2.99% Annual Percentage Rate. And, these
    super low rates are good through the end of the year. Enjoy the
    holidays and all the money you saved by financing your vehicle
    at Houston Federal Credit Union!


    So get ready                                 New and Pre-owned Vehicle
    for the holidays                             Loan Rates Starting at Just
    and apply for
    your auto loan,
    home equity
    line of credit,
    or both!!
                                                        Home Equity Lines
                                                     of Credit Starting at Just
    Call us today
    or stop by
    your nearest
    HFCU office.                                          And Wall Street Journal Prime Rate


    Remodel your kitchen just in time for the holidays! The
    kitchen is always the room where family and friends like to
    gather. And now, you can make your kitchen look amazing
    with a home equity line of credit. Best of all, the interest you
    pay on a home equity loan may be tax deductible! Now that’s
    something other loans just can’t offer. And there’s more…we’ll
    even pay your normal closing costs. Beautiful kitchen, family
    gatherings, and huge savings. Make this holiday the best ever!

*APR is Annual Percentage Rate. Normal credit criteria apply. Rates for approved loans are based on the applicant’s credit history. Stated “rates as low as” apply to well-qualified applicants. Loan term, loan to value (LTV), and/or down payment,
for example, may vary based upon your credit history. Other restrictions may apply and rates are subject to change without notice. Talk to a loan representative for details. APRs for auto loans are effective through December 31, 2009. • Consult your tax
advisor regarding the deductibility of interest on a HELOC. The credit union will pay normal closing costs on a HELOC which include the following fees: title search, recording fee, release of lien, flood determination, and credit report. Additional fees, such
as any necessary title insurance, appraisal, survey, and attorney fees, will be the responsibility of the member. This is not limited to promotional periods. Normal credit criteria apply. Texas residents: The principal loan amount at the time the loan is made
must not exceed an amount that, when added to the principal balances of all other liens against your home, is more than 80% of the fair market value of your home. Maximum credit line for Texas residents cannot exceed 50% of the value of the property.
Texas residents can only have one home equity loan or HELOC in a 12-month period. South Carolina residents: Maximum loan amount of 90% of appraised value. Minimum credit limit of $4,000. South Carolina residents are limited to establishing one
home equity loan or home equity line of credit at one time. MINIMUM PAYMENT EXAMPLE: If you made only the minimum monthly payment and took no other credit advances, it would take 10 years, 10 months to pay off a credit advance of $10,000 at
an annual percentage rate of 5.00%. During that period, you would make 129 payments of $100.00 and one final payment of $65.12. HELOC rates are tied to the Wall Street Journal Prime Rate (currently 3.25%) and are subject to change as Prime changes.



                                                                                                                                                                     At Your Service – 24 / 7
                                                                                                                                                                www.houstonfcu.org
                      Whether you’re buying your first home, next home, or retirement home, HFCU has the perfect mortgage loan
                      to fit your needs. Our unique HomePlus program offers great rates and service, free online pre-approvals,
                      and cash back at closing, making it easier and more affordable to buy your new home. You’ll also get:

   Now is             • Access to a superior network of screened realtors and a dedicated team of mortgage loan
                        experts, who will all work tirelessly on your behalf.
                      • Easy application process with swift approval and closing.
  a Great             • Opportunity to receive cash back at closing! (cash back is determined by the price of the home)
                      First-Time Home Buyers Can Save Even More!
     Time             Home buyers can save even more on their mortgage with the federal housing tax credit for first-time home
                      buyers. Here are some important tips to help you determine if you qualify for the tax credit:

   to Buy             1. The IRS defines a first-time home buyer as someone who has not owned a principal
                         residence during the three-year period prior to the new purchase.


that New              2. The tax credit does not have to be repaid.
                      3. The tax credit is equal to 10% of the home’s purchase price up to a maximum of $8,000.


    Home              4. The credit is available for homes purchased on or after January 1, 2009 and before
                         December 1, 2009.
                      5. Single taxpayers with incomes up to $75,000 and married couples with incomes up to
                         $150,000 qualify for the full tax credit.
                      6. For more information on the federal housing tax credit, visit www.federalhousingtaxcredit.com.

                                                         With rates at historical lows, cash back programs, and first-time home
                                                             buyer incentives, now is a great time to buy a new home. Contact
                                                                   our experienced Mortgage Loan Officer, Sallye Gibson, at
                                                                        281.243.0525 or toll-free 1.800.460.6990!




 CREDIT UNIONS CELEBRATE THEIR
100TH ANNIVERSARY!
            Credit unions across the United States are celebrating their 100th anniversary this year. The first credit union in our country was
                started in 1909. On April 15, 1909, the Massachusetts Credit Union Act became law, and was the foundation for similar acts
                   passed in other states. Today, more than 177 million people worldwide belong to a credit union!
                     Credit unions have always been about “People Helping People,” and the annual International Credit Union Day is a way
                     to celebrate credit unions in the United States and all around the world. On October 15th, Houston Federal Credit Union
                     will join other credit unions and their members to celebrate International Credit Union Day.
                     Credit unions make life better for millions of people every day by saving them money, providing education, and helping
                    them reach their financial goals. That’s what makes credit unions unique.
                        Join us in celebrating International Credit Union Day and the 100th anniversary of credit unions in our country by
                            stopping by any HFCU office to enjoy refreshments.
                                       Your Money…Your Choice…Your Credit Union.
                                              International Credit Union Day – October 15, 2009
We’re sending our cards out                                                                                                   HFCU SHRED DAY
                                                                                                                              NOVEMBER 14, 2009
early this holiday season.                                                                                                    As we all know, shredding
                                                                                                                              is no longer an option; it is
Our HFCU platinum credit cards that is!                                                                                       now a necessary action that
                                                                                                                              everyone needs to take when
Kids are back at school, and soon you’ll be               There are so many advantages of having a credit                     protecting family assets and
seeing holiday merchandise in all the stores.             card at HFCU:
                                                                                                                              privacy. And, that’s why we
Let Houston Federal Credit Union help with
                                                          ▼ Enjoy a low introductory rate for the                             offer our Shred Day at HFCU
your college, holiday, or any other expenses
                                                            first six months on purchases, balance                             every year!
this year with a platinum MasterCard® or
                                                            transfers and cash advances
Visa®. They’re packed with the purchasing                                                                                     Bring in your old
power you need, and super low rates that will             ▼ No annual fee to worry about                                      mail, receipts,
save you money. And, others in your family                                                                                    personal forms,
might need one as well.                                   ▼ No balance transfer fees                                          credit card
                                                          ▼ No cash advance fees                                              statements,


2.99% Annual Percentage Rate
                                                          ▼ No rate increases for late payments

                                                          ▼ Accepted at millions of locations
                                                                                                                              and any other
                                                                                                                              paperwork with
                                                                                                                              your personal information
                                                                                                                              and shred away at the credit
      S IX M ONTH I NTRODUCTORY R ATE                       worldwide
                                                                                                                              union. We have a shred
                                                          ▼ Zero liability for any unauthorized                               company coming
                                                            transactions                                                      to our Sugar
                                                                                                                              Land office
                                                          ▼ Access account information and make
                                                            payments online with GoToMyCard                                   on Saturday,
                                                                                                                              November 14,
                                                          ▼ And many other benefits that come                                  2009 from
                                                            with being a platinum card member!                                9:30 a.m.
                                                                                                                              until 1:00
                                                          So get the card that gives you more. Apply for your
                                                          card online today at www.houstonfcu.org.                            p.m. And, the
                                                                                                                              shredding is on
                                                                                                                              us! That’s right
                                                      APR is Annual Percentage Rate. Certain limitations, excep-              – it’s FREE!!!
                                    tions, and restrictions apply. The introductory rate is valid for six months. After the
                   six month introductory period, the rate you receive will be variable (Prime plus a margin), based on
                   your credit history at the time of application. The introductory rate is only available for new HFCU
                   cardholders. Rates are subject to change without notice. Details will be provided when you
                    become a card member.




                                       HFCU WELCOMES
                                  our newest sponsor companies...
  Employees of the following companies, as well as their families and household members, can now join the credit union.

      Legacy Ford-Lincoln-Mercury                                If you would like for your company to join
                                                                 Houston Federal Credit Union, please e-mail
      Finnegan Auto Group
                                                                 Manny Reyes at mannyr@houstonfcu.org, or call
      Home Helpers – Fort Bend                                   him at 281.243.0562.
                                  - PRIVACY                 STATEMENT                    -
                       Your Privacy is Our Top Priority
FREE!
        Houston Federal Credit Union, your member-owned financial institution, is committed to providing you with

FREE!
        competitive products and services to meet your financial needs and help you reach your goals. We are equally
        committed to protecting the privacy of our members. This privacy policy describes our credit union’s practices
        concerning the personal information we collect and disclose about our members. It also includes information
        about the parties who receive personal and sometimes nonpublic information from us as we conduct the business

FREE!   of the credit union.
        If after reading this notice you have questions, please contact us at 1-866-687-4328.
        INFORMATION WE COLLECT ABOUT YOU -
        We collect nonpublic personal information about you from the following sources:
        ▼ Information we receive from you on applications and other forms
        ▼ Information about your transactions with us
        ▼ Information we receive from a consumer reporting agency
        ▼ Information obtained when verifying the information you provide on an application or other forms; this
          may be obtained from your current or past employers, or from other institutions where you conduct
          financial transactions
        We may disclose all of the information we collect, as described above, as permitted by law.
        PARTIES WHO RECEIVE INFORMATION FROM US -
        We may disclose nonpublic personal information about you to the following types of third parties:
        ▼ Financial service providers, such as insurance companies and mortgage service companies
        ▼ Non-financial companies, such as consumer reporting agencies, data processors, check/share draft
          printers, financial statement publishers/printers, plastic card processors, government agencies and
          mailhouses
        DISCLOSURE OF INFORMATION TO PARTIES THAT PROVIDE SERVICES TO US -
           In order for us to conduct the business of the credit union, we may disclose all of the information
             we collect, as described above, to other financial institutions with whom we have joint marketing
              agreements, to other companies that perform marketing services on our behalf, or to nonaffiliated
              third parties for the purposes of processing and servicing transactions that you request or authorize,
               so that we may provide members competitive products and services.
                We may also disclose nonpublic personal information about you under circumstances as permitted
                 or required by law. These disclosures typically include information to process transactions on your
                  behalf, conduct the operations of our credit union, follow your instructions as you authorize, or
                  protect the security of our financial records.
              To protect our members’ privacy, we only work with companies that agree to maintain strong
           confidentiality protections and limit the use of information we provide. We do not permit these companies
          to sell the information we provide to other third parties.
         DISCLOSURE OF INFORMATION ABOUT FORMER MEMBERS -
        If you terminate your membership with Houston Federal Credit Union, we will not share information we
        have collected about you, except as may be permitted or required by law.
        HOW WE PROTECT YOUR INFORMATION -
        We restrict access to nonpublic personal information about you to those employees who need to know
        that information to provide products or services to you. We maintain physical, electronic, or procedural
        safeguards that comply with federal regulations to guard your nonpublic personal information.
        WHAT MEMBERS CAN DO TO HELP -
        Houston Federal Credit Union is committed to protecting the privacy of its members. Members can help by
        following these simple guidelines:
        ▼ Protect your account numbers, plastic card numbers, personal identification numbers (PINs) or
          passwords. Never keep your PIN with your card. The PIN can provide free access to your accounts
          if your card is lost or stolen.
        ▼ Use caution when disclosing your account numbers, social security numbers, etc., to other persons.
          If someone calls you explaining the call is on behalf of the credit union and asks for your account
          number, you should beware. Official credit union staff will have access to your information and
          will not need to ask for it.
        ▼ Keep your information with us current. If your address or phone number changes, please let
          us know. It is important that we have current information on how to reach you. If we detect
          potentially fraudulent or unauthorized activity or use of an account, we will attempt to contact
          you immediately.
        Let us know if you have questions. Please do not hesitate to call us - we are here to serve you!
                                                                                                                           INVESTMENT FILES

                                                                                                                             A Message from John Woltemate,
                                                                                                                                    CRPC® Financial Advisor




           CONSIDER                                        The investment choices you make now will have
                                                           an impact on your quality of life after you retire.
          A VARIABLE                                       That’s why a variable annuity is a choice you
                                                           should seriously consider. In fact, through a
            ANNUITY                                        variable annuity, you have a great many choices.

           FOR YOUR                                        You can allocate your money among a broad
                                                           range of investments to match the level of
 RETIREMENT                                                risk you want to take, and you can make

   PLANNING                                                investment changes within the annuity without
                                                           tax consequence to take advantage of changing
                                                           market conditions and more favorable selections
among your investments. With a variable annuity, your investments compound tax-deferred until you
begin taking distributions, typically during retirement when you may be in a lower tax bracket. And, a
variable annuity allows you to select from several payout options, including receiving payments that last
for your entire life.

Unlike an IRA, there is no limit on the amount of after-tax income you can add each year, and you can
postpone withdrawals to age 85 and older.

                                     • Analyze whether money you have in other
           Here are a few              investments could be working harder.
        simple guidelines
                                     • Project when you want retirement savings
           in planning for             to start providing you with income.
             your annuity:
                                     • Decide how much you should commit to
                                       retirement savings.

                                                      • Compare the advantages of
                                                        investments that have outpaced
                                                        inflation with the security of a
                                                        guaranteed return.


                                                    For more information about variable annuities, or to
                                                   schedule a brief meeting, contact John Woltemate,
                                                   the HFCU Investment and Retirement Services
                                                  Representative serving the members of our credit
                                                  union, at 281.243.0565.




                                                            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,
                                                              Iowa 50677, toll-free (866) 512-6109. Nondeposit investment and insurance products are not federally insured, involve
                                                   investment risk, may lose value and are not obligations of or guaranteed by the financial institution. CBSI is under contract with
                                                        the financial institution, through the financial services program, to make securities available to members. B2MM-0807-1983
                                                                                                                                                                                       PRSRT STD
                                                                                                                                                                                  U.S. POSTAGE
                                                                                                                                                                                       PAID
                                                                                                                                                                                         Austin, TX
   16320 Kensington Drive                                                                                                                                                              Permit No. 1
   Sugar Land, TX 77479




                  www.houstonfcu.org

                                                                                  At Your Service...   24 / 7           Oaktree Office                        East Office
   Board of Directors..................................                                                                    Drive-thru Lane                   11821 East Freeway, Suite 515
          Jack Smyth, Chairman                                                                                          6808 Bintliff Drive                  Houston, TX 77029-1949
                                                                                                                        Houston, TX 77074                    (713) 455-6257
          Mike Ciancarelli, Vice Chairman                                                                               (281) 243-0620                       Fax: (713) 455-9533
          Brent Holloway, Secretary                                                Sugar Land Office                     Fax: (713) 774-5517                  Lobby Hours
          Virgil Harris, Assistant Secretary                                          Drive-thru Lanes • Drive-Up ATM   Lobby Hours                          Mon. – Thurs.: 8:30 - 4:15
          Sally McKnight, Treasurer
                                                                                      Walk-Up ATM                       Mon. – Thurs.: 9:00 - 4:00           Fri.: 8:00 - 6:00
                                                                                   16320 Kensington Drive               Fri.: 9:00 - 6:00
          Nancy Breland, Director                                                  Sugar Land, TX 77479                 Drive-thru                           Champions Office
          Chris Choat, Director                                                    (281) 243-0500                       Mon. – Thurs.: 7:00 - 4:00                Drive-thru Lanes • Drive-Up ATM
          Gail McGuire, Director                                                   Fax: (281) 243-0787                  Fri.: 7:00 - 6:00                    5507-E FM 1960 West
                                                                                   Lobby Hours                                                               Houston, TX 77069
          John Senna, Director                                                     Mon. – Fri.: 9:00 - 7:00             Fluor Houston Office                  (281) 580-1557
   Advisory Director ..................................                            Sat.: 8:00 - 2:00                       Walk-Up ATMs                      Fax: (281) 580-1577
                                                                                   Drive-thru                           One Fluor Daniel Drive               Lobby & Drive-thru Hours
          Margaret Taylor                                                          Mon. – Fri.: 7:30 - 7:00             Sugar Land, TX 77478                 Mon. – Fri.: 9:00 - 7:00
   Credit Committee ..................................                             Sat.: 8:00 - 2:00                    (281) 263-3351
                                                                                                                                                             Sat.: 9:00 - 2:00
                                                                                                                        Fax: (281) 263-3279
          John Senna, Chairman
                                                                                   Kirby Office                          Lobby Hours
                                                                                                                                                             Southeast Office
          Linda Amerson                                                               Walk-Up ATM                       Mon. – Thurs.: 8:30 - 4:00                Drive-thru Lanes • Drive-Up ATM
          Rebekah Riddle                                                           3701 Kirby, Suite 120                Fri.: 8:30 - 4:30
                                                                                                                                                             12346B Gulf Freeway
                                                                                   Houston, TX 77098
   Supervisory Committee ........................                                  (281) 243-0650                       Greenville Office                     Houston, TX 77034
          Gail McGuire, Chairman                                                   Fax: (281) 243-0764                     Walk-Up ATMs                      (713) 946-5828
                                                                                   Lobby Hours                          100 Fluor Daniel Drive, C102U        Fax: (713) 946-5740
          Janet Chadwick
                                                                                   Mon. – Fri.: 8:30 - 4:30             Greenville, SC 29607-2770            Lobby & Drive-thru Hours
          Alexis Kent                                                                                                   (864) 676-7300                       Mon. – Fri.: 9:00 - 7:00
          Trisha Todd                                                              Northwest Office                      Fax: (864) 676-7307                  Sat.: 9:00 - 2:00
                                                                                      Drive-thru Lanes • Drive-Up ATM   Lobby Hours


HOLIDAYS
                                                                                      Walk-Up ATM                       Mon. – Thurs.: 8:00 - 4:00           Web site & e-mail
                                                                                   21550 State Highway 249              Fri.: 8:00 - 4:30                    www.houstonfcu.org
                                                                                   Houston, TX 77070                                                         talktous@houstonfcu.org
                                                                                   (281) 243-0800                       Rosenberg Office
All Houston Federal Credit Union offices will be closed on                          Fax: (281) 243-0766                     Drive-thru Lanes • Drive-Up ATM   Toll-Free Phone
the following holidays:                                                            Loan Dept.: (281) 243-0820           28050 Southwest Freeway              Numbers
                                                                                   Lobby Hours                          Rosenberg, TX 77471                  (866) OUR-HFCU (687-4328)
Columbus Day - Monday, October 12, 2009                                            Mon. – Thurs.: 9:00 - 4:30           (281) 243-0600                       or Greenville: (800) 676-7309
Veterans Day - Wednesday, November 11, 2009                                        Fri.: 9:00 - 5:00                    Fax: (281) 239-8304
Thanksgiving Day - Thursday, November 26, 2009                                     Sat.: 9:00 - 1:00                    Lobby Hours                          TellerPhone
                                                                                   Drive-thru                           Mon. – Thurs.: 9:00 - 5:00           Sugar Land Local (281) 243-0770
Christmas Holidays                                                                 Mon. – Thurs.: 7:30 - 6:00           Fri.: 9:00 - 6:00                    Greenville, SC (864) 676-7110
All offices and drive-thrus will close at noon on Thursday, December 24, 2009.      Fri.: 7:30 - 6:30                    Sat.: 9:00 - 12:00
All offices will be closed on Friday, December 25, 2009.                            Sat.: 9:00 - 1:00                    Drive-thru
All offices will be closed on Saturday, December 26, 2009.                                                               Mon. – Thurs.: 8:00 - 5:00
                                                                                                                        Fri.: 8:00 - 6:00
New Years Eve                                                                                                           Sat.: 9:00 - 12:00
All offices and drive-thrus will close at noon on Thursday, December 31, 2009.
New Years Day Holidays - January 1 & 2, 2010                                                                                                                 Your savings federally insured
                                                                                                                                                             to at least $250,000 and
CGGVeritas Office will also be closed on Friday, November 27. • November                                                                                      backed by the full faith and
27, December 24, December 26, December 31, and January 2 are not Federal                                                                                     credit of the
Reserve Holidays; therefore, checks and deposits will post to your account.                                                                                  United States
However, October 12, November 11, November 26, December 25, and January 1                                                                                    Government.
are Federal Reserve Bank Holidays; therefore, checks and deposits will not post
to your account. • Please make your deposits before the holidays.

				
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