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,
line of credit,
Home Equity Lines
of Credit Starting at Just
Call us today
or stop by
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
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
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
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
▼ Access account information and make
payments online with GoToMyCard on Saturday,
▼ And many other beneﬁts that come 2009 from
with being a platinum card member! 9:30 a.m.
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.
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 firstname.lastname@example.org, or call
Home Helpers – Fort Bend him at 281.243.0562.
- PRIVACY STATEMENT -
Your Privacy is Our Top Priority
Houston Federal Credit Union, your member-owned ﬁnancial institution, is committed to providing you with
competitive products and services to meet your ﬁnancial needs and help you reach your goals. We are equally
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
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
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
Let us know if you have questions. Please do not hesitate to call us - we are here to serve you!
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.
• Project when you want retirement savings
in planning for to start providing you with income.
• Decide how much you should commit to
• Compare the advantages of
investments that have outpaced
inﬂation with the security of a
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
16320 Kensington Drive Permit No. 1
Sugar Land, TX 77479
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
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
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
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 email@example.com
(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.