Your SlideShare is downloading. ×
October 2010 Newsletter
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

October 2010 Newsletter

362
views

Published on

The following is a sample of a quarterly member newsletter project coordinated and managed by Mary E. Harris.

The following is a sample of a quarterly member newsletter project coordinated and managed by Mary E. Harris.

Published in: Education

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
362
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. FALL 2010 | www.esfcu.org AnExchange Fall into Savings used auto sales event ~ Rates as low as 3.74% APR* Thieves Don’t Being a member of Educational Systems FCU has many perks, and for a better combination? A great used car rate from your Credit Union Take Holidays saving is one of them! If you are and a gas card from Enterprise! The holidays are right around the corner looking to purchase a car, why not Enterprise Car Sales offers a large and more than ever, consumers will shop decide to purchase a used vehicle variety of used cars with one year by mail, phone and online. Although from Enterprise Car Sales! Now is the warranties at no-haggle, below these methods are convenient, they also perfect time to fall into great savings NADA prices. If you are interested create greater opportunities for thieves with our Fall Used Car Event on in purchasing a used car during who hope that shoppers will drop their Saturday, October 30th from 9 a.m. this promotion, please contact guards in pursuit of bargains and hard- until 2 p.m. at the Enterprise Car Educational Systems FCU at to-find items. To assure a happy holiday Sales New Carrollton location. Even 800.356.6660 to get pre- season, protect yourself from fraud. better, purchase a car from Enterprise during this promotion and receive approved today! Then visit • Check out the seller. Be sure anyone a $100 gas card**! Talk about www.cuautodeals.com today to selling online has a physical address, membership perks! Who could ask preview Enterprise’s great selection phone number and clearly posted of used cars! policies relating to payments, refunds, delivery schedules, and the privacy of your information. Merchants selling by mail and phone should provide the same information. When in doubt,* As low as 3.74% Annual Percentage Rate (APR) is a fixed rate on loans financed up to 125% of the contact the Better Business Bureau for NADA trade value for a maximum of 36 months. Applications are subject to credit approval. Actual rate a reference. is based on your credit report. • Be wary of unsolicited phone calls. **$100 gas card will be issued within 45 business days upon purchase (or financing) of vehicle. Thieves sometimes pose as well-known Offer valid only on Enterprise vehicles purchased 10/01/10 - 10/30/10 and financed through Educational Systems FCU. Offer void when 7-Day Repurchase Agreement is activated. No cash retailers, offering special deals available advances. Cannot be combined with any other offers. Not valid on previous purchases. only by phone. Shop by phone only when you initiate the call, and to a merchant you know and trust. • Check out the product. Some sellers try to hide the fact that the offered (continued on page 5) 1
  • 2. AnExchange Do You Have Fall Fix-ups in Mind? Now that Summer is a thing of the past and Fall is here, do you have home renovations on your mind? Perhaps you would like to paint or order new cozy furniture before Winter strikes again! Whatever you decide, your home could help you pay for its repairs. Why not use your home’s equity to help with those Fall fix-up projects? Whether you are in the market for a new home, refinance your existing mortgage or open a Home Equity Line of Credit (HELOC), we have the solutions that you need to get what you want. Take advantage of our HELOC with a low introductory rate of 2.99% APR* for the first 12-months. Borrowing against your home’s equity enables you to borrow at one of the lowest rates available, and in most cases, your interest is tax-deductible (consult with your tax advisor). Don’t delay! There’s no better time to contact your Credit Union. Please give us a call at 800.356.6660, stop by one of our branch locations, or visit us online at www.esfcu.org. * Annual Percentage Rate (APR) for the first 12 months. Upon expiration of the intro rate, all balances will accrue interest at the variable APR in effect for your account. Your APR may vary. Other conditions may apply.Smart Holiday ShoppingTakes Planning and ControlDo you catch yourself saying this every 2. Make a list: Shop from a list to avoidyear after the holidays? “Next year I’m impulse purchases that could leave yougoing to spend less money.” Then the in a large amount of debt at the end ofholiday season rolls around again and the season.you repeat the cycle. It’s very easy to get 3. Comparison shop: Take the time tocarried away, and spend more than your find the best deal. Fight the urge tobudget will allow. However, it can be get your shopping over with as quicklyjust as easy to stay financially fit, even as possible, and, for the procrastinator:during the busiest shopping season of Don’t wait until the last minute!the year! 4. Trim your interest payments: If you decide to pay with a credit cardHere are some suggested holiday instead of using cash, use a card withspending tips: a low-interest rate. Now is a good time is ideal for those “hard to buy for”1. Budget your spending and set to contact us about our Visa® Double people on your holiday gift list. goals: Start with a realistic idea of Platinum Card! You could earn double 6. Open a sub savings account: Enjoy how much you can spend on holiday reward points on every purchase, the convenience of opening a sub gifts, food, travel, and so on. Add it and get a great low rate tied to the savings account with your Credit Union. up and really give some thought to prime rate*. Put a small amount of money away what best fits your budget. 5. Shop smarter not harder: If each month deducted directly from your you want to avoid the hassles of paycheck to save for your holiday gift long lines and holiday shopping all giving, vacations, or anything that you together, remember Visa®. Gift Cards need to save for. It may be too late to can be purchased directly from any start saving for this holiday season, but Educational Systems FCU branch certainly never too late to start saving location, and used anywhere Visa. for next year’s holiday shopping. Debit Cards are accepted. This option * As of September 1, 2010 prime rate was 3.25%. 2
  • 3. In the Know About… A Power Of Attorney A Power Of Attorney (POA) is a document that allows an individual (Attorney-In-Fact) to legally act on the behalf of another (such as an account holder). It does not create a trust, it does not give ownership rights, and it does not create a beneficiary. A power of attorney is only valid while the individual granting the POA is alive. The most common use of this document is to protect or assist an individual in the event of an unexpected illness or injury. Effective October 1, 2010, all power of attorney documents executed in Maryland must meet certain requirements to be accepted for financial transactions. For your convenience, Educational Systems FCU has a limited power of attorneyChoose to Open Your form that you may use with your creditChecking with Us union accounts. If a non-Credit UnionYou Make the Choice POA is presented If you are looking for better options to meet your checking and requires outsideneeds, Educational Systems FCU offers three checking legal review, there willoptions* (Standard Checking, Premium Checking and Interest be a $75 legal reviewChecking)—You make the choice. fee charged.All of our checking Standard Checking If you have questionsaccounts offer: • No minimum balance regarding an existing• Free Visa® Debit Card requirements and an $8.95 POA or wish to revoke • Free Online Banking & monthly service fee. one that is on file BillPayer • Maintain a minimum of with us and you no• Free eStatements $1,500 and the monthly longer have use for• Free first order of 50 checks service fee is waived. this document, please• Free unlimited use of ATMs visit one of our branch located at Educational Premium Checking locations for assistance. Systems FCU branch • No minimum balance locations and our ATM requirements located at the Charles County Board of Education • No monthly service fees Membership• Surcharge free access at any of the Prince Georges Interest Checking • A $500 minimum balance Has it’s Privileges County Community FCU is required to earn interest We have partnered with Nationwide Insurance to offer our ATMs and to avoid a below Members a discount on their auto insurance. It is simple, call• No per check fee minimum balance fee. your current Nationwide agent and ask for the Educational• Great selection of check Systems FCU Affinity discount. A 3% discount will be applied designs to choose to your policy. If you are not insured with Nationwide or have questions on your current Nationwide policy please contact:To open your new Educational Systems FCU checking account, Corrigan Insurance Agencyvisit any of our branch locations, or give us a call at Tele: 301.474.4111800.356.6660. Toll Free: 800.213.1634* Eligibility for a checking account is subject to credit review and may have certain other Email: corriganagency@nationwide.com requirements and fees. 3
  • 4. Fall 2010 | www.esfcu.orgAccount Number Conversion Bowie High School Our Community Corner & Annex In-SchoolComing Soon Credit Union BranchIn an effort to further enhance the security of your Grand Opening!financial information, Educational Systems FCU isconverting social security number based account On Monday, September 13th atnumbers, and all account numbers that are seven digits 11:00 a.m., the Credit Unionor longer, to randomly generated account numbers. partnered with Bowie High School administrators and faculty for theEffective October 9, 2010, your new account number will be required for all grand opening and ribbon cuttingtransactions conducted at any Educational Systems FCU branch office. It will also ceremony of the Bowie High Schoolbe necessary for Audio Response Teller (ART) and Online Banking access; however, In-School Credit Union Branch! An your passwords will not change. PIN numbers for ATM and debit cards will not additional In-School Branch locationchange and will automatically access your new account number. opened at Bowie High School Annex on Wednesday, September 15th.If you have a checking account with us and have ordered checks within the past fiveyears, we will automatically order a new set of checks for you at no charge. Future Students will have the opportunitycheck orders should be made using your new account number. Please destroy all checks to open savings accounts and makebearing your old account number upon receipt of your new checks. Any direct deposits deposits into their accounts on aor automatic withdrawals will automatically be transferred to the new account number weekly basis. Participating in theand will continue to post to your account. After the conversion, we recommend that you ribbon cutting was Jane Spence,contact your payroll office and others to request that they update your direct deposit or Principal; Davina Hurt, Businessautomatic withdrawal instructions with your new account number. Department Chair; DeLoria Savoy, AVP, Member Services; Brenda Rosario,Please watch your mail carefully for a more detailed letter and new membership Bilingual In-School Coordinator;identification cards. Your new account number will be provided in that letter, along and Bowie H.S. students. Also in with other important account information. attendance for the event was Donna Rodney, Supervisor, BusinessIf you have any questions regarding the conversion of your account number, please and Computer Management Servicesgive us a call at 800.356.6660 or speak with a Member Services Representative at and Experiential Learning andyour nearest branch office. Educational Systems FCU staff.2010 International Credit Union DayWe’re celebrating a special day, and it’s all about our commitment to you. Joinus October 21 to celebrate International Credit Union Day with this year’s theme“Local. Trusted. Serving You.” At Educational Systems FCU, we’re proud to continue serving the needs of our members and our local community. In tough economic times, it’s ourcooperative spirit and dedication to our members and community that sets credit unionsapart from the rest. Credit unions don’t belong to shareholders hoping to turn a profitfrom your cash. Rather, credit unions are member-owned, and any earnings are returnedto you in the form of better rates and higher earnings. Take full advantage of your credit union membership. Meet your borrowing and savings needs with our member-friendly, low-priced services. Bowie High School Annex In-School Branch Grand Opening! L to R: Cheryl English, Member This International Credit Union Day, we want to thank Services Representative; Joshua Warren, 9th grade student; Donna Rodney, Supervisor you for trusting Educational Systems FCU to take care Business & Computer Management Services of you. We have only your best interests in mind. Let & Experiential Learning; DeLoria Savoy, AVP Member Services; Brenda Rosario, Bilingual us know how we’re doing and what we can do to School Financial Education Coordinator; make your credit union experience even better. Be Rhonda Taylor, Tech Prep Coordinator; Orewana Bey, Assistant Principal; Khyla Webb, sure to stop by your local branch on October 21 for 9th grade student; Davina Hurt, Business refreshments. Department Chairperson. 4
  • 5. Fall 2010 | www.esfcu.orgThieves Don’t If you are a victim of identify theft, take these steps immediately:Take Holidays 1 Place a fraud alert on your credit reports, ask for a free copy of your 2 Close accounts such as savings or checking, cancel any ATM cards (continued from page 1) credit report, and review those reports that have been tampered with or item is refurbished or a previously for evidence of accounts you didn’t open. used fraudulently. Contact all financial returned item. Be certain of the product Fraud unit contacts are: institutions and lenders, credit card description in the ads and examine issuers, utility companies, and the Social items carefully when they arrive. Equifax Tele: 888-766-0008 Security Administration to notify them of • Don’t email financial information. P.O. Box 740241, Atlanta, GA 30374-0241 the fraud. Follow up each conversation Email isn’t always secure, be sure to www.equifax.com with a letter. Ask the credit bureaus for enter personal and financial information Experian Tele: 888-397-3742 their advice regarding the best fraud only when there is a “lock” icon on the P.O. Box 9532, Allen, TX 75013 monitoring services available. browser’s status bar and look for the www.experian.com URL to read “https” versus “http”.• Don’t open suspicious attachments. Some Internet identity thieves will TransUnion Tele: 800-680-7289 P.O. Box 6790, Fullerton, CA 92834-6790 3 File a report with law enforcement and insist on getting a copy of the report or the report number. send spam email offering unbelievable www.transunion.com bargains on hot items such as digital cameras, computers, and mp3 players. popping up everywhere but some are you called, and who you spoke with. The email includes an attachment that found in high traffic areas where there Always ask for a confirmation number promises to explain how to obtain are opportunities for thieves to observe for your order to quickly reference the the promised item. By opening the your pin entry and use small cameras to purchase if the item fails to arrive or attachment, however, you download a film your transaction. you are not satisfied. program that searches your computer • Know Your Rights. All retailers for your personal information, and (including those using the Internet) must Want more important consumer and transmits that data to the thief. ship your order within the time limit they personal finance guidance? Contact the• Keep your virus protection software promised in their offer. If they didn’t financial professionals at BALANCE. and personal firewall up-to-date. state a time limit they must ship within As a benefit of membership with Many software packages have features 30 days of receiving payment. If the Educational Systems FCU, counselors that allow an automatic check for retailer cannot ship within the promised are ready, at updated virus definitions or enhanced date, they must allow you to cancel the no charge to protection; use these options to guard order and receive a timely refund. you, to answer against hackers and thieves. Don’t • Keep Records. Save all documentation questions and forget to use hard-to-guess passwords related to your purchases, including help you develop to further protect sensitive data. emails detailing online purchases. Make a personal finance strategy. Visit• Be careful using unfamiliar ATMs. Need note of all phone purchases, including www.balancepro.net or call toll-free: cash on your shopping trip? ATM’s are the phone number you called, when 888.456.2227 today.Satisfied Member!! I just LOVE my Credit Union. Call forMy Mom opened an account for me when Since I just finished law school in May, NominationsI was about two. Now at 24, I have my my job didn’t start until September.own reasons for being a member for life. Educational Systems FCU had this fantastic Attention Members: Here is anEducational Systems FCU helped make my July/August car loan sale with great rates, opportunity to serve your fellowdream car a reality!! Look at it, I get thumbs a $200 Visa® Gift Card and Credit Union members. If you areup from guys when I wouldn’t have to make my interested in volunteering tothey pull up beside first payment until the end of serve on the Board of Directorsme on the road. this October. Can we say— or a committee, please contactI think they are PERFECT DEAL!! I love it, thanks Karen Jung by November 1, 2010surprised to see me Educational Systems FCU! at 800.356.6660 ext 4767 toin the driver’s seat! ~ Nicole S. receive a nomination request form. 5
  • 6. AnExchange Prst First Class U.S. Postage PAID Southern MD P.O. Box 179 Permit No. 305A Changing Greenbelt, MD 20768-0179Marketplacefor ConsumersYou may be aware of the numerousproblems caused by the recentfinancial crisis which has promptedCongress and the Federal Reserveto make many regulatory changesaffecting banks and credit unions.The recent Credit Card Act, the Secure and Fair Enforcement for Fall 2010 | www.esfcu.orgMortgage Licensing Act (SAFE LocationsAct), the Fair and Accurate Credit Transactions Act (FACT Act), the Corporate Office Mailing Address Hours for Branches and P. O. Box 179, Greenbelt, MD 20768-0179 Member Service CentersDodd-Frank Wall Street Reform and 800.356.6660 | Fax: 301.985.4661 | www.esfcu.org Lobby HoursConsumer Protection Act along with Monday—Thursday 9:00 a.m.—5:00 p.m.changes in rules and regulations Branch Locations Friday 9:00 a.m.—6:00 p.m. Bowie Branch Saturday 9:00 a.m.—1:00 p.m.from the Federal Reserve are Duvall Village Shopping Center Drive-Thru—Bowie Branchintended to protect consumers from 4801 Glenn Dale Road, Bowie, MD Monday—Friday 8:00 a.m.—7:00 p.m. Saturday 9:00 a.m.—1:00 p.m.questionable business practices by Upper Marlboro Branch Washington Plazabanks or mortgage brokers. However, 8903 Presidential Parkway, Suite100, Upper Marlboro, MD ATM Locations 24-Hour ATM Access at the above Branches and these new regulations appear to Waldorf Branch Member Service Centersbe changing the financial services Smallwood Village Shopping Center 169A Smallwood Village Center, Waldorf, MD For added convenience, an ATM is also located at the marketplace by having the unintended Charles County Board of Education Greenbelt Branchconsequences of significantly Maryland Trade Center I 5980 Radio Station Road, La Plata, MD Hours: Monday—Friday, 8:00 a.m.—4:00 p.m.increasing costs for all financial 7500 Greenway Center Drive, Suite 140, Greenbelt, MDinstitutions including credit unions. California Member Service Center* San Souci Plaza 2010-2011 Holiday Schedule 22599-122 MacArthur Blvd., California, MDAlthough Educational Systems FCU Prince Frederick Member Service Center* Columbus Day Monday, October 11did not experience the problems that Manning Building Veteran’s Day Thursday, November 11 90 King George Way, Prince Frederick, MD Thanksgiving Thursday, November 25many of the banks did (which caused Christmas Saturday, December 25 *No Teller Servicesthe financial crisis), we are still subject New Year’s Day Saturday, January 1, 2011to the new regulatory requirements All Card Services Martin Luther King Day Monday, January 17, 2011and costs which are prompting some The phone number is 800.356.6660.You will President’s Day Monday, February 21, 2011 be prompted to press 4 to report a lost or stolenchanges in how we structure our Visa Credit or Debit Card.Courtesy Pay program, ATM fees, and our credit cards. As we consider Fee Change Notificationchanges in any product or service, Effective December 1, 2010you can be assured that your Credit Returned Check/Overdraft $35/itemUnion remains committed to offering Returned ACH Debit/Overdraft $35/item Your savings are insured up to $500,000. Your savingscompetitive products with great rates Returned Deposited Items $35/item are federally insured up to at least $250,000 by theand reasonable fees. As a not-for- Courtesy Pay* $35/item National Credit Union Administration (NCUA), and backed by the full faith and credit of the United Statesprofit cooperative, we will remain true Money Market (Check Withdrawals>3) $35/item Government. An additional $250,000 of coverageto our mission which is to grow by Overdraft (ATM & Check Cards) $35/item is provided by Excess Share Insurance (ESI), a private Legal Review $75/document corporation. Traditional and Roth IRAs are insuredhelping the members of the education up to $250,000 by NCUA and up to an additionalcommunity achieve their financial * Limited to a maximum of 4 per day, per checking account. No charge $250,000 through ESI, all at no cost to you. for additional transactions on the same day, up to the approvedgoals and dreams. Courtesy Pay limit. Your savings federally insured to at least $100,000 and backed by the full faith and credit of the United States Government NCUA National Credit Union Association, a U.S. Government Agency Your savings federally insured to at least $100,000 and backed by the full faith and credit of the United States Government NCUA National Credit Union Association, a U.S. Government Agency