ABCO named Best Credit Union by Burlington County Times and SJ

A Quarterly Publication
Fall
13
ABCO named Best Credit Union
by Burlington County Times
and SJ Biz Magazine
We are proud of being named Best Credit Union by the premier area newspaper and a
South Jersey business publication. Both awards were given as a direct result of members
voting for us in their respective polls. The Board and Staff would like to say “Thank You” for
taking the time to participate in the polls and for your vote of confidence. We pledge to
continue to offer you the best of both worlds—the best financial products at prices you can
afford and the service you deserve as a valued member.
ABCO Listed as One of Top 25 Area Credit Unions
The award by the Philadelphia Business Journal was based on growth of members and
services. ABCO was ranked 15th. Members who continue to use more of our services as well
as those who recommend ABCO to their family and friends helped us achieve the growth
needed to “make the list.”
Here Are Some Reasons We Think ABCO Is the Best
Best Checking Account—Choice of basic free checking or
Premiere Share Draft which now earns 2.02% APY.* See inside
or go online.
Free E-services—Online Banking, Telephone Banking, Bill
Payer and E-statements. No strings, no minimum balance, no
service charge.
Best Visa® Credit Card—Low fixed rate, free points for
purchases, double points for selected purchases, no fee for
balance transfers. We have it all!
Summer Pay Club—Our unique way to help our members in
the education field save during the year for summer expenses.
Best Loan Selection—From a Credit Builder Loan to help
you rebuild your credit to an Auto, Mortgage or Home Equity
Loan, we have a loan that will fit your needs at rates and terms
you can afford. Check online for all the types of loans available
or contact the Lending Department x7613 to discuss, in
confidence, your specific needs.
Personal Service—TV and newspapers are reporting again
that banks have charged or are considering charging a fee for
talking to a live person or going into a branch office. At ABCO
this is not an “extra”—it’s what we do. You are a member and
deserve personal service when you want it.
*APY=Annual Percentage Yield
Use All Our Services and Spread the Word—
All Your Family Members Can Join.
goabco.org • 800-225-1859
You’ll FALL for our ABCO Visa® Credit Card
DOUBLE POINTS OFFERS
Get Your Treats
Earn Double Points on
Restaurant Purchases
Now through October 31st
Buy Your Gifts
Earn Double Points on E-commerce
Purchases from Black Friday
(November 29th) through January 1st
Don’t Have an ABCO Visa® Credit Card?
Here are some good reasons to apply.
Fixed Rates
as low as
6.75% APR*
Redeem for merchandise, gift cards,
travel and more.
Transfer balances from highinterest rate cards and save.
Earn Points for all Purchases**
as a Free Cardholder Benefit
NO FEE
Balance Transfers
Learn more at: www.goabco.org/visa
*APR=Annual Percentage Rate. Loan based on credit worthiness. Contact us for complete details. **One point for every dollar of purchases. Double
points on selected purchases. Cash advances not eligible for points. Points will not be awarded when refunds on purchases have been made.
Fall into All the Benefits of an ABCO Visa® Credit Card
Find your savings
and enroll at
LoveMyCreditUnion.org/AutoClub.
Save money on 24/7
roadside assistance
and travel-related
benefits.
Federally insured
by NCUA
P.O. Box 247 • Rancocas, NJ 08073-0247
Big City Efficiency…Small Town Friendliness
IMAGE.WORKS
53719
PAID
PRSRT STD
U.S. POSTAGE
Have an ABCO Loan? Need Extra Holiday Cash?
Use Our SKIP-A-PAYMENT Option
Skip-A-Payment on Most ABCO Loans* (see exclusions below)
For One Month—Either December or January • For One Low $30.00 Processing Fee
*Loans excluded from offer are: Mortgages, Home Equity, Home Equity Line-of-Credit (HELOC), Credit Builder Loans, Privilege Pay
and Visa® Credit Card Payments
YES, I/we would like to Skip-A-Payment on my/our loan(s).
Date
If you have more than one loan, you can skip the same
month for all loans, December or January.
Member Name
Address
DECEMBER (must be received prior to Dec. 10, 2013)
City/State/Zip
JANUARY (must be received prior to Jan. 10, 2014)
Account/Member No.
ONE LOAN:
Please deduct the $30.00 per loan fee from my (check one):
Share Savings Account
Share Draft Checking Account
Other Account
OTHER LOANS:
IMPORTANT NOTICE: In order to enjoy the extra cash that Skip-A-Payment provides, all parties who signed the loan(s) must sign this coupon. Incomplete
signatures will void your request and you will be required to make your regular scheduled payment(s).
Your Signature
Joint Signature
By signing above you authorize ABCO Federal Credit Union to advance your next loan payment date to the month following the one selected thereby extending your repayment term. There is a $30.00 processing fee for each loan for
which you elect to skip a payment. You authorize the credit union to deduct the fee(s) from any account that you have with the credit union that has funds available. Interest will continue to accrue on your loan during the month you
skip your payment. If you have multiple loans, we will select the loan with the highest payment to skip unless otherwise directed.
Return this form by mail, in person at any Branch Office or FAX to the Lending Dept. at 609-877-9368.
Earn Interest on
Your Checking Account
Premiere Checking Account
Get all these benefits when easy monthly
requirements are met.
• Earn rewards of 2.02% APY* on balances up to $25,000
• ATM fees refunded up to $10
• ATM/Visa® Check Card with access to over 50,000 surcharge-free ATMs
• No minimum balance or monthly maintenance fee
• Free E-Services—Online Banking, Bill Payer, E-statements
$1,200
12 months
12% APR*
Jingle
Loan
Offer Expires
December 31st
*APR=Annual Percentage Rate. Not a guarantee of financing.
Loan based on credit worthiness. Contact us for complete details.
Let your everyday cash work for you. Switch today.
Learn more about our Premiere Checking account and how to
switch your account from somewhere else.
Learn more at www.goabco.org/premierechecking
or call Member Services.
Easy Requirements
1. Agree to accept account statements electronically.
2. Have at least one direct deposit or direct debit (ACH) post and clear during the
monthly qualification cycle.
3. Have at least 10 debit card purchases post and clear during the monthly
qualification cycle.
4. Perform one financial transaction (transfer money from one account to another, pay a
bill or request a check withdrawal) in online banking or bill payer monthly.
*APY=Annual Percentage Yield
MAILING ADDRESS
P.O. Box 247, Rancocas, NJ 08073-0247
goabco.org
Like Us
PHONE (ALL LOCATIONS)
800-225-1859
MEMBER CARE
Email: [email protected]
24/7 TELEPHONE BANKING
800-808-2226
OTHER SUPPORT NUMBERS
Visa® – Evenings, Weekends and Holidays
Visa® Credit Card........................800-453-4270
Visa® ATM/Check Card..............800-523-4175
*Offer valid on Thursday, October 17th, 2013 only. Members will receive $10 for each person they bring in to open an account. Normal
membership eligibility requirements apply. All immediate family members of current members are eligible to join.
Bill Payer........................................877-760-6004
OFFICE LOCATIONS
WILLINGBORO AREA
MAIN OFFICE
FULL SERVICE BANKING CENTER
690 Beverly-Rancocas Road
LENDING CENTER
East Ridge Shopping Center
621 Beverly-Rancocas Road
RANCOCAS VILLAGE
215 Main Street
BRANCH OFFICES
Making Strides for the Cure
ABCO will be sending a team to participate
in the American Cancer Society’s Making
Strides of South Jersey Walk in Pennsauken,
NJ on October 27th. We will also be making
a $1,000 donation to the cause which
supports breast cancer research.
During the month of October, “Coins For The Cure” donation containers will be located
at all our branches so that members can donate their spare change or other monetary
donations. Members can also support our ABCO Team efforts online at goabco.org/
makingstrides.
ATLANTIC CITY
2652 Atlantic Avenue
BROWNS MILLS
81 Pemberton-Browns Mills Road
COOPER HOSPITAL
(Hospital Employees Only)
1 Cooper Plaza, Camden
EGG HARBOR TWP.
6716 Black Horse Pike, Suite 8
GLASSBORO
Doubletree Center, 870 Delsea Drive
MOUNT HOLLY
76R High Street
RIDER UNIVERSITY
Ground Floor of the BLC
Next to University Bookstore
FOR CURRENT HOURS OF OPERATION
AND DIRECTIONS TO OFFICES
Go online @ goabco.org or call us.
ABCO FCU’s ROUTING
AND TRANSIT NUMBER
2312-7827-4
Board of Directors Nominations and
Election Procedures
Irma Lorenz, Barbara Greif and Richard Ghaul have
been selected by the Nominating Committee to fill
three vacancies on the 2014 ABCO FCU Board of Directors.
Additional nominations for the Board of Directors may be made by petition.
If you are interested in being nominated by petition for one of the seats on the 2014
Board, please send your request in writing to: Secretary of the Board of Directors,
ABCO Federal Credit Union, P.O. Box 503, Rancocas, NJ 08073. You will receive a
packet of information explaining the procedure. This packet must be completed
and received by close of business December 31, 2013.
The 2014 Annual Meeting is scheduled for March 18, 2014. The election of two
Directors will take place at that time. Nominations from the floor will not be
entertained unless circumstances prior to the election result in an insufficient
number of candidates for the vacancies.
ABCO FCU is not responsible for typographical errors, omissions or misprints in this publication.
ABCO Cares
ABCO Federal Credit Union Member Wins Big in
Savings Challenge!
Saving money always feels good, and for one ABCO FCU member
it was especially rewarding! Christian Ney, our Savings Challenge
grand prize winner, won $1,500 for realizing significant savings on his
monthly bills.
St. Ann’s Carnival
ABCO participated in St. Ann’s Carnival in Browns Mills in August. A
drawing was held for a $100 gift certificate and Elizabeth Kamikowski
was the lucky winner. A fun time was had by all!
Linda Narke, member;
Magnolia Luzano-Suarez,
MSR/Lending Officer; and
Maggie Ciarlante, Branch
Supervisor, greeted members
and the general public at the
ABCO booth.
Christian worked with ABCO Member Development Representative
Carla Holloway to refinance his auto loan, consolidate his credit cards
into one lower-interest personal loan and obtain a lower-cost car
insurance policy. When all was said and done, Christian saved over
$10,000 in interest charges and insurance fees.
Two runners-up in the Savings Challenge, Chara Carter-Ali and
Robert Carroll, each received $500.
“I love my credit union,” said Carter-Ali. “I tell everybody.”
Operation Backpack
This summer, ABCO Federal Credit Union and its members once again
pulled together to help South Jersey’s children start the school year
off right by contributing to the Center for Family Service’s Operation
Backpack. ABCO donated 100 backpacks while ABCO members
and employees contributed additional backpacks and hundreds of
notebooks, folders, pencils, binders and more.
Carla Holloway presents Christian Ney and his wife Joan
with a $1,500 check as the Grand Prize Winner.
Julia Bernd, ABCO’s Web &
Electronic Marketing Coordinator,
with backpack donations. Ms.
Bernd coordinates ABCO’s
community initiatives.
Clint Sarion, ABCO’s Financial
Representative, stuffs backpacks at
Operation Backpack headquarters.
Robert Carroll—$500 Winner
Chara Carter-Ali—$500 Winner
ABCO Donates to Twin Oaks Food Pantry
ABCO hosted a food drive at its Willingboro and Mount Holly
locations. Together, ABCO and its members in these areas donated
over 100 pounds of food to the Twin Oaks Food Pantry in Mount
Holly, which serves more than 300 families a month.
Twin Oaks relies heavily on private donations to be able to offer this
service to hungry people in New Jersey. To learn more about how
you can donate food, gently used clothing or personal care items to
Twin Oaks please visit http://twinoakscs.org/services/food-pantry.
Julia Bernd and Twin Oaks’ Rachael Niden
with food donations.
Steve Gremmels, ABCO’s Materials
Management Supervisor,
stocking shelves.
I NSURANCE S ERVICES
888-439-0770
www.goabco.org/insurance
Mission Statement
To provide members with a source
of insurance coverage that mirrors
the “member focused ideals” of the
credit union. CUFIG provides advice
and services in all areas of insurance.
These services apply to individual
members and businesses.
The recent Savings Challenge illustrates
the fact that by combining insurance
with our other services, you, our
members, can reap considerable
savings. Contact us and we can work
with you to find all the ways you can
save on the services you use every day.
Offered by:
Available Now!
Teachers’ Insurance Plan of NJ
Auto Insurance Discount
Special low discount rates are now available for
people who work for or are retired from an
accredited NJ school, district or diocese, or who are
a member of an NJ Parent Teachers Association.
You don’t have to wait until your current policy
expires to start saving on your rates.
Not in the education field?
You can still save. Ask us about other insurance
plans for auto, vehicles (truck, van, motorcycle,
SUV), home, even your pet!
Insurance products are offered through various insurance companies
in association with CU Financial Service Group, LLC, a whollyowned subsidiary of ABCO Federal Credit Union (ABCO FCU). ABCO
FCU provides insurance products and services through CUFIG to
members and non-members without opinion to the product or
service provided. Insurance products are not federally insured and
not obligations of ABCO FCU, CUNA, or any other affiliated entity.
Should You Buy Long-Term Care Insurance?
The longer you live, the greater the chances you’ll need some form of long-term
care. If you’re concerned about protecting your assets and maintaining your financial
independence in your later years, long-term care insurance (LTCI) may be for you.
Who Needs It?
Approximately 40 percent of Americans age 65 or older will need
long-term care at some point during their lives. (Source: The National
Clearinghouse for Long-Term Care Information, 2008.) And with life
expectancies increasing at a steady rate, this figure can be expected
to grow in the years to come.
have low income and few assets (eligibility guidelines vary from
state to state). You will have to use up most of your savings before
you qualify for Medicaid, and aside from a small personal needs
allowance (typically $30 to $60 a month), you will have to use all
of your retirement income, including Social Security and pension
payments, to pay for your care before Medicaid pays anything.
But Won’t the Government Look Out for Me?
Medicare pays nothing for nursing home care unless you’ve first
been in the hospital for three consecutive days. After that, it will pay
only if you enter a certified nursing home within 30 days of your
discharge from the hospital. For the first 20 days, Medicare pays 100
percent of your nursing home care costs. After that, you’ll pay about
$140.00 per day for your care through day 100 and Medicare will pick
up the balance. Beyond day 100 in a nursing home, you’re on your
own—Medicare doesn’t pay anything. (Source: medicare.gov)
Looking Out for Yourself
If you want to retain your
independence, protect your assets
and maintain your standard of
living while at the same time
guaranteeing your access to a
range of long-term care options,
you may want to purchase LTCI.
If you’re at home, Medicare provides minimal short-term coverage for
intermediate care, but only if you’re confined to your home and the
treatments are ordered by a doctor. Medicare provides nothing for
custodial care, such as help with feeding, bathing or preparing meals.
Several factors affect the cost of
your long-term care policy. The
most significant factors are your
age, your health, the amount of
benefit and the benefit period.
Medicaid covers long-term nursing home costs (including both
intermediate and custodial care costs) but only for individuals who
It can be confusing, but we can help. Contact us and we will walk
you through your options.
ASK ABOUT MEDICARE SUPPLEMENTAL INSURANCE.
goabco.org • 800-225-1859