Newsletter 01-15.indd

PO Box 370
Hondo, TX 78861
www.mecofcu.coop
MECO
FEDERAL
CREDIT t UNION
Phone: 830-741-7269
Fax: 866-305-5591
Acct Access: 888-826-3718
Proudly serving members since 1960
1st QUARTER
2015
DON’T FORGET!
2015 Annual Meeting
Check out this website to earn
money and receive great discounts!
MECO Federal Credit Union
is on Facebook!
Saturday, February 7th
Hermann Sons Lodge
Hondo, Texas
Registration will begin at 5:00 p.m.
We will serve dinner, dessert, and have great prize drawings!
Be watching for your invitation in the mail.
..............................................................
CONSOLIDATE YOUR
Did you know??
By selecting CREDIT when
you use your MECO visa
card, you are saving your
credit union money.
Are you signed up for
FREE Online Bill Pay?
Login to your MECO account
and get started today!
federally insured by NCUA
DEBT
We all wish money would grow on trees
but it’s not that easy. No worries we can help
you save money and start the new year off right
with a Debt Consolidation Loan!
A debt consolidation loan can save you money by lowering
your interest rates to one affordable monthly payment.
Interest rates as low as 8.49%
Interest rate based on credit worthiness and reflects auto pay or payroll deduction
..............................................................
With tax time just around the
corner, required IRS documents will
be mailed to applicable members by
January 31, 2015.
Members receiving dividends/
interest on deposits in the amount
of $10.00 or more in 2014 will
receive a Form 1099.
Please call if you have any questions
regarding these tax statements.
People Helping People through the Power of Membership
Savings Rate
Share Certificates
Minimum Term
Deposit
APR*
APY**
Dividend Period
10/01/14-12/31/14
$
0.35%
0.35%
Prospective Rate for
01/01/15-03/31/15 .10%
1,000
1 year
Contact the credit union for current rates. Rates
are subject to change weekly. Early withdrawal
will be subject to a 90 day dividend penalty.
*APR= Annual Percentage Rate
**APY= Annual Percentage Yield
A.P.R.*
.10%
Financial Statement
A.P.Y.**
.10%
AS OF 12/31/14
.10%
An average daily balance of $25 must be
maintained in order to earn the stated APY.
Dividends are subject to change quarterly at
the discretion of the Board of Directors.
Contact the credit union for more information
on savings account fees and terms.
Total Loans
Total Shares/Savings
Total Assets
Total Members
$3,465,884
$4,291,309
$5,173,733
941
We now have Online Loan Applications!
Our goal is to provide quality
member service with convenience.
Login to your online account to
submit your loan application to us.
Quick...Easy...Secure
B ecom e a M emb e r. S h ar e th e b en e f its.
H elp us Gr ow! M e mbe r ship h a s its p r iv ile g e s !
Services
Loans
* FREE Checking
* FREE Online Bill Pay
* 24 hr. Mobile Banking
* Check Imaging
* Certificate of Deposit
* Special Accounts
* E-Statements
* Online Auto Calculator
* Auto Loans
* Auto Equity Loans
* Boat Loans
* RV Loans
* Motorcycle Loans
* Farm Equipment Loans
* Personal Loans
* Share Secured Loans
* Short Term Small Loan
PLUS!
* Certified Checks
* Debit/ATM Cards
* Payroll Deduction
* Direct Deposit
* Automatic Payments
* Transfer Convenience
* Notary Services
Ferd L. Rothe Memorial Scholarship
We are pleased to announce that TWO $250 education scholarships will be awarded this year to eligible members. One graduating high school senior and one adult members continuing their education.
Applications may be downloaded from the forms section of our website or picked up at the credit union.
All applications must be turned in no later than April 17, 2015.
We encourage all members who are eligible to take advantage of this opportunity and apply!