Spring 2016 - U$X Federal Credit Union

Conveniently Located To Serve You Better
1-888-219-3159
www.usxfcu.org
Audio Response 1-800-590-0207
Cranberry Main
Administration and Legal Correspondence
1293 Freedom Rd PO Box 1728
Cranberry Twp PA 16066-0728
Fax: (724) 779-4656
Cranberry East
1694 Route 228 Ste 106
Cranberry Twp PA 16066
Findlay
1038 Interstate Ct
Findlay OH 45840
Greensburg
55 S Washington Ave
Greensburg PA 15601
Jefferson
MOB Ste 109B 575 Coal Valley Rd
Jefferson Hills PA 15025
Marathon
539 S Main St
RM 1024
Findlay OH 45840
Monaca
400 Frankfort Rd
PO Box 222
Monaca PA 15061
New Stanton
100 Bair Blvd
PO Box 657
New Stanton PA 15672
Petrolia
206 Main Hill Rd
Petrolia PA 16050
Pittsburgh
Concourse Level
600 Grant St
Pittsburgh PA 15219
Sarver
479 N Pike Rd
Sarver PA 16055
Spring 2016
U$X Federal Credit Union®
President's Message
As I pondered what to write, 2 topics came to mind; Politics and Purpose.
I had recently been studying Abraham Lincoln and found these quotes from him to be timely
though they were written two centuries ago. Each of them contribute;
Always bear in mind that your own resolution to succeed is more important than any other.
Whatever you are, be a good one.
I walk slowly, but I never walk backward.
Things may come to those who wait, but only the things left by those who hustle.
Give me six hours to chop down a tree and I will spend the first four sharpening the axe.
I destroy my enemies when I make them my friends.
A house divided against itself cannot stand.
On the subject of politics; I have great confidence in your ability to do what is right for you
and your family. When you vote this year vote for individuals who will let you think for yourself
and who will keep their hands out of your pockets.
On the subject of purpose; I recently spoke with two of our members. Each of them
reminded me of some bedrock principles we follow at U$X FCU.
Member number one had always financed cars with dealers and banks. About 10 years ago I
showed him how he was leaving money on the table by taking a zero percent financing from the
dealer. A year later after a heart attack no one would finance his next car and provide him with
disability and life protection, except U$X FCU. Since that time this member has done all his
business with us because we were there for him.
Member number two had passed through some tough times and made some mistakes
over the course of their life. They were committed to do things the right way. Challenges
continued to follow them over the years. Nevertheless, they continued with the plan, they have
transformed their finances and are finally achieving their dreams. Did they pay a lot of fees and
higher interest than some to make this journey? Absolutely. U$X FCU gave them a chance
when no one else would.
Here are the principles:
We are here for our members.
We do the right thing for each member.
We build the best financial plan for a member and show them the path to get there.
When members demonstrate a willingness to work with U$X FCU, we go the extra mile for them.
While focusing on these principles and legendary service we generally have some of the best rates in town as well.
We have added some great new products and improved the old ones. Our team members,
new and old, are some of the best. It is time to stop in for a visit and find out how we can
improve your financial future.
2016 should be a very good year. We are hoping you will check us out again and be part of
our progress into the future.
Dave Ackerman
President/CEO
Holiday Closings
All U$X Federal Credit Union Offices will be closed on the following dates in observance of the related holiday:
Memorial Day
Monday, May 30, 2016
Independence Day
Monday July 4, 2016
Please contact your local branch office for other changes to normal operating hours.
Volume 26
Issue 1
The Board of Directors and Staff would like to welcome the
following new companies, associations and their employees or
members to U$X FCU:
BASF
Cabinet World
Duraloy Company
i.e. Insurance
NOVA Chemical
United Brotherhood of Carpenters and Joiners of America,
AFL-CIO, Millwrights/Pile Drivers Local 2235
Your at Home Properties LLC
Remember if your co-workers are not yet members
of U$X FCU, you can get paid for introducing them to
the credit union. Ask our staff how.
WAKE UP ...Your Dormant Accounts!
U$X Federal Credit Union is required to
report Unclaimed Property (escheat) to
the Pennsylvania and Ohio Department
of Revenue for accounts that have been
“dormant” in accordance with state law.
An account is considered dormant if
there have been no member initiated
withdrawals, deposits or transfers made
during this period. The best way to be safe is to WAKE UP
your account by making a deposit and watching your U$X FCU
accounts grow. If you are unsure of the status of your account,
please contact your local office by calling 1-888-219-3159.
ANNUAL MEETING REMINDER
We invite you to attend U$X FCU’s upcoming Annual Meeting.
This yearly event is your chance to hear about the credit
union’s successes in the past year and the challenges facing it
in the future. Many important decisions are made regarding
your credit union at the Annual Meeting each year. And you
can have a say in those decisions by attending and voicing
your opinion. This opportunity only comes along once a
year…don’t miss out on it!
All members are WELCOME!!!
Date:
Wednesday, April 20, 2016 - 6:30 PM
Place: DoubleTree by Hilton Pittsburgh Cranberry
910 Sheraton Dr., Mars, PA 16046
Cash prizes, a giveaway and light hors d’oeuvres will be served!
We hope to see you there!
The American Dream of
Homeownership can be yours!
Visit - www.usxfcu.org
The American Dream begins at
USX Federal Credit Union.
U$X FCU
Available NOW! Our NEW and IMPROVED
Mobile Banking App!!!
Get the ultimate freedom and flexibility with our NEW
and IMPROVED Mobile Banking App, now available
for the iPhone®, Android™ and Mobile Web Browser…
AND it’s FREE. This more user friendly app lets you
access your credit union accounts, bill pay and credit card
accounts anytime, anywhere. It’s the secure, smart and
simple way to pay bills, view transactions and transfer
money.
PLUS our NEWEST FEATURE is now available!
• REMOTE check deposit*. Conveniently deposit checks securely from anywhere
by simply taking a picture of the front and back of the check and sending it to the
credit union.
You must be a current NETBRANCH online banking user and you can download our
iPhone® and Android™ apps from the App Store™ and Google Play™.
If you are not currently enrolled in NETBRANCH online banking, simply visit our
website and click on the NETBRANCH button on our home page to enroll.
*U$X FCU provides our new mobile apps free of charge to our members. However, message and data rates
may apply. Check with your wireless provider for information about carrier charges on your mobile phone
account and services plans. Please contact the credit union for full details of remote check deposit. Some
restrictions may apply.
WELCOME To Our New Members!
The Board of Directors, Staff and Members of U$X FCU would again like to
welcome the members of the Millwrights and Pile Drivers of Pittsburgh Federal
Credit Union and Alloy Scottdale Federal Credit Union to our family!
As some of our newest members, you have the tremendous opportunity to enjoy the
products and services available from a full service financial institution that continues
to believe in the “people helping people” credit union philosophy. Please let us show
you how we can help you raise your credit score, lower your monthly payments,
eliminate high rate credit cards and protect you from predatory lending. Please stop
into one of our 11 office locations or give us a call at 888-219-3159.
TECH NOTES Prepared by: The USX FCU IT Team
OUCH! MALWARE
You may have heard of terms such as virus, trojan ransomware,
or rootkit when people discuss cyber security. All of these words
describe the same types of programs used by criminals to infect
computers and devices. A common term used to describe all
these different programs is the word malware. What Is Malware? Simply put, malware is software -- a
computer program -- used to perform malicious actions. In fact, the term malware is a
combination of the words malicious and software. Cyber criminals install malware on
your computers or devices to gain control over them or gain access to what they contain.
Once installed, these attackers can use malware to spy on your online activities, steal
your passwords and files, or use your system to attack others. Malware can even deny
access to your own files, demanding that you pay the attacker a ransom to regain control
of them.
Many people have the misconception that malware is a problem only for Windows
computers. While Windows is widely used (and thus a big target), malware can infect
any device, including Mac computers, smartphones, and tablets. The more computers
and devices cyber criminals infect, the more money they can make. Therefore, everyone
is a target, including you.
Learn more about Malware and how to protect yourself and your identity here: http://securingthehuman.sans.org/newsletters/ouch/issues/OUCH-201603_en.pdf
"Where Membership is a Rewarding Experience"
USX FCU Encourages Youth to Get
Financially Fit
How Much Money Will You Need
In Retirement?
Financial literacy is a crucial life skill for young people, but it’s one that too
few are learning.
That’s why in April, U$X FCU is focusing
on helping youth become more financially
fit. For the entire month, U$X FCU will
be hosting events that will help our young
members strengthen their money skills and pump up their savings.
Youth fitness has become a national priority, with an emphasis on
exercise and proper nutrition. But with all the hurdles facing young
people in the future, including historic levels of student debt, we believe
financial fitness is just as important.
The theme of the month-long event is Credit Union Strong.
Like all credit unions, U$X FCU is a member-owned, not-forprofit financial cooperative. Member education and concern for the
community are part of the foundational principles of U$X FCU.
Passing along basic money skills to the next generation so that these
kids might have a brighter future embodies both those principles—and
that’s what U$X FCU believes it means to be credit union strong.
So stop by and get in on the action at our Youth Month events:
• Youth coloring contest (see credit union for details).
• Or join one of our Youth Clubs. To give our young members an early boost, we’ll give them their own SPECIAL dividend rate of 1.00% APY* on the first $500 of savings!
We offer three age appropriate versions of our Youth Accounts!
Dollar Dog Kids Club® designed for ages 0 -12 to help
teach early savings skills.
Cha-Ching!® Savings designed for Ages 13 – 17 to
help teach the basics of investing, budgeting etc.
The Edge® Savings designed for Ages 18- 24 to
provide a safe transition to adulthood.
Visit our website and use our Balance Track Personal Financial
Education Center to learn how to balance your checkbook, buy a
vehicle, re-pay student loans and so much more!
Bring your child into U$X Federal Credit Union, and get them Credit
Union Strong!
*APY = Annual Percentage Yield, rates subject to change without notice. 1.00% APY
applies to balances up to $500 only and balances over $500 will earn the (Base) Share
Savings dividend rate. The credit union Board of Directors will review and adjust the
dividend rate monthly. Special dividend rate applies to Dollar Dog, Cha-Ching, and the
Edge youth savings accounts.
Copyright 2016 Credit Union National Association Inc. Information subject to change
without notice. For use with members of a single credit union. All other rights reserved.
U$Xtra! Quiz 1. What is the special LOW interest rate for a U$X FCU
5 year Fixed Home Equity?
a. 3.00% APR
b.
2.00% APR
c.
2.49% APR
2.U$X FCU considers what model years as a “NEW” vehicle?
a.
2016-2011
b.
2016-2014
c.
2016 ONLY
Have you underestimated?
Presented by Nathan Rodgers
U$X Financial Group
Located at: U$X FCU
479 North Pike Rd. Sarver, PA 16055
724-779-4895
What is enough? If you’re considering retiring in the near future, you’ve
probably heard or read that you need about 70% of your end salary to live comfortably in retirement. This estimate is frequently repeated … but that doesn’t
mean it is true for everyone. It may not be true for you. Consider the following
factors:
Health. Most of us will face a major health problem at some point in our
lives. Think, for a moment, about the costs of prescription medicines, and recurring treatment for chronic ailments. These costs can really take a bite out of
retirement income, even with a great health care plan.
Heredity. If you come from a family where people frequently live into their
80s and 90s, you may live as long or longer. Imagine retiring at 55 and living to
95 or 100. You would need 40-45 years of steady retirement income.
Portfolio. Many people retire with investment portfolios they haven’t re-
viewed in years, with asset allocations that may no longer be appropriate. New
retirees sometimes carry too much risk in their portfolios, with the result being
that the retirement income from their investments fluctuates wildly with the
vagaries of the market. Other retirees are super-conservative investors: their
portfolios are so risk-averse that they can’t earn enough to keep up with even
moderate inflation, and over time, they find they have less and less purchasing
power.
Spending habits. Do you only spend 70% of your salary? Probably not. If
you’re like many Americans, you probably spend 90% or 95% of it. Will your
spending habits change drastically once you retire? Again, probably not.
Will you have enough? When it comes to retirement income, a casual
assumption may prove to be woefully inaccurate. You won’t learn how much
retirement income you’ll need by reading this article. Consider meeting with a
qualified financial professional who can help estimate your lifestyle needs and
short-term and long-term expenses.
Securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC
, a registered broker/dealer and investment advisor. CBSI is under contract with the financial institution to make
securities available to members. Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution
Guarantee. Not a deposit of any financial institution.
CUNA Brokerage Services, Inc., is a registered broker/dealer in all fifty states of the United States of America.
Important Message: The information contained in this email and any accompanying documents are confidential and
intended only for the individual or individuals to whom it is addressed. If you have received this facsimile/email in
error, please contact us immediately by calling the telephone number or emailing us at the address listed above. In
some cases, we may ask you to return the documents at our expense, otherwise, please destroy the information you
have received at once. Any use, distribution, or copying of the contents of this facsimile/email is strictly prohibited.
Thank you.
FR-1429703.1-0216-0318
Answer the following questions regarding U$X FCU® and win $25!
5. If you are a U$X FCU Mobile Banking App user, you now 3.
According to the article “How Much Money Will You
Need In Retirement?”
What are some things you should consider when planning for retirement?
a. Health
b.Portfolio
c. Spending Habits d. All of the above
4.
On what date will the U$X FCU Annual
Meeting take place?
a. April 22, 2016
b. April 1, 2016
c. April 20, 2016
Daytime telephone number_________________________________________________________
Name___________________________________________________________________________
can safely and securely deposit checks into your account by simply taking a picture of the front and back of the check?
a.True
b.False
Answer all the questions correctly and send your entry to: U$X FCU, U$Xtra
Quiz, 1293 Freedom Road, PO Box 1728, Cranberry Twp, PA 16066. All
correct U$Xtra quiz entries must be received by April 30, 2016 and will be
entered into a random drawing for a chance to win one of (6) six $25 prizes.
If your entry is selected, you will be notified and $25 will be deposited into
your Share Savings Account. Please do not include any personal banking
materials (deposits, IRA withdrawals, loan payment, etc.) with your quiz entry.
Employees or Volunteers of U$X FCU are not eligible.
"Where Membership is a Rewarding Experience"
U$X FCU
Know The Fastest Way To A
Lower Auto Loan Payment?
RECALCULATE YOUR RATE TODAY!
Yourself For Less
As Low As
1.60%
APR*
Finance it at U$X FCU, of course!
New and Pre-owned Vehicle Loans
Up to 48 months
Model Years 2016 - 2014
*APR=Annual Percentage Rate. Other rates and terms available. Loan approval based on
normal credit and underwriting criteria. To qualify, member must be able to demonstrate
steady employment and good payment history on current and/or similar vehicle loan.
Offer subject to income verification. Contact the credit union for complete offer details.
Save big on financing your home upgrades
with a Home Equity Loan from USX FCU
Use the money for
whatever you need:
Fixed Rate Home Equity Loan
• Home improvements
Rates As Low As
• Family Vacation
• Education Expenses
Pay No
Apply By
• Debt Consolidation
APR**
Closing
Costs!*
2.49%
Up To 5 Years
May 31,
2016
To apply for your Home Equity Loan
visit: www.usxfcu.org
*U$X FCU pays all closing costs ranging from $100 to $1,500 (excluding title insurance policy if
required). See credit union for all details.
**APR = Annual Percentage Rate. Minimum Real Estate secured loan amount is $10,000.00 and
does not apply to purchase money transactions. Rates are accurate as of Feb. 15, 2016 for first lien
position and 80% maximum loan to value. Rates are “as low as” for each loan category and available
subject to meeting certain credit underwriting criteria, acceptable appraisal and title search and
applies to owner-occupied property in PA and OH. Please ask about other equity loan options,
rates and terms available. This is a limited time offer. Programs, rates and conditions are subject to
change at any time. Consult your tax advisor for potential tax saving benefits.
U$X Federal Credit Union® 60-Second Loan Application
CALL ME! I want to take advantage of U$X FCU’s great loan rates! (Phone)_____________________
APPLICANT INFORMATION
 Personal Loan
 Auto Loan
 VISA® Credit Card
JOINT APPLICANT’S INFORMATION
Full Name
Member No.
Full Name
Member No.
Address/City/State/Zip
Date of Birth
Address/City/State/Zip
Date of Birth
Social Security Number
Home Phone
Social Security Number
Home Phone
Employer
Work Phone
Employer
Work Phone
Monthly Gross Income
*Other Income
$
$
Monthly Mortgage or Rent Payment
Years Employed
Amount $
(circle one)
Monthly Gross Income
*Other Income
$
$
Monthly Mortgage or Rent Payment
Years Employed
Amount $
(circle one)
Verification of Income and employment is required
ANY FAX OF MY SIGNATURE MAY BE HELD EQUALLY ENFORCEABLE AS MY GENUINE SIGNATURE.
If there are any important changes, you will notify us in writing immediately. You also agree to notify us of any
change in your name, address or employment within a reasonable time thereafter.
You also promise that everything you have stated in this application is correct to the best of your knowledge and
that the above information is a complete listing of all your debts and obligations. You authorize the credit union
to obtain credit reports in connection with this application for credit and for any update, renewal or extension
of the credit received. If you request, the credit union will tell you the name and address of any credit bureau
from which it received a credit report on you. You understand that it is a federal crime to wilfully and deliberately
provide incomplete or incorrect information on loan applications made to Federal Credit Unions or State Chartered
Credit Unions insured by NCUA.
XX
APPLICANT’S SIGNATURE
DATE
OTHER SIGNATURE
DATE
MAIL OR DROP OFF COMPLETED APPLICATION TO YOUR LOCAL BRANCH OFFICE OR FAX TO 724-779-4656.
“Once A Member, Always A Member”