NetEffect - HealthNet Federal Credit Union

www.HealthNetfcu.org
Main Office:
1591 Chickering Ln.
Cordova, TN 38016
NetEffect
Serving the Financial Needs of Healthcare Providers
3rd Quarter/2010
A LONG AWAITED DESTINATION
Fax: (901) 226-1122
Walnut Grove Branch:
6025 Walnut Grove
Suite 612
Memphis, TN 38120
Fax: (901) 762-0001
Southaven Branch:
84 Airways Place
Southaven, MS 38671
Fax: 662-349-9820
Park Ave. Branch:
6005 Park Ave.
Suite 104
Memphis, TN 38119
Phone for ALL locations:
(901) 226-1111 or (800) 747-2148
HOURS:
Mon-Thur 7:30 a.m.-4:00 p.m.
Friday
7:00 a.m.-4:00 p.m.
Saturday
9:00 a.m.- 12:00 p.m.
(Drive-thru @ Chickering
Branch ONLY)
Board of Directors
Charles Emerick
Chairman
Jessie Payne
Vice-Chairman
Margaret Hughlett Williams
Treasurer
Barbara Gingras
Secretary
Georgia Oliver
Supervisory Committee Liaison
1591 Chickering Ln. off Germantown Pkwy. Next to Jason’s Deli
in Cordova
It has finally happened! The new main office for HealthNet has arrived and is
open for business. The new office houses our administration office as well as another branch location for HealthNet. There is a drive up teller, ATM, and inside
service as well. The new facility is conveniently located to many HealthNet members. The two other HealthNet branches located at 6025 Walnut Grove on the
sixth floor of the medical building across from the Baptist–Memphis hospital and
84 Airways Place in Southaven continue to be open for our members and are operating under new hours (see hours listed to the left.)
The other exciting news we have to share is a fourth branch opening at 6005 Park
Ave., Suite 104 in the St. Francis Hospital. This newest addition is just one step
closer to broadening services to the Healthcare community and their families.
Please come visit any of the locations and let us help you with your loan and financial needs!
3rd Quarter/ 2010
NetEffect
RATES
New Overdraft Rules for Debit & ATM Cards
___________Loan Rates_____________
Description
APR
New Vehicle
4.75%
Used Vehicle
4 75%
Money Market Pledged
4.25%
Share/Cert. Pledged
4.00-5.50%
Personal
10.25%
Recreational Vehicle
10.00%
Home Equity (variable)
6.50%
___________Share Rates____________
Description
APY
Basic Share
.40%-.65%
Checking (min. bal. required)
Money Market
.35%
.65%-.90%
Christmas/Vacation Club
.40%
IRA Accumulation
.75%
Kids Klub
.40%-.65%
_________Share Certificates________
Description____________________APY
6 Months
1.20%
8 Months
1.20%
12 Months
1.45%
18 Months
1.45%
24 Months
1.80%
12 Months IRA
1.45%
Has there ever been a time when you started to use your debit card
and you worried and wondered if you had recorded the previous debit
transaction? Was this transaction going to put your account in an overdraft status? HealthNet can relieve you from your worries, the embarrassment and the extra hassles in your already busy life. HealthNet
does make an option available that will cover you when you become
overdrawn. You must opt-in to allow HealthNet to cover you with a
standard $28 fee per overdraft transaction.
If you have had overdraft protection in the past you have been charged our standard $28
fee per overdraft transaction. Under the new rules, HealthNet must first get your permission to apply these services to everyday debit card and ATM transactions before you can be
charged overdraft fees. To grant this permission, you will need to respond to the notice and
opt in agreement that was mailed to you in June, call or come by one of our branches.
If you do not opt in (agree), beginning August 15, 2010, HealthNet’s standard overdraft
services won’t apply to your everyday debit card and ATM transactions. These transactions
typically will be declined when you don’t have enough money in your account, but you will
not be charged overdraft fees. If you opt in, you can cancel at any time.
USEFUL TERMS
Everyday debit card transactions—purchases made with your debit card on a day-to-day
basis (excludes all checks and automatic bill payments)
Overdraft—an overdraft occurs when you write a check, make an ATM transaction, use
your debit card to make a purchase, or make an automatic bill payment or other electronic
payment for an amount greater than the balance in your checking account
Opt in—giving your credit union permission to include you in a particular service
HealthNet FCU Privacy Policy Notice
To assure the continued privacy and confidentiality of your personal financial information, HealthNet Federal Credit
Union observes these practices and procedures.
Information We Collect:
We collect nonpublic information about you from some or all of the following sources:
Information we receive from you on applications or other forms, such as our name, address, social security
number, assets, and income.
Information about your transactions with us, our affiliates, or others such as your account balance, payment
history, parties to transactions, and credit card usage.
Information we receive from a consumer reporting agency, such as your credit worthiness and credit history.
*Rates shown are current as of the date
of publication, partial and subject to
change without notice.
Information We Disclose:
APR = Annual Percentage Rate
If you decide to close your account(s) or become an inactive member, we will adhere to the privacy policies and
practices as herein described.
APY = Annual Percentage Yield
Our Security Measures:
For current rate information, please
contact our office or visit our website at
www.healthnetfcu.org
We may disclose all of the information we collect as previously described to companies that perform marketing
services on our behalf or to other financial institutions with whom we have joint marketing agreements. We may
also disclose information about you under other circumstances as permitted by law.
We restrict access to nonpublic information about you to those employees who need to know that information to provide products or services to you. We maintain physical, electronic, and procedural safeguards
that comply with Federal regulations to guard your nonpublic personal information.
Credit Union members and the public may receive copies of this notice of privacy practices by
contacting the Credit Union at (901) 226-1111 or (800) 747-2148.
3rd Quarter/ 2010
NetEffect
How to protect your home while you’re on
vacation...
Burglars Don’t Take Vacations
While you’re away on vacation, the last thing you want to worry about
is burglars invading your home and stealing your personal belongings.
So before you leave, take these precautions. They’ll help protect your
property and give you peace of mind.
Lock all windows and use dead-bolts on exterior doors. Install
security bars on sliding doors to prevent them from being lifted off their tracks.
Leave a few shades or curtains open to maintain a ―lived-in‖ appearance.
Set light timers in a few rooms so that it appears people are at home when it’s dark.
Stop newspaper delivery so that papers don’t pile up at your door.
Store cash, jewelry and other valuables in a bank safe-deposit box.
Don’t leave an outgoing message on your answering machine announcing you are on vacation. Lower the
volume on the machine and your telephone ringer.
Install outside lights, preferably with motion detectors.
If you can afford one, install and activate a security system. Or at the very least, put security system warning decals on doors and windows to deter intruders.
Finally, ask your neighbors to keep an eye on your property and to notify you if they suspect a problem. Even better, ask a friend or relative either to house sit or to stop by daily to collect your mail, put out your garbage, and
check that everything’s okay. Don’t forget to exchange the favor yourself.
For more information, please call Mike Yancey
at (901) 6248227 or visit:
www.libertymutual.com/mikeyancey
© 2009 Liberty Mutual Group. All rights reserved.
WELCOME!
Welcome to HealthNet’s two
newest employees, Fay Gray &
Theresa Gallagher, former employees of Tenet Credit Union at
St. Francis Hospital.
We are proud to have them
as part of the HealthNet
team!
3rd Quarter/2010
NetEffect
Regroup and Refinance
HealthNet Federal Credit Union values your membership and we want you to enjoy the many benefits that we offer. During uncertain economic times it is wise to reconsider all your financial options and make adjustments where possible to make every dollar
count.
America’s credit unions increased coverage on deposit accounts to $250,000.00 during 2008. Retirement accounts, such as Individual Retirement Accounts, receive an additional $250,000.00 in insurance coverage.
Now as to the Credit Crisis; HealthNet has funds to loan for homes, autos and personal needs. We have not changed our quality
standards and still offer the most competitive interest rates among all financial institutions. You can be pre-qualified for a home loan
or pre-approved for an auto loan. With these approvals you can negotiate a great price on a new home or automobile. This puts you
in control of your finances.
Now may be the time to let our Loan Officers review your loans that you may have at other financial institutions to perhaps lower
monthly payments and improve your monthly cash flow. There are no costs or fees involved to refinance an auto loan.
Of course, should you be in the market for a new loan, our rates are very competitive and yes, we do have money to lend. Offers
from car dealers of zero percent financing tend to be short term and difficult to obtain. It’s not for everybody. Negotiating a great
deal by taking advantage of discounts, incentives and rebates will lower the amount you will need to borrow. These options are not
generally available with 0% financing options.
Now is the time to consider your options, take the appropriate action and prepare your personal finances to handle more than the current economic conditions. Establish a financial plan that can prepare you and your family for a quality financial future.
While some financial institutions have struggled through uncertain economic conditions, HealthNet remains strong, safe and sound.
By maintaining a quality loan and investment portfolio and controlling operating costs, the credit union’s financial performance is
strong.
SERVICES OF CONVENIENCE
HOME BRANCH-Sign up online; manage your accounts, pay bills, apply for loans and monitor account activity 24/7.
TOUCH TONE TELLER-Access by dialing (901)747-2628 or 1-800-Teller-5 (835-5375) and make balance and transaction history
inquiries, account transfers, or withdraw funds.
Don’t have time to get to the branch? Now you can access transactions by phone and get the same friendly service you get at the branch.
Just contact the CU Service Centers Call Center anytime, where a live agent is ready to help you.
Enjoy the benefits of personalized assistance no matter where you are, night or day. By calling 1-888-837-6500 you can receive assistance
with inquiries, account transfers and transaction history. And it’s free. The type of service you’ve come to expect from your credit union.