arterly Newsletter

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arterly Newsletter
Newsletter
Quarterly
2014
October 2014
Home Equity Line of Credit
We have created a survey that we would like our members
to complete. We are looking for information on how we
can better serve you, please take a moment and take the
survey online at www.avistacu.com if you add your name
we will enter you in for a $50.00 gift card to Outback
Steak House.
The Credit Union is introducing a brand new product this
fall! As of October 1st, 2014 you will be able to apply for a
new Home Equity Line of Credit or “HELOC”. HELOC’s
are revolving accounts against the equity in your home.
This loan has zero cost, starts at an interest rate of 2.99%,
and has a 10 year draw period. If you have any questions
please contact the Credit Union at 509-495-2000.
We have a variety of projects in the works right now;
here is a highlight of the different products you the
member can expect to see in the next 12 months.
1. Bill Pay – You will see a robust and useful Bill pay
come to life by the end of the 1st quarter 2015
2. Mobile Application – You spoke, we listened! We
have had an overwhelming amount of requests for us to have a mobile application
with remote deposit capture. We are expecting to have this in place before the end
of the 1st quarter of 2015 as well
3. New Website – This new Website will allow you to apply for loans much easier
and will be much more informative than the current website giving you a much better user experience. You should expect to see this around December 1st 2014!
Dividend
Declared
Avista Credit Union 2014 Third Quarter Dividend rate .85% with an Annual
percentage yield (APR) of .854% payable October 1st, 2014. Contact a Credit
Union employee for further information about the fees and terms applicable to
the advertised accounts.
Feeling Stretched by all of your
Credit card debt!? If so don’t
hesitate to contact your Credit Union and see what kind of
solution we can come up with
to help you eliminate your debt!
Whether it’s a Home equity line
of Credit, or a cash out refinance
of your vehicle we will look for a
way to lower your interest paid
and lower your payments to a
manageable position so that you
can see the light at the end of the
tunnel!
Interest
Rates
If you have an auto, boat, home, R.V. or any other loan outside of
Avista Corp Credit Union you really should contact us to see how
much money we can save you. Chances are our interest rates and
terms will be more favorable than what you currently have. Below
is a sample of what our loan rates are, if you have any questions
please call 509-495-2000.
New Cars and Trucks ( 2012 or newer)
As low as 2.49% APR (Annual Percentage Rate)
New Motorcycles (Street and titled 2012 model or newer)
As low as 2.99% APR
New RV’s and Boats (2012 model or newer)
As low as 2.99% APR
Interest rates are based on
Signature/Unsecured Loans
8.29% APR
the values of the collateral.
All loan rates advertised
are based on 80% or less of
value of collateral.
Fall
Clean up
It’s that time again! Time for fall clean up, as with cleaning up
around the house we have to keep all of our records clean and
up to date as well. Please contact the Credit Union and update
your account information as you never know when we might
need to contact you.
Holiday
Loans
2014 Holiday loans are right around the
corner... Applications will be available on
11/17/2014, just in time for Black Friday!
Letters From Mike...
Hi everyone- Soon we shall have a new HELOC,
new Website and in the next 12 months, members who have debit accounts and debit cards will
receive the new EMV Chip Debit cards. The nationwide shift to EMV has begun. EMV -- which
stands for Europay, MasterCard and Visa -- is a
global standard for cards equipped with computer chips and the technology used to authenticate
chip-card transactions. In the wake of numerous
large-scale data breaches like Target and Home
Depot and increasing rates of counterfeit card
fraud, Avista Credit Union is migrating to this new
technology to protect our members and reduce the
costs of fraud. The security and protection of our
member’s money and personal data is my number
one priority for our Credit Union. According to Julie Conroy, a researcher from Aite Group, the new
and improved EMV cards are being deployed to
improve payment security, making it more difficult
for fraudsters to successfully counterfeit cards and
it’s an important step forward. We will have more
information for you on our new Website in December. If you would like further information on this
you can go to Foxbusiness.com/personal-finance.
Debit
Card
We have been diligently working to make this program better and easier for you to use. In the next 12
months you will see our Debit card program transform. We have joined the Co-Op network which
gives you free access to over 30,000 ATM’s nationwide. You can find these ATM locations online at
www.co-opatm.org or you can download the mobile app. We are working diligiently to make your
Debit Cards “live” meaning the minute you swipe
your card it will pull the funds out of your account,
this will give you better access to the funds in your
account. If you have any questions please call us at
509-495-2000.

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