Happy Anniversary to The Partnership

OCTOBER 2015
PfCU MEMBER NEWS
WWW.MYPFCU.ORG
[email protected]
MORTON GROVE OFFICE
5940 Lincoln Ave
Morton Grove, IL
60053
847.675.6610
fax 847.675.6847
BARRINGTON OFFICE
616 West Main St
Barrington, IL
60010
847.381.3233
fax 847.381.5062
KENILWORTH OFFICE
642 Green Bay Rd
Kenilworth, IL
60043
847.256.8411
fax 847.256.8419
DES PLAINES OFFICE
1001 East Touhy Ave
Des Plaines, IL
60018
847.699.1600
fax 847.699.1606
IN THIS ISSUE
Happy Anniversary to The Partnership
In the early part of 2014, Partnership
Financial Credit Union (PfCU)
was formed for the sole purpose
of consolidating four financiallysound credit unions into one
financial institution. As you will learn,
the consolidation brought many
opportunities to the credit union
and the members we serve.
Each credit union was a well-established
financial institution for many years. Niles
Township Schools Credit Union was chartered
in 1958, Barrington Area Educators (BAE)
Credit Union in 1956, New Trier Federal
Credit Union in 1958 and VAMCO Credit Union
in 1940. It is because of each credit union’s
longevity and the personal relationships
they built with their members that PfCU
came to fruition.
October 1st, 2015, marked the one-year
anniversary of the complete partnership.
Our members, as well as our employees,
have experienced many changes over the past
year. As with any change, there are both pros
and cons dependent upon the individuals’
expectations and needs while on their path
to achieve financial success. The majority of
our members enjoyed a seamless transition
and for those members who may have
experienced any problems, please accept our
sincere apologies. One of our primary goals
was to provide exceptional service and a
smooth transition for everyone.
The main benefit of the consolidation was to
enhance our offerings of financial services.
Now, members of all four credit unions have
access to products and services that were not
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Letter from the CEO
Scholarship Winners
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Holiday Loans
Community Corner
-Food Pantry
-Toys 4 Tots
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Rates or Rewards–
What’s Right For You
Visa Balance Transfer
Promotion
Holiday Accounts
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Membership Benefits
Products and
Services
Savings Rates
Upcoming Holidays
JESSICA L. KROPVELD
KELLSIE M. MURPHY
MARLI B. VOLPE
ASHLEY WHITEFIELD
Niles North High School
University of Cincinnati
Cincinnati, Ohio
Resurrection College Prep
High School
Marquette University
Milwaukee, Wisconsin
Mundelein High School
Kenyon College
Gambier, Ohio
Buffalo Grove High School
Miami University
Oxford, Ohio
Congratulations To Our Scholarship Winners!
PfCU is devoted to supporting educational
opportunities for our members and their
children. This year, Partnership Financial Credit
Union is excited to award scholarships to these
four outstanding high school graduating seniors.
Please join us in congratulating our recipients.
We wish all of our students the best of luck
and success as they further their education.
PfCU MEMBER NEWS
The Partnership Anniversary
continued from p1
available prior to the partnership, including; 1st Mortgages,
Visa Credit Cards, Remote Deposit Capture, 24-Hour
Phone Access, IRAs, Club Accounts, License Plate Sticker
Renewals, Discounted Movie and Great America Tickets,
Postage Stamps and Money Orders. Another product
available as a result of the partnership is affordable
insurance. PfCU has continued the relationship and the
offering of TruStage Insurance products to all members.
Our goal is to be your full-service financial institution
making member service our top priority and providing
a trusted financial partnership to all members.
I’m proud to report that we, PfCU, retained all employees
from the four credit unions, with the exception of two
who chose to retire and one who left to explore new
opportunities. No one lost their job as a result of the
consolidation and many will have the opportunity to
advance their careers by taking different positions and
learning new facets of the business as the credit union
continues to grow.
In closing, I thank you for this opportunity to continue our
valued relationship with you and extend a personal invitation
to celebrate our one year anniversary with us on October 22nd
and 23rd. Please visit any of our four offices to enjoy a piece
of cake and receive a special gift as a token of our appreciation
for you and your trust in PfCU. I hope Partnership Financial
Credit Union continues to meet and exceed your expectations
now and in the future.
Sincerely~
Holiday Loans
Toys for Tots
For more than six decades, the Toys for Tots annual
effort has collected and distributed presents to
children in need each Holiday season.
As one of this
year’s sponsors,
PfCU will
be accepting
donations of
new, unwrapped toys. The donations are regularly
transported by Marine Reservists and volunteers to
a central warehouse, where the toys are sorted by
age and gender-appropriateness. With the help of
local social agencies and churches, the presents are
distributed to local children in time for the Holidays.
Donations of new, unwrapped toys can be dropped
off at any office from November through midDecember. We’d like to thank everyone for their
participation last year, and we hope to be able to
donate even more this year!
WWW.MYPFCU.ORG
Les, Mary Ann, Bonnie and Ed
[email protected]
Don’t be stressed during the holidays!
$500 - $2,000 / 12-month term / rate 7.99% apr*
$2,001 - $4,000 / 24-month term / rate 9.99% apr*
All loans are subject to PfCU lending guidelines. Current PfCU
loans are not eligible to refinance with a new holiday loan.*APR
(Annual Percentage Rate) is the annual interest rate on your
account. Offered from 11-1-2015 through 12-31-2015.
Community Corner
Food Pantry
Help us fight hunger in our local communities.
PfCU will be collecting for multiple food pantries
during the month of October. Please bring your
donations to any office and place them in the collection
bin in the lobby. For donation suggestions, please visit
“Our Community” at www.mypfcu.org. We thank you in
advance for all donations that greatly help those in need.
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PfCU MEMBER NEWS
RATES 0R
Be A Preferred Partner–
Carry A PfCU Platinum
VISA Credit Card
T
AKE ADVANTAGE
REWARDS
WHAT’S RIGHT FOR YOU?
Several credit cards offer rewards programs.
In many cases, the rewards program comes at
a price, which is usually in the form of higher
interest rates. The same member who can qualify
for a fixed interest rate of 5.90% may be charged
a rate as high as 29.90% for a rewards program.
Before you choose, be aware of the benefits
that the rewards program offers to help decide
which program will work best for you.
Choose a program with PfCU, which offers
a combination of the following:
Low Interest Rate
Fixed Interest Rate
No Transfer Fees
No Annual Fee
Reward Points
Reward programs work in your best interest
when you pay your balance in full on a monthly
basis. If you are likely to carry a monthly balance
it may be better to have a credit card with a
lower interest rate instead of one that charges
a higher rate and offers points. Avoid cards that
charge fees to transfer balances and/or charge
an annual fee to keep the card open.
OF 0% APR* ON
BALANCE TRANSFERS
Platinum
PfCU MEMBER
PfCU MEMBER
Tired of paying other credit card
companies those high rates?
Call PfCU today to find out how you can transfer
your high rate credit card balances to your
PfCU VISA Credit Card.
If you don’t have a PfCU VISA Credit Card,
call now or apply online at www.mypfcu.org.
0% APR* on Balance Transfers for 6 Months!
Advantages of the PfCU VISA Credit Card:
Low Fixed Rates
Two Programs
- One With Rewards
- One Without Rewards
No Annual Fee
No Balance Transfer Fees
Holiday Accounts
The weather outside might be frightful,
but don’t worry, our Holiday Savings
Account is so delightful. Visit or call us
Offer available on balances that are transferred
beginning November 1st, 2015 through
January 31st, 2016. Reward points will not be
awarded on balances transferred. All unpaid balance
transfers will revert back to your standard rate of
5.90% – 18.00% APR* six months after the transfer.
and we’ll get you started! Payroll deduction
and direct deposit make it easy to save.
Disbursements will be made on November 1st, 2016,
some restrictions apply. This account generally earns
a higher dividend rate than our regular share account.
The maximum balance in this account is $6,000,
and there is a $25 fee to withdraw funds prior to the
November 1st distribution date.
WWW.MYPFCU.ORG
Preferred
Platinum
[email protected]
*APR (Annual Percentage Rate) is the annual interest
rate on your account.
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PfCU MEMBER NEWS
Membership Benefits
V
irtual Branch – Online Account Access
24/7 Teller – 888-275-7171
E-Statements
Free Online Bill Pay
Free Coin Counting
Direct Deposit / Payroll Deduction
Medallion Stamp / Signature Guarantee
Notary Service
Wire Transfers
U.S. Savings Bonds – Redemption
VISA Gift Cards
CU Money VISA Travel Cards
Discounted Movie Tickets
U.S. Postage Stamps
Six Flags – Great America
Discounted Tickets
Cashiers Checks
Fax Service
Money Orders
License Plate Renewal Stickers
Route 66 Warranty Program
Enterprise Car Sales – 888.227.7253
Sallie Mae Student Loans
CURRENT SAVINGS RATES
3rd Quarter
Dividend Rate
Yield
Share Savings Accounts
.15% APR
.15% APY*
Holiday Accounts
.50% APR
.50% APY*
Kids Accounts
.50% APR
.50% APY*
Vacation Accounts
.15% APR
.15% APY*
IRA Accounts
.15% APY*
.15% APY*
Certificates
Please call for current rates**
*The Annual Percentage Yield is the rate that is earned if the funds
are left to compound for ONE YEAR.
**Please call or visit us online for current certificate of deposit rates.
Share Savings and Kids Accounts Dividends are paid quarterly;
Holiday Account and Certificate dividends are paid monthly.
Upcoming Holidays
~observed
NOV 11 – Veteran’s Day
NOV 26 & 27 –
Thanksgiving Day Holiday
Please note, Barrington Office
will be closed Friday, Nov 27
DEC
24 – Christmas Eve Holiday
All Offices close @ 1:00pm
DEC 25 – Christmas Day Holiday
Products and Services
1st Mortgage Loans
Vacation Accounts
Home Equity Loans
IRAs
Vehicle Loans
Certificates of Deposit
VISA Credit Cards
Surcharge-free ATMs
Personal Loans
Mobile App
Savings Accounts
Remote Deposit Capture
Checking Accounts
Bill Pay
Kids Accounts
24/7 Automated Teller
DEC 31 – New Year’s Eve Holiday
All Offices close @ 1:00pm
[email protected]
When our offices are closed, please access your
accounts using these alternate methods:
Virtual Branch at www.mypfcu.org
The PfCU Mobile App
24/7 Teller – 888-275-7171
The Quarterly is published each quarter for the members
of Partnership Financial Credit Union. This publication of the
Credit Union serves as official notification to the Credit
Union’s membership of all matters contained within.
Holiday Club Accounts
WWW.MYPFCU.ORG
OCT 12 – Columbus Day
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