Welcome to SchoolsFirst Federal Credit Union

Transcription

Loans
All auto, motorcycle and RV loans will transition over with the
same name, rate and terms as you had before. If you had a Home
Equity Line of Credit (HELOC), you will receive a separate letter
regarding your loan. Other loans will transition with the same
rates and terms, but will be named differently on your statement.
If you had an All Valley FCU
New or Used Auto Loan
New or Used Motorcycle Loan
Signature, Career Enhancement or Holiday Loan
Personal Loan
New/Used RV Loan (boat and watercraft)
Share Secured Loan
Share Loan
Overdraft Protection Loan
Line of Credit Loan
Line of Credit Loan
Fresh Start Loan
Workout Loan
Beginning May 20, you can make your payments at any branch, online, or mail your payment to:
SchoolsFirst FCU, PO Box11547, Santa Ana, CA 92711-1547.
Classroom Supplies Loan
A no-interest loan to help teachers purchase
classroom supplies.15
Uniform Loan
A no-interest loan to help classified school employees
purchase uniforms and other supplies for your job.16
School Employee Mortgage Program
Designed with unique benefits to help school
employees purchase or refinance a home.
“The Credit Union has been like a good
friend; it’s an institution I can trust.
I manage my money wisely, but I’ve
always said it’s the best place to save.”
Helen Sands
The Sands/Martyr Family
Four generations of Membership since 1982
Savings Accounts
How should I make my loan payments?
Computer Loan
A low-interest loan to help school employees
purchase a new computer or software.
This guide will help you understand how your All Valley FCU accounts will be transitioning over to
SchoolsFirst FCU. In the coming weeks, look for a guide on how to access your account. On your new
statements or online, you will see the new names of your products as listed in this guide. If you have any
questions, please contact one of our Member Service Representatives at 800.462.8328.
You now have a SchoolsFirst FCU
We offer a complete line of loan products and services
designed to fit your needs, including these loans just for
school employees:
We also offer a complete line of financial
products and services, including:
Retirement, investments
and insurance
Whatever your financial goals, we can
help you develop a plan to get you there.
Auto purchasing
Through our auto buying services,
we can help you find the right car at the
right price.
Home buying
With our Home Advantage program,
we can help you find and purchase the
home of your dreams—and help you save
with a real estate rebate program and
discounted services.
Regular Share
Primary Savings 1
All Purpose Savings
Secondary Share 1
Summer Savings
Summer Saver 1,2,3
Christmas Club
My Club 1,4
Adventure Club
JV/Varsity Club 1,5
IRA (Traditional & Roth)
Accumulation IRA 1
Money Market
Liquid Advantage Money Market 1,6
Educational IRA
12-Month Coverdell Education Savings Account (ESA) 7
Share Certificates
All Valley FCU share certificates will retain the current rate and term.
Regular Certificate
Regular Certificate †
IRA Certificate (Traditional & Roth)
IRA Certificate †
Educational IRA Certificate
More information about all of our products and services, including current rates, can be found at:
Call
800.462.8328
Federally Insured by NCUA
Click
schoolsfirstfcu.org/allvalley
Visit
a branch
Checking Accounts
Credit Cards
If you had an All Valley FCU Regular Share Draft Checking Account, you will now
have Free Checking. If you had a Diamond Money Market Checking Account, you will
now have Investment Checking.
If you had a Visa® Classic or Premium Visa, you will now have either a Visa Gold or Visa
Platinum, depending on your credit agreement. If you had a Visa Classic Secured, you will
now have a Share-Secured Visa.
Free Checking 8
Investment Checking 1,10
• No monthly fee
• Earns dividends
• No minimum balance
• ATM or Debit MasterCard®
• ATM or Debit MasterCard
®
• Fee-Free unlimited ATM withdrawals at 27,000
SchoolsFirst FCU and CO-OP Network ATMs
nationwide
nationwide
• Six free out-of-network ATM withdrawals per month
• 24/7 access to online banking, mobile and text
banking, and TellerPhone 9
banking and TellerPhone9
• eAlerts and eDeposit
• No monthly fee if qualifying criteria is met
If you would like more information about Free or investment checking,
please call us, visit a branch or log into our website to learn more.
How long can I use my All Valley FCU checks?
What will happen to my Courtesy Pay?
You may use your All Valley FCU checks until August 18,
2013. After this date, please use your new SchoolsFirst
FCU checks.
If you have Courtesy Pay, this service will no longer be
available to you, effective May 17, 2013, as SchoolsFirst
FCU does not offer this option. If you are an existing
participant in Courtesy Pay, you will be pre-approved for
a $300 Overdraft Protection Loan, which gives you the
flexibility of advancing from a line of credit to cover a
check or other debit from your checking account when
sufficient funds are not available. Please contact us if you
wish to accept this offer.
Will I get new SchoolsFirst FCU checks
for my Free Checking account?
Yes, you will be able to order a free box of basic checks
(up to $12.55 in value). You can also choose from a selection
of designer checks for an additional cost. To order your
free box of basic checks, log into the website or call the
Member Contact Center after May 20. You may still use
your All Valley FCU checks until August 18, 2013.
Will my account history transfer over?
No. For account history prior to the transition of your account
to SchoolsFirst FCU, please refer to your All Valley FCU
account statements. Going forward, you can access your
SchoolsFirst FCU account history through our website or
TellerPhone, our automated phone system (available 24/7).
What happens with my automatic transactions?
Your direct deposits will continue uninterrupted; you will
need to update any automatic withdrawals such as gym
membership fees or insurance payments that may be set
up using your Debit or Credit Card number with your new
Debit or Credit Card information.
When will I get a new ATM or Debit Card?
New ATM and Debit MasterCard® cards will automatically
be issued to Members who currently have them the week
of May 6. If you do not receive a new replacement card
by May 15, please contact us. Please note: your new card
cannot be activated or used until May 20.
A new automatically generated PIN number for your card
will be mailed separately, approximately two days after
your card. To change your PIN, visit any branch location
beginning May 20.
When will my replacement card arrive?
New credit cards will automatically be issued to
Members who currently have them the week of May
6. If you do not receive a new replacement card by
May 15, please contact us. Please note: your new
card cannot be activated or used until May 20.
If I don’t like my new terms and decide to close my
card, will I have to reapply for a new credit card?
Yes. If you choose to close your All Valley FCU Credit
Card, you would need to reapply if you wish to open a
SchoolsFirst FCU Credit Card in the future.
How are my Visa credit card payments applied?
Will my rates change?
Yes. The SchoolsFirst FCU credit card program
offers a variety of competitive credit cards with low
rates. You should have received a letter in March that
detailed your new rates and terms.
Are Members’ pre-conversion balances
grandfathered in at their current fixed rate?
Your payment is applied first to any fees and finance
charges due, then to your balance due. Any payment
made in excess of the minimum required payment
due is applied to balances with the highest rate first,
and then to other balances in descending rate order.
The payment application process is in compliance
with federal regulation.
Yes, pre-conversion balances will remain at their
current All Valley FCU fixed rate.
In addition to our Gold and Platinum Visas, we offer several different
types of credit cards that have been designed to fit your needs:
Rewards Visa
School Employee Visa 11
• No annual fee
• Highly competitive rate
• Interest-only summer payment options
• Skip-A-Payment
• No balance transfer or cash advance fees
12
13
• Opportunity to lower your rate with 12 months of
on time payments
• Up to 1% cash back on purchases, deposited to
your Summer Saver 14
• No annual, balance transfer, cash advance, or overlimit fees
Call
800.462.8328
Click
• Earn points on purchases for travel, gift cards, or
cash back
If you would like more information about these
other credit cards, please call us, visit a branch or log
into our website to learn more.
Visit
a branch
Checking Accounts
Credit Cards
If you had an All Valley FCU Regular Share Draft Checking Account, you will now
have Free Checking. If you had a Diamond Money Market Checking Account, you will
now have Investment Checking.
If you had a Visa® Classic or Premium Visa, you will now have either a Visa Gold or Visa
Platinum, depending on your credit agreement. If you had a Visa Classic Secured, you will
now have a Share-Secured Visa.
Free Checking 8
Investment Checking 1,10
• No monthly fee
• Earns dividends
• No minimum balance
• ATM or Debit MasterCard®
• ATM or Debit MasterCard
®
nationwide
nationwide
• Six free out-of-network ATM withdrawals per month
banking, and TellerPhone 9
banking and TellerPhone9
• No monthly fee if qualifying criteria is met
If you would like more information about Free or investment checking,
please call us, visit a branch or log into our website to learn more.
How long can I use my All Valley FCU checks?
What will happen to my Courtesy Pay?
You may use your All Valley FCU checks until August 18,
2013. After this date, please use your new SchoolsFirst
FCU checks.
If you have Courtesy Pay, this service will no longer be
available to you, effective May 17, 2013, as SchoolsFirst
FCU does not offer this option. If you are an existing
participant in Courtesy Pay, you will be pre-approved for
a $300 Overdraft Protection Loan, which gives you the
flexibility of advancing from a line of credit to cover a
check or other debit from your checking account when
sufficient funds are not available. Please contact us if you
wish to accept this offer.
Will I get new SchoolsFirst FCU checks
for my Free Checking account?
Yes, you will be able to order a free box of basic checks
(up to $12.55 in value). You can also choose from a selection
of designer checks for an additional cost. To order your
free box of basic checks, log into the website or call the
Member Contact Center after May 20. You may still use
your All Valley FCU checks until August 18, 2013.
Will my account history transfer over?
No. For account history prior to the transition of your account
to SchoolsFirst FCU, please refer to your All Valley FCU
account statements. Going forward, you can access your
SchoolsFirst FCU account history through our website or
TellerPhone, our automated phone system (available 24/7).
What happens with my automatic transactions?
Your direct deposits will continue uninterrupted; you will
need to update any automatic withdrawals such as gym
membership fees or insurance payments that may be set
up using your Debit or Credit Card number with your new
Debit or Credit Card information.
When will I get a new ATM or Debit Card?
New ATM and Debit MasterCard® cards will automatically
be issued to Members who currently have them the week
of May 6. If you do not receive a new replacement card
by May 15, please contact us. Please note: your new card
cannot be activated or used until May 20.
A new automatically generated PIN number for your card
will be mailed separately, approximately two days after
your card. To change your PIN, visit any branch location
beginning May 20.
When will my replacement card arrive?
New credit cards will automatically be issued to
Members who currently have them the week of May
6. If you do not receive a new replacement card by
May 15, please contact us. Please note: your new
card cannot be activated or used until May 20.
If I don’t like my new terms and decide to close my
card, will I have to reapply for a new credit card?
Yes. If you choose to close your All Valley FCU Credit
Card, you would need to reapply if you wish to open a
SchoolsFirst FCU Credit Card in the future.
How are my Visa credit card payments applied?
Will my rates change?
Yes. The SchoolsFirst FCU credit card program
offers a variety of competitive credit cards with low
rates. You should have received a letter in March that
detailed your new rates and terms.
Are Members’ pre-conversion balances
grandfathered in at their current fixed rate?
Your payment is applied first to any fees and finance
charges due, then to your balance due. Any payment
made in excess of the minimum required payment
due is applied to balances with the highest rate first,
and then to other balances in descending rate order.
The payment application process is in compliance
with federal regulation.
Yes, pre-conversion balances will remain at their
current All Valley FCU fixed rate.
In addition to our Gold and Platinum Visas, we offer several different
types of credit cards that have been designed to fit your needs:
Rewards Visa
School Employee Visa 11
• No annual fee
• Highly competitive rate
• Interest-only summer payment options
• Skip-A-Payment
• No balance transfer or cash advance fees
12
13
• Opportunity to lower your rate with 12 months of
on time payments
• Up to 1% cash back on purchases, deposited to
your Summer Saver 14
• No annual, balance transfer, cash advance, or overlimit fees
Call
800.462.8328
Click
• Earn points on purchases for travel, gift cards, or
cash back
If you would like more information about these
other credit cards, please call us, visit a branch or log
into our website to learn more.
Visit
a branch
Loans
All auto, motorcycle and RV loans will transition over with the
same name, rate and terms as you had before. If you had a Home
Equity Line of Credit (HELOC), you will receive a separate letter
regarding your loan. Other loans will transition with the same
rates and terms, but will be named differently on your statement.
Signature, Career Enhancement or Holiday Loan
Personal Loan
Share Secured Loan
Share Loan
Line of Credit Loan
Line of Credit Loan
Fresh Start Loan
Workout Loan
Beginning May 20, you can make your payments at any branch, online, or mail your payment to:
SchoolsFirst FCU, PO Box11547, Santa Ana, CA 92711-1547.
Classroom Supplies Loan
A no-interest loan to help teachers purchase
classroom supplies.15
Uniform Loan
A no-interest loan to help classified school employees
purchase uniforms and other supplies for your job.16
School Employee Mortgage Program
Designed with unique benefits to help school
employees purchase or refinance a home.
“The Credit Union has been like a good
friend; it’s an institution I can trust.
I manage my money wisely, but I’ve
always said it’s the best place to save.”
Helen Sands
The Sands/Martyr Family
Four generations of Membership since 1982
Savings Accounts
How should I make my loan payments?
Computer Loan
A low-interest loan to help school employees
purchase a new computer or software.
This guide will help you understand how your All Valley FCU accounts will be transitioning over to
SchoolsFirst FCU. In the coming weeks, look for a guide on how to access your account. On your new
statements or online, you will see the new names of your products as listed in this guide. If you have any
questions, please contact one of our Member Service Representatives at 800.462.8328.
We offer a complete line of loan products and services
designed to fit your needs, including these loans just for
school employees:
We also offer a complete line of financial
products and services, including:
Retirement, investments
and insurance
Whatever your financial goals, we can
help you develop a plan to get you there.
Auto purchasing
Through our auto buying services,
we can help you find the right car at the
right price.
Home buying
With our Home Advantage program,
we can help you find and purchase the
home of your dreams—and help you save
with a real estate rebate program and
discounted services.
Regular Share
Primary Savings 1
All Purpose Savings
Secondary Share 1
Summer Savings
Summer Saver 1,2,3
Christmas Club
My Club 1,4
Adventure Club
JV/Varsity Club 1,5
IRA (Traditional & Roth)
Accumulation IRA 1
Money Market
Liquid Advantage Money Market 1,6
Educational IRA
Share Certificates
All Valley FCU share certificates will retain the current rate and term.
Regular Certificate
Regular Certificate †
IRA Certificate (Traditional & Roth)
IRA Certificate †
Educational IRA Certificate
More information about all of our products and services, including current rates, can be found at:
Call
800.462.8328
Federally Insured by NCUA
Click
Visit
a branch
Rates and Disclosures
SchoolsFirst FCU Product
Primary Savings1
Secondary Share1
Rates and programs quoted below are effective as of
4/3/2013 and are subject to change without notice.
Minimum Balance
$5
$5
Dividend Rate
0.10%
0.10%
APY
0.10%
0.10%
$0
1.98%
2.00%
$0
2.96%
3.00%
$0
0.20%
0.20%
$5
0.10%
0.10%
$5
0.10%
0.10%
$2,000-$24,999
$25,000-$49,999
$50,000-$99,999
$100,000+
0.15%
0.20%
0.25%
0.30%
0.15%
0.20%
0.25%
0.30%
$0
$0 - $24,999
$25,000 - $99,999
$100,000
N/A
0.05%
0.08%
0.10%
N/A
0.05%
0.08%
0.10%
$10
0.20%
0.20%
$100
1.73%
1.75%
BASE Summer Saver1,2
SEMP Summer Saver1,3
My Club1,4
JV Club1,5 (Ages 0-12)
Varsity Club1,5 (Ages 13-17)
Liquid Advantage Money Market1,6
Free Checking8
Investment Checking1,10
Accumulation IRA1
12-Month Coverdell Education Savings Account
(ESA)7
APY = Annual Percentage Yield. IRA = Individual Retirement Account. The par value of one share is $5. To maintain active Membership, a Member
must keep a minimum of $5 in their Primary Regular Share ID 01.
1.
Variable rate account, subject to change daily.
2.
Limit one per Membership to current school employees only. Dividend rate eligibility determined annually and effective September 1 each
year. Deposit by payroll deduction or payroll direct deposit required; $25 minimum and $2,000 maximum per month.
3.
Participation in School Employee Membership Package required to maintain eligibility for the SEMP Summer Saver account. Cancelling any
part of the School Employee Membership Package may result in the Base Summer Saver account for the next school year. Limit one per
Membership to current school employees only. Dividend rate eligibility determined annually and effective September 1 each year. Deposit by
payroll deduction or payroll direct deposit required; $25 minimum and $2,000 maximum per month.
4.
No minimum opening balance required. $10 early withdrawal fee for withdrawals made after the first seven days after account is opened or
renewed for the next account term.
5.
Minor must meet Membership eligibility requirements for JV Club (ages 0-12) and Varsity club (ages 13-17) accounts. Membership fee is
covered under the family unit Membership Fee program. Minimum opening balance $5. No minimum balance to earn dividends. Limited ATM
transactions based on age.
6.
Minimum opening deposit $2,000. If balance decreases below $2,000, dividend rate will convert to the Investment Checking dividend rate.
Limit on certain transactions. Foreign ATM fees waived through 12/31/13.
7.
Rates are subject to change daily. Minor must be a Member or eligible for Membership. Contribution limit is $2,000 per child per year. Penalty for early withdrawal.
8.
$25 minimum initial deposit waived with direct deposit setup. Unlimited check writing; Unlimited transactions at SchoolsFirst FCU and
CO-OP Network ATMs; $1 fee for out-of-network transactions. Other financial institutions or merchants may charge for use of their ATM or
POS terminal. Foreign ATM fees waived through 12/31/13.
9.
Standard text messaging and data rates may apply.
10. $25 minimum initial deposit waived with direct deposit setup. The $6 monthly service charge is waived if you have direct deposit to your
Investment Checking account monthly and a daily minimum combined share balance of $1,000; or, if you do not have a direct deposit, this
account requires a daily minimum combined share balance of $2,500; or, if the Member is age 62 or over. Unlimited transactions at SchoolsFirst FCU and CO-OP Network ATMs. Account gives you six (6) transactions per month at other ATMs with no SchoolsFirst FCU charge; $1
fee for each out-of-network transaction in excess of six. Other financial institutions or merchants may charge for use of their ATM or POS
terminal. Foreign ATM fees waived through 12/31/13. Fees could reduce earnings on the account.
11. Must be a current school employee to qualify for the School Employee Visa credit card. SchoolsFirst FCU’s credit card program features
a range of rates based on a variety of factors, including the applicant’s credit rating. As of 3/15/2013, School Employee Credit Card rates
range from 7.5%-17.9% APR. Rates are subject to change, are variable and subject to increase after account opening. Foreign transaction fee
2% of the transaction.
12. Offered during June, July and August to qualified Members. Qualified Members will be notified; and must contact SchoolsFirst FCU to take
advantage of interest-only payments.
13. Automatically offered during January billing cycle to qualified Members.
1
14. Deposits will be made quarterly to Summer Saver. If Summer Saver maximum contribution limits have been reached, or if no Summer
Saver Share is open, deposit will be placed in Member’s Primary Share 01 (Savings). Earn cash back on purchases made within a calendar
year as follows: Earn 0.25% on your first $1,000 in annual purchases; earn 0.50% on your second $1,000 in annual purchases; earn 0.75%
on your third $1,000 in annual purchases; earn 1.00% on all purchases over $3,000. Cash advances, balance transfers, and returns are not
eligible for cash back.
15. Limited to classroom teachers or professors (grade K or higher) with accounts in good standing who are participating in payroll direct
deposit. Minimum payment $50/month. $10 application fee due at funding cannot be financed. Rate quoted includes a 0.75% discount for
automatic payment transfer from your SchoolsFirst FCU account.
16. Limited to classified school employees with accounts in good standing who are participating in payroll direct deposit. 10 month maximum term; estimated payment on a $500 loan is $50; minimum payment $25. Rate quoted includes a 0.75% discount for automatic
payment transfer from your SchoolsFirst FCU account.
Rates and programs quoted below are effective as of
4/3/2013 and are subject to change without notice.
Rates and Disclosures
SchoolsFirst FCU Product:
$500 Minimum
$20,000 Minimum
$50,000 Minimum
$100,000 Minimum
(Jumbo)
Dividend
Rate
APY
Dividend
Rate
APY
Dividend
Rate
APY
Dividend Rate
APY
30 Day
0.15%
0.15%
0.20%
0.20%
0.25%
0.25%
0.30%
0.30%
03 - 05 Month
0.25%
0.25%
0.30%
0.30%
0.35%
0.35%
0.40%
0.40%
06 - 11 Month
0.30%
0.30%
0.35%
0.35%
0.40%
0.40%
0.45%
0.45%
12 - 17 Month
0.35%
0.35%
0.40%
0.40%
0.45%
0.45%
0.50%
0.50%
18 - 23 Month
0.45%
0.45%
0.50%
0.50%
0.55%
0.55%
0.60%
0.60%
24 - 35 Month
0.55%
0.55%
0.60%
0.60%
0.65%
0.65%
0.70%
0.70%
36 - 47 Month
0.85%
0.85%
0.90%
0.90%
0.95%
0.95%
1.00%
1.00%
48 - 59 Month
1.04%
1.05%
1.09%
1.10%
1.14%
1.15%
1.19%
1.20%
60 Month
1.34%
1.35%
1.39%
1.40%
1.44%
1.45%
1.49%
1.50%
Term
†
Regular Certificate†
Penalty for early withdrawal.
SchoolsFirst FCU Product:
$500 Minimum
IRA Certificate†
$20,000 Minimum
$50,000 Minimum
$100,000 Minimum
(Jumbo)
Dividend
Rate
APY
Dividend
Rate
APY
Dividend
Rate
APY
Dividend Rate
APY
30 Day
0.25%
0.25%
0.30%
0.30%
0.35%
0.35%
0.40%
0.40%
03 - 05 Month
0.30%
0.30%
0.35%
0.35%
0.40%
0.40%
0.45%
0.45%
06 - 11 Month
0.35%
0.35%
0.40%
0.40%
0.45%
0.45%
0.50%
0.50%
*12 - 17 Month
0.40%
0.40%
0.45%
0.45%
0.50%
0.50%
0.55%
0.55%
18 - 23 Month
0.50%
0.50%
0.55%
0.55%
0.60%
0.60%
0.65%
0.65%
24 - 35 Month
0.60%
0.60%
0.65%
0.65%
0.70%
0.70%
0.75%
0.75%
Term
36 - 47 Month
0.90%
0.90%
0.95%
0.95%
1.00%
1.00%
1.04%
1.05%
48 - 59 Month
1.09%
1.10%
1.14%
1.15%
1.19%
1.20%
1.24%
1.25%
60 Month
1.39%
1.40%
1.44%
1.45%
1.49%
1.50%
1.54%
1.55%
Contributions for the current and/or prior year may be added at any time. Rollovers and deposits transferred from another plan or institution
can be made during the 7 day grace period immediately following the maturity date.
Penalty for early withdrawal.
* Rollovers or transfers from another plan or institution may be added to the 12-17 month IRA Share Certificate at any time.
†
Federally insured by NCUA.
2

Welcome to SchoolsFirst Federal Credit Union

Transcription

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