BEYOND. - Hudson Valley Federal Credit Union

118190.SharedInterests.NL.2.10
3/30/10
3:50 PM
Page 1
Free Seminars To Help You
BUILD, RECOVER, And
PROTECT Your Investments.
To RSVP, visit hvfcu.org or call 845.463.3366.
Outlook 2010
During the first half of 2010 the
markets are likely to continue to
perform well as they have through
the latter half of 2009. Headwinds
may emerge to create a more
challenging environment for
investors. A more tactical approach
to investing will be important to
maintaining the path to long-term
financial independence. Join us for
an informative seminar to understand
how the markets will likely perform
in 2010. Alternative strategies will be
discussed. Investing in alternative
investments may not be suitable for
all investors and involve special
risks such as risk associated with
leveraging the investment, potential
adverse marketing forces,
regulatory changes and potential
illiquidity. There is no assurance
that the investment objectives will
be attained.
The Roth IRA in 2010 – Focused
on America’s New Tax Break
Converting to a Roth IRA brings new
opportunity for all in 2010. Anyone,
regardless of income level, will be
eligible to convert all or a portion of
their Traditional IRA or employersponsored plan to a Roth IRA in
2010. Some of the advantages may
include tax-free distributions, and no
required minimum distributions or
age and income limitations. Experts
are saying this legislative change may
become the single most powerful
estate building and wealth transfer
vehicle. Investors should discuss
tax-related strategies with a qualified
tax advisor.
5
Re-Engineering Retirement–Learn
a simplified approach to your
retirement income needs
Through the re-engineering process,
you can become educated about
some of the complex issues related
to retirement, including: Three types
of retirement income needs; Seven
sources of retirement income; Five
options that connect resources to
retirement needs.
In addition, you’ll learn about
Legacy and the strategies for making
the most out of what you leave
behind for your family or favorite
charity. We’ll give you all the tools
to help you get started today on
your retirement income strategies
for tomorrow.
There is no guarantee that the strategies discussed
will be successful. Securities, advisory services, and
insurance products offered through LPL Financial
and its affiliates, a Registered Investment Advisor,
Member FINRA/SIPC. Hudson Valley Federal Credit
Union is not a registered broker/dealer and is not
affiliated with LPL Financial. This presentation is
designed to provide general information on the
subjects covered pursuant to IRS Circular 230, it is
not, however, intended to provide specific legal or tax
advice and cannot be used to avoid tax penalties or to
promote, market, or recommend any tax plan or
arrangement. Please note that Allianz Life Insurance
company of North America, its affiliated companies,
and their representatives do not give any legal or tax
advice. You are encouraged to consult your tax
advisor or attorney.
Not NCUA Insured | No Credit Union Guarantee |
May Lose Value
Investments are not deposits, are not obligations of
the credit union, are not NCUA insured, have no
credit union guarantee, are not guaranteed by any
federal government agency, or by any affiliated entity.
Investments involve risks, including the possible loss
of principal. HVFCU Financial Services Consultants
are registered representatives of and securities and
insurance products are offered through LPL Financial
and its affiliates, Member FINRA/SIPC.
HUDSON VALLEY
FEDERAL CREDIT UNION
PRIVACY POLICY NOTICE
We at HVFCU and CUSERVE, Inc. are
committed to protecting the privacy of
each member’s financial information
consistent with state and federal laws. To
that end, we maintain physical,
electronic, and procedural safeguards at
all times that comply with federal
regulations to guard your non-public
personal information while you conduct
business via the Internet, ATM networks,
wire services, telephone, the U.S. mail,
and other means of communication.
Occasionally, we will supply third-party
vendors with information we collect
regarding our members, in order to
extend offers that may benefit the
membership, such as offers of credit,
investments, or insurance products. We
will not sell, or otherwise provide,
member information to telemarketing
firms. The information we may share
with these third-party vendors may be
collected from the following sources:
information we receive from you on
membership, deposit, and loan account
applications (paper and online) or other
forms or information created as a result
of you being a member of HVFCU or a
customer of CUSERVE, Inc.; information
about your transactions with us such as
your payment history and credit card
usage; and information we receive from
consumer reporting agencies such as
credit history. We may also disclose nonpublic information about you to nonaffiliated third parties, as permitted or
required by law. We restrict access to
nonpublic information about you to
those employees who need to know that
information to provide products and
services to you.
Featured Rates
HVFCU Directory
Home Equity Line of Credit
CONSUMER
Introductory LOAN RATES
Variable Rate
rates asFixed
low as Rate
2.99
as low as
%
APR1
First Six Billing Cycles
New Auto, Truck, Van
Used Auto, Truck, Van
s No Equity
ClosingLOC
Costs3
Home
s No Points
s Loans up to $250,000
4.25
%
Fixed
APR
4.90 2,3
5.15 2,3
N/A
Variable 2
APR
APR1
Thereafter5.80
2,3
5.80 2,3
4.00 2,3,4
APR = Annual Percentage Rate.
1. Annual Percentage Rate (APR) is subject to increase.
2. Rates for this product are as low as stated and are effective as of 3/6/10. Rate is based
on an evaluation of applicant credit. Rate is also based on the selected term and loan
to value for vehicle loans. An evaluation of applicant credit determines the total
amount financed, term and whether MSRP or Factory Invoice is used for new vehicle
1)values.
APR=Annual
Percentage
Rate.The
introductory
rate Invoice
will be in
the
Values are
determined
from either
MSRP orfixed
Factory
foreffect
new vehicles
first six billing cycles after your account is opened, whether or not funds have been
and NADA
book
value
for used
vehicles.
YourThereafter,
rate and total
financedthe
may
advanced
from
your
account
during
that time.
theamount
rate, including
rate
onvary
anyfrom
existing
balance,
to the
applicable
Variable
below.
the stated
ratewill
andconvert
maximum
financing.
Rate
is also Rate
baseddescribed
on the selected
Offer may be withdrawn at any time. 2) APR=Annual Percentage Rate. Variable Rate:
term for
for this
home
equityare
loan
of credit.
Your
rate
may
vary
from
statedrate.
rate.
Rates
product
asand
lowlines
as stated.
Your
rate
may
vary
from
thethe
stated
are subject
change monthly
based
on the highest
publishedthat
Wall
Street
3.Rates
The rate
stated istodiscounted
by .25%
and includes
a requirement
loan
Journal Prime Rate in effect on the fifth to last business day of the month. The Prime
payments
automatically
transferred
fromby
your
or checking
account
Rate
is thenare
added
to the margin,
determined
an savings
evaluation
of applicant
credit and
total amount financed, to calculate the APR. The APR will never increase more than
for the life of the loan. The monthly payment is not decreased as a result of this
2% per year and will never be less than 4% or more than 18%. Rate information is
accurate
as ofrate.
3/1/10
is subjectrate
to change.
Call to
HVFCU
Information
Center (800discounted
Theand
discounted
only applies
new loans
and newly
468-3011) for current rate information. 3 ) Closing costs associated with this product
refinanced loans from another lender.
are waived, provided loan is maintained for a minimum of three years. HVFCU will
for property
credit line
report,
flood certification,
attorney fee,
mortgage
4.pay
Maximum
rate appraisal,
for home equity
of credit
is 18%. Homeowners
insurance
required.
tax, recording fee, and title search. Borrower is responsible for both homeowners and
flood insurance.
ViewINTRODUCTORY
all our current deposit
and loan
rates MAY
online 28,
at hvfcu.org.
OFFER
ENDS
2010
Holiday Schedule
All branches will be closed:
Monday, May 31 | Memorial Day
Monday, July 5 | Independence Day
Directors & Officers
T. S. Jones, Chairman
Joseph E. Eppich, 1st Vice Chairman
Takao Inouye, 2nd Vice Chairman
David S. Bagley, Treasurer
Henry J. Rodgers, Jr., Asst. Treasurer
Larry J. Prescott, Secretary
Lynn R. Fielitz, Director
Noreen Hennessy, Director
Gabriel B. Roy, Director
Jan. B. Mahar, Director Emeritus
Ralph E. Plant, Director Emeritus
Supervisory Committee
William J. Mulvey, Chairman
Kathleen A. Dispensa, Secretary
Stephen M. Caswell, Member
Nancy Kappler-Foster, Member
Noreen Hennessy, Member
Jeffrey S. Battistoni, Assoc. Member
Elinor Speckman, Assoc. Member
President/CEO
Mary D. Madden
Branches
Monday-Friday 8:30-7:00
& Saturday 9:00-5:00
4 Tucker Drive, Arlington
324 Main Street, Beacon
449 Route 9, Dutchess Mall, Fishkill
415 Route 376, Hopewell Junction
4011 Albany Post Road, Hyde Park
1639 Ulster Avenue, Kingston
Route 211, Fairgrounds Plaza,
Middletown
953 Route 300, Newburgh
265 Windsor Highway, New Windsor
12 North Avenue, Pleasant Valley
159 Barnegat Road, Poughkeepsie
11 Marshall Road, Wappingers Falls
HVFCU ATMs
All HVFCU Branches
Adams Fairacre Farms,
Route 44, Poughkeepsie
Blue Cross/Blue Shield, Middletown*
Gap/Old Navy Distribution Center,
Fishkill*
Mohonk Mountain House, New Paltz
1810 South Road, Nine Mall,
Wappingers Falls
Poughkeepsie IBM Bldg. 052*
East Fishkill IBM Bldgs. 300, 323*
Vassar Brothers Medical Center,
Poughkeepsie
*Employee accessible only
24-Hour Drive-up ATMs
Arlington, Fishkill, Hopewell
Junction, Hyde Park, Kingston,
Middletown, Newburgh, New
Windsor, Pleasant Valley, &
Poughkeepsie Branches
Bridgeview Plaza, Route 9W, Highland
1810 South Road, Nine Mall,
Wappingers Falls
Online Services
hvfcu.org
Telephone
845.463.3011/800.468.3011
TDD (for hearing impaired)
845.463.1709
Supervisory Committee
845.463.6934/800.468.3011
Mailing Address
159 Barnegat Road, Poughkeepsie,
NY 12601
Monday-Friday 8:30-5:30
Monday-Friday 8:00-4:00
Stay in the know with
our eNewsletter
Get the latest news and information on special offers, events,
and seminars, plus consumer information that’s pertinent to
your financial well-being. Visit hvfcu.org and subscribe to
our electronic newsletter.
6
❖
A QUARTERLY PUBLICATION OF HUDSON VALLEY FEDERAL CREDIT UNION
Online Banking And
BEYOND.
Managing Your Finances In The 21st Century.
The digital age has not only changed our personal lives, but our
business and financial lives as well. The days of being limited to a
desktop computer are over, and even laptops (a novelty not that
long ago) are being replaced by netbooks, web-enabled cell
phones, and PDAs that can go anywhere and do just about
anything. Here at HVFCU, we’re excited about finding ways to
put today’s technology to good use with electronic services to
help you access your accounts and manage your money 24/7.
One great idea leads to another
The financial community quickly caught on to the potential of
electronic banking, and innovations continue to keep coming year
after year. A wide variety of online services are now available for
HVFCU members via our website, including: Internet Banking
and Bill Pay; account and loan applications; account and
transaction alerts; electronic newsletters; electronic statements;
live chat (via our website); check reordering; credit card account
access; credit and debit counseling through BALANCE; and
much more.
The benefits are clear
With real-time information always available, you can monitor
your accounts or conduct transactions on the go. Our electronic
services are accessible anywhere you happen to be, with no need
to travel to a branch. In addition to conserving your valuable time,
these environmentally friendly services also conserve natural
resources such as gasoline and paper by saving you a trip to a
branch, and by reducing or eliminating forms.
1 Civic Center Plaza, Poughkeepsie
If you prefer that we not disclose nonpublic personal information about you to
affiliated third parties, you may opt out of
those disclosures, that is, you may direct
us not to make those disclosures (other
than disclosures permitted by law). If you
wish to opt out of disclosures to affiliated
third parties, you may check the
appropriate opt-out selection on the
Master Membership Account Application
when establishing membership or you
may contact us by calling 845.463.3011
or toll-free 800.468.3011.
SPRING 2010
IBM Buildings 320, 330, 416, 705*
*Employee accessible only.
705 closed 1:30 pm to 2:00 pm.
845.463.3011 | 800.468.3011 | hvfcu.org
FEDERALLY INSURED BY NCUA
Security is our top priority
We understand the importance of keeping your information safe
and sound. Our Internet Banking is protected by the latest
security protocols, including Multi-Factor Authentication (MFA).
MFA enhances the security of your Internet Banking access
through the use of security codes, questions, and images that
protect your online access from computer hackers and identity
thieves. Your online banking sessions have layers of protection,
beyond your user name and password. So you can rest easy that
your information is well-protected.
Whether you are out of town, busy at work, or enjoying a relaxing
day off, your HVFCU accounts are right at your fingertips. If your
life is easier as a result, that’s no accident. Visit hvfcu.org and
click on eServices or stop by your nearest branch to learn more.
Your Card Is Waiting
Visit your local dealership to get a $20 Exxon-Mobil gas
card. Finance your vehicle through us and upgrade to a
$50 Visa Gift Card! Visit our website for details.
118190.SharedInterests.NL.2.10
3/30/10
3:51 PM
Page 4
AutoSMART + HVFCU =
Effortless Online Car Buying.
Is there a new car in your future? To make your shopping experience easier and
more convenient than ever, check out the AutoSMART link under the “Loans”
menu on our website. AutoSMART provides a one-stop online resource for
researching and shopping for your next vehicle, and creates an ideal opportunity
to secure a great deal. You’ll find user-friendly navigation and an expansive
library of tools, links, and articles. You can even use AutoSMART to search
vehicle inventories of local dealers, influencing them to compete for your next
vehicle purchase.
Great Rates and Terms
When you’re ready to buy, you’ll be glad to know your credit union offers low
rates, flexible terms, and very competitive financing. Borrow up to the full
purchase price on any new vehicle including taxes, tags, and additional warranties,
to make your buying experience affordable. For even greater savings, arrange for
automatic payment from your savings or checking account and receive an
automatic .25% off your approved rate!* Affordable financing is also available on
used vehicles. Use our online loan application for fast processing.
*The rate is discounted by .25% and includes a requirement that loan payments are automatically transferred from
your savings or checking account for the life of the loan. The monthly payment is not decreased as a result of this
discounted rate.
AutoSMART Tools
• Vehicle comparison
• Dealer inventory search for new and
used vehicles
• Vehicle value guides from Black Book,
Kelly Blue Book, and NADA
• Free AutoCheck and CarFax history
checks on used vehicles
• Extensive automobile reviews
• Loan calculators for comparing the
value of loans based on dealer
incentives and special offers
• The real facts about low-interest-rate
financing
Online Bill Pay:
EASY. SECURE.
GREEN.
Online Bill Pay has surged in recent years,
with more than 75% of online households
now paying bills online on a regular basis.1
When you consider all the advantages of this
service it’s easy to see why it is so popular.
First, Bill Pay is quick and convenient.
Once you enter your payee information
into the system, it takes just seconds to pay
a bill. You don’t have to look up your
account number each time. And you don’t
have to write a check. You don’t have to pay
for stamps. Just enter the amount and
click “pay.”
Second, Bill Pay is secure. In fact, paying
bills online can actually help protect your
identity by keeping your information (and
your checks) out of your mailbox.
Third, Bill Pay is eco-friendly. Bill Pay can
dramatically reduce the use of paper,
gasoline, and other natural resources. If every
household in the country viewed and paid
bills online, we could save 16.5 million trees
each year and conserve enough energy to
provide residential power to San Francisco.2
How To
House-Hunt
From Your
Couch.
Need Money For Spring?
Apply For Home Equity
Financing Online.
Perhaps you’ve started thinking about your spring home improvement
project. Perhaps your child just got into college, and you’re wondering
how you’ll cover the tuition.
Perhaps Your Home Can Help
You can draw on the equity in your own home to finance just about
any expense: a new kitchen or deck, college for the kids, debt
consolidation, even a wedding or vacation. HVFCU makes such a
move particularly attractive with generous, flexible terms. Borrow as
little as $5,000...or as much as $250,000,1 and the interest may be tax
deductible. (Consult your tax advisor to determine your eligibility.)
If you’re in the market for a house, you could
spend hours driving through neighborhoods,
walking through countless homes, and
scouting out open houses. Or, you could just
sit back and let your computer do all the work!
Here are some steps that can lead you directly to the doorstep of
your dream home:
Step three: Dig deeper. Go to the county assessor’s office website
and search by address. You may be able to learn the appraised
value, the square footage, the builder’s name, and much more.
Step one: Search the MLS. Visit hvfcu.org, click on “Loans” and
then on “Mortgages.” Look under the “Resources” tab for our
“Find A Home” tool. This lets you specify your price range, how
many bedrooms and baths you want, and a particular area.
Step four: Figure out what your house is worth. There are
websites that can help with this, too! Naturally, you will only get
an estimate rather than an official appraisal. But you can visit
www.zillow.com or www.homegain.com to get a rough idea.
Step two: Get a birds-eye view. When you find an intriguing
listing, enter the address on Google Maps. You can see an aerial
view to get an idea of the size of the yard, then zoom in for a
street view.
Step five: Apply for a mortgage. Our online mortgage center has
all the tools you need. It’s easy to compare your mortgage options,
estimate your payments, complete an online application, or
contact us for friendly, personal assistance.
Loan or Line of Credit?
Which home equity product is right for you? Our home equity line of
credit allows you to borrow funds as you need them; in fact, you can
continue to draw on your line of credit for as long as you own your
home. And a line of credit offers several ways to access your funds.
Plus, right now our home equity line of credit is featuring a low
introductory rate, making it especially attractive. Visit hvfcu.org
for all the details.
Our home equity loan, on the other hand, is ideal for a single major
expense; it features a fixed interest rate and extremely generous
repayment terms.
HVFCU is happy to provide Online Bill
Pay free of charge. To give it a try, simply
visit hvfcu.org and sign on to Internet
Banking. Then click on “Options,” and
“Bill Pay Enrollment.” You will be
automatically enrolled, and can start
paying bills right away.
High-Speed Loan Approvals?
Yeah, We’ve Got An App For That.
You can always apply for a loan in person or by phone, but did you know that the
easiest, fastest way to process your loan is by using our online application?
• Apply for a consumer loan, credit card, auto loan, home equity, mortgage, and more!
• Apply any time
• Get an answer in just seconds
• Quick processing, normally in 24 hours
1) 2008 Consumer Banking and Bill Payment Survey
2) Javelin Strategy & Research Report
Go online to hvfcu.org and click on the link on our homepage. And remember, if you are purchasing a vehicle, you
also can tell the dealer you want to apply for HVFCU financing on site! Most Hudson Valley dealerships can provide
HVFCU financing.
2
You can borrow up to 90% of your home’s appraised value,1 less the
balance on your first mortgage. For example, say your home is
appraised at $150,000. Then 90% would be $135,000. If your first
mortgage balance currently stands at $80,000, your borrowing limit
would be $55,000. But best of all, there are never any closing costs!2
3
Apply Through our Website
Our online application allows you to apply and get an answer in
60 seconds or less. Visit hvfcu.org, under loans for a link to
our application.
1
2
Eligibility and total amount financed for home equity loans and home equity lines of credit are
based on an evaluation of applicant credit, appraised value, and existing liens (LTV).
Closing costs associated with this product are waived, provided loan is maintained for a minimum
of three years. HVFCU home equities refinanced within one year of inception are subject to
repayment of closing costs, in full. HVFCU will pay for property appraisal, credit report, flood
certification, attorney fee, mortgage tax, recording fee, and title search. Borrower is responsible for
both homeowners and flood insurance.
Limited Time Offer
Right now our home equity line of credit is featuring a low
introductory rate! Visit hvfcu.org for details and to apply.
4
Make Your Vacation
a Visa Vacation.
Your HVFCU Platinum credit card can do
more than help you shop. It can be
invaluable for planning a well-deserved
vacation. Shop for the best deal online,
then use your card to reserve and pay for
your travel accommodations,
transportation, dining, entertainment,
souvenirs—whatever your vacation
needs. Our cards carry travel benefits to
make your trip worry-free—emergency
cash, medical assistance, lost luggage
assistance, and more. So before you pack
the swimsuit and suntan lotion, be sure
to include your HVFCU Visa Platinum
credit card. Stop by, call, or go online to
apply and get an answer to your request
in just minutes. But hurry and apply
because vacation time will be here soon!
CUAlerts: real time
account monitoring.
Keep tabs on your account activity
via email or text message notifications.
Sign up for CUAlerts through
Internet Banking online at hvfcu.org.
Online Insurance Quote.
Want to get the best auto or home
owner insurance rate possible? Get a
free, no-obligation quote via our
website at hvfcu.org. Look under the
“Insurance” menu.
Insurance products are not deposits, obligations of, or
guaranteed by Hudson Valley Federal Credit Union and are
not insured by the National Credit Union Share Insurance
Fund (NCUSIF), or any other agency of the United States,
Hudson Valley Federal Credit Union, or CUSERVE, Inc.
118190.SharedInterests.NL.2.10
3/30/10
3:51 PM
Page 4
AutoSMART + HVFCU =
Effortless Online Car Buying.
Is there a new car in your future? To make your shopping experience easier and
more convenient than ever, check out the AutoSMART link under the “Loans”
menu on our website. AutoSMART provides a one-stop online resource for
researching and shopping for your next vehicle, and creates an ideal opportunity
to secure a great deal. You’ll find user-friendly navigation and an expansive
library of tools, links, and articles. You can even use AutoSMART to search
vehicle inventories of local dealers, influencing them to compete for your next
vehicle purchase.
Great Rates and Terms
When you’re ready to buy, you’ll be glad to know your credit union offers low
rates, flexible terms, and very competitive financing. Borrow up to the full
purchase price on any new vehicle including taxes, tags, and additional warranties,
to make your buying experience affordable. For even greater savings, arrange for
automatic payment from your savings or checking account and receive an
automatic .25% off your approved rate!* Affordable financing is also available on
used vehicles. Use our online loan application for fast processing.
*The rate is discounted by .25% and includes a requirement that loan payments are automatically transferred from
your savings or checking account for the life of the loan. The monthly payment is not decreased as a result of this
discounted rate.
AutoSMART Tools
• Vehicle comparison
• Dealer inventory search for new and
used vehicles
• Vehicle value guides from Black Book,
Kelly Blue Book, and NADA
• Free AutoCheck and CarFax history
checks on used vehicles
• Extensive automobile reviews
• Loan calculators for comparing the
value of loans based on dealer
incentives and special offers
• The real facts about low-interest-rate
financing
Online Bill Pay:
EASY. SECURE.
GREEN.
Online Bill Pay has surged in recent years,
with more than 75% of online households
now paying bills online on a regular basis.1
When you consider all the advantages of this
service it’s easy to see why it is so popular.
First, Bill Pay is quick and convenient.
Once you enter your payee information
into the system, it takes just seconds to pay
a bill. You don’t have to look up your
account number each time. And you don’t
have to write a check. You don’t have to pay
for stamps. Just enter the amount and
click “pay.”
Second, Bill Pay is secure. In fact, paying
bills online can actually help protect your
identity by keeping your information (and
your checks) out of your mailbox.
Third, Bill Pay is eco-friendly. Bill Pay can
dramatically reduce the use of paper,
gasoline, and other natural resources. If every
household in the country viewed and paid
bills online, we could save 16.5 million trees
each year and conserve enough energy to
provide residential power to San Francisco.2
How To
House-Hunt
From Your
Couch.
Need Money For Spring?
Apply For Home Equity
Financing Online.
Perhaps you’ve started thinking about your spring home improvement
project. Perhaps your child just got into college, and you’re wondering
how you’ll cover the tuition.
Perhaps Your Home Can Help
You can draw on the equity in your own home to finance just about
any expense: a new kitchen or deck, college for the kids, debt
consolidation, even a wedding or vacation. HVFCU makes such a
move particularly attractive with generous, flexible terms. Borrow as
little as $5,000...or as much as $250,000,1 and the interest may be tax
deductible. (Consult your tax advisor to determine your eligibility.)
If you’re in the market for a house, you could
spend hours driving through neighborhoods,
walking through countless homes, and
scouting out open houses. Or, you could just
sit back and let your computer do all the work!
Here are some steps that can lead you directly to the doorstep of
your dream home:
Step three: Dig deeper. Go to the county assessor’s office website
and search by address. You may be able to learn the appraised
value, the square footage, the builder’s name, and much more.
Step one: Search the MLS. Visit hvfcu.org, click on “Loans” and
then on “Mortgages.” Look under the “Resources” tab for our
“Find A Home” tool. This lets you specify your price range, how
many bedrooms and baths you want, and a particular area.
Step four: Figure out what your house is worth. There are
websites that can help with this, too! Naturally, you will only get
an estimate rather than an official appraisal. But you can visit
www.zillow.com or www.homegain.com to get a rough idea.
Step two: Get a birds-eye view. When you find an intriguing
listing, enter the address on Google Maps. You can see an aerial
view to get an idea of the size of the yard, then zoom in for a
street view.
Step five: Apply for a mortgage. Our online mortgage center has
all the tools you need. It’s easy to compare your mortgage options,
estimate your payments, complete an online application, or
contact us for friendly, personal assistance.
Loan or Line of Credit?
Which home equity product is right for you? Our home equity line of
credit allows you to borrow funds as you need them; in fact, you can
continue to draw on your line of credit for as long as you own your
home. And a line of credit offers several ways to access your funds.
Plus, right now our home equity line of credit is featuring a low
introductory rate, making it especially attractive. Visit hvfcu.org
for all the details.
Our home equity loan, on the other hand, is ideal for a single major
expense; it features a fixed interest rate and extremely generous
repayment terms.
HVFCU is happy to provide Online Bill
Pay free of charge. To give it a try, simply
visit hvfcu.org and sign on to Internet
Banking. Then click on “Options,” and
“Bill Pay Enrollment.” You will be
automatically enrolled, and can start
paying bills right away.
High-Speed Loan Approvals?
Yeah, We’ve Got An App For That.
You can always apply for a loan in person or by phone, but did you know that the
easiest, fastest way to process your loan is by using our online application?
• Apply for a consumer loan, credit card, auto loan, home equity, mortgage, and more!
• Apply any time
• Get an answer in just seconds
• Quick processing, normally in 24 hours
1) 2008 Consumer Banking and Bill Payment Survey
2) Javelin Strategy & Research Report
Go online to hvfcu.org and click on the link on our homepage. And remember, if you are purchasing a vehicle, you
also can tell the dealer you want to apply for HVFCU financing on site! Most Hudson Valley dealerships can provide
HVFCU financing.
2
You can borrow up to 90% of your home’s appraised value,1 less the
balance on your first mortgage. For example, say your home is
appraised at $150,000. Then 90% would be $135,000. If your first
mortgage balance currently stands at $80,000, your borrowing limit
would be $55,000. But best of all, there are never any closing costs!2
3
Apply Through our Website
Our online application allows you to apply and get an answer in
60 seconds or less. Visit hvfcu.org, under loans for a link to
our application.
1
2
Eligibility and total amount financed for home equity loans and home equity lines of credit are
based on an evaluation of applicant credit, appraised value, and existing liens (LTV).
Closing costs associated with this product are waived, provided loan is maintained for a minimum
of three years. HVFCU home equities refinanced within one year of inception are subject to
repayment of closing costs, in full. HVFCU will pay for property appraisal, credit report, flood
certification, attorney fee, mortgage tax, recording fee, and title search. Borrower is responsible for
both homeowners and flood insurance.
Limited Time Offer
Right now our home equity line of credit is featuring a low
introductory rate! Visit hvfcu.org for details and to apply.
4
Make Your Vacation
a Visa Vacation.
Your HVFCU Platinum credit card can do
more than help you shop. It can be
invaluable for planning a well-deserved
vacation. Shop for the best deal online,
then use your card to reserve and pay for
your travel accommodations,
transportation, dining, entertainment,
souvenirs—whatever your vacation
needs. Our cards carry travel benefits to
make your trip worry-free—emergency
cash, medical assistance, lost luggage
assistance, and more. So before you pack
the swimsuit and suntan lotion, be sure
to include your HVFCU Visa Platinum
credit card. Stop by, call, or go online to
apply and get an answer to your request
in just minutes. But hurry and apply
because vacation time will be here soon!
CUAlerts: real time
account monitoring.
Keep tabs on your account activity
via email or text message notifications.
Sign up for CUAlerts through
Internet Banking online at hvfcu.org.
Online Insurance Quote.
Want to get the best auto or home
owner insurance rate possible? Get a
free, no-obligation quote via our
website at hvfcu.org. Look under the
“Insurance” menu.
Insurance products are not deposits, obligations of, or
guaranteed by Hudson Valley Federal Credit Union and are
not insured by the National Credit Union Share Insurance
Fund (NCUSIF), or any other agency of the United States,
Hudson Valley Federal Credit Union, or CUSERVE, Inc.
118190.SharedInterests.NL.2.10
3/30/10
3:51 PM
Page 4
AutoSMART + HVFCU =
Effortless Online Car Buying.
Is there a new car in your future? To make your shopping experience easier and
more convenient than ever, check out the AutoSMART link under the “Loans”
menu on our website. AutoSMART provides a one-stop online resource for
researching and shopping for your next vehicle, and creates an ideal opportunity
to secure a great deal. You’ll find user-friendly navigation and an expansive
library of tools, links, and articles. You can even use AutoSMART to search
vehicle inventories of local dealers, influencing them to compete for your next
vehicle purchase.
Great Rates and Terms
When you’re ready to buy, you’ll be glad to know your credit union offers low
rates, flexible terms, and very competitive financing. Borrow up to the full
purchase price on any new vehicle including taxes, tags, and additional warranties,
to make your buying experience affordable. For even greater savings, arrange for
automatic payment from your savings or checking account and receive an
automatic .25% off your approved rate!* Affordable financing is also available on
used vehicles. Use our online loan application for fast processing.
*The rate is discounted by .25% and includes a requirement that loan payments are automatically transferred from
your savings or checking account for the life of the loan. The monthly payment is not decreased as a result of this
discounted rate.
AutoSMART Tools
• Vehicle comparison
• Dealer inventory search for new and
used vehicles
• Vehicle value guides from Black Book,
Kelly Blue Book, and NADA
• Free AutoCheck and CarFax history
checks on used vehicles
• Extensive automobile reviews
• Loan calculators for comparing the
value of loans based on dealer
incentives and special offers
• The real facts about low-interest-rate
financing
Online Bill Pay:
EASY. SECURE.
GREEN.
Online Bill Pay has surged in recent years,
with more than 75% of online households
now paying bills online on a regular basis.1
When you consider all the advantages of this
service it’s easy to see why it is so popular.
First, Bill Pay is quick and convenient.
Once you enter your payee information
into the system, it takes just seconds to pay
a bill. You don’t have to look up your
account number each time. And you don’t
have to write a check. You don’t have to pay
for stamps. Just enter the amount and
click “pay.”
Second, Bill Pay is secure. In fact, paying
bills online can actually help protect your
identity by keeping your information (and
your checks) out of your mailbox.
Third, Bill Pay is eco-friendly. Bill Pay can
dramatically reduce the use of paper,
gasoline, and other natural resources. If every
household in the country viewed and paid
bills online, we could save 16.5 million trees
each year and conserve enough energy to
provide residential power to San Francisco.2
How To
House-Hunt
From Your
Couch.
Need Money For Spring?
Apply For Home Equity
Financing Online.
Perhaps you’ve started thinking about your spring home improvement
project. Perhaps your child just got into college, and you’re wondering
how you’ll cover the tuition.
Perhaps Your Home Can Help
You can draw on the equity in your own home to finance just about
any expense: a new kitchen or deck, college for the kids, debt
consolidation, even a wedding or vacation. HVFCU makes such a
move particularly attractive with generous, flexible terms. Borrow as
little as $5,000...or as much as $250,000,1 and the interest may be tax
deductible. (Consult your tax advisor to determine your eligibility.)
If you’re in the market for a house, you could
spend hours driving through neighborhoods,
walking through countless homes, and
scouting out open houses. Or, you could just
sit back and let your computer do all the work!
Here are some steps that can lead you directly to the doorstep of
your dream home:
Step three: Dig deeper. Go to the county assessor’s office website
and search by address. You may be able to learn the appraised
value, the square footage, the builder’s name, and much more.
Step one: Search the MLS. Visit hvfcu.org, click on “Loans” and
then on “Mortgages.” Look under the “Resources” tab for our
“Find A Home” tool. This lets you specify your price range, how
many bedrooms and baths you want, and a particular area.
Step four: Figure out what your house is worth. There are
websites that can help with this, too! Naturally, you will only get
an estimate rather than an official appraisal. But you can visit
www.zillow.com or www.homegain.com to get a rough idea.
Step two: Get a birds-eye view. When you find an intriguing
listing, enter the address on Google Maps. You can see an aerial
view to get an idea of the size of the yard, then zoom in for a
street view.
Step five: Apply for a mortgage. Our online mortgage center has
all the tools you need. It’s easy to compare your mortgage options,
estimate your payments, complete an online application, or
contact us for friendly, personal assistance.
Loan or Line of Credit?
Which home equity product is right for you? Our home equity line of
credit allows you to borrow funds as you need them; in fact, you can
continue to draw on your line of credit for as long as you own your
home. And a line of credit offers several ways to access your funds.
Plus, right now our home equity line of credit is featuring a low
introductory rate, making it especially attractive. Visit hvfcu.org
for all the details.
Our home equity loan, on the other hand, is ideal for a single major
expense; it features a fixed interest rate and extremely generous
repayment terms.
HVFCU is happy to provide Online Bill
Pay free of charge. To give it a try, simply
visit hvfcu.org and sign on to Internet
Banking. Then click on “Options,” and
“Bill Pay Enrollment.” You will be
automatically enrolled, and can start
paying bills right away.
High-Speed Loan Approvals?
Yeah, We’ve Got An App For That.
You can always apply for a loan in person or by phone, but did you know that the
easiest, fastest way to process your loan is by using our online application?
• Apply for a consumer loan, credit card, auto loan, home equity, mortgage, and more!
• Apply any time
• Get an answer in just seconds
• Quick processing, normally in 24 hours
1) 2008 Consumer Banking and Bill Payment Survey
2) Javelin Strategy & Research Report
Go online to hvfcu.org and click on the link on our homepage. And remember, if you are purchasing a vehicle, you
also can tell the dealer you want to apply for HVFCU financing on site! Most Hudson Valley dealerships can provide
HVFCU financing.
2
You can borrow up to 90% of your home’s appraised value,1 less the
balance on your first mortgage. For example, say your home is
appraised at $150,000. Then 90% would be $135,000. If your first
mortgage balance currently stands at $80,000, your borrowing limit
would be $55,000. But best of all, there are never any closing costs!2
3
Apply Through our Website
Our online application allows you to apply and get an answer in
60 seconds or less. Visit hvfcu.org, under loans for a link to
our application.
1
2
Eligibility and total amount financed for home equity loans and home equity lines of credit are
based on an evaluation of applicant credit, appraised value, and existing liens (LTV).
Closing costs associated with this product are waived, provided loan is maintained for a minimum
of three years. HVFCU home equities refinanced within one year of inception are subject to
repayment of closing costs, in full. HVFCU will pay for property appraisal, credit report, flood
certification, attorney fee, mortgage tax, recording fee, and title search. Borrower is responsible for
both homeowners and flood insurance.
Limited Time Offer
Right now our home equity line of credit is featuring a low
introductory rate! Visit hvfcu.org for details and to apply.
4
Make Your Vacation
a Visa Vacation.
Your HVFCU Platinum credit card can do
more than help you shop. It can be
invaluable for planning a well-deserved
vacation. Shop for the best deal online,
then use your card to reserve and pay for
your travel accommodations,
transportation, dining, entertainment,
souvenirs—whatever your vacation
needs. Our cards carry travel benefits to
make your trip worry-free—emergency
cash, medical assistance, lost luggage
assistance, and more. So before you pack
the swimsuit and suntan lotion, be sure
to include your HVFCU Visa Platinum
credit card. Stop by, call, or go online to
apply and get an answer to your request
in just minutes. But hurry and apply
because vacation time will be here soon!
CUAlerts: real time
account monitoring.
Keep tabs on your account activity
via email or text message notifications.
Sign up for CUAlerts through
Internet Banking online at hvfcu.org.
Online Insurance Quote.
Want to get the best auto or home
owner insurance rate possible? Get a
free, no-obligation quote via our
website at hvfcu.org. Look under the
“Insurance” menu.
Insurance products are not deposits, obligations of, or
guaranteed by Hudson Valley Federal Credit Union and are
not insured by the National Credit Union Share Insurance
Fund (NCUSIF), or any other agency of the United States,
Hudson Valley Federal Credit Union, or CUSERVE, Inc.
118190.SharedInterests.NL.2.10
3/30/10
3:50 PM
Page 1
Free Seminars To Help You
BUILD, RECOVER, And
PROTECT Your Investments.
To RSVP, visit hvfcu.org or call 845.463.3366.
Outlook 2010
During the first half of 2010 the
markets are likely to continue to
perform well as they have through
the latter half of 2009. Headwinds
may emerge to create a more
challenging environment for
investors. A more tactical approach
to investing will be important to
maintaining the path to long-term
financial independence. Join us for
an informative seminar to understand
how the markets will likely perform
in 2010. Alternative strategies will be
discussed. Investing in alternative
investments may not be suitable for
all investors and involve special
risks such as risk associated with
leveraging the investment, potential
adverse marketing forces,
regulatory changes and potential
illiquidity. There is no assurance
that the investment objectives will
be attained.
The Roth IRA in 2010 – Focused
on America’s New Tax Break
Converting to a Roth IRA brings new
opportunity for all in 2010. Anyone,
regardless of income level, will be
eligible to convert all or a portion of
their Traditional IRA or employersponsored plan to a Roth IRA in
2010. Some of the advantages may
include tax-free distributions, and no
required minimum distributions or
age and income limitations. Experts
are saying this legislative change may
become the single most powerful
estate building and wealth transfer
vehicle. Investors should discuss
tax-related strategies with a qualified
tax advisor.
5
Re-Engineering Retirement–Learn
a simplified approach to your
retirement income needs
Through the re-engineering process,
you can become educated about
some of the complex issues related
to retirement, including: Three types
of retirement income needs; Seven
sources of retirement income; Five
options that connect resources to
retirement needs.
In addition, you’ll learn about
Legacy and the strategies for making
the most out of what you leave
behind for your family or favorite
charity. We’ll give you all the tools
to help you get started today on
your retirement income strategies
for tomorrow.
There is no guarantee that the strategies discussed
will be successful. Securities, advisory services, and
insurance products offered through LPL Financial
and its affiliates, a Registered Investment Advisor,
Member FINRA/SIPC. Hudson Valley Federal Credit
Union is not a registered broker/dealer and is not
affiliated with LPL Financial. This presentation is
designed to provide general information on the
subjects covered pursuant to IRS Circular 230, it is
not, however, intended to provide specific legal or tax
advice and cannot be used to avoid tax penalties or to
promote, market, or recommend any tax plan or
arrangement. Please note that Allianz Life Insurance
company of North America, its affiliated companies,
and their representatives do not give any legal or tax
advice. You are encouraged to consult your tax
advisor or attorney.
Not NCUA Insured | No Credit Union Guarantee |
May Lose Value
Investments are not deposits, are not obligations of
the credit union, are not NCUA insured, have no
credit union guarantee, are not guaranteed by any
federal government agency, or by any affiliated entity.
Investments involve risks, including the possible loss
of principal. HVFCU Financial Services Consultants
are registered representatives of and securities and
insurance products are offered through LPL Financial
and its affiliates, Member FINRA/SIPC.
HUDSON VALLEY
FEDERAL CREDIT UNION
PRIVACY POLICY NOTICE
We at HVFCU and CUSERVE, Inc. are
committed to protecting the privacy of
each member’s financial information
consistent with state and federal laws. To
that end, we maintain physical,
electronic, and procedural safeguards at
all times that comply with federal
regulations to guard your non-public
personal information while you conduct
business via the Internet, ATM networks,
wire services, telephone, the U.S. mail,
and other means of communication.
Occasionally, we will supply third-party
vendors with information we collect
regarding our members, in order to
extend offers that may benefit the
membership, such as offers of credit,
investments, or insurance products. We
will not sell, or otherwise provide,
member information to telemarketing
firms. The information we may share
with these third-party vendors may be
collected from the following sources:
information we receive from you on
membership, deposit, and loan account
applications (paper and online) or other
forms or information created as a result
of you being a member of HVFCU or a
customer of CUSERVE, Inc.; information
about your transactions with us such as
your payment history and credit card
usage; and information we receive from
consumer reporting agencies such as
credit history. We may also disclose nonpublic information about you to nonaffiliated third parties, as permitted or
required by law. We restrict access to
nonpublic information about you to
those employees who need to know that
information to provide products and
services to you.
Featured Rates
HVFCU Directory
Home Equity Line of Credit
CONSUMER
Introductory LOAN RATES
Variable Rate
rates asFixed
low as Rate
2.99
as low as
%
APR1
First Six Billing Cycles
New Auto, Truck, Van
Used Auto, Truck, Van
s No Equity
ClosingLOC
Costs3
Home
s No Points
s Loans up to $250,000
4.25
%
Fixed
APR
4.90 2,3
5.15 2,3
N/A
Variable 2
APR
APR1
Thereafter5.80
2,3
5.80 2,3
4.00 2,3,4
APR = Annual Percentage Rate.
1. Annual Percentage Rate (APR) is subject to increase.
2. Rates for this product are as low as stated and are effective as of 3/6/10. Rate is based
on an evaluation of applicant credit. Rate is also based on the selected term and loan
to value for vehicle loans. An evaluation of applicant credit determines the total
amount financed, term and whether MSRP or Factory Invoice is used for new vehicle
1)values.
APR=Annual
Percentage
Rate.The
introductory
rate Invoice
will be in
the
Values are
determined
from either
MSRP orfixed
Factory
foreffect
new vehicles
first six billing cycles after your account is opened, whether or not funds have been
and NADA
book
value
for used
vehicles.
YourThereafter,
rate and total
financedthe
may
advanced
from
your
account
during
that time.
theamount
rate, including
rate
onvary
anyfrom
existing
balance,
to the
applicable
Variable
below.
the stated
ratewill
andconvert
maximum
financing.
Rate
is also Rate
baseddescribed
on the selected
Offer may be withdrawn at any time. 2) APR=Annual Percentage Rate. Variable Rate:
term for
for this
home
equityare
loan
of credit.
Your
rate
may
vary
from
statedrate.
rate.
Rates
product
asand
lowlines
as stated.
Your
rate
may
vary
from
thethe
stated
are subject
change monthly
based
on the highest
publishedthat
Wall
Street
3.Rates
The rate
stated istodiscounted
by .25%
and includes
a requirement
loan
Journal Prime Rate in effect on the fifth to last business day of the month. The Prime
payments
automatically
transferred
fromby
your
or checking
account
Rate
is thenare
added
to the margin,
determined
an savings
evaluation
of applicant
credit and
total amount financed, to calculate the APR. The APR will never increase more than
for the life of the loan. The monthly payment is not decreased as a result of this
2% per year and will never be less than 4% or more than 18%. Rate information is
accurate
as ofrate.
3/1/10
is subjectrate
to change.
Call to
HVFCU
Information
Center (800discounted
Theand
discounted
only applies
new loans
and newly
468-3011) for current rate information. 3 ) Closing costs associated with this product
refinanced loans from another lender.
are waived, provided loan is maintained for a minimum of three years. HVFCU will
for property
credit line
report,
flood certification,
attorney fee,
mortgage
4.pay
Maximum
rate appraisal,
for home equity
of credit
is 18%. Homeowners
insurance
required.
tax, recording fee, and title search. Borrower is responsible for both homeowners and
flood insurance.
ViewINTRODUCTORY
all our current deposit
and loan
rates MAY
online 28,
at hvfcu.org.
OFFER
ENDS
2010
Holiday Schedule
All branches will be closed:
Monday, May 31 | Memorial Day
Monday, July 5 | Independence Day
Directors & Officers
T. S. Jones, Chairman
Joseph E. Eppich, 1st Vice Chairman
Takao Inouye, 2nd Vice Chairman
David S. Bagley, Treasurer
Henry J. Rodgers, Jr., Asst. Treasurer
Larry J. Prescott, Secretary
Lynn R. Fielitz, Director
Noreen Hennessy, Director
Gabriel B. Roy, Director
Jan. B. Mahar, Director Emeritus
Ralph E. Plant, Director Emeritus
Supervisory Committee
William J. Mulvey, Chairman
Kathleen A. Dispensa, Secretary
Stephen M. Caswell, Member
Nancy Kappler-Foster, Member
Noreen Hennessy, Member
Jeffrey S. Battistoni, Assoc. Member
Elinor Speckman, Assoc. Member
President/CEO
Mary D. Madden
Branches
Monday-Friday 8:30-7:00
& Saturday 9:00-5:00
4 Tucker Drive, Arlington
324 Main Street, Beacon
449 Route 9, Dutchess Mall, Fishkill
415 Route 376, Hopewell Junction
4011 Albany Post Road, Hyde Park
1639 Ulster Avenue, Kingston
Route 211, Fairgrounds Plaza,
Middletown
953 Route 300, Newburgh
265 Windsor Highway, New Windsor
12 North Avenue, Pleasant Valley
159 Barnegat Road, Poughkeepsie
11 Marshall Road, Wappingers Falls
HVFCU ATMs
All HVFCU Branches
Adams Fairacre Farms,
Route 44, Poughkeepsie
Blue Cross/Blue Shield, Middletown*
Gap/Old Navy Distribution Center,
Fishkill*
Mohonk Mountain House, New Paltz
1810 South Road, Nine Mall,
Wappingers Falls
Poughkeepsie IBM Bldg. 052*
East Fishkill IBM Bldgs. 300, 323*
Vassar Brothers Medical Center,
Poughkeepsie
*Employee accessible only
24-Hour Drive-up ATMs
Arlington, Fishkill, Hopewell
Junction, Hyde Park, Kingston,
Middletown, Newburgh, New
Windsor, Pleasant Valley, &
Poughkeepsie Branches
Bridgeview Plaza, Route 9W, Highland
1810 South Road, Nine Mall,
Wappingers Falls
Online Services
hvfcu.org
Telephone
845.463.3011/800.468.3011
TDD (for hearing impaired)
845.463.1709
Supervisory Committee
845.463.6934/800.468.3011
Mailing Address
159 Barnegat Road, Poughkeepsie,
NY 12601
Monday-Friday 8:30-5:30
Monday-Friday 8:00-4:00
Stay in the know with
our eNewsletter
Get the latest news and information on special offers, events,
and seminars, plus consumer information that’s pertinent to
your financial well-being. Visit hvfcu.org and subscribe to
our electronic newsletter.
6
❖
A QUARTERLY PUBLICATION OF HUDSON VALLEY FEDERAL CREDIT UNION
Online Banking And
BEYOND.
Managing Your Finances In The 21st Century.
The digital age has not only changed our personal lives, but our
business and financial lives as well. The days of being limited to a
desktop computer are over, and even laptops (a novelty not that
long ago) are being replaced by netbooks, web-enabled cell
phones, and PDAs that can go anywhere and do just about
anything. Here at HVFCU, we’re excited about finding ways to
put today’s technology to good use with electronic services to
help you access your accounts and manage your money 24/7.
One great idea leads to another
The financial community quickly caught on to the potential of
electronic banking, and innovations continue to keep coming year
after year. A wide variety of online services are now available for
HVFCU members via our website, including: Internet Banking
and Bill Pay; account and loan applications; account and
transaction alerts; electronic newsletters; electronic statements;
live chat (via our website); check reordering; credit card account
access; credit and debit counseling through BALANCE; and
much more.
The benefits are clear
With real-time information always available, you can monitor
your accounts or conduct transactions on the go. Our electronic
services are accessible anywhere you happen to be, with no need
to travel to a branch. In addition to conserving your valuable time,
these environmentally friendly services also conserve natural
resources such as gasoline and paper by saving you a trip to a
branch, and by reducing or eliminating forms.
1 Civic Center Plaza, Poughkeepsie
If you prefer that we not disclose nonpublic personal information about you to
affiliated third parties, you may opt out of
those disclosures, that is, you may direct
us not to make those disclosures (other
than disclosures permitted by law). If you
wish to opt out of disclosures to affiliated
third parties, you may check the
appropriate opt-out selection on the
Master Membership Account Application
when establishing membership or you
may contact us by calling 845.463.3011
or toll-free 800.468.3011.
SPRING 2010
IBM Buildings 320, 330, 416, 705*
*Employee accessible only.
705 closed 1:30 pm to 2:00 pm.
845.463.3011 | 800.468.3011 | hvfcu.org
FEDERALLY INSURED BY NCUA
Security is our top priority
We understand the importance of keeping your information safe
and sound. Our Internet Banking is protected by the latest
security protocols, including Multi-Factor Authentication (MFA).
MFA enhances the security of your Internet Banking access
through the use of security codes, questions, and images that
protect your online access from computer hackers and identity
thieves. Your online banking sessions have layers of protection,
beyond your user name and password. So you can rest easy that
your information is well-protected.
Whether you are out of town, busy at work, or enjoying a relaxing
day off, your HVFCU accounts are right at your fingertips. If your
life is easier as a result, that’s no accident. Visit hvfcu.org and
click on eServices or stop by your nearest branch to learn more.
Your Card Is Waiting
Visit your local dealership to get a $20 Exxon-Mobil gas
card. Finance your vehicle through us and upgrade to a
$50 Visa Gift Card! Visit our website for details.
118190.SharedInterests.NL.2.10
3/30/10
3:50 PM
Page 1
Free Seminars To Help You
BUILD, RECOVER, And
PROTECT Your Investments.
To RSVP, visit hvfcu.org or call 845.463.3366.
Outlook 2010
During the first half of 2010 the
markets are likely to continue to
perform well as they have through
the latter half of 2009. Headwinds
may emerge to create a more
challenging environment for
investors. A more tactical approach
to investing will be important to
maintaining the path to long-term
financial independence. Join us for
an informative seminar to understand
how the markets will likely perform
in 2010. Alternative strategies will be
discussed. Investing in alternative
investments may not be suitable for
all investors and involve special
risks such as risk associated with
leveraging the investment, potential
adverse marketing forces,
regulatory changes and potential
illiquidity. There is no assurance
that the investment objectives will
be attained.
The Roth IRA in 2010 – Focused
on America’s New Tax Break
Converting to a Roth IRA brings new
opportunity for all in 2010. Anyone,
regardless of income level, will be
eligible to convert all or a portion of
their Traditional IRA or employersponsored plan to a Roth IRA in
2010. Some of the advantages may
include tax-free distributions, and no
required minimum distributions or
age and income limitations. Experts
are saying this legislative change may
become the single most powerful
estate building and wealth transfer
vehicle. Investors should discuss
tax-related strategies with a qualified
tax advisor.
5
Re-Engineering Retirement–Learn
a simplified approach to your
retirement income needs
Through the re-engineering process,
you can become educated about
some of the complex issues related
to retirement, including: Three types
of retirement income needs; Seven
sources of retirement income; Five
options that connect resources to
retirement needs.
In addition, you’ll learn about
Legacy and the strategies for making
the most out of what you leave
behind for your family or favorite
charity. We’ll give you all the tools
to help you get started today on
your retirement income strategies
for tomorrow.
There is no guarantee that the strategies discussed
will be successful. Securities, advisory services, and
insurance products offered through LPL Financial
and its affiliates, a Registered Investment Advisor,
Member FINRA/SIPC. Hudson Valley Federal Credit
Union is not a registered broker/dealer and is not
affiliated with LPL Financial. This presentation is
designed to provide general information on the
subjects covered pursuant to IRS Circular 230, it is
not, however, intended to provide specific legal or tax
advice and cannot be used to avoid tax penalties or to
promote, market, or recommend any tax plan or
arrangement. Please note that Allianz Life Insurance
company of North America, its affiliated companies,
and their representatives do not give any legal or tax
advice. You are encouraged to consult your tax
advisor or attorney.
Not NCUA Insured | No Credit Union Guarantee |
May Lose Value
Investments are not deposits, are not obligations of
the credit union, are not NCUA insured, have no
credit union guarantee, are not guaranteed by any
federal government agency, or by any affiliated entity.
Investments involve risks, including the possible loss
of principal. HVFCU Financial Services Consultants
are registered representatives of and securities and
insurance products are offered through LPL Financial
and its affiliates, Member FINRA/SIPC.
HUDSON VALLEY
FEDERAL CREDIT UNION
PRIVACY POLICY NOTICE
We at HVFCU and CUSERVE, Inc. are
committed to protecting the privacy of
each member’s financial information
consistent with state and federal laws. To
that end, we maintain physical,
electronic, and procedural safeguards at
all times that comply with federal
regulations to guard your non-public
personal information while you conduct
business via the Internet, ATM networks,
wire services, telephone, the U.S. mail,
and other means of communication.
Occasionally, we will supply third-party
vendors with information we collect
regarding our members, in order to
extend offers that may benefit the
membership, such as offers of credit,
investments, or insurance products. We
will not sell, or otherwise provide,
member information to telemarketing
firms. The information we may share
with these third-party vendors may be
collected from the following sources:
information we receive from you on
membership, deposit, and loan account
applications (paper and online) or other
forms or information created as a result
of you being a member of HVFCU or a
customer of CUSERVE, Inc.; information
about your transactions with us such as
your payment history and credit card
usage; and information we receive from
consumer reporting agencies such as
credit history. We may also disclose nonpublic information about you to nonaffiliated third parties, as permitted or
required by law. We restrict access to
nonpublic information about you to
those employees who need to know that
information to provide products and
services to you.
Featured Rates
HVFCU Directory
Home Equity Line of Credit
CONSUMER
Introductory LOAN RATES
Variable Rate
rates asFixed
low as Rate
2.99
as low as
%
APR1
First Six Billing Cycles
New Auto, Truck, Van
Used Auto, Truck, Van
s No Equity
ClosingLOC
Costs3
Home
s No Points
s Loans up to $250,000
4.25
%
Fixed
APR
4.90 2,3
5.15 2,3
N/A
Variable 2
APR
APR1
Thereafter5.80
2,3
5.80 2,3
4.00 2,3,4
APR = Annual Percentage Rate.
1. Annual Percentage Rate (APR) is subject to increase.
2. Rates for this product are as low as stated and are effective as of 3/6/10. Rate is based
on an evaluation of applicant credit. Rate is also based on the selected term and loan
to value for vehicle loans. An evaluation of applicant credit determines the total
amount financed, term and whether MSRP or Factory Invoice is used for new vehicle
1)values.
APR=Annual
Percentage
Rate.The
introductory
rate Invoice
will be in
the
Values are
determined
from either
MSRP orfixed
Factory
foreffect
new vehicles
first six billing cycles after your account is opened, whether or not funds have been
and NADA
book
value
for used
vehicles.
YourThereafter,
rate and total
financedthe
may
advanced
from
your
account
during
that time.
theamount
rate, including
rate
onvary
anyfrom
existing
balance,
to the
applicable
Variable
below.
the stated
ratewill
andconvert
maximum
financing.
Rate
is also Rate
baseddescribed
on the selected
Offer may be withdrawn at any time. 2) APR=Annual Percentage Rate. Variable Rate:
term for
for this
home
equityare
loan
of credit.
Your
rate
may
vary
from
statedrate.
rate.
Rates
product
asand
lowlines
as stated.
Your
rate
may
vary
from
thethe
stated
are subject
change monthly
based
on the highest
publishedthat
Wall
Street
3.Rates
The rate
stated istodiscounted
by .25%
and includes
a requirement
loan
Journal Prime Rate in effect on the fifth to last business day of the month. The Prime
payments
automatically
transferred
fromby
your
or checking
account
Rate
is thenare
added
to the margin,
determined
an savings
evaluation
of applicant
credit and
total amount financed, to calculate the APR. The APR will never increase more than
for the life of the loan. The monthly payment is not decreased as a result of this
2% per year and will never be less than 4% or more than 18%. Rate information is
accurate
as ofrate.
3/1/10
is subjectrate
to change.
Call to
HVFCU
Information
Center (800discounted
Theand
discounted
only applies
new loans
and newly
468-3011) for current rate information. 3 ) Closing costs associated with this product
refinanced loans from another lender.
are waived, provided loan is maintained for a minimum of three years. HVFCU will
for property
credit line
report,
flood certification,
attorney fee,
mortgage
4.pay
Maximum
rate appraisal,
for home equity
of credit
is 18%. Homeowners
insurance
required.
tax, recording fee, and title search. Borrower is responsible for both homeowners and
flood insurance.
ViewINTRODUCTORY
all our current deposit
and loan
rates MAY
online 28,
at hvfcu.org.
OFFER
ENDS
2010
Holiday Schedule
All branches will be closed:
Monday, May 31 | Memorial Day
Monday, July 5 | Independence Day
Directors & Officers
T. S. Jones, Chairman
Joseph E. Eppich, 1st Vice Chairman
Takao Inouye, 2nd Vice Chairman
David S. Bagley, Treasurer
Henry J. Rodgers, Jr., Asst. Treasurer
Larry J. Prescott, Secretary
Lynn R. Fielitz, Director
Noreen Hennessy, Director
Gabriel B. Roy, Director
Jan. B. Mahar, Director Emeritus
Ralph E. Plant, Director Emeritus
Supervisory Committee
William J. Mulvey, Chairman
Kathleen A. Dispensa, Secretary
Stephen M. Caswell, Member
Nancy Kappler-Foster, Member
Noreen Hennessy, Member
Jeffrey S. Battistoni, Assoc. Member
Elinor Speckman, Assoc. Member
President/CEO
Mary D. Madden
Branches
Monday-Friday 8:30-7:00
& Saturday 9:00-5:00
4 Tucker Drive, Arlington
324 Main Street, Beacon
449 Route 9, Dutchess Mall, Fishkill
415 Route 376, Hopewell Junction
4011 Albany Post Road, Hyde Park
1639 Ulster Avenue, Kingston
Route 211, Fairgrounds Plaza,
Middletown
953 Route 300, Newburgh
265 Windsor Highway, New Windsor
12 North Avenue, Pleasant Valley
159 Barnegat Road, Poughkeepsie
11 Marshall Road, Wappingers Falls
HVFCU ATMs
All HVFCU Branches
Adams Fairacre Farms,
Route 44, Poughkeepsie
Blue Cross/Blue Shield, Middletown*
Gap/Old Navy Distribution Center,
Fishkill*
Mohonk Mountain House, New Paltz
1810 South Road, Nine Mall,
Wappingers Falls
Poughkeepsie IBM Bldg. 052*
East Fishkill IBM Bldgs. 300, 323*
Vassar Brothers Medical Center,
Poughkeepsie
*Employee accessible only
24-Hour Drive-up ATMs
Arlington, Fishkill, Hopewell
Junction, Hyde Park, Kingston,
Middletown, Newburgh, New
Windsor, Pleasant Valley, &
Poughkeepsie Branches
Bridgeview Plaza, Route 9W, Highland
1810 South Road, Nine Mall,
Wappingers Falls
Online Services
hvfcu.org
Telephone
845.463.3011/800.468.3011
TDD (for hearing impaired)
845.463.1709
Supervisory Committee
845.463.6934/800.468.3011
Mailing Address
159 Barnegat Road, Poughkeepsie,
NY 12601
Monday-Friday 8:30-5:30
Monday-Friday 8:00-4:00
Stay in the know with
our eNewsletter
Get the latest news and information on special offers, events,
and seminars, plus consumer information that’s pertinent to
your financial well-being. Visit hvfcu.org and subscribe to
our electronic newsletter.
6
❖
A QUARTERLY PUBLICATION OF HUDSON VALLEY FEDERAL CREDIT UNION
Online Banking And
BEYOND.
Managing Your Finances In The 21st Century.
The digital age has not only changed our personal lives, but our
business and financial lives as well. The days of being limited to a
desktop computer are over, and even laptops (a novelty not that
long ago) are being replaced by netbooks, web-enabled cell
phones, and PDAs that can go anywhere and do just about
anything. Here at HVFCU, we’re excited about finding ways to
put today’s technology to good use with electronic services to
help you access your accounts and manage your money 24/7.
One great idea leads to another
The financial community quickly caught on to the potential of
electronic banking, and innovations continue to keep coming year
after year. A wide variety of online services are now available for
HVFCU members via our website, including: Internet Banking
and Bill Pay; account and loan applications; account and
transaction alerts; electronic newsletters; electronic statements;
live chat (via our website); check reordering; credit card account
access; credit and debit counseling through BALANCE; and
much more.
The benefits are clear
With real-time information always available, you can monitor
your accounts or conduct transactions on the go. Our electronic
services are accessible anywhere you happen to be, with no need
to travel to a branch. In addition to conserving your valuable time,
these environmentally friendly services also conserve natural
resources such as gasoline and paper by saving you a trip to a
branch, and by reducing or eliminating forms.
1 Civic Center Plaza, Poughkeepsie
If you prefer that we not disclose nonpublic personal information about you to
affiliated third parties, you may opt out of
those disclosures, that is, you may direct
us not to make those disclosures (other
than disclosures permitted by law). If you
wish to opt out of disclosures to affiliated
third parties, you may check the
appropriate opt-out selection on the
Master Membership Account Application
when establishing membership or you
may contact us by calling 845.463.3011
or toll-free 800.468.3011.
SPRING 2010
IBM Buildings 320, 330, 416, 705*
*Employee accessible only.
705 closed 1:30 pm to 2:00 pm.
845.463.3011 | 800.468.3011 | hvfcu.org
FEDERALLY INSURED BY NCUA
Security is our top priority
We understand the importance of keeping your information safe
and sound. Our Internet Banking is protected by the latest
security protocols, including Multi-Factor Authentication (MFA).
MFA enhances the security of your Internet Banking access
through the use of security codes, questions, and images that
protect your online access from computer hackers and identity
thieves. Your online banking sessions have layers of protection,
beyond your user name and password. So you can rest easy that
your information is well-protected.
Whether you are out of town, busy at work, or enjoying a relaxing
day off, your HVFCU accounts are right at your fingertips. If your
life is easier as a result, that’s no accident. Visit hvfcu.org and
click on eServices or stop by your nearest branch to learn more.
Your Card Is Waiting
Visit your local dealership to get a $20 Exxon-Mobil gas
card. Finance your vehicle through us and upgrade to a
$50 Visa Gift Card! Visit our website for details.