0-NEFCU_News_Apr10:NEFCU News Apr10

0-NEFCU_News_Apr10:NEFCU News Apr10
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11:31 AM
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APRIL 2010
Earn Up to a $500
The Home Depot® Gift Card
Get 4.99% APR* for
12 Months on VISA®
Balance Transfers
Hurry, offer ends April 30, 2010!
1 Promotion runs March 1, 2010 – April 30, 2010. Members will receive their gift cards via mail within 15 business days of loan closing. Only one gift card per loan. Loans
applied during the promotional period must be disbursed by August 31, 2010 to be eligible for a gift card. All stated loan types, rates and terms are based on applicant’s
credit history and are subject to change without notice. Applicants who are not offered the lowest rate and/or term may be offered credit at a higher rate and/or term; not
all applicants may be approved. The Home Depot is a registered trademark of Home TLC, Inc. Nassau Educators Federal Credit Union is not affiliated with The Home Depot®.
2 Mortgage Loans are offered for primary residences located in New York State.
3 Home Equity PowerLoans are made on primary residences located in New York State only. Secondary residences bearing no first mortgage may be eligible. If the
borrower elects to pay the closing costs on the loan, they will receive a .50% discount on the rate. (Sample Home Equity PowerLoan closing costs are $924 on a loan
amount of $100,000.) Consult your tax advisor regarding tax deductibility.
Receive Up to ½% APR* Discount On Our Already
Low Rates at the
Event!
Westbury Branch – Saturday, April 24th from 9AM – 3PM
Join us for this one-day only member event
and receive a ¼% APR* discount on your NEFCU
Vehicle Loan when you purchase a vehicle on the
day of the sale, plus receive an extra ¼% APR*
discount when you get pre-approved for a NEFCU
Vehicle Loan prior to the event.
Enjoy the benefits of on-the-spot NEFCU financing
with rates that are among the lowest in the region
and leave with your vehicle that day! The savings
doesn’t end there - Enterprise will give you the
Blue Book® trade-in value, plus $500!** Call, click
or visit for details!
*APR = Annual Percentage Rate. All loan types, rates and terms are based on applicant’s credit history. Applicants who are not offered the lowest rate or term may be
offered credit at a higher rate or term; not all applicants may be approved. Rate discount is only valid April 24, 2010 on vehicles purchased/disbursed at the event and
is for NEFCU members only. Rate discount is not available on BuyRite Loans or Leases and cannot be combined with any other discount offers.
**Blue Book trade-in value plus $500 offer is sponsored by Enterprise Car Sales; terms and conditions apply, visit www.enterprisecarsales.com for details.
Tired of paying high-interest rates on
credit cards that you have with other
institutions? Now’s the perfect time to
switch! Transfer your high-rate balances
to a NEFCU Platinum VISA Credit
Card and save.
That’s not all – NEFCU VISA Credit
Card rates are among the lowest in
the region - so you’ll also benefit from
rates as low as 9.99% APR** on new
purchases, too. Check out Newsday’s
“Best Credit Card Rates” section and
compare NEFCU’s rates to the banks
and see for yourself!
Call, click or visit before this offer
expires on May 31, 2010!
*APR = Annual Percentage Rate. Promotion runs
March 15, 2010 to May 31, 2010. Stated promotional APR
applied to NEFCU VISA Credit Cards only. Offer does not
apply to Secured cards. Offer does not apply to merchandise
purchases or cash advances using your card. Use of your
card for balance transfers and convenience check transactions
constitutes your agreement to the stated terms, as well as
your account terms as a VISA cardholder.
**Stated Annual Percentage Rate is the lowest rate offered
for the product and is based on individual credit worthiness. Rates
are current as of the date of printing and subject to change
without notice.
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Chairman’s Corner
Which Way Should We Go!
In 1938, NEFCU started out as the Valley
Stream Teachers Federal Credit Union. Over
the intervening 72 years, our Credit Union
expanded and changed to adapt to the
marketplace and the needs of our growing
membership. For the past 20 years, we have
welcomed professionals of all stripes, their
support staffs and families within Nassau
County. Recently, competition in the
financial services industry has been
changing or has changed enough that
NEFCU’s Board and Management must
make decisions as to the direction of NEFCU
that will benefit members in the future.
In the past eighteen months, many of the
larger institutions have received
government funds at fantastically low rates
and are using those funds to compete
against us. Over the past few years, most of
the largest credit unions on Long Island have
converted to community charters which
allow them to serve everyone in clearlydefined geographic areas.
The way in which our Credit Union responds
can have long term effects on the services
and products made available to our
members. It is no secret that economies of
scale allow for a wider range of products
efficiently delivered through more and more
sophisticated channels. At our current size–
we are one of the top 100 credit unions in
the U.S. –we can serve our members well.
As technology changes and new products
get more expensive, this may change unless
we continue to grow.
Only one overriding criterion will guide the
Board and Management in making the
decisions for the future: What course of
action will be best for our members?
Members come first at NEFCU. You can
count on it.
George Plevretes
Chairman of the Board of Directors
e-mail: [email protected]
Understanding IRA
Contribution Limits
NEFCU Offers
Low-Cost Leasing!
A Message from the NEFCU Investment Services Program
It’s that time of the year again to think about
IRA contributions. And for both the 2009 and
2010 tax years, you can contribute up to
$5,000 to a Roth IRA or a Traditional IRA. And
if you’re age 50 or older, you can also make an
additional $1,000 catch-up contribution for
each tax year.
An IRA is one of the best ways for you to
accumulate tax-advantaged retirement
savings. So, you’ll want to make every effort
to contribute the maximum allowed. Roth
IRAs offer withdrawals free from federal tax.
Traditional IRAs offer tax-deferred growth,
and if you qualify the contributions are
tax-deductible.
For more information about IRAs and a free copy
of the booklet, Comparing Your IRA Options,
please contact BillTerri, the NEFCU Investment
Services Representative at 516-714-2052.
Remember the clock is ticking and the
deadline for making your IRA contribution is
fast approaching. The time to move on your
IRA is now.
Representatives are registered, securities are sold and investment advisory services offered through CUNA Brokerage Services, Inc. (CBSI),
member FINRA/SIPC, a registered broker/dealer and investment advisor, 2000 Heritage Way, Waverly, Iowa 50677, toll-free (866) 512-6109.
Nondeposit investment and insurance products are not federally insured, involve investment risk, may lose value and are not obligations of
or guaranteed by the financial institution. CBSI is under contract with the financial institution, through the financial services program,
to make securities available to members.
B2MM-1104-9BE5 (1209)
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(516) 561-0030
NEFCU has partnered with GrooveCar,
the auto buying resource service to offer
members a low-cost Auto Leasing*
program for NEFCU members. This
program offers an affordable no money
down option, low leasing payments and
flexible terms so you can save even
more. Best of all, we have just recently
reduced our Auto Leasing rates, so
you can get more car for your money!
To find our latest leasing specials, visit
www.nassaued.org today!
*All loan types, rates and terms are based on applicant’s credit
history. Lease offers apply to top tier credit applicants only.
Select vehicle models only.
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Get in the Savings Game
with NEFCU Youth Accounts
Help your kids Get in the Savings Game!
Stop by a branch and open a new, first-time
Dollar Dog Kids Club* account for children
ages 10 or younger or Elements Teen Club**
account for pre-teens and teens ages 11-17
during the month of April and receive a
free Scrabble Game† upon account opening.
Plus, stop by a branch during National
Credit Union Youth Week – April 18th-24th
and receive a special free gift in celebration
of this event!
and spending money, and offer a variety of
activities to get kids excited about banking:
■ Free gifts with every in-branch deposit
■ Free newsletters that teach important
money management skills
■ Interactive online fun including puzzles
and games for younger kids as well as
activities, podcasts and blogs for teens
■ Special birthday messages for younger
kids and special events for club members
■ $5 match on first deposit for new
Dollar Dog accounts
■ Free Elements Checking account and
VISA® Debit Card that’s set with a
manageable spending limit for
Elements Club members
Kids Score Big at NEFCU
NEFCU youth accounts are designed with
age-appropriate information about saving
Hurry, this special offer ends April 30, 2010!
For details, visit us online at www.nassaued.org
or stop by any of our conveniently-located
branches or call us at 516-561-0030.
Promotions runs from April 1, 2010 – April 30, 2010. Offers are
subject to change and without notice. Youth accounts require a
$5 initial deposit to set up the account. A parent, legal guardian or
an adult member of the child’s family must be a joint owner on:
*Dollar Dog Kids Share accounts;
**elements checking accounts for teens under age 17.
†Free Scrabble gifts are limited to one per member and only while
supplies last. Free gift must be claimed at a branch no later than one
month from conclusion of promotion.
HASBRO and its logo, SCRABBLE, the distinctive
game board and letter tiles and all associated logos
are trademarks of Hasbro in the United States and
Canada and are used with permission. ©2009 Hasbro.
All Rights Reserved.
Student Scholarship Opportunities Available
NEFCU’s Making a Difference Scholarship Program is back and offers two scholarship options for graduating
high school seniors to earn money for college. Plus, winners of both scholarships have an opportunity to
participate in the Premier Making a Difference Scholarship for a chance to win an additional $20,000
scholarship (paid over four years).
The NEFCU Student Teaching Scholarship is also available and awards up to four $1,000 scholarships to NEFCU
members who are currently student teaching within their education program in a Nassau County College or University.
For more information on how to apply for these scholarships, visit www.nassaued.org.
Let’s Talk Business
Control Costs and Manage Expenses with a NEFCU Business VISA®
As a business owner, you are probably faced
with many challenges and unexpected
expenses, whether it’s paying for materials or
prospecting a new client. With a low rate
NEFCU VISA® Business Platinum
Credit Card* you’ll gain the control of
managing your expenses with a reliable
credit card with:
■ Credit lines up to $60,000
■ No annual, cash advance or balance
transfer fees
■ Employee card with owner-selected limits
■ 25-day interest-free grace period
on purchases
■ CURewards points towards travel,
electronics and more
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Apply online or stop by a branch today!
*All loan types, rates and terms are based on applicant’s credit history.
(516) 561-0030
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Coming Soon to a Cell Phone
Near You: NEFCUmobile
We’re pleased to introduce our new online mobile
banking service, NEFCUmobile. Now you have the ability
to access your account information right from your
cellphone. Best of all - this service is free!* With
NEFCUmobile you can retrieve balance information,
process transfers between accounts, view transaction
history, pay bills, and more!
Coming soon, you can enroll for NEFCUmobile by
visiting www.nassaued.org, clicking on the
NEFCUmobile banner and entering your Home Banking
log in information. During the enrollment process, you’ll
have the choice of selecting which mode you’d prefer to
use: mobile web browsing, text banking or a
downloadable application- so you choose the way you
want to bank. The process only takes a few moments and
before you know it you’ll be using NEFCUmobile instantly!
Important
Dates
■ FRIDAY, APRIL 30TH
Making A Difference Family
Scholarship Application
Deadline
■ SATURDAY, MAY 1ST
Student Teaching Scholarship
Application Deadline
Visit www.nassaued.org for details.
Branch Locations
Westbury
Brookville
Save time and enjoy the benefits of paying your bills online with NEFCU’s secure online Bill Pay
service. Sign up for Bill Pay at www.nassaued.org and earn $10 when you pay seven (7)
bills online during the promotional period*. If you haven’t paid a bill online in 2010, you can
benefit from this special offer, too! Plus, all NEFCU Bill Pay users can sign into Home Banking to
play the SuperSleuth Decoder Game for a chance to win the weekly grand prize of $2,000 or
one of five (5) $100 daily prizes. Hurry, offer ends April 30, 2010!
Promotion runs from March 15, 2010 – April 30, 2010. Promotion and Sweepstakes are sponsored by Digital Insight and open to all eligible entries,
including entries, from members of credit unions other than NEFCU. Employees of NEFCU and their families are not eligible. A $10 deposit will be made to
the member’s account 6-8 weeks following the end of the promotion. Visit www.nassaued.org or stop by a branch for full sweepstakes rules or details.
1000 Corporate Drive • 24-Hour ATM
C.W. Post Campus, LIU, Hillwood
Commons • 24-Hour ATM*
Franklin Square 648 Hempstead Tpke. • 24-Hour ATM
Massapequa
5455 Merrick Road • 24-Hour ATM
New Hyde Park 1636 Marcus Ave. • 24-Hour ATM
Plainview
525 Old Country Road • 24-Hour ATM
Rockville Centre 556 Merrick Road • 24-Hour ATM
Syosset
575 Underhill Blvd. • 24-Hour ATM
Valley Stream 264 East Merrick Road • 24-Hour ATM
Branch Hours
9:00 a.m. to 5:00 p.m.................................Monday–Thursday**
9:00 a.m. to 7:00 p.m.................................Friday
9:00 a.m. to 12:00 noon ............................Saturday
Drive-up Hours(No Drive-up at Syosset, C.W. Post or New Hyde Park)
8:00 a.m. to branch closing........................Monday–Saturday
*C.W. Post Hours:
9:00 a.m. to 4:00 p.m.................................Monday–Friday
**Valley Stream open until 7:00 p.m. on Monday
Call Center
(516) 561-0030 ......(800) 99-NEFCU – outside the LI/NYC area
9:00 a.m. to 7:00 p.m. ..................................Monday and Friday
9:00 a.m. to 5:00 p.m. ........Tuesday, Wednesday, and Thursday
8:30 a.m. to 12:30 p.m. ..................................................Saturday
NEFCU Supports MDA
We’ve teamed up with the Muscular Dystrophy Association
(MDA) to send children living with the disease to a handicapaccessible camp in Spring Valley, NY. Joy of Life Sun Mobiles are available in our
branches now through April 30th if you would like to make a donation.
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eMail Address ...................................... [email protected]
Over 37,000 no-surcharge ATMs worldwide
for Visa Debit cardholders.
Visit www.allpointnetwork.com for complete listing.
Up to 8 ATM withdrawals surcharge free
for NEFCU members per month! Visit www.nassaued.org for
a complete list.
Equal Opportunity Lender
We make loans without regard to race,
color, religion, sex or national origin.
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Online Branch ......................................www.nassaued.org
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(516) 561-0030
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