HOME SWEET LOAN - Guardians Credit Union

JANUARY 2015
HOW MUCH MONEY
WILL YOU NEED IN
RETIREMENT?
A Q U A R T E R LY P U B L I C A T I O N F O R T H E M E M B E R S O F G U A R D I A N S C R E D I T U N I O N
HAVE YOU UNDERESTIMATED?
A Q U A R T E R LY P U B L I C A T I O N F O R T H E M E M B E R S O F P B C C R E D I T U N I O N
BY JACK RAMSAY
What is enough? If you’re considering
retiring in the near future, you’ve probably
heard or read that you need about 70% of
your end salary to live comfortably in retirement. This estimate is frequently repeated…
but that doesn’t mean it is true for everyone.
It may not be true for you. Consider the
following factors:
Health. Most of us will face a major health
problem at some point in our lives. Think, for
a moment, about the costs of prescription
medicines, and recurring treatment for
chronic ailments. These costs can really take
a bite out of retirement income, even with a
great health care plan.
Heredity. If you come from a family where
people frequently live into their 80s and 90s,
you may live as long or longer. Imagine
retiring at 55 and living to 95 or 100. You
would need 40-45 years of steady retirement
income.
Portfolio. Many people retire with investment portfolios they haven’t reviewed in
years, with asset allocations that may no
longer be appropriate. New retirees sometimes carry too much risk in their portfolios,
with the result being that the retirement
income from their investments fluctuates
wildly with the vagaries of the market.
Other retirees are super-conservative
investors: their portfolios are so risk-averse
that they can’t earn enough to keep up with
even moderate inflation, and over time,
they find they have less and less purchasing
power.
Will you have enough? When it comes to
retirement income, a casual assumption may
prove to be woefully inaccurate. You won’t
learn how much retirement income you’ll
need by reading this article. Consider meeting with a qualified financial professional who
can help estimate your lifestyle needs and
short-term and long-term expenses.
HOME SWEET
LOAN
SHRED
C U HOME
FEST
ADVANTAGE
SATURDAY,
P R7TH
OGRAM
FEB.
9:00
a.m.–12:00
Selling
your p.m.
home? Buying new?
Jack Ramsay may be reached at
561-686-4006, ext. 1120 or [email protected]
Take advantage
of our
realty
PBCCU’s
West Palm Beach
Office
rebate program -
20
%
3469 Summit Blvd.
West Palm Beach, Florida
Bring all of those confidential documents
you’ve
meaning
to shred and have
backbeen
in your
wallet!
them shredded for FREE! Paper only,
please. Cardboard cannot be accepted
Find out more by visiting CU
for shredding.
Spending habits. Do you only spend 70% of
your salary? Probably not. If you’re like
many Americans, you probably spend 90%
or 95% of it. Will your spending habits
change drastically once you retire? Again,
probably not.
Members Mortgage or call
Voluntary
donationsext.
WILL1159
be accepted
561-686-4006
and placed in PBC Credit Union’s Charity
Fund which supports local charities.
REFRESHMENTS WILL BE SERVED!
This material was prepared by MarketingLibrary.Net Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information should not be construed
as investment, tax or legal advice. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy.
YOU’RE INVITED!
BY THE
NUMBERS
AS OF FEBRUARY 29,
2016
West Palm Beach Office
3469 Summit Blvd., West Palm Beach, FL 33406
Boynton Beach Office
1301 N. Congress Ave., Boynton Beach, FL 33426
Ft. Pierce Office
2620 South US 1, Ft. Pierce, FL 34982
27,568
TOTAL MEMBERS
Lake Worth Office
120 N. Federal Hwy., #105, Lake Worth, FL 33460
(LOBBY ONLY, NO DRIVE-THRU)
LOBBY HOURS
$137,207,235
TOTAL ASSETS
DRIVE-THRU HOURS
M–TH: 10a.m.– 5 p.m. M, TU, TH: 8 a.m.– 5:30p.m.
FR: 9 a.m.– 6 p.m.
W: 10 a.m.– 5:30 p.m.
SA-SU: Closed
FR: 7:30 a.m.– 6 p.m.
SA: 9 a.m.– 12:00 p.m.
SU: Closed
SHRED
YOU’RE
FEST
INVITED!
Royal Palm Beach Office
10469 Southern Blvd., Royal Palm Beach, FL 33411
(LOBBY ONLY, NO DRIVE-THRU)
LOBBY HOURS
MORTGAGE LOANS
M, TU, TH, FR: 9a.m.– 5 p.m.
W: 10 a.m.– 4 p.m.
SA-SU: Closed
100%
1.50%
APR 84 MONTHS
Home ownership. There's nothing sweeter. The gift of getting
RATES AS LOW AS
CU Center
*
8895 N. Military Trail, Suite 101-D
Palm Beach Gardens, FL 33410
LOBBY HOURS
M,TU,TH,FR: 9 a.m.– 5 p.m.
W: 10 a.m.– 4 p.m.
SA-SU: Closed
/GuardiansCreditUnion
GuardiansCU.coop or 561-686-4006
TERMS UP TO
DRIVE-THRU HOURS
M, TU, TH, FR: 8 a.m. – 6 p.m.
W: 10 a.m. – 5 p.m.
SA: 9 a.m. – 1:00 p.m.
SU: Closed
Federally insured
by NCUA
FINANCING IS AVAILABLE
APRILANNUAL
30
62ND
9 a.m. - 12 p.m.
MEETING
Join
us for
this Beach
year’s annual
West
Palm
Officemeeting as
we3469
honor
62 yearsBlvd.
of providing you, our
Summit
Westmember-owners,
Palm Beach, Florida
valued
quality service
you’ve come to expect from the credit
Bringyou
all of
those confidential
union
trust.
documents you’ve been meaning to
your keys
fortoday
the first
is acar
feeling
no other. with
Even after
Hurry!
Apply
fortime
a new
loan,like
or refinance
you've
been in
your home
for agreat
long time,
it keeps getting
us
to receive
a rebate
or other
rate incentives!
sweeter as youor
grow
equity (After the or
laststop
8 years,
pbccu.coop
1-800-834-3495
by it's
anynice to
PBCCU
location.
have thatbranch
happening
again!). Inside this issue are ways we can
Saturday,
February
14, 2015
shred and
have them
shredded for FREE!
help you buy
your
first orbe
next
home, asthe
well vehicle
as how we can help
You
could
driving
Come
your
opportunity
toonly,
address
This for
event
is for
consumers
no
the
Board andshredding
management
with
any
commercial
will be
offered.
concerns or suggestions. Plus, all members
who
are seated by 10:30
willBEbeSERVED!
eligible for
REFRESHMENTS
WILL
a door prize. Don’t miss it!
you unlock
the power
of a home
equity
line of
credit.
of your
dreams
sooner
than
you
think!
*Annual Percentage Rate. Rates, terms and conditions are subject to change without notice.
Rates range from 1.50% A.P.R. to 17.75% A.P.R.
Preferring Better Choices
On Duty for You
TM
Paper only, please. Cardboard cannot be
accepted
10:00
a.m. for shredding. Voluntary
donations WILL be accepted and placed
Clayton
Hutcheson
Hall Fund
in Guardians
CreditExhibition
Union’s Charity
which
supports
559
North
Militarylocal
Trailcharities.
West Palm Beach, FL
We are only accepting recyclable paper
to shred with a maximum of 2 boxes.
/pbccu
/GuardiansCreditUnion
GE?
A
G
T
U!
R
O
O
Y
M
A
R
O
D
E
F
NE
N DUTY
WE'RE O
ing to
are look wer your
buyer or
ns
e
a
l
m
il
o
w
h
p along
rst-time gage specialists
fi
a
re
a
a
e ch ste
u
h
rt
o
g
o
y
u
m
r
ro
e
r
u th
Wheth
ome, ou
guide yo
e your h
vice and
d
a
refinanc
u
o
y
s, give
available
question
L—
IL
g is still
W
in
c
n
A
a
n
G
.
fi
y
A
th
EPaARIN
PeRw
L nSpEaSySmIOenNt? FH
NdA
IO
ow
T
A
C
w
U
lo
a
D
,
r
E
ach Office
oking fo
oN
s available
LA
dowCnU. ’s West Palm Be
n
%
io
t
5
p
s
o
a
f
le
C
o
PB
as litt
159.
oulevard
ariety
withsd
Sunmtm
heit aBwchid, FeL v334106-686-4006 ext. 1
46n9 o
3io
Tue ay
5
1
t
0
6
e
2
a
,
B
5
ll
alm
ruary 24infor.m WestrtPg
ill
age or ca
FFoerb m.o–r7e:30 pm
.mbers Mo
st a FREE W
e
.m
sed to ho
p
M
a
6
rn
le
a
U
p
le
C
re
it
to
a
vis
ishing
Union
embers w
needed
BC Credit
P
m
is
d
t
ll
a
n
a
a
h
r
w
fo
ld
a will and
Legal Shie ducational Session
g
to
in
v
e
a
ir
h
t requ d
nE
ge to
plan is no
e advanta
Preparatio
ld
th
,
ie
ls
h
il
S
l
w
a
f
Leg
es o
ent in the
about typ
ing
ill. Enrollm
w
a
in
g
e
soNby visit
oA
to b
canLdO
.
n
ld
io
ie
ss
h
S
se
l
a
is
g U IL D E R on at the
inSLeB
attend th
ers
ng to joG
to do in p
neEcRho/oSsiA V IN
le
o
y
b
n
a
a
d Limited
e
,
b
d
e
o
D
st
ls
ills
a
re
IL
l
W
il
te
U
g
w
edanto help
in
dan is
B
in
n
u
IfR E D IT
iv
o
ig
anlo
L
y
s
s
e
r,
nshe
a
d
O
ll
.
p
is
e
C w.pbccu.coo
uedstitio
adsewr loan
.T
alell cqre
ed
r
e
id
il
v
u
sw
ro
B
n
p
w
s
a
ww
b
l
e
g
ie
wril/l bSavin
se
se,notrwuilnfavora the will for rev
kitild
ey pre
dit
n.dW
itilBl u
iore
rC
Thdeita,ttliottrnle crew
uss
to prepare
s.
Ose
y
e
re
rn
c
o
ereladit fisrm
f Awttith no
core.
ebreors
touth
w
n
o
o
P
c
ti
r
a
m
e
o
rm
m
e:
ill info build y
an includ
ring theuwild or re
uilder Lo
B
ubsed to bbe notarized.
s
g
in
v
a
r/S
and to
0
dit Builde
0–$10,00
f the Cre
o
s
re
tu
nt of $50
a
u
o
Fe
e-mail
m
a
y
b
n
!
r
a
1120 o
staaylo
o
ed
t.
t
u
x
q
e
p
6
re
0
addition
u
0
rs
e
-4
Miegmnb
served in
61) 686
●S
e
(5
b
t
l
a
il
y
w
sa
ts
en
ck Ram
R
. efreshm
SV
rdaJable [email protected]
ffPoto
●RA
’t miss it!
n
y
o
s
sa
D
!
m
th
rd
n
m1o
6r 0
at jackra
0 gift ca
0
to
$
p
u
a
s
fo
U.coop!
Tearm
●to
drawing
uardiansC
OR
JOIN US FF MIND!
PEACE O
IT’S OFFICIAL...
NEW WEBSITE LAUNCHED!
BULLETIN
BOARD
In November 2014, PBCCU launched its fully mobile
responsive website! If you have not yet taken a look,
please do and let us know what you think!
Coming soon…
www.pbccu.coop
Revamped Kids Club
Have a kid age 0-12? Guardians
Credit Union has been working on
an ALL NEW Kids Club that will be
launching this summer. We'll have a
new mascot and new prizes too!
Stay tuned for details in our next
issue.
DIT IS
E
R
C
R
U
G YO
BUILDIN
IM P
Apply by
T
N
A
T
R
O
visiting w
ENTERPRISE WILL APPRAISE
YOUR VEHICLE USING KELLEY BLUE
BOOK® TRADE-IN V ALUE AND
ADD
$500!
1
address? Please make sure to let us
know of any changes in your
personal information.
Holiday Closings:
Bulletin
Board
Memorial Day
Closed
Monday,
MayMember-Owners!
30, 2016
Happy
New Year
All of us at PBCDay
Credit Union wish you
Independence
and Monday,
your family
a very
happy, safe and
Closed
July
4, 2016
prosperous 2015. We thank you for
your membership and look forward to
meeting and exceeding your financial
needs in 2015 and beyond.
MAKE
YOUR
NEW YEAR’S H.S. STUDENT?
HAVE
A
GRADUATING
RESOLUTION TO “SAVE TIME!”
New App Helps Avoid Traffic!
APPLY FOR A $1000 COLLEGE SCHOLARSHIP
PBC Credit Union along with the
We are proud to offer you a wide variety of
convenient products and services that can
Once again,
Guardians
Union
quickly
and easily
connectCredit
you with
youris accepting applications for the Ruth and Lake Lytal
accounts.
services include:
MemorialSuch
Scholarship.
This year, we are awarding a $1000 college scholarship to a lucky
Palm Beach County Sheriff’s Office
announces America’s first all-audio
traffic app! Hear up to the minute
traffic reports from the Palm Beach
County Sheriff’s Office on your Apple
or Android phone. It’s Free—download
today! Visit http://audiotrafficapp.com/
palmbeach/ for more information.
Automatic Payments & Transfers
E-Statements
Applications
are now available at any of our offices or on our website. The deadline for
CU Online
accepting
applications is Friday, May 27, 2016 – they can be returned to any office. The
CU
SERVE
scholarship will be awarded based on academic achievement, community involvement and
CU Billneed.
Pay Good luck!
Holiday Closings
financial
Your time is valuable. We’re here to help. Visit www.pbccu.coopfor
more information on all our convenient services today!
We’ve joined forces with Enterprise Car Sales to bring you great deals on
hand-selected, high quality used vehicles during the Celebrate the New Year
Used Auto Sales Event going on January 1-31, 2015.
DON’T
DELAY!
OFFER GOOD
THROUGH
JANUARY
2015
new phone number and/or e-mail
Have you moved? Do you have a
new phone number and/or e-mail
address? Please make sure to let us
know of any changes in your personal
information.
Coming Soon…Remote Deposits & Mobile Banking!
WITH A SPECIAL TRADE-IN OFFER!
Have you moved? Do you have a
ww.G
qualifying
member.
Direct Deposit
CELEBRATE THE NEW YEAR
Martin Luther King Jr. Birthday
Closed Monday, January 19, 2015
Presidents Day
Closed Monday, February 16, 2015
pbccu.coop or 561-686-4006
GuardiansCU.coop
or 561-686-4006
A HOME EQUITY LINE OF CREDIT CAN SAVE THE DAY.
Heroes
walkyour
among
us every
day.log
In onto
the world of mortgage
loans,
a HELOC Car
is just that. It's a line of revolving credit with an adjustable
Then visit
Enterprise
Visit
local
branch,
interest
rate,
great
for
short-term
borrowing
or
unexpected
expenses.
Like
credit
Sales to see deals availablecards, you're given a limit you can borrow against, you
pbccu.coop or call 1-800-834-3495
can then
choose
when and how
often to borrow money.
on select used vehicles!
to get
pre-approved
today.
479 S. Military Trail, W. Palm Beach / 561-242-5335
IT CAN SAVE YOU INTEREST
It can save you from higher interest on credit cards and personal loans. Right now, our HELOC rate is as low as 4.25%*. What interest
We’re confident you’ll find the car you’re looking for during this sales event. Enterprise sells great cars at competitive prices and
rate are you paying on your credit cards?
each vehicle they sell comes with one of the industry’s best used car warranties. They offer no-haggle pricing and their professional
staff is trained to help members through a low-pressure sales process that puts your needs first.
IT CAN SAVE YOU ON TAXES
1: Kelley Blue Book Trade-In Values used by Enterprise are obtained from © 2014 Kelley Blue Book Co.’s website KBB.com. Kelley Blue Book Trade-In Value is based on accurate condition rating and mileage
It can
saveAccurately
you onappraising
your taxes
by providing
you
a tax
write-off**
onitsthe
Being
in Kelley
the middle
tax season,
too late
to disproof vehicle.
the condition
of the vehicle
is anwith
important
aspect
of determining
Kelleyinterest.
Blue Book Trade-In
Value.
Blue Book of
valuation
adjustmentsit's
for vehicle
mileage
portionate
to
the
age
of
the
vehicle
may
be
capped
by
Enterprise
Car
Sales
at
20%
of
the
vehicle’s
base
value.
If
a
Kelley
Blue
Book
Trade-In
value
is
not
available
for
customer’s
vehicle
Enterprise
will
help you for last year. But, it could save you in the future.
provide a fair and competitive value for customer’s vehicle. Additional trade-in value of $500 is available only on passenger vehicles and light duty trucks, with a Kelley Blue Book Trade-In Value and when a
vehicle is purchased from Enterprise. Customer is responsible to any extent vehicle pay-off exceeds Enterprise offer. Customer must provide required proof of ownership/registration and all other necessary
paperwork to transfer title. Offer only valid on one trade-in for each Enterprise vehicle purchase. Restrictions apply. For details, see an Enterprise Car Sales Manager. Offer void where prohibited including
AK, HI, KY, LA, MD, NE, NM, OK, OR, SC, TX, VA and Washington, D.C. Offer valid from 1/1/15 - 1/31/15. No cash advances. Cannot be combined with any other offers. Used vehicles were previously part
short-term
rental,
or purchased
by Enterprise
from other
sources including
auto auctions,
previous
use there
possibly are
short-term
lease orthat
other.life hits you
of Enterprise
can
save you
when
youand/or
getlease
in afleet
pinch
with an
unexpected
expense.
Medical
bills, awith
car
repair,
lots rental,
of times
IT CAN SAVE YOU, IN AN EMERGENCY
It
with something unexpected. A HELOC could help save the day.
4.9% APR
Many people have never experienced the many benefits of having a HELOC around to help you. Have you?
NOW THROUGH
Additionally, our credit card offers:
FEBRUARY 28, 2015
*
• Credit limit $300 to $30,000
Visit any one of our branches
to findTRANSFERS
out more and
• Noapply.
fees for balance transfers
ON BALANCE
TRANSFER
HIGHER RATE
CREDIT CARD
BALANCES
AND SAVE!
FOR THE LIFE OF THE LOAN
PLUS, NEW PURCHASES
RATES AS LOW AS
8.9%
*APR = As Low As Annual Percentage Rate.
**Consult a tax advisor regarding deductibility of interest.
FIXED
APR **
or cash advances
• 24/7 online and phone access
• Zero fraud liability
• No punitive interest rates
• W ithdraw cash at ATMs
displaying the VISA emblem
• Free auto rental insurance
when you use our credit card
Plus, you can choose your rewards:
1 CASH BACK – 1% cash back on purchases (net), shown
on monthly statement, credited quarterly.***
Interest rate based on the combined loan to value (CLTV). Financing available up to 80%. Certain
restrictions
may
apply. NO–CLOSING
COSTS
on Home
2 credit
REWARDS
BONUS
POINTS
One point
earned
for Equity
loans when you borrow $50,000 or more upon loan closing. Home Equity loans are available up to $250,000. Title insurance is required for loans in excess of $100,000.
AND NO ANNUAL FEE!
every $1 spent (net) redeemable for merchandise and travel
Variable rate. Tied to the Wall Street Journal Prime Lending Rate plus a margin. If applicable, however, under no circumstances will the annual rate go below 4.25% for
the term of the loan. The margin is determined by credit risk factors at time of closing. Adjusts quarterly. Maximum cap is 18% APR. Payment option is a percentage of
*A.P.R. =based
Annual on
Percentage
Rate.
Payments are first
applied
balances
with
the highest
A.P.R.
Credit up
qualification
required.
A.P.R.
Interest
Rate
applies to balance
the balance
a 15 year
amortization.
Total
loantoterm
is 20
years,
which
is made
of a 5 year
draw**4.9%
period
and
a loan
amortization
of 15transfers
years.made between
January 1–February 28, 2015 and will remain in effect until transferred balance is paid in full. ***Disclosed A.P.R. is for purchases only.
pbccu.coop oror561-686-4006
GuardiansCU.coop
561-686-4006