things are looking up
Transcription
things are looking up
OCTOBER • 2014 THINGS ARE LOOKING UP …with an MCU Auto Loan COLUMBUS DAY SALE OCTOBER 9 — OCTOBER 19 RATES AS LOW AS % 1.45 APR* GET PRE-APPROVED. Call 1-888-4MCU-AUTO or visit nymcu.org today Introducing the new MCU Car Buying Service. Visit nymcu.org/carbuyingservice today! *A PR = Annual Percentage Rate. These rates are available to well-qualified borrowers when payroll deduction or direct deposit is selected as the method of repayment. Some applicants will qualify at higher rates as determined by creditworthiness. For model years 2015-2013, your payments will consist of 60 monthly payments of $17.29 on each $1,000 borrowed at 1.45% APR. For model year 2012, your payments will consist of 60 monthly payments of $17.51 on each $1,000 borrowed at 1.95% APR. Some restrictions apply. Rates will increase after closing if you stop paying your loan by automatic payroll deduction or direct deposit. Rates subject to change without notice. Competitive rates available for older models and refinances. Membership required. Join us in Celebrating International Credit Union Day! It’s that time of year again! Municipal Credit Union would like to invite our members to join us on October 16, 2014 in celebrating the 66th annual International Credit Union Day (ICUD). We are proud to say that the credit union movement is stronger than ever and benefiting more people every day. In fact, in 2014 it was confirmed that there are now 100 million credit union members in the United States alone! In honor of this year’s ICUD theme of “Local Service, Global Good” MCU is continuing its tradition of supporting the American Cancer Society’s Making Strides Against Breast Cancer fundraising initiative throughout the month of October. According to the New York State Department of Health, each year nearly 15,000 women are diagnosed with breast cancer and almost 2,700 women die from the disease. Join MCU in this fight against breast cancer and help us reach our goal of raising $15,000 throughout the month of October! Stop by a branch and get involved! Make a suggested donation of $2.00 throughout the month of October and receive an MCU Making Strides Against Breast Cancer wrist band. To learn more about MCU’s partnership with the American Cancer Society and how you can get involved in the fight against breast cancer, go to nymcu.org. It’s also our birthday! Join us at your local branch on October 16th and help us celebrate! Pick up a birthday/member appreciation cookie and pink breast cancer awareness pen.* 98 *While supplies last. 1916-2014 5 Things to Know: Protecting Your Online Security More than 13.1 million people became victims of identity theft in 2013.* That’s a new victim every two seconds! Don’t put yourself at risk. Knowing these tips can help protect your information on the web. 1. Frequently change and diversify your passwords. This is the easiest way to keep hackers from accessing online banking and other important web portals with information stolen from less secure sites, such as social media platforms. 2. Keep software up-to-date. Updating your mobile apps and computer programs regularly can help eliminate bugs and prevent potential glitches. 3. Beware of unsecured networks. These networks often offer users free wi-fi in public places but can also leave you vulnerable to attacks. Always refrain from making online purchases or any other transaction involving your personal or financial information while using one of these networks. 4. Secure your email account by using a two-step 5. Use secure websites. Be sure to check for an encrypted verification process. This extra layer of security will make it even more difficult for hackers to gain access to your account. connection, especially for emails, banking and online payments. A secure website is indicated by “https” before the URL, rather than “http.” A padlock symbol on the top or bottom of the screen is also a good sign. *According to the 2014 Identity Fraud Study released by Javelin Strategy & Research. Javelin Strategy & Research, a Greenwich Associates LLC company, provides strategic insights into customer transactions, increasing sustainable profits for financial institutions, government, payment companies, merchants, and other technology providers. The Results are in: Talk to Your Kids about Finances! According to the 2014 MoneyMatters survey, young people who have knowledge of financial literacy and hold a checking account are: • More responsible with loans and credit • More financially cautious • Less accepting of debt as a necessity • Less fixated on possessions • More averse to incurring debt Not sure how to start the conversation? Visit our Resource Center at nymcu.org/resources for tips and ideas! IN YOUR COMMUNITY In case you missed it… MCU proudly sponsored the 2014 Celebrity-Civil Service Softball Challenge at MCU Park in Coney Island on August 19, 2014. The event brought New York City civil servants and more than 20 celebrities together for an entertaining game in order to raise awareness for the Tic Toc Stop foundation. Founded by WFAN’s Craig Carton of the Boomer and Carton morning sports talk radio program, Tic Toc Stop is dedicated to improving the lives of those living with Tourette’s Syndrome. In addition to its sponsorship, Chairman of the Board Mark Brantley, Esq. represented MCU in a check presentation of $5,000 to the Tic Toc Stop foundation at the conclusion of the game. Board of Directors Mark S. Brantley, Esq. Chair Hon. Sylvia G. Ash, 1st Vice Chair C. Richard Wagner, 2nd Vice Chair Caroll Duncanson, 3rd Vice Chair S. Nana Osei-Bonsu, Treasurer Shirley Jenkins, Secretary James Durrah, Asst. Treasurer Mario Matos, Jr., Asst. Secretary Tessa I. Hackett-Vieira, Director Loretta Y. Jones, Director Beryl Major, Director Joy S. Schwartz, Director Thomas E. Diana, Director Emeritus Supervisory Committee Giovanni Porcelli, Chairman Karen Lucas, Secretary Almeta Coaxum, Member Joseph Guagliardo, Member Cheryl Wright, Member Executive Management Kam Wong, President/CEO Thomas Siciliano, General Counsel Richard Casamassa, SVP/Member Service Operations Norman Kohn, SVP/Chief Credit Officer Carole A. Porter, SVP/Chief Retail Banking Operations Officer Kim Thompson, SVP/Chief Human Resources and Labor Relations Officer Senior Management Anie Akpe, VP/Real Property William Birnbach, VP/Member Service Operations Ahmed Campbell, VP/Loan Operations Corey Fernandes, VP/Business Development and Member Relations Urmilla Jorawar, Chief Internal Auditor Steven Kibitel, VP/Marketing Amy Kong, VP/Risk Management Linda Lambert, VP/Finance John Parrinello, VP/Collections/ Loss Prevention Agnes Payadue, VP/Retail Banking Operations/Contact Center Janet Perkins, VP/Process Engineering/ Innovation Robert Soloway, VP/Technology MCU Chairman of the Board Mark Brantley (right) presents a $5,000 donation to Tic Toc Stop President and Founder Craig Carton (second from right) after the Celebrity-Civil Service Softball Challenge on August 19, 2014. MCU Spokesperson and Mets Hall of Fame pitcher John Franco (second from left) and Fox Five’s Good Day New York co-host Rosanna Scotto (left) were also in attendance during the presentation. PERSONAL LOAN RATES Loan Type Amount Financed Term Unsecured Loan Unsecured Loan Unsecured Loan $1,000–$15,000 $15,001–$50,000 $15,001–$50,000 Auto-Pay Monthly Payment Per APR* $1,000 Borrowed Up to 60 Months Up to 60 Months Up to 72 Months 7.90% 8.90% 9.50% $20.24 $20.72 $18.29 AUTO LOAN RATES Loan Type Maximum Amount Financed Term Auto-Pay Monthly Payment Per APR* $1,000 Borrowed New Cars 2015–2013 2015–2013 2015–2013 125% 125% 125% Up to 60 Months 61-66 Months 67-72 Months 1.95% 2.25% 2.25% $17.51 $16.13 $14.87 Pre-Owned Cars 2012 2012 2012 125% 125% 125% Up to 60 Months 61-66 Months 67-72 Months 2.25% 2.55% 2.55% $17.64 $16.26 $15.00 Rates may be higher based on applicant’s credit worthiness. Rates and terms are subject to change without notice. Certain restrictions may apply. MCU only finances vehicles purchased from a car dealer: We do not offer financing for private sales, individual sales or lease buyouts. *Auto-Pay: When direct deposit or automatic payroll deduction is utilized as the method of loan repayment. Annual percentage rates for auto loans will increase by 1/2 % after consummation if automatic payroll deduction or direct deposit is cancelled. Annual percentage rates on unsecured loans will increase by 2% after consummation if automatic payroll deduction or direct deposit is cancelled. Late payment fee: $25.00. APR = Annual Percentage Rate. Outside the Five Boroughs/ Long Island (800) 323-6713 Application Express: (800) LOAN-MCU LOAN BY FAX: (212) 238-2699 MCU AUTONET: 888-4MCU-AUTO VISA Information: (800) 481-7338 Mortgage and Home Equity Information: (212) 238-3521 Deposit Account Information: (212)-693-4900 New Member Line: (866) JOIN-MCU VISIT OUR WEBSITE: www.nymcu.org Municipal Credit Union is an equal housing lender. NOTICE FROM THE SUPERVISORY COMMITTEE The Supervisory Committee has established a procedure; whereby, members can confidentially submit concerns regarding questionable accounting or auditing matters, as well as concerns impacting on internal controls. Correspondence should be sent to: PHONE NUMBERS: MCU’s Automated Service – Touch Tone Teller: Within the Five Boroughs/ Long Island (212) 693-4900 Municipal Credit Union Supervisory Committee/Internal Audit Department Post Office Box 3418, New York, NY 10277-1863 Attn: Giovanni Porcelli, Chairman Phone: 212-238-3573 Email: [email protected] NCUA Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency. For complete information concerning our savings programs, contact the credit union for a “Truth-in-Savings” disclosure. I375
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