ections - GENCO Federal Credit Union

(254)
776-9550
•
(936)
637 - 7 7 1 0
•
( 8 0 0 )
9 2 2 - 6 42 8
•
www.genco f cu.o rg
facts
community
WHAT DOES GENCO FEDERAL CREDIT UNION DO WITH YOUR PERSONAL INFORMATION?
CONNECTIONS
Why?
Financial companies choose how they share your personal information. Federal law gives consumers the
right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and
protect your personal information. Please read this notice carefully to understand what we do.
What?
The types of personal information we collect and share depend on the product or service you have with
us. This information can include:
- Social Security number and account transactions
- checking account information and credit history
- employment information and transaction or loss history
When you are no longer our member, we continue to share your information as described in this notice.
How?
All financial companies need to share members’ personal information to run their everyday business. In
the section below, we list the reasons financial companies can share their members’ personal information;
the reasons GENCO Federal Credit Union chooses to share; and whether you can limit this sharing.
Reasons we can share your personal information
Does GENCO Federal
Credit Union share?
Can you limit
this sharing
For our everyday business purposes such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or to report to credit bureaus
YES
NO
For our marketing purposes to offer our products and services to you
YES
NO
For joint marketing with other financial companies
YES
NO
For our affiliates’ everyday business purposes information about your transactions and experiences
NO
We don’t share
For our affiliates’ everyday business purposes information about your creditworthiness
NO
We don’t share
For our affiliates to market to you
NO
We don’t share
For nonaffiliates to market to you
NO
We don’t share
QUESTIONS?
Call toll-free (800) 922-6428 or go to www.gencofcu.org
What we do
How does GENCO Federal Credit Union To protect your personal information from unauthorized access and use, we use
protect my personal information?
security measures that comply with federal law. These measures include computer
safeguards and secured files and buildings.
How does GENCO Federal Credit Union collect my personal information?
We collect your personal information, for example, when you
- open an account or show your government-issued ID
- give us your income information or provide employment information
- apply for financing
We also collect your personal information from others, such as credit bureaus, affiliates, or other companies.
Why can’t I limit all sharing?
Federal law gives you the right to limit only
- sharing for affiliates’ everyday business purposes - information about your creditworthiness - affiliates from using your information to market to you - sharing for nonaffiliates to market to you
State law and individual companies may give you additional rights to limit sharing.
Definitions
Affiliates Companies related by common ownership or control. They can be financial and nonfinancial companies.
- GENCO Federal Credit Union has no affiliates
Nonaffiliates
Companies not related by common ownership or control. They can be financial and nonfinancial companies.
- Nonaffiliates we share with can include insurance companies, government agencies, plastic card processors (credit/
debit/ATM), financial statement publishers or printers, mailhouse, mortgage companies, mortgage service companies, consumer reporting agencies, data processors, check/share draft printers, and direct marketing companies
Joint Marketing
A formal agreement between nonaffiliated financial companies that together market financial products or services to you.
- Our joint marketing partners include advertising/marketing agencies, CUNA Mutual Group’s MEMBERCONNECT, and loan recapture programs
2nd Quarter 2014 report
The building
blocks of your success
We
salute
you!
Many thanks to Jerry
Cross! Why? Jerry was
recognized by GENCO’s
President, Neil Ling at
the GENCO 2014 Annual
Meeting for 33 years
of faithful dedication
to GENCO FCU. From
1981 through 2014 Jerry
has graciously given his
time and efforts to the
Board of Directors. Jerry
is and will always be a
big believer in People
Helping People and the
credit union movement.
2014 Annual Meeting Was A Success!
GENCO Federal Credit Union experienced
another prosperous year in 2013 continuing our
long standing history of strength, stability and
consistent growth. Our performance is the direct
result of careful strategic planning, sound policy
making, and a conservative management philosophy
which has enabled us to aggressively capitalize on
the advantages of an ever-changing economic
landscape. Continuing with that momentum, GENCO
is set to “GO Further” in the coming year.
While working on our technology presence, we also
invested in our physical branch presence as well. In
2013, we remodeled both the Northeast and Lufkin
branch offices. Finally our latest improvement project
broke ground in October 2013 – the construction of
our new Woodway Branch. We are excited to launch
our new branch this summer and take our Woodway/
Hewitt membership further.
GENCO partners with the communities we serve as
well. In 2013 GENCO: Spoke with over 1,000 students
and teachers giving financial education, partnered
and supported six different Chambers of Commerce,
participated in benefit fairs and junior livestock shows,
and raised funds for several different local charities.
It’s a good time to belong to a credit union, but it’s an
excellent time to be a member of GENCO as we help
you ““GO Further!!”
Sincerely, Neil Ling, P r e s i d e n t
In 2013 GENCO made
several great technological
advances. Our year began
with introducing upgrades
to some of our most
popular services:
NetBranch Online Banking
Bill Pay Service
Monthly/Quarterly
Statement Redesign
ATM Machines & Network
Then we decided to “Go
Further” and introduced two
new technology products:
New Online Payment Center (Web, Phone, or
In-branch)
New GENCO Web Site
Our latest construction
update puts us right on
schedule for a June of 2014
grand opening.
e x p e c t
b e t t e r
Have you filled
your GENCO
financial plate?
Have you taken advantage of our
Advantage Checking?
Enhance your checking by adding
Overdraft Privilege*.
What type of checking account are you using right
now? Do you get reimbursed for your ATM fees?
Do you have free online bill pay?
We are all human and make mistakes... so as a
benefit to our members we offer an overdraft
protection that will cover you in the event that you
overdraw your checking account.
GENCO’s Advantage Checking can give you all of
these things and more. This is a no service charge
dividend yielding account that will pay you 1%
APY* on your account balance up to $25,000.
Meet four simple monthly qualifications per cycle
and you will become a smarter money manager
with Advantage Checking
•Enroll in Homebanking
•Post and clear ten (10) MasterCard Check Card
transactions.
•Have one direct deposit or ACH debit**
(electronic debit) from your GENCO Advantage
Checking account clear and post.
•Enroll and receive electronic statements.
*Advantage rate 1.00% Annual Percentage Yield (APY) paid
on balances between one penny and $25,000 and 0.40%
APY paid on all amounts above $25,000 each cycle the
minimum qualifications are met. If you do not
meet the qualifications per cycle, your account
will still function as a free
checking account earning
Base Rate 0.04%
APY; however,
other account features
will not apply. **Cycle
is qualifying cycle.
For complete product
details, call, visit our
website, or visit any
GENCO FCU office. Rate
subject to change. Fees
could reduce earnings.
With overdraft privilege we will generally pay your
overdraft items up to $500.00; if your account is in
good standing and if you do not work outside of the
parameters set for your account.
No application is required for Overdraft Privilege;
eligibility is based on you managing your checking
account in a responsible manner.
Transactions Covered by Overdraft Privilege:
Overdraft Privilege will be available for all checks
written and all ACH items including internet banking
bill pay. Overdraft Privilege
is not authorized for ATM
and debit card transactions.
*See a Financial Service Representative
for more details on our Overdraft Privilege
Debit Card
swipe and sign and save time!
Using your debit card can be the
greatest convenience of your
shopping day. Avoid keeping
up with cash or writing time
consuming checks...
swipe and sign!
e x p e c t
b e t t e r
w w w . g e n c o f c u . o r g
Have you filled
your GENCO
financial plate?
Have you taken advantage of our
Advantage Checking?
Enhance your checking by adding
Overdraft Privilege*.
What type of checking account are you using right
now? Do you get reimbursed for your ATM fees?
Do you have free online bill pay?
We are all human and make mistakes... so as a
benefit to our members we offer an overdraft
protection that will cover you in the event that you
overdraw your checking account.
GENCO’s Advantage Checking can give you all of
these things and more. This is a no service charge
dividend yielding account that will pay you 1%
APY* on your account balance up to $25,000.
Meet four simple monthly qualifications per cycle
and you will become a smarter money manager
with Advantage Checking
•Enroll in Homebanking
•Post and clear ten (10) MasterCard Check Card
transactions.
•Have one direct deposit or ACH
debit**(electronic debit) from your GENCO
Advantage Checking account clear and post.
•Enroll and receive electronic statements.
*Advantage rate 1.00% Annual Percentage Yield (APY) paid
on balances between one penny and $25,000 and 0.40%
APY paid on all amounts above $25,000 each cycle the
minimum qualifications are met. If you do not
meet the qualifications per cycle, your account
will still function as a free
checking account earning
Base Rate 0.04%
APY; however,
other account features
will not apply. **Cycle
is qualifying cycle.
For complete product
details, call, visit our
website, or visit any
GENCO FCU office. Rate
subject to change. Fees
could reduce earnings.
With overdraft privilege we will generally pay your
overdraft items up to $500.00; if your account is in
good standing and if you do not work outside of the
parameters set for your account.
No application is required for Overdraft Privilege;
eligibility is based on you managing your checking
account in a responsible manner.
Transactions Covered by Overdraft Privilege:
Overdraft Privilege will be available for all checks
written and all ACH items including internet banking
bill pay. Overdraft Privilege
is not authorized for ATM
and debit card transactions.
*See a Financial Service Representative
for more details on our Overdraft Privilege
Debit Card
swipe and sign and save time!
Using your debit card can be the
greatest convenience of your
shopping day. Avoid keeping
up with cash or writing time
consuming checks...
swipe and sign!
E-Services
Have you embraced
the convenience of
technology? Online
Home Banking,
E-Statements, Online
Bill Pay & New
convenience features
on our New Web Site.
Take advantage of
technology to make your
life faster, easier and more
convenient.
Online Payment Center
Forget to make your loan payment on time? Its
never too late if you use our Online Payment
Center. GENCO’s Payment Center can assist
you when you need to make a one-time loan
payment. Make loan payments on-line or over the
phone from your checking and savings account
at another financial institution at any time. You will
never have to miss a loan payment again with our
new convenient service.
• Pay your loan by phone Join us
The building
blocks of
your success
for the Annual
Savings Safari
Easter Egg Hunt.
April 12th
Waco: 2:30-4:00
at the Northern Gateway
Pavillion Cameron Park
Lufkin: 1:30-3:00
at Royal Jump at the
Lufkin Mall
Club members watch the mail –
your invitation will be there soon.
Party provided exclusively for
Savings Safari Club members of
GENCO Federal Credit Union. It’s
never too late to join in! Open a
Savings Safari Account today for
just $5 and become
a member!
• Make your payment via computer GENCO Federal
Credit Union
P.O. Box 7246
Waco, Texas 76714-7246
(254) 776-9550
(800) 922-6428 (936) 637-7710
www.gencofcu.org
• Stop by any GENCO branch office • Celebrate the convenience!
Credit Card or Debit Card payments are accepted
only over the phone or in person.
holidays
A nominal fee applies when using the Payment Center: $5 fee for internet payment
and a $10 fee for phone or in person payment.
Memorial Day
Were you aware that only 35% of teens know how to balance a checkbook or manage
credit cards? During the past five years, there has also been a decline in overall
financial knowledge among 18-year-olds, and 13% fewer teens have bank accounts.
Achieving economic prosperity is difficult. It’s especially hard for young people who’ve
never learned how to manage money. GENCO Credit Union is ideally positioned to
respond because we believe in the power of education. We’re here to help the youth
toward financial independence. So this year, we’ll be visiting local schools during Youth
Week and give an education presentation on savings and planning for the future.
We also handed out baby trees to 140 4th graders. This was part of a national program
called Fourth Grade Foresters USA. Arbor Day is included each year with Youth Week
and since 2007, more than 391,000 fourth graders, all across America rolled up their
sleeves and planted a tree. The theory in this education being, “Watch your tree grow
and prosper just like you watch your savings grow and prosper.” These children also
became members of FOURTH GRADE FORESTERS USA.
How can you support youth week? Open a Savings Safari account and you will
automatically be registered for a chance to win $100 from CUNA. Start teaching them now
about the importance of saving for their future. Open a Safari Account anytime during the
month of April and receive our free gifts! Come in and see the fun! Kowabunga Dude!
Monday, May 26
Independence Day
Friday, July 4
Federally
Insured By
NCUA
Your savings
federally insured
to at least
$250,000 and
backed by the full
faith and credit of
the United States
Government.
(254)
776-9550
•
(936)
637 - 7 7 1 0
•
( 8 0 0 )
9 2 2 - 6 42 8
•
www.genco f cu.o rg
facts
community
WHAT DOES GENCO FEDERAL CREDIT UNION DO WITH YOUR PERSONAL INFORMATION?
CONNECTIONS
Why?
Financial companies choose how they share your personal information. Federal law gives consumers the
right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and
protect your personal information. Please read this notice carefully to understand what we do.
What?
The types of personal information we collect and share depend on the product or service you have with
us. This information can include:
- Social Security number and account transactions
- checking account information and credit history
- employment information and transaction or loss history
When you are no longer our member, we continue to share your information as described in this notice.
How?
All financial companies need to share members’ personal information to run their everyday business. In
the section below, we list the reasons financial companies can share their members’ personal information;
the reasons GENCO Federal Credit Union chooses to share; and whether you can limit this sharing.
Reasons we can share your personal information
Does GENCO Federal
Credit Union share?
Can you limit
this sharing
For our everyday business purposes such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or to report to credit bureaus
YES
NO
For our marketing purposes to offer our products and services to you
YES
NO
For joint marketing with other financial companies
YES
NO
For our affiliates’ everyday business purposes information about your transactions and experiences
NO
We don’t share
For our affiliates’ everyday business purposes information about your creditworthiness
NO
We don’t share
For our affiliates to market to you
NO
We don’t share
For nonaffiliates to market to you
NO
We don’t share
QUESTIONS?
Call toll-free (800) 922-6428 or go to www.gencofcu.org
What we do
How does GENCO Federal Credit Union To protect your personal information from unauthorized access and use, we use
protect my personal information?
security measures that comply with federal law. These measures include computer
safeguards and secured files and buildings.
How does GENCO Federal Credit Union collect my personal information?
We collect your personal information, for example, when you
- open an account or show your government-issued ID
- give us your income information or provide employment information
- apply for financing
We also collect your personal information from others, such as credit bureaus, affiliates, or other companies.
Why can’t I limit all sharing?
Federal law gives you the right to limit only
- sharing for affiliates’ everyday business purposes - information about your creditworthiness - affiliates from using your information to market to you - sharing for nonaffiliates to market to you
State law and individual companies may give you additional rights to limit sharing.
Definitions
Affiliates Companies related by common ownership or control. They can be financial and nonfinancial companies.
- GENCO Federal Credit Union has no affiliates
Nonaffiliates
Companies not related by common ownership or control. They can be financial and nonfinancial companies.
- Nonaffiliates we share with can include insurance companies, government agencies, plastic card processors (credit/
debit/ATM), financial statement publishers or printers, mailhouse, mortgage companies, mortgage service companies, consumer reporting agencies, data processors, check/share draft printers, and direct marketing companies
Joint Marketing
A formal agreement between nonaffiliated financial companies that together market financial products or services to you.
- Our joint marketing partners include advertising/marketing agencies, CUNA Mutual Group’s MEMBERCONNECT, and loan recapture programs
2nd Quarter 2014 report
The building
blocks of your success
We
salute
you!
Many thanks to Jerry
Cross! Why? Jerry was
recognized by GENCO’s
President, Neil Ling at
the GENCO 2014 Annual
Meeting for 33 years
of faithful dedication
to GENCO FCU. From
1981 through 2014 Jerry
has graciously given his
time and efforts to the
Board of Directors. Jerry
is and will always be a
big believer in People
Helping People and the
credit union movement.
2014 Annual Meeting Was A Success!
GENCO Federal Credit Union experienced
another prosperous year in 2013 continuing our
long standing history of strength, stability and
consistent growth. Our performance is the direct
result of careful strategic planning, sound policy
making, and a conservative management philosophy
which has enabled us to aggressively capitalize on
the advantages of an ever-changing economic
landscape. Continuing with that momentum, GENCO
is set to “GO Further” in the coming year.
While working on our technology presence, we also
invested in our physical branch presence as well. In
2013, we remodeled both the Northeast and Lufkin
branch offices. Finally our latest improvement project
broke ground in October 2013 – the construction of
our new Woodway Branch. We are excited to launch
our new branch this summer and take our Woodway/
Hewitt membership further.
GENCO partners with the communities we serve as
well. In 2013 GENCO: Spoke with over 1,000 students
and teachers giving financial education, partnered
and supported six different Chambers of Commerce,
participated in benefit fairs and junior livestock shows,
and raised funds for several different local charities.
It’s a good time to belong to a credit union, but it’s an
excellent time to be a member of GENCO as we help
you ““GO Further!!”
Sincerely, Neil Ling, P r e s i d e n t
In 2013 GENCO made
several great technological
advances. Our year began
with introducing upgrades
to some of our most
popular services:
NetBranch Online Banking
Bill Pay Service
Monthly/Quarterly
Statement Redesign
ATM Machines & Network
Then we decided to “Go
Further” and introduced two
new technology products:
New Online Payment Center (Web, Phone, or
In-branch)
New GENCO Web Site
Our latest construction
update puts us right on
schedule for a June of 2014
grand opening.