Finance Your Education - Louviers Federal Credit Union
Transcription
Finance Your Education - Louviers Federal Credit Union
Finance Info For All Life Stages Louviers FCU’s website now has several online tools to help our members with their financial needs through all life stages. Go to www.louviers.com and check them out. ● Googleplex — Site for students that will teach them important financial concepts through interactive games, stories and calculators ● Guides to Independence — Geared toward teaching money management skills in an online tutorial format that’s both quick and fun. The tutorials cover topics such as buying a car, shopping, paying for school and more! ● MoneyMix — Read up on current issues and trends, as well as tried and true methods related to earning, spending, borrowing, investing and more! Be sure to check out the blogs and contribute on various financial hot topics. ● Home & Family Finance Resource Center — A one-stop financial information center packed with consumer news, how-to videos, articles and audio files. Topics covered include everything from retirement to small businesses! ● Anytime Advisor — Seven coaches with topics covering major financial decisions: home buying car buying (used and new), identity theft, checking account, credit management, couples and money. ● Plan It: Retire Ready Toolkit — Complete online toolkit to aid in planning for and achieving financially secure retirement years. Choose formats that fit your learning styles and needs on retirement planning, create a personal profile, track savings, print personalized charts and make retirement to-do checklists. Rate Schedule Dividends Share (Savings) Holiday Club IRA Accumulation Share Draft (Checking) Money Management RATE 0.50% 0.50% 0.75% 0.15% 0.75% APY* 0.50% 0.50% 0.75% 0.15% 0.75% Share/IRA Certificates** 12 Months 18 Months 24 Months 30 Months 48 Months 1.00% 1.10% 1.50% 1.65% 1.75% 1.00% 1.10% 1.51% 1.66% 1.77% $500 required minimum deposit. Penalty for early withdrawal. *Annual Percentage Yield. **IRA certificate minimum length is 18 months. Loans New Auto APR 4.00% 4.25% 4.50% 4.75% 5.00% 24 Months 36 Months 48 Months 60 Months 72 Months Share Secured Line of Credit Seasonal Visa Platinum Card Visa Classic Card Used Auto APR 5.75% 6.00% 6.25% 6.50% N/A 3.50% 12.25% 8.00% 11.88% 14.00% Fixed Mortgages 1st Mortgage (15 years) 2nd Mortgage (5 years) 2nd Mortgage (10 years) 2nd Mortgage (15 years) 4.50%* 6.00%** 6.25%** 6.50%** Adjustable Mortgages 1st Mortgage (30 years/1 Year Fixed) 1st Mortgage (30 years/5 years fixed) Home Equity (15 years) 4.00%* 4.50%* 6.00%** *80% of SRA appraisal. **75% of SRA appraisal and $99,000 maximum. Rates are subject to change. Please call the credit union for current rates or visit our website at www.louviers.com. Louviers Federal Credit Union 302-733-0426 • www.louviers.com Newark Offices Mon.-Thurs., 8:00 a.m.–4:30 p.m. Friday, 8:00 a.m.–6:00 p.m. 185 Elkton Road Newark, DE 19711 1st floor fax: 302-731-2461 2nd floor fax: 302-731-2460 Saturday, 9:00 a.m.–1:00 p.m. 2612 Kirkwood Hwy. Fax: 302-733-0631 Wilmington Offices Mon.-Fri., 8:00 a.m.–4:00 p.m. City Center at Nemours Fax: 302-571-9519 www.louviers.com • Spring/Summer 2011 Let LFCU Help You Finance Your Education Before you take the important step of figuring out how to finance your college education, it’s important that you have all the information to help you make the right choices. The options available to you are significant and range from scholarships and grants to federal and private student loans. Louviers FCU’s student loan partner, Education Loan Source, has a free counseling tool to help you better understand the features and benefits of both private and federal student loan programs, as well as your rights and responsibilities. It also offers access to a glossary of terms and information regarding many of the required disclosures which are associated with education loans. LFCU provides this important tool to help you become a wiser consumer. Also, Louviers FCU provides privately funded student loans in partnership with Education Loan Source. Loans are available for both undergraduate and graduate programs at certified educational institutions. Go to www.louviers.com to check out the counseling tools and private student loan details. 401 Maryland Avenue Fax: 302-695-0001 designed & printed by visions, ink. 310175 5/11 E Printed on recycled paper with soy ink An Information Publication for the Members of the Louviers Federal Credit Union Rocks Money at My Credit Union Louviers FCU participated in the National Youth Savings Challenge from April 17 to 23, 2011, by helping our members under the age of 18 to open credit union accounts and save money for their futures. In just one week, 32 young members generated total savings of over $19,300, and we also had five new youth members join the credit union during this time. The Credit Union National Association reported “In the strongest year yet, $28,545,722.81 was deposited in 146,002 youth accounts. Also, youth opened 9,058 new accounts at the 305 participating credit unions that reported results to CUNA.” While the Challenge has ended, it’s never too late to start saving for the future. Join Louviers FCU in encouraging youth to continue saving. Scholarship Winner Announced at 43rd Annual Meeting At our 43rd Annual Meeting on April 19, 2011, Louviers FCU and Mitch Duling announced the winners of the 2011 Gladys R. Duling Memorial Scholarship. Congratulations to all the winners and best of luck in your future college careers. Scholarship Winner – Natalie Hines, seen pictured with Mitch Duling and her mother, Bernadette Hines Other Recipients – Benjamin Quinn McCartney, Sean Burger, Tyler Carpenter and Kerry Ferber Holidays All Louviers FCU branches will be closed in observance of the following holidays: Independence Day — Monday, July 4 Labor Day — Monday, September 5 Important: Account Overdraft Protection News At Louviers FCU we do our best to serve our members and offer them overdraft protection in the event of an unexpected circumstance or a checkbook miscalculation. However, as the number of overdrafts incurred continually increases, our members may experience a delay in the processing of their ACH, check and debit card transactions if the required amount exceeds the amount available in their checking account. Additionally, remember that money management and share savings accounts are not transaction accounts and activity is limited. To avoid future delay, negative balances and returned items, check the balance of the appropriate account PRIOR TO paying a bill or making a purchase. Please have any required funds moved into your checking account if you intend to write a check. If you need to transfer funds, use online banking at www.louviers.com or call us at 302-733-0426 so we may assist you. Play Your Cards RIGHT! When you make monthly credit card payments at a high interest rate, you’re getting a bad deal. If you’re a Louviers FCU member, there’s a way out. Start by paying off your high-interest credit card debt with a new Visa credit card from LFCU. An LFCU Visa card offers the same convenience and acceptability as other cards, but usually with lower interest rates, lower annual fees and better service. With an LFCU Visa card, you can pay your bill and manage basic account information online and request a balance transfer from another credit union account. We have no annual fee. Stop in to one of our branches or go to www.louviers.com and fill out an online application. Pay off your debt at our rate and save more money on future buys. Remember, when it comes to credit, it pays to play your cards right. Traveling Abroad? Did you know that your Louviers FCU Visa credit or debit card is equipped for use all over the world? Your money will travel with you on your adventure abroad! While this is a great advantage for our members, we still need your help to prevent any interruption of service while you are away. In order for us to serve you better and protect your money, please contact us in advance and let us know where and when you will be traveling. This will prevent our fraud department from placing a hold on your card while you’re away. You can contact us at 302-733-0426 to notate travel arrangements on your account. GO DIRECT! Are you getting social security, VA or other federal benefits by paper check? Direct deposit is safer, easier and more convenient. Americans who enroll for federal government benefit payments on or after May 1, 2011, will receive them electronically from the U.S. Department of the Treasury. Louviers FCU is a selected Community Ambassador encouraging our members to “Go Direct.” Go to www.GoDirect.org and take action today to learn how easy it is to arrange for direct deposit. Need a New Car? SAVE BIG on a New GM Vehicle with Invest in America Thanks to our partnership with Invest in America, LFCU has two ways for members to save on a new vehicle. First, GM offers valuable discounts on most new vehicles. Second, LFCU provides you with great rates and quick approval. Depending on which GM vehicle you choose, you could drive away saving thousands of dollars! Visit www.lovemycreditunion.org to get details. Saving is that simple.