July 2014 - Seaboard Federal Credit Union

A Quarterly Publication for Members of Seaboard Federal Credit Union
July 2014
How’s that
“Honey Do”
list going?
Seaboard is here to
finance your student loan
Sometimes your savings and financial aid options
aren’t enough to cover the full cost of your
education. Our private education loans bridge the
gap between savings, financial aid, and the cost of
working toward a degree.
• Competitive rates and fees
• Easy to apply online at www.seaboardfcu.com
• Quick turnaround time
• Maine-based loan with a local community
partner—us!
Apply now at www.seaboardfcu.com
and see how easy it is.
We can help
with home
equity financing
Maybe it’s time to get your home ready for all the family
gatherings coming up this fall. Have you been watching
the home improvement shows? There’s potential in
that square footage you have. Or maybe you want nice
hardwood floors and new windows to keep the winter
chill out. You name it, the equity in your home can help
you achieve that new look you have been waiting for.
Seaboard has home equity rates as low as 3.50% APR*.
Our experienced staff can walk you through the process
and guide you in the right direction for your Home
Equity needs.
*Annual Percentage Rate
*Annual Percentage Rate. 0% APR is for the initial 6 month term for balances transferred.
At the end of 6 months, the interest rate will start accruing interest at the standard
rate provided in your Credit Card Agreement. New purchases will accrue interest at
the standard rate. The total amount of your request(s) fees and interest charges cannot
exceed your available credit. Each transfer will reduce your available credit just like
any other transaction. Limited time only, now through July 15th.
It is
never too
early to think
about winter
heating costs!
Seaboard can help you save money with
the high costs of heating your home.
For a limited time we are offering a
low interest loan at only 2.99%
APR* to help with the upcoming winter
heating bills. You can get a loan up to
$4,000 for heating oil, wood, propane,
and pellets, even furnace repairs. The
best part is that you have a year to pay
it back. You could say that Seaboard
Federal Credit Union is “The smart place
for your money”.
*APR does not apply to existing SFCU loans. New money only.
Per $4,000 borrowed for one year at 2.99% APR, 12 monthly
payments of $338.94. Some restrictions apply. Must meet
credit guidelines set forth by Seaboard Federal Credit Union.
This offer extends until December 31, 2014.
AUTO
LOANS
as low as
New
(2009 - 2014 Models)
Used
(2008 and
Older Models)
1.75%
4.75%
APR*
APR*
· Personal service in analyzing your
budget, helping you determine
your total financing amount,
leaving you with a comfortable
payment amount each month
· Pre-approval for a specific loan
amount
· Disability and Life protection
· Gap Protection coverage
· Route 66 Extended Warranty
· Convenient online Bill Payer
· Automatic Transfers for making
payments, so you’ll never have to
worry about paying on time
·Visa® ScoreCard Points may be
able to reduce your rate even
more
*Annual Percentage Rate
Young & Free Maine
Powered by
If you are 18 to 25 years old, open a Free4Me checking account and become
part of the Young & Free Maine movement. It’s a great way for you and your
friends to start on your financial success.
We offer businesses the following
products and service:
What is Mobile Banking?
• Business Real Estate Loans • Visa® Lines
of Credit • Business Lines of Credit •
Business Equipment and Vehicle Loans •
Checking (Share Draft) Accounts • Savings
(Share) Accounts • IRA Accounts • Visa®
Check Card • Share Certificates of Deposit
• Money Market Accounts • Merchant
Credit Card • Home Banking and Bill Payer
• PowerPay/Processing
Give us a call and we will be happy to
discuss your business opportunities with
Seaboard.
Also an added bonus for Business
Account Members
Payment Processing is
available!
Own a business? Thinking of starting one?
Seaboard and its business partner,
PowerPay® offer a broad, ever-growing
range of payment systems and merchant
services, including credit card machines
and terminals and the latest industryspecific solutions. Our payment systems
and merchant services can help you
manage recurring payments, online sales,
mail orders and fee collections easily and
securely. Our mobile processing solution
is designed for business on the go,
transforming any iPhone, iPad, iPod Touch
and many Android devices into a credit
card terminal. Merchants can either swipe
or key-enter Visa®, MasterCard®, American
Express®, and Discover® credit cards and
issue receipts directly to their customer’s
email address. Whether you run a large
hotel or a small B&B, a state agency or a
municipal office, a retail chain or a momand-pop shop, Seaboard & PowerPay® have
the merchant account processing solution
that’s right for you.
Contact Seaboard today for more
Information and ask about PowerPay®!
Manage your finances anytime from
anywhere without traveling to a branch
or being tied to your computer. When
you are on the road, at a sporting event,
or just out hiking, Mobile Banking allows
you to:
· Check your Account Balance
· Transfer Funds
· Perform Bill Pay
· Change Your Password
· Change your e-Mail Address
You can access Mobile Banking from any
Internet-enabled mobile phone.*
*Note: The device must have an Internet connection.
Also, Power Line home banking has:
3 Easier to read history, debits will
show in red.
3 Automatic transfers for any day and
any amount.
3 Make quick transfers between
accounts.
3 Bill Payer quick pay feature.
3 More Informative home page.
Seaboard Services
Did you
know that
Seaboard can
do business loans?
Power Line
Home Banking
with Mobile
Banking!
Deposit Products
·Share Accounts
·Share Draft (Checking)
Accounts
·Business Accounts
·Money Market Accounts
·Member Privilege
·Share Certificates
·Individual Retirement
Accounts (IRAs)
·Retirement Certificates
·Club Accounts
·Monty Moose Youth
Savers Club
·Visa® Debit Card
·Visa Gift Card
Loan Products
·Visa and Visa Gold
·New/Used Auto Loans
·First Mortgages
· Home Equity/Home
Improvement
·Personal Loans
·Consolidation Loans
·Recreational
Vehicle Loans
·Share-Secured Loans
·Student Loans
·Business Loans
· PowerPay
Member Services
·Power Line Home
Banking
·Bill Payer
·Mobile Banking
·Quicken®
·eStatements
·E Services
· E-Lerts
·Phone System 24 (PS24)
·Direct Deposit of
Payroll, Pension, and
Social Security
·Drive-Up Service
·Money Orders
·Payroll Deduction
·Night Deposit
·Safe Deposit Boxes
·Wire Transfers
·Notary Services
·Signature Guarantee
· Shared Branching
Rate Board
Rates as low as
Current rates as of 6/15/2014
Share Certificates
Maturity.................. Rate............. APY*
3 Months.................. 0.15%........... 0.15%
6 Months.................. 0.20%........... 0.20%
12 Months................ 0.30%........... 0.30%
18 Months................ 0.40%........... 0.40%
24 Months................ 0.55%........... 0.55%
36 Months................ 0.75%........... 0.75%
48 Months................ 0.95%........... 0.95%
60 Months................ 1.25%........... 1.26%
IRA Share Certificates
Maturity.................. Rate............. APY*
3 Months.................. 0.15%........... 0.15%
6 Months.................. 0.20%........... 0.20%
12 Months................ 0.30%........... 0.30%
18 Months................ 0.40%........... 0.40%
24 Months................ 0.55%........... 0.55%
36 Months................ 0.75%........... 0.75%
48 Months................ 0.95%........... 0.95%
60 Months................ 1.25%........... 1.26%
Loan Type
New Auto.......................................1.75%
Used Auto......................................4.75%
Motorcycles....................................4.25%
RVs..................................................5.50%
Share-Secured................................3.10%
Equipment......................................7.50%
Signature......................................10.40%
Open-End Line of Credit..............13.00%
Visa® Gold.......................................8.90%
Visa® Classic..................................11.90%
Home Equity..................................3.50%
Mortgage
Mortgage
Mortgage
Mortgage
Rates
Rates
Rates
Rates
-
10 Year Fixed.... 3.625%
15 Year Fixed.... 4.250%
20 Year Fixed.... 4.750%
30 Year Fixed.... 5.625%
Land (15 Years).............................. 8.50%
Adjustable ARMs*** (15 Years)..... 3.50%
Share Accounts
Rate............. APY*
Share Savings........... 0.10%...........0.10%
Share Drafts.............. 0.00%.......... 0.00%
Clubs....................... 0.10%.......... 0.10%
IRA............................ 0.20%...........0.20%
Money Market........... 0.20%...........0.20%
Camps........................................... 7.50%
*Annual Percentage Yield. Rates subject to change.
Rates and terms are subject to change without
notice. Actual Interest rates, terms and APRs are
based on credit history and other factors.
2014 Scholarship
Winners
Each year, your credit union offers
scholarships to help students pursue
their education dreams. Seaboard
Federal Credit Union was pleased to
present its 2014 scholarships to the
following college students:
P. Bertrand
Southern NH University
J. Clapper
Maine Maritime Academy
L. Lane
Eastern Maine Community College
B. Macleod
Maine Maritime Academy
A. Presutti
University of Mt. Union
Our congratulations and best
wishes to all!
Holiday Closings
Independence Day
Friday, July 4, 2014
Labor Day
Monday, September 1, 2014
Columbus Day
Monday, October 13, 2014
www.seaboardfcu.com
177 Main Street
P.O. Box G
Bucksport, ME 04416
207-469-6341
Bucksport Office Hours
2014 Board of Directors
Lobby
200 Main Street
P.O. Box 115
Ellsworth, ME 04605
207-667-8285
Mon.–Wed.: 8:00 a.m. to 4:30 p.m.
Thursday: 7:30 a.m. to 6:00 p.m.
Friday: 8:00 a.m. to 5:00 p.m.
Tony Manzo, Chair
Alan “AJ” Johnson, Vice-Chair
Basil Staples, Secretary/Treasurer
Wendy Haslam
Jeff Kneeland
Jim Duplessis
Don Sorey
2410 Route 2
P.O. Box 6359
Hermon, ME 04402
207-848-9995
Mon.–Fri.: 8:00 a.m. to 4:30 p.m.
Drive-Up
Ellsworth Office Hours
Lobby
Mon.–Fri.: 8:00 a.m. to 4:30 p.m.
Drive-Up
Mon.–Fri.: 8:00 a.m. to 4:30 p.m.
PS24: 207-469-7724
Hermon Office Hours
800-639-2206
Lobby
Mon.–Fri.: 8:00 a.m. to 4:30 p.m.
Saturday: 8:00 a.m. to 12:00 p.m.
Drive-Up
Mon.–Fri.: 8:00 a.m. to 4:30 p.m.
Saturday: 8:00 a.m. to 12:00 p.m.
2014 Supervisory Committee
Joe Lynch, Chair
Raymond Seamans
Brittni Reed
Credit Union Statistics
As of May 31, 2014
Assets . . . . . $111,710,400
Shares . . . . . $100,726,500
Loans . . . . . . . $81,569,700
Members . . . . . . . . . 12,083
Management
Kyle Casburn, President/CEO
Lonnie SanAngelo,
VP Operations
Brad Hughes, VP Lending, CLO
Dan Kelley,
VP Finance, CFO, CCO
Richard Cole, Branch Manager
Lisa Fogg, Branch Manager
EQUAL HOUSING
Federally Insured by NCUA
OPPORTUNITY