1.49%APR* 1.99%APR* - Allegany County Teachers FCU

Inside Links
Savings are Springing Up! | 66th Annual Meeting | Mobile App | National Credit Union Youth Month | The Allegany College of Maryland Student Package
Toys for Happiness Campaign | Connect to Your Credit Union Anywhere | Buy Currency Online | The Best Financial Opportunities are Right Here! | Read & Win
Holiday Closings | Buddy Bookworm Club | Check Your Credit for Free | Watch for Money Desktop Coming Soon!
Savings are
You’re Invited
100547
Springing Up!
Here at Allegany County Teachers Federal Credit Union, we love to help our
members save money. And that’s exactly what we’re doing with our special
spring rates! For a limited time, we’re also offering auto loan incentives!
Contact a loan officer to apply today, or visit www.alcoteachersfcu.org to use
our secure online application.
1.49%
USED VEHICLES
1.99%
APR*
UP TO 60 MONTHS
APR*
UP TO 60 MONTHS
Auto Loan Incentives include
60 Day No Pay & Gas Card Giveaway!
*Annual Percentage Rate. Rates and terms are accurate as of March 1, 2016 and subject to change without
notice. At 1.49% APR for 60 months, the approximate monthly payment is $17.31 per $1,000.00 borrowed.
At 1.99% APR for 60 months, the approximate monthly payment is $17.53 per $1,000.00 borrowed. Please call
today for specific financing terms. A member will receive a 60 day no payment period on an auto loan and $25.00
gas card when taking out an auto loan of $5,000.00 or more at ACTFCU. Interest will accrue during the no payment
period. Further restrictions and requirements may apply. Membership eligibility requirements apply. This offer ends
06/30/2016.
Do you have Online Banking?
If so, you can download the
Allegany County Teachers FCU mobile app!
• View Accounts
• Transfer Funds
• Pay Bills
Welcome to
Mobile Banking
Make a selection using the upper menu button.
th Annual
Meeting
Wear Your Favorite
Team Jersey!
Auto Loan Rates as low as
NEW VEHICLES
66
TO OUR
DATE:
TIME: PLACE: COST: Saturday, April 16, 2016
6:00 p.m. – Social
6:30 p.m. – Election
6:45 p.m. – Dinner
8:00 p.m. – Business Meeting
Ali Ghan Shrine Club
$15 per Member
$25 per Non-Member
Tickets include dinner, entertainment
by the Janice Ray Band and an election
for one open position on our Board of
Directors. Tickets must be purchased in
advance. Please call the Credit Union
at 301.729.8015 to make reservations.
Non-members must be invited by a
Credit Union member.
• Email the Credit Union
• & MORE
Coming Soon – Mobile Deposit!
Apple® computers and the Apple logo® are trademarks of Apple Inc., registered in the U.S. and other
countries. iPhone® mobile digital device is a trademark of
Apple Inc. App Store® online store is a service mark of
Apple Inc. Google Play is a trademark of Google Inc.
A QUARTERLY PUBLICATION OF ALLEGANY COUNTY TEACHERS FEDERAL CREDIT UNION
APRIL 2016
April 1-30, 2016
Everyone knows that it takes exercise and dedication to get physically fit, and here at Allegany
County Teachers Federal Credit Union, we know it takes practice and training to get financially
fit, too. That’s why we’re pleased to be taking the entire month of April to focus on our young
members and to help them get in top financial shape! Our staff members will be serving as your
child’s personal trainer to help them understand good savings habits, smart money management,
and the benefits of their credit union membership. Plus, we’ll have free refreshments in the
lobby during the week of April 25-29.
Pictured from Left to Right:
Patricia Folk, ACTFCU President/
Treasurer and Chuck Koelker, Toys for
Happiness President
Toys for
Happiness
C A M PA I G N
APRIL 2016
TRENDING NOW
The Allegany College of Maryland
STUDENT PACKAGE!
—
Membership and Auto Loan
Incentives Include…
•
•
•
•
•
$10 savings account deposit
Free box of checks
ACM jacket or 1/4 zip
$25 gas card
60 day no payment
period on an auto loan
113526
To support the mission of Toys
for Happiness, Allegany County
Teachers Federal Credit Union
members and employees recently
raised over $1,200.00 and collected
many toys. The Credit Union
raised the donations through
many efforts, which included: (1)
offering members a special holiday
loan rate when making a monetary
or toy donation of $10.00 or
more; (2) raffling dolls, shoes and
handmade accessories donated by
ACTFCU member Edith Abbott; and
(3) taking up a collection at the
ACTFCU annual Christmas party.
If your child doesn’t have a credit union account yet, bring them in to open one during the
month of April, and we’ll deposit the first $5.00 in their account! And don’t forget to ask about
the Buddy Bookworm Club – Youth Month is the perfect time to sign them up for that, too.
Prior to receiving any student package incentive, the student must show proof of enrollment at Allegany College of
Maryland. An ACM student will be provided with a $10 savings account deposit, an offer for a free box of checks and
an ACM jacket or ¼ zip when he/she becomes a new member of ACTFCU and opens a checking account, is issued
a debit card and if applicable, agrees to set-up direct deposit within the first 60 days of account opening. An ACM
student will receive a $25 gas card and 60 day no payment period for an auto loan when taking out an auto loan of
$5,000 or more at ACTFCU. Interest will accrue during the no payment period. Further restrictions and requirements
may apply. This offer ends 05/31/16.
Connect to Your Credit Union
READ & WIN
Anywhere
Three randomly selected account
numbers are hidden in this
newsletter. Find YOUR account
number and call Cathy by
April 30, 2016 to receive $25.
Hint: Look near the pictures.
Whether you need to check your account balance, withdraw funds,
or make a deposit, our conveniently located surcharge-free ATMs
make it easy to get your banking done whenever and wherever it’s
convenient for you. In addition to any Allegany County Teachers
FCU ATM, you can enjoy surcharge-free ATM access at any of the
following local credit unions:
Best of luck!
ABLE FCU | Al-Gar FCU | POTOMAC FCU | CHESSIE FCU
KELCO FCU* | SECU | WEPCO FCU
And since we are also part of the MoneyPass ATM Network and
Allpoint, you have access to over 75,000 surcharge-free ATMs, coast
to coast!
*At this time, Allegany County Teachers Federal Credit Union debit cards will not work in KELCO FCU
ATM machines.
526
104
Buy Currency Online
If you have plans to travel outside the country, Travelex can help you
get the currency you need. Simply visit https://onlinetravelcurrency.com/
mtwid000503/home and follow the simple step-by-step instructions to
order your currency online and have it delivered to your home.
Visit our website at
www.alcoteachersfcu.org
for information, loan
applications, and more!
Travelex Offers:
■■ A wide range of currencies
■■ Convenient choice of delivery methods
■■ Next day delivery for orders placed
before 4 p.m. EST
The Best Financial Opportunities
are Right
HERE!
With membership perks and benefits like these, it’s easy to see why Allegany County Teachers
Federal Credit Union stands out from typical banks!
Holiday Closings
MEMORIAL DAY
Monday, May 30
INDEPENDENCE DAY
Monday, July 4
■■ Member ownership. We’re not-for-profit. We’re for you! As a member-owner, you can rest
assured that our number one priority is to serve you and help you save money.
■■ Fee-free accounts. Unlike banks, we keep our fees at a minimum.
■■ Better rates. Our loans feature competitive interest rates and our savings accounts offer
higher yields than most banks.
■■ NCUA Insurance. Your deposits are always insured up to $250,000 by the National Credit
Union Association.
APRIL 2016
Due to recent acts of fraud,
limitations have been established for
the following debit card transactions:
Grocery Store Purchases ($400.00)
Pharmacy Purchases ($200.00)
Apple iTunes Purchases ($200.00)
For more information,
contact a credit union
representative at
301-729-8015.
Buddy
Bookworm Club
WE WOULD LIKE TO WELCOME OUR
NEWEST BUDDY BOOKWORM MEMBERS,
Brennan Irons
Logan Boetker
Scotlyn Fradiska
Ariana Helmstetter
Ashlynn Arnold
Natalie Harrison
Ryker Rephann
Check Your Credit
for
FREE
14316 National Highway SW
LaVale, Maryland 21502
(301) 729-8015
Fax (301) 729-2147
204 S. Lee Street
Cumberland, Maryland 21502
EXT. 4010 & 4011
(301) 729-8015
Fax (301) 777-3928
11905 Messick Road
Cumberland, Maryland 21502
(301) 729-8015
Fax (301) 724-1620
www.alcoteachersfcu.org
Have you ordered your free credit reports yet?
It’s important to review your credit reports
at least once a year to make sure they are
accurate and to safeguard yourself against
identity theft. Take a few minutes to order
your free reports right now!
Visit www.annualcreditreport.com or call
877.322.8228 for more information.
WA T C H F O R
Money
Desktop
COMING SOON!
With MoneyDesktop,
budgeting and
managing your finances
will be easier than ever.
By offering you the ability to import
all of your financial accounts, across
multiple institutions, MoneyDesktop
allows you to see your account
balances and transactions all in one
place! And, since it features industry
leading encryption technology, you
can rest at ease knowing your data is
protected. Watch for MoneyDesktop
coming soon.
RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE.
SOME RESTRICTIONS MAY APPLY.
Dividends as of March 1, 2016
SHARES
Certificate Rates as of March 1, 2016
SHARE CERTIFICATE ACCOUNTS*
6 Month (90 day early withdrawal penalty)0.50%
0.50%
12 Month (90 day early withdrawal penalty)0.60%
0.60%
18 Month (180 day early withdrawal penalty)0.70%
0.70%
24 Month (180 day early withdrawal penalty)0.80% +.10% > 50K0.80%
36 Month (180 day early withdrawal penalty)0.90% +.10% > 50K0.90%
48 Month (180 day early withdrawal penalty)1.30% +.10% > 50K1.31%
60 Month (180 day early withdrawal penalty)1.55% +.10% > 50K1.56%
* Minimum deposit is $500.00. Note: All share accounts are paid monthly on the average
daily balance. All accounts must be open at the end of the dividend calculation period in
order to earn a dividend.
Loan Rates as of March 1, 2016
LOANS (Risk Based Lending Rules Apply)
AS LOW AS
Special Tax Loans (January 1 - April 15)
12 Months 24 Months
36 Months 3.49% APR
3.99% APR
4.49% APR
Special Christmas Loans (September 1 - January 31)
Vacation Loans
12 Months
24 Months
5.75% APR
5.99% APR
Computer Loans (Bill of Sale or Receipt)
36 Months
5.99% APR
Signature Loans
12 Months
24 Months 36 Months 48 Months
60 Months
7.99% APR
7.99% APR
7.99% APR
8.50% APR
9.00% APR
Signature Loans 30, 60, 90 Day Notes
Credit Card Loans (No Annual Fee)
Consolidation Loans*
9.50% APR
9.50% APR
5.99% APR
*Maximum $3,000.
*Maximum $2,000.
*Maximum $3,000.
*Loans eligible for .25% reduction if member has both Checking Account and
Automatic Loan Payment. Mortgages, Home Equity, & MBL are not eligible.
*Using vehicle and available Signature amount.
New Auto Loans (100% Financing)
12 to 36 Months 1.49% APR
37 to 48 Months 1.49% APR
49 to 60 Months
1.49% APR
61 to 72 Months
2.49% APR
73 to 84 Months
3.24% APR
Used Auto Loans
36 Months
2010-2016
1.99% APR
48 Months
2010-2016
1.99% APR
60 Months
2010-2016
1.99% APR
72 Months (Greater than $10,000) 2010-2016
2.99% APR
84 Months (Greater than $20,000) 2010-2016
4.00% APR
60 Months
Older than 2010
3.24% APR
Motorcycle Loans - New & Used
Add .50% to Above Stated
84 Months
New/Used Auto Rates
New Motor Homes (80% Financing)
New Up to 144 Months
7.25% APR
Used Up to 144 Months
7.50% APR
Older than 2003 Up to 120 Months
8.49% APR
New Campers, Trailers, Pop-Ups, Boats
5 years
5.25% APR
6 years (Greater than $10,000)
6.25% APR
7 years (Greater than $20,000)
7.99% APR
*Max term on Boats - 72 months.
Used Campers, Trailers, Pop-Ups, Boats
5 Years
UCC Secured - New Bobcats, Tractors, Etc. (Signature)
5 Years
UCC Secured - Used Bobcats, Tractors, Etc. (Signature)
5 Years
New Off Road/ATV’s, dirt bikes, jet skis, snowmobiles
5 Years
Used Off Road/ATV’s, dirt bikes, jet skis, snowmobiles
5 Years
Share Secured
Up to 60 Months
61-120 Months
Share Certificate Secured
Up to 60 Months (If loan term ends before CT matures)
Greater than 60 Months (If loan term ends after CT matures)
© CUAdvantage.com • (877) 799-0784
6.25% APR
5.25% APR
6.25% APR
4.99% APR
5.99% APR
3.20%
4.20%
3% Above CT Rate
4% Above CT Rate
Money Maker Money Market Secured
Up to 60 Months
3.25% to 3.50%
61-120 Months
4.25% to 4.50%
First Mortgage - Contact a Loan Officer for Today’s Rates
Second Mortgage - Junior Lien
5 Years
3.25% APR
10 Years
4.50% APR
15 Years
4.75% APR
Home Equity - 1st Lien
5 Years
2.25% APR
(Maximum Amount $50,000)
10 Years
2.75% APR
Home Equity - 2nd or Junior Lien
5 Years
3.25% APR
10 Years
4.25% APR
BUSINESS LOANS
APRIL 2016
APRAPY
Regular Shares ($5.00 and Above)
0.20%
0.20%
Share Draft
0.00%
0.00%
Christmas Club
0.25%
0.25%
Summer Savings
0.25%
0.25%
IRA
1.30%1.31%
Money Maker Money Market
($2,500.00 - $20,000.00)
0.25%
0.25%
($20,000.01 - $50,000.00) 0.30%
0.30%
($50,000.01 - $75,000.00) 0.35%
0.35%
($75,000.01 and Higher)
0.50%
0.50%
AS LOW AS
New/Used School Bus (80% LTV)
12 Years Maximum
Prime+2 to Prime+5
New Auto Loans (80-100% LTV)
12 to 60 Months Consumer rate+1 to +5
61 to 72 Months Consumer rate+1 to +5
73 to 84 MonthsConsumer rate+1 to +5
Used Auto Loans (80-100% LTV)
12 to 60 Months
2010-2016 Consumer rate+1 to +5
61 to 72 Months
2010-2016 Consumer rate+1 to +5
73 to 84 Months
2010-2016 Consumer rate+1 to +5
12 to 60 Months
Older than 2010 Consumer rate+1 to +5
Equipment Loans (80% LTV)
12 to 60 Months
Prime+2 to Prime+5
60 to 144 Months
Prime+2 to Prime+5
Rental Property (80% LTV)
15 Years Maximum
6.50% APR
Current Prime Interest Rate is 3.50%
A QUARTERLY PUBLICATION OF ALLEGANY COUNTY TEACHERS FEDERAL CREDIT UNION