UNFCIU PowerPoint Template

Serving the People Who Serve the World
UNFCU Features, Benefits and What is New
24 March 2010 | UNOG Pre-Retirement Seminar | www.unfcu.org
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A Credit Union is….
• A member-owned not-for-profit cooperative
financial institution
• Formed to serve a member group closely defined by
a common bond
• An institution that provides better rates, specially
tailored products and low (or no) fees
Who can become a member?
• All United Nations and affiliated agency employees
• Retirees of the UN or affiliated agencies
• Immediate family members or those residing in and
sharing financial responsibility of your household
Quick Facts about UNFCU
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Over 3.0 billion USD in assets
US-based, US-dollar denominated
Located in New York, Nairobi, Geneva, Vienna, and Rome
Regulated by the National Credit Union Administration (NCUA)
Governed by a Volunteer Board of Directors comprised of current
and retired UN Staff
• Serving more than 87,000 members worldwide
• Unlike other UN affiliates, UNFCU’s “raison d'être” is to serve the
people serving the world
$3.5
95,000
$3.0
80,000
$2.5
65,000
$2.0
50,000
$1.5
35,000
$1.0
20,000
$0.5
5,000
$0.0
-10,000
1947
1959
1969
Assets
1979
1989
1999
Members
2009
Members
Assets (Billions)
Milestones in Our History
Member Distribution by Continent
(Total Household Members: 75,595)
North
America
Asia
Europe
6.02%
26.48%
36.91%
Middle East
2.30%
Central America
2.52%
Africa
20.61%
South
America
Australia/Oceania
1.40%
Source: MCIF Member data as of December 31, 2009
3.76%
How we are different
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We serve only the UN Community
We provide a consistently high level of service
We strive to serve each of you better
We are highly flexible
We allow you to take control of your financial
future through:
– A full range of comprehensive financial services
– 24-hours/7-day access to your account
Financial Safety and Soundness
UNFCU practices prudent and responsible lending and
investment strategies to benefit our membership
globally. Well-capitalized and secure, we continue to
meet members’ borrowing needs without compromising
asset quality.
In addition to the measures UNFCU takes on a day-today basis to safeguard its assets, we are regularly
examined by the National Credit Union Administration
(NCUA), a U.S. governmental agency.
Safety and Soundness (con’t)
• Accounts are insured by a US government agency
(NCUSIF) for up to 250,000 USD
• We are independently audited annually
Our Products
Saving with us
Savings Accounts
– Simple Savings tools
– ATM card
– No fees
Checking Account
– ChequeMate debit card access
– Cheques
– No fees
Saving with us
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Money Market Accounts
Deposits and withdrawals at any time*, competitive rates tiered at three different levels:
$2,500 or more
$25,000 or more
$50,000 or more
No monthly service charge with an average daily balance of US $2,500 or more
*Federal regulations limit electronic transfers from your MMA to a maximum of six (6) transactions per month.
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Share Certificates *
For higher dividend rates on your funds if you do not need access to your money for three
months or more
3 Months
0.55%
6 Months
0.85%
12 Months
1.30%
36 Months
1.90%
**Annual Percentage Yield (APY) effective as of 1 March 2010. Subject to change without prior notice.
60 Months
2.90%
Saving with us
• Start Smart Youth Programme
– A financial program offering savings and checking options
for your children, grandchildren or children over whom
you have legal guardianship
– Start Smart Globe Online Newsletter: An educational
newsletter complete with financial terms, fun family
activities, news articles, games, resources and money
facts, which speaks to the global diversity of UNFCU
young members.
Borrowing Options for Members
UNFCU provides an array of consumer loans*:
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Signature Loan
Overseas Home Loan
Education Loans
Auto Loan
Home Improvement Loan
90 Days Same As Cash Loan
Savings Secured Loans
Share Certificate Secured Loans
Checking-lines-of Credit
VISA® Credit Cards
* Must meet eligibility requirements.
Accessing your Accounts
• 24 hour/7 day via our website:
Real time assistance with WebChat available Monday through Friday
from 04:00 to 22:00 and Saturday from 07:00 to 15:00
• Telephone Banking
• Telephone support available
Monday-Friday: 04:00-22:00
Saturday: 07:00-15:00
• Deposit and Withdrawal
–Direct deposit of your salary
–Access to cash with ChequeMate debit card and ATM card
Visit UNFCU Offices in Geneva
International Telecommunications Union (ITU)
2, rue de Varembé
Room V-558
International Labor Organization (ILO)
ILO- R2 North
4 route des Morillons
UNOG
Le Palais des Nations
Building E, door 41
Business hours:
Monday, Tuesday, Wednesday, and Friday: 8:30 a.m. - 4:00 p.m.
Thursday: 8:30 a.m. - 5:00 p.m.
Contact UNFCU
• Postal Mail: United Nations Federal Credit Union
Court Square Place
24-01 44th Road
Long Island City, NY USA 11101 - 4605
• Telephone: +1 347-686-6000
• International Toll-free Telephone Numbers available on our
website
• Email: [email protected]
• Real time assistance with WebChat
available
Monday through Friday from 04:00 to 22:00 and Saturday
from 07:00 to 15:00
• Visit our Website: www.unfcu.org
About UNFCU
Financial Advisors
Who we are
• UNFCU Financial Advisors is a fully owned subsidiary of
United Nation Federal Credit Union
• Established in 2003
• Geneva office opened in 2008
• Offering multicurrency investments in CHF, EUR, USD
• Offering Financial Planing and Insurances
• Located in Geneva, New York and Vienna, expansion to Rome
is planed
The Management:
Lukas Ammann
Branch Manager
Lukas has held a variety of progressive positions in the Swiss financial services
sector, specializing in investment advisory management for over 20 years - most
recently serving as head of private banking, Weinfelden branch of the
Cantonalbank and as private banking advisor at UBS Zurich.
He is a Swiss certified expert with a Federal Banking Diploma (Expert Diplomé en
Economie Bancaire) and Certified Financial Planner (Conseiller Financier avec Brevet
Fédéral). He completed his post graduate studies in sales management at the
university of St. Gall, Switzerland.
Investment service
Investment process
What is the way to a succesful relationship with UNFCU Financial Advisors:
Definition of:
• Investment profile (risk tolerance and risk capability)
• Investment horizon, goals and objectives
• Global view and analysis of all your assets
• Family situation (children, education, residence(s) )
• Living situation now and later (personal budget, retirement plans,
expenses versus income and capital)
• Plans (real estate, other major investments)
• Tax situation (Switzerland)
Investment philosophy
Diversification and balance:
Diversification across asset classes (together with the
appropriate asset weightings within portfolios) improves
long-term investment returns while reducing volatility.
Turnover erodes returns:
Excessive turnover, either of assets within portfolios or of
whole portfolios, contributes to long-term
underperformance.
Investment philosophy
Cost minimization is an important component of investment
management:
Investment management related costs, including fees and
transaction costs, will negatively affect performance
especially if such costs are compounded over long periods.
Determinants of performance:
Asset allocation and portfolio structure - more than
individual security selection or market timing - are the
principal components of investment performance.
Investing with us
Portfolio Management
Wide diversification in asset classes, markets and currencies
Investment strategy in line with your risk parameters
Best of breed selections (open architecture)
Ongoing contact with your investment advisor
Competitive all-in-one fee
Investment strategies
Financial Services
Insurance Services
Live Insurance
Long Term Care Insurance
Automobile & Motorcycle Insurance
XN Global™ Preferred Care
Legal Expenses Insurance
Student Medical Insurance
Personal Liability and Household
Travel Short Term Medical Insurance
Travel Insurance
Home Insurance
XN Global™ Vacant Home Insurance
XN Global™ Moving Insurance
Mortgage loans
Mortgage loans in Swiss Francs
For properties in Switzerland (GE and VD) and French
neighborhood
Provided through Banque Cantonale de Genève
UNFCU members are preferred clients
Financial Planning
For retirement or other objectives
Tax situation in Switzerland
Real estate advice in Switzerland
Professional referral partners available for complex situations
How we are different
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We mainly serve the UN Community
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We provide a consistently high level of service
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We aim to serve each of you better
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We are highly flexible
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We strive to develop a long term relationship with you
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We provide you with 24 hours/7 days access to view your
investments
How we are different
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We develop tailor made portfolios according to your goals,
objectives and needs
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We offer prudent and responsible investment strategies
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We offer a competitive portfolio management
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We cover the traditional investment categories, cash, bonds
(fixed income) stocks (equities)
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We are not committed to any one investment provider (open
architecture platform)
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We offer a fair all-in-one fee
How we are the same
• Accounts and custody of securities are at Banque Cantonale
de Genève (guarantee by Canton of Geneva)
• UNFCU Financial Advisors is independently audited annually
• We are member of the Swiss Association of Asset Managers
Contact UNFCU Financial Advisors
Office location / mailing address:
UNFCU Financial Advisors
Palais des Nations
Building E, door 41
avenue de la Paix 8-14
1211 Geneva 10
Telephone: +41 22 917 77 26
Email: [email protected]
Questions & Answers