Credit Line The - Greater New Orleans Federal Credit Union

The
Credit Line
WINTER 2013
FEATURED PRODUCT
Need financing for a
1st Mortgage or
to Refinance
your current home
Apply Online
at www.gnofcu.com
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Historically low rates
Anytime, anywhere
Streamlined app process
Online loan decisions
Response in 20 minutes
Detailed cost information
Calculators
For more info . . .
call 504.459.8155 or
email [email protected]
WELCOME TO . . .
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Bayou Title
Hyatt Place
EIS Engineering & Inspection
Services, LLC
We look forward to sharing the
wonderful world of credit union
membership with your employees!
Don’t let high interest
rates get you snowed in!
Vehicle loans as low as
1.99% APR*
SOLD
RATES DOWN AT GNO
HOUSING MARKET UP
If the uncertain economy has you worried, today’s low interest rates may be one thing that
puts your mind at ease. Now is a great time to apply for a mortgage or to refinance the one
you have. With many houses for sale, and many for sale at rock-bottom prices, we can help
make you comfortable in a new home—with a comfortable interest rate and term.
How and Why to Refinance a Mortgage
If you’ve ever considered refinancing your home loan, now may be the time as historically
low rates persist. By locking in a better rate on your loan, you might reduce your monthly
payment and save thousands of dollars in interest on the life of your mortgage. A lower
interest rate also could allow you to build equity in your home more quickly.
GNO’s online mortgage calculators can help you determine your savings and break-even
point. Simply click on the “Mortgage Rates - Apply Now” box at www.gnofcu.com on our
home page. Next, select “Resources” from the column on the left and go to “Calculators”.
The decision to refinance your mortgage should reflect the best way to manage your debt. Our
mortgage loan professionals at GNO can help evaluate your financial situation and discuss
your best options.
For more information call 504.459.8155 or email [email protected].
Janet L. Sanders
CE
CCUE, CU
BETTER BANKING
The Direct Line from
Janet L. Sanders, President/CEO
As we begin the New Year, we reflect
on the last twelve months and on our
lives in general. While we may have
some uncertainty of what lies ahead,
we look to the future with anticipation
and hope. Our New Year’s resolutions
for the future are about making
ourselves and the world we live in a
better place. And why not apply these
same resolutions for improvement to
our financial well-being, too. The New
Year is the perfect time to improve your
financial health, decrease your high
interest rate financing and unclutter
your wallet from excessive credit card
accounts. With assistance from GNO,
you can improve your financial status
in 2013. We are ready and eager to help
you.
If your goal is to make better use of
your money, consider refinancing your
existing debt. Our refinance programs
for mortgages and vehicle loans help
you lower your interest rates on your
loans, which will decrease your monthly
payments. If your goal is to reduce or
eliminate your credit card debt, you will
certainly want to think about transferring
your current credit card balances to our
VISA Platinum card program, where
fixed rates are as low as 6.99%. And
of course, there is our GreenPath Debt
Solutions Program, which is a nonprofit debt consultation company that
GNO has partnered with to help our
members achieve their financial goals.
GreenPath services are FREE and you
get free access to money management
and financial education services, as well
as receive assistance with personal and
family budgeting, understanding your
credit report and improving your credit
score, money management and debt
repayment. Just visit our web site at
www.gnofcu.com for more information
and to set up a confidential phone
appointment.
Be sure to read this edition of The Credit
Line to learn what financial benefits are
available to you in 2013. Let us help
you eliminate some of the economic
stress of the previous years and help you
get a handle on your fiscal future. With
the cash you free up by restructuring
your financing, you can undoubtedly
create a healthy financial plan and enjoy
the savings in the coming years ahead.
Best Wishes for a
Fiscally Fit New Year!
WE LOVE OUR DEBIT CARDS
and we know you will too
Why are people reaching for their
debit cards in record numbers?
Convenience It’s quicker to pull out
a plastic card at the point-of-sale than
to write a check. It’s also easier to track
spending with cards than with cash--and
using plastic eliminates the need to even
carry cash.
Pay-as-you-go With debit, you have the
convenience of plastic without carrying
a loan balance or paying interest.
Balance caps Because debit
cardholders can only spend the money
they have in their checking accounts,
debit cards help control spending.
merchant will add the cash amount to
your transaction total.
Zero liability Visa debit card users
have zero liability for any unauthorized
use of their cards--a fact that many
consumers don’t realize. If your card is
lost or stolen, you simply report it and
close the account. You don’t pay for any
transactions you didn’t make.
Wide acceptance Debit cards are
Cash back
If you use your PIN
(personal identification number) for
a debit card transaction rather than
signing a receipt, you can request cash
back at many merchant locations. The
accepted at locations worldwide,
while many merchants are reluctant to
accept non-local checks.
Switch Your Checking/Debit
Card to GNO
TODAY!
Get your
Make the Switch Kit
at www.gnofcu.com
OVERWHELMED WITH HOLIDAY BILLS?
a consolidation loan can reduce the stress
An extravagant holiday season usually means a mailbox full of bills for the new year!
Different due dates and interest rates can keep you busy mailing checks and keep you
broke from paying high interest rates.
There’s a better way. Add up all your balances and, if you qualify, we’ll lend you the
money to pay them off. You’ll get a better rate, pay off your debt sooner, and you’ll only
have one payment every month. Or, if you prefer, we’ll deduct the amount due
directly from your account.
5-DAY ONLY SPECIAL!
FEBRUARY 1-7, 2013
Borrow a max of $5,000
for up to 36 months
with a rate as low as
8.99% APR
*
*APR=Annual Percentage Rate. Approval and terms are based on member’s credit and ability to repay. The rate may vary depending on individual credit history and
underwriting factors. All credit union loan programs, rates, terms & conditions are subject to change at any time without notice. Payroll deduction/direct deposit
discount of .25% included in advertised rate. Loan example: $5,000 borrowed at 8.99% APR for 36 mos. = estimated monthly payments of $31.80.
GEAR UP YOUR HOME BANKING EXPERIENCE
Next time you’re in Home Banking, be sure to use the Gear Icons! Simply click on any of the gears
throughout the site for additional options and features that provide account details, ways to
customize your account, show histories and more!
SAFETY NET SOLUTIONS
an affordable alternative to payday loans
Our Safety Net Solutions are the perfect products for you to use to land safely on
your own two feet. Get the money you need, build savings and re-establish your
credit history.
Step 1: Safety Net Advance
Start with Safety Net Advance which provides you with manageable advances
with a low interest rate.
Step 2: Safety Net Savings
By putting your savings in a credit union account, you can resist the
temptation to tap the funds when you’re short on cash. That way, the
money will always be there when a true emergency arises. A percentage
of your Safety Net Advance will automatically be deposited into a special
savings account that earns interest - establishing good savings habits.
Step 3: Safety Net reSOLUTION
This last step is your key to financial freedom! You can now further
improve your credit by being able to borrow up to $2000 and establish a
checking account helping you develop a relationship as a GNO member in good
standing!
Safety Net Solutions empowers
members to successfully:
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Break from the high risk of payday
loan cycles
Develop healthy savings habits
Establish good credit
COMING REAL SOON
Mobile Banking & Personal Financial Management Program
In early 2013, we’re releasing Mobile Banking so, you’ll be able to
stay on top of your account activity no matter where you are with
your iPhone or Android.
FINANCIAL
EDUCATION
Women
& Money
With your Android or iPhone,
Mobile Banking members will be able to:
• Get account information quickly and safely
• View past transactions right away
• Take a look at your balance anywhere you are
• Transfer money between accounts when you need it
Thursday,
Be in Control of Your Budget with
Personal Financial Management @ Home Banking
Imagine being able to quickly view your banking, investments, mortgage and credit card
info all in one place, regardless of where you have the accounts. It will all be yours in early
2013 with our newest Personal Financial Management release!
Just look at all these features and benefits coming your way:
• View your accounts in one place
• Create “tags” to categorize and monitor your spending
• Set financial goals
• Ability to ask questions and engage in community discussions
• Capability to check account balances, transfer funds and manage your banking
activities right from your phone
NEW we have
USED THE KEY
REFINANCED
VEHICLE FINANCING AS LOW AS
FREE • FREE • FREE
1.99% APR
February 21
6:00 PM
Westbank Branch
2731 Manhattan Blvd.
Suite A-25
Harvey, Louisiana
RSVP by 2/20 to
504-459-8149
YOU’LL GET ADVICE ON:
•Where you are now
•Dealing with financial
barriers & challenges
•Fine-tuning your spending
plan
•Tools to track your finances
•Setting goals
•and so much more!
*
*APR=Annual Percentage Rate. Approval and terms are based on member’s credit and ability to repay. The rate may vary depending on individual credit history and
underwriting factors. All credit union loan programs, rates, terms & conditions are subject to change at any time without notice. Payroll deduction/direct deposit
discount of .25% included in advertised rate. Loan example: $1,000 borrowed at 1.99% APR for 12 mos. = estimated monthly payments of $84.23. Amount financed
must be at least $15,000. For refinancing, current vehicle must be financed with another lender. Finance terms up to 72 months available.
A Golden
t
ni
u
t
or
p
p
O
y
MAKE THE SWITCH TO PLATINUM
now through January 31, 2013
Transfer a balance of $2500
or more and . . .
GNO will give you $25.00
FIXED Rates as low as
6.99% APR
*
$25
* Credit Card rates available as low as 6.99% Annual Percentage Rate (APR)
not to exceed 18.00% APR. Fixed rate based on credit worthiness.
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No Hidden Rate Increases
No Balance Transfer Fees
No Annual Fees
10-day Late Payment Grace Periods
25-day Grace Period for Purchases
No Over-the-Credit Limit Fees
No Minimum Interest Charges
OUR FINANCIAL FREEDOM WINNER
Catina LeBlanc Ready to Set Sail to the Caribbean
Congratulations to Catina LeBlanc, the winner of our Financial Freedom
Cruise for 2 drawing! She became eligible for the prize when she referred
her son to GNO to begin his voyage to financial freedom.
Catina and her fiancé, Terry Favorite, will be setting sail in 2013 on a
5 Day/4 Night Carnival Cruise to the Western Caribbean. Terry, who is also
a GNO member, originally referred Catina to GNO! Catina and Terry are
planning an early 2013 wedding, so her grand prize may very well be used
as a honeymoon trip to Progreso and Cozumel!
L to R: GNO Member Terry Favorite; GNO President/CEO Janet L. Sanders;
Cruise Winner Catina LeBlanc
So best wishes to our new FAVORITES as they set sail on their cruise and
new lives together! BON VOYAGE!
ENOLA M. FEE SCHOLARSHIP AWARD - $1,000
Applications & Materials due by Friday, March 15, 2013
The scholarship application and eligibility requirements are outlined at www.gnofcu.com. Click on
Additional Services then Scholarships. Materials should be submitted via mail, e-mail, or delivery no later
than March 15th. Essays will be judged on originality, content and grammar quality.
‘TIS THE SEASON TO BE SAVING FOR 2013
Don’t let shopping sales slips overwhelm you!
A GNO Christmas Club account preserves the joy of the holidays by eliminating
the financial stress of the season. Instead of charging everything at the last minute,
save in advance for holiday spending. Determine what you spent last year and add
a portion of that to your account each month. Or, have an amount deducted directly
from your paycheck.
Avoid a shopping spree hangover next year. Come see us today to set up a Christmas
Club Account for 2013!
DISCOUNTED TAX FILING FOR MEMBERS
available at www.lovemycreditunion.org
Why spend more than you should to have someone else do your taxes for you?
TurboTax puts the power in your hands to keep more of your hard earned money, as
well as the peace-of-mind of knowing you have experts in your corner every step
of the way. Plus, GNO members can save on TurboTax Federal Deluxe. Get started
now and get your biggest possible refund!
Jackson Hewitt® also offers members two ways to save big on tax prep.
Valued GNO members are entitled to save either $30 on their individual income tax
preparation at participating Jackson Hewitt Tax Service® locations nationwide or
pay $50 less than last year* when you switch to Jackson Hewitt from a competing
tax preparer. Let Jackson Hewitt estimate your refund. FREE! Meet with one of
their tax pros today to see what Jackson Hewitt can do for you. No appointment
necessary.
For more information, go to www.lovemycreditunion.org
TurboTax Disclaimer:
1 Maximum (Biggest) Refund Guaranteed or Your Money Back: If you get a larger refund or smaller tax due from another tax preparation method, we’ll
refund the applicable TurboTax federal and/or state purchase price paid. TurboTax Federal Free Edition customers are entitled to payment of $14.95 and
a refund of your state purchase price paid. Claims must be submitted within 60 days of your TurboTax filing date and no later than 6/15/13. Optional
add-on services excluded. Cannot be combined with TurboTax Satisfaction (Easy) Guarantee.
© 2012 Intuit Inc. All rights reserved. State filing charges apply. Limited time offer for TurboTax 2012. Terms, conditions, features, availability, pricing,
fees, service and support options subject to change without notice. Intuit, TurboTax and TurboTax Online, among others, are registered trademarks
and/or service marks of Intuit Inc. in the United States and other countries. Other parties’ trademarks or service marks are the property of their
respective owners.
Jackson Hewitt Disclaimer:
Offer valid on tax preparation fees only. Does not apply to amendments, extensions, online tax preparation product or other services. Valid at
participating locations and may not be combined with any other offer. Your Credit Union does not determine fees charged by Jackson Hewitt or its
franchisees. If you are not satisfied with the fees quoted you are not obligated to complete your return with Jackson Hewitt and may decline their
services any time prior to filing. Most offices are independently owned and operated.
*Offer valid for tax prep fees paid of $150 or more. Proof of last year’s tax prep fee required. Offer expires 4/30/13.
DOES YOUR COMPANY OFFER CREDIT
UNION MEMBERSHIP AS A BENEFIT?
Better Banking should be an option for everyone!
Why not share the benefits of GNO membership with your co-workers?
If your company doesn’t offer GNO as an employee benefit, give our
Business Development a call at 504.459.8149 or 504.459.8110. We will be
happy to contact your place of employment and see what we can do to
have them participate as a Business Partner.
2013 HOLIDAYS
CLOSINGS & EVENTS
MARTIN LUTHER KING, JR. DAY
Closed - Monday, January 21
MARDI GRAS
Closed - Tuesday, February 12
PRESIDENTS DAY
Closed - Monday, February 18
GNO ANNUAL MEMBERSHIP MEETING
Wednesday, March 27
Kenner City Park Pavilion
GOOD FRIDAY
Closed - Friday, March 29
CONTACT INFO
www.gnofcu.com
504.454.8224
Main Office
Mid-City
Downtown
Northshore
Westbank
3105 Lime Street
Metairie, LA
2812 Canal Street
New Orleans, LA
333 Canal St., Suite 327A
New Orleans, LA
1291 N. Causeway Blvd.
Suite 3, Mandeville, LA
2731 Manhattan Blvd.
Suite A-25, Harvey, LA
Communique’ Audio Response
504.459.8170
24/7 Loan Application by Phone
1.866.363.0207
24/7 Loan Applications Online
www.gnofcu.com
Lost or Stolen ATM or Debit Card
504.459.8170 Option 3
Lost or Stolen VISA Credit Card
1.800.682.6075
Over 4,900 GNO Locations
Nationwide
Just look for the CUSC Swirl!
www.cuservicecenters.com
LIKE US ON
FACEBOOK
Federally insured by the
National Credit Union
Administration.