the beacon - MAUI COUNTY FCU

PRIVACY NOTICE AND DISCLOSURE
HOLIDAY CLOSINGS
MEMORIAL DAY
Monday, May 29, 2006
KING KAMEHAMEHA DAY
Monday, June 12, 2006
INDEPENDENCE DAY
Tuesday, July 4, 2006
Maui County Employees FCU, your member owned financial institution, is committed to providing you with competitive products and services to meet your financial needs and help you reach your goals. We are equally committed to protecting
the privacy of our members. Under federal law, we are required to give you this
privacy notice. It describes our Credit Union’s privacy policy and practices concerning the personal information we collect and disclose about our members. It also includes information about the parties who receive personal and sometimes nonpublic
information from us as we conduct the business of the Credit Union. If after reading
this notice you have questions, please contact us at (808)244-7968.
*APR = Annual Percentage Rate.
AUTO LOANS
n New Autos as low as 4.00% APR*
n Used Autos as low as 4.50% APR*
* The rate stated is based on an evaluation of
applicant credit, auto payment and loan &
collateral protection.
PERSONAL LOANS
As low as 7.00% APR*
* The rate stated is based on an evaluation of
applicant credit and auto payment.
INFORMATION WE COLLECT ABOUT YOU
We collect nonpublic personal information about you from the following sources:
Information we receive from you on applications and other forms
Information about your transactions with us
Information we receive from a consumer reporting agency
Information obtained when verifying the information you provide on an application or other forms; this may be obtained from your current or past employers, or from other institutions where you conduct financial transactions
We may disclose all of the information we collect, as described above, as permitted by law.
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REAL ESTATE LOANS
n Home Equity Line-of-Credit
n Land Loans
n 10, 15 & 30-Year Fixed-Rate Mortgages
n 30 & 40 Year ARMs
n Additional Mortgage financing available
Call for current rates.
SHARE SECURED LOANS
As low as 2.50% APR
CONSOLIDATION LOANS
PARTIES WHO RECEIVE INFORMATION FROM US
SUPERVISORY COMMITTEE AUDIT
ACCOUNT
VERIFICATION
The Supervisory Committee is appointed annually and is responsible for inspecting the Credit Union’s assets to ensure
that the established policies and practices
are being adhered to. The findings are
reported to the Credit Union Directors,
members and regulatory agencies as
required. Your supervisory Committee
consists of:
Clarence Fujitani, Chairman
Garrett Goo n Lyle Kobashigawa
Itsuyo Kusuda n June Ono
The Supervisory Committee is currently
conducting an audit of member accounts.
Enclosed is your statement ending March
31, 2006. Please examine your statement
carefully and report any discrepancies to:
Maui County Employees FCU
C/O Auditor
3615 Newburg Road
Louisville, KY 40218
If you do not report any discrepancies
within 30 days upon receipt of your statement, your statement will be considered
correct.
We may disclose nonpublic personal information about you to the following
types of third parties:
n Financial service providers, such as insurance companies, and mortgage
service companies
n Non-financial companies, such as consumer reporting agencies, data
processors, check/share draft printers, financial statement publishers/
printers, plastic card processors, direct marketers, and government agencies.
DISCLOSURE OF INFORMATION TO PARTIES THAT PROVIDE SERVICES TO US
In order for us to conduct the business of the Credit Union, we may disclose
all of the information we collect, as described above, to other financial institutions
with whom we have joint marketing agreements, to other companies that perform
marketing services on our behalf, or to nonaffiliated third parties for the purposes of
processing and servicing transactions that you request or authorize, so that we may
provide members competitive products and services
We may also disclose nonpublic personal information about you under circumstances as permitted or required by law. These disclosures typically include information to process transactions on your behalf, conduct the operations of our Credit
Union, follow your instructions as you authorize, or protect the security of our
financial records.
To protect our members’ privacy, we only work with companies that agree to
maintain strong confidentiality protections and limit the use of information we provide. We do not permit these companies to sell the information we provide to other
third parties.
DISCLOSURE OF INORMATION ABOUT FORMER MEMBERS
If you terminate your membership with Maui County Employees FCU, we will
not share information we have collected about you, except as may be permitted or
required by law.
SELECT EMPLOYER GROUPS (SEGS)
LOAN RATES
(Effective March 1, 2006)
As low as 11.00% APRo
o
The rate stated is based on evaluation of applicant credit
and auto payment.
All rates are as of 3/1/06, are expressed as Annual Percentage
Rates (APR) and are subject to change without notice.
DIVIDEND YIELDS
APY = Annual Percentage Yield.
Regular Share
Account .......................... 1.51% APY
Christmas Club
Account* ........................ 1.51% APY
IRA Share Account
Traditional, ROTH, & Coverdell ESA
Call for current rates
Share Draft Account .... 0.50% APY
Share Certificates
6-, 12-, 24- and 36-Month terms
Call for current rates
All yields are as of 3/1/06, are expressed
as Annual Percentage Yields (APY) and are
subject to change without notice. The APY is
calculated based on a $2,500 balance. Dividends are accrued monthly and credited to
your account on the last day of each month.
* Dividends for Christmas Club Accounts are
credited to your account annually on 10/31.
PLEASE CALL THE CREDIT UNION AT
244-7968 OR (800) 783-6597
FOR CURRENT RATE INFORMATION
OR IF YOU HAVE QUESTIONS.
n A Packaging Resource, Inc.
n ABC Supply Co., Inc.
n Ace Printing Company
n Aloha Eye Clinic, Ltd.
n American Express Financial Advisors, Inc.
n Ameritone Maui
n Architectural Design & Construction Inc.
n Asian Star
n Associated Students of Maui
Community College
n Bale French Sandwich & Bakery
n Blue Hawaiian Helicopters
n Business Insurance Services, Inc.
n C&O Otsuka, LLC
n Carlsmith Ball, LLP
n Christ the King Church
n Clinical Laboratories of
Hawaii – Maui Division
n Commercial Properties of Maui, Inc.
n CVP Entertainment
n Daiichiya-Loves Bakery-Maui
n Destination Maui, Inc.
n Dick’s Fumigation Services, Inc.
n Du-Watts Electric, Inc.
n Ekahi Automotive Center
n Guy Horie, DDS
n Hair Performance by Stacy
n Hirose, Kato & Co., LLP
n Hui Malama Learning Center
n Ichiban Okazuya Hawaii
n James Aganos Real Estate Appraiser
n Jonathan K. Lau, DDS
n Kalima O Maui
n Kamehameha Schools-Maui Campus
n Kawika Kai, LLC
n Ken Hankerson, CPA
n Law Offices of Ing, Horikawa, & Jorgensen
n Leslie S. Arakaki, DDS
n Lloyd Y. Kimura, CPA, Inc.
n Maui Beverage & Supplies
n Maui Chemical & Paper Products, Inc.
n Maui County Paramedics Association
n Maui Disposal Company, Inc.
n Maui Economic Opportunity (MEO)
n Maui Family Support Services, Inc.
n Maui Hotel & Restaurant Supply
n Maui Humane Society
n Maui Pacific Properties, LLC
n Maui Realty Company
n Maui United Way
n Millyard Association
n Miyako Sushi, Inc.
n Morrad Food Service
n Ocean 4 Hawaii, Inc.
n Old Republic Title & Escrow of Hawaii
n Patrick L. Ing, CPA, Inc.
n Pural Water Specialty Co. Inc.
n Queen Lili’uokalani Children’s Center
n Ronald M. Fukumoto Engineering, Inc.
n Ronald Kawahara & Co., CPAs, Inc.
n Sam Sato’s Inc.
n Shakim Corporation
n Southern Wine & Spirits of Hawaii
n Spectracolor Hawaii Printing & Imaging
n Sugar Cove Condominium
n The Fish Shack
n Verizon Wireless – Maui Division
n Wailuku Heights Extension
Community Association
n Wailuku Hongwanji Mission
n Warren Unemori Engineering, Inc.
n Wayne I. Arakaki
n Wessel & Associates
MAUI COUNTY EMPLOYEES
FEDERAL CREDIT UNION
1888 Wili Pa Loop
Wailuku, HI 96793-1272
(808) 244-7968 • Fax (808) 242-1690
(800) 783-6597 (Neighbor islands)
Teller Tone Service (800) 285-2932
www.mauiefcu.org
OFFICE HOURS
Monday, Tuesday, Thursday & Friday
8:30 a.m. - 4:30 p.m.
Wednesday
8:30 a.m. - 5:30 p.m.
February ‘06
Members
Total Shares
Total Loans
Total Assets
11,245
$125,980,068
$89,791,290
$149,178,896
February ‘05
BOARD OF DIRECTORS
We’ve got giveaways, cash drawings and a Grand Prize of a new
Microsoft Xbox 360 console! And it’s all designed to celebrate our great
Share Draft (Checking) Accounts.
STAFF
OR
Gary Fukuroku, Manager/CEO
Layne Oishi, Loan Manager
Myron Sakamoto, Operations Manager
Cathy Nakamura, Accounting Supervisor
Ray Pascua, Assistant Loan Manager
Barbara Pagay, Marketing Specialist
Lois Akiona, Loan Officer II
Frances Nelson, Loan Officer I
Carrie Tam Sing, Loan Officer I
Kyle Iwaishi, Collections Officer
Anna Belle Kutsunai, Loan Processor/Clerk
Marietta Sta Maria, Loan Processor/Clerk
Myra Sakai, Senior MSR
Lisa Keene, MSR III
Robyn Yamashita, MSR III
Mylene Sumibcay, MSR II
Juliet Cortez, MSR
Desiree Echalas, MSR
Shari Shim, MSR
Difference % Change
10,375
870
$119,533,113
$6,446,955
$61,515,104 $28,276,186
$137,462,852 $11,716,044
MISSION STATEMENT: CARING FOR OUR MEMBERS NEEDS
WITH A CREDIT UNION CHECKING ACCOUNT!
EVERYONE’S A WINNER!
Tom Hiranaga, Chairman
Edwin Okubo, Vice Chairman
Donald Terada, Secretary/Treasurer
Frederico Asuncion, Director
Karen T. Oura, Director
Wesley Wong Jr., Director
Clifford Zane, Director
HOW WE PROTECT YOUR INFORMATION
We restrict access to nonpublic personal information about you to those employees who need to know that information to provide products or services to you.
We maintain physical, electronic, or procedural safeguards that comply with federal
regulations to guard your nonpublic personal information.
GET IN THE
GAME
JOIN THE FUN!
Just open a Checking Account package with a new Share Draft
Account, a VISA Check Card, and Home Banking or Teller Tone
service between April 17, 2006 and June 9, 2006.
Refer an existing member or a new member to open up
the complete package.
ENJOY THE BENEFITS
You’ll experience a new level of convenience, with lots of great features including:
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No monthly service fee
No minimum balance requirement
Unlimited check writing
Interest bearing (minimum $100 balance
to earn interest)
Free VISA Check Card or ATM card
No surcharge ATMs at American Savings
Bank and First Hawaiian Bank
Free home banking
And much more!
SCORE SOME EXCITING REWARDS –
n All new share draft account holders will receive a free Credit Union
travel mug and free checks*
n We’ll have weekly drawings for $20 cash
n Our Grand Prize is a platinum system Microsoft Xbox 360 console
SPREAD THE WORD –
8.39%
5.39%
45.97%
8.52%
Do you know anyone who might be looking for a better checking account?
Maybe you’re looking yourself! Contact the Credit Union and we’ll be happy to
supply all the details.
*Credit Union Alliance style only. Limit one box per new Share Draft Account.
© MHM • (503) 636-1592
SECOND QUARTER • 2006
STAFF NEWS
Visit Maui County Employees FCU the week
of April 23-29 and help us celebrate National
Credit Union Youth Week. Maui County
Employees FCU is committed to starting youth
on the path of setting financial goals and saving
to reach them. Stop by our lobby on April
26 from 1:30 p.m. to 5:30 p.m. to receive a
free keiki photo id courtesy of Maui County
Employees FCU and the Department of Fire &
Public Safety (County of Maui).
To help celebrate this wonderful event,
the Credit Union will have a Coloring Contest.
Prizes will be given out for first, second, & third
places. Members ages 12 & under are eligible to
enter. Stop by the Credit Union today to pick up your coloring contest page or visit our
website at www.mauiefcu.org. Deadline to turn in your entry will be April 28, 2006.
And remember, Maui County Employees FCU membership is open
to all family members. Youths making deposits will receive a free
coloring book, comic book, or wrist band. Youths joining the Credit
Union will receive a free Koozie sack (while supplies last).
RESULTS
The AIG Hawaii Family of Companies.
*
AUTO FINANCING
RIGHT AT THE DEALER
Maui County Employees FCU participates in the
Credit Union Direct Lending (CUDL)
program, allowing you access to hundreds of dealerships that can get your Credit Union
auto financing approved through the CUDL automated system. The CUDL system is
available 7 a.m. to midnight, 7 days a week, 365 days a year.
To find a participating CUDL dealer near you, visit www.cudirect.com and click on
the “Dealer Locator” link, or call 888-CUDIRECT. Don’t forget to check out the CUDL
Auto Buying Program that allows you to research vehicles and request pricing and availability on new vehicles from participating CUDL Auto Buying
Program dealers.
Participating Maui Dealers: Maui Toyota, Island Honda,
Island Dodge, Aloha Kia of Maui, Cutter of Maui, Jim Falk
Motors of Maui, & Valley Isle Motors.
MEMBERSHIP FIELD EXPANSION
We are proud to announce that 4 new Select Employer
Groups (SEG) were added to our field of membership.
Please join us in welcoming the employees and family
members of Ocean 4 Hawaii, Inc., Ichiban Okazuya
Hawaii, Kawika Kai, LLC and C&O Otsuka, LLC. To
date, we currently have 70 Select Employer Groups.
GET YOUR DISCOUNT
MOVIE TICKETS
Looking for a fun night out, how
about taking in a movie? Maui
County Employees FCU sells
tickets for the following:
Consolidated Theatres Group
• Tickets are $5.75
• Restrictions to certain movies
may apply
Wallace Theaters Supersaver
• Tickets are $5.75
• Restrictions to certain movie
may apply
• No expiration date
Wallace Theaters
Ultimate Supersaver
• Tickets are $6.50
• No restrictions
• No expiration date
Ticket purchases are limited
to 10 tickets per member.
TICKETS
Members who are interested
in purchasing discounted Ulalena
tickets can now do so by calling
Maui Theatre directly at 661-9913.
Mention to the reservations agent
that you would like to purchase
tickets through the Maui County
Employees Federal Credit Union’s
special ticket program. Tickets will
continue to be priced at $29.00
per ticket (standard seating only).
Please note that ticket prices are
subject to change without notice.
Proof of Credit Union membership
(i.e., membership card, debit or
ATM card, member statement) will
be required when picking up your
tickets.
Due to this change, Maui
County Employees FCU will no
longer sell Ulalena tickets here at
the office. For more information,
stop by or give us a call.
The 2006 Annual meeting was held on
March 11, 2006 at the Wailuku Community
Center. As a tradition, a Hawaiian luau was
served for dinner and enjoyed by 553 members.
Also, members had an opportunity to enjoy the
sweet music of our very own Desiree Echalas,
Krystal Calibuso, and Ray Pascua.
The Nominating Committee submitted the
following members to be elected to the Board
of Directors: Frederico Asuncion, Tom Hiranaga,
Edwin Okubo, and Wesley Wong Jr. No other
nominations were submitted by the deadline
date. The slate was unanimously voted in by the
membership present at the meeting.
The highlight of the evening was the lucky
number drawings. Over 160 door prizes were
given away. Door prizes given away this year
included a Disneyland package, inter-island
coupons, gift certificates, and much more. The
grand prizes were three $300 travel vouchers.
The three lucky members were:
MEET OUR NEW
MARKETING
SPECIALIST!
Barbara (Bobbie) Pagay has
been promoted to a newly
created position of Marketing Specialist. Bobbie will be
responsible for coordinating,
planning and implementing
the Credit Union’s marketing
efforts to ensure Maui County
Employees FCU’s continued
growth.
Bobbie has been with the
Credit Union since 1985 having started as a Teller and has
held various positions over the
last 21 years, most recently as
a Loan Officer II handling real
estate loans.
Please join us in congratulating Bobbie!
Loan Manager, Layne Oishi’s motto
is “Work Hard, Play Harder” as
shown here while attending the
VISIONS 2005 Conference
in Reno, Nevada
MEMBER STATEMENT
CHANGES
As of February 28, 2006, the
statement format for your accounts
has changed to help you reconcile
your Share Draft (Checking) Account faster. Under the Share Draft
section, your transaction information
is now separated into 3 categories:
Deposits, Withdrawals including
checks cleared, and Overdrafts.
No additional changes were made
to the other accounts (i.e., Shares,
Share Certificates, Loans, etc.).
You’ll Never Catch Us
Phishing!
Kiichi Takahama
Tomoe Takeuchi
IF YOU MISSED
OUR ANNUAL
MEETING THIS
YEAR, MAKE A
NOTE TO JOIN US
Nadia Apo-Takayama
NEXT YEAR!
If you get a message asking you to
verify personal information, it didn’t
come from Maui County Employees
FCU.
We’ll never send you a letter or
e-mail asking for your account numbers, usernames, passwords, or Social
Security number. If you get a message like that-called phishing-don’t
bite.
Instead, call us to find out how to
protect you against identity theft.
SCHOLARSHIP PROGRAM
The cost of college education can be a big burden for students and parents. Maui
County Employees FCU is proud to sponsor a scholarship program for any student who
is a member of the Credit Union and who will be attending a post-secondary school.
All applicants who meet the minimum qualifications below will be entered into a random
drawing. Applications are available at the Credit Union or on our website at
www.mauiefcu.org. The deadline to submit your application is May 31, 2006.
Qualifications of Applicants:
n Must be a member of the Maui County Employees FCU for at least one year
n Applicant (Dependent) and Entitlement Members must be in good standing
with the Credit Union
n High School graduate or GED certificate
n Full-time student
n Pursuing a degree – Bachelors, Masters, Doctorate,
or Vocational
Awardees:
n Ten (10) $1,000 Scholarships will be awarded
n Total of all scholarships will not exceed $10,000
n Proof of attendance with address for mailing of award
n Selection to be made by RANDOM draw
n Lifetime limit of two (2) awards
BORROWING FOR COLLEGE
If you’re considering taking out a loan to pay for you or
your child’s higher education, you’re in good company. Loans
account for more than half of all financial-aid dollars received by
college students. Approximately six out of every 10 students who received a bachelor’s degree borrowed to pay at least some of their college
expenses. Most students who borrowed to earn their degrees believe that student
loans were crucial to their being able to pursue higher education.
The largest source of loans for higher education, and the largest federally sponsored student-aid program, is the Federal Family Education Loan Program (FFELP).
Since the U.S. Congress established it in 1965, the FFELP has delivered more than
$377 billion in aid to students and parents.
FFELP loans offer several benefits. Interest rates typically are below the rates
charged for other types of credit. FFELP loans also offer extremely flexible repayment
terms. Nonetheless, like most debts, FFELP loans must be paid back with interest.
There are two types of FFELP loans: Federal Stafford loans for students and Federal
PLUS loans for parents. Maui County Employees FCU provides our members with
access to the Stafford and Parent Plus loan programs. For more information, please
stop by the Credit Union.
STUDENT LOANS
In addition to the Federal Stafford loan program, college bound students can also apply for a student loan with Maui County Employees FCU. Students must be members in
order to apply. Highlights of the program include:
INTEREST
INTEREST ONLY
ONLY PAYMENTS
PAYMENTS WHILE
WHILE IN
IN SCHOOL
SCHOOL
10
10 YEAR
YEAR AMORTIZATION
AMORTIZATION
UNSECURED
UNSECURED LINE-OF-CREDIT
LINE-OF-CREDIT
$5,000
$5,000 MAXIMUM
MAXIMUM DISBURSEMENT
DISBURSEMENT PER
PER YEAR
YEAR
$20,000
$20,000 MAXIMUM
MAXIMUM LINE-OF-CREDIT
LINE-OF-CREDIT
For more information, call the Loan Department at 244-7968, option 1.
CREDIT CARDS COMING SOON! WATCH FOR DETAILS. CREDIT CARDS COMING SOON! WATCH FOR DETAILS. CREDIT CARDS COMING SOON! WATCH FOR DETAILS. CREDIT CARDS COMING SOON! WATCH FOR DETAILS. CREDIT CARDS COMING SOON! WATCH FOR DETAILS. CREDIT CARDS COMING SOON! WATCH FOR DETAILS. CREDIT CARDS COMING SOON! WATCH FOR DETAILS. CREDIT CARDS COMING SOON! WATCH FOR DETAILS.