May/June 2011 - Delta Community Credit Union

Volume 10 Issue 3 | May/June 2011
Rick’s Insights
Dear Member,
Having a home of your own remains the “American dream.” While
financial institutions offering mortgages have certainly tightened
underwriting guidelines in recent years, homeownership can still
be a reality for those who position themselves to pay for a
mortgage responsibly.
lender you can trust who understands your needs and can provide
you with options that fit your budget is also very important.
If you’re a prospective home buyer, I recommend you establish good
credit by paying your bills on time and managing down any debt you
may have incurred. Something else that will help you secure a loan
and qualify for better terms is having funds set aside in savings for a
sizable down payment.
When buying a home – especially if you’re a first-time home buyer,
you may encounter unfamiliar terms and concepts. Delta Community
understands this. That’s why we have a Real Estate Services team that
can help with all your mortgage needs. Our Home Loan Specialists
are conveniently located at many of our metro Atlanta branches.
Whether you’re purchasing a home or refinancing, they can answer
your questions and help you feel more comfortable with the
mortgage process.
You can also check your credit score occasionally to ensure that your
score is in line with your credit history. Another thing to consider is
pre-qualifying for a mortgage. This will help you to know how much
of a house you can actually afford.
For me, a home is much more than just a roof over my head. It is
the place where I find refuge from daily cares and share my life with
family, friends and loved ones. Like Delta Community, a home is the
place where life comes together.
As a homeowner, you can do things that will maintain and potentially
increase the value of your home. If you’re considering selling your
home, make sure any needed repairs are done before the house
goes on the market. Given the current housing market, you may
find it to be a better financial decision to make home improvements
instead of selling.
If you’re considering purchasing a home or refinancing, know that
your credit union can help. We’re uniquely positioned to understand
your needs and respond with the service-oriented approach you’ve
come to appreciate as a member of Delta Community.
On the other hand, there has never been a better time to purchase
a home than now. Mortgage rates remain low, which means savings
on interest over the course of your loan. Working with a mortgage
Rick Foley
President & CEO
In This issue
• Move Into A Delta Community Home Loan Today
• Help Family And Friends Save Time And Money With A Delta Community Checking Account
• Get The Reward You Want – Now • Retirement Planning Advice For My Daughter
• Business Banking – Make It Personal Now And In The Future • Take Control Of Your Visa® Account
Where Life Comes Together
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Atlanta Metro
Atlanta
1025 Virginia Avenue
Atlanta, GA 30354
Atlanta
Hartsfield-Jackson Atlanta
International Airport
Atlanta, GA 30320
(Located on Concourse A)
Buford (in Kroger)
3300 Hamilton Mill Road
Buford, GA 30519
Canton (in Kroger)
6766 Hickory Flat Highway
Canton, GA 30115
DECATUR
245 West Ponce de Leon
Decatur, GA 30030
Duluth
1980 Satellite Boulevard, NW
Duluth, GA 30097
Fayetteville
140 Highway 92, South
Fayetteville, GA 30215
Gainesville
Village Shoppes at Gainesville
891 Dawsonville Highway
Suite 140
Gainesville, GA 30501
Marietta
2627 Dallas Highway, SW
Marietta, GA 30064
Marietta
1205 Johnson Ferry Road
Suite 108
Marietta, GA 30068
Peachtree City
Braelinn Village
Shopping Center
472 Crosstown Drive
Peachtree City, GA 30269
Peachtree City
315 Highway 74, North
Peachtree City, GA 30269
Sandy Springs
1100 Hammond Drive
Suite 100
Sandy Springs, GA 30328
Snellville (in Kroger)
Presidential Commons
Shopping Center
1670 Scenic Highway, North
Snellville, GA 30078
Stockbridge
285 Center Pointe Parkway
Stockbridge, GA 30281
Stockbridge
5006 Mt. Zion Parkway
Stockbridge, GA 30281
Suwanee (in Kroger)
2121 LawrencevilleSuwanee Road
Suwanee, GA 30024
Vinings
3250 Riverwood Parkway
Atlanta, GA 30339
Coming Soon!
Johns Creek
6700 McGinnis Ferry Road
Johns Creek, GA 30097
Move Into A Delta Community
Home Loan Today
Homeownership remains very high on the list of goals for most Americans. The
truth is even in a challenging economic environment, families are still looking
for the perfect place to call home. That’s why we’re still helping individuals and
families make this goal a reality. Our common approach to helping our members
through the sometimes stressful part of homeownership is making the process as
easy as possible through a simple online or in-branch application.
Whether you’re a first-time home buyer, refinancing an existing loan or making
improvements to your current home, Delta Community offers a wide selection
of home loans to service a variety of needs. Our mortgage portfolio includes a
First-Time Home Buyer Program1, fixed and adjustable rate mortgages, home
equity loans and jumbo loans, just to name a few. Because we know choosing
the right loan is very important, we’ll find one that works best for you and
your family.
All applicants are assigned a Home Loan Specialist who can provide valuable
information about our mortgage products, the complete loan process and
servicing and convenient payment options. If you just want to schedule some
time to consult with a Specialist, they’re available at most of our metro Atlanta
branches, as well as by phone appointment.
As a member of Delta Community, you’ll have access to our complete suite
of Online Banking tools and servicing where you can set up your monthly loan
payment. Enjoy even more convenience with our Mobile Banking service, which
gives you more control over your account.
There’s no better time to get your home loan with Delta Community. Right now
we’re offering $500 toward the closing costs of a new home purchase.2
So get started now!
Newnan
1825 Highway 34, East
Newnan, GA 30265
For more information about our home loan products, visit our web site at
www.DeltaCommunityCU.com or call 1-866-963-7811 to speak with one of
our Home Loan Specialists today!
Out of State
1Only available in Georgia. 2Offer applies to new home purchases only.
Florence, KY
(Cincinnati Metro)
4885 Houston Road
Sibcy Cline Building
Suite 102
Florence, KY 41042
Southlake, TX
(Dallas Metro)
Southlake Corners
100 North Kimball Avenue
Suite 103
Southlake, TX 76092
Salt Lake City, UT
Salt Lake City
International Airport
765 North Terminal Drive
Delta Terminal 2
Salt Lake City, UT 84122
(Located behind airport security)
Delta Air Lines
Atlanta (Technical
Operations Center)
1775 Aviation Boulevard
Atlanta, GA 30320
Atlanta (World
Headquarters)
1030 Delta Boulevard
Atlanta, GA 30320
Visit our web site for branch and drive-thru hours.
Page 2
Help Family And Friends Save Time And Money
With A Delta Community Checking Account
Our members are the very best source we have for spreading the news about our products and services. That’s especially true when it comes to
a checking account. With no maintenance or per check fees and no required minimum balance, it’s easy to see why a Delta Community Checking
Account saves you money.
If you know someone tired of paying multiple fees on their checking account, why not tell them about ours? You already know first-hand about the
honest value we offer in our products. So why not spread the word? You’ll help friends and family save some money, and you can earn a little too!
Share our interest-bearing Checking Account with your friends and family so they can also enjoy FREE checking services
that include:
n Online and Mobile Banking Services
n Online Deposit
nVisa® Check Card with Reward Points n Overdraft Protection
n eStatements
When you refer someone to Delta Community and they open a Checking Account, you’ll EACH have the opportunity to
earn money. The more products and services the person you refer gets, the more money you both will earn!*
n $10 for a Savings & Checking Account with Check Card**
n $10 when the new member establishes Direct Deposit
n $10 when the new member signs up for and uses Online Bill Pay
In order to qualify for the promotion, the new account holder must sign up for the products
above within 60 days of the account opening and make purchases using their Check Card.
So go ahead and let everyone know what you already know about the great service,
convenience and security that come with a Delta Community Checking Account.
Visit www.DeltaCommunityCU.com/Refer or stop by one of our branches to find
out more about the referral promotion.
* $5 of the total cash earned by new member will be used as their required $5 share in Delta Community Credit Union.
Checking Account with Check Card is a requirement for this promotion. Referred member must qualify for a Checking Account
within Delta Community CU guidelines. Total money earned will be credited 8-12 weeks from referred member’s account
opening date. Bonus earned through this promotion is subject to IRS reporting. Existing member and referred member must
be 18 years or older. Existing member must be in good standing at Delta Community Credit Union.
** Check card can earn Reward Points, however enrollment is not automatic and requires a separate enrollment process
to participate in program.
You Have The Power.
Get The Reward You Want—
Now
If you haven’t redeemed your Reward Points lately because you’re saving for that big-ticket item,
wait no more. Our new PowerPay feature gives you the flexibility to redeem for Merchandise,
Gift Cards, Entertainment and Experiential rewards that are worth 3,500 points or more using a
combination of points—and dollars. As long as you have a minimum of 3,000 points to redeem,
you pay the difference with your Delta Community Visa® Check or Credit Card.
Here’s an example of how PowerPay works. If you want to redeem for a $100 Gift Card valued at 10,000 points and had only 8,000 points
available, you could pay the remaining $20.00 (for the 2,000 points) on your Delta Community Visa Credit Card instead of waiting until you
reached a balance of 10,000 points.
We make earning rewards simple, flexible and gratifying. If you haven’t already done so, sign up for Reward Points and earn points for all your
daily purchases with your Visa Check Card or Credit Card. Sign for all your Visa Check Card purchases and receive 1 point for every $2 spent.
And get 1 point for each $1 in eligible purchases made with your Visa Credit Card.
Log in to your Reward Points account today and use PowerPay to get the reward of your of choice—without the wait!
Page 3
Retirement Planning Advice For My Daughter
A Note From Delta Community Retirement & Investment Services
Financial Advisor, Shaun Crawley, CFP®
“Hey, Dad! What should people my age be doing for retirement?” Such a challenging question deserves much thought. And
since I helped bring her into this world, she deserves a response from both my brain and my heart.
My first reaction is that my 20-something daughter is off to a good start by asking advice from someone she trusts. She will be well
served throughout her life by seeking financial advice from people who are both knowledgeable and trustworthy. However, she might be
surprised to learn that I don’t think saving for retirement should have the highest priority on the list of steps to take for the people in the
20-30 age range.
Here’s what I would say to my daughter, and this applies to any young person:
Spend less than you make. Live like you’re poor, or at least well within your means. Drive your car into the ground before buying a
new one. Avoid eating out often. Pay cash for everything. Make every dollar you spend count so you’ll build up cash for your emergency fund
and for investing as well. If you ignore the rest of my suggestions and spend less than you make, you’ll have lifelong financial well-being.
Build your nest. Low home prices and historically low interest rates make it a great time to be a first-time home buyer. But don’t just buy
a home, buy a neighborhood. Avoid areas where prices are depressed due to a high number of foreclosures. Consider instead buying the
least expensive home in a neighborhood without much foreclosure activity.
Stay healthy. One of the best things you can do for your retirement is establish healthy eating and exercise habits. In addition to being
good for you, you’ll decrease the likelihood of depleting your financial resources on high medical and long term care expenses in retirement.
Invest for the long term. At a minimum, always contribute up to the employer’s match on a 401(k). If you’re self-employed, the pretax contributions limits are quite generous in a SEP IRA. Select investments for the long haul using equity index funds (small cap funds and
emerging market funds are two of my favorites). When the stock market has those temporary setbacks, and it probably will, you’ll be buying
at a discount. You can’t control the market, but you can control your investment behavior. Remaining consistent with your investments will
also reduce both taxes and expenses.* And by beginning early and steadily saving, you’ll be getting rich slowly and less tempted to invest
in dubious “get rich quick” schemes.
Choose your career carefully. If you don’t make much money or if you’re in a declining industry, it’s hard to save for retirement.
And if you’re fortunate enough to find a career that you love, you’ll never work a day in your life.
While the steps I’ve suggested are not easy, they can be achieved. This leads me to my last bit of advice. Take time each day to appreciate
life and the actions you’re taking toward a comfortable retirement.
Love, Dad
As your financial coach for life’s events, Delta Community Retirement & Investment Services is READY to help. Take charge of your
financial future – now! To schedule a complimentary consultation with a member of our team, please call 404-677-4890 or
1-800-544-3328 (option 3, then 4).
Julie Bates, CFP®, Terry Anderson, CRPC®, Debbie Parrish, CRPC®, Shaun Crawley, CFP® and
Taylor Hamilton, CRPC® are Financial Advisors with Delta Community Retirement & Investment
Services located at Delta Community Credit Union. Contact our Coordinator, Glenda Algere-Jackson,
to schedule a complimentary consultation with one of our Financial Advisors.
*Representative is neither a tax advisor nor attorney. For information regarding your specific tax situation, please consult a tax
professional. For legal questions, including a discussion about estate planning, please consult your attorney.
Representatives are registered, securities are sold, and investment advisory services offered through CUNA Brokerage Services, Inc.
(CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor, 2000 Heritage Way, Waverly, Iowa 50677, toll-free
(866) 512-6109. Nondeposit investment and insurance products are not federally insured, involve investment risk, may lose
value and are not obligations of or guaranteed by the financial institution. CBSI is under contract with the financial institution,
through the financial services program, to make securities available to members.CUNA Brokerage Services Inc., is a registered broker/
dealer in all fifty states of the United States of America. FR031130-D9A0
Pictured: Taylor Hamilton, Julie Bates, Shaun Crawley,
Terry Anderson and Debbie Parrish.
Page 4
Business Banking – Make It
Personal Now And In The Future
Choosing a place for your business banking is not unlike choosing where you do your personal
banking. You want to know that the financial institution has the products and services you need,
experienced professionals you can trust and a solid reputation in the financial arena.
When evaluating business needs, think about the products you’ll depend on for the success of your
current business and also those that support potential growth in the future. That’s especially true if
you’re anticipating being in the market for a loan over the next few years.
But that’s just part of the equation. Guidance and support from professionals trained to help you
become smarter about your special banking needs are essential. Your business account advisor should
be able to offer you techniques for success, financial planning and sound general business advice.
With over 70 years of experience as a trusted provider of personal financial
services, Delta Community is now well suited to provide for your business
with products that include:
n Interest-bearing Business Checking Accounts
n
n Online Banking and Mobile Banking services
n
n Visa® Business Check Card n
n
Visa Business Platinum Rewards Credit Card*
Savings and Money Market Accounts
Low-interest Loans
Business Insurance from
Members Insurance Advisors
Delta Community provides you with personalized trusted service to keep your business running strong now and in years to come. If you’re
looking for banking solutions for your everyday business and those for future growth, call 1-866-608-3228 to speak with a Business Services
Specialist or visit www.DeltaCommunityCU.com/Business to learn more.
* 2,000 enrollment bonus points applies to new first time Delta Community CU Reward Points program enrollments only. All standard Delta Community CU Reward Points rules apply.
1,000 bonus points applies for eligible signature based purchases made within 30 days of card issuance. All standard Delta Community CU Reward Points rules apply. For complete
program details, visit www.DeltaCommunityCU.com/rewards.
Take Control Of Your Visa Account
With Free, Convenient Payment Options
®
Today was a great day. Your presentation at work was a success, dinner is made and your daughter’s science project is complete! But you
forgot to pay your Delta Community Visa payment.
It happens to the best of us. To help you better manage your account, Delta Community offers a number of free and convenient options so that
you have the assurance of knowing your payments are made on time.
Online Banking is a free and secure service that allows you to manage your account any time from any place with just the click of a mouse. You
can view your account activity, make a payment or transfer funds. Register for eStatements and receive automatic email notifications that tell
you when your Visa billing statement is ready.
Mobile Banking is account management made easy in the palm of your hand. No matter where you are, you can
check your balance, instantly make payments, transfer funds and receive account alerts.
Automatic Payments are easy, convenient and give you control. You can ensure your Delta Community Visa
Credit Card payment is always paid on time with this free service. Choose to either have the entire balance,
minimum payment or a fixed amount transferred from a Delta Community Checking or Savings Account and
applied toward your balance each month.
Make sure one item is always automatically checked off your task list. Learn more and take advantage
of these services today by visiting www.DeltaCommunityCU.com. If you’re interested in
signing up for Automatic Payments, select Forms & Applications under Quick Links
and complete the Visa Cardholder Automatic Payment Authorization form.
Page 5
New NCUA Web Site
The National Credit Union Administration (NCUA) has a new web site. The web site, provided by the Office of Consumer Protection at the NCUA,
offers consumers insight and education to maintain responsible financial affairs.
Visit the new web site at www.mycreditunion.gov for consumer tips and to learn more about credit unions, how credit union deposits are
backed by the full faith and credit of the U.S. government and more.
Allpoint ATM Network Extended to Mexico
The Allpoint Visa® ATM network recently added over 2,500 ATMs across Mexico! This ATM network expansion means you now have surcharge-free
access to your money whenever you travel south of the border. Using a surcharge-free ATM, wherever you are, is smart - especially since some of
the nation’s biggest banks are increasing fees for cash withdrawals from ATMs. In some cases, these transactions could cost you $5 or more.
Our participation in the Allpoint and CO-OP ATM networks gives you access to over 71,000 surcharge-free ATMs worldwide. You can
access these locations through our iPhone application, mobile banking web site or by visiting www.DeltaCommunityCU.com and
clicking Locations (upper right-hand corner).
Protect Your Good Name
Members Insurance Advisors, a wholly owned subsidiary of Delta Community Credit Union, protects the important things
in your life like your family, your home, your car and your business. They also offer protection for your good name with
an identity theft plan which includes monitoring your credit report, watching public records and surveillance of the
Internet. And, in the event your identity is stolen, they offer services to assist you such as:
Fraud Restoration Services
Lost Wallet Service
Identity Theft Insurance
To learn more, visit www.MembersIA.com/IDTheft.asp or call 1-866-941-4547.
Financial Status as of April 30, 2011
Assets: $4,061,000,000
Loans: $2,438,000,000
Deposits: $3,571,000,000
Members: 221,365
Great Connections
Delta Community Credit Union | 404-715-4725 or 1-800-544-3328
Loan Line | 1-800-544-3328
Audioline | 404-715-4627 or 1-800-334-7536
Mortgage Line | 404-677-8784 or 1-866-963-7811
Web Sites | www.DeltaCommunityCU.com, www.MembersIA.com
Holiday Closings
Mon., May 30 | Memorial Day
Mon., July 4 | Independence Day
Insights is a bi-monthly publication for the members of
Delta Community Credit Union. Issues are archived on our
web site for easy reference.
Managing Editor – Autumn Davis
Editor – Jeffrey Deck
Contributing Writers – Natasha Burroughs, Hesper Hall, Kem Henderson,
Renee Jones and Ollie Moore
Editorial Inquiries: Email us at [email protected]
Where Life Comes Together
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