1.99% 2.99% - South Jersey Federal Credit Union

MoneyMonthly
August 2013
The Monthly Newsletter for Members of South Jersey Federal Credit Union
Introducing the NEW .....
YOU HAVE THE
FREEDOM TO CHOOSE
PAY
$
WITH A ZOOM! LOAN
FROM SJFCU
1.99%
NEW AUTO
*
APR / Up to 6 Years
2.99%
USED** AUTO
APR / Up to 6 Years
*
The ZOOM! Loan from
South Jersey Federal Credit Union
gives you the freedom of choice and
purchasing power!
Simply apply for an auto loan at South Jersey Federal Credit Union. When you are approved,
you will receive a check that is good for an amount up to your approval limit. You no longer
need to know the exact price, make or model of the car you are buying. You don’t even need
to know where you will purchase your new or used vehicle. You will receive a ZOOM! check
that can be used at any franchised dealer or SJFCU-approved car seller. Just pick out your
dream car and negotiate your best deal as though you have “cash in hand.” You’ll have all the
purchasing power.
It’s Fast....Easy....Convenient!
Apply today and ZOOM! away in your new car!
*Auto loan rates quoted are for Premier Plus category, up to 6 years and includes one-half percent (0.5%) reduction in rate for payroll deduction or direct deposit. Auto loan promotional rates are for new
loans only. SJFCU refinances not included. Premier Plus category requires a minimum FICO score of 750.**Used car rate applies to model years 2010 and 2011 and 2012/2013 models with over 15,000 miles.
Other rates and terms available to qualified borrowers. Zoom! Loan available for Classic category and above. Rates and terms subject to change at any time at the discretion of the credit union.
www.SouthJerseyFCU.com
800-582-7640
Stay Alert with e-Lerts
Are you utilizing the ease and
convenience of eLerts when you log onto
SJFCU’s eBanking?
Just as eBanking gives you quick access
to view your monthly statement, transfer
funds and set up your bill payments,
“eLerts” provide you with timely
reminders about specified account activity.
Signing up for eLerts is fast and easy!
• First, log into eBanking as usual from the website
www.SouthJerseyFCU.com
• Select “Access Accounts” from the top menu bar
• A second menu bar will appear just below; now click
on “Email Notification”
• Click on “eLert Options” and then click on “Continue”
• Now click on “Add eLert”
There are several eLerts available to choose from:
• Balance Below a Value
• Check Number Range Cleared
• Deposit Above a Value
These and other options are available – pick one, or pick
as many as you need. You can add or delete them as your
informational needs about your account change over weeks
and months. You’re in charge!
Call Us Before Taking that Trip!
Luggage packed – check. Flight tickets
stowed in pocket – check. Home water
heater turned off, delivery service
suspended – check, check. Anything else?
Chances are you and your family still
have some vacation “getaway time” in the
weeks ahead. If you plan to travel far from
home this vacation season, call SJFCU
first – we want to protect you from fraudulent use of your
Visa Check Card, ATM Card and/or Visa Credit Card.
Our fraud alert service might automatically call you if they
detect unusual spending patterns on any cards - including
purchases in far away locations - to verify that the new
charges are legitimate. If the service can’t reach you, your
card usage may be blocked. You don’t want to begin your
vacation that way!
Please notify us at 800-582-7640 if you are planning to leave
for a trip outside of the area or out of the country. Let us
know where you’ll be, and on what dates. Provide us with
your cell phone number, to reach you if needed.
More on 401k Rollovers
Last month, David Graham, LPL financial advisor with an
office here at SJFCU, offered insights into the importance of
“rolling over” any – and all – 401(k)s you might have to IRA
investments for your retirement.
The most important thing about “rolling
over” a 401(k) from a prior place of
employment, said Graham, “is doing
it sooner rather than later. You gain full
control of your funds sooner, and most
importantly, you can better direct your
investment to your own unique risk
tolerance.”
Graham now shares several nuts-and-bolts details of the
process:
“There are no time limits on when you can roll over your
assets,” added Graham. “But once you make the request,
your former employer must send the rollover paperwork out
a within a specific time frame (usually 90 days) to give you
the option of moving the assets.
“Also, there’s no required ‘proof’ of the prior employment
needed. The third-party company which manages the
401(k) typically will notify the previous employer of the
proposed rollover once we (LPL Financial) send them the
paperwork,” said Graham. “They then verify separation of
employment.
“As long as the former employee rolls over the assets (vs.
taking direct payment) there is no time limit involved in
getting the assets into an IRA since it is what’s known as a
“trustee to trustee” transfer,” he added.
The above type of rollover - the “trustee to trustee” option –
is the best choice, according to Graham. Again, “there is no
time limit to roll out your assets, and multiple 401(k)s can
be rolled into one IRA,” said Graham.
“This is where we at LPL Financial can help. We make sure
all documents are filled out properly to ensure a proper
transition from 401(k) to IRA for the client,” said Graham.
Set up an informative appointment with David Graham, by
visiting www.southjerseyfn.com to request an appointment
online, or by calling 800-582-7640.
Securities and Financial Planning offered throught LPL Financial,
Registered Investment Advisor, Member FINRA/SIPC. Insurance products
offered through LPL Financial or its licensed affiliates. SJFCU is not a
broker/dealer and not affiliated with LPL Financial.
NOT NCUA INSURED NO CREDIT UNION GUARANTEE MAY LOSE VALUE
www.SouthJerseyFCU.com
800-582-7640