July 2016 Newsletter - Allegany County Teachers FCU

Inside Links
ACM Student Incentives | Deposit Your Checks Anytime, Anywhere! | Money Desktop | Members Get Deals! | Community Corner | Annual Membership Meeting Service Awards
Patricia Folk Honored with Prestigious Wright Patman Award | Get Moving & Improving with a Home Equity Loan | Read & Win | Holiday Closings | Buddy Bookworm Club
Let Summer Fun Begin!
Allegany College of Maryland
Student membership and
auto loan Incentives
MOBILE
DEPOSIT
60 Days No Pay on an Auto Loan
As the first area Credit
Union to offer this service –
we’re moving into the future
with our members!
$5000 or $10000 Deposit
$5000 or $10000 Gift Card
Use Your Smart Phone or
Tablet to DEPOSIT CHECKS
DIRECTLY Into Your ACTFCU Checking, Savings or
Money Market Account!
112279
Prior to receiving any student package incentive, the student must show proof of enrollment at Allegany College of
Maryland. The first 250 ACM students who become new members at ACTFCU, open a checking account and are issued a
debit card will receive a scratch-off card for a $50.00 or $100.00 checking account deposit. There is a per student limit
of one scratch-off card for a deposit. The deposit amount will be awarded after the student completes 5 check card
transactions within the first 60 days of account opening. The first 100 ACM students who take out an ACTFCU auto loan
of $3,000 or more will receive a scratch-off card for a $50.00 or $100.00 gift card and 60 day no payment period on
the loan. There is a per student limit of one scratch-off card for a gift card. Interest will accrue during the 60 day no
payment period. Further restrictions and requirements apply. This offer is valid 07/01/16–11/30/16 while supplies last
and is subject to change without notice.
A QUARTERLY PUBLICATION OF ALLEGANY COUNTY TEACHERS FEDERAL CREDIT UNION
Enroll in this new service
at any of our three
convenient locations.
Some restrictions and
requirements apply.
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Allegany County Teachers Federal
Allegany County Teachers Federal
Credit Union
is Now Offering…
Credit Union is Now Offering…
Allegany County
Teachers
Federal
Allegany
County
Teachers Federal
Credit UnionCredit
is Now
Offering…
Union
is Now Offering…
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Visit www.alcoteachersfcu.org to view an informational video.
Start using
MoneyDesktop
today! and
Secure
Convenient,
Engaging
Start using MoneyDesktop
today!
COMMUNITY
CORNER
Allegany County Teachers
Federal Credit Union members
and employees recently raised
$1,700.00 for the March of
Dimes, $1,700.00 for Emma’s
Wish Foundation to offer financial
support for families affected by
DIPG and $62.53 to the Credit
Union Foundation of MD & DC in
support of financial literacy! Thank
you for your amazing support.
We’re Delivering DEALS!
Allegany
County MoneyDesktop
Teachers Federal Credit Union hastoday!
discount tickets to some
Start
using
of the area’s most popular attractions. ACTFCU members can stop by the
Credit Union and get in on
the extra savings
today! by
Federally
insured
NCUA
PA R K DISCOUNT PRICE
DelGrosso’s
$20.00
Federally insured
by
NCUA
301-729-8015
• www.alcoteachersfcu.org
Federally
Amusement
Park insured by NCUA
Kennywood $28.50
Idlewild and
$30.50
301-729-8015 •301-729-8015
www.alcoteachersfcu.org
Soak Zone
• www.alcoteachersfcu.org
Hersheypark
$48.95 / Regular
$36.95 / Juniors (Ages 3-8)
$36.95 / Seniors (Ages 55-69)
Six Flags
$38.50 – E-consignment Ticket
America
$31.00 – Value Day Ticket
Federally insured by NCUA
Members can get discounted Six Flags America tickets online at sixflags.com/PartnerLogin.
Please call the Credit Union for Store Sign-In credentials.
301-729-8015
• www.alcoteachersfcu.org
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Annual Membership Meeting Service Awards!
Allegany County Teachers Federal Credit Union recently held its 66th Annual
Membership Meeting on April 16, 2016, at the Ali Ghan Shrine Club in Cumberland, MD.
During the meeting, we had the pleasure of recognizing the following employees and
volunteer for their years of service with the Credit Union:
Staff Service Awards
Volunteer Service Award
5 YEARS OF SERVICE
CARRIE WITT
JESSICA CRITES
KATHY WARNICK
30 YEARS OF SERVICE
G. ED DAWSON
READ & WIN
Three randomly selected account
numbers are hidden in this
newsletter. Find YOUR account
number and call Cathy by
July 31, 2016 to receive $25.
Hint: Look near the pictures.
Best of luck!
Thank you all for your years of dedicated service
to Allegany County Teachers Federal Credit Union!
Patricia Folk Honored with Prestigious Wright Patman
Award from MD|DC Credit Union Association
Patricia Folk, President/Treasurer of Allegany County Teachers
Federal Credit Union was honored with the Wright Patman Award
for extraordinary achievement and commitment to credit unions
by the MD|DC Credit Union Association. The award was presented
following the Annual Business Meeting on June 7 in Ocean City,
and is the Association’s highest honor.
Visit our website at
www.alcoteachersfcu.org
for information, loan
applications, and more!
Patricia has been with the Allegany County Teachers FCU for 38
years, more than 30 of those as President/Treasurer. Under her
leadership the credit union has grown dramatically from $2.3
million in assets and 1,600 members - to more than $100 million
in assets and 9,000 members.
She is a strong advocate for financial literacy, taking the lead in organizing the Western Maryland
Chapter's Dollars & Sense Financial Reality Fairs. Since 2011,10 reality fairs have been held in
Allegany County, educating more than 3,500 students.
The award honors the legacy of the late Congressman John William Wright Patman who was a cosponsor of the original Federal Credit Union Act in 1934. The award is given to an individual who
epitomizes Wright Patman's commitment and dedication to credit unions and credit union values.
Get Moving & Improving with a
Home Equity Loan
Holiday Closings
Speak with a loan officer to learn more about our Home Equity Loans.
Borrow up to $50,000
RATES AS LOW AS
2.25%
2.75%
APR* up to 60 months
107436
INDEPENDENCE DAY
Monday, July 4
LABOR DAY
Monday, September 5
COLUMBUS DAY
Monday, October 10
APR* up to 120 months
*Annual Percentage Rate. Rates and terms are accurate as of June 1, 2016, and
subject to change without notice. At 2.25% APR for 60 months, the approximate
monthly payment is $17.64 per $1,000.00 borrowed. At 2.75% APR for 120 months,
the approximate monthly payment is $9.54 per $1,000.00 borrowed. Please call
today for specific financing terms. Membership eligibility requirements apply. Some
restrictions apply.
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Due to recent acts of fraud,
limitations have been established for
the following debit card transactions:
Grocery Store Purchases ($400.00)
Pharmacy Purchases ($200.00)
Apple iTunes Purchases ($200.00)
For more information,
contact a credit union
representative at
301-729-8015.
Buddy
Bookworm Club
WE WOULD LIKE TO WELCOME OUR
NEWEST BUDDY BOOKWORM MEMBERS,
Gwendolyn Whitmyer
Jasmyne Folk-Hopps
Kellen McKenzie
Brooks Stevenson
Layla Blankenship
Amelia Blankenship
Zackery Nave
Christian Nave
RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE.
SOME RESTRICTIONS MAY APPLY.
SHARES
Dividends as of June 1, 2016
APRAPY
Regular Shares ($5.00 and Above)
0.20%
0.20%
Share Draft
0.00%
0.00%
Christmas Club
0.25%
0.25%
Summer Savings
0.25%
0.25%
IRA
1.30%1.31%
Money Maker Money Market
($2,500.00 - $20,000.00)
0.25%
0.25%
($20,000.01 - $50,000.00) 0.30%
0.30%
($50,000.01 - $75,000.00) 0.35%
0.35%
($75,000.01 and Higher)
0.50%
0.50%
Certificate Rates as of June 1, 2016
SHARE CERTIFICATE ACCOUNTS*
6 Month (90 day early withdrawal penalty)0.50%
0.50%
12 Month (90 day early withdrawal penalty)0.60%
0.60%
18 Month (180 day early withdrawal penalty)0.70%
0.70%
24 Month (180 day early withdrawal penalty)0.80% +.10% > 50K0.80%
36 Month (180 day early withdrawal penalty)0.90% +.10% > 50K0.90%
48 Month (180 day early withdrawal penalty)1.30% +.10% > 50K1.31%
60 Month (180 day early withdrawal penalty)1.55% +.10% > 50K1.56%
* Minimum deposit is $500.00. Note: All share accounts are paid monthly on the average
daily balance. All accounts must be open at the end of the dividend calculation period in
order to earn a dividend.
LET
Loan Rates as of June 1, 2016
LOANS (Risk Based Lending Rules Apply)
AS LOW AS
Special Spring Loans (January 1 - April 15)
12 Months 24 Months
36 Months *Maximum $3,000.
F UbN
egin!
14316 National Highway SW
LaVale, Maryland 21502
(301) 729-8015
Fax (301) 729-2147
204 S. Lee Street
Cumberland, Maryland 21502
EXT. 4010 & 4011
(301) 729-8015
Fax (301) 777-3928
11905 Messick Road
Cumberland, Maryland 21502
(301) 729-8015
Fax (301) 724-1620
www.alcoteachersfcu.org
$3,000
Borrow up to
now through September 30, 2016!
VACATION LOAN
R AT E S A S L O W A S
3.49% APR*
UP TO 12 MONTHS
3.99% APR*
UP TO 24 MONTHS
4.49% APR*
UP TO 36 MONTHS
Applying is quick and easy. Just give us a
call or visit www.alcoteachersfcu.org to get
started today.
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© CUAdvantage.com • (877) 799-0784
3.49% APR
3.99% APR
4.49% APR
Special Christmas Loans (September 1 - January 31)
*Maximum $3,000.
Vacation Loans
12 Months
24 Months
36 Months
3.49% APR
3.99% APR
4.49% APR
Computer Loans (Bill of Sale or Receipt)
36 Months
5.99% APR
Signature Loans
12 Months
24 Months 36 Months 48 Months
60 Months
7.99% APR
7.99% APR
7.99% APR
8.50% APR
9.00% APR
Signature Loans 30, 60, 90 Day Notes
Credit Card Loans (No Annual Fee)
Consolidation Loans*
9.50% APR
9.50% APR
5.99% APR
*Maximum $3,000.
*Maximum $3,000.
*Loans eligible for .25% reduction if member has both Checking Account and
Automatic Loan Payment. Mortgages, Home Equity, & MBL are not eligible.
*Using vehicle and available Signature amount.
New Auto Loans (100% Financing)
12 to 36 Months 1.49% APR
37 to 48 Months 1.49% APR
49 to 60 Months
1.49% APR
61 to 72 Months
2.49% APR
73 to 84 Months
3.24% APR
Used Auto Loans
36 Months
2010-2016
1.99% APR
48 Months
2010-2016
1.99% APR
60 Months
2010-2016
1.99% APR
72 Months (Greater than $10,000) 2010-2016
2.99% APR
84 Months (Greater than $20,000) 2010-2016
4.00% APR
60 Months
Older than 2010
3.24% APR
Motorcycle Loans - New & Used
Add .50% to Above Stated
84 Months
New/Used Auto Rates
New Motor Homes (80% Financing)
New Up to 144 Months
7.25% APR
Used Up to 144 Months
7.50% APR
Older than 2003 Up to 120 Months
8.49% APR
New Campers, Trailers, Pop-Ups, Boats
5 years
5.25% APR
6 years (Greater than $10,000)
6.25% APR
7 years (Greater than $20,000)
7.99% APR
*Max term on Boats - 72 months.
Used Campers, Trailers, Pop-Ups, Boats
5 Years
UCC Secured - New Bobcats, Tractors, Etc. (Signature)
5 Years
UCC Secured - Used Bobcats, Tractors, Etc. (Signature)
5 Years
New Off Road/ATV’s, dirt bikes, jet skis, snowmobiles
5 Years
Used Off Road/ATV’s, dirt bikes, jet skis, snowmobiles
5 Years
Share Secured
Up to 60 Months
61-120 Months
Share Certificate Secured
6.25% APR
5.25% APR
6.25% APR
4.99% APR
5.99% APR
3.20%
4.20%
*Annual Percentage Rate. Rates and terms are
Up to 60 Months (If loan term ends before CT matures)
3% Above CT Rate
Greater than 60 Months (If loan term ends after CT matures)
4% Above CT Rate
accurate as of June 1, 2016, and subject to change
Money Maker Money Market Secured
without notice. At 3.49% APR up to 12 months, the
Up to 60 Months
3.25% to 3.50%
61-120 Months
4.25% to 4.50%
approximate monthly payment is $84.90
First Mortgage - Contact a Loan Officer for Today’s Rates
Second Mortgage - Junior Lien
5 Years
3.25% APR
per $1,000.00 borrowed. At
10 Years
4.50% APR
3.99% APR up to 24 months, the
15 Years
4.75% APR
Home Equity - 1st Lien
5 Years
2.25% APR
approximate monthly payment
(Maximum Amount $50,000)
10 Years
2.75% APR
is $43.41 per $1,000.00
Home Equity - 2nd or Junior Lien
5 Years
3.25% APR
borrowed. At 4.49% APR
10 Years
4.25% APR
up to 36 months, the
BUSINESS LOANS
AS LOW AS
New/Used School Bus (80% LTV)
approximate monthly
12 Years Maximum
Prime+2 to Prime+5
payment is $29.74 per
New Auto Loans (80-100% LTV)
12 to 60 Months Consumer rate+1 to +5
$1,000.00 borrowed.
61 to 72 Months Consumer rate+1 to +5
Please call for specific
73 to 84 MonthsConsumer rate+1 to +5
Used Auto Loans (80-100% LTV)
financing terms.
12 to 60 Months
2010-2016 Consumer rate+1 to +5
Membership eligibility
61 to 72 Months
2010-2016 Consumer rate+1 to +5
73 to 84 Months
2010-2016 Consumer rate+1 to +5
requirements apply.
12 to 60 Months
Older than 2010 Consumer rate+1 to +5
Some restrictions
Equipment Loans (80% LTV)
A QUARTERLY
FEDERAL CREDIT
12TEACHERS
to 60 Months
Prime+2 UNION
to Prime+5
may apply. PUBLICATION OF ALLEGANY COUNTY
60 to 144 Months
Prime+2 to Prime+5
Rental Property (80% LTV)
15 Years Maximum
Current Prime Interest Rate is 3.50%
6.50% APR