EFCU History - Eglin Federal Credit Union

OCTOBER 2014
838 Eglin Parkway NE, Fort Walton Beach, FL 32547-2781
EFCU History
FCU was established in 1954 when
a group of 44 personnel at Eglin Air
Force Base applied for a federal charter,
which was approved on October 11, 1954.
The first year the Credit Union signed up
225 members and had assets of $8,000. In
those early years, one employee worked in
a borrowed office on Eglin Air Force Base
before moving into an old barracks building
near Postal Point, referred to affectionately
as Skunk Hollow. In July 1970, EFCU
built its first permanent branch on Eglin.
Its second full-service branch opened on
Hurlburt in February 1973. Today, EFCU
has nine branches serving 113,000 members
worldwide with assets of $1.6 billion.
In This Issue
E
Navigate to a Better Rate ..........2
New Phone System ....................2
Change in Term Notice............2
Home Is Where the Heart Is ....2
October 11, 2014 is
Eglin Federal Credit Union’s
60th Anniversary.
Thank you Members for giving us
the privilege to serve you.
Nominations Open for Board
of Directors Election ..................3
New Service: Deposit
Checks in a Snap with
Mobile Deposit ...........................4
This Holiday Season
Reward Yourself .........................4
Get a PAL
Before Your
Holiday Travels
Thank you from our branch managers: (seated) Joe Baldwin, Eglin; Myke Brown,
Mail Branch; Bron Ringstad, North Crestview; (standing) Jessica Tomi, Bluewater Bay;
Leah Scott, Mortgage Services; Susan Arnold, Destin; Lesli Harding, Mary Esther;
Loren Stokes, Navarre, Vivian Gonzalez, South Crestview; Kim Clark, Hurlburt, and
Ruth Fennell, Fort Walton Beach.
We’ve seen an increase in
members traveling out of the
area and finding a vehicle they
want. Take a PAL with you. It’s
good for up to 45 days and there
is no charge if you decide not to
use it. You may contact us for an
extension if you need more time
to shop. We’re here to help make
your car buying easy.
Loan Rates
October, 2014
New Autos/Trucks/Vans
Defined as current year and 1-year-old models regardless
of odometer reading or having been previously titled.
Rates as
Low as
APR*
1.75%
2.75%
3.25%
Loan Value
$30,000 and up
Approximate
Repayment Term
60 mos.
72 mos.
84 mos.
Current Year Models: Maximum Loan Amount is
130% of MSRP. We will finance the selling price plus
sales tax, title, tag fees, dealer processing fees, and
Aftermarket Products** not to exceed $3,500.
1-Year Old Models: Maximum Loan Amount is 130%
of NADA Retail. We will finance the selling price plus
sales tax, title, tag fees, dealer processing fees, and
Aftermarket Products** not to exceed $3,500.
**Total of $3,500 allowed in Aftermarket Products
including extended warranty, pre-paid maintenance,
and appearance and protection products.
ake advantage of our low auto loan rates while they are still as low as 1.75%
APR on new or used vehicles up to 5 years old. This rate is available for a
limited time. Apply online at www.eglinfcu.org/Applications.
T
If you borrow $30,000 at 3.25% APR for 84 months,
your monthly payment will be approximately $399.77.
New Phone System
Used Autos/Trucks/Vans
Age of Auto
1.75%
1.75%
2.75%
3.25%
2 & 3 years
4 & 5 years
6-10 years
11-15 years
60 mos.
54 mos.
48 mos.
36 mos.
Maximum Loan Amount is 130% of NADA Clean
Trade value adjusted for high or low mileage. We will
finance the selling price plus sales tax, title, tag fees,
dealer processing fees, and Aftermarket Products** not
to exceed $3,500. Maximum mileage 150,000 without
prior approval.
**Total of $3,500 allowed in Aftermarket Products
including extended warranty and pre-paid maintenance.
If you borrow $25,000 at 1.75% APR for 54 months,
your monthly payment will be approximately $481.80.
New Boat or RV
3.75%
4.75%
5.00%
5.00%
$10,000 and up
$25,000 and up
$50,000 and up
60 mos.
120 mos.
144 mos.
180 mos.
5% down payment required. Applies to never titled,
current year and prior year models. Repayment
Example: If you borrow $20,000 at 4.75% APR* for
120 months, your monthly payment is approximately
$209.73.
Check out our website for financing terms on Used
Boats, RVs, New Motorcyles and Personal Watercrafts.
Line of Credit
This revolving credit line can be used for overdraft
protection on your EFCU checking account. You can also
make cash advances at an ATM, transfer via Home Branch
or write an X-Press Chex.
Share Loan
2.00% APR*
84 mos.
Secured by Savings in S-1 and S-4 Accounts.
Repayment Example: For a share loan, if you
borrow $3,000 at 2.00% APR,* for 84 months your
monthly payment is approximately $38.31.
Platinum MasterCard®
As low as 7.9% APR*
Minimum monthly payment will be $25
or 3% of the statement balance.
Apply online
24/7 atcallwww.eglinfcu.org
Mortgage
Services
x1830
* Annual Percentage Rate (APR). There is a range of rates
for each loan type. The rate received will be determined by
an evaluation of the applicant’s credit. Rates are subject to
change without prior notice. Minimum monthly payment on
all loans is $35 except MasterCard, which is $25. Maximum
deductible for insurance is $1,000 for all collateral types.
FCU updated its phone system this summer for improved service and added
features. When you call, please listen carefully for a new menu of options.
Please be advised that calls may be monitored or recorded for quality assurance.
E
• Select option 1 to call to report lost or stolen debit cards, and MasterCard
credit cards.
• Select option 5 to use STAR TELLER Direct Line.
• New features include branch and employee directories.
With this improved system there’s just one phone number to remember
(850) 862-0111 or for those calling from out of the area, 1-800-367-6159 and
many new features available 24/7.
Home Is Where
the Heart Is
Change in Term Notice
Change in Term notice for Eglin
Federal Credit Union MasterCard®
cardholders, which applies to both
Debit and Credit cards.
Effective October 17, 2014,
MasterCard’s Zero Liability will
apply to all transactions made
with a MasterCard® branded card,
including PIN-based ATM and
POS transactions.
A cardholder will not be liable
for an unauthorized debit or
credit transaction, as long as the
cardholder exercises reasonable
care in safeguarding the card from
risk of loss or theft, and upon
becoming aware, promptly reports
the loss or theft to Eglin Federal
Credit Union.
e’ve all heard the phrase “home
is where the heart is” and for
many people that is the Emerald
Coast. When you are ready to
purchase a home, keep us in mind to
help make that dream come true. We
have a full-service mortgage department ready to assist with all your
financing needs.
We finance new home purchases
and refinances up to 30 years, can help
with construction – permanent loans,
home remodeling loans, funding for
unimproved property, and we offer a
home equity line-of-credit loan with
convenient MasterCard access. These
loans are available in a 7-county area.
Contact Mortgage Services at
extension 1830.
W
2
Spirit
This quarterly newsletter is the main
communication to EFCU’s membership.
Officials
Board of Directors
William S. Rone ............................................... Chairman
Robert Harlan ......................................... Vice Chairman
Daniel A. McInnis ...................................Sec./Treasurer
Richard Adams ................................................... Director
Joseph Majors ..................................................... Director
Barbara Patty....................................................... Director
James Pitts ........................................................... Director
Supervisory Committee
Karen Williams ................................................ Chairman
David W. Heckel ................................................ Member
Jeffrey W. Watson .............................................. Member
Mike Kucera ........................................................ Member
Robert Weaver .................................................... Member
Credit Appeals Committee
* Thrift Savings Plan
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 1-866-512-6109. Nondeposit investment and insurance products are not federally insured, involve investment
risk, may lose value and are not obligations of or guaranteed by the Eglin Federal Credit Union. CBSI is under contract with
the Eglin Federal Credit Union, through the financial services program, to make securities available to members. FR051316DB6C
NOMINATIONS OPEN FOR BOARD
OF DIRECTORS ELECTION
good standing, 18 years or older, will
be eligible to vote. Election results
will be announced at the Annual
Meeting scheduled for Thursday,
March 26, 2015, at the Niceville
Community Center on Partin Drive.
he Nominating Committee is
accepting letters of interest
from qualified members to serve on
the Board of Directors. There are
two positions expiring in 2015 for
three year terms. Coming up for reelection are Directors Barbara Patty
and James Pitts. Nominees must be
EFCU members in good standing.
A “Candidate’s Information Form”
must accompany a letter of nomination. This form is available at the Fort
Walton Beach Branch, sixth floor,
President’s Office. Nomination letters must be received no later than
Friday, November 7. Mail nominations to:
Nominating Committee
Eglin Federal Credit Union
P.O. Box 854
Shalimar, FL 32579
The slate of candidates nominated
by the Committee, and procedures
for additional candidates seeking
nomination by petition will be
published in the January issue of
this newsletter. Election of officials is
scheduled to be done by mail ballot
in late February 2015. Members in
T
Tim Grandberry .............................................. Chairman
Richard Dolby....................................................Secretary
Russ Corbitt ........................................................ Member
Steve Sabin .......................................................... Member
Thomas Smith ..................................................... Member
Your Staff
Phipps McGee........................................ President/CEO
Annie Corbett ........................................Senior VP/CFO
Jerry Williams .........................................Senior VP/CIO
Cathie Staton .........Senior VP Marketing/Compliance
Robin Heintzelman......Senior VP Mortgages/Investments
Kenny Girot ...................Senior VP Branch Operations
Dawn Oravetz ....................Senior VP Data Processing
Tim Farnsworth ............... VP Information Technology
Kim Nauta .................................. VP Branch Operations
C. Grant ................................ VP Accounting/eServices
Gina Denny ................................. VP Human Resources
Ruth Fennell .................. Fort Walton Branch Manager
Joe Baldwin ................................ Eglin Branch Manager
Kim Clark ............................ Hurlburt Branch Manager
Vivian Gonzalez ........... S. Crestview Branch Manager
Bron Ringstad ............. N. Crestview Branch Manager
Lesli Harding .................Mary Esther Branch Manager
Jessica Tomi................Bluewater Bay Branch Manager
Susan Arnold ........................... Destin Branch Manager
Loren Stokes..........................Navarre Branch Manager
Myke Brown ............................... Mail Branch Manager
Leah Scott ......................... Mortgage Services Manager
Debby Chambers .....................Mortgage Compliance/
Collection Manager
Susan Coup ...................Accounting Services Manager
Tracy Osborn ...................... eServices Branch Manager
Sherry Harlow .................................Marketing Director
www.eglinfcu.org
Phone Numbers
Main Switchboard: (850) 862-0111
Crestview Residents: (850) 682-6688
Nationwide: 1-800-367-6159
STAR TELLER Direct Line:
(850) 863-3517 or
Long Distance 1-800-468-8513
Change PIN 24/7
ATM or Debit Card
call 1-866-665-8716
To Report Lost Cards:
3
EFCU Debit Card
1-800-472-3272
MasterCard®
1-800-325-3678
Welcome to the EFCU
Field of Membership
Great Florida SMiles & Orthodontics
HG Customs
RealJoy Vacations
NEW SERVICE: Deposit Checks
in a Snap with Mobile Deposit
Invite a family member
to join EFCU!
eed to make a deposit? There’s no need to visit a branch or mail in checks —
it’s easy to deposit checks anytime, anywhere from your smartphone or tablet
using our Eglin FCU Mobile App.
N
Holidays
Offices will be closed to observe:
November 11........................Veterans
November 27................Thanksgiving
December 25.......................Christmas
January 1...........................New Year’s
Day
Day
Day
Day
• Before you begin, endorse your check, it must include your signature, the
verbiage “For electronic deposit only,” the current date, the account number
and suffix to which you are making the deposit
• Once you are in the app, click the Deposit Check button.
• Enter account number and your Home Branch password.
• Select the suffix and enter the check amount.
• Take a photo of the front and back of your endorsed check(s).
• Go to www.eglinfcu.org/mobilebanking/mobiledeposits/FAQ to learn more
about Mobile Deposits.
(Available Now for Android Devices | iOS Device availability pending Apple Review)
This Holiday Season Reward Yourself
Use your MasterCard® ScoreCard® with Rewards for Holiday Shopping:
• Rates are as low as 8.9% APR
• No annual fee
• No cash advance fee
• No balance transfer fee
• Only 1.1% International Transaction Fee on foreign transactions
Earn rewards for merchandise, travel, attraction tickets and even
restaurant gift cards. Apply online at www.eglinfcu.org/Applications.
Dividends Declared
For the third quarter 2014, the Board of Directors declared a 0.15% APY (Annual Percentage Yield) on savings; and a
0.05% APY on checking accounts. Dividend rates are declared by the Board of Directors at the end of each quarter from
available earnings. Please contact the Credit Union for further information about other types of share accounts, rates,
terms and fees.
Funds in your account(s) with us are insured by the National Credit Union Administration
to at least $250,000 and backed by the full faith and credit of the United States.
This publication does not constitute legal, accounting or other professional advice. Although it is intended to be
accurate, neither the publisher nor any other party assumes liability for loss or damage due to reliance on this
material. Websites not belonging to this organization are provided for information only. No endorsement is implied.
Images may be from one or more of these sources: ©Thinkstock, ©iStock, ©Fotolia. ©2014 Eglin Federal Credit Union.
4
We Do Business in
Accordance with the
Federal Fair Housing
Law and the
Equal Credit
Opportunity Act