introducing... - AmeriCU Credit Union

News from AmeriCU Credit Union
AmeriNews
WINTER 2015
YO U TA L K E D. W E L I S T E N E D.
introducing...
a powerful revolution in
online + mobile banking!
Our online + mobile banking upgrade is complete and waiting for you! Visit www.americu.org and click the
button that says “Log In to Online Banking and Bill Pay” to try it yourself, see what’s new, and to start taking more
control over your finances at home and on the go with the latest in online + mobile banking technology. If you’re
an existing online banking user, enter your online banking UserID and password. If you’re new to online banking, use
your account number (without leading zeros) as an initial User ID and your TeleLink PIN as an initial password. For your
protection and security, you will be prompted to verify additional identity information and create a new User ID and
password for future sessions.
Along with our online banking upgrades, we’re excited to introduce new mobile banking apps, including an app
optimized for tablets! You can download the new apps by going to the App Store (iPhones and iPads) or Google Play
(Android phones) and searching “AmeriCU”. For more information about logging in and all the new features – visit
www.americu.org/conversion or call our Member Service Center at 1.800.388.2000.
www.americu.org | 800.388.2000
AmeriNews Winter 2015
IRA + HSA Reminder
It’s important to know the contribution limits and deadlines for each calendar year for your IRA and/or HSA accounts:
HSA Contribution
Limits for 2014
Traditional & Roth IRA Contribution Limits for 2014
( D E A D L I N E : A P R I L 15, 2015 )
(DEADLINE: APRIL 15, 2015)
Single: $3,300
Family: $6,550
Over 55: $1,000
$5,500: Age 49 and younger
$6,500: Age 50 and older
Contribution limits remain the same
for the 2015 calendar year.
PRIOR YEAR IRA/HSA CONTRIBUTION
REQUESTS
To access the Prior Year IRA/HSA
Contribution request form on our new
online banking system, log in at www.
americu.org, click on “Move Money” at
the top of the screen, and then choose
“Prior Year IRA/HSA Contribution
Request”. You will need to provide all
account information (type of account for
contribution, account & share the funds
are coming from, account & share the
contribution is going to, and preferred
method to receive the form for signature).
Prior year contributions are not completed
until all signed documents are received by
the IRA Administrator.
UPCOMING CHANGES TO IRS INTERPRETATION
OF THE IRA ROLLOVER RULE
The IRA Rollover Rule refers to the number
of times per 12 month period an IRA
holder may distribute IRA funds and then
redeposit them back into the same IRA or
into another IRA within 60 days without
tax or penalty.
The previous interpretation from the IRS
stated that an IRA holder may complete
one (1) rollover per 12 month period per
IRA owned. This included IRAs at different
institutions and different types of IRAs.
With this interpretation an IRA holder
could potentially have more than one
qualified rollover.
The IRS has changed its interpretation of
the Rollover Rule to limit an IRA holder to
one (1) rollover per 12 month period,
regardless of the number of IRAs
owned by the individual and no longer
differentiates between the number of IRAs
or IRA types. AmeriCU will be sending
more information to IRA holders. For
additional information, please visit www.
irs.gov.
PROHIBITED TRANSACTIONS ON HSAs
Please remember that an HSA account
CANNOT carry a negative balance. Per IRS
guidelines, this is considered a prohibited
transaction and the account no longer
meets requirements to be considered
HSA Contribution
Limits for 2015
Single: $3,350
Family: $6,650
Over 55: $1,000
an HSA (retroactive to January 1 of the
year in which the prohibited transaction
occurred).
In the case of an HSA with a negative
balance, the fair market value of the HSA
account as of January 1 would be treated
as a distribution and would be reported to
the IRS on Form 1099-SA as a prohibited
transaction. Therefore, no contributions
to the HSA after January 1 of the year
of the prohibited transaction would be
tax-deductible or reported to the IRS on
Form 5498SA. The account would cease to
be an HSA, AmeriCU would cease to be its
Custodian, and you would be ineligible to
open another HSA account with AmeriCU
Credit Union.
If you have any questions about IRAs and
HSAs, please visit any AmeriCU Financial
Center to speak with an advisor. We are
happy to review your options with you!
SAVE
HERE
CHECK BALANCES
TRANSFER FUNDS
DEPOSIT CHECKS
PAY BILLS + MORE!
Download our new
mobile banking app!
Visit the App Store or Google Play
and search “AmeriCU”.
www.americu.org | 800.388.2000
SPEND
THERE
MANAGE
YOUR MONEY
ANYWHERE!
A smart choice for your local financial needs.
INTRODUCING OUR NEW
• new + used vehicles (cars + trucks, marine, RVs, motorcycles)
• home equity + home improvement
• personal loans + credit cards
Visit www.americu.org or login
to online banking for more info!
Board of Election Update
OUR YEAR 2015 ELECTION SCHEDULE:
Monday, March 9, 2015: Annual meeting
and announcement of results of election.
AmeriCU’s Nominating Committee has announced that George
Bauer and Joseph Turczyn have been nominated to run for two open
Friday, March 20, 2015: Deadline for
election of table officers of Board and
Supervisory Committee.
positions on the Board of Directors. As there is only one nominee for
each position to be filled, the election will not be conducted by mail
ballot and there will be no nominations from the floor. The two nominees
Friday, March 27, 2015: Names of elected
Officials and Officers posted in offices.
will be seated at the annual meeting on Monday, March 9, 2015.
Check out our new
AmeriCU Credit
Card app!
You’ve waited your whole working life for this... Now what?
It’s okay. Most people get a little intimidated when it comes to managing their
retirement savings. It’s hard to know where to turn or what to believe. One thing’s
for sure…you need smart people you can trust who can help you sort it all out.
That’s what AmeriCU’s Retirement Peace of Mind™ service is all about: it’s four
simple steps to help ensure that you’re making the smartest choices with your
money given your goals.
Retirement Peace of Mind…complimentary for AmeriCU members.
*AmeriCU Capital Management, LLC, is registered as an investment advisor. Registration as an investment advisor should not be viewed as an endorsement
of the firm by securities regulators nor does it indicate that the advisor has attained a particular level of skill or ability. All investment strategies have the
potential for profit or loss and past performance is not a guarantee of future results. There can be no assurance that any specific investment will either be
suitable or profitable for a client’s portfolio.
Our new standalone credit card app
allows you to manage your AmeriCU
credit card from your smartphone or
tablet and offers enhanced security
features, such as the ability to report
your card lost/stolen. To get the app,
search for “AmeriCU Card” in the Apple
App Store (iPhone and iPad) or Google
Play (Android).
Equal Housing Lender. Membership restrictions apply. Federally insured by NCUA.
A smart choice for your local financial needs.
Upcoming AmeriCU Events
JANUARY
FEBRUARY CONTINUED...
11th Annual Chilly Chili Run/Walk
Cazenovia
Sunday, January 11th, 2015: 1pm
AmeriCU is the principal sponsor of this year’s event and is proud
to once again have a team participating. The proceeds of this event
benefit the Cazenovia Children’s House. www.chillychili.com
CNY Boat Show
Wednesday, February 11th –Friday February 13th: 1pm – 9pm
Saturday, February 14th: 10am – 9pm
Sunday, February 15th: 10am – 5pm
The 2015 CNY Boat Show and Sale will showcase more than 500 all-new
models of power and sail boats, including cruisers, sport boats, pontoon boats,
personal watercraft, and docks. Come see the largest Upstate selection of boats
on display in three huge buildings at the New York State Fairgrounds. In-water
demonstrations, NYS Boating Information Center, and much more.
America’s Greatest Heart Run + Walk Pre-Registration
Griffiss Financial Center
Friday, January 26th, 2015: 11am – 4pm
Pre-register for America’s Greatest Heart Run + Walk at the Griffiss
Financial Center on Hill Rd. in Rome on January 26th from 11am – 4pm
or at Rome Free Academy January 31st from 8:30am – 11:30am. All
proceeds from the Utica and Rome Heart Run + Walk support the work
of the American Heart Association.
FEBRUARY
AmeriCU Home Show
Turning Stone Resort + Casino
Friday–Sunday, February 6th – 8th
Friday February 6th, 2015: 1pm – 7pm
Saturday February 7th, 2015: 10am – 7pm
Sunday February 8th, 2015: 10am – 5pm
Admission: $8 ($2 off with Diamond Card), under 16: FREE
AmeriCU Credit Union is the presenting sponsor of the 2015 Home
Show at Turning Stone Resort & Casino. The event will include
hundreds of companies and experts to answer your questions on
any aspect of home ownership and upkeep! The show is expected
to draw more than 100,000 people looking for all kinds of advice
and products, including design, building & contracting, materials
& supplies, art & furnishing, energy, maintenance, and financing.
www.HomeShowAtTurningStone.com
COMING SOON... THE FAST,
STRESS-FREE WAY TO E-FILE
YOUR TAXES!
It’s that time of the year again. Look out
for more information on how to easily
prepare and e-file your federal return.
www.americu.org | 800.388.2000
MARCH
Annual Membership Meeting
Griffiss Park Office, Community Room | 231 Hill Road, Rome, NY
Monday, March 9th, 2015 at 7:30pm
All AmeriCU members are invited to attend our Annual Membership Meeting.
Your credit union’s 2014 performance and plans for 2015 will be reviewed.
Refreshments and door prizes will follow the meeting.
America’s Greatest Heart Run + Walk
Utica College
Expo: Friday, March 6th, 2015: 9am – 9pm
Utica Run + Walk: Saturday, March 7th, 2015: 6am – 1pm
AmeriCU is once again a sponsor of our area Heart Walks, which has raised
millions of dollars to benefit the American Heart Association. Join us at any or
all of the upcoming Heart Walks and help support this worthy cause!
Home Builders and Remodelers of CNY Home and Garden Show
New York State Fairgrounds
March 19th – March 22nd, 2015
Thursday, March 19th: 5pm – 8pm
Friday, March 20th: 2pm – 8pm
Saturday, March 21st: 10am – 8pm
Sunday, March 22nd: 10am – 5pm
AmeriCU is a sponsor of the 2015 HBRCNY Home and Garden Show – one
of the largest events of its kind in the Northeast. Whether building a home,
remodeling or doing it yourself inside or out, the Home & Garden Show is a
springtime ritual for homeowners and prospective homeowners. Gather ideas
about home building, home improvement projects and to set up appointments
with the experts.
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