Short On School Funds? Here s Help

Transcripción

1 First Class Summer 2015 THE NEWSLETTER OF PEOPLE S ALLIANCE FEDERAL CREDIT UNION Dates to Remember Summer Vacation Loan Special May 1 - July 31 Auto Awareness Month All of July Enterprise Test Drive Event Friday, July 17, 11 a.m. 6 p.m. Saturday, July 18, 8:30 a.m. 2 p.m. 125 Wireless Blvd., Hauppauge, NY Back to School Loan August 1 September 30 Labor Day Monday, September 7 All PAFCU offices closed ATM, Tel-Me, and Website service available. Short On School Funds? Here s Help PAFCU s Back to School Loan will be available from August 1 through September 30, 2015 with rates as low as 7.99%* for up to two years. To apply, visit or call us at (631) , option 1. Protect Yourself Against ID Theft During Summer Travel Your Traditional Credit Union, Always There For You

2 A Message from the President President/CEO Current Loan Rates Loan Type Term APR Signature (Unsecured)/Debt Consolidation New Vehicle Used Vehicle 1-3 years 4-5 years 1-5 years 6 years (over $15,000) 7 years (over $25,000) 1-5 years 6 years (over $15,000) 7 years (over $25,000) 9.99%* 10.99%* 1.74%* 1.99%* 3.24%* 2.19%* 2.19%* 3.99%* Visa Gold open 10.9%* Visa Platinum open 9.9%* * The above annual percentage rates (APR) are the lowest rates offered to applicants with direct deposit of net pay and a checking account. Applicants who are not approved at this rate may be offered credit at a higher rate and/or different terms. All loan requests and rates are subject to credit approval. Rates and terms are subject to change. Current and previous year models. Six (6) month introductory rate of 4.00%. All rates and terms offered are effective June 30, 2015 and are subject to change without notice. Additional terms and conditions may apply. For a full listing of our loan and mortgage rates and to apply visit or call option 1 Dividend Update Regular Share & Club Accounts.20% Annual Percentage Yield.20% Dividend Rate IRA Share Accounts.25% Annual Percentage Yield.25% Dividend Rate Golden Checking, Checking Plus & Escrow.05% Annual Percentage Yield.05% Dividend Rate The Board of Directors has announced a declaration of these dividends to be paid on individual member s eligible balances for the quarter ending June 30, Traveling Soon? Travel Notification Prevents Bumps Along The Way Great Car Loan Rates

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4 En Español Esta gran promoción lo pondrá detrás del volante Tarifas bajas de interés para compra de automóvil nuevo desde 1.74%* Tarifas de interés desde 2.19%* para compra de autos usados. People s Alliance GrooveCar Verano divertido y económico! PAFCU está aquí para ayudarlo People s Alliance Federal Credit Union Obtenga una tarjeta de crédito de visa de PAFCU con tasas de interés bajas desde 9.9%* Nuestra tarjeta de crédito Visa Gold Card ofrece: Nuestra tarjeta de crédito Visa Platinum Card ofrece: Oferta para las personas que cuentan ya con una tarjeta de crédito Visa

5 Great Vehicle Rates Put You Behind The Wheel New A as low Used as low uto R ates as 1. 74%* Auto Rates as 2. 19%* Cool Off This Summer With Low Rate Auto Deals )T S SUMMERTIME AT 0EOPLE S!LLIANCE THAT MEANS HOT TEMPERATURES OUTSIDE AND SUPER COOL DEALS ON 6EHICLE,OAN RATES INSIDE 7E KNOW THAT BUYING AND OWNING A VEHICLE IS NO SMALL FINANCIAL FEAT FROM THE COST OF THE CAR OR TRUCK FINANCING INSURANCE AND MAINTENANCE EXPENSES LIKE GASOLINE REPAIRS AND INSPECTION 7E ALSO REALIZE THAT MOST BUYERS ARE NOT SHOPPING EXCLUSIVELY WITH CASH BUT ARE LOOKING FOR AN AFFORDABLE FINANCING OPTION FOR THEIR NEXT RIDE AND THIS IS WHERE WE CAN HELP!S YOUR CREDIT UNION WE WILL NOT ONLY PASS ALONG BETTER RATES AND LOWER FEES TO MAKE FOR A LOW COST AUTO LOAN BUT WE LL GUIDE YOU IN THE RIGHT DIRECTION TO HELP YOU CHOOSE THE BEST VEHICLE FOR YOUR LIFESTYLE AND BUDGET 7ITH A PRE APPROVED VEHICLE LOAN FROM 0!&#5 YOU CAN SHOP WITH CONFIDENCE KNOWING HOW MUCH YOU CAN AFFORD TO SPEND AND THAT YOU HAVE THE MONEY IN YOUR POCKET!ND WITH 'ROOVE#AR YOU CAN DO A LOT OF LEGWORK FROM THE COMFORT OF YOUR COMPUTER OR TABLET )F GAS MILEAGE IS IMPORTANT TO YOU OR YOU ARE CONSIDERING A HYBRID VISIT FUELECONOMY GOV TO FIND THE MOST FUEL EFFICIENT VEHICLES AS WELL AS A CALCULATOR TO DETERMINE IF A HYBRID VEHICLE CAN SAVE YOU MONEY!RMED WITH THIS KNOWLEDGE AND YOUR PRE APPROVED VEHICLE LOAN YOU ARE NOW READY TO VISIT DEALER SHOWROOMS!ND YOU CAN ALSO VISIT SELECT DEALERS WITH #5!UTO #OUPON TO RECEIVE OFF YOUR VEHICLE &OR LINKS TO 'ROOVE#AR AND YOUR COUPON VISIT WWW PAFCU ORG 3AMPLE 0AYMENT FOR 0URCHASING A.EW 6EHICLE 0URCHASE 0RICE 4ERM MONTHS 0AYMENT )NTEREST 2ATE!NNUAL PERCENTAGE RATE IS THE LOWEST RATE OFFERED TO APPLICANTS WITH DIRECT DEPOSIT OF NET PAY AND A CHECKING ACCOUNT!PPLICANTS WHO ARE NOT APPROVED AT THIS RATE MAY BE OFFERED CREDIT AT A HIGHER RATE!LL LOAN REQUESTS AND RATES ARE SUBJECT TO CREDIT APPROVAL 4HIS OFFER CANNOT BE COMBINED WITH ANY OTHER OFFER Get A PAFCU Visa Credit Card With Rates as low as 9.9%* Visa Gold Card s )NTRODUCTORY RATE OF FOR MONTHS s,ow!nnual &EE s 2ATES AS LOW AS Visa Platinum Card s )NTRODUCTORY RATE OF FOR MONTHS s.o!nnual &EE s %XTRA!WARDS 0ROGRAM s 2ATES AS LOW AS Offer For Existing Visa Card Holders n TRANSFER A BALANCE OF OR MORE FROM ANOTHER FINANCIAL INSTITUTION S CREDIT CARD AND RECEIVE AN!02 OF FOR MONTHS!ND SWITCH FROM 'OLD TO 0LATINUM TO START EARNING REWARDS 4O FIND OUT HOW A 0!&#5 6ISA #ARD CAN SAVE YOU MONEY AND APPLY CALL OPTION OR STOP BY ANY 0!&#5 OFFICE!NNUAL PERCENTAGE RATE IS THE LOWEST RATE OFFERED TO APPLICANTS WITH DIRECT DEPOSIT OF NET PAY AND A CHECKING ACCOUNT!LL LOAN REQUESTS ARE SUBJECT TO CREDIT APPROVAL 4HIS OFFER CANNOT BE COMBINED WITH ANY OTHER OFFER What Can Happen When You Leave Debt Behind? )F YOU RE THINKING YOUR DEBT IS SO LARGE YOU CAN T POSSIBLY PAY IT BACK TAKE NOTE %VEN IF YOU ARE ABLE TO NEGOTIATE A DEBT CANCELLATION WITH THE CREDIT UNION OR OTHER LENDER YOU MAY NOT BE OUT OF THE WOODS 9OU MAY BE FACING A HUGE TAX BILL #ERTAIN EXCEPTIONS APPLY BUT IF YOU RECEIVE A &ORM # h#ancellation OF $EBTv YOU MUST REPORT THE AMOUNT ON THAT FORM TO THE )NTERNAL 2EVENUE 3ERVICE AS TAXABLE INCOME!CCORDING TO THE )23 NEARLY ANY DEBT YOU OWE THAT IS CANCELED FORGIVEN OR DISCHARGED BECOMES TAXABLE INCOME TO YOU 7HY 4HE )23 CLASSIFIES ANY DEBT CANCELLATION AS INCOME BECAUSE YOU RECEIVED FUNDS YOU DIDN T RETURN 7HEN YOU FIRST GOT A LOAN YOU DIDN T PAY ANY TAX ON THE MONEY YOU RECEIVED BECAUSE YOU SIGNED A CONTRACT TO PAY IT BACK "UT ONCE THE CONTRACT WAS ENDED THE MONEY IS YOURS TO DO WITH AS YOU PLEASE "ASICALLY YOU RECEIVED INCOME FOR FREE!ND AS EVERYONE KNOWS THERE IS NO FREE LUNCH 3O 5NCLE 3AM WANTS HIS SHARE #OMMON EXAMPLES OF WHEN YOU WOULD RECEIVE &ORM # INCLUDE CREDIT CARD DEFAULT REPOSSESSION FORECLOSURE RETURN OF PROPERTY TO A LENDER ABANDONMENT OF PROPERTY OR THE MODIFICATION OF A LOAN ON YOUR PRINCIPAL RESIDENCE #ERTAIN EXCEPTIONS AND EXCLUSIONS APPLY SEE YOUR TAX ADVISOR FOR DETAILS "UT FIRST IF YOU ARE IN OVER YOUR HEAD CONTACT THE CREDIT UNION TO EXPLORE ALL OF YOUR OPTIONS

6 PAFCU Branches and ATMs Administration 125 Wireless Blvd. Hauppauge, NY (631) (631) (fax) 8:30 a.m. - 4:00 p.m. M-W 8:30 a.m. - 6:00 p.m. Th-F* 8:30 a.m. - 2:00 pm Sat** Drive-Up 8:00 a.m. - 3:30 p.m. M-W 8:00 a.m. - 5:30 p.m. Th-F 8:30 a.m. - 1:30 p.m. Sat 125 Wireless Blvd. Hauppauge, NY PRESRT STD U.S. POSTAGE PAID PERMIT NO. 70 HICKSVILLE NY Brooklyn 69 Atlantic Ave. Brooklyn, NY (718) (718) (fax) 67 Hanson Place Brooklyn, NY (718) (718) (fax) 8:30 a.m. - 4:00 p.m. M-W 10:30 a.m. - 6:00 p.m. Th* 7:30 a.m. - 3:00 p.m. Fri Closed Sat Closed M 8:30 a.m. - 4:00 p.m. Tues 9:30 a.m. - 5:00 p.m. W* 9:30 a.m. - 7:00 p.m. Th* 9:30 a.m. - 5:00 p.m. Fri* 9:30 a.m. - 3:00 p.m. Sat** Jamaica/Allen The Greater Allen Cathedral of New York Merrick Blvd. Jamaica, NY (718) x3037 (718) (fax) JFK Airport Building #14 West Wing, Room 4A Jamaica, NY (718) (718) (fax) Miami 5757 Blue Lagoon Drive Suite 100 Miami, FL (888) (305) (fax) Ronkonkoma 3125 Veterans Memorial Hwy. Ronkonkoma, NY (631) (631) (fax) Westbury 1600 Stewart Ave. Suite #101 Westbury, NY (516) (516) (fax) Yonkers 132 Tuckahoe Road Yonkers, NY (914) (914) (fax) *Walk-in business after 4:00 p.m. **Walk-in business only. PAFCU's Routing Number: CO-Op Network ATM Access Entitles members to surcharge-free access to ATMs throughout the U.S. including all 7-Eleven stores. Closed M 8:30 a.m. - 4:00 p.m. Tues-W 8:30 a.m. - 5:00 p.m. Th* Closed Sat 8:00 a.m. - 12:30 p.m. Sun** Drop Box/Depository Available during Cathedral business hours on the first floor Website: Loans Online: Apply Anytime, Anywhere Growing With Our Members Your Traditional Credit Union, Always There For You PAFCU Board of Directors Michael R. Gumiela, Chairman John A. Romanchek, Vice Chairman Diane Goerz, Secretary Barbara A. Mandello, Treasurer Nicholas M. Lacetera, Director Olga Lancaster, Director John Mistretta, Director PAFCU Board Emeritus Kenneth C. Hess PAFCU Executive Management Carol A. Allen, President/CEO Joanne Steigerwald, Executive Vice President Frank Kobel, Vice President Branch Operations