Vehicle Loans
As Low As 4.75% APR*
Terms Up To 72 Months
Recreational Vehicle Loans
As Low As 6.00% APR*
Terms Up To 84 Months
Home Equity Loans
As Low As 5.99% APR*Fixed Rate
Terms Up To 15 Years
Home Equity Line of Credit
As Low As PRIME†
Variable Rate
5-Year Draw Period
10-Year Pay Back
Offer Ends May 30, 2005!
Spring is the perfect time to build it, fix it, buy it, or
drive it home! Our Spring Into Action Loan Special can help
you do all of that and more. We offer incredibly low rates
with flexible terms to fit your budget.
Refinance And Save
If you have higher interest loans elsewhere, you could refinance
at our low rates and save money instantly. Ask for details.
Receive A Wal-Mart Gift Card**
Receive A $50 Wal-Mart® Gift Card
On Any Vehicle Loan Over $5,000.
Receive A $100 Wal-Mart® Gift Card
On Any Home Equity Loan Or Line Of Credit Over $10,000.
Applying Is Easy!
Apply online at www.auburnfcu.com for fast and convenient
approvals, call (315) 253-2934 or stop by the credit union.
Auburn Community Federal Credit Union is not
affiliated with Wal-Mart Stores, Inc. The services, products,
or activities of Auburn Community Federal Credit Union are
neither endorsed nor sponsored by Wal-Mart Stores, Inc.
*APR=Annual Percentage Rate. Rates based on credit and subject
to change without notice. Other rates and terms are available.
Consult your tax advisor for tax-deductible eligibility. Contact
the credit union for complete loan details.
**Gift Card to Wal-Mart® will be given at loan closing
and subject to availability.
†Prime=Prime Rate published in the Money Rates column
of the Wall Street Journal. When a range of rates has been
published, the highest rate will be used. We will use the
most recent index value available to us as of 45 days before
the date of any quarterly percentage rate adjustment. Wall
Street Journal Prime Rate as of 3/18/05 is 5.50%. The APR
may vary monthly and will not exceed 18.00%. For more details,
please contact our Loan Department.
More
ATM Locations To Serve You Better!
We are pleased to announce the addition of two
new SURCHARGE-FREE ATM locations at Kinney Drugs in Auburn!
We now have a total of four (4) ATMs available to our members:
• Kinney Drugs - 62 Owasco Street
• Kinney Drugs - 187 State Street(near the prison)
• Cayuga County Office Bldg. - 160 Genesee Street(in the
lobby)
• Auburn Community FCU - 65 Wright Circle
We are able to provide you this convenience because we are part
of the Sharenet ATM Network that provides surcharge-free access
to credit union members near where they work and live.
For a complete listing of Sharenet ATMs, please visit our website
www.auburnfcu.com.
A
Message From The Manager/CEO
In January we promised you, as a credit union,
we would begin increasing your conveniences to save you time
and help you manage your money more effectively. We also discussed
creating more money-saving products and services for you to
make the most of.
We're holding true to our promises, as we've already installed
two surcharge-free ATMs, located at the Kinney Drug Stores on
Owasco Road and on State Street near the prison. We're even
planning on installing yet another surcharge-free ATM in the
Kinney Drug Store in Weedsport. Conveniently located surcharge-free
ATMs are just one of the many ways we want to help you access
and manage your money.
We're also excited to introduce our newest moneysaving product;
a 15-year fixed rate Home Equity Loan. Now, financing college
expenses, home improvements, and debt consolidation is more
flexible with our extended repayment term. Borrowing the money
you need from your home's equity is affordable and offered to
you at a lower rate you won't likely find anywhere else.
Another convenience currently in the works, as we promised in
January, is the development of an additional and more accessible
branch to better serve our members who are unable to reach us
at our current location. We are in the process of evaluating
potential sites and we have you to thank for your responses
and input from our membership surveys and professional design
firms.
In other news, our Annual Meeting was a great success and enjoyable.
I would like to take a brief moment to congratulate the re-elected
nominees serving a three-year term on our Board of Directors:
Tom Casasanta, Daniel Curry and Tom Higgins.
Continually serving your needs to make the most of your finances
so you can accomplish more of your goals is our priority. "People
Helping People," it's the credit union philosophy and it's what
we do. Thanks for listening.
Sincerely,
Saverio "Sam" A. Scro
Manager/CEO
Auburn
Community FCU Membership Rewards!
Did you know that when a new member joins the credit union,
every member benefits? Not only can we offer lower rate loans
or higher rates for investments to existing members, but new
members also benefit from all the moneysaving products and
services they've been missing out on.
Now, you can get even more rewards with new members. Simply
complete the coupon below and receive a Cash Reward for each
person you refer.
It's just our way of saying "Thank You" for inviting your
family to join ours!
This coupon entitles you to a $5.00 Cash Reward* for each
of your referrals who joins the credit union. Complete the
"Your Information" section. Then give the coupon to your family
member or co-worker to complete and return to the credit union.
Make additional slips if you need copies to refer more than
one member and earn extra cash!
Your Information (Current Member):
Name ___________________________________
Address ___________________________________
City ___________________________________
State_____________________ Zip _______________
Referral Information (New Member):
Name ___________________________________
Address ___________________________________
City ___________________________________
State_____________________ Zip ________________
Relationship To Current Member:
Family
Coworker
Other
*$5.00 Cash Reward will be deposited in your
Savings Account for each of your referrals who joins the credit
union.
Teach
Your Kids To Save Now...
The Benefits Will Last A Lifetime!
Dollar Dog Teaches Your Kids About Money!
Our Dollar Dog Kids ClubTM is the fun, easy way to teach the
children and grandchildren in your family how to manage money.
The Dollar Dog Kids Club is a great way to help kids learn about
the importance of saving, earning, and even investing their
money. Kids learn while having fun when they visit Dollar Dog's
interactive Clubhouse at www.auburnfcu.com.
It's Easy To Join – Membership Is FREE!
You can open a Dollar Dog Kids Club Account for each of your
children or grandchildren with an initial deposit. All member
children and grandchildren ages 12 and under are eligible and
membership is FREE! Children receive an Official Club Membership
Card and a Savings Passbook.
Join Today – Get A FREE Toy!
Cha-Ching Teen Club Money Management Your Teens Can Relate To!
How Well Do Your Teens Handle Money?
Teens spend more money than ever before. But are they ready
for the financial demands that go along with growing up in today's
world? Good spending and saving habits are essential to their
future economic security. They need to learn the basics first.
For great guidance, Cha-Ching delivers – in a language
they'll understand.
Cha-Ching Gives Them What They Want!
Cha-Ching is the perfect way to educate teens, ages 13-17, with
solid money management tools that you can supervise. If your
teen begins saving and managing money correctly, the long-term
results will be hugely satisfying. Check it out today at www.auburnfcu.com.
Join Today - Get A Free $5 Blockbuster GiftCard!*
Kids - Enter To Win† A $250
Wal-Mart Gift Card!**
All kids who join either the Dollar Dog or Cha-Ching
Youth Club will be entered into our July 1 drawing for a $250
Wal-Mart Gift Card.† Think of what
a great shopping spree one lucky kid will have with it!
Holiday Closings
Your credit union offices will be closed to observe the following
holidays:
Memorial Day – Monday, May 30, 2005
Independence Day – Monday, July 4, 2005
Labor Day – Monday, September 5, 2005
Summertime Fun With Discount Tickets
Come to the credit union for your discount amusement park
tickets and enjoy more this summer at prices you can afford
for the whole family. We offer discounted tickets for Six
Flags Darien Lake, Enchanted Forest and Sea Breeze. Make this
the summer to remember when you get your discount tickets
– only at Auburn Community Federal Credit Union!
Ralph Mortin, Former Board Of Director, Passes Away
Ralph Mortin, former member of the Board of Directors of Auburn
Community FCU, passed away on Tuesday, April 12, 2005. Ralph
served as President of the Board of Directors from 1997-2003.
A lifelong resident of the Auburn area, Ralph was born January
4, 1928, the son of George and Mary Delano Mortin in Mottville.
Ralph was a graduate of Skaneateles High School and a World
War II veteran, serving in the Philippines. After 30 years
of service, he retired as a New York State Correctional Officer.
He was a member of Holy Family Church in Auburn, having served
the church as Eucharist Minister and Parish Council Finance
Committee member. A past president of the Council 82 Subchapter
129 Retirees of NYS Corrections, a member of the Valentine
Myers Post 317 of the American Legion, Skaneateles, and a
member of the VFW Post 1975, Auburn.
We send our condolences to the family and friends of Ralph
O. Mortin.
Macris
Money Matters
Let Asset Allocation Be Your Guide To Investing
During the past few years, it has been difficult to predict
what the stock and bond markets would do next. Stock returns
have varied from the bear market of 2000-2002, to the bull
market of 2003, to the more modest returns of 2004. The bond
market also defied expectations, delivering respectable gains
even as investors anticipated higher interest rates.
Many plan participants may be wondering what the financial
markets will offer in 2005 and, accordingly, how to allocate
their portfolio during the year ahead. Instead of questioning
what is likely to happen next on Wall Street, consider building
your retirement investing strategy around asset allocation
– establishing a mix of stock funds, bond funds and cash
investments based on your goals, risk tolerance and time horizon.
Research has shown that asset allocation has a greater influence
on the variability of long-term returns than the selection
of individual securities, or trying to "time" the market –
that is, getting in or out of certain investments based on
what you think the market will do next. Maintaining an appropriate
asset allocation may be your best long-term strategy for making
sure the short-term ups and downs of Wall Street don't hinder
your plan for building future wealth.
Sources: Standard & Poor's; the Federal
Reserve. Source: Financial Analysis Journal, January/February
2000.
Investment products are sold through registered
brokers of Royal Alliance Associates, Inc., 733 Third Ave.,
New York, NY 10017. Insurance products are sold through licensed
agents through Member Dimensions, Inc., 1400 Erie Boulevard,
East Syracuse, NY 13210. Products and services offered through
this program (a) are not deposit accounts and are not endorsed
by or insured by the National Credit Union Administration
(the "NCUA"), (b) are not obligations of the Credit
Union, (c) are not guaranteed by the Credit Union, and (d)
involve risks, including the possible loss of principal.
Our VISA offers you the premium purchasing power you deserve
at an affordable, fixed rate. Use it for everyday shopping,
special buys and more. It's safer and more convenient than
carrying cash. Take a look at our NO FEE features and benefits:
NO Annual Fee
NO Transaction Fee
NO Balance Transfer Fee
NO Minimum Finance Charge
NO Cash Advance Fee
Apply Today!
Call (315) 253-2934, stop by the credit union or visit us
online at www.auburnfcu.com for more information and to apply
for your VISA Classic Credit Card.
*APR=Annual Percentage Rate. Rate is subject
to change without notice.
Rate shown for qualified borrowers. Contact the credit union
for complete credit card details.
Strapped
For Money?
Unleash The Cash In Your Home!
Stop feeling strapped for money and wishing you had the extra
cash to complete home repairs, install a pool, take a vacation,
consolidate debt, or for any reason. Unleash your home's equity
to borrow the money you need to accomplish more of your financial
goals. We offer several options for you to choose from. Simply
select the Home Equity product that meets your needs
and fits your budget best.
5-Year Home Equity Loan – Offers a fixed rate with
no closing costs
10-Year Home Equity Loan – Borrow up to 80% of your
home's equity
NEW 15-Year Home Equity Loan – Borrow a minimum of
$20,000
Home Equity Line of Credit – This variable rate loan
allows you to borrow more of your home's equity
Even better, the interest on all these loans is tax-deductible
for most members.* No matter what you use the money for, it's
the next best thing to a no-interest loan.
Apply Today!
Stop by the credit union, call (315) 253-2934 or visit online
at www.auburnfcu.com for more information.
*APR=Annual Percentage Rate. Rate and term
are subject to change without notice. Rate shown is for qualified
borrowers. Other rates and terms available. Consult your tax
advisor for tax-deductible eligibility. Contact the credit
union for complete loan details.
What
You Should Know About Vehicle "GAP Protection"
Today, for convenience and low out-of-pocket costs, many
people finance 100% of their vehicle purchase, plus taxes,
insurance, and accessories. In addition, some people finance
their purchases over five or six years. Most borrowers assume
that their insurance will be sufficient to cover the balance
of the loan when a vehicle is stolen or considered a total
loss after an accident.
In fact, the value an insurance company places on your vehicle
is often much less than the outstanding loan balance you owe.
This difference between the amount you owe and what the insurance
company is willing to pay for your stolen or totaled vehicle
is called the "GAP." If your vehicle is stolen or totaled,
you would be responsible for this "GAP," which can amount
to thousands of dollars.
The solution to the problem is called GAP Protection. For
a small fee GAP Protection can be added to the balance of
your loan. GAP Protection will pay off the entire balance
of your loan when the insurance settlement is less than what
you owe, minus your deductible and any past due payments.
Consider the following example:
Vehicle Loan Amount: $25,000
Loan Term: 60 Months Loan Pay-Off After
"x" Months: $15,000
Cash Value Of Vehicle: $12,000
Your Insurance Deductible: $250
Insurance Settlement: $11,750
Potential Out-Of-Pocket Expenses: $3,000
GAP Protection Payment: $3,000
Actual Out-of-pocket Insurance Deductible:
$250
For peace-of-mind, consider GAP Protection when you apply
for you next Vehicle Loan.
MEMBER'S
CHOICE Mechanical Repair Coverage
Big Protection Against Big Bills!
When you buy that new or used car, you can be worry-free with
an excellent repair coverage plan. For just a few dollars
a month, MEMBER'S CHOICE® Mechanical Repair Coverage (MRC)
can protect your vehicle, your family and your credit rating
from expenses that could total hundreds or even thousands
of dollars.
As your car ages and racks up the miles, it could also rack
up some big repair bills. Mechanical Repair Coverage helps
ensure that major repairs to your car are covered when the
unexpected happens. MRC covers mechanical and electrical repairs
on your vehicle the date of purchase and continues after your
manufacturer's warranty expires. Purchasing MRC before the
warranty expires provides you with uninterrupted protection.
The MRC plan also covers rental, towing, 24-hour roadside
assistance and emergency travel expenses. You choose the deductible
amount that suits you best, $0, $50, $100, or $250. MRC is
convenient, hassle-free, flexible, cancelable, and transferable.
It really does pay to have this protection. Call us for more
details.
Privacy
Notice
Auburn Community Federal Credit Union, your member-owned
financial institution, is committed to providing you financial
products and services to meet your needs and reach your financial
goals. We are equally committed to protecting our members'
privacy. You can be confident that your financial privacy
is a priority of this Credit Union. We are required by law
to give you this privacy notice to explain how we collect,
use, and safeguard your personal financial information. If
you have any questions, please contact a member service representative
at (315) 253-2934.
Information We Collect And Disclose About You
We collect nonpublic personal information about you from the
following sources:
• Information we receive from you on applications and
other forms;
• Information about your transactions with us or others;
• Information that we receive from a consumer reporting
agency;
• Information obtained when verifying the information
you provide on an application or other forms. This may be
obtained from other institutions where you conduct financial
transactions.
We may disclose all the information we collect, as described
previously, to companies that perform marketing services on
our behalf or to other financial institutions with whom we
have joint marketing agreements. To protect our members' privacy,
we only work with companies that agree to maintain strong
confidentiality protections and limit the use of information
we provide. We do not permit these companies to sell the member
information we provide to other third parties.
In order to conduct the business of the Credit Union, we may
also disclose nonpublic personal information about you under
other circumstances as permitted or required by law. These
disclosures typically include information to process transactions
on your behalf, conduct the operations of our Credit Union,
follow your instructions as you authorize, or protect the
security of our financial records.
If you terminate your membership with Auburn Community Federal
Credit Union, we will not share information we have collected
about you, except as permitted or required by law.
How We Protect Your Information
We restrict access to nonpublic personal information about
you to those employees who have a specific business purpose
in utilizing
your data. Our employees are trained in the importance of
maintaining confidentiality and member privacy. We maintain
physical, electronic, and procedural safeguards that comply
with federal regulations and leading industry practices to
safeguard your nonpublic personal information.
What You Can Do To Protect Your Privacy
• Protect your account numbers, card numbers, personal
identification numbers, and passwords.
• Use caution when disclosing nonpublic information to
other persons.
• Keep your information with us current. It is important
that we have current information on how to reach you. If your
address or phone number changes, please let us know.
If you have questions concerning this notice, please do not
hesitate to call us – we are here to serve you.
