January
2006


Board of Directors

Chuck Montrie
President

Mike Wynnyk
Vice President

Doug Sherwood
Treasurer

Julie Carroll
Secretary

William Gillett
Board Member

Larry Hill
Board Member

Jeff Devlin
Board Member

Teri Plumb
Board Member

Mark Arrington
Board Member


Credit Committee

Greg Kernan
Chairman/
Loan Officer

Tami Brown
Member

Craig Kellstrom
Member

Mike Mullaney
Member

Bill Gordon
Member

Perry Young
Member

Larry Zimmerman
Member

Diane Jeffries
Alternate


Supervisory Committee

Pat Deavers
Chairman

Keith Phillip
Member


Lawanna Houchens
Member

Credit Union Staff

Main Branch PRA
Building

Monday - Friday
8:30 AM-4:00 PM

Gayle Hutton
Manager

Dottie Nicholson
Assistant Manager

Linda Edwards
Loan Manager

Becky Scott
Assistant Loan Manager

Lynne Buckler
Acct. Rep.

Madelyn Woodyard
Receptionist


Montgomery
County Branch

Monday -Wednesday
8:30 AM-4:00 PM

Thursday & Friday
8:30 to 12 noon

John Lazzari,
Branch Manager


EMail

info@mncppcfcu.com


Web Address

www.mncppcfcu.com


Volume 50
   First Quarter

MAIN BRANCH / PRA BUILDING
6600 Kenilworth Avenue
Riverdale, MD 20737
Ph.: 301-699-2418/19
Fax:301-864-5039

  

MONTGOMERY COUNTY BRANCH
2000 Shorefield Road
Wheaton, MD 20902
Ph.:301-946-2477
Fax:301-962-8260

HAPPY NEW YEAR!! FROM YOUR CREDIT UNION BOARD,
CREDIT COMMITTEE, SUPERVISORY COMMITTEE AND STAFF

CALENDARS FOR 2006

Credit Union Pocket Calendars are available at both Credit Union offices. Stop by and get one while supplies last.

SAVE YOUR STATEMENT!!

Your statement shows transactions through December 31, 2005, and contains valuable information that you will need for tax reporting. Retain this statement with other important documents as part of your permanent records. All members who earned dividends in excess of $10.00 for the year will receive IRS Form 1099.

CREDIT UNION ELECTION WE NEED YOU!

With the election drawing near, we are still looking for volunteers to run for the Board of Directors and Credit Committee. If you are interested in serving, please contact:

Pat Deavers, Chairman Supervisory Committee
PO Box 1132
Riverdale, MD 20737-1132
Call or stop by one of the offices to express your interest.

UPCOMING HOLIDAY OFFICE CLOSINGS

Monday, January 16, 2006 Offices closed
Monday, February 20, 2006 Offices closed

ANNUAL MEETING

Be sure to mark your calendars for April 26, 2006! Our Annual Meeting will be held at beautiful Brookside Gardens in Wheaton, MD at 10:00 a.m. We will be featuring a different format this year, with guest speakers, refreshments, and door prizes!!! We will also be announcing the winners of this year’s election. Make sure you vote so your voice will be heard!

NATIONWIDE INSURANCE

You now have the ability to make your Nationwide Insurance payments through the Credit Union. Call us to see how!

                   ATTENTION ATTENTION ATTENTION ATTENTION ATTENTION
Please make sure that all of your information with the Credit Union is current so that we can ensure your business gets to you in a timely fashion.


CREDIT REPORTS

When you consolidate your debts via a Credit Union consolidation loan or other means, the
Credit Bureau should be contacted to verify that the changes to your credit report have been made.

The Credit Bureau used by your Credit Union is:

EQUIFAX
PO BOX 740241
ATLANTA, GA 30374-0241
PHONE 1-800-685-1111



Calc Calc Calc

THE DIVIDENDS FOR THE 4TH QUARTER, ENDING
December 31, 2005, ARE AS FOLLOWS:
Type

Regular Share and
Holiday Accounts

IRA (Individual
Retirement Accounts)
Rate

.75%


.75%
APY

.75%


.75%
Dividends are calculated by the average Daily balance in the account for the period. APY is Annual Percentage Yield. Dividends will be compounded every quarter. You must maintain a minimum average daily balance of $100 in your account to obtain the disclosed annual percentage yield.
Insured up to $100,000 by the National Credit Union
Association (NCUA), an agency of the Federal Government.



LOAN RATES
Type Limit Rate Comments
Signature Loan Up to $20,000 (with length of service requirement) 11.00% Education, vacation, investments, home improvements, furniture, etc. 30% of the original loan must be paid before refinancing or borrowing additional funds.
CuCash Loan Up to $15,000 (with length of service requirement) 12.00% Line of credit with interest rates less than most credit cards.
New Vehicle Loan Up to $45,000 (100% of vehicle) 5.50% for 36 months - (or less)
6.00% for 48 months
6.50% for 60 months
6.75% for 72 months*
Includes cars, boats, campers, trucks, motorcycles, and airplanes.
* (min. of $25,000)
Used Vehicle Loan 100% financing available including tax, title, and extended waranties 6.50% for 36 months - (or less)
6.75 for 48 months
7.00 for 60 months
Term depends on model year. Up to 7
model years old. (1998 or newer)
Not to exceed invoice price
Htbrid Vehicle Loan 100% financing available including tax, title, and extended waranties 4.75% for 36 months - (or less)
5.00 for 48 months
5.50 for 60 months
Environmentally friendly electric vehicles.
Tax advantages may apply
Share Loans Up to balance in savings 2% over current dividend rate (loan rate currently 2.75%) Frozen shares is your collateral against loan amount.
Home Equity Loan Program (HELP)
Up to $150,000 based on equity in your home Prime in Jan. & July (loan rate currently6.75% through June 30, 2006) Borrow against your home.
Variable rate
Loan Special
Education Loan
Up to $3,000 9.0%0 up to 24 months
9.00%
Must have 5 years tenure with employer
All rates are subject to change and reviewed monthly by the Board of Directors.


SERVICES

New Account Fee
New Account closing within 6 months of opening
Holiday Club withdrawals prior to the one-time annual distribution
Minimum daily balance below $100 and no activity for 1 year or more
Stop Payment on Corporate Check
Letter of Credit
Research Account
Statement Copy
Check Writing Services to other than account owner
Share Withdrawal - More than 7 withdrawals per quarter
Honor Pay
Return Checks
ACH Return
Copies of Share Draft Checks

S/D Stop payment

FEES

$1.00
$10.00
$25.00
$5.00 /month
$25.00
$10.00
$10.00 /hour (½ hr. min. at $5.00)
$4.00 per page
$5.00 per check
$4.00
$25.00
$25.00
$25.00
$0.75
$25.00

Please contact a MNCPPC Federal Credit Union employee for further
information on applicable fees and terms at the Credit Union office.
Rates subject to change without notice.