July
2006


Board of Directors

Chuck Montrie
President

Bill Gillette
Vice President

Doug Sherwood
Treasurer

Julie Carroll
Secretary

Mike Wynnyk
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 52
   Third 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
 

ANNUAL ELECTION UPDATE
The 2006 MNCPPC Federal Credit Union election concluded April 7, 2006. Winners for 3 year terms on the Board of Directors were Terri Plumb, Jeff Devlin, Mark Arrington, and Bill Gillette. Elected for 3 years on the Credit Committee were Craig Kellstrom and Greg Kernan.

MEMBER INFORMATION
Just a reminder, please make sure that all of your information is current with the Credit Union. Any changes in your name, address, work location, beneficiaries should be updated with us immediately.

WARNING!! WARNING!! WARNING!! WARNING!!

The Credit Union will NEVER solicit personal/private information via e:mail. Phishing (the act of attempting to obtain personal information-i.e. credit card numbers, passwords, bank account numbers) attempts may use our name, but beware! We will not attempt to obtain information about you via e:mail. Do not respond to these inquiries under any circumstances!

TIPS TO HELP YOU AVOID IDENTITY THEFT
Maintain careful records of your banking and financial accounts. Even though financial institutions are required to maintain copies of your checks, debit transactions, and similar transactions for five years, you should retain your monthly statements and checks for at least one year, if not more. If you need to dispute a particular check or transaction, especially if they claim to bear your signatures, your original records will be more accessible and useful to the institutions that you have contacted.

UPCOMING HOLIDAY OFFICE CLOSINGS
Monday, September 4, 2006 Labor Day

IRA CHANGES
Your MNCPPC Federal Credit Union IRA deposits are federally insured up to a maximum of $250,000.00 by the National Credit Union Administration (NCUA). The level was increased from $100,000.00. Your non-IRA deposits will continue to be federally insured up to a maximum of $100,000.00.

WE’RE MOVING!
Your Credit Union will be moving to a new location! We are pleased to announce that we will be re-locating to 5211 Paint Branch Parkway, College Park. This is part of the Wells-Linson complex. We hope to be moved by the end of summer. We’ll keep you posted with articles in Update.

ATTENTION
All Prince George’s County members…There will be no more interoffice delivery of checks. When you request a check, you will need to either pick it up or have it sent via U.S. Postal Service. Please remember to call for your check between 8:30 a.m. and 2:00 p.m. You may pick your check up between 8:30 a.m. and 4:00 p.m.


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 2ND QUARTER, ENDING
June 30, 2006, ARE AS FOLLOWS:
Type

Regular Share and
Holiday Accounts

IRA (Individual
Retirement Accounts)
Rate

1.00%


1.00%
APY

1.00%


1.00%
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) 11.50% 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) 12.50% 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 9.5%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.