July
2006
Board of Directors
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
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
Chairman
Keith Phillip
Member
Lawanna Houchens
Member
Credit Union Staff
Main Branch PRA
Building
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
8:30 AM-4:00 PM
Thursday & Friday
8:30 to 12 noon
John Lazzari,
Branch Manager
Web Address
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Volume
52
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Third
Quarter
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MAIN
BRANCH / PRA BUILDING
6600 Kenilworth Avenue Riverdale, MD 20737 Ph.: 301-699-2418/19 Fax:301-864-5039 |
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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.
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
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THE DIVIDENDS FOR THE 2ND QUARTER, ENDING June 30, 2006, ARE AS FOLLOWS: |
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| 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. |
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 LOAN RATES |
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| 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. |
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Home Equity Loan Program (HELP)
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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 |
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 |
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| 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. |