October
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
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
53
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Fourth
Quarter
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MAIN
BRANCH
5211-A Paint Branch Parkway College Park, MD 20740 Voice: 301-277-8630 Fax: 301-277-8634 |
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MONTGOMERY
COUNTY BRANCH
2000 Shorefield Road Wheaton, MD 20902 Ph.:301-946-2477 Fax:301-962-8260 |
THE KENILWORTH AVENUE OFFICE HAS MOVED!!!
Come visit us at our new location,
5211-A Paint Branch Parkway, part of the Wells-Linson complex.
Our hours will remain the
same, our new phone number is: 301-277-8630
UPCOMING HOLIDAY OFFICE CLOSINGS
Friday, November 10, 2006 Offices Closed
Thursday, November 23, 2006 Offices Closed
Friday, November 24, 2006 Offices Closed
December 15th Offices Closed at 11:00 AM
All check requests must be made prior to 10:00 am. and picked-up by 11:00 am.
Friday, December 22 Offices Closed at Noon
Monday, December 25 Offices Closed
Monday, January 1, 2007 Offices Closed
Please arrange your schedules accordingly and conduct Credit Union business early.
LOAN APPLICATIONS
December 15th is the last day to have loan applications in the Credit Union office to ensure
receipt of approved funds prior to the holiday season. Please call to verify receipt of your loan
application. CuCash draws will be accepted anytime and every effort will be made to process
them in a timely manner. December 20th will be the last scheduled Credit Committee meeting
prior to the holidays.
HOLIDAY CLUB
Holiday Club checks will be processed during the first two weeks of November. If you would
like to have your check processed prior to this time, please give the Credit Union staff a call
and your check will be prepared that day. Unless members specifically request that their Club
accounts be closed, they will automatically be continued for 2007.
CREDIT UNION ELECTION
The election process is about to begin. Nominees must be Credit Union members in good
standing, who are 18 years of age or older, with no criminal convictions, and a sincere interest
in fulfilling the duties of these responsible positions. If you are interested in serving on the
Credit Committee or Board of Directors, please contact Pat Deavers, Chairman, Supervisory
Committee at P.O. BOX 1132, Riverdale, MD 20737-1132.
The elections will begin in late January, 2007, and the results will be announced at the Annual
Meeting in the Spring. If you do not receive a ballot, you may pick one up at a Credit Union
location or request one be sent to you. Any member of the Credit Union, 16 years of age or
older may cast a ballot. Please take a few moments to vote for the candidates of your choice.
ATTENTION ATTENTION ATTENTION ATTENTION ATTENTION
Your Credit Union is now offering CD’s!! Call now for rates. Put your money to work for you!
Have you opened your no fee checking account with the Credit Union? It’s easy…give us a call.
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 3RD QUARTER, ENDING September 30, 2006, ARE AS FOLLOWS: |
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| Type Regular Share and Holiday Accounts IRA (Individual Retirement Accounts) |
Rate 1.25% 1.25% |
APY 1.25% 1.25% |
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) | 12.00% | 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) | 13.00% | Line of credit with interest rates less than most credit cards. | New Vehicle Loan | Up to $45,000 (100% of vehicle) | 6.00%
for 36 months - (or less) 6.50% for 48 months 7.00% for 60 months 7.25% 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 | 7.00%
for 36 months - (or less) 7.25 for 48 months 7.50 for 60 months |
Term
depends on model year. Up to 7 model years old. (1999 or newer) Not to exceed invoice price |
Htbrid Vehicle Loan | 100% financing available including tax, title, and extended waranties | 5.25% for 36 months - (or less) 5.50 for 48 months 6.00 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 3.25%) | 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 currently7.75% through Decenber 31, 2006) | Borrow against your home. Variable rate |
| Loan Special Education Loan |
Up to $3,000 | 10.00% up to 24 months 10.00% |
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. |