April
2007


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

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 55
   Second Quarter

MAIN BRANCH
5211-A Paint Branch Parkway
College Park, MD 20740
Voice: 301-277-8630
Fax: 301-277-8634

  

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

COME ONE, COME ALL!!!
It’s time for our Annual Meeting, and all members are invited.
Come hear what’s been going on at your Credit Union, and see what’s in store for the coming year! We will also be announcing the winners of the 2007 election. The meeting will be held at 10:00 a.m., on April 26, 2007, at the PRA auditorium, 6600 Kenilworth Ave. Riverdale, MD. Mark your calendars, plan to attend, enjoy some refreshments, and maybe win a door-prize!

Many thanks for a great job go to Pat Deavers, Chairman of the Supervisory Committee, and the Election Committee consisting of Diane Jeffries, Joan Barbour, Jeff Newhouse, Pamela Jackson-Vaughn Graves, Mindy Carey, Andy Siedlarczyk, Benita Henderson, Ramona Hill, and Bert Vito.

Farewell
We sadly bid farewell to John Lazzari who is leaving us to retire (really). As many of you know, John retired from the Commission in 1996 and came to work with us at the Credit Union. It has been our pleasure to work with John, and we, as well as the members, will miss him. Thanks, John, for all of your help, team-work, and humor. We look forward to occasionally working with you in the future.

PROTECT YOURSELF
Your Credit Report is your responsibility.
Please make sure that you check your Credit Report annually. If necessary, make corrections to the report. This will save you time and trouble when and if you apply for loans, not just with us, but with others. The numbers are as follows:
Equifax 1-800-685-1111
TransUnion 1-800-888-4213
Experian 1-800-567-5470

ENTER OUR CONTEST!!!
Call or stop by one of our offices and check your account. Make sure that your address, phone number, work location, beneficiary, joint owner, etc are current. If you do this during the month of May, you will be entered in our contest. If your name is chosen you will win a $50.00 VISA gift card or the funds will be posted to your account, whichever you prefer.

MAKE SURE YOU CALL TO CHECK YOUR ACCOUNT!! IT IS VERY IMPORTANT THAT WE HAVE CURRENT, CORRECT INFORMATION ON YOU.

UPCOMING HOLIDAY OFFICE CLOSINGS

Thursday, April 26, 2007 Offices closed for the Annual Meeting
Tuesday, May 8, 2007 Offices closed for Fitness Day
Monday, May 29, 2007 Offices closed
Wednesday, July 4, 2007 Offices closed


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 1ST QUARTER, ENDING
March 31, 2007, 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) 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. (2000 or newer)
Not to exceed invoice price
Hybrid 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 3% over current dividend rate (loan rate currently 3.75%) 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 currently7.75% through
June 30, 2007)
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

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
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
$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.