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  • Member

    www.TeachersFCU.org

    January 2018

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    Pay Down Debt or Borrow at a Great Low Rate SPECIAL PROMOTIONS

    All rates and terms are subject to change without notice. Rates & terms accurate as of 12/19/2017. * APR: Annual Percentage Rate. When the promotional period ends, any new or outstanding balance transfers and purchases will revert to the then Standard APR for the card type, which is currently: Platinum 9.96%, Classic 12.84%, No Frills 9.84%. All other terms and conditions are the same. ** We will accept balance transfers that are an aggregate of $1,000 as long as they are submitted in one transaction. (This does not apply to statement or letter checks).

    For more information, visit TeachersFCU.org or call 698-7000, ext 6790.

    1.99 % Balance Transfer

    APR* No Balance Transfer Fee

    For existing and new Platinum, Classic or No Frills credit card account holders.

    • Through January 31, 2018 • Term: 12 billing cycles - the promotional rate will extend through 12 billing cycles from the date of the first transaction

    • No minimum purchase amount • Balance Transfers must be a minimum of $1,000** • Balance Transfers can be submitted in the branch, via online banking and over the phone with Visa Customer Service at 855-462-5880.

    • Not available on Student, Share Secured, or Business credit cards

    • 5.00%* Annual Percentage Rate • Minimum loan: $250 • Maximum loan: $3,000

    ENERGY ASSISTANCE

    Let Us Help you Keep your Home Warm Throughout the Home Heating Season with TFCU’s Energy Assistance Loans

    • Repayment terms: Up to 12 months for $1,500 Up to 18 months for $3,000 • Purpose – Oil, electric or natural gas bills

    This loan is available through March 31, 2018. For more information, call (631) 698-7000, ext. 6790. *APR = Annual Percentage Rate. All rates and terms are subject to change without notice.

    Don’t Miss this Great Opportunity!

    Limited Time O

    ffer!

    Certificate Account Specials

    Visit www.TeachersFCU.org for More Information!

    SAVINGS

    16-Month

    1.65APY*% 30-Month

    2.35APY*% Minimum Opening Balance $1,000

    Savings federally insured to $250,000

    *Annual Percentage Yield (APY) accurate as of 12/19/2017. All rates and terms are subject to change without notice. A penalty may be imposed on early withdrawals. Limited time offer.

  • 2 Coming Soon – TFCU’s Personal Financial Manager Program. Watch for details.

    Fast Approval & Low Rates!

    All rates and terms are subject to change without notice. *APR: Annual Percentage Rate. Rates and terms are effective 12/19/17. Rate will be based on credit history. Rate shown is lowest rate available. Applicants who are not approved at these rates or terms may be offered credit at a higher rate and/or different terms. Rates not available on Buy Rite Plus balloon loans or leases. Not eligible for Educated Choice, Auto Transfer. Pay just $17.40 for every $1,000 borrowed with a 60-month term at 1.70% APR for new auto loans. Pay just $14.86 for every $1,000 borrowed with a 72-month term at 2.24% APR for used auto loans.

    • Finance up to 100% of the purchase price - including sales tax and warranty.

    • Take advantage of our quick approval process.

    • Lower your payment by refinancing your car loan from another lender with us.

    New Auto New rates as low as

    1.70%APR* Used Auto

    for up to 72 months Full Financing Available

    Maximum 4 Model Years Old (Inc. Current Year) Other Rates/Terms Available

    New rates as low as

    for up to 60 months

    Get Pre-approved and Save!

    APR*2.24%

    AUTO

    For more information on either of these products, please contact a representative in our Call Center at 631-698-7000, extension 6790.

    President’s Message I would like to extend to you and your family my best wishes for the New Year. 2017 was another year of continued growth for TFCU. Our total membership is now over 286,000 and our total assets are over $5 billion. This past fall we proudly achieved our 65th year of serving the Long Island community!

    Upgrading our Processing System During the summer, we executed a major upgrade to our Online Banking and bill pay systems. I would like to thank our staff for their diligence in assisting members with password resets and providing our members assistance on how to navigate the new system. Members have since found our new online banking easier to use and are enjoying the enhanced ability it affords.

    Branch Expansion To better serve our members, we have plans to open four new branches in the coming year. First will be our new state-of-the- art location in Kings Park, followed by East Meadow, Center Moriches and Stony Brook. In addition to our 25 current branch locations, members have access to their accounts at more than 5,000 credit unions across the United States, including over 60 on Long Island. Shared Service Centers are perfect alternatives to a TFCU branch should you be traveling, away at college or staying at a second home all around the country.

    New Youth Savings Account 2017 brought the introduction of our new Youth Savings account for children. If you’re looking for a safe place to deposit your children’s money, at an annual percentage rate of 3.00% for the first $1,000, bring their funds to TFCU. As an incentive to open an account for children ages 10 and under, each child will receive a copy of The Berenstain Bears Visit the Credit Union book. All any child needs is $1 to start a savings account with us.

    We’re Here for Businesses, Too If you are a small business owner and you’re looking for a financial institution to help support your business needs, look no further than TFCU. We finance commercial real estate purchases and refinances. If you want to purchase a shopping center, office building, medical condominium, or other type of commercial real estate, see TFCU to discuss a commercial mortgage with flexible terms.

    Plus, we are partnered with Newtek Business Services, a leading provider of real-time, state-of-the-art content and business services. Newtek offers a complete menu of payment acceptance options with competitive pricing, as well as a variety of other tools that can help your business grow.

    TFCU in the Community Team TFCU, our Community Involvement Committee, gave back to the people of Long Island throughout the past year. By holding monthly Jeans Days, where employees donate $5 to a worthy cause and are allowed to wear their jeans to work, more than $28,000 was raised. These funds were made payable throughout the year to local organizations such as: Ronald McDonald House; Make-a-Wish; Brittany’s Baskets of Hope; Blessings in a Backpack; United Way of Long Island; Saint Jude’s Children’s Hospital; Long Island Coalition for the Homeless and Memorial Sloan Kettering Cancer Center. I applaud our employees who continually donate to these foundations, making our local communities better places to live.

    TFCU and You At TFCU, our first priority is your personal or business banking needs. I invite you and your family to come to TFCU, whether for borrowing, investing or for one of our many time-saving services. We have products designed to suit your needs. No matter what your stage in life, whether it be a credit or debit card for going off to college, a loan for purchasing a car, a mortgage for a new home or an IRA to help you save for retirement, TFCU will be here to assist you every step of the way.

    On behalf of TFCU’s Board of Directors, volunteers, management and staff, I thank you for your continued membership.

    Robert G. Allen President/CEO

    ROBERT G. ALLEN President/CEO

  • 3Coming Soon – TFCU’s Personal Financial Manager Program. Watch for details.

    HOME

    TFCU Offers Jumbo Mortgages up to $3,000,000 with 80% financing & up to $1,000,000 with 90% financing & PMI approval.

    Achieve Your Life Goals One Great Rate at a Time

    Rates as low as

    30-Year Fixed Rate Mortgages

    3.75% No Points

    RATE

    APR*

    3.125% 10/1 Adjustable Rate

    Jumbo Mortgages Rates as low as

    3.125% 3.67 %

    RATE

    APR** No Points. Other Adjustable and Fixed Terms Available.

    3.85% All rates and terms are subject to change without notice. *APR: Annual Percentage Rate. Rates & terms accurate as of 12/19/17. Maximum loan amount is $453,100. Pay $4.63 per $1,000 borrowed for 30-year fixed rate mortgage at 3.85% APR. Taxes, insurance and other costs will result in a higher monthly payment. Primary residence only. This is not a commitment to lend. If your down payment is less than 20% of the home’s value, you will be subject to private mortgage insurance, or PMI. Applicants who are not approved at these rates or terms may be offered credit at a higher rate and/or different terms. Rate shown is for purchase or refinance, up to 80% financing. Other rates and terms available for loan to values above 80%. **APR: Annual Percentage Rate. Rates & terms accurate as of 12/19/17. Jumbo mortgages available from $453,001 up to $3,000,000. Pay $4.28 per $1,000 borrowed for 10/1 Adjustable rate jumbo mortgage at 3.67% APR. Rates fixed for 10 years. Subsequent adjustments made annually. 2% annual cap; 5% lifetime cap. Margin 3.00%. Index: 1 year Constant Maturity Treasury (CMT).Taxes, insurance and other costs will result in a higher monthly payment. Primary residence only. This is not a commitment to lend. If your down payment is l

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