Issue

FOUR

Nominations

Finding An Agent That’s Right For You

Credit coming soon >>>

ROME TEACHERS FEDERAL CREDIT UNION in this issue >>>

For Teachers >>>

In The Next Issue

Applications now being accepted for Classroom Grants

For Board of Directors

Student Branches

Lunch n’ Learn Seminars

New in 2017

Classroom Grants

Board of Director Nominations

College-bound HS Seniors Scholarships

Mad City Money

3 Things You Need to Know

Annual Toy Drive

Visa Gift Cards make the perfect gift. Give people the freedom to buy what they want with a Visa Gift Card. Available for purchase at the credit union.

Need a gift idea ...

For the third year, Rome Teachers Federal

Credit Union is awarding $5,000 in classroom

grants to help you achieve more in the class-

room.

Apply today by filling out an application and

writing a short narrative on how the grant will

benefit your classroom.

Call our office today and we will be happy to

send you an application.

The deadline to turn in your application is

November 30, 2016. Grants will be awarded

at our annual meeting.

The Annual Meeting of members for Rome

Teachers Federal Credit Union will be held

Monday, January 30, 2017 at 5:00 pm in the

lobby of the credit union.

The Nominating Committee has selected can-

didates for vacant positions on the Board of

Directors. The following nominees, who are

currently board members, have been selected

by the committee to fill three available seats,

each extends for a three year term starting

January 2017:

John C. Vero Jr.

Richard Giardino

Melissa O’Rourke

Those members not selected by the Nominat-

ing Committee who wish to serve on the Board

of Directors may seek nomination by peti-

tion. The credit union’s secretary must re-

ceive petitions by November 15, 2016 and

the petition must contain:

1) Signatures by one percent of the mem-

bership with a minimum of 35 and a

maximum of 500.

2) A nominee statement indicating the

willingness to serve as well as a brief

list of qualifications and biographical

data.

Any interested member may pick up an Offi-

cial Volunteer Board Candidate Packet at the

credit union. All elections are determined by

plurality vote unless there is more than one

nominee per vacancy. There will be no nom-

inations from the floor, unless there have

been no nominations by the Nominating

Committee or by petition.

Xtra THINKING ABOUT SPENDING WINTER SOMEWHERE

WARMER….USE YOUR HOMES EQUITY TO PURCHASE A SECOND HOME.

CHECK OUT OUR HOME EQUITY RATES BELOW!

Quarterly Newsletter October 2016

Loan Purpose

Terms

Annual Percentage Rate

New & Used Vehicles Up to 48 Months* As low as 2.14%

New & Used Recreational Vehicles Up to 60 Months* As low as 3.39%

Unsecured—Including Personal & Home Improve-ment Loans

Up to 12 Months* As low as 4.16%

Share Secured Up to 60 Months 2.65% over dividend rate of shares pledged

Home Equity Fixed Loans—up to 90% LTV, no upfront closing costs**

Up to 84 Months* As low as 3.49%

Home Equity Line of Credit—up to 80% LTV, no upfront closing costs**

Up to 180 Months As low as 4.00%

VISA Classic Rewards Card

9.90%

Membership eligibility is required. Applications are subject to credit approval. Loan rates and terms are determined by overall credit history and are subject to change without notice. RTFCU may report information about your account to credit bureaus. Late payments, missed pay-ments, or other defaults on your account may be reflected in your credit report. Consult with your tax advisor regarding tax deductibility of home equity loans.

*Longer terms available, call for rates. **Some exceptions may apply.

FEDERAL CREDIT UNION ROME TEACHERS

924 Turin Street, Rome, New York 13440 P. 315-336-7810 | F. 315-336-0893 | E. general@rtfcu.com Federally Insured by NCUA

PRIVACY NOTICE

Federal law requires us to tell you how we collect, share, and protect your personal information. Our privacy notice has not changed, and you may re-view our notice at rtfcu.com/privacy. Or, we will mail you a free copy upon

request if you call us at (315) 336-7810.

Attention: College-Bound High School Seniors

Scholarship applications are being accepted now!

Scholarships will be awarded in the amounts of $250, $500, and $1000. It may be used at a two or four year accredited educational institution, that the student will attend for the first time in the fall of 2017. Applications can be found at the credit union,

your high school guidance office or your school’s student-run credit union.

Deadline for submission is December 30, 2016.

FREE Shred Day!

Rome Teachers Federal Credit Union hosted an interac ve budge ng simula on called Mad City Money.  The Credit Union conducted Mad City Money as part of its student‐run branch/financial literacy program. 75 Students and their teachers from Rome Free Academy, Westmoreland High School, South Lewis High School, Poland High School, and Camden High School represen ng their student‐run credit union branches were in a endance. Students received unique “about me” sheets and were challenged to build monthly budgets based on their individual incomes and debt commitments. Through role play, students were forced to make decisions with immediate repercussions that in real life might not occur for years. Each student was required to visit 10 merchant booths manned by credit union staff, teachers, and volunteers to make their selec on of wants and needs including housing, transporta on, clothing, day care and entertainment. In an effort to imi‐tate real life, vendors at the booths tempted students to overspend. Unlucky students encountered unplanned expenses, known as the “Fickle Finger of Fate,” throughout the simula on. The lesson, life happens. Those who visited the Credit Union booth learned the importance of saving money and not overextending themselves in debt. Mad City Money was an exci ng experience for our students involved in running their schools credit union branch. Contact the Credit Union for more informa on about a simula on in your school district.

dates to remember >>>

ask the professionals >>>

Holiday Club Accounts

Why do you ask for I.D. even though I have been a member for years?

Wishing for that perfect holiday vacation but don’t have the extra money?

Plan ahead for next year and start a holiday club account to save over time.

Funds become available November 1st of each year!

3 Things You Need to Know Before You Buy a New Car

Protect your identity from dumpster di-

vers. Bring your confidential documents

to the credit union to be shredded.

Service provided at no cost to

our members!

Thursday, October 20, 2016 3:30-4:30 PM RTFCU Parking Lot

There are many things to consider before

purchasing ANY car, but a NEW car

might spark particular questions. There

are pros and cons to buying new cars, just

as there are pros and cons to buying used

cars.

First off, when purchasing any vehicle,

ask yourself "Why am I buying this car?"

Is it for daily use, will you need a lot of

storage space, seating space? Make sure

the makes and models you narrow your

search down to are practical reflections of

how you will use the car.

You may love the look of a larger vehi-

cle, but if you don't have five children,

you might not need that much space and

that particular car may not be right for

your daily commute and errands.

After you’ve considered the personal

aspects of which car to buy, move on to

the less subjective parts of the process:

1)Depreciation

Most cars depreciate at about 15% per

year. With new cars, there is a 20% de-

preciation rate as soon as you drive off

the lot. You want to consider this before

you decide to buy a new car, especially if

you can’t put much money down as a

down payment. Chances are you’ll be

upside down on your car loan almost im-

mediately if you’re financing the entire

cost.

2)Cost-to-own

Also, consider the true cost to own the

car you're eyeing. These costs include

insurance, fuel, maintenance, and more.

Maintenance costs vary by manufacturer

and model. Do your research—some

manufacturers have better reputations

than others. Some new cars even come

with “free” maintenance plans for the

first couple of years or for a certain num-

ber of miles.

3)How much can you afford?

Don’t guide yourself solely by what the

dealership is willing to lend you. And,

don’t be blindsided by an attractive low

monthly payment—oftentimes tied to a

super-long loan term. Consider all aspects

of financing—the total amount you are

going to end up paying for that vehicle

when it’s all said and done. That’s what

matters.

Visit Rome Teachers Federal Credit Un-

ion before you even step on the lot. As a

not-for-profit financial cooperative, we

can approve you for an auto loan that fits

your circumstances—and your budget.

We won’t put you into a loan you can’t

afford, and we're happy to explain every-

thing to you away from the high-pressure

of the dealership.

Regardless of how well our branch staff knows you, we are required to obtain, verify and maintain current information on members conduct-ing financial transactions. Please do not look at it as an inconven-ience but rather a way of protecting your money and identity.

For Students >>>

Mad City Money Interactive Budgeting Simulation

Q:

A:

2016 Disbursal Date is November 1st

RTFCU Partners with the Rome

Rescue Mission for the

Annual Holiday Toy Drive

Members may drop off new, unwrapped toys

through December 15th. We are grateful for

our members, who make this event a huge

success every year.

RFA Student Credit Union Wednesdays: 10:27am-12:32pm Westmoreland Bulldog Credit Union Tuesdays & Fridays: 11am-2pm South Lewis Falcon Credit Union Tuesdays & Fridays: 11:17am-1:12pm; Thursdays 12:43pm-4pm Canastota Raider Nation Credit Union Wednesdays: 10:45am-12:15pm Poland Tornadoes Credit Union Tuesdays & Fridays: 11am-1pm Camden Blue Devils Credit Union Mondays 10:45am-12:45pm Thursdays 1:45pm-3:15pm Student Branches are closed when school is not in session.

Student Branch Hours

Main Office & Drive-Thru Hours Monday–Friday 9am–5pm

Saturday 9am–12 Noon

Drive-up ATM: 24 hrs/day

Holiday Closings October 10—Columbus Day

November 11—Veterans Day

November 24—Thanksgiving

December 26—Christmas

January 2—New Year’s

To Report a Lost or Stolen Card VISA Credit Card 1-800-325-3678

VISA Debit Card 1-800-453-4270

Fall/Winter Skip-a-Pay! Need a break from your loan payment? Ask us if your loan qualifies for Skip-A-Pay. Qualified loans can skip two monthly payments or four bi-weekly payments dur-ing November and December. Restrictions and fees may apply. Does not include revolving lines of credit or home equity loans.