savings and benefits of buying used wheels spring · savings and benefits of buying used wheels...

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WQuarterly NewsletterApril 2017

Holiday Closings

MONDAY, MAY 29

Savings and Benefits of Buying Used Wheels

Ever wonder why the used-car industry is such a big hit? The price tag attached to a used vehicle is usually several thousand dollars less than for new cars. If you buy a new car, it typically depreciates about 20% in value the minute you drive it off the lot.

Start looking for the right used car by doing some research. Check out websites such as Carfax.com, Edmunds.com, and kbb.com. These sites help you find exactly what you are looking for, including safety rating, vehicle condition, and a vehicle history report.

When you’re selecting a used vehicle, keep in mind that insurance companies base insurance premiums on your age, year of the car, make, and how likely you are to get in an accident. In general, the cost of insurance on a used car is lower because the comprehensive and collision costs are usually lower.

Many dealerships offer certification programs that can protect you if any mechanical problems arise after you purchase your vehicle. Be sure to read the fine print of the certification to see what it covers.

Buying a certified used car can add on a significant chunk of money to the price tag but can be money well spent. On the other hand, if you plan to buy a non certified used car, make sure to have a qualified mechanic inspect it first.

To find the best deal on financing your used vehicle, make GNO FCU your first stop. Call or stop in today to learn more about our low auto-loan rates.

Copyright 2017 Credit Union National Association Inc. Information subject to change without notice. For use with members of a single credit union. All other rights reserved.

SPRING CALENDAR

FRIDAY, APRIL 14TH

Seminars

Good Friday

TUESDAY, JUNE 20

Understanding Credit6:30 PM 2812 CANAL STREET

The 4 Best Things College Students Can Do With Their Tax RefundFor many of us who have recently graduated school or are still in school, tax season can be a happy time financially. Many people will get a tax refund from the IRS, and more will squander that money before it has a chance to make it through one statement.Here are some ways to spend it responsibly and feel good about it.

1. Let it grow Consider putting all of that money or part of it into a high-yield savings account. Instead of just holding on to it, why not let it grow while it’s sitting in your savings? Talk to the friendly folks at your local credit union about the right fit for your financial situation.

2. InvestIf you’ve been waiting on an injection of extra cash to take the first step, consider this your investment window. Finding the right investment opportunity for you and your financial outlook is much easier to do if you’ve got the cash on hand. Talk to your credit union to see what advice they offer for starting your portfolio.

3. Pay it offThis one ties in closely to suggestion No. 1. If you’ve got a credit card or loan accruing more interest monthly than you would gain in a CD or similar account, consider paying that off. Take a look at your obligations and see if one of them can be knocked out all at once with a portion of that tax refund.

4. Give yourself a small treatIt’s all right to spend a little on yourself. You work hard on your budget, and, hopefully, figured out a financially responsible way to spend a major portion that refund money. Take what’s left and buy yourself something fun.Happy tax-refund season! Spend responsibly.


Greater New Orleans Credit Union and Enterprise Car Sales have had a strong partnership for over 20 years. This partnership has allowed countless members to enjoy stress-free buying with a worry-free ownership experience. Did you know you can now have the best shopping experience as well. Check out the Greater New Orleans and Enterprise Car Sales website: www.EnterpriseCarSales.com/GNO

You can learn car-buying tips, how to prepare your vehicle for trade, search for your next car and see special offers right from your desk top or mobile device. The tools and resources on this website will allow you to know before you go. The benefits of buying from Enterprise Car Sales and financing with Greater New Orleans Credit Union are endless.

We’re certain that your car-buying experience with Enterprise Car Sales will be unlike any other and with the combination of great rates from Greater New Orleans Credit Union and great cars from Enterprise Car Sales, we feel confident that you will join our list of completely satisfied customers. When you’re ready to purchase your next vehicle, visit www.EnterpriseCarSales.com/GNO

Used vehicles were previously part of Enterprise short-term rental and/or lease fleet or purchased by Enterprise from other sources including auto auctions, with previous use possibly short-term rental, lease or other. *Limited Warranty begins on the vehicle purchase date and extends for 12 months or 12,000 miles, whichever comes first. Restrictions apply. For details, see an Enterprise Car Sales Manager. ** Enterprise 12-month Unlimited Mileage Roadside Assistance Package is provided by the American Automobile Association (AAA) and its affiliated clubs in the United States and Canada. ***For a period of seven days after the date of delivery or 1,000 miles beyond the odometer reading at delivery, whichever comes first, the vehicle may be returned for the exact price originally paid minus a $200 documentation and cleaning fee (as allowed by law). Restrictions apply. For details, see an Enterprise Car Sales Manager. The “e” logo, Enterprise and “Happiness Guarantee” are trademarks of Enterprise Holdings, Inc. All other trademarks are the property of their respective owners.

• Haggle free buying experience

•12-month / 12,000 mile limited powertrain warranty* included in the price of the vehicle

• 12-month roadside assistance** included in price of the vehicle

• Browse an inventory of over 6,000 vehicles

• All vehicles have passed a 109 point certification process

• Search by price, payment, vehicle type, features or fuel economy

• Watch videos and see pictures of the actual car

• Ask questions with our Live Chat feature

• Free CarFax report right at your finger-tips

• Request a trade-in appraisal

• Research: car-buying tips, why buy used and payment calculators

• 7-Day repurchase Agreement ***

• Apply for your loan

• Transfer fee included in price

• Special offers

If you want to be the master of your credit card debt load, follow these key rules:

1. Take inventory. How many credit cards do you have? What’s the balance and minimum monthly payment on each? What’s the total balance? If it’s more than you thought or can afford, it’s time to pare down.

2. Check out the cost of your credit cards. What’s the interest rate on each card? What’s the annual fee? Does your card offer a grace period? If the card doesn’t have a grace period, or if you carry over a balance, or take a cash advance, you’re usually charged interest right away.

3. Get one low-fee or lower-interest card and use it wisely. Make GNO FCU your first stop when starting your search. Check to see if you can transfer existing debt from your various credit cards to your new lower-interest credit card.

4. Make the largest monthly payment you can afford. Even though you may not be able to pay your balance in full, paying the monthly minimum may do little more than cover the accrued interest.

5. Watch out for “teaser rates.” Your mailbox may be brimming with unsolicited credit card offers that promise attractive low-interest rates. But if you read the fine print, you’ll see that after six months or so the issuer may double the low introductory rate.

6. If you get in over your head, don’t bury it in the sand. If you’re having trouble making your monthly payments, contact your creditors before they contact you. If you’re already screening calls from bill collectors, or refusing to open your mail, you need help.

Contact GNO FCU at 455-8224. We’re here to help you get your finances back in order.Copyright 2017 Credit Union National Association Inc. Information subject to change without notice. For use with members of a single credit union. All other rights reserved.

Credit Unions Help Students When They Need It Most

While many banks and other lenders have stopped offering private student loans to focus on bigger, more profitable loan types, you still can depend on GNO FCU to help you pay for school. Credit unions have lower loan rates and provide more products and services for students, according to CBS Money Watch.

While you should first exhaust all sources of free money for school—grants and scholarships—and federal student loans, a private loan can help fulfill any remaining financial need. And low rates are just the beginning at GNO FCU. We also offer low- or no-fee checking and debit cards, low-rate credit cards, and low-rate auto loans and mortgages. Added to that mix is superior service and financial education to help you manage your money wisely.

Contact us today at 454-8224 for help with your financial needs.


Six Rules for Managing Credit Card Debt

Every two seconds an American becomes a victim of identity theft. If the thought of having to clean up your credit report because someone stole your identity frightens you, and you don’t want to become another statistic; here are some tips to stack the odds in your favor

1. A winning night, can turn into a nightmare really fast if your wallet is lost, or stolen, especially if personal information like your social security card is in there. Do not carry your social security card. And, just as importantly, make copies of all your cards. That way, if they’re stolen you can report it fast, and accurately.

2. You can bet that if you use easy to guess passwords and PINS—like your house number, or birth date—some hacker will figure it out. Use a mix of symbols and numbers, and upper and lower case letters.

3. Use your instinct. If an overly generic e-mail address doesn’t look legit, don’t reply, and don’t click on any links. Go to your account log-ins manually using a bookmark, or typing the URL.

4. Know that your credit union will never call, or e-mail asking for your social security number, or birth date. If a business, or individual asks for personal information, passwords, or credit card numbers--do not give them. Instead, call any financial institution requesting information directly at a number you know is legitimate

5. Make sure all your electronic devices are as secure as possible by up-dating your operating systems, software and browsers; being up-to-date will minimize chances of being hacked. And, password-protect all of your devices, so that if stolen, logging in will be more difficult.

6. Shred, Yes, some of the easiest targets for identity thieves are home trash bins. Shred invoices, financial statements, or any other personal type documents. Don’t just toss them; shred them.

7. Check your online banking accounts and credit reports regularly. There are three credit-reporting bureaus...a trifecta-for analyzing your activity. Check a different bureau every four months at annualcreditreports.com. If you see anything suspicious, report it.

Follow all these steps, and your odd of being a victim of identity theft will drop dramatically.

7 Tips to Avoid Identity Theft

Reach Your Financial Goals

Through our partnership, you have access to GreenPath’s financial experts and resources:

If you need help with credit card debt, you may be eligible for a

debt repayment program, which could potentially eliminate collection calls,

reduce interest and eliminate fees.

Take the first step

1-877-337-3399www.greenpathREF.com

• Housing counseling • Student loan counseling

• Financial education and online tools

• Holistic financial counseling • Debt repayment

• Credit report reviews

GNO Insurance Agency, LLC offers comprehensive identity theft protection from LifeLock.

Insurance Products: are not insured by NCUA or any Federal Government Agency; are not a deposit of or guaranteed by the Credit Union or any Credit Union Affiliate; may lose value. Any insurance required as a condition of the extension of credit by GNOFCU need not be purchased from our Agency but may, without affecting the approval of the application for an extension of credit, be purchased from an agent or insurance company of the customer’s choice.

INSURANCE AGENCY, LLC

WWW.GNOFCU.COM/INSURANCE (844) 788-0819 TOLL FREE

In today's always connected world, that's more important than ever. You're at risk every time you bank online, search, shop, text or tweet.

Safeguard your finances, credit and good name.

504.454.8224Toll-free in LA: 888.468.5041Toll-fee outside of LA: 800.468.504124/7 Call Center/Loan Line 866.363.0207

COMMUNIQUE’ 24-HOUR ACCOUNT ACCESS LINE504.459.8170

NATIONWIDE CO-OP SHARED BRANCH NETWORKhttps://co-opcreditunions.org/locator/

METAIRIE3105 Lime St. 70006

MID-CITY NOLA2812 Canal St. 70119

WESTBANK HARVEY2731Manhattan Blvd. Ste. A-25 70058

WWW.GNOFCU.COM

Federally insured by the NCUA

GNO FCU Members Get Exclusive Discounts from Love My Credit Union Rewards

Everyone loves to save, especially on products and services you use every day. That's what Love My Credit Union Rewards is all about. Members have saved nearly $2 billion in discounts from valued partners through Love My Credit Union Rewards. You can save too with valuable discounts from these partners:

♥ $100 cash reward with every new line switched to Sprint! Current customers will receive $50 for every line transferred. Plus, a $50 loyalty reward every year for every line!*

♥ Save up to $15 on TurboTax federal products!♥Get an exclusive smoke communicator and a $100 gift card with a new ADT monitored home security system.♥ Shop and get cash back at over 1,500 online retailers with Love to Shop

To find out more and learn about other valuable discounts, visit LoveMyCreditUnion.org. You get all these offers and discounts just for being a member of GNO FCU.

Start saving today at LoveMyCreditUnion.org.

*Activ. Fee: Up to $30/line. Credit approval req. Sprint Credit Union Member Cash Rewards Offer: Offer Ends 12/31/2017. Avail. for eligible credit union members and member employees (ongoing verification). Tax ID req. to establish business acct. Switch to Sprint and receive a $100 cash reward for each new smartphone line activation. Reqs. port-in from an active number (wireless or landline). Existing customers receive a $100 cash reward for each new smartphone line activation and/or a $50 cash reward for each smartphone line transferred to program. New lines req. activation at point of sale. Max 15 lines. Sprint acct must remain active and in good standing for 31 days to receive Cash Reward. Excludes MBB devices, tablets and Sprint Phone Connect, upgrades, replacements and ports made between Sprint entities or providers associated with Sprint (i.e. Virgin Mobile USA, Boost Mobile, Common Cents Mobile and Assurance.) May not be combinable with other offers. $50 Loyalty Cash Reward: Members can earn one $50 cash reward annually when Sprint acct remains active and in good standing for 1 year. Max 15 lines. Cash Reward: Cash Reward issued by CU Solutions Group. Allow 6-8 wks for Cash Reward to be deposited to your Credit Union acct. If the Cash Reward does not appear after 8 wks, visit lovemycreditunion.org/sprintrewards. Other Terms: Offers/coverage not avail. everywhere or for all phones/networks. May not be combinable with other offers. Offer, terms, restrictions, and options subject to change and may be modified, discontinued, or terminated at any time without notice. Restrictions apply. © 2016 Sprint. All rights reserved. Sprint and the logo are trademarks of Sprint. Other marks are the property of their respective owners.

Members have saved nearly $2 billion with Love My Credit Union Rewards!

Start saving today at LoveMyCreditUnion.org

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