Member TeachersFCU.org February 2019 92448-0219 Certificate Account Specials: Go to TeachersFCU.org for Today’s New Rates! Lower Your Monthly Expenses! FIXED POSTED RATE ARM POSTED RATE PURCHASE/REFINANCE – PRIMARY RESIDENCE ONLY *All loan level price adjustments will be added to promo rate. Maximum loan to value 75% .25% OFF .125% OFF Mortgage Special Ends 3/31/19 Combine your mortgage and home equity payments by financing with us! HOME All rates and terms are subject to change without notice. *APR: Annual Percentage Rate. Rates & terms accurate as of 1/18/19. Maximum loan amount is $453,100. Pay $4.99 per $1,000 borrowed for 30-year fixed rate mortgage at 4.44% 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 1/18/19. Jumbo mortgages available from $453,001 up to $3,000,000. Pay $4.70 per $1,000 borrowed for 10/1 Adjustable rate jumbo mortgage at 4.55% 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 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%. We Offer Fixed Rate Mortgages up to $453,100 and Jumbo Mortgages up to $3,000,000! APR* RATE 30-Year Fixed Rate Mortgages Rates as low as 4.375 % 4.44 % APR* RATE 10/1 Adjustable Rate Jumbo Mortgages Rates as low as 3.875 % 4.55 % APR** RATE TFCU Offers Jumbo Mortgages up to $3,000,000 with 80% financing & up to $1,000,000 with 90% financing & PMI approval. No Points. Other Adjustable and Fixed Terms Available. No Points. For more information on either of these products, please contact a representative in our Call Center at 631-698-7000, extension 6790. *APR: Annual Percentage Rate. Rates and terms accurate as of 1/18/19. All rates and terms are subject to change without notice. Term: 180 Months. Daily Periodic Rate is 0.0075%. Rate applicable for terms up to 120 months. Higher terms are available. Ask for details. HELOC max $500,000 (up to 80% of home value, rate shown for 80% max. LTV). Lines up to $100,000 require $10,000 min. advance & must maintain a balance of $5,000 for 36 months to avoid repayment of closing costs. Lines $100,001 - $250,000: $60,000 advance & maintain a balance of $50,000 for 36 mos. to avoid repayment of closing costs. Lines $250,001 - $500,000: $150,000 advance & maintain a balance of $100,000 for 36 mos. to avoid repayment of closing costs. Variable rate equal to the Wall Street Journal Prime Rate (5.50% as of 1/22/2018) as published 30 days prior to interest rate adjustment date, applied at loan origination. After 12 month period, a 1% maximum rate adjustment is allowed per quarter. Rate will not exceed 18% over the life of the loan. Appraisal will be required. Primary residence – New York only. Ask for details. Membership conditions may apply. **APR: Annual Percentage Rate. All rates and terms are subject to change without notice. Rates/terms accurate as of 1/18/19. Rates will be based on credit history. Rate shown is the lowest available. Applicants not approved at these rates or terms may be offered credit at a higher rate or term. Lien must be in first position on the subject property. Appraisal will be required. Primary residence – New York only. Ask for details. Membership conditions may apply. NO CLOSING COSTS! 2.99 % Interest-Only Home Equity Line of Credit ADJUSTABLE RATE APR* NO CLOSING COSTS! 4.25 % First Lien Position Mini-Home Equity Loan FIXED RATE 60-120 Month Term APR** Home Equity Products Which Will Suit Your Needs? Maximize your income with a TFCU IRA Savings or Certificate Account. Let us help you achieve your long-term goals with a safe solution to help your savings grow. Open a TFCU Traditional Individual Retirement Account (IRA), a Beneficiary IRA, or a Roth IRA today. These accounts are federally insured for at least $250,000. Catch Up Contributions Individuals who turn age 50 and older can make a catch-up contribution of $1,000 per tax year in addition to regular contributions. This catch-up contribution may also be made to an IRA for a non-working spouse. Rollovers You can roll over an IRA if you retire or change jobs and receive a lump-sum distribution from a qualified pension (i.e.: 403B, 401K) plan. You can roll over all or any part of these funds into a tax-deferred IRA rollover account. Transfers You also have the option of transferring your IRA from another financial institution to us. We will handle all the necessary paperwork at no cost to you. Call (631) 698-7000 ext. 6780 or visit TeachersFCU.org for CURRENT RATES, contribution limits and more information. IRA SAVINGS Great Rates and Tax Breaks! Build Your Retirement Savings With a TFCU IRA
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Member
TeachersFCU.org
February 2019
92
44
8-0
219
Holiday Closing
Certificate Account Specials: Go to TeachersFCU.org for Today’s New Rates!
Lower Your Monthly
Expenses! FIXED POSTED RATE ARM POSTED RATEPURCHASE/REFINANCE – PRIMARY RESIDENCE ONLY
*All loan level price adjustments will be added to promo rate. Maximum loan to value 75%
.25% OFF .125% OFFMortgage Special Ends 3/31/19
Combine your mortgage and home equity payments by financing with us!
HOME
All rates and terms are subject to change without notice. *APR: Annual Percentage Rate. Rates & terms accurate as of 1/18/19. Maximum loan amount is $453,100. Pay $4.99 per $1,000 borrowed for 30-year fixed rate mortgage at 4.44% 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 1/18/19. Jumbo mortgages available from $453,001 up to $3,000,000. Pay $4.70 per $1,000 borrowed for 10/1 Adjustable rate jumbo mortgage at 4.55% 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 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%.
We Offer Fixed Rate Mortgages up to $453,100
and Jumbo Mortgages up to $3,000,000!
APR*
RATE
30-YearFixed Rate Mortgages
Rates as low as
4.375%
4.44 %APR*
RATE
10/1 Adjustable Rate Jumbo MortgagesRates as low as
3.875%
4.55 %APR**
RATE
TFCU Offers Jumbo Mortgages up to $3,000,000 with 80% financing & up to
$1,000,000 with 90% financing & PMI approval.No Points. Other Adjustable and Fixed Terms Available.No Points.
For more information on either of these products, please contact a representative in our Call Center
at 631-698-7000, extension 6790.*APR: Annual Percentage Rate. Rates and terms accurate as of 1/18/19. All rates and terms are subject to change without notice. Term: 180 Months. Daily Periodic Rate is 0.0075%. Rate applicable for terms up to 120 months. Higher terms are available. Ask for details. HELOC max $500,000 (up to 80% of home value, rate shown for 80% max. LTV). Lines up to $100,000 require $10,000 min. advance & must maintain a balance of $5,000 for 36 months to avoid repayment of closing costs. Lines $100,001 - $250,000: $60,000 advance & maintain a balance of $50,000 for 36 mos. to avoid repayment of closing costs. Lines $250,001 - $500,000: $150,000 advance & maintain a balance of $100,000 for 36 mos. to avoid repayment of closing costs. Variable rate equal to the Wall Street Journal Prime Rate (5.50% as of 1/22/2018) as published 30 days prior to interest rate adjustment date, applied at loan origination. After 12 month period, a 1% maximum rate adjustment is allowed per quarter. Rate will not exceed 18% over the life of the loan. Appraisal will be required. Primary residence – New York only. Ask for details. Membership conditions may apply. **APR: Annual Percentage Rate. All rates and terms are subject to change without notice. Rates/terms accurate as of 1/18/19. Rates will be based on credit history. Rate shown is the lowest available. Applicants not approved at these rates or terms may be offered credit at a higher rate or term. Lien must be in first position on the subject property. Appraisal will be required. Primary residence – New York only. Ask for details. Membership conditions may apply.
NO CLOSING COSTS!2.99%
Interest-Only Home Equity Line of Credit
ADJUSTABLE RATE
APR*NO CLOSING COSTS!
4.25%
First Lien Position Mini-Home Equity Loan
FIXED RATE60-120 Month Term
APR**
Home Equity ProductsWhich Will Suit Your Needs?
Chris Hibbard, ChFC, CRPC, CFSVice President, Wealth Management5439 Sunrise Hwy., Holbrook, NY 11741(631) 698-7000 ext. 6020
Maximize your income with a TFCU IRA Savings or Certificate Account. Let us help you achieve your long-term goals with a safe solution to help your savings grow. Open a TFCU Traditional Individual Retirement Account (IRA), a Beneficiary IRA, or a Roth IRA today. These accounts are federally insured for at least $250,000.
Catch Up ContributionsIndividuals who turn age 50 and older can make a catch-up contribution of $1,000 per tax year in addition to regular contributions. This catch-up contribution may also be made to an IRA for a non-working spouse.
RolloversYou can roll over an IRA if you retire or change jobs and receive a lump-sum distribution from a qualified pension (i.e.: 403B, 401K) plan. You can roll over all or any part of these funds into a tax-deferred IRA rollover account.
TransfersYou also have the option of transferring your IRA from another financial institution to us. We will handle all the necessary paperwork at no cost to you.
Call (631) 698-7000 ext. 6780 or visit TeachersFCU.org for CURRENT RATES, contribution limits and more information.
IRA SAVINGS
Great Rates and Tax Breaks!Build Your Retirement Savings With a TFCU IRA
2 TFCU’s Annual Meeting will be held on April 22, 2019 at 6:00 pm at the Credit Union’s Main Office. All Members are Welcome!
Important Notice Regarding Your Tax Returns
TAX INFORMATION
To ensure efficient and timely processing of your tax refund or payment, please confirm that you are using your full account number as it is shown on your statement. Use of only your member number or an incomplete account number may result in processing delays.
If you are not sure of your full account number, you can obtain it in online banking. 1. Click on the account type you need the number for (ie: Share Draft Checking) 2. On the right hand side of your screen, in a box it lists your balance and available balance. Under it, in blue type, it reads “See account details”. Click on this option and your full account number will be displayed.
A second option, if you know your member number, is to contact our Call Center at 631-698-7000, extension 6780, and ask for your full account number.
Volunteer Income Tax Assistance (VITA) Program
MEMBER PROGRAMS
The VITA Program is available for low-income ($54,000 or less), persons with disabilities and limited English-speaking taxpayers who need assistance in preparing their own tax returns. IRS-certified volunteers will be available to provide free basic income tax return preparation to qualified individuals.
Tax assistance will be available on Tuesdays, 8:30 am – 3:00 pm, from January 29 – April 9, 2019 at our Amityville Branch only.
An appointment is necessary and can be made by calling (631) 698-7000 ext. 4160.
Please bring the following with you to your appointment:• Your W-2 wage and tax statements• Information on other sources of income and deductions• Social Security Cards for all taxpayers and dependents• A valid driver’s license or valid government identification
Do You Have a High Credit Card Balance? Transfer to a TFCU Visa Card and Save!
For more information, visit TeachersFCU.org or call 698-7000, ext 6790
SPECIAL PROMOTIONS
2.99 %Balance
Transfers
Existing Credit Card Accounts
2.99 %Balance Transfers
& Purchases
APR*
New Credit Card Accounts
APR*
All rates and terms are subject to change without notice. Rates & terms accurate as of 1/16/2019. *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).
You spoke and we listened! To serve our members better and give you the options you need, TFCU is proud to introduce a new, easy way to make your loan payments.
Pay TFCU Loans from External Accounts with Quick Pay!
Note: Please be sure to cancel any pre-existing automatic payments being made from non-TFCU accounts before using the Quick Pay option to avoid making duplicate payments.
NEW SERVICES
Term: 12 billing cycles - the promotional rate will extend through 12 billing cycles from the date of the first transaction.
No Balance Transfer Fee
Don’t Miss this Great Opportunity!
TEAM TFCU is Raising Funds for the Ronald McDonald HouseLittle by little, a little becomes a lot! During the month of February, TEAM TFCU is raising funds for the Ronald McDonald House. Buy a heart at one of our 31 branches to help us support this wonderful charity.
Our new Quick Pay option will allow you to securely make automatic, direct payments to your TFCU loan from accounts at other financial institutions through TFCU Online Banking or the convenient Quick Pay icon found under the Online Banking login box on the TFCU home page.
*Annual Percentage Yield (APY) accurate as of 1/18 /2019. All rates and terms are subject to change without notice.
TFCU’s Solar Energy LoanTFCU has partnered with SUNation and National Energy Connection (NEC) to make “going solar” easier for our members!
Reduce your electric bill, use backup power during power outages from storms, help the environment and so much more!
Here’s what you need to know: • Loans for up to $35,000• Low fixed annual percentage rates of up to 7.99%*• Flexible repayment terms of up to 96 months• No interest and no payments for the first 24 months• UCC-1 filing required• Loan is exclusive to SUNation and NEC customers only
For more information on this or any loan TFCU offers, speak to a representative at 631-698-7000, extension 3700 or visit TeachersFCU.org.
ENERGY SAVINGS
COMMUNITY
3
MEMBER SAVINGS
TFCU’s Annual Meeting will be held on April 22, 2019 at 6:00 pm at the Credit Union’s Main Office. All Members are Welcome!
Love is…that New Car Smell!You’ll fall head-over-heels with our low auto rates!
• Get pre-approved and know how much you qualify for.
• Finance up to 100% of the purchase price - including sales tax and warranty.
• Take advantage of our quick approval process. Apply online!
• Lower your payment by refinancing your car loan from another lender with us.
Maximum 4 Model Years Old (Inc. Current Year) Other Rates/Terms Available
New rates as low as
for up to 60 months
APR*3.29%
All rates and terms are subject to change without notice. *APR: Annual Percentage Rate. Rates and terms are effective 1/16/19. 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 $17.97 per $1,000 borrowed with a 60-month term at 2.99% for new auto loans. Pay just $15.33 per $1,000 with a 72-month term at 3.29% for used auto loans.
To see if you can be pre-approved, visit any of our branch locations, call (631) 698-7000, ext. 6790 or visit our website at Teachersfcu.org
5.00%APR*
All rates and terms are subject to change without notice. Rates & terms accurate as of 1/16/2019. *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).
MEMBER NOTICES
Energy Assistance Loan TFCU is offering Energy Assistance Loans to see you through the home heating season.• 5.00% APR*• Minimum loan: $250• Maximum loan: $3,000• Repayment Terms: Up to 12 months for $1,500 Up to 18 months for $3,000• Purpose - Oil, electric or natural gas • Offered through March 31, 2019
Have a Night on the Town at the Staller Center!TFCU supports The Staller Center, Your Stop for the Arts! Visit www.stallercenter.com and enter SAVE5 at checkout for $5 off each full price adult ticket for shows at the Staller Center. Children 12 and under are always half price.
Branch Mortgage OriginatorsWe now have Mortgage Originators in 15 branch locations across Long Island and Queens. Whether you’re placing an application, weighing your options or simply looking to learn more about mortgages, they’re here for you!
For more info, visit TeachersFCU.org or call 698-7000, ext. 6790
HOME
When you finance an Enterprise vehicle with Teachers Federal Credit Union
February 1 – 28, 2019
It’s tax time.Take your refund and drive.
Visit cuautodeals.com and contact your credit union to get pre-approved today.
Plus, Enterprise will appraise your vehicle using Kelley Blue Book® Trade-In Value and Add $5002
Get rates as low as 3.29% APR1
† Facility employees only† † Services currently limited
Branch Locations
Convenient Loan Call Center Hours 24/7 Loan Information & Applications
631-698-7000, Ext. 6790.
TFCU’s Routing Number: 221475786
Check www.TeachersFCU.org for all of our GREAT RATES!
twitter.com/TFCU
Board Of DirectorsTimothy M. Southerton, ChairmanGeorge L. Dornhoefer, Vice ChairmanJuan C. Nuñez, TreasurerApril S. Neitlich, SecretaryRaymond P. GrossmanRonald A. MincioRobert J. NeyMario P. ShortinoShalei V.K. SimmsF. Jane Harris, Director EmeritaFrank D. Spencer, Director Emeritus
Executive ManagementRobert G. Allen, President/CEOC.J. Meyers, Executive Vice President/COO
Supervisory CommitteeJames F. Nohe, ChairmanMark O. Israel, SecretaryAlan R. Fertmann Eric J. Iberger April S. Neitlich
Hauppauge - 102 Motor Pkwy.Holbrook - 5439 Sunrise Hwy.Huntington - 211 East Main StreetKings Park - 742 Route 25AManorville - 460 County Road 111 Merrick - 1638 Merrick Rd. Nesconset - 127 Smithtown Blvd. North Babylon - 1134 Deer Park Ave.North Massapequa - 4250 Jerusalem Ave. Oakdale - 951 Montauk Hwy.
Patchogue - 31 W. Main Street, Suite 23 Port Jefferson Station - 5145 Nesconset Hwy. NEW LOCATIONRiverhead - 176 Old Country Rd. (Rte. 58)Riverside (Manhattan)†† - 180 Riverside Blvd. at W69th St. Rocky Point - 561 Route 25A Selden - 301 Independence Plaza, (Rte. 25)Shirley - 437 William Floyd Parkway. Smithtown - 1 West Main StreetSouth Setauket - 260-A Pond PathWading River - 6257 Route 25A Woodside (Queens)†† - 50-24 Queens Blvd.
631-698-7000 • 1-800-341-4333**Outside the Long Island, Westchester and New York Metro areas.
TFCU HEADQUARTERS Located at: 102 Motor Pkwy, Hauppauge, NY
Mail: P.O. Box 9005, Smithtown, NY 11787www.TeachersFCU.org
While consistent effort is made to ensure the integrity of information contained in this publication, material should not be considered legal,
financial or professional advice. Terms and conditions apply. Please speak to a representative for details.
facebook.com/TeachersFCU
Instagram.com/TeachersFCU
Holiday Closing
All TFCU branches will be closed on Monday, February 18 in
observance of Presidents Day
We Offer Fixed Rate Mortgages up to $453,100
and Jumbo Mortgages up to $3,000,000!
The rest of us need a little help.After you meet with us, saving for