June 2014 Issue 26 Loan Rates New Vehicle Loans: as low as 1.99% APR to qualified 777 East Main St. Torrington, CT 06790 860-489-2212 Superior Treatment And Respect www.TMTFCU.org STAR: 860-201-0002 borrowers. Home Equity Loans/Lines of Credit: Please call for rates & info. Used Vehicle Loans: as low as 3.99% APR to qualified We have saved Litchfield County over $500,000 so far this year!!! borrowers. Signature Loans: as low as 5.25% APR to qualified borrowers New Motorcycle Loans: as low as 3.99% APR to If we haven’t saved you money yet in 2014, stop in today to save!!! qualified borrowers Used Motorcycle Loans: as low as 5.99% APR to qualified borrowers. Share Secured Loans: 3% APR over current savings & Share Certificate rates Make Your Home Work For You With our Home Equity Credit Line!! Minimum rate is 3.99% APR Score A Hole In One With Our Great Auto Loan Rates! As low as 1.99% APR As long as 60 Months!!! See us today! Rapid Refi Mortgage! Reduce your term in NO time!!! Start Your Summer With Savings! Borrow as much as $2,000 as long as 10 months as low as 4.99%APR OR Borrow as much as $5,000 as low as 7.99% APR APR Fixed Rate. No annual fee Office Hours Monday, Tuesday, Wednesday8:00 AM to 5:00 PM Thursday8:00 AM to 6:00 PM As Low as 3.49%APR New Lines Only VISA Credit Cards: 11.9% Drive Thru til 6:30 PM Friday8:00 AM to 5:00 PM Drive Thru til 5:30 PM Saturday9:00 AM to 12:00 Noon Holiday Closings 07-4-14 3.99% APR for 7 years 4.99%APR for 12 years New Discounts!!! CT Sun Discount Tickets—Purchase tickets for as little as $18.00 per person! R&B Sports World—Purchase one Mini Golf Game, get one free! Big Enough to Serve You, Strong Enough to Support You, Small Enough to Know You. 4th of July Deposit Rates Dividends REG SHARES* .150%APY IRA SHARES .150%APY CLUB SHARES .10%APY MONEY MKT** .200%APY MM PLUS ** .25%APY MM ADV** .30%APY HSA .551%APY RISING STAR *** 5.00%APY Dividends on all above shares are declared & paid at the end of each quarter. Dividends are calculated on average daily balance. *Minimum average daily balance to earn dividends on regular shares is $100.01. **MM is for personal accounts only. Minimum deposit & balance for MM is $1000.01, MM PLUS is $10,000.01, MM ADV is $50,000.01. ***Rising Star is for personal accounts only. 5.00% APY on deposits up to $1,000 through age 17. Rates are accurate through 7/31/2014. Share Certificates (Regular and IRA) 6 mos ($500 min) .25%APY 12 mos ($500 min) .351%APY 18 mos ($500 min) .451%APY 24 mos ($500 min) .551%APY 30 mos ($500 min) .652%APY 36 mos ($500 min) .753%APY 60 mos ($500 min) 1.005%APY Share certificate dividends are accurate through 7/31/2014 There may be a penalty for early withdrawal. STAR MEMBERS add .25 basis points. Your shares are insured federally by NCUA to at least $250,000. Got your eye on a new car—and enticed by offers of 0% financing? You may end up spending a lot more than you bargained for. Though 4 out of 5 car buyers finance through their dealer, many are paying interest that is 2-4% more than what they could have gotten had they pre-qualified for a loan through their credit union. Dealers have strict credit requirements If you have less than perfect credit, it is likely you won’t qualify for your dealer’s 0% financing on your new car. In fact, more than 60% of customers are turned down. If you’re turned down for 0%, they’ll likely try to talk you into a higher-rate loan that is further marked up by the dealership—and you may be one of the millions of Americans spending billions cumulatively in marked up auto loans! Either/Or Dealer incentives, such as 0% financing, often come in lieu of a large (usually $2,000-$3,000) rebate—money you could have used to reduce your loan balance if you’d gotten your own financing. In many cases, the rebate and savings on application fees will outweigh savings from 0% financing. Price Padding Your dealer isn’t going to let you drive off the lot without first trying to convince you of all the extras you need for your new car, such as GAP Insurance and extended vehicle warranties. Then they’ll try to wrap these add-ons into the already marked-up dealer financing terms, giving them even greater profits from the sale. Credit unions, historically, have the best rates on auto loans. Since credit unions have a relationship-based model of banking, they are more likely to work with you if your credit is flawed. Extras, such as extended warranties, Mechanical Breakdown Protection, and GAP coverage can also be added into your low-rate financing, and purchased at the credit union at a reduced price. At TMTFCU, not only will you save money, but you will stay local. Your title will be held in our office, and you are even eligible to skip two payments per year!!! Financing Comparison Chart—$35,000 Auto Loan *Check out this financing comparison chart and see what you can actually be saving JUST by financing with Torrington Municipal & Teachers Federal Credit Union!!! Stop by to get pre-approved TODAY!!! 0% Dealer Financing 1.99% APR TMTFCU Loan Dealer Rebate $0 $2,500 Loan Term 60 Months 60 Months Monthly Pmt. $583.33 $569.54 Total Payment $35,000.00 $34,172.36 Savings $0 $827.64 *Illustration shown is for informational purposes only. THINK TMTFCU FIRST! Don’t forget your credit union should be your first stop when you are looking to finance a purchase or invest some money!! At Torrington Municipal & Teachers Federal Credit Union we’re offering you the option to skip your loan payment* during the month of your choice. Scan the QR code, print, complete and return the coupon to us, and we will do the processing. * First payment of a loan may not be skipped. Borrower must be a credit union member in good standing. Home Equity loans, delinquent borrowers and members in loan modification are not eligible for this offer. A $40.00 processing fee will be added onto your loan balance. The term of your loan will be extended with this offer, and interest will continue to accrue. Only two skips per 12 month period, based on the term of the loan, with a minimum of 5 consecutive payments between skips.