WINTER QUARTERLY
www.Niagarafallsafcu.com I 2420 Olmstead Street, Niagara Falls, NY 14304, 716-297-4034, Fax 716-297-1223 I October 2013
NEW & USED CAR LOAN SPECIAL!!!!!
Let us re-finance your existing auto
loan or looking to get a new car?
RATES AS LOW AS 1.99%
FOR NEW & USED AUTOS!
(new money only)
CALL OR STOP IN TODAY
FOR MORE INFORMATION
FALLING VEHICLE LOAN RATES AT THE CREDIT UNION
This autumn, the leaves aren’t the only thing
falling….so are vehicle loan rates at the Credit
Union.
OUR SERVICES
Home Banking Service
Share (Savings) Account
Share Draft (Checking) Accounts
Holiday Club Accounts
Youth Accounts ($50.00 Balance)
Scholarship Program
Certificates of Deposit
Money Market Accounts
(Monthly Dividend)
Visa Debit Cards & Visa Gift Cards
Money Orders
Certified Checks
Automatic Loan Payments
Purchasing and owning a vehicle can be a costly
undertaking for many credit union members. There
are multiple expenses involved including the cost of
the vehicle, financing, and insurances as well as
maintenance costs like gasoline, repairs, and
inspection. When taking these expenses into
account, one great way to save on your next ride is to
get the best rate possible on your auto loan. Most people are not purchasing a vehicle
with cash but rather looking for an affordable financing option. The rate you end up with
can have a major impact on your total bottom line vehicle purchasing price and affect your
monthly budget, so it’s important to shop around and do your homework.
Wire Transfers
Credit unions, well known for affordable financing options, offer a solid alternative to
banks and dealerships when it comes to vehicle loans. Since they are member-owned and
not-for-profit, they don’t have shareholders who gain their profits, but rather pass them
on to members in the form of better rates and lower fees. This makes the credit union an
ideal resource for anyone looking for a low-cost auto loan. And, right now, your credit
union is offering some great rates on new and used vehicle loans. If you’re in the market
for a vehicle check out the Credit Union’s website, stop in, or call us for details and rake
in some low rates this fall.
Home Mortgages
Postage Stamps
Overdraft Loans
ATM Machine-Lodging Bldg.
& Base Exchange, Bldg. 805
(FREE TO MEMBERS)
Notary Service
Home Equity Loans (Fixed & Variable)
Voice Response System
Real Time ATM/Debit Card Processing
HOURS AND CONTACT
INFORMATION
Office Hours
Monday – Thursday
9:00 A.M. – 3:30 P.M.
Friday 9:00 A.M. – 4:00 P.M.
HOLIDAY LOANS ARE HERE
Santa has his helpers: Folks with pointy ears and long noses
who wear funny hats. But what about you? How will you
make the holidays all shiny and bright? A holiday loan from
the credit union to the rescue! And a holiday loan can
actually save you money. Rather than overextending yourself
on credit cards (some of which may have interest rates of 25%
or higher) determine how much you need for your holiday
expenses: toys and gifts, gift wrap, cards, postage,
entertainment, travel and so on. If it seems as though you
may be spending too much, think about ways you can
economize. For example, host a holiday brunch instead of dinner or invite guests to bring
their specialty dish rather than footing the entire food bill yourself. Once you’ve arrived
at a figure, see the credit union for your holiday loan. Use these funds (and no more) for
your holiday spending. Having a pre-determined amount and a plan for spending puts
you in control. Call or stop in for more details.
Office Location
2420 Olmstead Street, Niagara Falls, NY 14304
Fax 716-297-1223
Phone Lines
236-2085
236-3184
VRU
297-4447
1-800-795-3912
298-1533
297-4034
297-4448
HOLIDAY CLOSINGS: Monday, October 14, 2013-Columbus Day, Monday, November 11, 2013-Veterans Day, Thursday,
November 28, 2013-Thanksgiving, Tuesday, December 24, 2013-Christmas Eve-CLOSED ALL DAY, Wednesday, December 25, 2013-Christmas Day,
Tuesday, December 31, 2013-New Years Eve-CLOSING AT NOON, Wednesday, January 01, 2014-New Years Day
Niagara Falls Air Force Federal Credit Union www.Niagarafallsafcu.com I 2420 Olmstead Street, Niagara Falls, NY 14304, 716-297-4034, Fax 716-297-1223 I October 2013
THREE WAYS TO HELP REDUCE YOUR DEBT
1. Once you pay off any type of installment loan, continue to make “payments” to your savings account at the credit union. If it
isn’t possible to save the entire amount, then at least save half of the payment you were making.
2. Make one extra mortgage payment each year. This can save you thousands of dollars in interest. If making one extra payment
a year is too much, divide your mortgage payment amount by 12, and add this amount to your monthly payment. Include a note
with your payment instructing the lending institution to apply the extra payment to the loan’s principle. By increasing your
mortgage payment, you not only save money over time but it also increases the equity in your home.
3. Make it a goal to get rid of your credit cards, student loans, car payments, etc. Figure out how much interest you are paying.
Then, make a list of each debt, including creditor’s name, interest rate, and monthly minimum payment that is due. Pay the most
amount each month to the creditor with the highest interest rate. This will help to reduce your outstanding debt.
SHARE THE GIFT OF MEMBERSHIP
Share the benefits of belonging to the credit union with friends, family, and co-workers. When you do, you’ll be doing both
yourself and them a favor. You’ll be helping yourself because the more members the credit union serves, the more cost-efficient
we can become; that efficiency translates into additional products and improved services for all. You’ll be helping your friends
and family enjoy the competitive rates and friendly, convenient services we’re known for.
Year after year, credit unions receive high ratings on national consumer satisfaction surveys because they exist only to serve their
members, not to make a profit for shareholders. As not-for-profit financial cooperatives, credit unions are member-owned and
member-driven. So please pass the word to friends and family members about how the credit union difference in structure and
function can help make a difference in their lives.
PAYDAY LOANS: DON’T BE SEDUCED
They have catchy names-EZ Loans or Checks to Go.
They have smiling staff who make it seem as though
you’re just borrowing money from a friend. But don’t
be fooled. Notes the Federal Trade Commission, a
payday loan-a cash advance secured by a personal
check or paid by electronic transfer- is very expensive
credit. Payday loans may be a way to get cash in a
hurry, but you pay dearly for the privilege. Annual
percentage interest rates can climb as high as 400
percent, and it’s to the payday loan operation’s
advantage, not yours, if you keep rolling over the loan.
Instead, contact the credit union to find out about
payday loan alternatives. We’ll work with you to
explore options, including setting up a way to save
small amounts so you can prepare for future expenses.
We’re here to help. Call us today.
SAVINGS RATES
LAST QUARTER
Dividends are paid quarterly on accounts
with an average daily balance of $250.00 or
more.
CERTIFICATES OF DEPOSIT
Minimum balance required = $1,000.00
Refer to our website (www.NiagaraFalls
afcu.com) for the most current savings rates
paid on all deposit accounts.
IN APPRECIATION OF AMERICA’S VETERANS
Monday, November 11 is Veterans Day,
a day to set aside as a national holiday to
honor and remember those who have
served in the United States Armed
Forces.
According to the U.S
Department of Veterans Affairs,
Veterans Day is “a celebration to honor
America’s veterans for their patriotism,
love of country, and willingness to serve
and sacrifice for the common good.”
But we should appreciate all that our veterans have done to ensure the
American way of life every day. We live in the land of the free because
of the brave, and their service to protect our freedom has not come
without many sacrifices. They have given up a great deal for their
fellow Americans. For that, we are grateful. Thank you veterans!
LOAN RATES
f.y.i.
FOR YOUR INFORMATION...
**All Rates advertised as low asShared Secured – 2.0%+Share Rate (24 Months)
Unsecured Personal – 8.45% (24 Months)
Overdraft Line of Credit – 17.9%
Home Equity – 3.99%
Vehicle Loans (Auto, Trucks, Motorcycles,
RV’s, Mobile Homes, Airplanes, Boats)
New and Used Vehicle – As low as 1.99%
(** Interest rate determined by credit score)
The credit union has two
Notaries on hand. The service is
free of charge. Stop in and see
Linda Malfa (Manager) or
Amanda Forster (Head Teller)
for your notarizing needs.
To Report a Lost/Stolen
Debit Card - Call
1-800-472-3272