1. finance
2. personal finance
3. lending
4. credit cards

Money Matters
Published for Members of Baptist Health South Florida Federal Credit Union
July2013
2014
July
Summer’s hot deal gets you
$500 more for your trade.
From July 1 – 31, 2014, we’ll appraise your vehicle using Kelley Blue Book® Trade-In Value and add $500.1
Plus, get rates as low as 2.99% APR.2
Upon used vehicle purchase from Enterprise Car Sales.
Call (786) 662-8138 or visit bhsffcu.org to get pre-approved today.
Preview our great selection of quality used vehicles or find the nearest location at cuautodeals.com
Visit us at Enterprise Car Sales
Miami, 17720 S. Dixie Hwy., (305) 378-0111
1
Kelley Blue Book Trade-In Values used by Enterprise are obtained from © 2014 Kelley Blue Book Co.’s website KBB.com. Kelley Blue Book Trade-In Value is based on accurate condition rating and mileage of vehicle. Accurately appraising the condition of the vehicle is an important aspect of
determining its Kelley Blue Book Trade-In Value. Kelley Blue Book valuation adjustments for vehicle mileage disproportionate to the age of the vehicle may be capped by Enterprise Car Sales at 20% of the vehicle’s base value. If a Kelley Blue Book Trade-In value is not available for customer’s
vehicle Enterprise will provide a fair and competitive value for customer’s vehicle. Additional trade-in value of $500 is available only on passenger vehicles and light duty trucks, with a Kelley Blue Book Trade-In Value and when a vehicle is purchased from Enterprise. Customer is responsible to
any extent vehicle pay-off exceeds Enterprise offer. Customer must provide required proof of ownership/registration and all other necessary paperwork to transfer title. Offer only valid on one trade-in for each Enterprise vehicle purchase. Restrictions apply. For details, see an Enterprise Car Sales
Manager. Offer void where prohibited including AK, HI, KY, LA, MD, NE, NM, OK, OR, SC, TX, VA and Washington, D.C. Offer valid 7/1/14 - 7/31/14. No cash advances. Cannot be combined with any other offer other than rate incentive in this advertisement. 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. 2 APR=Annual Percentage Rate. Rates as low as 2.99% APR for 36 months. 100% Financing available including
Tax, Title and License. Financing for qualified Baptist Health South Florida Federal Credit Union members. Not all buyers will qualify. Actual rate may vary based on credit worthiness. Offer valid only on Enterprise Car Sales vehicles purchased 7/1/14 – 7/31/14. The “e” logo, Enterprise, and
“Haggle-free buying. Worry-free ownership.” are trademarks of Enterprise Holdings, Inc. All other trademarks are the property of their respective owners. © 2014 Enterprise Car Sales. E06331 8.5x5 Ad 2/13 JH
League Honors Credit Unions for Exceptional Service
The League of Southeastern Credit Unions and Affiliates (LSCU) announced
the recipients of the 2014 LSCU Awards. They were presented on Friday, June
13, during the Southeast Credit Union Conference and Expo (SCUCE) in
Orlando. Baptist Health South Florida FCU was awarded the Credit Union
of the Year in the up to $100 million in assets category.
Baptist Health South Florida FCU is a Bauer 5-Star credit union based upon
its outstanding financial data. The Credit Union doubled its loan growth in
2013 and added $3.2 million in new assets. Besides its regular array of financial
products, the credit union introduced a new credit card program, a citizenship
loan for future citizens, and offers a “no credit check loan” to offset payday
lenders. Baptist Health South Florida FCU front line staff is accredited as
Community Development Financial Institution (CDFI) counselors which help
to identify member needs and get them on a path to a stronger financial future.
President/CEO Michael Raley (center) accepts
LSCU award; pictured with Blanca Lobato,
SVP Lending and Alex Aspuru, VP Operations
“To be honored as a credit union of the year is very gratifying,” said Baptist Health
South Florida FCU President/CEO Michael Raley. “This award symbolizes what our credit union staff does every day – work to
better the lives of our members.”
Summer Loan Special!
It’s that time of the year. Go on a summer vacation.
Send kids to summer camp or summer school. Or,
prepare for the hurricane season. Whatever your need
is, a Summer Loan can help with the expenses of the
season.
7.99%
APR*
With a Credit Union Summer Loan, you can borrow up to
$2,500 at an annual percentage rate (APR) of 7.99%. The
term of the loan is 12 months. With bi-weekly payroll deductions, the payment
is affordable and convenient. You don’t have to worry about making a payment
late.
Apply now to get your Summer Loan. Apply online, visit a branch or ask the
roving representative for assistance. Don’t delay. This special rate (7.99% APR)
is only effective from June 1st to August 31st, 2014.
*You must meet Credit Union lending guidelines. Rates are subject to change.
Shrink Your Auto Loan Payment
Did you finance your car or truck somewhere besides the Credit Union?
If you answered yes, your monthly payments are probably higher than
they should be. It’s time to shrink that payment and put more money in
your wallet.
The Credit Union is offering a rate reduction of 1%* off your
current rate! It could even be more if you qualify. You save even more
by making bi-weekly payments.
Talk to a member service representative today. You can save money by
refinancing your auto or truck bank loan. Refinancing is not difficult
and the member service representative from the Credit Union will help
you through the necessary paperwork. Stop by a branch soon or call.
It’s time to shrink your auto loan payment and put the savings to
good use.
*You must meet Credit Union lending guidelines. The loan cannot be an existing Credit
Union loan and the new rate cannot go below 3.99% Annual Percentage Rate. Rates are subject to change.
Lowest Rates In Years For Home Equity Loans
That’s right. The Credit Union has home equity loans as low as
3.99% annual percentage rate for up to a five year term*. As home
values improve, more members may qualify for a low rate home
equity loan. To qualify for a home equity loan, contact Fembi
Mortgage, the Credit Union’s mortgage processor, at 786-520-2205.
Members with a high rate first mortgage, who have a short time left
on the loan, may want to consider paying off the first mortgage and
get a home equity loan at a lower rate. You may be able to lower your
monthly payment and still keep the tax advantage of a mortgage
loan.
If you are thinking about getting a home equity loan for any reason,
now is the time to act. The 3.99% annual percentage rate went into
effect April 15th, 2013. When loan rates start to climb, this low rate
will go away. So, act now to get qualified for your low rate home
equity loan. Call Fembi Mortgage at 786-520-2205.
The Credit Union has other home equity rates and terms to meet member needs.
*You must meet Credit Union lending guidelines.
Summer Blast Visa Card!
With the summer here, your credit card may be getting a lot of
activity. Shopping, hotels, rental cars, restaurants, concerts or sports
events – make your summer a blast when you use your Credit Union
Visa card.
• Affordable rates
• No annual fees
•U
Choose Rewards for free travel and merchandise
(separate registration required)
• Online access to your credit card information anytime
• 24-hour Call Center
• Easy bill payment - at a branch, online or set up automatic
monthly payments using payroll deduction
Whether you choose a Platinum, Gold or Classic Visa, remember to
pack it along no matter how close or far you go from home.
Just don’t delay! Apply today – online or in person at any of our
branches and get ready for a summer blast Visa card.
Got high interest credit card balances with other lenders?
Ask us about transferring those bills to a lower interest credit
union Visa card. It’s easy! And there are no balance transfer fees.
E-Statement Winners
During the months of April and May e-statement promotion, the Credit
Union had 144 members register for e-statements. Three members were
randomly selected to win $100 each. The winners are: Bethy St. Julien,
Julia Fuentes and Dexter White.
Members who get their statements electronically receive them quicker
than through regular mail, they don’t have to worry about a paper trail,
they can create a “folder” to file statements for future reference and they
save the Credit Union the cost of mailing.
Credit Union Milestone
The Credit Union just enrolled its 11,000th member! Eve D. McGarry from
Doctors Hospital joined the Credit Union June 5, 2014. Eve was given a
$100 Credit Union Visa Gift Card in appreciation of this special event.
Christina Velez, the Member Service Representative for Doctors Hospital, is
available on Tuesday and Thursday from 9:00am to 12:00pm and from 1:00pm
to 3:30pm.
Home Buying Seminar
There will be a home buying seminar at Doctors Hospital July 24th from 2:00pm
to 3:00pm with time for questions at the end. The seminar is open to any hospital
employee interested in learning more about the home buying process. The seminar
will be held in the Riviera Conference Room. You can register by emailing Blanca
Lobato, SVP Lending, at [email protected].
Connect with Your Money
Anytime, Anywhere
You can now use your mobile phone to get your account balance, check your account
information and even transfer funds. To register your phone for Mobile Banking, access Home
Banking. Click on the tab labeled Self Service and then click on Mobile Money. You will be asked
some basic questions to get you started for managing your account(s) using Mobile Banking.
If you are not already on home banking, bill pay and getting your statements electronically,
now is the time to act. All of these products, including Mobile Banking, are provided
to our members free. Take advantage of them and enjoy the convenience of banking at
home, at work or on the road. If you need assistance to register, please ask a member service
representative to help or call one of our branches. Get connected today!
Prepaid Visa Card
Give the card as a gift. Use it to go shopping. Or, carry it with you when traveling instead
of cash or checks. You can select any amount between $10 and $1,000. If you need more
money on hand, simply purchase another card(s). The cost per card is only $3.00.
The cards are nice looking and they come with a convenient holder. They can be used at
millions of places around the world that accept Visa. Give the card as gift, or take it on a trip. It
looks nice and it’s safer than cash. Stop at a branch and pick up your prepaid Visa card today.
Night Deposit Boxes
The Credit Union has “night deposit boxes” in the door of the Fast Track Booth at Baptist Hospital and in the door of the
Homestead Hospital branch. Members can drop off deposits, loan applications, change forms and other documents at their
convenience. The “night deposit boxes” are secure locked boxes.
When the Fast Track and the Branch opens, appropriate action will be taken depending on what is in the “night deposit
box”. The “boxes” should be very helpful for members who can’t get to the branch during regular hours, especially
employees working late evenings, night shifts or weekends.
The Credit Union plans to add “night deposit boxes” in South Miami and West Kendall in the near future.
SOUTH MIAMI HOSPITAL BRANCH
6200 S.W. 73rd St., Miami, FL 33143
(786) 662-8138
Mon.-Thurs.
9:00 am - 4:30 pm
Fri.
7:30 am - 5:30 pm
BAPTIST BRANCH
8900 N. Kendall Dr., Miami, FL 33176
(786) 596-5918
Mon.-Thurs.
9:00 am - 4:30 pm
Fri.
7:30 am - 5:30 pm
HOMESTEAD HOSPITAL BRANCH
975 Baptist Way, Homestead FL, 33033
(786) 243-8482
Mon.-Thurs.
9:00 am - 4:30 pm
Fri.
7:30 am - 5:30 pm
Closed Daily: 12:00 pm - 1:00 pm
WEST KENDALL BRANCH
Access Limited to On-Site Staff Only
(786) 467-3121
Mon.-Thurs.
9:00 am - 4:30 pm
Fri.
7:30 am - 5:30 pm
Closed Daily: 12:00 pm - 1:00 pm
DOCTORS BRANCH
5300 University Dr., Coral Gables, FL 33146
Tues. & Thurs. 9:00 am - 3:30 pm
Closed
12:00 pm - 1:00 pm
MARINERS BRANCH
91500 Overseas Hwy, Tavernier, FL 33070
Non-Pay Week Wed. 7:30 am - 11:30 am
BHSF CORPORATE OFFICE
Access Limited to On-Site Staff Only
ATM ONLY
WEB SITE:
www.bhsffcu.org
BHSF ATRIUM BUILDING
Access Limited to On-Site Staff Only
Fri.
9:00 am - 10:30 pm
TOWN & COUNTRY CORP. CENTER
Access Limited to On-Site Staff Only
Fri.
12:00 pm - 3:00 pm
CREDIT UNION INQUIRY SYSTEM
(305) 669-3296
Federally insured by NCUA