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October 2014
Your Preferred Financial Institution
Chartered 1936
Celebrate International
Credit Union Day:
Local Beginnings Bring Global Change
The theme “LOCAL SERVICE, GLOBAL GOOD” for ICU Day 2014
capitalizes on the “people helping people” philosophy.
In the 1850s, hard times hit Germany and people lent to one another
without thought of profit. The idea that ordinary people can cooperate
to improve their economic lives survived and gave birth to credit
unions (CUs). They did not let anything stop them, not even strong
forces working against them, as the banking industry.
Doing good is something CUs take seriously, locally and globally.
This cooperative spirit had led to life-changing opportunities in the
form of small business start-ups, home ownership and education.
CUs are formed to help underserved communities. The CUAid.coop
raised funds for CU members, employees and volunteers affected by
natural calamities, e.g. Haiyan typhoon; CUs brought disaster relief
and recovery in Haiti.
It’s ON US NOW!
It takes people like you—people with lives—to keep CUs alive. Your
membership helps keep your Credit Union. Each time you use a
financial service, you feel good knowing not only are you getting
good quality, low-cost financial services to help make the most of
your hard earned $$$, but that your participation empowers other
members. Significantly, any excess profits are returned to members
in the form of better loan rates and services—unlike banks that
emphasize returning profits to stockholders!
There’s MORE WE CAN DO. Recruit new members among your
family, friends and co-workers. Consider volunteering—run for office
and attend meetings and events (free financial seminars, included)—to
share your ideas and enthusiasm, and learn, too. Wherever you go,
talk about the cooperative structure and benefits of membership.
From the earliest beginnings, CUs have grown to over 30,000 serving
200 million members worldwide. Together let’s celebrate ICU Day
on October 16 by appreciating the pioneers and reflecting upon CU
history and achievements.
Is Your Home Winter Ready?
A Home Equity Loan Can Help!
To have security at home and comfort -- cool for summer and keep heat in for
winter -- households need these home improvements: furnace, heat system,
chimney service, home alarm and security, weather strip windows, attic,
doors, insulation of outdoor pipes, and energy-efficient windows.
Check into our Home Equity Loan features:
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HUD FCU OPEN HOUSE
Be sure to stop by HUD Auditorium Suite C on ICU Day,
Thursday, 16OCT2014, 1:00 pm – 3:00 pm. to enjoy some
refreshments, socialize with other members, get answers
to your questions on money management, car buying,
home financing. October 14, 2014 is the last day to sign up
to reserve a tote of “ICU Day Souvenir Gifts.” See a MSR,
HUD FCU front desk,e-mail to [email protected] or
call 202-863-2800, option 3.
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Maximum loan amount of $50,000
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Maximum term of 15 years
No points, application fees, origination, or credit
report fees
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The same payment amount each month
Interest paid may be tax-deductible. Please consult your tax advisor.
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Note that a home equity loan can be used for any
other productive and useful project.
Apply now! Call 202-863-2800, option 4 or meet with a Loan Officer.
*APR= Annual Percentage Rate. Rate is subject to change any time and is based on creditworthiness of
member-applicant. Valid for properties in Virginia, Maryland and Washington, DC.
Need A New Or Used Car?
Check The Numbers And
Get A Better Deal At HUD FCU
Look around at the rates and features of banks in your neighborhood. It's unlikely
to find rates as affordable as HUD FCU’s rates or the benefits that come with
the Credit Union’s New and Used Auto Loans.
Some highlights of our New and Used Auto Loans are:
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International Credit Union Day
Special Event
Prime Rate, currently 3.25% APR*
Borrow up to 80% of the property appraised value less the amount remaining on a first trust
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Rates still as low as 1.99% APR* for up to 36 months
Term for 72 months on $20,000 new
or used car loan
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Financing up to 100% of the purchase
price on new cars including taxes, title,
tags, and extended warranty
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Financing up to 100% of the NADA book
value and terms up to 60 months on used cars
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Loan protection plans include Guaranteed
Asset Protection (GAP)
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Do you have a new or used auto loan with another lender? Refinance that loan
with HUD FCU to save some money with reduced monthly payments.
Apply online at www.hudfcu.org or meet with a Loan Officer today.
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Things to Do
Free Seminar
Victim of Identity Theft?
Wills & Living Trusts
Be alert for “PHISHING!” This is when copycat web sites use a name or
web address that is deceptively close to that off a genuine business. The
aim is to lure you into entering personal info such as account number,
passwords, credit card info.
Phishing or “spoofing” attempts by phone may also involve dissemination
of fake emails, text, instant message, and social networking interaction
to solicit personal info.
Two good tips:
1. If contacted by someone asking for personal or account info, think
about why they would need it. If it’s an organization you’re already doing
business with, they already have such info. Simply put: Never respond
to unsolicited requests for personal info.
2. Don’t click on links or attachments in unsolicited e-mails. Again, the
links could take you to a fake web site to have you input personal info.
They may also activate a malware download to your computer.
If hit by ID Theft, here’s what to do immediately to prevent
further damage to your finances:
l Get on the phone. Call the bank, lender, card company, utility or
merchant with whom you have the affected account. This stops thieves
from racking up more charges in your name.
l In a notebook, log down everything — calls, contacts, transcripts.
File copies of documents. Use certified mails for letters.
l Find allies and resources. Call your insurance agent, bank or
credit union, and the HR department at work to ask what access you may
have to free or low-cost damage-control programs for ID theft victims.
l Reset your passwords. Make them strong---use upper and
lower case letters, numbers and symbols.
l Monitor your credit. Order your free credit report from Experian,
TransUnion and Equifax. As a fraud victim, you are entitled to these reports
in addition to your free annual credit reports. Check for errors and follow
instructions for disputing an error. Credit.com’s Credit Report Card is a
free service that provides two (2) free credit scores and a free monthly
credit check. Falling credit scores can alert you to fraudulent activity.
l Make a police report. Even if they can’t catch thieves immediately,
reporting the crime makes a case against thieves down the line. A report
may be needed to prove that charges in your name are not yours.
l Dial 877-438-4338. The Federal Trade Commission (FTC) makes ID
Theft a priority. While it does not investigate individual cases, it collects
info on crimes and helps police in their investigations.
l Be patient. It’s tough to hear when you’re the stressed-out victim, but
resolving the problem could take some time and work at your end. Take
a deep breath once in a while and keep forging ahead!
HUD B178, Wednesday, October 22, 2014
12:00 noon to 1:30 p.m.
Reserve a seat: See a MSR at the front desk,
e-mail to [email protected] or call 202-863-2800 x 649
on or before October 20, 2014.
Reach For Your HUD FCU
VISA Credit Card
There are lots of chances for you to use your HUD FCU VISA Credit
Card this fall and early winter. Thanksgiving dinner, upgraded furniture,
holiday gifts, greeting cards, new PC, small appliances are just a few
examples.
Your HUD FCU VISA is perfect for all of your holiday shopping, online
or in stores
HLow, fixed 9.90% APR*.
First timers enjoy a low 5.9% APR in the first year.
H25-day grace period
for purchases
HWorldwide acceptance
HMaximum limit of $10,000
HNo balance transfer fee
We also offer a Share-Secured VISA Credit Card that lets you build or
rebuild your credit history by pledging funds in a dividend-earning share
account to establish a credit limit. The minimum credit limit is $500.
To apply for a credit card or a credit limit increase, log onto
www.hudfcu.org or visit with a Loan Officer.
*APR= Annual Percentage Rate. Rate is subject to change any time and is based on
creditworthiness of member-applicant.
Prime Time Club
Special Benefits for Members Age 50 & Over
The Prime Time Club was created for our senior members who
are enjoying their golden years.
If You Love The Credit Union,
Get The Word Out!
To add joy and convenience, the club offers these benefits:
c One free box (150 checks), or an equivalent credit for check style upgrade annually
Go and tell your family and co-workers all
about the Credit Union! Let your parents,
spouse, children, siblings, grandparents,
grandchildren, and co-workers (employees
of Dept. of Housing and Urban Development
or its field offices, Hyatt Hotels in the Metro
DC Area, or HUD contractors) know all about
HUD FCU’s competitive rates on savings,
investments such as Share and IRA CDs,
Money Market Share Account, low loan rates, lower and fewer fees,
convenient and online services.
Stop by or give us a call to get membership applications for your family
members and co-workers.
c 1% discount on a signature loan
c Purchase of six (6) money orders per year, without MO fee
c Three no-fee ATM (non HUD FCU-proprietary) transactions per month
It’s easy to become a part of the Prime Time Club. Conditions for
membership: be a member of HUD FCU, 50 years old or over,
maintain a sharedraft/checking account, and use Direct Deposit.
Join today! E-mail us at [email protected], see a MSR or call
202-863-2800, option 3.
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Letter From The President
HealthCorner
Dear Member,
Healthy Habits That Save You Money
Over the past several years, the financial services industry has
experienced an accelerated rate of change in the regulatory
landscape, consumer preferences, and technological advances
with no indications that this will slow down in the near future. As our
partner, CUNA Mutual Group, evaluated their product offerings in
light of these changes, they made the difficult decision to exit the
Life Savings (LS) product on December 31, 2014. Please read
further for additional information.
Virtues extolled by health-and-fitness enthusiasts come with a
bonus: KEEPING MONEY in YOUR POCKET!
LIFE SAVINGS: This insurance has been provided at no additional cost to you for eligible share deposits up to a maximum of
$4,000. Coverage on existing insurable deposits will end on
December 31, 2014, the last day of the conversion period. Please
destroy any CUNA Mutual Life Savings Certificate of Insurance you
may have in your possession at that time.
We know many of you value the peace of mind and security that
life insurance provides. That is why we want you to know you can
convert your Life Savings coverage to a Primary Protection Plan,
underwritten by CMFG Life Insurance Company. This new plan is
a member-pay, whole life plan up to $4,000. If you apply within the
stated time period, there are no age restrictions, waiting periods,
exclusions, or health questions. If you convert, your new policy will
be effective December 31, 2014, and premiums will be based on
whole life insurance rates for your age on that date.
Conversion is simple. Just request, complete, and return an
application with your first premium directly to CMFG Life Insurance
Company by December 31, 2014, in order to receive coverage. To
request the application, call 1-877-636-2377 to speak with a fully
licensed representative.
Sincerely,
Lee Hancock, President & CEO
HUD Federal Credit Union
NOTE: The insurance sold through CMFG Life Insurance Company is not a
deposit and is not federally insured or guaranteed by your Credit Union.
Log On Today!
Let us subscribe to these money-saving healthy habits:
Drink alcohol in moderation - This means (1) serving/day for
women and (2) servings for men. A serving is 5 oz. wine, 12 oz.
beer. Higher-than-moderate drinking essentially pickles the liver
and contributes to high blood pressure and high triglycerides.
True, “beer belly is a beer belly.” Calories from alcohol tend to be
stored more quickly as fat.
Eat your veggies… grains, legumes (fruits, too) - Meat is the
biggest contributor to saturated fat intake which increases the
risk of heart disease, the #1 cause of death in the U.S. There
were 597,689 deaths in 2011, per Centers for Disease Control
and Prevention. Healthful
change is as easy as bulking
up on beans, legumes, grains,
some eggs, while making
meat a condiment rather than
the focus of the meal. It’s like
tomato sauce with ground
turkey over pasta, instead
of a chunk of meat. The
changes will be evident:
lower grocery bill.
Say “NO” to tobacco - The
Surgeon General’s report in
2010 showed cigarette-related
deaths in the U.S. at 443,000
annually. At $6.03 average
price/pack, one who smokes
one pack a week spends $313.56/year.
Ride a bike or walk to work - Health experts say: The
physical benefits of being active regularly include: improved
mood, better-quality sleep, improved mental
sharpness, decreased body fat, increased
lean muscle mass, and improved bone mineral
density. Saving achieved: a 10-mile trip to and from work
paying $110/month parking will save $10.35/day by biking, or
$227.70 a month.
Bring in your lunch - Brown-bagging is a timesaver at work
and also a money-saver! Preparing lunch at home allows us
to cut down on unhealthy additives and preservatives that can
come with take-out foods.
Online Account Access
On any computer with Internet access, you
can apply for loans, find out if a check has
cleared, make loan payments, transfer
money between accounts, view your
account balances, and more.
Online Bill Payment
There’s no reason to buy stamps or
envelopes anymore. Instead, you can pay your bills in your home or office.
Set up onetime or recurring payments and payees.
These are two free, easy and convenient services that keep your Credit
Union accounts close no matter where you go or your travels take you.
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Thirsty? Drink water - A typical 12 oz. soda contains 150
calories. You have to walk about 1.5 miles to burn those
calories. Two sodas/day? That’s a 3-mile hike just to stay even.
Per an article from Harvard School of Public Health: Sweetened
drinks could drive us to crave other sweet or high carb food.
Other studies link artificially-sweetened drinks to weight gain.
The average price of a 2-liter bottle of Coke is $1.57. If the
average person drinks 44 gallons (or 167 liters) annually, as the
Associated Press reported, that’s $131.00/year. Sidestep all of
that with GOOD, OLD-FASHIONED WATER from the TAP!
Ref: Your money and your health, Kiplinger
"Your Credit Union Multiplied!"
The Member-Friendly Financial Network
Current Loan
And Dividend Rates
Contact us for current rates before you borrow.
Loan rates are subject to change any time.
Loan and dividend rates are expressed in annual
percentage rate (APR) and annual percentage
yield (APY).
l New Cars
as low as 1.99%
l Used Cars
as low as 1.99%
l VISA® Credit Card
9.90%
l Mortgage Loan
1st and 2nd Mortgages at competitive rates.
Various options: conventional, VA, FHA,
adjustable rate and balloon mortgages.
Call CUMA, our mortgage partner at
703-425-1204 or 800-231-8855 or visit
www.hudfcu.org and click on CU Mortgages.
Special 2nd Mortgage Loan up to $50,000
5 years
3.99%
10 years
4.99%
15 years
5.99%
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Reverse Mortgage, loan option for
members-homeowners age 62 and older.
Call 703-425-1204 ext. 128 for more info.
Capitol Heights, MD Hampton Mall 9001 Central Avenue 301-499-6880 Marlow Heights, MD
Marlow Heights Shopping Center
4003 Branch Avenue
301-423-1391
Credit Union Service Centers Hours:
Weekdays: 9:00 am to 7:00 pm
Saturdays: 9:00 am to 2:00 pm
Available Services Include:
24-hour ATM for deposits and withdrawals
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Savings and share draft/checking account withdrawals up to $750 cash
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Deposits to savings and share draft accounts
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Transfer funds from one account to another
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Cash checks up to $750 (subject to holds and restrictions)
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Account balance inquiries
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Cash advance on VISA and Master Card
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Purchase official checks, money orders, traveler’s checks
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Photocopy, fax, notary services
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Check Your Dividend Rates
Your Credit Union works to keep dividend rates
up. The Board of Directors has declared dividend
rates for the quarter ending September 30, 2014:
Rate
Yield
l Regular Shares
.05
.05
l Premium Share Draft
.05
.05
l Regular IRA
.10
.10
l Money Market Share Account
$2,500 to $24,999
.15
.15
$25,000 to $49,999
.20
.20
$50,000 to $99,999
.25
.25
$100,000 and over
.30
.30
Find a Service Center or CU Outlet wherever you live, work or travel!
Log on to www.CUServiceCenters.com
or call 800-919-2872.
Beware Of Yo-Yo Financing
Have you ever heard of yo-yo financing? Many
car dealerships have forms where you agree to it
without even knowing what it is.
If you drive off the lot before your financing is complete
and the financing fails, the dealership can ask you to
pay more for the vehicle in costs and fees or return it.
Save yourself from this awkward and unnerving
situation. If you’re asked to sign the form, don’t. Just
keep the car on the lot until your financing is finalized.
For electronic transfers, use our
Routing/Transit Number 2540-7473-0.
Your Dollars$Worth published quarterly by HUD FCU
P.O. Box 23273 Washington, DC 20026-3273
Evelyn Tafalla, CMS, CCUE
Marketing Director & Adm. Asst.
Notary Public
Happy Holidays
The Board of Directors, other Volunteers and Staff of HUD FCU wish you
and your loved ones a Happy Thanksgiving and Wonderful Holiday Season!
Happy New Year and we hope for peace, good health
and prosperity for you and your family!
2014 Membership Marketing Support Services
©
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