The Signal
February 2015
Purchase Rewards at Kirtland FCU
Available soon, Purchase Rewards offers
you discounts at over 2,000 participating
businesses, both local and nationwide. These
FREE offers automatically appear on your
KFCU Online Banking home page. You “earn”
these offers by using your Kirtland FCU debit
card—the more you use your debit card,
the more discount offers you’ll receive. The
discounts will be from businesses you already
shop with or their competitors. These offers
will specify if you must make the purchase at
the store or online.
You can view the offers within your Online
Banking Transaction History page. Click on
the Purchase Rewards “widget” to view the
Rewards Summary screen. This screen has
three tabs:
1. Recent Offers:
Click to see the details and opt in
2. Expired Offers:
See what you’ve missed
3. Rewards Earned:
View a list of past or pending deposits
you’ve earned over the past 2 months.
To participate, click on the offer to learn the
details, opt in, and then use the discount by
the expiration date. Your actual purchase
Wed. February 21, 10—11:30am
KFCU’s Gibson Branch
Presenter:
Michael L. Barela, VP, Remote Services
transaction will go as normal and you don’t
need to mention the discount to the cashier or
sales person. Earned rewards may display 2-3
days after your purchase, but can take much
longer. If a transaction doesn’t post until after
the expiration date, it will still process because
redemptions are based on transaction dates,
not posting dates. If done correctly, a deposit
will be posted to your account at the end of
the following month. For example, a credit
earned in February, will post by end of March.
Immediate posting is not possible because we
DO NOT share your private information with
the vendors.
To stop receiving offers, click the “Stop
receiving offers” link on the History Page
Purchase Rewards widget. If you change your
mind, you can opt back in from your Online
Banking home page and History Page widgets.
KFCU Visa Credit Card with EMV Chip
®
329
REACH US
• Member Services — (505) 254.4369 or 800.880.5328
• Teller Phone — (505) 254.4367 or 800.880.8277
• Direct Extension Dialing — (505) 254.7070
• Loans by Phone — (505) 254.4368 or 800.239.8709
FREE SEMINAR:
Kirtland FCU Online,
Mobile and Text Banking
Learn how to better utilize Kirtland FCU’s
Online Banking, Mobile and Text Banking,
so you can enjoy banking anywhere/
anytime without traveling to an ATM or
branch. This seminar will include Bill Pay,
Mobile Deposit, Finance Works™ and
much more.
Questions? Call 254-4340.
Please RSVP online at KirtlandFCU.org
Annual Membership
Meeting:
Tues. February 24, 4:30pm
KFCU’s Gibson Branch
Kirtland FCU began issuing “chip” cards to
new cardholders in December, 2014. Existing
cardholders will receive the new card upon
renewal, starting in February, 2015.
All members are invited to attend KFCU’s
Annual Membership Meeting. Attending
members have the option to have KFCU
donate $5 to a charity. Registration begins
at 4pm; the meeting starts at 4:30pm.
If you plan to travel overseas before your
card expires, please contact us at
505-254-4369 or 800-880-5328.
Questions? Contact Julie Ismari-Crawford
at 505-254-4315.
• 6440 Gibson Blvd. SE
• 8900 Montgomery Blvd. NE
• 10200 Corrales Rd. NW
• 3650 Sherman Ave. SE (KAFB)
KirtlandFCU.org
HOURS
City Branches:
• Mon. — Thurs. 9am–5pm, Fri. 9am–6pm, Sat. 9am–3pm
KAFB Base Branch, 3650 Sherman Ave. SE
• Mon. — Thurs. 9am–4:30pm, Fri. 8am–4:30pm, Sat. Closed
Club F.I.T. Stamp Card Drawing Winners!
Each quarter, completed Club F.I.T. stamp
cards are entered into a drawing for at least
one $50 Visa® Gift Card. This quarter, five
winners were selected. Congratulations go
to Gregory Barry, Adam Clark, Emmaline
Duvall, Larson Genne, and Zachary Kinler.
Zachary and Larson chose to place part of
their winnings into savings accounts, earning
them both a stamp in a new stamp card.
Emmaline opted to place all of her winnings
into her savings account, earning her a
stamp, too—very smart saver!
SAVE THE DATE
KFCU’s 6th Annual Youth Savings Carnival
In case you thought you missed this event, in
2015 it will be called the Youth Money Carnival
and Teen Money Extravaganza, and we’ll have it
on Saturday, July 25 from 11am until 3pm at the
NM National Guard Armory, 600 Wyoming NE.
Learn more about KFCU’s phenomenal Youth
Savings Program by visiting KirtlandFCU.org.
Don’t Overlook an IRA When Planning for Retirement
Appealing IRA Benefits
Whether you are an active account holder
or just considering opening an IRA, there are
many appealing benefits to this retirement
savings vehicle.
• Tax Deferral: Traditional IRAs allow your
investment earnings to grow tax-deferred
until withdrawn, typically at retirement. For
2014, the maximum contribution is $5,500,
but for those aged 50 and over, the limit is
$6,500. The limits are the same for a Roth
IRA, but to be eligible to fully contribute, an
investor must have a 2014 modified adjusted
gross income of less than $114,000 for
singles and $181,000 for married couples
filing jointly. Singles earning more than
$114,000 and couples earning more than
$181,000 are eligible for partial contributions.
More than 46 million American households
own an individual retirement account (IRA).1
While the IRA has evolved into a popular
retirement savings vehicle—with more than
$5.7 trillion in total assets—it is often an
overlooked component of most investors’
financial planning strategies. In fact, over the
past two years, only 15% of households that
were eligible to contribute to an IRA did so.1
Have you forgotten your IRA? Should an IRA
be part of your overall investment plan?
• Deductibility: If you are a single taxpayer
who doesn’t participate in an employersponsored plan and you earn less than
$60,000 in 2014, you can deduct your
contributions to a traditional IRA from
your income taxes. Couples earning under
$96,000 are also eligible for a full deduction.
Partial deduction limits also apply, up to
$70,000 for singles and $116,000 for couples.
Note that Roth IRA contributions are not
deductible.
• Investment Flexibility: IRAs typically
give investors access to a wider range
of investment options than workplacesponsored plans such as a 401(k).
KirtlandFCU.org
• Convertibility: Traditional IRA holders can
convert to a Roth IRA to enjoy some of the
additional benefits listed below. But before
you decide to make a switch, be sure to
investigate the tax consequences of such
a move.
Additional Roth IRA Benefits
• Qualified Tax-free Withdrawals: Since Roth
IRAs are funded with after-tax dollars, your
withdrawals are tax free, as long as you
have held the account for at least five years
and are over age 59½.
• No RMDs: Unlike traditional IRAs, Roth
IRAs are not subject to required minimum
distributions (RMDs) once the account
holder reaches age 70½.
You can find out more about the benefits of
IRAs—including which types of accounts and
investments may be right for you—by speaking
with our Wealth Management Advisors with
Kirtland Financial Services. Call 505-254-4363
today to schedule an appointment to discuss
your financial planning options.
Securities offered through LPL Financial, member FINRA/
SIPC. Insurance products offered through LPL Financial or
its licensed affiliates.
Not NCUA
Insured
No Credit Union
Guarantee
May Lose
Value
1
Source: Investment Company Institute, “The Role of
IRAs in U.S. Households’ Saving for Retirement, 2013,”
November 2013. 1-263918