A Publication of Beach Municipal Federal Credit Union

SpotlightSpotlight51035-Q1nl-0311Spring 2011

Not yet a member of our Long John Savers Kids Club? If you’re 12 years old or younger, you too are invited to join Long John Saver and his crew. Long John Saver

and his crew can help teach our youngest members how to make their treasure grow. To learn more, go online to beachmunicipal.org or contact the credit union!

Don’T TraSh Your IDenTITY ShreD IT!Did you know that every 79 seconds a thief steals someone’s identity? Don’t let it be yours.

Join us from 11am to 1pm oN SaturDay, apriL 30th at our Thalia Branch for Shred Day. an industrial shredding truck will be on-site and you’re invited to bring any personal documents where they’ll be DeSTroYeD on the spot.

Examples of items besides paper and cardboard that can be shredded include:

Credit Cards | CD-ROMs /CD-Rs /DVDs | X-RaysVideotapes | Cassette Tapes

You do noT need to remove paper clips, staples or binder clips.To ensure everyone has time to shred, there’s a limit of four boxes per person and we ask that you arrive no later than 12:45pm.

See you then!

A Publication of Beach Municipal Federal Credit Union

Hey Parents! Here’s A Fun, Interactive Money Camp Especially For Kids! Camp Millionaire uses an innovative day camp format to provide rising 7th and 8th graders with the financial decision-making tools they need to create financial independence. Through fun-filled games, activities, group exercises and a field trip to a credit union, kids learn how to be responsible for their own financial futures.

When: June 20th thru 24th

TIMe: 9:00 am - 4:00 pm

Where: Virginia Beach Cooperative Extension Office 2449 Princess anne rd. Building 14, Municipal Center Virginia Beach, Va 23456

CoST: $50 non-refundable

For more information, visit beachmunicipal.org/campmillionaire.

Managing your money: Tips for teaching kidsaccording to the most recent survey sponsored by the Jump$tart Coalition for Personal Financial Literacy, today’s high

school seniors still lack basic money management skills.

The Coalition’s nationwide survey measures 12th graders’ knowledge of personal finance. The written exam tests for knowledge of such topics as paying taxes, using a credit card, and saving for retirement. In the latest survey available, 65% of the surveyed students failed the exam, with only 6% scoring a C or better.

That’s why no matter how old your children are now, it’s essential to help them learn how to manage money wisely. here are some suggestions based on your child’s age:

ages 5 to 10• Begin giving your children a weekly allowance to offer hands-on money management experience. an allowance makes it

easier to learn how to save because children know they’ll get a set amount of money on a regular basis.

• Let your children save for and buy something they really want. Savings habits are only reinforced with rewards, so saving must be tied to spending.

• Set up three coin banks labeled “Save, Spend, and Share.” have children contribute a portion of their allowance and cash gifts to each to teach them how to save regularly, spend wisely, and give to others. When the save coin bank builds up take children to open their first credit union savings account.

• Provide opportunities to earn extra money by doing additional household jobs – those above their regular responsibilities.

ages 11 to 14• Include children on shopping trips to help teach them what things cost and smart-shopping techniques. Let them help

compare product qualities, prices, return policies and warranties.

• encourage odd jobs such as babysitting, yard work or pet care. and encourage children to use their own money to buy beyond-the-basics clothing and accessories.

ages 15 to 18• Begin to discuss saving plans for upcoming goals, such as college and cars.

• Consider giving teens a seasonal clothing allowance, beyond their regular allowance. after setting guidelines and limits let them make their own choices.

• Consider helping financially responsible teens get their own checking account. Also consider letting financially responsible older teens use your credit or debit card or get their own with your co-signature.

Article is for educational purposes only and is not intended to provide specific tax or legal advice. For answers to tax questions, please see your tax professional. For legal questions, consult an attorney.

Representatives are registered, securities are sold, and investment advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor, 2000 Heritage Way, Waverly, Iowa 50677, toll-free (800) 369-2862. Nondeposit investment and insurance products are not federally insured, involve investment risk, may lose value and are not obligations of or guaranteed by the financial institution. CBSI is under contract with the financial institution, through the financial services program, to make securities available to members. CUNA Brokerage Services, Inc., is a registered broker/dealer in all fifty states of the United States of America. The Representative may also be a credit union employee that accepts deposits on behalf of the financial institution.

Don’t Miss Water Country’s NEw VaNiSh poiNtGrab your suit and jump in to the coolest kind of summertime fun. It’s Water Country uSa, Virginia’s largest water park, just minutes from Busch Gardens. Water Country USA is a flashback to the surfin’ safari days of the ‘50s and ‘60s with splish-splashin’ slides, a way-out wave pool, and hours of fun in the summer sun. More than 30 water rides and attractions, all sorts of live entertainment and hoppin’ restaurants, make a trip to Water Country uSa a day that’s ready to rock your socks off.

Guests are in for the slide of their lives at Water Country uSa’s epic new drop slide, Vanish Point. Inspired by the point on a wave where water and gravity form a perfect partnership, this summit supplies two wicked-wet ways to drop out of sight. The crest of this 75-foot tower challenges guests with two wave paths. They can step into a skybox and take a plunge when the floor drops out beneath their feet, or they can get horizontal on a 300-foot speed slide that drops them straight down as soon as they enter. either way, it’s pure liquid adrenaline.

Purchase your discounted Water Country uSa tickets for only $37.99 (adults) and $30.99 (child) at our Thalia and Marketplace branches. Park opens May 21st.

Beach Municipal Federal Credit union will be closed in observance

of the following holidays:

mEmoriaL Day Monday, May 30, 2011

iNDEpENDENCE DayMonday, July 4, 2011

Holiday Closings

Jack E. O’Connor Memorial Scholarship are you a credit union member and graduating senior who plans to attend a college

or university this fall? If so, you could win a $500 scholarship! The Tidewater Chapter

of the Virginia Credit union League is currently accepting applications for the

2011 Jack e. o’Connor Memorial Scholarship. Deadline for submissions is May 2nd.

applications are available at all branches and online at beachmunicipal.org.

Busch Gardens Fun Cardpay for a Day aND pLay aLL SpriNg aND SummErThe best value in fun gets you unlimited park admission through September 5th. That’s an entire spring and summer of coasters, concerts and kid-friendly attractions.

Don’t miss Busch Gardens’ newest attraction, mäch tower. as you enter oktoberfest this spring, you’ll see the massive spire known as Mäch Tower. This psychological thrill ride will take you on the ride of your life. The tallest ride in the park, Mäch Tower lifts up to 30 riders nearly 240 feet above oktoberfest. after rotating at the top of the tower and getting a few seconds to take in the view, you’ll drop at breathtaking speed. State-of-the-art special effects including enhanced audio and other surprises will elevate Mäch Tower to new heights in ride design and engineering.

Purchase your discounted fun Cards for only $58.99 at our Thalia and Marketplace branches. available to everyone ages 3 and up regardless of state residency!

* Fun Card is only valid for the person listed on the ticket. Fun Card is valid for unlimited admission to the park March 26-September 5, 2011. Price valid for ages 3 and up.

L o C a T I o n Sthalia Branch

4164 Virginia Beach Blvd.Virginia Beach, Va 23452

LoBBy hourS Mon. - Thurs. 9am - 5pm

Fri. & City Paydays 9am - 5:30pm Sat. 9am - 1pm

DriVE-thru hourS Mon. - Fri. 8:30am - 5:30pm

Courthouse marketplace Branch2476 nimmo Parkway, Suite 122

Virginia Beach, Va 23456

LoBBy hourS Mon. - Fri. 9am - 5:30pm

Sat. 9am - 1pm

mortgage Lending ServicesDriVE-thru & atm

2501 Courthouse DriveVirginia Beach, Va 23456

mortgagE DEpartmENt hourSMon. - Fri. 9am - 5pm

DriVE-thru hourS Mon. - Fri. 8:30am - 5:30pm

wEB beachmunicipal.org

importaNt phoNE NumBErSmain: 757.333.7787

main fax: 757.333.7868

p.a.t. (phone audio teller)1.800.391.9007

BoarD of DirECtorSNianza Wallace

ChairmanBill Meador

Vice ChairmanLois ritgerSecretary

robert W. hallTreasurer

Joelle TalbotBoard Member

Kathryn (Kitty) hill Board MemberCharity StoneBoard Member

SupErViSory CommittEEsupervisorycomm@beachmunicipal.org

P.o. Box 9213 Virginia Beach, Va 23450

Chairman, Bob hayes Member, Sharon Prescott

Member, Becky Taylor-Schmidt Member, Talmadge Piland

ChiEf EXECutiVE offiCEr Geri Metzger

Is Zero Percent Financing Really Your Best Deal?Undoubtedly you’ve heard about the “zero percent financing” offers that many auto manufacturers have been promoting lately. Although they seem to be incredible deals and are certainly enticing, you should read the fine print and know the facts before you head to your local dealer.

Beware of Those Teaser RatesTeaser rates have always been offered to drive more business to the dealerships but, all too often, these offers are not beneficial to the buyer. Knowing what to look for, and what questions to ask the dealer, will help you decide if zero percent is the best deal for you. here are a few of the facts and restrictions that may apply:

• almost perfect credit may be needed to qualify for these offers• You may be required to give up a manufacturer’s rebate• It could mean shorter terms and larger monthly payments• It is usually offered on a limited number of models • You may be limited to dealer stock and not be able to choose the exact vehicle you are interested in

Research Your OptionsWith Beach Municipal FCU’s low auto loan rates, you are qualified to use any rebates offered by the manufacturers— which means, this could be your best deal! With the rebate, you are reducing the amount that you are financing even further. Therefore, in combination with the Credit union’s low rate, your overall costs are lower than if you opted for the special factory financing.

A Great Deal on Your Next CarYour right brain dreams of the hottest car. Your left brain demands the best loan. CuDL autoSMarT brings it all together in one. and as a member of Beach Municipal FCu, you have Free, unlimited access to this complete car buyer’s website.

CuDL autoSmart is something both sides of your brain will love:

• exceptional pricing on new and used auto inventories from dealers in your area• Valuable vehicle research and comparisons• easy-to-use loan calculators• And, of course, loans that fit your monthly budget through Beach Municipal FCU

Make a smart start, and both of your brains happy, at beachmunicipal.org.