Austin Telco 75th Anniversary

2016 Annual Business Meeting

On June 18th, 2016 Austin Telco Federal Credit Union will celebrate its 75th anniversary. In 1941, Telco was started to serve the employees of Southwestern Bell in the Austin area. On August 31, 1941, two months after starting the credit union, Austin Telco reported to have 49 members with a share balance of $338.45, loan balance of $170.00, and cash in the bank amount of $132.50. Austin Telco continued to grow and in August of 1982 purchased the first corporate office building, the HWY 290 location. Telco out grew the 290 location as a corporate office and in April of 1994, moved its headquarters to the Shoal Creek branch. In 2014, Austin Telco purchased Balcones Centre, located at 11149 Research Blvd., which will be the new office headquarters in the coming years. On January 23rd, 2004, the National Credit Union Administration approved Austin Telco as a community chartered credit union. This allowed Austin Telco to open its membership to anyone who lives, works, worships, attends school or volunteers in the 5 county Austin Metro area. Austin Telco was aggressive in opening new branches and ATM locations, which has made membership more accessible. Austin Telco has come a long way since 1941. Currently, Austin Telco is the 2nd largest Austin based credit union, with over $1.35 billion in assets and our membership base currently more than 79,000 strong. We have 24 locations to serve our members throughout the Austin Metro area. Austin Telco has maintained its commitment to stability and growth. We would like to thank our members for putting their trust in Austin Telco. Our growth can be attributed in so many ways to the faithful support of our loyal members.

Mark Your CalendarsATFCU Branches will be closed in observance of:

Memorial Day Monday, May 30th

Independence Day Monday, July 4th

The 75th Annual Business Meeting of Austin Telco Federal Credit Union was held on March 10, 2016, at DoubleTree Hotel North Arboretum in Austin, Texas. Chairman, Paul Paulsen, called the meeting to order at 5:30 P.M. A quorum was determined to be present. After a member motion and a second, it was voted unanimously to dispense with the reading of the 2015 minutes. In the same motion the minutes were also approved. Reports were made by the Chairman of the Board, the Treasurer and the Supervisory Committee Chairman. No old or new business was presented at the meeting. The election of directors was conducted by acclamation and Paul Paulsen, Steve Read, and David Westlund were elected to three-year terms. The meeting was adjourned at 5:45 P.M.

April - June 2016eNewsletter

• Austin Telco 75th Anniversary• 2016 Annual Business Meeting• Loan Preparation • Money Manager• Visa Rio Olympics• Home Equity Loans

In This Issue:

1982 HWY 290 Grand Opening

Austin Telco purchased Baclones Centre, located at 11149 Research Blvd, which will be the new office

headquarters in the coming years

Corporate office Shoal Creek branch opened 1994

Money Manager Coming This SpringComing this Spring, Austin Telco will be releasing our online money management tool Money Manager. With Money Manager you will be able to track your expenses, budget, and keep all your accounts together for easy handling. It is all integrated into Online Banking so you won’t have to use another login or open another window.

We will be releasing more information on Money Manager as the live date approaches.

Be prepared. Whether you are a first-time home buyer who has been waiting for the perfect chance to make your move or someone who is getting ready to move to a larger or smaller home based on changing needs, it’s a good idea to be prepared for the loan process beforehand. Here are some guidelines as to what information you will need for your application.

Residence HistoryYour previous addresses for the past two years and how long you lived in each place. If you currently rent, your landlord’s name and address (for the past 12 months).

Employment History and Income HistoryThe names and addresses for all your employers for the past two years, the dates you worked at each place of employment and a letter explaining any gaps in your employment in the past two years. You will also need original paystubs for the last 30 days, most recent two years of W-2’s and most recent

two years of 1040’s. If self-employed, year-to-date profit and loss statement and current balance sheet. If you were a student in the past two years, bring a transcript or diploma. If retired or disabled, bring award letter and copy of your most recent check for retirement Social Security or disability income.

Outstanding Loans and Credit CardsAll coupon books or most recent statement for every account you have open.

Savings, Checking, or Investment AccountsThe name and address for each financial institution and the account number, the current balance or value, 3 months bank statements on all accounts and 3 months statements for any IRAs, Keoghs, 401Ks or profit sharing you have.

All Personal Property OwnedThe net cash value of your life insurance, the make, year and value of automobiles and value of your furniture or other personal property.

All Real Estate Currently OwnedThe property address, estimated market value, and outstanding loan balance and your monthly payment. If applicable, amount of any rental income.

Mortgage Loan Preparation Guide

For more information contact:Mark Crowley512-302-5555 Ext. 7388NMLS # 458989

This is not an offer to extend consumer credit as defined by Section 1026.2 of Regulation Z. Home loans are provided by service providers with CU Members Mortgage a division of Colonial Savings, F.A. NMLS#401285.

Statistically Speaking As of February 29th, 2015

Number of Members77,948

Loans$585,325,643

Number of Checking Accounts46,273

Deposits$1,190,059,844

Capital$158,236,277

Assets$1,348,616,939

Visa® Rio 2016 Olympic Games SweepstakesBe there when the Olympic Games begin - thanks to Visa. Use your Austin Telco Visa card from 3/1/16 - 4/30/16 and you could win a trip to the Rio 2016 Olympic Games. Picture yourself cheering on your country and all the athletes at the Opening Ceremony and the Olympic Games. Whether you swipe, tap, or order online you’ll always be entered in for a chance to win. Visit https://usa.visa.com/sponsorships-promotions/riosweeps.html for the official rules.

Put your home equity to work for you with an Austin Telco Home Equity loan. What can a home equity loan be used for and why get one now?

1. Incredibly Low RatesOur rates are among some of the lowest you’ll find anywhere. So take advantage of our low rates and put the equity in your home to work for you.

2. Amazing FlexibilityJust imagine some of the amazing things that you can do with your home’s equity.

3. Tax DeductibleThe interest you pay on a Home Equity Loan might be tax deductible*, which further reduces the cost of borrowing.

4. Debt ConsolidationIf you’re looking for a way to reduce your debt or pay off your existing credit card balances, a home equity loan could be a great option. A home equity loan could reduce the interest you pay and your monthly payments.

5. No Closing CostsNot only will you save money with our low rates, but Austin Telco will also pay your normal closing costs.**

With our low rates and the financial freedom of a home equity loan there’s never been a better time to apply for one today.

*Consult your tax advisor regarding the deductibility of interest on a Home Equity Loan. **These costs include: title search, flood determi-nation, credit report, and county filing fees. If necessary, additional fees for member requested appraisal, survey, and title company closing costs will be the responsibility of the borrower. Estimated costs will be disclosed upon receipt of application. Loans of $100,000 and above will require an appraisal, title policy, and title company closing costs at the member’s expense. Rates and terms on loans over $200,00 may vary.

• Remodel the kitchen• Pay college tuition

• Finance a wedding• Take a summer vacation

Home Equity Loans

eNewsletter EditorKatrina Levenick, AVP of Marketing

Federally Insured by NCUA

ManagementJames D. Poplin, President/CEOTony Rawls, SVP, Lending/CLOKaren Smith, SVP, HR & Branch OperationsRobert Hernandez, SVP, Finance/CFORaye Anne Cawthon, VP, AccountingJim Howey, VP, LendingPamela W. Cotton, VP, Member ServicesChristopher Mraz, VP, Information Technology/CIO Kathleen Miller, AVP, Administrative ServicesSandie Peña, AVP, Branch OperationsGeorgia Hayes, AVP, Information TechnologyJeannie Rowell, AVP, Lending

Board of DirectorsPaul Paulsen, ChairmanCharlene Spillmann, Vice ChairmanLarry Lantrip, TreasurerSteve Read, SecretaryFran Berns Security/Safety OfficerDavid Westlund, Membership Officer Joe Bain, Member

Supervisory CommitteePaul Tidrick, ChairmanLea Luchsinger, SecretaryIrene Guerra, Board Liaison

Regular HoursMonday, Tuesday, Wednesday & FridayAll Lobbies 9:00 AM - 4:00 PM All Drive-Thru's 7:30 AM - 6:00 PM

ThursdayAll Lobbies 9:00 AM - 6:00 PMAll Drive-Thru’s 7:30 AM - 6:00 PM

Saturday Select Lobbies* 9:00 AM – 1:00 PMAll Drive-Thru’s 9:00 AM – 1:00 PM

*La Frontera, Taos, Leander, Bastrop, Pecan Park, Brodie Lane, Georgetown, Lakeway, Cedar Park, Buda, San Marcos, Stone Hill, Tech Ridge, Taylor, Lockhart, University Oaks and Balcones Centre

Contact Information

Mailing AddressAustin Telco Federal Credit Union8929 Shoal Creek BlvdAustin, TX 78757

Phone NumbersAustin Metro Area: (512) 302-5555Toll Free: (800) 252-1310

Email ContactsGeneral Mailbox: atfcu@atfcu.orgQuestions, Comments, Concerns: memberfeedback@atfcu.orgOnline Banking Help: techsupport@atfcu.orgBill Pay Help: billpayservices@atfcu.org

Department ExtensionsBookkeeping: 7190Loan Department/Member Services: 7194Administrative Office: 7000