Member

TeachersFCU.org

February 2019

92

44

8-0

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Holiday Closing

Certificate Account Specials: Go to TeachersFCU.org for Today’s New Rates!

Lower Your Monthly

Expenses! FIXED POSTED RATE ARM POSTED RATEPURCHASE/REFINANCE – PRIMARY RESIDENCE ONLY

*All loan level price adjustments will be added to promo rate. Maximum loan to value 75%

.25% OFF .125% OFFMortgage Special Ends 3/31/19

Combine your mortgage and home equity payments by financing with us!

HOME

All rates and terms are subject to change without notice. *APR: Annual Percentage Rate. Rates & terms accurate as of 1/18/19. Maximum loan amount is $453,100. Pay $4.99 per $1,000 borrowed for 30-year fixed rate mortgage at 4.44% APR. Taxes, insurance and other costs will result in a higher monthly payment. Primary residence only. This is not a commitment to lend. If your down payment is less than 20% of the home’s value, you will be subject to private mortgage insurance, or PMI. Applicants who are not approved at these rates or terms may be offered credit at a higher rate and/or different terms. Rate shown is for purchase or refinance, up to 80% financing. Other rates and terms available for loan to values above 80%. **APR: Annual Percentage Rate. Rates & terms accurate as of 1/18/19. Jumbo mortgages available from $453,001 up to $3,000,000. Pay $4.70 per $1,000 borrowed for 10/1 Adjustable rate jumbo mortgage at 4.55% APR. Rates fixed for 10 years. Subsequent adjustments made annually. 2% annual cap; 5% lifetime cap. Margin 3.00%. Index: 1 year Constant Maturity Treasury (CMT).Taxes, insurance and other costs will result in a higher monthly payment. Primary residence only. This is not a commitment to lend. If your down payment is less than 20% of the home’s value, you will be subject to private mortgage insurance, or PMI. Applicants who are not approved at these rates or terms may be offered credit at a higher rate and/or different terms. Rate shown is for purchase or refinance, up to 80% financing. Other rates and terms available for loan to values above 80%.

We Offer Fixed Rate Mortgages up to $453,100

and Jumbo Mortgages up to $3,000,000!

APR*

RATE

30-YearFixed Rate Mortgages

Rates as low as

4.375%

4.44 %APR*

RATE

10/1 Adjustable Rate Jumbo MortgagesRates as low as

3.875%

4.55 %APR**

RATE

TFCU Offers Jumbo Mortgages up to $3,000,000 with 80% financing & up to

$1,000,000 with 90% financing & PMI approval.No Points. Other Adjustable and Fixed Terms Available.No Points.

For more information on either of these products, please contact a representative in our Call Center

at 631-698-7000, extension 6790.*APR: Annual Percentage Rate. Rates and terms accurate as of 1/18/19. All rates and terms are subject to change without notice. Term: 180 Months. Daily Periodic Rate is 0.0075%. Rate applicable for terms up to 120 months. Higher terms are available. Ask for details. HELOC max $500,000 (up to 80% of home value, rate shown for 80% max. LTV). Lines up to $100,000 require $10,000 min. advance & must maintain a balance of $5,000 for 36 months to avoid repayment of closing costs. Lines $100,001 - $250,000: $60,000 advance & maintain a balance of $50,000 for 36 mos. to avoid repayment of closing costs. Lines $250,001 - $500,000: $150,000 advance & maintain a balance of $100,000 for 36 mos. to avoid repayment of closing costs. Variable rate equal to the Wall Street Journal Prime Rate (5.50% as of 1/22/2018) as published 30 days prior to interest rate adjustment date, applied at loan origination. After 12 month period, a 1% maximum rate adjustment is allowed per quarter. Rate will not exceed 18% over the life of the loan. Appraisal will be required. Primary residence – New York only. Ask for details. Membership conditions may apply. **APR: Annual Percentage Rate. All rates and terms are subject to change without notice. Rates/terms accurate as of 1/18/19. Rates will be based on credit history. Rate shown is the lowest available. Applicants not approved at these rates or terms may be offered credit at a higher rate or term. Lien must be in first position on the subject property. Appraisal will be required. Primary residence – New York only. Ask for details. Membership conditions may apply.

NO CLOSING COSTS!2.99%

Interest-Only Home Equity Line of Credit

ADJUSTABLE RATE

APR*NO CLOSING COSTS!

4.25%

First Lien Position Mini-Home Equity Loan

FIXED RATE60-120 Month Term

APR**

Home Equity ProductsWhich Will Suit Your Needs?

Chris Hibbard, ChFC, CRPC, CFSVice President, Wealth Management5439 Sunrise Hwy., Holbrook, NY 11741(631) 698-7000 ext. 6020

Maximize your income with a TFCU IRA Savings or Certificate Account. Let us help you achieve your long-term goals with a safe solution to help your savings grow. Open a TFCU Traditional Individual Retirement Account (IRA), a Beneficiary IRA, or a Roth IRA today. These accounts are federally insured for at least $250,000.

Catch Up ContributionsIndividuals who turn age 50 and older can make a catch-up contribution of $1,000 per tax year in addition to regular contributions. This catch-up contribution may also be made to an IRA for a non-working spouse.

RolloversYou can roll over an IRA if you retire or change jobs and receive a lump-sum distribution from a qualified pension (i.e.: 403B, 401K) plan. You can roll over all or any part of these funds into a tax-deferred IRA rollover account.

TransfersYou also have the option of transferring your IRA from another financial institution to us. We will handle all the necessary paperwork at no cost to you.

Call (631) 698-7000 ext. 6780 or visit TeachersFCU.org for CURRENT RATES, contribution limits and more information.

IRA SAVINGS

Great Rates and Tax Breaks!Build Your Retirement Savings With a TFCU IRA

2 TFCU’s Annual Meeting will be held on April 22, 2019 at 6:00 pm at the Credit Union’s Main Office. All Members are Welcome!

Important Notice Regarding Your Tax Returns

TAX INFORMATION

To ensure efficient and timely processing of your tax refund or payment, please confirm that you are using your full account number as it is shown on your statement. Use of only your member number or an incomplete account number may result in processing delays.

If you are not sure of your full account number, you can obtain it in online banking. 1. Click on the account type you need the number for (ie: Share Draft Checking) 2. On the right hand side of your screen, in a box it lists your balance and available balance. Under it, in blue type, it reads “See account details”. Click on this option and your full account number will be displayed.

A second option, if you know your member number, is to contact our Call Center at 631-698-7000, extension 6780, and ask for your full account number.

Volunteer Income Tax Assistance (VITA) Program

MEMBER PROGRAMS

The VITA Program is available for low-income ($54,000 or less), persons with disabilities and limited English-speaking taxpayers who need assistance in preparing their own tax returns. IRS-certified volunteers will be available to provide free basic income tax return preparation to qualified individuals.

Tax assistance will be available on Tuesdays, 8:30 am – 3:00 pm, from January 29 – April 9, 2019 at our Amityville Branch only.

An appointment is necessary and can be made by calling (631) 698-7000 ext. 4160.

Please bring the following with you to your appointment:• Your W-2 wage and tax statements• Information on other sources of income and deductions• Social Security Cards for all taxpayers and dependents• A valid driver’s license or valid government identification

Do You Have a High Credit Card Balance? Transfer to a TFCU Visa Card and Save!

For more information, visit TeachersFCU.org or call 698-7000, ext 6790

SPECIAL PROMOTIONS

2.99 %Balance

Transfers

Existing Credit Card Accounts

2.99 %Balance Transfers

& Purchases

APR*

New Credit Card Accounts

APR*

All rates and terms are subject to change without notice. Rates & terms accurate as of 1/16/2019. *APR: Annual Percentage Rate. When the promotional period ends, any new or outstanding balance transfers and purchases will revert to the then Standard APR for the card type, which is currently: Platinum 9.96%, Classic 12.84%, No Frills 9.84%. All other terms and conditions are the same. We will accept balance transfers that are an aggregate of $1,000 as long as they are submitted in one transaction. (This does not apply to statement or letter checks).

You spoke and we listened! To serve our members better and give you the options you need, TFCU is proud to introduce a new, easy way to make your loan payments.

Pay TFCU Loans from External Accounts with Quick Pay!

Note: Please be sure to cancel any pre-existing automatic payments being made from non-TFCU accounts before using the Quick Pay option to avoid making duplicate payments.

NEW SERVICES

Term: 12 billing cycles - the promotional rate will extend through 12 billing cycles from the date of the first transaction.

No Balance Transfer Fee

Don’t Miss this Great Opportunity!

TEAM TFCU is Raising Funds for the Ronald McDonald HouseLittle by little, a little becomes a lot! During the month of February, TEAM TFCU is raising funds for the Ronald McDonald House. Buy a heart at one of our 31 branches to help us support this wonderful charity.

Our new Quick Pay option will allow you to securely make automatic, direct payments to your TFCU loan from accounts at other financial institutions through TFCU Online Banking or the convenient Quick Pay icon found under the Online Banking login box on the TFCU home page.

*Annual Percentage Yield (APY) accurate as of 1/18 /2019. All rates and terms are subject to change without notice.

TFCU’s Solar Energy LoanTFCU has partnered with SUNation and National Energy Connection (NEC) to make “going solar” easier for our members!

Reduce your electric bill, use backup power during power outages from storms, help the environment and so much more!

Here’s what you need to know: • Loans for up to $35,000• Low fixed annual percentage rates of up to 7.99%*• Flexible repayment terms of up to 96 months• No interest and no payments for the first 24 months• UCC-1 filing required• Loan is exclusive to SUNation and NEC customers only

For more information on this or any loan TFCU offers, speak to a representative at 631-698-7000, extension 3700 or visit TeachersFCU.org.

ENERGY SAVINGS

COMMUNITY

3

MEMBER SAVINGS

TFCU’s Annual Meeting will be held on April 22, 2019 at 6:00 pm at the Credit Union’s Main Office. All Members are Welcome!

Love is…that New Car Smell!You’ll fall head-over-heels with our low auto rates!

• Get pre-approved and know how much you qualify for.

• Finance up to 100% of the purchase price - including sales tax and warranty.

• Take advantage of our quick approval process. Apply online!

• Lower your payment by refinancing your car loan from another lender with us.

AUTO

1: APR=Annual Percentage Rate. Rates as low as 3.29% APR for up to 72 months. All rates and terms are subject to change without notice. Rates and terms are effective 1/1/19. Rate will be based on credit history. Rate shown is lowest rate available. Maximum 4 model years old (including current year). Applicants who are not approved at these rates or terms may be offered credit at a higher rate and/or different terms. Rates not available on Buy Rite Plus balloon loans or leases. Not eligible for Educated Choice, Auto Transfer. Pay just $15.32 for every $1,000 borrowed with a 72-month term at 3.29% APR for used auto loans. 100% Financing available including Tax, Title & License. Financing for qualified Teachers Federal Credit Union members. Not all buyers will qualify. Offer valid only on Enterprise Car Sales vehicles purchased 2/1/19–02/28/2019. Cannot be combined. 2: Kelley Blue Book Trade-In Values used by Enterprise are obtained from © 2019 Kelley Blue Book Co.’s website KBB.com. Kelley Blue Book Trade-In Value is based on accurate condition rating & 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 & 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 & 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 & all other necessary paperwork to transfer title. Offer only valid on one trade-in for each Enterprise vehicle purchase. Restrictions apply. See a Sales Consultant for details. Offer void where prohibited including AK, HI, KY, LA, MD, NE, NM, OK, OR, SC, TX, VA and Washington D.C. Offer valid 2/1/19–02/28/2019. No cash advances. Offer cannot be combined. Not valid on previous purchases. Used vehicles were previously part of the Enterprise rental fleet &/or an affiliated company’s lease fleet or purchased by Enterprise from sources including auto auctions, customer trade-ins or from other sources, with a possible previous use including rental, lease, transportation network company or other use. Photo for illustration only. The “e” logo & Enterprise are trademarks of Enterprise Holdings, Inc. All other trademarks are the property of their respective owners. © 2019 Enterprise Car Sales.

New AutoNew rates as low as

2.99%APR*

Used Auto

for up to 72 monthsFull Financing Available

Maximum 4 Model Years Old (Inc. Current Year) Other Rates/Terms Available

New rates as low as

for up to 60 months

APR*3.29%

All rates and terms are subject to change without notice. *APR: Annual Percentage Rate. Rates and terms are effective 1/16/19. Rate will be based on credit history. Rate shown is lowest rate available. Applicants who are not approved at these rates or terms may be offered credit at a higher rate and/or different terms. Rates not available on Buy Rite Plus balloon loans or leases. Not eligible for Educated Choice, Auto Transfer. Pay just $17.97 per $1,000 borrowed with a 60-month term at 2.99% for new auto loans. Pay just $15.33 per $1,000 with a 72-month term at 3.29% for used auto loans.

To see if you can be pre-approved, visit any of our branch locations, call (631) 698-7000, ext. 6790 or visit our website at Teachersfcu.org

5.00%APR*

All rates and terms are subject to change without notice. Rates & terms accurate as of 1/16/2019. *APR: Annual Percentage Rate. When the promotional period ends, any new or outstanding balance transfers and purchases will revert to the then Standard APR for the card type, which is currently: Platinum 9.96%, Classic 12.84%, No Frills 9.84%. All other terms and conditions are the same. We will accept balance transfers that are an aggregate of $1,000 as long as they are submitted in one transaction. (This does not apply to statement or letter checks).

MEMBER NOTICES

Energy Assistance Loan TFCU is offering Energy Assistance Loans to see you through the home heating season.• 5.00% APR*• Minimum loan: $250• Maximum loan: $3,000• Repayment Terms: Up to 12 months for $1,500 Up to 18 months for $3,000• Purpose - Oil, electric or natural gas • Offered through March 31, 2019

Have a Night on the Town at the Staller Center!TFCU supports The Staller Center, Your Stop for the Arts! Visit www.stallercenter.com and enter SAVE5 at checkout for $5 off each full price adult ticket for shows at the Staller Center. Children 12 and under are always half price.

Branch Mortgage OriginatorsWe now have Mortgage Originators in 15 branch locations across Long Island and Queens. Whether you’re placing an application, weighing your options or simply looking to learn more about mortgages, they’re here for you!

Meet Our Originators! Kayla McElhone

Selden & S. Setauket

kaylam@teachersfcu.org

631-698-7000 ext: 6919

NMLS Number: 1689150

For more info, visit TeachersFCU.org or call 698-7000, ext. 6790

HOME

When you finance an Enterprise vehicle with Teachers Federal Credit Union

February 1 – 28, 2019

It’s tax time.Take your refund and drive.

Visit cuautodeals.com and contact your credit union to get pre-approved today.

Plus, Enterprise will appraise your vehicle using Kelley Blue Book® Trade-In Value and Add $5002

Get rates as low as 3.29% APR1

† Facility employees only† † Services currently limited

Branch Locations

Convenient Loan Call Center Hours 24/7 Loan Information & Applications

631-698-7000, Ext. 6790.

TFCU’s Routing Number: 221475786

Check www.TeachersFCU.org for all of our GREAT RATES!

twitter.com/TFCU

Board Of DirectorsTimothy M. Southerton, ChairmanGeorge L. Dornhoefer, Vice ChairmanJuan C. Nuñez, TreasurerApril S. Neitlich, SecretaryRaymond P. GrossmanRonald A. MincioRobert J. NeyMario P. ShortinoShalei V.K. SimmsF. Jane Harris, Director EmeritaFrank D. Spencer, Director Emeritus

Executive ManagementRobert G. Allen, President/CEOC.J. Meyers, Executive Vice President/COO

Supervisory CommitteeJames F. Nohe, ChairmanMark O. Israel, SecretaryAlan R. Fertmann Eric J. Iberger April S. Neitlich

Amityville - 355 Broadway (Rte. 110)Bay Shore - 3rd Ave. and Sunrise Hwy. Briarwood (Queens)†† - 139-30 Queens Blvd. Brookhaven National Lab† - 400 Brookhaven Ave.Center Moriches - 248 Montauk Hwy. Central Islip - 118 Wheeler RoadCommack - 10 Vanderbilt Pkwy.East Northport - 556 Larkfield RoadEast Meadow - 2557 Hempstead Tpke. NOW OPEN!Farmingville - 2410 N. Ocean Ave.

Hauppauge - 102 Motor Pkwy.Holbrook - 5439 Sunrise Hwy.Huntington - 211 East Main StreetKings Park - 742 Route 25AManorville - 460 County Road 111 Merrick - 1638 Merrick Rd. Nesconset - 127 Smithtown Blvd. North Babylon - 1134 Deer Park Ave.North Massapequa - 4250 Jerusalem Ave. Oakdale - 951 Montauk Hwy.

Patchogue - 31 W. Main Street, Suite 23 Port Jefferson Station - 5145 Nesconset Hwy. NEW LOCATIONRiverhead - 176 Old Country Rd. (Rte. 58)Riverside (Manhattan)†† - 180 Riverside Blvd. at W69th St. Rocky Point - 561 Route 25A Selden - 301 Independence Plaza, (Rte. 25)Shirley - 437 William Floyd Parkway. Smithtown - 1 West Main StreetSouth Setauket - 260-A Pond PathWading River - 6257 Route 25A Woodside (Queens)†† - 50-24 Queens Blvd.

631-698-7000 • 1-800-341-4333**Outside the Long Island, Westchester and New York Metro areas.

TFCU HEADQUARTERS Located at: 102 Motor Pkwy, Hauppauge, NY

Mail: P.O. Box 9005, Smithtown, NY 11787www.TeachersFCU.org

While consistent effort is made to ensure the integrity of information contained in this publication, material should not be considered legal,

financial or professional advice. Terms and conditions apply. Please speak to a representative for details.

facebook.com/TeachersFCU

Instagram.com/TeachersFCU

Holiday Closing

All TFCU branches will be closed on Monday, February 18 in

observance of Presidents Day

We Offer Fixed Rate Mortgages up to $453,100

and Jumbo Mortgages up to $3,000,000!

The rest of us need a little help.After you meet with us, saving for

retirement will seem like second-nature.

Contact our team of financial professionals today.FR-2176345.1-0718-0820. © CUNA Mutual Group. Securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor. CBSI is under contract with the financial institution to make securities available to members. Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution.

For some, saving for retirement is instinctive.

Tom Sconzo Financial Advisor561 Route 25A, Rocky Point, NY 11778 631-698-7000 ext. 3367

Stephen Abbott, CLU, ChFCFinancial Advisor2410 North Ocean Avenue, Farmingville, NY 11738(631) 698-7000, ext. 3692

Frank PecorellaFinancial Advisor3rd Avenue & Sunrise Hwy., Bay Shore, NY 11706631-698-7000, ext. 6925

Chris Hibbard, ChFC, CRPC, CFSVice President, Wealth Management5439 Sunrise Hwy., Holbrook, NY 11741(631) 698-7000 ext. 6020

Financial Services Representatives at other branches:Manorville – Ron RebaldoNesconset – Micki Cahill

Effective February 9, 2019All TFCU branches will close at 2:00 pm

SATURDAYSReminder: Our new Thursday branch hours:

Lobby: 8:30 am – 4:30 pm, Drive Thru: 8:00 am – 5:00 pm

(Excludes Briarwood, Riverside & Woodside Branches)

DRIVE-THRU OPEN UNTIL 2:30 PM

We Have Relocated to Better Serve You!

New location:5145 Nesconset Highway,

Port Jefferson Station, NY 11776(In the Station Plaza Shopping Center with Staples & Shop Rite)

MOVERS

Port Jefferson Station Branch News!

Additional Safe Deposit Boxes Available!