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T oday Advanced Financial SPRING 2019 Holiday Closings Good Friday (Newark and Wall only) April 19, 2019 Memorial Day (all branches) May 27, 2019 Dormant Accounts If your account has not had any activity (other than dividends posted) for 18 months, it will be placed on inactive status. Dormant accounts will be charged a dormant account fee of $8 per month. A deposit of any amount will remove the dormancy status. GETTING TO KNOW ADVANCED FINANCIAL We are in our 54th year since our founding at Bell Labs. We are proud to have expanded since then to include Horizon Blue Cross of New Jersey as well as Union and Essex counties. We concentrate on offering the traditional good service of Credit Unions. So, while our services have grown, we are pleased to continue to be a local financial institution where our Members have direct access to all Advanced Financial employees, including myself. This is a feature that is hard to find in our current world of 800 numbers and remote customer service offices – but we try to make our Members’ financial affairs easier and ensure that we are available when needed. As a part of this effort, we improved access to our services for our former United Members by opening a new first-floor branch at 383 Park Avenue, Scotch Plains. Advanced Financial FCU had a financially profitable year in 2018, and our strong balance sheet reflects that. We are one of the few Credit Unions that offer local commercial loans as well as traditional products such as mortgages, auto loans and consumer loans. We are committed to keeping our checking accounts free to our Members, with no minimum balances. As I am entering my 15th year here at Advanced Financial, I am proud of our consistency in service and our financial viability. Our employees enjoy interacting with our Members, and our Board has been very supportive of the traditions of Credit Unions. This combination will allow us to offer our Members many more years of the Advanced Financial FCU tradition, started 54 years ago in the cafeteria of Bell Labs in the spirit of a cooperative financial institution. Alan Feigenbaum President/CEO Car Loans You Can Afford Have you been looking into buying a new or used car? Do you need a reliable form of transportation at a decent price? Don’t think you can afford one? Advanced Financial FCU can help you purchase the new or used car of your choice with a payment that suits your budget. We offer rates as low as 3.00% APR* for new or used cars. To get started, all you need to do is fill out an application in the branch or online and submit your most recent pay stub to our loan department. Let us do the work while you do the shopping! *APR = Annual Percentage Rate. Subject to credit approval. New Mobile App! We are very excited to announce that our new mobile application is out for your favorite iOS and Android™ devices! With our mobile application, you will be able to: If you are already signed up for our online banking platform, all you need to do is sign into the app with your current credentials and you’re in! A home equity loan is a type of second mortgage that allows you to borrow against the value of your home (your “first” mortgage is the one you used to purchase your home). These loans are perfect for when you need to borrow relatively large amounts of money, and they’re easier to qualify for than other types of loans because they are secured by your house. If your home is worth more than you owe on it, a home equity loan may provide funds for anything you want! Benefits of Home Equity Loans: • Home equity loans typically have a lower interest rate. • Interest costs on a home equity loan may be tax deductible. Consult a tax advisor regarding the deductibility of interest. • Borrowers can qualify for relatively large amounts. If you are interested in learning more about our home equity loan rates and how it works, feel free to contact our loan department at 1-800-237-5626 and we will be glad to answer your questions. Need to Fund a Large Purchase? Happy Member I just wanted to send to express my “thanks” for Advanced Credit Union teller Mike DeSantis. I’ve been a member for quite some time, and Mike has been AWESOME. He is very patient and explains any questions or concerns that I may have regarding my account. He never seems to be annoyed when I come into the Credit Union more than twice a day. He provides great customer service and is a pleasure to interact with. - Angela Adams • Check your balance • Perform inter-account transfers • Access bill pay • Schedule payments • Manage alerts • Make person-to-person payments
