This Credit Union is federally insured by the National Credit Union July 2008 issue for Westerly Community Credit Union Members News C ommunity What’s Happening! Plans are underway for a new, full service branch in South County Commons located off Route 1 in So. Kingstown RI, set to open this coming fall! This 2,500 square foot building will feature drive-up facilites, an ATM, state of the art equipment, children’s play area, and, of course, our friendly, knowledgeable staff! ‘We look forward to opening a branch in the So. Kingstown/Wakefield area’, said Steve White, President and CEO of WCCU, ‘We are excited to help the residents and businesses in this area with all of their finan- cial needs. We are also looking forward to providing them with the great service our current members have come to expect.’ This branch will be the Credit Union’s 4th location, with another loca- tion in Richmond, and 2 more in Westerly. Look for more information in upcoming Community News newsletters, our website, www.wester- lyccu.com, or call us at 401.596.7000. New WCCU branch to open this fall in South Kingstown! Click & Explore- www.westerlyccu.com is new & improved! Enjoy more detailed account info and some new features, including: 1. An‘Online Survey’ to help us to know your opinions and interests. 2.‘Quick Links’ to save you time searching and take you to frequently visited pages, events/seminars...etc. 3. Sign up for email updates, starting this Sept, from WCCU- (eNotices- for account info & eNews-for WCCU news) with the ‘Stay Informed’ section. 4. An ‘Educate Yourself’ section for info and registration for upcoming semi- nars and events. Still to come...Opening your accounts online, Podcasts, and much more... Seating is limited, please RSVP to Nancy Martin, WCCU Community Education Special- ist, at 401-596-7000 x342 or [email protected]. Refreshments (fr. Sandy’s Fine Food Em- porium located in Westerly) will be served! Check out our free Summer Seminar Series!! Presented by: Britta Gobitas, WCCU AVP of Lending and Business Devel- opment and Virginia Thimas, SBA Business Development Specialist Presented by: Jeanne Abate & Mike Urgo, WCCU Mortgage Officers Presented by: Wayne Lagasse, MEMBERS Financial Services Representative Presented by: Jeanne Abate & Mike Urgo, WCCU Mortgage Officers July 15th- Reverse Mortgage July 29th- Starting a Small Business August 12th- Investing 101 August 25th- Buying a Home All Seminars Time: 6:00 pm- 7:30 pm Location: WCCU, 122 Granite Street, Westerly Cost: FREE!
Transcript
This Credit Union is federally insured by the National Credit Union
July 2008 issuefor Westerly Community Credit Union Members NewsCommunity Community
What’s Happening!
Plans are underway for a new, full service branch in South County Commons located off Route 1 in So. Kingstown RI, set to open this coming fall!
This 2,500 square foot building will feature drive-up facilites, an ATM, state of the art equipment, children’s play area, and, of course, our friendly, knowledgeable staff!
‘We look forward to opening a branch in the So. Kingstown/Wakefield area’, said Steve White, President and CEO of WCCU, ‘We are excited to help the residents and businesses in this area with all of their finan-cial needs. We are also looking forward to providing them with the great service our current members have come to expect.’
This branch will be the Credit Union’s 4th location, with another loca-tion in Richmond, and 2 more in Westerly. Look for more information in upcoming Community News newsletters, our website, www.wester-lyccu.com, or call us at 401.596.7000.
New WCCU branch to open this fall in South Kingstown!
Click & Explore- www.westerlyccu.com is new & improved!
Enjoy more detailed account info and some new features, including:
1. An‘Online Survey’ to help us to know your opinions and interests. 2.‘Quick Links’ to save you time searching and take you to frequently visited pages, events/seminars...etc.3. Sign up for email updates, starting this Sept, from WCCU- (eNotices- for account info & eNews-for WCCU news) with the ‘Stay Informed’ section. 4. An ‘Educate Yourself’ section for info and registration for upcoming semi-nars and events.
Still to come...Opening your accounts online, Podcasts, and much more...
Seating is limited, please RSVP to Nancy Martin, WCCU
Community Education Special-ist, at 401-596-7000 x342 or [email protected].
Refreshments (fr. Sandy’s Fine Food Em-porium located in Westerly)
will be served!
Check out our free Summer
Seminar Series!!
Presented by: Britta Gobitas, WCCU AVP of Lending and Business Devel-opment and Virginia Thimas, SBA Business Development Specialist
Presented by: Jeanne Abate & Mike Urgo, WCCU Mortgage Officers
Presented by: Wayne Lagasse, MEMBERS Financial Services
Representative
Presented by: Jeanne Abate & Mike Urgo, WCCU Mortgage Officers
This Credit Union is federally-insured by the National Credit Union Administration
In tough times, it’s more important than ever to develop and maintain good financial habits. It is also im-portant to know that it is never too late to ask for help. WCCU is here for you with some tips to help make ends meet:
Manage Your Mortgage: If you have an Adjustable Rate Mortgage (ARM) and are facing a rate adjustment, consider refinancing your home. you could refinance into a fixed rate 30 year (or shorter) mortgage, or refinance into a new ARM that has terms better suited to your situation.
Even if you have a fixed rate home loan, refinancing may free up some money you could use to pay down more expensive debt such as credit card bills, or build your emergency fund for unex-pected expense such as car repairs or a new furnace.
Tap Equity: A Home Equity Line of Credit can be a useful cushion if your not already overloaded with debt. You can set it up and never draw on it, but have the comfort of knowing it’s there if needed.
When Times are Tough, WCCU can help!Cut Credit Card Cost: Pay on time and whenever possible, pay the full bal-ance each month. Avoid cash advances- the interest rate on these is higher than on straight purchases.
Pass Up Payday Loans: Payday lenders charge interest rates from 300% to 1000%. Check with the Consumer Fed-eration of America’s www.paydayloaninfo.org site to see what loans really cost or visit WCCU for a better alternative.
Use Direct Deposit: Those using direct deposit tend to save $90 per month more than those who don’t, according to NACHA, the electronic payments associa-tion in VA.
Direct deposit give you one less thing to worry about- It’s safe. It is an easier and more convenient way to save and it is predictable/dependable.
Need help getting back on track? WCCU can help, please call us 401.596.7000 or visit www.westerlyccu.com.
You can also contact the National Founda-tion for Credit Counseling (NFCC). Call 1.800.388.2227 or visit nfcc.org.Article based from 2008 Credit Union National Association Inc/Center for Personal Finance
*Rates as of June 1, 2008 and subject to change. After the first fixed term of 6 months or 1 year, the Annual Percentage Rate (APR) is variable based on the Prime Rate as published in the Wall Street Journal five days prior to the end of the month less 1/2% for the life of the line. APR will never be more than 18% or less than 3% for the remaining life of the loan after the initial fixed period. 1-4 family owner occupied properties only. 80% maximum combined loan to value. Minimum loan $50,000. Maximum loan is $300,000. Flood insurance may be required. Property insurance is required. Consult a tax advisor about the deductibility of interest. Other restrictions may apply. A cancellation fee will apply for loans terminated within two years of origination date. Other rates and terms available. Available for new lines only. $50 annual fee will be waived for the 1st year.
Life can be expensive...The Equity in your home can help!
APR* Prime Minus
1/2% thereafter3.99
122 Granite St, Westerly RI 02891 ~ 596-7000244 Post Rd, Westerly RI 02891 ~ 322-4000
