July - September 2017 eNewsletter • Jumbo Share Certifcates • Discontinued Support for TLS 1.0 • Do’s and Don’ts of Mortgage Loans • Member Benefts • Should I Refnance My Auto Loan? • Docusign Breach • Money Manager In This Issue: 1 6 1 . 1 4 18 months 24 months A Minimum Deposit of $95,000 is Required. Annual Percentage Yield . 5 Jumbo Share Certificates % % Jumbo Share Certifcates Austin Telco has increased it’s Share Certifcate rates, 1.41% Annual Percentage Yield for 18 months and 1.56% Annual Percentage Yield for 24 months. Austin Telco has a wide range of Share Certifcates to ft your individual needs. Based on the term, dividends can be transferred to your share savings account, your checking account, compounded into the certifcate or paid directly to you. Our certifcates are the amoung the most competitive in today’s market. Check out details on the Special Share Certifcate and other rates and terms at www.atfcu.org/ share-certifcates.htm A minimum deposit of $95,000 is required. Dividends are compounded and paid quarterly. Funds must remain on deposit for the term of the certifcate or penalties will apply as follows: terms of 12 months or less - 90 days dividends; terms over 12 months - 180 days dividends. Rates subject to change without notice. Discontinued Support for TLS 1.0 On Online and Mobile Banking Transport Layer Security (TLS) is a layer of security on web browsers which ensures the safety of information transmitted over the internet. To comply with the latest industry standards surrounding TLS encryption, Austin Telco will discontinue support for the outdated TLS 1.0 protocol on in the coming months. When this happens, Austin Telco Online and Mobile Banking will no longer respond to TLS 1.0 requests, and respond only to those using TLS 1.1 or 1.2. These changes require members to ensure that their computers and phones are compatible with TLS 1.1 and 1.2, and may require users to upgrade their computers or browsers. If you have any questions contact the IT department at 512-302-5555 Ext. 7199.
Transcript
July - September 2017 eNewsletter
• Jumbo Share Certificates
• Discontinued Support for TLS 1.0
• Do’s and Don’ts of Mortgage Loans
• Member Benefits
• Should I Refinance My Auto Loan?
• Docusign Breach
• Money Manager
In This Issue:
1 6 1. 1418 months
24 months A Minimum Deposit of $95,000 is Required.
Annual Percentage Yield
.5
Jumbo� Share� Certificates% %
Jumbo Share Certificates Austin Telco has increased it’s Share Certificate rates, 1.41% Annual Percentage Yield for 18 months and 1.56% Annual Percentage Yield for 24 months. Austin Telco has a wide range of Share Certificates to fit your individual needs. Based on the term, dividends can be transferred to your share savings account, your checking account, compounded into the certificate or paid directly to you. Our certificates are the amoung the most competitive in today’s market. Check out details on the Special Share Certificate and other rates and terms at www.atfcu.org/ share-certificates.htm
A minimum deposit of $95,000 is required. Dividends are compounded and paid quarterly. Funds must remain on deposit for the term of the certificate or penalties will apply as follows: terms of 12 months or less - 90 days dividends; terms over 12 months - 180 days dividends. Rates subject to change without notice.
Discontinued Support for TLS 1.0 On Online and Mobile Banking Transport Layer Security (TLS) is a layer of security on web browsers which ensures the safety of information transmitted over the internet. To comply with the latest industry standards surrounding TLS encryption, Austin Telco will discontinue support for the outdated TLS 1.0 protocol on in the coming months. When this happens, Austin Telco Online and Mobile Banking will no longer respond to TLS 1.0 requests, and respond only to those using TLS 1.1 or 1.2. These changes require members to ensure that their computers and phones are compatible with TLS 1.1 and 1.2, and may require users to upgrade their computers or browsers. If you have any questions contact the IT department at 512-302-5555 Ext. 7199.
Helpful Do’s & Don’ts When applying for a Mortgage Loan DO ... • Keep originals of all pay-stubs, bank statements and other important financial documentation. We are required to update any documents that are more than 90 days old prior to the closing of your mortgage loan. (This is required even if your loan is approved.)
• Provide all documentation for the sale of your current home, including sales contract, closing statement, employer relocation/buy-out program if applicable.
• Notify your Loan Officer if you plan to receive gift funds for closing costs.
• Notify your Loan Officer of any employment changes such as change of employer, recent raise/promotion, transfer, change of pay status, for example salary to commission
• Be aware that opening new lines of credit could affect the approval of your loan.
DON’T ... • Change jobs/employer without inquiring about the impact this change might have on the approval of your loan.
• Make major purchases during or prior to closing, such as a new car, furniture, appliances, etc. as this may impact your qualification ratios.
• Obtain and/or deposit unusually large sums of money without notifying your Loan Officer. Many loan guidelines require documentation as to the source of these funds.
• Close or open or transfer any asset accounts without asking your Loan Officer about the proper documentation required for your loan file, e.g. transferring all the funds in your checking account into your savings account.
• Open or increase any liabilities, including credit cards, signature loans or other credit lines during the loan process as it may impact your qualifying ratios.
Contact our Mortgage Representative for more information:
This is not an offer to extend consumer credit as defined by Section 1026.2 of Regulation Z. Rates and terms are subject to change. Home loans are provided by partnership with CU Members Mortgage a division of Colonial Savings F.A. NMLS#401285.
Contact our Mortgage Representative for more information:
Member DiscountsPlanning a summer trip or weekend getaway? If so, take advantage of special discounts available only to Austin Telco members! Our discounts apply to the following attractions:
• Seaworld San Antonio • Schlitterbahn • Fiesta Texas • Six Flags
Visit https://www.atfcu.org/Member-Discounts.htm to learn more.
Should I Refinance My Vehicle Loan? With interest rates remaining near record lows, refinancing your current vehicle loan could save hundreds of dollars a year, and sometimes thousands over the life of the loan. Refinancing your vehicle loan is quick and easy, and the benefits start immediately. While you’ll get the most savings by refinancing early in the loan term, there’s no limit as to when to refinance and start saving.
Whether interest rates have dropped since you took out your loan, your credit has improved, or you just don’t feel you got the best rate from the dealership, refinancing may make sense for you.
One call or a few clicks on your computer are all it takes to see if a refinance can save you money in both the short and long term. Don’t delay, while vehicle loan interest rates are still very low, they are poised to start heading back up.
Contact a Loan Specialist with Austin Telco at 512-302-5555 x7194 or apply online at www.atfcu.org to see if a vehicle refinance can benefit you.
Auto Loans New, Used or Refinance
APR1
Up to 60 Mos.1.90%
as lo
w a
s
1Annual Percentage Rate. Actual rate may vary depending on credit qualifications. Rates and terms are subject to change without notice. Auto loan rate advertised is our lowest rate for the purchase of a new or used vehicle, or the refinance of an existing loan from another lender.
Mark Your CalendarsATFCU Branches will be closed in observance of:
Labor Day Columbus Day Monday, September 4th Monday, October 9th
Docusign Breach DocuSign, a major provider of electronic signature technology has confirmed that a series of malware and phishing emails targeting it’s users was the cause of a data breach in their system. DocuSign stresses that only user email addresses were stolen, however, they noted that this could potentially be a very dangerous situation as these customers may be expecting a DocuSign email and unknowingly click on a link that would allow the malware into their system.
The information was enough to allow attackers to craft specially targeted e-mail campaigns at users featuring doctored branding and headers that make messages appear to contain legitimate DocuSign attachments. Many of the phishing e-mails contains the following in the header: “Completed: docusign.com – Wire Transfer Instructions for recipient-name Document Ready for Signature.” The message contained a link to a downloadable Microsoft Word document that harbored malware.
DocuSign recommends anyone receiving the suspicious e-mails to forward them to the company at spam@docusign. com and then delete the message.
The emails may appear suspicious because the sender isn’t recognized, you weren’t expecting a document to sign, it contain misspellings (like “docusgn.com” without an ‘i’ or @docus.com), it contains an attachment, or it directs you to a link that starts with anything other than https://www.docusign.com or https://www.docusign.net.
If you have reason to expect a DocuSign document via email, don’t respond to an email that looks like it’s from DocuSign by clicking a link in the message. When in doubt, access your documents directly by visiting docusign.com, and entering the unique security code included at the bottom of every legitimate DocuSign email. DocuSign says it will never ask recipients to open a PDF, Office document or ZIP file in an email.
Money Manager
Did you know?... With Money Manager, you can automatically categorize and track spending from all your accounts in one place. It’s easy to set up and get started! Simply log into your Online Banking Account, click the Money Manager tab, add which accounts you want to track, and click the Spending tab. From here you can see your spending habits and learn what you need to adjust or change in order to save. Visit https://www.atfcu.org/money-manager.htm to learn more.
Statistically Speaking As of May 31st, 2017
Number of Members Number of Checking Accounts Capital 83,315 50,462 $180,497,105
*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
Management Board of Directors James D. Poplin, President/CEO Paul Paulsen, Chairman
Larry Lantrip, Vice ChairmanTony Rawls, SVP, Lending/CLO Steve Read, Treasurer Karen Smith, SVP, HR & Branch Operations Fran Berns, Secretary Robert Hernandez, SVP, Finance/CFO David Westlund, Security/Safety Officer Raye Anne Cawthon, VP, Accounting Joe Bain, Membership Officer
Jim Howey, VP, Lending Paul Tidrick, Member
Pamela W. Cotton, VP, Member Services
Christopher Mraz, VP, Information Technology/CIO Supervisory CommitteeKathleen Miller, AVP, Administrative Services
