Announcements • Letter from the CEO • Student Loans – How to Apply • New Alert for Target Data Breach • PAC FCU Home Banking – New Look Coming in January 2014 • Direct Deposit your Tax Refund • IRA Update • Annual Meeting Information Special Offers • New Year’s Resolution Loan Low rates from 1.99%* APR for 1 year *Interest rate based on Credit Score Coming Soon • Annual Meeting - April 24, 2014 By the time you read this, Christmas will have come and gone. I sincerely hope that all of our Members had a happy and healthy Holiday season. We look forward to 2014 for peace and prosperity for all of our Members and hope that at least some of our financial concerns will be alleviated. The nation’s unemployment rate continues to decline and home values continue to creep upward. Those factors usually mean that interest rates will also start to climb and although there has been a slight increase, they still remain historically low. That bodes well for members who are in the market to borrow, but continues to be discouraging for those on fixed incomes who rely on interest and dividends to supplement their earnings. To ease some of the financial pain that goes hand-in-hand with the Holidays, PAC Federal Credit Union is once again offering a special for borrowers this year. We’ve lowered the rates (Annual Percentage Rate) on personal loans and our mortgage rates have not changed. Our Credit Union has had another successful year. Our financial results have exceeded both our goals for 2013 as well as our results from the prior year. We start this year with an optimism that we haven’t seen in about four or five years, as a certain stability has calmed the financial markets. We’ve had some challenging years in 2009, 2010, and 2011 but that all appears to be behind us now. We look forward to 2014 with renewed excitement about our prospects for the future and for those of our members as well. JANUARY 2014 Letter from the CEO Student Loans – How to Apply New Alert for Target Data Breach If you need a Student Loan for the Winter 2014 semester, we can help. Deferred student loans are available to pay for your Tuition, Fees, Books, Room and Board, Travel/Vehicle, Food Plan and Other Related Expenses. Interest rates are as low as 6% APR and are based on your or your Co-Borrower’s Credit Score. To apply online, or for more information go to http://pacfcu.studentchoice.org or to our website https://www.pacfcu.com/student-choice-loan-features.asp. PAC FCU continues to monitor the recent Target data compromise. Recently, there have been phishing emails related to the Target breach. The emails look like they are from Target and play on the fears of the public that they may have had their card compromised. As a precaution, we want to notify our members of this potential threat and advise you to proceed with caution if you receive an e-mail from Target. Please DO NOT OPEN any links that may be included in these emails as that could potentially allow additional access to your personal information. Target will post information related to the breach and the phishing emails on this website: https://corporate.target. com/about/payment-card-issue.aspx?ref=sr_shorturl_paymentcardresponse.
Transcript
Announcements• Letter from the CEO• Student Loans – How to Apply• New Alert for Target Data Breach• PAC FCU Home Banking – New
Look Coming in January 2014• Direct Deposit your Tax Refund• IRA Update
• Annual Meeting Information
Special Offers• New Year’s Resolution Loan
Low rates from 1.99%* APR for 1 year *Interest rate based on Credit Score
Coming Soon• Annual Meeting - April 24, 2014
By the time you read this, Christmas will have come and gone. I sincerely hope that all of our Members had a happy and healthy Holiday season. We look forward to 2014 for peace and prosperity for all of our Members and hope that at least some of our financial concerns will be alleviated. The nation’s unemployment rate continues to decline and home values continue to creep upward. Those factors usually mean that interest rates will also start to climb and although there has been a slight increase, they still remain historically low. That bodes well for members who are in the market to borrow, but continues to be discouraging for those on fixed incomes who rely on interest and dividends to supplement their earnings.To ease some of the financial pain that goes hand-in-hand with the Holidays, PAC Federal Credit Union is once again offering a special for borrowers this year. We’ve lowered the rates (Annual Percentage Rate) on personal loans and our mortgage rates have not changed.
Our Credit Union has had another successful year. Our financial results have exceeded both our goals for 2013 as well as our results from the prior year. We start this year with an optimism that we haven’t seen in about four or five years, as a certain stability has calmed the financial markets. We’ve had some challenging years in 2009, 2010, and 2011 but that all appears to be behind us now.We look forward to 2014 with renewed excitement about our prospects for the future and for those of our members as well.
JANUARY 2014
Letter from the CEO
Student Loans – How to Apply
New Alert for Target Data Breach
If you need a Student Loan for the Winter 2014 semester, we can help. Deferred student loans are available to pay for your Tuition, Fees, Books, Room and Board, Travel/Vehicle, Food Plan and Other Related Expenses. Interest rates are as low as 6% APR and are based on your or your Co-Borrower’s Credit Score. To apply online, or for more information go to http://pacfcu.studentchoice.org or to our website https://www.pacfcu.com/student-choice-loan-features.asp.
PAC FCU continues to monitor the recent Target data compromise. Recently, there have been phishing emails related to the Target breach. The emails look like they are from Target and play on the fears of the public that they may have had their card compromised. As a precaution, we want to notify our members of this potential threat and advise you to proceed with caution if you receive an e-mail from Target. Please DO NOT OPEN any links that may be included in these emails as that could potentially allow additional access to your personal information. Target will post information related to the breach and the phishing emails on this website: https://corporate.target.com/about/payment-card-issue.aspx?ref=sr_shorturl_paymentcardresponse.
2889 E. MapleTroy, MI 48083 (248) 619-0440
Fax: (248) 619-3230
11905 Joseph Campau Hamtramck, MI 48212
(313) 365-1000 Fax: (313) 365-6321
25555 West Warren Dearborn Heights, MI 48127
(313) 563-8200 Fax: (313) 563-8009
All Branches are Open:Mon – Thurs 9:30 am – 5:00 pmFriday 9:30 am – 7:00 pmSaturday 9:30 am – 2:00 pm
Please use our convenient ATMs or website to conduct your Credit Union
business when we are closed.
Please note that we willbe closed on the
following holidays:
Martin Luther King’s Day Monday, January 20
Presidents’ Day Monday, February 17
Good Friday Friday, April 18
Closed 12:00 pm-3:00 pm
Memorial Day Monday, May 26
www.pacfcu.comwww.uniakredytowa.com
Write to the PAC FCU Board of Directors:2889 E. Maple Rd, Troy, MI 48083
To report a lost or stolen VISA card call: 1-800-828-3901
After 5 pm and on weekends:1-800-991-4961
Debit card:1-888-241-2510 –Toll Free within the US1-909-941-1398 – Collect Calls Reporting
Lost/Stolen Cards outside the US
NEWS YOU CAN USE
PAC FCU Home Banking – New Look Coming in January 2014A few modifications have been made to the design and the graphics of the home banking site as well as enhancements to the content and navigation system to make it even easier and simpler to use! Here are just a few of the enhancements:• View all of the accounts that you are either the Primary or Joint owner of –
just by logging on only once.• Minimizing lockout to your account. CAPS LOCK detection has been added to
the Login screen to reduce the number of incorrect password attempts.• Delinquent loan amounts were added to the Loan Detail pages and side-help
displays on transaction pages. If you have any questions regarding home banking, the new navigation menus, or joining of your accounts please call us at 248-619-0440 ext. 31 for assistance.
Our 38th Annual Membership Meeting will take place on Thursday, April 24, 2014 at the American Polish Cultural Center in Troy. The registration process will begin at 5:30 pm. There are five vacancies on the Board of Directors to be filled at the Annual Meeting. The Credit Union’s Nominating Committee has submitted the names of the following individuals for election to the Board of Directors:Mariusz Arszylo Matthew GreckiSophie Kosowski Mark ReaumeZdzislaw Miloboszewski
There will be no nominations from the floor and no ballots taken when there is only one nominee for each position to be filled. When more than one nominee for a position is received, ballots will be distributed and a vote taken.
If you are interested in volunteering for a board position, you may receive a nominating petition at any branch. Petitions will be available beginning Friday, January 31, 2014. The deadline for submitting a completed petition is Monday, March 3, 2014. Petitions must be submitted in person to the Troy office. All candidates must be members in good standing at PAC FCU and they must be of good character and bondable.
Annual Meeting Information
IRA Update
Tax Refunds can be QUICK
The deadline for your 2013 contribution is April 15, 2014. Contribution limits for 2013 are $5,500 for both a Traditional or Roth IRA. If you are over 50 years old, you can make an additional contribution of $1,000. All IRA’s are federally insured by the National Credit Union Administration (NCUA).
You’ll receive your tax refund faster when you use direct deposit. To direct deposit your tax refund just add the following routing number and your credit union account number on your tax form: 272486407.
