May 2011
Connection
Press Credit Union
Published Quarterly For Members Of NC Press Association Federal Credit Union
Cash Points Global
FEDERAL CREDIT UNION
Member Information
Holiday Closings
Credit Union branches will be closed for
the following holidays:
Memorial Day
Friday, May 30th
Independence Day
Monday, July 4th
For member convenience, all automated
services as well as Contact Center
services will be available.
Energy Tip
Water your garden in the early morning or
late evening. During these cooler hours,
less water is lost through evaporation.
Brought to you by NC Green Power
IRS Website
Don't be confused by other websites that
end in .com, .net, or .org. The official IRS
website address is www.irs.gov.
Important References
NC Press Website: www.ncpafcu.org
NC Press Voice Response Service:
1-877-247-7377 • 919-278-1001
Contact Center:
1-888-732-8562 • 919-857-2150
Free Credit Report:
www.annualcreditreport.com
National Do-Not-Call Registry #:
1-888-382-1222
Opt out of Pre-approved Offers #:
1-888-567-8688
Whether traveling, keeping a student within budget, or shopping online – this
account is a great fit! Cash Points Global (CPG) is a non-interest bearing
controlled spending account with electronic only access through the CPG card.
There are no checks and no paper statements, and since all transactions are
limited to the available funds in the account, no overdraft or NSF fees are ever
incurred. CPG has a $1 per month fee. The CPG account is great for traveling
and keeping vacation funds separate from your everyday checking account.
Students are also ideal candidates for this account due to the controlled
spending feature. Parents can transfer funds to the card on an as needed basis.
It’s also a great option for online shoppers who want to limit the fraud risk
exposure to their regular checking account. The versatile Cash Points Global is a
great choice for many members and can be used anywhere you see a Visa logo.
Stop by any SECU branch, visit www.ncpafcu.org or call the Contact Center at
1-888-732-8562 to open your new Cash Points Global account/card.
Theme Park Tickets
Your Credit Union has partnered with the State Employees Association of NC
(SEANC) to offer members discounted theme park tickets for 2011. Tickets
for the following theme park tickets are available in all SECU branch locations:
Busch Gardens, Carowinds, Kings Dominion, Wet’n Wild Emerald Pointe,
Myrtle Waves, NASCAR Speedpark and Pavilion Nostalgia Park. Contact your
local SECU branch office or visit www.ncpafcu.org for information. Tickets are
available until September 30, 2011.
Interest Rates
(Effective May 12, 2011)
Loan Services
NEW VEHICLE
Up to 60 months (up to 110% MSRP)
61 - 72 months (up to 110% MSRP)
NEW GREEN VEHICLE*
Up to 60 months (up to 110% MSRP)
61 - 72 months (up to 110% MSRP)
USED VEHICLE
Up to 5 Years (up to 60 months)
Over 5 Years (up to 48 months)
USED GREEN VEHICLE*
Up to 60 months (up to 110% MSRP)
Payroll
Deduction
Direct
Pay
4.75%
5.00%
5.25%
5.50%
4.00%
4.25%
4.50%
4.75%
4.75%
4.75%
5.25%
5.25%
4.25%
4.75%
ADJUSTABLE RATE MORTGAGE**
2 Year ARM (up to 30 years)
90% or less LTV+
RATE
APR
3.75%
4.67%
FIXED RATE MORTGAGE**
20 Year
5.00%
OTHER LOANS
Share Secured Fixed Installment
Up to 24 months
4.50%
From 24 to 48 months
4.75%
Share Secured Term Note
Open-End Variable Rate Unsecured
10.75%
Closed-End Variable Rate Unsecured
10.75%
Closed-End Fixed Rate Computer
6.00%
Professional Tools Loan
6.00%
5.15%
4.50%
4.75%
4.00%
11.25%
11.25%
6.50%
6.50%
Call or visit your local State Employees’ Credit Union branch for further information on loan qualification
requirements.
+
Loan To Value (LTV)
*Green vehicles must have a combined 28 mpg rating, used green vehicles are limited to current and
prior year models.
**These rates are for new first mortgage loans and are subject to change daily. The rates for existing
adjustable rate mortgage loans are subject to change at predetermined intervals and may be different from
the rates for new mortgages.
Deposit Accounts
Share
6 Month Share Term Certificate
12 Month Share Term Certificate
18 Month Share Term Certificate
24 Month Share Term Certificate
30 Month Share Term Certificate
36 Month Share Term Certificate
Money Market Share
Interest Checking
IRA
Bridge Share**
Holiday Cash Club
Minimum
Deposit*
Interest
Rate
APY
$25
$250
$250
$250
$250
$250
$250
$250
$100
$25
$25
N/A
.30%
.75%
.75%
.75%
1.00%
1.00%
1.25%
.50%
.25%
1.35%
**
.40%
.30%
.75%
.75%
.75%
1.00%
1.00%
1.25%
.50%
.25%
1.36%
**
.40%
Quoted rates, dividends and annual percentage yields are subject to change daily at the discretion of the
Board of Directors.
*Minimum deposit to open each account. Initial checking deposit must cover first box of checks and
first $1 monthly service fee. There is a $100 minimum balance required to earn interest on Checking and
to avoid a per item charge. There is no minimum balance required to earn dividends on Share and IRA
accounts. The minimum balance to earn interest on Share Term Certificates and dividends on Money
Market Share accounts is $250.
Share Term Certificates are Fixed Rate accounts. All other accounts are Variable Rate accounts with
rates subject to change daily.
Fees and other conditions on early withdrawal penalties may reduce the earnings on an account. Ask
any employee for further information about the fees and terms applicable to these
accounts.
**The Bridge Share account is a variable rate account, subject to
change quarterly based on the S&P 500® index from the previous
quarter. Maximum rate is 12.00%APR/12.55%APY.
For the nearest branch or ATM location check
www.ncpafcu.org or contact the SECU Call Center.
Board of Directors
Ken Ripley, Chairman
Spring Hope Enterprise
Rick Stewart - Kenly News
Neal Rattican - Roxboro Courier - Retired
Johnny Whitfield - Eastern Wake News
Teri Saylor - Open Water Comm
Member Privacy Policy
Collecting Information: The Credit Union collects and
maintains only information needed to provide you with
requested services. When you become a member, open
new accounts, or apply for additional services, we collect
information verbally or in writing, such as your name, address,
and social security number.
If you apply for a loan, we collect the following nonpublic
information:
• Information about your transactions with us or others, such
as payment history.
• Information we receive from a consumer reporting agency,
such as your credit history.
• Information obtained from current and past employers or
other institutions where you conduct financial transactions
when we verify data you provide.
Disclosing Financial Information: To provide you with
competitive financial products and superior service, we share
information within the Credit Union and give information on
a limited basis to our external service providers who help us
deliver products such as printed checks, debit cards, and life
insurance.
Credit Union employees have access to your financial
information to:
• Complete your transactions.
• Maintain your accounts.
• Provide services you request.
Employees of our service providers have access only to the
limited information they need. For instance, when you request
that checks be printed, we give the printer the information
on your check reorder form. We do not give this provider
information about your account balance or transactions. We
hold service providers to the same standards of confidentiality
and privacy we follow. Each company must agree in writing to
keep your financial information private.
Occasionally we may be required by law to disclose nonpublic,
personal information for governmental or judicial purposes.
If you terminate your membership with the Credit Union, we
will continue to protect your financial privacy and not share
your information, except as required by law or as needed to
finalize our service to you.
How We Protect Your Information: We know how important
the safeguarding of personal information is to our members,
and we share your concerns. You have entrusted us with
meeting your financial needs, and we recognize that a critical
part of that role is respecting and preserving your financial
privacy. We require all employees to actively safeguard
member privacy and confidentiality. We also have adopted
physical, electronic and procedural safeguards that comply
with federal regulations and industry standards to protect your
nonpublic, personal information.
If you have any questions concerning our privacy commitment
or any other policy of the Credit Union, please contact your
local branch or the Contact Center at (888)732-8562 or
(919)857-2150.