Member

www.TeachersFCU.org

April 2018

92

44

8-0

418

On the first $1,000. Up to age 18.Only a $1 balance required to open account.

New accounts only.

3.00%APY*

TFCU Youth Savings Accountby Opening a TFCU Youth Account

KidsAchieve Your Life Goals

April is Youth Savings Month...Help Your Child Learn to Save Money

FINANCIAL EDUCATION

Every child dreams about their future. Some of those dreams may require money to come true. How do you help your children achieve their dreams? One way is to help them learn how to save their money.

In April, TFCU is celebrating Youth Month, a program that helps teach and encourage kids to develop good financial habits. It has been proven that if you start with small goals, saving money can become a regular habit. This year’s Youth Month inspires children to begin saving the money they earn so they can attain their dreams of a happy future.

Bring your child by to open a TFCU Youth Savings Account. Not only will your child earn 3.00% APR* interest on their first $1,000, but if they are 10 years of age or younger, they’ll also receive a copy of The Berenstain Bears Visit the Credit Union book, a bookmark and their own account card.

*Annual Percentage Yield (APY) effective 4/1/18 and is subject to change without notice. 3.00% APY is earned on balances up to $1,000 on Youth Savings Accounts; balances higher than $1,000 currently earn 0.10% APY. New accounts only. A Cub Account is a Youth Savings Account for children ages 10 and under. Calculated rate, which is shown on account statement, is based on first $1,000 at 3.0% APY then anything above $1,000 calculated at 0.10% APY which is current Regular Savings Account APY. Special rate limited to one Youth Savings Account per member. Fees or other conditions could reduce earnings. Consumer accounts only. Certain restrictions may apply. Youth Savings Account up to age 18. Over 18 automatically converted to a basic savings account. Membership conditions may apply. $1 balance required to open account. † Subject to membership eligibility.

For more information on either of these products, please contact a representative in our Call Center at

631-698-7000, extension 6790.*APR: Annual Percentage Rate. Rates and terms accurate as of 3/20/18. All rates and terms are subject to change without notice. Term: 180 Months. Daily Periodic Rate is 0.0075%. Rate applicable for terms up to 120 months. Higher terms are available. Ask for details. HELOC max $500,000 (up to 80% of home value, rate shown for 80% max. LTV). Lines up to $100,000 require $10,000 min. advance & must maintain a balance of $5,000 for 36 months to avoid re-payment of closing costs. Lines $100,001 - $250,000: $60,000 advance & maintain a balance of $50,000 for 36 mos. to avoid repayment of closing costs. Lines $250,001 - $500,000: $150,000 advance & maintain a balance of $100,000 for 36 mos. to avoid repayment of closing costs. Variable rate equal to the Wall Street Journal Prime Rate (4.50% as of 3/6/2018) as published 30 days prior to interest rate adjustment date, applied at loan origination. After 12 month period, a 1% maximum rate adjustment is allowed per quarter. Rate will not exceed 18% over the life of the loan. Appraisal will be required. Primary residence – New York only. Ask for details. Membership conditions may apply. **APR: Annual Percentage Rate. All rates and terms are subject to change without notice. Rates/terms accurate as of 3/20/18. Rates will be based on credit history. Rate shown is the lowest available. Applicants not approved at these rates or terms may be offered credit at a higher rate or term. Lien must be in first position on the subject property. Appraisal will be required. Primary residence – New York only. Ask for details. Membership conditions may apply.

NO CLOSING COSTS!

2.74%

Interest-Only Home Equity Line of Credit

ADJUSTABLE RATE

APR*

NO CLOSING COSTS!3.50%

First Lien Position Mini-Home Equity Loan

FIXED RATE60-120 Month Term

APR**

Planning Home Improvements this Spring? HOME

Let TFCU Help with Your Funding Needs!

Financial Services Representatives at other branches:

Stephen Abbott, CLU, ChFCFinancial Advisor2410 North Ocean Avenue, Farmingville, NY 11738(631) 698-7000, ext. 3692

Chris Hibbard, ChFC, CRPC, CFSVice President, Wealth Management5439 Sunrise Hwy., Holbrook, NY 11741(631) 698-7000 ext. 6020

2

Certificate Account Specials

18-Month

1.90APY*

%Minimum Opening Balance $1,000

Savings federally insured to $250,000

All rates and terms are subject to change without notice. *APY: Annual Percentage Yield. Rates and terms are effective 3/23/18. A penalty may be imposed for early withdrawals.

SAVINGS

Limited Time Offer!

30-Month

2.50APY*%

TFCU’s Annual Meeting will be held on Monday, April 23, at 6 :00 pm at TFCU’s Main Office in Hauppauge. All members are welcome.

HOME

All rates and terms are subject to change without notice. *APR: Annual Percentage Rate. Rates & terms accurate as of 3/20/18. Maximum loan amount is $453,100. Pay $4.92 per $1,000 borrowed for 30-year fixed rate mortgage at 4.31% APR. Taxes, insurance and other costs will result in a higher monthly payment. Primary residence only. This is not a commitment to lend. If your down payment is less than 20% of the home’s value, you will be subject to private mortgage insurance, or PMI. Applicants who are not approved at these rates or terms may be offered credit at a higher rate and/or different terms. Rate shown is for purchase or refinance, up to 80% financing. Other rates and terms available for loan to values above 80%. **APR: Annual Percentage Rate. Rates & terms accurate as of 3/20/18. Jumbo mortgages available from $453,001 up to $3,000,000. Pay $4.63 per $1,000 borrowed for 10/1 Adjustable rate jumbo mortgage at 4.24% APR. Rates fixed for 10 years. Subsequent adjustments made annually. 2% annual cap; 5% lifetime cap. Margin 3.00%. Index: 1 year Constant Maturity Treasury (CMT).Taxes, insurance and other costs will result in a higher monthly payment. Primary residence only. This is not a commitment to lend. If your down payment is less than 20% of the home’s value, you will be subject to private mortgage insurance, or PMI. Applicants who are not approved at these rates or terms may be offered credit at a higher rate and/or different terms. Rate shown is for purchase or refinance, up to 80% financing. Other rates and terms available for loan to values above 80%.

We Offer Fixed Rate Mortgages up to $453,100

and Jumbo Mortgages up to $3,000,000!

APR*

RATE

30-YearFixed Rate Mortgages

Rates as low as

4.25%

4.31 %No Points.

APR*

RATE

10/1 Adjustable Rate Jumbo Mortgages

Rates as low as

3.75%

4.24 %No Points. Other Adjustable and Fixed Terms Available.

APR**

RATE

TFCU Offers Jumbo Mortgages up to $3,000,000 with 80% financing & up to

$1,000,000 with 90% financing & PMI approval.

ENERGY SAVINGS

*Annual Percentage Yield (APY) accurate as of 3/20/2018. All rates and terms are subject to change without notice.

TFCU is pleased to announce that we have partnered with National Energy Connection (NEC), located in Plainview, to make solar energy a possibility for our Long Island members.

If you’re interested in “going solar” check out what NEC has to offer, then turn to TFCU to fulfill your financial needs.

We are offering our members:• Unsecured loans for up to $35,000• Low fixed annual percentage rates of up to 7.99%*• Flexible repayment terms of up to 96 months• No interest and no payments for the first 24 months• UCC-1 filing required• Loan is exclusive to NEC customers only

For more information on this or any loan TFCU offers, speak to a representative at631-698-7000, extension 3700 or visit www.TeachersFCU.org.

All rates and terms are subject to change without notice. *APR: Annual Percentage Rate. Rates and terms are effective 3/20/18. Rate will be based on credit history. Rate shown is lowest rate available. Applicants who are not approved at these rates or terms may be offered credit at a higher rate and/or different terms. Rates not available on Buy Rite Plus balloon loans or leases. Not eligible for Educated Choice, Auto Transfer. Pay just $17.51 for every $1,000 borrowed with a 60-month term at 1.95% APR for new auto loans. Pay just $17.74 for every $1,000 borrowed with a 72-month term at 2.49% APR for used auto loans.

Fast Approval & Low Rates!• Finance up to 100% of the purchase price - including sales tax and warranty.

• Take advantage of our quick approval process.

• Lower your payment by refinancing your car loan from another lender with us.

New AutoNew rates as low as

1.95%APR*

Used Auto

for up to 72 monthsFull Financing Available

Maximum 4 Model Years Old (Inc. Current Year) Other Rates/Terms Available

New rates as low as

for up to 60 months

Get Pre-approved and Save!

APR*2.49%AUTO

TFCU’s New Solar Energy LoanWelcome to the TFCUniversity Business Clinic series – events held specifically for owners and leaders of Long Island businesses. We partnered with industry experts to bring you cutting-edge topics and trends you need to succeed here on Long Island.

Topic: Retirement Savings for Small Business Owners When: Thursday, April 19 Networking will begin at 7:45 am; the program will begin at 8:00 am Where: TFCU’s headquarters: 102 Motor Pkwy in Hauppauge. Continental breakfast will be served.

Registration is free, but seating is limited. Register at www.TeachersFCU.org/TFCUniversity

Please call 631-698-7000, extension 3024 with any questions.

Popmoney®

3 TFCU’s Annual Meeting will be held on Monday, April 23, at 6 :00 pm at TFCU’s Main Office in Hauppauge. All members are welcome.

Win $2,500 for CollegeTFCU will award $2,500 scholarships to six high school seniors who plan to continue their education.

To be eligible, the student must be: • Graduating from high school this spring • Attending an accredited college, vocational, or trade school in

the fall (If selected, you will need to provide us with a letter of acceptance from the school you plan to attend.)

One Entry

Per Student

• A member (or one parent a member) of TFCU by the date of the drawing. (A savings account, with a minimum balance of $1.00 is required for membership.)

To enter, apply online no later than Friday, April 27, 2018. Six names will be drawn in early May. All winners will be notified by mail and a list of winners will be posted in all branches.

Apply on our website. Look for the “Annual Scholarship Drawing” link on our home page, under the “What’s New @ TFCU” heading.

*Family members of TFCU’s employees and officials are not eligible to enter.

EDUCATION

TFCU has teamed up with Brookhaven Town to offer members E-Waste, Drug Takeback and Paper Shredding Days. Held on Saturdays, from April 7 – November 3, please visit www.brookhavenny.gov or telephone 631-451-8696 to find a date and location near you.

TFCU Sponsors 12 Brookhaven Town Shredding Days

SERVICES

TFCU is committed to helping our members prevent identity theft by encouraging the proper destruction of sensitive documents.

All documents will be shredded on site. To witness the shredding of your documents, you must wait in a line of cars to drop off your papers at the collection site, move your car off the line into a parking spot and walk back to the shredding area. Once the collection bin is full, you can then watch your documents being destroyed.

This event is being sponsored by AARP.

Fight Identity Theft on June 9! Shredding Day in Nesconset

Where: TFCU’s Nesconset Branch, located at located at 127 Smithtown Blvd

When: Saturday, June 9 (rain or shine)

Time: 10:00 a.m. until 12:00 noon

What: Up to 50 pounds of personal documents

Is there a charge for this service? No, TFCU is offering this as a free service to our members and neighbors. For information, visit www.TeachersFCU.org or call 631-698-7000, extension 3024.

PAPER ONLY

TFCU Introduces Popmoney® and Funds Transfer ServicesPopmoney service offers members the ability to send and receive money through email, mobile, or bank account using their TFCU account. It works by logging into online banking, under Move Money, select P2P. Funds take three business days to receive and it’s limited to $500 a day with a $2,500 monthly max. This is a free service for our members when used within TFCU’s online banking system.

Popmoney can be used to:• Send money to your child at college• Send a gift to family and friends• Pay back friends for an outing• Pay your babysitter or lawn care service• Pay rent to your landlord or roommates

Popmoney is secure to use. Your account information will not be shared with the recipient, all they will see is your name and the message that you write to accompany the payment.

Funds Transfer service is the ability to transfer funds from your TFCU account to an account you own at another financial institution. It works by logging into online banking, under Move Money, select Funds Transfer. The account you send to must be yours, it cannot be sent to another person’s account. Limits for Funds Transfer are $3000 a day, up to $15,000 a month.

NEW SERVICE

Topic: Retirement Savings for Small Business Owners When: Thursday, April 19 Networking will begin at 7:45 am; the program will begin at 8:00 am Where: TFCU’s headquarters: 102 Motor Pkwy in Hauppauge. Continental breakfast will be served.

† Facility employees only

Branch Locations

Convenient Loan Call Center Hours 24/7 Loan Information & Applications

631-698-7000, Ext. 6790.

TFCU’s Routing Number: 221475786

Check www.TeachersFCU.org for all of our GREAT RATES!

twitter.com/TFCU

Board Of DirectorsTimothy M. Southerton, ChairmanGeorge L. Dornhoefer, Vice ChairmanJuan C. Nuñez, TreasurerApril S. Neitlich, SecretaryRaymond P. GrossmanRonald A. MincioRobert J. NeyMario P. ShortinoShalei V.K. SimmsF. Jane Harris, Director EmeritaFrank D. Spencer, Director Emeritus

Executive ManagementRobert G. Allen, President/CEO Thomas A. Fallon, EVP/COO

Supervisory CommitteeJames F. Nohe, ChairmanMark O. Israel, SecretaryAlan R. Fertmann Eric J. Iberger April S. Neitlich

Amityville - 355 Broadway (Rte. 110)Bay Shore - 3rd Ave. and Sunrise Hwy. Brookhaven National Lab†

400 Brookhaven AvenueCenter Moriches - COMING SOON! Central Islip - 118 Wheeler RoadCommack - 10 Vanderbilt Pkwy.East Northport - 556 Larkfield RoadEast Meadow - COMING SOON!Farmingville - 2410 N. Ocean Ave.

Hauppauge - 102 Motor Pkwy.Holbrook - 5439 Sunrise Hwy.Huntington - 211 East Main StreetKings Park - 742 Route 25A NOW OPEN!Manorville - 460 County Road 111 Merrick - 1638 Merrick Rd. Nesconset - 127 Smithtown Blvd. North Babylon - 1134 Deer Park Ave.North Massapequa - 4250 Jerusalem Ave. Oakdale - 951 Montauk Hwy.

Patchogue - 31 W. Main Street, Suite 23 Port Jefferson Station - 450 Jefferson Plaza (Rte. 112)Riverhead - 176 Old Country Rd. (Rte. 58)Rocky Point - 561 Route 25A Selden - 301 Independence Plaza, (Rte. 25)Shirley - 437 William Floyd Parkway. Smithtown - 1 West Main StreetSouth Setauket - 260-A Pond PathWading River - 6257 Route 25A

631-698-7000 • 1-800-341-4333**Outside the Long Island, Westchester and New York Metro areas.

TFCU HEADQUARTERS Located at: 102 Motor Pkwy, Hauppauge, NY

Mail: P.O. Box 9005, Smithtown, NY 11787www.TeachersFCU.org

While consistent effort is made to ensure the integrity of information contained in this publication, material should not be considered legal,

financial or professional advice. Terms and conditions apply. Please speak to a representative for details.

facebook.com/TeachersFCU

FINANCIAL SERVICES

0003782-0613 © CUNA Mutual Group. Securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor. CBSI is under contract with the financial institution to make securities available to members. Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution.

Whatever your stage of life, we are here to help you with top-notch financial

and investment advice, and a full spectrum of tools and options designed to

help you achieve your dreams – all as close and convenient as our office.

Contact a financial advisor at our office today.Manorville – Ron RebaldoNesconset – Micki Cahill

Financial Services Representatives at other branches:

Stephen Abbott, CLU, ChFCFinancial Advisor2410 North Ocean Avenue, Farmingville, NY 11738(631) 698-7000, ext. 3692

Frank PecorellaFinancial Advisor3rd Avenue & Sunrise Hwy., Bay Shore, NY 11706631-698-7000, ext. 6925

Chris Hibbard, ChFC, CRPC, CFSVice President, Wealth Management5439 Sunrise Hwy., Holbrook, NY 11741(631) 698-7000 ext. 6020

Sergio MessinaFinancial Advisor102 Motor Parkway, Hauppauge, NY 11788631-698-7000, ext. 2453

Tom Sconzo Financial Advisor561 Route 25A, Rocky Point, NY 11778 631-698-7000 ext. 3367

SPECIAL PROMOTION

Kings Park Now Open! Located at 742 Route 25A, next to CVS.

BRANCH HOURS: Monday – Wednesday: 8:30am – 4:30pmThursday – Friday: 8:30am – 6:00pmSaturday: 8:30am – 4:30pm

NEW BRANCH

Walk-Up and Drive-Up Full Service Video Tellers/ATMs available.FREE Coin Machine Service for Members.

KINGS PARK BRANCH ONLY

Stop By and Visit Our New State-of-the-Art Facility to Enter TFCU’s FREE Raffle Drawing* to win an Amazon Device Package

or a chance to win one of ten $50 CVS Gift Cards!

* All entries must be received by our Kings Park branch by 5/18/2018. Drawings will be held on or about 5/21/2018. TFCU reserves the right to substitute gifts of similar value. Visit branch for details. Amazon® and CVS® are not participants or sponsors in this promotion. Membership conditions may apply.