FINANCE YOUR EDUCATION WITH SEABOARD

Looking for answers on how to pay for education after High School? Sometimes your savings and

financial aid options aren’t enough to cover the full cost of your education. Seaboard offers education loans through TheLoanForME.com and provides the tools and resources to become a more informed borrower. Make this website your first stop if there is a gap between the cost of higher education and your resources: savings, scholarships, awards, grants and federal loans. At TheLoanForME.com you can:

• Understand your financial wellness so you are more prepared to manage costs of higher education.

• Find tips, videos and interactive tools that help you reduce your expenses and borrow less.

• Determine whether borrowing is right for you, and if so, select the loan that meets your needs.

Apply today at www.seaboardfcu.com

It’s easy, convenient and sensible!IMPORTANT: If you refinance or consolidate any federal education loans, you will no longer be eligible for the benefits tied to your original loans such as income-based repayment plans, forbearance and deferment options and loan forgiveness programs. When determining what loans (private and federal) you wish to refinance, be sure to weigh the pros and cons of doing so. Federal loans come with some benefits that may or may not apply to you. Some examples of those benefits are loan forgiveness programs for certain professions, the option to postpone payments based on financial hardship, and a wide variety of payment plans. These benefits and protections do not transfer to private loans.

A Quarterly Publication for Members of Seaboard Federal Credit Union

Summer 2018

WINWITH EVERY HOME

EQUITY PRODUCT OPENED*, YOU WILL BE ENTERED FOR A CHANCE TO

WEBER™OUTDOOR GRILLS!!**

ONE OF THREE

GRILLWE WON’T

YOU FOR A HOME EQUITY.

RATES AS LOW AS

3.74%APR

TURNAROUND!!

FAST TURNAROUND!!

FAST*Subject to credit approval. Membership eligibility required. UChoose points will be applied once loan has been opened. RATE AS LOW AS 3.74% Annual Percentage Rate(APR) e�ective 05/01/2018 till June 30 2019 at which time the APR will be the

variable rate at Prime Lending Rate as quoted in the Wall Street Journal APR will never exceed 18%. Maximum loan –to-value ratio is 90%. Property insurance required. Must be your primary residence in Maine. All loan programs are subject to change at any

time without notice. Credit Union will pay up to $175.00 in closing cost fees, if an appraisal is required this becomes the members responsibility. No documentation fee, no pre-payment fee.

** You will be entered into a drawing to win one of three outdoor grills with every home equity product opened. Drawing to be held July 31, 2018.

seaboardfcu.com · 1-800-639-2206

With every home equity product opened,* you will be entered

for a chance to

WINONE OF THREE

WEBERTM

OUTDOOR GRILLS!**

WE WON’T GRILL YOU FOR A HOME EQUITY

*Subject to credit approval. Membership eligibility required. HELOC rate will be 3.74% Annual Percentage Rate (APR) from 5/1/18 – 6/30/19. After 6/30/19 the APR will be the variable rate based on credit score and Prime Lending Rate as quoted in the Wall Street Journal. APR will never exceed 18%. Maximum loan-to-value is 90%. Property insurance required. Must be your primary residence in Maine. All loan programs are subject to change at any time without notice. Credit Union will pay up to $175.00 in closing cost fees; if an appraisal is required this becomes the member’s responsibility. No documentation fee, no pre-payment fee.

** You will be entered into a drawing to win one of three outdoor grills with every home equity product opened. Drawing to be held 7/31/18.

CONSOLIDATE YOUR STUDENT LOAN DEBTCombining student loans into one new loan can potentially result in a lower single monthly payment at a lower interest rate, which are reasons borrowers consider Seaboard for consolidating or refinancing their student loans. Here are a few things to consider:

• Are your monthly payments manageable? If you have trouble meeting your monthly payments, have exhausted your deferment and forbearance options, and/or want to avoid default, then consolidation or refinance may help.

• Are you making multiple payments? If you send payments to more than one lender every month, and want the convenience of a single monthly payment, consolidation or refinance may be right for you.

• What are the interest rates on your loans? Consolidating variable rate loans into a fixed rate or refinancing higher interest rate loans into a lower rate may be a reason you consider consolidation or refinance.

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IT’S NEVER TOO EARLY TO THINK ABOUT WINTER HEATING COSTS!

Seaboard can help you save money with the high costs of heating your home.

For a limited time, we are offering a low interest loan at only 2.99% APR* to help with the upcoming winter heating bills. You can get a loan up to $4,000 for heating oil, wood, propane, and pellets, even furnace repairs. The best part is that you have a year to

pay it back. You could say that Seaboard Federal Credit Union is “The smart place for your money.”

*Annual Percentage Rate. APR does not apply to existing SFCU loans. New money only. Per $4,000 borrowed for one year at 2.99% APR, 12 monthly payments of $338.92. Some restrictions apply. Must meet credit guidelines set forth by Seaboard Federal Credit Union. This offer extends until December 31, 2018.

THE BULLETIN BOARD

UPDATE YOUR INFORMATION If you have moved recently or your phone number has changed, you need to inform the credit union in writing so that we can keep your information on your account updated.

Also, check if the beneficiary is correct on your account. This information was most likely done when you first opened your account and many life event moments may have changed the status of the information that we have on file.

DEBT PROTECTION FOR LOANS

Seaboard can offer you disability, life and unemployment protection on your loans. Ask a loan officer how we can help today!

2018 BOARD OF DIRECTORS

Congratulations to Jim Duplessis and Don Sorey, who were reelected to the Board at the Credit Union’s Annual Meeting held in April. We appreciate their willingness to serve.

GAP PROTECTION

• GAP helps pay off your remaining loan balance if your vehicle is stolen or damaged and is declared a total loss.

• GAP helps clear your credit allowing you to start fresh with a new vehicle purchase.

• GAP is inexpensive and can be included as a small addition to your monthly payment.

All claims are subject to certain exclusions and benefit limitations.

• Auto deductible reimbursement pays up to five hundred dollars ($500) per loss (UNLIMITED losses per year) when a loss is filed and paid by the auto insurance company for a covered auto the member owns or leases evidenced by the title or registration AND insures under an Auto Insurance Policy designating the member as the named insured.

USE YOUR VISA® DEBIT/CREDIT CARD AND EARN POINTS AS YOU GO

Take your Seaboard Visa credit card along on vacation this summer and earn rewards every time you use it with our uChoose Rewards Program. Simply go to our website at www.seaboardfcu.com and be sure to sign up for this great program. uChoose rewards points can be used for gift cards, hotels, car rentals, airline tickets and more. Remember your debit

card also earns points if using the credit option and you can combine both your debit and credit card points for even more rewards.

2018 SCHOLARSHIP WINNERSEach year, your credit union offers scholarships to help students pursue their education dreams. Seaboard Federal Credit Union was pleased to present its 2018 scholarships to the following college students: J. Potter Eastern Maine Community College

J. Emery Maine Maritime Academy

T. Brenton Maine Maritime Academy

S. Warner University of New Hampshire

B. Fogg University of Maine Orono

Our Congratulations and Best Wishes to all!

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Deposit Products· Share Accounts· Share Draft (Checking)

Accounts· Business Accounts· Money Market Accounts· Member Privilege· Share Certificates· Individual Retirement

Accounts (IRAs) · Retirement Certificates· Club Accounts· Monty Moose Youth Savers

Club· Visa® Debit Card· Visa Gift Card

Loan Products· Visa and Visa Gold· New/Used Auto Loans· First Mortgages· Home Equity/Home

Improvement· Personal Loans· Consolidation Loans· Recreational

Vehicle Loans· Share-Secured Loans· Student Loans· Business Loans· PowerPay

Member Services· Home Banking· Apple Pay®, Android Pay®,

Samsung Pay®

· Bill Payer· CardValet®

· Mobile Banking· eStatements· E Services· E-Lerts· Phone System 24 (PS24)· Direct Deposit of Payroll,

Pension, and Social Security

· Drive-Up Service· Money Orders· Payroll Deduction· Night Deposit· Safe Deposit Boxes· Wire Transfers· Notary Services· Signature Guarantee· Shared Branching

SEABOARD SERVICESFREE4ME CHECKING ACCOUNTSIf you’re between the ages of 18-25, you’re eligible for a free4ME checking account! free4ME is the ultimate account for the 18-25 crowd. With free4ME* you get:

• $10 gift card (when you open a new account)

• No minimum monthly balance

• No monthly maintenance fee

• FREE debit card

• Oops! Refund (twice a year we reimburse your overdraft fees)

• Online/Mobile Banking

• Tips and resources that give you a head start at MaineCreditUnions.org

• Access to the Shared Branching & Surf ATM Network. Stop by today to see about opening an account!

* Must meet eligibility requirements.

AUTO LOANS: PUTTING YOU IN THE DRIVER’S SEATWith interest rates on auto loans that are typically a couple of points lower than at banks, credit unions are on a roll. In fact, credit unions extend loans at lower interest rates than banks,

have more flexible payment schedules, and require lower loan minimums (or none at all, in some cases).

But as important as rates may be, they aren’t everything. Consider these other reasons to choose CU financing for your car or truck, motorcycle or RV:

• Finance up to 100% of your purchase (including tax and title on a new car or truck)

• Choose a loan that suits your plans and your budget: one that lets you own your vehicle sooner, or another that allows the lowest possible payments

• Protect your wallet by including Guaranteed Asset Protection*(GAP) in your loan

• Obtain CU financing right at the dealership, in many cases

• Refinance an auto loan from another lender to lower your rate or your monthly payments

As always, we suggest shopping around for the best loan. But as millions of auto owners can testify, you’re likely to find the best deals on wheels right here at Seaboard Federal Credit Union.

* If your vehicle is stolen or totaled before the loan is paid off, GAP insurance pays the difference between its fair market value (the typical insurance reimbursement) and what you still owe.

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RATE BOARDCurrent rates as of 5/31/2018

Share CertificatesMaturity ................. Rate ............ APY* 3 Months ................. 0.50% .......... 0.50% 6 Months ................. 0.60% .......... 0.60% 12 Months ............... 0.80% .......... 0.80% 18 Months ............... 0.90% .......... 0.90% 24 Months ............... 1.50% .......... 1.51% 36 Months ............... 1.55% .......... 1.56% 48 Months ............... 1.65% .......... 1.66% 60 Months ............... 2.00% .......... 2.02% IRA Share CertificatesMaturity ................. Rate ............ APY* 3 Months ................. 0.50% .......... 0.50% 6 Months ................. 0.60% .......... 0.60% 12 Months ............... 0.80% .......... 0.80% 18 Months ............... 0.90% .......... 0.90% 24 Months ............... 1.50% .......... 1.51% 36 Months ............... 1.55% .......... 1.56% 48 Months ............... 1.65% .......... 1.66% 60 Months ............... 2.00% .......... 2.02%

Share Accounts Rate ............ APY*Share Savings ..........0.10% ..........0.10%Share Drafts .............0.00% ......... 0.00%Clubs ...................... 0.10% ......... 0.10%IRA ...........................0.50% ..........0.50%Money Market ..........0.50% ..........0.50%

Loan Type Rates as low as

Autos2015 & Newer ...............................2.49% 2011 – 2014 ...................................4.50% 2010 & Older .................................5.50%

Campers, RVs, Boats .....................5.25%

Motorcycles, ATVs, Snowmobiles ..2.99%

Share-Secured ...............................3.10% Equipment .....................................8.25%

Signature .....................................10.90% Open-End Line of Credit .............13.00%

Visa® Gold ......................................8.90% Visa® Classic .................................11.90%

Home Equity-fixed ....5 Year .........4.50% Home Equity-fixed ....10 Year .......5.00% Home Equity-fixed ....15 Year .......6.00%

Home Equity Line of Credit reset quarterly ...............................3.74%

Mortgage Rates - 10 Year Fixed ..... 4.25% Mortgage Rates - 15 Year Fixed ... 4.375% Mortgage Rates - 20 Year Fixed ..... 4.50% Mortgage Rates - 30 Year Fixed ..... 5.00%

Land (15 Years) ............................. 8.50%

Adjustable ARMs .......................... 3.75%

Camps/Seasonal (15 Years) .......... 7.50%

*Annual Percentage Yield. Rates subject to change.

Rates and terms are subject to change without notice. Actual Interest rates, terms and APRs are based on credit history and other factors. Federally Insured by NCUA

www.seaboardfcu.com

EQUAL HOUSINGOPPORTUNITY

177 Main Street P.O. Box G Bucksport, ME 04416 207-469-6341

200 Main Street P.O. Box 115 Ellsworth, ME 04605 207-667-8285

2410 Route 2 P.O. Box 6359 Hermon, ME 04402 207-848-9995

PS24: 207-469-7724

800-639-2206

Bucksport Office Hours

LobbyMon.–Fri.: 8:00a.m. to 4:30 p.m.

Drive-UpMon.–Wed.: 8:00a.m. to 4:30 p.m.Thurs.–Fri.: 8:00a.m. to 5:00 p.m.

Ellsworth Office Hours

LobbyMon.–Fri.: 8:00a.m. to 4:30 p.m.

Drive-UpMon.–Fri.: 8:00a.m. to 4:30 p.m.

Hermon Office Hours

LobbyMon.–Fri.: 8:00a.m. to 4:30 p.m.Saturday: 8:00a.m. to 12:00 p.m.

Drive-UpMon.–Fri.: 8:00a.m. to 4:30 p.m.Saturday: 8:00a.m. to 12:00 p.m.

HOLIDAY CLOSINGS

Independence Day Wednesday, July 4

Labor Day Monday, September 3

Columbus Day Monday, October 8

2018 Board of DirectorsTony Manzo, ChairAlan “AJ” Johnson, Vice-ChairJim Duplessis, Secretary/TreasurerWendy HaslamJeff KneelandJoe LynchDon Sorey

2018 Supervisory CommitteeNate Zmek, Chair Raymond SeamansBrittni Reed

ManagementKyle Casburn, President/CEO Lonnie SanAngelo, VP OperationsChad Desjardins, VP LendingDan Kelley, VP Finance, CFO, CCO Richard Cole, Branch Manager Lisa Fogg, Branch Manager

Credit Union StatisticsAs of May 31, 2018

Assets . . . . . .$122,121,300

Shares. . . . . .$109,450,500

Loans . . . . . . .$91,785,500

Members . . . . . . . . 13,243

Check out our YouTube channel by searching Seaboard FCU!

Stay on Top of Your Credit ReportOnly one website has been officially authorized to provide free credit reports:

AnnualCreditReport.com

You also can call 877-322-8228, or complete a request form and mail it to:

Annual Credit Report Request Service P.O. Box 105281 Atlanta, GA 30348-5281

Order your credit report for free from each credit bureau once each year.

Remember, you can access your credit report for free, but not your credit score.