Erie Federal Credit Union
F nanc al Solut ons www.eriefcu.org
Proud of the Past Prepared for the Future...
Glenwood Corporate HQ & Full Service Branch 3503 Peach Street
Federally insured by NCUA
MESSAGE FROM THE CEO A New Landmark in Erie After more than four years in planning and design, and sixteen months of construction, the transformation of the previous Glenwood Elementary School is nearing completion. This facility will provide members with a new full-service branch location and will become the home of Erie Federal Credit Union’s new headquarters. In addition to providing more than 80 years of service to our local community, our investment in this project further confirms our commitment to our members and the neighborhoods in which we serve. Erie FCU provides financial solutions from local people you trust. Local - Our goal would not have been any different. From the beginning, it was extremely important to us that we ensured the majority of the economic impact generated by this project stayed local, right here in Erie. This is why we partnered with a highly talented team of local architects, planners, designers, contractors, artisans, vendors, and suppliers. We were successful in delivering on this promise and the local providers we engaged delivered as well. On behalf of everyone at Erie Federal Credit Union, I would like to thank each and every one of those who assisted in bringing our new Glenwood Headquarters and full-service branch location to fruition. Your long hours and quality of work are recognized. We can all be very proud of what we have accomplished together.
“We can all be very proud of what we have accomplished togther.”
Erie Federal Credit Union is extremely honored to be introducing a new landmark to the city of Erie while maintaining a link to our collective history. We invite you and your family to come visit us and see the difference a credit union membership can make. The official grand opening of this new facility is scheduled for June 20, 2017. Watch for more information on this proud day and additional information on upcoming events and promotions. We look forward to seeing you soon.
Brian J. Waugaman
MORTGAGE • BUSINESS • AUTO • PERSONAL
ur new corporate headquarters and full service branch at 3503 Peach Street is almost complete!
We are very excited for our members and the community to see the finished product. Be on the lookout for grand opening celebration announcements soon!
Get the information you need to make the right decisions for you and your family. Seminars are free and open to the public. Seating is limited so register today at www.eriefcu.org/seminars
• April 25th - Women & Investing • April 25th - Understanding Credit Scores & Reports • April 26th - Home Buying & Mortgage Loans
Looking for a New Home? Get PRE-QUALIFIED First
Seminars are held at the Bel-Aire Clarion Hotel & Conference Center 2800 W 8th Street.
No one wants to fall in love with a home only to find out later that they qualify for a mortgage much below the list price. Being pre-qualified is a conditional approval for a mortgage and allows you to focus on finding the perfect home in your price range. Best of all, once you have completed our Online Mortgage Application; your information will be reviewed for instant pre-qualification. Apply at www.eriefcu.org/mortgage
Home Equity Line of Credit An Erie FCU Home Equity Line of Credit allows you to borrow against your home’s equity. Open up a HELOC from $5,000.00 to $150,000.00 - Use the cash for home improvements, tuition, or other major purchases; or use the money to pay off higher-interest debts and save! Home Equity Line of Credit Introductory Rate Offer! Now with a special intro rate of 1.99% APR* for the first 6 months! After introductory period, rates are as low as 3.00% APR! With our HELOC: • Access the money when you need it • No or low closing costs or annual fees • Interest charged on only what you use • Interest on your loan may be tax deductible** Loans subject to credit approval. Rates, terms and conditions vary based on creditworthiness, qualifications and collateral conditions and are subject to change based on market conditions and borrower eligibility. *After the introductory period, the annual percentage rate is variable, based on the Prime rate published in the Wall Street Journal, plus or minus an index; Maximum APR is 18.00%. Property insurance required. Certain restrictions apply. Membership eligibility required. ** Consult your tax advisor for tax deductibility of interest. NMLS# - 414454
All seminars are for informational purposes only. Registration starts at 5:30 PM Seminar begins promptly at 6:00PM
Smart Option Student Loan® by Sallie Mae®
Now you can pay for college the smart way with three great repayment options and competitive interest rates! This loan is an ideal solution to help you pay for college expenses not covered by scholarships and federal loans. Features and Benefits: • We offer a choice of competitive fixed and variable interest rates providing even more choice and flexibility • No origination fees and no prepayment penalty • Multiple in-school repayment options available • Borrower benefits available – like rewards and interest rate reductions • Rates that reward creditworthy borrowers • Applying with a creditworthy cosigner may help you qualify and/or receive a lower rate • 24/7 online account management To learn more, check out www.eriefcu.org/studentloans
Buy, Sell, SAVE
On Your Home Buying Costs Whether you’re in the market to buy or sell a home, you can save hundreds or even thousands of dollars through our Realtor Rebate Program*. We have partnered with a group of experienced local real estate agents to provide the best service, professional advice, and best of all, extend to our members a rebate of 25% of their commission. For more information: www.eriefcu.org/mrrp *To participate in Erie FCU’s Realtor Rebate Program, you must register prior to signing a Real Estate Sales Contract. Rebate information provided to member in listing/purchase agreement. Realtor Rebate Program limited to participating agents. Contact the credit union for complete details. Membership eligibility required.
Erie FCU members between the ages of 17 and 24, who are enrolled in a full-time undergraduate program, are invited to apply for the James J. DeDad Scholarships. The program provided by the Erie Chapter of Credit Unions will offer six scholarships totaling $8,000. Applications are available at any Erie FCU office or online at www.eriefcu.org/dedad and must be submitted by June 3, 2017. *Applicant must have a prime share account at the Erie FCU to be eligible.
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Annual Meeting & Breakfast
Earn Free Gas or a $50 Visa® Gift Card
Monday, May 15, 2017 Bel-Aire Clarion - 2800 W 8th Street
Visit any of our participating auto dealerships and present an AutoCash certificate for a free $20 gas card. If on your visit you find a vehicle and finance it with Erie FCU, present your AutoCash certificate and upgrade to a free $50 Visa® gift card. Learn more about the AutoCash Program by contacting the credit union or download the AutoCash flyer at www.eriefcu.org/autocash/
Doors Open: 9:00AM
Cost: $10 per person
*AutoCash is an independent program administered by AutoLine Marketing Group. Certificates must be presented at the participating dealership at time of visit and gift cards will be mailed within two weeks of redemption.
Your Perfect Car is Just a Click Away
Breakfast: 9:30AM Menu: Breakfast Buffett Tickets must be purchased prior to May 1st. No exceptions. Annual meeting will commence after breakfast. There is no charge to attend the meeting only.
SPRING Member Savings! Use your Erie FCU Platinum MasterCard or Debit Card when purchasing tickets. For cash purchases use your member ID at box office. It’s that easy!
Use Erie FCU’s online car-buying resource, and browse thousands of new, used and certified pre-owned vehicles from different dealers. Powerful research tools - Compare and research the car, SUV, RV or motorcycle that’s right for you. Choose from multiple dealers online - Browse a large selection of inventory right from your desktop, laptop or mobile device. Check the value of your trade-in - Our online resource can provide you with an estimate for your current car’s trade-in value before you go to the dealership. Get pre-approved financing - For low rates and payments, get pre-approved for a car loan from Erie FCU. Visit www.eriefcu.org/cudl today.
Give A Hoot-SAVE! April is National Credit Union Youth Savings Month™ and it’s never too early to start a Nest Egg. Every Friday in April, five winners will be chosen at random to win a $10 Nest Egg savings deposit. All young members (age 17 and under) will be automatically entered to win.
• Broadway In Erie – 10% discount on tickets. Password for online purchases is EFCU. • Erie FCU – “Sunday Family Fun Day” with the Erie SeaWolves! Every Sunday home game, buy a regularly priced Sunday ticket and receive a voucher for a free Smith’s hot dog and fountain drink for each ticket purchased. (Limit 4 vouchers per person. Offer valid at stadium box office only. Not available for online purchases.) • Erie County Historical Society – Members can find discounts on various ECHS events throughout the year! “Sacrifice, Valor, & Grit - Erie County in the Civil War” exhibit is now open through Labor day.
Financial Statistics Financial Data as of February 28, 2017 Assets..................................$469,884,424 Deposits..............................$417,782,501 Loans...................................$225,010,141 Members.............................54,797
Open a new savings account and receive a $5.00 deposit with this coupon. *Account be be opened for afor newa member age 17 and One coupon percoupon social security number and *Accountmust must opened new member ageunder. 17 and under. One per social cannot be combined any other offer. Account must remain for Account one year or $5.00 depositopen will be Federally insured by NCUA security number andwith cannot be combined with any otheropen offer. must remain Federally insured by NCUA for one year or $5.00 deposit eligibility will be forfeited. Offer valid 4/1/2017-4/30/2017. GL-PUMP.O forfeited. Membership required. Offer valid 4/1/2017-4/30/2017. GL-PUMP.0
The ABCs of IRAs
This popular retirement savings vehicle comes in several varieties. What don’t you know? Many Americans know about Roth and traditional IRAs … but there are other types of IRAs. Here’s a quick look: Traditional IRA (or deductible IRA) is an individual savings plan for anyone who receives taxable compensation. IRA assets may be invested in any number of vehicles, and contributions may be tax-deductible. Earnings in a traditional IRA grow tax-deferred until withdrawal, but will be taxed when withdrawal begins - and withdrawals must begin by the time the IRA owner reaches age 70½.
Your Financial Team
Roth IRA offers you tax-free compounding, tax-free withdrawals if you are older than age 59½ and have owned your account for at least five years, and the potential to make contributions to your IRA after age 70½ without having to take RMDs. SIMPLE IRAs are qualified retirement plans for businesses with 100 or fewer employees. SEP stands for Simplified Employee Pension. These traditional IRAs are set up by an employer for employees and funded by employer contributions only. Spousal IRA is actually a rule that lets a working spouse make traditional or Roth IRA contributions on behalf of a non-working or retired spouse. Inherited IRA is a Roth or traditional IRA inherited by a non-spousal beneficiary. Group IRA is simply a traditional IRA offered by employers, unions, and other employee associations to their employees, administered through a retirement trust. Rollover IRA. Assets distributed from a qualified retirement plan may be rolled over into a traditional IRA, which may be converted later to a Roth IRA. Education IRA (Coverdell ESA) provides a vehicle to help middle-class investors save for a child’s education. Consult a qualified financial advisor regarding your IRA options. There are many choices available, and it is vital that you understand how your choice could affect your financial situation. No one IRA is the “right” IRA for everyone, so do your homework and seek advice before you proceed. To schedule your no cost no obligation appointment with Erie Advisors, please call Program Coordinator Stacey Iadeluca at 825-2436 opt. 1 ext. 1624 today!
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. This material was prepared by MarketingLibrary.Net Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information should not be construed as investment, tax or legal advice. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy.
OUR CHECKING ACCOUNT OPTIONS–
They’re Worth Checking Into! Our checking has the same bells and whistles as the big banks, but we keep things simple. No surprises and no hidden fees. Simply put: One is free and the other earns you money!
Free Checking that’s really FREE! (For real. We’re not kidding.) • No minimum daily balance • No monthly maintenance fee
Dividend +Plus Checking* With our Dividend +Plus checking earn 2.27% APY for doing many of the things you already do! Just open or convert your account and start earning today! To qualify, each calendar month you must:
Holiday Hours & Closings Memorial Day Monday, May 29, 2017 All offices will be closed Independence Day Tuesday, July 4, 2017 All offices will be closed
Important Information Routing Number: 243380927 Website: eriefcu.org E-mail: firstname.lastname@example.org
• Maintain a $500 average daily balance • Clear at least 15 PIN or signature-based Debit Card purchases • Enroll in EZ Bill Pay™ – submit and post at least 1 bill payment • Sign up for EZ Money Manager™ & EZ e-statements™ Both Checking options offer: • FREE 24/7 account access with Mobile and Online Banking • FREE Debit MasterCard® • Local ATM locations with 38,000 ATMS shared nationally
E-Z Phone: 814.825.2436, Option 9 Toll Free: 800.480.0494 Debit MasterCard® or STAR Card®:
800.523.4175 (After Hours) MasterCard® Credit Card Lost/Stolen:
866.604.0381 (After Hours)
*Annual Percentage Yield (APY) of 2.27% is applicable for qualifying balances up to $25,000. Balances over $25,000 will earn an APY of 0.10%. APYs are accurate as of February 1, 2017. Membership eligibility required. Fees may apply if applicable requirements are not met.
Coming Soon: A New eriefcu.org! Erie FCU is proud to announce that a revised website is on its way.
This new exclusive cash rewards offer is our best one EVER! Now, as a credit union member, you can earn $100 for every line when you switch to Sprint® Here’s how it works: • Members get a $100 cash reward for every new line when you switch to Sprint®. • Current Sprint customers will receive a $50 cash reward for every line transferred into Sprint Credit Union Member Cash Rewards. • Plus, get a $50 loyalty cash reward every year for every line Here’s how to sign up for Sprint cash rewards: 1. Become a Sprint customer 2. Register at LoveMyCreditUnion.org/SprintRewards or in the Love My Credit Union Rewards® app 3. Allow up to six to eight weeks to see cash rewards directly deposited into your credit union account!
The brand new eriefcu.org will be designed to give you a better sense of the products and services that we have to offer. It will feature a modern responsive design, meaning the design will respond as you switch from your desktop/laptop to tablet or mobile phone! You’ll also find financial resources with online tips and tools, a helpful site-search feature, and quick links to your favorite pages. Please take some time to explore the new website and don’t hesitate to provide us with any feedback -- we’d love to hear from you! We plan on making continued enhancements to help make this a better resource for you, our member owners.
Make the switch today and save with the Sprint Credit Union Member Cash Rewards! eriefcu.org
1959 East 36th Street • Erie, PA 16510-2663
Office Locations & Hours of Operation
Drive Thru Hours: Monday-Thursday: 9AM-5PM Friday: 9AM-6PM Saturday: 9AM-3PM
814.825.2436 • 800.480.0490 • eriefcu.org
Main Office 1109 East 38th Street Erie, PA 16504 Fax: 814.825.2046
State Street Office 518 State Street Erie, PA 16501 Fax: 814.455.9072
Lobby Hours Monday-Thursday: 9AM-5PM Friday: 9AM-6PM Saturday: 9AM-1PM
Lobby Hours Monday-Thursday: 9AM-5PM Friday: 9AM-5:30PM
Peach Street Office 1825 Downs Drive (Walmart Supercenter) Erie, PA 16509 Fax: 814.864.0346
Bayfront Office 1005 Greengarden Road Erie, PA 16501 Fax: 814.452.3327
Drive Thru Hours: Monday-Wednesday: 9AM-5PM Thursday-Friday: 9AM-6PM Saturday: 9AM-3PM
Lobby Hours Monday-Friday: 10AM-7PM Saturday: 10AM-3PM Sunday: 11AM-3PM
Lobby Hours Monday-Thursday: 9AM-5PM Friday: 9AM-6PM
32nd Street Office 1220 West 32nd Street Erie, PA 16508 Fax: 814.864.1270 Lobby Hours Monday-Thursday: 9AM-5PM Friday: 9AM-6PM
Buffalo Road Office 2436 Buffalo Road Erie, PA 16510 Fax: 814.899.2783
Edinboro Office 101 Washington Towne Blvd. Edinboro, PA 16412 Fax: 814.734.8606
Lobby Hours Monday-Thursday: 9AM-5PM Friday: 9AM-6PM Drive Thru Hours: Monday-Wednesday: 9AM-5PM Thursday-Friday: 9AM-6PM Saturday: 9AM-3PM
Zuck Road Office 5500 Zuck Road Erie, PA 16506 Fax: 814.838.1095
Drive Thru Hours: Monday-Friday: 9AM-6PM Saturday: 9AM-3PM
Lobby Hours Monday-Thursday: 9AM-5PM Friday: 9AM-6PM Drive Thru Hours: Monday-Wednesday: 9AM-5PM Thursday-Friday: 9AM-6PM
Lobby Hours Monday-Thursday: 9AM-5PM Friday: 9AM-6PM Saturday: 9AM-1PM
Erie FCU No Surcharge & No Fee ATMs
Glenwood Office 3503 Peach Street Erie, PA 16508
Grand Opening June 2017!
As an Erie FCU member, you can make withdrawals and deposits at our ATMs or Fast Branch/ATMs using your Erie FCU Debit MasterCard® or STAR® Card and you will not be charged a surcharge or Out-of-Network Fee. For a current listing of all ERIE FCU ATMs, visit eriefcu.org/atms