Erie FCU - 2022 Summer Newsletter

Erie Federal Credit Union

F nanc al Solut ons Summer Newsletter 2022 www.eriefcu.org

REFI your Ride & Save!

Member-Only Discounts #Team AOK in the Community

Insured by NCUA

FROM THE CEO MESSAGE

Your Money Is Where You Are

Summer has finally returned to northwest Pennsylvania and so we return to travel, relaxation and planning ahead.

Convenience Erie Federal Credit Union strives to provide convenient, easy-to-use, and secure access to your finances no matter where you may find yourself. Whether you are planning a day trip, heading out to a relaxing vacation spot, or moving to greener pastures, plan on having Erie Federal Credit Union right there with you!

“A perfect summer day is when the sun is shining, the breeze is blowing, the birds are singing, and the lawnmower is broken” – James Dent

Online and mobile account access via the credit union’s EZ Money Manager™ platform provides you remote, 24/7 account access from anywhere you choose.

• Mobile Check Deposit – allows you to deposit a check anytime, anywhere with your mobile device.

• EZ Bill Pay™ – set-up one time or recurring payments for all your bills in one place.

• Alerts – configure text and/or email notifications to monitor activity within your account.

Keeping an eye on your finances is easy and convenient with EZ Money Manager™.

Shared Branching Did you know that Erie Federal Credit Union is part of the largest branch network in the country?

That is right, your credit union provides nation-wide access to your account at participating credit union branch and surcharge-free ATM locations through the COOP Shared Branching network.

Providing you access to 5,677 branches and over 30,000 ATM locations from coast to coast, Shared Branching allows you to perform routine transactions as if you were visiting your own credit union back home, including: account inquiries, deposits, withdrawals, transfers and loan payments.

To find a shared branch or non-surcharge ATM near you, visit www.co-opfs.org and click on ATM / Shared Branch Locator in the upper right or download the mobile app.

Protection We do all that we can to protect the integrity of your account, even when you are not watching. Erie Federal Credit Union invests heavily in automated fraud detection systems to ensure your account stays your account, remains secure, and beyond the reach of unauthorized access.

By informing us of your travel plans, we will do all we can to ensure your Erie FCU credit and debit card transactions go uninterrupted during your travels, and we can even provide you with information regarding any limitations that may exist in certain U.S. States or foreign countries.

Let Us Help You Have Some Summer Fun Summer provides endless opportunities to make memories that will last a lifetime.

Despite the headwinds from inflation, COVID, Ukraine, etc., credit union performance remains strong. We are committed to providing the best value in the marketplace as your financial partner and continue to monitor and adjust to the economic environment in which we operate. Erie FCU is offering several promotions this summer to benefit members, including our 1-1-60 Auto Refinance promotion, low rate Home Equity loan special, summer Skip-A-Pay and our best-in-market, 31-month certificate. Be sure to inquire about these and others promotions that have your best interests in mind!

Diversity & Development Our people are what truly drive the success of our credit union. Erie FCU is committed to establishing and maintaining a diverse workforce of qualified employees and volunteers, implementing policies and practices that treat all employees and volunteers equally, and, is committed to the inclusion of all persons to optimize the credit union experience. We continue to invest heavily in education and staff development to better position the credit union to serve your individual financial needs.

Fairview Branch Lastly, and definitely not least, plans for the new and much anticipated Fairview location continue to take shape. All development plans have been completed and forwarded for final approval and permitting. We are hopeful to break ground and begin construction later this summer. We look forward to serving Fairview and our west county communities.

On behalf of all of us here at Erie Federal Credit Union, we wish you and your family a very safe and memorable summer.

Brian J. Waugaman, CEO Page 2 |

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Summer Fun Has Arrived!

Sunday Truly is “Fun Day” with Erie FCU!

#Team AOK in the Community!

We started our Team Acts of Kindness (AOK) with one thought in mind… that every act of kindness makes our community a better place to live and work.

Erie FCU offers members great family savings at the ballpark! Every Erie SeaWolves Sunday home game, Erie FCU members can present an Erie FCU Mastercard, debit card or member ID (when purchasing tickets) at the UPMC Park ticket office to receive a free Smith’s Hot Dog and fountain drink with the purchase of a regularly priced Sunday ticket. Limit 4 hot dog/drink vouchers per member.

Learn more: www.eriefcu.org/sunday-fun-day

It’s our mission to empower our members, employees, and our friends to spread kindness and pay it forward!

Goodell GardensSummer Music Series Returns!

Hello Summer! Goodbye Payment!

Less Paying. More Playing!

Free up some extra cash by skipping your July or August loan payment.* This great offer lets you skip your loan payment without skipping out on summer fun – and it’s our way of saying thanks for choosing us as your Credit Union.

If you’re using Skip-a-Pay for a Personal, Auto, RV, Boat, or Motorcycle Loan, the fastest and easiest way to request your skip is in Erie FCU Online & Mobile Banking.

Get started 24/7! Log in to EZ Money Manager, at www.eriefcu.org, sign onto your account and choose Skip-A-Pay from the menu: • Click the loan payment that you would like to skip • Review your information, and click Skip. It’s that easy!

You do not have Online & Mobile Banking? No problem… Skip-A-Pay forms are available at any office or call today at (814) 825-2436 to get the process started. *A $25 fee applies. See credit union for eligibility requirements and complete details. Erie FCU Mastercard®, mortgage, home equity, courtesy pay, and Fresh Start loans are not eligible.

Erie FCU is so proud to be a sponsor of this wonderful summer event in Edinboro, PA! Enjoy the beautiful Goodell Gardens & Homestead along with great music and an amazing atmosphere all summer long! Admission to the 2022 Summer Music Series is free-of-charge, though donations are gladly accepted!

Learn more: www.eriefcu.org/news/erie-fcu-sponsors-goodell-gardens-summer-music-series

Erie FCU BOGO nights at the Erie Playhouse!

Later this year, we will be offering two “Member Only” BOGO nights for the Erie Playhouse’s 2022 Season where you can buy 1 ticket for the select performance and get the 2nd ticket free! Good for box office purchases only.

Erie FCU is a proud supporter of the Arts in Erie!

Learn more: www.eriefcu.org/special-offers/playhouse-member-only-bogo-nights

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Teach Kids About Money Management With a Debit Card Like many parents, you may have opened a savings account for your child when he or she was a baby.

If you’ve been teaching them money management skills and they have shown financial responsibility, then when they become teenagers, a debit card/checking account from Erie FCU can be a great next step.

As kids hit middle-school age, they start spending more time with friends. That means you’re not always around when they buy treats or movie tickets.

Those early-teen years can be good opportunities for them to use a debit card and practice financial responsibility.

Though most teens, like most people, no longer write many checks, when the opportunity arises for your teen to write one, jump on it. For example, perhaps your teen pays part of the cell phone bill each month. Have your teen write a check to you for his or her part of the payment. It would be easier just to transfer money from your teen’s account to yours but getting practice writing a check once in a while can be beneficial for them.

Explain to your teen the importance of keeping track of the balance in their account either by writing each transaction in a check register or by frequently checking their account online. Also, remind your kid that online balances might not show the actual balance in the account if transactions haven’t posted or if checks haven’t been cashed.

The professionals here are eager to help your teen take this next step financially. Stop by with your teen and we’ll show them how to open an account of their own, as well as explain how to use a debit card and our online banking service.

Home is Where the Heart & CASH is!

Pay for life’s big expenses with a Home Equity Loan from Erie FCU! With rates “as low as” 3.50% APR with our promotion and NO or LOW CLOSING COSTS, you can use the equity in your home to get things done and save money!

And, see if you may qualify for a .50% rate reduction!1 But don’t delay, offer ends August 31, 2022.

Apply today! www.eriefcu.org Loans subject to credit approval. Rates, terms and conditions vary based on creditworthiness, qualifications and collateral conditions and are subject to change. Offer ends August 31, 2022.

1. Special offer of .50% rate reduction applies to New Home Equity loans with a minimum amount borrowed of $25,000. Member must also have an open Erie FCU checking account and enroll in auto pay/payroll deduction. Maximum Loan to Value (LTV) 80%. Property insurance required. Certain restrictions apply. See your credit union mortgage loan officer for details. *APR = Annual Percentage Rate.

Membership eligibility required. NMLS# 414454

Car Shopping? Our Summer Auto Loan Special Can Help!

Looking for a New Ride this Summer? Go from clunker to classy with our Summer Auto Loan Special* and save! We’re offering a .50% Rate Reduction when you finance your next new Auto, Truck or Motorcycle with Erie FCU! (**An additional .25% rate reduction is also available. Details below).

Don’t delay as this rate reduction offer expires August 31st, 2022! Offer good for new purchase models 2020 or newer only. We make car buying easy!

Learn more: www.eriefcu.org/special-offers/summer-auto-loan-special APR = Annual Percentage Rate. *Maximum loan rate reduction is .75%. Lowest rate available after all rate reductions is 1.99% APR. Offer is available for new purchase automobile models of 2020 and newer ONLY and on a term of 49 months or longer. Minimum Loan Amount is $15,000.00. Summer rate discount promotion runs May 1, 2022 through August 31, 2022. **To qualify for the additional .25% discount, member must have an Erie FCU checking account with direct deposit and enroll in auto pay/payroll deduction.

Loans subject to credit approval. Rates, terms and conditions vary based on creditworthiness, qualifications and collateral conditions. Membership eligibility required.

Looking for a Student Loan?

The Sallie Mae® Education Loan – a Smart Choice to finance Higher Education!

Whether you’re an undergraduate, graduate, or parent - choose a Student Loan option that fits your college financing needs. With a Smart Option Student Loan from Sallie Mae®, get the money you need, plus features that can help make college happen.

Learn more: www.eriefcu.org/student-loan-options

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eriefcu.org

Visit a branch today or apply online!

Apply online in minutes

www.eriefcu.org/1160

Apply in person

Schedule a Loan Appointment

www.eriefcu.org/appt

Call us at (814) 825-2436

eriefcu.org Annual Percentage Rate = APR. Loans subject to credit approval. Rates, terms, and conditions vary based on credit worthiness, qualifications and collateral conditions and are subject to change. 1% auto loan rate reduction is applied to qualifying interest rate and interest will accrue on the loan during the first 60 days. Lowest rate available after rate reduction is 1.99% APR. 1% cash back amount is based on amount refinanced and cannot exceed $500. 1% cash back amount will be paid one year after loan closing date and will be forfeited if loan is closed before one year term. Existing Erie FCU auto loans are excluded. Membership eligibility required. Insured by NCUA *1.99% APR includes a .25% discount. To qualify for the .25% discount, member must have an Erie FCU checking account with direct deposit and enroll in auto pay/payroll deduction. Promotion ends 11/30/22.

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We’ll Be With You Every Step of the Way.

Chuck Molloy

LPL Financial Advisor

Whether you’re saving for your children’s education, planning for your Dave Garres retirement or securing your family’s financial future, you can depend on LPL Financial Advisor Erie Advisors to help you find strategies to address your long-term financial objectives.

Unlike some financial companies, our focus is on investment strategies and service. You can feel confident that you’ll receive the same level of personal service together with the knowledge you need to make sound financial decisions.

Through LPL Financial, Erie Advisors offers a vast array of exceptional wealth management products and services including: • Comprehensive financial guidance • Retirement planning and income strategies • 401(K) transition assistance

• Investment management • Insurance needs analysis

To learn more, call 814-897-2500 or contact Erie Advisors online at https://www.eriefcu.org/invest/appointment-request to schedule a complimentary consultation.

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Erie Federal Credit Union and Erie Advisors are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Erie Advisors, and may also be employees of Erie Federal Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Erie Federal Credit Union or Erie Advisors. Securities and insurance offered through LPL or its affiliates are:

Not Insured by NCUA or Any Other Government Agency | Not Credit Union Guaranteed | Not Credit Union Deposits or Obligations | May Lose Value

Join Us As We Celebrate

YOU!

While we aim to show you our gratitude in every interaction, we think you deserve a dedicated week of member appreciation!

This year Member Appreciation Week will be

celebrated August 22-26!

Keep an eye on our web site and social media for more information about give-a-ways and fun surprises.

We will CU soon!!!

Don’t Toss It – SHRED IT! Join Us for Our FREE Shred Day Shred Day will be held at our Glenwood Office at 3503 Peach Street on Wednesday, July 13th from 4PM to 6PM.

Access to this event will be off of Richley Street (North end of building).

Each member can bring up to two (2) paper sized boxes of unwanted documents. As a member, your security is paramount. Shredding is a safe and secure way of preventing valuable information from getting into the wrong hands. Help protect your identity while cutting through the clutter and shredding some pounds! Grab those boxes of old receipts, statements and other personal documents you want to get rid of and we’ll shred away.

IMPORTANT: For the safety of others, please enter the parking lot and follow traffic instructions to the Shred-It truck.

In lieu of charging for this event, we ask that you help support our Second Harvest Food Bank “Peanut Butter and Jelly” drive, donating, peanut butter and/or jelly in plastic containers, if you are able.

Thank you for your support.

Cut through the clutter with us at Erie SHRED-eral Day!

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2022 Annual Meeting

Erie FCU Board Member,

Dan Nawrocki,

53 Years of Dedicated Service After 53 years of dedicated service to Erie Federal Credit Union, Dan Nawrocki resigned from his position as Board Director. Dan, a former teacher and guidance counselor at the School District of the City of Erie, began his service to Erie FCU in 1969. He joined the Board of Directors in 2003, serving his initial term as Chair in 2010. During his tenure, he also served on every active committee as both a member and chair. The Board of Directors designated Dan Director Emeritus. A distinguished title honoring board members who have successfully completed their terms on the Board and made significant contributions to the success of our credit union.

“Dan’s contributions to Erie Federal Credit Union are undeniable”, said Brian Waugaman, Erie FCU CEO. “Dan is well respected for his dedication and service to our credit union over the past 53 years. We very much honor and thank Dan for his commitment to both Erie Federal Credit Union and the credit union movement as a whole. Thank you, Dan.” “It has been a privilege and a pleasure to serve my fellow members of Erie Federal Credit Union”, said Mr. Nawrocki. “Together we have seen the credit union grow, not only in locations, but also in the services that members use. It has truly been a case of “people helping people”, and I sincerely thank you (our members) for your trust and membership in the finest credit union in the area.”

We sincerely thank Dan for his leadership and many contributions to the Board of Directors and the credit union!

Bill Dietz Joins Erie FCU’s Associate Volunteer Program

Erie FCU recently named Bill Dietz to the credit union’s Associate Volunteer Program. The Associate Volunteer

Program is designed to provide a prepared and ready supply of succession candidates for the board of directors, ensuring continuity of board leadership. Erie FCU’s board of directors sets the credit union’s strategic direction and policies. As an Associate Volunteer, Bill can attend board meetings and participate, but will not take part in votes.

Bill joined the Gannon University Small Business Development Center in July 2020.

He is a marketing professional with over 39 years of experience in digital and print media environments. As a Business Consultant, Bill provides consulting services to City of Erie entrepreneurs and small businesses from start-up to expansion to acquisition.

Welcome Bill!

Thank you to everyone who logged into our Virtual Annual Meeting. The annual meeting was streamed live from the Erie FCU Community Room at 3503 Peach street on Monday, May 9th, 2022.

If you missed our online virtual event, or if you would like to view the presentation again, we have the video recording of the event in its entirety for you here.

Follow along, as the Erie FCU leadership group takes a look back at 2021 and walks you through the credit union’s financial position and goals for the future.

To watch Erie FCU Virtual Annual Meeting: https://www.eriefcu.org/news/virtual-annual-meeting-available-to-view

Our 2021 Annual Report

is available online at: https://www.eriefcu.org/why-us/about-us/ annual-report

Financial Statistics

Would you like to help guide the future direction of an established community credit union whose genuine goal is to help people in your community move their financial lives forward?

By joining the Associate Volunteer Program, you can develop your knowledge and skills to help the credit union continue to grow and respond to members’ needs.

Associate Volunteers who complete the required training may be considered for open positions on the Board of Directors or Supervisory Committee.

Financial Data as of May 31, 2022 Assets......................

Deposits...................

Loans......................

Members..................

$738,979,698 $677,024,799 $382,816,144 69,338

Interested in applying? Find out more here: https://www.eriefcu.org/why-us/about-us/associate-volunteer-program eriefcu.org

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3503 Peach Street • Erie, PA 16508-2741

Office Locations & Hours of Operation

Routing Number: 243380927

38th Street Office

State Street Office

1109 East 38th St. Erie, PA 16504

Drive Thru Hours: Monday-Wednesday: 9AM-5PM Thursday-Friday: 9AM-6PM Saturday: 9AM-3PM

518 State St. Erie, PA 16501

Lobby Hours Monday-Thursday: 9AM-5PM Friday: 9AM-6PM Saturday: 9AM-1PM

Lobby Hours Monday-Thursday: 9AM-5PM Friday: 9AM-6PM

Walmart Office

(Walmart Supercenter)

1825 Downs Drive Erie, PA 16509

Bayfront Office

Lobby Hours Monday-Tuesday: 9AM-5PM Wednesday-Thursday: 9AM-6PM Friday: 9AM-7PM Saturday: 9AM-3PM

1005 Greengarden Rd. Erie, PA 16501 Lobby Hours Monday-Thursday: 9AM-5PM Friday: 9AM-6PM

32nd Street Office

Drive Thru Hours: Monday-Wednesday: 9AM-5PM Thursday-Friday: 9AM-6PM Saturday: 9AM-3PM

1220 West 32nd Street Erie, PA 16508 Lobby Hours Fastbranch ATM access only

Buffalo Road Office 2436 Buffalo Rd. Erie, PA 16510

Drive Thru Hours: Monday-Wednesday: 9AM-5PM Thursday-Friday: 9AM-6PM Saturday: 9AM-3PM

5500 Zuck Rd. Erie, PA 16506

Drive Thru Hours: Monday-Wednesday: 9AM-5PM Thursday-Friday: 9AM-6PM Saturday: 9AM-3PM

Edinboro Office

Lobby Hours Monday-Thursday: 9AM-5PM Friday: 9AM-6PM

Zuck Road Office

101 Washington Towne Blvd.

Edinboro, PA 16412

Drive Thru Hours: Monday-Wednesday: 9AM-5PM Thursday-Friday: 9AM-6PM Saturday: 9AM-3PM

Lobby Hours Monday-Thursday: 9AM-5PM Friday: 9AM-6PM

Glenwood Office

Lobby Hours Monday-Thursday: 9AM-5PM Friday: 9AM-6PM Saturday: 9AM-1PM

Erie FCU No Surcharge & No Fee ATMs

Important Information

3503 Peach St. Erie, PA 16508

Drive Thru Hours: Monday-Wednesday: 9AM-5PM Thursday-Friday: 9AM-6PM Saturday: 9AM-3PM

Lobby Hours Monday-Thursday: 9AM-5PM Friday: 9AM-6PM Saturday: 9AM-1PM

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 www.eriefcu.org/atms

Website: eriefcu.org

E-mail: memberservices@eriefcu.org 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)

Erie FCU NMLS #414454

Privacy Policy Notice - The Erie FCU privacy policy has not changed. You may obtain a copy at www.eriefcu.org/pp or contact us at (814)-825-2436 or (800)-480-0494.

Holiday Hours & Closings Labor Day Monday, September 5, 2022 All offices will be closed

Columbus Day Monday, October 10, 2022 All offices will be closed