Erie FCU - 2021 Summer Newsletter

Erie Federal Credit Union

F nanc al Solut ons Summer Newsletter 2021 www.eriefcu.org

Save Money - Drive Happy

Buying a Home in a Seller’s Market Summer Deals & Member Discounts

Insured by NCUA

FROM THE CEO MESSAGE

Sailing (Unmasked)

Hello, everyone! I hope this message finds you well and looking forward to the warmer months ahead.

Pennsylvania’s mask mandate was lifted on Monday, June 28th, and Erie Federal Credit Union in continuing to adhere to federal, state and local health official guidelines, will no longer require members or employees to wear masks within Erie Federal Credit Union facilities. This applies to both vaccinated and non-vaccinated individuals. Members and employees are more than welcome to continue to wear a mask if they choose.

Employees will accommodate member requests from those who are more comfortable with an employee wearing a mask during their visit. Acrylic barriers will remain in all locations as a further health and safety precaution for both members and employees.

On behalf of all of us here at Erie Federal Credit Union, we would like to take a brief moment to sincerely thank each of you for your patience, cooperation and flexibility throughout this most-challenging pandemic period. Thank you! Please know that we implemented all necessary operational changes in strict adherence to all federal, state and local health authority directives as our first priority has been, and always will be, to keep our members and employees safe.

We are excited to welcome members and visitors back into our lobbies and assist you with in-person, one-on-one, banking service. All branch lobbies are now fully open and operational with the exception of our West 32nd location, which remains closed until further notice, although ATM service is still available at this location. Although we are fully open and we look forward to seeing you, we still encourage you to book an appointment for member service ahead of time to alleviate any potential wait times within our lobbies.

“It is the set of the sails, not the direction of the wind that determines which way we will go.”

With this month’s cover photo, I could not help but be transported by the thoughts of the music and melody to the 1979, Christopher Cross classic, “Sailing”.

“Sailing takes me away…”

Speaking of sailing, I am happy to report that your Erie Federal Credit Union is sailing smoothly into the summer months. As always, we are here to provide the best value in financial services to you and your family to assist you along your financial journey.

– Jim Rohn

And when it comes to summer fun, please be sure to visit our website, social media and in-office displays to discover all the ways we are working to help you get the most out of your summer. Be sure to check out the following member only promotions/benefits that are available to assist, including our Sizzling Summer Skip-A-Pay that allows you to free up some extra cash by skipping your July or August loan payment.

Refi Your Ride and save with our 1-1-60 auto refinance special offer providing a 1% rate reduction now, a 1% cash rebate later and 60 days of zero payments to qualified borrowers. Your home’s equity is money in your pocket! With historically low rates, there is no better time to use the equity in your home to your advantage.

With such low rates and no or low closing costs, the possibilities are endless! Membership has its advantages with discounts being offered to members at Waldameer and UPMC Park in support of your Erie SeaWolves.

Every 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. Erie Federal Credit Union is here for you!

In closing, I would also like to recognize and welcome, Dr. Pablo Reyes, as our newest Board member to Erie Federal Credit Union. Dr. Reyes, thank you for your service and we look forward to many successful years in working together.

There is much happening at Erie Federal Credit Union and each of us continues to work hard every day to provide smooth sailing for you, your family and local business.

Wishing you all a most enchanting summer.

Stay safe,

Brian J. Waugaman, CEO Page 2 |

MORTGAGE • BUSINESS • AUTO • PERSONAL

eriefcu.org

#Team AOK Takes Action!

Erie FCU takes great pride in being a part of the local community it serves. It is our hope that we can make a meaningful difference by volunteering our resources, time and talents. #Team AOK’s outreach efforts allow us to bring awareness and support to local charities and organizations, who need it most.

Say HELLO to Summer.

Enjoy it with Skip-A-Pay! 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.

Here are some of the latest photos from those activities:

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!

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 Welcomes New Board Member Erie FCU is pleased to announce the addition of Dr. Pablo Reyes as its newest Board Member.

Dr. Reyes joined the credit union’s Associate Volunteer Program in 2018 and was named to the Pablo Reyes, D.Ed. Supervisory Committee in 2019. He holds a B.A. degree from Edinboro University in Political Science and Government, a Master’s degree from Edinboro University in Managerial Leadership and a Doctorate of Education from Indiana University of Pennsylvania.

Dr. Reyes currently works at Accenture as a Leadership and Talent Strategist.

Brian Waugaman, CEO of Erie FCU stated, “Pablo’s enthusiasm, education, and professional experiences will be a welcome addition to our Board of Directors.

I have every confidence that Pablo will represent the members of the credit union extremely well in his new role.”

“I am excited for this opportunity to serve Erie FCU members and humbled to be a part of such a dedicated Board. I am looking forward to helping the credit union continue to grow and meet the needs of our member-owners and the community”, said Dr. Reyes.

The Board of Directors is comprised of seven members of Erie FCU who are guided by the credit union philosophy of “People Helping People”. Elected by its members, Erie FCU’s volunteer board helps set the strategic direction of the credit union and oversees its fiduciary responsibility.

eriefcu.org

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 23-27!

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

We will CU soon!!!

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Summer Fun Has Arrived!

It’s summer time in the Erie area, and you know what that means?

Enjoying the outdoors!

Looking for something fun to do?

We’ve got you covered!

Members can receive a discount to

Waldameer & Water World!

Enter promo code ‘ERIEFCU2021’ when purchasing Waldameer All Day Combo Passes online and save with Erie FCU! www.eriefcu.org/waldameer

Buying a Home in a Seller’s Market

Goodell GardensSummer Music Series Returns!

You’ve made the decision to buy a new home. Or maybe this is your first time.

You’re probably excited and can’t wait to go house hunting. If the market is a “Buyer’s Market,” one in which supply exceeds demand, you’ll have plenty of time to get your financing in order and look at as many homes as you like.

But what if demand is high and supply is low? Then you’re in a “Seller’s Market.”

During a seller’s market, homes sell almost as soon as they become available, often causing buyers to have bidding wars with each other. They attempt to outbid the other buyers, offering the seller more than the seller asked for.

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 2021 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

When you find a home you love, you’ll need to act fast. Sellers don’t want to wait for buyers who are still working on their financing. Before you start looking at homes, take care of two things first: 1. Get pre-approved for a mortgage – Show the seller you have your mortgage approved and you’re immediately ready to close on the offer. Offers without a mortgage contingency will jump to the head of the line.

Membership Has it’s Advantages!

2. Get your down payment ready – Have paperwork showing you have proof of funds.

By getting pre-approved for your mortgage, you’ll know exactly how much house you can afford as well as get a head start on most of the other buyers. Also, since you will know the maximum that you can afford, you will be able to save time by searching only for those houses in your price range. Don’t even try offering less than the listed price during a seller’s market – that will only get you kicked out of the running.

Every 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.

Card/ID must be presented at the ticket office at time of purchase.

You might also consider writing an offer letter to the seller, explaining a little about yourself and why you love their house. Keep it short and simple; strive to make a personal connection to the seller, but not bore them. Your realtor can send this letter to the seller and their realtor with the formal offer.

Erie FCU can help you begin this journey. Talk to one of our mortgage loan officers about getting pre-approved. They will calculate how much you can afford, find the best interest rate you qualify for, and help you get to the front of the line in a Seller’s Market.

Offer valid at stadium box office only • Not available for online purchase • Fun Day “voucher” is a detachable coupon found on special Sunday ticket purchased • Discount is not available without Sunday Fun Day detachable ticket coupon.

Make Sunday “Family Fun Day” with Erie FCU and the Erie SeaWolves!

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MORTGAGE • BUSINESS • AUTO • PERSONAL

eriefcu.org

Apply Today... We make it EASY! Apply for a loan in a way that works best for you.

Apply online in minutes

www.eriefcu.org/1160

Apply in person at any branch

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 11/30/21.

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Concerned about your financial plans?

Need a second opinion?

Whether you’re just starting, building your financial assets, or a long-time investor, Erie Advisors, located at Erie Federal Credit Union, will listen to your goals, offer objective advice, establish a plan for you and closely monitor your investments.

To learn more, call or contact Erie Advisors online at www.eriefcu.org to schedule a complimentary consultation.

Chuck Molloy

Financial Advisor

Dave Garres

Financial Advisor

(814) 897-2500 • 3503 Peach Street, Erie, PA 16508 *Representatives are registered, securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/ SIPC, a registered broker/ dealer and investment advisor, which is not an affiliate of the credit union. 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. CBSI is a registered broker/dealer in all fifty states of the United States of America. The representative may also be a financial institution employee that accepts deposits on behalf of the financial institution.

Click the link or details: www.eriefcu.org/tracfone

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MORTGAGE • BUSINESS • AUTO • PERSONAL

eriefcu.org

Personal Services. Greater Value.

BETTER BUSINESS. Whether you are just getting started or looking for a boost to take your business to the next level, Erie FCU Business Services has the financial products, tools, and services to help you succeed. We are proud to serve our local businesses with financial options to help you grow.

You’ll love banking here. But, don’t just take our word for it!

Here’s what Mr. Brian Agresti, one of our amazing business lending clients, has to say about his experience with Erie FCU!

Erie FCU is a great choice for Business and Real Estate Lending!

Brian Agresti, President Erie Real Estate, Inc./ Agresti Real Estate Agresti Development, LLC

Some of the things I like the most... they’re local, they’re focused on Erie Business and the Erie Community, they offer flexible loan programs and I love working with the people involved... Nathan, Katrina & Natali are on the ball and a great resource to have on your team.

Thank-you Erie FCU!

To learn more about becoming a business member, call 814-825-2436 or check us out online at: https://www.eriefcu.org/borrow/business-loans/business-services

Shred Day will be held at our Glenwood Office at 3503 Peach Street on Tuesday, July 20th 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!

IMPORTANT: To adhere to health and safety guidelines, please follow these instructions upon arrival.

• Enter the parking lot and follow traffic instructions to the Shred-It truck.

• Members can exit their vehicle and place items to shred in a specific designated area. *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.

Missed the Annual Meeting?

No problem.

Thank you to everyone who attended our Virtual Annual Meeting.

The annual meeting was streamed live on Monday, May 10th, 2021.

If you missed the Annual Meeting, or if you would like to view the presentation again, you can watch the video recording of the event in its entirety. Follow along, as the Erie FCU leadership group takes a look back at 2020 and walks you through the credit union’s financial position and goals for the future.

To view the Erie FCU Virtual Annual Meeting, you will be required to register. click here: https://www.eriefcu.org/annual-meeting-recording

Annual Report 2020

Members: Don’t Forget to Read Our Annual Report Now available online at www.eriefcu.org/annual-report Glossy paper copies of the Annual Report are available at our branches.

Financial Statistics Financial Data as of May 31, 2021 Assets........................$727,932,423 Deposits...................$948,999,008 Loans...................$359,728,406 Members...........66,914

Thank you for helping us keep our community safe.

We look forward to seeing you. 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

Bayfront Office

1005 Greengarden Rd. Erie, PA 16501

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

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

Zuck Road Office 5500 Zuck Rd. Erie, PA 16506

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

Erie FCU NMLS #414454

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

866.604.0381 (After Hours) 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 Independence Day Monday, July 5, 2021 All offices will be closed

Labor Day Monday, September 6th All offices will be closed

Columbus Day Monday, October 11th All offices will be closed

Glenwood Office

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

Erie FCU No Surcharge & No Fee ATMs

Debit Mastercard® or STAR Card®:

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

101 Washington Towne Blvd.

Edinboro, PA 16412

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

Toll Free: 800.480.0494

Mastercard® Credit Card Lost/Stolen:

Edinboro Office

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

E-Z Phone: 814.825.2436, Option 9

800.523.4175 (After Hours)

Lobby Hours Fastbranch ATM access only

2436 Buffalo Rd. Erie, PA 16510

E-mail: memberservices@eriefcu.org

1825 Downs Drive Erie, PA 16509

32nd Street Office

Buffalo Road Office

Website: eriefcu.org

(Walmart Supercenter)

1220 West 32nd Street Erie, PA 16508

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

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

Online Appointments For the safety and convenience of all, members can make appointments online to meet with a Member Services Representative at one of our local branches.

Visit www.eriefcu.org/appointment to schedule an appointment or for more information.