A PUBLICATION OF FIRST COMMUNITY CREDIT UNION
FIRST VIEW Official Credit Union of the H OU S TON
T E XAN S
Bring on the
2014 Models! If you have new car fever, now is the time to cure it! Let First Community Credit Union relieve the headaches of financing with a low rate Auto loan! The 2014 models are rolling on to the showroom floor and we’ll help you roll off with the car you’ve had your eye on. Or, go for a 2013 model and get a closeout deal!
Roll off the showroom floor with rates as low as: • 1.74% APR up to 72 months* • 90 days no payments* • 100% financing available • Skip-A-Payment up to 2 times per year+ Apply now at FCCU.org, call us at 281.856.5300, or visit one of our convenient locations to cure your new car fever at FCCU!
*APR = Annual Percentage Rate. Rates and terms subject to change. Certain credit criteria applies for lowest rate quoted, 90 days no payments and Skip-A-Pay. Lowest rate quoted includes all applicable discounts. Payment example: 72 months @ 1.74% APR = monthly payment of $15.75 per $1,000 borrowed. FCCU refinances not eligible. Offer not valid for commercial vehicles, motorcycles or recreational vehicles. +Skip-A-Payment adds $15 to the loan each time a payment is skipped.
They’re coming! Read more | Cover story
PRSRT STD U.S. Postage PAID Permit #600 Houston, TX
PO Box 840129 • Houston, Texas 77284-0129
we do AUTO Loans at FCCU.org!
2013 Summer Edition
Articles inside Holidays
Please make note of our holiday hours. Labor Day Monday, September 2, 2013 Traditional branches – Closed In store branches – Open from 9am – 1pm Columbus Day Monday, October 14, 2013 Traditional branches – Closed In store branches – Open from 9am – 5pm
Texans Bull Pen At First Community, we are gearing up for the 2013 Texans Season with a stacked roster of winnings, exclusive events, and, most importantly, Brian Cushing on the FCCU team!
Teachers: You help others let us help you! We appreciate what you do for education and want to reward you with our annual Teacher Appreciation Loan! READ MORE | Page 3
READ MORE | Page 3+5
Making a First-Rate financial difference in our members’ lives!
Congrats 2013 FCCU Scholarship Winners! FCCU awarded $3,000 scholarships to six deserving students during the 29th year of our Scholarship Program. READ MORE | Page 4
281.856.5300 | FCCU.org
At First Community, we are gearing up for the 2013 Texans Season with a stacked roster of winnings, exclusive events and, most importantly,
Join Our Team
Brian Cushing on the FCCU team!
Be a Texans Checking Winner! OPEN your Texans Checking account today and join Brian Cushing on FCCU’s winning roster! It’s easy to do at texanschecking.com!
b u l l Brian Cushing, Houston Texans Linebacker, makes a big hit joining the FCCU team! Houston Texans Linebacker Brian Cushing is the Official Spokesperson of First Community Credit Union! Brian Cushing is dominant on the field and always brings the drive to conquer anything. Cushing was the Houston Texans first round draft pick in 2009. He became the Defensive Rookie of the Year and was the 2011 Team Most Valuable Player. Watch for Cushing in our upcoming TV commercial that will air during the pre-season games and listen to him on 790AM every Monday at 5:05pm. Brian Cushing is very excited to be working with FCCU and we are excited to have him as part of our family. FCCU: the Official Credit Union of the Houston Texans and now the Home of Brian Cushing! And, yes, he is a Texans Checking Cardholder!
P e n Stars in the Classroom
FCCU and Brian Cushing want to help you say Thank You to a teacher that has made an impact on you in the classroom. We’re looking for teachers in the Houston community to reward as a Star in the Classroom. A total of ten teachers will be selected throughout the school year and each winning teacher will receive: • a visit to their class at school by Houston Texans Linebacker, Brian Cushing! • an autographed Brian Cushing Jersey • Two (2) Tickets and sideline passes to a Houston Texans home game • $500 donation to the school district in honor of the winning teacher The nominating student will receive an Autographed Houston Texans Football! Nominations for 2013 begin August 19th at texanschecking.com. (look under the Stars in the Classroom tab)
Player Appearances Be the first to know when a Houston Texans player will be at one of our branches! Watch for upcoming dates and times!
Exclusive Opportunities Win a Trip to a Texans Away Game During August and September, we will be awarding two lucky Texans Checking members with a trip to a Texans Road Game!
Training Camp and Game Days FCCU will be out at Training Camp and at the stadium on game days to cheer on our hometown team to victory! We hope to see you there! Find the complete schedule of Texans events at: texanschecking.com/events
Two Chances to WIN: August Trip Giveaway: Baltimore Ravens game on 9.22.13
More Exclusive Opportunities Throughout the season, FCCU will give away many other exclusive opportunities:
September Trip Giveaway: San Francisco 49ers game on 10.6.13 Texans Field Day WIN the experience of spending an afternoon with some Houston Texans players up close and personal! • 50 lucky winners will receive 2 tickets to Field Day • Run drills with some Texans players • Tour Reliant Stadium • Enjoy Dinner at Reliant Stadium • Autographs and Pictures Drawing held on October 1st. Field Day held October 15th. Open your Texans Checking* account today to get your chances to SCORE once-in-a-lifetime experiences! Plus, choose your Texans Debit Card design to show off your Texans pride.
• VIP Training Camp Tickets • Exclusive Meet and Greet Opportunities • Trip to the BIG Game 2014 in NY/NJ • Trip to the All Star Game 2014 in Hawaii • Trip to the 2014 Draft Experience in NY • Tickets to Home Games with Parking Pass • (2) Weekly winners of autographed Texans Footballs and Jerseys texanschecking.com Stay connected for chances to win at texanschecking.com. Be sure to follow First Community Credit Union on Facebook and Twitter as well for your chance to WIN Autographed Texans Merchandise! First Community Credit Union: Official Credit Union of the Houston Texans and Home of Brian Cushing!
*Certain credit criteria applies. Minimum deposit to open checking account is $25. Account is free for first 90 days. Direct Deposit must begin within 90 days. As long as a total of at least $500 is received each month through one or more Direct Deposit(s), fee will be waived. Without Direct Deposit, monthly fee of $4.95 will be assessed. Account holders will be entered to win Texans trips and Texans merchandise, as well as, tickets to home games with a parking pass. Trips include tickets, airfare, and hotel. The Big Game includes tickets only, airfare and hotel are an additional cost to the winner. For all trips no purchase is necessary. See texanschecking.com for details. Any prize won and accepted with a value of $600 or more will be subject to 1099-MISC reporting.
You help others let us help you!
From now until September 2nd, every time you use your FCCU MasterCard® Rewards Card for gas, lodging and dining needs, you will earn double the rewards points.
Look for this sign for over 55,000 surcharge-free ATMs around the country.
www.allpointnetwork.com www.cuservicecenter.com For a list of our hours and free ATM locations, visit our website at FCCU.org or download our app. 24-Hour Phone Services P.A.T. 281.856.4PAT • 800.234.PAT1 Phone-A-Loan Center 281.856.LOAN MasterCard®/Visa® Account Information Lost or Stolen Card Credit Card Fraud First Investment and Retirement Planning Center
281.856.5300 800.456.FCCU 800.600.5249
Apply now @ FCCU.org, enter TAL13 in the comments box to get your rate discounts. Thank you for all you do as an educator! *For educators new to the district, Direct Deposit forms must be completed in order to receive loan proceeds. For existing educators, FCCU must actually receive deposit through Direct Deposit prior to receiving loan proceeds. APR = Annual Percentage Rate and includes all applicable discounts. Rates subject to change without notice. Certain credit criteria and employment qualifications apply. 90 days no payments based on credit criteria. Maximum discount 1.10%. Payment example: $1,000 @ 6.49% APR for 24 months = $45.69 per $1,000 borrowed. Offer available to full-time teachers and certain contract employees through 9.13.13. Offer intended for and available in the following school systems: Alief ISD, Cy-Fair ISD, Klein ISD, Spring ISD, Ft. Bend ISD, Katy ISD, Spring Branch ISD, Tomball ISD, Waller ISD, Magnolia ISD, Awty International School, Saint Cecilia School, Salem Lutheran School and Spring Branch Presbyterian Learning Center. Offer not available to individuals who have caused a previous loss to the credit union. Membership savings and checking accounts must be established. See credit union representative for full details. FCCU invites all teachers living or working in Harris, Fort Bend, or Montgomery County to reward themselves with a Teacher Appreciation Loan!
Congrats! 2013 FCCU Scholarship Winners FCCU awarded $3,000 scholarships to six deserving students during the 29th year of our Scholarship Program. This year’s recipients are: Vanessa Rathway plans to attend University of Oklahoma. Samuel Hueter plans to attend University of Texas. Lucia Meras-Torres will attend Sam Houston State University. Kimberly Ekholm is currently attending Missouri University of Science and Technology. William Veenstra is currently attending University of Texas. Bonnie Cantwell is currently attending Baylor University. These recipients were honored at a social recently where they received their award. Congratulations and Good Luck on all your future endeavors!
Impatience encourages market timing. Some investors consider “buy and hold” passé, but it has certainly worked well since 2009. How did market timing work in comparison? Citing Investment Company Institute calculations of equity fund asset inflows and outflows from January 2007 to August 2012, U.S. News & World Report notes that it didn’t work very well. During that stretch, mutual fund investors either sold market declines or bought after market ascents 57.4% of the time. In addition, while the total return of the S&P 500 (i.e., including dividends) was -0.13% in this time frame, equity mutual fund investors lost 35.8% (adjusted for dividends).3 Most of us don’t “buy and hold” for very long. Dalbar’s latest report notes that the average equity fund investor owned his or her shares for 3.3 years during 1993-2012. Investors in LUCIA
3601 FM 1488 (at Kuykendahl)
Get your Teacher Appreciation Loan by September 13, 2013. It’s so easy: • Apply for your loan online or in person • Open your savings and checking account with Direct Deposit • Bring in your 2013-14 contract when you close the loan or confirmation of participating school district employment for 2013-14.
balanced funds (a mix of stocks and bonds), held on a bit longer, an average of about 4.5 years. They didn’t come out any better – the report notes that while the Barclays Aggregate Bond Index notched a 6.3% annual return over the 20-year period studied, the average balanced fund investor’s annual return was only 2.3%.2 What’s the takeaway here for retirement savers? This amounts to a decent argument for dollar cost averaging – the slow and steady investment method by which you buy shares over time, a little at a time. When the market sinks, you are buying more shares as they have become cheaper – meaning you will own more (quality) shares when they regain value. It also shows you the value of thinking long-term. When you save for retirement, you are saving with a time horizon in mind. A distant horizon. Consistent saving from a (relatively) early age and the power of compounding can potentially have much greater effect on the outcome of your retirement savings effort than investment selection. Keep your eyes on your long-term retirement planning objectives, not the short-term volatility highlighted in the headlines of the moment. 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. All information is believed to be from reliable sources; however we make no representation as to its completeness or accuracy. Please note - investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment. Citations. 1 - finance.yahoo.com/news/p-fund-tops-p-500-142700129.html [5/3/13] 2 - marketwatch.com/story/7-reasons-why-retirement-savers-fail-2013-06-26 [6/26/13] 3 - money.usnews.com/money/blogs/the-smarter-mutual-fund-investor/2012/11/05/herd-behavior-hurts-fund-investors [11/5/12]
2013-2014 Scholarship Program We are pleased to announce the scholarship program has been approved by the Board of Directors for the coming school year. FCCU will offer five scholarships at $4,000 each.
The Woodlands Branch Office (inside HEB)
We appreciate what you do for education and want to reward you with our annual Teacher Appreciation Loan (TAL)!
One big factor is impatience. It is expressed in emotional investment decisions. Too many people trade themselves into mediocrity – they react to the headlines of the moment, buy high and sell low. Dalbar, the noted investing research firm, estimates this accounts for 2.0% of the above-mentioned 3.9% difference. (It attributes another 1.3% of the gap to mutual fund operating costs and the remaining 0.6% to portfolio turnover within funds.)2
Plan ahead, compare prices, and use coupons to get the best deals. Don’t forget to grab your FCCU Platinum Credit Card too so you won’t be paying more than you have to with high interest store credit cards. Don’t have a Platinum Card? Apply now @ FCCU.org and be prepared for your back-to-school shopping!
Sergio Garza Financial Advisor
Why do so many retirement savers underperform the market? From 1993-2012, the S&P 500 achieved a (compound) annual return of 8.2%. Across the same period, the average investor in U.S. stock funds got only a 4.3% return. What accounts for the difference?1,2
August 9 – 11, 2013 It’s almost time to head back to the classroom for the 2013 – 2014 school year. Make sure you head back in style and with some extra money in your pocket. Shop during Tax FREE weekend, August 9 – 11, 2013 and save!
Impatience Hurts Retirement Saving Keep calm & carry on – it may be good for your portfolio.
Don’t let this great offer pass you by. Apply now for your FCCU Platinum Rewards MasterCard® and start earning your rewards points today!
Tax Free Shopping Around the Corner
Hurry, time is running out for you to earn Double Rewards Points
Items of Interest
In order to qualify for the new scholarship program, students are required to be a member of FCCU for a minimum of 90 days as of November 1, 2013. This means students in the class of 2014 wanting to apply for these scholarships should have their membership opened by the end of July, 2013. Detailed information on qualifications, how to apply and the payout process will be available by November 1, 2013.