PULSE JAN, FEB, MAR â€˜14
President's Message Page 2
Paying Off Pays Off Page 2, 3 Everyone Wins Auto Loan Promotion Page 2, 3
Visa Balance Transfers 1.99%
IHAC $4.5 million initiative Page 3
Bank Healthy for the New Year Page 4 Annual Board Meeting Invite Page 4
Keeping Your Personal Information Secure Online Page 4
Service at HACU Page 4
PRESIDENT’S MESSAGE HACU: 35 and healthier than ever
In 1979 the Illinois Hospital Association formed Illinois Hospitals Employees Credit Union (IHECU) to provide financial services to employees of its member hospitals and their affiliates. As other healthcare-related groups joined IHECU, including national and professional health organizations and out-of-state hospitals, a decision was made in 1989 to change IHECU to HealthCare Associates Credit Union (HACU). During the past 35 years, HACU has merged 18 smaller credit unions—including Little Company of Mary Employees Credit Union in 2013—and grown to serve IHA’s 200 plus hospitals and nearly 50 health systems as well as nearly 200 medical associations and healthcarerelated businesses with members and staff nationwide. Among the select employee groups new to HACU’s field of membership in 2013 are ATI Physical Therapy with over 200 clinics in seven states and the American Hospital Association (AHA), including all of its employees, its members, its affiliates, and its subsidiaries where nearly 5,000 hospitals, health care systems, networks, other providers of care and 43,000 individual members come together to form the AHA. At HACU we share the health and remind you that credit unions are not-for-profit organizations that exist to serve their members rather than to maximize corporate profits. Like banks, credit unions accept deposits and make loans. But as member-owned institutions, credit unions focus on providing a safe place to save and borrow at reasonable rates. Unlike banks, credit unions are democratically operated by members, allowing account holders an equal say in how the credit union is operated, regardless of how much they have invested in the credit union. HACU, like all federally insured credit unions, is regulated by the National Credit Union Administration (NCUA) and backed by the full faith and credit of the United States government. The share (deposit) insurance coverage on all federally insured credit union accounts is $250,000. Our excess share insurance provides up to an additional $250,000 of insurance once a member's balance exceeds the coverage provided by the NCUA. If you’re looking for ways to bank healthy and save more of your money in the New Year, please talk with us. Together, we can unite for good
Joseph J. Kregul President/CEO
CONSOLIDATE YOUR HIGHER INTEREST RATE CREDIT CARD DEBT AND SAVE WITH AN HACU VISA CREDIT CARD.
Paying Off Pays Off
Limited time offer
Keep in mind that credit card interest rates and minimum monthly payments affect how long it will take to pay off your debt and how much your purchase will cost you over time. Here are two examples:
outstanding balance, you’ll start with a $37.50 payment. You’ll be over 35 years old when you pay off the debt. That’s 208 payments, and you will have paid more than $2,138 in interest, even if you charge nothing else on the account and have no other fees.
Suppose when you’re 18, you charge $1,500 worth of clothes and DVDs on a credit card with a 19% interest rate. If you repay only the minimum amount each month, and your minimum is 4% of the outstanding balance (the lowest amount permitted by some issuers), you’ll start with a $60 payment. You’ll be more than 26 years old by the time you pay off the debt. That’s 106 payments, and you will have paid more than $889 extra in interest. And that’s if you charge nothing else on the card, and no other fees are imposed (for example, late charges).
The calculator as of 12.13.13 based on 2%. *APR = Annual Percentage Rate. Available for Platinum and ROI credit cards from 10/1/2013 to 6/30/2014. After that you will be charged the standard APR* Please see your original credit card disclosures for your rate. Rates, terms and conditions are subject to change and may vary based on creditworthiness and qualifications.
Like HealthCare Associates Credit Union on Facebook, Twitter and LinkedIn for more tips.
it's easy when everyone Finance a new or used auto Jan-March 2014 to qualify for: • •
On Balance Transfers
Wondering how long it will take to pay off your debt? Based on the information you supply, this calculator estimates of how long it will take you to pay off your credit card balance. Go to federalreserve.gov/creditcardcalculator.
If your minimum payment is based on 2.5% of the
No Balance Transfer Fee
Low interest rates No Payments for 90 days option9 You may qualify for manufacturer rebates
25% of your interest paid in 2014
1) Loans subject to credit qualifications and approval. 2) Does not apply to vehicles currently financed with HealthCare Associates Credit Union. 3) Member Loyalty discounts do not apply. 4) 25% of borrowers 2014 interest will be paid as a rebate, and only applies on auto loans funded between Jan 1, 2014 thru March 31, 2014 5.) This rebate will be mailed to qualified members in December 2014. It will be the member's responsibility to make sure their contact information is accurate. 6) Membership must be open and all accounts in good standing or paid off to qualify. 7) Maximum rebate amount is $599 per membership. 8) Rates subject to change without notice. 9) If you choose to defer payments for 90 days, the first payment will be due approximately 90 days from date of funding. Interest will accrue during this payment deferment. Complete details at hacu.org.
Federally Insured by NCUA
In late November, the Robert Wood Johnson Foundation (RWJF) announced the Illinois Healthcare Action Coalition (IHAC) will be part of a $4.5 million initiative, the Future of Nursing State Implementation Program. The program is helping states prepare the nursing profession to address our nation’s most pressing health care challenges— access, quality, and cost. The IHAC plans to implement two projects with the assistance of this grant: • Removing Barriers to Practice for Advanced Practice Nurses. This involves conducting asset mapping of Advanced Practice Nurses (APNs) to eliminate barriers that restrict their full practice authority and limit access to primary care services in the state’s most underserved areas. Places that already have shortages of primary care physicians are the places where the changes of the Affordable Care Act (ACA) are most likely to bring more people into the system, driving up demand. Understanding the capacity of the APN workforce is essential as the ACA is implemented in Illinois. • Nursing Leadership Fellowship Program. This involves cultivation of more nurse leaders through a year-long development series that ensures a leadership pipeline and ultimately leads to the direction and management of system change, promotion of prevention, and containment of costs. If you are interested in more information, please contact Susan Swart at email@example.com.
Keeping Your Personal Information Secure Online Know who
Bank Healthy This New Year Protecting your privacy is essential when shopping online. These signals indicate that you have entered a secure Web page:
you share your information with. Store and dispose of your personal information securely. Be Alert to Impersonators Make sure you know who is getting your personal or financial information. Don’t give out personal information on the phone, through the mail or over the Internet unless you’ve initiated the contact or know who you’re dealing with. If a company that claims to have an account with you sends email asking for personal information, don’t click on links in the email. Instead, type the company name into your web browser, go to their site, and contact them through customer service. Or, call the customer service number listed on your account statement. Ask whether the company really sent a request.
* A screen notice that says you are visiting a secure site * A closed lock or unbroken key in the bottom corner of your screen * The first letters of the Internet address you are viewing change from "http" to "https"
Safely Dispose of Personal Information Before you dispose of a computer, get rid of all the personal information it stores. Use a wipe utility program to overwrite the entire hard drive.
Annual Meeting Invite Join us for our annual board meeting, at 9:00 am on February 26, 2014.
Before you dispose of a mobile device, check your owner’s manual, the service provider’s website, or the device manufacturer’s website for information on how to delete information permanently, and how to save or transfer information to a new device. Remove the memory or
Meeting is at our Naperville Branch and convenes in conference rooms C&D. See you there!
subscriber identity module (SIM) card from a mobile device. Remove the phone book, lists of calls made and received, voice mails, messages sent and received, organizer folders, web search history, and photos. Encrypt Your Data Keep your browser secure. To guard your online transactions, (Be sure the websites you visit) use encryption software that scrambles information you send over the internet. A “lock” icon on the status bar of your internet browser means your information will be safe when it’s transmitted. Look for the lock before you send personal or financial information online. Keep Passwords Private Use strong passwords with your laptop, credit, financial, and other accounts. Be creative: think of a special phrase and use the first letter of each word as your password. Substitute numbers for some words or letters. For example, “I want to see the Pacific Ocean” could become 1W2CtPo. Don’t Over-share on Social Networking Sites If you post too much information about yourself, an identity thief can find information about your life, use it to answer ‘challenge’ questions on your accounts, and get access to your money and personal information. Consider limiting access to your networking page to a small group of people. Never post your full name, Social Security number, address, phone number, or account numbers in publicly accessible sites. Source: Federal Trade Commission, ftc.gov
OUR SERVICE PROMISES CREATE A BUZZ AT HEALTHCARE ASSOCIATES CREDIT UNION
Our Service Promises catch on — as everyone of us here at HealthCare strives to give you the best member experience possible. Whether it's lowering your auto payment through a refinance or evaluating your debt portfolio in search of ways to save you money, each of us is dedicated to listen to your needs and find the best way for you to bank healthy. We continue to bring you the newest technologies for banking, along with the best member experience possible. We are so thankful for your continued trust and use of HealthCare Associates Credit Union. Every morning we wake up, come to work and start our day with what inspires us — to help you, to enhance the lives of our members by leaving our footprint on your path to banking healthy. We are a cooperative where we all work together to give back to our members each and everyday. It is our pleasure and honor, so please don't hesitate to call and talk to us about your finances.
Internet Branch hacu.org Pay bills, check balances & learn more Des Plaines Branch Naperville Branch 1151 East Warrenville Rd. 249 South River Rd. Des Plaines, IL 60016 Naperville, IL 60563
Telephone Teller 630.276.5726 or 800.213.6445 (toll-free)
Call Center 630.276.5555 or 800.942.0158 (toll-free)
Oak Lawn Branch Winfield Branch St. Bernard Hospital 9640 South Pulaski Rd. 27W460A Chicago Ave. 326 West 64th St. Oak Lawn, IL 60453 Winfield, IL 60190 Chicago, IL 60621 (restricted access)
This newsletter is a quarterly publication of HealthCare Associates Credit Union. The credit union reserves the right to add, change or delete services in accordance with applicable regulation; and all rates and terms are subject to change without notice. HACU is not responsible for omissions, errors or other information inconsistent with policy.
Little Co. of Mary Hospital 2800 West 95th St. Evergreen Park, IL 60805 (restricted access)