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Membership Matters
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| Winter 2008 - In This Issue | |
2008 is an exciting year to be a member of Princeton University Federal Credit Union! From contests with great prizes to affordable loans and high-return investments, the Credit Union is here to help you start the year out right. Even CNN Money is getting in on the excitement, calling credit unions a "terrific deal" that offers "loans and savings products that megabanks can't match."
While it's frosty and cold outside, we invite you to conduct your financial business from the warmth of your own home by visiting www.princetonfcu.org. Learn more about this and all that our website offers in the Electronic Banking section of this newsletter. Now is also a great time to learn more about your credit score. Your credit score is vital to your financial profile, impacting loan rates, mortgages, etc., and it is even a determining factor in your rent payment. I advise you to visit websites like www.MyFico.com to get a free credit report and start taking control of your financial future!
At PUFCU we are always looking for ways to make things easier for you, and we're excited to introduce our new color-coded system, designed to help you navigate the printed newsletter effortlessly and to zero in on the areas that interest you instantly. Here is our new color key to help you find the articles that will help you manage your money strategically:
- Investments
- Electronic Banking
- Auto Loans, etc.
- Home Equity Loans
- Free Checking
- Fun to Belong
Cordially,
Sam Paulicelli
CEO
Investments
There is always a good reason to save, and it's never too early to get started. Maybe you are hoping to buy your first home, send your kids to college, or you just need a special vacation. We understand that all of life's big and small expenses are important to you, so we offer several ways for you to invest and watch your money grow.
Share Savings Accounts
Did you know that share savings accounts are exclusive to credit
unions - a perk of being an owner of your financial cooperative. Like
shares in any company, your share account earns dividends, which we
credit to your account quarterly. By simply having a minimum balance
of $5.00, your account will begin to earn money immediately.
IRAs
Saving for your retirement is a goal that should be set early and
continued throughout your lifetime. You are never too young to start
saving! PUFCU offers IRAs that provide more tax benefits and greater
earnings than ever before, and the amount you invest may be taxdeductible.*
Once you have money in your IRA fund, you can open
an IRA certificate with a minumum balance of $1,000, earning up to
5% APY!** Stop by the Credit Union or give us a call today about
saving for tomorrow!
Share Certificates
Share certificates are secure investments that provide high earnings
on your savings. Offered in terms of various duration, these certificates
can be purchased at the Credit Union. To get excited about saving,
go to www.princetonfcu.org to see just how much any amount will
yield over time.
Money Market Accounts
Our money market accounts are great for investors who need the
liquidity to quickly access their funds while earning a higher interest
rate than they would with a savings account. Plus, the money market
account has the extremely low minimum investment of $2,500!
ATTENTION ALL HIGH SCHOOL SENIORS!
Princeton University Federal Credit Union is proud to
be a part of the New Jersey Credit Union League
Scholarship Program. Any high school senior who is a
member of Princeton University Federal Credit Union
is eligible to participate.
Students will be competing for the statewide scholarships against other student members from participating credit unions across New Jersey. Stop by or call the credit union for an application.
All applications are due back to the credit union by March 14, 2008.
Electronic Banking
It's never been easier to manage your finances with Princeton University Federal Credit Union! Take advantage of all of the convenient and secure ways the Credit Union offers you to manage your account at www.princetonfcu.org.
These great features are all available 24 hours a day, 7 days a week:
- View your account balance, loan balances and recent account transactions
- Change or cancel payments
- Transfer funds
- Print digital images of your checks
- And many, many more convenient features
Bill Payer
The Credit Union wants to help you help the environment.all
while helping your wallet! Go green with our online Bill Payer and
significantly reduce the amount of paper used printing checks and
monthly statements. And remember the added bonus of all of the time
and stamps you'll save by paying your bills online. Just think - if you
write 30 checks a month, that's $147.60 in postage alone and 2 days
of your time over the course of a year. There is no better time than now
to embrace environmental responsibility by making a real and lasting
change to the way you pay your bills.
Call 24
Call 24 gives you all of the around-the-clock access of online banking
from the convenience of your touch-tone phone. With only your PIN
and a phone, you can access up-to-date account information any time,
anywhere. Hear your account balance, transfer funds, listen to your last
five transactions and much more by simply calling our toll free number
609-945-6200 (or 1-800-456-5038 when outside of area).
Home Equity Loans
Buying a home is one of the most important financial events in your life. The Credit Union has partnered with PHH Mortgage to help you finance this huge purchase with trust and ease. Dial PHH at 877-890-6413 and get pre-approved over the phone today!
Perhaps you would like to take advantage of the equity in your currently owned home to:
- Add an addition or deck
- Remodel a kitchen or bath
- Consolidate credit card debts
- Pay for educational expenses
We now offer an affordable 20-year term, fixed-rate home equity loan and variable-rate home equity line of credit with no closing costs. Dial 609-945-6200 and speak to a Credit Union loan department representative. PUFCU is your source for real estate loans whether you are buying a home, improving your home or consolidating.
Auto Loans, Etc.
Whether you are looking to buy a new or used car, RV, motorcycle or even a boat, Princeton University Federal Credit Union has a loan to get you moving!
The Credit Union proudly offers some of the most competitive rates for new and used cars in the area. Borrow today at 5.99% APR* for up to 60 months and save hundreds of dollars compared to other local banks currently at 7.99% APR.* Yes, that's right! If you finance a $20,000 car loan with the Credit Union, you could save over $1,100 in finance charges!
Not only can the Credit Union help put money back into your pocket, you can finance up to 100% of the purchase price including taxes and tags. In other words, there is no out-of-pocket expense for your next car purchase. Take charge of your finances and be a smart consumer by applying today.
Apply from the comfort of your own home! Simply go to the loan section of our website and click on the online loan application.
Free Checking
We understand that you have plenty of great ways to spend your money, so why waste your money with other banks that charge for checking and unnecessary service fees? Princeton University Federal Credit Union members enjoy:
- Free checking
- No monthly service charges
- No minimum balance
- Automatic overdraft protection when linked to an existing PUFCU savings account or personal line of credit
- Competitive interest rates
- And the peace of mind knowing that your money is safe with Princeton University Federal Credit Union
Congratulations!
Congratulations to Lynne Johnson, who referred a friend
to the credit union and won our 32"
flat screen,
high-definition television!
Welcome New Select Employee Groups!
We are pleased to welcome
new select employee groups
to the Princeton University Federal
Credit Union family:
- American Boychoir School
- Batallure Beauty, LLC
- Hyatt Place
- Hyatt Regency Princeton
- NRG Energy, Inc.
- Pennington School
- Segal McCambridge Singer & Mahoney
- Sopherion Therapeutics
- Szaferman, Lakind, Blumstein, Blader & Lehmann, PC
- Volvo of Princeton
If you have a spouse or friends who aren't already part of a select employee group, make sure to tell them about all of the great perks and send them to the Credit Union to learn more today! And when their company signs up, it will be a sweet deal for both the company and the employees.
It's Fun To Belong
Princeton University Federal Credit Union believes that giving back, both to our members and to the community, is what a credit union is all about.
Members of the Credit Union enjoy many exciting, fun benefits in addition to all of the great financial benefits, and in this past year we have made it our mission to show you just how much we appreciate your loyalty. Thanks to everyone who came and took part in events like International Credit Union Day on October 18th and the 1st Annual Member Appreciation Day, which was founded to honor JoAnn Forker's dedication and service to our members over her 20-year employment at Princeton University Federal Credit Union.
Giving Back
We were thrilled to learn that our members are as passionate about
giving back to the community as we are. This past holiday season,
many members showed their commitment to caring by donating to the
annual Toys for Tots drive. Thanks to our members, we were able to
bring joy to many children this holiday.
The generosity of our members did not stop there! With the help of members like you, we were able to donate several hundred pounds of healthy, non-perishable food to HomeFront. Your donations were used to break the cycle of hunger in central New Jersey's homeless population.
On October 29th we had Member Appreciation Day. In memory of JoAnn Forker and her 20 years of service, a plaque was dedicated in her honor. Pictured right is her granddaughter Jessica, mother Vivian and daughter Christine.
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