Welcome to Four Corners FCU
The new Mobile App is up and running!!! Bill Pay is also available now on the app. If you have an I-Phone or an Android Phone you can purchase the App for FREE. Search for Four Corners FCU and down load it. Your home banking pin works for this app. If you don't have home banking you can still use the Mobile App by entering your account number and click on the "enroll now" button. It will ask you some questions which you will need to answer and then you should be able to use it to make transfers or even set it up to pay bills through our system. If you want to do this and need help please come in and one of the staff will be happy to help you.
SKIP A PAYMENT.....
November 1st to November 20th is the time period in which you can sign up for this year's Skip-A-Payment. The cost is $20.00 per loan which is due when you sign up. This program allows you to skip ONE month of payments on your vehicles or signature loans only. It does not cover PAL or Emergency Loans. Please see the tellers or Laura May to set this up for you. The program is only for the Christmas holiday.
VEHICLE LOAN PROMOTION IN FULL SWING.....
We are offering special rates and terms on New and Used vehicles from October 15th to January 31st 2014. Come in and see one of the Loan Officers to see if you can purchase the car of your dreams or refinance the one yu purchased. Please bring a current pay stub and payoff information if you want to refinance. Now is the time to get a good deal!!!
The Credit Union will be closed on the following days:
November 27th and 28th for Thanksgiving. Friday the Payroll Deposits will be posted. We will be open on Saturday the 29th from 9:00 am to 12:00 pm (drive-up only).
December 25th, 26th, and 27th for the Christmas Holiday. Please note, we will be closed on Saturday. On Friday the Payroll Deposits will be posted.
New Year's Day, January 1st Only.
PHYLLIS IS RETIRING.....
As many of your are already aware Phyllis is retiring at the end of December. She has stopped making loans for members because she is currently performing accounting duties. The rest of her year will be spent training a new Accountant and a new Manager which will be coming soon.
The Board of Directors and Staff hope that you have an enjoyable and safe summer.
2014/2015 Vehicle Loan Promotion - October 15, 2014 to January 31, 2015
NEW VEHICLE LOAN TYPE 29 ( NO DISCOUNTS APPLY)
Rules: Vehicle must have less than 10,000 miles to be considered new. Vehicles must be new to C U and no refinancing of current financed vehicles.
MCR II (B Credit) More than 1 year of continuous employment with credit report cleared of all derogatory accounts. Last derogatory paid must be 3 months old. All obligations must be current and no bankruptcy in last 7 years. Previous performance with CU will be considered as well. Debt ratio at 40%
Rate: 6% Variable Term: 60 months 85% of Window Sticker Prices (MSRP)
MCR III (A Credit) More than 1 year of continuous employment with at least 2 years of clear credit history. All obligations must be current and no bankruptcy in last 7 years. Debt ratio at 40%
Rate: 3% Fixed Term: up to 72 months 100% of Window Sticker Prices (MSRP)
MCR IV (AAA Credit) More than 1 year of continuous employment with credit report clear for the last 5 years. All obligations must be current and no bankruptcy in last 7 years. Debt ratio no more than 42%
Rate: 2.25% Fixed Term: up to 84 months 100% of Window Sticker Prices (MSRP)
USED VEHICLE LOAN TYPE 44 2004 to 2015 used only (NO DISCOUNTSAPPLY)
MCR III & MCR IV Credit (A & AAA Credit)
MCR III Rate: 3.75% Fixed Term: up to 72 months depend on year of model NADA Retail Value
MCR IV Rate: 2.75% Fixed Term: up to 72 months depend on year of model NADA Retail Value
MCR II (B Credit)
Rate: 6.75% Variable Term: up to 60 months depend on year of model NADA Clean Trade In Value
72 Months for years 2014-2015 (Applies to MCR III & IV credit rating only)
60 Months for years 2013-2012
48 months for year 2011
42 months for year 2010
36 months for year 2009
30 months for year 2008
24 months for years 2004-2007
Giveaways: FIRST 50 LOANS WILL BE GIVEN 1 Car Wash from Octopus Car Wash
DRAWING FOR 2 $250.00 GIFT CARDS AND 5 OIL CHANGES WILL BE ON JANUARY 15TH, 2015. ONLY LOAN PARTICIPANTS WILL BE INCLUDED.
New Certificate of Deposit
GOOD NEWS….We are up and running. This is how it will work and we think you will like it. New Name: Rate Builder Certificate
- Minimum monthly deposit $100.00 for Adults and $5.00 for children under 18.
- Starting Rate will be 1.30%
- Dividends are paid monthly
- If you deposit the minimum or more your rate will increase by .033% each month for 3 years.
- In 3 years you will top out at 2.50%. It will remain at that rate for the next 2 years and the Certificate will mature at 5 years. If the rates for Certificates start rising, the Board of Directors have the right to increase the rates. They will not be lowered on the existing Certificates.
- A member can make a withdrawal during the month and if the money plus the normal deposit is put back before the end of the month the rate will increase accordingly.
- If funds are withdrawn and not put back within the month the rate will revert back to 1.30% and the interest progression starts over.
- If a deposit is not made but no money is withdrawn the rate stays the same
Rate Builder is being put in place to encourage saving for the future and not having to gather up enough funds to open the standard Certificates of Deposit ($1,000.00) or ($25,000.00). It will also give you an account that pays more and you do not have to save up $5,000.00 (normal amount necessary to start with a stock broker) to start a retirement program.
If you have questions about this certificate please call Phyllis at 598-3960 or ask any of the Board Members at your job site.
SETTING UP AN ONLINE VANGUARD ACCOUNT
If you are considering retirement in the near future, it will be in your best interest to set up your account online if you have not done so. If you are interested in rolling your 401K over to the Credit Union into an IRA it can be done very fast if you are set up. Last week a member requested his 401K to be rolled over to the Credit Union on Friday morning and it was in his account on Monday. It normally takes 2 to 4 weeks when processed through the mail. If you do not have internet available see Phyllis and she will help you set up your online account for faster processing. She can also answer any questions you might have concerning IRA’s. Currently the Credit Union pays the highest dividends on IRA’s in the area and we do not charge withdrawal fees or Annual fees. We love the opportunity to take care of your retirement funds.
DID YOU KNOW...
- If you want to renew a Pay Check Advance Loan (PAL) the tellers are able to do that for you and it is not necessary for you to wait for a Loan Officer.
- If you are a first time applicant for a PAL loan you need to bring in a pay stub to verify your employment and will need to see a Loan Officer.
- FYI. Anytime you apply for a new loan, you need to bring in your most recent pay stub.