Home Loans Designed
to Fit Your Budget
Buying a home or refinancing your current one? Educational Systems FCU is here to help redesign your mortgage with flexible financing options that work with your budget and your needs. Plus, we’ll always be here to answer questions and protect your financial future.
Your Mortgage Starts Here & Stays Here
Qualify for a home loan at
Educational Systems FCU and we’ll be here to help you for decades to come. That’s because from start to finish, we’ll service your home loan. 30 years down the road when you’re making your last payment, you’ll be coming to the credit union to collect your deed and a high five!
Choose Your Terms
The Educational Systems FCU First Mortgage team is ready to help you with 15- and 30-year terms, as well as ARM (adjustable rate mortgage) options, FHA loans and more. We can even show you how buying a few points can lower your monthly payments.
Your Loan is Here
Just ask how to redesign your mortgage and we’ll walk you through the process, explain your options, and help you do what’s best for your financial future. Get more info and apply online at esfcu.org. Or just give us a call at 301.779.8500 (toll free 800.356.6660).
Redesign your
mortgage
We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. Mortgage rates are subject to change without prior notice. Membership and credit requirements will apply. Please contact one of our mortgage specialists for details.
What You Need
to Get Started
Before applying for your home loan, gather some of these important documents. Being prepared will save you time. It could even save you money. 1. Paycheck Stubs and your W2: Bring
stubs from your past three months of employment.
2. Bank & Investment Statements: Gather up statements from the past three months.
3. Tax Documents: Find your tax documents from the prior two years. 4. Gift Letter or Paper Trail: If someone
in your family will be gifting you the down payment, get them to write a gift letter or at least show the paper trail for the gift.
5. All Loan Documents: Sure, your loans will show up on your credit report, but when you have these documents, it can often save time while filling out documents.
SPRING 2012 | esfcu.org
AnExchange
Drive Home Happy
With a Great Deal & No Payments for 90 days!*
Drive home from the dealership happier with a new or used vehicle and financing from Educational Systems FCU. When you do, you’ll get a great rate as low as 1.49% APR for new vehicles. Plus, you won’t need to make a single payment for up to 90 days. That’s three months of free driving.
“Auto”matic Savings Tactics
Tips to Save on your Next Auto Purchase
Aside from knowing someone who can build you a vehicle, there are ways to save money when buying a new or used car.
1. Do Your Homework: Choose the make and model you want before going to the dealership. Know what options are included and how much they cost. If you don’t need it, don’t buy it.
2. Set Your Budget: Pre-qualify at Educational Systems FCU and you’ll know exactly how much car you can afford.
3. Keep Us on Your Side: We won’t finance a vehicle if the dealer has overpriced it.
4. Get Your Insurance Quote: Before buying, it’s good to know how much your new vehicle will add to your insurance premiums. Call Nationwide Insurance at 301.623.3121.
First Time
Homebuyer?
Here are Tips to
get you Prepared!
Buying a home can be very exciting. But first, you’ve got to do your homework. Here are some quick ways to ensure you’ve got your finances in order before applying for one of the biggest purchases you’ll ever make.
• Stay on Budget. Don’t forget
to include maintenance, extra utilities, property taxes, HOA dues, insurance and more. When you total it up, it shouldn’t exceed 35 percent of your net pay.
• Save Up Some Cash. In today’s
economy, you’ll need some money for a down payment. Maybe not 20 percent, but the more you put down the lower your mortgage payment will be every month. Plus, when you reach 20 percent in home equity you can forgo Primary Mortgage Insurance (PMI), saving you money every month.
• Take Care of Your Credit. Before
applying for a mortgage, pull a copy of your most recent report from Experian (experian.com), TransUnion (transunion.com) and Equifax (equifax.com). Download your free copy at
annualcreditreport.com
or call 877.322.8228. Be sure to look for errors in your reports and monitor your FICO score.
New Cars!
1.49
%
for up to 36 Months Used Cars!2.24
%
for up to 36 Months APR** APR***Finance Your Ride
Stop by one of our branches and get pre-qualified or look for a Credit Union Auto Loan Network affiliated dealership and simplify the entire process. From start to finish, your favorite dealership will be able to sell you the car you want and process your Educational Systems FCU financing all at once.
Insurance for Your Car and Credit
With all the cars on the road, it makes sense to protect yourself not only with airbags but also with insurance to cover your car and your credit. Ask about
Guaranteed Auto Protection (GAP) when financing your new or used vehicle. If your vehicle is totaled, your insurance will only pay what the car is worth, leaving you to pay the difference between what you owe and what insurance covers. GAP Insurance covers that “gap” with a small addition to your monthly payment.
No Payments for 90 Days
Get the deal you’ve always wanted and the payments you deserve. Apply online within Online Banking, stop by one of our branches or call 301.779.8500 (toll free 800.356.6660).
*Members who finance a new or used auto, or refinance their existing auto from another institution between April 2nd and June 30th will receive deferred payments for 90 days. Interest will continue to accrue during the deferred period.
**1.49% Annual Percentage Rate (APR) is a fixed-rate on new auto loans financed for a maximum term of 36 months. 100% financing is not to exceed Manufacturer’s Suggested Retail Price (MSRP). Other loan rates and terms are available on new autos. Applications are subject to credit approval, and actual rate is based on your credit history. All rates are subject to change without prior notice. ***2.24% Annual Percentage Rate (APR) is a fixed-rate on used auto loans financed up to 125% of the NADA Trade Value for
a maximum term of 36 months. Other loan rates and terms are available on used autos. Applications are subject to credit approval, and actual rate is based on your credit history. All rates are subject to change without prior notice.
All Access with CU 24
Your Educational Systems FCU Visa® Debit Card nowgives you surcharge-free access to your cash at Credit Union 24 Network ATMs across the country and around the world. Just look for the Credit Union 24 “CU Here” logo, use your secure personal identification number (PIN) and you’ve got all access to your money.
Find an ATM Near You
Visit esfcu.org and enter your location for a list of ATMs near you.
✓
✓
✓
Convenience
is in our DNA
Saving You Time
and Money
One click over to esfcu.org and you’ll quickly discover a long list of convenience services. From BillPayer to
My$Dashboard, e-Lerts
and more, we’re here to help you add some time back to your day.
-New
There’s a way to see all of your finances in one spot in Online Banking. It’s called My$Dashboard and it allows you to pull balances from all of your accounts—even those from other financial institutions and credit cards. This is a great way to track your spending, create goals and really manage your finances. You’ll find the My$Dashboard tab at the top of Online Banking just after you login.
Mobile Banking
Got a smartphone? You’re in luck because you can now do your banking from just about any wireless phone with Internet access. View account balances, transfer funds and more.
eStatements
Do your part for the environment, your Credit Union and your personal identity with eStatements. All you need to do is give us your email address in Online Banking and we’ll let you know when your account statements and notices are available in Online Banking.
Online Bill Payer
With Online BillPayer, you’ll never have to write a check again. Pay just about anyone anywhere with a few clicks. Got a bill with a set monthly payment? Set it up for recurring payments and let us remember to make the payment for you.
To get more information on any of these services please visit us at esfcu.org or give us a call at 301.779.8500 (toll free 800.356.6660).
Celebrate Cinco de Mayo!
At Tom Hodges Auto Sales! May 5, 2012!
Quick Financing
Great Deals
Big Savings
Your Membership will Save You Money
Come on out to Hollywood, MD for some great deals at Tom Hodges Auto Sales on Saturday, May 5, 2012, from 9 am to 5 pm. There, you’ll find over 120 cars or trucks, all at incredible prices. Plus, an Educational Systems FCU loan officer will be on-site to get you approved for your new auto right there at the dealership.
No Payments for 90 Days!*
If you live, work, or have children who attend a school in St. Mary’s County, this is a perfect opportunity for you to take advantage of this special sale and loan rates!
Enjoy the Family Fun
Bring the family, because Tom Hodges has planned a day full of fun and savings! There’ll be plenty of free hotdogs, hamburgers, chips, soda and great deals for everyone.
Tom Hodges Auto Sales
24179 Mervell Dean Road Hollywood, Maryland
301.373.8747
* Members who finance a new or used auto, or refinance their existing auto from another institution between April 2nd and June 30th will receive deferred payments for 90 days. Interest will continue to accrue during the deferred period.
Prince Frederick
New Branch Location
Opening this Summer
We are pleased to announce that our Prince Frederick, Maryland branch will be moving to a new location this summer. Members who frequent this branch will take advantage of new perks to include full-service capabilities, new drive-up ATM, plenty of parking and easy access. Stay-tuned, and visit us at esfcu.org for grand opening information!
Our In-School Program is Growing
Congratulations to New Locations Added
We’re all about supporting our members where they work, learn and play. We’ve recently added two new In-School Branch locations in the Prince George’s County Public Schools system. With the addition of our two newest branches, this marks over 40 In-School Branch locations in the counties that we serve!
Thomas Johnson Middle School
Opened as of January 26, 2012
Lewisdale Elementary School
Opened as of February 2, 2012
Christian Rosa, Bilingual In-School Branch Representative; Ms.Haith Belgrave, Principal; Christian Mendez, Assistant In-School Branch Manager
Dr. C. Michael Robinson, Principal;
Brenda Rosario, In-School Branch Manager; Ingrid Villela, Bilingual Character Education Support Coordinator; Christian Mendez, Assistant In-School Branch Manager
Be a
Credit Union
Super Saver!
National Credit Union
Youth Week
TMApril 22-28, 2012
Join us at every branch location during National Credit Union Youth Week for super prizes, super fun and super ways to save! We’ll be handing out goodies for the kids and helping you turn your little ones into Super Savers!
Here are some quick ways to help give your kids super financial powers.
Open an Account: If they don’t have
their own account at the credit union, open one for them. Teach them to fill out deposit slips and why it is important to save for the future.
Share Your Wisdom: Show them
the family budget, and invite them to help with financial decisions.
Shape Their Future: Be a good
role model by saving, spending and
Prince Frederick Branch
New Location
705 Prince Frederick Blvd. Prince Frederick, MD
Our
Community
Corner
Students “Pinch Onto Books”
with the Blue Crabs
Educational Systems FCU and the Southern Maryland Blue Crabs have teamed up once again to promote reading in the Southern Maryland Elementary Schools. This year, students had the opportunity to read for a Blue Crabs game ticket with the “Pinch Onto Books” reading program. Best of all, the school that read the most books won a pizza party!
The pizza party will be delivered by the Blue Crabs players and their mascot, Pinch. Educational Systems FCU will be there to take part in all of the fun! The winning schools that read the most books were:
St. Peter’s Catholic School (Charles County) Calvert Elementary School (Calvert County) Dynard Elementary School (St. Mary’s County)
Reading game nights are listed below. Great job to all of our hard working readers!
Readers Hit
a Home Run
with the Bowie
Baysox & Louie
Each season, Educational Systems FCU and the Bowie Baysox look for two poster designs to kick off the “Read and Hit a Home Run” program. This year, Caroline Cooney from Whitehall Elementary won for Prince George’s County and Myles Williams from William Wade Elementary won for Southern Maryland.
The posters will be displayed in elementary and middle school classrooms of schools that are participating in the program.
Students Get Free Game Tickets
In order to receive a free ticket to a special Baysox game, each student must read four books in addition to their regular
curriculum. These students also have the opportunity to participate in a pre-game parade with their fellow classmates and teachers. “Reading is fundamental to a lifetime of learning,” says Vic Samuels, Vice President of Community Relations. Congratulations to the 33,260 students in Prince George’s County schools and 11,211 students in our Southern Maryland schools who met the reading challenge last year.
As a “Member Appreciation,” the Bowie Baysox is offering a special discount to all Educational Systems FCU members. If you would like to attend any game this season,
purchase your tickets at baysox.com, enter promotional code: ESFCU, and receive a discount on your ticket!
Myles Williams
William Wade Elementary School Southern Maryland Public Schools
2012 Annual Prince George’s
County Spelling Bee
Congratulations to Hannah Thomas of Martin Luther King Jr. Middle School for winning the 2012 Annual Prince George’s County Spelling Bee. Once again, it was a wonderful event filled with complicated words, like this year’s winning word Madeleine!
Educational Systems FCU was proud to sponsor this year’s annual event. All 29 participants studied and did an outstanding job.
Hannah will be competing in the Scripps National Spelling Bee at the National Harbor in Washington, D.C. We wish our winner the best of luck!
Blue Crabs Reading Nights:
Friday, April 27 7:05 pm Saturday, April 28 6:35 pm Friday, May 18 7:05 pm
Bowie Baysox Reading Nights: Southern Maryland Friday, April 6 7:05 pm Saturday, April 7 2:05 pm Prince George’s/Montgomery Friday, April 20 7:05 pm Saturday, April 21 6:35 pm Carolyn Cooney
Whitehall Elementary School Prince George’s County Public Schools
SPRING 2012 | esfcu.org
Spelling Bee Winner Hannah Thomas
who is a student at Martin Luther King Jr
. Middle School.
Saving You More Money
Sprint Savings Offer
We’re always finding ways to save you more money. As an Educational Systems FCU member, you are now eligible for the Sprint Credit Union Member Discount Plan.
• 10% Off* most regularly priced Sprint individual service plans
• 15% Off* most regularly prices Sprint business service plans
Sprint will even waive the activation and upgrade fees.* Best of all, this offer is available to new and existing Sprint customers.
To Get Your Discount
Visit LoveMyCreditUnion.org/Sprint, call 877.728.3428 and reference Corporate Code:
NACUC_ZZM, or visit your nearest Sprint Store and
tell them that you are an Educational Systems FCU member. Be sure to provide proof of your Credit Union membership.
* Application of discount requires 2-year contract extension on existing plans. Waived activation fee on new activations only. Verification of membership is
Spring is a great time for a home improvement project. Now you can finance that new deck, hot tub, shower enclosure and more with an Educational Systems FCU Visa® Credit Card. Choose a card that gives you double
points with every purchase, go for the gold and enjoy a great rate and terms, or a card with no annual fee.
If that wasn’t great, you can also take advantage of our CardsYouDesign program that allows you to personalize your Visa Credit Card using a photo of your family, pet or favorite photo. In just a few steps, transform your credit card to be 100 percent reflective of you! To apply today at esfcu.org, stop by any branch or call 301.779.8500 (toll free 800.356.6660).
“Charge” Forward with Your Spring Projects
Apply for a Visa Credit Card Today!
Visa Rewards
• Rates starting as low as 3.25% APR*
• Earn double points • No balance transfer or
cash advance fees • $50 annual fee
* Variable interest rate-index (Prime Rate) + a Margin. Maximum interest rate (will never exceed) 18.00%.
Visa Gold
• Rates starting as low as 12.9% APR*
• $35 annual fee
• No balance transfer or cash advance fees
* Interest rate is based on credit score.
Visa with No Annual Fee
• Rates starting as low as 9.25% APR*
• No annual fee
• No balance transfer or cash advance fees
* Variable interest rate-index (Prime Rate) + a Margin. Maximum interest rate (will never exceed) 18.00%.
Attention:
Prince
George’s County 10
Month Employees
Summer is just around the corner. Please
remember if you have a loan on payroll deduction and you did not opt for the summer skip option, we will not receive payments during the summer. June 8th will be the last payroll deduction until August 31st. Please keep in mind you must make direct payments during this time period to keep your loans current with us.
Review your loan to make sure you have summer skip. If you do not, there is still enough time to inquire about summer skip options with one of our member service representatives at 301.779.8500 (toll free 800.356.6660), or stop by one of our branch locations.
Educational Systems FCU
Wins the 2011 Education
Credit Union Council
Award for FoolProof
®
Educational Systems FCU was honored to receive the 2011 Education Credit Union Council’s (ECUC) “It’s About People Helping People” FoolProof Excellence Award for our work in the area of financial education! The award was presented at the 2012 ECUC Annual Conference in Savannah, Georgia in February, 2012.
FoolProof is an online education program designed to meet members at every stage of their lives, from the high school student with questions about life and college, to the married couple wanting answers about childcare and mortgage payments. It’s about empowering Educational Systems FCU members with unbiased information on many topics.
Learn as You Go
Wherever you are in life, there’s a FoolProof class for you. Each class is called a module, and the modules you take add up to an entire curriculum on a wide range of topics. Does it feel like school? Will you learn a lot? Is it fun? The answer to all three questions is a resounding, “Yes!”
FoolProof is Free
There’s no catch or obligation and you will not be sold anything. It’s just a chance for members from all walks of life to improve their financial future.
For more information on FoolProof please visit esfcu.org, call 301.779.8500 (toll free 800.356.6660), or stop by any branch and ask about this free service today.
Board Members and staff proudly accepted the award.
Left to right front row: Eva Chesley, Vice Chairman; Nahid Moghadam, VP Member Services; Vic Samuels, VP Community Relations; Rosemary Brinkley, Chairman; back row: Maurice Erly, Treasurer; John Neville, Director; George Denny, Director; Chris Conway, President/CEO; Alonia Sharps, Director.
Marketing Wins
CUNA Diamond
Award for
Financial Literacy
Every year the Credit Union National Association (CUNA) recognizes credit union marketing initiatives and expertise with their annual Diamond Awards competition. This year, Educational Systems FCU was honored to be chosen for two awards at the CUNA Marketing & Business Development
Conference in New Orleans, Louisiana. One for the “Free Your Ride” auto loan campaign that members saw during the summer of 2011, and a Financial Literacy Award for implementation of the FoolProof program in local high schools.
CUNA Diamond Awards: Mary Harris, Marketing Manager accepts Diamond Awards for Complete Campaigns and Financial Education Marketing.
Corporate Office Mailing Address P. O. Box 179, Greenbelt, MD 20768-0179 301.779.8500 | 800.356.6660 Fax: 301.985.4661 | www.esfcu.org Branch Locations Bowie Branch
Duvall Village Shopping Center 4801 Glenn Dale Road, Bowie, MD
Upper Marlboro Branch
Washington Plaza
8903 Presidential Parkway, Suite 100, Upper Marlboro, MD
Waldorf Branch
Smallwood Village Shopping Center 169A Smallwood Village Center, Waldorf, MD
Greenbelt Branch
Maryland Trade Center
7500 Greenway Center Drive, Suite 140, Greenbelt, MD
California Member Service Center
San Souci Plaza
22599-122 MacArthur Blvd., California, MD
Prince Frederick Member Service Center*
Manning Building
165 Main Street, Suite 90, Prince Frederick, MD
*No Teller Services
Executive Officers
Chris Conway
President/CEO
Girado Smith
Senior Vice President/CFO
Wayne Beall
Vice President/CIO
Laura Eacho
Vice President, Lending and Collections
Victoria U. Samuels Vice President, Community Relations Nahid Moghadam Vice President, Member Services Board of Directors Rosemary Brinkley Chairman Eva Chesley Vice Chairman Maurice Erly Treasurer Dr. Jerome Clark Secretary John Neville Director George Denny Director Alonia Sharps Director Supervisory Committee Members W. Cecil Short Chairman Michele Winston Secretary Alonia Sharps Member Ronald Ott Member
Memorial Day Monday, May 28
Independence Day Wednesday, July 4
Labor Day Monday, September 3
Columbus Day Monday, October 8
Veterans Day Monday, November 12
Thanksgiving Day Thursday, November 22
Christmas Day Tuesday, December 25
Who’s Who 2012 Holiday Schedule
Locations
NCUA Your savings federally insured to at least $100,000 and backed by the full faith and credit of the United States Government National Credit Union Association, a U.S. Government Agency
P.O. Box 179
Greenbelt, MD 20768-0179
All Card Services
The phone number is 800.356.6660. You will be prompted to press 2, enter your account number and follow the prompts to report a lost or stolen Visa®Credit or Debit Card.
Hours for Branches and Member Service Centers Lobby Hours Monday—Thursday 9:00 am - 5:00 pm Friday 9:00 am - 6:00 pm Saturday 9:00 am - 1:00 pm Drive-Thru—Bowie Branch Monday—Friday 8:00 am - 7:00 pm Saturday 9:00 am - 1:00 pm ATM Locations
24-Hour ATM Access at the above Branches and Member Service Centers
Drive-Up ATM
Waldorf Branch Parking Lot 24/7
For added convenience, an ATM is also located at the Charles County Board of Education
5980 Radio Station Road, La Plata, MD Monday—Friday, 8:00 am - 4:00 pm Prince George’s Community College Largo Student Center
301 Largo Road, Largo, MD Monday—Friday; 8:00 am - 10 pm
Mark Your
Calendar &
Save the Date!
56th Annual Meeting
Thursday, April 26, 2012 Registration: 5:00 pm Meeting: 6:00 pm
Location: Greenbelt Marriott
(6400 Ivy Lane in Greenbelt, MD)
All Educational Systems FCU members are invited to attend our 2012 Annual Meeting. Nominated for the Board of Directors are returning members, Rosemary Brinkley, Maurice Erly, and Alonia Sharps, each for a three-year term. Since the number of nominees equals the number of seats up for election, no balloting will be required.
Your savings are insured up to $500,000. Your savings are federally insured up to at least $250,000 by the National Credit Union Administration (NCUA), and backed by the full faith and credit of the United States Government. An additional $250,000 of coverage is provided by Excess Share Insurance (ESI), a private corporation. Traditional and Roth IRAs are insured up to $250,000 by NCUA and up to an additional $250,000 through ESI, all at no cost to you.
Try BALANCE
Feeling financial stress? As a benefit of your Educational Systems FCU membership, you have access to BALANCE Financial Fitness Program. Free budget and debt counseling is available Monday through Thursday, 5 am to 8 pm, Friday, 5 am to 5 pm, and Saturday, 8 am to 5 pm (PST).
Relieve the pressure. Call BALANCE toll-free 888.456.2227 or visit balancepro.net. Bryn Vaupel Vice President, Marketing SPRING 2012 | esfcu.org
