As a service, we have provided you, our members,
with enhanced security when you access your ABCO
Federal Credit Union information online @ our website
. These changes have to do with
how you identify yourself and gain access to your
accounts over the internet.
This new login process is called
and provides an additional layer of
protection that is considered to be a more reliable and
stronger deterrent against account hijacking and
identity theft. From now on, when you sign in to our
website you will be using Multi-Factor Authentication.
As part of Multi-Factor Authentication, you will be
asked to complete a one-time quick and easy
enrollment the first time you login to your online ABCO
Federal Credit Union account. You will now need to
– your Social Security
number will not be accepted for login. Your Member
Number is located on your Quarterly Statement in the
upper right hand corner. Your PIN that you have
created previously will remain the same.
During this initial enrollment, you will be asked to
create five security questions and answers and create
a phrase or description to go along with a security
image. Then, each time you return to login, your
image and phrase will be displayed, so you will know
immediately that it is safe to enter your PIN.
To make your login experience easier, you can
register your computer
. By doing so, each time you
login from that computer we will recognize you
immediately. If you ever login from an unregistered
computer, we will ask you to answer one of your
personal security questions to ensure your identity.
The one-time enrollment process is easy and will take
just a minute or two. By having this additional layer of
security, you will be confident that you are on the
online banking website for your ABCO
Federal Credit Union accounts. No other user or
website would be able to display the image and phrase
Enhanced security procedures
will add a way to
help combat “Pharming” – a scam that tries to lure you
to a website that resembles the ABCO website. Once
at this bogus site, scammers attempt to convince you
to give them your personal account information.
Remember, only the ABCO Federal Credit Union site
will display the security information you submit and
your security image.
To learn more about this process, please visit our
website @ www.goabco.org and click on Electronic
Authentication in the “In The News Section” or visit
the Federal Financial Institutions Examination
Council website: www.ffiec.gov/press/pr101205.htm
please do not hesitate to call
either your local Branch Office
or our Toll-Free Number
We’ve Made Our Website Safer
MULTI-FACTOR AUTHENTICATION PROCESS
NEW YEAR REMINDER
All members must maintain a minimum balance of $50.00 at all times in their Primary Share
(Savings) Account. Please take a look at your Quarterly Statement to ensure that you have the
minimum balance in your account. Effective March 1, 2007, a less than minimum balance charge of $1.50 per
month will be assessed for all Primary Share (Savings) Accounts whose balance is less than $50.00.
If you do not have the minimum balance, be sure to deposit or transfer an amount to bring your balance up to the
$50.00 minimum. You may transfer in person, by phone or online. Any questions, give us a call.
ABCO Visa Credit Card
with a fixed rate
Yes,I/We would like to move my/our high interest credit cards
to an ABCO Visa Credit Card.
Please fax this form directly to our Consumer Lending Office atFAX: (609) 877-9368 or
Call toll-free 1-800-225-1859 and speak with a loan officer.
I would like to open a NEW ABCO Visa Credit Card I have an existing ABCO Visa Credit Card
ACCOUNTS AND CURRENT BALANCES:
Please provide the following information for each card - attach additional sheets if necessary:
Credit Card Holder Name(s) __________________________________________________ _________________________________________________________________________ Mailing Address ___________________________________________________________ _________________________________________________________________________ Account Number ___________________________________________________________ Balance __________________________________________________________________
By signing below, I/we authorize ABCO to transfer my/our credit card balances to my ABCO Visa Credit Card. Name ___________________________________________________________________ Name ___________________________________________________________________ Member Number ___________________________________________________________ Address __________________________________________________________________ _________________________________________________________________________ Daytime Phone ____________________________________________________________ Cell Phone _______________________________________________________________ E-mail ___________________________________________________________________ Signature ________________________________________________________________ Signature ________________________________________________________________
Form is for initial request only. Not a guarantee of financing.
Additional information and details may be necessary.
If cards are jointly held, both parties must sign.
You started out with a 15.98% APR credit card interest rate. You were late one or two payments. Suddenly your rate bal-loons to 31%. We call that the 31% Trap! ABCO does not change your rate in this manner. Plus, your initial rate may be a lot lower. Another advantage is that ours is a fixed rate –
YOU KNOW WHAT YOU ARE GOING TO PAY EACH MONTH. You can even pay your bill online by transferring funds –
ANOTHER SAVINGS IN POSTAGE AND CHECK COSTS.
With all these advantages,
isn’t it time to put the
yellow ABCO Visa card
in your wallet!
Start The Year Off Right!
Move All Your Current
HIGH INTEREST CARDS
To A Low Fixed Rate
Don’t Have A Credit Card?
You don’t have to pay a high rate or go without a credit card.
Let us help you look for a way to get or establish credit.
Contact us for a confidential consultation.
Yes, we have
A VISA credit card is available to students with credit limits up to $2,000. With credit so very important, this is a good way to begin to establish a credit history. Properly used, it is an excellent way to purchase incidentals such as books, clothing, etc., in school.
If you (or your child) have a Student VISA Card from somewhere else, you could be paying more than you should. Or, you could have fees, terms and conditions that increase your rate.
Let us help you compare.
For VISA credit cards, contact
any Branch Office or call
toll-free @ 1-800-225-1859.
As a member/owner of the credit union, you're invited to attend the 2007 annual meeting. At other financial institu-tions, only a select few (those who own stock) are invited to the annual meeting. Customers are not invited.
But as a financial cooperative, your credit union is owned by you, and your participation in the annual meeting is one of the benefits of belonging. You'll learn about what's been accomplished in 2006, as well as service improvements planned for the coming year. Hear results of the board of directors' election, visit with your credit union friends, and enjoy a great dinner with entertainment, too.
Make plans now to join us at the 2007 Annual Meeting. Return the reservation form and mark your calendar. All members can come to the Annual Meeting at no charge. Dinner after the meeting is $15.00 per person.
If you would like to join us for a great evening
of dinner, entertainment, and a few surprises,
please complete and return the reservation form below.
Spouses, children and guests are welcome!
March 27, 2007
Place: Carlucci’s Waterfront
876 Centerton Rd., Mt. Laurel, NJ Time: 6:30 pm – Meeting
7:00 pm – Dinner Dinner Price: $15.00 each
Method of payment – Check one:
Share Draft/Check Enclosed for $___________ Please debit $___________ from my:
Share Draft Account Share Account
NAME _______________________________________ MEMBER NUMBER ______________________________ SIGNATURE __________________________________ DATE ________________________________________ Names of Members and Guests:
___________________________________________ ___________________________________________ ___________________________________________ ___________________________________________ ___________________________________________ ___________________________________________ TOTAL NUMBER ATTENDING _______ @ $ 15.00 each AMOUNT TO BE ENCLOSED OR DEBITED $ _________
DINNER RESERVATION FORM
Deadline: March 6, 2007
Bring form to: Any Branch Office
or Mail to: ABCO Federal Credit Union
PO Box 503, Rancocas, NJ 08073
or Fax to: (609) 518-6958
FOR ELECTION TO THE BOARD OF DIRECTORS
The Nominating Committee has nominated 2 members to fill 2 vacancies on the ABCO Federal Credit Union Board of Directors. Additional nominations for the Board of Directors may be made by petition.
Nominations from the floor at the Annual Meeting on 27 March 2007 will not be entertained unless unforeseen circumstances prior to the election result in an insufficient number of candidates for the vacancies. Election results will be announced at the March 2007 Annual Meeting.
How To Nominate By Petition
The petition must be signed by 1% of the members with a minimum of 20 and a maximum of 500. The petition must contain the signature, printed name and member number for each person. Nominations must be accompanied by a brief statement of qualifications, biographical data and a signed statement from the nominee that he/she is agreeable to the nomination and will serve if elected.
The petition must reach ABCO Federal Credit Union, PO Box 247, Rancocas, NJ 08073-0247 no later than February 15, 2007.
THE BOARD OF DIRECTORS
Graduate of Rutgers, BA, MA
Professor of Education at Rowen University
Member of the Credit Committee,
Personnel Policy Committee,
Education & Marketing Committee, and
Graduate of College of NJ (BA) with an MA
in Business. Has extensive experience in
finance and business.
Member of the Investment Committee,
Marketing Committee, and
Data Processing Committee.
PAY BONUS DIVIDENDS
Money Market Plus
IRA Money Funds
*APY=Annual Percentage Yield. Assumes reinvestment of interest. Money Market Accounts are computed daily and paid monthly. Minimum balances above are required to earn stated APYs. The Annual Percentage Yield may change at any time without notice as determined by the Credit Union Board of Directors. A PENALTY WILL BE ASSESSED FOR EARLY WITHDRAWAL. The APY is the prospective yield that the credit union anticipates paying for the applicable dividend period.
Hoping to encourage savings, the IRS has announced a new change to its Direct Deposit Program. Your
refund can now be split into up to three accounts. You can choose among regular savings, share draft
(checking) or retirement accounts (IRAs). The IRS will have a new Form 8888 to help. This will add more
convenience and flexibility to your savings options – especially retirement savings.
In order to do this you will need to know two important details –
1. Our Routing and Transit Number -
2. Your Member Number – which is on the upper right hand corner of your statement.
See your tax advisor for more information on these and other options from which you can choose.
Starting in tax year 2006, you can put away more money for retirement.Here are a few examples:
• 401(k) pay – in maximum increases to $15,000
• Employees born before 1957 can contribute an additional $5,000 to their 401(k),
403 (b) and 457 plans in addition to maximum pay increase noted above.
• Filers 50 or over can put an additional $1,000 into an IRA or Roth IRA over and
above the $4,000 permitted for other filers.
There is also an IRA boost for the Military. Military personnel serving in combat zones and receiving
tax-free combat pay can put that money into an IRA thanks to a new law, the Heroes Earned Retirement
Opportunities Act (HERO Act). This law permits eligible military personnel to make retroactive
contributions for 2004 and 2005 as well.
Contact ABCO to learn...
• How to take advantage of IRS Direct Deposit
• How to best use of the new split deposits option
• Which are the best savings and retirement products to match YOUR needs
• How to make the most of your 2006 tax savings.
TAX TIPS FOR 2006 RETURNS
Get Your Tax Refund QUICKLY
With IRS Direct Deposit
MONEY MARKET PLUS BONUS RATE
5.16% APY + .50% Bonus = 5.66% APY
for the entire month of December*
*Member must have $ 50,000 on deposit for the entire bonus period, July 1st through December 31st to earn the bonus.
Next anticipated bonus period: January 1st through June 30th.
IRA MONEY FUNDS BONUS RATERoth & Traditional Accounts
4.86% APY + .50% Bonus = 5.36% APY
for the entire month of December*
*Member must have $ 25,000 on deposit for the entire bonus period, July 1st through December 31st to earn the bonus.
Next anticipated bonus period: January 1st through June 30th.
AT ABCO YOU DO NOT NEED TO WORRY ABOUT YOUR INVESTMENTS OR LOSING YOUR PRINCIPLE.
A BCO Money Market and IR A accounts are
Safe and Insured
At NO Extra Charge to you, our members!
Regular Money Market Accounts are insured up to $350,000 Recently the insurance for IRA Accounts has been raised.
IRA Accounts are now insured up to $500,000
Don’t take your chances with the Ups and Downs of the Stock Market. Put your money where it will be safe and get a great rate, too.
Ask us about ALL our great investment vehicles - including rates for JUMBO rollovers. ABCO IRA ACCOUNTS
can be designated as: Traditional
Roth Coverdell (Educational) SEP & Business IRA options available.
IR A Options
IRA SHARE (Savings) ACCOUNT
$50 minimum deposit Tiered rates
IRA MONEY FUND
$25,000 minimum deposit No fixed term Higher Dividend Yields
IRA CERTIFICATES (CDs)
Various fixed terms & rates $500 minimum deposit Highest dividend yields At ABCO we have great rates and terms. Ask us to explain all your options and then consult with your tax advisor to decide which IRA (or combination of IRAs) fits for your financial objectives.
A reverse mortgage works as it implies ... the reverse of standard mortgages. Instead of paying a mort-gage company...they pay you! Reverse mortgages are for those 62 or older with little or no mortgage and pays a lump sum, credit line or monthly payment, as a loan on the equity in your home. Just like any mortgage, the mortgage com-pany will have a lien on your title, but also like any mortgage you remain the property owner. You can sell or bequeath your home at any time, just like you can any other property with a mortgage.
Who is eligible? Occupying home-owners over 62 with equity in their homes. There are no income or credit requirements because you won’t be
making any payments.
How much can I get? The amount you can receive depends on three factors – your age, equity and the current rates. We can tell you in just a minute with one phone call.
How do I receive the money? You can choose from several options or a combination of choices. 1) A lump sum, 2) a line of credit, 3) a monthly pay-ment that is guaranteed to go on for as long as you live in the home, 4) a term payment that last for a predetermined amount of years. It is common for borrowers to choose a combination of choices such as a lump sum to pay off an existing loan like a car, putting some aside in the form of a credit line for any
unexpected need and take the remainder in the form of a monthly payment to supplement income.
No payment is due until you leave your home. Should you decide to move you pay the mortgage balance at closing with the proceeds as you would any mortgage. Should you leave the home to your heirs they have the same option of selling, or paying the balance or refinancing and keeping the home.
You or your heirs will never owe more than the equity in the home – no matter how long you live, how much you have in assets or how much money you received! NEVER! You can not possibly leave your heirs with more debt than equity.
SCHOLARSHIP FORMS DUE FEBRUARY 28, 2007.
for the annual New Jersey Credit Union Scholarship Competition
10 SCHOLARSHIPS WILL BE AWARDED BY THE NEW JERSEY CREDIT UNION LEAGUE.
In addition... we, at ABCO, have our own Scholarship Program which awards additional $500 scholarships. Last year, eight ABCO Scholarships were awarded.
Any High School Senior who is an ABCO member in good standing
(or who joins ABCO when the application is submitted) can enter the competition.All winners are judged and ranked by an independent group of the NJ Credit Union League and
are based on subjective criteria such as essays and weighted objective criteria such as academic performance, extracurricular and community activities, references and personal goals. Allow some time to complete the form. ABCO scholarships are awarded based on this ranking. To obtain a Scholarship Application Form call Gina Lehman at (609) 261-4357 or
Send us an E-Mail @www.goabco.org – In the Subject Line type: Scholarship Application Please include only your name, address, phone number.
For security, do not include your Social Security or Member Number.
YOU can make a difference…
The number of scholarships ABCO awards is based on two factors - a stipend from the Board of Directors and donations from members, like you. The more we collect, the more
scholarships we can award.
PLEASE “GIVE A HOOT” – DONATE TO OUR FUNDYour donation may be tax deductible to the extent allowable by law.
A B C O S C H O L A R S H I P F U N D
Please deduct $_______from my
oShare Draft (Checking) Acct. or
oShare (Savings) Acct.
Name ________________________________________ Phone # __________________________ Address __________________________________________________________________________ City/State/Zip _____________________________________________________________________ Acct. No. ______________________ Signature ________________________________________
oI would also like to donate annually. Please deduct $ _________ every Oct. 1st from my
oShare Draft (Checking) Account or
oShare (Savings) Acct.
(I will notify you in writing if I decide in the future not to participate in this fund drive.)
I want to donate money now to
ABCO’s Scholarship Fund.
SCHOLARSHIP DONATION FORM
Please complete and return
In Person to any ABCO Branch Office;
By Fax to: 609-261-4785; or,
By Mail to: ABCO Student Scholarship Fund
P.O. Box 503
Rancocas, NJ 08073
If you are donating by check or share draft,
make your check or share draft payable to
ABCO Student Scholarship Fund.
Your donation may be tax deductible.
For complete details and to see if a reverse mortgage is right for you, contact the Mortgage Department
(609) 880-8100 or 1-800-225-1859
Let Your Home Pay You!
ABCO ATMS AT ALL BRANCHES
A $50.00 PRIMARY SHARE ACCOUNT IS REQUIRED FOR MEMBERSHIP AT ALL TIMES TO BE ABLE TO TAKE ADVANTAGE OF THE PRODUCTS AND SERVICES THE CREDIT UNION OFFERS.
Para preguntas o explicacio´n de los servicios del Credit Union,
llame al (609) 265-5620
Big City Efficiency...Small Town Friendliness
24/7 @ www.goabco.org
ABCO FEDERAL CREDIT UNION’S ROUTING AND TRANSIT NUMBER
ABCO FCU is not responsible for typographical errors, omissions or misprints in this publication.
P.O. Box 247, Rancocas, NJ 08073-0247
CAPE COMMUNITY COLLEGE
Atlantic City Campus
1535 Bacharach Blvd. Atlantic City, NJ
Cape May Campus
341 Courthouse - South Dennis Rd. Cape May Courthouse, NJ
Mays Landing Campus
5100 Black Horse Pike Mays Landing, NJ
BOB’S CORNER DELI
Located on Back of Building (Outside) 488 Delaware Avenue, Roebling, NJ
BURLINGTON COUNTY COLLEGE
Mount Laurel Campus
Located in the Break Room 3331 St. Hwy. 38, Mount Laurel, NJ
Located in the Student Book Store Route 530, Pemberton, NJ
CITY OF BURLINGTON MUNICIPAL BUILDING
Located in Front Lobby 525 High Street, Burlington, NJ
Located Inside Building (Employees only), Westampton, NJ
COOPER MEDICAL CENTER
Located on the Second Floor One Cooper Plaza, Camden, NJ
71 Pemberton-Browns Mills Road Browns Mills, NJ
Main Campus - 2 Locations
Library & Daly Cafeteria 2083 Lawrenceville Road
Westminister Choir College of Rider University
Student Center 101 Walnut Lane
24-Hour Touch-Tone Teller . . . 1-800-808-2226
Visa (eve. & weekends) . . . 1-800-453-4270
ATM/Check Card (eve. & weekends). . . 1-800-523-4175 Business Services . . . (609) 261-8875
Brian Yannerella E-mail: email@example.com *CU Insurance Service Group
*Auto & Homeowner Insurance . . . 1-866-363-4250 *All other insurances:
Business/Group Insurance, Individual Life/Disability Insurance, Long
Term Care Insurance, Pet Insurance . . . . 1-888-439-0770 **Mazzucco & Co., CPA’s,
Tax & Financial Planning . . . (856) 234-7788 **Credit Union Discount
Real Estate System. . . 1-800-236-2360 www.CUHomeDiscounts.com
*Insurance Products are offered through various insurance companies in association with CU Insurance Services Group (“CUSO”), an affiliate of ABCO Federal Credit Union (“Credit Union”). Auto, vehicles, and Homeowners Insurances are administered by The Cayemitte Group. The insurance products are not federally insured and are not obligations or guaranteed by the Credit Union, CUSO or any other affiliated entity. **ABCO Federal Credit Union provides the above benefits to our members
without opinion to the service provided.
Willingboro Full Service Banking Center
666 Beverly-Rancocas Road 1-800-225-1859
(609) 871-8227 • FAX (609) 871-9083 Mon.-Fri. 9 am-6 pm • Sat. 9 am-1 pm
Mon.-Fri. 7:30 am-6 pm • Sat. 9 am-1 pm
WILLINGBORO LOAN OFFICES
East Ridge Shopping Center 621 Beverly-Rancocas Rd.
Consumer Loan Office
(609) 880-8135 • Fax (609) 877-9368 Mon.-Fri. 8 am-5 pm
(609) 880-8100 • Fax (609) 877-3490 Mon.-Thurs. 9 am-5 pm • Fri. 9 am-6 pm
RANCOCAS VILLAGE OFFICE
215 Main St., Rancocas, NJ 08073 (609) 261-4357 • FAX (609) 261-4785
Mon.-Fri. 9 am-5 pm
ATLANTIC COUNTY OFFICE
6716 Black Horse Pike - Suite 8 Egg Harbor Twp., NJ 08234-3910 (609) 646-4246 • FAX (609) 645-0249
Mon. & Fri. 7:30 am-6 pm Tue., Wed. & Thurs. 9 am-5 pm
COOPER HOSPITAL OFFICE
(Hospital Employees Only)
1 Cooper Plaza, Camden, NJ 08103 (856) 342-2555 • FAX (856) 756-0433
Mon. & Fri. 7 am-5 pm Tue., Wed., & Thurs. 9 am-5 pm
Doubletree Center • 870 Delsea Drive Glassboro, NJ 08028 (856) 582-6300 • FAX (856) 582-6025
Mon.-Thurs. 9 am-5 pm Fri. 9 am-6 pm • Sat. 9 am-12 noon
RIDER UNIVERSITY OFFICE
(Students & Employees Only)
Student Center/Rider University 2083 Lawrence Road, Lawrenceville, NJ 08648 (609) 896-5300 • FAX (609) 896-5323 Mon. - Fri. 8 am to 4 pm Closed Daily: 12:30-1 pm WALL OFFICE
1415 Wyckoff Road • P.O. Box 1462 Wall Township, NJ 07719-1462 (732) 919-8040 • FAX (732) 938-3892
Mon. - Fri. 9 am-5 pm Closed: 1-2 pm
— OFFICE LOCATIONS —
HOLIDAY CLOSINGSJan. 15 . .Martin Luther King, Jr.’s Birthday Feb. 19 . . . .Presidents Day (Observed)
Access to over 32,000 ATMs Nationwide with your ABCO ATM/Visa Check Card.
Look for the Allpoint Logo or Goto
our website @ www.goabco.org to find a location.
M A ZZUCCO A ND
COMPA N Y, CPAs
Moorestown Office Center 110 Marter Avenue, Suite 206
Moorestown, NJ 08057 Phone 856-234-7788 Fax 856-866-2324 E-mail firstname.lastname@example.org Gar y F. Mazzucco Certified Public Accountant
Jennifer L. A nderson Certified Public Accountant
Brian W. Frampton Certified Public Accountant
Leanne Birks Certified Public Accountant
A full ser vice CPA firm providing income tax preparation,
accounting ser vices and financial planning
for individuals, businesses and estates.
Day, evening and weekend appointments available.