Delivering exceptional service to members and their families since 1925.
Keynotes
First Quarter • 2015
It was 1922. Atlanta Post Office employee, Claude M. Harrell read an article in Colliers Magazine about
businessman and philanthropist, Edward Filene of Boston. Mr. Filene was establishing and promoting a new kind of cooperative financial institution - the
credit union. The credit union was a financial institution organized and operated by people who worked together and helped one another save and borrow money at reasonable rates. Those were extremely tough times economically for Harrell and his coworkers. Salaries were very low,
and Atlanta was headquarters to many “shady lenders” who charged people extremely high rates to borrow money. Mr. Harrell believed a credit union could help improve the financial well-being of postal employees in Georgia. But, Georgia did not have the necessary laws to allow for these not-for-profit financial institutions.
Getting legislative support to enact the necessary laws would prove to be a monumental effort. Mr. Harrell and other postal employees spearheaded attempts to obtain the legislative authorization to form a credit union. Initial attempts failed, but success finally came during the final hours of the legislative session on August 27, 1925.
Don DeCinque President / CEO By an act of the General Assembly of the State of Georgia, Atlanta Postal Credit Union’s charter was granted. Thus began APCU and the credit union movement in Georgia.
Ninety years later, Atlanta Postal Credit Union, starting with just a few pennies, nickels, and dimes, is now an
organization that has in excess of $2 billion dollars in assets. Over the years, we have had the privilege to serve the financial needs of members and their families around the world now numbering more than 111,000 strong. Our focus has always been clear. Giving our members and their families’ excellent service, saving them money, providing a safe and sound place to conduct their financial business, and helping them prosper. This is the same set of guiding principles established in 1925.
We are proud of our long, rich history. We sincerely appreciate the loyalty of our members who have been with us throughout the years. We look forward to our continued relationship with those most important to the success of this credit union – our members.
APCU - Georgia’s First
Credit Union -
Celebrates 90
Loan rate is quoted as an Annual Percentage Rate (APR) and is subject to change without notice. Rate example is quoted for a 2011 or newer model year auto with a 60-month repayment period. In these examples the rebate amount of $2,500.00 is applied as a cash down payment on the vehicle purchase price result-ing in a lower total amount to be financed. Additional rates and terms are available. Ask for details. Rate shown is the lowest available for the listed term as of March 31, 2015. All loans are subject to approval of credit. Your actual rate is based upon your credit history. APCU is an Equal Opportunity Lender.
Should you take the dealer’s 0% financing or the $2,500 rebate and finance with your credit union?
When it comes to auto loans, you’re better off coming to APCU for the loan rather than financing through a dealer and passing up a hefty rebate. Here’s why. At a dealership . . .
• Only consumers with the very best credit history qualify for the 0% rate.
• Consumers are required to choose either the promotional rate or rebate — not both. • Promotional rates only apply for short term
loans, usually 36 months or less, resulting in higher, less affordable monthly payments. • Promotional rates only apply to slower-selling
vehicles or those currently in stock, not the vehicle you really want.
• Hidden application or prepayment fees can be buried in the fine print and may substantially reduce your savings.
With an APCU auto loan, you pick the vehicle and a financing term that works within your budget. The credit union will automatically give you the lowest rate for which you are qualified, and there are no hidden fees. Take a look at the example below and see just how much you could save on your next auto loan financed by APCU.
What are you
waiting for? Apply today!
0% Rate
vs. Cash Rebate
Compare! You could pay less by taking the rebate and financing with APCU!
Dealer APCU Dealer APCU
Sale Price $15,000 $15,000 $20,000 $20,000
Dealer Rebate – $2,500 – $2,500
Amount Financed $15,000 $12,500 $20,000 $17,500
Interest Rate (60 mo.) 0% 1.75% APR* 0 % 1.75% APR*
Total Interest – $565.10 – $791.12
Total Payment $15,000 $13,065.10 $20,000 $18.291.12
Total Savings at APCU $1,934.90 $1,708.88
Have you ever stopped and wondered if a zebra is white with black stripes, or black with white stripes? You can drive yourself wild thinking about some things. Other things, like saving at APCU, are no-brainers.
This April, APCU, along with thousands of credit unions nationwide, will be celebrating National Credit Union Youth Month. This year’s Youth Month theme is “Wild About Saving”. And, we want you to be part of the celebration.
Here’s how:
Simply make a deposit of $25 or more into an existing youth account, or open a new youth membership anytime during April 2015. Every young member who makes a $25 or more deposit to his/her APCU account during Youth Month will receive a special safari-themed stationary set with a message from the credit union. It’s that easy!
Every member counts at APCU, and our young members are no exception. Please join us as we celebrate Youth Month, April 1, 2015 through April 30, 2015, by helping all the members of your family, including those 24-years old and younger, get wild about saving at APCU. Remember, credit union membership is a gift only you can give and it lasts a lifetime.
For more information, contact us at (404) 768-4126 or Toll-free at (800) 849-8431.
* One stationary set per Primary Share Account. Primary account owners must be between the ages of 0-24. Deposits must be received and posted to the account between April 1, 2015 and April 30, 2015.
Tired of paying too much for your cell bill? We don’t blame you. So we’re helping you save with the Sprint Credit Union Member Discount from Love My Credit Union Rewards. As an APCU member, you can save on your monthly wireless bills – plus have your activation and upgrade fees waived.
Our members can get:
• 10% discount on select regularly priced Sprint monthly service
• Activation fee on new lines waived (up to $36 in savings)
• Upgrade fee waived (up to $36 in savings)
3 Ways to Get Your Discount:
• Call 877.SAVE.4CU (877.728.3428) and let them know you’re a credit union member.
• Click LoveMyCreditUnion.org/Sprint • Visit your nearest Sprint store
Current and new Sprint customers will need to verify credit union membership to take advantage of these exclusive discounts. Visit www.Sprint.com/verify or download the Love My Credit Union Rewards app in the Apple App Store or Google Play to verify your membership. Stop paying too much for your wireless services, start saving with the Sprint Credit Union Member Discount today.
APCU Members Save Big with the Sprint
Credit Union Member Discount
NO
CLOSING
COSTS
But hurry!
The No Closing Cost
Promotion ends
June 30, 2015!**
Call today!
Are you thinking of purchasing a home, refinancing your mortgage loan, or applying for a second mortgage? If so, APCU has great news for you!
For a limited time only, if you finance or refinance a mortgage loan with APCU, there are no closing costs*. Even if you already have a mortgage financed with us and would like to refinance and take out equity in your home, you could still qualify for our
No Closing Cost Promotion!
At APCU, our mortgage loan programs are designed to give you exceptional value and affordability:
• Choose from a broad range of mortgage loan programs to suit your needs
• Enjoy competitive rates and flexible terms • Experience peace of mind knowing that your
mortgage loan is financed with people you know and trust
* First Mortgage Loans must be for $25,000 or greater and Second Mortgage Loans must be for $10,000 or greater in order to qualify for the No Closing Costs Promotion. At closing, the borrower(s) will receive a credit on their Settlement Statement for upfront fees. APCU will pay the Closing Costs (Origination Charge, Tax Service Fee, Title Services and Lenders Title Insurance, Owners Title Insurance (purchases only), Recording and Transfer Charge and Pest Inspection Fee (purchases only). Borrower(s) are responsible for paying the Appraisal Fee (range of fee is $300-$765), Credit Report Fee, and Flood Certification Fee (upfront fees) at the time of application. If the borrower(s) does not close the loan, the borrower(s) will not be refunded the upfront fees. If the borrower(s) refinances their existing APCU First Mortgage Loan or APCU Second Mortgage, they must take out an additional $15,000 or more above the current mortgage payoff in order to qualify for the No Closing Cost Promotion.Property Insurance is required. Mortgage cannot be paid off within 36 months of original financing date.
** Loan Applications must be in progress with APCU’s Loan Department by June 30, 2015.
Financing or refinancing your home has never been so easy or affordable. Just call one of our mortgage experts at (404) 768-4126 or Toll-free at (800) 849-8431 and let them help you find the mortgage program that works best for you.
Financing By:
Name: Member #:
D.O.B. S.S. #
Address:
City: County: State: Zip: Home Phone: ( ) Work Phone: ( ) Purpose of Loan: Approx. Term: Amount Requested: Security Offered: Employer:
Address:
City: State: Zip:
Position: Length of Employment: Income (current):
Additional Income: Source:
Total Current Annual Income:
Debts Lender Balance Payment Mortgage/Rent
2nd Mortgage Auto Auto Total
Ask us about our Debt Protection Plan. Payment Options (check one):
r Deduct monthly from
r Savings r Checking
r Payment date requested: __________ r Deduct biweekly from
r Savings r Checking
r Pay direct by mail or in person
I understand that the credit union will retain this application whether or not it is approved. The credit union is authorized to check my employment history and credit report.
Signature:
For a mortgage application, call (770) 921-7091 or Toll-free (800) 849-8436.
Please Print
Dividend News
APCU paid a quarterly share dividend of
.499% with an Annual Percentage Yield of
.50% for the first quarter. Dividends are
compounded and credited to your
account quarterly.
Dividends will be computed by applying a
periodic rate to the balance in the account
for each day of the dividend period.
Deposits begin earning dividends on
the day of deposit.
If you close your share account before
dividends are paid, you will not receive the
accrued dividends. No dividends are paid on
balances below $50.00 except on youth accounts.
Board of Directors
Moses M. Spence, Chairman
Royce L. Jackson, Secretary
Katherine S. Brown
Donald A. DeCinque
David Disharoon
J.T. Middlebrooks
H. Preston Mulkey
David ‘Jabo’ Patterson
Bud Wilkinson
Sam B. Dowdy - Director Emeritus
Supervisory Committee
David ‘Jabo’ Patterson, Chairman
Robert L. Harris, CPA
Herbert W. MacNabb
John McCormack
Janet Spruell
Credit Committee
Katherine S. Brown, Chairman
J.T. Middlebrooks
Tim Payne
Roy G. Rainwater
Betty Ranson
Loan Application
KeyNotes is published quarterly by Atlanta Postal Credit Union. Your comments are always welcome. Please send your comments to the
Marketing Dept., Atlanta Postal CU, 400 Tradeport Blvd., Suite 401, Atlanta, GA 30354.
This credit union is federally insured by the National Credit Union Administration.
Delivering exceptional service to members and their families since 1925.
New and Used Auto Loans 2011 and newer
$25,000 and over 2010 and older
Other Collateral Loans*
$35,000 and over
Personal Loans
Share or Certificate Secured**
100% of balance on deposit
Partially Share Secured***
75% of balance on deposit 50% of balance on deposit 25% of balance on deposit 75% of balance on deposit 50% of balance on deposit 25% of balance on deposit % Above Term Discount Index 36 mos. 48 mos. 60 mos. 72 mos. 84 mos. 48 mos. 60 mos. 48 mos. 60 mos. 120 mos. 36 mos. 48 mos. 2.00% 36 mos. 2.00% 36 mos. 1.50% 36 mos. 1.00% 48 mos. 2.00% 48 mos. 1.50% 48 mos. 1.00% Annual Percentage Rate (APR) 1.55%-12.75% 1.65%-12.75% 1.75%-13.50% 2.00%-14.25% 2.75%-15.25% 4.00%-14.00% 4.50%-15.50% 6.50%-14.50% 7.00%-15.00% 7.75%-15.75% 8.40%-15.40% 8.90%-16.90%
Rates are current as of March 31, 2015
* Other Collateral: Motorcycles, Personal Watercraft, Recreational Vehicles, Campers, Boats, Motor-homes, Travel Trailers, and Farm Equipment.
** Share Secured: The APR will be the dividend rate paid on regular shares the previous quarter (Index) plus the percentage shown in the “% Above Index” column above. If there is an existing balance on the date of the new advance, the existing balance will be added to the new advance and the entire amount will be at the new APR. The rates are subject to change quarterly on the 1st day of January, April, July, and October to reflect any change in the Index. Any increase in the APR will result in more payments of the same amount until what you owe is repaid.
** Certificate Secured: The APR will be the dividend rate being paid on the Certificate offered as security plus the percentage shown in the
“% Above Index” column above. The Certificate must either be renewed until the advance is completely paid or be rolled over into a share account, at which point the advance will become a Share Secured advance and be subject to those terms. Failure to renew the Certificate or roll it over to a share account will result in default under the Plan. When the Certificate is renewed, the APR will change to reflect the new dividend rate. Any increase in the APR will result in more payments of the same amount until what you owe is repaid. The present APR and daily periodic rate for certificate secured advances will be disclosed on the voucher at the time of the advance.
*** Partially Share Secured: The Annual Percentage Rate will be the Personal Loan rate for which the applicant qualifies minus the discount percentage shown under the “Discount” above. Payment example: Estimated monthly payment on a 36-month loan at 3.99%=$30.00 per $1,000.00 borrowed.
APCU Statistics
(as of February 28, 2015)
Assets: $2,055,841,722
Members: 111,232
Branch Listing
APCU Loan Rates
Memorial Day • Monday, May 25, 2015
Labor Day • Monday, September 7, 2015
Holiday Closing Dates
This information is accurate as of the effective date listed below. The terms may change after that date. Please call us at (800) 849-8431 or (404) 768-4126 for additional information.
MAIN OFFICE 3900 Crown Road Atlanta, GA 30380-0001
DECATUR BRANCH 520 W. Ponce DeLeon Avenue
Decatur, GA 30031 NORTH METRO BRANCH
1605 Boggs Road Duluth, GA 30096-4600
NDC BRANCH
1800 James Jackson Pkwy NW Atlanta, GA 30369-9751
IBEW BRANCH 501 Pulliam Street, Suite 350
Atlanta, GA 30312-2749 MACON BRANCH 515 Mulberry Street, Suite 100
Macon, GA 31201-6306 SOUTH DEKALB MALL BRANCH
2801 Candler Road, Suite 81 Decatur, GA 30034 HUMAN SERVICES BRANCH 101 Marietta Street (Centennial Tower),
Suite 140 Atlanta, GA 30303 ASHEVILLE BRANCH
591 Brevard Road Asheville, NC 28810 FLOYD COUNTY BRANCH
3040 Martha Berry Hwy Rome, GA 30165
MEMBERS ALLIANCE BRANCH 6270 Bradley Park Dr.
Columbus, GA 31904 HOURS OF LOBBY OPERATION Monday - Friday • 8:30 AM - 4:30 PM
Except for these branches: South DeKalb Mall 9:00 AM - 7:00 PM
Asheville Branch 8:30 AM - 5:00 PM Members Alliance Branch 9:00 AM - 5:30 PM
CONTACT US
(404) 768-4126 • (800) 849-8431 Monday-Friday • 8:30 AM - 5:00 PM
24-HOUR LENDING CENTER (800) 371-6917 VISA CARD SERVICES (800) 599-7889 Member Services (800) 325-3678 Lost or stolen card
