2015
SummerNewsletter
If the price is right—and the PRIZE
2—then there’s
nothing stopping you from buying the vehicle you’ve
been eyeing!
With the 2016 models hitting the market, car dealerships are
now offering better prices and more incentives so they can
deplete their current inventory. This makes now the perfect time
to shop for vehicles and motorcycles at incredibly low prices.
Get a new HPFCU auto loan for the right prize
2!
For a limited time, we’ve added a new incentive to finance
your purchase with us. It’s our PRIZE IS RIGHT
2auto
promotion.
Here’s how it works. Finance a new or pre-owned vehicle or
motorcycle, or refinance from another lender, at our low
rate—as low as 1.74% APR
1for up to 60 months.
1When you
do, you’ll receive up to 3 chances
2at some pretty cool PRIZES
2as a “thank you” for being a loyal member.
At loan closing, drop the puck and watch it bounce down and
slide into the PRIZE
2slot. With each puck you’ll receive one of
the following PRIZES
2:
Call for current loan and savings rates.
Or, visit our website at hpfcu.org.
THE PRIZE IS
RIGHT!
2
• Rate discount of 0.10%
$10.00 gas card
Rate discount of 0.15%
$15.00 gas card
Rate discount of 0.20%
$20.00 gas card
Rate discount of 0.25%
$25.00 gas card
And the PRIZES
2are stackable! Get a rate discount, gas card or
any combination between. With our low rates and great terms,
a fast, easy, convenient loan approval process and flexible
payment options, there’s no reason not to choose HPFCU. Get
your auto loan today!
(continued on back)
CRUISE INTO SAVINGS
2
(continued on back)
The warm weather is calling your name and so is that cruise on the blue
seas. Enjoy both with our "CRUISE INTO SAVINGS"
2Home Equity Loan
Promotion!
Now is the perfect time to remodel your home, take that dream vacation,
give your daughter her fairytale wedding or get your son registered for
college. Cruise right into savings with a sweet deal on a HPFCU Home
Equity Loan. Finance a new Home Equity Loan—or refinance from another
lender—with rates as low as 3.50% APR.
1For a limited time, we’ve sweetened the deal.
Borrow as little as $40,000.00 in a Home Equity Loan with us, and you will
get a CRUISE FOR TWO.
2A 5-day, 4-night cruise to Mexico, the Bahamas
or the Western Caribbean could be yours!
Ports of departure include:
Port Canaveral
New Orleans
Miami
Galveston
Jacksonville
Los Angeles
Don’t wait a moment longer. Finance your Home Equity Loan, and start
planning your vacation destination today. Apply in person at an office
location or call 713.986.0200 to schedule an appointment with a
Home Equity Loan Officer.
This offer ends October 3, 2015.
This offer ends October 3, 2015.
This year we’ve added “fun” to the car buying process.
We want you to enjoy the car buying process, so we decided to
put a spin on the renowned PRIZE
2drop game. It’s our "PRIZE IS
RIGHT"
2Auto Loan Promotion! See how you can get multiple
chances
2at cool PRIZES
2:
LOAN AMOUNT2 # of CHANCES2
Up to $26,000.99 1 $26,001.00 to 52,000.99 2
It’s so important that a young child develops good savings habits. It’s a trait that can help them
throughout their life. By having them join the credit union* at an early age, we can help them with the
ABCs of savings through our Lil Star Account and later teach them to make good financial decisions
through our 5 Star Account.
At every stage of their life, we can help them with their financial needs: regular deposits from their first
job to savings, their first checking account, and financing their first car. We will be here when they
need advice on buying a home, saving for their children’s education, and investing for retirement.
While your children are on their summer break, why not bring them by the credit union and open
their first financial account? It’s something that will last a lifetime.
*Must meet membership eligibility.
It’s never too early to learn good savings habits.
The best bank in Houston isn’t
a bank…it’s a credit union!
In 2014, HPFCU was recognized as 1 of 6
credit unions for being the nation’s best in
providing direct financial benefits to our
mem-bers based on our competitively low loan rates,
fewer and lower fees and higher than average
dividend yields compared to other financial
institutions. Additionally, HPFCU was
recog-nized as one of the healthiest credit unions in
America with a ranking of 37 out of 6,600
financial institutions. When you join HPFCU,
you are joining a financial cooperative that is
only open for membership to the Houston
Police Department and their immediate
families.*
At HPFCU, our members are the owners. The
Board of Directors is made up of volunteer
retired and active HPD officers. That’s why we
understand your financial needs. We work with
your needs in mind to ensure that you get the
loans you need and reach your savings goals.
Our primary goal to meet our members’ needs
while exceeding their expectations remains
our priority.
So, the next time you think about going to a
bank for financial service…go to the credit
union instead. We’re here for YOU!
She knows her ABCs
and can count to 20,
but does she
under-stand the importance of
DITCH, SWITCH
&
WIN!
1
DITCH your bank and SWITCH to HPFCU
during our DITCH, SWITCH & WIN
1
Checking Promotion!
Are you tired of being charged high fees and hidden charges on your
check-ing account? Then, it’s time to say “no thanks” to your “big bank” and switch
your checking to HPFCU. You could win $1,000.00!
1DITCH YOUR BANK.
Those “minimal” monthly service fees and hidden charges easily add up to
hundreds of dollars each year. Instead of paying high fees, you should start
keeping that money for yourself.
SWITCH TO HPFCU.
Your financial security is important to us. Our FREE checking account offers all the conveniences and benefits you
want in a checking account. It’s an easy process to open one, too. Stop by one of our office locations and we’ll help
you make the switch. In no time, you’ll be on your way with your new account and a FREE Visa debit card.
WIN $1,000.00.
1We know that you’ll be so excited about your HPFCU checking account that you’ll leave ready to destroy your old
bank’s debit card. We’d love to see you bid farewell to your big bank so much that we are willing to you reward you!
All you have to do is:
Open a new checking account with HPFCU by July 31, 2015.
Post a photo of yourself shredding your bank’s ATM/debit cards or checks on our Facebook page.
Then, you will be automatically entered for a chance to WIN $1,000.00!
1There’s more! During the months of June and July, two random entries will also be selected each month to win a
$125.00 gift card.
1Do you already have a checking account with HPFCU? Existing HPFCU checking account members can also post a
photo of themselves shredding another bank or financial institution’s ATM/debit cards or checks for a chance to WIN.
1Make the switch now! This offer ends July 31, 2015.
Why switch to HPFCU? Look at the
benefits and convenience our FREE
checking account offers:
No monthly service fee or minimum
balance requirement
Free telephone, online and mobile
banking
3Mobile text message banking
3Mobile deposit
3Online Bill Pay
2and eBills
Person-to-person transfers with
PopMoney
2Member-to-member transfers with
Shared Account access
eStatements
It’s primetime to invest in real estate property.
Houston’s real estate market is thriving, rental properties are in high demand and mortgage rates are
incredi-bly low. This is the best time to become a savvy real estate investor!
Investment properties such as single-family homes and rental properties are an ideal way to supplement your
income. With the current low interest rates, the difference between rental income and mortgage payments
could put extra money in your pocket while your assets grow as the equity in the property increases.
We can help you start your real estate portfolio. HPFCU has partnered with Colonial Savings to offer
Investment Property Loans with low rates, flexible terms and payment options. We can help finance:
Single-family home or condo
Duplex, triplex or quadplex
Second home or vacation home
Unimproved or raw land
Each investment property loan situation is unique, and we’re
here for you every step of the way. Our Mortgage Loan Officer
is available to review your financing options and answer all
your Investment Property Loan questions. Call 713.986.0288
or 800.607.3474, ext. 3206, to speak with Pat Owens,
On-Site Mortgage Loan Officer, NMLS 876546.
(continued on back)
All loans subject to credit approval and appraisal. Rates and terms may vary and are subject to change. This is not an offer to extend credit as defined by Section 1026.2 of Regulation Z. Home loans are provided in partnership with CU Members Mortgage a division of Colonial Savings, NMLS 401285.
Why switch to HPFCU? Look at the
benefits and convenience our FREE
checking account offers:
No monthly service fee or minimum
balance requirement
Free telephone, online and mobile
banking
3Mobile text message banking
3Mobile deposit
3Online Bill Pay
2and eBills
Person-to-person transfers with
PopMoney
2Member-to-member transfers with
Shared Account access
eStatements
Business Resumption and Disaster Recovery Plan
Hurricane Ike of 2008 taught us all many lessons about disaster preparedness.
HPFCU does not wait until a storm is in the gulf to prepare for contingency
situa-tions. We know the event of a disaster or evacuation can be very stressful, and in
most cases is unexpected. Disasters can happen anywhere and credit unions, like
other businesses, can experience interruption of services from power outages and
severe storms. HPFCU is taking a proactive approach to this possible problem and is
well-equipped with a “Business Resumption and Disaster Recovery Plan.” The
purpose of the plan is to counteract interruptions to business activities and to protect
critical business processes from the effect of major failures or disasters. This helps
ensure you receive minimal disruptions in the event of a disaster or evacuation. The
plan was designed so we can return to normal business operations in an efficient and
timely manner. Additionally, the plan helps ensure your money is safe and that you
will be able to access your funds with minimal or no interruptions in the event of a
disaster or evacuation. With proactive measures in place, including secured backup
of financial records to a remote facility, we have an increased operations resiliency
and the systems, data and procedures to recover should a contingency situation
occur.
During stressful and unexpected events, timely and effective communication is
critical. Therefore, in the event of a disaster involving HPFCU, we are asking our
members to check our website regularly for instructions and updates. As information
becomes available, we will keep you updated on the situation at hand.
Our Resources Available, Even During a Disaster or Evacuation:
•
Credit Union Friendly ATM network
•
Shared Branching
Credit Union Friendly ATM Network
HPFCU is part of a network of credit unions that offer a fee-free ATM Network at over
90 locations throughout southeast Texas. The Credit Union Friendly ATM Network will
allow you to use your debit card at any one of the participating credit union ATM’s
without being charged a transaction fee or being charged a fee to your account.
Log on to www.cufriendly.net to locate an ATM.
*The cash withdrawal amount may be limited in the event that the ATM is unable to communicate with HPFCU.
Shared Branching
HPFCU is part of a network of Shared Branches that give you access to your HPFCU
account at over 5,000 locations across the country. The Shared Branch locations
will allow you to conduct transactions just as if you were at one of our HPFCU
office locations.
You can conduct a range of transactions, such as:
• Deposits
• Withdrawals*
• Loan Payments
• Make transfers between accounts
• Purchase money orders, travelers checks and official checks**
Log on to www.co-opcreditunions.org to locate participating Shared Branches.
When you visit a shared branch you will need to provide:
• Your credit union’s name
• Your member number and account/loan ID
• Valid government-issued photo identification, i.e., state driver’s license,
U.S. Passport
*Cash withdrawal limits may vary by location as determined by the Shared Branch.
Additionally, the cash withdrawal amount may be limited in the event that the
Shared Branch is unable to communicate with HPFCU.
Statement of Condition (as of May 31, 2015)
Assets
$591.4 million
Loans
$285.9 million
Deposits
$508.3 million
Members
25,083
Gilbert has been with Liberty Mutual since April
2012. He is committed to providing you with quality
protection and service at an affordable price.
Liberty Mutual Insurance’s partnership with TruStage Auto & Home Insurance Program
makes Houston Police FCU the place for auto and home insurance. That’s because the
TruStage Auto & Home Insurance Program is built on many of the same foundations as we
are: competitive rates, excellent service and solid value. You want auto and home insurance
that you can depend on and rates you can afford. With discounts for being a member and
easy switching from your existing carrier, it’s worth a quick call or visit. To learn more about
complete coverage plans designed to protect your auto and home, just give Gilbert a call.
Gilbert DeLaGarza
23232 Kingsland Blvd, Ste D
Katy, TX 77494
281.392.4333 Ext. 59112 or 281.415.2163
www.libertymutual.com/gilbertdelagarza
Meet Gilbert DeLaGarza,
On-site Liberty Mutual Insurance Agent
for Houston Police FCU.
Hours: Every Thursday from 10:00 am to
4:00 pm and/or by appointment.
TruStage Auto & Home Insurance Program is made available through TruStage Insurance
Agency, LLC and issued by leading insurance companies.
Pat Owens
On-Site Mortgage Loan Officer, NMLS 876546
713.986.0288 or 800.607.3474 Ext. 3206
[email protected]
An educational seminar will be taking place at the Main
Office located at 1600 Memorial Drive, Houston, TX 77007
on Saturday, July 11, 2015 from 10:00 AM to 12:00 PM.
All members are welcome to attend the Home Buyers’
Seminar. Interested members simply need to register by
calling 713-986-0288 or emailing [email protected].
HPFCU’s On-Site Mortgage Loan Officer, Pat Owens, will be speaking on topics such as:
down payment requirements, the different programs available to home buyers, dealing with
different types of credit issues, mortgage insurance, acceptable sources of down payment
money, using a non-occupant co-borrower and an overview of the entire home buying
process from application to closing. Pat will also be able to answer any questions members
may have regarding the mortgage process and will provide an opportunity for members to
receive a free mortgage pre-approval.
This seminar will be the best two hours you will ever spend. So, you do not want to miss it.
Leave empowered with the knowledge of what it takes to open the door to home ownership.
RSVP by July 8, 2015!
Calling all Home Buyers!
Your HPFCU credit card is the only card
you need.
We made the features of our credit cards so special that it should be
the only kind of card you need to use. Our cards offer no balance
transfer fees, no over-the-limit fees, a 25-day grace period on
purchases, low variable rates and no annual fee (except Visa
Rewards).
Our cards also provide all the conveniences you want and need
including online access to transaction history, current balance and available credit.
Additional-ly, make payments and sign up for and view eStatements with just a click of a button.
Want more? Our Visa Rewards allows you to earn points redeemable for merchandise, gift
cards, travel and more. With a low $35.00 annual fee,* it’s a great benefit and value.
There’s no reason to wait any longer. If you don’t have a HPFCU credit card, apply now online
at hpfcu.org, call 713.22.LOANS or stop by any office location. You can have it all with a
HPFCU card!
Editor...LeDetri Jenkins
Main Office
1600 Memorial Drive
Houston, Texas 77007-7702
Office Hours:
7:00 am to 4:30 pm, Mon-Fri
Drive-Up Hours:
6:00 am to 7:00 pm, Mon-Fri
Saturday Hours:
9:00 am to 1:00 pm (except Holiday
weekends)
Willowbrook Office (Willowbrook Place Bldg)
17314 Highway 249, Suite 107
Houston, Texas 77064
Office Hours:
8:30 am to 4:30 pm, Mon-Fri
Travis Office
1200 Travis
Houston, Texas 77002
Office Hours:
8:00 am to 4:30 pm, Mon-Fri
Restricted access: This location available to HPD
employees with access to the HPD Headquarters
(Administration Building) only.
1600 M
emorial Dr
ive
TX 77007
Houston,
1 APR = Annual Percentage Rate. Rate based on loan term of 60 months or less for new and pre-owned vehicles and motorcycles year 2009 and newer. Rate may vary based on longer term. Vehicle loan payment example: At 1.74% APR on a $10,000.00 loan with a 60-month term, monthly payment would be approximately $174.27. Rate current as of June 17, 2015, and is subject to change based on market conditions and borrower eligibility.
2 Members of HPFCU that finance a new or pre-owned vehicle or motorcycle, or refinance a new or pre-owned vehicle or motorcycle from another lender on or after July 6, 2015 are eligible for the “PRIZE IS RIGHT” Auto Loan Promotion. As determined by the loan amount financed, the member will receive 1 to 3 chances per qualifying vehicle or motorcycle loan. The promotion is limited to new or pre-owned vehicle and motorcycle purchases, and vehicles and motorcycles refinanced from another lender only. Vehicles and motorcycles currently financed with HPFCU are ineligible for the promotion. At the time of loan closing, member will be allowed to drop puck(s) to receive prize offers. Prize offers include: 1) a rate discount of 0.10%, 0.15%, 0.20% and/or 0.25% off the member’s qualifying APR1, and/or 4) a
$10.00, $15.00, $20.00 and/or $25.00 gas card. See Official Promotion Rules for specifics and eligibility online at hpfcu.org. Contact a HPFCU representative for full details.
3 Credit score will be established by Equifax Beacon FACTA 09 model #MD02369. Qualifying HPFCU criteria applies for all loans. Maximum qualifying term may vary based on year of collateral. Refinance restrictions apply. Current HPFCU loans cannot be refinanced at this rate. Offer does not apply to existing HPFCU auto loans. Other qualifications may exist. Membership eligibility is required.
1APR = Annual Percentage Rate. Credit score will be established by Equifax Beacon FACTA 09 model #MD02369. Rate current as of June 17, 2015, and is subject to change based on market conditions and borrower eligibility. 3.50% APR for Home Equity Loan is fixed and requires member to pay for all underwriting services including, but not limited to, appraisals, flood, title search/insurance, credit report and filing fees. Rate will vary if member elects not to pay for underwriting services. 3.50% APR for Home Equity Line of Credit (HELOC) is variable. Variable APR equal to The Wall Street Journal Prime Rate (currently 3.25%) plus a fixed percentage, or margin, with a minimum APR of 3.50% and a maximum APR of 18.00%. APR may be higher based on the prevailing variable-rate index value, credit qualifications, the amount of the loan or credit line, combined loan-to-value, and/or property type. Minimum closed-end Home Equity Loan is $5,000.00. Minimum HELOC is $10,000.00. Maximum closed-end Home Equity Loan or HELOC, together with any other mortgage(s), cannot exceed 80% of the property value on the family, owner-occupied property. Homeowner’s property insurance is required. Flood insurance may be required. Non-owner-occupied properties are ineligible for this offer. Offer does not apply to existing HPFCU Home Equity Loans or HELOCs. Membership eligibility is required.
2 Members of HPFCU that finance a Home Equity Loan or Home Equity Line of Credit (HELOC) in the amount of $40,000.00 or more between July 6, 2015 and October 3, 2015 are eligible. Loan must be funded no earlier than July 6, 2015 and no later than October 3, 2015 to be eligible. Loans funded prior to July 6, 2015 or after October 3, 2015 are ineligible and will be excluded from the promotion. The promotion is limited to new Home Equity Loans or HELOCs only. Home Equity Loans or HELOCs currently financed with HPFCU are ineligible for the promotion. At loan closing, member will receive a cruise vacation certificate for two per qualifying Home Equity Loan or HELOC. Members closing jointly with one or more persons will receive only one certificate. Certificate recipient is responsible for: 1) a one-time registration fee of $19 per person (certificate is transferable prior to registration, during registration period), 2) port charges, taxes, customs and fulfillment fees of $39.60 per day/per person, 3) transportation to and from the port, 4) any applicable identification and 5) any applicable incidental/gratuity charges and/or fees. See certificate for full details. Visit hpfcu.org for Official Promotion Rules and eligibility. Check with a HPFCU representative for full details. Promotion ends October 3, 2015.
THE PRIZE IS RIGHT
2(continued from front page)
CRUISE INTO SAVINGS
2(continued from front page)
DITCH, SWITCH & WIN
2(continued from inside)
Don’t
miss out
on our
Auto Loan,
Home
Equity Loan
and Checking
promotions!
Upcoming Holidays
Labor Day
Monday, September 7
(Memorial Drive also closed
Saturday
, September 5)
Veterans’ Day
Wednesday
, November 11
Thanksgiving Holiday
Thursday, November 26
Friday, November 27
(Memorial Drive also closed
Saturday
, November 28)
Christmas Holiday
Thursday, December 24
Friday, December 25
(Memorial Drive also closed
Saturday
, December 26)
1 During the promotional period of June 1, 2015 through July 31, 2015, members can open a HPFCU checking account and share a photo shredding another bank or financial institution’s ATM/debit cards or checks on HPFCU’s Facebook page to be entered into a drawing for a $1,000.00. One random entry will be selected from all entries received. Additionally, four gift cards in the amount of $125.00 each will be awarded randomly during the months of June and July. Members with an existing HPFCU checking account are also eligible to enter the promotion by sharing a photo shredding another bank or financial institution’s ATM/debit cards or checks on HPFCU’s Facebook page. All participants sharing photos are responsible for concealing any confidential information included on the ATM/debit cards or checks such as: account number, address, driver’s license number, etc. Winners will be selected at random from all entries received at the time of the drawing. HPFCU checking account must be opened no later than July 31, 2015 to be eligible. HPFCU check accounts opened after July 31, 2015 are ineligible and will be excluded from the promotion. Members and non-members who wish to participate in the Ditch, Switch & Win drawings must submit a 3” x 5” index card with Ditch, Switch & Win, their name, address and phone number to: 1600 Memorial Dr., Houston, TX, 77007, Attn: Marketing Department or to any office location. Only one entry per person. All entries must be received by July 31, 2015. $250.00 cash prize will be substituted for a winning member or non-member without a qualifying HPFCU checking account. Winner must be at least 18 years of age. See Official Promotion Rules for specifics and eligibility online at hpfcu.org. Check with a HPFCU representative for full details. Promotion ends July 31, 2015.
2 Subject to a service fee. Fees subject to change. See our current Fee Schedule and Membership Agreement for a complete list of fees.
3 Online, mobile and mobile text message banking and mobile deposit are free services with HPFCU. Standard data and messaging charges may apply. Please check with your service provider.
