SCHOOL SUPPLY DRIVE AMERICO Federal Credit Union AM E RICO Help local kids get off to a great start by donating school supplies for the new year! Both branches will be collecting the following items now through August 10th to help children meet their education goals:

• #2 Pencils • Loose-Leaf Paper

• Pencil Erasers • Folders

• Pencil Boxes • Index Cards

• Colored Pencils • Hand Sanitizer

• Crayola Crayons

FEDERAL CREDIT UNION EAST OFFICE WEST OFFICE

4101 MAIN ST. 2545 WEST 23RD ST.

ERIE, PA 16511 ERIE, PA 16506

PH: 814/899-6608 PH: 814/833-0433

FAX: 814/899-6005 FAX: 814/833-7299

HOURS - LOBBY & DRIVE - THRU

Monday . . . . . . . . . . . . . . 8:30 - 5:00

Tuesday . . . . . . . . . . . . . . 8:30 - 5:00

Wednesday . . . . . . . . . . . 8:30 - 5:00

Thursday . . . . . . . . . . . . . 8:30 - 5:00

Friday . . . . . . . . . . . . . . . . 8:30 - 6:00

IMPORTANT INFORMATION

Routing Number: 243380833

Web site: www.americofcu.com

www.facebook.com/americofcu

Online Banking: access your account from home anytime day or night.

Telephone Teller . . . . . . . . . . . . . . . . . . . . . . . 1-800-732-7906

MasterCard Debit Card Lost/Stolen

. . . . . . . . . . . . . . . . . . . . . . . 1-800-472-3272

MasterCard Credit Card Lost/Stolen

. . . . . . . . . . . . . . . . . . . . . . . 1-866-604-0381

. . . . . . . . . . . . . . . . . . . . . . . 1-800-325-3678

HOLIDAY HOURS & CLOSINGS

Sept 3, (Mon). . . . . . . Labor Day . . . . . . . . . . Closed

Oct 8, (Mon). . . . . . Columbus Day . . . . . . . . Closed

BOARD OF DIRECTORS

Eunice Dovey . . . . . . . . . . . . . . . . . . . Chairperson

Rose Kuhn . . . . . . . . . . . . . . . . . Vice Chairperson

Ray Zimmerman . . . . . . . . . . . . . . . . . . . Secretary

Tom Laska . . . . . . . . . . . . . . . . . . . . . . . . Treasurer

Linda Best . . . . . . . . . . . . . . . . . . . . . . . . . Director

Carol George . . . . . . . . . . . . . . . . . . . . . . . Director

Mary Sceiford . . . . . . . . . . . . . . . . . . . . . . Director

Betty Schubert . . . . . . . . . . . . . . . . . . . . . . Director

Gail Warren . . . . . . . . . . . . . . . . . . . . . . . . Director

“Grow with Americo.”

People Helping People

• Washable Markers

• Boxes of Tissue

• Blunt-End Scissors

• Highlighters

• Glue Sticks

• Spiral Notebooks

WALDAMEER TICKETS AVAILABLE

Give your family all the fun and excitement of more than 75 attractions, Water World (wet and wild fun for everyone), challenging midway games, tasty summertime foods, and free entertainment! Stop by the credit union and pick up your discount passes to Waldameer Park and Water World for only $34.50 per combo pass for both parks. Tickets for children under 48” are available for $27.00 per pass. Visit their website at waldameer.com for dates and hours of park operation.

NCUA Your savings federally insured to at least $250,000

and backed by the faith and credit of the United States Government

National Credit Union Administration, a U.S. Government Agency

MILESTONES & MORE After being with the credit union for over 55 years, Bill Schubert has retired from the board of directors. He joined the credit union on March 16th, 1959 and quickly became a well-respected director who was dedicated and hard working. He was involved in many areas of the credit union, and has helped advance the credit union movement in many ways. Bill will surely be missed, but we wish him all the best.

A MESSAGE FROM BILL A lot has changed since I jo ined the Board of Directors of the Erie C o u n t y S c h o o l Employees Federal Credit Union in 1964. Our first big change came by moving first from Francis’ basement to 4108 Main Street (our f irst real office), and then on to our new office at 4101 Main Street. When we merged

DIVIDENDS ON SHARE ACCOUNTS ARE BASED ON AVAILABLE EARNINGS AND CANNOT BE GUARANTEED.

with American Sterilizer in 2003 we acquired the office at 2545 West 23rd Street and became Americo Federal Credit Union.

Our first million took us a very long time to earn, and we now have about 80 million dollars. That astounding growth was the result of the diligence of the first treasurer Francis Catherine. The continued growth came from the industrious efforts of Gail Warren, who successfully brought us through the absolute toil of merging. Gail worked long and hard to standardize two distinctly different offices into one cooperative organization. Our future seems quite rosy under the competent and thoughtful leadership of Christine Bennett who served her exemplary apprenticeship under Gail’s watchful eyes.

All this has not been without a lot of fun. We have had Christmas parties and summer picnics at various venues, such as Behrend Campus, Lawrence Park Golf Course, Sterilizer Park and the Erie Yacht Club. A few years back, after one of our annual picnics, at the Erie Yacht Club, we were treated to an exceptional narrated excursion by skipper Eric Marshall aboard his sailing vessel. Our credit union will continue to thrive and grow as long as we have such excellent staff and volunteers as we have now.

Sincerely, Bill Schubert

JULY 2018 Newsletter

2nd MORTGAGE & HOME EQUITY SUMMER LOAN SPECIAL

2nd Mortgage/Home Equity Loan Special

June 1st - July 31st, 2018. Application

fees are WAIVED during this special

2nd Mortgage Loan (fixed rate, closed-end loan)

90% equity TERM

3.99% APR** 0-60 months

4.49% APR** 61-120 months

4.99% APR** 121-180 months

Home Equity Loan (variable rate*, open-end loan)

80% Equity Term

Call For Current Home Equity Rate

Minimum loan amount $15,000.00 new money.

June 1st, 2018-July 31st, 2018. **APR = Annual Percentage Rate. All loan

rates subject to change without notice. All loans subject to credit approval.

Certain restrictions may apply. Application fees for 2nd Mortgage and Home

Equity Loans are waived during this special. Other fees may apply. Minimum

loan amount $15,000 new money. Loans less than $15,000.00 will pay

application fees but are eligible for the above rates. Mortgage loans are limited

to primary residences located in Erie and Crawford Counties in PA. Property

insurance is required. Membership required. Membership Share $5.00 par

value (par value is not a fee). * Home Equity Loans are variable rate loans - rate

based on Prime Rate and subject to change quarterly. The annual percentage

rate may increase after consummation of the Home Equity variable rate loan.

The maximum annual percentage rate that may be imposed is 18.00% or the

maximum permitted by law, whichever is less - the minimum floor annual

percentage rate that can apply is 1.00%. Interest on mortgage loans may be

tax deductible, consult your tax advisor. Estimated monthly payments on

$15,000.00 borrowed at 3.99% APR for 60 months is $276.23, 4.49% APR for

120 months is $155.43, 4.99% APR for 180 months is $118.59.

Payments do not include amounts for taxes and insurance

premiums. For more information on mortgage interest rates, limits

or fee schedules, please contact the loan department. Credit Union

NMLS#565406.

THREE MONTHS OF SAVINGS! SUMMER LOAN SPECIAL

July 1st through July 31st, 2018 1.00% APR* Off Your Qualifying Rate

Rates As Low As 6.75% APR* Maximum term 60 months

Borrow Up To Your Personal Limit

2.00% APR Off Your Qualifying Rate Rates As Low As 5.75% APR*

Maximum term 12 months Borrow Up To Your Personal Limit

CHANCE TO WIN A COOLER PACKAGE

*APR = Annual Percentage Rate. Must be a member in good standing in order to qualify for this offer. Effective 07-1-2018 through 07-31-2018. All rates and limits based on creditworthiness. Must meet lending criteria. Lowest possible rate 5.75% APR* (annual percentage rate). Maximum term 60 months. Estimated monthly payment on $1,000.00 at 6.75% APR for 12 months is $85.95. Estimated monthly payment per $1,000.00 at 5.75% APR for 60 months is $19.69. Rates, terms and conditions are subject to change without notice. Membership eligibility required. Certain restrictions apply. Call the loan department (814-899-6608) for more information about Personal Loans and all your lending needs.

BACK TO SCHOOL LOAN SPECIAL

August 1st through August 31st, 2018 1.00% APR* Off Your Qualifying Rate

Rates As Low As 6.75% APR* Maximum term 60 months

Borrow Up To Your Personal Limit

2.00% APR Off Your Qualifying Rate Rates As Low As 5.75% APR*

Maximum term 12 months Borrow Up To Your Personal Limit

*APR = Annual Percentage Rate. Must be a member in good standing in order to qualify for this offer. Effective 08-1-2018 through 08-31-2018. All rates and limits based on creditworthiness. Must meet lending criteria. Lowest possible rate 5.75% APR* (annual percentage rate). Maximum term 60 months. Estimated monthly payment on $1,000.00 at 6.75% APR for 12 months is $85.95. Estimated monthly payment per $1,000.00 at 5.75% APR for 60 months is $19.69. Rates, terms and conditions are subject to change without notice. Membership eligibility required. Certain restrictions apply. Call the loan department (814-899-6608) for more information about Personal Loans and all your lending needs.

DRIVE YOUR AUTO LOAN HOME - REFINANCE SPECIAL

September 1st ~ September 30th, 2018

Rates As Low As 3.50% APR*

$50.00 gas card for all loans under $10,000

$100.00 gas card for all loans over $10,000

CHANCE TO WIN A SNOW BLOWER

*APR = Annual Percentage Rate. All loan rates subject to change without notice. All loans subject to credit approval. Existing Americo FCU loans do not qualify. Certain restrictions may apply. Effective 09-1-2018 through 09-30-2018. All rates and limits based on creditworthiness. Must meet lending criteria. Lowest possible rate is 3.50% APR* (annual percentage rate). Estimated monthly payment on $10,000.00 borrow at 3.50% APR for 36 months is $293.05. To qualify for $100.00 gas card incentive loan must be over $10,000.00. Gas card will be given at the time of refinance. Membership is required. For more information contact the loan department at (814-899-6608).

SUMMER SKIP-A-PAY You can skip your JULY loan payment and have extra cash for summer activities, vacations, and family fun. Our Summer Skip-A-Pay application is available at both of our offices and online at www.americofcu.com. A $25.00 processing fee for each loan you choose to skip is due with your application. You could use a break: skip your July loan payment and relax this summer! This offer excludes Real Estate Loans, Overdraft Protection Loans and MasterCard Credit Cards. Other restrictions may apply, see application for more information.

Introducing AMERICO FCU MOBILE! As of 5/24/2018 Americo Federal Credit Union has discontinued its use of the TouchBanking app in both the Android and Apple app stores. Members are encouraged to download the credit union’s new mobile money app (Americo FCU) to their smart devices and tablets today! Our new mobile money app is a secure, convenient way to access your credit union accounts anytime, anywhere, using your mobile device.

• View account balances and transactions • Transfer funds between accounts • Pay bills** & more

**Americo FCU does not charge for Mobile Money, however **there is a $5.75 monthly fee for the

Bill Pay service. There may be charges associated with text messaging and data usage on your

phone. Check with your wireless phone service provider for details on fees/charges that may apply.

MILESTONES & MORE (con’t)

The credit union has said goodbye to a pair of board members. We thank Rick Killian and Kevin Sova for their service and have accepted their tendered resignations. The staff will miss both Rick and Kevin at the board meetings and gatherings but have appointed Carol George and Mary Sceiford to fill their seats. We all look forward to getting to know and working with Carol and Mary. Jennifer Diamond and her fiancé Nick welcomed a baby, Aubrey into the credit union family May 16th. Congratulations and warm wishes from all of us at the credit union on your new bundle of joy.

BOARD OF DIRECTORS Amer ico FCU’s Annua l Meet ing was he ld April 20, 2018. There were three (3) seats available to serve on the Board of Directors and 3 nominations were received.

The 2018/2019 Board of Directors are:

Eunice Dovey . . . . . Chairperson Carol George . . . . . . . Director

Rose Kuhn . . . Vice-Chairperson Mary Sceiford . . . . . . Director

Ray Zimmerman . . . . . Secretary Betty Schubert . . . . . . Director

Thomas Laska . . . . . . Treasurer Gail Warren . . . . . . . . Director

Linda Best . . . . . . . . . . Director

*Each incumbent was re-elected for a 3-year term.

CARDVALET - AVAILABLE NOW! Americo Federal Credit Union is pleased to introduce CardValet®, a mobile card management application that helps reduce account fraud by allowing cardholders to monitor accounts with their smartphone and control how, when, and where their debit card is used. CardValet was developed in partnership with Fiserv and is available in the Apple® App Store or Google® Play. Once CardValet is set up, cardholders have the ability to “turn off” their card when not in use, establish transaction spending limits, and decline a transaction when the amount exceeds a predefined threshold. Real-time smartphone alerts can be customized based on the types of information each cardholder would like to receive. For example, a cardholder can set up an alert to be notified when a card is used, when a card transaction is approved, and exceeds any of the permitted use policies, or when a card transaction has been attempted but has been declined based on the parameters established. “CardValet is ideal for users who want to actively manage their cards. CardValet’s inventive and thoughtful approach to cards management makes the user experience as easy as possible,” said Danielle Abramczyk. “We are excited to offer this tool to our cardholders! Not only is CardValet user-friendly and convenient, but it will aide in our continued efforts to prevent fraud and identity theft for our cardholders.”

THE AMERICO FCU SMART OPTION STUDENT LOAN® BY SALLIE MAE®

For borrowers attending degree-granting institutions

Now you can pay for college the smart way with three great repayment options and competitive interest rates! The loan is an ideal solution to help you pay for college expenses not covered by scholarships and federal loans. • We offer a choice of competitive fixed and variable

interest rates providing even more choice and flexibility

• No origination fees and no prepayment penalty

• Multiple in-school repayment options available

• Borrow benefits available - like rewards and

interest rate reductions

• Rates that reward creditworthy borrowers

• Applying with a creditworthy cosigner may help you qualify and/or receive a lower rate

• 24/7 online account management

To learn more or to apply online, please visit salliemae.com/smartoption/americofcu

*We are compensated for the referral of Smart Option Student Loan customers.

HIGHMARK WALK FOR A HEALTHY COMMUNITY

Amer ico Federa l Cred i t Un ion recent ly participated in the Highmark Walk for a Healthy Community. The walk is an annual fundraising walk that benefits local health and human service agencies. Highmark Inc. coordinates and underwrites the cost of the walk so that 100 percent of the money raised by the walkers goes to participating nonprofits. The primary goal of the walk is to help participating organizations raise money for their individual goals. The secondary goal of the walk is to energize the community members to have a greater hand in their health by becoming or staying physically active.

Americo Federal Credit Union walked to support the EUMA (Erie United Methodist Alliance). Credit union employees got creative and raised money in several different ways. The member service representatives worked the front lines and sold shoes to members who wished to support the staff whom were walking on the 2nd of June. The credit unions East side office held a Chinese Auction that both staff and members participated in and the West side office held a bake sale. This year, the team raised over $1,500. The credit union is very happy with the success that the staff had this year and the imaginative ways they found to raise money. Americo FCU believes in the community and hopes to participate in this annual event again next year. Thank you to all the members that helped make this possible and supported not only the credit union, but the community!