Loan Rates

777 East Main St. Superior Treatment And Respect

Torrington, CT 06790 www.TMTFCU.org

PHONE: 860-489-2212

STAR Line: 860-201-0002

December 2014 Issue 36

Office Hours

Monday, Tuesday,

Wednesday-

8:00 AM to 5:00 PM

Thursday-

8:00 AM to 6:00 PM

Drive Thru till 6:30 PM

Friday-

8:00 AM to 5:00 PM

Drive Thru till 5:30 PM

Saturday-

9:00 AM to 12:00 Noon

Closed Sunday

Big Enough to Serve You, Strong Enough to Support You, Small Enough to Know You.

Holiday Closings

01-01-15 New Years

Day

01-19-15 Martin Luther

King Day

02-16-15 President’s

Day

New Vehicle Loans: as low as

1.99% APR to qualified borrowers.

Used Vehicle Loans: as low as

3.99% APR to qualified borrowers.

Signature Loans: as low as 9.99%

APR to qualified borrowers

Debt Consolidation Loans: as low

as 13.99% APR

New Motorcycle Loans:

as low as 3.99% APR

Used Motorcycle Loans:

As low as 5.99% APR

Share Secured Loans: 3% APR

over current savings & CD rates

Minimum rate is 3.99% APR

VISA Credit Cards: Non-Variable

Rate. Please call for rates & info.

Home Equity Loans/Lines of

Credit: Please call for rates & info.

Check out our website at

www.tmtfcu.org for a complete

list of rates.

*Members who sign up for

e-statements may receive .25 basis

points off their loan rate.

Torrington Municipal & Teachers Federal Credit Union Celebrates 55 Years in 2015!!!

1960-2015

-Loan Specials-

Sour On Your Current

Rates?

Sweeten The Deal!!!

Rapid Refi Mortgage! Reduce your term in NO time!

3.99% APR for 7 years

4.99% APR for 12 years

Are You Drowning In Debt???

Get Your Ducks In A Row…

1Duck… 1 Bill...

Save 15%!!!!

Discount on all Signature

Loan Rates in 2015 !!!

New Used As low as…

2.99%APR

As low as…

3.99%APR

A warm , heartfelt Thank You to all of our Members for your well wishes, all the beautiful cards, gifts, and food!

Your thoughtfulness is very much appreciated, and we appreciate all of you! Have a Wonderful New Year!!!

Make Your Home

Your Own With

Our Home Equity

Line of Credit!!

Rates as low as

3.49% APR!!! See us today!

Closing Costs: $500.00

Mark Your Calendars!

Annual Meeting

Wednesday February 4th, 2015

777 East Main St. Torrington, CT

7:00 PM

Refreshments…. Prizes… Fun and More!!!

APPLY NOW!!!

Deposit Rates

REG SHARES* .150%APY

IRA SHARES .150%APY

CLUB SHARES .100%APY

MONEY MKT** .200%APY

MM PLUS ** .25%APY

MM ADV** .30%APY

HSA .551%APY

RISING STAR *** 5.00%APY Dividends on all above shares are declared & paid at the end of each quarter. Dividends are calculated on

average daily balance. *Minimum average daily balance to earn dividends on regular shares & HSA’s is

$100.01. **MM is for personal accounts only. Minimum deposit & balance for MM is $1000.01, MM PLUS is $10,000.01, MM ADV is $50,000.01. ***Rising Star is for personal accounts only. 5.00% APY on deposits up to $1,000

through age 21.

Rates are accurate through 01/31/2015.

Dividends

Share Certificates

(Regular and IRA)

6 mos ($500 min) .25%APY

12 mos ($500 min) .351%APY

18 mos ($500 min) .451%APY

24 mos ($500 min) .551%APY

30 mos ($500 min) .652%APY

36 mos ($500 min) .753%APY

60 mos ($500 min) 1.005%APY

Share certificate dividends are accurate as of 01/31/2015 There may be a penalty for early withdrawal. STAR MEMBERS and members who enroll in e-statements

add .25 basis points.

Your shares are insured federally by

NCUA to at least $250,000.

THINK TMTFCU FIRST!

Don’t forget your credit

union should be your

first stop when you are

looking to finance a

purchase or invest some

money!!

Big Enough to Serve You, Strong Enough to Support You, Small Enough to Know You.

To many, bankruptcy seems as if it is the only way out. However, filing bankruptcy can be complex, difficult, and have lasting effects not only on you, but on your

friends, neighbors and local businesses. By filing you are assisting in the decline of your local economy. When you file bankruptcy with Torrington Municipal &

Teachers Federal Credit Union (TMTFCU), you are causing a loss to your community. We are not faceless stockholders, we are your family, friends, neighbors and

co-workers. Before you file bankruptcy with TMTFCU, we may be able to establish a payment plan with you. Consider some of the things involved before making your

decision.

To File or Not To File... If your situation is temporary and will change for the better in the near future, you may just need some breathing room. Contact your creditors; they may offer to lower your payments or interest rate under a hardship program.

Personal Bankruptcy… There are two types of personal bankruptcy, Chapter 7 and Chapter 13. Under Chapter 7, assets are sold to pay creditors and the debt that’s left is discharged. Under Chapter 13, you probably won’t have to sell assets, but all of your disposable income will go to pay creditors for a specified period of time, most likely 5 years.

Chapter 7 In A Nutshell... Generally, this is a liquidation proceeding with the court determining what property, if any, you have to sell to pay your debts. This could include vehicles, houses, jewelry, retirement savings and more.

Chapter 13 In A Nutshell… Unlike Chapter 7, your debts are reorganized under a plan and you repay them, fully or partially over a 3 or 5 year period using your disposable income. If you complete the plan successfully, unsecured debts that remain unpaid are then discharged, with certain exceptions.

Should You File Chapter 13 or 7... An income eligibility test will be applied to all Chapter 7 petitions; if your income is above the median income level in your state, and you’re capable of repaying a specified portion of your unsecured debt, you’ll be required to file under Chapter 13.

Life After Bankruptcy… Bankruptcy will appear on your credit report for 10 years. It’s a serious blemish that can affect you in many ways. Aside from the difficulty it will cause when you try to obtain new credit, it may make it difficult (and more expensive) to get certain types of insurance and to move into a new apartment or condo. Employers may also take your credit history into account when deciding to hire or promote you. Eventually you will be able to get credit again, but you may have to pay higher interest rates, or provide a cosigner or collateral to get started. Your credit affects many aspects of your life, and can effect your future. Make the right choice.

Contemplating Bankruptcy??

Statutory Lien

If you are in default on a financial obligation to us, federal law gives us the right to apply the balance

of shares and dividends in your account(s) at the time of default to satisfy that obligation. Once you

are in default, we may exercise this right without further notice to you.

Calendars are Available for Purchase at the Following Locations;

Friendly Hands Food

Bank

Minute Man Press

Jimmy’s Store

Insurance Works

Torrington Ford

CHH Gift Shop

Southwest School

Toce Brothers

TMTFCU

Applehouse Sunoco

Doyles Medical Supply

Alfredo’s Deli

Torrington Park & Rec

Salon Q

Nautilus

The Arts Desire

Torrington Fire Dept

Purchase a 2015 “Celebrate Torrington” Calendar today!!!

All proceeds to benefit Friendly Hands Food Bank!!!