MONTHLY NEWSLETTER OF THE POLISH & SLAVIC FEDERAL CREDIT UNION

Vol. 2 | No. 5 (17) | Year 2015May 2015

Our Credit Union

PSFCU In Numbersinformation as of March 31, 2015

Assets

$1,622,174,923Loans

$883,277,902Net Worth

$154,296,532Number of Members

82,600

Smolensk Plaque at American Czestochowa

Dear Members,

The first quarter of2015 is already be -hind us. I am pleasedto share the newswith you that it wasa successful three-month period for ourinsti tution. The assets of the Polish & SlavicFederal Credit Union grew by $10,800,000,deposits increased by $7,000,000, and theloans we granted also grew by $9,300,000.We are especially pleased that 1947 peoplejoined us in the first quarter of this year,bringing the total membership of our CreditUnion to 82,600 at the end of March 2015.

There are many factors that make ourCredit Union a very attractive financialinstitution. One of them is definitely thewide array of promotions we offer youevery month. With the conclusion of taxseason, on April 15 we ended our IRApromotion, under which we offered anextremely attractive interest rate of 3.10%on five-year IRA certificates. A whopping1726 members took advantage of thisspecial offer this year, which is a recordnumber. I strongly encourage you to regu -larly check out our promotional offers andto take advantage of them.

On many occasions we have pointed outthat the difference between our Credit Unionand a commercial bank lies prima rily in theownership structure. Banks are owned byshareholders and investors, while the CreditUnion is co-owned by all of its members,meaning every one of you who enjoys ourproducts and services. As co-owners of our

Credit Union, I would like to invite you toattend the Annual Meeting, which this yearwill be held on May 17 at the Polish CulturalFoundation in Clark, NJ. At the meeting, wewill present the annual reports and the resultsof the election to the Board of Directors, inwhich you can vote until May 12.

Out Credit Union is the showcase ofthe US Polish community’s success and isgladly visited by distinguished guests fromthe United States and Poland. In recentweeks we had the pleasure of hostingJustyna Kowalczyk, whose competition incross country skiing excited Poles as well

as the world. We would like to thank Ms.Kowalczyk for her visit and I can assureyou that in the future there will certainlybe many other oppor tunities to meet no lessillustrious guests at our Credit Union.

I therefore invite you to visit our bran -ches frequently, actively keep track of usonline and in the social media, and aboveall to take advantage of our financialproducts and services. After all, our CreditUnion is more than just a bank!

Bogdan ChmielewskiPSFCU President/CEO

A plaque commemorating the victims of theairplane crash near Smolensk was unveiledin Doylestown, Pennsylvania. An obeliskhas risen next to the Katyn monument at thecemetery at the St. Mary’s shrine in Ame -rican Czestochowa. Our Credit Unionsponsored the observance of the 75th anni -versary of the Katyn massacre and the fifthanniversary of the Smolensk disaster.

“In memory of the 96 Poles, including thePresident of Poland Lech Kaczynski, whodied on April 10 in an airplane crash nearSmolensk on their way to commemorate the

70th anniversary of the Soviet genocide ofPolish army officers, prisoners of war, in 1940in the Katyn forest” the plaque inscriptionreads. It is a replica of the plaque taken toSmolensk by family members of the victimsof the 2010 crash, which was latersurreptitiously removed by the Russians.

The plaque unveiling was preceded by aprocession of several hundred people, pre -ceded by standard bearers. The Mass wascelebrated by Father Rafal Walczyk, Prior ofthe Pauline Fathers at American Czesto -

PSFCU delegation lays flowers under the Smolensk plaque at the Doylestown Sanctuary cemetery

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chowa, who gave a special sermon on topicssuch as the need for truth in public life.

The two-day observance was organizedwith the cooperation of many Polish ethnicorganizations such as the Polish AmericanCongress, the American Polish NewspaperClubs, the Kosciuszko Foundation and the

Friends of Radio Maria. The Committeeinvited guests from Poland, including PolishCongressman Antoni Macierewicz, who isChairman of the Polish House of Represen -tatives Commission for Investigation of theSmolensk Disaster, Pilot Colonel ArturWosztyl, and victims’ family membersAndrzej Melak and Pawel Kurtyka. Alsopresent were numerous Commission experts:Dr. Kazimierz Nowaczyk, Prof. Wieslaw

Binienda, Dr. Bogdan Gajewski, Prof. ChrisCieszewski and Dr. Glen Jorgensen.

The observance took place thanks to thefinancial support of the Polish & SlavicFederal Credit Union, the Adam M. BakFoundation, and many Polish-Americanbusinessmen and individuals. On behalf ofthe members of our Credit Union, the PSFCUrepresentatives in attendance laid a symbolicbouquet of flowers at the plaque.

Justyna Kowalczyk, multiple Olympic andworld champion in cross-country skiing,met with the members of our Credit Union.

The queen of Polish skiing met withfans at the PSFCU branches on McGuinnessBlvd in Greenpoint, New York, and inClifton, New Jersey. The meetings wereattended by dozens of fans of all ages whohad the opportunity to ask questions, getJustyna Kowalczyk’s autograph and take akeepsake photo with her. “I know that I havea lot of fantastic fans in the Polish-Americancommunity. April is my free time and I’mglad that I could come here,” said Kowal -czyk when asked why she traveled to theUnited States. “They say that you live fastin New York; I’m living a little faster. Timeis very important, I want to spend it withmy fans, with my relatives; I have to train,I have to learn, I like this way of life, andI’d like to make the best use of every singleminute,” she added.

Besides the meetings with fans at PSFCUbranches, Justyna Kowalczyk was the guestof honor at the second edition of the Polonia5K Run in Wallington, New Jersey.Unfortunately, the two-time Olympic gold

medalist could not run because she iscurrently undergoing rehabilitation. “Threeweeks ago I had arthroscopic surgery on myknee, but I will start training again on May1,” Kowalczyk said. The Polish & Slavic

Federal Credit Union was the main sponsorof the Polonia 5K Run, which has probablybecome a permanent item on the calendarof Polish community athletic events heldaround the May 3 Constitution holiday.

Olympic Champion Justyna Kowalczyk at Our Credit Union

Smolensk Plaque......continued from page 1

Justyna Kowalczyk with representatives of the PSFCU Board of Directors and McGuinness branch employees

Olympic Champion at the PSFCU branch in Clifton

For its upcoming 40th anniversary, the Polish& Slavic Federal Credit Union is looking forinteresting materials related to the history ofour Credit Union. We are particularly inte -rested in original documents from thebeginning of our operations in late 1970s and1980s. If you are still in possession of oldsavings passbooks, certificates, loan docu -ments, receipts, photos, or promotionalmaterials, and would like to share them withus, please contact us at marketing@psfcu.netor call 973-808-3240, ext. 6134.

Those of you who send us interestingmaterials will participate in the drawingof attractive gifts - you will have a chanceto win one of 10 PSFCU T-shirts auto -graphed by Polish champions from SochiWinter Olympics: Zbigniew Brodka orJustyna Kowalczyk.

Share Your MemoriesWith Us

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*APR = Annual Percentage Rate. All loans are subject to credit approval and verification. Promotional rate of 1.79% applies to 1 - 3 year new car loans. Promotion is valid from March 30 until June30, 2015. Registration of automatic loan payment from a PSFCU checking account and an active Debit Card are required to obtain the promotional rate. Monthly payment of a 3-year loan at 1.79%is $28.55 for every $1,000 borrowed. Without automatic payment, and active Debit Card, the rate will be 0.25% higher. Other rates and terms apply. Other restrictions may apply. For additionalinformation concerning this promotion and other credit offers, call 1.855.PSFCU.4U or log on to www.psfcu.com.

SPRING INTO SAVINGS!SPRING INTO SAVINGS!Auto Loans as low as

1.79%APR*

Take advantage of the Spring auto loanpromotion starting at 1.79% APR. Offer isvalid until June 30, 2015.

Spring is a perfect time to think aboutbuying a car. Warmer days and nightsmake it worth thinking about driving onfamily picnics together. You can also visityour parents or to go to your children’sgraduation. It‘s high time to plan yourvacation trips. Just imagine a family tripin a new car this summer!

Through the end of June, the Polish &Slavic Federal Credit Union is offeringattractive interest rates not only for newcars, but for used ones as well. The interest

rates offered by our Credit Union arecompetitive with those offered by otherfinancial institutions and are as follows:

- New car loans up to $100,000, loanterm up to 3 years: 1.79% APR.

- New car loans up to $100,000, loanterm 4 to 5 years: 1.99% APR.

- Used car loans up to $60,000, loanterm up to 3 years: 1.89% APR.

- Used car loans up to $60,000, loanterm 4 to 5 years: 2.19% APR.

In addition to the attractive interestrates, our Credit Union features a simpleand very accessible way to submit loan

applications at PSFCU branches or onlineat www.NaszaUnia.com

APR = Annual Percentage Rate. All loans aresubject to credit approval and verification.Promotional rate of 1.79% applies to 1 - 3 year newcar loans. Promotion is valid from March 30 untilJune 30, 2015. Registration of automatic loanpayment from a PSFCU checking account and anactive Debit Card are required to obtain thepromotional rate. Monthly payment of a 3-year loanat 1.79% is $28.55 for every $1,000 borrowed.Without automatic payment, and active Debit Card,the rate will be 0.25% higher. Other rates andterms apply. Other restrictions may apply. Foradditional information concerning this promotionand other credit offers, call 1.855.PSFCU.4U or logon to www.psfcu.com.

Attractive Auto Loans at Our Credit Union

Order a PSFCU EMV Chip Credit Card Beginning May 4, our Credit Union memberscan order a PSFCU VISA® credit card withan EMV chip. The chip card means moresecurity and comfort of use, particularlywhen traveling abroad.

Credit cards with an electronic EMVcircuit (an acronym for Europay, Master -Card, VISA), colloquially called chip cards,are safer than magnetic strip cards. The EMVchip enables the coding and decoding of sentinfor mation, as well as the generation andveri fication of electronic signatures. Thecardholder’s PIN code is stored in the

card’s EMV chip, which allows for itsverification even if the terminal losesconnection with the financial network.

The EMV standard has already beenwidely adopted overseas, particularly inEurope, and magnetic strip cards may nolonger be accepted in numerous destina -tions. Therefore, we recommend to thoseof you planning a vacation abroad to replaceyour old VISA® credit card with a new EMVchip card. You can do that at any PSFCUbranch or by calling 1.855.PSFCU.4U.

We would also like to remind you that

after you receive your new card, you willneed to update any automatic payments youhave registered using the PSFCU VISA®credit card.

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Now through July 20, you can earn doubleScoreCard® Rewards points on the follo -wing travel-related purchases made withPSFCU VISA® credit cards:

- Airline tickets- Hotel reservations- Car Rentals

If you don’t’have a PSFCU VISA® CreditCard yet, apply today. Promotion is validuntil July 20, 2015 and applies to thePlatinum and Bussiness VISA® CreditCards. Rewards points are offered withinthe framework of the ScoreCard® program.For additional information related to theScoreCard® rewards program, please logon to www.scorecardrewards.com

Q: What is ScoreCard® Rewards? A: ScoreCard Rewards is a rewards programoffering Points for qualifying purchases.Points can be redeemed for a variety ofitems, such as merchandise, airfare, hotels,travel packages, and more (each, an“award”).

Q: How do I log in to the ScoreCard®Rewards website?A: On your first visit to the sitewww.scorecardrewards.com, you will needto set up your profile with a username andpassword. Once you create your profileyou will log in with your username andpassword. You may browse the rewards siteby clicking on the “Browse Catalog” linkfrom the log in page. Point balance and

redemption capabilities are not availablein the browse feature of the site.

Q: How do I know how many Points Ihave? A: Point balances are always available onwww.scorecardrewards.com or you maycall Award Headquarters at (800) 854-0790 to verify your balance.

Q: How do I earn Points? A: Simply use your ScoreCard® Rewardsparticipating card, each a “rewards card”,for your purchases. You will earn Pointsbased on your qualifying net purchases(purchases minus returns and/or otherrelated credits). You will earn Points aslong as your account is in good standing.

Q: How do I order awards? A: For merchandise awards you can ordermerchandise awards using the onlineshopping feature at www.scorecardre -wards.com. You can also call customerservice at (800) 854-0790. You may alsoprint an order form from www.score -cardrewards.com. Simply complete theform, including all information requested,and mail to the address printed on theform.

Q: If I don’t have enough Points for theaward I want, can I buy the extra pointsI need?A: No. A sufficient number of Points mustbe available in your account to redeem the

award you want. Points are not availablefor purchase. The easiest way to get morePoints is to make purchases with PSFCU-VISA® credit cards for airline tickets, hotelreservations or car rentals and earn doubleScoreCard® Rewards points.

Q: When can I order awards?A: You may order awards anytime duringthe Program as long as your account is ingood standing (that is, not delinquent, indefault, closed, canceled, blocked, sus -pended or otherwise inactive and notavailable for use as a source of funding) andyou have enough Points to redeem therequested award.

*All loans are subject to credit approval and income verification. PSFCU

membership restrictions apply. Other restrictions may also apply.

Double Your Fun!

Promotion is valid from April 20, 2015 until July 20 2015 and applies to the Platinum and Business VISA® Credit Cards. Rewards points are offered within the framework of the ScoreCard® program.For additional information related to the ScoreCard® rewards program, please log on to www.scorecardrewards.com

DOUBLE YOUR FUN!DOUBLE YOUR FUN!

Annual Meetingof the PSFCU

The Annual Meeting of the Polish & SlavicFederal Credit Union will be held on Sun -day, May 17, 2015 at 2:00 PM at the PolishCultural Foundation, 177 Broadway, Clark,NJ 07066. At this meeting, the results of ourannual election will be reported to themembership. Due to the expiration of theterms of four directors, four seats on theBoard of Directors will become available. Thefour candidates who receive the highestnumber of votes cast will serve three -yearterms. During the meeting the annual reportsfor Fiscal Year 2014 will also be presented.

Get double ScoreCard® Rewards Pointson travel-related purchases

Get double ScoreCard® Rewards Pointson travel-related purchases

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