penny wisePenn State Federal

Credit Union That's my

Summer 2016Volume 16 Issue 3

www.pennstatefederal.com

FeaturesMessage from the CEO

Auto Ad

Like Us? Share Us!

Home Equity Ad

Back to School with Penn State Federal

Skip-A-Pay Coupon

Bill Pay

Contact Information

Independence DayMonday, July 4

Labor DayMonday, September 5

Holiday Closings

Message from the CEO

I would like to update you on the progress of our new Penny Online banking platform. We are diligently working towards providing you with a redesigned product with improved security features, ease of

use and a new look. We know how important home banking is to our membership and we are excited that you will be making this transition with us. We will be keeping you informed through the website, mailings and email correspondence of important dates coming up to begin preparing for the transition.

If your current VISA debit/credit card is getting ready to expire, be on the lookout for your new card with chip technology to be arriving soon. The new chip cards are a safer way to conduct financial transactions at retail locations, helping to reduce fraudulent charges.

We are also happy to again be the main sponsor of the Central Pennsylvania’s Festival of the Arts Children’s Day on Wednesday, July 13. This event gives the young artists in our community a time to show off their talents plus kick off the Arts Festival in downtown State College. Our team members will be manning a booth on Allen Street during the event, so be sure to stop and say, “hello”.

Wising you all a fantastic summer,

Cheryl L. Barr

CEO

In MemoriamOn June 4, 2016 Penn State Federal lost a loyal supporter of the Credit Union with the passing of James Beierlein. James had been a member of our Board of Directors for 37 years including positions on various committees and serving as Chairman of the Board. James always had kind words of encouragement and wisdom for Penn State Federal’s staff and management team. He was a strong believer in Penn State Federal and helped us to grow within the Penn State community during his tenure. James will be sorely missed by everyone who knew him.

Like Us? Share Us!Here’s a way to help yourself and your family and colleagues: spread the news about why belonging to the Credit Union is a good idea. You help yourself because as a cooperative, the more members who are engaged in the Credit Union, the better. We’re able to operate more efficiently and effectively, which translates to increased value for our member-owners by offering lower rates on loans, competitive rates on savings, and improvements to products and services.

You’ll also be helping your friends and family members experience what Penn State Federal is known for -- quality service and great rates! So please pass the word on. Let them know that chances are they are eligible to join the Credit Union and that they are missing out on a great deal by using another financial institution. Remember, friends don’t let friends pay too much for financial services! Urge them to call, click, or stop by Penn State Federal for more information and to find out how they are eligible to join us today.

*APR=Annual Percentage Rate. New loans only. No other loan discounts apply. Rates shown above are based on the best credit score. A 12-month loan at 1.99% APR* would have monthly payments of $84.23 per $1,000 borrowed. A 60-month loan at 2.50% APR* would have monthly payments of $17.75 per $1,000 borrowed. Valid on vehicles 2010 and newer with terms up to 72 months. Motorhome, New & Used Vehicle, and Motorcycle Loan rates dependent on applicant’s credit history and vehicle year, make and model. Other rates and terms available. All loans require title lien and full coverage insurance. Rates are subject to change. **Loans used to refinance a current Penn State Federal Loan add 50 BPS (add .50% APR*) unless an additional $1,000 is borrowed. Penn State Federal is federally insured by the National Credit Union Administration. Penn State Federal is an Equal Opportunity Lender. Penn State Federal is an Equal Housing Lender. Membership Eligibility Required.

Back to School with Penn State FederalWhether you’re heading off to college or still packing a pencil case, your Credit Union makes the grade when it comes to getting you back to school!

Tuition time - if you or your favorite student is relying on Student (or parent) loans to fund education, talk to the Credit Union about what we have to offer and how we may be able to help. If part of your financial planning involves paying for your child’s education with the equity in your home, we can discuss what Home Equity Loan options are best for your situation.

School clothes, books and supplies - if there’s one thing that’s certain when your children return to school, it’s that last years clothes don’t fit! Consider a VISA Platinum Rewards Credit Card to help pay for all the back to school “stuff” your children need. You’ll also have the ease to pick up books, food or other essentials anytime during the school year.

Checking and Debit Card - need a financial institution you can trust that doesn’t charge outrageous fees? Any student knows the Credit Union offers the sweetest deals on checking with account access nationwide 24/7 via home banking, our mobile app or through our Debit Card.

Take Penn State Federal back to school with you - we’ve got class!

*APR = Annual Percentage Rate. Rates are dependent on your credit score and the loan term. Above rate requires the best credit score. No other discounts apply. No closing costs. Loan-to-value may not exceed 80%. A 180 month loan at 5.50% APR* would have monthly payments of $8.18 per $1,000 borrowed. See Rate & Fee Schedule for rate details. Rates subject to change at anytime. All other standard home equity loan conditions apply. Other rates and terms are available. Penn State Federal is Federally insured by the National Credit Union Administration. Equal Opportunity Lender. Equal Housing Lender.

**Limited time offer with no application fees until September 30, 2016. Membership Eligibility required. For more details visit www.PennStateFederal.com.

Member Name

Member #

Month(s) NOTE: More than one month’s payment may be skipped per loan, but not in consecutive months.

Loan purpose or ID #

Sign & Date Sign & Date

Skip-A-Pay CouponNeed a vacation from your next

loan payment? This coupon gives you the opportunity to skip one or more of your loan payments. Real estate secured loans, VISA® and ACCE$$ credit lines are not eligible for Skip-A-Pay. Simply fill this coupon out and drop it off at one of our offices or fax it to 814-865-9041.

Skip-A-Pay Terms and Conditions

Members can choose to skip a payment on one or more loans. The

payment will be deferred & extended to the end of the original term of

the loan(s). Interest will continue to accrue on the unpaid balance(s)

during this period. The next regular payment is due on the normal due

date. By skipping a payment, the term of the loan may be extended. All

other terms & provisions of the original loan agreement are unchanged.

Regular payments made through Direct Deposit or Payroll Deduction

will be deposited into your Share Savings (01) Account for the skipped

month only. Loans for which any payment has been 30 days late in the

last 12 months are not eligible. Loans for which extension agreements

have been granted will be limited to one month and are subject to credit

review. To defer a payment, this signed agreement must be received no

later than 15 days prior to that payment’s due date, must be signed by

all borrowers on the loan(s) deferred. We reserve the right to limit the

number of skipped payments granted per year, typically not to exceed

two. More than one month’s payment may be skipped per loan, but not

in consecutive months. When requesting a Skip-A-Pay and signing this

agreement it may affect your ability to collect on a current insurance

policy such as GAP (Guaranteed Auto Protection).

Penn State Federal Credit Union That's my

1937 North Atherton Street State College, PA 16803

www.PennStateFederal.com

That’s my Credit Union! That’s my Credit Union! That’s my Credit Union!

CONTACT USinfo@pennstatefederal.com

(814) 865-7728 • (800) 828-4636Missing credit card or debit card? (866) 840-2662

VISIT US

123 Amberleigh LaneBellefonte, PA 16823

Mon. - Wed. 9:00am - 4:00pmThurs. & Fri. 9:00am - 5:30pm

1937 N. Atherton StreetState College, PA 16803

Mon. - Wed. 9:00 am - 4:00 pm Thurs. & Fri. 9:00 am - 5:30 pm

PSU LL009 HUB-Robeson Center University Park, PA 16802

Mon. - Fri. 9:00 am - 4:00 pm

ROADSHOWWe regularly visit Penn State departments & campuses. Call (814) 933-1667 if you’d like to schedule a visit or

involve us in your next event.

Penny Wise is a quarterly publication of Penn State Federal. Direct comments to marketing@pennstatefederal.com or Marketing c/o Penn State Federal.

This publication does not constitute legal, accounting or other professional advice. Although it is intended to be accurate, neither the publisher nor any

other party assumes liability for loss or damage due to reliance on this material. Copyright 2015 Penn State Federal Credit Union.

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Penn State Federal Credit Union is federally insured by the National Credit Union Administration