Now with Fixed Rate Option!NEW

HE-LockHome Equity Line-Of-Credit

Published for the Members of Armco Credit Union Spring 2019

ARMCOCREDIT UNION

Armco CU’s new HE-Lock combines the flexibility of the traditional Home Equity Line-Of-Credit with the low fixed rate and term options of a Home Equity Loan. Lock in different amounts, terms, and rates under one convenient loan agreement and monthly payment without the hassle of re-applying as your borrowing needs change.

• Fixed rates for up to 20 years1

• Up to 85% Loan-To-Value financing• Interest-only payment option• No closing costs or annual fees• Minimum loan amount: $5,000• Interest may be tax deductible1Variable rate based on Wall Street Journal Prime, adjusted monthly. The index is the Prime Rate published in the Money Rates column of the Wall Street Journal. When a range of rates has been published, the highest rate will be used. We will use the most recent index value available to us as of 15 days before the date of any annual percentage rate adjustment. If the rate is not already rounded, we then round up to the next .25%. Fixed rate option available at our current home equity loan fixed rates.

Armco CU is proud to continue its scholarship program for a second year. We have doubled the amount we will give away in total scholarships from last year to $10,000 to current high school seniors bound for full-time enrollment at an accredited college, university, or trade school in the Fall of 2019.

• Scholarship amounts will range from $500 to $1,000

• Applications are available on our website or in any branch location

• Applications must be submitted by July 1, 2019

• Winners will be announced on August 1, 2019

Visit www.ArmcoCU.com for more information!

Armco CU to Give Away$10,000

IN SCHOLARSHIPS!

When: Thursday, May 2, 2019, 6:30 PM

Where: Armco CU 101 Hollywood Drive, Butler

Who: Jillian Gatjka, Manager of Strategic Partnerships CU Student Choice

See page 3 for more details

FREE SEMINAR

Planning for College

Tell us where you want to go.

We’ll help you get there.A Message from MEMBERS Financial Services

Perhaps you’re just starting out, beginning to build the foundation for your future. Or maybe you’re an empty nester, with the newfound freedom to travel and pursue lifelong dreams. Or you might be nearing or at retirement, hoping to maintain a comfortable lifestyle while ensuring you won’t outlive your assets.

Whatever your stage of life, Charles Headley, the MEMBERS Financial Services Representative serving Armco Credit Union, can help, with top-notch financial and investment advice and a full spectrum of investment tools and options designed to help you achieve your dreams.

Chuck has the depth of knowledge and the breadth of experience to help you get where you want to go. From a full range of offerings, he will help you choose the investment options that will help you best reach your financial goals.

At Armco Credit Union, we’ve built a wealth of trust with you. Now, trust us and Chuck to help you build your wealth. To arrange a no-cost, no-obligation meeting, simply call 724-284-2020 xt 1030 at Armco Credit Union.

Charles E. Headley, CRPC®

Vice President, Wealth Management

401(k) Pension Rollovers Retirement Planning Education Funding Mutual Funds Life Insurance Long-Term Care Insurance Wealth Management

*Representative is not a tax advisor or legal expert. For information regarding specific tax situations, please contact a tax professional. For legal advice, consult an attorney.

Securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor. CBSI is under contract with the financial institution to make securities available to members. Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution. FR-2451007.1-0319-0421

As you prepare for the 2019 filing season, the IRS warns you to be wary of unethical tax return preparers, known as ghost preparers. By law, all paid federal tax return preparers or assistants must sign documents that include a valid Preparer Tax Identification Number, or PTIN. Ghost preparers do not have valid PTINs, so they try to get the taxpayer to sign the documents and mail it to the IRS. They may also require payment in cash only without a receipt, adjust income to qualify ‘clients’ for tax credits, and even direct the taxpayer’s refund into their own bank account.

In another scam, fraudsters may send emails posing as the IRS that contain attachments with malware. The fraud account is sent by an email claiming to be “IRS Online” and contains an attachment similar to “Tax Account Transcript” that, when opened, spreads malicious content (dubbed “Emotet”) to your device.

Taxpayers can report any ghost preparer calls to the IRS, and should you receive any questionable emails impersonating the IRS, you should delete them or forward them to phishing@irs.gov.

Please remember that Armco CU will NEVER ask for personal information of any kind by phone, email or text. Nor will we request your name, password, or Personal Identification Number (PIN).

Learn more about this and other related topics at irs.gov.

Important Tax Fraud Alert

Welcome to the Credit Union

We’ve recently added new Sponsor Organizations to our field of membership. We would like to take this opportunity to welcome them to the Armco CU family.

Tell your co-workers and family members about the great benefits of Credit Union membership and invite them to join Armco CU.

If you know of an organization that would like to offer Credit Union membership to its employees or members, please contact us. We’re always looking for new groups!

LOAN RATES

Term (months) APR*

Auto 2017-2019 0 – 36 2.50% 37 – 60 2.75 61 – 72 3.252016 0 – 60 3.25 61 – 72 3.752015 0 – 60 3.752014 0 – 54 3.752013 0 – 48 4.002012 0 – 48 4.50 2011 & older 0 – 36 4.50

Home Equity1st Lien 0 – 60 3.37%(0-85% LTV) 61 – 84 3.59 85 – 120 3.81 121 – 180 4.29 181 – 240 4.542nd Lien 0 – 60 3.87(0-85% LTV) 61 – 84 4.34 85 – 120 4.31 121 – 180 4.80 181 – 240 5.042nd Lien 0 – 60 7.63(85.01%-100% LTV) 61 – 84 7.84 85 – 120 7.82 121 – 180 7.80 181 – 240 8.29Line-Of-Credit 5.50

APR reflects $150 Origination Fee on $50,000 loan amount. Minimum Home Equity loan amount is $5,000.

Mortgage Call or view website for rates

Other Collateral 0 – 36 11.25%

PersonalSavings Secured 0 – 60 2.25%Signature 0 – 42 11.00%Line-Of-Credit 10.50VISA 11.75

Recreational VehicleNew 0 – 60 6.50% 61 – 84 6.75 85 – 120 7.00Used 0 – 48 7.00 49 – 84 7.50

Student (CU Student Choice) As low as 7.25%

DIVIDEND RATESAvg. Daily Balance Rate APY**

Savings & IRA Savings1

0.01 - 10,000 0.25% 0.25% 10,001 - 25,000 0.35 0.35 25,001 - 50,000 0.45 0.45

50,000.01 - above 0.50 0.50

Checking 0.01 – above 0.15 0.15

Christmas Club1

0.01 – above 0.25 0.25 Certificates2 Call or view website for rates

IRAs2 Call or view website for rates

Rates as of March 1, 2019.All information subject to change or correction at any time.

*Annual Percentage Rate (APR) **Annual Percentage Yield (APY)

1Dividend compounded monthly, credited monthly on average end of day balance. No dividend paid on accounts closed during the month, except Certificates and IRAs.2Certificate and IRA rates are subject to change up to the time of purchase or renewal. Normal rate changes will be made on Wednesdays. Certificates, IRAs, and Christmas Clubs subject to penalty for early withdrawal.

Federally insured by NCUA

CLEANbee Property Services, LLCButler

E C MasonryButler

Grapevine Center, Inc.Butler

Kiddie CityButler

Stan’s Lawn & GardenCabot

Perry TownshipPerry

VFW Joseph T. Black Post No. 249

Butler

HOLIDAY CLOSINGSThe Credit Union will be closed to observe the holidays. The ATMs, Online Banking, Tele-R-Phone, and Mobile Banking are always available for members’ use.Memorial Day • Monday, May 27, 2019Independence Day • Thursday, July 4, 2019

FREE SEMINAR - Planning for CollegeAre you or a child preparing for college in the coming years? Not sure what the process is to pay for it? Need to better understand financial aid, and applying for grants and scholarships? If you answered “yes” to any of these questions, please join us for a free seminar discussing these and other relevant subjects.

Reserve your spot for this informative seminar at www.ArmcoCU.com - seating is limited.

Newsletter ContestTo enter, simply answer the following questions, then detach the form and return it to the Credit Union office. Entries must be received by April 30, 2019. If your name is drawn, you’ll win a $25 Gift Card. You must be a member to win.

1. Armco CU’s new HE-Lock allows me to take a loan up to ________________ years at a ________________ rate.

2. Scholarships are available for graduating ________________ seniors. Applications must be received by ______________________, 2019, and winners will be announced on ________________________, 2019.

3. There is a free seminar on ________________________, 2019 about _________________________________ at our Butler office.

Name ___________________________________________________________________________________________________________________________________________________

Address _________________________________________________________________________________________________________________________________________________

Phone Number __________________________________ Account Number ________________________________________________________________________________

Congratulations to the winners of our Winter 2019 newsletter contest:  Darrel Datt, Virginia Fishel, and Suzanne Wasilewski.

They each won a $25 Gift Card.

MAIN OFFICE HOURS: Monday, Tuesday, Wednesday

9:00AM - 4:30PMThursday & Friday 9:00AM - 6:00PM

(Branch Hours Vary)

CONTACT US:Main Office - 724-284-2020

BC3 Campus - 724-431-4702Karns City - 724-756-6700

Mars - 724-779-9090

www.ArmcoCU.com

Paying for college is a challenge many students and parents face. In recent years, the gap between available federal aid, such as loans and grants, and the cost of education has grown larger than ever before. Armco CU is here to help with Credit Union Student Choice private student loans.

*Annual Percentage Rate. The index rate is variable and will adjust quarterly, using the Prime Rate as published in the Money section of the Wall Street Journal on the first business day of the preceding month. Rates will range from 2 – 5% above the Prime Rate, with a floor rate as low as 7.50% as of April 1, 2019. Your rate will be determined based on credit approval. Other terms and conditions may apply. Contact the Credit Union for complete details.

Armco CU Now Offers a Private Student Loan Solution with Your Best Interest in Mind!

Here are just a few STUDENT CHOICE benefits...

As you’ve come to expect from your Credit Union, our rates will be some of the best you can find, and we’ll make the lending process a simple one. Visit www.ArmcoCU.com for more information on this valuable program. We look forward to helping you achieve a higher education without the higher price tag!

• Zero origination fees• Low interest rates• Deferment of principal and interest while in school

• One application for your entire Undergraduate enrollment

• Flexible repayment terms

Another Way To Pay College

For As low as

7.50%APR*