Member

www.TeachersFCU.org

Member

www.TeachersFCU.org

Matters April 2015

• Now through August 15, 2015• Available at many airlines, hotels, car rental establishments and transportation companies. Visit www.TeachersFCU.org for a complete listing

Three Great Credit Card Promotions2X Bonus Points

for Travel on Platinum Visa® Cards

Balance Transfer for Existing Card Holders• Term: 12 billing cycles• Card must be opened prior to March 17, 2015• Balance Transfers must be a minimum of $1,000**• No Balance Transfer fee

1.99 %Balance Transfer

For Existing Credit Card

Holders

APR*1.99 %Purchases &

Balance Transfer

For New Credit Card Account Holders

APR*

New Credit Card Account Through December 31, 2015, open a new Platinum,

Classic or No Frills credit card account with us and save!

• Term: 9 billing cycles - the promotional rate will extend through9billingcyclesfromthedateofthefirsttransaction• No minimum purchase amount• Balance Transfers must be a minimum of $1,000**• No Balance Transfer Fee• Balance Transfers can be

submitted in the branch, on our website, and online banking

• Members can also use the check attached to their credit card statement

• Not available on Sudent, Share Secured, or Business credit cards

Have You Visited Our Upgraded Website?

On March 10, we launched an all-new TeachersFCU.org. Enhancements to our site have impacted the site’s look and feel, making it easier to navigate and display on your mobile devices. We hope you’ll enjoy using the all new and improved TeachersFCU.org!

CREDIT CARDS

For more information on any of these promotions, please call 631-698-7000, extension 6790. * APR: Annual Percentage Rate. When the promotional period ends, any new or outstanding balance transfers and purchases will revert to the then Standard APR for the card type, which is currently: Platinum 9.96%, Classic 12.84%, No Frills 9.84% All other terms and conditions are the same. ** We will accept balance transfers that are an aggregate of $1,000 as long as they are submitted in one transaction. (This does not apply to statement or letter checks).

Say “Goodbye” to Winter and “Hello” to Spring By Driving a New Car!• Finance up to 100% of the purchase price - including sales tax and warranty.

• Take advantage of our quick approval process.

• Lower your payment by refinancingyourcar loan from another lender with us.

All rates and terms are subject to change without notice. *APR:AnnualPercentageRate.Ratesandtermsareeffective3/18/2015. Rate will be based on credit history. Rate shown is lowest rateavailable.Applicantswhoarenotapprovedattheseratesortermsmaybeofferedcreditatahigherrateand/ordifferentterms.RatesnotavailableonBuyRitePlusballoonloansorleases.NoteligibleforEducatedChoice,Auto Transfer. Pay just $17.29 for every $1,000 borrowed with a 60-month term at 1.45% APR for new auto loans. Pay just $14.75 for every $1,000 borrowed with a 72-month term at 1.99% APR for used auto loans.

1.45 %New Auto

New rates as low as

Get Pre-approved and Save! Leasing & Lease Buyouts

Also Available

for up to 60 monthsAPR*

AUTO

www.TeachersFCU.org2

TFCU Board Member, F. Jane HarrisF. Jane Harris has served on the Personnel, Education, Marketing and Supervisory Committees of TFCU, and was Chairperson of the Supervisory Committee for several years. She is now a member of the Board of Directors and a member of the Personnel Committee. Ms. Harris taught Mathematics in the Brentwood Schools for 32 years and was a student teacher advisor for several mathematics student teachers from Stony Brook University. She served on the committee to write the Ninth Year Regents Examination in Mathematics in New York State; was Financial Secretary of the Brentwood Teachers Association for six years, and is a member of NYSUT, NEA, and the Retired Teachers of Brentwood Schools (ROBS).

GET TO KNOW...

F. JANE HARRIS

With Rates Like These, Why Go Anywhere Else?

HOME

All rates and terms are subject to change without notice. *APR: Annual Percentage Rate. Rates and terms accurate as of 3/18/2015. Term: 180 Months. Daily Peridoic Rate is 0.0055%. HELOC max $500,000 (up to 75% of home value, rate shown for 75% max. LTV). Lines up to $100,000 require $10,000 min. advance & must maintain a balance for 36 months to avoid repayment of closing costs. Lines $100,001 - $250,000: $60,000 advance & maintain a balance for 36 mos. to avoid repayment of closing costs. Lines $250,001 - $500,000: $100,000 advance & maintain a balance for 36 mos. to avoid repayment of closing costs. Variable rate equal to the Wall Street Journal Prime Rate (3.25% as of 2/11/2015) as published 30 days prior to interest rate adjustment date, applied at loan origination. After 24 month period, a 1% maximum rate adjustment is allowed per quarter. Rate will not exceed 18% over the life of the loan. **APR:AnnualPercentageRate.Rates&termsaccurateasof3/19/2015.Maximumloanamountis$417,000.Pay$4.49per$1,000borrowedfor30-yearfixedrate mortgage at 3.57% APR. Taxes, insurance and other costs will result in a higher monthly payment. Primary residence only. This is not a commitment to lend. If your down payment is less than 20% of the home’s value, you will be subject to private mortgage insurance, or PMI. Applicants who are not approved attheseratesortermsmaybeofferedcreditatahigherrateand/ordifferentterms.Rateshownisforpurchaseorrefinance,upto80%financing.Otherratesand terms available for loan to values above 80%. ***APR: Annual Percentage Rate. All rates and terms are subject to change without notice. Rates/terms accurate as of 3/20/2015. Rates will be based on credit history. Rate shown is the lowest available. Applicants not approved at these rates or terms maybeofferedcreditatahigherrateorterm.MiniAdjustableEquityLoan:2%annualadjustmentCAP.Ratecangoupordown2%eachyear.Index=1yearCMTPlus.Margin=3.50.Roundedtothenearest1/8th.LifetimeadjustmentCAP=6%.Appraisalwillberequired.Primaryresidence–NewYorkonly. Ask for details.

Need Extra Cash? Consolidate Debt by Refinancing or Borrowing with a Home Equity Line of Credit or Home Equity Loan

Jumbo Rate Mortgages Also Available:

Maximum Loan Amount Increased from $1,500,000 to $3,000,000. Fixed or Adjustable Terms Available

Home Equity Line of Credit

1.99 %APR*

3.50%Rates as low as

30-Year Fixed Rate Mortgages

3.57 %No Points

RATE

APR**Then Prime Rate for Life!NO CLOSING COSTS!

Fixed Rate for 24 Months

Up to $500,000

10-Year “FIXED” Rate

Mini – Home Equity Loan

3.74 %APR*** 1.625%

“ADJUSTABLE” RateMini – Home Equity Loan

Up to 240-Month TermNO CLOSING COSTS!

APR***NO CLOSING COSTS!

Other Rates/Terms Available

Up to $500,000 Up to $500,000

IRA Certificate Account Special! OFFER EXPIRES

April 15

All rates and terms are subject to change without notice. *AnnualPercentageYield(APY)accurateasof3/18/2015.Apenaltymaybeimposedonearlywithdrawals.Limitedtimeoffer.

SPECIAL PROMOTION

2.00%APY*

60-MONTH

Minimum Opening Balance $1,000

Savings federally insured to $250,000

Member AlertMEMBER NOTICES

EffectiveMay 15, 2015, Teachers Federal Credit Union will no longer split or distribute incoming payroll/or other ACH credits (i.e. retirement funds, social security payments) among multiple accounts. 

Please keep in mind that if you have any automated transfers (such as ACH origination or Bill Payer) scheduled to occur from an account that receives electronic deposits, such as payroll/ or other ACH credits currently, you will need to ensure that the necessary funds are in the account for the transfer or payment to be completed. After May 15, if the necessary funds are not in the account, the scheduled transfer or payment will not be processed.

If you would like to continue automatically distributing funds to multiple accounts, we have a variety of convenient options available that allow you to have more control over fund distribution: 1. You can utilize home banking or our voice response system to make transfers between accounts. This is a very popular feature used by many members. 2. You can set up a scheduled transfer that can be automatically repeated. For example, you can set up an automatic transfer to have funds transferred to anyofyourorothermemberaccountsonapre-definedbasis.Thisfeatureis available in through online banking. 3. Establish a periodic payment using the form found at www.teachersfcu.org/ pages/resources.php.

If you have any questions or concerns, please visit your local TFCU Branch or call us at 631-698-7000, extension 6780, and we will be happy to help you.

www.TeachersFCU.org 3

TFCU Board Member, F. Jane Harris

Win $1,000 for CollegeTFCU will award $1,000 scholarships to six high school seniors who plan to continue their education.

To be eligible, the student must be: • Graduating from high school this spring • Attending an accredited college, vocational, or trade school in

the fall (If selected, you will need to provide us with a letter of acceptance from the school you plan to attend.)

One Entry

Per Student

• A member (or one parent a member) of TFCU by the date of the drawing. (A savings account, with a minimum balance of $1.00 is required for membership.)

To enter, apply online no later than Friday, April 24, 2015. Six names will be drawn on Wednesday, May 6. All winners will be notified by mail and a list of winners will be posted in all branches.

Apply on our website. Look for the “Annual Scholarship Drawing” link on our home page, under the “What’s New @ TFCU” heading.

*Family members of TFCU’s employees and officials are not eligible to enter.

Jumbo Rate Mortgages Also Available:

Maximum Loan Amount Increased from $1,500,000 to $3,000,000. Fixed or Adjustable Terms Available

MEMBER NOTICES

Get a $100 American Express Reward Card And Qualify for EMV Compliance. Stay safe and secure with Newtek!Newtek will offer you a $299 retail value EMV terminal (Dejavoo V8+) for $225 with a $100 AMEX rebate. Your cost will be $125.

Why upgrade?As of October 2015, fraud policies for all major card networks will change. Merchants without chip-enabled point of sale systems may be liable for some fraudulent transactions. Show your customers you care about their personal information and process in a secure manner.

Don’t accept American Express today?Sign up for American Express full acquiring service. Lower rates, one statement, same deposit as Visa and Mastercard.

Call now to get started 1-800-277-6980.

How to claim your $100 reward card: www.americanexpress.com/fightfraud Terms and conditions to qualify for the AMEX gift card rebate good only until April 30, 2015.

BUSINESS SERVICES

SERVICES

TheTFCUniversityBusinessClinicseriesarequarterlyeventsheldspecificallyforownersandleadersofLong Island businesses. We partnered with industry experts to bring you cutting-edge topics and trends you need to succeed here on Long Island.

Topic: “All About Franchises” When: Thursday, April 23 from 7:45 am to 10:00 am Where: TFCU’s headquarters at 102 Motor Parkway in Hauppauge. Continental breakfast will be served.Moderator: Adam Altman, Regional Vice President, Newtek - The Small Business AuthorityPanel: John Mallano,DeputyDistrictDirector,NYDistrictofficeoftheSmallBusinessAdministration Laura Jankowski, Owner & LI Area Developer, Tropical Smoothie Harold Kestenbaum, Attorney who has served as franchise counsel to many regional, national and international franchise companies.

SMALL BUSINESS

You’re Invited…Registration is free, but seating

is limited. Please go to www.tfcu4u.org to register

and for more information. Contact Rich Murdocco at

631-698-7000, extension 3024 if you have any questions.

Fee Change Notice

Effective May 1, 2015, the following fee changes will go into effect:

Money Orders - $3.00 ATM Surcharge for non-members - $2.50

Good News! TFCU Has Joined the Allpoint ATM NetworkYou can now enjoy the accessibility of over 55,000 Allpoint surcharge-free* ATMs worldwide. With locations at nearby retail outlets such as: Target, CVS, Walgreens, Costco, 7 Eleven, Hess, Sunoco and many more. Visit www.allpointnetwork.com to find the location nearest you or call 1-800-809-0308, select option 2. * If you are not a member of the Educated Choice Program, you will be subject to TFCU’s Foreign ATM Fee of $1.25.

NEW SERVICES

TFCU IS NOW EVEN MORE

CONVENIENT!

www.TeachersFCU.org 3

TFCU IS NOW EVEN MORETFCU IS NOW EVEN MORE

www.TeachersFCU.org

TFCU IS NOW EVEN MORETFCU IS NOW EVEN MORE

CONVENIENT!

®

SOME OF THE RETAILERS INCLUDE:

Over 55,000 surcharge-free ATMs worldwide

®

† Facility employees only

Branch Locations

Convenient Loan Call Center Hours 24/7 Loan Information & Applications

631-698-7000, Ext. 6790.

TFCU’s Routing Number: 221475786

Check www.TeachersFCU.org for all of our GREAT RATES!

facebook.com/TeachersFCU

twitter.com/TFCU

Board Of DirectorsGeorge L. Dornhoefer, ChairmanJuan C. Nuñez, Vice ChairmanRaymond P. Grossman, TreasurerRonald A. Mincio, SecretaryF. Jane HarrisApril S. Neitlich Robert J. NeyFred H. SchaeferMario P. Shortino Frank D. Spencer, Director Emeritus

Executive ManagementRobert G. Allen, President/CEO Thomas A. Fallon, EVP/COO

Supervisory CommitteeJames F. Nohe, ChairmanPaul E. Misut, SecretaryShalei V.K. SimmsTimothy M. Southerton

Amityville - 355 Broadway (Rte. 110)Bay Shore - 3rd Ave. and Sunrise Hwy. Brookhaven National Lab†

400 Brookhaven AvenueCentral Islip - 118 Wheeler RoadCommack - 10 Vanderbilt Pkwy.East Northport - 556 Larkfield RoadFarmingville - 2410 N. Ocean Ave. Hauppauge - 102 Motor Pkwy.

Holbrook - 5439 Sunrise Hwy.Huntington - 211 East Main StreetManorville - 460 County Road 111 Merrick - 1638 Merrick Rd. Nesconset - 127 Smithtown Blvd. North Babylon - 1134 Deer Park Ave.North Massapequa - COMING SOON!Oakdale - 951 Montauk Hwy.Patchogue - 31 W. Main Street, Suite 23

Port Jefferson Station - 450 Jefferson Plaza (Rte. 112)Riverhead - 176 Old Country Rd.(Rte. 58)Rocky Point - 561 Route 25ASelden - 301 Independence Plaza, (Rte. 25)Shirley - 437 William Floyd Parkway. Smithtown - 1 West Main StreetSouth Setauket - 260-A Pond PathSUNY Stony Brook - Student Activities Center & Health Sciences CenterWading River - 6257 Route 25A

Manorville–LindaDavis,RonRebaldoNesconset–MickiCahill

Financial Services Representatives at other branches:

Stephen Abbott, CLU, ChFC Financial Advisor2410 North Ocean AvenueFarmingville, NY 11738(631) 698-7035

Frank PecorellaFinancial Advisor3rd Avenue & Sunrise Hwy.Bay Shore, NY 11706631-698-7000, ext. 6925

Chris Hibbard, ChFC, CRPC, CFSSenior Financial Advisor Trust Liaison Officer5439 Sunrise Hwy.Holbrook, NY 11741(631) 698-7000 ext. 6020

631-698-7000 • 1-800-341-4333**Outside the Long Island, Westchester and New York Metro areas.

FINANCIAL SERVICES

TFCU HEADQUARTERS Located at: 102 Motor Pkwy, Hauppauge, NY

Mail: P.O. Box 9005, Smithtown, NY 11787www.TeachersFCU.org

Could Assumptions Harm Your Retirement Plan?Two Common Misconceptions to Think AboutA Message from the TFCU Trust & Financial Services Program#1) Assuming retirement will last 10-15 years. Historically, retirement has lasted about 10-15 years for most Americans. The key word here is “historically”. When Social Security was created in 1933, the average American could anticipate living to age 58 as a man or 62 as a woman. By 2014, reports indicated life expectancy for the average American had increased to 78.8.1,2

So assuming you’ll only need 10 or 15 years’ worth of retirement money could be a big mistake.

In 2014, the Centers for Disease Control and Prevention’s National Center for Health Statistics said that the average 65-year-old American male can expect to live to nearly 83. The average 65-year-old American female has an average life expectancy of 85.5.2

#2) Assuming too little risk. Holding onto your retirement money is certainly important; so is your retirement income and quality of life. Over the last few decades, we have had moderate inflation (and sometimes worse, think 1980). What happens is that over time, even 3-4% inflation gradually saps your purchasing power. Your dollar buys less and less. If your income doesn’tkeepupwithinflation–essentially,youenduplivingonyesterday’smoney.

As you retire, you may assume that an extremely conservative approach to investing is mandatory. But given how long we may live - and how long retirement may last - growth investing may be important.

TFCU’s Annual Meeting

While consistent effort is made to ensure the integrity of information contained in this publication, material should not be considered legal,

financial or professional advice. Terms and conditions apply. Please speak to a representative for details.

ThismaterialwaspreparedbyMarketingLibrary.NetInc.,anddoesnotnecessarilyrepresenttheviewsofthepresentingparty,northeiraffiliates.Thisinformationshouldnotbeconstruedasinvestment,tax or legal advice. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. Please consult your Financial Advisor for further information. 02132015-WR-11891–www.ssa.gov/history/lifeexpect.html[1/28/14]2–www.usatoday.com/story/news/nation/2014/10/08/us-life-expectancy-hits-record-high/16874039/[10/9/14]

TFCU is Sponsoring a Free Workshop for High School Economics TeachersLearn the ins and outs of this all-new edition of High School Economics. The publication includes:

• 28 engaging lessons employing an active-learning approach bringing economic concepts to life. • Integration of economics lessons on topics such as GDP, unemployment,inflation,andtrade.• Ten interactive online activities that connect to and extend the lessons on topics such as: Wage Rates, Productivity, Income Distribution and more!• Bonus - Instructional videos demonstrating teaching and learning in a live classroom setting also included!• Visit http://hseconomics.councilforeconed.org to access interactive activities and learn more about this new resource.

The workshop will include instruction on topics, a copy of the new book and Continuing Education Units.

When: Friday, May 15, 2015Time: Registration - 8:30 am-9:00 am Class - 9:00am-3:00pm (Lunch will be provided)Where: TFCU’sHeadquartersOffice 102 Motor Parkway, Hauppauge, NY Presenter: Dr. Rich MacDonald, St. Cloud State University

For more information or to register, call Jennifer Gunn at 631-698-7000, extension 3322, email jenniferg@teachersfcu.org

or visit www.TeachersFCU.org.

TFCU’s Annual Meeting will be held on Tuesday, April 28 at 6:00 pm atthecreditunion’smainofficein

Hauppauge. All members are welcome.

COMMUNITY

SPACE IS LIMITED