You can still get cash at any ATM and conduct transactions through Mobile Banking, Text Banking, e-Branch Home Banking or ANDI, our automated phone system.

HOLIDAY CLOSINGS: Texell branches will be closed for the following holidays:

Your NEWSLETTER | Summer 2018

Your NEWSLETTERLabor DayMonday, September 3

Independence DayWednesday, July 4

for only $99* per month!

$5,000Borrow

*With approved credit. Monthly payment example based on $5,000 borrowed for 75 months at 9.49% APR and includes all available discounts. Monthly payment per $1,000 borrowed is $19.95 based on a credit score of 700 or higher. Individual monthly payments, rate and repayment terms will vary.

Use the money for anything – it’s up to you! Would your next trip become an extra special vacation? Could you check a home improvement project off of your list, or pay off bills? Think about it... what would you do?

For a limited time, you can borrow $5,000 for just $99* per month from Texell Credit Union.

Take advantage of this limited time offer today! Visit Texell.org or call 855.5.TEXELL (855.583.9355).

What could an extra $5,000 do for you?

254.773.1604 | Texell.org

Will your insurance cover your entire auto loan in the event of a total loss or theft? Probably not. In most cases, your insurance will fall short of paying the full balance of your auto loan at the time of loss, leaving a substantial amount of the loan balance for you to cover.

GAP Advantage can pay up to the remaining balance of your auto loan after an insurance payout, protecting you from financial loss. As an added benefit, GAP Advantage will help you get back on the road by providing a $1,000 allowance towards your next vehicle financed through Texell Credit Union.

How it works:Without GAP Advantage

With GAP Advantage

Talk to a Texell representative to find out how you can add GAP Advantage to your next or existing auto loan.

The purchase of GAP Advantage is voluntary and cannot be required as a condition of loan approval. GAP Advantage is a loan deficiency waiver and is not offered as insurance coverage in most states. This article is not a contract and the contents are limited by its size. It only provides a general summary of plan options that are available. Be sure to read your specific contract, as all benefits are subject to the terms and conditions of that contract. Skipped or missed payments, late charges, refundable service warranty contracts, other insurance-related products, and interest charged after the date of loss will be deducted from the GAP Advantage settlement.

A TOTALED CAR IS NOT A TOTAL LOSS

When You Have Texell’sGAP ADVANTAGE

Insurance Settlement Remaining Loan Balance

InsuranceSettlement

Remaining Loan BalancePayoff Benefit

Replacement Vehicle Benefit

IT’S A COMMON SCENARIO: You swipe or insert your Texell Bonus Check Card and you’re given a choice: DEBIT or CREDIT. You may wonder to yourself, what’s the difference? While the ultimate result is the same and the money will be withdrawn from your checking account, there is a BIG difference in the rewards you earn. Do you know which option should you choose? 

CHOOSING DEBITWhen you choose DEBIT, you are prompted to enter a personal identification number (PIN). Be aware that this could possibly expose your PIN to anyone around you, so protect your PIN. The transaction is posted to your account, but you do not earn any Bonus Reward Points. 

CHOOSING CREDITWhen you choose CREDIT, you are prompted to sign for the transaction like a credit card transaction (rather than enter a PIN). The transaction is posted to your account, and you earn 1 point for every $4 you spend. Then you choose your reward – whether it’s cash, gift certificates or tickets to a destination of your choice! With redemptions starting at just 1,400 points, you can reach your first reward in no time.

So, what’s your best choice? It’s obvious! Choose CREDIT to earn points with every purchase!

PIN or Points?

490 54

3 605 66

1

Points?

WHY do you needUmbrella Insurance?Scenario: Your teenage son is driving your daughter and her friend to the movies. He loses control of the vehicle and hits a telephone pole. Your daughter’s friend is permanently injured.

The good news is that umbrella insurance is very affordable, generally $150 to $300 annually for a $1 million policy.

Outcome WITHOUT Umbrella insurance:

The insurance claim is settled for $1,000,000 – which is more than your auto policy covers. Since the liability limit of your auto policy is reached, you will have to pay the amount beyond the policy limit – out of pocket.

Outcome WITH Umbrella insurance:

The insurance claim is settled for $1,000,000 – which is more than your auto policy covers. Since the liability limit of your auto policy is reached, your personal umbrella policy will cover the remaining amount.

To discuss umbrella insurance, or to get an umbrella policy quote, talk to your Texell Financial Insurance Agent today. Visit TexellFinancial.com, call 254.774.5181 or toll-free 855.759.2541.

Your NEWSLETTER | Summer 2018

BUILDING A STRONG CREDIT HISTORY

Seating at the seminar is limited. Visit Texell.org to register.

MYTH: My score will drop if I check my credit.Checking your own credit report is counted only as a “soft inquiry” and doesn’t harm your credit at all. Only “hard inquiries,” the ones made from a creditor or lender when you apply for credit, can bring down your score.

CREDITABILITY:JO IN T EXELL CRED I T UN ION FOR TH I S FREE S EMINAR !

LEARN MORE FACTS ABOUT CREDIT, PLUS: • Why you need good credit

• What your credit score means

• How to establish credit

• How to rebuild good credit

• Tips for using credit wisely

WHEN: Tuesday, July 31, 2018 6:00–7:00 pm

WHERE: Texell Credit Union, Downtown Office 17 South 1st Street, Temple

COST: FREE – Seminar includes refreshments

254.773.1604 | Texell.org 2018.801.M7Insured by NCUA

YES, I would like to skip my next monthly payment!

Member Name: Acct. Number:

Loan Number(s):

Daytime Phone Number:

Please deduct the $35 Skip-a-pay fee (per loan) from my: q Checking q Savings q Check EnclosedRemember, you can save $10 per loan by completing your request through e-Branch Home Banking!By signing below, you authorize Texell Credit Union to advance your loan due date by one month on the loan(s) indicated and acknowledge that this may extend the maturity date of your loan(s). You also acknowledge that this request does not change your legal obligation to the credit union, that your loan agreement with the credit union provides for regular monthly payments, and that the credit union is merely informally permitting you to defer payment for the month indicated above. Interest will continue to accrue on the unpaid balance during the month you skip a payment. A $35.00 processing fee will be assessed for each loan you choose to skip a payment, and when payments resume, unpaid interest will be collected first. The processing fee is non-refundable and must be paid 10 days prior to the loan(s) due date and cannot be rolled into the loan(s) balance. You acknowledge that Guaranteed Asset Protection (GAP) contracts only allow for one (1) skipped payment or loan extension over the life of the loan. Any additional skipped or extended payments will be deducted from the amount paid if a GAP claim is made. Holiday, Credit Builder, Yes!, Teacher, Employer, Home Equity, Home Improvement, Land, Mortgage, One-Time Payment, Fresh Start, Lines of Credit, Credit Cards and loans 15 or more days delinquent are not eligible for skip-a-payment. Loans that have been 30 days past due within the last year are not eligible for Skip-a-pay. Loan payments must have been on time during the 3 months preceding this request and all accounts at the credit union must be in good stand-ing. If approved, your regular monthly payment schedule will resume immediately following the month of your skipped payment.

SIGNATURE DATE

SKIP-A-PAY

Please complete andreturn to TexellMail to: PO Box 983, Temple, TX 76503Fax to: 254.774.5158Drop off at: Any branch location

by doing yourSkip-a-paythrough e-BranchHome Banking!

isn’t just for the holidays anymore!

We announced exciting changes to our Skip-a-pay program earlier this year, but if you missed it, read on!

1. You can skip your eligible loan payments up to two times every twelve months, as long as they are not back-to-back payments (for example, January and February).

2. You choose the month(s) you skip your loan payment. It’s not just a holiday promotion anymore!

Skip your next monthly payment for a low processing fee of $25 when you skip your payment through e-Branch Home Banking. To take advantage of this discounted option of $25 per loan, simply log in to your e-Branch account and follow the step-by-step instructions. That’s a savings of $10 per loan when you use e-Branch!

If you do not wish to skip your payment(s) using e-Branch and take advantage of the $10 per loan discount, please fill out the information below and return. Remember, if you select this option, the processing fee is $35 per loan.

SAVE$10