NEWSLETTER

JULY 2010

 

DIVIDEND RATES

          Rates are at an all-time low.  The credit union has continued to pay higher than competitive rates on our savings and certificates.   Due to reduced loan demand and low investment rates, we find it necessary to reduce our rates on savings.  The annual percentage yield, effective 7/1/10, can be found on the “Rate” page on the website.

PHISHING SCAMS ALERT

 

            If you should receive an e-mail or text message appearing to be from City Trust Federal Credit Union or NCUA and asks for account and/or personal information or informing you that your Debit/ATM card will no longer work or that you need to re-set your password, consider it to be fraudulent and do not follow the instructions in the e-mail or text message.   The Credit Union does not request such information through e-mails, texts, or telephone calls. 

INTERNET BILL PAY – FREE!

We now have Bill Pay available thru our internet home banking site, Perfect Teller.  You will need to log into your account thru Perfect Teller and sign-up to use this service.  There is no fee to use Bill Pay, however if you sign-up you will be required to make at least payment per month to avoid a $5 fee.            Paying bills online is one of the biggest time-savers online banking creates.

 

American Values. American Savings.
Exclusive Discounts for City Trust Federal Credit Union Members

City Trust Federal Credit Union is going the extra mile to save our members money. We’ve teamed up with the Invest in America discount program to offer an exclusive discount with GM so our members can save up to thousands of dollars on a new vehicle.

Plus, when you finance your new vehicle with us, you save even more money with our terrific low loan rates.

Just visit LoveMyCreditUnion.org to get the details and follow the link to learn how to get your discount. Call us about your auto financing to get pre-approved before you shop.

 

MEMBER NEWS

            Our congratulations to these families and their new addition:

                -Mike & Pat Esterline, grandparents

                 Ben & Natalie Esterline, parents

                                Caleb Alexander

                -Scott Armstrong, parent

                                Karson Nicholas

                -Cheryl Cronin, grandmother

                  Susan Cronin, parent

                                Airanna R

                -Jonathan & Jennifer Schie, parents

                                Samara D

 

                Our condolences to the family and friends of those members we lost:

            -Charlotte Root

                -Eugene Root

                -Marion “Smitty” Smith

                -Mike Quinn

               

DEBIT/ATM CARDS

          If you’re not enjoying the convenience of a Debit/ATM Card, stop by the credit union and apply for one today!

We are now members of TWO nationwide surcharge-fee ATM networks.  Alliance One and CO-OP Network ATMs.  Go to the website Links page to find an ATM near you.

 

 

3nd Quarter 2010 Office Closing

The Credit Union office will be closed:

July 5                              Independence Day
September 6                                Labor Day

 

          Remember, with a Debit/ATM card from City Trust Federal Credit Union, cash is available 24 hours a day, 7 days a week.  You can use your card at ATM machines and you can also get cash back at point-of-sale merchants.  When at the check-out, ask the merchant if they offer cash-back options when you pay with your Debit/ATM Card.  The credit union does not charge a fee on point-of-sale transactions!

 

SKIP A LOAN PAYMENT

You can now choose to skip a payment on your loan.  For just a $25 fee per loan, you can defer your payment for one month (4 payments for weekly payers, 2 payments for bi-weekly payers, 1 payments for monthly payers).  The deferment extends the length of the term of repayment and loan interest will continue to accrue at the contractual rate.  Those who pay through payroll deduction or ACH direct deposit will have the loan payment funds placed in their share account.  Some conditions and restrictions apply.  Check with the credit union for details.

 

 

SHARE DRAFT ACCOUNT POLICY CHANGE

            Effective 8/1/2008, the credit union will provide 1 box of basic checks per year for members with direct or net check deposits and a minimum account balance of $200. 

 

 

ABANDONED PROPERTY POLICY

            The definition of abandoned property is any member account for which the member cannot be located. 

            A fee of $5.00 will be charged each month against an account when the member cannot be located.  If the account balance is under $5.00, the fee charged will be equal to the account balance.  This fee will be charged after the account has been abandoned for 12 months.

            If you know someone who may have an abandoned account with us, please have them contact the credit union.

 

 

DORMANT ACCOUNT POLICY

            The Credit Union has established the following policy for dormant accounts.

            Dormant accounts are defined as accounts with a balance under $50.00 that have had no activity on any share account or loan account for a period of 12 months or more.  Deposits of dividend interest are not considered member activity.

            After one year of inactivity, a monthly fee of $5.00 or the account balance, whichever is lesser, will be charged against the account.  At the time the account balance equals $0.00, the account will be closed.

 

 

 

 

Federally insured by NCUA