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.
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.
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.
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:
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!
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.
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