Advantage - AAEC Credit Union

JANUARY 2021

ADVANTAGE

Credit Union

Welcome to 2021!

2020 certainly was a challenging year for many of us. If you or a loved one has suffered financially, give us a call. We're here to help. Whether you're having difficulty making your payments or you need a new loan, let us see how we might lighten your financial load... and your stress level. And remember, even though the educational community is still our primary member focus, we are now able to serve anyone who lives or works in a very large geographic area covering the northern part of the state. Please encourage your friends, neighbors, and relatives to join AAEC.

We'll soon be introducing an upgraded processing system with new features designed to provide you with improved tools for managing your accounts with us. We will be closed on Thursday, April 1, as we move to the new system.

We know you'll have questions about the upgrade, so we'll be adding information on our website to explain how services will be affected during the transition and to highlight some of the improvements you can expect. Watch for details!

CSoomoinng!

OUR POST-HOLIDAY FRESH START VISA BALANCE TRANSFER

PROMOTION

Both new and existing accounts will receive 2.99%APR for 24 months on balance transfers made between February 1 and April 30!

2.99% APR IN FEB, MAR, & APRIL

Applications are available at .

CLASSROOM GRANTS

AAEC is proud of our affiliation and history with the educational community, and we're happy to once again offer our Classroom Grant Program. This program will award grants up to $250 each to support school employees who will not be reimbursed by other grants or stipends for items they purchase for students' education. To be eligible, you must be an AAEC member. Applications are available on our website and at the AAEC office.

APPLICATION DEADLINE IS 4/30/21

These are just a few of the items purchased with the 2020 Grants.

BILL CONSOLIDATION SPECIAL

Recovering from holiday spending and credit card debt can be tough any year, but for

9.99% APR

many people 2020 made those

FOR ALL TERMS

bills even tougher to pay. Let

UP TO 5 YEARS

us help you tackle that debt

with a special rate on all bill consolidation loans.

All new bill consolidation loans written in January and February will be at 9.99%APR, regardless of the term! Take advantage of this opportunity to get rid of your high interest credit card balances and save money.

Borrow from $1000 to $30,000! Your monthly payment will be $21.25 a month for each $1000 borrowed with a 5 year term. That's only $10.63* a pay period!

Call AAEC or visit our website to apply. We'll gladly calculate your options to find a plan that's affordable for you.

*Assuming 24 pay periods a year. No AAEC rewrites.

'

Question: I want to teach my young grandchildren the value of money and the importance of saving. Where can they earn a fantastic rate on a fully insured savings account?

Question: I want my 14 and 16 year old kids to learn the financial basics. I want to teach them how to handle a checkbook and a debit card safely, but still earn a terrific rate on their money.

AAEC is the answer! They'll even get a free gift when they

open their accounts.

Kids' Club ? For children up to 13 years of age. Savings account earns 5.0%APR on all balances up to $500.

Teen Account ? For teenagers between 13 and 18. Savings account earns 2.5%APR on balances up to $1000, and free checking accounts with ATM or debit cards are available.

Any deposits over those specified will earn our regular account deposit rates. $25 minimum balance is required to open an account. A parent or guardian must be a joint owner. Standard overdraft fees may apply. Members turning 13 or 19 will be transitioned out of these respective programs after the quarter following their 13th or 19th birthdays. Dividend rates subject to change without notice but not to be lower than the dividend rate paid on regular AAEC share accounts.

2751-Advantage 01.21 Serving School Districts 15, 21, 23, 25, 26, 57, 59, 214, NSSEO, & Harper College & all people who live or work in the surrounding northwest suburban community.

S. BELMONT AVE S. PINE AVE

ARLINGTON HTS RD EVERGREEN S, DUNTON

Business Hours: Monday ? Friday 9am ? 5pm Saturday 9am ? 12pm

1104 S. Arlington Heights Rd Arlington Heights, IL 60005 Phone: (847) 392-1922

Teller Express: (855) 605-9178 Fax: (847) 392-1926 Jill Lindsay, President

Chairman Vice Chairman Treasurer Secretary

Directors

John Meyers, Jr. Nancy Milne John Rose

Tom Adam Sharon Eliopoulos Kelley Zerfahs Jan Phillips

Eric Swanson Chris Zima

Credit Union Closings

January 1 ? New Year's Day

January 18 ? Martin Luther King Jr. Day

February 15 ? Presidents' Day

April 1

? System Upgrade

May 31 ? Memorial Day

After hours lost or stolen cards:

Visa Credit Card: (800) 322-8472

cuCheck Card (Visa Debit): (800) 523-4175

cuCash Card (ATM): (800) 523-4175

For Bill Pay questions: call (888) 221-0107

For surcharge?free ATMs:

AAEC, 1104 S Arlington Hts, Arlington Hts or log on to

or

co? or

any Village Bank & Trust location

CENTRAL RD

W. CYPRESS ST

Cypress Park

E. MAGNOLIA ST

11 THMUARRSDCAHY

ANNUAL MEETING

DATE: THURSDAY, MARCH 11TH TIME: 5:30 PM PLACE:VIRTUAL

All AAEC members are invited to attend our annual meeting virtually online or by telephone. You'll have the chance to talk with your Board of Directors, hear about changes planned for 2021, and learn about the current state of the credit union industry.

Simply call us at (847) 392-1922 by noon on March 11, and we'll provide you with the information you'll need to join us online or over the phone.

TAX INFO

TAX

Any accounts earning

over $10 in interest or

dividends, as well as

accounts paying any amount

of interest on real estate loans,

will receive a 1098 form.

All interest and dividend

amounts, even those under

$10, are listed on your end of

year statement. Check your

statement to easily find the

amount you earned for your

4th quarter dividend, your

10% bonus dividend, and your

totals for the entire year.

UNEMPLOYMENT INSURANCE IDENTITY THEFT FRAUD

We have seen an enormous number of fraudulent unemployment claims recently.

How can I spot unemployment insurance identity theft? ?Y ou receive a debit card or an unemployment insurance

letter (UI Finding) and have not filed a claim for benefits.

?Y ou are notified by your employer that a claim for benefits has been filed when you have not been separated from employment.

?Y ou attempt to file a claim online and one already exits.

?Y ou receive IRS correspondence regarding unreported UI benefits.

?Y ou receive notice of a state or federal tax offset.

If you suspect a claim has been submitted using your information, and you have not applied for unemployment insurance benefits in Illinois, take steps as follows:

?DO NOT activate a Debit card received via mail. ?DO NOT deposit a check you may receive in the mail. ?REPORT to IDES as quickly as possible 1. Online: Illinois Department of Employment Security 2. By Phone: (800) 814-0513 3. By Mail:Illinois Department of Employment Security

33 S. State Street, 10th Floor Chicago, Illinois 60603-2802 Attention: Benefit Payment Control

4.M onitor credit reports for fraudulent activities. Request your free credit report at . Contact Experian, Equifax, and TransUnion to have freezes put on so no one can open a fraudulent credit application in your name.

5. Request a PIN from the IRS so a fake tax return for a refund (whether you're due one or not) cannot be submitted.

6.C all AAEC. We'll walk you through extra steps to take to help safeguard your AAEC account.

7.S et up alerts on all your accounts so you'll be notified immediately of activity.

CONSUMER LOAN RATES CALL AAEC AT (847) 392-1922 OR VISIT WWW. TO APPLY!

New/Used Vehicle

2.99% 3.99% 4.99%

All 2019 ? 2021 Models

3 yrs

5.99% 8-9 yrs

(Loan must exceed $25,000)

4-5 yrs

6.99% *10-12 yrs

(Loan must exceed $50,000)

6-7 yrs

7.99% *13-15 yrs

(Loan must exceed $50,000)

3.99% 4.99% 5.99%

2018 & Older Models

3 yrs

6.99% 8-9 yrs

(Loan must exceed $25,000)

4-5 yrs

7.99% *10-12 yrs

(Loan must exceed $50,000)

6-7 yrs

8.99% *13-15 yrs

(Loan must exceed $50,000)

*Car loans cannot exceed 10 year terms.

Give us a chance to beat your dealer's

rate!

If your dealer offers an interest rate lower than ours, please call us. We realize that they're trying to sell you a car and may offer a low rate to get you to buy from them, but we want you to borrow from us! We'll do everything in our power to keep your business.

Signature Loans

Bill Consolidation

9.99%

Effective thru 2/28/2021

Share Secured Loans

Tuition Loans

UP TO:

9.5% 10.5% 11.5% 12.5% 13.5%

1 yr 2 yrs 3 yrs 4 yrs 5 yrs

9.0% 10.0% 11.0% 12.0% 13.0%

1 yr 2 yrs 3 yrs 4 yrs 5 yrs

2.99% 3.99% 4.99% 8.5%

3 yrs 4-5 yrs 6-7 yrs

5 yrs

FOR MORTGAGE AND REFINANCING OPTIONS VISIT OUR WEBSITE, WWW., OR CALL (773) 305-7009

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