SAVINGS RATES OCTOBER 2020 ITEMS OF INTEREST



MEMBER INFORMATION CENTER 325-677-2274 800-677-6770

MAILING ADDRESS P.O. Box 5706 Abilene, Texas 79608

MAIN OFFICE: 3849 Antilley Road

BRANCH OFFICES: 2801 N. 6th Street 2555 Buffalo Gap Road 1181 E. N. 10th Street 349 N. Mockingbird ? drive thru only

HOURS OF OPERATION: Antilley & N. 6th Street Lobbies ? 9 am to 5 pm, Monday-Friday Buffalo Gap Rd & E.N. 10th Street Lobbies ? 10 am to 6 pm, Monday-Friday All Drive-Thru Teller Facilities ? 7:30 am to 6:00 pm, Monday-Friday 9:00 am to 2:00 pm on Saturday

INFO-LINE TELEPHONE BANKING: 676-4636 or 888-351-4636

E-MAIL (ANSWERED DURING BUSINESS HOURS): atfcu@

ATFCU ROUTING NUMBER: 311376533

IMPORTANT NOTICE REGARDING CREDIT INSURANCE: For members insured with Credit Insurance, coverage terminates on the last day of the month during which you reach the Termination Age of 70 for Credit Life and 66 for Credit Disability.

We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.

SAVINGS RATES

Share Accounts/Savings

Share Draft/ Checking Individual Retirement Account

Certificates $500 - $99,999

Jumbo Certificates $100,000 & Up

$25 - 100 $101 - 1,000 $1,001 - up $1,000 - 1,999 $2,000 - 9,999 $10,000 - up

$100 - up

3 Mo. 6 Mo. 12 Mo. 18 Mo. 24 Mo. 3 Mo. 6 Mo. 12 Mo. 18 Mo. 24 Mo.

RATES .01% .02% .05% .01% .02% .05%

.10%

.06% .06% .15% .20% .25% .26% .26% .35% .40% .45%

APY** .01% .02% .05% .01% .02% .05%

.10%

.06% .06% .15% .20% .25% .26% .26% .35% .40% .45%

All rates are subject to change. These rates were effective 08-12-2020. **Annual Percentage Yield Your savings at the credit union are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.

LOAN RATES

TYPE OF LOAN

TERM

RATES

New Auto & Light Trucks Used Auto & Light Trucks New Boats & RVs New RV's (over $50,000) Used Boats and RVs

1-72 Mo. 1-66 Mo. 1-72 Mo. 73-120 Mo. 1-66 Mo.

1.25% to 13.00% 1.25% to 13.00% 2.25% to 13.75% 2.75% to 15.75% 2.25% to 13.75%

Motorcycle, ATV, Watercraft, Trailer - new only

1-60 Mo.

4.00% to 15.50%

Appliance, Furniture, Antique Auto

1-36 Mo.

5.25% to 16.75%

Fall 2020 Computer Loan - ends 12-31-20

1-36 Mo.

4.9% ($2,000 max.)

Signature/Personal Loan

1-36 Mo.

8.00% to 17.25%

Share Secured Personal Line of Credit Credit Builder Loans MasterCard or Visa Credit Cards

1-72 Mo. 1-36 Mo. 12 or 18 Mo.

2.00% to 4.00% 7.75% to 16.75% 3.5% to 4.0% 9.90%

Home Equity

10 to 20Yrs. 4.00% to 6.00%

Home Improvement

10 to 20Yrs. 4.25% to 6.25%

First Mortgage Loans

15 to 30 Yrs. Please give us a call

All rates are annual percentage rates (APR). All rates are subject to change. These rates were effective 08-12-2020. Loan rates dependent upon credit score and value of collateral Lowest rates shown reflect multiple discounts. See our website or contact your Loan Officer for details. *Competitive first mortgage rates can be browsed on our website. Look for the Mortgage Loan option on the Loans menu.

OCTOBER 2020

ITEMS OF

INTEREST

ABILENE TEACHERS FEDERAL CREDIT UNION

Santa is Still

Skip

-A-Pay is on the Job in 2020!

Here!

Even if he's wearing a mask this year, we're still expecting Santa, gifts and socially-distanced holiday events. The holiday season is famous for knocking a hole in the family budget, making Skip-A-Pay a popular option for many. Members in good standing can elect to skip one or two loan payments during the months of November, December, and January. There is a $15 charge for each skipped payment. ATFCU accumulates the fees, then donates the total to The Boys and Girls Club of Abilene.

Skip-A-Payment was introduced in 2003 and since that time Abilene Teachers FCU members have donated more than $2 million to B&GCA. An entire generation of children has

benefitted from this win-win-win partnership.

There are several ways to enter skip payment requests. When using your mobile device, tap the `More' icon to get started. If you're using a computer, login and locate the Skip-A-Pay section on the online banking landing page. If you prefer the tried and true ways, please give us a call or drop by a branch to get the process underway.

Timing is important! If your loan payment is being made automatically from an outside financial institution OR from another account at ATFCU, please initiate your skip request or contact us at least 5 business days in advance of your payment date so that the proper loan modifications can be completed.

If you have set up your own incoming loan payment using ATFCU digital banking, remember to cancel payments that are already scheduled for the requested month(s).

Skip payments are subject to ATFCU approval and are not available for real estate, home equity, home improvement, overdraft, line of credit or credit card loans. New loans that have not had at least one full monthly payment are ineligible. Full insurance coverage must be in effect for vehicle loans.

Other restrictions may apply. Payment skips or extensions will affect interest accrual, final payoff date, GAP settlements and equity in collateral.

ANNOUNCING THE NEWEST ATFCU SCHOLARS!

The recognized students graduated from high school in 2020 and reveal the breadth of ATFCU member backgrounds. Each hard working recipient received a $1,500 award for their freshman year.

Bo Baker Clyde High Tarleton State

Maddie Beal ATEMS High UT Austin

Taylor Benton Jim Ned High ACU

Austin Brewer Stamford High Sam Houston State

Bryanne Cude Munday High Tarleton State

Miah Dennis Abilene High Baylor

Kenzie Forton Cooper High UT Austin

Derek Jones Cooper High Baylor

Caleb Queen Abilene High Hardin-Simmons

Jia Spangler Abilene High Hardin-Simmons

Phillip Tellez Abilene High UT Austin

Zachary Miller Cooper High New York University

Abigail Prentice Jim Ned High Harding

Recipients are primary members of ATFCU who are selected based upon academic achievement, extracurricular activities, work experience, and evidence of financial responsibility. Applications for next year's scholarship program will be available February 1, 2021.

CUT THE WIRES!

Inter-Institution Transfers Now Available in Digital Banking

There's a new feature in digital banking that's going to be a great help if you need to transfer money between your accounts at ATFCU and accounts you may have at other banks or credit unions within the United States. We call it External Transfers and it's ready to go in both mobile and desktop banking.

To get started, gather your account and routing numbers for the external financial institution(s). Ensure that the information is accurate. Then find `External Transfers' in the `More' section of mobile banking and/or in the `Move Money' section of desktop banking. Follow the prompts to enter the external accounts you wish to use.

Within three business days, the program will make two small transfers (less than $1) from your ATFCU account to the external account(s) specified. When you next access the External Transfers screen, you'll be asked to verify your external account(s) by entering the two transfer amounts. Once you've completed this step, you can make one-time transfers or set up recurring transfers on weekly, bi-weekly or monthly schedules.

There is no charge when you transfer money from an outside account to Abilene Teachers FCU. If you're sending money from ATFCU to an outside financial institution, a $4.50 fee is involved. Since the current domestic wire fee is $15, the use of external transfers offers considerable savings. External transfers can be scheduled on weekdays that are not federal banking holidays. They are not available on weekends.

For more information, please contact our Member Information Center at 325-677-2274 (800-677-6770) or speak to a Member Services representative at any branch location.

CCoomnnmeuctnioitnys with Elizabeth Gray

Well, I don't know about the rest of you, but the summer of 2020 has not gone as expected or planned. Vacations have looked different, camps were cancelled, and school uncertainty are just a few issues challenging most of us. Yes, life looks different but there have been bright moments. I know for many there have been more family nights together, saving money on all the `extras' that are not options at the present, and designing creative ideas for celebrations. We have also taken this time to work on our budget, home projects, and planning for the future. All good things!

At ATFCU, we have continued with the #OperationEatLocal campaign and have had a blast reading the comments about your favorite dishes at the featured eatery. Since the beginning of July, we have featured 18 local eateries and given out 54 gift cards. The restaurants appreciate everyone's participation and patronage. We just love random acts of kindness that involve free food!

Uncertain school openings prevented our normal school supply drive. That being said, when I received a call in midAugust from Darrin Cox, the AISD Homeless Youth Liaison, asking for help with school supplies, the CU Around group was ready. After getting a list of needed supplies, the shopping commenced. You may have seen us at Wal-Mart struggling to push baskets FULL of paper and other supplies! Man, did I get a workout!

Teachers, I can provide financial education opportunities onsite or virtually. Contact me at egray@ to discuss your plans and how I might assist.

HOLIDAY CLOSINGS & ANNOUNCEMENT

Columbus Day............................................Monday, October 12 Veterans Day (observed).................... Wednesday, November 11 Thanksgiving........................................Thursday, November 26 Christmas Day............................................Friday, December 25 New Year's Day............................................... Friday, January 1

BOARD MEMBER NOMINATIONS ? Members interested in submitting a candidate for the 2021 Board Election should send their nomination to the attention of the Nominating Committee, P.O. Box 5139, Abilene, TX 79608.

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download