tems of Summer Spr ing 2015 2016
We’ve YOUNG ADULTGot CAR LOAN IS A WIN-WIN
Loans to Fitare Every Lifestyle Deposits a Click Away
Everyone has different financial needs — that’s why First Choice Credit Union offers loans to fit every lifestyle. Our loans come in all shapes and sizes for many purposes — car, home, credit card or personal. You can count on us for the financing to make it happen. We have designed a car loan program for your young adult that benefits the parents as well…
King of the Road … New Cars
• The loan won’t tie up your credit as low as availability if you don’t need to co-sign APR*
.75%
• The loan offers your child the opportunity to develop some financial as low as independence
Used Cars
1.00% APR*
• We will counsel the young adult on the importance of financial responsibility, You’ll feel like the king of the road when building score andus.other you financetheir yourcredit car loan with That’s related with topicsour incredibly low rates because • The loan has in the form designed for rewards all lifestyles, we’llofput rate discounts that encourage saving you behind the wheel with affordable and good grades in school monthly payments. • You have the confidence that your If running around from dealership to Credit Union will serve your child’s dealership and haggling over price is best interest not your thing, simplify the car buying • This loan also removes many of the process and have an expert assist you. barriers that prevent a young person Get in touch with our Auto Advisor by from financing a car at a reasonable calling our office at 561-649-7133 or rate. Unique features include: online at www.firstchoicecu.org. - Acceptability of older vehicles We have just aboutbased every type of - Various loan terms on the dollar loanamount to fit your We’ll get you of thelifestyle. loan qualified (apply online, by phone or in - Less stringent income and employment person and get pre-approved) and put requirements the cash needtoinseeing your hand We look you forward many—offast. our From rates to service, do loans well. younger members this we summer and being a part of their bright financial future.
With our newest feature to mobile banking, mobile deposits, your checks are in your account with just a click. The mobile deposit feature on our mobile app lets you snap a photo of your check and make your deposit electronically.
Items of Intere
Simply log in, select Deposit, choose the amount for deposit, take pictures and you’re done! Best of all, Mobile Deposit is a FREE feature of our mobile app.
tems of School’s Out for Summer
Summer is here and thoughts of school and homework are the farthest thing from most teenagers’ minds. But, there are still lots of life lessons to learn. Along with the financial guidance you are already providing your teen, we have designed several accounts to give your teenager real options to start a successful financial future.
Establishing Credit For your Teens If your young adult is between 16-21 years old*, start off with our Student MasterCard featuring: • Low, fixed 14.76% APR • Interest free grace period on purchases • Cash advances at ATMs worldwide • Low annual fee • Credit line from $100 to $500 • Easy balance transfers The management of the first time credit card will teach them to spend wisely and buildneed a solid history for the*Annual future.Percentage This is important credit Rate includesbecause all discounts. Our So, work whentoyou to credit borrow, make Fair your Lending Program allows us to best service members will be reported to the credit bureaus when child turns 18. sure First Choice Credit Union is the in a way that is consistent with their credit history. Regardless of what their credit history is, online it’s important foryou your today or apply at firstCall place turnStudent to for a MasterCard loan to fit application that each member feel that they can rely on us to offer www.firstchoicecu.org. your lifestyle. the fairest and best rate possible. The rate a member *Under 18 years of age, parent must co-sign.
Federally FederallyInsured Insured bybyNCUA NCUA
pays on a loan will be determined by their credit history and the term of the loan.
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Kickstart the Car Buying Process-it’s as Easy as One-Two-Three
Be an Educated consumer Now that you’ve decided to make the investment and you are ready to purchase a new vehicle, be an educated consumer. The more you know, the more you can save by making wise financial choices. Is buying a car with dealer 0% financing really the best deal? Here are some need to know tips:
Whether you are looking to buy a new or used car this summer, we’ve got you covered. Our goal is to get you more vehicle for less money. Not only will we provide you a rate and payment that fits your budget, we can even help you find the right car.
We have partnered with Auto Advisors. Auto Advisors looks at the entire transaction from trade-in values, add-ons, dealer incentives, rebates and financing. The professional advisors make sure that you are purchasing the right car at the right price - haggle-free and hassle-free! So, if you’ve been putting off buying that new or used car because you dread the dealership pressures, your worries are over. We’ve made the entire car buying experience simple as easy as 1-2-3: 1. Get pre-approved so you will know exactly what kind of car your budget can afford. Apply online at www. firstchoicecu.org, contact our Call Center during regular business hours or stop by our branch. 2. Provide our AutoAdvisor with the make, model and even the color vehicle you are looking for. If you need to visit the dealership, our Auto Advisor will meet you there to guide you throughout the entire process. 3. Receive a .25% discount off your loan rate just for using the service!
• A perfect credit rating is usually needed to qualify for 0% interest on car loans. The offer will get you in the door, but only a small percentage of all car buyers actually qualify for 0% financing. • 0% financing usually means the terms of the loan will be shorter and the monthly payment larger.
Financing
• 0% rates are usually offered only on select models so your vehicle choices will be limited. • In order to get 0 % financing, you may have to forfeit a manufacturer’s rebate. Even if you qualify for 0% financing, sellers often make up for the lost finance charge by increasing the overall price of the vehicle.
Dealer Rebate Now that you are more familiar with the 0% offer – how does that compare to the Dealer Rebate offered? If you were lucky enough to qualify for the 0% offer, should you take the offer or the rebate? Let’s see how it really works and compare: Without the rebate
With a $2,000 rebate
Cost of the vehicle $22,000
$20.000
Interest 0%
1.00%*
Term 36 months
Term 36 months
Monthly Payment $611.12
$564.19
Cost of the vehicle with no finance $22,000
Cost of the vehicle with rebate $20,310.55
By taking the rebate, your total savings would be $1,689.45. Being an educated consumer really can save you money! *1.00% APR is quoted payment protection package and stellar reward. For full details, speak with any Member Service Representative.
More….Need to Know
!
Insurance products – Should you buy them from the dealership or from First Choice Credit Union? We offer both GAP (Guaranteed Auto Protection) and MRC (Mechanical Repair Coverage) policies that typically cost HALF of what the dealership charges.
Quinceañera Loans with Special Low Rates
Beware of the Finance Guy The dreaded finance department. This is where the dealership really counts on making their money. You’ve driven the car, you’re excited to drive away and show your friends and family. Your excitement now puts the finance guy in the driver’s seat and everything he says seems to make perfect sense! Or does it? Remember, they are trying to sell you the car, the products and a loan that will make them the most profit. For more valuable car buying tips, visit https://www.firstchoicecu.org/index.php/ low-cost-auto-loan-resource-center.
Get Your Free Annual Credit Report (but be sure that’s all you are signing up to receive!) Your credit score plays a vital role in many ways, including:
• Determining what interest rate you pay when borrowing money • The cost of our auto or homeowners insurance • Qualifying to rent an apartment It’s important that you review your credit report to make sure it has your correct information. You are entitled to one free copy per year. But, be aware of where you order your “Free” report. Many sites claim to be free but you may end up signing up for a monthly or yearly review and fee without even realizing that it’s in the fine print. Go to www.AnnualCreditReport.com to request your free credit report without concern of signing up for any additional services with ongoing fees.
First Choice Credit Union can help you have the Quinceañera event for your beautiful daughter that you have dreamed about without the financial stress. Our Quinceañera loan will make everything affordable - from the dress to the photography - so you can spend less time worrying and more time enjoying that special day. Simply apply online at www.firstchoicecu.org or call 561-641-0100. To help commemorate the Quin ceañera, we offer a 1% discount off our already low secured interest rates. Plus, First Choice Credit Union will deposit $25 to open a savings account for her.
1%
discount on loan rates
&
25
$
deposit by us to open a savings account
Simplify Life We want you to be able to take us wherever you go so we make it easy with mobile banking. You can check your account balance, transfer funds, and more – right from your smartphone! Don’t have a smartphone yet or looking to upgrade? Sign up for the Sprint Credit Union Member Discount and you’ll get a 10% discount on select regularly priced Sprint monthly data service. Couple First Choice Credit Union’s mobile banking with the latest smartphone at a great price from Sprint and you have two ways to make life easier and economical.
Visit www.firstchoicecu.org to see our mobile banking options and log on to LoveMyCreditUnion.org/Sprint to find out how you can get the Sprint Credit Union Member Discount.
Unclaimed Money… Does Any of it Belong to YOU? Did you know that the State of Florida receives unclaimed funds and securities from Florida based companies when there is a consumer overpayment or property is abandoned? It could also come from security deposits never claimed or paid back or maybe even forgotten bank accounts. Find out if some of those unclaimed dollars belong to you! Visit the Florida Treasure Hunt at https://www.fltreasurehunt.org/ and follow the simple steps.
Sprint offers these savings:
• A 10% discount on select regularly priced Sprint monthly data service • Waived activation fee on new lines ($36 savings) • Waived upgrade fee ($36 savings) • Mention Corporate ID: NACUC_ZZM at a Sprint store or when you call
Member Verification You will need to verify your credit union membership. There are four simple ways to do it: 1 The free Love My Credit Union Rewards app for Android and/or iPhone. Find the app by searching for “Love My Credit Union Rewards” The app will prompt you to black out all confidential information on your documentation 2 Fill out and fax the Sprint Verification Form (available online at LoveMyCreditUnion.org/Sprint) and supporting documents to the Sprint Corporate Accounts: 913.523.1987 or toll free: 877.687.8211. 3 Visit www.Sprint.com/verify from a mobile device. 4 Sign up for Sprint’s AutoPay using your credit union checking account or credit union debit/credit card: www.sprint.com/.
Holiday Closings Independence Day Monday, July 4, 2016 n
Labor Day Monday, September 5, 2016 n