FoxFacts Newsletter December 2023
Get Ready to Unwrap the Magic of the Season with our Fast Cash Personal Loan
Happy Holidays As we look back at the year, we reflect on the amazing financial accomplishments members have made. We saw them purchase their first vehicles, open businesses, make progress on paying off debt, plan for their financial futures and so much more. It’s so rewarding to see members of Fox move toward their goals and achieve success.
Unwrap up to $10,000, with an Annual Percentage Rate as low as 12.24%,* for up to 60 months! This holiday season, let us be your Santa, delivering the gift of financial flexibility and peace of mind. Choose Fox for your holiday loan needs, and let's make this season the most wonderful time of the year! Our Fast Cash Personal Loan can help you with:
This season we celebrate you, our members, and all that you have achieved this year. We wish you and your family a great holiday season! Chris Allen CEO/President
• Debt consolidation: Lighten your load and embrace the holidays with peace of mind • Paying for home improvements: Deck the halls and make your home bright • Upcoming holiday expenses: Bring your festive plans to life • Unplanned emergencies: Ensure the holiday season remains stress-free
New Location Coming Soon Fox members will soon have a second branch in the De Pere area! This additional location will be on the West side at 1740 Scheuring Road, conveniently located off Interstate 41. The lobby and drive up will be accessible Monday through Friday 9am - 5pm. foxcu.org/locations
Apply now at foxcu.org/personal-loans *Annual Percentage Rate (APR) is accurate as of 11/1/2023 and subject to change. Individual rates and terms may vary based on credit worthiness and loan amount. Estimated monthly payment of $22.37 per $1,000 borrowed at 12.24% APR for 60 months. Loans are subject to final credit approval. Applicants typically receive approved funds within the same or one business day. Must be 18 or older. Rates, terms, and conditions are subject to change at any time without notice. Membership required.
Federally Insured by NCUA.
Federally Insured by NCUA.
Free Money Day: Earn Free Money at the End of Every Month with these Accounts! Unlock Free Money Day by simply opening a Fox Rewards Checking1 account. By establishing a Fox Rewards Checking account, you not only gain access to exclusive benefits, but also open the door to additional earning potential through our Fox Rewards Savings4 and Fox Rewards Money Market5 . Let your money work for you and maximize your financial rewards with Fox. foxcu.org/FreeMoneyDay
Checking
Savings
5.00% 0.50%
2.00%
Annual Percentage Yield on balances up to $5,000 1 Annual Percentage Yield on balances of $5,000.01 and up1
You may also receive up to $15 in ATM fees refunded per month,2 and paycheck up to two days early!3
Annual Percentage Yield4
What’s even better -- there’s no minimum balance to earn this great rate!
Money Market
Annual Percentage Yield5 On a balance of
5.00% 4.50% 4.00%
$1,000,000 or greater $500,000 - $999,999.99 $100,000 - $499,999.99
3.50%
$15,000 - $99,999.99
1.00%
$14,999.99 or less
APY=Annual Percentage Yield, accurate as of 11/1/2023. Rates are subject to change at any time. 1: When the Fox Rewards Checking account daily balance up to and including $5,000.00 earns a dividend rate of 4.89%, resulting in an APY of 5.00%; and daily balances over $5,000 earn a rate of 0.50% APY on the portion of the daily balance over $5,000.00 resulting in a range from 0.50% to 5.00% APY, depending on the account daily balance and meeting the monthly qualifications. When qualifications are not met, the rate earned on the entire daily balance in the account will be 0.01% APY, and domestic ATM fee refunds will not apply. Dividends are calculated and accrued daily based on the Fox Rewards Checking balance tier and Monthly Qualification requirements met. Monthly Qualification Cycle requirements are: (a) have a $500 or more direct deposit or automatic payment during each Monthly Qualification Cycle; (b) enroll in Online Banking and elect to receive eStatements with a valid email address, (c) make 15 Fox Communities Credit Union (Fox) debit/credit card qualifying purchase transactions that post and settle during each Monthly Qualification Cycle. Restrictions apply. For additional details, contact Fox. Limit of one Fox Rewards Checking per tax-reported owner. 2: Fox may refund up to $15 in domestic debit card ATM fees if Monthly Qualification requirements are met during the Monthly Qualification Cycle. 3: Fox will post payroll direct deposits on the day they are received, which may be up to two business days earlier than the scheduled posting date. Other exceptions may apply. 4: To obtain the disclosed APY on the Fox Rewards Savings, you must: (a) consent to receive your statement electronically with a valid email address on file with Fox; (b) have a Fox Rewards Checking Account with the same ownership type as this account; and (c) meet all the monthly earning requirements of the Fox Rewards Checking account. For months in which the minimum qualifications are not met, earnings are reduced to 0.10% APY. 5: Fox Rewards Money Market a tiered rate account. Tier 1 balance of $14,999.99 or less earns 1.00% APY. Tier 2 balance of $15,000 -$99,999.99 earns 3.50% APY. Tier 3 balance of $100,000-$499,999.99 earns 4.00% APY. Tier 4 balance of 500,000-$999,999.99 earns 4.50% APY. Tier 5 balance of $1,000,000 or greater earns 5.00% APY. To earn the APY, you must (a) consent and receive your periodic statement electronically with a valid email address on file with Fox; (b) have a Fox Rewards Checking account with the same ownership type as this account; and (c) meet all monthly earning requirements of the Fox Rewards Checking account. For months in which the minimum qualifications are not met, earnings will be reduced. Contact Fox for additional details. Membership required.
Federally Insured by NCUA.
Auto Buying Expert: Deciphering the Numbers
Free Webinar* on Identity Theft Solutions
With the holidays right around the corner, we’ll likely continue to see low auto loan rates in the market. Are these low rates really a money saver though? I take a lot of calls in that regard, including questions from members considering a new vehicle so they can get a lower rate. Even with a lower rate, the new vehicle can come at a higher price.
Learn the methods that thieves use to access confidential information, tools for prevention, and steps to take should your personal information be stolen or compromised.
To put things in perspective: If you finance $25,000 for 72 months at 6.74% Annual Percentage Rate, your loan payments would be $423.17 a month. In total, you would be paying $5,460.08 in interest for a grand total of $30,460.08.^ Let's break down the costs for a loan with a higher interest rate, but a lower loan amount. For a $21,000 loan for 60 months at 7.74% APR, you would spend $423.24 per month. After everything, you would pay $4,394.02 in interest for a total cost of $25,394.40^ for your new vehicle. Tip: Don’t let the loan rate affect your decision. Take the time to look at the numbers -- and the best way to do that is to call Fox first. We can help you decipher the rates and help you navigate the financing process. And as always, don’t hestitate to contact me. I’m here to help answer any questions you may have. Mike Pastorelli 920-993-3508 mpastorelli@foxcu.org ^The loan comparison examples stated above are for illustrative purposes only and do not replace professional advice. Rates may vary based on creditworthiness, age of vehicle, and term of loan. All loans are subject to final credit approval. Membership required. Rates, terms, and conditions are subject to change at any time.
Upcoming Holiday Closures • Christmas Day: Monday, December 25 • New Year’s Day: Monday, January 1 Branches are closed, but online/mobile banking*, and deposit/withdrawal ATMs remain available. *Mobile Banking and Online Banking are free; however, your mobile carrier's message/data rates may apply.
Federally Insured by NCUA.
Visit Us: foxcu.org/locations
BEST Green Bay CREDIT UNION 3 YEARS IN A ROW!
December 5 12:30 - 1:30pm
December 14 7:30 - 8:30pm
Register for free at foxcu.org/calendar *Webinars are offered exclusively by BALANCE, a California based non-profit organization. Please note that when you register for a BALANCE webinar, you will be directed to a site not operated by Fox Communities Credit Union (Fox). Fox is not responsible for the security or content of the BALANCE site. The presentation is intended for educational purposes only and does not replace independent professional advice. Statements and opinions are those of the presenter individually and not necessarily the opinion or position of Fox. Fox is not an affiliate of BALANCE Financial Fitness.
Fighting Fraud to Keep the Season Merry and Bright
Tips for Thriving Through Market Volatility • Understand your strategy: Your strategy was designed for your specific goals, timeline, and risk tolerance. • Review your needs and goals: This is a great time to determine if your goals and objectives remain the same, or if they’ve shifted, requiring an update to your strategy. • Stick to your strategy: Your strategy was built for your individual time horizon, and sticking to it will position you to work your goals. If you’d like to discuss your strategy, please reach out to a Fox Communities Investment Services representative. foxcu.org/investments
It’s the holiday season, and financial scams are rampant this time of year. Help protect yourself from scams by: • Securing your devices with a firewall and antivirus software • Monitoring your accounts daily and using only secure private networks when shopping or performing financial account activities online • Thinking before you click • Being extra cautious...if something seems too good to be true, it likely is If you have any questions about your accounts or about financial scams, don’t hesitate to reach out to us!
Fox Communities Credit Union (Fox) provides referrals to financial professionals of LPL Financial LLC (LPL) pursuant to an agreement that allows LPL to pay the Financial Institution for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in a conflict of interest. The Financial Institution is not a current client of LPL for brokerage or advisory services. Please visit www.lpl.com/ disclosures/is-lpl-relationship-disclosure.html for more information. Securities and advisory services offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/ SIPC). Insurance products are offered through LPL or its licensed affiliates. Fox Communities Credit Union and Fox Communities Investment Services are not registered as broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Fox Communities Investment Services and may also be employees of Fox Communities Credit Union. These products and services are being offered through LPL or its affiliates, of which are separate entities from, and not affiliates of Fox Communities Credit Union or Fox Communities Investment Services. Securities and Insurance offered through LPL or its affiliates are: NOT INSURED BY NCUA OR ANY OTHER GOVERNMENT AGENCY
NOT CREDIT UNION GUARANTEED
NOT CREDIT UNION DEPOSITS OR OBLIGATIONS
MAY LOSE VALUE
New Blog Post: Tips to Responsible Credit Card Use
Get even more tips at foxcu.org/2023/01/ how-to-avoid-scams
One of the best tips we can give you is to try to pay your credit card balance in full and on time each month. By doing so, you’re basically borrowing funds without penalty -- and likely all while accumulating reward points too!
Federally Insured by NCUA.
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Call Us: 920-993-9000