FoxFacts Newsletter January 2022 We all have 85 years worth of celebrating to do We want to sincerely thank everyone who helped make us the terrific organization that we have become — our members, team members, Board, and communities. This year, marks 85 wonderful years of helping each other and the surrounding communities to achieve financial goals and dreams. We’re so proud of our growth and, more importantly, of the things we’ve helped others achieve. From car loans and mortgages, to our thousands of volunteer hours through the years, we cherish all of the special stories behind all of those seemingly simple transactions. Those stories and the people who are part of them are what make Fox so special.
Limited time offer on credit card cash advances through February 2.99% Promo APR for 12 months* 9.90%-17.90% APR thereafter* We are helping make your financial holiday resolutions happen with a low-interest cash advance on your Fox credit card.
Thank you for sharing your lives with us, and for all that you do and have done to allow us to help each other make life happen.
• Consolidate or transfer higher interest rate non-Fox balances or accounts on or to your Fox Credit Card.
As we ride into the future, we reflect on our history.
• Pay off your holiday charges.
• On October 15, 1937, we were established as Combined Locks Credit Union, located inside the Combined Locks Mill. The business and purpose of our credit union was to raise money to be loaned among its members. The first loan was given to a fellow mill worker so he could buy Christmas presents for his family. • On October 3, 1979, we broke ground for our new office building on the Combined Locks Mill property, where the Mill leased the land for $1 per year. • The first stand-alone location opened in 1980 on the Combined locks Mill property, and came at a cost of $110,000. We invite you to discover more of our history at foxcu.org/history. It’s pretty neat that we were able to capture so much of where we came from to where we are today!
Prepare for the unexpected with our home equity line of credit Whether you’re looking to consolidate your high interest debt, pay for education expenses, book a family trip, or just to be prepared for the unexpected, a home equity line of credit may be the answer. Home equity lines of credit (HELOCs) are much like credit cards. You can borrow money up to a certain credit limit and then pay back the borrowed funds along with interest. Use what you need, and once funds are paid back, money is available for you to use again. You are essentially borrowing against your home’s equity and using the home itself as collateral. Take advantage of your home’s equity to: • Establish a credit line up to 90% of your home’s equity. • Use what you need, and once funds are paid back, money is available for you to use again. • Take advantage of a loan that may be tax deductible. With the help of our Digital Banking, it’s easy to access your HELOC funds. Simply transfer money from your HELOC to your checking account. Apply at foxcu.org or call 920-993-9000 today to put your home’s equity to work for you. Variable Annual Percentage Rate (APR) changes based on the Wall Street Journal Prime Rate plus a margin stated in your original home equity line terms agreement. Maximum APR is 18.00%. Maximum loan to value up to 90%. Available draw period for advances during first 15 years. Rates, terms, and conditions are subject to change and may vary based on credit worthiness, qualifications, and collateral requirements. Loans are subject to final credit approval. Consult a tax adivsor regarding deductibility of interest and fees. Membership eligibility required. Equal housing Opportunity Lender. Carrier fees for data usage may apply when using our Digital Banking. Federally Insured by NCUA.
• Get those automotive tune-ups you’ve been tuning out. • Tap into your card for some emergency cash. Perform a credit card cash advance by calling us at 920-993-9000, stopping at any one of our convenient locations, using an ATM (must use credit card PIN), or... 1. Log into Digital Banking. (Need access? Select Enroll on bottom-right) 2. Tap Menu > Transactions > Funds Transfer. 3. Choose Credit Card as From Account and complete remaining prompts on screen. APR=Annual Percentage Rate. Balance transfers and cash advances made 1/1/22 to 2/28/22 will remain at 2.99% Promo APR until 2/28/23. On 3/1/23 the rate will return to 9.90% - 17.90% APR disclosed at account opening. Interest begins accruing as of the transfer/advance date and is calculated using the average daily balance. Offer subject to change without notice. Rewards program does not apply to Cash Advances or Balance Transfers. Loan subject to credit approval. Membership eligibility required. Federally Insured by NCUA.
When will 2021 IRS Form information be available? 2021 IRS Tax Forms 1099 and IRS Tax Form 1098 (Mortgage Loan Interest) will be mailed by 1/31/2022. You will only receive a 1099-INT if total interest earned on your deposit accounts exceeded $10 in 2021. Please remember: If you choose to have your tax refund electronically deposited, you must use the full 12-digit account number along with our routing number, 275977256. For this reason, we did print your full 12-digit account number(s) on your December statements.