Fox Facts Newsletter - October 2023

FoxFacts Newsletter

October 2023

Rewards Checking + Rewards Savings: Free Money Day Keeps Getting Even Better!

Introducing Fox Rewards Savings1, where you can now enjoy an impressive 2.00% Annual Percentage Yield on your entire balance. That's right – every cent in your account can earn you money. With no monthly fees or transaction limits, opening this account is an absolute no-brainer!

This new savings account is available exclusively to members with a Fox Rewards Checking2 account – which is equally amazing. Earn a remarkable 5.00% APY on balances up to $5,000, receive up to $15 in domestic ATM fee reimbursements monthly, and potentially access your paycheck up to two days ahead of schedule.

Why wait? Start maximizing your earnings today! Visit foxcu.org/freemoneyday

APY=Annual Percentage Yield, accurate as of 8/31/2023 and subject to change at any time. 1: In order to earn the disclosed APY, during each dividend period You must: (a) consent to receive Your periodic statements electronically; (b) have a valid email address on file with the credit union; (c) have a Fox Rewards Checking Account with the same Ownership type as this Account; and (d) meet all monthly earning requirements for Fox Rewards Checking Account. 2: To earn disclosed 5.00% APY, you must meet monthly qualifications and have a balance up to $5,000; the balance portion above $5,000 earns 0.50% APY. Dividends are calculated and accrued daily based on Fox Rewards Checking balance tier and if Monthly Qualification requirements are met. Monthly Qualification Cycle requirements are: (a) $500 or more direct deposit, automatic payment, or a combination, (b) enroll in Online Banking and elect to receive eStatements with a valid email address, (c) 15 Fox Communities Credit Union (Fox) debit card, Fox credit card or a combination of qualifying purchase transactions that post and settle during Monthly Qualification Cycle. Restrictions apply. If Monthly Qualification Cycle requirements are not met earnings reduce to 0.01% APY on account balance, and domestic debit card ATM fee refunds will not apply. For additional information, contact Fox. Limit of one Fox Rewards Checking per tax-reported owner. Membership required. Federally Insured by NCUA.

October Marks Our One Year Anniversary of Partnership with Trustage®

When it comes to your financial game plan, insurance could play a vital role. The challenge lies in discovering coverage that best aligns with your needs and budget, offered by a trustworthy partner. That's where our partnership with TruStage®* shines.

Dive into quotes or explore your options at foxcu.org/insurance

Insurance Company, 175 Berkeley Street, Boston, MA. To the extent permitted by law, applicants are individually underwritten; not all applicants may qualify. Discounts are not available in all states and discounts may vary by state. A consumer report and/or motor vehicle report will be obtained on all drivers listed on your policy where state laws and regulations allow. To stop receiving offers from Trustage call 866-862-1819.

Closed for Upcoming Federal Holiday: Monday, October 9

We’ll be closed on Indigenous Peoples' Day, as a tribute to the rich tapestry of indigenous American cultures, their profound histories, and enduring contributions to our society.

Fraud Alert: Skimmer Incidents

Uncovered in the Milwaukee Area

Stay vigilant in your local area as skimming devices have been found in Milwaukee. The likelihood of these fraudsters expanding their operations to other regions is significant.

But what is skimming? Skimming involves installing unauthorized devices on ATMs, payment terminals, or fuel pumps to capture card data and PINs for fraudulent activities. Here’s how you can protect your financial information:

• Inspect ATMs, payment terminals, and other card readers before using. Look for anything loose, crooked, damaged, or scratched.

• Pull at the edges of the keypad before entering your PIN. Then, cover the keypad when you enter your PIN to prevent cameras from recording your entry.

• Use ATMs in well-lit, indoor locations, which are less vulnerable to skimming.

• Be alert for skimming devices in tourist areas, which are popular targets.

• Use debit and credit cards with chip technology. In the U.S., there are fewer devices that steal chip data versus cards that only have magnetic strip data.

• Avoid using your debit card when you have linked accounts. Use a credit card instead.

• Contact Fox if the ATM doesn’t return your card after you end or cancel a transaction.

• Activate Card Controls within our mobile app to turn your card off and on, get notifications when your card is used, and so much more. Learn more at foxcu.org/fox-card-controls

And as always, if you have any questions or concerns, please don’t hesitate to contact us.

When it Comes to a New Vehicle, Should You Opt for an Extended Warranty?

It depends. If you can handle paying for repairs as they arise, the choice is about cost management. But if unexpected expenses could strain your finances, an extended warranty* might be wise.

Repair costs are soaring, and we o en hear about high repair bills. The situation gets tricky if repairs exceed the car's value.

Stressed over the warranty cost? Consider this: A 5-year 120,000-mile warranty costs $2,000. If you break that down into a yearly cost, it’s only $400 per year. Many pay more for car insurance. If you’re willing to pay for accident protection, why wouldn’t it also be worth while to protect mechanical/electrical parts of a vehicle with a warranty? There are usually more cars in the service department getting repaired than in the body shop getting repaired. Just some food for thought.

Mike Pastorelli Auto Buying Expert 920-993-3508 mpastorelli@foxcu.org

Student Loans: Should You Choose Federal or Private*

This free webinar explains key differences between federal and private student loans, and compares eligibility, interest rates, repayment plans and more. Participants will learn how to choose the option that best suits their needs. Join us for either date.

Warm Up Hearts: Donate Coats for Children in Need

From September 25 to October 26, we will be collecting gently used and new coats at all Fox branches. Your donation of coats or money can make a difference and bring warmth to young hearts through the Salvation Army Coats for Kids program. Help us beat last year’s collection of 4,601 coats.

Credit Unions Come Together to Raise Money and Increase Awareness About Domestic Violence

In response to the alarming statistic that Wisconsin ranks 7th in the U.S. with the highest death rate due to domestic violence, local Credit Unions, including Fox, are taking action. Join us, in raising awareness by purchasing purple light bulbs for a recommended donation of $10 at our branches until October 14. Together, we aim to illuminate the issue and spark crucial conversations, working toward a safer and more informed community.

Find the nearest credit union and more details at foxcu.org/purple-light-project

Source: vpc.org/studies/wmmw2022.pdf

A Rise in Student Loan Scams

Due to the payment pause being lifted on federal student loans, scammers are now working hard to step in and deceive borrowers. According to the Consumer Financial Protection Bureau, approximately 65% of student loans have had changes in who services their loans in the last three years. This makes it easy for scammers to step in and fool you. If you’re unsure who your current servicer is, we encourage you to visit studentaid.gov to ensure you’re sending your payments to the correct servicer.

This website* is also where you can consolidate your student loans for no cost. Be aware of anyone who calls you about consolidating your federal student loan for a fee. If you’re interested in refinancing with a private student loan**, Fox is here to help!

Details and register at https://mbr411.com/p1tr9

views or strategies discussed are suitable for all investors or will yield positive outcomes, Investing involves risk including possible loss of principal. 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.

Register 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

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