Website Membership Accounts Loans Services Contact Us

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1 Website Membership Accounts Loans Services Contact Us In This Issue Annual Meeting Adjourned Dangers of Payday Loans Nationwide Insurance Savings Sudoku Shared Branching Love My CU Discounts Join us on Facebook Dear Shelley, Spring 2016 See what's been happening at New Castle County School Employees Federal Credit Union in the Spring 2016 quarterly edition of Class Notes! Board of Directors President Dave Taylor Vice President Nancy M. Smith Treasurer Larry Gocella Secretary Bob Evancho Directors Ann T. Boniface Virginia Dennis Syd Goldberg CEO Terri L. Keene

2 Hours & Closings Hours: Main Office WINTER HOURS Monday - Friday (begins Monday, August 15th) 9am to 4:30pm Saturday (begins Saturday, September 10th) 9am to 12noon CLOSED Sunday SUMMER HOURS Monday - Friday (begins Monday, June 20th) 9am to 4:30pm CLOSED Saturday (begins June 18th) CLOSED Sunday Chrisitiana HS Branch (When school is in session) Monday,Wednesday,Friday 10 am to 1 pm ATTENTION MEMBERS WITH VEHICLES FINANCED AT A FINANCIAL INSTITUTION OTHER THAN NCCSEFCU Closings: Memorial Day Monday, May 30th Independence Day Monday, July 4th

3 Loans For Every Need VISA Credit Card Our VISA Credit Card will easily beat the competition! Not only are our interest rates super low but we don't charge any balance transfer fees or cash advance fee! Make the switch today. You won't regret it! Rates as low as 7.99%*!! Signature Loan Payday Loans: A Serious Problem With An Easy Solution It's called a signature loan because we don't ask for any collateral-- just your signed promise to repay the loan. Borrow up to $20,000 for whatever your needs might be.

4 Interest rates as low as 8.9%*! Auto Loans We've all been there. It's the middle of the month and you're two or three weeks from your next paycheck. You're driving to work like usual when a dashboard light starts flashing. The engine starts making noise. You don't know what it means exactly, but you know it won't be cheap. It's weeks until payday, and you don't have the money you need right now. Ideally, you'll have an emergency fund, a credit line or a HELOC you can use for those sudden, unexpected crises. Sometimes, though, you don't have the best tools available. If you've seen ads on TV for quick cash services, you probably thought they were too good to be true. They are. Most often, these are "payday loans." This is a short-term loan against your next paycheck. It's a really bad deal. Are you in need of a new mode of transportation? NCCSEFCU can help you afford the vehicle you've been dreaming of with our low rate auto loans! Currently financed through someone else? Let us see if we can get you a better rate. Rates as low as 1.75%* *Payments/Rates are based on term and credit worthiness and are subject to change without notification. You write a personal check to the lender for the amount you want to borrow plus the lending fee. The lender holds the check until your next payday. At that point, they either cash the check or extend the loan for a longer period of time. Those extensions usually cost the same as the fee. They charge a new financing fee on the loan, and then you're responsible for the whole amount. This fee adds up quickly, which can turn your one-time emergency into a crippling debt crisis. The fees are usually the highest that are allowed by law. $15 charged per $50 loaned is not uncommon. In a hypothetical scenario, if you borrowed $100, you'd have to write a check for $130. If you need an extension, you'd have to pay a new fee - $45 for the new loan. You'd now owe $175. If this pattern continues, you can be in serious financial trouble very quickly. If you miss a payment on one of these loans, you can be in for terrible consequences. For starters, your credit score will suffer. The terms of repayment can also allow the lender to garnish your wages, seize your car, harass you at home or work or even take you to court. The contract you sign with a payday loan provider has all kinds of terrible traps that are hidden in the fine print. These costs are why most people who use payday loans use them only as a last resort. What else can be done if you really need cash right now? The institutions making these loans are counting on that desperation to make their profits. Fortunately, as a credit union member you always have another option. New Castle County School Employees FCU is here to help you. With our low interest loans we get you the cash you need without paying an insane amount of interest! Because you're working with the credit union you know and trust, you can be sure that there's nothing in the fine print that's going to hurt you. Call NCCSEFCU today to see how we can help you. Sudoku Brainteaser - Answer at bottom.

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6 Sudoku Answer:

7 CO-OP SHARED BRANCHING

8 Stay Connected! Join us on Facebook at facebook.com/nccsefcu and on Twitter at twitter.com/nccsefcu for the most up to date information! Get the scoop on all of our in-school activities and quick access to information regarding promotions, contests, discounted services, and more! Plus, receive fast feedback to your questions and concerns.

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