Money News A Quarterly Publication

Transcription

1 Money News A Quarterly Publication Fall 12 ABCO Salutes James Cotten Tuskegee Airman and Board Member Edited from an article by Loretha Bingham, Manager, ABCO Member Care Dept. To see the complete article and pictures, go goabco.org/jamescotten James Cotten serves the ABCO community in the capacity of Board Member and has been on the Supervisory Committee for more than nine years. He has been involved with Credit Unions before, having served previously for over 20 years on the New Jersey Credit Union League Board of Directors. What you may not know is in January 1945, he was selected for assignment to the Tuskegee Airmen Fighter Group, known as the Red Tails. The pilots, navigators, bombardiers, maintenance, support staff, instructors and all personnel who kept the planes in the air, along with others who supported their achievements, paved the way for integration of our U.S. Military. After more than 20 years serving in the Army and Air Force, followed by 45 years of civil service at Joint Base McGuire-Lakehurst, James Cotten received his Congressional Gold Medal at a ceremony in May on the base before a large group of family and friends. Congressional Representative Jon Runyan of Mount Laurel presented the medal. The Tuskegee Airmen made me a better person, Cotten said. It was very satisfying to be among such a select group. In August, Cotten was appointed by Congressman Jon Runyon to serve on a statewide Veteran s Advisory Committee. In November 1998, the Tuskegee Airmen National Site in Tuskegee, Alabama, was established. In March 2007, the Congressional Gold Medal was authorized. Learn more about the Tuskegee Airmen at their website: Experiencing adversity, limited opportunities and denial of leadership roles because of their race, they persevered and overcame prejudice, racism and segregation. The Tuskegee Airmen became one of the most skilled and respected fighter groups of World War II, flying four different types of aircraft in combat, (P-40, P-39, P-47 and the P-51) and dismantling the mindset that African-Americans could not fly planes or maintain sophisticated combat aircraft. In July of 1949, he was assigned to the 334 th Fighter Interceptor Squadron 4 th Fighter Group as Air Operations NCO. He was the first African-American assigned to this organization after integration of the U.S. Armed Forces. His military awards consist of the Air Force Commendation Medal (First Oak Leaf Cluster), Air Force Good Conduct Medal, Air Force Longevity Service Award (with four Bronze Clusters), Air Force Outstanding Unit Award, World War II Victory Award and the National Defense Service Award. Congressman Jon Runyon, center, with James Cotten, Milt Hershberger, ABCO CEO, and Ellen Kuiper, ABCO President, at an August meeting at the VFW in Willingboro, where James Cotten was appointed to a statewide Veteran s Advisory Committee. I am proud to be picked to help my fellow veterans and I ll do whatever I can to make things better, said Cotten. At 85, he continues to embrace and exemplify the two mottos he s lived by: One of the Tuskegee Airmen Thou Shalt Not Quit and the other of his Twenty Plus Retirement Club Still Serving. We are proud to have him still serving as a volunteer with the ABCO community! goabco.org

2 Fall Loan Event AUTO NEW OR USED HOME EQUITY FIXED OR LINE-OF-CREDIT Big City Efficiency Small Town Friendliness P.O. Box 247 Rancocas, NJ Federally insured by NCUA PRSRT STD U.S. POSTAGE PAID IMAGE.WORKS LOANS STARTING AS LOW AS 3.25 % APR* Details online at goabco.org or by phone at ext *Annual Percentage Rate. A rate a member pays is based on credit worthiness. Not a guarantee of financing. All loans are subject to credit approval and other restrictions. Offer may be withdrawn at any time. The best path to home ownership is easy with your credit union. Now is a great time to purchase or refinance a home! LOW RATES LOW CLOSING COSTS SUPERIOR SERVICE Credit Union NMLS# Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government NCUA National Credit Union Administration, a U.S. Government Agency Call our Mortgage Department today at: or visit our website: goabco.org/mortgages Remind your neighbors, family members, co-workers and friends that they may be eligible for the many benefits of Credit Union membership as well!

3 Have an ABCO Loan? Need Extra Holiday Cash? Use our SKIP-A-PAYMENT Option Skip-A-Payment on Most ABCO Loans* (see exclusions below) For One Month Either December or January For One Low $30.00 Processing Fee *Loans excluded from offer are: Mortgages, Home Equity, Home Equity Line-of-Credit (HELOC), Credit Builder Loans, Privilege Pay and Visa Credit Card Payments YES, I/we would like to Skip-A-Payment on my/our loan(s). Date Member Name Address City/State/Zip Account/Member No. Please deduct the $30.00 per loan fee from my (check one): Share Savings Account Share Draft Checking Account Other Account If you have more than one loan, you can skip the same month for all loans, December or January. DECEMBER (must be received prior to Dec. 10, 2012) JANUARY (must be received prior to Jan. 10, 2013) ONE LOAN: OTHER LOANS: IMPORTANT NOTICE: In order to enjoy the extra cash that Skip-A-Payment provides, all parties who signed the loan(s) must sign this coupon. Incomplete signatures will void your request and you will be required to make your regular scheduled payment(s). Your Signature Joint Signature By signing above you authorize ABCO Federal Credit Union to advance your next loan payment date to the month following the one selected thereby extending your repayment term. There is a $30.00 processing fee for each loan for which you elect to skip a payment. You authorize the credit union to deduct the fee(s) from any account that you have with the credit union that has funds available. Interest will continue to accrue on your loan during the month you skip your payment. If you have multiple loans, we will select the loan with the highest payment to skip unless otherwise directed. Return this form by mail, in person at any Branch Office or FAX to the Lending Dept. at Jingle Loan $1, months 12% APR* Visa Credit Card Rates as low as 6.75% APR* No Balance Transfer Fee Reward Points for Purchases *APR=Annual Percentage Rate. Not a guarantee of financing. The rate a member pays is based on credit worthiness. Balance transfers up to member s credit limit. Contact us for complete details.

4 MAILING ADDRESS P.O. Box 247, Rancocas, NJ goabco.org PHONE (ALL LOCATIONS) MEMBER CARE 24/7 TOUCH-TONE TELLER Like Us OTHER SUPPORT NUMBERS Visa Evenings, Weekends and Holidays Visa Credit Card Visa ATM/Check Card Bill Payer OFFICE LOCATIONS WILLINGBORO AREA MAIN OFFICE FULL SERVICE BANKING CENTER 690 Beverly-Rancocas Road LENDING CENTER East Ridge Shopping Center 621 Beverly-Rancocas Road RANCOCAS VILLAGE 215 Main Street BRANCH OFFICES ATLANTIC CITY 2652 Atlantic Avenue BROWNS MILLS 81 Pemberton Browns Mills Road COOPER HOSPITAL (Hospital Employees Only) 1 Cooper Plaza, Camden EGG HARBOR TWP Black Horse Pike, Suite 8 GLASSBORO Doubletree Center 870 Delsea Drive MOUNT HOLLY 76R High Street RIDER UNIVERSITY Ground Floor of the BLC Next to University Bookstore FOR CURRENT HOURS OF OPERATION AND DIRECTIONS TO OFFICES Go goabco.org or call us. ABCO FCU s ROUTING AND TRANSIT NUMBER Avoid Dormant Account Fees and Escheat (sending the funds to the state) Dormant accounts are defined as accounts that have had no activity on shares/ savings or loans for a period of 12 months or more. When this inactivity period has been reached, we will begin to notify you that your account has fallen into the dormant status. This means that unless activity resumes your account may be subject to fees and ultimately escheated. Accounts that remain inactive will be assessed a monthly fee of $15 beginning with the 18 th month of inactivity. Also, New Jersey statutes require that any account that remains inactive for a three-year period is escheated (the funds are sent) to the State Treasury Department. These actions are easily avoidable by simply utilizing the products and services that ABCO membership provides. You also have the option to close your account. To find out more about all our services, please visit our website, goabco.org or call Member Care at Board of Directors Nominations and Election Procedures Milt Hershberger and Fred Dietrick have been selected by the Nominating Committee to fill two vacancies on the 2013 ABCO FCU Board of Directors. Additional nominations for the Board of Directors may be made by petition. If you are interested in being nominated by petition for one of the seats on the 2013 Board, please send your request in writing to: Secretary of the Board of Directors, ABCO Federal Credit Union, P.O. Box 503, Rancocas, NJ You will receive a packet of information explaining the procedure. This packet must be completed and received by close of business December 31, The 2013 Annual Meeting is scheduled for March 26, The election of two Directors will take place at that time. Nominations from the floor will not be entertained unless circumstances prior to the election result in an insufficient number of candidates for the vacancies. ABCO FCU is not responsible for typographical errors, omissions or misprints in this publication.

5 Courtney Aderinto Jenna Mirabelli Kelsey Solan Teachers Insurance Plan of NJ Offers Exclusive ABCO Auto Insurance Discount Gregory Herman 2012 Scholarship Winners Matthew Corbett Sarah Martin At Plymouth Rock Assurance Teachers Insurance Plan of NJ, we recognize the importance of New Jersey s educational community, and we are proud to offer auto insurance exclusively to this special group of people. We are committed to providing you with unique educator benefits and exceptional customer care, including responsive and attentive claim service, should you ever need it. We believe that if you are a teacher, insurance is not something you should ever have to worry about. Last fall, ABCO Federal Credit Union announced its Annual Scholarship Program for high school students planning to attend college in September of The scholarships were awarded based on scholastic achievement, extracurricular and community activities, teacher references and leadership qualities. Entries were submitted and forwarded for judging to the Affiliates of New Jersey Credit Union League s Youth Involvement Board to be judged. Our members participation in ABCO s Annual Scholarship Fund was such that our Board of Directors was able to issue five awards in the amount of $1,000 each. As participation in the Scholarship Fund Drive continues, so will the opportunities for future scholarship applicants. We are pleased to announce the five lucky winners: Courtney Aderinto, Sicklerville, NJ Rowan University / Winslow Township High School Jenna Mirabelli, Lumberton, NJ Arcadia University / RVRHS Kelsey Solan, Lumberton, NJ James Madison University / RVRHS Gregory Herman, Mount Laurel, NJ Rensselaer Polytechnic Institute / Lenape High School Matthew Corbett, Glendora NJ Rowan University / Paul VI High School In addition to the 2012 winners of the ABCO Scholarships, the New Jersey Credit Union Youth Involvement Board of Directors has awarded our member Sarah Martin of Margate, NJ a $1,000 scholarship. Since we focus on insuring only members of the educational community in New Jersey, we are able to offer special teacher insurance rates at a lower price than other companies. Our special rates are meant for New Jersey residents who work for or are retired from an accredited school, district or diocese, plus members of the New Jersey Parent Teacher Association (NJPTA), including: Active and retired teachers or professors Administrators School librarians NJPTA members Early childhood education professionals Staff members of professional education associations Substitute teachers Guidance counselors School medical staff Support staff employed by a state-licensed educational institution Current School Board officials For more information and request a quote contact: Credit Union Financial Insurance Group (CUFIG), a wholly owned subsidiary of ABCO FCU. Phone: goabco.org/insurance Congratulations to all of our winners! If you have a child or grandchild who is a senior in high school this year, he/she can apply for the 2013 scholarship. Learn more at goabco.org/scholarship or call Tess Rafferty at ABCO. Insurance products are offered through various insurance companies in association with CU Financial Insurance Group, LLC, a wholly-owned subsidiary of ABCO Federal Credit Union (ABCO FCU). ABCO FCU provides insurance products and services to members and non-members without opinion to the product or service provided. Insurance products are not federally insured and are not obligations of ABCO FCU, CUNA or any other affiliated entity.

6 Operation Backpack ABCO Cares ABCO Federal Credit Union, its employees and members donated over 120 backpacks and hundreds of school supplies to the Center for Family Service s Operation Backpack. Every year the Center For Family Services, a human service non-profit based in Camden, hosts Operation Backpack to provide children throughout South Jersey with the tools to start the school year. Items collected included notebooks, pencils, folders, rulers, calculators and other school essentials. A team of volunteers from ABCO helped stuff backpacks with items needed according to the recipient s age and gender. Thanks to all who donated and helped. Nicole Y. Roberts on right, an ABCO member, donates items to our Supply Drive of Operation Backpack. Josclyn Moss, Willingboro MSR, was on hand to accept the donation. ABCO Donates BizKid$ Financial Literacy Kits to Local Schools This fall, ABCO representatives have been furnishing teachers with BizKid$ kits and products. BizKid$ is a financial literacy initiative launched nationally in January 2008 that teaches kids about money and business. A coalition of over 290 credit unions and affiliates from across the country have helped exclusively fund BizKid$ over the past six years. Elizabeth Campbell, Librarian/Media Specialist from Chestnut Hill Middle School in Washington Twp., received financial education DVDs for the district. Rachel Joan Hill-Schlacta, business teacher at Buena Regional High School in Atlantic County, received a BizKid$ Startup kit. More details are available at goabco.org. Here is what Ms. Roberts has to say about ABCO: I have had a very positive experience as a member of ABCO. The staff is very courteous and helpful. For this reason, I will continue to bank with this credit union. I am happy to be a part of giving back to the community. Moses White, Principal, Buena Regional High School; Joe Holden, ABCO Business Representative; Rachel Joan Hill-Schlachta, Business Teacher, Buena Regional High School; Tanya Pope, ABCO Senior Vice President of Member Education and Development ABCO employees Raymond Ghaul and Treka Brown in front of the Willingboro donation box. Donation boxes were located at all offices. Marikate Begolly and Nadja Conner, ABCO Employee volunteers, in front of all the backpacks that were stuffed. Clint Sarion, Registered Representative with ING Financial Partners; Elizabeth Campbell, Librarian/Media Special from Chestnut Hill Middle School; Joe Holden, ABCO Business Representative Auto and Home Insurance at Special Rates from Travelers You now have access to the Travelers Auto and Home Insurance Program. This program offers ABCO Federal Credit Union members: Special program rates on auto, home, condo and renters insurance Money-saving discounts, including multi-policy and new car Easy premium payments through your ABCO FCU checking account or recurring credit card payments to your ABCO Visa 24/7 claim reporting Free, no-obligation quotes from licensed insurance representatives or online You can request quotes and switch at any time. Find out how much you can save today. Call Credit Union Financial Services, a wholly owned subsidiary of ABCO FCU, or visit Insurance is underwritten by The Travelers Indemnity Company or one of its property casualty affiliates, One Tower Square, Hartford, CT Coverages, discounts, special program rates and billing options are subject to availability and individual eligibility. Not all features available in all areas The Travelers Indemnity Company. All rights reserved. Travelers and the Travelers Umbrella logo are registered trademarks of The Travelers Indemnity Company in the U.S. and other countries. Insurance products are offered through various insurance companies in association with CU Financial Insurance Group, LLC, a wholly-owned subsidiary of ABCO Federal Credit Union (ABCO FCU). ABCO FCU provides insurance products and services to members and non-members without opinion to the product or service provided. Insurance products are not federally insured and are not obligations of ABCO FCU, CUNA or any other affiliated entity. goabco.org