ODUCU Members: Welcome to Langley Federal Credit Union The Start of a Great Relationship Important Information Regarding Your Accounts
Important Merger Information In order to complete the transition, here is the timeline of events: Merger Timeline Service Implications At close of business, the following ODUCU services will be no longer available: Online Banking Telephone Banking (ART) Friday Hampton Blvd. branch will close for several weeks for November 2, 2018 renovations. For the weekend, your existing ODUCU debit card limits will be: ATM withdrawal - $510 POS transaction - $1500 Your existing ODUCU debit card will be deactivated at 12:00am. You can activate your new Langley debit card any time after Monday 3:00 a.m. November 5, 2018 Langley products and services available to all ODUCU members. Webb Center branch and all other Langley branches will be open for business. Account Numbers We recognize that many of you have had your account(s) for a long period of time and we tried to make the account number transition easy for you. Your new account number will be a seven digit account number. We will modify your old account number by adding a 1 and 0 s in front of it. For example: Your current account number may be 431. Your current account number may be 5431. On November 5th, your new number would be 1000431. On November 5th, your new number would be 1005431. Branches The branches located in the Webb Center and at Hampton Blvd. are getting spruced up! In order to make these updates, there will be temporary closings of each branch. While the Hampton Blvd. is closed for renovation, the Webb Center and all other Langley branches, will be open for business. The Webb Center branch will be open on November 5, 2018. The Hampton Blvd. branch will close on November 5, 2018 for renovations. We are certain you will appreciate the improvements made at these branches! Please check langleyfcu.org/oducu for more detailed information concerning the temporary closures of these branches. 2
Debit Cards All ODUCU members will receive a new debit card. Your new Langley debit card can be activated on Monday, November 5, 2018 at 3:00am. Your existing ODUCU debit card will work until 12:00am on November 5, 2018. You should receive your new Langley debit card by November 2, 2018. Your new Langley debit card will have a different card number. If you have recurring bill payments set up, remember to notify any merchants of your new card number and expiration date after November 4, 2018. Credit Cards If you have an ODUCU credit card, your ODUCU credit card will continue to be active until March 2019. In March 2019, your existing credit card will transfer over to Langley s VISA Platinum credit card. You will receive further information on your Langley card prior to March 2019. Interested in a different credit card? The Cash Back VISA earns more cash on what you purchase most often. Cash rewards are applied to your savings account and shown on your statement each month. Use your card every day to earn cash on every purchases. 3% - Back on gas 2% - Back on in-store groceries 1% - Back on all other purchases When you apply for this card in a branch, you get your card instantly, so you can start earning CASH BACK on every purchase! Checking Accounts Your ODUCU Share Draft Account will be converted to Langley s Smart Checking. Smart Checking takes free checking to a whole new level! You Get: FREE online and mobile banking FREE bill pay and estatements Your paycheck direct deposited 1-2 days earlier than other financial institutions Access to over 55,000 surcharge-free ATMs All this with NO minimum balance and NO monthly service charges! 3
Savings Accounts Your ODUCU Share Account will transfer to Langley s Savings Account, earning 0.05% APY with a lower minimum balance of $5. Similarly, Vacation Club Accounts will transfer into secondary Savings Accounts earning 0.05% APY. Christmas Club Accounts will transfer to Langley s Holiday Savings Account. Every October, just in time for your shopping rush, your new Holiday Savings Account will unlock, allowing you to easily withdraw the money you need to rock your holiday shopping. Money Market Accounts Your ODUCU Investment Club Account will be converted to Langley s Traditional Money Market Account. Langley offers both Traditional and Platinum Money Market Accounts. Each tiered account gives you great rates, providing you with one of the best ways to save without losing accessibility to your money! Make unlimited deposits to your account, all while paying NO monthly fees. Certificates Your ODUCU Share Certificates will continue earning you the same rates. Once your certificates mature, they will roll-over automatically into Langley s certificates of the same term. Langley has other certificates available with terms from a short 3 months to as long as 60 months, allowing you to manage your savings plan the way that s best for you. IRAs Your ODUCU IRA Savings Account will convert to Langley s Money Market IRA, earning you a 0.5% APY on your savings. Your ODUCU IRA Certificate Account will maintain the same rate and term. Once the IRA Certificate matures, it will roll-over into a Langley IRA Certificate with the comparable term. Like Langley s regular certificates, IRA Certificates come in a wide range of terms, from 12 months to 60 months. 4
Auto Loans If you have an auto loan with ODUCU, your loan information will be transferred over to Langley with no change to your term or your rates. We make buying an auto easy and stress-free. When you finance a new auto loan (opened after April 2018) and make your auto loan payments through a Langley checking account on time, we will rebate 10% of the interest paid monthly into your primary Langley savings account! If your vehicle has less than 50,000 miles, you may qualify for an extended vehicle service agreement. Mortgages If you have a Mortgage with ODUCU, your mortgage information will be transferred over to Langley with no change to your term or your rates. Langley offers a variety of mortgage products that will fit your needs. Not only do we offer low rates and quick decisions, our mortgage officers will work with you to put you in the right loan for your financial lifestyle. Fixed Rate Mortgages - A fixed rate mortgage ensures your monthly payments will remain constant regardless of interest rate fluctuation. Adjustable Rate Mortgages - With a 5/5 Adjustable Rate Mortgage (ARM), your initial rate is fixed for five years and is subject to increase or decrease every five years thereafter. Langley s adjustable rate mortgage is perfect for purchasers with short-term mortgage goals. VA Mortgages - The Department of Veterans Affairs offers guaranteed VA loans up to 100% of the purchase price to qualified individuals who have served in the armed forces. The VA mortgage loan works like a standard fixed rate mortgage with some excellent benefits for veterans added. In most cases, no down payment is required, the interest rate is lower than a standard mortgage and no private mortgage insurance (PMI) is required. HELOCs If you have a Home Equity Line of Credit (HELOC) with ODUCU, your HELOC will be transferred over to Langley with no change to your term or your rates. Langley s HELOCs make it easy to tackle any size project or large expense. Now may be the perfect time to finally build that addition, deck or pool. Or use your home equity to fund a large upcoming expense such as a wedding, education, or medical expense. 5
Personal Loans If you have any personal loans with ODUCU, they will be transferred over to Langley with no change to your term or your rates unless your rate is above Langley s 18% maximum. If it is above 18%, your rate will decrease to 18%. If you need a loan to plan a dream wedding, finally take that vacation, prepare to expand your family, upgrade your appliances, or anything else; our Extra Personal Loan is here for your next great purchase. This loan offers a fixed rate, no origination or prepayment fees, same day funding, terms up to 96 months and interest rebate when you make your personal loan payments (opened after April 2018, through a Langley checking account on time, we will rebate 10% of the interest paid monthly into your primary Langley savings account). Student Loans If you have a Student Loan with ODUCU, your loan information will be transferred over to Langley with no change to your term or your rates. Our private student loan solutions are designed to fill the funding gaps that may exist after all other sources of aid (Federal Loans, Scholarships, Grants, etc.) have been exhausted. We offer a line of credit structure so you can borrow once for your full undergraduate or graduate career and only pay back what you owe, flexible repayment and in-school deferment options, and no origination or prepayment penalties. We also offer options to take control of your student loan repayment. You ll be able to consolidate your private and federal student loans into a management loan with one convenient payment, possibly lowering your rate *. *Subject to credit qualification and additional criteria, including graduation from an approved school. 6
Investments Langley Investment Services is ready to help you with your investment, financial, and estate planning needs. With products available through Cetera Investment Services, an independent, registered broker dealer, our experienced and registered team of Investment Adviser Representatives will work with you to create a personal investment strategy to help you reach your financial goals *. Through regular meetings, we get to know you and your financial goals. We will continue to meet with you to reconfirm financial goals, make adjustments to changes in your life or in the economy, and ensure that you are on a structured path to financial security. Visit us online at langleyfcu.org or call us at 757-898-0089 to learn more. Securities and insurance products are offered through Cetera Investment Services LLC (doing insurance business in CA as CFGIS Insurance Agency), member FINRA/SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Neither firm is affiliated with the financial institution where investment services are offered. Advisory services are only offered by Investment Adviser Representatives. Investments are: *Not FDIC/ NCUSIF insured *May lose value *Not financial institution guaranteed *Not a deposit *Not insured by any federal government agency. Insurance Did you know that Langley has its very own insurance company? We do! We look for ways to save our members and non-members money on their insurance while at the same time making sure they are properly covered. We offer a variety of insurance products including Auto, Homeowners, Renters, Flood, Boat, Commercial and more! Visit us online at langleyfcu.org or call us at 757-224-4775 to learn more. Commercial Loans Langley offers expert, tailored lending solutions to meet your business objectives. We re here to serve and support you as your business grows! Take advantage of the wide range of benefits that a business relationship with Langley can give you. Langley offers the following options to help grow your business. Commercial Real Estate - Available for purchasing and refinancing. Loan terms up to 15 years based on a 25-year amortization. Term Loans - For purchasing of capital assets, such as vehicles & equipment, remodeling or expansion, business acquisition, permanent working capital or refinance of business debt. Loan terms up to 10 years Bridge Loans - Short term financing to assist with working capital, short term payable obligations, equipment and/or land sale and acquisition. Loan terms up to 6 months. Lines of Credit We offer revolving and non-revolving Lines of Credit to assist with working capital needs. Visit us online at langleyfcu.org or call us at 757-224-4777 to learn more. 7
Visit langleyfcu.org/oducu for helpful information or call us at 757-827-5328. Listed below are a few branches located close to ODU for your convenience. For a list of all Langley branches, visit langleyfcu.org/about-locations LOBBY HOURS Monday-Wednesday 9:00 am - 5:00 pm Thursday-Friday 9:00 am - 6:00 pm Saturday 9:00 am - 3:00 pm DRIVE-THRU HOURS Monday-Wednesday 9:00 am - 5:00 pm Thursday-Friday 9:00 am - 6:00 pm Saturday 9:00 am - 3:00 pm Wards Corner Branch (ATM & Drive-Thru) 7420 Granby Street Norfolk, VA 23505 Taylor Road Branch (ATM) 2621 Taylor Road Chesapeake, VA 23321 Virginia Beach Town Center Branch (ATM) 4625 Virginia Beach Boulevard Virginia Beach, VA 23462 Greenbrier Branch (ATM) 109 Volvo Parkway Chesapeake, VA 23320 Hilltop Branch (ATM) 741 First Colonial Road Virginia Beach, VA 23451 Sandbridge Branch (ATM) 2090 Princess Anne Road Virginia Beach, VA 23456 P.O. Box 120128 Newport News, Virginia 23612