Winter 2018 2% Cash Rebate ON CREDIT CARD BALANCE TRANSFERS For a Limited Time, Details on Page 2 HALF A MILLION DOLLAR BONUS! Details on Page 3 NEW! Earn 2% Cash Back or 2 Rewards Points per $1 spent on ALL Purchases! Cool! The Newsletter for Aerospace Federal Credit Union Members www.aerofcu.org
Contents 2% Cash Rebate on Credit Card Balance Transfers 2 Half A Million Dollar Bonus Dividend! 3 Join Us for Our Annual Meeting of Members 3 Cash Back Offers Included with Your Account 3 Congratulations Getaway Giveaway Winner! 3 New First Mortgage Loan Limits for 2018! 4 Meet Your New Auto Buying Concierge 5 No Auto Loan Payments for 90 Days 6 4 Most Common Uses for a HELOC 7 Congratulations 2017 Scholarship Winners! 9 Check Out Our FREE Checking Account 10 Calendar Reminders Presidents Day February 19 (Branch Closed) AFCU Annual Meeting of Members February 20 (11:30 a.m. in A1 Titan IVA) Find a Shared Branch Fee-Free ATM Our partnership with CO-OP Network provides you with access to 30,000 fee-free ATMs (including 9,000 deposit-taking), at locations like your local Costco, Rite Aid and 7-Eleven convenience stores. Just look for the CO-OP logo, or type a zip code or address into the Locator on our homepage at www.aerofcu.org to find one near you. 1 2310 E. El Segundo Blvd. El Segundo, CA 90245 www.aerofcu.org (800) 795-2325
2% Cash Rebate on Credit Card Balance Transfers For a limited time, Aerospace Federal Credit Union is offering a 2% Cash Rebate on the balance amount AFCU member s transfer from another credit card to an AFCU Platinum Visa Credit Card with NO Balance Transfer Fee. You can earn money for bringing your high rate credit card balance to us! We know there are many options when it comes to credit cards and we feel this opportunity will provide a valuable incentive to switch to an AFCU Credit Card and have it be one of your preferred cards in your wallet. We offer a choice of two Platinum Visa Cards - Cash Back and CU Rewards. Whatever you use your card for, we think one of these cards will fit your needs. NEW! Earn 2% Cash Back or 2 Rewards Points per $1 spent on ALL Purchases! Platinum Visa CASH BACK Variable rates starting as low as 5.90% APR* NEW! Earn 2% cash back on ALL purchases Features of both cards include: Credit limits up to $20,000 No Annual or Cash Advance Fees No Fee for International Use Platinum Visa REWARDS Fixed rate of 10.9% APR* NEW! Earn 2 CURewards points per $1 spent 24/7 Customer Service AeroAccess Online & Mobile Banking estatements for your convenience Visit www.aerofcu.org and click on Forms at the top of our homepage to complete the Visa Credit Card Balance Transfer Authorization form online. Don t have an AFCU Visa Credit Card? Click on Apply for a Loan at the top of our homepage and complete our online application. New cardholders can take advantage of this outstanding offer! Call us at 800-795-2325 option 5 with any questions. AFCU Platinum Visa Credit Card Balance Transfer Cash Rebate Disclosure: Balance transfers associated with this offer are cash advances against your available credit limit and begin to accrue interest immediately. The Cash Rebate is paid at the time your balance transfer/cash advance is processed. Limit of one balance transfer per external credit card per year. Balance Transfers are processed promptly; however you must continue paying each creditor until the transfer appears as a credit on your external card issuers billing statement. AFCU is not responsible for interest and/or late fees charged by external card issuers. *APR = Annual Percentage Rate. The APR you receive for a Platinum Visa Cash Back Credit Card is determined based on your creditworthiness. Any AFCU member who transfers a balance from another credit card to a new or existing AFCU Platinum Visa Credit Card during the limited time promotional period will receive a promotional "Cash Rebate" of 2% of the balance transferred, which will be deposited into your primary regular share (-00) account. There is no balance transfer fee during this promotion. Amount of balance transfer may not exceed 75% of the cardholder s available credit limit. Purchase transactions earn the regular rate associated with their individual Platinum Visa Credit Card. Visit www.aerofcu.org for complete details. Offer subject to change at any time without notice. 2
Half A Million Dollar Bonus Dividend! AFCU is returning value to our membership in the form of a bonus dividend of half a million dollars! Members who saved with the AFCU and earned a regular dividend during 2017 received a pro rata share of the $500,000 bonus that was paid on December 31, 2017. Check your account balance online, or December 2017 statement to see your share of the bonus. We are committed to returning value to our membership it pays to be an AFCU member! Be on the lookout for more exciting breaking news on opportunities to earn more with AFCU in 2018. Join Us for Our Annual Meeting of Members Join Aerospace Federal Credit Union for our Annual Meeting of Members on Tuesday, February 20, 2018 at 11:30 a.m. in the Titan IVA Conference Room in Building A1. AFCU members and non-members are welcome to attend and receive updates on the financial status of the credit union. Standard Aerospace badge and security access rules apply. Cashback Offers Included with Your Account Are you aware that you can get paid for using your AFCU debit card? When you login to AeroAccess and view your Checking Account, you will see My Cashback Offers at the top of the page above your Checking Account transaction history. These offers are generated based on your debit card transactions through a random identification number so none of your personal information is ever shared. To take advantage of an offer, just click to accept and then use your debit card as you would normally at the merchant and the offer is automatically redeemed. Any cash back earned is paid to your checking account on the last day of the following month from when the offer was redeemed. You don't have to do a thing! Congratulations Getaway Giveaway Winner! Congratulations to John C. who was our Getaway Giveaway drawing winner! John referred a member to join Aerospace Federal Credit Union during this promotion and won a 3-day, 2-night stay at an elite hotel in a choice of 4 destinations: Palm Springs, Anaheim, Virginia Beach, or Denver. As an avid golfer, John decided on Palm Springs for his Getaway destination. We hope he enjoyed his trip and appreciate him sharing the value of an AFCU membership! 3 Federally insured by NCUA
New First Mortgage Loan Limits for 2018! With new loan limits in place for the New Year, now is the time to make that move to AFCU for your First and Second Mortgage needs. Get on board with AFCU and reap the benefits of membership! See Maximum Loan Amounts for First Mortgages for 2018 below. AFCU offers Jumbo Loans over the super conforming loan amounts for qualified properties. Compared to other financial institutions, AFCU has some of the best mortgage rates available. To check mortgage rates and to apply online, visit www.aerofcu.org. To speak with a knowledgeable mortgage team member, call 800-795-2325 option 7. Maximum Conforming Loans Amount for 2018* Contiguous United States and District of Columbia (NOT Puerto Rico, Alaska, Guam, Hawaii, and the U.S. Virgin Islands) Units 1 2 3 4 $453,100 $580,150 $701,250 $871,450 Maximum Super Conforming Loan Amount for High-Cost Areas for 2018* Contiguous United States and District of Columbia (NOT Puerto Rico, Alaska, Guam, Hawaii, and the U.S. Virgin Islands) Units 1 2 3 4 $679,650 $870,225 $1,051,875 $1,307,175 *Actual loan limits for certain high-cost areas, as determined by FHFA, may be lower than the maximum high-cost area limits identified above. If you are considering applying for a super conforming mortgage, it is important you check the loan limits for the specific county where the property is located. The 2018 loan limits for high-cost areas are available at www.fhfa.gov. 4
Meet Your New Auto Buying Concierge As an Aerospace FCU member, you have access to great auto loan rates and better auto buying with Autoland. Autoland works for you and is designed to make your auto buying experience easy by saving you both time and hassle. Christine Echevarria is the personal Auto Buying Concierge for AFCU members and here s what she had to say about the Autoland experience: Q. How long have you been helping people buy cars? A. I have over 15 years of experience in the auto industry and I ve been with Autoland for 3 years helping members find their dream car. Q. What is your favorite part of the job? A. The best part of the process is seeing the members smile when their car is delivered. It is a pleasure to go the extra mile to make the car buying experience fun and easy for the members. Q. Have you always had a passion for cars? A. In my early years in the auto industry, I ve always felt that I had a gift in providing member service. It is very important to connect with the members and relate to them. Listen to what they want and what they need and ultimately making them feel comfortable during the process. Q. What are the most popular features buyers are looking for today? A. Most common features members look for are the back-up camera and the blind spot motoring. These features are very convenient in today s driving routine. Q. Anything you d like to tell members about Autoland they might not know? A. Autoland s primary goal is to provide an excellent service. We do all the legwork and make the car buying process easy and stress free. We can also help members coordinate the auto loan financing with Aerospace FCU. It s a great feeling when members say they are very satisfied with the car buying process. Some have even said to never shop the traditional way again. To get you started on your vehicle search, give Christine Echevarria a call at 562.431.6655 or visit www.aerospacefcu.autoland.com today! 5
No Auto Loan Payments for 90 Days Aerospace Federal Credit Union is committed to returning value to our membership. As part of that commitment, we are offering AFCU members the option to have 90 Day, No Pay on any term auto loan for a new or used vehicle beginning January 1, 2018. You can benefit from our great rates as low as 1.95% APR* and our loan terms from 36-84 months, plus no payments for 90 days when you buy or refinance an auto with us. You also have the option to use our auto buying service, Autoland to find the car or truck you want and finance your vehicle with AFCU. Either way, enjoy your new car with the advantage of no payments for 90 days. You can apply for a pre-approved auto loan at www.aerofcu.org or contact a Loan Concierge at 800-795-2325 option 5. 90 Day NO Pay *APR = Annual Percentage Rate. Credit and other restrictions apply. First payment may be deferred up to 90 days. Interest continues to accrue during deferred payment period. Deferring your payment may result in you having to pay higher total finance charges. 90 day deferment option does not apply to existing Aerospace Federal Credit Union auto loans. Offer subject to change at any time without prior notice. 6
4 Most Common Uses for a HELOC When you take out a Home Equity Line of Credit (HELOC), you re offering your home as collateral to secure another loan. A home equity line of credit is a low interest rate line of credit that can be a great financial tool if used properly. Here are four of the most common uses for a HELOC: 1. Home improvements The most popular use of a HELOC is to make home improvements. Experts say using the equity in your home for this purpose can make a lot of sense. You can take money out of your home and make improvements to it, which will increase your property value. If you decide to sell, you could see a profit or return on investment. Plus, the improvements you make to your home will make it a better place to live right now. Here are some typical home improvements with the best return on investment: Installing a new front door Installing new siding Upgrading a kitchen or bathroom Adding a deck or patio Finishing out a basement, bedroom or attic Installing a new garage door 2. Emergency fund It's always a good idea to have an emergency fund to cover unexpected events such as car repairs, appliance breakdowns and medical expenses. Most people keep a surplus in a savings account, but you might consider a home equity line of credit as another source of cash. You only pay interest on the amount you borrow, and you could pay the loan off quickly to save money. This strategy can give you peace of mind because you know if something happens, you have a ready source of liquid cash. 3. College costs A HELOC can be a good way to finance a child's college education because the interest rate is usually lower and the maximum loan amount is higher than other education financing options. Another option is to pay off a student's loans after they graduate. If you are a parent, just make sure not to sacrifice your own financial well-being for that of your child's. A kid is much better off with financially secure parents than they are being financially secure and having to take care of their parents later. 4. Consolidating high-interest debt Since the interest rate on a HELOC is usually lower than the interest rate of other loans including credit cards, many people consider using a HELOC to consolidate and pay off their debt. This could help simplify your payments and reduce your interest costs if you re committed to not carrying a balance again. The benefits of using a HELOC for debt consolidation depend on individual circumstances. 7
If you think a HELOC is the right decision for you, AFCU can help AFCU s variable-rate HELOC offers one of the lowest rates available in today's market. The HELOC s Annual Percentage Rate* is based on the Prime Rate less 0.25% and has many other great features: Borrow from $20,000 to $200,000 (depending on credit, income and property qualifications) $5,000 initial advance required; $500 minimum thereafter Borrow funds as needed: make draws via AeroAccess Online or Mobile Banking, phone, or in-person Competitive Rates and low costs* 10 year draw period, and payments are based on a 20 year repayment period Minimum rate 2% APR* Maximum rate 6% over initial rate Maximum Combined Loan to Value Ratio (CLTV) 80% No annual fees Rates as low as 4.25% APR* available, based on creditworthiness To apply, visit www.aerofcu.org. To speak with a knowledgeable mortgage team member, call 800-795-2325 option 7. * The Annual Percentage Rate (APR) is based on the value of an Index. The Index is the Prime Rate as published in the Wall Street Journal. To determine the APR that applies to your HELOC, a margin is applied to the Index value in effect as of each adjustment date (rate changes). The initial APR is set forth in your Agreement. Rate changes occur on April 1 and October 1 of each year and are based on the Prime Rate on March 1 and September 1, respectively. Assuming your rate is 3% at opening, your maximum rate may not exceed 9% and your minimum rate will never be lower than 2%. The rate will not exceed the 18.00% maximum rate that a federal credit union can impose. Rates and terms are subject to change without notice. 8
Congratulations 2017 Scholarship Winners! The AFCU understands the value and importance of education. Every year we award college scholarships to five graduating high school seniors. We received applications from students around the country. The decision process is always difficult due to the high caliber of qualified applicants. We are pleased to announce the five winners of the 2017 Satellite Scholarship below. Each student received $1,000 to go toward their college education. Emily W. with Marvin L. Thomas, President and CEO Bhavin S. with Gregory S. Moran, Vice President, I.T. Mark S. Justin P. with Marvin L. Thomas, President and CEO Sara G. with Marvin L. Thomas, President and CEO Applications for 2018 will be accepted starting February 1, 2018. Applicants must be high school seniors and AFCU members in good standing. All applications must be received by April 30, 2018. For complete details and to download an application visit www.aerofcu.org/youth/products. 9
Check Out Our FREE Checking Account If you are tired of being charged fees with your existing checking account, it s time to switch to AFCU. An AFCU Checking Account is completely free there is no minimum balance requirement or monthly fee. Our checking account comes with our free smart phone App* with features that include: Accounts: See account balance, transaction history and deposit history Transfers: Make transfers to and from your AFCU accounts and other linked accounts Bill Pay: Easily pay your bills with a few taps of your finger Deposit: Deposit a check using the camera on your smartphone Send Money: Send up to $500 a day directly to another person using an email address or mobile phone number Money Desktop: Manage all your accounts in one central place Apply for a Loan: Apply for a credit card, personal loan, or auto loan directly from our Mobile App Locator: Find fee-free ATMs, deposit-taking ATMs and Shared Branch locations E-Statements: View your statements on your phone You also get a free VISA Debit Card with access to over 30,000 fee-free ATM nationwide you can find the ATM nearest you with the Locator on our homepage. Just type in a zip code and a list of ATMs and shared branch locations in that area will pop up. Did you know that in addition to the shared branch ATMs, there are ATMs in nearly every Costco, 7-Eleven and Rite Aid that AFCU members can access fee-free? Take a closer look at this hassle-free product and make the switch today! We'll even throw in a box of checks FREE! *Note: Search for Aerospace Federal Credit Union in the Apple App and Google Play Stores and download our free mobile app. 10
2310 E. El Segundo Blvd. El Segundo, CA 90245 Presorted STANDARD U.S. Postage PAID WC Youth Corner: Win a $25 gift card! * Have fun completing our word search! Congratulations to the winner of the coloring contest in our last issue Tacey D. from Colorado Springs, CO. WORD SEARCH: AEROSPACE ASTRONAUT GALAXY LAUNCH MARS MOON ORBIT PLANET ROCKET SATELLITE STAR STELLAR Cut out and mail in to win! Name Age Address Phone Y K Z N K R E E E X I H I D S D P Z H R S O L H E H W P S N X W J N G B G P Z V L D T C M Y C A C K I E S Z T G H V M K Z O M H A D X G N U K C A Z A S K R O S Y R V J W M W X N N V F Z U D T P F X S G K N W C C W L R S R N E W L J V E A H S Z P V K Q C I F M Z Q S C T X T Y A W Y X Y L O S S X G B I Q T X W V X N B A M O X A D Y Y Q R L Y L S X S R S F H A R F Q C R K U B Q Q O M E H Y Y M C N O A N F S Z R D I L R C W R L Q Y A G A L A X Y Y R B N X Y X A D G Q K S P I G O D A Q I E Y U G U J D R J G T E T N Y W G M X V G J Z V V G X N Q H K N J Y Z C X V C T F K J J F D G L Y C V P G J W H D B S A T E L L I T E S D Y Z H B C R X O B Z T X M J U K O X E P E L P M R M D A E R Z N P W C J W P M P E E X L T K H G M T A V W D P E S M O U N C M U K Z I U U Y O F V M L O M C U Z I O I A V O A O R B I T F R M F M U D F U G X O M O O N Y K B U L M F I D A X V C E V X N N T U A N O R T S A J W M L O V L X E G C I J O U S C A U S N X Z X U P S R B L L L V U U T X M F P P F Y P E B W V R D H W U I E J W J C O A D O J I I T K M E I Q F A Y M A Y T T K E R F F H A K T E K C O R H M T V R S X C S Y V C E Y O E K A Z X F R E G S Z B L W T O U O Q A J K Q T E F U B L D A H D B N G X W C X B I X C A F I V S J J T P I U L P E E U L J P R J C B Q *Official Rules: NO PURCHASE NECESSARY. VOID WHERE PROHIBITED. Mail in your completed artwork, along with your name, age, address, and phone number to be entered to win a $25 gift card! Limit one entry per child. One winner will be selected randomly and notified using the phone number provided. Odds of winning depend on number of entries received. Entries must be received by February 28, 2018. AFCU is not responsible for lost entries. Must be younger than 18 years of age to enter. You may photocopy this page to use if more than one child in your family wishes to enter. AFCU employees, board members, committee members, volunteers and their immediate families are not eligible to participate. First name and first initial of last name of winner may be published online or in print. Submit entry to: AFCU, Attn: Youth Contest, 2310 E. El Segundo Blvd., El Segundo, CA 90245.