Make A Move
SPRING 2011
Pay Just
!
%
3.25 APR
To A Missouri Valley Auto Loan
*
All of your scouting, statistics and hard work have paid off this season, and you’ve picked the winner! You’re ready to make a move and finance
your vehicle with Missouri Valley Federal Credit Union, where we boast a starting lineup of great loan rates, personal service and convenience.
With a strong bracket like ours, it’s easy to see how an MOVFCU Auto Loan beats the competition:
Hefty Payments
VS
Low Payments & Flexible Terms
Low Payments & Flexible Terms
Low Payments & Flexible Terms
VS
Convenient Payment Options
VS
Stamps & Standard Mail
Convenient Payment Options
VS
Rates As Low As 3.25% APR*
VS
High Rates & Application Fees
Rates As Low As 3.25% APR*
VS
Automated Systems
VS
Personal, Friendly Service
Rates As Low As 3.25% APR*
Personal, Friendly Service
Even if you already have a vehicle loan with another financial institution, it’s not too late to make a trade! Get your loan off the bench, and
refinance with MOVFCU. You can borrow up to 125% of your vehicle’s value, and take up to 84 months to repay your loan. Plus, with added
protection like GAP Insurance and Extended Warranty plans, we’ll be sure you make the highlight reel.
Don’t wait to take advantage of our unbeaten Auto Loans – the clock is running out, and rates this low won’t be available for long. Beat the buzzer,
and open a new MOVFCU Auto Loan today! Stop by our office, call (636) 978-8800, or visit www.movfcu.org to apply.
*APR = Annual Percentage Rate. Figure quoted is lowest available rate. Actual rate depends upon member eligibility and creditworthiness. Contact credit union for full loan details.
2
Rock Out With MOVFCU For Youth Week 2011
Scholarship Deadline Extended!
Want A Higher Score?
Follow These Credit Score Pointers
3
Shared Branch Service
Important Member Notice
Regulation D Reminder
What’s Your Story?
4
Become A Missouri Valley Member
Holiday Closings
Hours & Contact
MOV11-232
A quarterly publication for the members of Missouri Valley Federal Credit Union
Messenger
2
Rock Out With MOVFCU
For Youth Week 2011
April 1
8-23
Scholarship Deadline
Extended!
There is still time to apply for one of three $500 MOVFCU
scholarships! The scholarship deadline has been extended to April 30,
and winners will be announced in May.
To be eligible, you must be a member of the credit union for at least
one year and plan to attend an accredited four-year college or
university in the fall. Candidates will be evaluated on the basis of
academic achievement, extra-curricular involvement and a written
essay.
Music can transport us to a world where anything is
possible – a place where everyone can rock out and
achieve their dreams. As Missouri Valley Federal Credit
Union celebrates National Credit Union Youth Week, we
want to do the same thing.
Whether you need to finance your world tour, save up for
your first guitar or just pay for the hottest iTunes download, we can help with our savings accounts and first-time
services.* Check it out:
Youth Savings Accounts
All you need is a $5 deposit to open an MOVFCU Savings
Account. Then, you can make the most of your money with
regular dividends and easy deposit options.
Teen Checking Accounts
Get the freedom you want and the convenience you need.
Our Teen Checking Accounts help you learn about sound
money management, and you can track your funds with
free online banking and online bill pay.
First Time Auto Loans
You don’t need a credit history to qualify for an MOVFCU
First Time Auto Loan! We can help you build your credit
and buy your first vehicle – all with competitive interest
rates and flexible terms.
First Time Credit Cards
Enjoy low rates and great purchasing power with an
MOVFCU Visa® Credit Card. You can even make easy
monthly payments online or at the credit union office.
Take advantage of Youth Week this year, and explore the
options that will help you keep on rockin’ and keep on
dreamin’. Stop by MOVFCU or call (800) 578-2187 to learn
more about our youth services.
*Some services, such as loans or credit options, may require an adult cosigner. Age
restrictions may also apply. Contact the credit union for complete details.
Stop by MOVFCU today to pick up your scholarship application!
Want A Higher Score?
Follow These Credit Score Pointers
Your credit score has a big impact on your
life – it determines how you can pay for
things, where you can live and even where
you work – so it’s important to maintain
an equally big number. Ranging from an
undesirable 300 to an amazing 850, your
credit score is based on several factors,
including the amount of debt you carry,
your overall payment history and what type
of credit you have. By focusing on these
areas, you can increase your score and
improve your life.
What Type Of Debt Do You Have?
Some debt can be beneficial to your score,
such as mortgage debt. However, applying
for multiple credit cards and carrying too
many department store or specialty cards
can result in a score drop. It is a good
idea to limit your credit cards to a few lowinterest cards, such as MOVFCU’s Visa
Platinum Credit Card, and keep your
accounts open for as long as possible to
establish a positive credit history.
How Much Debt Do You Carry?
Limit the percentage of available credit you
use to no more than 30%, even if you pay off
your balance each month. Your credit report
will show the amount you owed, even if you
subsequently paid in full, and excessive
spending will ding your score. It may be
beneficial to your score to consolidate debt
with a low-rate Home Equity Loan from
MOVFCU, and pay down those balances
faster!
What’s Your Payment History?
Committing to regular, timely payments can
raise your number quickly, since payment
history makes up 35% of your credit score.
This category includes everything from credit
card and loan bills to parking tickets or
one-time fees – if the bill could be sent to a
debt collector, you’re also likely to see it on
your credit history. Ensure your payments
will be on time every time with a service
such as MOVFCU’s free Online Bill Pay.
Perhaps most important in raising your
credit score is knowledge. Don’t be afraid
to check your personal score with the three
major credit bureaus – it won’t lower your
score, plus you can check for and report
any inaccuracies. If your number could use
some improvement, stop by MOVFCU to
speak with one of our Member Service
Representatives. We’ll be happy to help you
raise your score with our full range of
products and services!
SPRING 2011
Shared Branch
Service
Don’t forget – the great service and savings you enjoy at
MOVFCU is now available at 50 locations in the St. Louis
area and 4,200 locations nationwide! Through the Shared
Branch Network, MOVFCU members can access their
accounts and handle financial business at any
participating credit union. Go to www.branchnearyou.com
to learn about this great cooperative network, and find the
branch closest to you!
3
Important
Member
Notice
Regulation D Reminder
Regulation D restricts electronic transfers and
withdrawals made via check, ACH, online banking,
Expressline touchtone banking, and preauthorized
electronic transfers from non-transaction accounts
such as share savings to six transfers or
withdrawals per month. The credit union cannot
process a transaction, except to make a loan
payment with the credit union, when a transfer or
check transaction exceeds the monthly limit.
Please note, however, this limit does not apply to
in-person transactions. Members may still access
their funds in person at our office during business
hours.
What’s Your Story?
Would you like to share an experience you have had with MOVFCU?
We would love to hear about it! Your feedback helps us offer you
the best products, services and financial options.
You may e-mail your MOVFCU story to us at
[email protected], or mail it to:
Missouri Valley Federal Credit Union
Attn: Robyn R.
7900 Mexico Rd.
St. Peters, MO 63376
SPRING 2011
PRSRT STD
U.S. POSTAGE
PAID
ST. LOUIS, MO
PERMIT NO. 175
P.O. Box 1543
St. Peters, MO 63376
4
Become A Missouri Valley Member
If you live, work, worship or attend school in St. Charles County, you’re eligible for membership in
Missouri Valley Federal Credit Union!
We’re a not-for-profit financial institution, so we can assist our members with low loan rates,
personalized financial services and convenient account options. Plus, we cooperate with other credit
unions across the country to offer more than 28,000 surcharge-free ATMs and 4,200 branch locations.
7900 Mexico Rd.
P.O. Box 1543
Find out more at www.movfcu.org, and become a member of MOVFCU today!
St. Peters, MO 63376
Lobby Hours
Mon., Tues., Thurs. 8:30 a.m. - 5 p.m.
Wednesday 9 a.m. - 5 p.m.
Friday 8:30 a.m. - 6 p.m.
Saturday 8:30 a.m. - noon
Drive-Thru Hours
Monday-Friday 8 a.m. - 6 p.m.
Saturday 8 a.m. - noon
636-978-8800 Locally
800-578-2187 Out Of Area
Fax: 636-980-2211
E-mail: [email protected]
www.movfcu.org
Holiday Closings
Our office will close in observance of the following holidays:
Memorial Day
May 30
Independence Day
July 4
MAR11-232TP