MoneyMatters
Volume 26
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Number 2
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Spring 17
THERE ARE ZERO REASONS TO GET AN
HEBFCU HOME EQUITY LOAN
If you’re ready to take on a new project that comes with a
big price tag, look to HEBFCU for home equity financing¹.
You’ll save a bundle with $0 closing costs² and our low
rates. We think you’ll agree that’s a great reason to begin
your project today.
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With a home equity loan from HEBFCU, you can use
what may be your largest asset – the equity in your home
– for whatever you need.
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Finance anything and everything –
home improvements, remodeling, education expenses.
Lower your monthly payments when you pay off
credit cards and other loans with higher rates.
Pick the term that’s best for you – 5, 10 or 15 years.
Expedite your timeline with hassle-free
application and approval.
Enjoy the convenience of a single monthly payment,
regardless of the number of projects you have.
Plus, the interest you pay may be tax-deductible.³
You won’t have this advantage with credit cards or other
personal loans. Combine the tax advantages with our low
fixed rates and $0 closing costs offer and you’ll have zero
reasons to wait any longer.
Don’t miss this great offer. Call us or visit
your branch today!
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Letter from the Chief
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Annual Meeting
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A Penny Saved
PLUS, ENTER TO WIN A
100
$
H-E-B
GIFT
CARD4
¹Subject to credit and property approval. Minimum home
equity loan is $10,000. ² Closing costs include Title Search,
Flood Certification, Recording Fee and Reconveyance Fee.
Limited time offer: apply April 1 - June 30, 2017. Requires
new or refinanced (new money) home equity of $10,000 or
more. HEBFCU covers closing costs on home equity loans
under $100,000. ³Consult your tax advisor regarding interest
deductibility. 4 One entry per person; no purchase necessary to
enter. Home Equity Gift Card drawing rules are available at any
branch or at hebfcu.org
LETTER
from the CHIEF
April is National Financial Literacy Month, and
a good time to start planning your financial future –
or reassess your current plan. While you’re getting
your flower beds and garden ready, consider what seeds
you’re planting for your financial well-being.
Whether you need to create an emergency savings
fund, save for a specific goal like a down payment
for a home or college expenses, or plan for retirement,
these steps will help you be successful:
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Start now – determine how much you can commit to
save from each paycheck. It’s okay to start small; $5
or $10 will get you in the habit of saving regularly.
When you get your next raise, immediately earmark
part of your increase for savings. This is a painless
way to grow your savings because you never get
used to spending the money on other things.
Put savings on automatic pilot – use our Automatic
Savings Plan to have funds deposited into your
Savings, Vacation, or Holiday account – or even your
Variable IRA Share account. Your savings will grow
without any extra effort on your part.
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Track your overall progress – calculate your net
worth now to define your starting point. Simply list
everything you own (assets) and everything you
owe (liabilities) and then subtract the liabilities
from the assets for your net worth. Recalculate
each year and compare to the previous year.
Seeing your efforts pay off with higher net worth
is a great incentive.
Financial Literacy Month is a wonderful opportunity
for consumers to improve their financial lifestyle.
To set up an Automatic Savings Plan, visit your
branch or call us at 210.938.7850.
Lynn M. Kincaid, Chief Executive Officer
HEBFCU MEMBERS INVITED TO ANNUAL MEETING
All Members of H-E-B Federal Credit Union are invited to attend the Annual Meeting scheduled for
Tuesday, April 25, 2017 beginning at 3:00 p.m. This year’s meeting will be held at our San Antonio Office
at 4630 N. Loop 1604 W., Suite 101, San Antonio, Texas, 78249. We will review the credit union’s 2016
financial results and announce the outcome of the election of Directors.
The Nominating Committee consists of the following H-E-B Federal Credit Union members:
Jose Torres, Gabriela DeLeon and Barbara Lewis.
HEBFCU has three vacancies to fill on the Board. The Nominating Committee has filed
the following nominations with Mark Lewis, Secretary of the Board:
Name
Doug Wallace
Richard Wong
Mike Mims
Position
General Manager
Director of Center Store Pricing
H-E-B, Retired
Term
3 Years
3 Years
3 Years
The Directors represent all the Members of the credit union and your participation in the election
is your right as a shareowner. Join us for the Annual Meeting April 25, 2017.
A PENNY SAVED
Thinking of Purchasing Your Credit Score?
Q&A
HEBFCU
What’s the value
of tuning up my car loan?
Think about it: at a time when it’s hard to earn
dividends on your savings, you might be able to
“earn” two or three percentage points by improving
your auto loan rate.
The FACT Act allows you to receive a free copy
of your credit report once a year from each of the
major credit reporting agencies. This report does
not include your credit score, so many consumers
consider buying their credit score which may cost
as much as $35. Save your money.
The “consumer credit score” you receive is
not what HEBFCU or many other lenders use
to determine your creditworthiness. Credit decisions
are based on the data in your report, so use your
free report to make sure that all the information is
accurate. Reviewing your report periodically will
also allow you monitor any changes and guard
against identity theft.
To order your report online visit
AnnualCreditReport.com or call 877.322.8228
to request your report by phone.
Privacy Notice
Federal law requires us to tell you how we collect,
share, and protect your personal information.
Our privacy policy has not changed and you may
review our policy and practices with respect to
your personal information at https://www.hebfcu.
org/home/fiFiles/static/documents/Privacy.pdf
or we will mail you a free copy upon request
if you call us at 210.938.7850.
Buying a new car or truck is exciting. Once we find
exactly what we want, we’re ready to get behind the
wheel and take our new vehicle home. Sometimes,
that means accepting a “right now” loan offer instead
of the best loan package.
If that has happened to you, don’t passively suffer
buyer’s remorse. If you financed your new vehicle
recently, and you qualify, we’ll help you trade in
that loan on one that won’t dent your fenders.
How much can you save? Say you’ve had a 60-month
car loan at 5% APR for about a year, and you financed
$20,000. With monthly payments of approximately
$380, your balance is around $16,500. If you refinance
at 2.38% APR for the remaining four years of your
loan with HEBFCU, your monthly payments will go
down slightly, to about $360.
Your monthly savings add up, though, and you’ll
pay almost $915 less in total finance charges for the
remainder of the loan. And if you choose weekly
payments, you’ll save even more in interest.
Don’t get stuck with a lemon of an auto loan rate.
Refinance with us for a tune-up that will improve
your financial mileage. Call or visit your branch to
discover how much you can save.
PRSRT STD
US POSTAGE
PAID
TPRB
77002
P.O. Box 18387
San Antonio, TX 78218
Stay Connected
210.938.7850
Fax 210.938.7869
Mail PO Box 18387, San Antonio, TX 78218
HEBFCU Financial Service Center
Bilingual Financial Service
Representatives available 24/7/365
E-Mail [email protected]
Online, Mobile and Text Message Banking
www.hebfcu.org
Mobile apps available in the
App Store and Google Play
Your go-to site for the latest rates,
promotions, product info & access
to NetBranch Online, Mobile and Bill Pay
Visit Us
San Antonio
4630 N. Loop 1604 W., Suite 101
San Antonio, TX 78249
McAllen
800 E Jackson Avenue
McAllen, TX 78501
We do business in accordance with
the Federal Fair Housing Law and
the Equal Credit Opportunity Act.
HOLI DAY HOU R S
All branches of H-E-B Federal
Credit Union will be closed on
the following dates:
Monday, May 29th
Memorial Day
Lobby
M-F 9:00am – 5:00pm
Lobby
M-F 9:00am – 5:00pm
Drive Up M-F 9:00am – 6:00pm
Federally insured by NCUA.
IMPORTANT NOTICE REGARDING CREDIT INSURANCE:
For members with Credit Insurance, coverage terminates on the last day of the month during
which you reach the Maximum Age of 70 for Credit Life and 66 for Credit Disability.
Tuesday, July 4th
Independence Day