Spring 2014
Published for Members of Texas Telcom
Notes of Interest
Loan Services Support –
Call, text, leave a voicemail
@ 214-709-8854 or email
[email protected].
Available M-F 5pm-8pm,
Sat-Sun 10am-4pm. Got a
loan question, issue, or just
need some assistance? One
of our qualified loan staff
will be happy to assist you
after our ordinary business
hours.
Mobile Services Support –
Call, text, leave a voicemail
@214-709-3988 or email
mobileservices@textelcu.
org. Available M-F 5pm8pm, Sat-Sun 10am-4pm.
Got an account question,
issue, an application
set-up question or usage
question, or just need some
assistance?
Planning Ahead – Costs
associated with delivering
member statements via
“Snail Mail” are constantly
rising for all financial
institutions. Delivery speed
and security of the data
provided have already
been surpassed by the
E-Statement, which is also
a significantly cheaper way
to deliver. If you have not
done so, we encourage
you to sign up for our Free
E-Statement today.
The Credit Union will be
closed in Observance of
the following holidays:
Monday, May 26th,
Memorial Day
Friday July 4th,
Independence Day
PLAY BALL! BE THERE!
Rake the infield, dust off the mound, smell the fresh cut grass, feel the cool
breeze in the air, it’s time to play ball and go see the Rangers! We’ve got four
prime seats and a parking pass for you! How can you score these? Simple, just
finance or refinance your vehicle not presently financed at the credit union.
With new rates as low as 1.90% APR, pre-owned rates as low as 2.25% APR,
and our Match provision, it’s a win-win for you. We’ve already started, a March
winner has been awarded. Get in the game; we’ll award a monthly drawing
winner from April to September. That’s six more chances to win! Available to
qualified borrowers.
How else can you get you to the ballpark and watch the Rangers? There are
five other easy ways! Just open one of the following during the second quarter
– Open an Enhanced Checking Account with a
2.25% APY; Sign up for Free Internet Account
Access, Free Visa Check Card, with Free E-Pay
and Free E-statement; Open a new money
Individual Retirement account with more than
$5,000; Open a new money Certificate of
Deposit with more than $5,000; Open a new
money Kid’s Club or new money Christmas
Club Account with more than $250. By doing
so, you’ll be entered in a drawing for each
new service or account type you open. If your
new service or account is still active on the
date of the drawing, June 30, 2014 and you’re
chosen, you will win four prime seats and a
parking pass to a Rangers game in July, August
or September. That’s five more chances to win!
Some restrictions apply.
Like us on Facebook –
facebook.com/textelcu
Follow Us on Twitter
@textelcu
Download this application to
Download this application to
find free alternative credit union find the location of free ATMs
locations near you whenever
near you.
and wherever you are and need
to transact Texas Telcom Credit
Union business.
Download this application to
conduct “person to person”
transactions or make Texas
Telcom Credit Union loan
payments or account deposits
from other financial institutions.
First Mortgage
$Money$
For You
Today, there is still a general consensus that
to buy a home you need to have 20% down
and a good-to-excellent credit history.
The good news is you actually don’t need
a large down payment or great credit in
order to purchase a home with competitive
market terms. Let’s look at the general
characteristics of what the mortgage
industry utilizes for analysis of your credit
score: 740-800 Outstanding, 720-740 Great,
700-720 Good, 680-700 Mediocre, and
620-680 Less than perfect, but approvable.
Conventional 30 Year Fixed Rate Loan
Rates are as low as 4.535% APR (Annual
Percentage Rate) and 15 Year Fixed Rate
Loan Rates are a low 3.775% APR. Qualify
for either of these loan types during April
and we’ll contribute the following at closing:
Loan amount $100,000 and greater, $500;
$250,000 and greater, $750; $400,000 and
greater, $1,000.
Call our designated Loan Officer, Mr. Angelo
Falto, CU Members Mortgage today, 972851-6075, or 1-800-607-3474 extension 3275
to see how much you qualify for. Or you can
email him at [email protected].
Tell him you’re with Texas Telcom Credit
Union. Let’s put you in a new home for less
this Spring!
CD RATES
ON THE RISE
Texas Telcom Credit Union has remained one
of the most competitive credit unions in the
nation when it comes to your Returns on
Investment, specifically Jumbo and Super
Jumbo Certificates of Deposit. Jumbos start
at $75,000, for terms of 1, 2, or 3 years and
a return of 1.45% APY (Annual Percentage
Yield). Super Jumbos start at $245,000, for
the same term options and a return of 1.55%
APY. Either product is available in Regular
or IRA (Individual Retirement Account)
Certificates of Deposit. Our practice is if you
find a better deal that we can independently
verify in an “Apples to Apples” comparison,
we’ll match it. And remember, during the
second quarter these new money deposits
will be eligible to win four prime Rangers
seats and a parking pass! Best deal in Texas!
Certificates of Deposit Tiers
as of April 1, 2014
Minimum
Balance
6 Months*
12 Months*
24 Months*
36 Months*
60 Months*
$1,000
*0.75%
*0.75%
*0.85%
*0.95%
*1.05%
$25,000
*0.85%
*0.85%
*0.95%
*1.15%
*1.25%
$50,000
*0.95%
*0.95%
*1.05%
*1.35%
*1.45%
$75,000
∞ Negotiable
∞
∞
∞
∞
$245,000
N/A
† Negotiable
†
†
†
* Annual Percentage Yield. ∞ Jumbo-Negotiable, available 1-2 year term. † Super Jumbo-Negotiable, plus
10 basis points or best rate on the grid plus 10 basis points. I Jumbo- Institutional, available 2-3 year term,
market conditions or best rate on the grid minus 20 basis points. Must be greater than or equal to $100,000. Early
withdrawal penalty. Rates and Terms may change without notice.
Dividend Rates
as of April 1, 2014
SAVINGS ACCOUNT.... APY*
$500–$24,999.99...... 0.50%
$25,000 and up........ 0.75%
Kids Club.................. 1.00%
Christmas Club........ 1.00%
CHECKING ACCOUNT
$300–$999.99........... 0.00%
$1,000 and up.......... 0.00%
ENHANCED CHECKING
$0–$5,000.................. 2.25%
Non-qualified earns... 0.05%
BABY BOOMER CHECKING
$5,000 and up.......... 0.50%
IRA ACCOUNT
$0.00–$4,999.99....... 1.00%
$5,000–$24,999.99... 1.00%
$25,000–$74,999.99. 1.25%
$75,000 and up........ 1.25%
*Annual Percentage Yield
Loan Rates
as of April 1, 2014
NEW VEHICLES*
Available APRs †
36 months....................................................... .9%
1
48 months............................................... as
w
o
l
60 months........................................ as
72 months...................................as low as 2.25%
#
USED VEHICLES
YearTerm
Available APRs
14–13..............60 months..................................
%
12–11..............48 months........................... .25
2
s
10–08..............36 months..................
a
w
07–04..............24 months......... s lo
a
UNSECUREDAPR
Signature up to 60 months........10.00%–18.00%
MasterCard................................................ 13.90%
MasterCard Gold....................................... 12.50%
Line of Credit................................. 9.00%-10.00%
SECUREDAPR
Savings............................................. Div. + 2.50%
Certificate.......................................... Div. + 2.50%
REAL ESTATE
First Mortgage.............................. Call for Details
NEW R.V. OR WATERCRAFT
APR
48 months......................................5.75%–12.25%
60 months......................................6.00%–12.50%
72 months......................................6.25%–12.75%
USED R.V. OR WATERCRAFT@
........................................................6.50%–14.50%
† All rates shown are Annual Percentage Rates
(APR) and reflect payroll deduction (0.25%) and
checking account (0.25%) relationship credits
where eligible.
* 100% financing including tax, title and license.
# Financing amount based on NADA Trade-In.
@
The Quarterly Newsletter is published by
Texas Telcom Credit Union to keep our
members informed about their credit union.
The financial services offered by TTCU may
have specific terms and fees, contact our office
for more details.
BOARD OF DIRECTORS
Michael Robbins—Chairman
Jim Williams—Vice Chairman
Martin Daniel—Treasurer
W.L. Ashwood—Secretary
Robert Edmondson, Jr.
Joyce Liptak
Ed Long, Jr.
Larry Starrett
MAIN OFFICE
8818 Garland Road
Dallas, Texas 75218
Stephen J. Gibson—President/CEO
Jay Mounce—Lending Manager
Faith Hernandez—Office Manager
214-320-8818 | 800-492-4264
Fax 214-320-8875
Scan & Email: [email protected]
Lobby Hours: 9:00 a.m.–5:00 p.m.
Loan Services – 214-709-8854
Mobile Services – 214-709-3988
MONEYLINE 24-hours a day, every day!
800-310-9398
www.textelcu.org
Federally Insured by NÇUA.
“We Do Business in Accordance With the
Federal Fair Housing Law and the
Equal Credit Opportunity Act.”
According to the Texas
Administrative Code, members
are entitled to request and review
copies of certain documents
related to the credit union’s
finances and management. For
more information on which types
of documents may be requested,
or to request the documents,
please contact TTCU in writing.
Model year determines available financing terms.
© 2014 Credit Union Resources, Inc. All rights reserved. 14-0323