POWERLINES
A Publication by APCO Employees Credit Union | Powering financial lives. | April 2017 | Issue 158
The advantages
of being a
Credit Union
member
Plus
Free, Free and
Almost Free
FREE Checking
An APCO checking account
will do everything a regular checking account will do
but instead of costing you money each month, it could actually
pay you. There are no monthly
service charges, no minimum
balances, and no transaction
fees. We even pay dividends on
your APCO Checking account.
All you pay for are your checks and with their low price, our
basic checks save you money on every order.
If you’re tired of service charges, fees, or minimums, maybe you
should look into an APCO Checking account. Our checking
account features:
•No service charge
•No minimum balance
•We pay you interest
•Free debit cards
•Free online banking
•Overdraft Protection
With your Credit Union’s free checking, you have access
to your account at over 50 APCO ATM locations, more than
5,000 CO-OP shared branches and nearly 30,000
surcharge-free CO-OP ATMs nationwide. There are over
500 locations here in Alabama; many of them in Publix, Costco
and select Alabama Power Payment Centers. That’s more
access than most traditional bank customers have.
Visit us online at apcocu.org or stop by any of our offices to
open your APCO Checking account. You’ll be glad you did.
FREE Bill Pay
Bill Pay makes it a breeze to pay the companies that send you
bills – or just about anyone else, too. It’s simply the best way to
manage your payments.
Pay Virtually Anyone. From the local bakery to a Fortune
500 Company, even your babysitter.
Send Money to Friends and Family. All you need is their
email address or cell phone number.
Same Day/Next Day Payments.* Payments can often
be received in as little as one business day, even that same
afternoon if necessary.
Group Payments into Categories. Organize your utilities,
cable and phone into a folder named household.
Account to Account Transfers.* Even accounts at other
financial institutions. Your money is always available, regardless
of where you keep it.
Receive eBills. Green, more convenient, more secure and
easier to manage.
Reminders. Receive updates through email when you receive
a bill, or when it’s due.
Automatic Payments. Great for bills that stay the same each
month, like your rent and your car loan.
Search Bill History. Search by company, date and status,
the moment you need an answer, wherever you are.
Message Center. Get quick answers to questions you
might have.
Safe and Secure. More secure than mailing paper checks.
*A fee may be charged for these services and/or expedited delivery.
FREE Online Banking
•Make Loan Payments
•Transfer Funds
•Manage Family Accounts
•NEW FEATURE! Set Up Recurring Transfers
FREE Mobile Banking
Convenient to use and there when you need it, Mobile Banking
from APCO Credit Union is safe, secure and available at no
charge. Download the Mobile Banking App today and enjoy
your Credit Union’s benefits wherever you are.
Here’s what you can do:
•Make Mobile Deposits – deposit checks whenever you
want and wherever you are
•Check balances on share accounts and see available
credit for Credit Cards and lines of credit
•View transaction history
•Instantly transfer funds between connected accounts
•Find the closest Credit Union branch or ATM
CURRENT INTEREST RATES*
Through March 27, 2017
Safe and Secure
The APCO Employees Credit Union Mobile Banking App can be
downloaded from the Apple App Store or the Google Play Store.
If you already have access to your account though your Credit
Union’s Online Banking, download the app and then login. The app
will ask for your User ID and Password – this is the same User ID and
Password you use for Online Banking.
Once you’ve entered your information, you may be asked a security question. The Multi-Factor Authentication questions and answers
will be the same questions and answers you set up within Online
Banking.
If you are not already enrolled in your Credit Union’s Online
Banking, visit us at apcocu.org and enroll today. Once enrolled,
follow the steps above to setup and use your APCO Employees
Credit Union Mobile App.
News In Brief
Reminder: Your Credit Union’s 63rd Annual Meeting will be held
Thursday, April 6, 2017 at 6:30 pm. The meeting will be held at the
Corporate Headquarters Building of the Alabama Power Company
in Birmingham. See you there.
Moving? Please let us know. Inform the Credit Union in writing
when your address changes, even if you have a company address.
Remember, you have until April 18, 2017 to make contributions for
the tax year 2016. Opening or adding to your APCO IRA is a great
way to take control of your financial future. Call or stop by to talk
with one of our IRA experts today.
Why trust strangers with your retirement? To us, you’re family.
Visit APCO Investment Services at www.apcocu.org/advice or call
Mike Lewallen at 205-226-6866 for a no cost consultation.
Traveling this summer? Be sure to let your Credit Union know
when you plan to be out of town. We want to make sure access to
your money remains convenient and safe.
Let your family in on a good thing – Credit Union membership.
Have your relatives stop by or call and join today. We’ll treat them
like family!
Stay connected with your Credit Union!
“LIKE” us on Facebook www.facebook.com/APCOCreditUnion
Follow us on Twitter @apcocu
Visit us online at www.apcocu.org
Deposit Accounts APY
Share Account1.00%
Certificates
30/45/60 Days .60%
91 Days .70%
182 Days .80%
366 Days 1.16%
18 Months 1.26%
24 Months 1.36%
30 Months 1.41%
36 Months 1.51%
37 Months (step up) 1.46%
48 Months 1.71%
60 Months 1.97%
IRA Share1.51%
IRA Certificate Same rates as certificates above
with maturities from 182 days to 60 months
Christmas Club1.00%
Checking.15%
(Average daily balance over $2,000) .50%
Loans
Share Secured (36 months)2.00%
New Car (100% of list) 1.90%
Up to 60 Mo. (finance at least $10,000) 1.90%
Up to 72 Mo. (finance at least $20,000) 2.40%
Up to 84 Mo. (finance at least $30,000) 3.40%
Used Car2.90%
New Boat (90% of purchase price)
Starting at 2.75%
Used Boat (90% of purchase price)
Starting at 3.75%
Visa10.90%
Real Estate
Adjustable Rate Mortgage
5/1 ARM Loan 2.875%
$425,000 is max on adjustable rate mortgage.
ARM Jumbo Loans available. Call for details.
Fixed Rate Mortgage
1st Mortgage (up to 10 years) 3.125%
1st Mortgage (up to 15 years) 3.375%
1st Mortgage (up to 20 years) 3.875%
1st Mortgage (up to 30 years) 4.125%
$425,000 is maximum on fixed rate mortgage
Fixed Jumbo Loans available. Call for details.
*Rates subject to change. Please call for a quote. All savings
rates quoted as annual percentage rates. A lower credit score
may cause a higher loan rate.
FINANCIAL REPORT
02/28/201702/29/2016
Assets $2,741,066,941$2,626,636,967
Savings$2,463,587,099$2,341,519,105
Loans$762,472,571$743,418,515
Members71,731
71,470
LOCATIONS
MAIN OFFICE
750 17th Street North
Birmingham, AL 35203
(205) 226-6800
1-800-249-APCO (2726)
Chelsea
370 Chelsea Crossroads
Chelsea, AL 35043
Phone: (205) 678-8406
Clanton
1872 7th Street South
Clanton, AL 35045
Phone: (205) 280-0366
Corporate Headquarters
600 North 18th Street
Birmingham, AL 35203
Phone: (205) 257-1592
Dothan
2220 Montgomery Highway
Dothan, AL 36303
Phone: (334) 793-7226
Hoover
4725 Chace Circle
Hoover, AL 35244
Phone: (205) 823-7403
Hueytown
2901 Allison-Bonnett Drive
Birmingham, AL 35023
Phone: (205) 257-3905
Inverness
42 Inverness Center Parkway
Birmingham, AL 35242
Phone: (205) 992-5030
Jasper
706 20th Avenue East
Jasper, AL 35501
Phone: (205) 221-4238
Mobile
150 St. Joseph Street
Mobile, AL 36602
Phone: (251) 694-2383
Montgomery
244 Dexter Avenue
Montgomery, AL 36104
Phone: (334) 832-3822
Pelham
101 Huntley Parkway
Pelham, AL 35124
Phone: (205) 664-7421
Trussville
151 Main Street
Trussville, AL 35173
Phone: (205) 661-2715
Tuscaloosa
630 15th Street
Tuscaloosa, AL 35401
Phone: (205) 345-6550
West Mobile
6396 Airport Blvd
Mobile, AL 36608
Phone: (251) 434-5634
Federally Insured by NCUA
Equal Housing Opportunity Lender
EQUAL HOUSING
OPPORTUNITY
LENDER
APCO Credit Union Service Charges and
Account Maintenance Fees*
Cashier’s Checks..................................... $1.00 per check
Official Checks........................................ $1.00 after one free per day
Money Order.......................................... $1.00 per item
Visa Gift Card.......................................... $3.00 per card
Travel Card Fee....................................... $7.95 initial fee - reload fee $2.00
Service Centers....................................... $1.00 per transaction after the 8th transaction
Collection Item........................................ $25.00 per item
Wire Transfers:
Outgoing- Domestic........................ $15.00 per transfer
Outgoing- International.................. $50.00 per transfer
Incoming........................................... $0.00 per transfer
Coin Deposit............................................ Coin deposits greater than $150.00 will be charged 5% fee
Share Minimum Balance........................ $3.00 per month if share account balance falls below $25.00
Debit Card ATM (non APCO CU)........ $0.75 per transaction after the 6th transaction
Stop Payment........................................... $20.00 per request
Counter Checks....................................... $2.00 for 10 checks
Check Copies.......................................... $1.00 per check
Statement Copy or History Printout....... $3.00 per copy
Signature Card Copies.......................... $1.00 per copy
Account Research................................... $15.00 per hour ( 1 hour minimum)
Insufficient Funds Fee (NSF)................... $20.00 per check
ACH (Automated Clearing House)
Return Fee......................................... $20.00 per item
Overdraft Fee................................... $20.00 per item
Debit Card Overdraft Fee...................... $20.00 per item
Check Overdraft Fee.............................. $20.00 per check
Deposit Item Return Fee.......................... $5.00 per item
Excessive Share Account
Withdrawal Fee...................................... $1.50 per share withdrawal after the 3rd monthly withdrawal
Share Transfer Fee (share to checking).$1.50 per transfer
Overdraft Transfer Fee........................... $1.50 per transfer
Personal Checks Basic Check Order.... $18.00 single copy checks (120 Checks)
Abandoned Account Fee....................... $3.00 per month
*Effective May 1, 2017. Fees and charges subject to change
Board of Directors
John Valekis – Chairman
Wendell W. Pate – Vice Chairman
Robert B. Roy – Secretary
Mark Wilkinson – Treasurer
William M. Bass – Director
Billy Gober – Director
Melinda Lopez – Director
S. A. Marino – Director
Greg Shipp – Director
HOLIDAY CLOSINGS
Memorial Day, May 29, 2017
Independence Day, July 4, 2017
President / CEO
Derrick E. Ragland, Jr.
Supervisory Committee
Ann Wilkinson – Chairperson
Allison Boone – Member
Celia Yates – Member
Credit Committee
Jim Moore – Chairman
Joe Shannon – Secretary
Melinda Hurd – Member
Ed Nesmith – Member
John Ohlson – Member
Vicki Page – Member
Carlton Stephens – Member