July 2012
Happy Independence Day
As we celebrate the day our nation has set aside
to celebrate the signing of the Declaration of
Independence let us also celebrate the fact that
along with our political independence came the
freedom to make wise choices concerning where
we receive our financial services. Atlantic City
Federal Credit Union appreciates the fact that you
have chosen to trust us for your financial products
and services.
LOCATIONS
1005 11th Street
Lander, WY 82520
307-332-5151
1701 N. Federal Blvd.
Riverton, WY 82501
307-856-1701
111 Wyoming Street
Shoshoni, WY 82649
307-876-2222
WEB SITE
www.atlanticcity.coop
HOLIDAY CLOSINGS
Independence Day
Wednesday, July 4, 2012
Labor Day
Monday, September 3, 2012
Columbus Day
Monday, October 8, 2012
Have a happy and safe 4th of July.
Dennis Vinson Retires after 35 Years
On March 15, 2012, Dennis Vinson celebrated his 65th birthday
and his final day as President/CEO of Atlantic City Federal Credit
Union. Through out the day, well-wishers stopped by the Lander
office to thank and wish Vinson well on his retirement.
Dennis joined the credit union on January 1, 1977, which at that
time had two employees, one office, $1.2 million in assets and 744
members. During his tenure the credit union has grown to 30 employees spread over three
locations in Lander, Riverton and Shoshoni, $97.9 million in assets and 10,552 members.
We want to thank Dennis for his dedication not only to the credit union and it’s members
but also to his staff and volunteers. We wish you the best of luck!
We’d also like to take this opportunity to congratulate Brian
Rohrbacher, who has been with ACFCU for the past 11 years and who
will now serve as the President/CEO of Atlantic City Federal Credit
Union. Congratulations!
47th Annual Meeting
We will be celebrating our 47th Annual Meeting on Thursday, August 9, 2012 at
5:00 p.m. at Lander City Park.
Join us for BBQ and be sure to exercise your rights as an owner and vote for your
Board of Directors.
We look forward to seeing you!
Move Over Piggy Bank: The Best Accounts
For Short-Term Saving
Once you’ve come up with a savings plan or have some cash to set aside,
you’ll need to find a smart place to put it (and we don’t mean in a shoebox
under the bed). Atlantic City Federal Credit Union offers a variety of NCUA
insured short-term savings options; the best fit will depend on the amount of
money saved, what it will be used for, and how long you plan to stow it away.
1. Basic savings account: This is the simplest savings account. Deposited
money earns a small interest rate.
• The pros: It doesn’t require much money to get started–often in the range
of $5 to $25.
• The cons: Interest rates are super low.
• Best for: A small stash of savings for minor emergencies, like accidental
overspending or a bounced check.
2. Money market deposit account (MMDA): Your deposit is invested and
earns a variable rate of return based on current market conditions.
• The pros: If the market is good, there is potential for a higher rate of return
than a high-yield savings account. MMDAs usually offer withdrawals by
check, making the money easy to access.
• The cons: A large initial deposit ($100-$5,000) and keeping a higher
balance ($500-$1,000) may be required. The amount of money in the
account may affect its interest rate.
• Best for: Saving for big purchases like a vacation or holiday gifts, and for
expenses where you will benefit from access to the money by check.
3. Share Certificate of Deposit (often called a “CD”): Money deposited
into a Share Certificate earns a fixed interest rate for a fixed time period,
usually from one month to five years.
• The pros: Earnings can be calculated ahead of time. Share Certificates
may earn more than money market deposit accounts if they stay
untouched.
• The cons: To get a higher interest rate, you have to lock the money away
for a longer period of time. Pulling the money out early will incur a penalty.
• Best for: Non-emergency savings that you can afford to set aside until a
specific time, like a down payment on a house or car.
Although rates aren’t sky-high at the moment,
putting aside money in a short-term savings account
is a great habit to start.
Article written by Anita F. Bott of St. George, Utah for brass|Media.
Copyright 2011 brass|MEDIA Inc. Used with permission.
Get Your FREE Annual Credit Report
You are entitled to receive one free credit report every 12 months from
each of the nationwide consumer credit reporting companies (Equifax,
Experian, and TransUnion). This free credit report can be requested online at
www.annualcreditreport.com, by phone, or by mail. When requesting your
report through the Web site, you receive a report immediately. It is so easy!
Nowadays credit reports are being used for everything from setting insurance
rates to evaluating job candidates. So making sure your report is accurate
could save you some money. Get your free report today.
The Benefits of
Membership
Did you know that credit unions offer a better value for your money? Credit unions
typically offer higher returns on savings
and lower rates on loans. Why? Credit
unions are nonprofit cooperatives that
value people before profits. And it’s safe
to say, 2011 proved that it pays to be an
Atlantic City Federal Credit Union member.
The Credit Union National Association
(CUNA) awarded Atlantic City Federal
Credit Union the Certification of Excellence, noting that Atlantic City provided
more than $1.2 million in direct financial benefits to its 9,984 members during
2011. That amounts to $233 per member
household and high-use loyal member
households each realized $1,652 in direct
financial benefits.
But what does this mean? It means that
Atlantic City Federal Credit Union excels
in providing member benefits in the form
of lower loan rates on New and Used
Car Loans, Personal Unsecured Loans
and Credit Card Loans and higher
dividends on Checking, Money Market
Accounts, Certificate Accounts and IRAs.
Atlantic City FCU cares about the things
you value in life and we work hard to help
you achieve a better way of life. See what
being a member can do for you.
Save Money on Gas
While you can’t do much about the global
price of oil, you can take steps to reduce
pain at the pump. Consider these tips
provided by the Environmental Protection
Agency, fueleconomy.gov and gasbuddy.
com.
1. Slow Down: As a general rule, every 5
mph you drive above 60 mph is like paying
an extra 30 cents per gallon of gas.
2. Lighten Your Load: Each 100 pounds
of extra weight can reduce fuel efficiency
by up to 2%.
3. Don’t neglect your tires: You can
improve gas mileage by around 3.3%
by keeping your tires inflated to proper
pressure.