In Touch
January 2014
Not Just Our Opinion…
Credit Unions Really
ARE Better for You
We’ve all been programmed that religion, politics
and money are off-limits in casual conversation.
But recent statistics prove that your friends, family
and co-workers would be better off financially with a
credit union than with a bank. Across the board, despite variations in
size in location, credit unions offer lower average loan rates and higher
average savings rates. So you don’t even have to initiate a discussion
if it makes you uncomfortable. If you want to help those close to you
reach financial success, you can just pass along this information and
let it speak for itself. Here are two charts that compare interest rates for
several commonly used financial products.
Your Winter Wishes
can (still) come true...
The average American family spent
almost $800 on the holidays. If those extra
expenses are squeezing the fun out of
your budget, we can help!
Thru January 31, 2014, members can still
borrow up to $2,500.00 for 12 months at
a rate as low as 7.70% APR*!
Pay off the balance on high-interest credit
cards, take advantage of post-holiday
sales, or treat yourself to a special winter
getaway — it’s your choice!
Call 800.860.5640, visit www.parda.com,
or stop in your nearest branch to apply
NOW before this offer (and our wintry
weather) disappears.
Want to help someone join your credit union and get the same financial
advantages you enjoy? Contact your local branch, the Member Response
Center at 800.860.5640 or visit www.parda.com.
*Source: Credit Union National Association, Commercial Banks and Credit Unions, 3/13/13.
*APR= Annual Percentage Rate, subject to change. Monthly Payment
$217.13. Not a promise to lend; subject to credit approval. The APR
disclosed above is the lowest rate available. Your rate will reflect your
individual credit history and may be higher than the above rate. As low
as rate includes .25% direct deposit rate reduction. This loan offer is only
available through January 31, 2014.
Ever wonder how other people
spend their money?
Evidently we do, because the U.S.
Department of Labor compiles statistics
on it twice each year. Below are the
latest numbers. The average household
spent $51,442 of its average $65,596
income (pre-tax) last year. Somewhat
surprisingly, the largest expenditure increase over the year before was in
a category called “cash contributions,” which includes support of college
students, alimony and child support, and giving to charities and religious
organizations.
Apparel &
services
Cash
3%
contributions
4%
Entertainment
5%
All other
expenditures
7%
Housing
33%
Food away
from home 5%
Health care
7%
Food at home
8%
Personal
insurance
& pension
11%
Transportation
17%
Source: U.S. Department of Labor Statistics, Consumer Expenditures, 9/10/2013
But if you’re not quite sure how this compares with your spending,
you’re not alone. A recently released Gallup poll reports that just 32
percent of Americans use a budget each month to track income and
expenditures. That poll also asked why, with the most frequent response
being, “We spend it all anyhow.”
Following a monthly budget...
3 gives you control over your money (rather than the other way
around)
3 keeps you focused on your financial goals
3 enables you to save for both expected and unexpected costs, and
3 often allows you more spending money (by eliminating fees and
interest).
If you’d like those benefits, stop in and talk to our friendly representatives
about easy ways to enhance your money management. We’re here to
help you make the most of your money!
You Can with
TurboTax®
This year, accomplish something you
never thought possible – do your own
taxes. With TurboTax®, you can be
confident they’ll be done right. Plus,
PARDA FCU members can save $5 on
TurboTax Federal Deluxe edition. Start
now and get your guaranteed maximum
refund!1
Jackson Hewitt® offers
members two ways to
save big on tax prep.
Valued PARDA FCU members are eligible
to save either $30 on their individual
income tax preparation at participating
Jackson Hewitt Tax Service® locations
nationwide or pay $50 less than last year*
when you switch to Jackson Hewitt from
a competing tax preparer. Let Jackson
Hewitt estimate your refund, FREE!
Meet with a one of their tax pros today to
see what Jackson Hewitt can do for you.
No appointment necessary.
Go to www.jacksonhewitt.com to print
your Jackson Hewitt coupon and locate a
Jackson Hewitt office near you!
TurboTax Disclaimer:
1 Maximum (Biggest) Refund Guaranteed or Your Money Back: If you get
a larger refund or smaller tax due from another tax preparation method,
we’ll refund the applicable TurboTax or SnapTax federal and/or state
purchase price paid. TurboTax Online Federal Free Edition customers are
entitled to payment of $14.99 and a refund of your state purchase price
paid. Claims must be submitted within sixty (60) days of your TurboTax or
SnapTax filing date and no later than 6/15/14. Efile, Audit Defense, Ask
a Tax Expert, Refund Transfer and technical support fees are excluded.
This guarantee cannot be combined with the TurboTax Satisfaction
(Easy) Guarantee.
© 2013-2014 Intuit Inc. All rights reserved. State filing charges apply.
Limited time offer for TurboTax 2013. Terms, conditions, features,
availability, pricing, fees, service and support options subject to change
without notice. Intuit, TurboTax and TurboTax Online, among others, are
registered trademarks and/or service marks of Intuit Inc. in the United
States and other countries. Other parties’ trademarks or service marks
are the property of their respective owners.
Jackson Hewitt Disclaimer:
Offer valid on tax preparation fees only and on no other product
or service. May not be combined with any other offer, discount, or
promotional price. Valid at participating locations only. Most offices
are independently owned and operated. Your Credit Union does not
determine fees charged by Jackson Hewitt or its franchisees. If you are
not satisfied with the fees quoted you are not obligated to complete your
return with Jackson Hewitt and may decline their services any time prior
to filing. Most offices are independently owned and operated.
*Offer valid for tax prep fees paid of $150 or more. Proof of last year’s tax
prep fee required.
Offer expires 4/30/14.
We want to extend our sincere thanks for your
business. It is always a pleasure helping you reach
your goals, and we look forward to serving you in this
New Year. We wish you a healthy, prosperous 2014!
Let PARDA Simplify Your Life
Upcoming Holidays
January 20 – Martin Luther King Jr Day
Peapack, Rochester, Van Buren closed
February 17 – Presidents Day
Lititz, Morris Plains, Peapack closed
ANYTIME, ANYWHERE!
Remember, when the credit union is closed,
you can access your PARDA FCU accounts
and information with your Debit/ATM Card,
P.A.R. telephone teller, P.A.T.H. online
banking and PARDA Mobile Banking.
Election
Notice
This year’s annual
election will fill three
expiring positions on
PARDA Federal Credit
Union’s Board Of Directors. Nominations
must be in written form and postmarked
by February 1, 2014 to qualify.
Please send your nominations to:
Chairman, Nominating Committee
PARDA Federal Credit Union
P.O. Box 5010
Rochester, MI 48308-5010
PARDA wants you to be able to take us wherever you go! We make
mobile banking easy with our Mobile application/ m.parda.com. That way
you can check your account balance, transfer funds and more – right
from your smartphone!
Don’t have a smartphone yet or are looking to upgrade?
Sign up for the Sprint Credit Union Member Discount and
you’ll get a 10% discount on your select regularly priced
Sprint monthly service, waived activation fees on new lines
and waived upgrade fees.
Access to PARDA’s mobile banking and getting the latest smartphone
at a great price from Sprint are two ways we can simplify your life! Visit
LoveMyCreditUnion.org/Sprint to find out how you can get the Sprint
Credit Union Member Discount.
Notification of Change
to Branch Hours
Periodically we adjust our hours to conserve credit
union resources while ensuring we are available to
best serve the needs of our members. Accordingly, we
are revising the hours of our Rochester and Van Buren branches. Please
note the new hours below, effective immediately:
Rochester, MI
Open Friday 7:30AM - 4:00PM
Closed between 1:00PM and 2:00PM
Van Buren, MI
Open Monday and Friday 9:00 AM - 4:30 PM
Closed between 1:00PM and 2:00PM
contact us
Member Response Center
1.800.860.5640
2601 Cambridge Court, Suite 210
Auburn Hills, MI 48326
PARDA Financial Partners LLC
1.800.577.0207
P.A.R.-Audio Response System
1.800.860.5640, Option 5
Lost/Stolen or Member Service
for VISA Credit Cards
1.800.558.3424
Federally insured
by NCUA
Lost or Stolen Debit Cards
1.800.528.2273
After Hours Lending
1.866.511.5174
P.A.T.H. Online Banking
www.parda.com
Mobile Banking
m.parda.com
Routing/Transit Number:
272478910
BRANCH OFFICES - Note NEW numbers
Eastpointe, MI 586.773.9444
Greenwood, SC
864.223.6787
Holland, MI (Felch St.) 616.994.6117
Holland, MI (24th St.) 616.392.6979
Lititz, PA 717.405.3498
Milford, CT 203.713.9877
Morris Plains, NJ 973.532.1692
Peapack, NJ 908.506.0579
Rochester, MI 248.805.8926
Rockford, IL 815.580.3096
Van Buren, MI 734.729.4633
Ypsilanti, MI 734.973.7208