talks
www.firstohiocfcu.org
April 2015
FREE Personal Financial
Management System
Manage All of Your Finances
in One Place!
MoneyDesktop offers a convenient,
engaging, and complete money management
experience that is consistent with its awardwinning mobile counterpart, MoneyMobile. MoneyDesktop, a FREE software available to First Ohio members, includes features like Bubble Budgets, which
help you quickly identify the expenses that need the most attention. Another feature is expense tracking, which
allows you to see all of your balances and transactions in one place. With MoneyDesktop and MoneyMobile you
have the ability to know your spending habits and interact with your money management habits instead of just
watching them.
The unique feature of MoneyDesktop is not only can you see the credit union’s information, but you can add
all of your accounts from other financial institutions in this one platform. You can add mortgages, loans, savings
accounts and much more.
Now is the time to log into It’sMe247 and try MoneyDesktop. Enter all of your financial information and watch as
MoneyDesktop works its magic! If you have any questions on how this system works or how it will benefit you, call
us at (330)494-8775 or log into Online Banking to take advantage of this free service offered to you by First Ohio!
Low Rates for High Cost Adventures
Does your house need an overhaul? Is your
child getting ready to head to college? Is this
the year for the big wedding? If you answered
“yes” to any of these questions or have any big
expenses coming up, we can help you.
We pride ourselves on great service and
low rates, and we want to help you! We offer
Home Equity Loans with fixed rates as low as
3.75% APR* for 10 years or 4.00% APR* for
15 years. Are you more interested in a line of
credit? Our Home Equity Line Of Credit** has a
variable rate as low as 4.00% APR***.
*Annual Percentage Rate. Sample payment for $10,000 loan for 10 years at 3.75% APR would be approximately $100.08.
Sample payment for $15,000 loan for 15 years at 4.00% APR would be approximately $110.97. Sample payment
does not include credit life & disability insurance, which is available at a minimal cost to the member. Loan Rates are
determined by individual credit history and term of loan. Rates are subject to change without notice due to market
conditions. You may want to consult your tax advisor to see if you are eligible for any tax deductions. Properties cannot
be financed beyond 80% LTV. ** You can obtain credit advances for 5 years. This period is called the “draw period.” At
our option, we may renew or extend the draw period. After the draw period ends the repayment period will begin. The
length of the repayment period will depend on the balance at the time of the last advance you obtain before the draw
period ends. You will be required to make monthly payments during both the draw and repayment periods. At the time of
the credit advance a payoff period of 60 monthly payments will be used to calculate your payment.
*** The annual percentage rate can change on the first day of each month. There is no limit on the amount by which the
annual percentage rate can change during any one year period. The maximum annual percentage rate that can apply is
18.00% or the maximum permitted by law, whichever is less. However, under no circumstances will your annual percentage
rate go below 4.00% at any time during the term of the plan. Prime rate is quoted in The Wall Street Journal on the first
business day of the month.
Time to Get
Ready for
Summer!
The weather may be
just starting to warm up, but the hot days of summer
will be here before you know it. Why not start
shopping and get new summer toys now, so you are
ready when summer arrives? We have great rates
on motorcycles. You can get a fixed rate as low as
2.70% APR* for up to 66 months on a bike, 2008 and
newer. Are you looking for a boat instead? Our boats,
RVs and ATVs have fixed rates as low as 3.75% APR*
for 2008 and newer for up to 48 months.
So no matter what kind of fun you are looking for
this summer, we can help with our motorcycle and
recreational loans. Don’t forget applying is quick and
easy. Apply online at www.firstohiocfcu.org or call us
at (330) 494-8775!
*Annual Percentage Rate. Sample payment for $20,000 loan for 66 months at 2.70%
APR would be approximately $326.42. Sample payment for $20,000 loan for 48
months at 3.75% APR would be approximately $449.32. Sample payment does not
include credit life & disability insurance, which is available at a minimal cost to the
member. All rates subject to change without notice. Loan Rates are determined by
individual credit history and term of loan. Existing loans not eligible for refinance.
Busy Bee
Loan
Be Free,
Use
Electronic
Banking
Do you like the freedom of electronic banking?
We have all you need, to bank when you want and
how you want. With services like Mobile and Text
Banking plus a great Online Banking system, you
have access to your accounts at any time. Need cash?
Use your MasterMoney™ Debit Card and withdraw
from any Alliance One surcharge free ATM. We also
offer a great online bill pay service called Easy Pay,
and don’t forget MoneyDesktop. Log into It’sMe247
today and see all the things you can do!
8th Annual
Community Shred Day
Save the date! Our 8th Annual Community
Shred Day will be held in the credit union
parking lot on Saturday, September 19, 2015
from 8:30AM – 12:00PM. Mark your calendars,
start gathering material to shred and tell your
friends about this great event because it’s
open to the public. Hope to see you there!
When springtime finally
hits, it seems like there are
a million little repairs and
updates that need done
around the house. If you need some extra
money to help cover the costs of these repairs,
we can help. We offer a Busy Bee Loan that
allows qualified members to borrow up to
$3,000 for up to 36 months with rates as low
as 5.99% APR* depending on the term. Now
you can get your home back to how you want
it without the burden of high interest rates!
*Annual Percentage Rate. Sample payment for $3,000 loan for 12 months at
5.99% APR would be approximately $258.19, 24 months at 6.99% APR would
be approximately $134.31, and 36 months at 7.99% APR would be approximately
$94.00. Sample payment does not include credit life & disability insurance, which
is available at a minimal cost to the member. All rates subject to change without
notice. Not applicable for refinance on current First Ohio loans.
Annual Meeting Overview
A special thanks to all our members who attended our recent
Annual Meeting, which was held on March 7, 2015 in the credit
union lobby. Kim Lapinski, CEO, reviewed the highlights from
2014 which included the following:
Total Assets: $34,513,504.60
Loans: 2875 @ $20,343,786.99
Total Members: 5532
We also want to thank our Board of Directors!
Board of Directors
Dave DeRoy – President
Ann Nussbaum – Vice President
Gary Lesh – Secretary
Stuart Clark
Judy Cramer
T.O. Miller
Lester Schwallie
HOLIDAY
CLOSINGS
Monday, May 25, 2015
Memorial Day
Saturday, July 4, 2015
Independence Day
Did you know…
Travel Club Funds
will be transferred
into your
regular share account
at close of business,
Monday, June 1, 2015.
Supervisory Committee
Stuart Clark – Chairman
Earl Jobe
Jesse Pittman
we offer a low 3.99% APR* introductory rate
for our VISA® Platinum Credit Card? Now is
a great time to apply and take advantage of
this great offer!
*Annual Percentage Rate. Introductory Rate of 3.99% applies to all purchases, balance transfers and cash advances
posted to a First Ohio VISA card for twelve months from activation date in 2015. After that time, all credit card
balances (including purchases, cash advances, and balance transfers) will revert to the regular credit card rate.
Current First Ohio VISA card holders are not eligible.
Office Hours
8200 Cleveland Avenue N.W.
North Canton, OH 44720
Phone: 330-494-8775 or
866-494-8775 • Fax: 330-494-7187
www.firstohiocfcu.org Open to the public of Stark County!
@FirstOhioCFCU
NMLS# 479208
Monday
8:30 am - 5:00 pm
Tuesday
8:30 am - 5:00 pm
Wednesday 8:30 am - 5:00 pm
Thursday
8:30 am - 5:30 pm
Friday
8:30 am - 5:30 pm
Saturday 8:30 am - 12:00 pm