APRIL • 2016
FOUR THINGS
TO DO WHEN
YOU LOSE
YOUR WALLET
CONTACT YOUR FINANCIAL 1 INSTITUTIONS OR DEBIT
AND CREDIT CARD ISSUERS
According to the Federal Trade Commission, if you report the loss of a debit card
before someone illegally uses it, you’re
not responsible for those unauthorized
transactions. Similarly, under the Fair
Credit Billing Act, credit cardholders
aren’t liable for any expense incurred if
their credit card information is stolen
and used to make purchases as long
as they have reported the card lost or
stolen ahead of time.
To report a lost or stolen credit card
to MCU, call (800) 449-7728. To report
your MCU Debit Card lost or stolen,
call (212) 693-4900.
REPLACE YOUR DRIVER’S 2 LICENSE OR ID
Losing your license or photo ID can be
extremely stressful and inconvenient.
However, replacing this personal
document can be easy, as the DMV now
allows New Yorkers to apply for a replacement license, ID or learner’s permit
online, in person or through the mail.
set up a fraud alert with one of the
three major credit reporting agencies:
Experian, Equifax or TransUnion.
If you’re worried that your ID was stolen,
you can help protect your personal
identity by filing a report with your local
police department. In some instances,
this may even come with the added
benefit of the Department of Motor
Vehicles (DMV) waiving your replacement fee.
It’s also important to check for any
strange activity throughout the year,
even after the 90-day fraud alert expires.
For more information on how to replace
a New York State Driver’s License or
Photo ID or on the steps you can take
to report this document stolen, visit
dmv.ny.gov
3
PULL YOUR CREDIT SCORES
Even though your old debit and
credit cards will no longer work after
you’ve reported them lost, they can
still be used to steal your identity and
open lines of credit in your name. In an
effort to protect your identity and credit,
SOCIAL SECURITY CARD 4 MISSING TOO?
If an identity thief gains access to
your social security information,
he or she can easily open credit
accounts in your name. If your
social security card went missing
with the rest of your wallet, look
into applying for a credit freeze,
which will prevent anyone from
applying for credit under your
name using this information.
Using a credit freeze as precaution
will come with a small fee, depending
on the state you live in. However, it’s
free to replace your social security
card up to three times a year.
MCU Personal Loans a simple solution.
Rates as low as
5.95
%
APR*
To meet your important or unexpected needs:
Consolidate
bills
Planning a
wedding
Facebook.com/nymcu
New furniture
or appliances
@NYMCU_News
Apply for a Personal Loan today!
1-800-LOAN-MCU | nymcu.org
*A PR= Annual Percentage Rate. With approved credit. Rates may be higher based on your creditworthiness. Requires direct deposit or automatic payroll
deduction as method of repayment. The Annual Percentage Rate (APR) will increase by 2% during the term of this transaction if you discontinue payment
through payroll deduction or direct deposit. Your payments will consist of 60 monthly payments of $19.31 on each $1,000 borrowed at 5.95% APR.
5.95% APR available for amounts up to $15,000. Higher loan rates apply for amounts in excess of $15,000. Rates and terms are subject to change
without notice. Certain restrictions apply. Membership is required.
GO GREEN,
SAVE GREEN
THIS SPRING
At no cost to our members, MCU offers digital tools that are
both friendly to the environment and your busy lifestyle.
Take a look at the way our members are going green and
saving green!
NYMCU ONLINE BANKING:
Safely and securely manage your MCU account. With
NYMCU Online Banking, you can view your account balances, transfer funds between accounts, sign up for
alerts to monitor account activity, and much more.
BILLPAY:
Save time, money and paper by paying bills without
having to write and mail a check. BillPay also provides
members with the option to schedule bill payment with
a variety of frequency options (weekly, monthly, annually,
etc.). You can even look up 18 months of payment history to all of your payees.
eSTATEMENTS:
View and print up to 24 months of statements and
receive notifications to your email account every month
when a new statement is ready to be viewed.
NYMCU MOBILE BANKING:
Downloading the NYMCU Mobile Banking App to your
iPhone, iPad, iPod Touch and Android tablets and phones
gives you the freedom to open and manage accounts,
transfer funds, pay bills, apply for loans and find the
nearest MCU ATM or branch location anytime, anywhere.
To learn more about these great paperless options and
to enroll in MCU Online Banking, visit nymcu.org today!
April Is Youth Month
As we continue to celebrate our centennial
year and reflect on our long history of
service to the communities throughout
New York, we’re also looking to the future
by celebrating the young people in our
communities with Youth Month this April!
Keep an eye out on nymcu.org and at
your local branch locations to learn
more about how we’re giving back to our
youngest members and potential members
throughout the rest of the month!
We’re Celebrating Our Members
“I was so happy when MCU opened a branch in my neighborhood, Springfield Gardens, that I
sent a thank you note to the President/CEO. The area is full of civil service workers, perfect
for MCU’s membership. When I come here, I feel like family.” – Debbie R., MCU Member
This year, we’re telling the story of our credit union in
the most important way we know how…through you,
our members!
The MCU 100 Members project seeks to feature
the diversity of our members – who they are, where
they’re from and how MCU has played a role in their
lives. And we want to hear from you!
Want to learn more about how you can share your
story? Keep an eye out in your local branch for when
we will be visiting your area. To view more of our
member stories visit Facebook.com/NYMCU
Board of Directors
Sylvia G. Ash, Madam Chair
James Durrah, 1st Vice Chair
C. Richard Wagner, 2nd Vice Chair
Loretta Y. Jones, 3rd Vice Chair
S. Nana Osei-Bonsu, Treasurer
Shirley Jenkins, Secretary
Mario Matos Jr., Asst. Treasurer
Caroll A. Duncanson, Asst. Secretary
Mark S. Brantley, Esq., Director
Tessa I. Hackett-Vieira, Director
Beryl Major, Director
Joy S. Schwartz, Director
Thomas E. Diana, Director Emeritus
Supervisory Committee
Giovanni Porcelli, Chairman
Karen Lucas, Secretary
Almeta Coaxum, Member
Joseph Guagliardo, Member
Cheryl Wright, Member
Executive Management
Kam Wong, President/CEO
Thomas Siciliano, General Counsel
Richard Casamassa, Executive VP/Chief
Member Service Operations Officer
Norman Kohn, Executive VP/Chief
Credit Officer
Linda Lambert, SVP/Chief
Financial Officer
Carole A. Porter, SVP/Chief Retail
Banking Operations Officer
Kim Thompson, SVP/Chief Human
Resources and Labor Relations Officer
Senior Management
Anie Akpe, VP/Real Property
William Birnbach, VP/Member
Service Operations
Ahmed Campbell, VP/Loan Operations
Corey Fernandes, VP/Business
Development and Member Relations
Urmilla Jorawar, Chief Internal Auditor
Steven Kibitel, VP/Marketing
Amy Kong, VP/Risk Management
John Parrinello, VP/Collections/
Loss Prevention
Agnes Payadue, VP/Retail Banking
Operations/Contact Center
Janet Perkins, VP/Process Engineering/
Innovation
Joseph Rini, VP/ Accounting and Finance
Robert Soloway, VP/Technology
PERSONAL LOAN RATES
Loan Type
Amount Financed
Term
Unsecured Loan
Unsecured Loan
Unsecured Loan
$1,000–$15,000
$15,001–$50,000
$15,001–$50,000
Auto-Pay Monthly Payment Per
APR*
$1,000 Borrowed
Up to 60 Months
Up to 60 Months
Up to 72 Months
5.95%
6.95%
7.55%
$19.31
$19.78
$17.31
Maximum Amount Financed
Term
Auto-Pay Monthly Payment Per
APR*
$1,000 Borrowed
New Cars (Best loan rates available when using the MCU Car Buying Service)
2016–2015
2016–2015
2016–2015
125%
125%
125%
Up to 60 Months
61–66 Months
67–72 Months
1.45%
2.35%
2.35%
$17.29
$16.17
$14.91
Pre-Owned Cars (Best loan rates available when using the MCU Car Buying Service)
2014
2014
2014
125%
125%
125%
Up to 60 Months
61–66 Months
67–72 Months
1.85%
2.65%
2.75% $17.47
$16.30
$15.09
Rates may be higher based on applicant’s credit worthiness. Rates and terms are subject to change without notice. Certain restrictions may apply.
MCU only finances vehicles purchased from a car dealer: We do not offer financing for private sales, individual sales or lease buyouts.
*Auto-Pay: When direct deposit or automatic payroll deduction is utilized as the method of loan repayment. Annual percentage rates for auto loans
will increase by 1/2 % after consummation if automatic payroll deduction or direct deposit is cancelled. Annual percentage rates on unsecured
loans will increase by 2% after consummation if automatic payroll deduction or direct deposit is cancelled. Late payment fee: $25.00.
APR = Annual Percentage Rate.
Municipal Credit Union is an equal housing lender.
NOTICE FROM THE SUPERVISORY COMMITTEE
The Supervisory Committee has established a
procedure; whereby, members can confidentially submit
concerns regarding questionable accounting or auditing
matters, as well as concerns impacting on internal
controls. Correspondence should be sent to:
Within the Five Boroughs/
Long Island
(212) 693-4900
Outside the Five Boroughs/
Long Island
(800) 323-6713
Application Express:
(800) LOAN-MCU
AUTO LOAN RATES
Loan Type
PHONE NUMBERS:
MCU’s Automated Service –
Touch Tone Teller:
Municipal Credit Union
Supervisory Committee/Internal Audit Department
Post Office Box 3418, New York, NY 10277-1863
Attn: Giovanni Porcelli, Chairman
Phone: 212-238-3573 Email: [email protected]
Loan By Fax:
(212) 238-2699
MCU Auto Loans:
888-4MCU-AUTO
VISA Information:
(800) 481-7338
Mortgage and Home Equity
Information: (212) 238-3521
Deposit Account Information:
(212)-693-4900
New Member Line:
(866) JOIN-MCU
VISIT US ONLINE:
nymcu.org
Facebook.com/nymcu
@NYMCU_News
NCUA Your savings federally insured to at
least $250,000 and backed by the full faith
and credit of the United States Government.
National Credit Union Administration, a U.S.
Government Agency.
For complete information concerning our
savings programs, contact the credit union
for a “Truth-in-Savings” disclosure.
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