2nd Quarter ● 2013
XPLORER
FEDERAL CREDIT UNION
Explore your financial possibilities
formerly Shell New Orleans Federal Credit Union
Member News
Monday, May 27
Memorial Day
All Branches Closed
New name, same great credit union.
Xplore Federal Credit Union
Effective April 8th
Same friendly people!
Same great products and services!
Same commitment to you!
Thursday, July 4
Fourth of July
All Branches Closed
During the name change process you will see our name changing at the
branches, on our website, and on our forms at various stages during the
month of April.
Monday, September 2
Labor Day
All Branches Closed
NEWSLETTER
CONTEST
Count the number of times Explore,
Explorer, or Xplore appears in this
newsletter. Email your count to
[email protected]. The
correct response will be entered
in a drawing for a $100 Visa gift
card! The winner will be notified
via email. Contest ends April 30th.
For our service center users, once we change our name on April 8th you
will have to reference Xplore Federal Credit Union; Shell New Orleans
Federal Credit Union will no longer be recognized in the service center
system.
With our name change comes some exciting news: the addition of two
new products. The first product, coming Summer 2013, is Remote Deposit
Capture, also known as e-Deposit. This product allows you to take a picture
of a check and deposit it through a smart phone or tablet. That’s right,
no more driving to the credit union or mailing in your checks to make a
deposit. The second new product coming Fall 2013 is called e-Transfers.
Soon, you will be able to transfer funds between your credit union account
and accounts you have at other financial institutions without having to
write checks and make a deposit or wire the money.
For more information on the name change, visit www.xplorefcu.com or
call 504.728.4853.
Get Your Mustache Ready!
National Credit Union Youth Week will take place from April 21-27, 2013. During this week and in conjunction with the Credit
Union National Association we will have several promotions to encourage our youngest members to save and to introduce them to
the credit union world. For all of our young at heart members, this week is a great time for you to introduce us to your little ones!
This year the theme of National Credit Union Youth Week (capitalizing on the moustache craze of late) is “Savings Sleuth.” During
this week you may notice several of our lobby staff will have suddenly developed mustaches. We will also host a coloring contest.
Winners will be chosen from a 3-5 age group and a 6-8 age group. Visit any one of our three branches to pick up a coloring sheet
(also available online at www.xplorefcu.com). As a bonus all new Little Explorer minor accounts will receive a free gift! (While
supplies last.) Visit our website for full details.
VISA Platinum® 8.90%
*
APR
For a limited time, earn $25 when
you transfer your balances to us!**
Visa Platinum® credit card’s new look!
NO Annual Fee
NO Transfer Fee
Flexible Credit Limits
*APR (Annual Percentage Rate). Actual rates may vary based on credit score. There is no grace period on balance transfers; a finance charge (based on the
account’s current Annual Percentage Rate will be imposed from the date the transfer is posted to your credit card account. All loan approvals are based on
standard loan underwriting guidelines and credit-scoring benchmarks. Transfers based on borrower’s available limit. Loan rates are subject to change without
notice. ** Minimum loan balance transfer of $2,500 required. Explore Your Score required. Credit inquiries within the last 180 days do not qualify. Loans must
meet current credit union lending guidelines. Funds deposited into member’s share account. Transfer must be initiated by the credit union. Programs subject
to change without notice. Limited time offer.
Visa debit card’s new look!
You can continue to use
your current cards until they
expire or you may choose to
order a new card now for a
cost of $5. Call to be the first
to get these new cards!
Home Repairs College Tuition
Debt Consolidation
With a Home Equity Loan from
Xplore Federal Credit Union...
anything is possible!
Home Equity Loans
up to $40,000 with
LOW CLOSING COSTS
REFINANCE YOUR 1ST MORTGAGE!
$395 Maximum
Closing Costs*
CONTACT:
Doug Tassin
Vice President Lending - NMLS # 106862
[email protected]
t: 504.212.2103 or 504.212.2148
LENDER
*Certain criteria apply.
* City of New Orleans Tax, not included. APR(Annual Percentage Rate).
All loan approvals are based on standard loan underwriting guidelines.
Actual rate may vary based on credit score, discounts, and/or surcharges,
loan term, and loan to value. Loan rates are subject to change without
notice. Loans over $40,000 are available; additional terms apply.
Appraisal and title exam are required.
Explore
YourScore
TM
Explore Your Score® is a free service of Xplore Federal Credit Union. We analyze your credit report and provide practical
advice on how to improve your score!
What you should know about your credit score.
A survey of credit reports carried out by the US Public Interest Research Group* showed:
• 25% of the credit reports ordered contained errors that seriously affect the consumer’s ability to obtain credit.
• Identity theft is now the fastest growing crime. You may have negative items on your credit report because of ID theft without even knowing it!
Why do we care about your credit score?
As a non-profit financial cooperative, we encourage our members to strive for the best
financial health possible. Having a great credit score helps ensure Xplore Federal
Credit Union can offer you better rates than profit-driven financial institutions.
What affects a credit score?
35% Payment History (fast or slow payer)
30% Capacity (amount owed v. available credit)
15% Length of History (how long have you had credit)
10% Accumulation (how much new credit are you taking on)
10% Mix of Credit (credit cards, auto, mortgage)
10%
10%
35%
15%
30%
What does not affect a credit score:
Income, length of residence, length of employment, how long you have been a credit union member.
*source www.uspirg.org
Now that you have a better understanding of credit
scoring, guess your credit score within 25 points
and earn $25*
Visit any of our 3 branch locations for a FREE review of your
credit report or call 504.728.4853 to schedule your appointment .
* Experian report performed by the credit union; credit inquiries within the last 180 days do not qualify; offer limited to one member’s share
account. Program is subject to change without notice. Limited time only. Explore Your Score® must be performed.
REMEMBER: We will
never request personal
information from you
electronically.
Please contact us if you receive any
suspicious phone calls, emails or text
messages.
Notary Services
Notary services are now available at our One
Shell Square branch for $20 per stamp*
*We do not notarize competitors’ loan documents.
*APR (Annual Percentage Rate) All loan approvals are based
on standard loan underwriting guidelines and/or automated
credit-scoring benchmarks.
*
Tuition Loans are available for
all elementary and secondary
education plus up to an
additional $500 per child for
uniforms and supplies.
7.75%
APR
Rates as low as
P.O. Box 60193 New Orleans LA 70160
formerly Shell New Orleans Federal Union
FEDERAL CREDIT UNION
*APR (Annual Percentage Rate). All loan approvals are based on standard
loan underwriting guidelines and credit-scoring benchmarks. Actual rate
may vary based on credit score, discounts, and/or surcharges, loan term,
and loan to value. Loan rates are subject to change without notice. Offer
does not apply to loans currently financed with the credit union.
APR*
1.99%
Home
Loans
Our
autoEquity
loans are
in
up to $40,000 with NO CLOSING COSTS*
FULL BLOOM!
Tuition Loans
[email protected]
www.xplorefcu.com
5500 Veterans Branch
504-455-7764
Lobby: Mon-Thur: 8:00 am - 4:00 pm
Friday: 8:00 am - 6:00 pm
Saturday: 9:00 am - 2:00 pm
Drive Thru: Mon-Fri: 8:00 am - 6:00 pm
Saturday: 9:00 am - 2:00 pm
Branch Information
Mailing Address & Phone Numbers
P.O. Box 60193 ● New Orleans, LA 70160
504-728-4853 ● Toll-Free: 888- U- XPLORE
One Shell Square Branch
701 Poydras St
Mon-Fri: 8:00 am - 4:00 pm
1201 Veterans Branch
Mon-Thur: 8:00 am - 4:00 pm
Friday: 8:00 am - 5:00 pm
Federally insured by the National Credit Union Association.