CREDIT UNION NEWS - BCM Federal Credit Union

Credit Union
News
Fa l l 2014
Credit Union News is published by BCM Federal Credit Union for its members. Availability, terms and
rates of services offered are subject to change as determined by the BCM FCU Board of Directors.
“Thumbs Up”
On Refinancing!
Refinance your car loan and save money!
From October 1 through December 31, 2104,
BCM FCU will take up to 1% off your current
loan rate when you refinance your auto loan
from another financial institution with us.
Contact a loan officer for details!
Local Service.
Global Good.
International Credit Union Day
was created in 1948. This year’s
theme Local Service. Global Good.
emphasizes credit unions’ positive
impact in their communities
and around the world. There are
currently over 57,000 credit unions
in 103 countries serving nearly
208,000,000 members.
BCM FCU offices will serve
refreshments to members on
October 16 in celebration of
Credit Union Day.
Happy Thanksgiving
from the
Credit Union Staff
S e rv i n g
the
Looking for a new car this fall? Visit the credit
union’s Auto Buying Center at www.bcmfcu.
memberautocenter.com. Submit your choice of car
and options to locate the dealer who has your dream
car at a special price to credit union members.
Skip-A-Payment
In December
Get Involved
With BCM FCU
Skip your December credit union
loan payment and use those funds for
holiday expenses. Complete the SkipA-Payment application NOW to be
ready in time.
Applications
can be found
in all branch
offices.
Next spring, BCM FCU members
will vote on officers to serve on the
Board of Directors and the Loan
Appeals Committee. A Nominating
Committee has been named and will
begin actively looking for candidates
for these positions.
Loan interest
will accrue on
the entire balance
carried over to the next billing statement at the
normal established rate. (Remember to add one month
to the total loan payoff date.) To skip an automatic
payroll deduction, the normal payment amount will
be deducted from your paycheck and deposited into
your BCM FCU Share Account. A $15 processing fee
per loan will be added to your loan unless you specify
otherwise.
H e a lt h c a r e I n d u s t ry
of
If you are interested in serving,
call the credit union office.
Candidates will be chosen before
the end of this year.
All BCM FCU members will have
the opportunity to vote on their
officers either online or by mail-in
ballots. Results of the election will be
announced at the Annual Meeting
on Wednesday, March 25, 2015.
Harris County
Internet
Info Line
(713) 798-8880
www.bcmfcu.com
Main Office
Jones Building, Lower Level
(713) 798-4820 FAX: (713) 798-4200
M-F, 8:30am - 4:30pm
Get them from
here to here
Bellaire Branch
4003A Bellaire Boulevard
(713) 667-1254 FAX: (713) 667-1284
M-F, 9am-6pm; Sat. 9am-noon
McGovern Branch
2450 Holcombe
(713) 798-3559
M-W-F, 12:30pm-4:30pm
Student Loans
BCM FCU offices
will be closed:
Thanksgiving: Th.-Fri., November 27-28, 2014
Christmas: Th., December 25, 2014
New Year’s Day: Th., January 1, 2015
Dividend Rates
Regular Shares
Balances of $50.01-$5,000
Balances of $5,000.01-$10,000
Balances $10,000.01 or more
APR*
apY**
0.05% 0.05%
0.05% 0.05%
0.05% 0.05%
IRAs
Regular IRA $500 minimum 0.50%
24 mo. term IRA $500 minimum 0.50%
0.50%
0.50%
*Annual Percentage Rate. **Annual Percentage Yield.
Dividends are declared and paid monthly by the Board of Directors
based on earnings and market conditions and are subject to
change without notice. Certificate yields assume that dividends
are compounded monthly to the certificate. Rates effective 10/1/14.
Loan Rates
BCM FCU offers Risk Based Lending which
rewards lower rates to those with good credit.
The following are the lowest rates offered:
Share Secured. . . . . . 2.75% above rate of security
Regular MasterCard Rates for MasterCard & VISA
are based on the member’s
Gold MasterCard
credit score and range from
9.0% to 18.0%.
VISA Platinum
Signature/Unsecured . . . . . . . . 10.9-18.0%
New Cars, Boats & Motorcycles financed for
percentage of MSRP:
80% 100%
24 months as low as
1.25%
36 months as low as
1.75%
48 months as low as
2.00%
60 months as low as
2.25%
72 months as low as
2.50%
(for vehicles exceeding $30,000)
2.25%
2.75%
3.00%
3.25%
3.50%
Used Vehicles financed per NADA Value:
Trade:
Retail:
Up to 24 months as low as 2.75% 3.00%
Up to 36 months as low as 3.00% 3.25%
Up to 48 months as low as 3.00% 3.25%
Up to 60 months as low as 3.25% 3.50%
Up to 72 months as low as 4.00% 4.25%
Classic Auto Loans up to 60 mos. as low as 8.0 apr*
All loan rates are expressed as an Annual Percentage Rate (APR)
and are subject to change without notice. Rates effective 10/1/14.
This credit union is federally insured by
the National Credit Union Administration.
Pay for college the smart way. BCM FCU in partnership with SallieMae® offers
the Smart Option Student Loan® with competitive interest rates, three repayment
options, and no origination fees. Apply online: www.bcmfcu.com.
Holiday Fun & How To Pay For It!
The holidays are fast approaching. With all the fun and family get togethers come
the expense of gifts, entertainment and travel. To help you budget, try purchasing
gifts over a period of time—start now!
If you need additional funds for the holidays, let a BCM FCU loan officer help
you decide the best course for you. Apply for an Unsecured Loan with an interest
rate as low as 10.9% apr* or a short-term H.E.L.P. Loan. H.E.L.P. Loans will be
available December 9, 2014. Borrow up to $500 and repay the loan at 18% apr* with
a three-month repayment term. Perhaps a Home Equity Line Of Credit is best
for you. A HELOC can be established for up to 80% of the fair market value of
your home. Then, whenever you need, funds from your HELOC loan can be used.
HELOC loans have a payback rate of Prime Rate + 0%.
Tips For The Holidays
Shop safely during the holidays—both in the malls
and online! Watch for email and text scams, check
statements regularly, stop your mail delivery through
the Post Office if travelling, and make purchases only
from well-known web sites. Keep these numbers handy
should your BCM FCU cards get lost or stolen: debit
cards: (800) 405-7068; credit cards: (800) 442-4757.
Take note of when the credit union offices will be
open during the holiday season (see column to the left).
Remember the Bellaire Branch is conveniently open
EVERY Saturday, 9 a.m. - 12 noon. Get access to your
credit union accounts every day at any hour from any
computer, cell phone or tablet. Sign up for online and
mobile app access to your BCM FCU accounts at
www.bcmfcu.com. *Annual Percentage Rate. Loan approval based on credit union policies.
BCM FCU says
“So long” to
Dora Giron-Soliz
after over 15 years
of service.
Thank you Dora!

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