Elegant Newsletter - SUNY Fredonia Federal Credit Union

SUNY FREDONIA
FEDERAL CREDIT UNION
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Volume 29 • Issue 1
January, 2015
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When you’re a member, you’re an owner. That’s the credit union difference.
Scholarship Opportunity
If your family has a student who will be graduating
from high school this year, then belonging to the SUNY
Fredonia FCU has never been more useful. All high
school seniors who are planning to attend college and
who are members of the Credit Union are eligible to
compete for scholarships in the amounts of $500 to
$1,000.
Signing up for the scholarship competition is simple.
Pick up an application form at one of the Credit Union
offices or download the application from the link found
on our website. The student then must follow the
instructions for writing an essay, filling out each question
and obtaining required official high school transcript and
SAT, PSAT or ACT transcript from school personnel.
The completed application, essay, and transcripts must be
returned to the SUNY Fredonia FCU by January 31,
2015. Your application will be judged against others
submitted to the New York State Credit Union League
from all over New York State. There is no fee for
submitting an application, but those entering must be
members of our Credit Union, and all applications must
be received no later than January 31, 2015. Winners will
be announced in May. Past scholarship winners have
attended schools all over the country; you are not limited
to opportunities for higher education within the state.
The college may be a 2 or 4 year school. Scholarships
will be judged on GPA, SAT scores, community service,
activities, the essay and awards won.
Not only is the NYS Credit Union League giving out
scholarships, but the SUNY Fredonia FCU is pleased
to announce that they will also give out three of their
own $500 scholarships. The NYSCUL will judge all
applications from our CU and rate them from 1-10 for
us. The top 2 will each receive one $500 scholarship from
our CU to any college. These scholarships are in honor
of Frances C. Granata, our first CU President in 1974 and
Paul T. Schonhart, who served as President for 12 years.
The third $500 scholarship will be for the top student that
is attending SUNY Fredonia College. This scholarship is
in memory of Patricia Rushboldt who worked for the CU
for more than 28 years. Each student can only win one
$500 scholarship from the Credit Union. For more
information about the program, feel free to contact our
Fredonia office by calling 673-3585. Best of luck to all
our seniors!!!
CAR FOR SALE
The Credit Union has a 2011 Chevrolet Traverse with
44,640 miles for sale. We will be accepting sealed bids
with a minimum bid of $17,000, until the end of
business on January 30th. Contact either office for
further details on this vehicle and to view it.
Fredonia:
Monday
Tuesday
Wednesday
Thursday
Friday
Irving:
Monday
Tuesday
Wednesday
Thursday
Friday
OFFICE HOURS
9:00 AM - 4:00 PM
9:00 AM - 2:00 PM
9:00 AM - 2:00 PM
8:00 AM - 4:00 PM
9:00 AM - 2:00 PM
9:00 AM - 4:00 PM
CLOSED
CLOSED
8:00 AM - 4:00 PM
9:00 AM - 2:00 PM
OFFICE CLOSINGS
Monday, January 19 - MLK Day
Monday, February 16 - President’s Day
FREDONIA
IRVING
FAX
E-Mail
Website
716-673-3585
716-934-7755
716-673-3685
[email protected]
www.sunyfredoniafcu.com
BIG NEWS!!!
PINK AND BLUE CLUB
Our
Vehicle
Refinance
Program has been extended
to March 31, 2015! Please call
or stop by our office to find out
about how you may refinance
your vehicle for a reduced rate!
We are pleased to announce 9 new additions to our Pink &
Blue Club. Congratulations to our proud parents and
grandparents.
Kenzie E. Gage, daughter of Kaitlin Gage, granddaughter of
Suzanne and Robert Orr born March 6, 2014 weighing 9#, 1
oz.
Nicholas Manzella, son of Dawn Manzella, grandson of
Sharon Rinehart born April 30, 2014 weighing 7#, 6 oz.
Sebastian Cerrie, son of Brooke Cerrie, grandson of Diane
Swank born July 29, 2014 weighing 7#, 4 oz.
Micah Rajewski, grandson of Kathy Carrus born August 13,
2014 weighing 8#, 7 oz.
Brinn Ann-Marie Mileham, daughter of Danielle & Justin
Mileham, granddaughter of Patricia & Rodney Mileham born
August 21, 2014 weighing 8#, 10 oz.
Owen Joseph Denisco, grandson of Melanie Austin, born
September 11, 2014 weighing 5#, 15 oz.
Hunter Narraway, son of Elizabeth & Nathan Narraway,
grandson of Nancy & Paul Narraway born September 16,
2014, weighing 7#, 10 oz.
Zelylah L. Lack, daughter of Alexandra Lack born October
17, 2014 weighing 7#, 8 oz.
Logan Demaric, son of Stephanie Gozdziak, grandson of
Diana Corkins born November 8, 2014 weighing 8#, 11 oz.
As many of you may have already noticed, the
Credit Union has now been upgraded to a live
system!
What does that mean for our members? It
means that you will no longer need to wait
for a manual update to access recent
deposits or home banking transfers via your
debit card. Furthermore, any purchases made
with your debit card will appear as pending
transactions immediately on home banking.
We hope that all of you enjoy this new layer
of added convenience to our credit union
services!
As always, if you have any
questions concerning our new live system,
please do not hesitate to contact us.
APPRECIATION DAY RAFFLE WINNERS
Congratulations to the eight lucky winners from our Member
Appreciation Days in October:
Shirley Woch
Tom Bingham
Janet Ferry
Marian Taylor
Nick Snow
Travis Grubbs
Wendy Irish
Brandy Kachelmeyer
$100.00
$ 75.00
$ 50.00
$ 25.00
$ 25.00
$ 25.00
$ 25.00
$ 25.00
We would like to thank all the members who took time to
stop in at Member Appreciation Day to help us celebrate.
Christmas Raffle Winners
Congratulations to our Christmas Raffle winners this year.
Teresa Dodge and Kate Pinkowski were the winners of the
Hallmark “The Perfect Tree” Snowmen. A thank you to all
who participated in our raffle and food drive. We donated
canned goods to two local food pantries along with a
monetary gift. A check was made out to the Chautauqua
Rural Ministries.
Thank you again for helping out those in need during this
holiday season.
Holiday Loans are still available
until Jan. 31, 2015.
Apply
online or at one of the offices.
Rates as low as 1.9%!
IRA Rollovers
The IRS is changing its long-standing position on the one-peryear rule for IRA rollovers. When the IRS applies its new
interpretation (January 1, 2015), an IRA owner may complete only
one IRA rollover in any 12-month period, regardless of how many
IRAs he or she owns. IRA owners need to be prepared and plan
should they consider an IRA to IRA rollover in 2015.

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