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Police FCU
 

In this Issue

arrow Count on Police FCU to Make Your Dreams
Become Reality
arrow Many Banks Out There are Still Charging Customers for Checking
arrow Access Anywhere
arrow Family Matters. Become a part of our Credit Union family
arrow Bridging the GAP and
Mechanical Repair Coverage
arrow Solid Protection for
You and Your Family
arrow Start Early and Teach Your
Kids Financial Wellness
arrow College Funding 101
arrow The Danger of
Dormant Accounts
arrow Police Federal Credit
Union in the Community


Locations

Headquarters & Branch Office
9100 Presidential Parkway
Upper Marlboro, MD 20772
Branch Hrs: 9am-4pm, M-F
Sat. 8:30am 12:30pm
Drive-Thru Hrs: 8am-6pm, M-F

Downtown DC Branch Office
300 Indiana Ave NW, #4067
Washington, DC 20001
Branch Hrs: 8am-3pm, M-F

Main Phone: 301-817-1200
Audio Response - Banking By Phone: 301-817-1201
Fax: 301-817-1230


Check Out Our
Current Rates

Holiday Closings

Independence Day
Wednesday, July 4, 2012

Labor Day
Monday, September 3, 2012

POLICE FCU
by the numbers

As of May 31, 2012

Membership......11,029
Assets.....$149,455,818
Shares....$133,280,432
Loans.......$68,244,281


   

Count on Police FCU to Make Your Dreams Become Reality (back to top)

Whether you’re looking for a new vehicle, planning on home improvement, or consolidating your high-interest credit cards, we have a loan for you.

Police FCU’s competitive rates + friendly member service + easy online applications = affordable loans, an outstanding member experience, and true value!

Vacation Loan Special – Limited Time Offer Available now through August 31, 2012 Borrow up to $5,000 for 24 months, rates as low as 6.74% APR*

*APR = Annual Percentage Rate. Rates may change without notice and are based on creditworthiness. Certain restrictions apply; other rates and terms available. Current Police FCU loans not eligible for refinance. Contact us for details. ^APR shown reflects 20% down, 63 months term, 0.25% discount for Direct Deposit of $1,000 or more monthly and automatic payments. Example: $15,000 loan at 3.24% APR for 63 months = monthly payment of $259.20. ¥CU will pay up to $500 in closing costs on loans of $25,001- $49,999. Min. loan amount of $50,000 required for CU to fully pay closing costs. Appraisal fee must be paid by member for all loan amounts.

 
 

Example: On a $25,000 home equity loan, at 3.99% APR for 60 months, your monthly payments =$460.33; on $15,000 at 3.99% APR for 60 months, your monthly payments = $276.20. †Credit Union will pay up to $500 in closing costs on loans of $25,001- $49,999. Minimum loan amount of $50,000 required for CU to fully pay closing costs. Borrower may be responsible for closing costs if loan is paid off prior to 36 months. Appraisal fee must be paid by member for all loan amounts. Example: On a $25,000 home equity loan, at 3.99% APR for 60 months, your monthly payments=$460.33; on $15,000 at 3.99% APR for 60 months, your monthly payments = $276.20. For adjustable rate equity lines the APR can vary monthly and is based on the value of an index plus a margin. The index is equal to the highest prime rate published in the Wall Street Journal “Money Rates” table on the last business day of each month of each year. Rates are subject to increase after consummation.
ˇAPR shown is a special limited time offer. Special offer expires August 31,2012 and reflects a 0.25% discount for Direct Deposit of $1,000 or more monthly and automatic payments. Maximum borrowing amount $5,000; maximum term 24 months. Example: On a $5,000 loan, at 6.74% APR for 24 months, your monthly payments = $223.27.
‡APR shown reflects a 0.25% discount for Direct Deposit of $1,000 or more monthly. 20% down payment normally required plus taxes and tags. Example: $50,000 loan, at 7.00% APR for 84 months, monthly payment = $758.00.

 

Many Banks Out There are Still Charging Customers for Checking (back to top)

Are you one of them? If you don’t have a Police FCU Checking Account, it’s time to switch and save!

Easy Option
When you have a Police FCU Visa® Check Card, use it instead of cash. It is safer, more convenient, and you don’t need an ATM. On the other hand, if you do need some green, you can easily locate one of more than 32,000 surcharge-free ATMs on our credit union network! Contact the credit union to get your Police FCU Visa® Check Card today!

It Pays to have Direct Deposit at Police FCU
Not only is it more convenient, you may qualify for special promotional rates. Simply sign up throughpayroll, or contact the credit union for more information.

For more information about Police FCU checking, or to order your Police FCU Visa® Check Card, contact us today!

 
     
 

Access Anywhere (back to top)

It’s your Police FCU account, from the comfort of home or wherever you travel. Our convenience service options, include:

  • Online Banking
• Online Bill Pay
• Mobile Banking
• Online Banking
• ez Check Deposit
  • Text Banking
• e-Statements
• Direct Deposit
       

 

 

 

 

With Police FCU’s online suite, you’re always just fingertips away from accessing your accounts and your credit union. Of course, should you need, or prefer to visit a branch in person, it’s easy – we have over 4,600 Shared Branch Service Centers you can visit. Find a location near you by visiting our website and clicking the ‘ATM & Branch Locator’ link in the upper right hand corner.

 

 
     
 

Family Matters. Become a part of our Credit Union family. (back to top)

When you join Police FCU, you become part of our “family” with all the benefits that go with credit union membership. As a member, you are also an owner, not just a number. In fact, our helpful staff will treat you like family. As a not-for-profit financial institution, we always offer low loan rates, high dividends and first-class friendly service with no hidden fees, or nasty surprises.

To learn more about the unbeatable benefits we provide and why it pays to join, visit us at one of our branch locations, call us at: 301-817-1200, or visit our website: www.policefcu.com.

Eligibility Requirements
Police FCU membership is a privilege earned and shared by those who serve in Law Enforcement* – sworn officers (active, recruit, retired) and department or agency civilian employees, and is also extended to immediate family members.

*Visit www.policefcu.com for full eligibility details, and eligible geographic regions. Immediate family members include: spouse, parents, children, siblings, grandparents, grandchildren.

You can download and complete your membership application from the website.

Encourage your family members to join us and make the Police FCU an even stronger financial force.

 
     
 

Bridging the GAP and Mechanical Repair Coverage (back to top)

Imagine your new vehicle is stolen or damaged beyond repair just a few weeks or months after you
bought it. If you think your auto insurance policy will cover it, think again. Your insurance company will
only pay the value of the car at the time of the loss – not what it cost you to buy.

GAP Plus provides protection against your vehicle’s depreciation by paying the difference between your auto insurance settlement and balance of your loan. This could be a few thousand dollars! However, GAP Plus will cover the amount you will otherwise lose in depreciation. It gives peace of mind and helps protect your investment in your vehicle.

MRC Mechanical Repair Coverage* (MRC) pays for unexpected repairs to your vehicle whether you’re home or away. Make sure you compare our MRC before you purchase an extended service contract from a car dealer. We may offer better coverage at a lower price.

Before buying GAP insurance or MRC anywhere else, ask about our low-cost options when you apply for your next auto loan, or find out more information at www.policefcu.com.

*Due to licensing requirements, Mechanical Repair Coverage is not available to members living in Alaska, California and Florida

 
     
 

Solid Protection for You and Your Family (back to top)

We expect the best, but it is always wise to plan for theunknown. From auto & home, to term & whole life insurance, to Accidental Death and Dismemberment coverage, Police FCU, in partnership with CUNA Mutual, offer members a wide range of solid, member priced insurance coverage options that can be tailored to your individual needs.

For more information or to get a quote, call toll-free today:
1-877-MEMBERS (1-877-636-2377).

 
     
 

Start Early and Teach Your Kids Financial Wellness (back to top)

It’s never too early to start planning for your child’s financial future, and Police FCU can help.

A youth account can be a great place for your young ones to manage money from summer jobs, allowance, birthday and other gift money. Now is a great time to teach your children about financial education, saving, spending, and budgeting.

Parents, did you know: For your older children, 16 and 17 years of age, Police FCU offers a great way to prepare for the transition from high school to college. Consider setting up a Youth Checking Account here at the credit union.

A Police FCU youth checking account can help:

  • Develop good money management habits
  • Financial responsibility
  • Get on the road to financial independence

Contact the credit union about starting your child on the road to savings today!

 
     
 

College Funding 101 (back to top)

The Police Federal Credit Union Smart Option Student Loan® by Sallie Mae® is an ideal solution to help bridge that gap between scholarships and federal loans and the cost of education expenses.

The loan offers simple repayment options and allows students to borrow up to 100% of school certified education costs (minimum $1,000). It offers competitive interest rates and there are no origination or disbursement fees for students attending degreegranting institutions. Plus, applying with a creditworthy cosigner may lower the interest rate – and gives a better chance of approval.

For full details or to apply, please visit our website and click the Sallie Mae banner – the one with the graduate.

SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES AND BENEFITS AT ANY TIME WITHOUT NOTICE. CHECK THE SALLIE MAE WEBSITE (www.salliemae.com) TO OBTAIN THE MOST UP-TO-DATE PRODUCT INFORMATION.

Sallie Mae Smart Option Student Loans are made by Sallie Mae Bank® or a lender partner.

 
     
 

The Danger of Dormant Accounts (back to top)

Keep Your Accounts Active!

Don’t forget to give your Police FCU accounts a workout now and again, so the state doesn’t take your money. Last year on its official website, Maryland reported that it had collected $41 million in unclaimed funds and property. Included in that sum were funds from financial institutions handed over to the state due to inactivity. Your account is considered dormant if there has been no activity (deposits, withdrawals or loan payments) within the past three years.

If you are at risk of having your money turned over to the state, we will notify you by mail about the possibility of unclaimed funds, but if you fail to respond within 30 days of the notice, we are required to surrender all funds in your account to the state as abandoned property.

Exercise your right to keep your money by keeping your account active.

 
     
 

Police Federal Credit Union in the Community (back to top)

Recent Event Support and Upcoming Events:


• AORP (MPD), May 2-4, 2012
• Calvert County Sheriffs Open House, May 5, 2012
• MD C.O.P.S. Ride, June 10, 2012
• MD Outlaws Softball Tournament, June 30 & July 1, 2012
• HEROES Golf Tournament, July 12 & 13, 2012
• New Carrollton Police Community Day, August 4, 2012
• District Heights National Night Out, August 7, 2012
• DC C.O.P.S. Classic Golf Tournament, August 13, 2012
• MD Sheriffs & Chiefs Assoc. Conf., September 9-11, 2012

Police FCU is proud to support law enforcement community events. Visit our online calendar for updates.

If you would like your law enforcement event to be featured on our events calendar, send an email with the details to blsquires@policefcu.org (event listing subject to approval).

 
     
 



Police Federal Credit Union

9100 Presidential Parkway
Upper Marlboro, MD 20772
Phone: 301.817.1200

 
 
Police Federal Credit Union. Serving Your Needs. Protecting Your Future.
 
 
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