NEWS
FOR FEBRUARY
For All Your Financial Needs, You "AUTO" see us
first
INDIVIDUAL RETIREMENT ACCOUNT
Do you have an INDIVIDUAL RETIREMENT ACCOUNT? You
have until April 17, 2012 to make your contribution for
tax year 2011.
IMPORTANT DATE
Monday, February 20th, the credit union will be
closed to observe President's Day.
SPECIAL NO FEE 12 YEAR MORTGAGE
Special no fee 12 year Mortgage as low as 3.5%
annual percentage rate. 80% of appraised value.
Refinanced Mortgages only. Additional cash
out allowed if within 80% of appraised value. Principle
Residence only. Loans from $35,000 to $200,000.
OPPORTUNITIES FOR BUSINESS OWNERS
LOCAL, TRUSTED, SERVING ALL
BUSINESS OWNERS
NOW is the time to check out
our Business CHECKING and Business Loans
Our services are more
affordable than those offered by banks. Our network has
over 28,000 Surcharge-Free ATMS including most 7/11 stores.
We offer FREE 24-hour internet account access, FREE on-line Bill
Pay, FREE paper or e-statements and FREE Mobile
Banking---ANYWHERE---ANYTIME BANKING.
OUR PRIORITY IS MEMBER SERVICE
We offer 3 different checking
account packages. Basic Business (under 200 transactions
per month), Small Business (between 200 & 400 transactions per
month) and Business Checking (over 400 transactions per month).
We are currently offering
Merchant Solutions. If accepting credit & debit cards is
an important part of the success of your business, then programs
offered by FIS Merchant Solutions will help you strengthen
customer relationships and drive profitability. We offer a
free comparison of your existing merchant fees, fast
application turnaround, free programming of your existing
terminal. For more information, please
contact the marketing department.
VISA
Our VISA credit card has a low
APR* of 12.9%. If you opt for a share
secured credit card, the APR* is 9.9%. No annual fee.
Please contact a loan specialist at 586-264-1212, ext. 3 for
more information.
*APR = Annual Percentage Rate
REAL ESTATE LOANS
In
addition to the traditional mortgage loans (1st Mortgage and
Home Equity) we can also help finance your 2nd home or
investment properties. Please contact a loan specialist at
586 264-1212, ext. 3 for more information. For our
regular mortgage loans, we offer 10, 15 and 30 year terms.
As of Jan. 24th, all the Annual Percentage Rates for
all terms are below 5%.
The Annual Percentage Rate on our 30 year mortgage is
4.125% as of Jan. 24, 2012. Our 10 & 15 year mortgages have a fixed annual
percentage rate (APR) as low as 3.125% as of Jan. 24, 2012 . The rates change
regularly so be sure to call the office for the current rate. This
is still a good time to purchase a home or refinance your existing
mortgage. Also we offer bi-weekly payments. Another feature of our mortgage
loan is that when you borrow from us, you pay us back. We do not
sell our loan portfolio.
Home Equity Line of Credit loans have a variable rate based on an index.
You can finance up to 85% of the appraised value, minus any other liens.
Home Equity Line of Credit has an annual percentage rate as low as 4%.
When you have a Home Loan with us we give you a *FREE* checking
account. No monthly service fee and we pay for the printing of
your checks. We have a variety of styles to choose from.
LOOKING FOR A LOWER CAR
PAYMENT?
Let
us refinance your Auto Loan from another financial institution.
APR as low as 2.99% for up to 72 months. Rates are based
on credit history and subject to change without notice.
Offer is not valid on existing auto loans with SVDCU. If
you select this option, we will not match a lower rate.
MOBILE BANKING IS HERE
This is your
ANYWHERE, ANYTIME BANKING. Click here for instructions.
Before accessing this new service, we must have your current
cell phone number on file.
NEW:
WEB ALERTS
Log on to our web
site, click Home Banking. Look for the black tool bar.
Click on to "Alerts". Check the appropriate box. You
can be alerted by cell phone or email, when your account is
overdrawn, when a loan payment is due or past due. We can
even alert you when a certificate matures. Be sure to
utilize this new addition to our web site.
LOYALTY RATES for our LOYAL MEMBERS
Autos, Trucks, Boats, RV's. When you finance any of these with us,
you can qualify for an interest reduction up to 1% off the current
annual percentage rate. Other conditions may apply.
NEW MEMBERS WELCOME
If you are a member, refer
us to your family and friends. Remember anyone living or working
in Macomb, Oakland and Wayne Counties can now join our credit union.
If you refer anyone for a loan or a savings account tell them to mention
your name. Both of you will receive a
$10.00 member referral deposit.
Preferred
Rates for Term Share Accounts Are Now LOYALTY RATES
Did you know that by using credit
union services you could earn up to a 1% annual percentage yield above the
current yield? The more services you use,
the greater your rate. Following is a list of preferred services:
Money Market Account, Individual Retirement Account,
Checking, Debit/ATM card, HOP (Handi On-line Pay),
E-statement, Direct Deposit, Auto
Loan, Home Equity Loan, Mortgage Loan, RV Loan, Boat Loan, Line of Credit, or Visa.
You earn a bonus rate of .10 for each service you have. Maximum bonus
cannot exceed 1.00%.
This offer subject to change and can be withdrawn at any time.
YOUR FUNDS ARE INSURED BY
NCUA UP TO $250,000
The National Credit Union Administration, commonly referred
to as NCUA, is the federal government agency that charters and supervises
federal credit unions. NCUA also operates and manages the National Credit
Union Share Insurance Fund (NCUSIF). Backed by the full faith and credit
of the U.S. government, NCUSIF insures the accounts of millions of account
holders in all federal credit unions and the vast majority of state-chartered
credit unions. You can confidently join and conduct
business with federally insured credit unions because no member has ever lost
money insured by the NCUSIF. Failures of
federally insured credit unions are rare because only those with sound
operational standards qualify to receive NCUSIF coverage. NCUA also
regularly reviews the operations of all federal credit unions and works closely
with state regulatory authorities to evaluate federally insured state-chartered
credit unions. Members are federally insured up to $250,000.00. IRA's
are separately insured up to $250,000.00 by NCUA - "Backed by the full
faith and credit of the United States Government".
Click
here for information regarding additional coverage.
Many identity thieves are now using a
computer technology called Voice over Internet Protocol that enables them to
make anonymous calls to your phone for a crime called "vishing". Here is
an example: You get a call saying that your credit card has been used illegally.
You are asked to dial a fake toll-free number in order to "confirm" your account
details and credit card number. Once you provide this information to the
thief, it is used to run up charges on your account and leave you with a
financial mess. Your credit rating may also be affected.
If you receive any calls asking you
for information about your credit card, hang up before you give out any
information. Do not give out the 3-digit security code found on the back
of your credit card/debit card unless you initiated the call. Be
suspicious about any caller who wants to confirm, update, or verify financial
information. Do not respond to any e-mails informing you of problems with
your account.
Call the toll-free number on the back
of your credit card or on your statement to see if they initiated the phone call
or the e-mail. Do this as soon as possible to make your credit union or
credit card provider aware of the vishing attempt.
