SEPTEMBER NEWS
For All Your Financial Needs, You "AUTO" see us
first
WE HAVE MONEY TO LEND!
SCORE with the CREDIT UNION LOAN ZONE
Car Loans, Mortgage Loans, Home Equity Line of Credit, Recreational
Vehicle Loans.....Finance $10,000 or more during the month of September
or October and you will be entered in a drawing to win 2 tickets to a
Detroit Lions Football Game. The Thanksgiving game or January
2nd's game.
AUTO LOANS
Finance your new car with us. 36 month financing on new and used
autos (2007 - 2010) as low as 3.99 Annual Percentage Rate.
Other conditions may apply. Apply for pre-approval before shopping and know
exactly how much money you can spend.
Are your car payments too high? If your auto loan is
currently with another financial institution, come and see what SVDCU
can do for you. Our competitive auto loans feature APR's* as low
as 3.99%. No payments for 3 months, terms 24 to 72 months.
One hour approval on most loans. Other conditions may apply.
*APR = Annual Percentage Rate
REAL ESTATE LOANS
Mortgage Loans and Home
Equity Line of Credits Available
Great news! The Annual Percentage Rate on our 30 year mortgage is
now below 5%. Our 10 & 15 year mortgages have a fixed annual
percentage rate (APR) of 4.125% or lower. 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. We can help make your financial dreams a reality.
Keep in mind we offer bi-weekly payments. With interest being
calculated on the unpaid balance, making a payment every other week
saves you money in the long run. 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 will 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.
EARN INTEREST REDUCTIONS FOR BEING LOYAL
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.
DO YOU HAVE OUR CREDIT CARD IN YOUR WALLET?
Check out the interest rates. It may be
time to transfer your balance to our VISA. Fixed
Annual Percentage Rate 12.90%. No annual fee.
No over the limit fee. No punitive rate. The Annual
Percentage Rate may be slightly higher for cash advances.
If you have money in a savings or certificate, you can use that
to secure your Visa. The Annual Percentage Rate on a share
secured VISA is 9.90%. Apply during the month of September and
receive a reusable grocery tote bag with a bag of chips and a
2-liter bottle of pop. (While supplies last.)
NEW MEMBERS WELCOME
We are always looking for new members. If you are a member, refer
us to your family and friends. Remember anyone living or working
in Macomb, Oakland and Wayne county can now join our credit union.
Have them give us your name as a referral and both of you will receive a
$10.00 member referral deposit. If you are not a member, we'd love
to welcome you to our credit union family. All it takes is an
initial deposit of $10.00 to become a member.
Still time to visit CEDAR POINT
Labor day is the last day Cedar Point will be open for the summer
season. Beginning Friday, September 10th, Cedar Point will be open
on the week-ends. Starting September 17th - Sunday, October 31st,
the park will be open for the HalloWeekends. Crazy
characters, a family-friendly parade and all the scare and frights
you've come to expect from the "Best Amusement Park in the World!"
Taken from Cedar Point's website at:
www.cedarpoint.com.
Opportunities For
Business Owners
Do you own your own business? If so, SVDCU can provide
financing options which you will find are considerably more
affordable than those offered by banks. We specialize in
secured business lending and have competitive products which can
be tailored to suit the needs of your business. When
financing with SVDCU, you will experience the personal attention
you deserve to make sure the correct solution is in place for
your specific needs. We offer a complimentary analysis and
would be more than happy to sit down and talk with you
one-on-one about how we can best assist you during these
difficult times. For more information, please call us at
(586) 264-1212.
Do you need a checking account for your business?
Check out our options.
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
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-charter
credit unions. NCUSIF SHARE INSURANCE COVERAGE - Share insurance coverage
offered through the NCUSIF protects members against losses if a federally
insured credit union should fail. You can confidently join and conduct
business with federally insured credit unions because no member has ever lost
money insured by the NCUSIF. Historically, insured funds are available to members within
just a few days after the closing of an insured credit union. 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".
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.
