Credit Union Update
Featured product: The Credit Union is offering credit cards as an alternative to high bank VISA© and MASTERCARD© rates. You need to compare not just the rate, but the fees, charges, grace periods, etc. Most cards raise your interest rate if you are 1 DAY LATE. We don't operate that way. Come see us. We want your business. And remember, The Florist FCU has one of the lowest fee ratios in the business.
HAPPY NEW YEAR TO YOU AND YOURS
Update On Target's Data Breach
The Target debit and credit card data breach put a damper on our holidays this year. It may be a benchmark for this type of data theft for the regular shopping public. I am sure that there will be major changes coming, such as new smart cards, which are already the majority of card use in Europe. Smart card technology will certainly make it harder to compromise card data, but it won't be completely fool proof. A lot of card security rests with the user, by properly managing card use. It’s surprising to see that most users of debit and/or credit cards don't track their purchases well. Often, they don't remember if a purchase made last month was one they made, or fraud. So, part of the burden of security will always rest with the card owner.
The Credit Union's card program
2.9% Looking for that new car smell? Nothing smells better than the actual thing. And now, we've made it even better with a super low rate. We can finance up to 100% of the invoice, for a maximum term of 48 months. Example: $20,000 financing / 2.9% / 48 months = $442.00. (3.4% - 60 months / 3.9% - 72 months) Call us today. This great rate is good through December 2013 only. So act now. (On Approved Credit Only. Other great rates available)
THE SPROUTS ACCOUNTS ARE READY!
We encourage parents to open this special account for their children. It’s a great way to teach them about saving, and to begin the much needed steps toward learning how to manage their money. You can access the membership card from our web site at www.thefloristfcu.org Choose the applications tab. Choose the membership applications link. The form is the same for adults as it is for the Sprout account. The child’s name will be entered first. The parent will be a joint owner. Mail, fax, or scan email to email@example.com together with a copy of the joint owner’s driver’s license.
Consider setting up a direct deposit each month, each week, for as little as $5.00 per transfer, fee free to help your son or daughter build their account. They can access it on-line to see how their savings is growing. Call is to find out how easy it is.
10 SCAMS TARGETING SENIORS
"Criminals who Prey on elderly are taking advantage of trust and naiveté", part of an article on Financial Privacy, Melinda Fulmer, MSN Money. Click on the link to "self-educate" on the many ways our grandparents, parents, retirees, ex-military, and elderly brothers and sisters are lossing their life's savings to these crooks. In addition, I encourage you to click on the link in the article entitled "Top 5 scams to avoid in 2012". It is our collective responsibility to ensure the safety of our families.
Sneaky Bank Fees!!
Bank fees are up. The reason is simple: Yields for bank investments and loans are at the lowest level in years. In order to compete, some banks and credit unions are offering loans below the normal 3% spread. The ultimate result is that certain expenses have to be eliminated and / or income has to be found elsewhere. Usually, a bank will do both. We’ve seen hundreds of thousands of jobs lost in the financial sector. In addition, banks have put charges where no charges have been before. So look at your bank statement. Read it careful.
10 SNEAKY BANK FEES LINK (especially #9)
Concerned about fees? Compare our fees to any other bank or credit unions. I think you will agree that we are the best place to have your accounts.
WHY A CREDIT UNION?
Credit Unions are owned and operated by their members, not stockholders. Any residual income, after expenses, is retained in the credit union to 1) make it stronger by setting aside reserves, and 2) to give back to the membership by providing higher deposit rates and lower loan rates. A Credit Union is where people of commonality have an opportunity to pool their money in such a way that they become the mission of the Credit Union; to improve the financial wellbeing of its members and the community it serves. Any and all credit unions have been formed to serve that way. The Florist FCU has been formed to serve the florist industry. Doesn’t it make sense that you should bank with us?