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hoursMonday - Friday:

8:30 a.m. - 4:00 p.m.

memBer telePhone serVice516-938-4077

locations777 Old Country Road Plainview, ny 11803

516-938-0300 Fax: 516-938-0311

1490 Franklin Avenue Mineola, ny 11501

516-573-7260 Fax: 516-573-7009

WWW.ncPdfcu.org

FEDERAL CREDIT UNIO

N

NCPD BulletinA PUBLICATION OF THE NCPD FEDERAL CREDIT UNION

SERvINg NCPD mEmBERS AND THEIR FAmILIES SINCE 1940

OPPORTunITy KnOCKSCheck our low mortgage rates

If you’re thinking of buying a home, you’re probably also pondering how much you can afford to spend. Housing costs vary from neighborhood to neighborhood, but the general rule is that your mortgage should cost no more than one-third of your monthly household income. One way you save a lot of money is by getting a great mortgage rate – and we can certainly help you with that.

At nCPD FCu, we have one of the lowest mortgage interest rates around, especially on our 30-year fixed-rate mortgage. So before you take the leap

and sign up with another mortgage lender for the next 15 to 30 years, be sure to check our current rates. Chances are you’ll discover that we offer the best deal – particularly when you factor in the fees and surcharges you’ll pay elsewhere.

Other factors to consider when applying for a mortgage:

• Any current debt you have• your savings goals• Monthly expenses such as groceries, utilities and entertainment• Insurance, property taxes and potential repairs

We have mortgage money to lend, and we’re happy to walk you through getting the mortgage that best fits your dreams as well as your budget.

Inside This Issue:Message from the CEO

Boost your Credit Score

0% Auto Refinancing

Spring Forward with a HELOC

Bulletin Board

Cash Flow for a Vacation Loan

Discover the Credit Union Advantage

Facebook “f ” Logo CMYK / .eps Facebook “f ” Logo CMYK / .eps

follow us on facebook!

vOLUmE 19.2 – SPRINg 2017

See our current low mortgage rates

at www.ncpdfcu.org or call us at 516-938-0300.

InTRODuCInG nEW VACATIOn LOAnS FROM nCPD FCu!

Fixed rates as low as 5% APR*

See details on back cover.

Message from the CEO

A recent story in our local newspaper caught my eye. As I read that police removed two skimming devices from ATMs at area convenience stores, I couldn’t help but think about our message from last issue about the importance of debit and credit card vigilance. What really grabbed my attention was how the skimmers were discovered – by an everyday citizen who always makes it a point to tug on the area around the card insertion at ATMs.

I’m not saying you have to do this, although I do applaud the Good Samaritan who discovered the issue and alerted the police. The message here is to take an active daily role in safeguarding your plastic and your money in general. Thieves don’t take a holiday! Constantly check your accounts to make sure your transactions are indeed yours. Sign up for our text alerts on your checking account withdrawals, and notify us of your out-of-town travels.

And speaking of travel…nCPD FCu has an exciting new opportunity for you. We now offer vacation loans to make it easier for you to enjoy the R&R you deserve! As with all of our loans, our vacation loan rates are extremely competitive, and we certainly have the money to lend. your dream destination is closer (and more affordable) than you think if you just give us a call.

Sincerely,

Peter J. DittkoChief Executive Officer

BOOST yOuR CREDIT SCORETips for your financial well-beingHave you checked your credit score lately? It’s a good practice to regularly monitor your credit report for inaccuracies or things that may be negatively affecting your credit score. AnnualCreditReport.com allows you to obtain your credit report for free annually. And, if you discover your score is lower than you’d like, perhaps due to missed payments or maxed-out credit cards, here are some easy ways you can raise your score:

Know your score

Generally, credit scores range from 300 to 850, depending upon the scoring model. A score around 700

is considered good, while anything above 750 is excellent. A score below 625 is generally considered poor. Create a goal credit score and map out a plan to get there.

Pay down your credit card bills

Pay down your highest-rate card first, and aim to get all balances below 50 percent of your credit limit. Since

33 percent of your credit score is based on the amount you owe, debt reduction is key.

Make all payments on time

Even if you can only afford to make the minimum payment, pay your bills on time. Consistent on-time

payments for only one month can raise your credit score by up to 20 points.

Don’t close old accounts

A part of your credit score comes from how long you’ve had credit, and the longer a card is open, the higher your

score. Keep old accounts open; they can help boost your score and balance out newer lines of credit.

Don’t open new cards that you don’t need

Avoid opening new cards at department stores or gas stations for a one-time promotional discount. new cards

carry 10 percent of your credit score and can bring down the average age of your credit, lowering your score even more.

Don’t be afraid to ask for help

Sometimes credit scores and reports are overwhelming. Please contact us if you’d like to talk in more detail about

your credit and possible steps you could take to improve your score.

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Bulletin Board

Holiday ClosingsMemorial Day: May 29 Independence Day: July 4

IRA contribution

deadline is 4/18/17

SPRInG FORWARD On yOuR PLAnSWith a home equity line of creditWhen we say you can put your home’s equity to work for you, what exactly does that mean? It starts with an understanding of equity, which is the difference between the appraised value of your home and the remaining unpaid principal balance of your mortgage. you can borrow 75% of the appraised value of your home minus

any existing first mortgage balance. Take, for example, a home that is appraised at $400,000 with a first mortgage balance of $200,000. Since

75% of the appraised value is $300,000, you would subtract the first mortgage balance of $200,000 from that to get $100,000 – the maximum amount of equity that you may borrow.

Contrary to common misconceptions, HELOCs are not just for home improvements such as a newly remodeled kitchen. They can be used for almost anything, from consolidating high-interest debts to financing a college education, buying a new boat or traveling the world.

now that warmer weather is on its way back, talk to us about getting the money you need for spring and summer fun with a great rate on a home equity line of credit.

Talk to NCPD FCU about a

vacation loan!

There’s still time to contribute to a Traditional or Roth IRA for 2016 and take advantage of our high dividends.

0% AuTO REFInAnCInGToo good to be true?A 0% financing offer from auto dealers is often not as great as it sounds. The problem with 0% financing is that not every potential car buyer qualifies for this super-low financing. The too-good-to-be-true rate applies to people with very high credit scores, excellent credit records and little or no debt. unless you fall into this category, you may get stuck paying a much higher rate.

you may be surprised to learn that even if you do qualify for 0% financing, it could cost you more in the long run. If the dealer offers you the choice of 0% or a cash rebate, taking the rebate and financing through nCPD FCu will likely be the better route if you want to save money.

Our rates are extremely competitive – in fact, despite recent increases in the prime rate, auto loan rates at nCPD FCu have not gone up at all.* See for yourself by checking our current rates at www.ncpdfcu.org.*As of March 16, 2017; rates subject to change.

And the winner is...Congratulations to Donald and Sharon Korec, the winners of last quarter’s contest. The Korecs’ $25 prize was deposited into their Share Savings Account.

Board of DirectorsPresident

William McHale

Vice PresidentDevin Ross

treasurer/secretaryDennis Barry

directorsJohn Berry

Wayne F. Birdsall Tim Mensch

Pat Rail Robert R. Reed

Wayne Hartmann

director emeritusEdward H. Proctor

Supervisory Committeechairman

Anthony Gambino

Lorraine Hannon Patrick Rail

Credit Committeechairman

Wayne F. Birdsall

Tim Mensch Robert Reed

Administrationchief executiVe officer

Peter J. Dittko

chief financial officerWilliam Mackey

chief comPliance/ oPerations officer

Regina Hassard

comPliance/oPerations suPerVisorKaren Allen-Gomez

mineola Branch managerBetsy Schwabacher

Office StaffBryan BragmanLisa CiangettiPam CollinsKate Josefak

Robert MakleyValerie MassaroSandra MorrisLinda OakleyAlyson Parr

Laura PellechiaMary Ann SullivanPatricia ToscanoMaria Varrichhio

Susan WenzColleen Worrell

E-Z PuZZ EnTRy FORM

J J y Q S u K T L R R C

P E C R T A E P E Q y M

A y T T E S V L A S K H

A X F S I n A L E D n n

D n R u E X E T A O P P

W C R E A T A C I F Q A

G C P T T R T T S S J R

F F I Z W A A E n I L A

V O Q O V C W A R W S D

n H L E A D O y Q G O I

I y K V S L A D n A S S

Q A O V y R I W P P E E

Enter to win $25 cash! Circle the ten words in the puzzle below. They may appear in the puzzle vertically, horizontally or diagonally. Provide your name, address, phone number and email address in the spaces provided, and then return this form to us by mail or in person by May 15, 2017. All correct entries received will be entered in a prize drawing for $25, which will be deposited into the winner’s Share Savings Account. The winner will be announced in the next Bulletin.

VACATIOn LOAnS LOW RATESRELAXATIOn CRuISE SCEnERyPARADISE SAnD WATERJETSETTER

nAME

ADDRESS

PHOnE EMAILDetach and return to 777 Old Country Road, Plainview, ny 11803, ATTn: Marketing Department

CASH FLOWFor wherever you gointroducing neW vacation loans from ncPd fcu!

you work hard all year, so you deserve a getaway – and a great loan. There’s definitely no stress when you come to nCPD FCu for a loan with these benefits:

• fixed rates as low as 5% aPr*• Borrow up to $5,000 for a maximum of 24 months• fast, easy approval process

Ask us how we can get you on your dream vacation.* APR=Annual Percentage Rate. All loans are subject to credit approval and other considerations. Some restrictions may apply.