CONNECTIONCUFall2016

In This Issue• International Credit

Union Day

• Back to BASix• Establish & Monitor

Financial Goals

• Help Direct the Future

• Daylight Saving Time Reminder

• Debit Card Information

• Large Cash Withdrawals & Your Safety

• Military Saves

• Holiday Ad

• Holiday Closings

• Recently In Our Community

Earlier, I wrote to you explaining that there would be a number of changes members would see in 2016 as we work to upgrade the products and services your credit union offers. So far, we have introduced the credit union’s new website and online banking services; created the Youth Saves and Military Saves accounts; and changed the way we process debit card

transactions. Each of these projects was an enormously complex process change. As hard as we work to make all of these changes seamless, it doesn’t always work out that way. We know there have been some bumps as these changes were implemented. Our intent is always to do what is in the best interest of our membership over the long term. In some cases these changes are designed to lower cost or to improve efficiency giving members a better product or service. I am certain these changes will give us some of each.

There are still a few more big projects your credit union has in the works. In November, we’re putting in a new phone system. Our main numbers will not be changing but the direct dial numbers for staff will. The staff will know their new numbers in the beginning of November and will provide them to members upon request. Around the end of the year, the credit union is also adding functionality to our website so members can open accounts online without coming to a branch. Finally in January, credit card processing will be brought in house. With this change, members will receive new chip-enabled cards with different VISA card numbers for each cardholder (this will help if one is lost or stolen.) This change will also lower cost and allow us to upgrade the online viewing of transaction information, as well as, make payments with a simple transfer. Your balance will update immediately.

I know that all you want is for your account to work. That’s all I want too. All the changes we have been making are designed to make your life better and we agonize over ways to make these changes as smooth as possible. I apologize for the bumps and promise to continue to work to make future changes as easy as possible.

Bruce A. Six, CEO Feel free to email Bruce at Bruce.Six@NSWCFCU.org.

Back to BASix

We look forward to celebrating International Credit Union Day with all of our members! We want you to join us on Thursday, October 20th, for some free goodies and snacks, learn more about all the valuable member services here at NSWC FCU, and celebrate the qualities that make credit unions unique. We look forward to showing you our appreciation for choosing NSWC FCU as your financial institution!*While supplies last!

Thursday, October 20, 2016Free goodies and snacks!*

Daylight SavingTime ReminderDaylight Saving Time ends Sunday, November 6 at 2:00 a.m. Please remember to set your clocks back one hour before you go to bed Saturday night.

Establish and Monitor Financial Goals

It’s not how much money you make…It’s what you do with the money you make!

It’s a fallacy to equate income with wealth. Someone can literally make millions of dollars in a lifetime, but consume it all through spending, putting nothing aside for wealth accumulation, and end up impoverished.

Financial Goals are your short, intermediate and long-term destinations in life:

� Short-term goals are those things you want to accomplish over the next year or so. Examples include paying off credit card debt, building an emergency fund, saving for a special vacation or new furniture. Because of the short-term nature of these goals, fixed interest savings vehicles are generally your best bet for money set aside to meet short-term goals.

� Intermediate-term goals generally encompass financial needs that you want to meet over the next three to 10 years. Examples can include buying a home, starting your own business and, depending on the age of your children, providing for a college education. Since more time is available to meet intermediate-term goals, a combination of saving and investment vehicles may be appropriate.

� Long-term goals include retirement planning and, again depending on the age of your children, paying for a college education…events that are 10 years or more in the future. With more time to recoup losses from market downturns, money for long-term goals can be invested more aggressively, such as in stocks and equity mutual funds.

Once you decide on your financial goals, a financial plan then becomes your roadmap for reaching those destinations. A financial plan provides the specifics of when and how much you will set aside, as well as how those funds will be invested.

Finally, monitor your financial plan over time. Be prepared to make adjustments as your needs and circumstances change in the future.

Please contact one of the Financial Services Professionals at NSWC Financial Services for a review of your Financial Future (540) 361-2216Securities, investment advisory and financial planning services offered through qualified registered representatives of MML Investors Services, LLC Member SIPC, www.sipc.org Super-visory Office: Overlook 1, 4880 Sadler Road, Suite 110, Glen Allen, VA 23060-6151, Tel: 804-346-1011. NSWC Financial Services is not a subsidiary or affiliate of MML Investors Services, LLC or its affiliated companies – CRN201808-204402* NOT A BANK OR CREDIT UNION DEPOSIT OR OBLIGATION* NOT GUARANTEED BY ANY BANK OR CREDIT UNION* NOT FDIC OR NCUA INSURED* MAY GO DOWN IN VALUE* NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

CONTACT US for your Financial Planning needs:

(540) 361-2216

2004 Augustine AvenueFredericksburg, VA 22401

Hours by appointment

NSWC Financial Services is not a bank or credit union, not insured by any federal government

agency, not guaranteed by any bank or credit union, not FDIC or NCUA insured. May go down in value.

www.NSWCFinancialServices.com

Our Board of Directors is comprised of volunteer Credit Union members. Each year we elect volunteers to serve on our Board. As a member of our Board you can help direct the future of NSWC Federal Credit Union and use your skills to contribute to this mission. There are two volunteer positions up for election this year. If you have the desire and dedication to help, we invite you to submit an application. Applications are available at any Credit Union location beginning October 1, and must be submitted by October 30th to any branch location.

Election results will be announced at the Annual

Meeting in April 2017.

Help Direct the Future

NSWC Federal Credit Union Needs You!

Active or Retired Military, National Guard, Reservists and their dependents

8%APY*

• On the first $500 deposited• No monthly service fees• $1 opening deposit• $1 minimum balance

MILITARY SAVESDEBIT CARD INFORMATIONDuring Business Hours

540.663.2181 or 540.373.5127or 1.877.302.5253

After Hours Lost or Stolen Card1.800.682.6075

After Hours Outsidethe US & Canada

1.260.352.3482 collect

Lost/Stolen Websitewww.reportmycards.com

or 1.877.302.5253

VISA Check Card ActivationTo activate your check card please do a PIN

transaction at any Point-of-Sale machine

Transaction Assistance Line 1.888.526.0404 Hours 24/7

Large Cash Withdrawalsand your Safety

We all love cash, but carrying large sums of money is not safe! At the credit union we are here to protect your hard earned money and we take that job very seriously.

Occasionally, we have members come in to withdraw large amounts of money. We’re talking about thousands of dollars in cash. This is a great security risk for our members. We know that you are excited to buy that new car or boat you have been dreaming about, but it is just not safe to walk around with that much money on you.

We want to remind you that if you need large amounts of money there are other ways to receive your funds. We are able to provide you with a cashier’s check or wire transfer and we have the external transfer option within online banking. These are much safer options.

If you are in need of cash over $10,000, please contact the branch you wish to withdraw from 7 days prior to your transaction and we will be happy to accommodate you!

Membership means...

a carefree holiday season.

*Rates may vary depending on individual credit history and underwriting terms. Promotional rates are only available November 15, 2016 through January 15, 2017. Loan applications received after January 15, 2017 are not eligible for this promotional rate and regular rate of 7.99% APR will apply. Minimum loan amount is $500. Maximum loan amount is $10,000. Monthly payment per $1,000 financed for 36 months is $29.30 at 3.49% APR. Minimum loan term is 12 months. Maximum loan term is 36 months. Refinances of existing loans with NSWC FCU do not qualify for this offer. Membership eligibility required. All Credit Union loan programs, rates, terms and conditions apply and are subject to change at any time without notice. Contact the Credit Union for complete details. Federally Insured by NCUA.

3.49%APR*

as low as

NSWC FederalCredit Union

www.nswcfcuonline.org

Holiday Loans

To qualify for the 8% *annual percentage yield, you must provide a current, valid military ID, accept electronic documents, receive e-statements, and make a deposit at least once per month. If the monthly deposit is not posted, the rate will revert to the current Share savings rate. This special rate remains in effect as long as all requirements are met for the first $500. Balances over $500.00 will earn the regular share savings rate and this rate may change after the account opening. Dividends compounded and credited quarterly. Federally insured by the NCUA.

Membership means...

a carefree holiday season.

*Rates may vary depending on individual credit history and underwriting terms. Promotional rates are only available for personal loan applications received November 15, 2016 through January 15, 2017. Regular rates will apply for applications received after January 15, 2017 Minimum loan amount is $500. Maximum loan amount is $10,000. Monthly payment per $1,000 financed at 3.49% APR for 36 months is approximately $29.30. Minimum loan term is 12 months. Maximum loan term is 36 months. Refinances of existing loans with NSWC FCU do not qualify for this offer. Membership eligibility required. All Credit Union loan programs, rates, terms and conditions apply and are subject to change at any time without notice. Contact the Credit Union for complete details. Federally Insured by NCUA.

3.49%APR*

as low as

NSWC FederalCredit Union

www.nswcfcuonline.org

Holiday Loanspromotional rate

P.O. Box 519 Dahlgren, VA 22448

PRSRT STDU.S. Postage

PAIDCUAdvantage

LocationsDahlgren/King GeorgeNaval Support Activity South Potomac17442 Dahlgren Road

Plaza Branch5472 James Madison Parkway

PHONE NUMBERS(540) 663-2181 Fax (540) 663-5779

FredericksburgAugustine Branch2004 Augustine Avenue

Southpoint Branch5422 Southpoint Plaza Way

PHONE NUMBERS(540) 373-5127 Fax (540) 370-1774

Mailing AddressP.O. Box 519 Dahlgren, VA 22448

Recently in our community…We consider ourselves very fortunate to be part of this incredible community. Recently we have had some great opportunities to support a few of our affiliated organizations in this area.

Knowledge about money and finances at a young age sets a great foundation for a financially stable future. Over the summer we were able to share this knowledge by facilitating weekly financial literacy for King George Parks and Recreation’s Summer Camp.

As you may have noticed on Facebook, our National Dog Day Competition was a success! We

received many photos of our community’s adorable four legged friends and those photos received so many likes that we were able to donate $2,500 to the King George Animal Rescue League and the Fredericksburg Regional SPCA.

To kick off the school year we were able to participate in the YMCA’s Bright Beginnings program again. The Bright Beginnings program brings people from the community together to shop with children for back to school clothes. Local high school athletes and cheerleaders, police and emergency responders and more come out for this event to ensure that the children in our community are prepared and confident for the upcoming school year.

The Credit Union was also able to support back to school events for teachers and students in the counties of King George, Caroline, Westmoreland, Spotsylvania, and Stafford counties.

We have had a great summer and we look forward to a fall filled with more community events!

Holiday ClosingsCOLUMBUS DAY

Monday, October 10, 2016

VETERANS DAYFriday, November 11, 2016

THANKSGIVINGThursday, November 24, 2016

MARTIN LUTHER KING, JR. DAY

Monday, January 16, 2017