Talk A PUBLICATION FOR MEMBERS 1ST OF NJ FEDERAL CREDIT UNIONMoney

WINTER 2017

Consolidate and Save Get Financially Fit with Members 1st.

*APR=Annual Percentage Rate. Rate based on creditworthiness of individual applicant and subject to change without notice.This offering is not a guarantee of credit, application and approval is required. Offer may be ended or changed by Members 1st of New Jersey FCU without notice. Transfers must come from credit cards at another institution. Transfers from an existing Members 1st Visa are not eligible. 5.75% rate applies to transfers only, regular rates apply for card purchases. Rates are subject to change, please call 856-696-0767 to verify rates, dates and other information.

**APR=Annual Percentage Rate. Rates shown are for qualified borrowers. Borrow up to 80% of the current market value of your home, less any outstanding liens. Rates shown are for qualified borrowers and subject to credit score, age of collateral, and term. Contact the credit union for the complete details.

After Christmas Loan and other special loan rates valid now through March 31, 2017. Applications must be in by March 31, 2017, so apply today.

HOME EQUITY LOANS

3.75% No Closing Costs! Terms up to 20 yearsAPR**

RATES AS LOW AS

PERSONAL LOANS

7.45% Borrow up to $10,000 or more for up to 60 monthsAPR*

RATES AS LOW AS

AFTER-CHRISTMAS LOANS

6.45% Borrow up to $2,500 for 18 monthsAPR*

RATES AS LOW AS

VISA®

5.75% No Transfer Fee

and Rate Stays the Same For the Life of the Balance Transfer

BALANCE TRANSFER OFFER

APR*

NEW YEAR NEW YOU

FIVE FINANCIAL RESOLUTIONS WE RECOMMEND FOR 2017:1 Set a budget and stick to it. Take a careful look at your finances and develop a budget that works for you. This may

mean spending less and saving more.

2 Pay down debt. Keep your debt manageable and develop a plan to consolidate and reduce your debt.

3 Save more. Make an effort to increase your savings by incorporating a savings plan into your monthly budget. This also includes retirement planning and investing.

4 Set aside an emergency fund. You never know when that rainy day will be here, when life brings you the unexpected. Plan now for any financial emergency.

5 Learn more about finances. Make it your goal to learn all you can about bettering your finances for the New Year. Talk to your credit union representative about savings plans and debt consolidation loans.

Debt-to-Income Ratio Comparing your earnings against your spending, also known as a debt-to-income ratio, is one of the most popular approaches for evaluating if you have too much debt. For years, lenders have looked at debt-to-income ratios to get a better grasp on a person's current financial picture to determine credit-worthiness.

Use this calculator to calculate your debt-to-income ratio.Debt ÷ Income = Debt to Income Ratio

Now that you have calculated your debt-to-income ratio, understanding what it means to you is the next step.

36% or less: This is an ideal debt load to carry for most people. Showing that you can control your spending in relation to your income is what lenders are looking for when evaluating if you are credit-worthy.

37% to 42%: Your debts still may seem manageable, but start paying them down before they begin to spiral out of control. At this level, credit cards still may be easy to obtain, but acquiring loans may be more difficult.

43% to 49%: Your debt ratio is high and financial difficulties may be looming unless you take immediate action.

50% or more: Seek professional help to make plans for drastically reducing your debt before it becomes a real problem.If you're concerned about your credit management, ask someone at your credit union for guidance or for referral to a credit counseling agency.

Provision of this calculator is not an offer of credit. Its use in no way guarantees that credit will be granted. This calculator is solely for informational purposes and provides reasonably accurate estimates; the calculations are not intended to be relied upon as actual loan computations.

Direct Deposit Your Tax Refund for Fast AccessWhen you select Direct Deposit on the 1040 tax form, your refund is electronically deposited directly into the credit union account of your choice (Checking or Savings).

Get Financially Fit with Members 1st After the holiday season, many of us are overwhelmed with too many bills. Why not combine them into one single payment? Get financially fit with Members 1st by consolidating your bills into a single payment, and maximize your savings by taking advantage of our low loan rates. Use the equity in your home to consolidate and save with a home equity loan or home equity line of credit, or take advantage of a personal or after-Christmas debt consolidation loan during our New Year New You loan event.

Whatever the need, we have the right loan for you. You can also transfer balances from your credit cards at other institutions to a new or existing Members 1st VISA and take advantage of our special balance transfer rate. You will benefit from low rates and convenient credit terms.

As always, we are here to serve you.

Eileen Crean President/CEO

DO NOT FILEJuly 29, 2015

DRAFT AS OF

Form 1040 (2015) Page 2

Tax and Credits

38 Amount from line 37 (adjusted gross income) . . . . . . . . . . . . . . 38

39a Check if:

{ You were born before January 2, 1951, Blind.

Spouse was born before January 2, 1951, Blind.} Total boxes

checked ▶ 39a

b If your spouse itemizes on a separate return or you were a dual-status alien, check here ▶ 39b

Standard Deduction for— • People who check any box on line 39a or 39b or who can be claimed as a dependent, see instructions. • All others: Single or Married filing separately, $6,300 Married filing jointly or Qualifying widow(er), $12,600 Head of household, $9,250

40 Itemized deductions (from Schedule A) or your standard deduction (see left margin) . . 40

41 Subtract line 40 from line 38 . . . . . . . . . . . . . . . . . . . 41

42 Exemptions. If line 38 is $154,950 or less, multiply $4,000 by the number on line 6d. Otherwise, see instructions 42

43 Taxable income. Subtract line 42 from line 41. If line 42 is more than line 41, enter -0- . . 43

44 Tax (see instructions). Check if any from: a Form(s) 8814 b Form 4972 c 44

45 Alternative minimum tax (see instructions). Attach Form 6251 . . . . . . . . . 45

46 Excess advance premium tax credit repayment. Attach Form 8962 . . . . . . . . 46

47 Add lines 44, 45, and 46 . . . . . . . . . . . . . . . . . . . ▶ 47

48 Foreign tax credit. Attach Form 1116 if required . . . . 48

49 Credit for child and dependent care expenses. Attach Form 2441 49

50 Education credits from Form 8863, line 19 . . . . . 50

51 Retirement savings contributions credit. Attach Form 8880 51

52 Child tax credit. Attach Schedule 8812, if required . . . 52

53 Residential energy credit. Attach Form 5695 . . . . . 53

54 Other credits from Form: a 3800 b 8801 c 54

55 Add lines 48 through 54. These are your total credits . . . . . . . . . . . . 55

56 Subtract line 55 from line 47. If line 55 is more than line 47, enter -0- . . . . . . ▶ 56

Other Taxes

57 Self-employment tax. Attach Schedule SE . . . . . . . . . . . . . . . 57

58 Unreported social security and Medicare tax from Form: a 4137 b 8919 . . 58

59 Additional tax on IRAs, other qualified retirement plans, etc. Attach Form 5329 if required . . 59

60 a Household employment taxes from Schedule H . . . . . . . . . . . . . . 60a

b First-time homebuyer credit repayment. Attach Form 5405 if required . . . . . . . . 60b

61 Health care: individual responsibility (see instructions) Full-year coverage . . . . . 61

62 Taxes from: a Form 8959 b Form 8960 c Instructions; enter code(s) 62

63 Add lines 56 through 62. This is your total tax . . . . . . . . . . . . . ▶ 63

Payments 64 Federal income tax withheld from Forms W-2 and 1099 . . 64

65 2015 estimated tax payments and amount applied from 2014 return 65If you have a qualifying child, attach Schedule EIC.

66a Earned income credit (EIC) . . . . . . . . . . 66a

b Nontaxable combat pay election 66b

67 Additional child tax credit. Attach Schedule 8812 . . . . . 67

68 American opportunity credit from Form 8863, line 8 . . . 68

69 Net premium tax credit. Attach Form 8962 . . . . . . 69

70 Amount paid with request for extension to file . . . . . 70

71 Excess social security and tier 1 RRTA tax withheld . . . . 7172 Credit for federal tax on fuels. Attach Form 4136 . . . . 72

73 Credits from Form: a 2439 b Reserved c 8885 d 73

74 Add lines 64, 65, 66a, and 67 through 73. These are your total payments . . . . . ▶ 74

Refund

Direct deposit? See instructions.

75 If line 74 is more than line 63, subtract line 63 from line 74. This is the amount you overpaid 75

76a Amount of line 75 you want refunded to you. If Form 8888 is attached, check here . ▶ 76a▶

▶

b Routing number ▶ c Type: Checking Savings

d Account number

77 Amount of line 75 you want applied to your 2016 estimated tax ▶ 77Amount You Owe

78 Amount you owe. Subtract line 74 from line 63. For details on how to pay, see instructions ▶ 7879 Estimated tax penalty (see instructions) . . . . . . . 79

Third Party Designee

Do you want to allow another person to discuss this return with the IRS (see instructions)? Yes. Complete below. NoDesignee’s name ▶

Phone no. ▶

Personal identification number (PIN) ▶

Sign Here Joint return? See instructions. Keep a copy for your records.

Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

Your signature Date Your occupation Daytime phone number

Spouse’s signature. If a joint return, both must sign. Date

▲

Spouse’s occupation If the IRS sent you an Identity Protection PIN, enter it here (see inst.)

Paid Preparer Use Only

Print/Type preparer’s name Preparer’s signature Date Check if self-employed

PTIN

Firm’s name ▶

Firm’s address ▶

Firm's EIN ▶

Phone no.

www.irs.gov/form1040 Form 1040 (2015)

Student Scholarships Available-Deadline March 31, 2017 Members 1st is taking part in the New Jersey Credit Union League’s Youth Involvement Board’s statewide scholarship program.

If you’re a high school senior and member, you can apply! The scholarship will award $1,000 to the winning student and their chosen accredited educational institution.

Judging will be based on academic performance, extracurricular activities, community service, and leadership roles. Fill out the application and email it to Jayne Headley jheadley@membersonenj.org by March 31, 2017. Good luck!

File your taxes the smarter way and save on TurboTax!Members 1st FCU members can save $5 off the TurboTax® federal Deluxe edition. TurboTax translates taxes into simple questions about your life, so you don’t need tax knowledge – or an appointment – to get your taxes done right. TurboTax SmartLook™ even connects you with an expert live, on-screen so you can get answers when you need them. Start TurboTax today and save!

State filing charges apply. Limited time offer for TurboTax 2017. Terms, conditions, features, availability, pricing, fees, service and support options subject to change without notice. Intuit, TurboTax and TurboTax Online, among others, are registered trademarks and/or service marks of Intuit Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of their respective owners. Visit http://turbotax.intuit.com/lp/yoy/guarantees.jsp for TurboTax product guarantees and other important information.

CONVENIENCE Services We Provide For You 24/7 Home Banking With Members 1st Virtual Branch Home Banking, you can access all of your credit union accounts online anytime of the day or night from your computer or mobile device. You can check balances and verify transactions, transfer funds between accounts, pay bills, use Popmoney, and make loan payments, deposit checks and more.

Check Free Bill Pay Pay your bills the quick and paperless way with your credit union accounts through our Bill Payer.

Mobile Banking It’s easy, fast and secure. Sign up by logging into home banking and choose the “Go Mobile” icon to get started. You can check balances and verify transactions, transfer funds between accounts, pay bills, use Popmoney, and make loan payments, deposit checks and more.

VISA Debit Cards Members 1st debit cards gives members access to their money 24 hours a day at a network of surcharge free CO-OP ATMSs nationwide.

Co-Op Shared Branches Members 1st FCU is a member of the CO-OP Shared Branch SM network. The network includes over 5,000 credit unions and self-service locations where you can access your accounts and conduct many of the same transactions you do at our office locations. SIGN UP

TODAY!

Recreated PMS

Get a $100 Cash Reward for Every New Line This new exclusive cash rewards offer is our best one EVER! Now, as a credit union member, you can earn $100 for every line when you switch to Sprint®.

Here’s how it works:

• Members get a $100 cash reward for every new line when you switch to Sprint®. • Current Sprint customers will receive a $50 cash reward for every line transferred into Sprint Credit Union

Member Cash Rewards.• Plus, get a $50 loyalty cash reward every year for every line

Here’s how to sign up for Sprint cash rewards:

1. Become a Sprint customer2. Register at LoveMyCreditUnion.org/SprintRewards or in the Love My Credit Union Rewards® app3. Allow up to six to eight weeks to see cash rewards directly deposited into your credit union account!

Make the switch today and save with the Sprint Credit Union Member Cash Rewards!

Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.

EqualOpportunityLENDER

Vineland Office37 West Landis AvenueVineland, NJ 08360

Phone: 856-696-0767Fax: 856-696-3579

Woodstown Office9 North Main StreetWoodstown, NJ 08098

Phone: 856-769-3452Fax: 856-624-4144

Bridgeton/Hopewell Office654 Shiloh Pike, Unit GBridgeton, NJ 08302

Phone: 856-453-9094Fax: 856-378-7933

PRSRT STDU.S. Postage

PAIDWilkes-Barre, PA

Permit #413

WINTER 2017

Holiday Closings Martin Luther King DayMonday January 16, 2017

President’s DayMonday February 20, 2017

Annual MeetingAnnouncement

Join us for this information session.May 23, 2017 at 6:00 pm