GET FISCALLYFIT IN 2014

REACH HIGHERWITH PICATINNY

Simple Yet EffectiveStrategies

Picatinny Helps You ToGet On Track

Working Together To MeetYour Financial Goals

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THETHEDigest

MONEY SAVINGTIPS

Winter 2014THEDigest

New Beginnings..................................................................2

Dent Your Debt in 2014.......................................................4

The Spring Home Buying Season......................................4

Mobile Banking with Picatinny..............................................3

Get Fi$cally Fit......................................................................5

A New Year Filled With Promise

A Step by Step Guide That Really Works

It’s Right Around the Corner!

Bank From Your Favorite Place. Everywhere!

Community Outreach

2 The Digest WINTER 2014 www.PicaCreditUnion.com

Reach Higher With Picatinny...............................................3Your Goals are our Number One Priority

In Memory of Our Friend and Colleague..........................7

his new year holds promise if we consider it a new beginning.

The start of a new year often is a time of reflection and resolutions to improve or reinvent oneself.

At Picatinny Federal Credit Union, we too are excited about the prospects a new year holds, but our

committment to providing the best banking experience possible to our members remains constant and

steadfast, regardless of how many years go by.

We look with anticipation to continuing to offer you banking products and services that meet your needs

and lifestyle and to support our members and community whenever and however we can.

Picatinny Federal Credit Union would like to wish you a wonderful 2014.

We hope it is everything you want it to be.

T

Seven Money-Saving Tips for the New Year

Giving Thanks Collection....................................................7

New Beginnings...New Beginnings...

Enterprise Used Auto Sales Event.....................................6

Love Your Ride. Again..........................................................6Picatinny Members - Come Celebrate And Save!

Refinance with Picatinny and Start Saving Money Now!

The Digest WINTER 2014 www.PicaCreditUnion.com 3

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MOBILE BANKINGBank From YourFavorite Place.

Everywhere! ith Picatinny’s Mobile Apps, you can stay in touch with your finances no matter where you might be - Anytime, Anywhere. You can check your balances, transfermoney or pay a bill, all from your smartphone, tablet or other mobile device.

Our Mobile BillPay found within your mobile bankingapplication works seemlessly with your Online BankingBillPay you’re already familiar with. Information enteredwithin Online Banking is listed in your mobile bankingapplication so you can pay bills quickly and easily.

Scan to download the mobile app for your device

At Picatinny, helping you to achieve your financial goals is our number one priority. Sometimes your goals may change due to life events. Whether it’s a job change, marriage or buying a home, Picatinny is here to help you stay on track and make your goals a reality – that remains unchanged.

We are committed to offer you value and convenience wherever you are. Whether it’s enjoying banking from the comfort of your home with Online Banking, doingyour banking on the go with our Mobile Banking services, finding a surcharge-free ATM on the road or ordering new checks quickly and easily, it’s easy to see that PFCU’s banking products will save you time and money.

For the times when you’re ready to finance a new or used vehicle, make home improvements, pay college tuition, or take a long overdue vacation, our wide selection of loan products will be sure to meet your expectations, needs and lifestyle.

We value you and your relationship with Picatinny. We are always looking for creative ways to strengthen and grow those relationships. As your financial relationship with us grows, so do the rewards and benefits you’ll receive in the way of discounts on loansand bonuses on savings rates. Our Relationship Rewards Program is our way of saying thank you for your business and your trust in Picatinny.

Picatinny Federal Credit Union will continue to strive to meet your expectations. That is our promise to you.

Reach Higher With Picatinny

The Digest WINTER 2014 www.PicaCreditUnion.com 4

YOUR FINANCES

Dent Your Debt in 2014.Yes, you can do it—Here’s a step-by-step guide to developing a New Year’s debt payment plan that really works.

Get Ready For The Spring Home Buying Season!It may be winter, but spring is just around the corner. If you’ve been dreaming about a new home, there’s no time like now to start thinkingabout the spring home buying season.

At Picatinny, our team of mortgage professionals are here to help you every step of the way. Whether you’re looking to purchase or refinance, we’ve got you covered. Take advantage of Picatinny’s $479 FLAT FEE MORTGAGE PROGRAM*.The Program is a $479 Flat Fee Closing Program for mortgage refinance and a $1,500 flat fee program for New Home Purchases. There are no hidden fees or last minute surprises. You can lower your monthly payments before rates go up.

* Flat Fee Closing Programs are available for single and two-family owner-occupied properties in NJ. Other programs are available for other properties. Flat Fee is non-refundable and Payable upon return of the signed preliminary loan application disclosures. Applicant must use Picatinny Federal Credit Unions (PFCU)

applicants will be responsible for funding interim interest and an escrow account for property taxes and insurance. All applicants with a loan to value over 80% require Private Mortgage Insurance (PMI), which is funded by the applicant. New purchase applicants will also be responsible for survey costs, applicant’s attorney fees and all settlement items between applicant as buyer and seller for the purchase of applicant’s home. Maximum

mortgage with PFCU in the last twelve (12) months is not eligible for this program. To qualify for membership, you must open a savings account with a minimum deposit of $5, which will be funded by PFCU. Applications are subject to credit approval and PFCU underwriting guidelines. Additional terms and conditions may apply. Rates and terms are subject to change at any time.

$479FLAT FEE MORTGAGE PROGRAM*

Sit down at the table with your bills and sort them into “good debt” and “bad debt.” Good debt is a loan to buy something that will gain value, like your house or a child’s education. Bad debt is associated with buying things that lose value, like a car, a refrigerator, or a vacation. You’ll focus on paying off the bad debt first.

Write down how much you owe and the interest rate on each of your loans or credit lines.

If you have a lot of bad debt at relatively high interest rates, see us about a debt consolidation loan. These loans have a fixed interest rate and fixed monthly payments, which may be lower than you’re now paying.

If you don’t go for a debt consolidation loan, chop away at the highest-rate “bad debt” first, paying more than the minimum and making extra payments whenever you can. (This is especially easy if you use our online bill payment service.)

Once you’ve paid off the bill with the highest rate, start whittling away at the next highest debt. Be patient! Slow and steady wins the race.

If credit cards tend to be your downfall, carry a debit card for everyday shopping so you can’t spend more than you have on hand. Keep credit cards in a safe deposit box, so you’ll have to think long and hard before using them.

The Digest WINTER 2014 www.PicaCreditUnion.com 5

M NEY TALK Seven Money Saving Tips

1. Make a Three-Year Plan Think three years out: Where do you want to be financially? It might be to pay off student loans, or credit card debt, or buy an apartment. Figure out how much you will need to achieve it, and then compute how much you will need to save each year, month, and week.

2. Get Organized Run your finances like you run you social life! Set up calendar alerts for your bills. Make a separate email address for your bills so they never get lost in the shuffle. Plan for the year ahead-I do my taxes every January and buy all of my holiday gifts in September.

3. Follow the 50/20/30 Rule Allocate 50 percent of your salary to essentials-rent, groceries, transportation to and from work, and utilities. Put 20 percent to your future-401k, retirement, and freedom fund. 30 percent goes to luxury items – but try to think responsibly about these as well.

4. Prioritize Think about the most valuable places to put your dollars. For example, if your credit card debt costs you 17 percent interest and your savings account only earns you one percent interest, pay off the debt before you focus on saving.

5. Protect Yourself The number-one cause of bankruptcy is being improperly insured. Make sure you have adequate homeowners & renters insurance, disability insurance, and car insurance. People can be so thoughtful about saving a few dollars on things like groceries, but they might have blind spots to the tune of thousands of dollars.

6. Assign Short-Term Deadlines Start out with simple goals and timetables. For example, try to save $1,000. Or say, 'This month, I'm getting life insurance.

7. Go Social Tell people-whether it's your best friend or significant other or your parents about your goals. It's social reinforcement and will help you stick to it.

source: money.com

Try these money-saving tricks in 2014. We know: Your New Year's resolution is to get “toned”, but getting financially fit is almost as popular a resolution as hitting the gym, according to a new study.

GETTING fi$CALLY FIT For 2014

The Digest WINTER 2014 www.picacreditunion.com 6

Love Your Ride. Again.i eres R e A o o wi a e n r br g yo ow ?

nc ay w c y

A A C ed o , We Work o Yo , O Me e

That means we are dedicated to passing along savings to our members in the form of better rates and payments. One way to save money is by refinancingyour high rate auto loan with Picatinny.

Low Payments Some of the most competitive rates around. Affordable payments means more money saved each month. Term Options. A variety of term lengths you can choose from to best fit your needs. Investment Protection. Our guaranteed auto protection(GAP) andmechanical breakdown protection (MBP) to help safeguard your investment.

Stop by any branch or apply online at www.PicaCreditUnion.com

AUTO CENTER ca Memb s

Ce ebra e e e ec cks edAu o S l s ve w Spe a Of e

Special Event Ends January 31, 2014!

Get rates as low as

1.25%APR!And, we’ll offer you Kelley Blue Book®

Trade-In Value for your vehicle.

1

2

Upon used vehicle purchase from Enterprise Car Sales

For more information, visit www.enterprisecarsales.com/cuautorates1: APR=Annual Percentage Rate. Rates as low as 1.25% APR for 60 months. $17 20 per $1,000 borrowed. This is a buy down rate. The amount of the buy down will not affect the price of the vehicle. 100% Financing available including Tax, Title and License. Financing for qualified Picatinny Federal Credit Union members. Not all buyers will qualify. Actual rate may vary based on credit worthiness. Offer valid only on Enterprise Car Sales vehicles. Offer valid from 12/1/13 – 1/31/14. No other discounts apply. 2: January 1, 2014 thru January 31, 2014 Trade-in values obtained from ©2014 Kelley Blue Book Co.’s website KBB.com.Blue Book Trade-in Value is based on accurate condition rating and mileage of vehicle. Accurately appraising the condition ofthe vehicle is an important aspect of determining its Blue Book Trade-in Value. If a Blue Book Trade-in value is not available foryour vehicle Enterprise will provide a fair and competitive value for customer’s vehicle. Customer is responsible for any extent vehicle pay-off exceeds Enterprise offer. Customer must provide required proof of ownership/registration and all other necessary paperwork to transfer ti le. Restrictions apply. For details, see an Enterprise Car Sales Manager. Offer void whereprohibited including Alaska, California, Kentucky, Louisiana, Nebraska, South Carolina, Texas and Wisconsin. Offer only valid on one trade-in for each Enterprise vehicle purchase. Offer valid 12/1/13 – 1/31/14. This offer cannot be combined with any o her offer. The “e” logo, Enterprise, and “Haggle-free buying. Worry-free ownership.” are trademarks of Enterprise Holdings, Inc. All other trademarks are the property of theirrespective owners. © 2013 Enterprise Car Sales.

up to 60-month term

EQUALOPPORTUNITY

LENDER

www.PicaCreditUnion.com - (973) 361-5225

The Picatinny Federal Credit Union Digest ispublished quarterly by the Picatinny FederalCredit Union – Karen Morano, Editor

Comments? Please write to:The Supervisory Committeeof Picatinny Federal Credit UnionP.O. Box 414Wharton, New Jersey 07885

Board Of Directors

ChairmanVice-ChairTreasurerAssistant TreasurerSecretaryDirectorDirectorDirectorDirectorDirectorDirectorAssociate DirectorAssociate Director

Joe ShiposhNancy Mueller-DavisJay DeckerMark SauvageauJoe CarrollGeorge CherenackValerie MorganKim JonesDavid LeeGary CaltobilottaJohn DoonanWilliam CrepeaultThomas Regner

Supervisory CommitteeCommittee MemberCommittee MemberCommittee MemberCommittee Member

Dominick MoreoKim JonesRosario LocascioFrank Cautero

Credit CommitteeCommittee MemberCommittee MemberCommittee MemberCommittee Member

M. David AhmadFrank CauteroAndrew HarderGordon Winch

President & CEO Bill Darling

Locations & HoursRockaway Branch Office100 Mineral Springs DriveDover, NJ 07801Phone: (973) 361-5225Office Hours:Mon-ThuTue-Wed-FriSat 9:00-NoonATM

Mt. Olive Branch Office10 International Drive SouthFlanders, NJ 07836Phone: (973) 361-5225Office Hours:Mon-Tue-Wed-FriThu 8:00-6:00Sat 9:00-NoonDrive-Up Hours:Mon-Tue-Wed-FriThu 8:00-6:00Sat 9:00-NoonATM

Arsenal Branch Office(Restricted Access)ARDEC Building 30 SouthPicatinny Arsenal, NJ 07806Phone: (973) 361-5225Office Hours:Mon-Tue-Wed-FriThu 8:00-6:00ATM

Denville Branch Office340 E. Main StreetDenville, NJ 07834Phone: (973) 361-5225Office Hours:Mon-Tue-Wed-FriThu 8:00-6:00Sat 9:00-NoonDrive-Up Hours:Mon-Fri 8:00-6:00Sat 9:00-NoonATM

Branch Office - Holiday Schedule

New Year’s Day - Wednesday, January 1, 2014 Martin Luther King Jr. Day - Monday, January 20, 2014

President’s Day - Monday, February 17, 2014

8:00-6:00 8:00-3:30

8:00-3:30

8:00-5:00

8:00-3:30 8:00-3:30

Lou Hassell, 83, passed away December 13th, 2013. Lou served in the Army from 1948 to 1952. He began working at Picatinny Arsenal in 1948 as an engineer/ research analyst. He retired from PM CAWS in 1988 and later served as a consultant. Lou was also an active volunteer in the Picatinny Federal Credit Union for over 40 years. He served as President/Chairman for 5terms, Executive Vice President for 3 terms, Treasurer for over 7 years, and on countless committees as chair and member. He served most recently on the Supervisory Committee from which he resigned on October 21, 2013. As a volunteer, Lou was a man of superlatively high standards, integrity, and enthusiasm. He was a gentleman whose genial personalityand generous nature will be truly missed. There is no way ofknowing how many Picatinny credit union members Lou helped with the literally thousands of hours of volunteer workthat he performed.Lou will be greatly missed by his friends and colleagues. May he forever rest in peace.

IN MEMORY OF OUR FRIEND AND COLLEAGUE

The 2013 Giving Thanks Program collected donations for the Mt. Olive, Rockaway Township and Rockaway Borough Community Food Banks. The 2013 food drive, which was organized by Cynthia Lounsberry, PFCU Administrative Assistant, provided food for the holidays and helped restock the Food Closet’s pantry for future needs. Thanks to the generosity of both members and employees, this year’s Giving Thanks Program was a great success.

our community.

2013 GIVING THANKS COLLECTION

This Credit Union is federally insured by the National Credit Union Administration.