the messenger | fall 2008

8/14/2019 The Messenger | Fall 2008

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8.25%*No Annual Fee

*25-Day Grace Period*For an application, visit

www.mortonlanedirect.com

Issue #82 The Credit Union Newsletter Fall

MORTON R. LANE STATE UNIVERSITY FEDERAL CREDIT UNION

whats in this issue Enterprise Used Car Sale Home Equity Programs? Visa Win Win Win Contest Contest Winners Pandemic Planning Holiday Office Closings NCUA Loan Rates Dividend Rates Office Hours & Staff

October 10 11, 2008

9 am to 5 pmEastern Hills Mall Transit Road

Williamsville, NY

6.50% APR(with payroll deduction)

Up to 72 Months Payback

Every member who buys a carduring this sale from Enterprise

AND finances it through thecredit union will receive a

$250 Gas Card!

Are you ready for another Buffalo Winter? Is your house ready? Do you wantto be a snowbird and fly South for a vacation? Be ready with our Home Equity

loan programs. Choose from our fixed-rate at 6.50% or our variable-rate homeequity loan. Our variable rate (based on Prime rate) will never fall below 6.00%

or rise above 14%. We lend out 90% of the equity in your home for both

programs. Your equity is the appraised value minus any home loans/lines ofcredit. Our home equity loans can provide the financial flexibility you need.

You may use the funds for anything, such as home improvements, tuition, or

debt consolidation. Your equity, your funds, your options. Call for more

details and apply today.


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Here are the questions:

1. What is the APR FOR THE 2-DAY ENTERPRISESALE October 10 -11, 2008?

2. What types of home equity loans does the creditunion offer?

3. What do we recommend that all account holders haveduring a pandemic?

4. Your savings are federally insured up to what amountby NCUA?

NAME ______________________________________

ACCT# __________ DAY PHONE ______________

ADDRESS ___________________________________

CITY ______________STATE ______ ZIP _______

EMAIL: _____________________________________Only one entry per member.

Deadline to submit your entry isFriday, November 28, 2008.

Enter to win a $20 Deposit to your Savingsaccount. Heres how to win! Answer thefollowing questions and return the questionnaire toone of our offices or log on to our website atwww.mortonlanedirect.com and navigate to the

forms section.

3 winners will be randomly selected out of allentries which contain all 4 correct answers. Not sureof an answer, dont worry. Read our newslettercarefully. All answers are somewhere in thisnewsletter. The winners will be selected onDecember 1, 2008.

Congratulations!!!Congratulations to the 3 lucky winners of our Springnewsletter WIN WIN WIN contest. Donald Krzeminski,Diane Niespodzinski, and Dawn Greil each won a $20deposit into their savings account.

Pandemic Planni

Remote Acce

to your FundA pandemic is defined as an epidemic ofinfectious disease that spreads through humpopulation across a large region; for instanc

continent, or even worldwide. A disease orcondition is not a pandemic merely becauseis widespread or kills many people. It mustalso be infectious. For instance, cancer isresponsible for many deaths, but it is notconsidered a pandemic because the diseasenot infectious or contagious (Wikipedia).

This article is certainly not intended to scaranyone. In the (unlikely, but possible) evena pandemic, it is important that you have

access to your money.

We are recommending that all account holdhave an ATM or DEBIT card. Most of ourmembers already have one of these cards. order your card, call us or come to one of ooffices or visit our website.

If you have accounts at other financialinstitutions, follow the same advice and getcard to access your account there.

Happy Holidays!

The Credit Union will be Closed

on the Following Holidays!

Monday, October 13, 2008 Columbus DayTuesday, November 4, 2008 Election DayTuesday, November 11, 2008 Veterans DaThursday, November 27, 2008 ThanksgivinThursday, December 25, 2008 Christmas DThursday, January 1, 2009 New Years DayMonday, January 19, 2009 Kings BirthdaMonday, February 19, 2009 Presidents DaMonday, May 25, 2009 Memorial Day

Friday, July 4, 2009 IndependenceDay


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VIP SUPER SAVER

MOVIE TICKETS

$6.00All Ages

No Expiration Date

Perfect Gift for Every Occasion!Available at the Englewood

Avenue Office.

VERTINO PAINTING

Painted for UB Presidents since 1983.

Painted for Junior League show houses.

Wall preparation before Painting:

Repairs cracks, stains and

water damage.

Homes, Offices & Workspaces

Custom Painting

Custom Finishes

Best PaintersBest Prices

Ken Vertino

876-9615

Place your ad here!Call the Credit Union

for details at837-2007.

National Credit Union Association (NCUA)

Share Insurance

The shares in your credit union are insured by the NationalCredit Union Share Insurance Fund (NCUIF), an arm of

NCUA. This share insurance is similar to the depositinsurance protection offered by the Federal DepositInsurance Corporation. (FDIC). This insurance coversSavings (Share), Checking (Draft), Club, and IRAs.

The National Credit Union Administration (NCUA) is thefederal agency that charters and supervises federal creditunions and insures savings in federal and most state-chartered credit unions across the country through the

National Credit Union Share Insurance Fund (NCUSIF), afederal fund backed by the full faith and credit of the UniteStates government.

Here are some important facts to remember

about your share insurance:

Not one penny of insured savings has ever been lost by amember of a federally insured credit union.For Individual accounts the maximum insurance is $100,00per person in one credit union. Joint account ownership

entitles that same person to have additional insurance up tomaximum of another $100,000.

If you have any questions, feel free to call us during businehours. On the web, you can visit www.ncua.gov for moreinformation about the NCUA Share insurance Fund and yocan use the Estimator which appears there to calculate yourinsurance coverage. You may also call the NCUA InsurancCall Center at (800) 755-1030.

Your savings federally insured to at least $100,000and backed by the full faith and credit of the United States Government.

NCUANational Credit Union Administration, a U. S. Government Agency


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Notice From The Supervisory CommitteeDay-to-day account questions should be directed to the Credit Union personnel. If yourproblem is not solved to your satisfaction at the Credit Union office level, direct theseproblems to the Supervisory Committee. The following members of the SupervisoryCommittee are authorized to handle your Credit Union related concerns.

Michael Bondanza (Chair) 833-9670 Khuda HS. Rahman 849-6754 Margarita Vargas 645-6000

HEADQUARTERS388 Englewood Avenue

Buffalo, New York 14223(716) 837-2007

(Please direct all inquiries to this office.)

Mon, Tues, Wed, & Fri 8:00 a.m. - 5:00 p.m.Thurs 8:00 a.m. - 6:30 p.m.

BUFFALO STATE COLLEGE1300 Elmwood Avenue (HA-105)

Buffalo, New York 14222

Mon 8:00 a.m. - 12:00 p.m.Thurs 1:30 p.m. - 4:00 p.m.

Fri 8:00 a.m. - 12:00 p.m.

AMHERST OFFICEState University of New York

North Campus, 326 Crofts HallAmherst, NY 14260

Tues & Fri 1:00 p.m. - 4:00 p.m.

Wed 8:00 a.m. - 12:00 p.m.

ROSWELL PARK OFFICERoswell Park Hospital

Elm & Carlton Streets (Science Bldg. 1927)Buffalo, New York

Mon 12:30 p.m. - 4:00 p.m.Tues & Thurs 8:00 a.m. - 1:00 p.m.

M A T TMember Access Touch-tone Teller

(716) 837-0649

HOME BANKING INFORMATIONwww.mortonlanedirect.com

VISA CREDIT CARD ACCOUNT ACCESS

www.mortonlanedirect.com

[email protected]

BOARD OF DIRECTORSThomas Schroeder. . . . . . . . . . . . . . . . .PresidenLawrence Lane . . . . . . . . . . . . . . .Vice Presiden

Margarita Vargas. . . . . . . . . . . . . . . . . .TreasureRonald Rabin. . . . . . . . . . . . . . . . . . . . .SecretarySusan EarshenMarsha JurkowskiL. Jean Young

OFFICE STAFFJudy Bleichfeld. . . . . . . . . . . . . . . . . . . . . . CEOBonny Chambers . . . . . . . . . . . . . . . . . .ManageAmy K. Kelly . . . . . . . . . . . . . Admin. SecretaryWanda Hasbrouck . . . . . . . . . . . . . Senior TelleCandy Carroll . . . . . . . . . . . . . . . . . . . . . . .TelleRyan Kruse. . . . . . . . . . . . . . . . . . . . . . . . . Telle

Marie Munley . . . . . . . . . . . . . . . . . . . . . . .Telle

FIXED SHARE SECURED LOAN

VARIABLE SHARE SECURED LOAN

NEW AUTOMOBILE (Up to 72 Months)100% of Purchase Price Plus Sales Tax

USED AUTOMOBILE (Up to 60 Months)100% of Purchase Price Plus Sales Tax ORNADA Retail Value Plus Sales Tax

RECREATIONAL VEHICLE

NEW MOTORCYCLE

USED/REFINANCED MOTORCYCLE

PERSONAL LOAN (Up to $20,000)

HOME EQUITY LOAN(Variable Rate)Prime* Minus 1.50% for first 6 Months Floor 6%/Ceiling 14%

FIXED-RATE HOME EQUITY LOAN

VISA CREDIT CARD

HOLIDAY LOAN (Avail. Nov. Dec)

FIRST MORTGAGE

Prime* Plus 0.00%

Prime* Minus 0.50%

5.90%

6.90%

6.50%

7.25%

7.75%

9.00%

Prime* Minus 0.50%Adjusted Quarterly

6.50%

8.25%

Prime* Plus 2.50%

* PRIME RATE AS OF SEPTEMBER 18, 2008, WAS 5.00%.

** ANNUAL PERCENTAGE RATES ARE 1% MORE IF NOT REPAIDTHROUGH PAYROLL DEDUCTION. THIS DOES NOT APPLY TO

VISA, SHARE SECURED, HOME EQUITY OR FIRST MORTGAGE LOANS.ALL RATES, TERMS & FEES SUBJECT TO CHANGE WITHOUT NOTICE!

LOAN RATESAnnual Percentage Rate

with Payroll Deduction **

PRIMARY (REGULAR) SHARES$ 500 TO 1,999.99

$ 2,000 TO 4,999.99

$ 5,000 TO 9,999.99

$ 10,000 TO 19,999.99

$ 20,000 TO 49,999.99

$ 50,000 OR MORE

$100,000 + MORE

INDIVIDUAL RETIRMENT

HOLIDAY CLUB

SHARE DRAFT ($500 or more)

ACCOUNT TYPE

D I V I D E N D N E W S

Annual Percentage Rate

3rd Quarter 2008Annual Yield

3rd Quarter 2008

0.30%

0.50%

1.00%

1.75%

3.00%

3.25%

3.50%

2.50%

1.00%

0.30%

0.30%

\

0.50%

1.00%

1.76%

3.03%

3.29%

3.55%

2.52%

1.00%

0.30%

5.00%

4.50%

5.90%

6.90%

6.50%

7.25%

7.75%

9.00%

6.00%

6.50%

8.25%

7.50%

Rate Formula Rate as of09/18/08

Call 837-2007 for details.

Dividend amounts are calculated on your average daily balance for the quarter and posted on thelast day of each quarter. Accounts must remain open to the last day of the quarter.

the messenger | fall 2008

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