RPI Employees' Federal Credit Union

RPIEFCU Newsletter
January 2013 (Vol. 35 No. 1)

Annual Bus Trip

The annual bus trip this year to New York City was a big success. A great day was had by all.
Thank You, Jacqueline Farmer for organizing this.

Dividend Declared

The Board of Directors has authorized a dividend of 0.25%, 0.2502% APY, for all share balances for the quarter ending December 31, 2012.
1099’s will be mailed in January for all members receiving more than $10.00 in dividends.

Competitive Loan Rates

With the holidays behind us it is an excellent time to consider the many things you could or should be doing, and if they require a few extra dollars up front, the Credit Union may be able to help.

We have the very popular Seasonal Special Loan, up to $1,500 for 12 months at 7%, and the equally popular Manager’s Special Loan, up to $3,000 for up to 18 months at just 7% to 8%! (Not everyone will qualify for the lower rate.) These loans are ideal for:

Debt consolidation. Get out from under all those expensive monthly credit card bills. Reduce your interest rate and lower your monthly payment.
Home Improvement: Time to do those outside projects now before the weather turns cold.
Vacation: A few extra funds may be just the thing to get started on that holiday shopping.

Be sure to look over our rates on vehicle loans, too. Some of the interest rates quoted at the car dealers may sound too good to be true. That is because they are. Consider negotiating the sale price for the car without special dealer-financing, and you may find the bottom-line cost less with the loan through us.
(All credit applications incur a $10.00 pass-through charge for processing a credit report.)

Annual Meeting

The annual meeting and election will be held Wednesday March 13th. More details to follow.

If you are interested in running for the Board of Directors or Credit Committee please submit your name to Sandi Redemann-Butcher.

Supervisory Committee

As a member of the RPI Employees Federal Credit Union you have a right to contact the Supervisory Committee of the Board at any time with questions or concerns by emailing CU-Supervisory@lists.rpi.edu

Account Verficiation

Consistent with Federal regulations, specifically Section 115 of the Federal Credit Union Act, the Supervisory Committee of the Credit Union is required to verify member accounts against credit union records at least once every two years. As part of this account verification process, members are asked to respond if any activity or balances reported on their statements are not accurate.

We are conducting this biannual verification as part of the issuance of the December member statements. If you notice any discrepancies in your account statements you should contact the Supervisory Committee within 10 days of receiving< your statement; Email Mary Alice O’Brien, obriem4@rpi.edu, or speak with her directly at 518276-6106.

Membership Update

Our membership committee is working on some meet and greet days. Do not be surprised to see a table set up in your building with Credit Union members answering your questions and providing information.

If you know anyone who is interested in joining the credit union that would be a good time to stop by and see what we are all about.

More information will be available as the dates and times are firmed up. In the meantime you can always ask JoAnne or Kelli our office staff questions you may have.

Office Closings

The office will be closed on the following dates:
January 21st Martin Luther King Day
February 18th Presidents Day

Contact Us:

If you have suggestions for our newsletter or if there is other information you would like to see in the newsletter contact Eleanor Burns, burnse@rpi.edu we are always looking for articles for the newsletter.

Contact us

(518) 276-6593
(518) 276-6715 fax
313 West Hall, RPI
110 8th Street
Troy NY 12180-3590
Email

Hours

9:00am-2:30pm
(Wed: 11:30-2:30pm)
Exceptions
01/21, MLKJ Holiday
02/ 18, President's Day
05/27, Memorial Day

Events

New York City - 12/1

Member Institutions