Nutmeg State Adds Car Buying
ROCKY HILL, Conn.-Nutmeg State FCU has launched an auto buying service it says will save members time, money and hassles. The credit union said its new service will eliminate the high pressure of the negotiation process, get the color and options a member wants on a new used car or truck, and get a good price and avoid dealer fees. Nutmeg said it is further distinguishing itself with an impressive turnaround time on loans.
MACU Adds 'My Money Manager'
WEST JORDAN, Utah-Mountain America CU has introduced "My Money Manager," a free service it said is designed to help embers better manage their money, not just at the credit union. The web-based service securely collects members' financial information from all of their accounts at various financial institutions, brokers and other providers and organizes it in one location to easily track expenses, create budgets, set goals and plan for the future.
My Money Manager also includes innovative graphs such as "bubble" budgets that quickly show spending patterns and areas of concern, better than traditional bar graphs can.
More info: www.macu.com/mymoneymanager.
Credit Union ONE Adds Kids Club
FERNDALE, Mich.-Credit Union ONE has introduced a "Saving Is Fun Kids Club," a youth account geared at children age 11 years and younger. Children who are new or existing members at the CU can join club mascots "The Money Mammals" to learn about saving and spending, all while earning prizes and incentive-based rewards and playing games."
CU ONE has created a microsite for club members that it says includes fun activities, contests, promotions and discounts, as well as tools for parents and teachers to help youngsters develop savings habits.
More info: www.cuone.org/youth
Fibre FCU Part of "Save To Win"
LONGVIEW, Wash.-Fibre FCU here now participates in Save To Win, one of only six CUs in Washington State that are taking part in the savings rewards program.
For every $25 that members deposit into these certificate accounts members are given an entry for a chance to win a grand prize of $5,000 annually; there are 10 chances to win each month.
Save To Win was developed and piloted in Michigan, and now has a footing in several other states, including North Carolina, Nebraska and Washington. All prizes in Washington are underwritten and managed by participating CUs and the Northwest CU Association.
AACFCU Partners With Universit
DALEVILLE, Ala.-Army Aviation Center FCU has partnered with the Troy University Athletic Department to offer members a new Troy Athletic Debit Card.
The card features a photo of the Troy University football team on its face and is the only debit card that is the official debit card of Troy Athletic. There is no charge to order the card, but current AACFCU debit cardholders are being made aware that their card numbers will change when they switch cards.
Loans For Environmentally Conscious
ROCKVILLE, Md.-Energy FCU is offering a variety of products and incentives for members interested in "going green" and helping the environment. Among those new products:
* For those seeking to purchase appliances that are energy-efficient or who want to make energy-efficient improvements to their home, Energy FCU is offering a Green Energy Signature Loan. The low-cost loan features amounts up to $25,000 and terms up to 84 months.
* A Solar or Geo-Thermal System Loan is being offered. The product is a real estate-secured, fixed-rate loan with 5-, 10- or 15-year term and is designed for people installing solar or geo-thermal systems in their homes. The credit union said these purchases may also qualify for a rebate at settlement.
* Energy FCU is encouraging purchases of hybrid and alternative fuel vehicles by offering a full 1% discount off an applicant's qualifying loan rate for such vehicles.
* The credit union said it is also educating members about energy conservation tax credits and rebates offered at the state and federal levels on its website.
Funds To Assist Certain Buyers
MANCHESTER, N.H.-St. Mary's Bank, the nation's first credit union, is offering to cover downpayment and closing costs for income-eligible households.
St. Mary's has been approved for up to $150,000 in funding from the Federal Home Loan Bank's Equity Builder program (EBP). The funds can also be used for homebuyer counseling and rehabilitation assistance.
The EBP provides funds to St. Mary's Bank and other members to assist households with incomes at or below 80% of the area median income. Borrowers must meet program guidelines. Available on a first-come, first-served basis while funds remain available.
