H O L I D AY C LO S I N G SOctober 8th Columbus Day

November 6th Election Day

November 12th Veteran’s Day

November 22nd & 23rd Thanksgiving

December 25th Christmas Day

Any way you look at it, using a so-called “payday lender” is NEVER sound financial advice. Also known as a “cash store,” this type of lender promises quick access to cash—with exorbitant, sky-high rates. Some of these lenders have loan rates as high as 300% ! Compare that to NORSCO’s recently lowered rate of 6% for a personal loan. If you are in a tight situation and maybe feel overwhelmed with bills, please, always come and talk to one of us here at the credit union.

Here’s an example of what a $5,000 loan would look like from a payday lender, compared with a loan for the same

amount from NORSCO:

Remember, a cash store or pay day lender can also impose fees if a payment is ever late or missed. At NORSCO, you are a member and we are always here to listen to you if you are having difficulty with payments. So, do the math before working with a payday lender. It’s a calculated risk you can’t afford!

You Can’t Afford It!Pay Day Lenders AreAlways a Bad Idea

FALL 2012

C/O Norristown State Hospital 1001 Sterigere Street Norristown, PA 19401-5397 Tel: 610-270-1008 Fax: 610-270-1505

ID CHECKIT’S ACCOUNT VERIFICATION TIME

A s fall rolls around and the year begins to wind down, NORSCO takes the time to double check all of your

account information to make sure it is current. Please review your account information—account number, type(s) of account(s), address, phone number(s). If you find ANY discrepancies on our forms, please contact the Supervisory Committee in writing by September 30, 2012.

Please mail your changes to:NORSCO Supervisory Committee3223 Nottingham RoadNorristown, PA 19403

$5000 Loan Payday Lender NORSCORate 116.73% Share Secured 3.00% Unsecured 6.00%Fee $75 $0Monthly 7 Year Term 5 Year TermPayment $486.58 per month Share Secured $87.82 per month Unsecured $94.54 per monthTotal Amount Paid $40,872.72 Share Secured $5,269.20 Unsecured $5,672.40

FEESCredit Union Check $5.00 NSF Check Return $25.00Stop Payment $5.00 ACH NSF Return $25.00ACH Stop Payment $5.00 ATM NSF $25.00Check Copy $3.00 Statement Copy $6.00

PERSONAL LOAN RATES Effective September 4, 2012Personal Loans 6.00% 20% deposit required at time of applicationLoans Secured 100% by Shares – 3.00%Loans Secured by Share Certifica te – 2.5% over current term rateTerm of certificate must be equal to or greater than the term of the loan.

INTEREST RATESEffective February 1, 2011Shares 0.30% 0.30% APYShare Drafts 0.10% 0.10% APYVacation 0.10% 0.10% APYHoliday 0.10% 0.10% APYMoney Mark. 0.75% 0.76% APY

HOME EQUITY LOANS – No Deposit Required 80% Financing1-5 Years Min $5,000.00 Max $25,000.00 3.75%6-10 Years Min $25,001.00 Max $50,000.00 3.95%11-15 Years Min $50,001.00 Max 100,000.00 4.50%

SHARE CERTIFICATESTerm Minimum Balance Rate APY9 mon $500.00 0.65% 0.90% Loss all int for early1 yr $1,000.00 0.75% 0.76% No penalty aft 90 day2 yr $1,000.00 0.85% 0.86% Loss all int for early 3 yr $1,000.00 0.95% 0.96% Loss all int for early4 yr $1,000.00 1.05% 1.06% Loss all int for early5 yr $1,000.00 1.15% 1.16% Loss all int for early

CHILDREN’S CERTIFICATE1 yr $300.00 0.75% 0.76% No penalty aft 90 day

SENIOR CERTIFICATES – age 60 or older1 yr $1,000.00 1.00% 1.01%2 yr $1,000.00 1.10% 1.11%3 yr $1,000.00 1.20% 1.21%4 yr $1,000.00 1.30% 1.31%5 yr $1,000.00 1.40% 1.41%

IRA SHARES & CERTIFICATESUnder $1,000.00 0.74% 0.75% APY$1,000.00-$19,999.00 1.14% 1.15%$20,000.00-$99,999.00 1.24% 1.25%Over $100,000.00 1.40% 1.41%1 yr $500.00 1.00% 1.01% APY3 yr $500.00 1.20% 1.21% APY

NEW AUTO – No Deposit Required – No Refinance(rates as of March 16, 2011)2-5 Years starting as low as 3.00% 6-7 Years* starting as low as 5.24%

USED AUTO – No Deposit Required – 100% of Retail Value(rates as of Sept. 4, 2012)*2010 - 2012 (6 year max) 5.50%2009 (5 year max) 5.00%2008 (4 year max) 4.50%2007 (3 year max) 4.25%

LOAN RATES LOWEREDMembers Save on Personal, Car, HELOC Loans

Speaking of loan rates, NORSCO has low-ered all of our rates. Now is the time to get that car or take care of those home repairs you have been outing off. NORSCO has just lowered its rates for new and used car loans, personal loans and home equity loans. Yes, lowered. Did you know that NORSCO also offers vacation loans? Borrow between $500 and $1,000 at 6.00% for that overdue getaway. If a family member needs a loan, make sure they open a share account here at NORSCO so they can take advantage of these great rates. At right are the rates, effective as

of September 4, 2012:

MAUREEN’S CORNER

Newlywed Needs an Answer Dear Maureen:I recently got married. I wanted to know if I could add my husband to my NORSCO ac-count, and if so, how I would go about doing that? Do I need to close my account and open a new, joint account?--Newlywed in Norristown

Dear Newlywed in Norristown,First of all, congratulations! Yes, of course your husband can be added to your account. It’s simple, and you do NOT need to close your account. Together with your husband, come in with your marriage license and a slice of wedding cake (just kidding about the cake!) and complete an updated membership card. Have your husband bring his driver’s license as well. We welcome him to the NORSCO family!Sincerely,Maureen

FINANCIAL STATSMembers: 2,897

Loans: $7,290,552Shares: $6,219,969

(Money Market, IRAS)

Total Assets: $21,641,696

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* Must borrow more than $20,000.00 in order to qualify