July 2016A Quar ter ly Pub l ica t ion o f

V i rg in ia Educators Cred i t Un ion

Good GradeDrawingCongratulations!

These winners from the previous grading period received $25 deposited into their

Loot Owl/Youth accounts!

Lucas Huck Yates Elementary

Alexander Gunn Achievable Dream Academy

The Good Grade Drawing rewards A, B, S, & E grades for elementary, middle,

and high school student members each grading period. To enter, just drop off a copy of your student’s report card to any VECU office after the next grading period.

Two students win each grading period!

Summer!Great

Rateswith

thisRelax

New and Used Vehicle Loan

1.89% APR!**RATES AS LOW AS

3.50% APR!*

Home Equity LoanRATES AS LOW AS

*APR= Annual Percentage Rate. Rate terms and restrictions may apply. Refinance rate does not apply to existing VECU loans. Used vehicle loan rates as low as 2.99% APR on 2010 vehicles and older. Home Equity loan rate is not an official loan estimate. There is no substitute for an official loan estimate form. Limited time offer. **For example, for a $20,000 new vehicle loan for a term of 60 months with a 1.99% APR, the monthly payments will be $351.

Visit www.vecu.org or call 757.930.2425, option #2 to apply for a loan today!

Save even more when you REFINANCE YOUR VEHICLE

from another lender with RATES AS LOW AS

1.59% APR!*

Plus, receive up to $500 towards closing costs!

This year Virginia Educators Credit Union provided Student Credit Unions programs at Yates and Richneck Elementary Schools. Students participated in the program as “Junior Tellers” accepting deposits from their classmates and teachers. The program is intended to give students work experience to teach them valuable career skills and reinforce the importance of starting a positive savings habit at an early age.

The Junior Tellers and student depositors who participated in the program were recognized at an award ceremony at the end of the year where they were encouraged to continue the positive savings habits they had learned from the student credit union. If you are interested in starting a student credit union program at your school, or scheduling a classroom, faculty, or PTA presentation on a variety of financial subjects, please contact VECU at 757.930.2425 ext 953 or email us at financialliteracy@vecu.org for this free service.

Honoring Academic Success

Virginia Educators Credit Union supported this year’s NNPS Salute to Success Student Recognition Event as an “Academic Superstar”

sponsor. The top two high school students in each grade level in Newport News Public Schools were honored along with the National Merit and National Achievement Scholarship Program Honorees. Sponsorship for the Salute to Success also includes

funding for Teacher Mini Grants that are awarded for innovative classroom projects and the Wayne D. Lett Scholarship program that provides support for students pursuing a career in teaching.

Virginia Educators Credit Union wants our youth members to learn the importance of saving at an early age! That’s why we are proud to continue to offer VECU’s Summer Savings Challenge! Youth members (under the age of 18) who make a deposit into their savings account during the month’s of July or August will be entered into a drawing for a chance to win a $25 deposit into their savings account! Make a deposit in both July and August for double the chances of winning. It pays to save at VECU! Make a deposit into your youth savings account this summer and you will be automatically entered into a drawing held in September for a chance to win!

HOLIDAY CLOSINGS:

INDEPENDENCE DAY Monday, July 4th

LABOR DAY Monday, September 5th

COLUMBUS DAY Monday, October 10th

(Staff training day)

Elementary Student Credit Union

Year End Celebrations

Congratulations to all the 2015-2016 Salute to Success Honorees!

VECU’s YOUTH

C H A L L E N G E

SummerSavings

© CUAdvantage • 877.799.0784

The Educated Financial ChoiceN E T T L E S D R I V E O F F I C E

12626 Nettles Drive, Newport News, VA 23606

M A I N S T R E E T O F F I C E812 Main Street, Newport News, VA 23605

L O B B Y H O U R SMON, TUE, THU 9:00 a.m. - 5:00 p.m.

WED 10:00 a.m. - 5:00 p.m.FRI 9:00 a.m. - 5:30 p.m.

D R I V E - T H R U H O U R SMON 9:00 a.m. - 5:30 p.m.TUE 9:00 a.m. - 5:00 p.m.

WED 10:00 a.m. - 5:00 p.m.THU 9:00 a.m. - 5:00 p.m.FRI 8:00 a.m. - 6:00 p.m.

Main Number: 757.930.2425Toll-Free Number: 800.930.2425

Audio Response: 930.2425 (Opt. 1)Loan By Phone: 930.2425 (Opt. 2)

CREDIT UNION SERVICE CENTERS5028 George Washington Hwy., Yorktown, VA 23692

3711 Huntington Ave., Newport News, VA 23607 NEW! 110 Cybernetics Way, Yorktown, VA 23693

1317 Patton Ave., Fort Eustis, VA 236042369 George Washington Hwy., Hayes, VA 23072

9155 Seabee Rd., Norfolk, VA 235055885 Harbour View Dr., Suffolk, VA 234352445 Taylor Rd., Chesapeake, VA 23321

5624 Portsmouth Blvd., Portsmouth, VA 237014171 Ironbound Rd., Williamsburg, VA 23188

FOR OTHER SERVICE CENTER LOCATIONSwww.vecu.org

ATM LOCATIONS12626 Nettles Drive

812 Main StreetCNU David Student Union

CNU Freeman CenterCNU Trible Library

CU24 LOCATIONSVisit www.vecu.org to find a location nearest you.

WEBSITEwww.vecu.org

Federally Insured by NCUA up to $250,000.

Debit and credit cards are very convenient and safe ways to conduct transactions without the worry of carrying cash. However, even with safeguards in place, fraudulent activity may still occur. Here are a few important reminders used to help protect your account and personal information:

© VECU uses a fraud monitoring service, Falcon, to constantly monitor member accounts.

© Falcon may call members from the same number on the back of your debit/credit cards with suspicious activity on their account to verify transactions (this can happen outside of VECU’s normal business hours).

© Neither Falcon or VECU will contact you asking for your personal information.

© Keep your card in a secure place at all times and notify VECU immediately if it is lost or stolen. If your card is misplaced after VECU operating hours, visit vecu.org/contact-us.

© Do not carry your Personal Identification Number (PIN) with you or share it with anyone. Keeping it in your memory is the best alternative.

To further help protect your personal information and credit file, schedule a free credit analysis with the credit union this summer!

Summer Reserve and Vacation Savings Accounts are savings programs that are available to all VECU members as convenient ways to set aside money for all your summertime needs.

The Summer Reserve Savings Account is specifically designed to benefit 10-11 month school employees to ensure income during the summer months. However, the Vacation Savings Account is designed for any member who wants to save a little extra throughout the year to help make their special vacation plans a reality!

Don’t worry if you haven’t had an opportunity to save for your family vacation this year. We may be able to help you get away when you apply for a VECU Vacation Loan. We offer rates as low as 8.79% APR*, and terms up to 42 months. Apply today at www.vecu.org!

* APR= Annual Percentage Rate. Based on credit worthiness. Other restrictions may apply.

Summer Savings and Vacation Loans

Take A “Vacation” From Your BillsWITH OUR SUMMER SKIP-A-PAYMENT!Offered to members during the summer months, you may skip one loan payment* in July, August, or September. The Skip-A-Payment program allows you to miss one month’s loan payments without any penalties or late fees. This is just another great member benefit from VECU! Pick up a “Summer Skip-A-Payment” form at any of our convenient offices or download a copy at www.vecu.org and return your form to a credit union office. There is a $25 fee for this service. Online forms may be found by selecting “Resources” from the top menu and then selecting “Applications and Forms.” Completed forms must be submitted prior to your due date in the month the payment will be skipped.

* Not all loans qualify. Interest will continue to accrue. Other restrictions may apply.

We all look forward to summer with the warmer temperatures, and a break from our regular routines. In fact, for many of our members in the educational field, students, and parents, the summer signifies the end of many hours of hard work during a busy school year. Enjoy this well-deserved break! No matter what your summer plans might include, your credit union is here ready to help with any of your financial needs.

This summer is full of savings opportunities at your credit union. Currently we are offering special loan rates on vehicle refinances from other financing sources, and the same low rates for both new and used vehicles. We will be happy to help you locate a particular vehicle and provide the listed value before you visit a dealership so that you can make an informed decision. Also, we will be delighted to provide you with the assessed value of your home to assist in your equity loan or mortgage refinance research, with up to $500 paid in closing costs. Additionally, non-variable low rate credit cards are available for convenient and secure purchases or balance transfers from higher rate cards. You may apply 24/7 by phone, or visit our website at www.vecu.org and apply online to begin a convenient loan application process today.

We will also be introducing a new and enhanced free Bill Pay program in mid-August and encourage you to take advantage of this convenient and secure bill payment method. You will continue to select the date you require for payment, but as an added convenience this service will be within our Internet Branch (Moneylink) and not require a separate username and password. For those of you currently enrolled in Bill Pay, you will need to re-register any bills to be paid after August 15th into the new program. You may visit our website for more information on this enhanced service available to all members.

We also encourage and invite members to make a “Summer Resolution” to make a free appointment with a credit union representative to review your credit report, or safely establish first time credit. It is important to review your credit report to ensure that there are no reporting mistakes. Your three-digit credit score is always changing and is affected by various factors such as payment trends, capacity, and length of credit history. Prior financial challenges can adversely affect a credit score; however, all scores can be improved with a plan in place. Allow us to explain the areas of your credit report, and offer advice if needed for score enhancement or how to safely establish first time credit for new graduates. We want to help you pay as little as possible for all of your financing needs which are determined by your score. Call or stop by one of our offices this summer and see how we can help you make the “educated” financial choice. We hope you have a wonderful and safe summer!

Sharon G. Conti, CPA, CGMA President/CEO

VECU’s Mobile AppVECU’s free mobile app is available for download in the App Store or Google Play. This makes it easier than ever to check your account balances, review your account history, remote deposit checks*, and transfer funds! Manage your finances anywhere, anytime with the mobile app from VECU!

Questions? Contact us at vecu.org/contact-us or (757) 930-2425.

*Remote deposit access will be based on a member’s credit worthiness and relationship with the credit union. Not all members qualify. Limitations on deposit amounts and check holds may apply. Contact the credit union for more information.

Savings AccountTRANSACTION REMINDER: Regulation D (Reg D) is a federal law that limits the number of transfers and withdrawals that you may make from Savings (Prime Share) and Club Accounts to a Checking Account or to a third party. According to Regulation D, you may not make more than six (6) pre-authorized, automated, or telephone transfers/ withdrawals from these accounts each month. Any transaction request that is received after you have reached your limit of six transfers or withdrawals must be rejected. The regulation was established to prevent consumers from using interest bearing accounts as transaction or checking accounts. To learn more about this regulation and how it might affect you, visit www.vecu.org/regulation-d/.

Credit Union Shared Branch Locations

As a VECU member you may complete:

• DEPOSITS• WITHDRAWALS• LOAN PAYMENTS• ACCOUNT TRANSFERSby using a shared branch location nationwide. These locations allow you to conduct transactions just as if you were at a VECU branch. All you need to take advantage of these facilities is your account number and valid government-issued photo identification. To find your nearest credit union service center, go to vecu.org/about-us/locations-hours-atms.

Debit and Credit Card FRAUD REMINDER

Have you heard about VECU’s enhanced online Bill Pay? All members are eligible for this free service to save you time, money, and frustration. The FREE upgraded Bill Pay, will begin August 15th, allowing members to use the service directly from their VECU Moneylink account, no longer requiring a separate username and password. Members will have to re-enter their creditors information, but these enhancements will be worthwhile! The members who enjoy this service can:

• Pays bills online• Select date of payments• Schedule recurring payments• Send personalized cards for special occasions with

check gifts• Make secure payments directly from your checking

account

Current users: in preparation for the transition, please be sure to save your payment history for your personal records and do not schedule any payments in the current system for after August 15th.

If you aren’t already a user, visit vecu.org/bill-pay to enroll AFTER August 15th! Keep an eye on our website for a demo on how to use the new Bill Pay!

Bill Pay ServicesA V A I L A B L E August 15th

© CUAdvantage • 877.799.0784

The Educated Financial ChoiceN E T T L E S D R I V E O F F I C E

12626 Nettles Drive, Newport News, VA 23606

M A I N S T R E E T O F F I C E812 Main Street, Newport News, VA 23605

L O B B Y H O U R SMON, TUE, THU 9:00 a.m. - 5:00 p.m.

WED 10:00 a.m. - 5:00 p.m.FRI 9:00 a.m. - 5:30 p.m.

D R I V E - T H R U H O U R SMON 9:00 a.m. - 5:30 p.m.TUE 9:00 a.m. - 5:00 p.m.

WED 10:00 a.m. - 5:00 p.m.THU 9:00 a.m. - 5:00 p.m.FRI 8:00 a.m. - 6:00 p.m.

Main Number: 757.930.2425Toll-Free Number: 800.930.2425

Audio Response: 930.2425 (Opt. 1)Loan By Phone: 930.2425 (Opt. 2)

CREDIT UNION SERVICE CENTERS5028 George Washington Hwy., Yorktown, VA 23692

3711 Huntington Ave., Newport News, VA 23607 NEW! 110 Cybernetics Way, Yorktown, VA 23693

1317 Patton Ave., Fort Eustis, VA 236042369 George Washington Hwy., Hayes, VA 23072

9155 Seabee Rd., Norfolk, VA 235055885 Harbour View Dr., Suffolk, VA 234352445 Taylor Rd., Chesapeake, VA 23321

5624 Portsmouth Blvd., Portsmouth, VA 237014171 Ironbound Rd., Williamsburg, VA 23188

FOR OTHER SERVICE CENTER LOCATIONSwww.vecu.org

ATM LOCATIONS12626 Nettles Drive

812 Main StreetCNU David Student Union

CNU Freeman CenterCNU Trible Library

CU24 LOCATIONSVisit www.vecu.org to find a location nearest you.

WEBSITEwww.vecu.org

Federally Insured by NCUA up to $250,000.

Debit and credit cards are very convenient and safe ways to conduct transactions without the worry of carrying cash. However, even with safeguards in place, fraudulent activity may still occur. Here are a few important reminders used to help protect your account and personal information:

© VECU uses a fraud monitoring service, Falcon, to constantly monitor member accounts.

© Falcon may call members from the same number on the back of your debit/credit cards with suspicious activity on their account to verify transactions (this can happen outside of VECU’s normal business hours).

© Neither Falcon or VECU will contact you asking for your personal information.

© Keep your card in a secure place at all times and notify VECU immediately if it is lost or stolen. If your card is misplaced after VECU operating hours, visit vecu.org/contact-us.

© Do not carry your Personal Identification Number (PIN) with you or share it with anyone. Keeping it in your memory is the best alternative.

To further help protect your personal information and credit file, schedule a free credit analysis with the credit union this summer!

Summer Reserve and Vacation Savings Accounts are savings programs that are available to all VECU members as convenient ways to set aside money for all your summertime needs.

The Summer Reserve Savings Account is specifically designed to benefit 10-11 month school employees to ensure income during the summer months. However, the Vacation Savings Account is designed for any member who wants to save a little extra throughout the year to help make their special vacation plans a reality!

Don’t worry if you haven’t had an opportunity to save for your family vacation this year. We may be able to help you get away when you apply for a VECU Vacation Loan. We offer rates as low as 8.79% APR*, and terms up to 42 months. Apply today at www.vecu.org!

* APR= Annual Percentage Rate. Based on credit worthiness. Other restrictions may apply.

Summer Savings and Vacation Loans

Take A “Vacation” From Your BillsWITH OUR SUMMER SKIP-A-PAYMENT!Offered to members during the summer months, you may skip one loan payment* in July, August, or September. The Skip-A-Payment program allows you to miss one month’s loan payments without any penalties or late fees. This is just another great member benefit from VECU! Pick up a “Summer Skip-A-Payment” form at any of our convenient offices or download a copy at www.vecu.org and return your form to a credit union office. There is a $25 fee for this service. Online forms may be found by selecting “Resources” from the top menu and then selecting “Applications and Forms.” Completed forms must be submitted prior to your due date in the month the payment will be skipped.

* Not all loans qualify. Interest will continue to accrue. Other restrictions may apply.

We all look forward to summer with the warmer temperatures, and a break from our regular routines. In fact, for many of our members in the educational field, students, and parents, the summer signifies the end of many hours of hard work during a busy school year. Enjoy this well-deserved break! No matter what your summer plans might include, your credit union is here ready to help with any of your financial needs.

This summer is full of savings opportunities at your credit union. Currently we are offering special loan rates on vehicle refinances from other financing sources, and the same low rates for both new and used vehicles. We will be happy to help you locate a particular vehicle and provide the listed value before you visit a dealership so that you can make an informed decision. Also, we will be delighted to provide you with the assessed value of your home to assist in your equity loan or mortgage refinance research, with up to $500 paid in closing costs. Additionally, non-variable low rate credit cards are available for convenient and secure purchases or balance transfers from higher rate cards. You may apply 24/7 by phone, or visit our website at www.vecu.org and apply online to begin a convenient loan application process today.

We will also be introducing a new and enhanced free Bill Pay program in mid-August and encourage you to take advantage of this convenient and secure bill payment method. You will continue to select the date you require for payment, but as an added convenience this service will be within our Internet Branch (Moneylink) and not require a separate username and password. For those of you currently enrolled in Bill Pay, you will need to re-register any bills to be paid after August 15th into the new program. You may visit our website for more information on this enhanced service available to all members.

We also encourage and invite members to make a “Summer Resolution” to make a free appointment with a credit union representative to review your credit report, or safely establish first time credit. It is important to review your credit report to ensure that there are no reporting mistakes. Your three-digit credit score is always changing and is affected by various factors such as payment trends, capacity, and length of credit history. Prior financial challenges can adversely affect a credit score; however, all scores can be improved with a plan in place. Allow us to explain the areas of your credit report, and offer advice if needed for score enhancement or how to safely establish first time credit for new graduates. We want to help you pay as little as possible for all of your financing needs which are determined by your score. Call or stop by one of our offices this summer and see how we can help you make the “educated” financial choice. We hope you have a wonderful and safe summer!

Sharon G. Conti, CPA, CGMA President/CEO

VECU’s Mobile AppVECU’s free mobile app is available for download in the App Store or Google Play. This makes it easier than ever to check your account balances, review your account history, remote deposit checks*, and transfer funds! Manage your finances anywhere, anytime with the mobile app from VECU!

Questions? Contact us at vecu.org/contact-us or (757) 930-2425.

*Remote deposit access will be based on a member’s credit worthiness and relationship with the credit union. Not all members qualify. Limitations on deposit amounts and check holds may apply. Contact the credit union for more information.

Savings AccountTRANSACTION REMINDER: Regulation D (Reg D) is a federal law that limits the number of transfers and withdrawals that you may make from Savings (Prime Share) and Club Accounts to a Checking Account or to a third party. According to Regulation D, you may not make more than six (6) pre-authorized, automated, or telephone transfers/ withdrawals from these accounts each month. Any transaction request that is received after you have reached your limit of six transfers or withdrawals must be rejected. The regulation was established to prevent consumers from using interest bearing accounts as transaction or checking accounts. To learn more about this regulation and how it might affect you, visit www.vecu.org/regulation-d/.

Credit Union Shared Branch Locations

As a VECU member you may complete:

• DEPOSITS• WITHDRAWALS• LOAN PAYMENTS• ACCOUNT TRANSFERSby using a shared branch location nationwide. These locations allow you to conduct transactions just as if you were at a VECU branch. All you need to take advantage of these facilities is your account number and valid government-issued photo identification. To find your nearest credit union service center, go to vecu.org/about-us/locations-hours-atms.

Debit and Credit Card FRAUD REMINDER

Have you heard about VECU’s enhanced online Bill Pay? All members are eligible for this free service to save you time, money, and frustration. The FREE upgraded Bill Pay, will begin August 15th, allowing members to use the service directly from their VECU Moneylink account, no longer requiring a separate username and password. Members will have to re-enter their creditors information, but these enhancements will be worthwhile! The members who enjoy this service can:

• Pays bills online• Select date of payments• Schedule recurring payments• Send personalized cards for special occasions with

check gifts• Make secure payments directly from your checking

account

Current users: in preparation for the transition, please be sure to save your payment history for your personal records and do not schedule any payments in the current system for after August 15th.

If you aren’t already a user, visit vecu.org/bill-pay to enroll AFTER August 15th! Keep an eye on our website for a demo on how to use the new Bill Pay!

Bill Pay ServicesA V A I L A B L E August 15th

July 2016A Quar ter ly Pub l ica t ion o f

V i rg in ia Educators Cred i t Un ion

Good GradeDrawingCongratulations!

These winners from the previous grading period received $25 deposited into their

Loot Owl/Youth accounts!

Lucas Huck Yates Elementary

Alexander Gunn Achievable Dream Academy

The Good Grade Drawing rewards A, B, S, & E grades for elementary, middle,

and high school student members each grading period. To enter, just drop off a copy of your student’s report card to any VECU office after the next grading period.

Two students win each grading period!

Summer!Great

Rateswith

thisRelax

New and Used Vehicle Loan

1.89% APR!**RATES AS LOW AS

3.50% APR!*

Home Equity LoanRATES AS LOW AS

*APR= Annual Percentage Rate. Rate terms and restrictions may apply. Refinance rate does not apply to existing VECU loans. Used vehicle loan rates as low as 2.99% APR on 2010 vehicles and older. Home Equity loan rate is not an official loan estimate. There is no substitute for an official loan estimate form. Limited time offer. **For example, for a $20,000 new vehicle loan for a term of 60 months with a 1.99% APR, the monthly payments will be $351.

Visit www.vecu.org or call 757.930.2425, option #2 to apply for a loan today!

Save even more when you REFINANCE YOUR VEHICLE

from another lender with RATES AS LOW AS

1.59% APR!*

Plus, receive up to $500 towards closing costs!

This year Virginia Educators Credit Union provided Student Credit Unions programs at Yates and Richneck Elementary Schools. Students participated in the program as “Junior Tellers” accepting deposits from their classmates and teachers. The program is intended to give students work experience to teach them valuable career skills and reinforce the importance of starting a positive savings habit at an early age.

The Junior Tellers and student depositors who participated in the program were recognized at an award ceremony at the end of the year where they were encouraged to continue the positive savings habits they had learned from the student credit union. If you are interested in starting a student credit union program at your school, or scheduling a classroom, faculty, or PTA presentation on a variety of financial subjects, please contact VECU at 757.930.2425 ext 953 or email us at financialliteracy@vecu.org for this free service.

Honoring Academic Success

Virginia Educators Credit Union supported this year’s NNPS Salute to Success Student Recognition Event as an “Academic Superstar”

sponsor. The top two high school students in each grade level in Newport News Public Schools were honored along with the National Merit and National Achievement Scholarship Program Honorees. Sponsorship for the Salute to Success also includes

funding for Teacher Mini Grants that are awarded for innovative classroom projects and the Wayne D. Lett Scholarship program that provides support for students pursuing a career in teaching.

Virginia Educators Credit Union wants our youth members to learn the importance of saving at an early age! That’s why we are proud to continue to offer VECU’s Summer Savings Challenge! Youth members (under the age of 18) who make a deposit into their savings account during the month’s of July or August will be entered into a drawing for a chance to win a $25 deposit into their savings account! Make a deposit in both July and August for double the chances of winning. It pays to save at VECU! Make a deposit into your youth savings account this summer and you will be automatically entered into a drawing held in September for a chance to win!

HOLIDAY CLOSINGS:

INDEPENDENCE DAY Monday, July 4th

LABOR DAY Monday, September 5th

COLUMBUS DAY Monday, October 10th

(Staff training day)

Elementary Student Credit Union

Year End Celebrations

Congratulations to all the 2015-2016 Salute to Success Honorees!

VECU’s YOUTH

C H A L L E N G E

SummerSavings