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Spring 2002 Newsletter

Hey Home Buyers!

The mortgage loan process intimidates many home buyers. It seems overwhelming and complex. Now you can get the home mortgage you need from the people you know best, North Penn FCU and CUNA Mortgage. We take the mystery, complexity and difficulty out of mortgage lending. Whether you are a first-time home buyer or looking to buy a home in a new neighborhood, we’ve got a competitive rate with great terms to meet every household budget.

  • Our 30-year fixed-rate mortgage
    starts as low as 6.375%.
  • Adjustable and balloon rates available with terms
    ranging from 15, 20 or 30-year mortgages.
  • Mortgages available on single family residences,
    owner or non-owner occupied.
  • Eligible borrowers can close with as little as 5% down.
  • Refinance and purchase loans available.
  • Special rates and programs for those
    with previous credit difficulties.

 

Hey Home Buyers!

To assure you of good quality service, we will be working with CUNA Mortgage Program,
an affiliate of the Credit Union National Association. CUNA Mortgage has a reputation for high
quality service and customer satisfaction. CUNA Mortgage fits the credit union philosophy and
has staff members who work exclusively on credit union loans.

For more information and current rates, call your Credit Union. You’ll be glad you did!


Open Your Vacation Club Now

Our new Vacation Clubs for 2002 will begin April 8th. If you had a Vacation Club last year, you will automatically be enrolled for the same amount unless you notify us to make a change.

Family on Summer VacationBy saving regularly with our Vacation Club, you will be able to plan for that dream vacation. It may also be used for a variety of purposes such as taxes, children’s education, etc.

Anyone who wishes to start a Vacation Club should send in a slip indicating the amount you want deducted weekly from payroll. If you do not have payroll deductions, simply deposit what you want, when you want, in your account and it will be there when you are ready to withdraw.

Checks will be distributed for last year’s club on April 5th if you specified automatic withdrawal.


Planning For The Summer?

Your Credit Union Can Help

What’s in store for YOU this summer? Are you planning a major get-away vacation, celebrating a graduation or wedding, preparing for a home improvement project, or picking out a new car? Be sure to include the Credit Union in your summer plans!

Use the convenience of payroll deduction to save up each year for vacation (or other fun activities) in a Credit Union share account. If it’s too late to save up for this year, why not consider a loan from the Credit Union. WithFamily at Beach on Vacation a low interest rate and easy repayment, you’ll enjoy a carefree vacation.

Whatever you need this spring or summer, consider all your options with the Credit Union. Pay for the wedding with a signature loan, fix up the house with a home equity loan, or buy the car with a vehicle loan. Call us today to discuss how we can help you this summer!


Be a Smart Car Buyer

For many, spring is the time when their fancies turn to thoughts of a new vehicle. Don’t let the stars in your eyes VW Beetleprevent YOU from making a wise carbuying decision. Be aware of dealer financing consequences before you sign on the dotted line! By getting your car loan at the Credit Union, you’ll be able to take advantage of hassle-free financing and you’ll avoid being talked into financing more than you bargained for.

Borrowing from the Credit Union has these great advantages over dealer:

Based on your qualifications, you get the best rate we can give you from the start. No “best rate” quote and then a higher one offered when your credit report comes back.

If a co-signer is required, you’ll know who’s responsible for repayment of the loan at your signing, and ultimately
whose name is on the title and who’s getting a good credit rating for payments made.

No extended warranty “requirement” to get the loan. You may choose to purchase the warranty from the dealer, but it will not be a condition for getting your loan.

Likewise, there is no credit life insurance “requirement” to get a Credit Union vehicle loan. NPFCU provides
up to $15,000 loan protection coverage at no charge to you.

You should be able to purchase your vehicle as though you were using “cash”. If you’re not financing through the dealer, they can’t make adjustments to the purchase price and say you “don’t qualify” for the lower price.

You’ll probably wind up financing less because you can negotiate your deal. Expect to pay no more than the MSRP and refuse to pay ADM (Additional Dealer Markup) fees or Dealer Prep charges added on to the MSRP (often the Dealer Prep is already included in sticker price.)

Be smart! Get your next new vehicle loan from the Credit Union! You get the best deal from the people you can trust.

Annual Meeting

The North Penn Federal Credit Union's Annual Meeting
will be held on Thursday, April 25, 2002, at 12:30 p.m.
in the Lunch Room at the Credit Union Office.

Please join us and vote for your credit union leadership.

For additional online newsletters see below:

Fall 2001
Summer 2001
Summer 2000
Fall 2000
Winter2000/2001
Spring 2001
Winter 2002

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