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.
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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!
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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.
 By
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. With
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  prevent
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.
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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.
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For additional online newsletters see below:
Fall 2001
Summer 2001
Summer 2000
Fall 2000
Winter2000/2001
Spring 2001
Winter 2002
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