Got Green? Grow it at Your Credit Union
That’s the average report card 12th graders earned for financial literacy in 2006. For about a decade, the Jump$tart Coalition® has been surveying high-school seniors about personal finance.
What our youth don’t know is shocking. For example, only 23% understand that interest/dividends on savings accounts may be taxable. Only 40% realize they could lose their health insurance if their parents become unemployed.
Achieving economic prosperity is difficult. It’s especially hard for young people who’ve never learned how to manage money. Your credit union is ideally positioned to respond because we believe in the power of education. We’re here to help you launch the youth in your life toward financial independence.
Join. As a start, open a savings account for each child in your family at the credit union. As soon as your children can write, have them fill out deposit and withdrawal slips. Guide teenagers through using a debit card and balancing a checkbook.
Share. Include your children in your household finance discussions. Show them how you budget income and expenses. As their skills improve, give them challenges—such as finding a better cellphone plan, calculating the total monthly cost of owning a car, or sticking to a budget with back-to-school or holiday spending.
Coach. Remind your children to ask for help when they need it. And turn to your credit union when you want help. Our tradition of service and philosophy of self-help make North Penn Federal Credit Union and all credit unions a natural partner in pursuing financial security.
Picture the Possibilities
If your summer plans involve traveling, the Credit Union can help you get there. A signature loan can provide the financing you need to buy airfare, rent a convertible or pay for accommodations. With our low interest rates, variety of repayment methods, and flexible terms, you can afford to get away this summer!
*APR = Annual Percentage Rate. Subject to change. Offer extended to qualified borrowers based on credit worthiness. Contact the Credit Union for details.
The Credit Union Supervisory Committee is conducting its bi-annual audit and account verification June 30, 2008. This is just a reminder! If you note a discrepancy, please write our Supervisory Committee at
Ms. Phyllis Weasner
Please include a description of the discrepancy along with your account number, and refer to North Penn Federal Credit Union in our reply. If you DO NOT note any discrepancy, no response is necessary.
Ace Your Finances!
Let the Credit Union prepare you for back-to-school! Whether school’s just around the corner or across the country, a credit union checking Account and VISA® Debit Card give you access to your account 24/7.
Sign up for FREE Online Banking and convenience is just a click away! View account history, check balances, even make transfers to and from allowable accounts. Your parents can even transfer money right into your account. As long as you have a working internet connection, your banking gets done whether you’re a night owl or a morning person, in your pajamas or your best outfit. Plus, with Online Bill Pay, your bills get paid on time, every time. There’s no messing with stamps or late fees, even when you’re studying abroad!
Want to start building credit? A credit union Credit Card is the way to go. With our Credit Card, your limit and interest rate are set low, so debt is kept under control. You can even elect to make your payments via Online Banking.
Stop in to the Credit Union before you head to school and we’ll have you acing your finances in no time!
Traveling Far and Wide on Your Vacation?
Take a Credit Union Card with You and Save!
Plastic cards are usually easier and less expensive to use than travelers’ checks, and far safer than carrying lots of cash, wherever you go.
Increased forgery has forced many merchants, especially those in tourist areas, to stop accepting travelers’ checks. Some stores and restaurants are installing cash dispensing ATMs to accommodate patrons. Traveling with your credit union ATM, debit, and/or credit cards, and memorizing your PINs (NEVER keep them in your wallet) will give you 24/7 access to your money.
How do you know which ATMs will accept your credit union plastic card? Just look on the back of your card at all those small logos. Find an ATM machine with any one of those and your card is compatible.
Please note that North Penn FCU no longer offers Travelers Checks.
Time for a Change?
Notify the Credit Union if you change your address or name so we can keep accurate records. In the case of an address change, statements and other Credit Union communication can be returned.
For an Address Change
For a Name Change
Call the Credit Union office if you have further questions about changing your account information.
Friday, July 4, 2008 • Independence Day
Your savings federally insured to at least $100,000 and backed by the full faith and credit of the United States GovernmentLegal Statement © Copyright 2004 North Penn Federal Credit Union All Rights Reserved.
National Credit Union Administration, a U.S. Government agency