Go Green With Help
from Your Credit Union
Your Credit Union has always
supported ethical banking
practices. Whether it’s responsible
lending or offering BillPayer and
Home Banking, here are five tips
from the Credit Union that will
put you on the “green” path.
Use Online Banking
of your accounts online to transfer money or just check on
your account. With ATM access and 24/7 Home banking,
you’ll always have access to your funds.
Pay Bills Online
Almost every company that sends you
a paper bill will gladly stop sending you a paper bill and
accept an online bill payment through their website or
North Penn FCU. Our BillPayer allows you to pay up to
ten bills per month, FREE!
Stop with the Blank Checks!
You CAN get those blank
cash advance checks from your credit card company to
stop showing up. Call the number listed in the letter and
tell them you no longer want to receive the checks. If you
are receiving unsolicited credit card offers, have your
name removed from credit bureau marketing lists. Call
Get Your Paycheck Directly Deposited
offer direct deposit of your paycheck. Your money
gets here faster, too. You can use Direct Deposit for
social security checks, tax refunds, and pension deposits
Tired of Shredding Your Statement?
The Credit Union
can stop it from being printed! All we need from you to
stop your statement from being printed is for you to fi ll
out a form. Contact the Credit Union to make it happen!
Hot, Hot, Hot
Auto Loan Special
This summer, drive off in the car of your dreams!
North Penn Federal Credit Union offers up to 100%
fi nancing on New and Used Autos, and our HOT rates
leave the competition out in the cold. Plus, we offer a
variety of terms and payment options, so before you
take that dealer fi nancing, stop in to the Credit Union
and apply. We’ll have an answer for you in no time, so
you’ll be spending the hot summer in your cool car.
*APR = Annual Percentage Rate. Rate current as of date of publication and is subject
to change. Rates are based on applicant’s creditworthiness. Other rates and terms
available. Contact the Credit Union for details.
What’s the Difference
Between a Traditional and
- Traditional: All workers under
age 70 1/2 at the end of the
- Roth: No age restrictions
to open. Fully eligible if
income is below $95,000
(single) or $150,000 (joint).
Increasing limits apply if income
is higher; not eligible if income is above $110,000
(single) or $160,000 (joint).
- Traditional: Made with pre-tax income. Reduces
gross taxable income for that year by the amount
- Roth: Made with after-tax income.
Tax Benefits of Contributions:
- Traditional: Fully deductible if you don’t have an
employer retirement plan. Nondeductible if you’re
covered by an employer retirement plan and have
a modified adjusted gross income above $65,000
(single) or $89,000 (married filing joint, and depending
on who has a retirement plan at work).
Partially deductible if you have a modified adjusted
gross income in 2009 between $55,000-$65,000
(single) or between $89,000-$109,000 (married
- Roth: Not deductible. If converting from IRA to
Roth IRA, the taxable portion of the IRA is taxed
in year of conversion.
Maximum Contribution (per individual):
- Both Traditional and Roth:
|Under age 50:
||Over age 50:
|2010 Indexed to Inflation
||2010 Indexed to Inflation
- Both: No annual limit on amount rolled over from
another qualified plan
- Roth: May convert from IRA to Roth IRA if income
is $100,000 or less.
Contact the Credit Union for more information
regarding distributions and withdrawals.
’Tis the Season For
Holiday Club Accounts
It’s never too early to start saving for the holidays!
If the thought of high credit card bills after the holidays
has you feeling cold this summer, stop in to the Credit
Union and open up a Holiday Club Account.
Save as much or as little as you want, as often as
you’d like. We’ll transfer the funds into
your Checking Account right before the
shopping season begins, so you can
pay for those presents – in cash!
Tell your high interest credit
cards to take a vacation this
winter and open a Holiday
Club Account today.