Winter 2004 Newsletter
Resolve to Get Your Finances in Order in ‘04
Now that a New Year has begun, resolve to make
a difference in your financial affairs the whole year long.
Resolve to save at least 5% of your income. If 5% is too much,
start with 1% and gradually increase the amount. Add to your
retirement nest egg by opening an IRA or special savings account.
If you’re lucky enough to get a raise, funnel this new
money into your savings or retirement fund.
Resolve to limit your spending. Your Credit Union recommends
setting personal limits to control your spending. Don’t
let your bills for charge cards and other installment debt
exceed 20% of your take-home pay. Once you factor in rent or
mortgage payments, your debt should not exceed more than 40%
of your take-home pay.
Resolve to make timely payments. You can avoid costly penalties
by paying bills, loans and taxes on time. As a bonus, you’ll
be building a good credit history while saving yourself money.
Many vendors offer automatic bill
Resolve to use your credit wisely. It can actually pay you
to borrow for the right reason. Further education and most
home improvements carry a high rate of return. A late model,
fuel-efficient car can save you money on gas and repairs. A
home equity or bill consolidation loan can cut those high interest
credit cards and bills down to size.
• Resolve to use the services of the Credit Union. Take advantage
of better loan and dividend rates. Also, pass along the good
word about Credit Union membership and sign-up the entire family.
Simplify your Life with Direct Deposit
so many better things to do with your time, why not have
your check directly deposited to your account at the
Credit Union? Direct Deposit is just another way that
we have found to help you simplify you life. Once you’re
signed up, you’ll start enjoying
the benefits of hassle-free deposits! Direct Deposit lets
you enjoy these great benefits:
• No waiting in line – Depositing your check is no
longer a time-consuming chore. Your paycheck or other recurring
payment is deposited on time.
• Same-day availability – Deposits received by Direct
Deposit have the advantage of immediate availability.
• Lower risk – With Direct Deposit, you can always
be sure of your deposit schedule, reducing the risk of
overdrawing on your account. You never have to worry about
your check being lost in the mail!
• Easy Access – Pay your bills, withdraw, or transfer
funds from any of the convenient methods your
Credit Union offers!
Start enjoying the simplicity of Direct
Deposit! With this safe, easy and convenient service from
Union, you can spend extra time doing the things you like
to do! Call or visit the Credit Union today to find out
Singing the Holiday Blues
Is paying those holiday bills leaving you a little off key?
Tune up your finances by using your Credit Union credit card
your other credit card balances! Save time and money by transferring
those higher rate card balances to your Credit Union credit
card today. Make one easy payment and pay less interest over
time. Make beautiful music with a credit card that offers you
these great benefits:
• Pay less interest with lower rates
• Pay no interest on purchases when you pay off your entire balance by
• 24-hour access to report a lost or stolen card
• Free Auto Rental Insurance (VISA only) beginning 03/01/04
• Added protection for online shopping with Verified by VISA
sing the blues this post-holiday season! Call today or visit us for a Credit
The Credit Union Supervisory Committee is conducting
its annual audit and account verification. Please compare
the enclosed statement with your own records as of December
31, 2003. If you note any discrepancy, please write to
supervisory committee at:
Ms. Phyllis Weasner
712 Wissahickon Avenue
Lansdale, PA 19446
Please include a description of the discrepancy along
with your account number, and refer to North Penn Federal
Credit Union in your reply. If you DO NOT note any discrepancy,
no response is necessary.
Free Auto Rental Insurance
The next time you rent a car, you’ll save yourself time
and money by using your Credit Union VISA Credit Card! Beginning
March 1, 2004,
your Credit Union VISA Credit Card will provide
automatic auto rental insurance. This important new benefit
gives you insurance coverage that you can trust, and eliminates
those high insurance premiums from the auto rental agency.
This new benefit is provided to you at no cost, and covers
damage to rented vehicles.*
* Damage due to collision or theft up to the
actual cash value of most rented vehicles. Within domiciled
country this coverage
is secondary to any other valid and collectible insurance from
any other source. See full disclosure for full terms and conditions
of these benefits
from your Credit Union
Thank you for letting us serve you throughout the past year. We hope that you
will continue to take advantage of the many services available to you as a
member/owner of this financial cooperative. We value your membership and look
forward to serving you throughout the next year.
President's Day Monday,
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