Skip-A-Payment

Look out for your skip-a-payment letter. By signing up for skip-a-payment, your loan payment will not be due for the month you choose. Your payment will be deposited into your Share Savings Account if you make your loan payments automatically with Payroll Deduction or Direct Deposit. Interest will continue to accumulate on your loan during the month you skip your payment. Skipping a payment is easy! When you receive your letter just complete the coupon at the bottom and return to the credit union by mail, fax, or bring it in person. The processing fee is $35 per loan. The months available to skip are November, December, or January (you may skip one month only). Also in order to process your skip-a-pay the credit union must receive it at least 7days prior to the start of the month you wish to skip.

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Recently Reduced Credit Card Rates!
VISA Gold VISA Classic

• VISA Gold 8.00% APR**
• VISA Classic 9.00% APR**
• 2.99% APR* Transfer Balance SPECIAL

Take advantage of our transfer balance special to get rid of high interest rate credit cards.  If you don’t have to transfer a balance then consider our low interest rate credit card.  An EAFCU VISA credit card has no annual fee, only 1% foreign currency exchange fee, and earns you reward points. The balance transfer special is available until  April 30, 2011.  (Rate good for 1 year)

Call 212-302-1954 for an application.
** Variable Rate

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No Closing Costs on Home Equity Loans**  
** You are responsible for mortgage tax. Max $50,000.

FAMILY MEMBERSHIP
Did you know members of your immediate family can join the Education Affiliates FCU and take advantage of our many offers? A child off to college? How about a credit union share draft/checking account with no monthly fees and only a $50 deposit in his share account? Get him a debit card which allows you to transfer funds that will be readily available to your child when he runs short. Perhaps you might consider a VISA card with a small limit so he can learn how to manage money. What else is available? Call and we will send you information.

SHARE DRAFT CHECKING
Education Affiliates FCU Benefits…

• No per-check fee
• No minimum balance requirement (must have $100 in Savings)
• Unlimited check writing privileges
• Dividends paid on entire balance
• First 150 checks free
• Direct Deposit available at CUNY, FIT, Research Foundation and many other places
• Overdraft protection available

In addition to these benefits, we will buy back your old checks from that other institution for 5 cents per check up to $5.00 when you open a Education Affiliates FCU Share Draft Checking Account. We are that confident that we can save you money and provide you with the best service available.

IDENTITY THEFT
With the summer months here and many of our members traveling, we thought it was important for them to be particularly careful with credit cards, passports, drivers licenses and other papers. Therefore, here are a few steps to take…

1. Always keep a copy of your passport and drivers license at home where a family member can retrieve if necessary.
2. Review all of your account statements as soon as you receive them. If you have online access, review them even more frequently.
3. Review credit reports annually. The credit union has a link to Equifax that can be found on the home page of our web site.
4. Use caution when giving personal information over the phone or Internet. When ordering online, make sure you are dealing with a reputable company and they are using a secure site.
5. File a police report immediately if your ID is stolen.
6. Inform the three major credit bureaus if there are any discrepancies in your credit rating or you believe you are a victim of identity theft.
7. Be aware of current scam tactics such as offers of money for using your account to transfer money out of foreign countries.
8. Inform your financial institution immediately if any cards or other identification have been stolen or misused.
9. Log on to www.idtheftcenter.org for further information and help.

If you are interested in further information and seminars about this subject, or others such as “How to Understand Your Credit Rating” or “How to Choose a Used Car” and other topics, please contact us.

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