Newsletter				Fall 2007

                                COMMON CENTS

HOME EQUITY SPECIAL  $200 OFF  closing costs*

If you need money for remodeling, home improvements or any reason, call the credit union about a Home Equity Loan.

6.00%  -  5 YEARS

6.25%  -   6 YEARS

6.50%  -   7 YEARS

7.00%  -   8 YEARS

 7.50%  -   9 YEARS

   7.75%  - 10 YEARS

VARIABLE RATE:   7.75% - 15 YEARS

  Based on 80% of appraised value less first mortgage.  $150,000 maximum. 

Rates subject to change without notice. 

*Until November 30, 2007

TIP:  First mortgages can be refinanced as Home Equity Loans to lock in a fixed rate!

Special Visa ® Offer - 3.9% APR

Balance transfers, cash advances and purchases made to your Thiokol-Elkton FCU VISA ® between November 1 and December 26, 2007 will qualify for the special rate– until June, 2008.

   This offer applies to new accounts and current cardholders.  Transfer a balance from a higher interest rate card at another financial institution and SAVE!

·   No Annual Fee

·   No Balance Transfer Fee

·   No Cash Advance Fee

·   11.9% After Introductory Period

This offer applies to new accounts and current cardholders.  Transfer a balance from a higher interest rate card at another financial institution during the promotion and SAVE!     

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Make the Holidays Special!

If you’re looking for a way to pay for gifts, a holiday vacation, or any other seasonal expenses, consider a TEFCU Holiday Loan.

 Borrow up to $2,000

At a rate of 5.9% APR

For a term of 12 Months

Available Until December 20, 2007

Don’t miss out on this limited-time offer.  Stop by the credit union to apply for a Holiday Loan today!

EMPLOYEE SPOTLIGHT

Annette Pyle joined the Credit Union staff in June of 2007.           

     Annette began her credit union career in 1996 at the Department of the Interior FCU in Washington, D.C. and came to us from DPLFCU in Delaware, where she had been  the head teller for eight years.  She lives in Elkton with husband David and their two dogs, Spice, a Yorkie, and Missy, a “Poo.”  Annette and Dave, who have been married for 31 years, did a lot of traveling while Dave served in the U.S. Air Force for 22 years and are enjoying being settled in Cecil County.

   When not at the Credit Union, Annette loves spending time with her husband and visiting friends and family, especially their daughter, son-in-law and granddaughter in Kentucky.

    Please welcome Annette the next time you visit the Credit Union!

Holiday 2007 Skip-a-Payment - More $$ in Your pocket!!

If you could use extra cash for something special and would like to “SKIP” your November loan payment(s), complete a skip form for each payment you wish to skip and return to the Credit Union with $25.00 for each payment being skipped BEFORE the payment is due.

It  Is  mutually  agreed  in  consideration  of  the  fee  of  $25.00,  the  monthly payment   of        

November 2007, Account No. ____________, Loan No. ______ will be deferred and extended to the end of the loan.  All other terms and provisions of the original agreement are unchanged and remain in full force and effect. 

________________________________  __________________________________

Borrower Co-Borrower

Number of loans skipped ____ x $25.00 = __________             ____ Payment is enclosed

Take fees from:  Account No.___________    Share Suffix #_____     Share Draft _______

Interest on your loan balance will continue to accrue.   Mortgage, Home Equity and other large loans require an interest payment.  Loans in a delinquent status are not eligible. More than two skips over the life of a loan could reduce the value of GAP insurance.

THIS AGREEMENT MUST BE SIGNED BY ALL BORROWERS AND CO-BORROWERS

THIOKOL-ELKTON FEDERAL CREDIT UNION

RATES AS LOW AS 3.99%

NEW CAR /TRUCK RATES

3.99% - 36 Months

5.29% - 48 Months

5.99% - 60 Months

6.19% - 72 Months

USED CAR/TRUCK RATES

5.49% - 36 Months

5.99% - 48 Months

6.29% - 60 Months

6.79% - 72 Months

100% FINANCING

Buy with no money down

Get Pre-approved Before You Buy

 Don’t forget,  0% dealer financing isn’t always the best deal, especially if you must give up a rebate. 

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NOTICE TO MEMBERS

     The Credit Union is no longer accepting foreign checks for deposit to your account, since processing fees often exceed the value of the item being deposited.

     We apologize for any inconvenience this may cause.

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‘Tis the Season - to use credit wisely!

     With the holiday season right around the corner, this is a good time to review your credit card balances and  consider how you are going to use your money this year to make sugarplums dance in your loved ones’ heads.

     We at TEFCU recommend that you use  credit wisely.  And choosing a credit card wisely is important, because if you overspend your limit or fail to pay a monthly minimum payment on time, the fees on some cards can hit your wallet hard.

     If you don’t have a TEFCU credit card, we encourage you to look carefully at your credit card’s miscellaneous fees.  TEFCU’s card has a 25-day grace period before interest accrues on purchases (including cash advances!); low over-limit; and late payment fees (only $5.00).  TEFCU has never had a universal default clause, which allows a credit card company to raise your interest rate if you’re late making a payment with them - or to anyone else!

  So think it over - and you will most likely find that a TEFCU credit card is your best choice for holiday shopping.  To top it all off, TEFCU is offering 3.9% APR until June 2008 on all purchases, balance transfers, and cash advances made between November 1 and December 26!  

  Happy shopping!

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successful checking account management reduces the chance of checking account fraud?

Successful checking account management is a combination of three elements.

1. Check writing: Use permanent ink so nothing you write can be changed. Fill in all blank lines with the proper information. Never sign a check unless all information on it is complete.

2. Check endorsing: Sign your name exactly as it is written on the front of the check. If your name is spelled incorrectly, sign it incorrectly and then provide the correct spelling below.

3. Balancing: Record the balance from your statement. List deposits not credited to your account as of the statement posting date.  Subtract the total of outstanding checks that haven’t  been subtracted from your account. The resulting figure is your ending balance. This balance should agree with your ending balance in your register.  It’s easier to spot a fraudulent entry if you balance each month!

Ask any teller for your Free brochure “How to Successfully Manage Your Checking Account.”

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Join Our Holiday Club ...

  and  have ready CASH for holiday shopping next year!

  Open or continue a Holiday Club account and receive a   

      Free Gift!

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TOGETHER  WE’RE  BETTER!

International Credit Union Day

Thursday, October 18, 2007

      Credit unions provide service with a smile—plus lower loan rates, better rates on savings, and lower fees.     

         Stop by Thiokol-Elkton FCU on Thursday, October 18 for refreshments and giveaways as we celebrate International Credit Union Day and how credit unions are making a world of difference in members’ lives every day here in the United States and in communities all over the world.  Let us thank you for your membership—which makes a World of Difference to us!

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Thirteenth Annual

Toy Drive

 Your Credit Union and ATK Elkton Division employees  will again be sponsoring a toy drive for needy children in our area.  New, unwrapped toys  will be collected beginning Monday, November 19 until Wednesday, December 19, 2007 and distributed to  children who otherwise might not know the joy of the holidays. 

Please give generously!

INSURANCE DISCOUNTS AND CONVENIENCE, TOO!

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