Monday, January 5, 2015

January eNewsletter

January eNewsletter
Take it Easy. . .
Let us help you save and simplify your payments. Consolidate your high-rate credit card accounts onto a NEW Pen Air FCU MasterCard® between January 15 and March 31, 2015 and enjoy a low balance transfer rate of 3.99% APR through January 2016. Visit to apply today!

¹ 3.99% APR available for balance transfers made 1/15/15 through 3/31/15 onto a new Pen Air FCU MasterCard®. The 3.99% APR balance transfer rate is good through the January 2016 billing period as long as your account remains in good standing. After the January 2016 billing statement period, unpaid balances revert to your approved standard variable APR which ranges from 8.90% to 18.0%APR and based on creditworthiness, qualifications and collateral conditions. If you fail to make a payment that is due for two (2) or more consecutive billing periods, the special rate will default to your Penalty APR. Cash advance fee is $5.00 or 3.00% of the amount of each cash advance, whichever is greater. Foreign transaction fee is 1.00% of each transaction in U.S. dollars. Current Pen Air FCU credit card and loan balances are not eligible for the promotion. Subject to credit approval. Additional limitations, terms and conditions may apply.
Milton Branch Grand Reopening
Ready. Set. Reopen! The newly remodeled Milton branch will celebrate Super Bowl weekend.
Please join us Saturday, January 31st from 10am – 2pm for the Grand Reopening Kickoff for our Milton branch, located at 5056 Dogwood Drive. With help from our amazing community partners, this family-friendly event is sure to be fun for all! Stop by for free food, giveaways, entertainment, and more.*

Stop by and Win Big!
Visit the Milton branch between Monday, January 26 through Saturday, January 31, 2015 and ask how you can register for a chance to win a Big Green Egg MiniMax! Click here for official sweepstakes rules.

NO PURCHASE OR MEMBERSHIP REQUIRED TO ENTER OR WIN THIS DRAWING. Void where prohibited. To enter the Drawing, fill out the entry form completely and drop it into the entry box found at the Pen Air FCU Milton branch during the Drawing Period Monday, January 26 through Saturday, January 31, 2015. Limit one (1) entry per person, per day. Odds of winning depend on eligible entries received. For more details, click the Official Rules button.
IRA Rollover Notice
Effective January 2015: Long-Standing IRS Rollover Interpretation Changing
If you're considering rolling over your IRA assets to an existing or new IRA, you need to be aware of an upcoming change that will affect IRA rollovers. The IRS is changing its interpretation of the one-per-12-month rule following a recent U.S. Tax Court ruling in Bobrow v. Commissioner. The court ruled that a taxpayer is limited to one rollover per 12-month period, regardless of the number of IRAs he has.

The IRS for decades stated that you could roll over one IRA distribution per 12-month period for each IRA that you own. The IRS issued guidance in March 2014, stating that it will apply the tax court's new interpretation going forward, but that it will not apply before January 1, 2015.

When the IRS applies its new interpretation effective for distributions taken on or after January 1, 2015, you may roll over only one IRA distribution in any 12-month period, regardless of how many IRAs you own. You still may perform an unlimited number of transfers.

You should consult with a competent tax advisor if you are rolling over an IRA distribution.

Questions? Contact our Deposit Account Specialists at (850) 505-3200 Ext. 8150 or
Get Organized with BALANCE
Check financial fitness off your list!

Our partners at BALANCE have created financial checklists to help you get through life events without letting important details slip through the cracks. So whether you’re selling your car, estate planning, or preparing for a baby, let BALANCE keep you on the path the financial fitness. Click here to get started!
Business Solutions Presents:
Brunch n' Learn Series
Hear from the experts on how to get the most out of your business.
Brunch is on us! Join the Business Solutions team for an educational forum in a relaxed atmosphere amongst business owners, while getting all of the latest information to keep your business growing and moving forward in 2015.

From healthcare reform changes, to avoiding internet breaches, we have the information business owners need in one place. Experts will be on hand before and after each session to help you find solutions to your business needs!

This month’s event will be held Wednesday, January 21st from 10-11:30 a.m. in the 2nd floor community room of our Palafox Branch located at 40 S. Palafox Place, where we will present “Business Lending 101: How to Qualify for a Business Loan.”

Seating is limited, so register online at to secure your spot.
No Excuses: Set a Financial Goal This Year and Achieve It

Money Manager keeps you on the path to financial freedom.
That’s right, this year we want to help you make your financial New Year’s resolution happen. Whether you want to save cash for a new car, or pay down debt, use Money Manager to do it and you could win as much as $1,000.

Using online financial management tools like Money Manager has helped people like you save an average of $100 monthly, just by setting and tracking financial goals. We want you to see how easy it is to build those positive habits and gain more control of your money. In fact, you’ll automatically be entered into a drawing for a chance to win if you use Money Manager to set a financial goal before February 28th, 2015.* Visit for complete details.
*NO PURCHASE NECESSARY. Open only to legal residents of the 50 United States (D.C.) and Puerto Rico, 18 years and older. Ends 2/28/15. For Official Rules, including odds, alternate method of entry, and prize descriptions, visit (URL). Void where prohibited.
Turbo Tax
Get the tax return you deserve without having to hire an expert.
It’s that time of year again, and Pen Air FCU wants to help members coast through it. TurboTax is an easy, accurate, and secure way to file your online tax return from your home computer.

To access your discounted TurboTax program, visit, log-in to Online Banking, and click on the Turbo Tax Online link under the Accounts menu. There, you will find instructions on how to begin your online tax return. It’s that simple. Start your affordable tax filing today!
Our Community
Little Holiday Smiles
Last month, Pen Air FCU focused on making the holidays brighter for local children.
Toys for Tots
Pen Air FCU elves were very busy this holiday season. All Pen Air FCU branch locations served as donation sites for Toys for Tots donations, and the results are in. Through the communerosity of both members and employees, Pen Air FCU was able to donate over $1,000 in toy donations to children in our surrounding communities. The toys were even delivered before Christmas so each child had a gift to open.
NAS Pensacola Children's Holiday Party 
The holiday bells were ringing at the NAS Youth Center last month and Pen Air FCU couldn’t help but to join in on the fun! Children from Escambia County arrived by the bus-load and celebrated the holidays with dancing led by Penny the Pen Air Porpoise, arts and crafts, and even a gift from Santa himself.
Check out our Facebook page to see all the fun we had!
Upcoming Events  
  • Monday, January 19: Martin Luther King Jr Day All Pen Air branch locations will be closed. Click here to find the nearest ATM location.
  • Wednesday, January 21: Brunch n' Learn Series Event Join the Business Solutions team from 10-11:30 a.m. for brunch as they present "Business Lending 101: How to Qualify for a Business Loan."
  • Saturday, January 31: Milton Branch Grand Reopening Kickoff Stop by for food, fun, and family-friendly attractions at our newly remodeled branch, located at 5056 Dogwood Drive between 10 a.m. and 2 p.m.


©2015 Pen Air Federal Credit Union. All Rights Reserved. This email was sent to you by Pen Air Federal Credit Union located at 1495 East Nine Mile Road, Pensacola, FL 32514. Pen Air FCU is federally insured by NCUA and is an Equal Housing Lender. Inquire into membership for your family.

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