May eNewsletter

May eNewsletter May Auto Promo Drive into the lazy, hazy days of summer! During the month of May, move your auto loan to Pen Air and receive up to 2% APR¹ off of your current rate and make no payments for 90 days!¹ Apply today at penair.org/AutoLoans. Our Mortgage Experts are Here to Guide You Are you thinking about buying a new house? Buying a home is probably the biggest financial decision you’ll make. Pen Air’s Mortgage Lending Department has the experts you need to guide you through the home buying process! Call one of our experts today at 850.505.3200 Ext. 8360 or learn more at penair.org/Mortgage. Mortgage Lending Department Team: NMLS# Kelly Gosselin 589535 Mindy Keller 619019 Melissa Olsen 619021 Evelyn Annette Smith 829727 Amy Sobleskie 619020 Diana Kim Helton 888248 Phillip Paul White, II 285736 Dana Bryan 589549 Catherine A. Coleman (Amy) 493556 Rachel Guthrie 1071773 Steven Cochran 440320 Shaun Schiewe 982833 TruStage™ Insurance Programs4 for Your Benefit Find the Perfect Gift Celebrate your Moms, Dads and Grads with a Pen Air Visa Gift Card! No reason to worry about finding that perfect gift. With a Visa Gift Card, you can be sure they’ll use it to get something they really want! Call 850.505.3200 or visit any Pen Air branch to purchase your Visa Gift Cards today. Our Community Magic Moments Check Presentation Through the employee charitable giving program, Jeans for Generosity, the employees of Pen Air Federal Credit Union presented a check in the amount of $4,000 to Magic Moments. The best part of the day was getting to surprise Londyn and her family with her special wish, a trip to Disney World! To find out more about Jeans for Generosity, visit www.penair.org/JeansforGenerosity. Wild About Savings Event In April, our youth members took a Walk On The Wild Side at their credit union with Saving Safari as Pen Air celebrates National Credit Union Youth Month™. This year's theme, “Wild About Saving™,” encourages youth to use resources available at the credit union to help them cut their way through the jungle of financial responsibility. Strawberry Festival Pen Air was out and about at the Annual Baldwin County Strawberry Festival! Upcoming Events ·         Thursday, May 7: Pen Air’s 79th Annual Meeting at the Hadji Shrine on 800 W. Nine Mile Rd. Doors open at 6 pm and meeting starts at 7 pm. Learn more at penair.org/OnTheRoad. ·         Thursday, May 7: Harley Davidson Pensacola Give Away Registration Stop Live Radio Remote from 12 – 1 pm at the Saufley branch. ·         Tuesday, May 12: Harley Davidson Pensacola Give Away Registration Stop Live Radio Remote from 12 – 1 pm at the Pace branch. ·         Wednesday, May 13: Brunch n' Learn Series Event Join the Business Solutions team from 10-11:30 a.m. for brunch as Ted Kirchharr, COO of Landrum Professional Employer Services & Landrum Consulting presents "The Busy Business Owners Guide to Health Care Reform: What You Need to Know."  RSVP today at www.penair.org/BusinessSolutions. ·         Friday, May 15: Annual Pen Air Fiesta Day Parade Downtown Pensacola. Parade starts at 7pm. ·         Friday, May 22: Annual Military Appreciation Month BBQ NAS Pensacola. To show our appreciation, Pen Air will be serving our active duty military a BBQ lunch from 11-1 at our NAS Branch. ·         Monday, May 25: Memorial Day All Pen Air FCU branch locations will be closed.  Click here to find the nearest ATM location. 1. Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral conditions. All loans are subject to approval. Offer valid on loan applications submitted 5/1/15 through 5/31/15. Auto loan must be transferred from another financial institution and be in good standing for at least six consecutive months. Rate will be reduced up to 2% but will be no lower than 1.99% APR, and/or current monthly payment will be reduced by $25. Interest will still accrue with the No Payment for 90 Days offer. At 1.99% APR, a loan amount of $20,000 and a term of 60 months, the monthly payment would be $350.47. Other conditions and restrictions may apply. Call toll-free 1-877-4PENAIR for more information. 2. MLS# 413053. SPECIAL OFFER. Pen Air FCU will pay closing costs on new Equity Loan applications (Lines of Credit). Loans paid off and closed in less than two years (24 months) from the loan origination date will require reimbursement of all closing costs paid by Pen Air FCU. For loan amounts up to $250,000, closing costs typically range between $150 and $900. The closing costs depend on the location of the property and the amount of the Equity Loan. No minimum draw required on loan. Flood insurance may be required. Owner occupancy required. 3. INTRODUCTORY RATE: Discount is available for new Equity Loan Applications. You must set up and maintain monthly payments for a minimum of 24 months or ANNUAL PERCENTAGE RATE (APR) discount will be removed and your loan will revert to the original note rate. For each of your first twelve (12) billing cycles, the monthly Periodic Rate for new transactions will be as low as 2.99% APR. Beginning with your thirteenth (13th) billing cycle the Periodic Rate and the corresponding (APR) for all transactions and balances will be based upon your contracted rate which will be a variable rate based upon The Wall Street Journal prime rate which was 3.25% as of 02/24/2015, but will never be more than 18%.Your contract APR will be based on several factors, including your credit history, loan to value ratio, property type, and lien status. A sample HELOC payment based on $100,000 at 2.99% APR for 20 years is $554.10. Terms and conditions subject to change without notice. Subject to credit approval. Rate may vary based on individual. 4.TruStage™ Auto and Home Insurance program is offered by TruStage Insurance Agency, LLC and issued by leading insurance companies. Discounts are not available in all states and discounts vary by state. The insurance offered is not a deposit and is not federally insured. This coverage is not sold or guaranteed by your credit union. TruStage™ Life Insurance is offered by TruStage Insurance Agency, LLC and issued by CMFG Life Insurance Company. The insurance offered is not a deposit and is not federally insured or guaranteed by your credit union.