July eNewsletter

July eNewsletter       Providing Savings for Life’s Important Moments   Whether you’re looking to purchase a new home or refinance your current one, our mortgage experts are here to help you find the right loan to fit your needs... now and for years to come.   For a limited time, apply today and receive: Financing up to 90% Loan-To-Value (LTV) with no Private Mortgage Insurance (PMI) required Up to $1,000 towards closing costs  on new home purchases or refinances* Call 1-877-4PENAIR, Ext. 8360, visit penair.org/Mortgage, or visit us today!    MLS#: 413053. *Credit can only be applied towards payment of closing costs, up to a total of $1,000 on primary residences only. Not available on home equity loans or home equity lines of credit or unimproved property loans. Cannot be combined with any other offer. Standard credit qualifications and other terms and conditions apply. This does not represent an offer to enter a loan agreement. Loans subject to credit approval. Products, rates and terms subject to change without notice. Limited time only beginning July 1, 2014. Refinancing of mortgage loans currently with Pen Air FCU do not qualify for offer. Call 1-877-4PENAIR for additional details.           Milton Branch Remodel Pardon our progress while we build a better way to serve you   Starting August 8, our Milton branch walk-up ATM will be closing as we embark on some exciting and innovative improvements. As our expansion continues our drive-thru will also be closing on August 15 with our remote drive-thru, located next to the branch, remaining open to serve you. We will continue to provide you updates with our progress.   For a complete list of our branch and ATM locations visit penair.org/Locations, or download our Mobile App.         Waggin’ our Tails in the Community Our employees raised $7,500 for the Pensacola Humane Society   The employees of Pen Air FCU are waggin’ their tails about the gift of $7,500 presented to the Pensacola Humane Society on June 19, 2014. Several of our employees, the staff and Board of Directors of the Pensacola Humane Society gathered to share in the joy of the check presentation. This is the second of four check presentations for 2014. The first quarter recipient was the Children’s Home Society of Florida.   These funds are raised through our Jeans for Generosity program. The program is an employee-driven fundraising effort to support employee-selected local non-profit organizations. To see more furry photos, visit our Facebook page!       Moving Your Retirement is an Important Decision What should you do with your retirement plan if you're changing jobs or retiring? It’s essential that you make this decision and the proper arrangements before you leave your company or you could lose a large portion of your savings to taxes or penalty fees. You should be aware of certain details if you choose to move your retirement plan. Federal law requires that your employer withhold 20 percent of your retirement plan distribution unless you directly roll it over into an Individual Retirement Account (IRA)  or your new employer’s plan. If this 20 percent is not replaced within your retirement account, you may owe regular income taxes and a 10 percent early withdrawal penalty on the amount. There is an easy way to protect your money and keep it tax-deferred – a direct rollover into another IRA. Key benefits of an IRA: Keep your retirement savings tax deferred – An IRA offers the potential for any earnings to grow faster than in a comparable taxable account. Avoid 20% withholding – You can keep your account intact. Convenience and flexibility – It’s easy to open an IRA rollover account. You may be able to add additional contributions to your IRA depending upon your situation, although this may not be appropriate for every investor. The advisors at Pen Air Asset Management can help you understand how an IRA may help you meet your retirement objectives. Call Tiffany Cherry at (850) 505-3200, Ext. 8332 today for a free consultation.   Cetera Financial Services, Inc. is an independent, registered broker/dealer. Member FINRA/SIPC. Securities and insurance products offered by Cetera: Not FDIC/NCUSIF insured, may go down in value, not a deposit, not financial institution guaranteed, not insured by any federal government agency. Registered Address: 1495 E. Nine Mile Rd., Pensacola, FL 32514. Advisory services may only be offered by Investment Adviser Representatives in connection with an appropriate Cetera Investment Advisors, LLC Agreement and disclosure brochure as provided.       Click. Pay. Time to Play! Sign up or log in to Online Banking, pay your bills, and automatically be entered for one of five chances to win $1,000! Pay at least three bills now through July 31, 2014, and be entered for a chance to win. The more bills you pay, the more chances you have to win!   Forget the hassle of remembering when your payments are due...schedule them online so you can focus on what's important to you. Set up individual and business payees easily and quickly. Simply and securely track and manage your finances all in one place through Online Banking with Bill Pay View and schedule your online bill payments in advance or on a recurring basis for added convenience. Set up payment reminders to help keep track of when your payments are due.   Visit penair.org/OnlineBanking for Official Rules and details.         Travelers Cheques   Effective 10/1/14 we will no longer be offering American Express Travelers Cheques. A safe, widely accepted alternative is the Pen Air FCU Cash Card. It can be used anywhere VISA® is accepted worldwide providing you a safe, secure, and convenient alternative when you travel. For more information visit penair.org/CashCard.       Upcoming Events: Friday, July 4th: Pen Air FCU branches will be closed in observance of Independence Day. Access your account through Online Banking or Mobile Banking. Have a safe and happy holiday. Wednesday, July 9 - Summer Salute Concert: Tour for the Troops with country music artist, Chris Young. Located on NAS Pensacola, gates open at 5 pm and concert at 6 pm. Must have concert ticket to enter on to the base. Sunday, July 13 – “Take Me Out to the Ballgame” My2Cents Summer Event: My2Cents Club members are invited to join us for a day at the Maritime Park with the Pensacola Blue Wahoos. Free for My2Cents Club members, $6.00 for additional party guests. RSVP by Monday, July 7 at My2CentsClub.com Wednesday, July 16 - Penny’s “Wild About Saving” Birthday Party (AL) at the Alabama Gulf Coast Zoo. Penny Savers Club members are invited to join us for a fun day at the zoo! Free for Penny Savers Club members, $5.50 for additional party guests. RSVP by Monday, July 11 at PennySaversClub.com. Monday, July 21- Penny’s “Wild About Saving” Birthday Party (FL) at the Gulf Breeze Zoo. Penny Savers Club members are invited to join us for a fun day at the zoo. Free for Penny Savers Club members, $8.00 for children and $13.95 for adults who are additional party guests. RSVP by Monday, July 11 at PennySaversClub.com.