NFCU-Newsletter-3Q20

GET A BIG TOY LOAN. GET UP TO $400 CASH BACK. PAGE 1 THIRD QUARTER 2020 UP TO Your savings federally insured to at least $250,000 and backed *With approved credit. Some restrictions apply. Member must be in good standing and receive a loan from Neches FCU in order to qualify. Valid on New Loans Only. Loan must be $10,000 or more to receive this offer, not including Real Estate Loans, Signature Loans, Credit Card, Share Secured Loans, and Line of Credit Loans. by the full faith and credit of the United States Government. Receive $100 for loans over $10,000, Receive $200 for loans over $20,000, Receive $300 for loans over $30,000, Receive $400 for loans over $40,000. While Supplies Last. Prize must be redeemed within 30 days of funding. May not be used in conjunction with other offers or giveaways. Valid June 1, 2020 to August 1, 2020.

In the market for a boat, golf cart or some other big toy? Well Neches is ready to play. With up to $400 cash back on your loan. We’re talking ATVs, 4-Wheelers, motorcycles, boats, RVs— even a new car or truck. Just get your loan from Neches, and get up to $400 cash back. RVs Jet Skis Golf Carts Boats ATVs Autos PLUS Apply online at nechesfcu.org or call a loan officer at (409) 722-1174 or (409) 860-0800.

UP TO Your savings federally insured to at least $250,000 and backed *With approved credit. Some restrictions apply. Member must be in good standing and receive a loan from Neches FCU in order to qualify. Valid on New Loans Only. Loan must by the full faith and credit of the United States Government. be $10,000 or more to receive this offer, not including Real Estate Loans, Signature Loans, Credit Card, Share Secured Loans, and Line of Credit Loans. Receive $100 for loans over $10,000, Receive $200 for loans over $20,000, Receive $300 for loans over $30,000, Receive $400 for loans over $40,000. While Supplies Last. Prize must be redeemed within 30 days of funding. May not be used in conjunction with other offers or giveaways. Valid June 1, 2020 to August 1, 2020. 2NECHES FEDERAL CREDIT UNION · THIRD QUARTER 2020

NFCU BE PREPARED SHRED DAY SEAHSUORNRIICSAHNEERE. t c Neches Federal Credit Union and Armor Shred have We are prepared. teamed up to provide our members and the community with a safe way to dispose of confidential documents at Be prepared for a disaster with Neches products: no cost. Armor Shred will be at the following locations: • Thousands of surcharge free ATM’s across the 2239 Nall St. location in Port Neches country. Friday, August 7th from 11:00am to 1:00pm • Online and phone apps that allow 24 hour access to your account such as mobile banking, 1955 Dowlen Rd. location in Beaumont remote deposit capture, bill pay, and more. Friday, August 14th from 11:00am to 1:00pm • Neches has a nationwide credit union shared branch network that will give members access 2623 Nederland Ave location in Nederland to their accounts from over 5,600 different credit union locations across the country. Friday, August 21st from 11:00am to 1:00pm • All debit and credit cards, online services, share There will be a limit of 5 banker boxes (10”X12”X15”) per drafts, direct deposits, and ACH transactions person. You may call 409-722-1174 with any questions are fully operational, even in the event of mandatory evacuations. regarding our Shred Day. • Our state of the art generator will allow us to NFCU operate at full capacity in the event of power outages. BACK TO SCHOOL • In the event of any mandatory evacuation, Neches is your resource for everything we are able to operate at full capacity at our you need for the fall semester. disaster recovery site. • Credit Card with Rewards • 0% Computer Loans You can call us toll free at: • First Time borrower’s discount 1-800-839-2436 • Signature Loans • Student Loans Use your loan for… • Tuition and Books • Laptops and PC’s • School supplies and clothes • And anything else you need for school See a Neches Representative for details. *SOME RESTRICTIONS MAY APPLY. SEE NECHES FCU FOR FULL TERMS AND DISCLOSURES.

HOME BANKING ONLINE LOAN PAYMENTS s You can pay your Neches loans directly from another financial institution! With ACH, debit cards and credit cards, you can make payments up to $2,500. Life is busy, time is valuable; manage your loan payments the easy way! To make a payment visit nechesfcu.org, click manage, then click on online loan payments. Make direct loan payments over the phone through Interactive Voice Recognition by calling 833-295-5589. If you are paying off your loan, please contact us at 409-722-1174 to obtain the correct payoff amount. To make payments to your Neches Credit Card, please visit www. GoToMyCard.com.  MOBILE MOBILE BANKING i Neches’ mobile banking solutions have you covered for all of your banking on the go or from the comfort of your home. Our mobile app offers: • Remote Deposit – easily deposit checks with our app and your device’s camera • Pop Money – Transfer money from person to person • Loan Application – apply for a loan easily from anywhere • Pay Bill – Quickly schedule one-time or recurring payments from anywhere for free • ATM Locator – Locate ATMs Nationwide Download the Neches App Today!! *Some restrictions apply. 4NECHES FEDERAL CREDIT UNION · THIRD QUARTER 2020

MONEY MANAGEMENT Loans from qualified plans Qualified plans such as a 401(k) can allow an employee to take out PCLAARNESREALCIETF: RPERTOIRVEISMIOENNTS a loan. These loans can generally be repaid over a period of up to five years. They’re also generally limited to the lesser of $50,000 Schedule an appointment today! or 50% of the total benefit the employee has a right to receive under the plan. However, for a coronavirus-related loan made Marioreen Gibson between March 27, 2020, and September 22, 2020, the loan limit is increased to $100,000 or 100% of the amount the employee can financial advisor, neches retirement rightfully receive under the plan (whichever amount is less). In and investment services the case of a loan outstanding after March 26, 2020, the due date for any repayment that would normally be due between March (409) 749-6315 27, 2020, and December 31, 2020, may be delayed by coronavirus- [email protected] related qualifying individuals for one year, and the delay period is disregarded in determining the five-year period and the term of The Coronavirus Aid, Relief, and Economic Security (CARES) Act the loan. was signed into law on March 27, 2020. This $2 trillion emergency relief package represents a bipartisan effort to assist both Most required minimum distributions (RMDs) suspended for individuals and businesses in the ongoing coronavirus pandemic 2020 and accompanying economic crisis. RMDs are generally required to start from an employer retirement plan or IRA by April 1 of the year after the plan participant or IRA Coronavirus-related distributions owner reaches age 70½ (age 72 for those who reach age 70½ after A 10% penalty tax generally applies to distributions from an 2019). The CARES Act suspends RMDs from IRAs and defined employer retirement plan or individual retirement account contribution plans (other than Section 457 plansbeneficiaries (IRA) before age 59½ unless an exception applies. Due to the after the death of the plan participant or IRA owner. A 50% coronavirus pandemic, the penalty tax will not apply to up to penalty applies to an RMD that is not made. The CARES Act $100,000 of coronavirus-related distributions to an individual suspends RMDs from IRAs and defined contribution plans (other during 2020. Additionally, income resulting from a coronavirus- than Section 457 plans. related distribution is spread over a three-year period for tax purposes unless an individual elects otherwise. Coronavirus- RREETTIRIREMEMENETN&TIN&VIENSVTEMSETNMT ESENRTVISCEERSVICES related distributions can also be paid back to an eligible retirement plan within three years of the day after the distribution FR-3136158.1-0620-0722 was received. Representatives are registered, securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA / SIPC , a registered broker/dealer and investment advisor, which is not an affiliate of the credit union. CBSI is under contract with the financial institution to make securities available to members. Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution. AUTO LOANS GET PRE-APPROVED! Being pre-approved before going to the dealership assures that you are receiving the best rate that you can get! Even if you make a spontaneous trip to the dealership, our dealer network enables you to finance your vehicle through Neches at the point of sale! You can be pre-approved at any of our locations, over the phone, or by applying online at nechesfcu.org. Take the wheel to your life’s next destination! GET PRE-APPROVED! ..and register to win an exclusive Neches RTIC Cooler* Name Account Phone *MUST BE PRE-APPROVED FOR A NECHES FCU AUTO LOAN AND BOOK THEIR LOAN WITHIN 30 DAYS OF PRE-APPROVAL. OFFER VALID UNTIL AUGUST 31, 2020.

CURSE AND THE CURE PROVIDES LIVE TUNES AT NECHES COLBY PACHUCA IS BC CHAMBER EMPLOYEE OF THE MONTH! NEDERLAND CCOORMNMEURNITY HERITAGE FESTIVAL Neches Federal Credit Union having fun and FUN giving back to the community every month! NECHES GO BRANCH NEDERLAND FULL SERVICE HERITAGE FESTIVAL AND PERFECT FOR FUN SOCIAL DISTANCING NCREDIBLE HANGING WITH EMPLOYEES LIFESHARE BLOOD DRIVE NECHES TEAMS UP WITH LAMAR BASKETBALL

P.O. Box 1118 | Port Neches, Texas 77651-1118 nechesfcu.org Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States MANAGEMENT BOARD OF DIRECTORS Government. This newsletter is informational in nature and does not purport to give legal, tax or financial advice. Jason Landry������������������������������� President/CEO Buddy Spivey, Chairman LOCATIONS Vickie Conkle ��������������������Senior VP of Operations Dave Bennett Paula Cappadonna�������������� Senior VP of Finance George Bryant, III PORT NECHES – Magnolia Ken Dollinger 776 Magnolia | 409-722-1174 HUMAN RESOURCES Bobby Gibson Lobby: M-Th 9am-5pm | Fri 9am-6pm John Hammond Drive-Thru: M-Th 7am-5pm | Fri 7am-6pm Kristen Stewart.��������������� VP of Human Resources Ronn Harmon Jay Hillin PORT NECHES – Nall INFORMATION SYSTEMS Andrea Johnson 2239 Nall | 409-727-1639 Charles Sanford Lobby: M-Th 9am-5pm | Fri 9am-6pm | Sat 9am-12pm John Heard������������������������������������������������ VP of IS Mario Watkins Drive-Thru: M-Th 7am-5pm | Fri 7am-6pm | Sat 9am-12noon CJ Isom LOANS Linda Thomas PORT NECHES – PNG High School 409-722-1174 Kristin Butler������������������� VP of Consumer Lending SUPERVISORY COMMITTEE M-Fri 7:30am-3:30pm Danette Mangioni������ Indirect Lending Supervisor Lisa Coffey������������������� Mortgage Lending Manager Darnell Hanson NEDERLAND Wayne Stokely�������� Commercial Lending Manager Pattilea Wilson 2623 Nederland Avenue | 409-729-2831 Marsha Dougharty������������ Collections Supervisor Lobby: M-Th 9am-5pm | Fri 9am-6pm Drive-Thru: M-Th 7am-5pm | Fri 7am-6pm | Sat 9am-12noon MARKETING & BUSINESS DEVELOPMENT NEDERLAND – Nederland High School Jason Duplant ������������� VP of Marketing & Business 409-722-1174 M-Fri 7:45am-3:30pm Development BEAUMONT – Dowlen Dawn Fournier����������AVP of Business Development 1955 Dowlen Road | 409-860-0800 Lobby: M-Th 9am-5pm | Fri 9am-6pm | Sat 9am-12pm ACCOUNTING Drive-Thru: M-Th 7am-5pm | Fri 7am-6pm | Sat 9am-12pm Jill Sandberg������������������������������ VP of Accounting BEAUMONT – Pearl 1254 Pearl Street | 409-832-4936 MEMBER FINANCIAL SERVICES Lobby: M-Th 9am-5pm | Fri 9am-6pm Drive-Thru: M-Th 7am-5pm | Fri 7am-6pm Marioreen Gibson����������������������Financial Advisor LUMBERTON NALL BRANCH 299 Country Lane Drive | 409-299-5277 Lobby: M-Th 9am-5:30pm | Fri 9am-6pm Kelly Chatelain �������������������������� Branch Manager Drive-Thru: M-Th 7:30am-5:30pm | Fri 7am-6pm | Sat 9am-12noon DOWLEN-BMT BRANCH LUMBERTON – Lumberton High School 409-299-5277 Kelly Hellweg������������������������������ Branch Manager M-Fri 7:30am-3:30pm DOWNTOWN-BMT BRANCH BRIDGE CITY 410 Texas Avenue | 409-238-6400 Lisa Taylor ������������������������������������ Branch Manager Lobby: M-Th 9am-5pm | Fri 9am-6pm Drive-Thru: M-Th 7am-5pm | Fri 7am-6pm | Sat 9am-12noon NEDERLAND BRANCH PORT ARTHUR - NECHES GO BRANCH Jessi Graham ����������������������������� Branch Manager 4821 Twin City Highway ITM Hours: M-F 9am-5pm LUMBERTON BRANCH ATM Hours: Open 24/7 Tina Warren ��������������������������������� Branch Manager COMPLIANCE Nancy Moseley ���������������������� Compliance Officer MAGNOLIA BRANCH Jacob Devillier����������������������������� Branch Manager BRIDGE CITY BRANCH Summer Plessala ����������������������� Branch Manager SERVICE CENTER Megan Woodard��������������� Service Center Manager UP Your savings federally insured to at least $250,000 and TO by the full faith and credit of the United States Governm PLUSWith approved credit. Some restrictions apply. While supplies last. APR = Annual Perc Rate. Interest rates are current as listed and are subject to change. Promotion valid Ja 6, 2020 to March 28, 2020. Must complete the application process for a home equity mortgage loan by March 28, 2020. Receive $1000 for loans over $150,000, receive $ loans over $100,000 and receive $300 for loans under $100,000. Prize must be rede 30 days of funding. Member may receive a 1099 Misc for tax purposes for prizes of $ more from Neches Federal Credit Union. Member is solely responsible for all taxes an consequences associated with the receipt of the reward given. Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. *With approved credit. Some restrictions apply. Member must be in good standing and receive a loan from Neches FCU in order to qualify. Valid on New Loans Only. Loan must be $10,000 or more to receive this offer, not including Real Estate Loans, Signature Loans, Credit Card, Share Secured Loans, and Line of Credit Loans. Receive $100 for loans over $10,000, Receive $200 for loans over $20,000, Receive $300 for loans over $30,000, Receive $400 for loans over $40,000. While Supplies Last. Prize must be redeemed within 30 days of funding. May not be used in conjunction with other offers or giveaways. Valid June 1, 2020 to August 1, 2020.