NFCU-Newsletter-2Q21

GET A LOAN. GET AN RTIC COOLER. PAGE 1 SECOND QUARTER 2021

EXTIN GET A LOAN. GET A COOLER. Auto loans, home loans, toy loans— even debt consolidation! Get your loan from Neches and choose your color of RTIC soft cooler. PLUS you’ll be entered to win a golf cart.* AUTO LOANS HOME LOANS TOY LOANS DEBT CONSOLIDATION Your savings federally insured to at least $250,000 and backed With approved credit. Some restrictions apply. APR = Annual Percentage Rate. Rate subject to credit approval. Rate is subject to change without notice. Valid on new loans only. Excludes share secured by the full faith and credit of the United States Government. loans, line of credit loans, and credit cards. Members must be in good standing and receive a qualifying loan over $15,000 to receive an RTIC Cooler and be automatically entered to win the golf cart. All taxes and reporting consequences thereof associated with the receipt of the grand prize are solely the responsibility of the winner who will receive an IRS Form 1099 reflecting the actual value of the prize. Promotion Valid March 22, 2021 to April 30, 2021. While supplies last. Prize must be redeemed within 30 days of funding. May not be combined with any other offers.

BE A CREDIT UNION SAVER AND. .. YOWgUoilRlESnXAeTVvIINeNGrCS T Live Learn Grow Make a deposit of $25 or more to receive a sports pack and entry to win an Oculus Quest 2. Members 0-12 years of age Make a deposit of $100 or more to receive a sports pack, piggy bank, and entry to win an Oculus Quest 2. POWERED BY NECHES FCU Make a deposit of $25 or more to receive a sports pack and entry to win an Oculus Quest 2. Members 13-18 years of age Make a deposit of $100 or more to receive a sports pack, smart wallet and entry to win an Oculus Quest 2. *S OME RE ST RICT IONS A PPLY. OFFER VA L ID A PRIL 5, 2021 TO APRIL 30, 2021. ONE PER PERSON. WHILE SUPPLIES LAST. 2NECHES FEDERAL CREDIT UNION · SECOND QUARTER 2021

BUSINESS LOANS CREDIT CARD NECHES BUSINESS NECHES CREDIT CARD LENDING OFFERS: WITH REWARDS • Line of Credit Reward yourself for everyday purchases with • Term and Equipment Loans the Neches Credit Card with Rewards. • Commercial Mortgage Loans • Business Credit Cards Every purchase you make with your Neches Credit Card will earn points that add up fast and can be used for dining, travel, gift cards, electronics, and much more. Apply today and start enjoying your rewards and the other great benefits of a Neches Credit Card: • 2.9% APR introductory rate for 6 months • No annual fee RETIREMENT & INVESTME•N TNSoERbVaIClaEnS ce transfer fees • 2.9% APR on all balance transfers for 6 months Call Wayne Stokely • Annual skip-a-pay at 409-749-6359 for an appointment today! Wayne Stokely Your savings federally insured to at least $250,000 and backed *With Approved Credit. Some restrictions apply. See Neches FCU for complete details. APR = Annual Percentage Rate. by the full faith and credit of the United States Government. Introductory Rate and Special Balance Transfer Rate applies for six months then reverts to the rate according to you credit Commercial Lending Manager card. Balance Transfers do not earn reward points. Register your credit card at uchooserewards.com to start earning points. AUTO LOANS GET PRE-APPROVED! Being pre-approved for your next loan puts you ahead of the game, assures that you are receiving the best deal that you can get, and will save you time at the dealership as you look for your new truck or car. You can be pre-approved at any of our locations, over the phone, or online at nechesfcu.org. Our loan officers are fast, knowledgeable, and will work hard to save you money. 1.75%RATES AS LOW AS GET PRE-APPROVED! *APR ..and register to win an Oculus Quest 2 VR Headset* Name Account Phone *WITH APPROVED CREDIT. SOME RESTRICTIONS MAY APPLY. VALID APRIL 1, 2021 TO JUNE 12, 2021. SEE NECHESFCU.ORG FOR MORE DETAILS. LOAN FROM PRE-APPROVAL MUST FUND TO QUALIFY.

INTERNET SAFETY SAFETY TIPS: STAY INFORMED. • Don’t select links in e-mails, text STAY SAFE. messages, facebook posts, or direct messages that ask for personal & information. Important information to protect your • Never open unexpected attachments. sensitive Neches information. • Delete suspicious messages, even if you Phishing is when Internet fraudsters impersonate a business to trick know the source. you into giving them your personal information, such as usernames, passwords and credit card details. Legitimate businesses don’t ask Neches will never ask for your personal information, debit card number, or your you to send sensitive information through insecure channels.  We have been made aware that this has been happening to many local social security number, etc. businesses in our area. For example, a fraudulent Facebook page or website may claim to register you to win a door prize with an illicit survey that solicits credit/debit card info, account numbers, and confidential personal information. Neches will never ask credit union members or the general public for personal account or personally identifiable information as part of a contest. Visit Nechesfcu.org/fraud-prevention.html for more details. DEBIT CARD DEBIT CARD CONTROL Protect the Neches Debit Card in your wallet with the phone in your pocket, or with the computer in your home! Determine WHEN, WHERE and HOW you use your card with Debit Card Control. Your card, on your terms; play it safe with Neches Debit Card Control. • Turn your debit card On or Off with the touch of a button in your Neches app or with Neches home banking. • Receive alerts when your debit card is used, approved or exceeds the transaction controls you set. • Set declines and alerts by spending limits - great for parents or employers. • Manage all debit cards associated with your account. To learn more scan the QR code to watch a quick video on Debit Card Control. 4NECHES FEDERAL CREDIT UNION · SECOND QUARTER 2021

MONEY MANAGEMENT Choose the right IRA for you Assuming you qualify to use both, which type of UNDERSTANDING IRA is best for you? Sometimes the choice is easy. IRAS The Roth IRA will probably be a more effective tool if you don’t qualify for tax-deductible contributions An individual retirement arrangement (IRA) is a personal to a traditional IRA. However, if you can deduct savings plan that offers specific tax benefits. IRAs are one of the your traditional IRA contributions, the choice most powerful retirement savings tools available to you. Even if is more difficult. The Roth IRA may very well you’re contributing to a 401(k) or other plan at work, you might make more sense if you want to minimize taxes also consider investing in an IRA. during retirement and preserve assets for your beneficiaries. But a traditional deductible IRA may The two major types of IRAs are traditional IRAs and Roth be a better tool if you want to lower your yearly tax IRAs. Both allow you to contribute as much as $6,000 in 2021 bill while you’re still working (and probably in a (unchanged from 2020). You must have at least as much taxable higher tax bracket than you’ll be in after you retire). compensation as the amount of your IRA contribution. But if A financial professional or tax advisor can help you you are married filing jointly, your spouse can also contribute to pick the right type of IRA for you. an IRA, even if he or she has little or no taxable compensation, as long as your combined compensation is at least equal to your Note: You can have both a traditional IRA and a Roth IRA, total contributions. The law also allows taxpayers age 50 and but your total annual contribution to all of the IRAs that older to make additional “catch-up” contributions. These folks you own cannot be more than $6,000 for 2021 ($7,000 if can contribute up to $7,000 in 2021. you’re age 50 or older). Both traditional and Roth IRAs feature tax-sheltered growth of Marioreen Gibson earnings. And both give you a wide range of investment choices. However, there are important differences between these two financial advisor, neches retirement types of IRAs. You must understand these differences before and investment services you can choose the type of IRA that’s best for you. (409) 749-6315 [email protected] Broadridge Investor Communication Solutions, Inc. does not provide investment, tax, legal, orretirement advice or recommendations. The information presented here is not specific to any individual’s personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances. These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable — we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice. 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. FR-3468853.1-0221-0323 ANNIVERSARY NECHES GO BRANCH We are celebrating our one year anniversary of our Neches Go Branch at 4821 North Twin City in Port Arthur (next to Casa Ole’). This state of the art location is called a ‘Go’ branch because it’s main purpose is to serve our members quickly through use of our three Interactive Teller Machines (ITM). An ITM is different from and ATM because you are able to speak and do business with a LIVE person. It looks a lot like an ATM but offers additional functionality including the ability to have a one-on-one conversation with your teller via a touch screen monitor. At the Neches Go ITMs, during standard business hours, you will have the ability to deposit cash or checks, make cash withdrawals, transfer money, pay a loan, or ask account questions. Also, the ITM functions as a full service ATM during hours that the credit union is not open. If you’re in the Port Arthur/Groves area feel free to give our Neches Go location a try.

LET’S PLAY BALL! NECHES IS A PROUD SPONSOR OF OUR AREA LITTLE LEAGUES! OUR NECHES IT DEPT. HAD THE PLEASURE OF DONATING COMPUTERS AND MONITORS TO BISD AND SCHOOL CCOORMNMEURNITY OFMONTESSORI–NEDERLAND. Neches Federal Credit Union having fun and giving back to the community every month! NECHES DELIVERS VALENTINE TREATS TO THE COVID AND PEDIATRIC NURSES AT ST. ELIZABETH HOSPITAL. NECHES NIGHT SUPPORTING CU4KIDS/CMN LU BASEBALL! NECHES’ RAISES OVER $9600 FOR CU4KIDS/CMN DURING OUR FEBRUARY FUNDRAISER. THANK YOU TO OUR MEMBERS, EMPLOYEES, AND COMMUNITY FOR YOUR DONATIONS.

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 Government. This newsletter is informational in nature and does not purport to give legal, tax or financial advice. LOCATIONS MANAGEMENT BOARD OF DIRECTORS PORT NECHES – Magnolia Jason Landry������������������������������� President/CEO Buddy Spivey, Chairman 776 Magnolia | 409-722-1174 Vickie Conkle ��������������������Senior VP of Operations Dave Bennett Lobby: M-Th 9am-5pm | Fri 9am-6pm Paula Cappadonna�������������� Senior VP of Finance George Bryant, III Drive-Thru: M-Th 7am-5pm | Fri 7am-6pm Ken Dollinger HUMAN RESOURCES Bobby Gibson PORT NECHES – Nall John Hammond 2239 Nall | 409-727-1639 Kristen Stewart.��������������� VP of Human Resources Ronn Harmon Lobby: M-Th 9am-5pm | Fri 9am-6pm | Sat 9am-12pm Jay Hillin Drive-Thru: M-Th 7am-5pm | Fri 7am-6pm | Sat 9am-12noon INFORMATION SYSTEMS Andrea Johnson Charles Sanford PORT NECHES – PNG High School John Heard������������������������������������������������ VP of IS Mario Watkins 409-722-1174 CJ Isom M-Fri 7:30am-3:30pm LOANS Linda Thomas NEDERLAND Kristin Butler������������������� VP of Consumer Lending SUPERVISORY COMMITTEE 2623 Nederland Avenue | 409-729-2831 Danette Mangioni������ Indirect Lending Supervisor Lobby: M-Th 9am-5pm | Fri 9am-6pm Lisa Coffey������������������� Mortgage Lending Manager Darnell Hanson Drive-Thru: M-Th 7am-5pm | Fri 7am-6pm | Sat 9am-12noon Wayne Stokely�������� Commercial Lending Manager Pattilea Wilson Marsha Dougharty������������ Collections Supervisor NEDERLAND – Nederland High School 409-722-1174 MARKETING & BUSINESS DEVELOPMENT M-Fri 7:45am-3:30pm Jason Duplant ������������� VP of Marketing & Business BEAUMONT – Dowlen 1955 Dowlen Road | 409-860-0800 Development Lobby: M-Th 9am-5pm | Fri 9am-6pm | Sat 9am-12pm Drive-Thru: M-Th 7am-5pm | Fri 7am-6pm | Sat 9am-12pm Dawn Fournier����������AVP of Business Development BEAUMONT – Pearl ACCOUNTING 1254 Pearl Street | 409-832-4936 Lobby: M-Th 9am-5pm | Fri 9am-6pm Jill Sandberg������������������������������ VP of Accounting Drive-Thru: M-Th 7am-5pm | Fri 7am-6pm OPERATIONAL SUPPORT / LUMBERTON PRODUCT & SERVICE DEVELOPMENT 299 Country Lane Drive | 409-299-5277 Lobby: M-Th 9am-5:30pm | Fri 9am-6pm Jacob Devillier������������ AVP of Operational Support/ Drive-Thru: M-Th 7:30am-5:30pm | Fri 7am-6pm | Sat 9am-12noon Product & Service Development LUMBERTON – Lumberton High School 409-299-5277 MEMBER FINANCIAL SERVICES M-Fri 7:30am-3:30pm Marioreen Gibson����������������������Financial Advisor BRIDGE CITY 410 Texas Avenue | 409-238-6400 NALL BRANCH Lobby: M-Th 9am-5pm | Fri 9am-6pm Drive-Thru: M-Th 7am-5pm | Fri 7am-6pm | Sat 9am-12noon Kelly Chatelain �������������������������� Branch Manager PORT ARTHUR - NECHES GO BRANCH DOWLEN-BMT BRANCH 4821 Twin City Highway ITM Hours: M-F 9am-5pm Kelly Hellweg������������������������������ Branch Manager ATM Hours: Open 24/7 DOWNTOWN-BMT BRANCH Lisa Taylor ������������������������������������ Branch Manager NEDERLAND BRANCH Jessi Graham ����������������������������� Branch Manager LUMBERTON BRANCH Tina Warren ��������������������������������� Branch Manager COMPLIANCE Nancy Moseley ���������������������� Compliance Officer BRIDGE CITY BRANCH Summer Plessala ����������������������� Branch Manager SERVICE CENTER Megan Woodard��������������� Service Center Manager Your savings federally insured to at least $250,000 and by the full faith and credit of the United States Govern With approved credit. Some restrictions apply. While supplies last. APR = Annual Pe Rate. Interest rates are current as listed and are subject to change. Promotion valid J Get a loan. Get an RTIC cooler.6,2020toMarch28,2020.Mustcompletetheapplicationprocessforahomeequit 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 red 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 a And be entered to win a golf cart.consequencesassociatedwiththereceiptoftherewardgiven. Your savings federally insured to at least $250,000 and backed With approved credit. Some restrictions apply. APR = Annual Percentage Rate. Rate subject to credit approval. Rate is subject to change without notice. Valid on new loans only. Excludes share secured by the full faith and credit of the United States Government. loans, line of credit loans, and credit cards. Members must be in good standing and receive a qualifying loan over $15,000 to receive an RTIC Cooler and be automatically entered to win the golf cart. All taxes and reporting consequences thereof associated with the receipt of the grand prize are solely the responsibility of the winner who will receive an IRS Form 1099 reflecting the actual value of the prize. Promotion Valid March 22, 2021 to April 30, 2021. While supplies last. Prize must be redeemed within 30 days of funding. May not be combined with any other offers.