NFCU-Newsletter-1Q20

GET A HOME LOAN. GET UP TO $1000. PAGE 1 FIRST QUARTER 2020 *WITH APPROVED CREDIT, SOME RESTRICTIONS MAY APPLY. SEE INSIDE COVER FOR MORE DETAILS.

Home Equity Mortgage 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. While supplies last. APR = Annual Percentage Rate. Interest rates are current as listed and are subject to change. Promotion valid January 6, 2020 to March 28, 2020. Must complete the application process for a home equity loan or mortgage loan by March 28, 2020. Receive $1000 for loans over $150,000, receive $500 for loans over $100,000 and receive $300 for loans under $100,000. Prize must be redeemed within 30 days of funding. Member may receive a 1099 Misc for tax purposes for prizes of $600 or more from Neches Federal Credit Union. Member is solely responsible for all taxes and reporting consequences associated with the receipt of the reward given.

NFCU BOAT LOANS 2 Let Neches float your boat! Found the boat of your dreams? Neches is here to make that dream a reality. We can help you finance a new or used boat or refinance your current boat loan. With great rates and terms up to 144 months we have the perfect boat loan for you. Contact us today to learn more about special offers and rates! Get a boat loan. Get a cooler. And now through February 28, 2020, if you get a boat loan through Neches you receive a complimentary Neches RTIC cooler. Start your application today at nechesfcu.org. With Approved Credit. Some restrictions apply.Valid January 1, 2019 through February 28, 2019. Not Your savings federally insured to at least $250,000 and backed With Approved Credit. Some Restrictions may apply. to be combined with any other offer. Members must be in good standing and receive a boat loan over by the full faith and credit of the United States Government. $20,000 to qualify. Prize must be received within 30 days of funding.While supplies last. LIMITED TIME ONLY GET PRCEH-AAPNPCREOTVOEWD AINNADNHAVE A NAME: Being pre-approved for your next loan puts you ahead of the PHONE #: game, assures that you are receiving the best deal that you ACCOUNT #: 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 BRING THIS IN TO ANY of our locations, over the phone, or online at nechesfcu.org. NECHES BRANCH! Our loan officers are fast, knowledgeable, and will work hard to save you money. And also, for a limited time, when you get pre-approved you will be entered to win a pair of Apple AirPods Pro. With Approved Credit. Some restrictions may apply. Valid January 1, 2020 to March 15, 2020. See nechesfcu.org for more details. Loan from pre-approval must fund to qualify.

NFCU A retired Lab Technician, Smith turned 96 on October 17. “He now walks with a cane but his mind is sharp,” SERVICE Landry said. “Jim has been a solid leader for decades.” MEMORANDUM Landry noted that only weeks after Smith’s retirement, , the board lost another veteran member when Mark Majors III passed away at age 80. Has anyone served a credit union longer than James M. (Jim) Smith? That’s the questions asked by Jason Landry, President and CEO of Majors’ 40-year association with the credit union began Neches Federal Credit Union, when he announced Smith’s retirement with an appointment to the Supervisory Committee. He from the Board of Directors. “He was involved with our credit union was elected to the board in 1998, serving as Treasurer for for an amazing 62 years and eight months,” Landry noted. fifteen of those years. Smith’s association with the credit union movement began in A graduate of Texas A&M and an Air Force veteran, 1956 when directors of the newly-charted Jefferson Chemical FCU Majors was a Project Engineer at Jefferson Chemical appointed him to the Supervisory Committee. Elected to the board in Co. “During the planning for our new headquarters, we 1958, he served six years before a seven-year assignment to the Credit highly valued his wisdom, comments and suggestions,” Committee. Landry said. “He is missed.” In 1971, Smith was reelected to the Board of Directors, serving JIM SMITH MARK MAJORS faithfully for the next 47 years and eight months before his retirement. At the start of his tenure, the fledging credit union operated out of a trailer with only one paid staff member. With steady growth and mergers, NFCU has 10 offices, 185 employees, over $650 million in assets, 65,367 plus members and is looking forward to the opening of its new headquarters next year. NFCU TRANSFER YOUR EXISTING CREDIT CARD BALANCES k Save on interest and fees with a Neches Credit Card. Take advantage of our low rate of 2.9% APR* on balance transfers. By transferring your existing balances to a Neches credit card you receive the following benefits. • Save money on existing credit card debt to pay down your debt faster. • Enjoy reward points on your NFCU credit card. • No balance transfer fees and a very low balance transfer rate of 2.9% APR for a 6-month term. • Transfer your balance today by logging into your account at gotomycard.com or by calling or visiting any NFCU branch. • Access your credit card through the Neches app. *SOME RESTRICTIONS MAY APPLY. WITH APPROVED CREDIT. ANNUAL PERCENTAGE RATE. BALANCE TRANSFER RATE OF 2.9% APR IS GOOD FOR A 6 MONTH TERM.

ATTENTION ALL MEETING GRADUATING ANNUAML EMEETMINBGERSHIP SENIORS N B Thursday, January 30, 2020 | Rockin’ A Café in Beaumont, TX Registration 5:30pm | Meeting 6:00pm Scholarships NOW Available. Join us for popcorn, cookies and drinks. See how we performed Graduation is coming soon and Neches this year. Door prizes will be awarded! Federal Credit Union will be giving scholarships to graduating seniors NEWS preparing to attend college. Any NEW PCAOYMMINENGTSPOLOANT!FORM graduating senior that is a member may apply. Applications are available at all 8 Neches locations or online at nechesfcu.org. Completed applications Signature service is our upmost priority and SOON we will have a solution that makes paying your loans even easier! Our new Payment must be turned in no later than Monday, Platform will allow you to make payments through the convenience of April 6, 2020. The scholarship applicant additional channels. must be a member of Neches Federal Our Payment Platform will allow you to pay your Neches loans from Credit Union in order to be eligible for the another financial institution through ACH, debit cards and credit cards. Life is busy, time is valuable; manage your loan payments the easy way. scholarship. Coming soon to Neches! Congratulations and good luck! 4NECHES FEDERAL CREDIT UNION · FIRST QUARTER 2020

BUSINESS NLEECNHDEINSGBOUFSFINERESSS: • Line of Credit • Term and Equipment Loans • Commercial Mortgage Loans • Business Credit Card Call Wayne Stokely at 409-749-6359 for an appointment today! Wayne Stokely Commercial Lending Manager INVESTMENT WAHRYOCLOLONVSEIDRE?R When you roll over a distribution from a 401(k), 403(b), or governmental 457(b) plan, you generally don’t pay any taxes until you receive a distribution from the new plan or IRA. If you take a distribution but don’t roll it over, it will be subject to federal (and possibly state) income taxes (except for any after-tax contributions you’ve made). And if you haven’t yet reached age 59 ½, you may also be subject to a 10% early distribution penalty tax unless you’re eligible for an exception. If you take a cash distribution, you’re also foregoing any further tax-advantage growth. And if you spend the funds, you may not have sufficient assets to last throughout retirement. Prior to requesting a rollover from your employer-sponsored retirement account to an Individual Retirement Account (IRA), you should consider whether the rollover is suitable for you. There may be important differences in features, costs, services, withdrawal options and other important aspects between your employer sponsored retirement account and an IRA. If your distribution includes employer stock or other securities, special tax rules may apply that can make taking a distribution more advantageous than making a rollover. Consult a tax professional. For more details, call or email Mario Gibson. 409-749-6315 • [email protected] 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-2836816.1-1119-1221

NECHES VETERAN’S DAY 5K FUNDRAISER! NECHES TEAM NECHES NIGHT EXCELS AT OUT FOOTBALL THE PINNACLE GAMES! AWARDS! CCOORMNMEURNITY SHOP SMALL SHOP LOCAL, Neches Federal Credit Union having fun and SHOP 409! giving back to the community every month! TOUCH A TRUCK NECHES CARE TEAM WITH BEAUMONT FD NECHES EMPLOYEES NECHES SPORTING THEIR SETX EMPLOYEES AT THE GIFT OF STRONG SHIRTS! LIFE EVENT FIRE PREVENTION FESTIVAL FESTIVAL FUN

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 Lisa Rowland ������������������������������������ VP of Loans SUPERVISORY COMMITTEE M-Fri 7:30am-3:30pm Kristin Butler������������������� VP of Lending Strategies Danette Mangioni������ Indirect Lending Supervisor John DeVillier NEDERLAND Wayne Stokely�������� Commercial Lending Manager Darnell Hanson 2623 Nederland Avenue | 409-729-2831 Marsha Dougharty������������ Collections Supervisor Pattilea Wilson Lobby: M-Th 9am-5pm | Fri 9am-6pm Drive-Thru: M-Th 7am-5pm | Fri 7am-6pm | Sat 9am-12noon MARKETING & BUSINESS DEVELOPMENT Your savings federally insured to at least $250,000 and by the full faith and credit of the United States Governm NEDERLAND – Nederland High School Jason Duplant ������������� VP of Marketing & Business With approved credit. Some restrictions apply. While supplies last. APR = Annual Perc 409-722-1174 Rate. Interest rates are current as listed and are subject to change. Promotion valid Ja M-Fri 7:45am-3:30pm Development 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 $ BEAUMONT – Dowlen Dawn Fournier����������AVP of Business Development loans over $100,000 and receive $300 for loans under $100,000. Prize must be rede 1955 Dowlen Road | 409-860-0800 30 days of funding. Member may receive a 1099 Misc for tax purposes for prizes of $ Lobby: M-Th 9am-5pm | Fri 9am-6pm | Sat 9am-12pm ACCOUNTING more from Neches Federal Credit Union. Member is solely responsible for all taxes an Drive-Thru: M-Th 7am-5pm | Fri 7am-6pm | Sat 9am-12pm consequences associated with the receipt of the reward given. 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 MEMBER SERVICES 299 Country Lane Drive | 409-299-5277 Alta Frazier���������������������AVP of Research & Product Lobby: M-Th 9am-5:30pm | Fri 9am-6pm Drive-Thru: M-Th 7:30am-5:30pm | Fri 7am-6pm | Sat 9am-12noon NALL BRANCH Development/MSR LUMBERTON – Lumberton High School Kelly Chatelain �������������������������� Branch Manager 409-299-5277 M-Fri 7:30am-3:30pm DOWLEN-BMT BRANCH BRIDGE CITY Kelly Hellweg������������������������������ Branch Manager 410 Texas Avenue | 409-238-6400 Lobby: M-Th 9am-5pm | Fri 9am-6pm DOWNTOWN-BMT BRANCH Drive-Thru: M-Th 7am-5pm | Fri 7am-6pm | Sat 9am-12noon Lisa Taylor ������������������������������������ Branch Manager NEDERLAND BRANCH Jessi Graham ����������������������������� Branch Manager LUMBERTON BRANCH 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 Your savings federally insured to at least $250,000 and backed With approved credit. Some restrictions apply. While supplies last. APR = Annual Percentage Rate. Interest rates are current as listed and by the full faith and credit of the United States Government. are subject to change. Promotion valid January 6, 2020 to March 28, 2020. Must complete the application process for a home equity loan or mortgage loan by March 28, 2020. Receive $1000 for loans over $150,000, receive $500 for loans over $100,000 and receive $300 for loans under $100,000. Prize must be redeemed with 30 days of funding. Member may receive a 1099 Misc for tax purposes for prizes of $600 or more from Neches Federal Credit Union. Member is solely responsible for all taxes and reporting consequences associated with the receipt of the reward given.