NFCU-Newsletter-3Q23ProofFinal

GET A LOAN. GET FOUR HOUSTON ASTROS TICKETS. PAGE 1 THIRD QUARTER 2023 GET A LOAN. GET FOUR TICKETS.

get a loan. Get Four Tickets. PLUS 90 days no payLONOASENLESCT* PLUS: HAVE A CHANCE TO WIN A VIP EXPERIENCE Experience Includes: (4) Premium Astros Tickets, (4) Batting Practice Tickets, (4) Gallagher Passes, (1) Parking Pass, and Houston Astros Jersey. Call a Loan Officer Apply Online Video Chat (409) 722-1174 nechesfcu.org with a loan officer With approved credit. Some restrictions apply. Valid on new loans only. Excludes share secured loans, line of credit loans, and credit cards. Members must be in good standing and receive a qualifying loan over $20,000 to receive a reward. Promotion Valid April 3, 2023 to August 31, 2023. While supplies last. Astros ticket vouchers must be claimed within 30 days of funding. Four pack of tickets subject to the rules and qualifications of the Houston Astros. Instructions for receiving 4 pack of Astros tickets will be given at the time of funding. Blackout dates apply. May not be combined with any other offers. PROMO EXTENDED UNTIL AUGUST 31

YOUR HOME FOR HOME LOANS All Neches Home Loans stay in-house and local. Neches Rate Lock Solution: Home Loans We Offer: 6 Lock your rate in for 6 months while you are shopping for your • Interim Construction new home or while building your • Home Equity Loans dream home. • Land Loans • Home Improvement Loans Neches Rate Drop Solution: • Mortgage If rates drop, you can refinance With approved credit. Some restrictions apply. Neches Rate Drop Solution is your mortgage loan at the new for loans closed on or after February 13, 2023. The Neches Rate Lock Solution lower rate within the first 3 years is for interim construction loans and mortgage loans only. The Neches Rate with no refinance fees. Drop Solution is for mortgage loans only. GRAND SLAM CAR SALE EVENT Buy from Granger and finance with Neches FCU AND RECEIVE $100 CASH AND A RTIC SOFT COOLER. July 1st - 31st 2 Purchase from Granger and finance with Neches FCU and you will receive $100 CASH and a Rtic Soft Cooler. With approved credit. Some restrictions apply. Neches Rate Drop Solution is for loans closed on or after February 13, 2023. The Neches Rate Lock Solution is for interim construction loans and mortgage loans only. The Neches Rate Drop Solution is for mortgage loans only.

NFCU BACK TO SCHOOL Neches is your resource for everything you need for the fall semester. • Credit Card with Rewards • 0% Computer Loans • First Time borrower’s discount • 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. NECHES NPOWER YOUTH DEBIT CARD Joining is easy We understand the importance of teaching our kids about financial responsibility from an early Scan the QR Code age. That’s why we’re thrilled to offer the Neches to open your minor’s nPower Youth Debit Card, an incredible tool to help accounts online or visit your children develop smart money habits while any Neches location. Let’s shape the next giving you full peace of mind. generation of savers The Neches nPower Youth Debit Card is tailored together! exclusively for ages 8-17 and comes packed with features you’ll love: • 10% APR Checking: We believe in rewarding responsible saving habits. With our nPower Youth Debit Card, your child can earn up to an impressive 10% APR* on their checking balance—helping them grow their savings faster! • Full Parental Controls: Take control of your child’s spending by setting limits, managing transactions, and monitoring their financial activity—all from the convenience of your smartphone. • Empower Financial Independence: The Neches nPower Youth Debit Card empowers your child to learn financial independence in a safe and controlled environment. They can make purchases online or in stores, track their expenses, and gain valuable money management skills. Teach your children the value of money and • Peace of Mind: Rest assured knowing that our card prepare them for a bright financial future comes with robust security features, including real-time with the Neches nPower Youth Debit Card. transaction alerts and the ability to instantly freeze the card if it’s misplaced or stolen. Sign up today and give them the gift of An Annual Percentage Rate (APR) of 9.57% will be paid only for that portion of your average daily balance (ADB) that is between $50.00 and $500.00. You must financial empowerment! maintainaminimumADBof $50.00toobtainthedisclosedAPY.TheADBiscalculatedbyaddingtheprincipalintheaccountforeachdayof theperiodanddividingthat figure by the number of days in the period.The annual percentage yield (APY) for this tier will range from 9.57% to 10.00%,depending on the balance in the account. If yourADB is $500.01 or more,the interest rate paid on this tier will be 0.10% with anAPYof 0.10%.nPower CheckingAccounts are for minor members age 8-17 only. One nPower Checking Account per minor member. With Approved Credit. Subject to change at any time. Some Restrictions may apply.

NFCU BE PREPARED SHRED DAY SEAHSUORNRIICSAHNEERE. Neches Federal Credit Union and Armor Shred have c teamed up to provide our members and the community with a safe way to dispose of confidential documents at no cost. We are prepared. Armor Shred will be at the following locations: Be prepared for a disaster with Neches products: 2239 Nall St. location in Port Neches • Thousands of surcharge free ATM’s across the country. Friday, August 11th from 11:00am to 1:00pm • Online and phone apps that allow 24 hour 299 Country Lane Drive in Lumberton access to your account such as mobile banking, remote deposit capture, bill pay, and more. Thursday, August 17th from 11:00am to 1:00pm • Neches has a nationwide credit union shared 1955 Dowlen Rd. location in Beaumont branch network that will give members access to their accounts from over 5,600 different Friday, August 18th from 11:00am to 1:00pm credit union locations across the country. 410 Texas Avenue in Bridge City • All debit and credit cards, online services, share drafts, direct deposits, and ACH transactions Thursday, August 24th from 11:00am to 1:00pm are fully operational, even in the event of mandatory evacuations. 2623 Nederland Ave location in Nederland • Our state of the art generator will allow us to Friday, August 25th from 11:00am to 1:00pm operate at full capacity in the event of power outages. There will be a limit of 5 banker boxes (10”X12”X15”) per person. You may call 722-1174 with any questions regarding our Shred Day. Follow us on Facebook for daily updates in the event SERVICE of service interruptions. HUNTECROEUDRUSCEATION You can call us toll free at: 1-800-839-2436 . 4 Saturday, August 26 • 8AM - 2PM Neches Federal Credit Union has teamed up with Jamel Allen, Texas Game Warden, to provide the community with a Hunter Safety Education Training Course. The course is mandatory for every Texas Hunter born on or after September 2, 1971. The classes are open to the public and will be held at 676 Magnolia in Port Neches on August 26th from 8am to 2pm. The fee is $15 per student. SCAN TO PRE-REGISTER FOR THE COURSE!

UPCOMING UPCOMING WEBINARS Join us for our upcoming webinar: August 24th, 11am: Unlock the full potential of your Neches account Registration details coming soon at nechesfcu.org. Megan Hanks Lisa Taylor Kaleigh Wortham Business/Community Nederland Lending Technical/Credit Development Supervisor Branch Manager Analyst INVESTING We offer the following key considerations: MANAGING YOUR Option 1: Stay RETIREMENT PLAN WHEN Your previous employer may allow you to keep the money in your plan, SWITCHING JOBS an attractive option that keeps things undisturbed while allowing you to accumulate tax-deferred earnings potential. While you cannot make To maximize your savings, understand your options – if any further contributions, you still maintain control of how the money is – for your retirement plan when you switch jobs. invested. Typically, annual distributions must begin after you reach age 73. Cathy McLarty Option 2: Let ‘Er Roll LPL Financial Advisor Neches Retirement and You can transfer the money into your new employer’s plan, which Investment Services continues your tax-deferred growth potential. However, there may be (409) 721-8323 rules associated with rolling over your money. Review your new plan and restrictions carefully before selecting this option. If you take money Changing jobs can impact your retirement plan. To minimize out, withdrawals will be taxed at current rates, with those made before disruptions to your contributions and the vested portion of your you reach age 59 1/2 subject to a 10% additional federal tax. previous employer’s contributions, it’s important to understand the Option 3: Cash Out choices you may have when you make a career transition. You may elect to withdraw your money in cash either in a lump sum T H I S M AT E R I A L I S F O R G E N E R A L I N F O R M AT I O N O N LY A N D I S N O T I N T E N D E D T O P R O V I D E S P E C I F I C or in installments, though you’ll face tax consequences: Distributions ADVICE OR RECOMMENDATIONS FOR ANY INDIVIDUAL. THERE IS NO ASSURANCE THAT THE VIEWS OR incur a 20% federal withholding as well as standard income tax. And if you’re under age 59 1/2, you’ll pay an additional 10% federal tax. State and STRATEGIES DISCUSSED ARE SUITABLE FOR ALL INVESTORS OR WILL YIELD POSITIVE OUTCOMES. local taxes may also apply, which collectively could sharply reduce the INVESTING INVOLVES RISKS INCLUDING POSSIBLE LOSS OF PRINCIPAL. THIS MATERIAL WAS PREPARED amount you retain. BY LPL FINANCIAL, LLC. MEMBER FINRA/SIPC MC-1365950ART3-1222 Option 4: Transfer into an IRA You can also roll all or part of your money into an Individual Retirement Account (IRA). If you do so within 60 days, you’ll avoid both penalties and withholding taxes. An IRA offers continued tax deferral for retirement, though you should check to see whether fees or commissions will be assessed. Depending on your circumstances, the money that you accumulate in an employer’s plan may be a major source of retirement income. How you choose to manage it can have a profound impact on your retirement savings. Discussing the options with a financial professional can help maximize your savings. CMGA-48564781-0722-0824

RIVERFEST WOMEN & INVESTING WORKSHOP ASTROS COMMUNITY EVENT KICK-OFF COFFEE TEACHER APPRECIATION CCOOMRNMEURNITY WEEK Neches Federal Credit Union having fun and giving back to the community every month! NEDERLAND LOCATION COLLECTING DONATIONS GRAND RE-OPENING FOR BUCKNER CELEBRATION TEAM NECHES AT TEAM NECHES THE INDORAMA COFFEE AT PORT NECHES RIVERFEST NECHES CERTIFIED AS A 2023 NECHES AWARDED 11 CORNERSTONE CREDIT GREAT PLACE TO WORK! UNION LEAGUE PINNACLE AWARDS 6

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 (Administration) Jason Landry������������������������������� President/CEO Buddy Spivey, Chairman 676 Magnolia | 409-722-1174 Paula Cappadonna������������� Chief Finance Officer Dave Bennett Lobby: M-Th 9am-5pm | Fri 9am-6pm Vickie Conkle ������������������� Chief Operations Officer Ken Dollinger Drive-Thru: M-Th 7am-5pm | Fri 7am-6pm Bobby Gibson ACCOUNTING John Hammond PORT NECHES – Nall Ronn Harmon 2239 Nall | 409-727-1639 Jill Sandberg������������������� Chief Accounting Officer Jay Hillin Lobby: M-Th 9am-5pm | Fri 9am-6pm Heather Bearden ���������������Accounting Supervisor CJ Isom Drive-Thru: M-Th 7am-5pm | Fri 7am-6pm | Sat 7am-10am Andrea Johnson BRANCHES Jason Landry PORT NECHES – PNG High School Charles Sanford 409-722-1174 Megan Woodard�������������������AVP of Service Center Linda Thomas M-Fri 7:30am-3:30pm Kelly Chatelain �������������������� Nall Branch Manager Mario Watkins Patti Easley������������������� Bmt. Pearl Branch Manager NEDERLAND Deanna Griggs������������ Admin Frontline Supervisor SUPERVISORY COMMITTEE 2623 Nederland Avenue | 409-729-2831 Kelly Hellweg����������� Bmt. Dowlen Branch Manager Lobby: M-Th 9am-5pm | Fri 9am-6pm Summer Plessala ������ Bridge City Branch Manager Scarlett Garsea Drive-Thru: M-Th 7am-5pm | Fri 7am-6pm | Sat 7am-10am Lisa Taylor ������������������� Nederland Branch Manager Joe Vallot Tina Warren ���������������� Lumberton Branch Manager Pattilea Wilson NEDERLAND – Nederland High School 409-722-1174 COMPLIANCE Yoursavingsfederallyinsuredtoatleast$250,000an M-Fri 7:45am-3:30pm bythefullfaithandcreditoftheUnitedStatesGov Roxanne Sasser ���������������� Compliance Supervisor With approved credit. Some restrictions apply. While supplies last. APR = Annual BEAUMONT – Dowlen Rate. Interest rates are current as listed and are subject to change. Promotion valid 1955 Dowlen Road | 409-860-0800 HUMAN RESOURCES 6, 2020 to March 28, 2020. Must complete the application process for a home eq Lobby: M-Th 9am-5pm | Fri 9am-6pm mortgage loan by March 28, 2020. Receive $1000 for loans over $150,000, receiv Drive-Thru: M-Th 7am-5pm | Fri 7am-6pm | Sat 7am-10am Kristen Stewart.����������������������Chief People Officer loans over $100,000 and receive $300 for loans under $100,000. Prize must be r Lisa Smith ����������������������������������������HR Supervisor 30 days of funding. Member may receive a 1099 Misc for tax purposes for prizes o BEAUMONT – Pearl more from Neches Federal Credit Union. Member is solely responsible for all taxe 1254 Pearl Street | 409-832-4936 INFORMATION SYSTEMS consequences associated with the receipt of the reward given. Lobby: M-Th 9am-5pm | Fri 9am-6pm Drive-Thru: M-Th 7am-5pm | Fri 7am-6pm John Heard�����������������������Chief Information Officer Blake Sanford �������������������������������������� IS Manager LUMBERTON 299 Country Lane Drive | 409-299-5277 LOANS Lobby: M-Th 9am-5pm | Fri 9am-6pm Drive-Thru: M-Th 7am-5pm | Fri 7am-6pm | Sat 7am-10am Kristin Butler�������� Chief Consumer Lending Officer Lisa Coffey���������������������� AVP of Mortgage Lending LUMBERTON – Lumberton High School Wayne Stokely����������� AVP of Commercial Lending 409-299-5277 Danette Mangioni��������� Indirect Lending Manager M-Fri 7:30am-3:30pm Marsha Dougharty������������ Collections Supervisor Megan Gallier ������������� Consumer Loan Supervisor BRIDGE CITY Lynae Langford ����������� Consumer Audit Supervisor 410 Texas Avenue | 409-238-6400 Lobby: M-Th 9am-5pm | Fri 9am-6pm MARKETING & BUSINESS DEVELOPMENT Drive-Thru: M-Th 7am-5pm | Fri 7am-6pm | Sat 7am-10am Jason Duplant ������������������� Chief Marketing Officer PORT ARTHUR - NECHES GO BRANCH Megan Hanks ���������������������� Business/Community 4821 Twin City Highway ITM Hours: M-F 9am-5pm Development Supervisor ATM Hours: Open 24/7 Melissa Mizer �����������������������Marketing Supervisor OPERATIONAL SUPPORT/PRODUCT & SERVICE DEVELOPMENT Jacob Devillier��������������������VP of Member Services RETIREMENT & INVESTMENT SERVICES Cathy McLarty����������������������������Financial Advisor GLOBALLY RECOGNIZED AS A ‘GREAT PLACE TO WORK’. JOIN OUR TEAM >