Nassau Financial Newsletter June 17 final(links)

Chartered 1936 MEMBER NEWSLETTER JUNE 2017 Tech Today Credit-worthy e-Statement Credit Card Tips Sign-up Offer Want to get your statement Raise your hand if you use credit cards—practically everyone does the same day it is created? these days. With just a quick swipe your purchase is complete and Sign up for e-Statements— you are on your way! But how you use your card and when you make the faster, paper-less way payments can impact your credit score. Consider these credit card to review your accounts. tips: Sign up by June 30th and 1. Mid-cycle Payments could improve your credit score we’ll deposit $10 into your checking account! Every month a report is sent by your credit issuer to the three major credit bureaus. You may be thinking you are making your payments on time so it shouldn’t matter, but it does. Getting into the habit of Website Redesign making a payment mid-cycle will keep your credit utilization ratio low. Coming This Fall! 2. Take advantage of Promotions Complete our survey to Watching your financial institution’s promotions could end up saving share your thoughts on this you money. By using a credit card like ours that is 1.99% APR for the matter. We look forward first 12 months with no balance transfer fees to pay off a high-interest to hearing from you! Make store card you can save a lot of interest. Store cards often charge sure to provide your email 15% – 20% interest, where a lower-interest credit card from your address. You could win a favorite credit union (Nassau Financial, of course) can save you a $50 VISA gift card! lot when you transfer balances to a lower rate credit card. 3. Check your Credit Score A good habit to get into is regularly checking your credit report. If you regularly carry a balance, that could have an adverse impact on your credit score, even if you make on-time payments every month. This happens because credit utilization counts for 30% of your FICO Credit Score. Use apps like credit karma or annualcreditreport.com to check your score without causing damage to your credit. Paying by Credit Card over the phone? Make sure to include all 3 elements to avoid declined transactions: Card Number, Expiration Date and CVV # (last 3 digits on the back of the card.) Happy Shopping!

Know a High School Graduate? Congratulations! This important milestone will lead to the next academic adventure for so many HS grads—going to college in the fall. Setting up the dorm room with bedding and accessories, purchasing new technology such as phones, laptops and printers, the list goes on as the dollar signs accumulate, even before classes begin and books need to be purchased! How do students and their parents pay for it all? There are several options in addition to paying cash as you go: • Credit Cards • Personal Loans • Home Equity Loans and Lines of Credit You make it, they take it! The good news is that you are in the right place for all of We also offer Checking accounts with these options—you are a member of Nassau Financial Credit FREE ATM transactions across the Union! We offer terrific rates and multiple options to fit every country through the credit union Co-op family’s needs. Keep us in mind as you set up your graduate Network. Open a checking account for for college in the fall. your college student today! Visit us online for more information today! Important Notice: Our Bill Pay process New Phone System with changed for the better on June 1st thanks to Expanded Menu Options feedback provided in the recent online Now Available Bill Payment survey. We upgraded our phone system at the end of May to serve you better. While When setting up non-electronic payments (paid via check) many of the options are the same, our from your Online Bill Pay account: updates include new menu choices that • Checks will be drawn on the Bill Pay Vendor Corporate take you directly to your destination. Account instead of from your account. Here are some quick key-strokes to use • Funds will be withdrawn from your Checking Account on when you call us at 516.742.4900: the specified Process Date. This is the same method Click this: To Do This: as electronic bill payment, providing a consistent method 2 Access Call-24 Automated Phone for withdrawing funds. System • The Payee Description will be displayed in Account 3 Hours, Location or Speak to a Representative History. This replaces the check number series starting 3, 2, 1, 1 Apply for a Mortgage or Home Equity with 8001, which will no longer be displayed in your 3, 2, 2, 1 Apply for a Loan account history. 3, 5, 1 Activate a Debit Card (Check Card) 3, 5, 2 Report a Debit Card Lost or Stolen It is important to note that checks may still clear your 3, 6, 6 Activate a Credit Card account after June 1st for those items that were 3, 6, 2 Report a Credit Card Lost or Stolen processed prior to June 1st. Thank you to everyone for 4 Dial by Name suggesting these updates. We hope that you enjoy the new * Repeat Current Menu enhancements! Board of Directors: Everett A. Boccafola, Chairman Gary P. Soricelli, Vice-Chairman Janis McDermott, Secretary Paul Egerter, Treasurer Carmine P. Miranda, Director Michael Kwaschyn, Director NassauFinancial.org | 516.742.4900 Francis X. DeFontes, Director For a complete list of Branches, Service Centers & Business Hours visit NassauFinancial.org We make loans without regard to race, color, religion, age, sex or national origin. We do business in accordance STAY CONNECTED! Follow us on Facebook, Twitter, Instagram and YouTube, with the Federal Fair Housing Law and the Equal Credit Opportunity Act. Federally insured by the NCUA. and register for eAlerts on our website NassauFinancial.org