Space Coast Credit Union - www.sccu.com - 321-752-2222
Perspectives February 2013
Space Coast Credit Union enjoyed strong financial performance in 2012 thanks to our loyal members and dedicated staff.
Another exciting year has begun here at Space Coast Credit Union. 2012 was an outstanding year for us with record numbers of members using SCCU to buy a car or purchase a home. We have an outstanding team of employees who are ready to help you with all of your financial services needs.
As you begin tackling your resolutions for 2013, I hope you will remember one thing, and that is to “Call SCCU First.” We are a full-service financial services provider. If you need a new car, a new home, are travelling, or just need to get through the day-to-day issues of life, chances are we have a product or service that can help you. We are so confident that we can help, that we have issued a “Savings Challenge” to our members with a chance to win $2,500!1 No matter what you are trying to do, we believe we can save you money. Here are just some ideas:
- Refinance Your Mortgage: Many of you out there still have higher interest rates on your home loan. Refinance your mortgage with SCCU to a lower rate and you will save money over the life of your loan. During the refinance process, take advantage of our interest rate guarantee.2 If our rates drop when it’s time for you to close, we will pass the savings on to you. With no application fee and our rate guarantee, you have nothing to lose.
- Refinance Your Auto Loan: Many members do not understand that you can refinance your auto loan from another institution. If you refinance to a lower rate, this will save you money over the life of the loan. We offer a “90 days no payment” option3 so you can take a break from that monthly payment in the process. We do all the work AND pay the title transfer fees for you! Easy, quick application, simple closing, and no out of pocket costs.3 It doesn’t get any better than that!
- Get an SCCU Credit Card: SCCU's Visa® Platinum Credit Card offers a low introductory rate.4 Transfer your balance from another institution and start saving today. Our cards also offer the same rate for cash advances as purchases and are accessible in online banking. In Online Banking you can view balances and make payments from the comfort of your home or on your mobile device. You can apply by phone and you will have your new card in no time at all.
- Open an SCCU Checking Account: Our Value Checking account is free with just 5 transactions. If you complete 5 purchase or payment transactions each month, there is no monthly fee and no minimum balance requirement. We offer direct deposit, a free debit card on all of our checking accounts (many designs available), and, of course - Online Banking access with free Bill Payer. Convenient services such as free debit cards, Online Banking, and Mobile Banking enable you to manage your finances without visiting a branch. Later this year, we will be launching phase two of our SCCU Mobile App that includes the ability to deposit checks with your mobile device - now that is convenience!
At SCCU we are all about providing you the products and services you need, when you need them, while saving you time. We make it easy for you to apply for any of the products I mentioned. Simply call Express Sales and take the SCCU 2013 Savings Challenge. Our specialists are ready to help you with all of our services right over the phone. If you share just a few minutes of your time, I am confident we can save you money.
Timothy M. Antonition,
EVP, Retail Operations
Chief Operating Officer
1Sweepstakes dates: 01/07/13-02/28/13. No purchase necessary. Must be 18 years or older to enter. SCCU employees, credit union partners, and their immediate family members are not eligible to participate. Drawing will take place on or around March 15, 2013. Void where prohibited. For complete rules and important information, visit SCCU.com/resolution.
2Mortgage: Mortgage loans are originated by Space Coast Credit Union, and are subject to credit approval, verification and collateral evaluation. Programs, offers, rates, terms, and conditions are subject to change or cancellation without notice. Certain restrictions apply. These mortgage loan programs constitute first mortgage liens secured by the home and property. The down payment is determined by the Loan to Value ratio. (90% LTV = 10% down payment) Loans exceeding 80% of the appraised value of the home require private mortgage insurance. Member responsible for any funds needed for closing costs and pre-paid escrow. Loan to value limits and private mortgage insurance requirements do not apply to HARP loans. If your SCCU quoted rate is lower at 12:00pm five days prior to closing and the interest rate lock-in has not expired, SCCU will reduce your rate to the lower rate automatically. Rate guarantee is void if there is a change in property, loan program, loan term, or adjustments to interest rate based on credit score. Other conditions apply, contact SCCU for details.
3Auto: APR is Annual Percentage Rate. Rate current at time of printing and subject to change. Rate displayed is for new and used vehicles (2007 model year and newer). Rate is affected by your credit quality, model year, term selected, loan to value (LTV), and payment method. Yours may be different. Qualified borrowers only. Our usual credit criteria apply. You may be asked to furnish a down payment. OUT OF POCKET COSTS: You may be asked to furnish a down payment. DEFERRED PAYMENT: Optional. Interest accrues from date of contract. Qualified borrowers only. First payment may be deferred up to 90 days and is dependent upon when your loan closes, your deferment may be 90 days or less. Deferred payment not available for refinances of existing SCCU auto loans.
4Rate shown is Annual Percentage Rate (APR). Introductory rate applies to new SCCU cardholders. Existing SCCU Gold and Classic cardholders can become eligible for the introductory rate by opening an approved Platinum card account, closing their Gold or Classic card account, and transferring the existing balance to the Platinum card account together with transferring a non-SCCU card balance that is at equal to at least 50% of the SCCU balance being transferred; or $2,500, whichever is less. Your introductory rate period will end early and rate will increase to the current APR for purchases if the Minimum Payment due is not received by the Payment Due Date, your account exceeds its credit limit, or you close your account. Your APR will initially be determined by your creditworthiness at the time of application. ScoreCard Rewards points are awarded based on net purchase amount less returns.
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