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A Publication of NRCS Federal Credit Union Fall 2016
In This Issue:
Meet the Staff
Car Buying Tips
CU vs Dealer Financing
Holiday Loan Special
2017 Scholarship
CEO Retirement
Holiday Skip Pay
2016
Holiday Closings
The Credit Union will be closed the
following holidays:
Columbus Day
Monday, October 10
th
Veteran’s Day
Friday, November 11
th
Thanksgiving
Close at noon – November 23rd
Thursday and Friday,
November 24
th
and 25
th
Christmas
Close at noon – December 23rd
Monday, December 26
th
New Year
Close at noon – December 30th
Do you need extra cash to get you
through the holidays?
We Have the Loan for You!
Borrow up to $5,000.00
for 12 months
5.00% APR*
Offer good until
January 31, 2017
*Annual Percentage Rate
Member
Resources
We’ve got some exciting news! There are some new NRCS Credit Union team
members here to serve your financial needs.
(John-Loan Officer, Jessica-Member Service, Debra-Member Service, Stuart-CEO)
Car Buying Tips:
Whether it's used or new, buying a car is an expensive endeavor, generally the second
most expensive purchase, after a home that you will make. To be sure you are making a
wise investment, follow these tips as you work your way through the purchase process
to get the best price on a car that holds its value and to find one you'll love driving.
1. Set your budget. Buy an affordable vehicle. The monthly payment should be no more
than 20% of your disposable monthly income, including insurance and fuel costs.
2. Research ownership costs. Before you buy, have a good idea of what maintenance will
be required and how much it will cost.
3. Check trade-in values before heading to the dealership
4. Wait for the end of a model year, the last day of the month, or December 31
st
if you're in
no hurry to buy. These are good times to get a deal.
5. Set up your financing in advance. Get preapproved for an NRCS Federal Credit
Union loan.
6. Check insurance rates before you buy.
7. Be prepared to walk away if you feel you are not being offered a fair deal.
Take the rebate over dealer financing
When car manufacturers and dealers offer super low rates, usually dealers will offer
low rates on financing or a rebate -- not both.
Even though a 0% APR may seem too good to pass up, an auto loan from NRCS
Federal Credit Union combined with the dealer rebate is often the better deal! Whether
you choose 60 months or 36 months,you still save money with NRCS FCU! Don’t
forget, you can always opt for a longer loan term at NRCS FCU, which will lower your
payments even more.
As you can see, the cost of the 0% dealer financing is ultimately reflected in the final
price you pay for the car.
NRCS FCU 2.50% APR*
Dealer 0% APR*
Purchase Price
$20,000.00
$20,000.00
Loan Term
36 Months
36 Months
Rebate
$3,000.00
Loan Amount
$17,000.00
$20,000.00
Monthly Payment
$490.63
$555.56
Total Amount Paid
$17,662.40
$20,000.00
With NRCS FCU you Save!
$2,337.60
*The Annual Percentage Rate (APR) you receive will be based on your creditworthiness and loan term.
Please ask us for the rate you qualify for. Rates are subject to change at the Board’s Discretion.