A year-end "Thank You" from us...
12/29/2011
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As 2011 comes to a close, we wanted to take a moment to thank you for being a member-owner. We truly appreciate your business. And we're looking forward to providing you with exemplary service at every turn in 2012 and beyond.
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A Call for Board Volunteers
12/20/2011
A blog post from Jason, VP of Membership Development and Staff Liaison to the Nominating Committee.
It's that time of year again where we begin our search for eligible members to join our Board. The Nominating Committee is formally announcing our Call for Board Volunteers.
We currently have three director positions up for election and the Nominating Committee is currently recommending the reelection of Lynne Fovinci and Meg Gerstner to serve another term. There is currently one open position that will serve a term ending 2015.
Please review the
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What's a Saver to do?
12/1/2011
I received an email from one of our members, Sandy: my
36 month Share Certificate is about to mature. Any suggestions what I can
roll it into? Here’s an edited version
of my response to her. If she has this question,
chances are many others do too! Keep in
mind, I’m expressing my personal opinion based on what I know of her financial situation
and you probably want to discuss your specific circumstances with your personal
banker.
“I’m
putting my certificates into our 18 month and 30 month ‘bump up’ certificates.
The ‘bump’ feature
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Need Help with a Non-Tyco Credit Union Mortgage Modification?
1/31/2012
If you have a Tyco Credit Union mortgage and you need to talk about a modification in terms, we turn ours around in less than a day usually. Let us know how we can help if you need assistance.
But if you have a mortgage elsewhere and think you need help, the first thing you need to do is figure out whether your mortgage qualifies for HARP 2. It must be owned by FannieMae or Freddie Mac, the two government sponsored enterprises that guarantee mortgages. Go to these websites to start the process: http://www.FannieMae.com/LoanLookUpand www.FreddieMac.com/MyMortgage.
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Holiday Skips
11/15/2011
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A blog post from Jason Vitug:
The holidays are fast upon us and summer is but a distant memory. This season brings lots of joys and financial stresses and we are making it a little bit easier for our member-owners.
As a benefit to members with certain types of loans, we have launched our annual Holiday Skip-a-Pay promotion. You should have either received an email with the details of the loan payment skips or through the more traditional snail mail (if you haven't opted for eStatements).
Haven't read the email or received the mailed notice? Just download this form,
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Running with the wolves (or at least the power shoppers).
11/10/2011
Running with the wolves (or at least the power shoppers) on Black Friday
It's 3 a.m. and a wild mob is gathered downtown, surging toward a tall building. Is it the Occupy movement? Some sort of riot? No, it's shoppers converging on the store on Black Friday, and if you play your cards right, you can score a bagful of bargains and not get trampled.
As most people already know, Black Friday is the day after Thanksgiving. Traditionally, it's the day of the year when retailers finally land in the black thanks to the frenzied shoppers looking for bargains as
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Is this true, ladies?
10/21/2011
I just read a recent study that claims 95% of women are the financial decision-makers in their
household. They also indicate greater confidence than men in their primary
banks or credit unions. I'm wondering if that's really true. It is on my home, but I always assumed it's because I work here. If it is true, how do we best reach women and meet their financial literacy needs? Help us to understand what you need and want from your credit union and how we can better deliver that to you. Thank you!
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Tips for managing your credit cards
10/14/2011
While reading a post on SmartMoney.com about debit card fees
(Debit Vs. Credit: The Plastic War Heats Up
– it makes a few good points), I stood up and took note of the last
paragraph. If and when you use a credit
card (a credit card from Tyco Federal Credit Union, of course), be sure to have
your personal banker explain how to create a balance alert. It’s free and you can arrange to have an
electronic alert sent to you any time your credit card balance reaches a
balance you specify. Also have your personal
banker set up an automatic transfer of at least the minimum
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Déjà vu? Tyco Separation (again!)
10/11/2011
I was going to say something about a “broken record” but
that would date me. But certainly, the
saying “The more things change, the more they stay the same” is right as
rain. Tyco International, one of
our three core sponsors making up our field of membership – TE Connectivity and
Covidien being the other two – has announced plans to split into three separate
and distinct public companies. How does
this affect you and Tyco Federal Credit Union?
It really doesn’t. Employees of
the three new companies will still be able to maintain their accounts
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Let the Fee Hikes Begin…
10/5/2011
A blog post from VP of Membership Development, Jason Vitug:
Let the Fee Hikes Begin…
Recently, in the news you’ve heard many of the major national banks announcing steep Fee hikes ranging from $5 monthly debit card fees to $20 checking account fees. Many consumers are looking for alternatives and as a reminder your Credit Union IS your not-for-profit alternative. Yes, we’ve heard members call to action to change some of our very own fee structure as we too have been impacted by recent regulations.
We’ve worked really hard to make sure the impact of any fee hikes at the
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