MONEYMatters
Fall 2008 |
Kenneth
W. Hoffmeyer
Chairman of the Board
Georgean C. Smith
Vice Chairman
Suzanne Boeke
Treasurer
Jack G. Goellner
Secretary
Michael J. Mesta
President
Lynn M. Gregory
Senior VP - Marketing & Member Svcs.
Laurie M. Hare
Marketing Manager & Editor
Accounts: 37,226
Assets: $252,506,603
JHFCU MONEYMatters is published by the Credit Union office staff and Board
of Directors.
The views expressed do not necessarily reflect those of the Johns Hopkins Hospital or University administration.
Address all correspondence to:
Editor, MONEYMatters
Johns Hopkins Federal Credit Union
2027 E. Monument Street
Baltimore, Maryland 21287
General
Information
410-534-4500 or 1-800-JHFCU-70
BRANCH OFFICES
All branches, unless noted otherwise, are open
M-T, F, 8:30 a.m. - 4:00 p.m.
W, 10:00 a.m. - 4:00 p.m.
Th, 8:30 a.m. - 6:00 p.m.
Homewood
Charles Commons
4 E. 33rd Street
Baltimore, Maryland 21218
East Baltimore
2027 E. Monument Street
Baltimore, Maryland 21287
Bayview
5201 Alpha Commons Drive
Baltimore, Maryland 21224
Mt. Washington
McAuleyHall, Suite 100
5801 Smith Avenue
Baltimore, Maryland 21209
Eastern
1101 E. 33rd St., Room 303A
Baltimore, Maryland 21218
Fax: 410-467-0298
Hours: W, 10:00 a.m. - 4:00 p.m.
Th, 8:30 a.m. - 4:00 p.m.
Phone Services Department
M, T, Th, F, 8:30 a.m. - 6:00 p.m.
W, 10:00 a.m. - 6:00 p.m.
Lost or Stolen ATM Card
410-534-4500, M-F 8:30-4:00
Lost or Stolen Visa® Check Card
410-534-4500, M-F 8:30-4:00;
after hours call 1-800-754-4128
and report card number
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A Message from JHFCU President
I wanted to take this opportunity to assure you that the Johns Hopkins Federal Credit Union is a stable financial institution. We have been around since 1971 and we will be around tomorrow. Because we are member-owned vs. stockholder-owned, we are not going to fail in a day or be sold over a weekend! Our focus is not on high stock prices and making a profit, but rather on serving our membership. I hope the article “Is Your Money Safe?” in this issue of Money Matters will eliminate any fears you may have. Thank you for continuing to trust us with your money. Our mission statement is: To provide our members with competitive, high-quality financial services, while remaining strong, secure and reliable in our operations. With these objectives, we consistently balance providing you with the best possible return without putting your savings at undue risk.
Michael Mesta
President & CEO
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Current Rates |
| Loans (Current as of October 1, 2008): |
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APR*
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New & Used Cars**
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5.25%
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| (Check
our rates page for all rates & terms) |
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Boats & Other Vehicles
Education or Computer
Home Improvement
Line of Credit
Unsecured/Personal $300-$20,000 |
7.25%
7.50%
7.50%
11.25%
9.50% |
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Home Equity Loans with No Closing Costs |
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Lines of Credit are 1.5% below Prime at 80% LTV - currently 3.50% APR.***
Fixed Rate Loans, for 10 years, with 80% LTV - currently 5.00% APR.
Visit our website for details on other loans and fixed term loans.
*APR = Annual Percentage Rate. Rates are determined by the
applicant's credit history, and collateral, and include .5% discount for direct deposit and are
subject to change. Direct deposit discount not applicable to Loanmaker. Your actual rate may vary.
Loan rates accurate as of Ocotber 1, 2008. Closing costs will be added back to the loan balance if the
loan is paid off within one year.
**Longer terms available at higher rates. Finance amount based on Web Carbook value including tags
and taxes. Vehicles may be financed up to 125% of value at a 2% premium over stated rate.
***Variable-rate loan. Can change monthly. Based on
the Prime Rate as printed in the Wall Street Journal
on the 25th of each month. Rate above reflects the last increase
that occured on 3/18/08
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Savings: (Current as of September 30, 2008 -- visit our rates page for current
rates.) |
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Share and Custom Savings & Holiday Club
Share and Custom Savings & Holiday Club
Prime Money Market
Money Market
Money Market
Money Market
Share Draft Checking
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APY
1.00%
1.10%
1.00%
2.70%
2.85%
3.10%
0.30%
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Balance to
obtain APY
$25 - $4,999
$5,000 - $9,999
$7,500 & over
$10,000 - $24,999
$25,000 - $99,999
$100,000 & over
$0.01 |
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The above accounts are variable rate accounts and rates are subject
to change. The Annual Percentage Yields (APYs) are accurate as of June 30, 2008. Fees could reduce
the earnings on the accounts. JHFCU is a member owned financial cooperative which pays dividends
based upon available earnings. Federal regulations prohibit the payment of dividends in excess of
available earnings.
Call 410-534-4500 or click
here for rates on Certificates and IRAs.
Contact an employee for additional terms and conditions on accounts.
For information on First Mortgages, call
Financial Security Consultants at 410-823-3300
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