Archive for Personal Finance

Join Us for the Cherry Blossom Run

CUCBR_vector_logoEach year in April, the Credit Union Cherry Blossom Ten Mile Run in Washington, D.C. brings together credit unions from across the country with the shared vision of fundraising and helping children. The proceeds from this event support the 170 Children’s Hospitals that belong to the Children’s Miracle Network.

On April 6, 2014, NASA FCU will once again support this important cause. In 2013, approximately 70 NASA FCU volunteers and 89 NASA FCU runners participated in the 10-Mile Credit Union Cherry Blossom Run. Each year, the event brings together credit unions from across the country in support of the Children’s Miracle Network. The 2013 Washington, D.C.-based event raised another $500,000, bringing the total amount raised to $6.5 million since credit unions became the title sponsors in 2002.

So if getting in shape is on your list resolutions, be sure to join us in April for the Cherry Blossom Run. Can’t run? Support the cause through a donation. Register or donate today.

NCUA Warns about Telephone Fraud

​Consumers Targeted by Vishing Scam Should Call Agency’s Hotline

The National Credit Union Administration today warned consumers to beware of a new telephone fraud, known as a “vishing” scheme, that is using the agency’s name in an attempt to obtain personal financial information.

Several credit union members have been contacted by an automated phone call claiming to be from NCUA and notifying consumers their debit cards have been compromised. The call then asks the receiver to follow prompts, which request personal information, including sensitive financial data and personal identification information.

Anyone contacted by this so-called “vishing” scheme should immediately contact NCUA’s Consumer Assistance Center Hotline at 800-755-1030 or by email at phishing@ncua.gov to report the scam. Operators answer calls Monday through Friday between 8 a.m. and 5 p.m. Eastern.

NCUA neither seeks personal information from consumers over the telephone nor handles day-to-day maintenance of member account information. NCUA works with law enforcement agencies, including the FBI, to protect consumers from frauds of this nature.

NCUA urges consumers to never verify or release personal financial information to unknown callers.

Got Bills? We’ve Got Three Great Ways to Pay

1. Home Equity Line of Credit at a LOW 2.99% APR* Until 2016

AA man paying bills hi

When you open a home equity line of credit with NASA FCU, you can lock in a low intro 2.99% APR* until January 3, 2016! After the introductory period, rates are variable and start as low as 4.00% APR. With a low intro 2.99% APR home equity line of credit from NASA FCU until January 3, 2016, you can put your equity to work for you and save BIG—with no points, closing costs1 or fees!

With NASA FCU, it’s never been easier to access the equity in your home. Use your credit line—anytime—through eBranch online banking or handy convenience checks. Plus, the interest you pay is potentially tax deductible.** The best part? Our Intro 2.99% APR until January 3, 2016 is one of the best values on the market today.

So what are you waiting for? There’s no better time than now to put your hard-earned home equity to work for you! Stop by any branch, call 1-888-NASA FCU, ext. 802 or visit nasafcu.com/home-equity and apply today.

*APR=Annual Percentage Rate. Introductory APR is good until January 3, 2016. Upon expiration of the intro rate, all balances will accrue interest at the variable APR in effect for your account. APRs are based on evaluation of the applicant’s credit. Your APR may vary. Other conditions apply. 4.00% Floor Rate regardless of a temporary lower Prime Rate. The APR is a variable rate and is based on the Prime rate as disclosed in The Wall Street Journal plus or minus a margin based on your credit history. The rate is subject to change. Maximum APR is 18%.

1 No closing cost offer available one time only per property and for primary residence only. Closing costs must be repaid if line is closed before 24 months. For loan amounts of $100,000, closing costs typically range between $1,200 and $2,100. Closing costs can vary based on the location of the property and the amount of the Loan. Fixed Equity Loan Example: A $100,000 loan at 2.99% APR for 20 years would have an estimated monthly payment of $554.22. A $100,000 loan at 4.00% APR for 20 years would have an estimated monthly payment of $606.15.

equal-housing-lender**Consult your tax advisor about the deductibility of interest. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.

2. A Credit Card that Rewards You Just for Using It

Credit-Card-Night-Launch-1

With the NASA Federal Platinum Advantage Rewards Credit Card, you’ll enjoy a competitive rate on purchases and some of the best rewards around. Plus, for a limited time, when you transfer your high-rate credit card balances to your NASA Federal Platinum Advantage Rewards Credit Card, you’ll enjoy 6.9% APR^ on balance transfers for life! The best part? There’s no balance transfer fee or annual fee!

So, if you have bills to pay, or want to save BIG by transferring those higher-rate credit card balances, get the NASA Federal Platinum Advantage Rewards Credit Card today.

But remember—the balance transfer rate is good for life—but this offer isn’t. Take advantage of it today by calling 1-888-NASA-FCU, ext. 200 or visit nasafcu.com/apply. You’ll be glad you did!

^APR = Annual Percentage Rate. Balance Transfers Made within 60 days of account opening will have a 6.9% Fixed APR for qualified applicants. For balances transferred after that timeframe, your APR will be at the standard Balance Transfer rate (9.9% – 17.99%). APR for Purchases is (9.9% – 17.99%) and the APR for Cash Advances is (11.9% -17.99%). All rates are based on creditworthiness and will vary with the market based on the Prime Rate. Minimum transfer amount is $500. The total transferred may not exceed your available NASA Federal Credit Union credit card limit. There is no balance transfer fee. Eligibility for this offer is based on evaluation of applicant’s credit. The penalty APR of 18.00% may be applied to your account if you make a late payment. The Penalty APR will apply until you make six consecutive minimum payments when due and do not exceed your credit limit during that time period. A fee of 3% of the advance ($5 minimum) will apply to all cash advances. Membership eligibility requirements apply.

3. A Smart, Affordable Signature Loan

Have expenses you need to pay off? Or maybe you’d like to roll your higher interest loans into one lower monthly payment. You can now easily get the cash you need—and enjoy peace of mind—with the NASA FCU Signature Loan.

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The Signature Loan is a smart way to manage your money, offering an affordable and predictable payment plan. You can use loan proceeds to pay off bills or consolidate existing balances—and rest assured knowing that your interest rate and monthly payment are fixed for the life of your loan.

So don’t wait! Apply for a Signature Loan and save money today. Simply visit nasafcu.com/apply, call 1-888-NASA-FCU (627-2328), ext. 200, or visit your local branch to take advantage of this easy and affordable way to pay for expenses.
†Subject to credit approval.

Simplify with Mobile Banking

Mobile Devices 3

Life is hectic. And these days, simplifying is the key. So why not let NASA FCU help you simplify things by making banking one less thing to worry about?

With Mobile Banking from NASA FCU, you have the control to do your banking virtually anywhere, anytime, whether you prefer mobile apps or your phone’s mobile browser. And best of all, our mobile access is easy…and free.*

Mobile App

The NASA FCU Mobile App is easy to use, and combines the benefits and convenience of eBranch Online Banking with your mobile device.

Mobile Website

What could be simpler than your Credit Union in your pocket! Visit nasafcu.com using your mobile browser and your login.

Mobile Remote Deposit

No time to go to the branch or ATM? No problem. Mobile Remote Deposit lets you take a picture of your check with your smart phone and deposit it. No deposit slip or visit to the branch or ATM required!

Mobile Bill Pay

Paying your bills doesn’doesn’t get more convenient than this. Pay your bills wherever, whenever, with the mobile bill payment option from NASA FCU.
When it comes to Mobile Banking, NASA FCU simply has it all. To learn more today, visit nasafcu.com/Mobile-Banking.
*NASA FCU does not charge a fee for the use of NASA FCU Mobile Banking. Your mobile service carrier or provider may impose data usage or text message charges for your use of, or interactions with, Mobile Banking.

Mobile Remote Deposit for Windows Phone

hands phone ipad

Have a Windows phone and wish you could deposit checks on the go?
We’ve got great news for you! Soon you’ll be able to deposit checks remotely with our new Mobile Remote Deposit App for Windows phones.

Look for more details coming soon. Be one of the first to know about this and other exciting new products and services by liking our Facebook page!

College Bound This Year?

college grad

NASA FCU is accepting applications for the 2014 Mitchell-Beall-Rosen Scholarship Contest until February 7, 2014.

Through the contest, we will award scholarships in amounts up to $7,000 to one or more contest winners to assist with the costs of tuition, books and living expenses

Applicants must be:

  • The primary owner of a NASA FCU account
  • A high school senior with an average grade of C or above
  • Under the age of 21

Scholarships are awarded based on the evaluation of a 1,000 word essay and a personal interview conducted by the Scholarship Committee. For more details and an application, go to nasafcu.com/scholarship or call 1-888-NASA-FCU (627-2328) today.