There’s still time!

…to contribute to an IRA for tax-year 2013.

Above view of consultant analyzing data with her client

Still haven’t made your IRA contribution for tax-year 2013? No worries. You have until April 15 to make contributions to either a Traditional IRA or a Roth IRA, so there’s still time to set aside up to $5,500 ($6,500 if you’re age 50 or older) in one of these popular retirement savings vehicles.

With a Traditional IRA, if you’re not covered by a 401(k) or other employer-sponsored retirement plan, you can typically deduct the full amount of your contribution and enjoy the immediate benefit of a tax deduction. Otherwise, your ability to deduct some or all of your contribution depends on your filing status and income.

A Roth IRA is a little different. Whether or not you can contribute depends upon your filing status and income. If you do qualify, Roth IRA contributions are not tax-deductible, so there will be no immediate 2013 tax benefit. However, distributions are generally free from Federal income tax when withdrawn after age 59 ½, which could serve you well if you expect your future tax rate during retirement to be higher than your current rate.

Regardless of which IRA option you choose, we can help you make sense of it all. But hurry—April 15 is fast approaching! Speak with a CFS Financial Advisor* at NASA FCU today by visiting us at nasafcu.com/investmentservices, or by calling 301-249-1800 or toll-free at 1-888-NASA-FCU (627-2328), ext. 314.

*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. NASA Federal Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.

CUSO Financial Services, L.P. (CFS) and its Registered Representatives do not provide tax advice. Clients should obtain their own independent tax advice from a qualified tax professional.

College Scholarship Deadline

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Applications must be postmarked by February 7, 2014.

The NASA FCU Scholarship Committee is now accepting applications for the 2014 Mitchell-Beall-Rosen Scholarship Contest. Scholarships in amounts up to $7,000 may be awarded 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 click here.

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

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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

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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

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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.