Thursday, October 20th is International Credit Union Day! Come celebrate the day with us and enjoy apple cider, doughnuts, and coffee at any of PCU branch locations! #ICUday

Quarterly Newsletter for the members of Preferred Credit UnionMATTERS.

OCTOBER 2016

Preferred

INTERNATIONAL CREDIT UNION DAY

UPSIDE DOWN ON YOUR MORTGAGE?Are you a homeowner who owes as much or more than your home is currently worth? If so, you may be eligible for a HARP refinance. HARP (Home Affordable Refinance Program) was created by the Federal Housing Finance Agency specifically to help homeowners who are current on their mortgage payments, but have little to no equity in their homes to help refinance their mortgage. The programs application deadline has been extended to September 30th, 2017 allowing more homeowners to take advantage. To see if you qualify to refinance under HARP please call our Mortgage Specialist at 1-800-328-4131 EXT. 116

Preferred Credit Union Mobile AppAvailable for iPhones and

Android devices.

SHOP SMART

PCU Platinum Visa

7.99%APR*

*This is the lowest percentage rate available; your APR may be higher depending on your credit history.

OCTOBER IS BREAST CANCER AWARENESS MONTH and we’re back to raising money for the cause! This years goal is to raise $5,000. All proceeds will be donated to the American Cancer Society that will go towards lifesaving research, education and care for those who are fighting against cancer today. There are three ways you are able to help us raise money for the cause.

1. Stop into any PCU branch and purchase a Breast Cancer Awareness t-shirts for a minimum donation of $15/each2. Make a donation at any PCU branch location3. Visit http://makingstrides.acsevents.org and search for Preferred Credit Union and make a donation online

Have Questions? Please email Marketing@PreferredCU.org

Virtual StrongBox makes life simpler, while making your personal information more secure. Backup all of your most important documents that are laying on your desk or tucked away in drawers, so you can rest assured all of your important documents are safe and secure in your Virtual StrongBox.

Access VSB through It’sME247 under the ‘My Documents’ tab

THIS HOLIDAY SEASONPCU MEMBER

0000 0000 0000 0000

CONSUMER LOAN RATES

TITLED VEHICLES 2006 & NEWERRates as low as 1.49%**

USED TITLED VEHICLES 2005 & OLDERRates as low as 7.50%**

RECREATIONAL VEHICLES 2010 & NEWERRates as low as 1.99%**

HOME EQUITY LOANS (fixed)No Application Fee! Rates as low as 4.50%**

PLATINUM VISA CARDSRates as low as 7.99%**

UNSECURED LOANSLine of Credit with draft account - 11.25%**Line of Credit without draft account - 15.00%**Closed End Installment as low as 7.50%**

OTHER LOANSShare Secured Loan 3.00%**Home Improvement (unsecured) CallMortgages CallMobile Home Financing CallVacant Property Loans CallHome Equity Line of Credit Call ** APR= annual percentage rate. These are the lowest rates available; your rate may be higher based on your credit score and term. Rates based on active checking and automatic funds transfer.

DIVIDEND RATE INFORMATIONThe Board of Directors declared the following dividends and interest rates on your savings account at its monthly meeting in September 2016.

SHARE SAVINGS ACCOUNTSShare Savings Accounts – A .15% per annual dividend, .15% APY was declared for the third quarter of 2016, paid September 2016. This dividend was paid on share savings accounts maintaining a balance of $50 or more for the quarter.

INTEREST BEARING ACCOUNTSPreferred Money ........0.15% - 0.35% APY*Christmas Club...........0.50% APY*Investments ...............0.20% - 1.46% APY*IRA..............................0.40% - 1.66% APY*HSA Savings .............0.25% - 1.00% APY*

Other IRA & Certificate accounts are available. Contact a Financial Service Specialist for more investment options.

*APY = Annual Percentage Yield, rates are subject to change by the Board of Directors

Interest is calculated by the daily balance method that applies a daily periodic rate to the balance in the account daily. Interest will be compounded and paid quarterly. Truth-in-Savings disclosures containing information about terms, rates, fees and charges, and other features of accounts offered by this credit union are available upon request. If you would like a copy of this information, stop by the nearest office or call a financial service specialist.

Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States

Government

2016 WINTER

SKIP-A-PAYMENT!Give your loan payment a break and free up some extra cash for the holiday season!

We’re here to help make your holidays less stressed for cash with our winter Skip-A-Payment Program! It allows you to skip one monthly loan payment on any of your qualifying loans.

Skip-a-Payment Program qualifications:• You have paid at least 6 monthly payments • You were not past due more than 30 days on the previous payment• Skipped payment cannot be for a First Mortgage, Home Equity, Visa

Credit Card or Line of Credit• $35 processing fee for each loan payment skipped

If you don’t process your Skip-A-Payment online, you can complete the form below and return to the credit union.

Name _____________________________________ Account Number________________

Signature _________________________________________________________________

I would like to skip the following loan suffix(es): __________________________________

I would like to skip my payment for one of the following months

[ ] December 2016 [ ] January 2017

I would like my $35 Skip-A-Pay fee (per loan) to be charged to one of the following

[ ] savings [ ] checking [ ] loan [ ] check enclosed

I wish to skip/defer the payment for the month and loan suffix(es) indicated above. I understand that the interest will continue to accrue at the contractual rate of my note(s) and the term will be extended. I understand my account must be current at the time this offer is processed and must be approved by PCU. I understand that a one time processing fee of $35.00 per loan will be charged to the payment option selected above. I also understand that my account must be current and in good standing at the time of the Skip-A-Payment and this offer is subject to approval.

cut & return

Columbus Day | Monday, October 10, 2016

Thanksgiving | Thursday, November 24, 2016

Christmas (Observed) | Monday, December 26, 2016

New Year’s Day (Observed) | Monday, January 2, 2017

PreferredCU.org | 1.800.328.4131

Process your skip-a-pay online though ! Look for the next to your loan on the account summary screen. Hover your mouse over the SP icon and click on ‘More Info’ to start the skip-a-pay process. If you process your skip-a-pay online, you do not need to mail in the signed form below. You will be able to start processing skips online starting November 15th.

SP

Preferred Credit Union Staff and Board members hope you have a wonderful holiday season!

Preferred Credit Union branch locations will be closed in observance of the following 2016 federal holidays