AVENUESMEMBERS 1ST NEWSLETTER | SPRING 2019

MEMBERS ENJOY BENEFITS OF HOME EQUITY FREEDOM

SIMPLIFY YOUR MORTGAGE PROCESS

WILL YOU OUTLIVE YOUR RETIREMENT INCOME?

Freedomto relax Pages 8-9

Pages 6-7

Pages 10-11

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(1) APR=Annual Percentage Rate. Home Equity Freedom Line of Credit (Line of Credit) introductory rate of 1.99% APR is subject to change without notice. Introductory APR is available for all new lines of credit for a 6-month period of time from the date of the Line of Credit account opening. Minimum $5,000 line amount to open. Refinancing of existing Members 1st equity loans and lines of credit are excluded from introductory APR. The introductory APR will automatically terminate at the end of the 6-month introductory period. No notice to borrower required. Upon expiration of the introductory rate, the advertised regular rate applies to credit worthy borrowers with a combined loan to value less than or equal to 70%. The advertised regular Line of Credit rate is based on the Prime Rate, plus or minus a margin, published in the Wall Street Journal on the last business day of the month with a floor of 3.00%. Maximum rate of 18%. Your APR may vary. All balances will accrue interest at the variable APR in effect for your account based on LTV and credit worthiness. The Line of Credit permits borrowing up to 100% of the available equity in a primary residence (excludes rental properties); other terms and conditions may apply. (2) Fixed Term Option: You may lock in all or a portion of your line as a fixed term loan up to three fixed terms at one time. Terms available from 1 year to 15 years maximum. Fixed term APR may vary based on term chosen. Your first fixed term lock option is free and subsequent lock options are subject to a $100 processing fee. Balances you choose to lock in at the fixed rate of interest must be repaid in substantially equal monthly payments of principal and interest. The total monthly payment under the Line of Credit will include repayment of the total of all advances under the Line of Credit to date, in addition to and including the advance(s) for fixed term lock option(s).(3) Fees: Members 1st FCU will pay all closing costs in conjunction with the Line of Credit agreement, excludes properties deeded in a trust. Trust review fee $175.00 is paid by borrower, if applicable. If your Line of Credit is paid in full and closed within 36 months, you may be required to reimburse all third party fees paid on your behalf upon closing your account. Property insurance is required. Other restrictions or conditions may apply. This offer may be withdrawn at any time. Ask an associate for details. We do business in accordance with the Federal Fair Housing Law and Equal Credit Opportunity Act.

Home Equity Freedom

INTRODUCTORY OFFER RATE:

1.99% APR1 6-MONTH RATE

5.25% APR1

REGULAR HOME EQUITY LINE OF CREDIT RATES AS LOW AS:

Enjoy the freedom of a line of credit with the ability to lock in a fixed rate.2

Plus, pay no closing or application fees!3

Ask an associate for details.

• home improvements • emergency expenses • tuition payments• debt consolidation and more!

Our Home Equity Freedom product is a great way to obtain immediate cash flow for:

SPRING 2019 3

You are our voiceYou, our members, are why we exist. Serving you, our associates and the community is at the core of what we do every day.

You are not just a member. You are an empowered

owner and brand ambassador with your own personal story of success. And your story as a member is one worth sharing.

Would you consider sharing your personal story as an extension of our marketing and public relations efforts? While we have a well-established and recognized brand in the local market, there are people out there who may not realize all of the ways we may be able to help meet their unique needs. As a member-owner of your credit union, you can help us better serve the community by sharing how we may have helped you reach your goals.

Here are some ways you can benefit from being a Members 1st brand ambassador:

CASH4U — We will reward you $5.00 each time you refer someone to Members 1st and they open a new account. Ask an associate for details.

Everyday Referrals — Did a friend mention that they are buying a new home or new car? Is your neighbor worried about medical expenses? Is someone you know in need of a loan to help launch a new business venture? We would love to help them! Give them the name of your favorite branch manager or simply have them email myconcierge@members1st.org and we will help them right away with their own dedi-cated concierge team member. It’s that easy!

Social Media — We invite you to follow and engage with us on our social media channels —Facebook, Twitter, Instagram and LinkedIn. We are in the process of doing some really neat things and creating unique content

as part of enhancing our digital marketing efforts. Soon, you will see a focus on story-telling where we will feature real members and business members who have great stories to share. If you would like to share your own story, we would love to talk to you! See page 9 of this issue for more information and to learn about members Kia and Matt.

Comment Cards — When you complete a Comment Card, your feedback is shared across our organization to all levels of our leadership team. This helps us identify any service and process concerns. We use this information for coaching associates to give you the best experience possible. And it helps us recognize those service moments that went above and beyond.

Member Panels — We will occasionally announce that we are looking for members to participate on various panels. When you see these announcements, please submit your name for consideration. These panels help us connect with you and gain a better perspective on what you need and want. Your influence can impact what we do and how we do it.

Simply the Best and other local reader contests — Many publications and newspa-pers each have their version of an annual “best of” contest. We hope that you continue to vote for us as your favorite credit union, mortgage provider, insurance provider and financial planner. Being recognized as a local favorite helps to build our brand awareness as new people continually move into the area and as we grow.

On behalf of your Board of Directors and all of our associates, I want to thank you for all that you do for us as a member and an owner. Together, we can be proud of our roles in making Members 1st the preferred financial institution in the community. This is your credit union.

George NahodilPresident and CEO

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Relax... we’re here for you, any time, anywhere.

New and improved updates to Mobile Card ControlsAll card controls on your Members 1st debit and credit cards are now housed in one easy-to-use area of Members 1st Online and our mobile app. You may simply go to Services » Card Management to get started.

Check out the ways to help protect your cards from fraudulent use in the event they are lost, stolen, or even misplaced. Additionally, using card controls is a great

way to help you monitor your card accounts and spending habits. With Mobile Card Controls you can:

• Lock/unlock your credit/debit card in real-time*

• Use customized options for your alerts• Know when and where your credit/debit

card is being used• Set spending controls to help you stay

on budget * Please note that any recurring charges to your card will still be accepted.

Just about everything that you can do at a branch can be done from the comfort of your home, office or even while relaxing on the beach!

Members 1st Online:This is our traditional online banking system that allows you to use your home computer or laptop to do your banking.

Members 1st Mobile App:For you convenience lovers out there — everything can be done right from the palm

of your hand. The mobile app offers addi-tional features, such as mobile deposit and instant debit and credit card controls.

Customer Service:Have a question that needs answered by a person? Confused about how to set up Members 1st Online or the mobile app? Our Customer Service team can help. Simply call (800) 237-7288.

Of course, you can still visit your local branch. We would love to see you and help you with any need.

For more details about Mobile Card Controls and how to get started, read our blog post: Easily Manage and Monitor your Cards at members1stblog.org.

SPRING 2019 5

1. Set up travel noticesTell us where you are going and which debit and credit card(s) you plan to take on your trip. This will help minimize the chances of your card being blocked or flagged for unusual activity, preventing any service interruptions during your trip. Simply go to Services » Card Management » Travel Notices on both Members 1st Online and the Members 1st Mobile App.

2. Set up Mobile Card ControlsThese are easy to set up, and help you manage all your debit and credit cards. If you think you left your card on the beach

in Belize, you can simply turn off your card until you locate it. Or, if you want to know each time you spent

money at the grocery store, you can set up an alert for that. See page 4 for

more details.

3. Use our Visa Signature® Card*

While you relax, earn cash back** with every purchase you make on vacation, from pizza on the boardwalk to that souvenir T-shirt. Remember, there are no foreign transaction fees and this card offers many enhanced benefits, including no annual fee and your choice of cash back or points rewards.**

For more details on travel notices, card controls or our Visa Signature Card, simply visit members1st.org or speak to an associate at your local branch.

*Visit our website for important disclosure information.**Your Members 1st Federal Credit Union Visa Signature Card will earn your choice of 1.5% cash rewards for every dollar spent (less credits, returns and adjustments) or 1.5 points for every dollar spent. Balance Transfers, Cash Advances, purchasing of money orders or cash equivalents (includ-ing ATM advances) are not eligible for rewards. Should your account become 90 days or more delinquent or fall out of good standing any and all accumulated cash or points rewards will be forfeited. Cash Back Reward redemption options are outlined at www.scorecardrewards.com. Minimum redemption amount is $25.00 for cash rewards. Points rewards can be redeemed at any time. All cash back and points rewards are non-expiring. Ask an associate for details. We do business in accordance with the Federal Fair Housing Law and Equal Credit Opportunity Act.

It’s the summer travel season! 3 WAYS TO MAKE YOUR VACATION MORE ENJOYABLE AND STRESS-FREE

6 AVENUES

Make your Move.TIPS FROM OUR EXPERTS TO SIMPLIFY

YOUR MORTGAGE PROCESS.

THE BEGINNING.Meet with a qualified mortgage specialist before you begin looking for a new home. Get an idea as to how much home you can realistically afford and the type of financing that is available. Ask to be pre-qualified for a mortgage. Inquire about the down payment requirements, application fee, information required for the application process, inspection fees, closing costs and other miscellaneous costs such as home-owners insurance. Then, go search for your dream home!

THE FINANCING.Once you find the right home, your agent will assist you in writing up an offer for purchase. Work with your lender to deter-mine which type of loan or refinancing program best fits your situation. There are many options, and an experienced lender should be able to make recommen-dations. Complete a full application and provide supporting documentation such as asset statements, W-2’s, paystubs and tax returns. This can be done online or in person. Once your home purchase offer is accepted, you can lock-in the interest

W hether you are buying your first home, a vacation home, or if you are planning to trade up, relocate, build or refinance, the

process involved to get into your new home can seem overwhelming.

Follow the general steps below and read tips from our experts to gain the confidence and knowledge you need to make your dream a reality.

Talk with us about becoming pre-

qualified. This will give you peace-of-mind,

a competitive advantage, and enable you to

know ahead of time what you can afford.”

— Scott Mayberry, Mortgage Originator

SPRING 2019 7

We strive to make the closing process smooth

for all involved —the member, the closing agent and

the attorney(s). Our supportive and knowledgeable

closing team will assist you with the preparation and

finalization of the closing and settlement process.” — Donna Martin, Quality Assurance and Closing Manager

rate for your loan. This means that if rates increase, your rate will not change. Your lender will underwrite/approve your loan, obtain an appraisal, and gather any other needed documents.

THE SETTLEMENT.We have a dedicated settlement group, called Members 1st Settlement Company, which is comprised of professionals who will take you straight through the settle-ment/closing process. All documents will be prepared and ready for your signature at closing. Be sure to bring your closing cost funds,

identification and other requested docu-ments. Then sign and leave with the keys to your new home!

MAKE THE CALL.Our Mortgage Services team is ready to help you. From your first hopes and dreams, to the day you walk into your new home, we are here to help. We truly provide a one-stop shopping experience for your home mortgage needs.

Call us at (800) 283-2328, ext. 6026 or visit members1st.org/products-services/mortgage-services.

Our processing and under-

writing teams work together to

ensure we are providing a superior

level of service to our members

and real estate partners. Frequent

communication with everyone

throughout the process helps us

achieve this goal so everyone can

feel confident we will meet the

closing deadline.”

— Barbara Baublitz, Real Estate Operations Manager

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HOME IS WHERE THE POOL IS

You start building equity in your home with your down payment and your first mortgage payment. You

can put your equity to use to finance a variety of needs. Members Kia and Matt of Elizabethtown, Pennsylvania, used their home’s equity to build their own weekend oasis.

M1st: Tell us about your vision for your poolside weekend oasis.K & M: When we purchased our home in 2007, we had every intention of putting in a pool one day. When the recession hit in 2008, we decided to postpone our project. In 2017, we revisited our pool project. After getting estimates to have the pool installed, we put the ball in motion to search for financing. We had a landscaper work with the pool company to ensure our vision would come to life. And in the spring of 2018, it did!

We are both in sales and lead very busy lives. It was important for us to create a beautiful oasis in our backyard that we would never want to leave on the weekend. We love to entertain, and this project is exactly what we dreamed it would be.

We love inviting our son and beautiful granddaughter over for an afternoon of cooking out, a game of Marco Polo and poolside Jenga. We are looking forward to making many more memories with our family and friends.

M1st: When you first considered adding a pool to your home, were you thinking about ways to finance the project?K & M: Initially, we did not think about the financing. We wanted to see the total cost along with all the additional items that come along with a project of this size. As expected, we reviewed the estimates and determined that what we wanted would cost a bit more than we planned. We determined we didn’t want that to come out-of-pocket up front. First, through referrals from friends, we selected our pool company. Then, we determined that a home equity product was the right financing solu-tion for this project.

M1st: How did you decide on Members 1st for your home equity loan?K & M: We are close friends with Mike Wilson, Chief Marketing Officer of

The Hostetler pool became a reality with a Members 1st Home Equity Freedom product.

Q&A with members Kia and Matt Hostetler

SPRING 2019 9

Members 1st. Through casual discussions with him, he steered us in the right direction and encouraged us to look into the Home Equity Freedom product. M1st: What was your home equity journey like? Tell us about your experience with our associates while completing the home equity loan process.K & M: Our journey started with Kala Umberger, the manager of the Strawberry Square location. Kala was thorough and very detail-oriented. She made the process easy and stress free. Kala was always willing to come pick up documents or make arrange-ments with the Hershey location to facilitate the progression of the loan. With our busy schedules, this made things much easier.

M1st: Would you recommend our Home Equity Freedom product to others?K & M: Absolutely!!!

M1st: Do you have plans for future home improvements?K & M: We are always looking for our next project! We also have some investment properties and we will definitely be using Members 1st in the future!

M1st: What do you like most about Members 1st?K & M: We like the local hometown feel of each branch. In the short period of time since we have been doing business with the credit union, associates have gotten to know us. Whenever we walk into a branch, they say hello and call us by our first name. This is so important when trying to build a solid relationship.

To learn more about how YOU can enjoy this summer with the help of our Home Equity Freedom product, visit your favorite branch, go to members1st.org, or call Consumer Lending at (717) 795-6040.

We are looking for a few highly- satisfied and outgoing members who are willing to share their stories of outstanding service and unparalleled experiences. You could be featured in this newsletter, on our website, on our blog or on social media. Submit your information and story online at members1st.org/member-stories.

Matt and Kia enjoy drinks poolside at their Elizabethtown home.

Want to share your story?

10 AVENUES

Live Long and ProsperHow long might you live in retirement?

Think carefully. Your answer could influence whether you have enough

money for a comfortable retirement or if you will just scrape by.

According to pension mortality tables, at least one member of a 65-year-old couple has a 72% chance of living to age 85 and a 45% chance of living to age 90.¹ This suggests that many of us will need to plan carefully to ensure that we don't outlast our assets.

Live Long and ProsperThe first step in tackling longevity risk is to figure out how much you can realistically afford to withdraw each year from your personal savings and investments. You can tap the expertise of a qualified financial professional to assist you with this task. Or, you can use an online calculator to help you estimate how long your money might last.

One strategy is to withdraw a conserva-tive 4% to 5% of your principal each year. However, your annual withdrawal amount will depend on a number of factors, including the overall amount of your retirement pot, your estimated length of retirement, annual market conditions and inflation rate, and your financial goals. For example, do you wish to spend down all of your assets or pass along part of your wealth to family or a charity?

Protecting Your Retirement PaycheckNo matter what your goals, there are ways to potentially make the most out of your nest egg. The remainder of this article examines how a strategy might play out with assets held in taxable accounts.

First, you'll likely need ready access to a cash reserve to help pay for daily expendi-tures. A common rule of thumb is to keep at least 12 months of living expenses in an interest-bearing savings account, though your needs may vary.

Then, consider refilling your cash reserve bucket on an annual basis by selectively liquidating different longer-term investments, timing gains and losses to offset one another whenever possible.

Developing a Diverse Income StrategyResponding to the current interest rate environment is one way to potentially squeeze more income from your savings and stretch out the money you've accumu-lated for retirement. For example, if rates are trending upward, you might consider keeping more money in short-term certifi-cates of deposit (CDs) or share certificates.² The opposite strategy may be employed when rates appear to be declining.

Most retirees need their investments to generate income. Bonds may help fill this need. "Laddering" of bonds can poten-tially create a steady income stream while helping reduce long-term interest expo-sure. Ask your financial professional to discuss this strategy with you.

A common way to help temper invest-ment risk is to spread it out by diversifying among different types of securities. A retiree seeking income can use the same strategy by adding dividend-paying equi-ties to his or her portfolio. But be aware that diversification does not ensure a profit or protect against losses in a declining market.

These stocks potentially offer the

SPRING 2019 11

opportunity for supplemental income by paying part of their earnings to share-holders on a regular basis. Another poten-tial attraction? Qualified stock dividends are currently taxed at a maximum rate of 20%, rather than ordinary federal income tax rates, which currently run as high as 39.6%. Also, keep in mind that investing in an equity-income mutual fund, which generally holds many dividend-paying stocks, may help reduce risk compared with investing in a handful of individual stocks.

Adding Annuities to the MixOne way to potentially provide regular income and address longevity risk is to purchase an immediate annuity. In exchange for giving an insurer a specific amount of money, you're guaranteed income for either a specific period of time, or life. Keep in mind, however, that guaran-tees are backed by the claims-paying ability of the issuing company.

One tactic might be to figure out your annual expenses and determine how much income you'll receive from Social Security and pensions (if any). Then, consider purchasing an annuity that will make up any shortfall. This potentially allows you to cover your regular expenses. Then, you can put your other investments to work pursuing growth.

There are many types of annuities, so speak with a financial professional to carefully weigh your options, and be sure to examine fees and other charges before buying.3

Accounting for GrowthFinally, be cautious about being overly conservative with your investments. Many people may live 30 or more years in retire-ment. Therefore, your portfolio may need a boost of stocks to outpace inflation over the years.

These are just a few ideas for devel-oping an adequate income plan during retirement. Consider sitting down with a qualified financial professional to discuss these and other strategies that might be appropriate for your situation.

1 Source: Society of Actuaries, Risky Business: Living Longer Without Income for Life (2013).2 Certificates of deposit (CDs) and share certificates are FDIC and NCUA insured, respectively, and offer a fixed rate of return if held to maturity.3 An annuity is a long-term tax-deferred investment vehicle designed for retirement purposes and may contain both an investment and an insurance component. Guarantees are based on the claims-paying of the issuer and do not apply to a variable annuity's separate account or its underlying investments. Withdrawals from annuities prior to age 59½ are subject to a 10% additional tax. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Issuing companies may also charge surrender charges for some early withdrawals. Neither fixed nor variable annuities are insured by the FDIC or NCUA, and they are not deposits of — or endorsed or guaranteed by — any bank or credit union. Investing in variable annuities involves risk, including loss of principal.Because of the possibility of human or mechanical error by DST Systems, Inc. or its sources, neither DST Systems, Inc. nor its sources guarantees the accuracy, adequacy, completeness or availability of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. In no event shall DST Systems, Inc. be liable for any indirect, special or consequential damages in connection with subscriber's or others' use of the content. © 2017 DST Systems, Inc. Reproduction in whole or in part prohibited, except by permission. All rights reserved. Not responsible for any errors or omissions.

Securities offered through LPL Financial, member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates. The investment products sold through LPL Financial are not insured Members 1st FCU deposits and are not NCUA insured. These products are not obligations of Members 1st FCU and are not endorsed, recommended or guaranteed by Members 1st FCU or any government agency. The value of the investment may fluctuate, the return on the investment is not guaranteed, and loss of principal is possible. Members 1st Federal Credit Union and Members 1st Investment Services and Wealth Management are not registered broker/dealers and are not affiliated with LPL Financial.

To find a Wealth Advisor at a branch near you or to schedule your complimentary in-person consultation, call (800) 283-2328, ext. 5592 or visit Members1stInvestments.com.

12 AVENUES

As you think about your career options, have you considered continuing your educa-tion? According to the U.S. Bureau of Labor Statistics (BLS), workers with a bachelor's degree earned an average of $464 per week more than workers with only a high school diploma — a higher salary that can add up over the course of your lifetime. While a higher income is a primary benefit of continuing your education, jobs that require bachelor’s and master’s degrees also tend to provide more benefits like health care, retirement, travel and other perks. These benefits may offer stability for you and your family.

Does your employer offer you education reimbursement? You may want to check with your Human Resources department. At Members 1st, we are proud to offer our associates educational reimbursement each calendar year. Our associates use this benefit to complete an associate’s, bachelor’s or master’s degree, or take college-credit courses to learn new skills. We currently have over 60 associates taking part in our educational reimbursement program.

Employer programs like this can help make attending or returning to college more affordable, but a recent study put out by The College Board showed average annual in-state college tuition in Pennsylvania was $22,299 for the 2017-2018 academic year. Will tuition ever stop increasing? Since 1978, college tuition and fees have increased by a whopping 1,120%. During that same period, the price of food has increased 244% and medical expenses 601%. In fact, tuition prices have gone up four times faster than the consumer price index, according to a report by Bloomberg.

Even if your employer offers tuition assis-tance, perhaps Members 1st can help you achieve your goals with one of our loan options. See page 13 for information about our student loan programs. We also offer great refinancing options for those with current student loans.

WORK-LIFE BALANCE:

EDUCATION REIMBURSEMENT

By Sara J. KennedySenior Vice President of Associate Experience

SPRING 2019 13

FINANCING YOUR EDUCATION CAN SEEM LIKE A CHALLENGING TASK, BUT IT ISN’T IMPOSSIBLE.

Always begin by pursuing financial aid and scholarships. Do your homework and research, research, research. You may be pleasantly surprised by the different options for which you may qualify.

Next, look for advice and information. We recommend that you visit our Student Planning page at members1st.studentchoice.org. You’ll find webinars, tips on planning for college, student loan information, and best of all — it’s FREE! You can also sign up to speak one-on-one with a free College Access Counselor.

Visit members1st.studentchoice.org or contact our 24-hour call center at (800) 369-4980 for more information.

Finally, determine any gaps after your financial aid and scholarship packages are set. Be sure to look for loans that offer competitive interest rates, convenient payment options and terms, and no origi-nation fees.

This is where Members 1st can help! We want you to feel comfortable with your choice of loan provider and as your credit union, we are ready to help you with your lending and other financial needs as you progress through college, graduation, employment, and beyond.

We offer the following through our Credit Union Student Choice program:

Undergraduate Loans • Borrow up to $40,000 per academic year

Graduate Loans • Borrow up to $65,000 per academic year

Both Undergraduate and Graduate Loans• Interest rate based on loan term and

credit score• 0.25% rate reduction for automatic

payments• Choose from three available repayment

options• Choose from three available loan terms• Other qualifications apply

Refinancing Current Student Loans • Borrow up to $200,000• Variable and fixed interest rates available• 0.25% rate reduction for automatic

payments• Choose from three available loan terms• Other qualifications apply

Visit members1st.org » products-services » student-services for full details, qualifica-tions, payment options, and more. Or call our 24-hour call center at (800) 369-4980.

Confused about Student Loans?

By Jeff ErnstVice President of Consumer Lending

We do business in accordance with the Federal Fair Housing Law and Equal Credit Opportunity Act.

14 AVENUES

Understanding Homeowners Insurance

Your home is likely your most valu-able asset, and a homeowners insurance policy is an important part

of protecting your home and your belong-ings. If you have a mortgage on your home, your lender probably required you to get a homeowners policy. Even without a mort-gage, homeowners insurance is still your best bet to protect your investment.

The basic job of a homeowners policy is to protect your home and possessions from certain perils, such as wind, hail, fire damage and theft. It also offers liability protection, which protects your assets from liability claims, medical expenses and other damages if people are injured on your property.

Most common types of homeowners policiesThe type of home you own will usually dictate the coverage type you have. Here are the three most common options:• Peril Policy – Only specific perils are

covered, such as theft, wind, fire and lightning.

• Exclusion Policy – All perils are covered except those specifically called out in the policy, such as earthquakes, flood, mudslides, etc.

• Renters Insurance – Covers all of your personal property in an apartment or house. It also offers liability protection in the event someone is injured in your apartment.

Overview of your property coverageWhen it comes to homeowners coverage, you need enough insurance in the event that you need to cover the cost of the following after a disaster:• Rebuilding the structure of your home• Replacing your personal property• Paying for the cost of additional living

expenses (if you need to live somewhere else while your home is repaired or rebuilt)

• Covering the cost of personal liability claims

Get help from the expertsHave a professional Insurance Services Representative review your Declaration Page, especially if your Declaration Page turned up exclusions you are unhappy with, minimum coverage levels are not sufficient, or it is simply not offering the protection you need. About two-thirds of American homes are underinsured, estimates Nationwide. Don't wait until you file a claim to find out you lack coverage, or are under-insured and responsible for paying a lot of money out-of-pocket.

*Insurance products are not federally insured and are not obligations of or guaranteed by Members 1st FCU, Members 1st Insurance Services, or any other affiliated entity.

Would you like to have your Declarations Page reviewed? We can help.Reach out to our Insurance Services agents today by calling (844) 498-6467 or visiting our web page at members1st.org/products-services/insurance-services.Remember, you may qualify for an additional discount on your personal insurance premiums!

SPRING 2019 15

We do business in accordance with the Federal Fair Housing Law and Equal Credit Opportunity Act.

Contact Mortgage Services for details!(717) 795-6026(800) 283-2328, ext. 6026mortgage@members1st.orgmembers1st.org/products-services/mortgage-services

*Members 1st FCU must be in a first lien position. Owner occupied 1-4 family, warrantable condo or PUD. Member Loyalty Rewards may apply. Minimum 1% borrower contribution towards closing costs, pre-paids or minimum reserve requirements. Gift funds are permitted to meet minimum borrower contribution. Seller assistance up to 3% permitted. Two months’ reserves required or residual monthly income equal to the monthly mortgage payment including principal, interest, taxes and insurance. Sample terms: If you borrow $300,000.00 at 4.301% APR with a 30-year term, your estimated monthly payment may be $1,514.14 for principal and interest. The payment amount does not include taxes and insurance and the actual payment may be greater. Annual percentage rate at a 100% loan to value. An interior and exterior residential appraisal will be required. Flood determination is required. Escrows for taxes, insurance and flood insurance (if applicable) is required and the monthly payment will be greater. Monthly Borrower Paid Mortgage Insurance - 25% coverage with Genworth only. Non-traditional credit and non-occupant co-borrowers are ineligible. Ask for details.

Own your own home sooner than you think.

No money down for first time homebuyers!

Tired of renting? Don’t want to live by someone else’s rules? Looking to try out all of those design ideas you learned from those fixer upper shows? First time homebuyers may now borrow 100% of the financing needed to purchase a primary residence.

• 30-year fixed rate mortgage• Maximum loan amount is $484,350• Applicant must be a first time home buyer• Property is located within Pennsylvania, Maryland,

Delaware, North Carolina, South Carolina or Florida

100% FINANCING!*

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Customer Service: (800) 237-7288 or accountinquires@members1st.org

Administrative Headquarters: (800) 283-2328

Loan Payments & Deposits: members1st.org or call (800) 237-7288

Branch & ATM Locator: members1st.org

Surcharge Free ATMs: members1st.orgCON

TACT

US

Members 1st FCU does not promote, endorse, or ensure the accuracy of information found on any website or publications referenced in this publication. This newsletter is intended to be informative in nature and should not be construed as legal or financial advice.

©2019 Members 1st Federal Credit Union. Federally insured by NCUA.

We do business in accordance with the Federal Fair Housing Law and Equal Credit Opportunity Act.

WANT YOUR PHOTO TO BE IN OUR 2020 CALENDAR?Give us your best local shots! We want to experience the uniqueness and heritage of your Southcentral PA hometown. To show us what it’s like in your neck of the woods, simply visit members1st.org to upload your photo. Each of the 12 monthly winners will receive a $75 Visa gift card!

To submit your photos and read contest rules: members1st.org/promotions/calendar-contest

Deadline: June 28, 2019

For a listing of seminars, events and bus trips, visit our events calendar at members1st.org

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HAVE YOU MOVED RECENTLY? We want to be sure that you are receiving information from us in a timely and secure manner. And that means updating your address as soon as you can after you move. Simply change your address online, by calling Customer Service, or by visiting your local branch. For security reasons, we will NO LONGER be able to accept address changes by regular postal mail. Due to the high number of identity thefts that occur today, we want your information to be safe.

Questions? Call Customer Service at (800) 237-7288.