west-aircomm’s free checking · beaver, moon, or aliquippa ... we offer ira and roth certificates...

A Quarterly Newsletter Published By West-Aircomm Federal Credit Union January, 2013Vol. 31, No. 1

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IN THE

UNITED STATES

BUSINESS REPLY MAIL

POSTAGE WILL BE PAID BY ADDRESSEE

FIRST-CLASS MAIL PERMIT NO.160 BEAVER,PA

WEST-AIRCOMM

FEDERAL CREDIT UNION

PO BOX 568

BEAVER PA 15009-9936

WEST-AIRCOMM VISA PLATINUM CREDIT CARD

724-775-9854

INVESTMENT DEPARTMENTCall Member Service Rep. at 724-775-9889

SAVINGS ACCOUNTS / NEW MEMBERSHIPCall Member Service Rep. at 724-775-9889

FREE CHECKING ACCOUNT ANDVISA CHECK CARD

Call Member Service Rep. at 724-775-9889

PAYROLL DEDUCTIONCall Member Service Rep. at 724-775-9889

DIRECT DEPOSITCall Member Service Rep. at 724-775-9889

HOME BANKING & BILL PAYCall Member Service Rep. at 724-775-9889

PERSONAL TELLERLINE724-775-4482

1-888-453-0170(Outside Area Codes 412 & 724)

FAX724-775-9635

ROUTING/ACH NUMBER2433-7970-5

TOLL FREE NUMBER(Outside Area Codes 412 & 724)

1-888-846-6558

WEBSITE ADDRESSwww.westaircomm.com

EMAIL [email protected]

[email protected]@westaircomm.com

[email protected]

PRODUCTS / SERVICES

MEMBERS FINANCIAL SERVICESCall Member Service Rep. at 724-775-9889

NO POSTAGE

NECESSARY

IF MAILED

IN THE

UNITED STATES

BUSINESS REPLY MAIL

WEST-AIRCOMM

PO BOX 568

BUSINESS REPLY MAILFIRST-CLASS MAIL PERMIT NO. 160 BEAVER PA

WEST-AIRCOMMFEDERAL CREDIT UNIONPO BOX 568BEAVER PA 15009-9936

PAY OFF YOUR FIRST MORTGAGEWith a 10-Year Fixed RateHome Equity Refinance Loan3.35% APR

HELOC LOAN AT 0.99% APR For the second year, WAC is offering a Home Equity Line of Credit (HELOC) at a low rate of 0.99% APR. The 0.99% APR is locked in for one year with no closing costs on credit lines up to $100,000. Also, there aren’t any annual or application fees. Apply for this great HELOC offer with the postage paid application on page 4, online at westaircomm.com or at any of our branches.

IRAWAC ROTH•

•••

An IRA designed to build up funds without ever paying taxes on the investment earnings

Call the Member Services Departmentat 724-775-9889 for more information

No age limit when youmust start taking withdrawals.Pay no federal taxes whatsoever on

withdrawals during retirement if you areage 59-1/2 or older and have had moneyin the account for at least five years

IRA Accounts are federally insured up to $250,000 by the NCUA, a U.S. Government Agency.

West-Aircomm’s Low Loan Rates

To apply for a loan, call the Loan Department at 724-775-9630, apply at either theBeaver, Moon, or Aliquippa branches, FAX your loan application to 724-775-9635, or apply online at www.westaircomm.com

We offer IRA and Roth Certificates for the same terms and APY’s as the regular certificates listed above.

Regular Money Market ($2,000 min.) 0.25% APY • Money Market Special ($10,000 min.) 0.40% APY Call a Member Service Representative at 724-775-9889 or visit our website at www.westaircomm.com for current APY information.

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

12 Month - 0.50% APY 24 Month - 0.70% APY 30 Month - 1.05% APY

APR=Annual Percentage Rate. All loan approvals are subject to normal underwriting standards. All rates are subject to change without notice.Rates are shown “as low as” and are based on credit worthiness.

Used Recreational VehiclesUp to 5 yrs. . . . . . . . . . . . . . . . . . . . . .Up to 7 yrs. . . . . . . . . . . . . . . . . . . . . .

6.99%7.25%

Unsecured

9.50%9.99%

10.99%

Up to 3 yrs. . . . . . . . . . . . . . . . . . . . Up to 4 yrs. . . . . . . . . . . . . . . . . . . .Up to 5 yrs. . . . . . . . . . . . . . . . . . . .

Motorcycles2011-2013 Models

6.25%6.50%

Up to 5 yrs. . . . . . . . . . . . . . . . . . . . . .Up to 6 yrs. . . . . . . . . . . . . . . . . . . . . .

CERTIFICATES OF DEPOSITThese Annual Percentage Yields can change weekly and are from the week of 12/03/12.

91 Day - 0.25% APY 6 Month - 0.30% APY

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

National Credit Union Administraton, a U.S. Government Agency

Up to 7 yrs. . . . . . . . . . . . . . . . . . Up to 10 yrs. . . . . . . . . . . . . . . . . Up to 15 yrs. . . . . . . . . . . . . . . . .

3.99%5.49%5.99%

Home Equity Fixed RateTERM APR

Home Equity Line of CreditGood thru 12 Billing Periods . . 0.99%No fees on credit lines to $100,000.After 12 billing periods the APR will be based on the Prime Rate + 0%, 5% APR floor.

Up to 5 yrs. . . . . . . . . . . . . . . . . Up to 6 yrs. . . . . . . . . . . . . . . . .

Autos 2012-2013 Models(Less than 20,000 miles)

2.99%3.99%

Used Autos

Up to 5 yrs., 2006-2011 Models . . . . . . . . . . . . . . . . . . . . . . .Up to 5 yrs., 2002-2005 Models . . . . . . . . . . . . . . . . . . . . . . .

5.99%6.25%6.50%

Up to 5 yrs. . . . . . . . . . . . . . . . . . . . . .Up to 7 yrs. . . . . . . . . . . . . . . . . . . . . .Up to 10 yrs. . . . . . . . . . . . . . . . . . . . .

Recreational Vehicles (RV’s)2009-2013 Models

Boats 2009-2013 Models5.99%6.25%

Up to 5 yrs. . . . . . . . . . . . . . . . . . . . . .Up to 7 yrs. . . . . . . . . . . . . . . . . . . . . .

Used Boats6.99%7.25%

Up to 5 yrs. . . . . . . . . . . . . . . . . . . . . .Up to 7 yrs. . . . . . . . . . . . . . . . . . . . . .

6.99%Up to 5 yrs. . . . . . . . . . . . . . . . . . . . . .Used Motorcycles*

Up to 10 yrs. . . . . . . . . . . . . . . . . 3.35%

Home Equity Refinance LoanTERM (first position) APR

West-Aircomm’s Free Checking– Including –

• FREE ATM/Debit Card• FREE Bill Pay• FREE Home Banking • FREE Check Imaging• Overdraft Privilege• Surcharge FREE ATM Network• FREE Starter Pack of Checks

• FREE Telephone Banking• FREE E-Statements• Unlimited Check Writing• No Minimum Balance• No Monthly Service Charge• FREE Checks for Seniors 55 and Over

724-775-9889

Once again West-Aircomm is offering a low-cost Home Equity Refinance loan designed to pay off your first mortgage, at a low rate of 3.35% APR! The 3.35% APR is fixed for up to a 10 year term. Unlike refinancing your first mortgage with a conventional mortgage loan paying thousands of dollars in closing costs, this loan has low closing costs without the hassles of refinancing your typical/conventional first mortgage loan. We do require a WAC first lien position after paying off your mortgage.

Annual percentage rate (APR) is accurate as of 01/01/13 and could change without notice.The monthly payment is $9.82 per $1,000 borrowed. Owner occupied home required. Property insurance required. Title insurance and appraisal may be required. Subject to WAC’s underwriting standards.Other rates and terms are available.

The annual percentage rate could change without notice. After one year the APR is based on the prime ratewith a floor of 5.00%. Property insurance required. For credit lines over $100,000 title insurance and appraisal may be required. Subject to WAC’s underwriting standards.

• Save thousands of dollars on your mortgage loan by paying off sooner

• Low closing costs compared to a conventional mortgage

Apply today with a convenient postage paid application on page 4 of the UPFRONT, online at westaircomm.com or at any of our branches.

• No escrow• No application fee• No prepayment penalty• Faster approvals and closings

–2–WAC

Annual Election

Procedures

–3–Credit Union Updates

–4– Home Equity

CreditApplication

–6–West-Aircomm’s

Loan andCertificates of Deposit

–6–MembersFinancialServices

FEDERAL CREDIT UNION'S

Vol. 31, No. 1January, 2013

P.O. Box 568485 Buffalo Street

Beaver, PA 15009-0568724-775-6640 • 724-775-6645

FAX: 724-775-9635

989 Beaver Grade RoadMoon Twp., PA 15108

412-264-2613FAX: 412-264-2833

2015 Main StreetAliquippa, PA 15001

724-378-3534FAX: 724-378-6083

BEAVER OFFICE HOURSMON., TUES., WED., FRI.

9:00 a.m. - 4:45 p.m.THURS. 9:00 a.m. - 6:45 p.m.

SAT. 9:00 a.m. - Noon

BEAVER DRIVE-THRU HOURSMON., TUES., WED., FRI.

8:30 a.m. - 6:00 p.m.THURS. 8:30 a.m. - 6:45 p.m.

MOON OFFICE & DRIVE-THRU HOURSMON., TUES., WED., FRI.

9:00 a.m. - 4:45 p.m.THURS. 9:00 a.m. - 6:45 p.m.

SAT. 9:00 a.m. - Noon (Drive-Thru Only)

ALIQUIPPA OFFICE &DRIVE-THRU HOURSMON., TUES., WED., FRI.

9:00 a.m. - 4:45 p.m.THURS. 9:00 a.m. - 6:00 p.m.

Ray Brunner, CEO/Director

Rod Bear, ChairmanLogan Little, Vice ChairmanMike Spanik, Treasurer

Phil Pietrandrea, SecretaryDave Hodge, DirectorLarry McDaniels, Director

Board of Directors

Mike SpanikLarry McDanielsPhil Pietrandrea

WAC AnnuAl ElECtion ProCEdurEs

You can contact the Nominating Committee at 724-775-6640. The following are election procedures to be followed according to the National Credit Union Administration Guidelines:

• Persons interested in becoming candidates are advised to apply to the Nominating Committee. All interested persons must submit a short biographical resume with qualifications (75 words or less) by January 30, 2013.

• The committee will advise all applicants as to whether or not they have been nominated by February 15, 2013.

• Applicants not nominated by the Nominating Committee or applicants wishing to use the petition process must file their petitions for nomination with

The 2013 election of officers will be conducted by mail ballot. This will give every member an opportunity to vote. The Board of Directors’ positions will be for three year terms. Nomination of Candidates can be made by the Nominating Committee or by petition. Credit Union Chairman, Rod Bear, has appointed the following to serve on the Nominating Committee for the upcoming election:

the secretary of the credit union by March 15, 2013.

• All applicants using the petition process must get the signatures of a minimum of 1% of the membership (membership as of 12/31/12). The applicant must also submit a certificate stating they are agreeable to the nomination and will serve if elected. In addition, the applicant must give a short resume (not more than 75 words) containing biographical data. This data will be published in the official candidate listing and mailed along with the ballot.

• Posting of nominations and petitions in the Beaver, Aliquippa and Moon branches by March 22, 2013.

• Ballots mailed to all members (as of 12/31/12) by April 1, 2013.

• Deadline for return of ballots by midnight of April 15, 2013.

• April 27, 2013 - Annual Meeting.

uPComing HolidAys

$1,000 scholarships For High school seniors High school se-niors graduating by July 1, 2013 are eligible to apply for a $1,000 West-Aircomm scholarship. WAC will award three $1,000 scholar-ships in 2013 at our annual meet-ing. In addition, the Beaver Valley Chapter of Credit Unions will award five $500 scholarships in 2013. As a member of West-Aircomm, you are eligible to apply for each of these scholarships. The applications and requirements are available in all of the branches. For additional information, contact Erin Forrester at 724-775-6640.

Free E-statements For a number of years, WAC has offered freeE-Statements to our members. E-Statements are convenient, easy to access, and more punctual than regular mail. It would not only benefit you, but also would help WAC decrease mailing costs!

There are many benefits of E-Statements:• Fast – Receive access to your statements on the

first day of each month.• Free- You pay nothing for E-Statements.• Convenient – Access your statement anytime and

anywhere.• Secure – WAC secures your account information

with password entry, firewalls and encryption.

How do I get started?• You can sign up online at westaircomm.com.• First sign up for WAC’s Home Banking program

online called “Virtual Branch”.• The next step is to sign up for free E-Statements –

no more paper!

Questions: If you are having any ques-tions or difficulty signing up for E-Statements, please call a Member Service Repre-sentative at 724-775-9889 or e-mail them at [email protected]. They will help guide you through the process.

Withholding notice(Form 2317) Payments from your IRA are subject to federal income tax withholding, unless you elect no withholding. You may change your withholding election at any time prior to your receipt of a payment. To change your withholding election complete the appropriate form provided by West-Aircomm. Withholding from IRA payments, when combined with other withholding, may relieve you from payment of estimated income taxes. However, your withholding election does not affect the amount of income tax you pay. You may incur penalties under the estimated tax rules if your withholding and estimated tax payments are insufficient.

Contact IRA coordinator, Renee Hubbard at724-775-6640, for more information.

1. NOTE AND COMPLETE

Individual Credit: Complete Applicant section. Complete Co-Applicant, Spouse (referred to as “Other”) section: (1) about your spouse if you live in a community property state (AZ, CA, ID, LA,NM, NV, TX, WA, WI), or (2) if your spouse will use the Account. Please check box to indicate whom the information is about.

Married Applicants may apply for a separate account. Check the appropriate box to indicate Individual Credit or Joint Credit.

CO-APPLICANT SPOUSEUse “SAA” if information is “Same As Applicant”

WEST-AIRCOMM FEDERAL CREDIT UNIONHOME EQUITY CREDIT APPLICATION

2. APPLICANT INFORMATIONAPPLICANT

Please print in ink or type.

Name (Last - First - Initial)

Driver’s License Number/State

Account Number Social Security Number

Birth Date Home Phone Business Phone/Ext.

Present Address (Street - City - State - Zip)

Own Rent Years At This Address

Complete for Joint Credit, Secured Credit or if you live in a Community Property State: Married Separated Unmarried (Single - Divorced - Widowed)

List Ages of Dependents not listed by other Applicant (exclude self)

( ) ( )

6. DEBTS

Joint Credit: Provide information about both of you by completing Applicant and Other section.

HELOC Credit Line Amount Requested $Purpose of Loan:

In addition to Rent/Mortgage list all other debts (for example auto loans, credit cards, second mortgage, home assoc. dues. alimony, child support, child care, medical, utilities, auto insurance, IRSliabilities, etc.) Please use a separate line for each credit card and auto loan. Attach other sheets if necessary. Circle A (Applicant) or C (Co-Applicant) or both if applicable.

Creditor Name Present Balance Monthly Payment If Past Due �

You promise that everything you have stated in this application is correct to the best of your knowledge and that the above information is a complete listing of all your debts and obligations. You authorizethe credit union to obtain credit reports in connection with this application for credit and for any update, renewal or extension of the credit received. If you request, the credit union will tell you the name andaddress of any credit bureau from which it received a credit report on you. You understand that it is a federal crime to willfully and deliberately provide incomplete or incorrect information on loanapplications made to Federal Credit Unions or State Chartered Credit Unions insured by NCUA. If there are any important changes, you will notify us in writing immediately. You also agree to notify us ofany change in your name, address or employment within a reasonable time thereafter.

APPLICANT’S SIGNATURE x

OTHER SIGNATURE x

7. SIGNATURES

Notice: Alimony, Child Support or Separate Maintenance Income need not be revealed ifyou do not choose to have it considered.Employment Income Other Income

$ Per $ Per Net Gross Source

Address of Property to be Held on Home Equity Loan

1st Mortgage Bal. Date Bought Price of Property Market Value Payment Monthly

2nd Mortgage Bal. To Whom Payment Monthly

Name of Creditor Holding First Mortgage

Name and Address of Employer

3. EMPLOYMENT INFORMATION

Starting Date

Ending Date

Your Title/Grade Supervisor’s Name

Start Date Hours at Work If Self Employed, Type of Business

If Employed in Current Position less than five years, Complete Previous EmployerName and Address

Military: Is Duty Station Transfer Expected During Next Year Yes No Where Ending/Separation Date

Starting Date

Ending Date

4. INCOME INFORMATION

5. REAL ESTATE DATA

Home Equity Fixed Amount Requested $Repayment: Payroll Deduction Cash Automatic Payment Other

DATE DATE

MARTIN LUTHER KING, JR. BIRTHDAY

Monday, January 21, 2013

PRESIDENTS’ DAY - Monday, February 18, 2013

Beaver, PA 15009-0568724-775-6640 • 724-775-6645

FAX: 724-775-9635

412-264-2613FAX: 412-264-2833

724-378-3534FAX: 724-378-6083

9:00 a.m. - 4:45 p.m.THURS. 9:00 a.m. - 6:45 p.m.

8:30 a.m. - 6:00 p.m.THURS. 8:30 a.m. - 6:45 p.m.

9:00 a.m. - 4:45 p.m.THURS. 9:00 a.m. - 6:45 p.m.

9:00 a.m. - 4:45 p.m.THURS. 9:00 a.m. - 6:00 p.m.

Board of Directors

uPComing HolidAys

no more paper!

( ) ( )

6. DEBTS

OTHER SIGNATURE x

7. SIGNATURES

Starting Date

Ending Date

Starting Date

Ending Date

5. REAL ESTATE DATA

DATE DATE

Beaver, PA 15009-0568724-775-6640 • 724-775-6645

FAX: 724-775-9635

412-264-2613FAX: 412-264-2833

724-378-3534FAX: 724-378-6083

9:00 a.m. - 4:45 p.m.THURS. 9:00 a.m. - 6:45 p.m.

8:30 a.m. - 6:00 p.m.THURS. 8:30 a.m. - 6:45 p.m.

9:00 a.m. - 4:45 p.m.THURS. 9:00 a.m. - 6:45 p.m.

9:00 a.m. - 4:45 p.m.THURS. 9:00 a.m. - 6:00 p.m.

Board of Directors

uPComing HolidAys

no more paper!

( ) ( )

6. DEBTS

OTHER SIGNATURE x

7. SIGNATURES

Starting Date

Ending Date

Starting Date

Ending Date

5. REAL ESTATE DATA

DATE DATE

NO POSTAGE

NECESSARY

IF MAILED

IN THE

UNITED STATES

BUSINESS REPLY MAIL

WEST-AIRCOMM

PO BOX 568

724-775-9854

FAX724-775-9635

1-888-846-6558

[email protected]

PRODUCTS / SERVICES

NO POSTAGE

NECESSARY

IF MAILED

IN THE

UNITED STATES

BUSINESS REPLY MAIL

WEST-AIRCOMM

PO BOX 568

IRAWAC ROTH•

•••

6.99%7.25%

Unsecured

9.50%9.99%

10.99%

6.25%6.50%

Up to 5 yrs. . . . . . . . . . . . . . . . . . . . . .Up to 6 yrs. . . . . . . . . . . . . . . . . . . . . .

91 Day - 0.25% APY 6 Month - 0.30% APY

3.99%5.49%5.99%

Up to 5 yrs. . . . . . . . . . . . . . . . . Up to 6 yrs. . . . . . . . . . . . . . . . .

2.99%3.99%

Used Autos

5.99%6.25%6.50%

Boats 2009-2013 Models5.99%6.25%

Up to 5 yrs. . . . . . . . . . . . . . . . . . . . . .Up to 7 yrs. . . . . . . . . . . . . . . . . . . . . .

Up to 10 yrs. . . . . . . . . . . . . . . . . 3.35%

724-775-9889

–2–WAC

Annual Election

Procedures

–4– Home Equity

CreditApplication

NO POSTAGE

NECESSARY

IF MAILED

IN THE

UNITED STATES

BUSINESS REPLY MAIL

WEST-AIRCOMM

PO BOX 568

724-775-9854

FAX724-775-9635

1-888-846-6558

[email protected]

PRODUCTS / SERVICES

NO POSTAGE

NECESSARY

IF MAILED

IN THE

UNITED STATES

BUSINESS REPLY MAIL

WEST-AIRCOMM

PO BOX 568

IRAWAC ROTH•

•••

6.99%7.25%

Unsecured

9.50%9.99%

10.99%

6.25%6.50%

Up to 5 yrs. . . . . . . . . . . . . . . . . . . . . .Up to 6 yrs. . . . . . . . . . . . . . . . . . . . . .

91 Day - 0.25% APY 6 Month - 0.30% APY

3.99%5.49%5.99%

Up to 5 yrs. . . . . . . . . . . . . . . . . Up to 6 yrs. . . . . . . . . . . . . . . . .

2.99%3.99%

Used Autos

5.99%6.25%6.50%

Boats 2009-2013 Models5.99%6.25%

Up to 5 yrs. . . . . . . . . . . . . . . . . . . . . .Up to 7 yrs. . . . . . . . . . . . . . . . . . . . . .

Up to 10 yrs. . . . . . . . . . . . . . . . . 3.35%

724-775-9889

–2–WAC

Annual Election

Procedures

–4– Home Equity

CreditApplication

west-aircomm’s free checking · beaver, moon, or aliquippa ... we offer ira and roth certificates...

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