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3rd Quarter 2010 Newsletter

ACT NOW!

Keep overdraft privilege on your ATM and Debit Card transactions.
There is a new Federal Regulation that will not allow financial institutions to pay any overdrafts on ATM and Debit Card transactions if you do not have enough funds in your account...unless you sign up to Opt-In to overdraft privilege.

How does this affect you?
In the past, we automatically paid ATM and everyday Debit Card transactions even if there were insufficient funds in your account. We then charged you a small fee per transaction but your card was accepted. Now, if you do not Opt-In by the deadlines listed, and if your account does not have enough funds to pay for your transaction, your card will be denied and you will have to come up with an additional form of payment...such as cash or credit card. This is especially embarrassing if you are at a restaurant and finished eating or in a grocery store line with a cart full of groceries.

How much does overdraft privilege cost?
There is no charge for this service unless you use it. Then a fee of $25 per transaction will be charged which is much lower than most banks charge for NSF fees.

What is the Deadline?
For new members who open an account on or after July 1, 2010, the Opt-In deadline is immediate.

If you are an existing member (account opened before July 1, 2010), you have until August 14th to sign up for overdraft privilege but don’t wait...sign up now!

How do I sign up?
- Call us at 210.684.1054 or 877.297.5657 and we will mail you the form.
- Come by either office.

It takes just a few minutes to sign up and can give you the peace of mind that your account is covered.

Sign up now!

The good ole days...back when a coke was only a nickel, a hamburger was 10 cents, gas was 20 cents a gallon and . . . a car loan was financed at a rate under 4% Annual Percentage Rate?  Well we can’t bring back the costs on food, drink and gasoline, but we are here to Shake, Rattle, and Roll out the dough with incredibly low loan rates in our Blast Back to the 50’s promotion! Is your present car shaking and rattling in a bad way? Get a new one! We’re offering new and pre-owned vehicle loans on 2006 and newer models for as low as 3.9% APR. Do you feel like you are rolling around in circles going nowhere? Take a vacation!  We’ve reduced our Signature loan rates to as low as 5.9% APR with up to 24 months to repay. And, don’t forget to take along your SwRCFCU MasterCard – we offer very low rates and great benefits on Classic, Gold and Platinum Cards. It’s easy to apply. Just visit our website, come by any office or give us a call at 210.684.1054 or 877.297.5657. Don’t wait...these rates are too good to last long...apply now!

TEACH YOUR CHILDREN HOW TO
SAVE & SPEND RESPONSIBLY. WE CAN HELP!

Summer’s the perfect time to bring your children into one of our convenient locations and open an account designed for their age:

The Dollar Dog Kid’s Club (ages 0-12) makes saving money fun! When they join, they will receive an Official Club Membership Card, a Savings Passbook, plus more. They can also visit Dollar Dog's Clubhouse (available through swrcfcu.com) for learning, fun, and games.

The Cha-Ching Teen Club™ (ages 13-17) enables teens to learn how to manage their first Checking Account, MasterCard® Debit Card, Southwest Connection Audio Response, Southwest Online Banking and more. They can also learn other valuable money related topics, play games and more from Cha-Ching Online (available through swrcfcu.com).

The Edge (ages 18-24)  will give them the financial tools they need to get cars, credit cards, college loans and more. This account will advise them how to set a budget and will teach them to make right financial decisions that will benefit them the rest of their lives.

Find out more by visiting our website at swrcfcu.com.