News, events, and useful financial information from APCO Employees Credit Union.

Archive for category: Blog

apco-trimmier-will

The Credit Union has made arrangements with the attorneys at Trimmier Law firm to provide you with a special opportunity to have your will made.

You may be asking, “Should I have a will?” or “Do I need a will?” Well, here are a few reasons for having a will:

  • A will is the only way of ensuring that your wishes regarding the disposition of your property are met.
  • A will can relieve some of the burdens placed on your heirs by the probate court.
  • A will can save your estate money since many costs associated with an estate may be waived in the will.
  • A will allows you to pick who will oversee your estate.

Attorneys from the Trimmier Law Firm, LLC, will be at the Main Office on Wednesday, July 23 and Thursday, July 24 to conduct individual interviews for wills. More dates and locations will be scheduled if there is enough interest. There will be no cost for the interview and you will be under no obligation, but if a will is prepared, a fee will be charged according to the complexity of your situation.

If you are interested, please call Caitlin Brothers at 205.226.6896 to schedule an appointment for your interview.

The Alabama State Bar requires the following disclosures to be made. “No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers.”

apco-family-membership

Let your family in on a good thing: membership in the Credit Union.

If you are a member of the Credit Union, then your family members that are related by blood or marriage are able to join. It’s a perfect way to teach your kids (or grandkids) the benefits of saving regularly.

Set up a “family 401K account” for specific goals. For example, just as an employer provides matching dollars to a 401K fund, you could match your children’s deposits in an education account or for a down payment on a car.

 

A Boon To Family Members

The full range of services available to any member is also available to his or her family.

That includes share accounts, certificates of deposit, IRA’s, car loans, boat loans, checking accounts, and on and on. With our easy to use electronic services, even family members living elsewhere can take advantage of belonging to the Credit Union. That means brother Bill in L.A. or Grandma Ginny in Georgia can both get in on the Credit Union’s great rates and services.

 

Family Matters

Another thing we mean by family oriented is that we consider ourselves one big family – a family united by a common bond and vitally interested in each other’s financial well being. Our motto is “People Helping People,” and because our members put their savings in the Credit Union, we have the funds to live up to that motto!

And it’s easy to join. Just have your family members stop by or call any of our offices and we’ll take it from there. There is no cost to join the Credit Union, but each person must open a share account with a minimum deposit of $25.

apco-presidents-desk

One of the big things in the news nowadays is the security breaches at merchants. Of course, the poster child for security breaches is the Target debacle at the end of last year that affected 40-60 million people nationwide. This breach also affected 4,000 APCO members, including yours truly. And more recently, the P. F. Chang’s restaurant chain has experienced a security breach.

Now, you may ask, “What is my Credit Union doing to keep my information secure and protected?” Well, we’re glad you asked. An important protection we have in place is our neural network system. This system monitors and analyzes every plastic card transaction you make with your APCO Visa debit and credit card. The system looks for out of the ordinary transactions to help prevent fraud. But even if your information is stolen at a merchant and someone with a duplicated card is making unauthorized purchases, your Credit Union protects you with zero liability. You will not have to pay for any transaction you did not authorize.

Until recently, I had always thought of computer hackers as a couple of kids in a basement goofing around with a computer. Unfortunately, this is no longer the profile of computer hackers and cybersecurity thieves. Most of them are now associated with criminal rings or they are foreign government agents attempting to disrupt U.S. markets.

In past years we have contracted with an information security firm to perform an annual review and test of the security of our information and computer systems. This has always been a best business practice. However, with the well documented security breaches in the past few years, your Credit Union has ramped up our efforts in this area. We now conduct internal and external intrusion tests through ACI Defense on a quarterly basis, we have implemented a higher degree of monitoring of our existing firewall through Dell Secure Works, and we perform regular disaster recovery tests to make sure if something did happen (tornado, fire, etc.) to our Main Office, we could have our back up site up and running in a matter of hours.

As they say, it is what it is. It is not a perfect world and no amount of Information Technology planning and security efforts will prevent all computer hacks. However, we do pledge that the Credit Union will continue to make the protection of your confidential information the highest of priorities. And, if you do have a problem, we’ve got you covered. That’s a Credit Union guarantee.

Thank you for being an APCO member.

V. Merrill Mann, CCUE
President/CEO

apco-trussville-chamber-golf-2014

APCO Employees Credit Union was thrilled to be one of the sponsors of this year’s golf tournament benefitting the Trussville Chamber of Commerce.

The tournament was held Tuesday, June 24, 2014, at Limestone Springs in Oneonta, Alabama. APCO ECU sponsored a $10,000 hole-in-one contest on hole #5.

For more information about the Trussville Chamber of Commerce, visit TrussvilleChamber.com.

apco-inverness-20140605

More than 20 employees of Alabama Power attended a Social Security “Lunch and Learn” today.

The seminar, hosted by APCO Employees Credit Union, was held in Building 42 at Southern Company offices in Inverness.

Mike Lewallen, Financial Advisor for APCO Investment Services, presented information to the attendees about Social Security.

For more information about Mike and the services offered through APCO Investment Services, visit apcocu.org/advice.

apco-clanton-20140604

Several members of APCO Employees Credit Union attended a Social Security “Lunch and Learn” today.

The seminar, hosted by APCO Employees Credit Union, was held at the Alabama Power Conference Center in Clanton.

Mike Lewallen, Financial Advisor for APCO Investment Services, presented information to the attendees about Social Security.

For more information about Mike and the services offered through APCO Investment Services, visit apcocu.org/advice.

apco-real-estate-sale

Take Advantage Of Low Closing Costs And Low Rates

The real estate market has improved over the last year and buying a home is still a great investment. Rates are still low and there is something out there for everyone. Just make sure you buy and borrow smart.

Check out our online mortgage website at www.apcocu.org. Our online mortgage center gives you the power to research various mortgage products, search for personalized rate quotes, and apply for a loan 24 hours a day, 7 days a week.

With competitive interest rates and monthly payments you can afford, APCO works with you to find a home loan that fits your needs. Your Credit Union has a 15-year fixed-rate mortgage plan with a great rate of 3.25% and 30-year fixed-rate mortgages at 3.95%.

APCO Employees Credit Union is committed to helping the next generation buy their first home. Talk is cheap, but our actions are paving the way for our young members to live the dream of home ownership. Your Credit Union now has a first-time home buyer program with 15-year fixed rates at 3.65% and 30-year fixed rates at 4.25% with no private mortgage insurance requirement and loans up to 95% of the purchase price.

Not only does your Credit Union save you money with great mortgage rates, we also save you money with lower closing costs. Visit our website to see how APCO Credit Union compares with area banks. Your Credit Union can save you thousands of dollars in closing costs on your mortgage loan.

Typically, we can provide you a pre-approval within 48 hours of submission of a completed online application. We recommend that you obtain the pre-approval prior to making an offer on a home. The pre-approval will aid you in the negotiation of your purchase by showing the seller you have funds secured to support your offer.

For more information on our mortgage products, call one of our mortgage experts at 205.226.6800 or go to our website and click Mortgage Center under Quicklinks.

*All rates are quoted as an Annual Percentage Rate (APR). Closing cost estimates based on Alabama property. Please consult with your loan officer for exact estimates and more details.

apco-online-banking

Why go to the Credit Union when we can bring the Credit Union to you? All you need is internet access and you can start banking online at your own pace and at your own place.

Online Banking…Complete Convenience

Online banking is fast, flexible and free! You’ll be able to check your balances, check your account activity, and transfer funds 24 hours a day, 7 days a week. Call or stop by any of our offices for a MAP application or complete the MAP form on our website. Then mail it, fax it, or drop it by and we’ll get you set up.

In addition to online banking, you will receive e-statements. With e-statements, you’ll have access to your account information faster than if you received statements in the mail. You’ll be able to view your current statement by the end of the first business day of each month or each quarter. You’ll also have the last 18 months of your statement history saved electronically. Then, if absolutely necessary, you can print the statement you need.

E-statements will not only save a tree or two, but you can also reduce the clutter on your desk, kitchen counter, or in your filing cabinet. Viewing your statements online is also safer than having them mailed to you because you won’t need to be concerned about a thief raiding your mailbox. Greener, faster, safer. What’s not to like?

Online Bill Pay… Complete Control

If you like the convenience of banking online, you’ll like paying your bills online too. No more stamps, no more writing checks, and no more worrying about late or lost mail. Just spend a minute or two setting up your account online and then get ready to pay your bills with a quick click of your mouse. It’s free, give it a try!

APCO online banking and online bill pay are the better ways to bank. Because you’re busy living.

apco-generic-credit-cards

Low Rate. Cash Back. Good Choice.

With banks and credit card companies raising their rates and fees on consumers, now is a good time to switch to the APCO Visa credit card. Your Credit Union has made it simple with its platinum card program. We invite you to share in the rewards.

The APCO Platinum Visa has a low rate of 10.9% APR. That’s a solid rate for all your purchases, travel, and cash advances. And we don’t play games. We don’t offer a low rate for a short time, and then increase it to whatever the market will bear. And, we don’t charge a lot of excessive fees, either.

Our rewards program is simple, too. We give you 1% cash back on all purchases you make with your APCO Visa credit card – no matter how big or small. No complicated air miles or gift redemption programs. The APCO cash back feature is automatic so all you have to do is make our card your first choice every time.

Take it from us. There is simply no better place to get a Visa credit card than your Credit Union and no better time than now.

Call or stop by and apply today. Learn more at apcocu.org/visa.

apco-coop

As an APCO member, the CO-OP Shared Branch network provides you access to your accounts in more than 4,500 locations across the state and around the world. Find a credit union service center on the go or near your home when you need to make a deposit, withdrawal, or payment.

Effective June 1, your Credit Union has increased the number of cost free transactions for members using CU Service Center locations from 4 to 8. Look for the CO-OP logo the next time you need credit union services when you’re not close to an APCO branch.

3 Ways To Locate A Branch