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

Archive for category: Blog

APCO ECU employees and their family at the 2016 APSO Power Run (photo source APCO Employees Credit Union)

APCO ECU employees and their families at the 2016 APSO Power Run (photo source APCO Employees Credit Union)

More than 70 of your Credit Union’s employees and their family members turned out to participate in the 8th Annual 5K Power Run!

The event, hosted by the Alabama Power Service Organization, raises money to support YMCA Youth Development Programs. Hundreds of people turned out Saturday, March 12, 2016, at Veterans Park in Hoover under warm, cloudy skies.

APCO Employees Credit Union was proud to be a sponsor of this event again this year. For more information, please visit powerrun.org.

apco-news-in-brief

  • Mark your calendar now for Thursday, April 7, 2016. That is the date of your Credit Union’s 62 Annual Membership Meeting. The meeting will be held at the Corporate Headquarters Building of the Alabama Power Company in Birmingham. See you there.
  • Effective April 2016, your Credit Union’s newsletter will be issued on a quarterly basis. We are excited to continue to provide up to date and relevant content to help empower your lives financially.
  • Your Credit Union will continue reissuing credit cards that will have the new EMV chip to members. The new “chip” cards will be more secure and help us better safeguard your personal information.
  • Moving? Please let us know. Inform the Credit Union in writing when your address changes, even if you have a company address.
  • Your Credit Union has over 40 branded ATMs located around the state that are fee free to our members. Many are in Appliance Sales and Payment Centers of the Alabama Power Company. Stop by and let one of our ATMs be of service to you.
  • Please remember that your APCO VISA debit card is limited to $5000 per day on purchases and $1000 per day on cash advances. Your APCO VISA credit card is limited to $10,000 per day on purchases and $5000 per day on cash advances.
  • Keep it simple. The APCO VISA credit card has a low rate of 10.9% APR, gives you 1% cash back on your purchases, and it’s a good choice. Apply Today!

You already know there are many retirement options available and risks associated with each. But, you have retirement options you may not know about. Because you’re a member of APCO, you have the opportunity to have an APCO IRA.

Keep Your Savings Growing

Regardless of the options available to you through your employer or elsewhere, APCO Credit Union has one that can only improve your retirement outlook. An APCO IRA is like a lifetime companion. It’s always there when you need it. An APCO IRA does not expose your principal to losses, is federally insured to $250,000 and earns rates in excess of other safe investment options. It’s highly suitable if you can invest in an IRA. An APCO IRA can go with you anywhere you go – and it keeps on growing. Your contributions may also be tax deductible. You’d be wise to contribute as much as you can to an APCO IRA. That’s because the more you save in a tax-favored account, the more tax-protected gains you can rack up.

Count On Your APCO IRA

Don’t put off planning for retirement. We have the answers to your questions. If you want to build something that lasts, ask about the APCO Lifetime IRA. You can count on your IRA no matter what changes might occur in the Social Security program or your pension plan. You have until April 15 to make contributions for tax year 2015. Call or stop by and talk with one of our IRA experts today.

Rates are still low and it’s never been easier to get a real estate loan at your Credit Union. 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.

APCO real estate loans also offer you a choice – adjustable rate mortgages with terms to 30 years, fixed rate mortgages with terms to 30 years, or our APCO home equity line of credit loan.

A unique application is created for you based on your answers and personal situation. We explain the different loan types available and what you can expect during the loan process in real-life language. Our calculators let you try out “what if” scenarios so that you can feel confident you have selected the best loan product for you.

Your Credit Union has a 15 year fixed rate of 2.95% and 30 year fixed mortgage rate at 3.70%. Plus, your Credit Union has a first time home buyer program with 15 year fixed mortgages at 3.65% and 30 year fixed mortgages at 4.25%.

We consider each mortgage loan on a case by case basis and we use common sense to make our decisions. Your Credit Union is willing to find the right mortgage that fits your needs. Stop by or give us a call today.

*Rates subject to change without notice.

APCO Web Banner (Visa CC Jan 16) V2

Are you overwhelmed with credit card bills? Let your Credit Union help with a low interest rate APCO Platinum VISA Credit Card.

Through March 31, 2016, your Credit Union is giving you the opportunity to transfer your credit card balance to your APCO Platinum VISA Credit Card for a special, low 2.99% APR. The 2.99% balance transfer interest rate is good for six months, giving you the opportunity to pay off debt at a MUCH lower interest rate than your current credit card offers.

Paying off debt at 2.99% versus your current interest rate could save you hundreds of dollars in interest.

Did You Know?

We know other financial institutions offer balance transfer promotions, but ours is better. Here’s why:

  • No balance transfer fee.
  • Your monthly payment the next six months will be applied to the balance transfer first.
  • Everyone gets the same balance transfer rate option.
  • At the end of the six months, our low 10.9% APR will be applied to any remaining balance.

Can your current credit card company do that? We don’t think so.

New and Existing Accounts

The balance transfer option is available to all eligible APCO Employees Credit Union members. If you already have an APCO Platinum VISA account, simply contact us to setup the balance transfer from a non-APCO Credit Union Credit Card.

If you do not have an APCO Platinum VISA Credit Card, visit apcocu.org/visa to begin the application process. Once your account is approved, we will help you setup your balance transfer.

PrintWe are pleased to offer our members APCO Investment Services.*

APCO Investment Services is a personal financial management service designed exclusively for Credit Union members that provides a variety of investment programs that complement your savings.

It’s the essence of partnership. We’re familiar with your financial situation in ways that a large, impersonal investment firm simply isn’t. Working with the investment services program located at our office, you’ll experience the same level of personalized service you’ve come to know and expect. Top-notch financial and investment advice with a full spectrum of tools and options designed to help you achieve your dreams. The following products and services are just some of the options that are now available to you:

  • Retirement Planning
  • Mutual Funds
  • Financial Planning
  • Stocks and Bonds
  • Annuities
  • Wealth Management

Your APCO Investment Services Representative will work with you to create a personal financial blueprint to help you achieve your financial objectives. As your full financial partner, our focus has, and always will be, on your needs – from current to future. Our investment services program lets you design, build and strengthen your financial future easily and conveniently, and in a familiar setting you visit regularly.

To learn more about APCO Investment Services, visit www.apcocu.org/advice for valuable information about taking advantage of this service.

* Securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor. CBSI is under contract with the financial institution to make securities available to members. Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution.

APCO Web Banner (Visa CC Jan 16) V2

Is your holiday debt overstaying its welcome? Are you overwhelmed with credit card bills?

Show your holiday debt the door. Move your high-interest credit card balance to a lower interest rate credit card from your Credit Union.

Transfer Your Balance

Now through March 31, you will have the opportunity to transfer your high-interest credit card debt to an APCO Platinum VISA Credit Card. Eligible applicants will receive a special, low 2.99% APR on all balance transfers.

The 2.99% balance transfer interest rate is good for six months, giving you the opportunity to pay off that debt at a MUCH lower interest rate than your current credit card offers. Paying off that debt at 2.99% versus your current interest rate could save you hundreds of dollars in interest.

Did You Know?

We know other financial institutions make balance transfer offers, but our balance transfer program is different and better:

  • We don’t charge a balance transfer fee. Most other financial institutions charge an average of 3%. That’s like paying a year’s worth of interest at 3% on your balance the day you transfer it.
  • Your monthly payment for the next six months will be applied to the balance transferred first. Many programs apply payments to new purchases at higher interest rates first. That costs you money.
  • If you do not pay off the balance transfer within six months, our standard 10.9% interest rate will be applied to the remaining balance. That rate beats most financial institutions.
  • Everyone gets the same balance transfer rate option.

New and Existing Accounts

The balance transfer option is available to all eligible APCO Employees Credit Union members. If you already have an APCO Platinum VISA account, simply contact us to set up the balance transfer from a non-APCO Credit Union card. If you do not have an APCO Platinum VISA Credit Card, visit apcocu.org/visa or give us a call to begin the application process. Once your account is approved, we will help you set up your balance transfer.

After the six month balance transfer promotion ends, your APCO Platinum VISA will continue to save you money. Benefits of using an APCO Platinum VISA include:

  • 10.9% APR (and we don’t raise your rate whenever there’s a day of the week that ends in a Y)
  • No annual fee
  • A 25 day grace period on purchases (that’s like getting a free loan)
  • 1% cash back reward

apco-ira-cash-ballYou already know there are many retirement options available and risks associated with each. However, you have a retirement option you may not know about. Because you’re a member of APCO, you have the opportunity to have an APCO IRA.

Keep Your Savings Growing

Regardless of the options available to you through your employer or elsewhere, APCO Credit Union has one that can only improve your retirement outlook. An APCO IRA is like a lifetime companion. It’s always there when you need it. An APCO IRA does not expose your principal to losses, is federally insured to $250,000 and earns rates in excess of other safe investment options. If you can invest in an IRA, an APCO IRA can go with you anywhere you go – and it keeps on growing. Your contributions may also be tax deductible. You’d be wise to contribute as much as you can to an APCO IRA. That’s because the more you save in a tax-favored account, the more tax-protected gains you can rack up.

Count On Your APCO IRA

Don’t put off planning for retirement. We have the answers to your questions. If you want to build something that lasts, ask about the APCO Lifetime IRA. You can count on your IRA no matter what changes might occur in the Social Security program or your pension plan. You have until April 15 to make contributions for tax year 2015. Call or stop by and talk with one of our IRA experts today.

Print

APCO Investment Services* is a personal financial management service designed exclusively for Credit Union members that provides a variety of investment programs that complement your savings.

It’s the essence of partnership. The following products and services are just some of the options that are now available to you:

• Retirement Planning
• Mutual Funds
• Financial Planning
• Stocks and Bonds
• Annuities
• Wealth Management

Your APCO Investment Services Representative, Mike Lewallen, will work with you to create a personal financial blueprint to help you achieve your financial objectives. As your full financial partner, our focus has, and always will be, on your needs – from current to future. Our investment services program lets you design, build and strengthen your financial future easily and conveniently, and in a familiar setting you visit regularly.

To learn more about APCO Investment Services or to set up a no-cost consultation, give Mike a call at 205-226-6866 or visit www.apcocu.org/advice for information about taking advantage of this valuable service.

*Securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC. Not NCUA insured. May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution.

apco-painting-home-improvement
It’s been a long winter already…and the cold weather keeps on coming. Is your home showing the effects of the winter season? A leaky roof, peeling paint, creaky deck…any of these could mean now is a good time to plan for spring and arrange a low-cost home improvement loan at your Credit Union.

A thoughtfully-planned home improvement project is a good investment. It not only adds to the value of your home, but it also adds to the quality of your life. Now’s the time to get things moving for spring cleaning, painting and repairing. Your plans for improvement may be major, modest or somewhere in between, but the important thing is to get started. Otherwise you will find yourself waiting for contractors to finish someone else’s job first.

Remember – some projects may require some form of financing. With interest rates so low, you may find a home equity loan or a line of credit is a great way to maximize your budget. When you’re looking for financing, don’t forget to stop by your Credit Union. We have a low cost loan for you and we’re here to help.