APRIL 2016

Newsline
MEMBER
MHVFCU.com 845.336.4444

Make
BIG
IDEAS
Using The Equity In Your Home
Did you know the equity in your home can help you pay for some of
lifes larger expenses like home improvements, travel, education and
Happen!
weddings? Equity is generally defined as the current value of the
home minus the amount you owe on your home. For example, if your
home is appraised at $300,000, and your current mortgage balance is APPLY TODAY
$100,000, you may have approximately $200,000 available in equity. FOR A
MHV offers two types of equity loan options: 6 MONTH INTRO RATE

1.99
A home equity loan is a closed-end loan, with a specific amount and

%
term established, giving you fixed monthly payments for the term of the loan.
A home equity line of credit (HELOC) provides a line of credit you
can draw upon, up to your maximum credit limit.
A huge benefit of both types of equity loans is that the interest is
usually lower than that of unsecured loans (e.g., credit cards, personal
loans and personal lines of credit). Learn more and apply online at
mhvfcu.com/homeequity.
APR *

EMV
HOME EQUITY
LINES OF CREDIT

at
MHV 845.336.4444 MHVFCU.com
*APR = Annual Percentage Rate. Offer valid for approved applications received on
or after March 1, 2016 with a maximum line amount of $175,000 and maximum
loan to value of 80%. Subject to credit qualifications. Promotional offer subject to
change or terminate at the discretion of MHV. MHV will pay select closing costs
on line amounts up to $125,000. Closing costs may be recaptured if the line is
closed/terminated within the first three years. Offer not available for Equity
Edge or Home Equity Fixed Rate Loans. Promotional APR will terminate at the
IMPORTANT REMINDER: MHV debit card holders will end of the promotional period and your rate will be determined by indexing
the Prime Rate published in the Wall Street Journal the third Friday of February,
receive new EMV chip cards by May 2016. For more May, August and November minus .25% and will be noted on your monthly
statement. Prime Rate minus .25% is 3.25% as of 1/27/16. Maximum rate is 18%
information visit mhvfcu.com/emv. APR. Additional terms and conditions may apply. See Branch or call for details.

Newsletter_2nd quarter_2016.indd 1 3/22/2016 9:49:52 AM

 INVEST & INSURE AUTOSMART

Sal Bocchimuzzo, CFP

Financial Advisor
Finding Your Shop for your next

845.336.4444 x 3166 or 3126
Set up your complimentary
retirement analysis today.
Jason Netrosio
Financial Advisor
845.336.4444 x 3166 or 3126
Perfect Car Has car from the comfort
of your home or
Never Been Easier anywhere else!
With our online car-buying resource,
AutoSMART, you can browse thousands
of new, used and certified pre-owned
vehicles available locally through
MHVs dealer network. Powerful
research tools allow you to research

Daniel
and compare to find the vehicle thats
Attend one of these right for you. You can also check the
McDonough Upcoming SEMINARS! value of your trade-in and obtain
pre-approved financing from MHV
Joins the MHV Protect & Grow Your Savings all from your desktop, tablet or other
mobile device.
Investment & Thursday, April 21 6pm
Bridgeway FCU LaGrange Branch,
Visit www.mhvfcu.cudlautosmart.

Retirement 1516 Rt.55, Lagrangeville

com to get started.

Center Presented by Jason Netrosio and Daniel McDonough

With Guest Speaker, Mark Comstock
BUSINESS LENDING
PRE - QUALIFIED
Daniel McDonough is the newest addition to the MHV Investment Metlife Regional Sales Vice President
& Retirement Center. As a Financial Advisor, Daniel will provide GET TODAY!
members with Retirement Planning, Wealth Management, Mutual
Income for Life
Funds, Education Funding, 401(k)/Pension Rollovers, Life Insurance,
Thursday, May 19 6pm
CUC Branch, 1099 Morton Blvd., Kingston
Long-Term Care Insurance, as well as various other services.
Presented by Daniel McDonough

Representatives are registered, securities are sold, and investment advisory

services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/
Clear Direction on the
Road to Retirement THE RIGHT
SIPC, a registered broker/dealer and investment advisor, 2000 Heritage Way,
Waverly, Iowa 50677, toll-free (866) 512-6109. Nondeposit investment and
insurance products are not federally insured, involve investment risk, may lose
Thursday, June 9 6pm
CUC Branch, 1099 Morton Blvd., Kingston
Presented by Sal Bocchimuzzo, CFP
LOAN
value and are not obligations of or guaranteed by the financial institution. CBSI
is under contract with the financial institution, through the financial services Sign up at mhvfcu.com/seminars TO GET YOU
program, to make securities available to members.
HOME.
Is Your Home Insured for the Right Amount? Trust our Mortgage Experts to
The truth is, if your homeowners coverage amount is insured based on the tax appraisal help you select the right loan
value, one of two scenarios is likely at play: and lock in a low rate that can
1) You could be paying extra for coverage that you wont ever be able to collect on, or worse
2) You could be under-insured and you wont be offered enough money to rebuild your make home ownership a reality.
home in the event of a loss.
Using tax appraisal data for your homes reconstruction cost is an incorrect practice
thats unfortunately common in the insurance industry. Its one of the most frequent Our affordable mortgage options:
mistakes that we find when we speak with our members about their homeowners 1st Time Home Buyers Programs
insurance at theMid-Hudson Valley Insurance Agency. Fixed & Adjustable Rate Mortgages
SONYMA & FHA Loans
Spring Your Business
Forward at MHV
Make sure you have the proper coverage by calling us for a no-obligation insurance
review at 845.943.5540. Construction Loans
Flexible Payment Options
Paying too much for insurance? Compare Rates with Us and Save! Plant the seed now to obtain the financing
your small business needs to grow. We offer
845.943.5540 mhvfcu.com/InsuranceAgency Enjoy a complete line of insurance solutions from top-rated carriers: a wide variety of lending options including
term loans and lines of credit that can help
Call your Mortgage Originator you pay for equipment, inventory and
today at 845.336.4444 or email: commercial property. Call us to schedule an
MortgageCenter@mhvfcu.com. appointment with an MHV Business Loan
Officer at 845.336.4444.

Newsletter_2nd quarter_2016.indd 2-3 3/22/2016 9:49:58 AM

 MHV Culture Committee Congratulates WOW WINNERS!

November: Daniela (Highland) December: Aracelis (Credit Union January: Kim (Credit Union Center)
for brightening a members day with a Center) for helping translate the procedures of was nominated for her participation in
simple act of kindness. a loan closing to a Spanish speaking member. MHVs charitable fundraising efforts.

CHAIRMANS WOW-E: Jenna (Credit Union Center) was awarded the annual
AWARD for Talent Wow-E in response to a kind and heartfelt letter submitted by a member who
was appreciative of the outstanding service she provided.
Congratulations
to Jordan at Credit
Union Center,
for winning the
4th Quarter
Chairmans Award
for TALENT, as
announced by
Gary Anderson, Chairman of the
Board. She began her career at MHV
7 years ago. Jordan was recognized

e
for providing consistent high
quality service to both members
and co-workers.

College Planning Seminars

Back to Back Free College Planning Webinars!
Going for the Gold! How to Get
Colleges to Sweeten Your Students
Financial Aid Award! brought to you
by Collegiate Funding Solutions Tuesday,
April 19 at 7:00pm ET Attend this free
webinar to learn ways to make college more
affordable for both parents and students.
College Prep: Steps for Success
brought to you by CU Student Choice
Wednesday, April 27 at 1:00pm or
6:00pm ET This free webinar will teach
students how to make the most of their
high school senior year when preparing
for college.

REGISTER AT MHVFCU.COM FOR BOTH WEBINARS!

Board of Directors Senior Officers Branch Holiday Closings:

Gary Anderson, Chairman Wayne T. Winkler, CCE
Angelo A. Fasano, 1st Vice Chairman MEMORIAL DAY
Credit Union Center (CUC) President/CEO
Monday, May 30th
1099 Morton Boulevard, Kingston, NY 12401 John Kelly, 2nd Vice Chairman Robert Michaud, CFMP Personal Teller Service Available
Mailing Address: PO Box 1429, Kingston, NY 12402-1429 Joseph Marino, Treasurer Senior Vice President/CMO
Phone: 845.336.4444 800.451.8373 Fax: 845.336.4448 Stephen Swanson, Secretary Christopher Corallo, CCE INDEPENDENCE DAY
Betty Carr, Brian E. DiFilippo, Thomas Fox, Senior Vice President/CFO Monday, July 4th
E-mail: Contact Us@mhvfcu.com
Roger Miller, William A. Ryan, Kevin Snyder Personal Teller Service Available
Administration Stephen A. Carle
8 am-5 pm Board Members Emeritus Senior Vice President/ CLO LABOR DAY
Mortgage Center Joseph T. Aiello, Frederick W. Bell, Gordon L. Craw, David Kellogg Monday, September 5th
8 am-5 pm or by appointment Personal Teller Service Available
Frank R. Jankowski, Norman E. Nitschke, Senior Vice President/ CTO
MHV Investment & Retirement Center Paul A. Pavlovich
8 am-5 pm by appointment, x 3166
Mid-Hudson Valley Insurance Agency Supervisory Committee
845.943.5540 Robert Pfeiffer, Chairman
Routing & Transit (ABA) Number: 221976243 Douglas Burt, Betty Carr, William Marchetti, Jr. Federally Insured by NCUA

Newsletter_2nd quarter_2016.indd 4 3/22/2016 9:50:01 AM