NEWSLETTERWINTER 2017

Serving Texas Since 1952 Your Financial Partner for LifeInsightsServing Texas Since 1952 Your Financial Partner for Life

Winter 2017Winter 2017

NEWSLETTERWINTER 2017

EOQCongratulations to Edgar Solano, the fourth quarter 2016 Employee of the Quarter. Edgar is a loan processor. He was nominated for EOQ because he is dedicated to helping our members each and every day. Edgar is reliable, eager to help members and co-workers and is respectful of others. He has a positive attitude and is highly respected by his peers. Way to go Edgar!

CLOSINGSHoliday

w w w . g t f c u . o r g

U.S. interest rates have been at historic lows for years, but they won't remain there inde�nitely. As the domestic economy improves, rate hikes are likely and the Federal Reserve has already signaled that they are considering increases. If you're considering a home equity loan for remodeling, debt consolidation, or other reasons, you may want to act sooner rather than later. Home equity loan rates change daily, and even small interest rate movements – a half point (.05%), for example–can impact monthly payments especially when the borrowed amount is signi�cant and the repayment period is long.

Here's a dollars and cents example of what this half-point rate differential can mean for consumers with a $50,000, 10-year home equity loan.

SMALL INTEREST RATE CHANGES CAN HAVE A BIG IMPACT

Home Equity Loan: $50,000

Monday, January 16th in observance of Martin Luther King, Jr.’s Birthday Monday, February 20th in observance of President’s Day/Washington’s Birthday

ANNUAL MEETINGThe 65th Annual Meeting will be held on Thursday, February 23, 2017 at the Asian American Resource Center, 8401 Cameron Road in Austin.

As tradition holds, a barbeque dinner will be served at 5:30 p.m. Tickets for the dinner go on sale January 3, 2017 and are $3 in advance and $6 at the door. The meeting will start at 6:30 p.m. and conclude at approximately 7 p.m. All members are invited and encouraged to attend this special meeting. Members over the age of 16 are entitled to vote. Shuttle service will be provided to the venue from the adjacent parking lot.

Federally Insured by the NCUA

Online Loan Applications

Apply for a loan 24/7 by visiting our website.

Mobile App

All of the same great features of online banking now available on your Apple or Android mobile devices. Download our free mobile app at the Apple Store or Google Play.

GTCall 24 - hour Account Access

Automated voice response system lets you check your balance, transfer money, even apply for a loan, all over the phone, from anywhere in the world, 24 hours a day, 7 days a week, free!Austin: (512) 451-5195Nationwide toll-free: 1-800-749-0179

Internet Access

www.gtfcu.orgwww.aggielandcu.org orwww.freecuatms.orgfor many more FREE or NO-FEE ATM locations. You can use your ATM card at PLUS machines worldwide, but if you use machines other than the ones listed above, the first five transactions per month (seven per month for Golden Star members) are free, and you will be charged $2 for every transaction after that.

TruStage Health Insurance Program

Saving on health insurance can be easy.You could save $434.39 a month on health insurance.1

Enroll by January 31

Act Now! Call 1-888-416-2166 or go to TruStageHealth.com today.

¹Families eligible for the Advance Premium Tax Credit saved an average of $434.39 per month on their health insurance when they shopped through GoHealth (2015 OE). The TruStage® Health Insurance Program is made available through TruStage Insurance Agency, LLC and GoHealth, LLC. GoHealth, LLC is licensed to sell nationwide and operates in all states with the exception of Massachusetts, Hawaii, Vermont and Rhode Island. TruStage Insurance Agency, 2015, All Rights Reserved. TSH-1272577.1

Loan maturity (years): 10 10 10 10 10 10

Interest rate: 3.8% 4.3% 4.8% 5.3% 5.8% 6.3%

Monthly payment: $501 $513 $525 $538 $550 $ 563

Total payments: $60,178 $61,606 $63,054 $64,523 $66,011 $67,520

Total interest expense: $10,178 $11,606 $13,054 $14,523 $16,011 $17,519

Source: Bankrate.com, rounded to the nearest dollar

Scope out the credit union’s home equity loan rates at gtfcu.org.

TRY TURBOTAX AND SAVE UP TO $15 AND GET A CHANCE TO WIN $25,000!

Greater Texas and Aggieland Credit Union have teamed up with TurboTax® to save you up to $15 on TurboTax federal products, and a chance to win $25,000 in the $25,000 Payday Sweepstakes. TurboTax® translates taxes into simple questions about your life, so you don’t need tax knowledge – or an appointment – to get your taxes done right.

• Get your maximum refund. TurboTax searches over 350 deductions and credits to make sure you get your biggest possible refund, guaranteed.

• Be sure nothing gets missed. TurboTax CompleteCheck™ reviews every detail in your return, walks you through any �nal changes, and gives you the green light to �le.

• You’re never alone. Connect with an expert live, on-screen to get answers when you need them with TurboTax SmartLook™.

Just try TurboTax Online for FREE (and provide your email address) by February 16th to be automatically entered in the TurboTax $25,000 Payday Sweepstakes.1 Visit gtfcu.org to get started today!

Visit for TurboTax product guarantees and other important information.

1 TurboTax $25,000 Payday Sweepstakes. NO PURCHASE OR FINANCIAL DISCLOSURE NECESSARY. Open to legal residents of the �fty (50) United States or the District of Columbia, 18 years of age or older at time of entry, who are customers of participating Financial Institutions or employees of participating businesses. Void in Puerto Rico and where prohibited by law. Sweepstakes ends 2/16/17. Subject to complete Of�cial Rules and all applicable federal, state and local laws. For Of�cial rules including odds of winning, alternate method of entry, and prize descriptions, visit turbotax.intuit.com/microsite/sweeps-rules.jsp for the of�cial rules. PRIZES: 1 Grand Prize: A check for $25,000. Retail value, $25,000. 12 First Prizes: A check for $1,000. Retail value, $1,000 each. Maximum retail value of all prizes is $37,000. The odds of winning a prize depend upon the total number of eligible entries received by the end of the Promotion Period. SPONSOR: Intuit Inc., 7535 Torrey Santa Fe Rd, SDG-2A-03-22E, San Diego, CA, 92129.

State �ling charges apply. Limited time offer for TurboTax 2016. Terms, conditions, features, availability, pricing, fees, service and support options subject to change without notice. Intuit, TurboTax and TurboTax Online, among others, are registered trademarks and/or service marks of Intuit Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of their respective owners.

GOHEALTH

NEWSLETTERWINTER 2017 NEWSLETTERWINTER 2017

w w w . g t f c u . o r gw w w . g t f c u . o r g

Last year alone, 27 million Americans lost $7.4 billion in phone scams.1 According to a study by Truecaller (a mobile communication application provider), they revealed a 53 percent increase in scams since 2014. The victims surprisingly spread across generations. In fact, Millennials between the ages of 18 and 34 are the most vulnerable and are being attacked on their mobile phones, with the study showing that scams are no longer limited to just landlines. Scammers are getting more sophisticated, aggressive and relentless. However, by paying attention to the red �ags, you can protect your �nancial assets from a seemingly real phone scam. Here are a few important ways to protect yourself:

Know the IRS doesn’t make phone calls. Nearly a quarter of all scams in 2015 were related to the largest and fasted growing “Internal Revenue Service (IRS) scam,” in which someone claiming to be with the IRS calls to threaten your arrest for non-payment of taxes.2 According to the IRS, they do not typically alert taxpayers of unpaid taxes by phone—usually it is through mail correspondence.

Practice stranger danger. The lessons you learned about not talking to strangers also apply to phone scammers. Don’t trust strangers. We recommend hanging up if anything seems off.

Be aware of payment requirements. The Federal Trade Commission (FTC) has enforced new rules that ban telephone solicitors from collecting certain types of payments commonly used by scammers:

• Wire transfers, such as Western Union and Money Gram

• Cash reload cards, such as Money-Pak, Vanilla Reload and Reloadit

• Remotely created electronic checks allowing one to use another person’s bank account to withdraw money. Essentially, they cannot ask you for the numbers at the bottom of a check to make a payment.

Invest in a paper shredder. Protect yourself and your personal information from getting into the wrong hands by investing in a paper shredder.

Here’s the scenario … you get a card in the mail, one of those little reminders that tells you it’s time for your annual �nancial checkup. Your reaction: I’ll take care of that later. Here’s why you should look forward to it.

Why do I need an annual review? Because things change, and during the course of the last 12 months, you may have … changed jobs, made major purchases, welcomed a new child, retired, bought or sold a residence, decided upon new goals. These developments can change your �nancial objectives. Also, it is just sensible to measure your �nancial progress. If you are not making progress in accumulating assets, or if you are assuming too much risk as a result of your current portfolio or �nancial decisions, it’s time for change.

The annual review is a “deep breath” where you can get away from daily distractions and think clearly about �nancial planning.

Just imagine. Imagine letting your investments go for �ve or ten years, assuming that they’re doing okay while you wonder what the quarterly statements mean. Imagine being a few years from retirement only to �nd you have less than a year’s salary in savings. Imagine passing away and

THE ANNUAL FINANCIAL CHECK-UP

RING… RING… HOW TO PROTECT YOUR MONEY FROM PHONE SCAMS

leaving unresolved money issues for your loved ones, or subjecting them to a contentious probate process.

These scenarios are all too real; people run to �nancial advisors for help with them every day. If they had only reviewed what was happening with their lives �nancially, they could have planned to avoid these issues in advance. Putting things off can be dangerous.

This is an ideal time to take a look under the hood – �nancially speaking. During your annual review, you can estimate your net worth, and also possibly learn about any tax changes that might affect your investments, business or estate. It’s

FEE SCHEDULE - EFFECTIVE FEBRUARY 1, 2017(Fees Subject to Change)

Visa GTGift Card Fees Card Purchase $1.00/card Lost/Stolen Replacement $25.00/card Lost/Stolen Replacement Shipping (RUSH) $35.00/card Lost/Stolen Replacement Shipping (First Class) $10.00/card Monthly Maintenance Fee $5.00/month after 12 consecutive months of non-usage

Visa Loyalty Award Card Fees Card Purchase $1.00/card (bulk pricing available) Lost/Stolen Replacement $25.00/card Lost/Stolen Replacement Shipping (RUSH) $35.00/card Lost/Stolen Replacement Shipping (First Class) $10.00/card Maintenance Fee $3.50/each month after 6 months of issuance International Transaction Fee 1.5% of total purchase Unload (cash out) Fee $30.00/card Automated Service Call First 2 are free; $0.50 per call thereafter Live Service Call First 2 are free; $2.50 per call thereafter

Safe Deposit Box Fees Drill Safe Deposit Box Varies by request Replace Safe Deposit Box Key $10.00/key Safe Deposit Box Fee (per year) 3 X 5 $15.00 3 X 10 $25.00 5 X 10 $40.00 10 X 10 $60.00

Share/Share Draft (Checking) Fees Automatic Drafting (checking or savings) Free Automatic Transfer from Savings to Checking for checks, ACH, ATM/Check Card (Overdraft Fee) $3.00/overdraft Business Checking Accounts Free Clearing fee if NSF at time of presentment $25.00/draft Close account within 6 months of opening $5.00/account Dormant (Escheat) Account, account has no activity for three years $10.00/account Draft (check) Printing Price varies upon style and quantity Personal account return check fee $25.00/draft NSF/Uncollected/Reg D Violation dishonored & returned $25.00/draft Overdrawn Fee/Overdraft Privilege $25.00/draft Share Draft Monthly Service Charge Free Share Draft Photocopy (Two per month free) $3.00/draft Share Draft Image from web site via GTNet Free Stop Payment $25.00/draft Temporary Checks $1.00/ 4 checks Third Party Return Check fee $10.00/draft ACH Stop Payment $25.00/draft ACH Revocation or Af�davit $25.00/draft

Wire Fees Incoming Wire Transfer Free Outgoing Domestic Wire Transfer $15.00/transaction

ATM/Check Card Fees ATM/Check Card Issue Free ATM/Check Card Issue to alternate address (standard mail) $15.00/card ATM/Check Card Replacement $5.00/card ATM/Check Card Purchase/Point of Sale transaction Free ATM/Check Card Transaction/Balance Inquiry (Five per month free) $1.00/transaction ATM/Check Card Golden Star Transaction/Balance Inquiry (Seven per month free) $1.00/transaction Instant Issue Debit/ATM Card $10.00/card Next Business Day Card Delivery $35.00/card 2 Business Day Card Delivery $15.00/card Foreign Currency Transaction Fee 1% of total International Rush Card Delivery TBD/Quote available upon request

Credit Card Fees MasterCard/VISA Late Payment Fee (after 15 days) $15.00 or 5% due whichever is less Card Replacement Free Rush New Card $45.00/card Foreign Currency Transaction Fee 1% of total Cash Advance $2 or 2% of the advanced amount with maximum $30.00 Payment made via phone with GTFCU $5.00/payment Payment made via www.gotomycard.com Free Payment made through Vantiv (assisted) $10.00/payment Payment made through Vantiv (unassisted) Free Statement Copy $4.00/statement

Loan Fees Excessive Loan Denial (on 4th denial in a 12 month period) $20.00/loan application Loan Late Fee 20% of interest owing Indirect Loan Late Fee (after 15 days) 5% of payment Share to Loan Transfer by Phone (Staff involvement) $5.00/payment Institution to GTFCU Loan Payment Transfers by Phone (Staff involvement) $5.00/payment Check-by-phone (Collection Dept. Staff) $7.00/payment Skip-a-Pay – Maximum of 2 per calendar year $25.00/loan per month

Miscellaneous Fees Account reconcilement/research (Pro-rated for time spent- 1 hour minimum) $15.00/hour Account History (Printed by Teller or requested by phone) $2.00/request Copies $.10 each Cashier’s Check (Made payable to someone other than member) $3.00/draft Christmas Club Account Early Withdrawal Penalty $10.00/withdrawal FAX Local and Long Distance $1.00/page FAX International $3.00/page Mobile and GTNet Internet Banking Free GTNet outgoing FI (Financial Institution) to FI transfer $3.00/transfer GTCall- Phone Inquires Free GTPay- Bill Payer Service Free GTPay Money HQ External Funds Transfer Service $1.50/transfer, $8.95 next day GTPay Check Copy Request $15.00/check GTPay Check Image within Billpay (available for 180 days) Free GTPay Stop Payment $25.00/item Immigration Correspondence $25.00/letter Letter of Credit $25.00/letter Medallion Signature Guarantee Free Money Orders $1.00/money order Non-member Check Cashing $2.00/check On Us Collection By Mail $10.00/draft In Person $3.00/draft Member Service Telephone Inquires $1.00/inquiry Invalid Account Address $5.00/month Returned Credit Card or Loan Payment by ACH or Check $25.00/payment Statement Copy per month $2.00/statement Third Party Draft Collection Domestic $10.00/draft Foreign Currency $10.00/draft USD Currency $25.00/draft Count Loose Coin Free Count Loose Coin Non-member 10% of total Drive-Thru Canister Replacement $100/canister

Don’t ignore it. Here’s why.Presented by Fernando Arenivas

also a good time to make voluntary IRA contribu-tions, and get college funding and �nancial aid applications underway.

Financial planning is not an event you do once in your lifetime and forget about. Financial planning should be an ongoing priority. Fernando Arenivas, Financial AdvisorSWBC Investment Services, LLCLocated at Greater Texas Federal Credit Union6411 N Lamar Blvd. • Austin, Texas 78752512-657-1289 • fax 888.766.9085farenivas@swbc.comwww.greatertexas.pfyfn.com

This material was prepared by MarketingLibrary.Net Inc., and does not necessarily represent the views of the presenting party, nor their af�liates. All information is believed to be from reliable sources; however we make no representation as to its complete-ness or accuracy. Please note - investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment.

Identity theft is a big business so be sure to monitor your bank and credit card statements regularly.

Knowing the red �ags of a telemarketing scam could save you from great potential loss. To learn more about tips to protect yourself from phone scams, or to �le a complaint, visit the Federal Trade Commis-sion website at www.consumer.ftc.gov.

1 https://blog.truecaller.com/?s=1+in+10+adults2 http://www.consumerreports.org/consumer-protection/americans -losing-more-money-to-phone-scams/

NEWSLETTERWINTER 2017 NEWSLETTERWINTER 2017

w w w . g t f c u . o r gw w w . g t f c u . o r g

Last year alone, 27 million Americans lost $7.4 billion in phone scams.1 According to a study by Truecaller (a mobile communication application provider), they revealed a 53 percent increase in scams since 2014. The victims surprisingly spread across generations. In fact, Millennials between the ages of 18 and 34 are the most vulnerable and are being attacked on their mobile phones, with the study showing that scams are no longer limited to just landlines. Scammers are getting more sophisticated, aggressive and relentless. However, by paying attention to the red �ags, you can protect your �nancial assets from a seemingly real phone scam. Here are a few important ways to protect yourself:

Know the IRS doesn’t make phone calls. Nearly a quarter of all scams in 2015 were related to the largest and fasted growing “Internal Revenue Service (IRS) scam,” in which someone claiming to be with the IRS calls to threaten your arrest for non-payment of taxes.2 According to the IRS, they do not typically alert taxpayers of unpaid taxes by phone—usually it is through mail correspondence.

Practice stranger danger. The lessons you learned about not talking to strangers also apply to phone scammers. Don’t trust strangers. We recommend hanging up if anything seems off.

Be aware of payment requirements. The Federal Trade Commission (FTC) has enforced new rules that ban telephone solicitors from collecting certain types of payments commonly used by scammers:

• Wire transfers, such as Western Union and Money Gram

• Cash reload cards, such as Money-Pak, Vanilla Reload and Reloadit

• Remotely created electronic checks allowing one to use another person’s bank account to withdraw money. Essentially, they cannot ask you for the numbers at the bottom of a check to make a payment.

Invest in a paper shredder. Protect yourself and your personal information from getting into the wrong hands by investing in a paper shredder.

Here’s the scenario … you get a card in the mail, one of those little reminders that tells you it’s time for your annual �nancial checkup. Your reaction: I’ll take care of that later. Here’s why you should look forward to it.

Why do I need an annual review? Because things change, and during the course of the last 12 months, you may have … changed jobs, made major purchases, welcomed a new child, retired, bought or sold a residence, decided upon new goals. These developments can change your �nancial objectives. Also, it is just sensible to measure your �nancial progress. If you are not making progress in accumulating assets, or if you are assuming too much risk as a result of your current portfolio or �nancial decisions, it’s time for change.

The annual review is a “deep breath” where you can get away from daily distractions and think clearly about �nancial planning.

Just imagine. Imagine letting your investments go for �ve or ten years, assuming that they’re doing okay while you wonder what the quarterly statements mean. Imagine being a few years from retirement only to �nd you have less than a year’s salary in savings. Imagine passing away and

THE ANNUAL FINANCIAL CHECK-UP

RING… RING… HOW TO PROTECT YOUR MONEY FROM PHONE SCAMS

leaving unresolved money issues for your loved ones, or subjecting them to a contentious probate process.

These scenarios are all too real; people run to �nancial advisors for help with them every day. If they had only reviewed what was happening with their lives �nancially, they could have planned to avoid these issues in advance. Putting things off can be dangerous.

This is an ideal time to take a look under the hood – �nancially speaking. During your annual review, you can estimate your net worth, and also possibly learn about any tax changes that might affect your investments, business or estate. It’s

FEE SCHEDULE - EFFECTIVE FEBRUARY 1, 2017(Fees Subject to Change)

Visa GTGift Card Fees Card Purchase $1.00/card Lost/Stolen Replacement $25.00/card Lost/Stolen Replacement Shipping (RUSH) $35.00/card Lost/Stolen Replacement Shipping (First Class) $10.00/card Monthly Maintenance Fee $5.00/month after 12 consecutive months of non-usage

Visa Loyalty Award Card Fees Card Purchase $1.00/card (bulk pricing available) Lost/Stolen Replacement $25.00/card Lost/Stolen Replacement Shipping (RUSH) $35.00/card Lost/Stolen Replacement Shipping (First Class) $10.00/card Maintenance Fee $3.50/each month after 6 months of issuance International Transaction Fee 1.5% of total purchase Unload (cash out) Fee $30.00/card Automated Service Call First 2 are free; $0.50 per call thereafter Live Service Call First 2 are free; $2.50 per call thereafter

Safe Deposit Box Fees Drill Safe Deposit Box Varies by request Replace Safe Deposit Box Key $10.00/key Safe Deposit Box Fee (per year) 3 X 5 $15.00 3 X 10 $25.00 5 X 10 $40.00 10 X 10 $60.00

Share/Share Draft (Checking) Fees Automatic Drafting (checking or savings) Free Automatic Transfer from Savings to Checking for checks, ACH, ATM/Check Card (Overdraft Fee) $3.00/overdraft Business Checking Accounts Free Clearing fee if NSF at time of presentment $25.00/draft Close account within 6 months of opening $5.00/account Dormant (Escheat) Account, account has no activity for three years $10.00/account Draft (check) Printing Price varies upon style and quantity Personal account return check fee $25.00/draft NSF/Uncollected/Reg D Violation dishonored & returned $25.00/draft Overdrawn Fee/Overdraft Privilege $25.00/draft Share Draft Monthly Service Charge Free Share Draft Photocopy (Two per month free) $3.00/draft Share Draft Image from web site via GTNet Free Stop Payment $25.00/draft Temporary Checks $1.00/ 4 checks Third Party Return Check fee $10.00/draft ACH Stop Payment $25.00/draft ACH Revocation or Af�davit $25.00/draft

Wire Fees Incoming Wire Transfer Free Outgoing Domestic Wire Transfer $15.00/transaction

ATM/Check Card Fees ATM/Check Card Issue Free ATM/Check Card Issue to alternate address (standard mail) $15.00/card ATM/Check Card Replacement $5.00/card ATM/Check Card Purchase/Point of Sale transaction Free ATM/Check Card Transaction/Balance Inquiry (Five per month free) $1.00/transaction ATM/Check Card Golden Star Transaction/Balance Inquiry (Seven per month free) $1.00/transaction Instant Issue Debit/ATM Card $10.00/card Next Business Day Card Delivery $35.00/card 2 Business Day Card Delivery $15.00/card Foreign Currency Transaction Fee 1% of total International Rush Card Delivery TBD/Quote available upon request

Credit Card Fees MasterCard/VISA Late Payment Fee (after 15 days) $15.00 or 5% due whichever is less Card Replacement Free Rush New Card $45.00/card Foreign Currency Transaction Fee 1% of total Cash Advance $2 or 2% of the advanced amount with maximum $30.00 Payment made via phone with GTFCU $5.00/payment Payment made via www.gotomycard.com Free Payment made through Vantiv (assisted) $10.00/payment Payment made through Vantiv (unassisted) Free Statement Copy $4.00/statement

Loan Fees Excessive Loan Denial (on 4th denial in a 12 month period) $20.00/loan application Loan Late Fee 20% of interest owing Indirect Loan Late Fee (after 15 days) 5% of payment Share to Loan Transfer by Phone (Staff involvement) $5.00/payment Institution to GTFCU Loan Payment Transfers by Phone (Staff involvement) $5.00/payment Check-by-phone (Collection Dept. Staff) $7.00/payment Skip-a-Pay – Maximum of 2 per calendar year $25.00/loan per month

Miscellaneous Fees Account reconcilement/research (Pro-rated for time spent- 1 hour minimum) $15.00/hour Account History (Printed by Teller or requested by phone) $2.00/request Copies $.10 each Cashier’s Check (Made payable to someone other than member) $3.00/draft Christmas Club Account Early Withdrawal Penalty $10.00/withdrawal FAX Local and Long Distance $1.00/page FAX International $3.00/page Mobile and GTNet Internet Banking Free GTNet outgoing FI (Financial Institution) to FI transfer $3.00/transfer GTCall- Phone Inquires Free GTPay- Bill Payer Service Free GTPay Money HQ External Funds Transfer Service $1.50/transfer, $8.95 next day GTPay Check Copy Request $15.00/check GTPay Check Image within Billpay (available for 180 days) Free GTPay Stop Payment $25.00/item Immigration Correspondence $25.00/letter Letter of Credit $25.00/letter Medallion Signature Guarantee Free Money Orders $1.00/money order Non-member Check Cashing $2.00/check On Us Collection By Mail $10.00/draft In Person $3.00/draft Member Service Telephone Inquires $1.00/inquiry Invalid Account Address $5.00/month Returned Credit Card or Loan Payment by ACH or Check $25.00/payment Statement Copy per month $2.00/statement Third Party Draft Collection Domestic $10.00/draft Foreign Currency $10.00/draft USD Currency $25.00/draft Count Loose Coin Free Count Loose Coin Non-member 10% of total Drive-Thru Canister Replacement $100/canister

Don’t ignore it. Here’s why.Presented by Fernando Arenivas

also a good time to make voluntary IRA contribu-tions, and get college funding and �nancial aid applications underway.

Financial planning is not an event you do once in your lifetime and forget about. Financial planning should be an ongoing priority. Fernando Arenivas, Financial AdvisorSWBC Investment Services, LLCLocated at Greater Texas Federal Credit Union6411 N Lamar Blvd. • Austin, Texas 78752512-657-1289 • fax 888.766.9085farenivas@swbc.comwww.greatertexas.pfyfn.com

This material was prepared by MarketingLibrary.Net Inc., and does not necessarily represent the views of the presenting party, nor their af�liates. All information is believed to be from reliable sources; however we make no representation as to its complete-ness or accuracy. Please note - investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment.

Identity theft is a big business so be sure to monitor your bank and credit card statements regularly.

Knowing the red �ags of a telemarketing scam could save you from great potential loss. To learn more about tips to protect yourself from phone scams, or to �le a complaint, visit the Federal Trade Commis-sion website at www.consumer.ftc.gov.

1 https://blog.truecaller.com/?s=1+in+10+adults2 http://www.consumerreports.org/consumer-protection/americans -losing-more-money-to-phone-scams/

NEWSLETTERWINTER 2017

Serving Texas Since 1952 Your Financial Partner for LifeInsightsServing Texas Since 1952 Your Financial Partner for Life

Winter 2017Winter 2017

NEWSLETTERWINTER 2017

EOQCongratulations to Edgar Solano, the fourth quarter 2016 Employee of the Quarter. Edgar is a loan processor. He was nominated for EOQ because he is dedicated to helping our members each and every day. Edgar is reliable, eager to help members and co-workers and is respectful of others. He has a positive attitude and is highly respected by his peers. Way to go Edgar!

CLOSINGSHoliday

w w w . g t f c u . o r g

U.S. interest rates have been at historic lows for years, but they won't remain there inde�nitely. As the domestic economy improves, rate hikes are likely and the Federal Reserve has already signaled that they are considering increases. If you're considering a home equity loan for remodeling, debt consolidation, or other reasons, you may want to act sooner rather than later. Home equity loan rates change daily, and even small interest rate movements – a half point (.05%), for example–can impact monthly payments especially when the borrowed amount is signi�cant and the repayment period is long.

Here's a dollars and cents example of what this half-point rate differential can mean for consumers with a $50,000, 10-year home equity loan.

SMALL INTEREST RATE CHANGES CAN HAVE A BIG IMPACT

Home Equity Loan: $50,000

Monday, January 16th in observance of Martin Luther King, Jr.’s Birthday Monday, February 20th in observance of President’s Day/Washington’s Birthday

ANNUAL MEETINGThe 65th Annual Meeting will be held on Thursday, February 23, 2017 at the Asian American Resource Center, 8401 Cameron Road in Austin.

As tradition holds, a barbeque dinner will be served at 5:30 p.m. Tickets for the dinner go on sale January 3, 2017 and are $3 in advance and $6 at the door. The meeting will start at 6:30 p.m. and conclude at approximately 7 p.m. All members are invited and encouraged to attend this special meeting. Members over the age of 16 are entitled to vote. Shuttle service will be provided to the venue from the adjacent parking lot.

Federally Insured by the NCUA

Online Loan Applications

Apply for a loan 24/7 by visiting our website.

Mobile App

All of the same great features of online banking now available on your Apple or Android mobile devices. Download our free mobile app at the Apple Store or Google Play.

GTCall 24 - hour Account Access

Automated voice response system lets you check your balance, transfer money, even apply for a loan, all over the phone, from anywhere in the world, 24 hours a day, 7 days a week, free!Austin: (512) 451-5195Nationwide toll-free: 1-800-749-0179

Internet Access

www.gtfcu.orgwww.aggielandcu.org orwww.freecuatms.orgfor many more FREE or NO-FEE ATM locations. You can use your ATM card at PLUS machines worldwide, but if you use machines other than the ones listed above, the first five transactions per month (seven per month for Golden Star members) are free, and you will be charged $2 for every transaction after that.

TruStage Health Insurance Program

Saving on health insurance can be easy.You could save $434.39 a month on health insurance.1

Enroll by January 31

Act Now! Call 1-888-416-2166 or go to TruStageHealth.com today.

¹Families eligible for the Advance Premium Tax Credit saved an average of $434.39 per month on their health insurance when they shopped through GoHealth (2015 OE). The TruStage® Health Insurance Program is made available through TruStage Insurance Agency, LLC and GoHealth, LLC. GoHealth, LLC is licensed to sell nationwide and operates in all states with the exception of Massachusetts, Hawaii, Vermont and Rhode Island. TruStage Insurance Agency, 2015, All Rights Reserved. TSH-1272577.1

Loan maturity (years): 10 10 10 10 10 10

Interest rate: 3.8% 4.3% 4.8% 5.3% 5.8% 6.3%

Monthly payment: $501 $513 $525 $538 $550 $ 563

Total payments: $60,178 $61,606 $63,054 $64,523 $66,011 $67,520

Total interest expense: $10,178 $11,606 $13,054 $14,523 $16,011 $17,519

Source: Bankrate.com, rounded to the nearest dollar

Scope out the credit union’s home equity loan rates at gtfcu.org.

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