Library of Congress Federal Credit Union
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GREAT RATES
Enterprise Used Car Sale Plus FREE GPS System

Get approved now and borrow while rates are the lowest they’ve been in many months. Mention this offer when buying at Enterprise to redeem this Garmin Nuvi GPS System. To preview a great selection of 120 makes and models priced below Kelley Blue Book visit www.cuatodeals.com.

LCFCU Announces National Youth Saving Challenge WINNER

LCFCU has awarded a $100 share deposit to Shakuria Davis one of 266 youthful depositors during National Credit Union Youth Week, April 20-26.   Shakuria’s name was selected in a random drawing conducted on April 30.  Congratulations Shakuria!

As part of the National Youth Saving Challenge, the Credit Union National Association (CUNA) awarded $100 cash prizes to youth through 10 participating credit unions.  During Youth Week, 76,524 youth deposited more than $12 million at 400 participating credit unions. Winners were selected randomly and will each receive a $100 prize through the National Youth Saving Challenge.

Many members deposit to family member accounts every payday through payroll allocations.  All deposit methods were eligible to win in the Saving Challenge.  Find out how easy it is for you to save for your children and teach them the value of regular saving too.



Car Loans Eligible for Discounts

Your auto loan may be eligible for the following .25% APR additional discounts*.

  • Direct Deposit of net pay, pension or benefits checks     
  • Payroll Deduction or Automatic Transfer payments        
  • $20,000 on deposit in Share Savings, Money Market
       or Share Certificates                                                   
  • Internet loan application                                                 

*  Discounts are available at all times.  Maximum discount available on any eligible loan is .50% APR with no discounted rate below the designated floor rate for that loan product.  Current floor rate: 3.75% APR 

Economic Stimulus — Your Choices

Washington has started distributing the first wave of 130 million payments.  The federal government started the stream on an accelerated schedule below with the first 800,000 consumers just before May 1.

You have many choices for your windfall at LCFCU. Although the aim of the stimulus rebates is to boost the economy with pumped up consumer spending, you may feel more comfortable just depositing it with us in a liquid or short-term investment account.  The choice is always yours and safety is not a concern at LCFCU.

Who gets a payment?

  • $600 to singles making less than $75,000
  • $1,200 to couples making less than $150,000
  • $300 rebates per child

People who use direct deposit also will be among the first to receive the payments starting April 28. Direct deposits will be made daily and completed by the date listed below:


DIRECT DEPOSIT:

 Last two SSN digits:  Payments will be transmitted no later than:
 00 through 20  May 2
 21 through 75  May 9
 76 through 99  May 16

 

  

Paper checks will also go out based on Social Security number. For Social Security numbers ending in 00 through 09, the paper checks will be mailed starting May 9 and will continue through May 16. A similar process will be repeated in the following weeks.

PAPER CHECK:

 Last two SSN digits:  Payments will be mailed no later than:
 00 through 09  May 16
 10 through 18  May 23

 19 through 25

 May 30
 26 through 38  June 6
 39 through 51  June 13
 52 through 63  June 20
 64 through 75  June 27
 76 through 87  July 4
 88 through 99  July 11

 

 

 

 

 

 

 



Source: IRS

Celebrate 2008—Prize Drawing Winner!

Celebrate 2008 WinnerCongratulations to retired Library of Congress employee, Wilda Heiss, who won a one-year Share Certificate for $2,008. The drawing was held at our Annual Membership Meeting. More than 300 members who participated in our “Celebrate 2008” Member Appreciation Month during February earned entries for this random drawing.  LCFCU is pleased to have enriched Wilda’s financial life!



Free Financial Seminars

Pre-registration is required to reserve a seat for each of the following sessions. Call us on 7-5852 or email us at culine@lcfcu.org.

  • Understanding the Impact of Your Credit Report On Home Buying

    • Session II of the Intricacies of Home Buying and the Impact of Your Credit will tie together elements discussed on May 1 with the impact your credit has on mortgage lender decisions.

      Pickford Theatre             Tuesday, May 13                   Noon to 1 PM

  • Investing In an Uncertain Market

  • Hear about the keys to investment success during market fluctuations, which include:

    • Remain calm
    • Ride out short-term uncertainties
    • Focus on long term objectives
    • Pickford Theatre             Wednesday, May 14              Noon to 1 PM



    All Personalized Lending Rates Reduced

    Not only are vehicle rates at their lowest point in recent years, rates for personal loans guaranteed by your signature also have been reduced.  These rates start at 7.35% APR for unsecured loans up to $50,000.   Apply now.








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