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INSIDE THIS ISSUE:
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April 15th is just around the corner... are you looking for a way to
lower your taxes? There's no better way than to put money aside in an
IRA! You decrease your taxes now, and increase your savings for later!
Act by April 15th, and you can choose to make tax-deductible IRA
deposits for either 2009 or 2010... or even both!
Whether you want to open a new IRA, contribute to an existing IRA, or
rollover your current IRA, APEX offers:
Traditional IRAs. A Traditional IRA is still the best IRA for long term
retirement planning. You don't pay taxes now on these retirement
accounts, when your income is high. At retirement, you are able to take
out your funds or roll them over into another option. Taxes paid then are
considerably less, since your income will be less.
 Roth IRAs. If you know you will need
your money sooner than retirement,
consider the Roth IRA. Savings for a
down payment on a house or other
expenditure will add up to more with
the higher interest paid on a Roth
IRA. While you will have to pay taxes
on the funds now, you will be saved
those taxes when you use the money,
and you do not incur any penalties
for withdrawal after 5 years.
IRA Share Certificates. Remember
that our high-interest Share
Certificates (CDs) are available as
IRA investments. An IRA Share
Certificate requires a $500.00
investment, and terms range from 3 months to 5 years. They can be
rolled over at the end of their term into other IRA options, so start
planning now!
Call APEX to decrease your taxes
and increase your savings - today!
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We extend our deepest appreciation to William V. Dwyer for over
40 years of dedicated service to APEX Community Federal Credit
Union. In November, Mr. Dwyer retired from his position as
Chairman of the Board at APEX. During his years of service, first
on the Supervisory Committee and then as Chairman of the Board,
Mr. Dwyer has been one of the pillars of the APEX community,
helping to guide the credit union through seasons of tremendous
growth and advancement. Fred Winner, who joined APEX in 1990
and has served on the Board in various capacities over the past 19
years, will be stepping into the position as Chairman. With great
gratitude for his years of service and support, Mr. Dwyer will now
be recognized as Director Emeritus.
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APEX is growing and
expanding! As a result, we're
looking for several volunteers
to join our Supervisory
Committee.
The Supervisory Committee
is our internal audit
department. As a memberowned
and member-run
organization, the Supervisory
Committee is a vital part of
how we serve our members.
Limited time is required to
serve on the Committee, but
the impact you will have is
significant! Training will be
provided internally and
onsite, so no financial
background is required. If
you are interested in one day
serving on the Board of
Directors for APEX, the
Supervisory Committee is the
place to begin your
involvement. We welcome
you to call 610-323-4135 and
ask to speak to Dave Cocci or
Jonathan Dobry. We're
looking forward to having
you as part of our team!
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Provisional Payment
Disclosure
Credit given by APEX to you
with respect to an automated
clearing house credit entry is
provisional until we receive
final settlement for such entry
through a Federal Reserve
Bank. If we do not receive
such final settlement, you are
hereby notified and agree that
we are entitled to a refund of
the amount credited to you in
connection with such entry,
and the party making
payment to you via such
entry (i.e. the originator of
the entry) shall not be
deemed to have paid you in
the amount of such entry.
Notice Disclosure
Under the operating rules of
the National Automated
Clearing House Association,
which are applicable to ACH
transactions involving your
account, we are not required to give next day notice to you of
receipt of an ACH item and we
will not do so. However, we will
continue to notify you of the
receipt of payments in the
periodic statements we provide to
you.
Choice of Law Disclosure
We may accept on your behalf
payments to your account which
have been transmitted through
one or more Automated Clearing
Houses (ACH) and which are not
subject to the Electronic Fund
Transfer Act and your rights and
obligations with respect to such
payments shall be construed in
accordance with and governed by
the laws of the state of New York
as provided by the operating rules
of the National Automated
Clearing House Association,
which are applicable to ACH
transactions involving your
account.
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Fighting the holiday bill blahs?
We can help you clean up your
holiday bills with a home equity
loan or signature loan at low
interest rates! Or, if you prefer,
we can transfer your balances to
our VISA so you aren't faced
with high interest rates from
multiple credit cards. Either way,
you'll have one affordable
payment each month. Call us
today!
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- Allpoint Network: Use
33,000 ATMs nationwide
to access your accounts,
surcharge-free.
- Home Banking: Enjoy free
"anytime access" to all of
your credit union accounts
in a safe and secure
environment.
-
 Mobile Banking: Bank on
the go with your cell phone
or PDA.
- Shared Branching: Access
your APEX accounts at
over 2,400 credit union
offices across the country
through the CU Service
Center Network.
- Bill Payer: Pay your bills
online as well as inspect and
change outstanding payments
wherever you are with our
Internet Bill Payer Service.
- Direct Deposit: Transfer your
money electronically so that it
is immediately available on
payday.
- Audio Response Teller (ART): Access your accounts and
perform financial transactions
from any location using a
touchtone phone.
All these services
are yours - FREE!
TOP
Stop in during the month of
February to request a free credit
report. We will run your credit
report, analyze it, and review it
with you. We can also help you
improve your credit score,
liquidate debt, and get on track
financially!
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Be sure to keep your APEX
account active! APEX charges a
$5 dormant fee each quarter that
there is no activity on your
account. A minimal deposit each
quarter is all you need to eliminate
the dormant fee charge. Please
contact us for more details if you
have any questions.
TOP
Put the latest technology at your
financial fingertips! MyMoney is a
new application made especially
for the Facebook platform that lets
you manage your finances right
from your Facebook profile,
simply and securely!
With MyMoney, you can
conveniently view your account
balances, review your transaction
history, transfer money between
accounts, and much more. Plus,
when you add MyMoney to your
Facebook profile, your friends will
be notified and given the
opportunity to also join APEX -
right then and there!
For more information, contact us
at 610-323-4135.
TOP
On January 16th, 2010, the annual
ATM fee of $15 will be posted to
your account. Please be certain
you have funds to cover this fee
available in your account.
TOP
At APEX, we offer Courtesy Pay to eligible members. If you have
signed up for Courtesy Pay, please
be aware that:
- Courtesy Pay will cover any
overdrafts on your checking
account to a set limit -
generally $500.
- Courtesy Pay is discretionary:
APEX reserves the right not to
pay if certain criteria are not
met, for example, we typically
do not pay overdrafts if your
account is not in good
standing, or if you are not
making regular deposits.
- When Courtesy Pay pays an
overdraft for you, you will be
charged our normal overdraft
fee, currently $30.00 for each
item.
Individuals who are planning to
sign up for Courtesy Pay or who
have recently signed up should
note that Courtesy Pay goes into
effect on the next Saturday after
their application has been
approved, as long as their checking
account has been active for at least
45 days. If you have any questions
about Courtesy Pay, how to apply
for it, or when it will go into effect
for your account, please call APEX
at 610-323-4135 and we would be
glad to assist you.
TOP
Microsoft has announced that
they are discontinuing
production of the Microsoft
Money product that is currently
available with our home
banking service. To continue to
serve your account needs, we
will therefore be changing over
to Quicken and Quickbooks in
the 2nd quarter of 2010. Feel
free to continue to use
Microsoft Money until that
time. Further details will be
provided as the transition
approaches.
TOP
Our Bill Payer service is
expanding! You will soon be
able to:
- Use funds from another
bank to pay your
mortgage or bills through
Bill Payer.
- Send funds through Bill
Payer from APEX to
another financial
institution.
- Deposit funds through
Bill Payer into your
APEX account from
another institution.
Bill Payer is a free service if
you use it to pay your bills
regularly. For more
information on how to sign
up for and use Bill Payer, call
us at 610-323-4135.
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Share Draft Fees |
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NSF/Negative Fees |
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Share Draft Copy- mail |
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$3.00 |
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Checking, ATM, ACH,
PCU, Bill-payer |
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$30.00 |
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Share Draft Copy- Fax |
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$4.00 |
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Over the Counter Deposit |
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$15.00 |
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Temporary
Check Fee |
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$0.25/check |
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Stop Payment -
Single Draft |
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$10.00 |
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Miscellaneous Fees |
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Stop Payment - Series |
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$15.00 |
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Credit Report |
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$10.00 |
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Visa Gift cards |
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$3.00/card |
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Overdraft Privilege |
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Check to 3rd Party |
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$2.00 |
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Overdraft Privilege Fee |
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$30.00 |
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Photocopy |
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$0.10/page |
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Statement Copy |
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$1.00/Page |
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Overdraft Fee |
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Non-Member Check |
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$5.00 |
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Checking, ATM, ACH,
PCU, Bill-payer |
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$2.00 per day |
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Member Check Cashing |
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$2.00 |
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Certified Check |
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$5.00 |
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ACH Fees |
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Mid Atlantic Check
Copy - Mail |
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$4.00 |
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Stop Payment - Single |
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$10.00 |
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Mid Atlantic Check Copy -
Faxed |
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$5.00 |
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Stop Payment - Series |
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$15.00 |
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Wire Transfer -
Outgoing Domestic |
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$25.00 |
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Set-up |
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$5.00 |
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Wire Transfer - Outgoing
International |
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$40.00 |
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Posted Return Fee |
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$30.00 |
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Wire Transfer - Incoming |
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$25.00 |
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Account Printout |
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$0.50 |
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ATM/Debit Card |
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Fax Transmission |
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$1.00 /Page |
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Application Fee |
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$0.00 |
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Address Change |
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$3.00 |
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Annual Fee |
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$15.00 |
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Dormant Account |
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$5.00/quarter |
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Loan Skip
Program |
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$25.00/loan |
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Home Banking Fees (PCU) |
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Account
Reconciliation |
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$25.00/hour |
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Application Fee |
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$0.00 |
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Levy Fee |
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$100.00 |
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Monthly Fee |
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$0.00 |
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Plastic Card Re-issue Fee |
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$5.00 |
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Internet Bill Payer Fees |
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Application Fee |
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$0.00 |
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Monthly Fee |
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$0.00 |
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Per Check Fee |
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$0.00 |
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TOP
Effective July 7, 2010, all
APEX members must opt-in
if they wish Courtesy
Pay coverage for one time
debit transactions. A
"critical information
overdraft fees form" will be
mailed to all members in
April 2010. In order to opt-in,
simply complete and
return that form, or email
service@apexfcu.com and
state "I wish to opt-in for
Courtesy Pay for one time
debit card transactions."
All members who do not
return the form or email us
with an opt-in request will
not have this coverage.
If you have any
questions, please
contact us at 610-323-4135.
TOP
Due to an increase in international fraud,
APEX will be instituting TranBlocker on
February 1, 2010. TranBlocker is a powerful,
real-time, web-based ATM/Debit fraud
deterrent tool. TranBlocker protects your
financial accounts by automatically blocking
all international activity on your account. If
you travel regularly and would like to have
TranBlocker removed from your account
permanently, call APEX at 610-323-4135 and
we will be glad to assist you. Or, if you travel
occasionally, simply call us before your trip
and we will deactivate TranBlocker for the
duration of your trip and reinstate it upon
your return.
TOP
Fred Winner -
Chairman
John Zueno -
Vice/Chairman
Gary Twardowski -
Secretary/Treasurer
Joe Kandler
John Logan
George Babilon
Bill Dwyer - Director
Emeritus
David Cocci -
President/CEO
Stephen Ziegler - VP
Accounting
Jonathan Dobry -
Branch Operations
Trisha Schadler -
Lending Supervisor
Tina Shingle - Member
Service Supervisor
Joan Kohn
Mardell Ludwig
Jodi Toennies
Keith Shingle
Lynn Yocom
Carol Loomis
Denise Faust
Lori Weimer
TOP
APEX offices will observe the following holidays:
Martin Luther King Day - Monday, January 18th - Closed
President's Day - Monday, February 15th - Closed
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