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Updated July 29, 2010
Grab the Rebate and Run!
Buying a new vehicle? 0%* dealer financing may sound better than 4.5%*credit union financing - but look again.
| Vehicle Price |
$25,000 |
$25,000 |
$25,000 |
| Loan Term |
60 Months |
60 Months |
72 Months |
| Interest Rate – APR* |
0% |
4.50%* |
4.75%* |
| Factory Rebate |
$0 |
$5,000 |
$5,000 |
| Amount Financed |
$25,000 |
$20,000 |
$20,000 |
| Monthly Payment |
$416.67 |
$372.86 |
$319.78 |
| Total Repayment |
$25,000 |
$22,372 |
$23,024 |
| |
|
You save
$2,628! |
You save
$1,976! |
*All interest rates are Annual Percentage Rates. ATFCU rates based upon loan being repaid by payroll deduction or automatic transfer.
Zero percent financing is an increasingly popular financing option offered by most vehicle manufacturers on new cars and trucks. It sounds great and is appealing to many buyers but, as the above table shows, it may not always be the best deal.
Use our loan calculator to evaluate your financing options.
If you find that you can save money by financing with us Grab the Rebate and
Run to the closet ATFCU loan officer. Or give us a call at 677-2274 or
800-677-6770.
Remember – All member/owners of Abilene Teachers FCU are eligible for the loan rates shown above.
A New Location is Under Construction
Construction is well underway on our new headquarters building
at 3849 Antilley Road. The 34,000 square foot building is
located on 3.75 acres near the intersection of Buffalo Gap
and Antilley. The two story building features an expansive
glass entryway and atrium styling. It will house a full range
of member services including personal tellers, account representatives,
consumer and mortgage lending, night deposit and ATM access.
10 drive through teller lanes will offer fast service to our
members.
With future expansion in mind, the facility will accommodate ATFCU's relocated "back office" functions -
information technology, accounting, collections and human resources in addition to executive offices and the call
center. A large conference room and member education center are also included in the plans.
Local contractor Epic Construction was awarded the building
contract and began site work in November 2009. Completion
is expected early in 2011. The current main office building
at 2801 N. 6th Street will remain open as a branch after the
new building is completed.
Foolproof Financial
Education
ATFCU is pleased to introduce FoolProof
financial education to our members. FoolProof is a set of
online tools designed to raise your consumer IQ. It is a no-nonsense,
web-based consumer education program designed to tell you
the truth about products, services and issues that impact
the financial quality of your life. You can access the following
modules using the FoolProof link on our home page:
FoolProof Solo - a complete financial education program for older teens and young adults.
FoolProof Solo teaches young, and even older adults, about the realites of money and credit.
FoolProof for Parents - Think of FoolProof for Parents as a very high-tech game
that teaches your children financial literacy while it entertains. It is a web-driven program
for parents and grandparents to use with their children or grandchildren.
Information Edge - A website for adults that offers straight answers and unbiased
information on dozens of consumer issues. It features articles, podcasts, videos and breaking news
that tell the truth about consumerism.
CUHQ - A consumer website for younger teens that will give them a "heads up"
on the real world.
Here's another thing that makes FoolProof different - the modules
intended for teens are taught by young people in informal settings.
They're engaging and "edgy" and will keep the attention of the
Internet generation. Check out FoolProof today!
Instant Issue Check
Cards
Check cards are rapidly replacing paper checks as the most popular way to make retail
purchases. They're quick, they're convenient and they're easier than carrying a checkbook.
We're pleased to announce that we can now issue these cards at our walk-in facilities,
usually within an hour.
If you need a new card quickly or if your magnetic strip is
damaged, we can quickly assist you onsite. And here's another
benefit you'll enjoy - members can choose their own PIN.
We've changed the appearance of our VISA check card to help members distinguish
it from their ATM card. The new design features a West Texas tank and windmill.
As current cards expire, all check cards issued by ATFCU will be changed to the new design.
Guaranteed Asset Protection
(GAP) for your Vehicle Purchase
You could lose more than your new or used vehicle if it is
stolen or involved in a major accident. You could also lose
your investment. Because most insurance policies only cover
the value of your vehicle - something that rapidly declines
during the first few yeas of ownership - your loan balance
can be higher than the value of your vehicle. This situation
is commonly called "being upside down" on a loan.
Now you can protect your vehicle investment with Guaranteed
Asset Protection (GAP). GAP protects you from a potential
loan deficiency and covers the "gap" between the amount of
your investment and the amount you still owe. Essentially,
GAP protects you from substantial loss.
GAP was designed for all drivers, whether you finance a new
or used vehicle. It covers automobiles, vans, and light trucks.
GAP coverage goes into effect when you need it most - when
your vehicle is stolen and isn't recovered, or is totaled
in an accident.
GAP covers the difference between your insurance company's
Actual Cash Value determination and the payoff amount of your
loan. Delinquent payments, late charges, refundable service
warranty contracts, other insurance-related products, and
interest charged after the date of loss will be deducted from
the GAP settlement.
For just pennies a day, GAP provides peace of mind, convenience,
confidence and significant savings. Enrollment is simple.
Contact your loan officer for details.
ATM Update
Abilene Teachers FCU is a member of the CO-OP Network of
ATM machines. This means that more than 24,000 surchage free
machines are available to you around the country and around
the world. When you use your ATM card at any of the locations
mentioned below, you won't pay a fee to the operator of the
machine OR a foreign ATM fee to the credit union. What a great
deal!
There are six local ATM's operated by Abilene Teachers
FCU:
Drive thru facility at 1181 E.N. 10th Street
Drive thru facility at 349 N. Mockingbird
Drive thru at 2555 Buffalo Gap road
Inside the Student Center at McMurry University
Inside the lobby of One AISD Center, 241 Pine Street
Inside the Conference Center at Region 14 Education Service
Center
Two other Abilene credit unions are also members of CO-OP
Network, meaning that their machines can now also be used without
a fee. These additional machines are located at:
First Abilene FCU at 1118 Pine (drive-thru)
First Abilene FCU at 3324 Catclaw (drive-thru)
Communities of Abilene FCU - 4419 Rigdemont Drive (drive-thru)
Communities of Abilene FCU - 3661 N. 6th Street (drive-thru)
Communities of Abilene FCU - 341 Avenue C at Dyess Air Force Base
K-Mart Customer Service Desk - 4565 S. 1st Street
Additionally, the 7-Eleven chain of stores has added ATM machines
to their locations in the Abilene area.. Although these machines
are labeled with large, blue Citibank signs, they are
surcharge free to ATFCU members using their ATM cards. (Remember,
our ATM card has a bright blue background with the red CO-OP
triangle in the bottom left corner.)
Here's a way to find CO-OP machines when you're traveling. Look
for the red, triangular CO-OP logo at the bottom of our homepage.
Click there and you'll be directed to the CO-OP ATM locator
page. You can choose to enter either the city and state OR
the zip code for the area you're searching. Click on the 'GO'
button and you'll receive a list and a map of surcharge-free
CO-OP Network machines in the area.
Holiday Closings
- 2010
- New Years Day - Friday, January 1
- Martin Luther King, Jr. Day - Monday, January 18
- President's Day- Monday, February 15
- Memorial Day - Monday, May 31
- Independence Day (observed) - Monday, July 5
- Labor Day - Monday, September 6
- Columbus Day- Monday, October 11
- Veterans' Day - Thursday, November 11
- Thanksgiving - Thursday, November 25
- Christmas Eve- Friday, December 24
- Christmas Day - Saturday, December 25
- New Year's Eve- Friday, December 31
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