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| Coastline FCU Newsletter |
Version 2.1
January 2012
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A Message From the Supervisory Committee
The Coastline Federal Credit Union Supervisory Committee is undertaking its account verification process. Please review your current statement and report any discrepancies to:
Mr. Joe Fitzmayer, Chairman
Supervisory Committee
Coastline Federal Credit Union
P.O. Box 48243
Jacksonville, FL 32247-8243
Please include your account number and a detailed description of your discrepancy.
Thank you for your assistance. We value your membership.
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Important IRA Tax Information
The balance of your IRA as stated on your December 2011 Statement is the fair market value.
The balance of your IRA is being provided to the Internal Revenue Service. (If applicable)
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Important Information Regarding
Coastline's Fee Schedule
Effective February 1, 2012, the following fees will be implemented.
Charge Off Reopen Fee - $50.00
Repossession Redemption Fee - $100.00
Empty Deposit Envelope Fee - $30.00
Good Faith Extension Fee - $30.00
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Five Things to do in January
It's no surprise that January is a big month for making resolutions. And if you've been making resolutions for a while, you know how many of them fall by the wayside before February.
We have suggested resolutions that are different in two ways-they're in the 'set and forget' category, and they can make your life so much easier that you're likely to keep them.
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SAVE THE DATE!
Annual Meeting
Thursday, February 16, 2012 at 5:30 p.m.
4651 Emerson Street
Join us as we recap the 2011 year and share what Coastline has planned for 2012. Light refreshments will be served. Please RSVP to marketing@coastlinefcu.org.
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Open A Christmas Club and Avoid a Holiday Hangover Next SeasonIt is never too early to start saving for next year. If credit card bills from the holidays leave you overwhelmed, we can help. A Christmas Club account preserves the joy of the holidays by eliminating the financial stress of the season. Instead of charging everything at the last minute, save in advance for holiday spending. Determine what you spent last year and add a portion of that to your account each month. Or, have an amount deducted directly from your paycheck.
To avoid a credit card hangover next holiday season, contact a Member Service Representative today to open a 2012 Christmas Club account!
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It Still Makes Sense to Buy a House
If you bought a house in the early 1980s, you likely can't believe how low home loan rates are today. Federal Reserve records indicate the 30-year fixed rate was an astonishing 18.45% in October of 1981. Few borrowers took mortgages at that high rate, yet the average contract rate in November of 1981 was 15.8%. Those double-digit interest rates made home loans extremely expensive, and risky, 30 years ago.The picture today is radically different, with home loan rates less than 5%-where they have been for many months. And, in another plus for house hunters, there are many houses for sale-meaning it is a buyer's market. The weak economy understandably leaves some prospective homeowners reluctant to make such a big financial commitment. Some analysts even have gone so far as to diminish the desirability of owning a home anymore. They suggest that, since houses are not appreciating as they were four or five years ago, the investment is no longer prudent.
That's a short-sighted viewpoint. Click here for many very sound reasons to buy a house.
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Rates are Low
Refinance Your Home Loan
Financing Home Purchases
Financing Home Improvements
Financing Lot Purchases
Home Construction Financing
www.coastlinehomemortgage.com
(904) 448-2595
We also offer:
Home Equity Mortgages
Up to 15 Year Terms
15 Year Home Equity
Line of Credit (HELOC)
5 Year Home
Improvement Loans
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Holiday Hours
Sunday, January 1
New Year's Day
All branches will be closed.
Monday, January 2
New Year's Observed
All branches will be closed.
Monday, January 16
Martin Luther Kind, Jr. Day
The Northside and Southside branches will be closed.
The Downtown and Southpoint branches will be open.
Wednesday Morning
All branches open for business at 10:00 a.m. on Wednesday mornings and the Call Center opens at 9:00 a.m.
Our Member Service Center Representatives are available to assist you on Monday, Tuesday, Thursday and Friday
starting at 8:00 a.m. at
(904) 346-1700
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Coastline in the Community
Join us in the community as we become involved in events around Jacksonville as well as visit local businesses as we focus on financial education and share the good news about credit unions and Coastline!
December Events Included:
· CSX
· Teamsters Local 947
· Quality Health
· Southside Business Men's Club
· Compass Financial Group
If you would like Coastline to visit your business and share with your employees the benefits of a Coastline membership, please contact Robin Tuck at (904) 346-1700, Ext 254 or send an e-mail.
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P.O. Box 47410
Jacksonville, FL 32247-7410
(904) 346-1700 · (800) 444-1811
infolink@coastlinefcu.org · www.coastlinefcu.org
Branch Hours and Locations
   
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