February 3, 2014
Greater Pittsburgh Federal Credit Union
Credit Union Chatter 
We <3 Our Members! 

Quick Links
Main Office - Oakland
Monday - Friday
9:30am - 4:00pm
Phone - 412.621.6800
Fax - 412.681.7421
Toll Free - 1.888.673.7224
North Hills - UPMC Passavant Hospital
Monday - Friday 
9:00am - 5:00pm
No Transaction after 4pm
Phone - 412.748.6338
Fax - 412.748.6658
UPMC Presbyterian 
Hospital Office
Monday and Wednesday
7:30am - 3:30pm
Friday 
7:30am - 3:00pm
Phone - 412.647.6337
UPMC Children's Hospital Office
Monday, Wednesday, and Friday 
7:30am - 3:30pm
Phone - 412.688.0442
UPMC Mercy Hospital Office
Tuesday 
8:30am - 12:30pm
Thursday 
11:30am - 3:30pm
Phone - 412.232.7717
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We're spreading the CU Love this month here at GPFCU!

Credit Unions work hard to save money and help you solve any financial problems as best as we can.  This month we encourage you to take advantage of all our great rates of loans and credit cards to pay off your existing debt further! 

Have you applied recently and been turned down because of your credit?  Maybe its time to start rebuilding your credit with a Covered-By-Shares Loan!  (3.5%, minimum $500.)  
 
This is a loan that you cannot be denied for as it is fully secured. That's right - you can't be denied!  This is because full amount you are borrowing is held as collateral.  
 
For example: say you want to borrow $1,000.  You put $1,000 in your account to hold, and you borrow a check for another $1,000.  As you make payments on that loan, the funds are released back to you.  
 
Why would you want to do this?  This is a product designed to establish credit or to help rebuild bad credit.  By having an account in good standing, you build good credit history and may improve your score.  
 
If that seems like something that would interest you, please submit your application here.
 
We <3 Our Members!  Have a Happy Valentine's Day!
 
  
Sincerely,

  
Greater Pittsburgh FCU Staff 
Your Credit Union: The More You Use It, the More you Save

 

Did you know that in the last calendar year, America's credit unions provided their members nationwide with $6 billion in financial benefits? That's an average of $121 per member household according to Credit Union National Association's economics and statistics department. 

Credit unions save members money by charging lower interest rates on loans and paying higher interest or dividends on deposit accounts and investments. They also charge fewer and lower fees. So the more you use our credit union, the more you save.

Consider this: Financing a $25,000 new car for 60 months at GPFCU would save you an average of $231 per year in interest expense compared to what you would pay at a banking institution. That's approximately $1,000 in savings over five years. 

The main reason GPFCU can offer a better value is that we're a member-owned, not-for-profit cooperative. In fact, credit unions have outshined other financial institutions in every American Banker customer satisfaction survey since 1984. We exist to meet members' needs, not to make a profit and maximize the wealth of outside shareholders, as banks do. 

When you look at credit unions vs. banks, the difference matters-it saves you money.  
 
 
 
Reminder: 1099's and Claiming Interest

Earned interest is only reportable to the IRS if you received $10.00 in interest for the 2013 fiscal year. 

You will only receive a 1099 form from GPFCU if you have earned $10.00 or more.  

If you misplace your form, please call the main office and we can send you a duplicate.