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Your dreams of a financially secure future need to be protected. MEMBER’S CHOICE Borrower Security on your loan can help!
You have dreams for you and your family – a happy retirement, college plans, a new car. But have you considered how you or your family would cover your financial obligations, such as the payment on your loan if you fell victim to an unfortunate event? MEMBER’S CHOICE Borrower Security can help when the unexpected hits.
Depending on the package selected, MEMBER’S CHOICE Borrower Security can cancel your loan balance or payment in the event of loss of life. It can also cancel your loan payment up to the agreement maximum, if you become disabled due to a protected illness or injury or become involuntarily unemployed.
With MEMBER’S CHOICE Borrower Security, every eligible member pays the same fee and you only buy enough protection to cover your loan balance. Tying protection directly to your loan means you’ll have exactly the right amount of protection – no more, no less, and that saves you money. Other benefits include:
- Helps protect your family, collateral, and credit rating
- Simple eligibility requirement
- Fast, easy enrollment
- Immediate enrollment for eligible borrowers
- Convenient – fee can be included in your monthly payment
You can count on MEMBER’S CHOICE Borrower Security to step in when you
and your family need help the most. And that means your dreams can go on
and on – even when your income doesn’t.
For more information about MEMBER’S CHOICE Borrower Security, call
(304) 455-4029 ext. 1483 or (800) 272-6003 or visit our website at
www.bayerhfcu.com. You may also refer to the Member Agreement for
additional information on benefit maximums, eligibility, and limitations.
B2BL-11080-53A6
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Bayer Heritage Federal Credit Union’s Employee Appreciation Dinner in November was a little different. Employees competed in a fun game of “Deal or No Deal” to win money that would be spent for the good of the community. Winners were given specific guidelines on how the funds should be spent as well as suggestions of local organizations that could utilize the monies. A total of $5,000 was given out to area community organizations. Bob Burrow, CEO played the role of Howie Mandel and Ron Rush, CFO was the banker.
Community organizations benefitting from the event included: Appalachian Outreach, House of Carpenter, Hospice Care, Judy’s Place, Open Door Ministries, Project Linnus, Salvation Army, Sistersville Nursing Home, Toys for Tots, Wheeling Health Right and Wheeling Soup Kitchen. Some of our employees wanted to take it one step further and donate time to local organizations. The Proctor Member Service Department spent an evening at Sistersville Nursing Home decorating residents’ doors for the holidays. Pay It Forward is just another way of Bayer Heritage FCU living up to the credit union philosophy of “people helping people.”
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Bayer Heritage Federal Credit Union has teamed up with GM and Chrysler to help our members Invest in America. All eligible current and new members have the unique opportunity to get a great discount on a new GM or Chrysler vehicle. While the discounts vary depending on which vehicle you choose, you’ll drive away with an excellent deal. You could save thousands of dollars on your  next vehicle!
The deal gets even better when you finance your vehicle with us. We are offering an additional .50% off our already low rates. You can help the local economy when you buy an American-made car and finance it through Bayer Heritage FCU. For more information on Invest in America, visit www.LoveMyCreditUnion.org or contact your local branch office for details.
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Payments from your IRA are subject to federal income tax withholding, unless you elect no withholding. You may change your withholding election at any time prior to your receipt of a payment. To change your withholding election, complete the appropriate form provided by your credit union. Withholding from IRA payments, when combined with other withholding, may relieve you from payment of estimated income taxes. However, your withholding election does not affect the amount of income tax you pay. You may incur penalties under the estimated tax rules if your withholding and estimated tax payments are insufficient.
© 2001, CUNA Mutual Group
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Reliance On Credit Puts Homes At Risk
Rising prices have many homeowners juggling their mortgage and living expenses. Some borrowers pay for necessities on credit and reserve their cash for the mortgage payment. Too often, the cards get maxed out and homeowners end up in foreclosure. Other homeowners who believe they’re unlikely to make their mortgage payments pay credit cards and auto loans instead of their mortgage.
If you are in a similar situation, a mortgage shortfall is something you need to deal with now. Whether you request a loan modification, sell the house, or find another solution, Bayer Heritage FCU urges homeowners in trouble to do something other than using credit cards to postpone the inevitable. If your home is foreclosed, you’ll likely pay much higher interest rates on future credit – if you can get credit at all. A foreclosure will stay on your credit report for seven years – long after you’ve recovered financially.
A good first step is to contact Hope Now – an organization which helps homeowners resolve mortgage issues and keep their homes. If you are behind on your mortgage payments or if you think you might have difficulty in the future call 888-995-HOPE or visit www.hopenow.com.
Even if you’re not in financial trouble now, you can use the economic slump as a wake-up call to be proactive. One thing you can do is establish or add to an emergency fund. Use this fund when you need help making ends meet.
Remember, the people at your credit union are here to help. Don’t wait until you’re in trouble to ask for a financial checkup. The earlier you ask for a review, the better the outcome. Visit our “Home & Family Resource Center” at www.bayerhfcu.com for more information.
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Santa made the rounds at the Bayer Heritage FCU offices this past Christmas. Kids were thrilled with the goody bags Santa handed out to everyone who stopped by. Check out our website at www.bayerhfcu.com for all the upcoming Dollar Dog events scheduled throughout 2009.
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Bayer Heritage Federal Credit Union is an avid supporter of Children’s Miracle Network (CMN) and Credit Unions for Kids. Each year staff and credit union members participate in fund raising events such as casual days, balloon sales, raffles, 50/50 drawings, and payroll deduction for contributions. In 2009, Bayer Heritage FCU is streamlining its fund raising efforts with one main project – an employee cookbook! Staff and volunteers got busy last fall sharing all of their favorite recipes. Our goal was to raise $6,000.00 for CMN. The completed  cookbook, Cooking For A Cause, including 498 tasty recipes, arrived in early January. One thousand cookbooks were originally ordered and we’ve already had to place a second reorder! Our original goal will certainly be surpassed and a great charity will appreciate the effort!
In 2009, we donated a total of $9,054.00 to CMN and Cards of Hope. Cookbooks are still on sale for a $10 donation. Stop by and get yours today!
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VISA® USA has announced that credit and debit card information belonging to a large number of VISA® cardholders has been compromised. Some Bayer Heritage FCU credit and debit cards were also affected by this incident. We are currently contacting the at-risk cardholders and will take the necessary steps to minimize member impact. As always, we strongly encourage you to review your accounts online and closely review your monthly statements. Please call us immediately if you spot any suspicious activity.
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Let’s face it – times are tough and there are plenty of things to be concerned about. Isn’t it comforting to know that your credit union and your nest egg are safe and sound?
In a time when many financial institutions are taking money from the government just to stay solvent, and jobs are being lost at rates we haven’t seen since the recession of 1974, Bayer Heritage FCU is perfectly secure and ready to help our members through these tough economic times.
Bayer Heritage FCU is a dynamic and vibrant credit union with assets of more than $200 million. We are proud to be the caretaker of your valuable savings and retirement accounts. We value your trust and never take it for granted. Because we never stepped over the line into risky loans with our mortgage lending and kept our business practices conservative, we are here to continue guiding you along the path to financial security.
Don’t forget that Bayer Heritage FCU can help you. If you are facing budget difficulties or need advice on how to address financial needs, please call us. We are a full service financial cooperative offering you the counseling and products you need to weather these times. Visit the Membership section at www.bayerhfcu.com to explore the financial education information and resources we have available for our members!
Robert D. Burrow,
President/CEO
Bayer Heritage FCU
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Offices (304) 455-4029
Toll Free (800) 272-6003
Toll Free Direct Connect (800) 695-8519
When listening to the opening greeting press
the following keys to reach that department:
Card Services – Press 1
Member Services (Savings, Checking, Debit Cards and Transfers) – Press 2
Mortgage Loans – Press 3
Consumer Loans – Press 4
Access Your Local Branch Office – Press 5
Collections – Press 6
Direct Connect (24hr. Teller) – Press 7
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Memorial Day
Monday, May 25, 2009
Deadline for Scholarship Applications
April 15
Member Appreciation Day
April 17 – Baytown Office
New Martinsville Grand Opening
April 25
Member Appreciation Day
May 1 – South Carolina Office
Member Appreciation Day
May 15 – Pittsburgh Office
Join us for the Grand Opening at our New Martinsville office on April 25, 2009! The new office is located at 178 North State Route 2, New Martinsville, WV 26155. The Lobby hours are Monday – Friday 8:30 a.m. – 4:30 p.m., Drive Thru hours are Monday – Wednesday and Friday 8:00 a.m. – 4:30 p.m., Thursday 8:00 a.m. – 5:00 p.m., and Saturday hours are 8:30 a.m. – noon. You’ll find convenient 24/7 access to the ATM in the third lane of the Drive Thru. Stop by and visit us!
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Kid’s Corner
Cooking For A Cause