7.50% on Car Loans

TEFCU is now offering a great deal on new and used car loans. We will finance 100% of a new car and 85% of the retail value of a used car.

If you financed your vehicle somewhere else, call, fax or come by one of our offices and see if we can refinance it for 7.50%.

If you have a paid-for vehicle seven years old or less, you can finance up to 85% of the retail value of the vehicle. Just bring in your title to the credit union and apply for a loan. This rate applies to cars, trucks, motorcycles, boats and recreational vehicles.

When shopping, call the credit union for rates because they may go down. The refinance offer is not valid for existing TEFCU auto loans.

2000 New Year’s Loan Special

$2,500.00 • 2 Years • 8.00% APR
Call your nearest TEFCU office. Just meet the necessary credit criteria.
Excellent credit rating and debt ratios, NO exceptions
No refinancing on existing TEFCU loans
This offer expires January 31, 2000

Holiday Bills Give You the Blues?

During the excitement of the holidays, it is very easy to spend more money than you planned. By the end of January, you have received the bills for all that holiday spirit, and reality brings you a case of the post-holiday blues.

Help is as close as your credit union. We can loan you the money to help you deal with the bills and can almost always tailor a payment plan to meet the requirements of your budget.

Don’t let a mound of bills spoil your memories of the holiday season. Call or visit the credit union today to find out how we can help!

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ATM/Check Card

Convenient.
Now your Texaco Employees FCU check card works like a check, too! Use it instead of a check for paint, tools, wallpaper, and all your home decorating purchases—at over 14 million places worldwide. There’s no check to write. No waiting for check approval.

Easy.
Just present your card at the time of purchase, and the amount will be deducted from your checking account. Plus, you’ll get a receipt for easy record keeping, and every transaction will be detailed on your checking account statement.

Welcome.
It’s your ATM card with the added buying power of the VisaŽ symbol. So you can pay for things right from your checking account anywhere Visa cards are welcome. To find out how you can get our card if you don’t already have one, call 1-877-833-2800, or visit your local branch.

Your money is protected.
Even when your card is lost or stolen.
Protect your account.
Report lost or stolen card immediately. Call 1-800-554-8969.

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We Want You to Attend the Annual Meeting on March 29, 2000 at 4:00 pm
Notice from the Secretary, Board of Directors, TEFCU

As a member of Texaco Employees FCU you're also an owner. The Annual Meeting is your chance to be heard, your chance to get involved.

Come register for door prizes and be sure to bring your ideas, comments, suggestions, and concerns. As a member, your participation is vital. In fact, you involvement is what the Credit Union is all about. It's what makes Texaco Employees FCU a very special institution.

We'll summarize the progress that we made last year and discuss our plans for 2000. We'll also elect new officers. One member of the board of directors is to be elected. The Nominating Committee has nominated Bill Floyd who is currently a member of the board. See Bill’s statement of qualifications and biographical data below.

In addition to the nominations for officer from the nominating committee, our bylaws permit nominations by the membership at large by petition. Petitions must be signed by at least 58 members. Each nominating petition must be accompanied by a signed certificate from the nominee stating that he/she is agreeable to the nomination and will serve if elected to office. Such nominations (3431) must be filed with the Secretary by February 11, 2000. A brief statement of qualifications and biographical data must be included for each nominee. Candidates will be voted on at the Annual Meeting. No nominations will be accepted from the floor.

Any member in good standing is eligible for nomination. If you wish to be nominated to run for a position on the board, call the main office of the Credit Union for a petition form. The form must be brought or mailed to the main office by February 11, 2000.

Please note that board members are required to attend monthly Board of Directors meetings.

Our election will not be conducted by ballot. All elections are determined by a plurality vote, except where there is only one nominee for a position to be filled, the election will be by acclamation.

With your help and attendance at the Annual Meeting, 2000 is sure to be a successful year.

Statement of Qualifications & Biographical Data

I, Bill Floyd, have over twenty years of experience with the Texaco Employees Federal Credit Union. I can perform all functions from working the teller line through management of the credit union. I have extensive experience in both the day-to-day operation and management and long term planning for the credit union. I am currently a board member and the manager of the credit union.

Please join us!

Wednesday, March 29, 2000 at 4:00 p.m. • Norcross Station Cafe
40 S. Peachtree Street • Norcross, GA • 770-407-9889
Downtown Historic Norcross

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Loan Rates

*1 Conventional mortgages up to 90% of appraised value with private mortgage insurance. Loan amounts of $80,000 to $100,000 have discount, origination and closing costs of 3.5% loan amounts of $100,000 to $159,000: 2%. Buy downs available. Call for details.
*2 TEFCU auto loans cannot be refinanced to get a lower rate.
*3 Refinanced auto loans are made at loan values in current NADA book.
*4 Titles are accepted as collateral at NADA retail value and stock at 80% of current value.
*5 Texaco Employees Federal Credit Union will pay off any new or used auto loan held with another financial institution. Above rates would apply to refinancing in the absence of any special loan promotion. Note: Auto loans currently held by Texaco EFCU not eligible for refinancing.
*6 Longer terms are available. Please call nearest office for more details.
*For current first mortgage rates, please call 1-800-503-6855.

The following is required by the Truth In Lending Act - Regulation Z: You pay a FINANCE CHARGE for all money borrowed from the Credit Union. The FINANCE CHARGE is computed at the time each payment is made. For each day since the previous payment, the unpaid balance of your loan is multiplied by the daily periodic rate. The sum of this product equals the FINANCE CHARGE.

How we compute loans: Texaco Employees Federal Credit Union calculates simple interest based on a 365-day year. For example, take your loan balance from the last date of payment or day of a new loan, multiply times the number of days elapsed from that date to present, multiply by the interest rate (10%:.1), divide by 365 days and that equals the current interest due. Example: Your last statement was 1/1/95, loan balance $5,000.00, interest rate is 10% today's date is 2/25/95. The calculation is $5,000 x 56 days x .10 365: $76.71 interest due. Standard repayment procedure is payroll deduction, but a cash pay schedule is also available to members without access to deductions. Additional payments or total payoff of a loan may be made at any time without any prepayment penalty. Interest is computed only on the unpaid balance.

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Savings Rates

*Rates effectove 10-1-99 through 12-31-99. Call the Credit Union for current rates. For current rates call the branch nearest you.
**Rates effective 10-1-99 through 12-31-99.
***Rates effective 12-31-99 and are subject to change.

Free Life Insurance on Share Accounts

When you open your share account, you become an owner of Texaco Employees Federal Credit Union. That is why it's called a share account: you own shares of the Credit Union. One of the benefits you receive as an owner of the Credit Union is life insurance at no charge. Coverage is based on the total balance on deposit in your share account up to $3,000.00. Terms subject to the qualifying requirements of the Credit Union's group life insurance policy.

Call the Credit Union for a copy of the Certificate of Insurance explaining the benefits in detail.

This insurance is provided for you free of charge. The amount of your insurance is based on the insured balance of your savings on the date of your death and how old you were on the date of each deposit that makes up that balance as follows:

Please note your insurance is based on your age on the date of each deposit for which you are insured and does not decrease as you grow older. Withdrawal of savings will be on a last in - first out basis. The insured portion of your savings balance may not exceed $3,000.00.

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