April 2010 eNewsletter

Great Rates and Flexible Terms on Mortgage Loans

You've heard the news over the last year or two, and you're well aware that the country is experiencing tough times economically. However, we want to assure you that Austin Telco is safe and secure, and we have money to lend!

Despite the credit woes of the big banks across our country, we did not make or invest in subprime mortgage loans nor have we accepted any funds from the Troubled Asset Relief Fund (TARP). We maintain conservative business practices that have helped us bridge this very difficult economy without assistance.

And moving forward, we will remain a trusted source for mortgage loans - offering options at competitive, low rates and an easy application process for you and your family. There is no credit crisis here.

If you're looking for a great rates and flexible terms, give us a call, we have mortgage loans to fit your needs and your budget.

We're here for you. Give us a call today at 512.302.5555 x7388.

Branches in the Works

University Oaks, in Round Rock, near IKEA is now open! This full service branch features three drive-thru lanes, an ATM and safe deposit boxes.

Our next branch, Tech Ridge, is scheduled to open in July. This branch is located in Austin near the intersection of Howard Lane and IH-35. Following the opening of Tech Ridge, our 19th location will be in San Marcos on the southeast corner of Hwy 80 and IH-35. Construction on this branch has begun with an anticipated completion date of November. We are excited to expand and continue building relationships throughout the Austin Metro area.

Overdraft Privilege Ends August 15th Unless You Choose to Opt-In

Austin Telco offers two overdraft programs to help protect members from the embarrassment and possible financial burden of returned checks, electronic payments, one-time debit card purchases, and ATM transactions. Our Overdraft Protection service automatically transfers funds from your enrolled savings, money market, or other accounts in increments of $50 to cover any insufficient item; this service costs $5 per transfer. If no funds are available for Overdraft Protection, our Overdraft Privilege program pays these insufficient items by allowing your checking account to have a negative balance of up to $500 (this amount may vary based on qualifications); the fee for this service is $24 per transaction. Of course, neither program has any cost if no insufficient items are presented on your account.

Due to upcoming changes in Federal Regulation E, your ability to utilize Overdraft Privilege for one-time debit card purchases and ATM transactions will be terminated on August 15, 2010 unless you choose to “opt-in”. Without your consent, card transactions for which you do not have sufficient funds will be declined at the point of purchase. Beginning in early May, all members will have the opportunity to “opt-in” via MemberConnect, over the phone, or a signed “Opt-In” form available soon either online or at any of our branch locations.

Drive Your Auto Loan to Us

Whether you’re looking for a vehicle now, or already have a vehicle financed elsewhere, call the loan department at 512.302.5555 x7194 or stop by one of our Austin Metro Locations to put the ATFCU Advantage Auto loan to work for you.

Refinance your current auto loan at some of the lowest rates in the country. Click here to check out our great rates!

Board of Directors Update

Long time Board of Director member William O. Henry recently resigned his position on the Board after dedicating 38 years of service to Austin Telco. Board member W.J. Scott also resigned this year after serving 10 years on the Board of Directors and several years on the Supervisory Committee.

At the annual meeting in March, Supervisory Committee member Paul Paulsen was elected to a three year term on the Board to replace W.J. Scott. The Board of Directors appointed Larry Lantrip, who has served on the Supervisory Committee for the past two years, to replace Mr. Henry on the Board until next year’s annual meeting election.

We would like to announce two officer changes on the Board of Directors. Former Treasurer Joyce Howell has been elected Vice Chairman, while newly elected Paul Paulsen will serve as Treasurer.

Special thanks to William O. Henry and W.J. Scott for their years of dedication and commitment to Austin Telco.

Bill Payment History Expansion

We are pleased to announce an enhancement to bill payment history through MemberConnect. Currently, MoneyHQ users have the ability to view 12 months of history for bill payments they have made through MemberConnect. Beginning Wednesday, May 19, users enabled for MoneyHQ will now be able to view 18 months of bill payment history.

We look forward to bringing you this exciting enhancement.

Unlock the Possibilities with a Home Equity Loan

Optimize the equity in your home with a Home Equity Loan from Austin Telco and get more value for less with low interest rates. We will pay all standard closing costs for loans under $100,000 closed at any Austin Telco branch. ATFCU can save you thousands of dollars over the life of your loan. Click here to check out our low rates!

For more information, contact one of our Home Equity Specialists at 512.302.5555, ext. 7194.

Loan and Savings Rates

Commercial Real Estate, Home Equity, Auto Loans and more!

Certificates of Deposit, Money Market, Regular Savings and more!

Investment Services

Statistically Speaking

As of March 31, 2010

Number of Members	65,433
Number of Checking Accounts	33,693
Capital	$ 87,289,483
Loans	$ 345,076,181
Deposits	$ 926,457,364
Assets	$ 1,014,913,663

Regular Lobby & Drive-Thru Hours

Monday & Friday

All Lobbies       9:00 AM - 6:00 PM
All Drive-Thru's     7:30 AM - 6:00 PM

Tuesday, Wednesday & Thursday

All Lobbies    9:00 AM - 4:00 PM
All Drive-Thru's     7:30 AM - 6:00 PM

Saturday

Select Lobbies* 9:00 AM – 1:00 PM
All Drive-Thru’s 9:00 AM – 1:00 PM

*La Frontera, Taos, Leander, Bastrop, Pecan Park, Brodie Lane, Georgetown, Cedar Park, Buda, Stone Hill and University Oaks

If you have any questions or need more information on our locations, please call 512.302.5555, ext. 7000.