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enewsletter 1st quarter 2019

Share Certificates

Maximize Your Earnings with an Austin Telco Share Certificate.We offer a wide range of terms to fit your needs. 

Click here to see more terms and rates. 

Nominating Committee Notification

The Nominating Committee will submit the following individuals for nomination to fill four Board of Directors’ positions at the Annual Meeting on Thursday, March 14th, 2019: Paul Paulsen, Steve Read, David Westlund and Lea Luchsinger.

Paul Paulsen - Has served on the ATFCU Board of Directors for nine years and is currently Chairman. He has also served as both Treasurer and Vice-Chairman of the Board, along with holding the position of Chairman of the Supervisory Committee. Mr. Paulsen has also served as companywide Chairman of the United Way Campaign and has been a Board member of Junior Achievement of Austin.

Steve Read - Has served on the ATFCU Board of Directors for six years and is currently the Vice-Chairman. He has also served as the Treasurer of the Board and Chairman of the Supervisory Committee. Along with his background of thirty-six years of financial and insurance services, Steve has attended over nine years of credit union training and conferences to enhance his knowledge of credit unions.

David Westlund - Joined the ATFCU Board of Directors two and a half years ago and is the current Treasurer. David also served on the Supervisory Committee, and he held the position of Chairman before his appointment to the Board. He volunteers in the community and attends various conferences and training sessions to stay current on the credit union industry.

Lea Luchsinger - Has recently joined the ATFCU Board of Directors as a result of the passing of one of our Board Members. Prior to joining the Board, Lea served as Chairman of the Supervisory Committee and has volunteered her time with various organizations including Child Protective Services.

Since there will be no nominations from the floor, other nominations for vacancies may be made by a signed petition of 500 members. The deadline to file a petition is Thursday, January 31st, 2019.


Annual Meeting Notice

The Annual Business Meeting will be Thursday, March 14th, 2019 at the Shoal Creek Branch starting at 2:00PM. The format will be a business meeting, with a presentation of the 2018 financial performance results.

There will be no door prizes or give-a-ways and dinner will not be served.

To reserve a seat, RSVP by Friday, March 8th, call 512-302-5555 Ext, 7000.


Love My Credit Union Rewards

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Sign up today to enjoy the benefits of credit union membership with Sprint's best Credit Union Member Cash Rewards offer EVER!

1. Become a Sprint customer and mention you're an Austin Telco member.

2. Register at LoveMyCreditUnion.org/SprintRewards

3. Allow up to six to eight weeks to see cash rewards directly deposited into your credit union account.


Visit LoveMyCreditUnion.org/Sprint to learn more.

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Tolerate the Turbulence

Look beyond this moment and stay focused on your long-term objectives.

Provided by Joshua Lowy & Doug Mitchell

Volatility will always be around on Wall Street, and as you invest for the long term, you must learn to tolerate it. Rocky moments, fortunately, are not the norm.
 
Since the end of World War II, there have been dozens of Wall Street shocks. Wall Street has seen 56 pullbacks (retreats of 5-9.99%) in the past 73 years; the S&P index dipped 6.9% in this last one. On average, the benchmark fully rebounded from these pullbacks within two months. The S&P has also seen 22 corrections (descents of 10-19.99%) and 12 bear markets (falls of 20% or more) in the post-WWII era.1
 
Even with all those setbacks, the S&P has grown exponentially larger. During the month World War II ended (September 1945), its closing price hovered around 16. At this writing, it is above 2,750. Those two numbers communicate the value of staying invested for the long run.2
 
This current bull market has witnessed five corrections, and nearly a sixth (a 9.8% pullback in 2011, a year that also saw a 19.4% correction). It has risen roughly 335% since its beginning even with those stumbles. Investors who stayed in equities through those downturns watched the major indices soar to all-time highs.1
 
As all this history shows, waiting out the shocks may be highly worthwhile. The alternative is trying to time the market. That can be a fool’s errand. To succeed at market timing, investors have to be right twice, which is a tall order. Instead of selling in response to paper losses, perhaps they should respond to the fear of missing out on great gains during a recovery and hang on through the choppiness.
 
After all, volatility creates buying opportunities. Shares of quality companies are suddenly available at a discount. Investors effectively pay a lower average cost per share to obtain them.

Bad market days shock us because they are uncommon. If pullbacks or corrections occurred regularly, they would discourage many of us from investing in equities; we would look elsewhere to try and build wealth. A decade ago, in the middle of the terrible 2007-09 bear market, some investors convinced themselves that bad days were becoming the new normal. History proved them wrong.
 
As you ride out this current outbreak of volatility, keep two things in mind. One, your time horizon. You are investing for goals that may be five, ten, twenty, or thirty years in the future. One bad market week, month, or year is but a blip on that timeline and is unlikely to have a severe impact on your long-run asset accumulation strategy. Two, remember that there have been more good days on Wall Street than bad ones. The S&P 500 rose in 53.7% of its trading sessions during the years 1950-2017, and it advanced in 68 of the 92 years ending in 2017.3,4
 
Sudden volatility should not lead you to exit the market. If you react anxiously and move out of equities in response to short-term downturns, you may impede your progress toward your long-term goals.  
     
 

Douglas Mitchell

Douglas Mitchell
Financial Advisor

512-407-3186
Alt: 512-733-5678
douglas.mitchell@cunamutual.com

Joshua Lowy

Joshua Lowy
Financial Advisor

512-407-3197
Cell: 941-705-1123
joshua.lowy@cunamutual.com


   
This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note - investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment.
 
Citations.


1 - marketwatch.com/story/if-us-stocks-suffer-another-correction-start-worrying-2018-10-16 [10/16/18]
2 - multpl.com/s-p-500-historical-prices/table/by-month [10/18/18]
3 - crestmontresearch.com/docs/Stock-Yo-Yo.pdf [10/18/18]
4 - icmarc.org/prebuilt/apps/downloadDoc.asp [2/18]

10252018-WR-2640


What can a Home Equity Loan do for you?

House on money

Put your home equity to work for you with an Austin Telco Home Equity loan. What can a home equity loan be used for and why get one now?

1. Incredibly Low Rates
Our rates are among some of the lowest you’ll find anywhere. Take advantage of our low rates and put the equity in your home to work for you.

2. Amazing Flexibility
Just imagine some of the amazing things that you can do with your home’s equity.

  • Remodel the kitchen
  • Pay college tuition
  • Finance a wedding
  • Take a summer vacation

3. Tax Deductible
The interest you pay on a Home Equity Loan might be tax deductible*, which further reduces the cost of borrowing.

4. Debt Consolidation
If you’re looking for a way to reduce your debt or pay off your existing credit card balances, a home equity loan could be a great option. A home equity loan could reduce the interest you pay and your monthly payments.

5. No Closing Costs
Not only will you save money with our low rates, but Austin Telco will also pay your normal closing costs.**

With our low rates and the financial freedom of a home equity loan there’s never been a better time to apply for one today.

*Consult your tax advisor regarding the deductibility of interest on a Home Equity Loan. **These costs include: title search, flood determination, credit report, and county filing fees. If necessary, additional fees for member requested appraisal, survey, and title company closing costs will be the responsibility of the borrower. Estimated costs will be disclosed upon receipt of application. Loans of $100,000 and above will require an appraisal, title policy, and title company closing costs at the member’s expense. Rates and terms on loans over $200,000 may vary.

Home Equity Loans as low as 3.85% APR 5 years fixed no closing costs.

1A minimum deposit of $95,000 is required for Jumbo Share Certificates and $225,000 is required for Super Jumbo Share Certificates. Dividends are compounded and paid quarterly. Funds must remain on deposit for the term of the certificate or penalties will apply as follows; terms of 12 months or less-90 days dividends; terms over 12 months-180 days dividends. Rates subject to change without notice. 

2Annual Percentage Rate. Actual rate may vary depending on credit qualifications. Rates and terms are subject to change without notice.

3Austin Telco pays all standard closing costs for Home Equity/HELOC loans below $100,000. These costs include: title search, flood determination, credit report, and county filing fees. If necessary, additional fees for appraisal, survey, and/or title company closing costs will be the responsibility of the borrower. Estimated costs will be disclosed upon receipt of application.  Federally insured by NCUA. Austin Telco NMLS #422857


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