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eNewsletter July - September 2019

When to refinance a car loan

When you borrow money to buy a car, your auto loan isn’t a life sentence. You can potentially save money with a better loan, so it’s always worth evaluating whether or not refinancing makes sense. Refinancing your current vehicle loan could save hundreds of dollars a year, and sometimes thousands over the life of the loan. Refinancing is quick and easy, and the benefits start immediately. While you’ll get the most savings by refinancing early in the loan term, there’s no limit as to when to refinance and start saving.

Whether interest rates have dropped since you took out your loan, your credit has improved, or you just don’t feel you got the best rate from the dealership, refinancing may make sense.

One call or a few clicks on your computer are all it takes to see if a refinance can save you money in both the short and long term. Don’t delay, act now while auto loan interest rates are still very low.

Contact a Loan Specialist with Austin Telco at 512-302-5555 x7194 or click here to apply online to see if a vehicle refinance can benefit you.

Auto loans new, used and refinance as low as 3.25% apr up to 60 months

1Annual Percentage Rate. Actual rate may vary depending on credit qualifications. Rates subject to change without notice.


Auto loans as low as 3.25$ APR for up to 60 months.

Take advantage of summer deals and Austin Telco's low auto loan rates to save thousands on your next new or used car. Secure your auto loan before heading to the dealership, then find your new or used vehicle with the Austin Telco Car Buying Service powered by TRUECar.

Here's how it works.


 

See what others paid and save on average over $3,000 off MSRP2.

 
Search over 1M quality pre-owned vehicles before visiting a dealer.

 
Secure your auto loan with Austin Telco for a seamless car buying experience.

Click here to visit Austin Telco Car Buying Service

1Between 7/1/18 and 9/30/18, the average savings off MSRP presented by TrueCar Certified Dealers to users of TrueCar powered websites based on users who received in-stock price offers and who TrueCar identified as purchasing a new vehicle of the same make and model as one of the in-stock price offers from a Certified Dealer as of 10/31/18, was $3,402. Your actual savings may vary based on multiple factors including the vehicle you select, region, dealer, and applicable vehicle specific manufacturer incentives which are subject to change. The MSRP is determined by the manufacturer, and may not reflect the price at which vehicles are generally sold in the dealer’s trade area as not all vehicles are sold at MSRP. Each dealer sets its own pricing. Vehicle Images licensed from EVOX Images.


Love My Credit Union Rewards

Austin Telco members can stay cool this summer with cash rewards from Sprint®.

Austin Telco Federal Credit Union members can cool off with a $100 cash reward from Sprint. Get $100 deposited into your account for every new line activated with Sprint, now available on unlimited lines!

Here’s how to get cash rewards for every new line you activate with Sprint:

  • Add a line to your new or existing Sprint account and mention that you're an Austin Telco member.
  • Register at LoveMyCreditUnion.org/Summer
  • Cash rewards will be deposited directly into your Austin Telco account within six to eight weeks.

Already a Sprint customer?

Register now to receive a $100 loyalty cash reward every year starting one year after registration.

Claim your rewards today!

Visit LoveMyCreditUnion.org/Summer to learn more.


Austin Telco Retirement and Investment Services

Money Tips for Newlyweds

Ideas to Help Manage Stress

Provided by Austin Telco Retirement & Investment Services

In a recent study, 35% of married couples described money issues as their primary source of stress. While there are many potential causes of such financial stress, in some cases the root may begin with habits formed early in the marriage.1

Fortunately, couples may be able to head off many of the problems money can cause in a marriage.

10 Tips for Newly Married Couples

Communication. Couples should consider talking about their financial goals, memories, and habits because each person may come into the marriage with fundamental differences in experiences and outlook that may drive their behaviors.

Set Goals. Setting goals establishes a common objective that both become committed to pursuing.

Create a Budget. A budget is an exercise for developing a spending and savings plan that is designed to reflect mutually agreed upon priorities.

Set the Foundation for Your Financial House. Identify assets and debts. Look to begin reducing debts while building your emergency fund.

Work Together. By sharing the financial decision-making, both spouses are vested in all choices, reducing the friction that can come from a single decision-maker.

Set a Minimum Threshold for Big Expenses. While possessing a level of individual spending latitude is reasonable, large expenditures should only be made with both spouses’ consent. Agree to what purchase amount should require a mutual decision.

Set Up Regular Meetings. Set aside a predetermined time every two weeks or once a month to discuss finances. Talk about your budgeting, upcoming expenses, and any changes in circumstances.

Update and Revise. As a newly married couple, you may need to update the beneficiaries on your accounts, reevaluate your insurance coverage, and revise (or create) your will.

Love, Trust, and Honesty. Approach contentious subjects with care and understanding, be honest about money decisions you know your spouse might be upset with, and trust your spouse to be responsible about handling finances.

Consider Speaking with a Financial Advisor. A financial advisor may offer insights to help you work through the critical financial decisions that all married couples face.

https://www.atfcu.org/investments.htm

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 the purpose of 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.

Austin Telco Retirement & Investment Services Advisors are registered representatives of CUNA Brokerage Services, Inc. Securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), memberFINRA/SIPC, a registered broker/dealer and investment advisor. CBSI is under contract with the financial institution to make securities available to members. Not NCUA/NCUSIF/FDIC insured, May Lose Value, No financial institution guarantee. Not a deposit of any financial institution. CUNA Brokerage Services, Inc., is a registered broker/dealer in all fifty states of the United States of America.

Citations.

1 - cnbc.com/2018/07/10/five-money-mistakes-that-can-destroy-a-marriage.html [7/11/18]

FR-2611212.1-0619-0721


Beachfront view with beach chair and umbrella.

Traveling Outside Texas/US with your Austin Telco Visa Card

To help prevent fraud, ATFCU limits VISA card transactions outside of Texas/US. VISA Debit and Visa Credit Cards are limited to $750 per transaction outside of Texas, and have a $250 limit per transaction outside the US. If you are going to be traveling or shopping online with a merchant outside Texas/US, limits can temporarily be lifted.

The "Remove Out of State Restrictions" or "Remove Online Purchase Restrictions" feature can be set up to 3 months in advance and is valid for up to 1 month. You may contact Austin Telco at (512) 302-5555 to temporarily lift the limit, or lift it from home using Online Banking (this service is not currently available on our mobile app). Once you are logged in to your Online Banking account, select "Card Center" and then select "Remove Out of State Restrictions" if traveling outside of Texas/US or "Remove Online Purchase Restrictions" if shopping online with a merchant outside of Texas/US.

Please note that lifting the restriction does not deactivate the fraud monitoring on your card. VISA/FALCON may contact you to verify suspicious charges while Out-of-State restriction is lifted. If you get a call from Visa, please verify the charges as soon as possible to prevent a block on your card.


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