Fred Beckman (right) congratulates Mike Fanelli on his election to the CEO/Treasurer position.
What's New?
Fred Beckman Retires; Mike Fanelli Elected CEO/Treasurer
After 17 of leading Atlantic Federal, Fred Beckman CEO/Treasurer, retired in December. The Credit Union’s Board of Directors has elected Mike Fanelli, formerly AFCU’s Chief Financial Officer and Chief Operating Officer, to the CEO/Treasurer position. Mike has been with the Credit Union for 12 years.
Fred was just the fourth CEO in the history of Atlantic Federal, which was chartered in 1935. Under his leadership, assets doubled from $137 million at the beginning of 1994 to a current all-time high of $276 million. He will remain on the Credit Union’s Board of Directors. Fred says he is looking forward to a retirement full of golf, skiing and travel. He will become a first-time grandfather in early May.
Mike is a graduate of the University of Scranton and has more than 20 years of industry experience. He served as a member of the executive committee of the Credit Union National Organization’s Operations, Sales and Service Council for six years.
Benefits Plus Adds Password Protection
Starting in mid-January, accessing the Benefits Plus website requires you to use a username and password. This modification will enable the Benefits Plus vendor partners to provide the greatest possible discounts to members since their offers will not be visible to the general public.
When you go to the Benefits Plus home page, click on the "Request a Password" link. A temporary password will be sent immediately to your e-mail address. Once you log in, you can reset your password.
Attend the 77th Annual Meeting
All members are invited to attend the Credit Union’s 77th Annual Meeting on Sunday, May 6, 2012, 1 pm, at the Pines Manor, Edison, N.J. The event includes lunch and important reports from senior management and directors. To sign up, please call the Credit Union at 1-800-222-1329. Please RSVP by April 13th. You must be the primary or joint owner of an AFCU savings account in good standing to attend.
2nd Chance Checking Gets You Back on Track
If you've been unable to open a Checking Account due to negative history in Checksystems, our new 2nd Chance Checking could be your solution. Plus, after six months of no NSFs, return items or negative balances, you may be able to move into our regular checking.
2nd Chance Checking has a $10 monthly fee and lower debit card and ATM withdrawal limits. The account has free services including online banking, bill pay, mobile banking and E-Statements.
To apply for an account, print out the Checking Account application. Once you submit the completed application, we will let you know if you qualify for the account.
2012 Scholarships Available
Graduating high school seniors are invited to apply for a 2012 credit union scholarship.
Our program is run in conjunction with the N.J. Credit Union League’s statewide program. Six $1,000 scholarships will be awarded at the state level. Three scholarships will be awarded to students attending 4-year colleges or universities and three scholarships will be awarded to students attending technical schools or community colleges. The top three graded applicants from Atlantic Federal who do not win at the state level will receive $1,000 awards from Atlantic Federal.
To qualify for the competition:
In addition to immediate family being eligible to open accounts, our expanded field of membership allows most individuals to join.
Deadline for scholarship entries is April 2. Print a Scholarship Application now or call the Credit Union. Completed applications should be sent to: Atlantic Federal Credit Union, 37 Market St., Kenilworth, NJ 07033.
U.S. Savings Bond Change
U.S. Savings Bonds can no longer be sold at banks and credit unions. Purchasers must now go directly to the Treasury website at www.treasurydirect.com. Members can still redeem Savings Bonds at any Credit Union office.
We'll Beat Any Used Car Loan Rate
We offer great rates and terms on used vehicles. In fact, as a qualified buyer, in the unlikely event that you find a better used car loan rate from a dealer or bank, bring it to us and we promise to beat it.
If you're in the market for a car, keep this in mind: With a used vehicle, the biggest chunk of depreciation has already occurred. And there are some good values on dealer lots or through private sales this fall.
Click here to read our CEO Fred Beckman's article that exposes scams dealers are notorious for: marking up the interest rate, loading the contract with hidden fees, talking you into a more expensive car than you can afford, baiting and switching and playing yo-yo with your contract.
We'll pre-approve you for a loan so you can walk into a dealer and just focus on buying the vehicle not the financing. Play it safe and smart; get your financing from AFCU.