eNewsletter July - September 2012 The Newsletter for Austin Telco Federal Credit Union Members

In This Issue Dormant Accounts • Dormant The State of Texas requires by law that financial institutions track Accounts dormant accounts. These are accounts on which we have had no ac- tivity or contact with the account holder for a period of time. It will vary depending on type of account or product. In most cases, this • Member Only means that Austin Telco must consider your account as dormant if we have not recorded a transaction or contact from you within 3 Discounts years. If Austin Telco has recorded no transactions or contact with a member for 3 years, the state requires that we close the account and send the funds to the Unclaimed Property Division of the Texas State Comptroller’s office. • Investment Services Seminar Unclaimed Property Periods Accounts, certificates of deposits: 3 years Safe deposit box contents: 5 years

The period of abandonment for matured certificates of deposit is three years. The aban- • Member Account donment period begins on the day following the first maturity of the certificates - that is, Verification the day following the end of the first term. Thus, abandoned certificates of deposit must be reported three years from the dates the owners were first able to recover the funds without penalties. Automatically renewable certificates of deposit have the same reporting • New features to criteria as other certificates of deposit. the APP Individual retirement accounts (IRAs) have an abandonment period of three years, which begins on the mandatory distribution date of the Required Minimum Distribution (RMD). Under federal law, the mandatory distribution date is April 1 of the calendar year follow- ing the calendar year in which the owner of the IRA reaches age 70½. Mark Your Preventing your account from becoming Dormant Calendars To prevent your account from being flagged as dormant, please initiate a transaction on All ATFCU will be your account (the amount and type of transaction does not matter – dividend postings do closed in obervance of: not count) at least once every 3 years. If your account has been flagged as dormant, but not yet closed and submitted to the Independence Day state, you may contact Austin Telco directly at 512-302-5555 ext. 7194 to remove the Wednesday, July 4th dormancy flag.

Labor Day Monday, September 3rd Home Equity Loans as low as

*Annual Percentage Rate. All rates are expressed Columbus Day 5 years %* “as low as”. Actual rate may vary depending on Monday, October 8th credit qualifications. Rates and terms are subject fixed 2.99 to change without notice. Federally insured by the NCUA. Austin Telco NMLS #422857 Statistically Member Only Discounts Speaking Planning a summer trip or weekend getaway? If so, take advantage of special discounts available only to As of May 31, 2012 Austin Telco members! Our discounts apply to the following attractions: Number of Members 71,290 • Seaworld San Antonio • Schlitterbahn Number of Checking Accounts • Fiesta Texas 38,982 • Six Flags Capital $107,368,190 To learn more about theme park tickets visit our website atfcu.org. Loans $369,815,059 Investment Services - Educational Seminar Deposits $1,124,008,628 Please join us for an Educational Lunch & Learn on Assets $1,236,908,577 The Importance of Insurance Protection Presented by Summit Alliance Financial, LLP New Features Thursday, September 20th • 12:00 pm- 1:30 pm Shoal Creek branch, 1st floor training room for The APP 8929 Shoal Creek Blvd. Austin, TX 78757 Coming Soon! For questions, or to RSVP please call Amira Kalifa at 512.407.3114 or email at akalifa@swbc.com

Member Account Verification NOTICE TO MEMBERS

The Supervisory Committee has engaged CliftonLarsonAllen, LLP Certified Public Austin Telco will be intro- Accountants, to complete the annual audit of ducing two new features Austin Telco Federal Credit Union. In con- to the App that will enable junction with the audit, the auditors will select members to easily pay bills a sample of members share and loan accounts to verify the account balanc- and deposit checks from es directly with account owner by letter. If your account has been selected their smartphones. Bill pay as part of the auditing process, you will receive a letter from Clifton Larson will allow members to pay Allen, LLP requesting information on a designated account. existing payees directly from their mobile device. The check deposit feature will al- Auto Loan Rates low members to capture and as low as deposit checks from their smartphone or tablet. Up to %* Go to our website 60 Mo. www.atfcu.org to download *Annual Percentage1.99 Rate. All rates are expressed “as low as”. Rates and terms are subject to change the app. without notice. Actual rate may vary depending on credit qualifications. Contact Information

Mailing Address Email Contacts

Austin Telco Federal Credit Union General Mailbox: [email protected] 8929 Shoal Creek Blvd Questions, Comments, concerns: [email protected] Austin, TX 78757 MemberConnect Help: [email protected]

Phone Numbers Department Extentions

Austin Metro Area: (512) 302-5555 Bookkeeping: 7190 Toll Free: (800) 252-1310 Loan Department/Member Services: 7194 Administrative Office: 7000 Regular 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, Lakeway, Cedar Park, Buda, Stone Hill, Tech Ridge, Taylor, Lockhart and University Oaks Member Account Verification Management Board of Directors

James D. Poplin, President/CEO R.B. Smith, Chairman Robert Hernandez, Sr. VP, Finance/CFO Joyce Howell, Vice Chairman Tony Rawls, Sr. VP, Lending/CLO Paul Paulsen, Treasurer Karen Smith, Sr. VP, HR & Branch Operations Charlene Spillmann, Secretary Brett Watkins, VP, Information Technology Joyce Askins, Membership Officer Raye Anne Cawthon, VP, Accounting Larry Lantrip, Security/Safety Officer Jim Howey, VP, Lending Don Adams, Board Member Pamela W. Cotton, VP, Member Services Kathleen Miller, Assistant VP, Administrative Services Supervisory Committee Sandie Peña, Assistant VP, Branch Operations Christopher Mraz, Assistant VP, Information Technology Steve Read, Chairman Larry Lee, Secretary Liz Heiling, Member Larry Lantrip, Board Liaison eNewsletter Editor Katrina Delgado, Marketing Director

Federally Insured by NCUA