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Looking to buy a new or new-to-you used vehicle? There is no better time than now with rates dropping as low as 4.99%(based on term and credit score). If you have a current car loan financed elsewhere please give Carol or Darla a call to see if maybe we can save the amount of interest you pay by lowering your rate as well as giving you a lower payment. Weekly or bi-weekly payroll deduction is also encouraged as this allows you to pay your loan off early and save even more interest by doing so. Don't put this off-we can help you!
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*Check our "Hot off the Lines" on our website at www.bangorhydrofcu.com
*Our mailing address is 115 Mecaw Rd., Hampden,ME 04444-1944
*We are open until 5:00 each night Monday-Friday
*You have until April 15th to make a deposit to a ROTH or Traditional IRA for 2007
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Please let us know when there is a new baby in your family and we'll gladly make the opening deposit of $5.00 to his or her account.
Genevieve R Rios-Mallett Christina and Nixon
Codie M Cole-Dawn Brown
Ryley D Cole-Dawn Brown
William Deveau-Peggy & Roger Kennedy,grandparents
Noah James Moriarity- Jesse & Tim
Riley Robert Dunton- Tanya & Joseph
Cameron Joseph Dunton- Tanya & Joseph
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Memorial Day
Closed Monday, May 26,2008
Independence Day
Closed Friday, July 4,2008
BEST WISHES TO ALL OUR MEMBERS IN 2008
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TO REPORT A LOST OR STOLEN VISA*
TO REPORT A LOST OR STOLEN VISA* CHECK CARD CALL 1-800-472-3272!
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As an important FYI to you, if you have an open-end mortgage loan with the credit union and you pay on it weekly or send extra money in with your regular payment, you do not "pay ahead" as you do with your regular consumer loans or closed-end mortgage loans. Open-end mortgage loan payments must be paid each month regardless of any "extra" amount you have applied to the loan in the past. Of course, if you pay extra at any time it lowers the principal balance which saves you interest over the term of the loan. Please call Carol or Darla if you have any questions about this information.
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Darla King- June 1st celebrates 30 years
Deirdre Cahill-Flagg- June 5th celebrates 8 years
Tina Morrill- June 20th celebrates 3 years
Congratulations to all of you!!!
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BANGOR HYDRO FEDERAL CREDIT UNION
115 MECAW RD
HAMPDEN, MAINE 04444
(207)945-6264 * (207)945-6411
1-800-974-4475
FAX (207)941-1145
TELLER-PHONE 1-866-308-2042 * 207-945-5350
E-MAIL:darla@bangorhydrofcu.org
E-MAIL:carol@bangorhydrofcu.org
Web Site:www.bangorhydrofcu.com
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Children are our future! Bring your child into the office to see us during Youth Week from April 21-25 and he/she will receive a gift from the credit union. This would be a terrific time for you to open a savings account for your child if he/she does not already have one. Small weekly or bi-weekly deposits through payroll deduction can really add up since before you know it you will be sending your child off to college and the money will come in very handy!
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SOCIAL RESPONSIBILITY CORNER
The credit unions of Maine raised an outstanding $366,575.80 total for the year 2007 Maine Credit Unions Campaign for Ending Hunger! We want to thank all our members who contributed by buying raffle tickets, Christmas CD's, air freshners, candles, cookbooks and a variety of other items. With your help we were a top-25 per member contributor this past year which says a lot about the generosity of our members. Thanks again for helping to feed those less fortunate!
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Donna Peirce won the box of chocolates in our annual Valentine raffle drawing. We want to thank Carol McLaughlin for donating the chocolates!
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The credit union's 42nd Annual Meeting will be held Wednesday May 14,2008,5:30 PM at the NEW credit union office. Join us for light refreshments, socializing and reporting from the people you authorize to make decisions regarding the direction that your credit union takes. There are 3 seats available on the Board of Directors and one seat available on the Supervisory Committee. Please call Carol McLaughlin at 945-3500(or 1-800-974-4475) or Ron Roy at 941-6638 if you would like your name placed on the ballot. If you want to find out more about how the Board or Supervisory Committees work, please give Darla King a call at 945-9140.
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To find the location nearest you and their operating hours, call 1-800-919-2872 or search online at www.mainecul.org. You can also go to our website www.bangorhydrofcu.com and click on Shared Branching. Put in any town or city in the US and it will come up with locations for you to use when you are on vaction or relocating to a new area. You can always keep your accounts active with us when you have shared branching(along with our home banking, Members On-Line and Teller Phone) as a backup to our physical location
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Have you signed up for CU e-statements yet? Our statements end as of the last day of the month. If you sign up for CU e-Statements you will be able to view and/or print your statement within a day or two after the close date. You can sign up online by clicking on the CUe-statement section or you can call us and we can set you up through our office. Please take advantage of this added convenience offered by the credit union!
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What helps your FICO score?
Pay down or pay off your credit cards. Reducing revolving debt is always good.
Keeping credit accounts active. Even if you pay off you account, don't close it because it will reduce your borrowing capacity and lower your score.
Make payments on time. If you have trouble making timely payments, you may want to consider automatic payments.
Open new accounts judiciously. It's o.k to open a new account now and then, but your credit score will suffer if you open a rash of new accounts.
Keeping a sterling credit history. Recognize that you build a solid credit history over time and strive to practice good money management skills. You can make up for past mistakes, but you need to keep from repeating them to ensure your credit score is the best it can be.
Recent activity is key! If you have made late payments in the past or have made other decisions that have compromised your credit score, take heart in the fact that your most recent transactions will affect your score more that past ones. As you continue to pay bills on time, those past transgressions will become less of a factor.
Here's the approximate credit score weight for each year:
Current 12 months = 40%
13-24 months = 30%
24-36 months = 20%
37 month or more = 10%
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Member Appreciation Corner
As a credit union we are always thinking of ways to recognize our current membership. Our staff has developed a program that we feel will have great rewards for you, our members. Every quarter there will be a drawing for $100 which will be categorized by age group. For instance the first category we will be recognizing is the well established members consisting of individuals that are in the 55 and up. All that needs to be done to be placed in this drawing is fill out the coupon below and either drop it off or mail it in to the office at 115 Mecaw RD, Hampden, ME 04444.
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MEMBER APPRECIATION DRAWING
NAME______________________________________________________________
ACCOUNT#__________________________________________________________
PHONE#____________________________________________________________
Drawing this quarter for those 55 and older.
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Be watching for more information on our Spring B-B-Cue to be held here at the credit union in May(date to be announced)for all current and potential members.We hope to see you there to enjoy some fun!
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