April 2020 Newsletter

Get Set for Summer

No Credit Check Loans⁴ May 18 & 19

Fast $500

How to Qualify:

Be a member for at leastone (1) year
Account(s) must be in good standing (account balance(s) not negative, no delinquent loans)
Must show proof of income for at least 6 months
Completed loan application and $30 non-refundable application fee must be submitted at the time of application
Application fee will be waived for active duty military and dependents
Members with existing Fort Lee FCU personal loans are NOT eligible
Primary account holders only may apply; joint members must open their own account
Limit one Fast $500 per member
Existing Fast $500 Loan or Loyalty $1,000 Loans must be paid in full prior to qualifying for this promotion
Members with late payments on previous Fast $500 Loan(s) or Loyalty $1,000 Loan(s) are NOT eligible

Terms:

Term of six (6) months at 18% APR
Total of six (6) monthly payments: five (5) consecutive monthly payments of $100 and a final month payment of $29
Payments begin in June 2020

Out of state members:

Apply online May 18-21. Deadline for online applications is 4:30 PM ET on May 21. Loans will be funded by May 22, 2020.

Loyalty $1,000

Increase your loan limit to $1,000 if you’ve had 3 previous Fast $500 Loans with no late payments!

Details:

All Fast $500 qualifications apply
Limit one Loyalty $1,000 per member
Must have had three (3) previous Fast $500 loans with no late payments

Terms:

Term of eleven (11) months at 18% APR
Ten (10) consecutive monthly payments of $100 and one (1) final payment of $99
Payments begin in June 2020

Not able to come in May 20 - 21?

Apply online May 18-21. Deadline for online applications is 4:30 PM ET on May 21. Loans will be funded by May 22, 2020.

Consider a Lifestyle Loan² for Life's Big Events

Weddings
Kitchen/Bathroom Renovations
Voluntary Medical or Dental Procedures
Veterinary Expenses
HVAC Repair
Pool/Hot Tub Additions
Roof Replacement
Large Landscaping Projects
and more!

Rates start at 6.99% APR

Personal loan for small to medium projects
Quick application process and decision
Finance up to $25,000
Terms up to 84 months

Apply Today!

What You Need to Know About Refinancing Your Home

Why Refinance?

By refinancing and locking in a better rate on your loan, you could reduce your monthly payment and save thousands of dollars in interest over the life of your mortgage.

A lower interest rate also could allow you to build equity in your home more quickly. If you’re considering refinancing, your lender will run a copy of your credit report.

The Process

When you refinance, you close your existing mortgage and create a new one. The approval process to refinance is similar to the process of obtaining your original loan.

The specialists at Fort Lee FCU will consider your income and debt, credit score, and other factors affecting your financial situation.

Your new interest rate will be based on factors including loan term, program type, credit score, and loan to value ratio.

When considering a refinance, you also want to understand your break-even point. Weigh the costs of refinancing against how much you’ll save each month to know when you will recoup costs over the length of your new loan.

Items you may need to provide:

W-2 forms from previous two years
One month’s worth of most recent pay stubs
Two months’ worth of most recent
statements for checking and savings accounts
Copy of home insurance policy
Payment method for application deposit
Social Security numbers of all applicants
Additional items may be required

Contact us today at (804) 452-0736 to find out if refinancing could be right for you!

Message from the CEO: Living Our Mission

Our mission is to improve the lives of our members and build a stronger community. We’re proud to be able to do that in a variety of ways.

No Credit Check Loans

We have helped thousands of members since we started this program in 2012. These $500 or $1,000 loans can help members build credit as they are paid back on time every month. Many members have been able to finance vehicles or even homes after building their credit through a Fast $500 Loan.

Financial Education

At least once a month we offer free seminars, open to the community. Topics include home buying, budgeting, credit, retirement, and even tax filing. We also visit local schools to reach students with financial education at a young age. It’s our privilege to strengthen our community by spreading financial knowledge and confidence. Learn more about our education options.

Financial Counseling

Our Certified Financial Counselor meets with members to set up individualized budget, credit, and debt management plans. Members receive personalized recommendations and support to improve their financial wellness. The services our counselor provides can be truly life-changing, and are offered at no cost to our members.

CU@WORK Program

Through our CU@WORK program, our staff travels to local workplaces to provide education and financial services. The program provides employees with knowledge and tools to improve their financial wellbeing, from the convenience of their workplace.

These are just a few of the ways we impact our members and community. More exciting initiatives are in the works, so be on the lookout!

We appreciate your membership and the opportunity to serve you,
Patsy Stuard, CEO

Membership Has its Rewards

Your credit union membership is about the trust and care of community, built around where you live, work and play. That’s why Fort Lee Federal Credit Union membership saves you money through exclusive member-only offers through our trusted partners. Through Love My Credit Union Rewards, credit union members have saved over $2 billion with offers like:³

Credit union members get $200 when you switch to Sprint! Plus, $100 Annual Loyalty Cash Rewards and 25% off select accessories in Sprint retail stores.
Members save on SimpliSafe, the #1 expert pick for home security.
Save 30% on premium identity protection from Financial Lock.
Save on car maintenance + get $10 off your first service using CarAdvise.
Fort Lee Federal Credit Union members can save big with exclusive discounts from the TruStage Home & Auto Insurance Program.

Learn more at LoveMyCreditUnion.org

Annual Meeting Postponed

The health and safety of our members and staff is a top priority. Due to current concerns about coronavirus (COVID-19), our annual meeting, originally scheduled for April 18, will be postponed. Thank you for your understanding. Please be on the lookout for further updates.

Fort Lee FCU now serves Central Virginia!

We’re excited to announce that we have further expanded our field of membership to include 14 counties and four cities in Central Virginia! We will continue to pursue our mission of building a stronger community by providing valuable, cost-effective financial services to our members.

Membership is now open to those who live, work (or regularly conduct business in), worship, or attend school in these localities:

Amelia
Charles City
Chesterfield
Colonial Heights
Dinwiddie
Goochland
Hanover
Henrico
Hopewell
King and Queen
King William
New Kent
Nottoway
Petersburg
Powhatan
Prince George
Richmond
Sussex

Share the news with friends, family and neighbors!⁴

Learn more

Holiday Closings

Memorial Day: Monday, May 25
Independence Day: Saturday, July 4

This credit union is federally insured by the National Credit Union Administration.

1) No Credit Check Loan offers valid 5/18/20 through 5/21/20. Contact a Fort Lee FCU loan officer for full details.

2) Credit qualifications apply. Rate and term you receive is determined by credit qualifications. Not all applicants
will qualify for the lowest rate. Loan value up to $25,000. 6.99% is applicable on a Lifestyle Loan for terms up to 84 months. Terms up to 84 months available depending on amount borrowed. Ask a loan officer for more
information. A loan example: $25,000 financed at 6.99% APR for 84 months gives a monthly payment of $378.00.

3) Limited time offers. Activ. Fee: Up to $30/line. Credit approval req. Cash Reward Offers: Phone lines only w/ 1 line on Unlimited Plus or Unlimited Premium plan. Avail. for eligible credit union members & member employees. $100/line, max 2 lines. Req. activ. at point of sale. Excl. prepaid & ports made between Sprint or related entities. Limit 1 Sprint Perks Corp ID per acct. No add’l. discounts apply. Loyalty Reward: $100/acct./yr. when acct. remains active and in good standing each yr. Transfer Reward: Existing Sprint customers who validate or transfer to the Sprint Cash Reward Program are eligible for a $100/acct./yr. deposit on 12 mo. anniversary. Deposit: Cash Reward issued by CU Solutions Group. Sprint acct. must remain active and in good standing for 31 days to receive Cash Reward. Allow 8-10 wks. for Cash Reward to be deposited to your Credit Union acct. If the Cash Reward does not appear after 10 wks., visit lovemycreditunion.org/reward-tracker. Satisfaction Guarantee: Call us to deactivate & return to place of purch. with complete, undamaged phone/device & receipt w/in 30 days of activ. We’ll refund your phone/device cost, svc. charges & activ. fee. Excl. int’l. usage not incl. in plan, prem. content & 3rd party billing. We’ll refund your phone/device cost. Sprint dealer may impose add’l. fees. A $45 restocking fee may apply. Visit sprint.com/returns. Other Terms: Offer/coverage not avail. everywhere or for all phones/networks. May not be combinable with other offers. Accounts that cancel lines within 30 days of activating on promo pricing may void savings. Offer, terms, restrictions, & options subject to change & may be modified, discontinued, or terminated at any time without notice. Restrictions apply. © 2019 Sprint. All rights reserved. Sprint & the logo are trademarks of Sprint. Other marks are the property of their respective owners.

4) Account opening includes non-refundable membership fee of $1, plus $25 savings deposit refundable at account closing. Contact the credit union for more details.