CONNECTIONCUWinter2017

In This IssueBack to BASix

•Scholarships Available for Youth Members

•A Personal Financial Security Review

•Timely Tax Tips

•Don’t Forget to Open your NSWC FCU Mail

•Youth Saves

•2017 Annual Meeting

•Attention VISA Credit Card Holders

•Text Banking

•The “It’s Too Cold to Make Payments” Loan

US Navy historians estimate that during World War II, 6,720 Navy and Marine officers and enlisted men drowned. Many of those drowned during the D-Day invasion when their transports dropped them too far from the beach in water more than six feet deep. Even if they could swim, their pack of supplies weighed over 60 pounds and packs back then didn’t have the “quick-release” gadgets we see now. This tragic fact was one of the reasons many colleges in the US implemented a swim test requirement for graduation. Not that anyone could actually swim with a 60 pound pack on their back but the ability to swim was deemed a reasonable way to minimize unnecessary deaths. Most colleges have dropped the swim requirement because most students have access to swim classes at community pools. I find this fact ironic because we have ever increasing college graduates drowning almost immediately after graduation. They aren’t being dropped in deep water with a heavy pack on their backs but they are being dropped into an increasingly complex financial world with a heavy load of student debt on their proverbial backs. And the schools are not teaching them the basics of how to manage their financial lives.

• Whiz Kidz Savingz for kids up to 8 years old.• Young Executives Savings (YES) for kids between 9 and 15 years old.• Teens in Transition (TNT) for young adults between 16 and 17 years old.

To help our members and their children prepare for the world, NSWC FCU will be introducing a suite of progressive youth accounts in the upcoming new year; designed to grow our young member’s financial sophistication. These accounts will offer very attractive interest rates and rewards for achieving age appropriate financial milestones. Parents/guardians will be required to be joint owners on these accounts and the credit union will also provide a parent newsletter designed to help parents help their kids.

Look for details on these accounts in the coming months and let us help prepare your kids for their future.

Bruce A. Six, CEO Feel free to email Bruce at Bruce.Six@NSWCFCU.org.

Back to BASix

Daylight Saving Time begins Sunday,

March 12 at 2:00 a.m. Remember to set your clocks ahead one hour

before you go to bed Saturday night.

DAYLIGHT SAVING TIME

Reminder

NSWC Federal Credit Union awards four scholarships to graduating high school seniors who are members of the Credit Union. In order to be eligible for the scholarship, each student must complete a brief application and write a 300 – 500 word essay about: “How I Plan to Help Others by Furthering My Education.”The application and essay must be received by March 31, 2017. Entries are judged independently outside the Credit Union. Scholarship winners will be announced in June 2017. Winners will be notified by email. The scholarship funds will be sent to the college or university in the name of the student and must be used within one year.

Applications and scholarship information are available online atwww.nswcfcuonline.org/scholarships.

Scholarships Available For youth members

Your Earning Power – Your earning power is your ability to earn an income. This is your most valuable asset. Few people realize that a 30-year old couple will earn 3.5 million dollars by age 65 if their total family income averages $100,000 for their entire careers, without raises.

In order to provide for themselves and their families, as well as protect the way they live, most people want to provide for one or more of these personal financial security needs…

Protecting Your Family’s Future – How will your family replace your earning power in the event you die prematurely? When an income earner dies, income goes down but family expenses tend to stay about the same and social security was never intended to fully cover the living costs of your surviving dependents.

Preparing for Your Retirement – What will happen to your standard of living when your earning power ceases at retirement? If sufficient retirement income is not available, will you defer your retirement age, or will you reduce your standard of living?

Providing for Your Child’s Education – How much of your earning power will be available to help pay for your child’s education? Do you expect to pay college costs out of current income, or do you want to accumulate part of those funds before they are needed?

Preparing for Disability – If you are sick or hurt and unable to work, how will you replace your earning power? How much money would you need after taxes to pay your basic living expenses if you were sick or hurt and could not work?

Making Your Home Debt-Free – How much of your earning power will be spent on unnecessary mortgage interest? Paying your mortgage off early can save tens of thousands of dollars in interest costs.

Planning Your Estate – Have you made plans to have funds available to pay estate settlement costs at your death? Is your will up-to-date?

Which of these needs would be your top priority? You may consider a four-step process…

Step 1 – Analyze Your Current SituationStep 2 – Identify and Prioritize Financial GoalsStep 3 – Develop and Implement a PlanStep 4 – Review and Update Your Plan on a Regular Basis

Please contact one of the Financial Services Professionals at NSWC Financial Services for a review of your Financial Future (540) 361-2216

CONTACT US for your Financial Planning needs:

(540) 361-2216

2004 Augustine AvenueFredericksburg, VA 22401

Hours by appointment

NSWC Financial Services is not a bank or credit union, not insured by any federal government

agency, not guaranteed by any bank or credit union, not FDIC or NCUA insured. May go down in value.

www.NSWCFinancialServices.com

Securities, investment advisory and financial planning services offered through qualified registered representatives of MML Investors Services, LLC Member SIPC, www.sipc.org Supervisory Office: Overlook 1, 4880 Sadler Road, Suite 110, Glen Allen, VA 23060-6151, Tel: 804-346-1011. NSWC Financial Services is not a subsidiary or affiliate of MML Investors Services, LLC or its affiliated companies - CRN201811-206688

• NOT A BANK OR CREDIT UNION DEPOSIT OR OBLIGATION

• MAY GO DOWN IN VALUE • NOT INSURED BY ANY FEDERAL

GOVERNMENT AGENCY

• NOT FDIC OR NCUA INSURED• NOT GUARANTEED BY ANY BANK

OR CREDIT UNION

A PERSONAL FINANCIAL SECURITY REVIEWWhat are Your Personal Financial Security Needs?

TAX TIPStimely• WATCH YOUR MAILBOX FOR TAX FORMS. Tax time is right around the corner, which means your

tax forms will soon be on their way. If you earned $10 or more in dividends or paid at least $600 in interest on credit union mortgages, you should receive an IRS Form 1099 or 1098 in the mail. Please keep these forms for your tax preparation. If you feel you should receive one or both of these forms but don’t, please contact the Credit Union.

• FILE YOUR TAXES THE SMARTER WAY AND SAVE ON TURBOTAX. You don’t need to be a tax expert to get your taxes done right. With TurboTax, everything is translated into easy questions about your life and then put into the right forms for you. Plus, as an NSWC member, you get great discounts on TurboTax products. Simply visit www.nswcfcuonline.org and click the TurboTax link to get started today.

• SPEED UP YOUR TAX REFUND. Did you know the best and fastest way to get your tax refund is to request Direct Deposit? Rather than waiting the expected 4 to 6 weeks for a paper check to be processed and mailed to you, you can have your refund electronically deposited right into your financial account in as little as 10 days!

Simply complete the Direct Deposit line on your tax form and be sure to include your NSWC account number and our routing number, 251480398. If you have any questions along the way, just give us a call and we’ll be happy to assist you. Tip: You can even choose to have your refund split into multiple accounts!

FILE ON TIME. The IRS tax filing deadline is Tuesday, April 18, 2017.

-FROM NSWC

The 2016 Annual Meeting is just around the corner, and all members are invited to attend. We hope you will join us to learn more about your credit union.

April 18, 2017 3:30 P.M. – DOORS OPEN • 4:00 P.M. – MEETING BEGINS

KING GEORGE CITIZEN CENTER The NSWC Federal Credit Union Nominations Committee has nominated two members to fill two open positions on the Board of Directors. Nominations may also be made by petition. Please contact the credit union for the specific requirements to make a nomination by petition. The deadline for submission is Monday, February 6, 2017 at any of our branches.

NOMINEES (listed alphabetically):

» Jessie Miller, Sr. – has been a member of the Credit Union for 46 years. He currently resides in Ft. Washington, Maryland. Mr. Miller has been a member of the Board of Directors for thirteen years and currently serves as the Secretary of the Board.

He is originally from Rocky Point, North Carolina where he attended N.C. AT&T University, and earned his B.S. Degree. He attended various other universities where he pursued advanced studies in management, engineering, leadership and organizational development.

After 34 years of service, Mr. Miller retired from Naval Surface Warfare Center in Dahlgren, where he supervised over 100 scientists, engineers and technicians.

» Barry Mohle – has been a member of the Credit Union for 34 years. He currently resides in King George, Virginia. Mr. Mohle is currently a member of the Board of Directors and serves on the Technology Committee as well.

He is originally from Johnstown, Pennsylvania where he attended Williamsport Area Community College and received an A.S. Degree in Forestry. He earned his Bachelor’s Degree from the University of Pittsburgh.

Currently, Mr. Mohle serves as a Department Head at NSWCDD, where he has been employed for 34 years. In his spare time, he enjoys golfing, playing basketball, and spending time with his family.

To qualify for the 5% *annual percentage yield, you must provide a valid, government issued photo ID or the social security numberfor minors. For minors, a parent or legal guardian must be joint on the account; custodial accounts allowed. At age 20 the balance will transfer to the prime share account. Deposits over $500.00 will earn the regular share savings rate and this rate may change after the account opening. Dividends compounded and credited quarterly. Federally insured by the NCUA.

NSWC FederalCredit Union

www.NSWCFCUonline.org

YOUTH $AVES

19 years and younger!5%APY* On the first $500 deposited

No monthly service fees$1 Opening deposit$1 Minimum balance

BOARD NOMINATIONS-AND-

AnnualMeeting

We realize you receive a lot of mail, and NSWC Federal Credit Union is frequently included in that pile of envelopes.

In order to avoid missing important notices, statements, credit union information and other essential messages, please open any envelopes you receive from us.

We try not to send excessive promotional materials and when we do, they generally come in the form of postcards or newsletters. Please be aware that any information about you or your account(s) will be sent in envelopes for your account protection.

Thank you for taking the time to review the mail we send you!

Don’t Forget to Open Your NSWC Federal Credit Union Mail!

CUATTENTION VISA

We appreciate your patience and understanding as we improve our processes to better serve you!

THE GOOD STUFF:• You will be able to make quick and easy internal

transfers/payments to your credit card using online banking!

• Your new card will have a fresh new look!• The card will contain secure, chip-enabled card

acceptance technology (EMV)!• You will see your credit card information (i.e.

payments, purchases) via online banking in the same section you see your loans and accounts!

• You will have the option to process cash advances from online banking—no need to come into a branch or use an ATM!

• You can set up and cancel automatic transfers to your card at any time through online banking!

• Your credit card statements will be available on your Online Banking account under ‘e-statements’!

• Cards can be activated by phone or at www.activatemycards.com.

• To register your card, you must enter the following:• Last 4 digits of PRIMARY applicant’s SSN• Date of birth for PRIMARY applicant

H O L D E R S

• If you hold a NSWC FCU VISA credit card, Verified by VISA can provide an extra layer of protection for you when you are shopping online.

• This is a security system that tells online retailers, credit unions, and banks that you are a genuine card holder when you are shopping online. It allows you to use a personal password to confirm your identity and protect your VISA card when you use it on the internet, providing you with greater reassurance and security. Check out our website for more information: www.nswcfcuonline.org/cards

• This is a FREE service—when enrolling, you will need to enter the last 4 digits of your SSN and your date of birth. Not all merchants participate in Verified by VISA.

VISA, Verified by VISA and 3-D Secure are registered trademarks or trademarks of Visa Inc. in the United States and other countries.

• Falcon is the system we use to monitor our member’s debit and credit card activity to help detect and prevent fraudulent activity. This system stores and memorizes your shopping behavior and when an unusual transaction occurs, an alert is generated. We will make an immediate attempt to contact you to verify recent transactions. If we are unsuccessful in reaching you, your card may be temporarily suspended until we are able to reach you. For this reason, it is very important that your contact information with us remain current.

• With your new card, Falcon will need to learn your shopping behavior again, as you will be issued a new card number. Please call us at (540) 663-2181 before January 23rd should you need to update your contact information.

• Your new card should arrive between January 16th-20th.

• If you have an automatic payment currently setup through EZCardinfo, you will need to setup a new automatic transfer through our online banking (nswcfcuonline.org) on or after January 23rd.

• The address for payments will be P.O. Box 966 Dahlgren, VA 22448

• For automatic payments set up from another institution, you will need to change the card number and payment address.

• You will stop using your old card on January 23rd and begin using your new card on that date.

• Once you receive your new card, you should provide the card information to any merchants/creditors for recurring automatic debits you may have set up.

• If you have a Home Equity plan, convenience checks will no longer be issued for these accounts, however you can simply transfer funds to a checking account or request a FREE Official Check.

WHAT YOU NEED TO KNOW & DO:

VERIFIED BY VISA:

FALCON:

CREDIT CARD

ACTIVATION:

In order to improve your member experience, on January 23, 2017 we will be converting our credit card system from an external credit card vendor to an in-house processing credit card system.

DUE TO THIS TRANSITION, ALL ACTIVE CREDIT CARDS IN GOOD STANDING WILL BE REISSUED.

CU

• Login to Home Banking• Go to Settings and choose the Text Enrollment tab. • Click  ON, to enable my accounts for use on my text device.• Enter the phone number you would like to use to receive/send

text messages• Agree to Terms*• Click Submit

After you have completed the enrollment steps, click OK and follow these steps:

• Go to Settings then Account Preferences and click Text at the top of the page.

• MUST enter display name for each account you wish to access via Text Banking - 4 characters max. Example: CHK1, SAV1 (CHK for Checking Account,1 for Main; SAV for Savings Account, 1 for Primary Savings, etc.) (It is important you remember the display names you enter; you will only be able to perform transfers using these names.  You will not be able to type in your account number and account type within text banking.)

• Check the box next to the accounts that you wish to Enable.• Click Submit

• Your mobile number may only be used for one member account number.

• Nicknames and commands are NOT case-sensitive (you can use capital and/or lowercase letters in whatever combination you want).

• You must use the nicknames you entered in your online banking settings (not the account type, like S0011).

• The most common reason for an error message is not checking the “Enable” boxes next to each account in Step 2.

• You must enter spaces between commands, nicknames, and amounts (as in the examples above). Without these, the system will return an error.

ENROLL: PERFORM TRANSACTIONS:

ENABLE ACCOUNTS:

QUICK TIPS:

Text banking will allow you to get balance information and transfer funds within your account using text message commands. This service does not require an app and works on all phones. It offers a quick and easy way to perform

common banking functions without having to log in to Home Banking.

* Message and data rates may apply from your wireless carrier.

TEXT COMMAND EXAMPLE ACTION

BAL BAL Returns account balances for all enabled accounts

BAL <space> <nickname>

BAL CKG Returns account balance for the CKG nicknamed account

HIST <space> <nickname>

HIST SAV Returns most recent 10 transactions on the SAV nicknamed account

XFER <space> <from nickname> <space> <to nickname> <space> <amount>

XFER CKG SAV 1.23

Transfers $1.23 from CKG nicknamed account to SAV nicknamed account

HELP HELP Returns info on where to get text banking support

LIST LIST Returns a list of available commands (those listed here), with brief descriptions on how to use them.

Do you know you can access your account from any phone with Text Banking?

TEXT BANKING...QUICK, EASY & FREE!

To perform transactions, just submit a Text Command to 226563.

P.O. Box 519 Dahlgren, VA 22448

PRSRT STDU.S. Postage

PAIDCUAdvantage

LocationsDahlgren/King GeorgeNaval Support Activity South Potomac17442 Dahlgren Road

Plaza Branch5472 James Madison Parkway

PHONE NUMBERS(540) 663-2181 Fax (540) 663-5779

FredericksburgAugustine Branch2004 Augustine Avenue

Southpoint Branch5422 Southpoint Plaza Way

PHONE NUMBERS(540) 373-5127 Fax (540) 370-1774

Mailing AddressP.O. Box 519 Dahlgren, VA 22448

Holiday Closings

MARTIN LUTHER KING JR. DAY

Monday, January 16

PRESIDENTS’ DAYMonday, February 20

THE “it’s t� cold to LOANmake payments”

60 days

refi � buy and enjoy NO auto loan payments f�

*For auto loans opened between 01/01/17 and 03/31/17 no payment due for the �rst 60 days. Finance charges during the no-payment period will continue to accrue at the rate provided in your NSWC Federal

Credit Union loan agreement and will be deducted from the �rst loan payment remitted. Re�nance of existing NSWC Federal Credit Union Loans are not eligible. O�er applies to loan applications submitted by

March 31, 2017. All loans are subject to approval and rates may vary depending upon individual credit history and underwriting terms. All Credit Union loan programs, rates, terms and conditions are subject to

change at any time without notice. Indirect loans are not eligible for this promotion. Contact the Credit Union or visit www.nswcfcuonline.org for complete details. Federally insured by NCUA.

*

www.nswcfcuonline.org

THE “it’s t� cold to LOANmake payments”

60 days

refi � buy and enjoy NO auto loan payments f�

*For auto loans opened between 01/01/17 and 03/31/17 no payment due for the �rst 60 days. Finance charges during the no-payment period will continue to accrue at the rate provided in your NSWC Federal

Credit Union loan agreement and will be deducted from the �rst loan payment remitted. Re�nance of existing NSWC Federal Credit Union Loans are not eligible. O�er applies to loan applications submitted by

March 31, 2017. All loans are subject to approval and rates may vary depending upon individual credit history and underwriting terms. All Credit Union loan programs, rates, terms and conditions are subject to

change at any time without notice. Indirect loans are not eligible for this promotion. Contact the Credit Union or visit www.nswcfcuonline.org for complete details. Federally insured by NCUA.

*

www.nswcfcuonline.org

*For auto loans opened between 01/01/17 and 03/31/17 no payment due for the first 60 days. Finance charges during the no-payment period will continue to accrue at the rate provided in your NSWC Federal Credit Union loan agreement and will be deducted from the first loan payment remitted. Refinance of existing NSWC Federal Credit Union Loans are not eligible. Offer applies to loan applications submitted by March 31, 2017. All loans are subject to approval and rates may vary depending upon individual credit history and underwriting terms. All Credit Union loan programs, rates, terms and conditions are subject to change at any time without notice. Indirect loans are not eligible for this promotion. Contact the Credit Union or visit www.nswcfcuonline.org for complete details. Federally insured by NCUA.

THE “it’s t� cold to LOANmake payments”

60 days

refi � buy and enjoy NO auto loan payments f�

*For auto loans opened between 01/01/17 and 03/31/17 no payment due for the �rst 60 days. Finance charges during the no-payment period will continue to accrue at the rate provided in your NSWC Federal

Credit Union loan agreement and will be deducted from the �rst loan payment remitted. Re�nance of existing NSWC Federal Credit Union Loans are not eligible. O�er applies to loan applications submitted by

March 31, 2017. All loans are subject to approval and rates may vary depending upon individual credit history and underwriting terms. All Credit Union loan programs, rates, terms and conditions are subject to

change at any time without notice. Indirect loans are not eligible for this promotion. Contact the Credit Union or visit www.nswcfcuonline.org for complete details. Federally insured by NCUA.

*

www.nswcfcuonline.org