Show:
NOFFCU Facts
NOFFCU Savings
NOFFCU Loans
Industry Facts
More NOFFCU Facts
100
1934
What year was NOFFCU started?
100
$5.00
What is the minimum amount required to open a savings account?
100
120% including tax, license, MBI, and GAP insurance
What is the maximum LTV we will loan on an auto?
100
Not all credit unions are federally insured by the NCUA. A few states allow credit unions to only have private insurance. All federal credit unions (those with federal in the name) are federally insured by the NCUA. There are a few state-chartered credit unions in certain states that are covered by only private deposit insurance.
If a credit union has the word federal in its name, what does that mean?
100
1-877-297-4707
What is our toll-free number
200
$104 million
What is PSFCU's asset size
200
$4.00
What is the monthly fee on our Interest Bearing checking account if the balance falls below $400?
200
Holiday Dough Loan
What loan promotion do we make every November?
200
A credit union is a not-for-profit financial cooperative, owned and controlled by the people who use its services. These people are members. Credit unions serve groups that share something in common, such as where they work, live, or go to church. Credit unions exist to provide a safe, convenient place for members to save money and to get loans at reasonable rates.
What is a credit union?
200
SPRIG. It is part of our shared branching network that allows member to transfer funds from one credit union to another in addition to normal mobile banking functions. The cost to the member is free.
What is our mobile banking program called and how does it work? What is the fee?
300
Pasadena Schools FCU
What our name before it was changed?
300
$1,000 (expect for the college fund certificate which is $100)
What is the minimum amount required to open a certificate account?
300
10 year draw period and then the remaining balance is amortized over 15 years.
What are the terms for an Equity Line of Credit (HELOC)?
300
They are: • Member-owned. • Democratically-controlled. • Not-for-profit; credit unions don’t make money for anyone but their members. • Supporting social and community programs to improve the quality of life for everyone.
What are the differences between banks and credit unions?
300
10,139 as of September, 2012
How many members do we have today?
400
Bill Hyland
What is the name of our Chairman of the Board
400
Traditional IRA contributions are taxed deferred until you start withdrawing the funds at retirement. Roth IRA contributions are taxed now but are not taxable at retirement when you start withdrawing funds.
How are Traditional and Roth IRA's difference from a taxation standpoint?
400
GAP, MBI, and Life/Disability Insurance.
Name three add-on products we attempt to sell on each auto loan?
400
Early in the history of credit unions, the U.S. attorney general declared state-chartered credit unions exempt from federal income taxes because they were “organized and operated for mutual purposes (in which an organization’s members share in the profits and expenses) without profits.” In the 1930s, legislators passed a law to exempt federally-chartered credit unions from federal income tax for the same reason.
Why are federal credit unions exempt from paying taxes?
400
Seven
How many board members do we have?
500
A flag
What image is depicted in the space inside the letter "P" on our logo?
500
$500,000
How much NCUA insurance coverage would a husband and wife have on a joint savings account?
500
Payment Reminder Anti-Theft device. Used a lending tool to help make auto loans to members who might not otherwise qualify.
What does PRAT stand for and when would we use it?
500
A community based credit union serves the community as a whole while other credit unions serve the employees of a particular company.
What is the difference between a community credit union and a sole sponsor or SEG based credit union?
500
Act as the watchdog to protect and safeguard members assets. Oversee and perform the audit functions of the credit union.
What is the role of the supervisory committee