Your Credit Union: The More You Use It, the More You Save

Did you know that in 2011, America’s credit unions provided their members nationwide with $6.3 billion in financial benefits*? That’s an average of $132 per member household according to Credit Union National Association’s economics and statistics department.

Credit unions save members money by charging lower interest rates on loans and paying higher interest or dividends on deposit accounts and investments. They also charge fewer and lower fees. So the more you use our credit union, the more you save.

The main reason Hopewell Federal Credit Union can offer a better value is that we’re a member-owned, not-for-profit cooperative. In fact, credit unions have outshined other financial institutions in every American Banker customer satisfaction survey since 1984. We exist to meet members’ needs, not to make a profit and maximize the wealth of outside shareholders, as banks do.

When you look at credit unions vs. banks, the difference matters—it saves you money.

Come see us today or call us at 740.522.8311 for all your financial needs.
Copyright 2011 Credit Union National Association Inc. Information subject to change without notice. For use with members of a single credit union. All other rights reserved.

Advertisements

Hopewell Federal Credit Union invites you to join us for International Credit Union Day

October 20th, 9AM-5PM – Heath and Newark Locations

At some point, you’ve probably wondered what the difference is between credit unions and other financial institutions. In reality, many differences exist, but the short of it is this: Credit unions exist to help people, not to make a profit.  As financial cooperatives, credit unions are much more than money lenders and holders. Like all cooperatives, we stand for the power of people helping people. Credit unions are prime examples of how the cooperative spirit transforms individuals and advances communities, the first steps toward building a better world.

Join us and allow us to thank you for helping to make this world better by being a credit union member. 

9am-11am – Coffee & Donuts

11am-5pm – Hot Dogs on the Grill prepared especially for you at the Heath location by Marvin Oneson, CFO and Jarod Mallory, Lending and Retail Manager and at the Newark location by Trish Snodgrass, Branch Manager.

All Day – Coloring Contest for the kids

MEMBERSHIP: Should I stay, after I move away?

During the course of your life, your location may change. Your employer may choose to transfer you, your family may move to a new hometown or perhaps retirement takes you south for the winter. Regardless of what events occur to change your circumstances, Hopewell Federal Credit Union can continue to remain your financial institution even after you transition to a new location.

Vicki Engle, a member of HFCU since 1980, is a perfect example of how changes in your location don’t have to mean changes in your financial institution. Though Vicki relocated for work, she has remained a loyal member of Hopewell Federal for all these years. Inspired by her choice, we asked Vicki to share some of her thoughts and reasons why it makes sense to stay, even after you move away.

HOW LONG HAVE YOU BEEN A MEMBER? I’ve been a member of Hopewell Federal Credit Union since the early 80’s when I began working at Newark Air Force Base.

WHAT PROMPTED YOU TO JOIN? Hopewell FCU had a satellite office located at the base – it was convenient and staffed by helpful and friendly staff.

WHEN YOU MOVED AWAY, WHAT MOTIVATED YOU TO KEEP YOUR ACCOUNT? Over the years, the Hopewell FCU staff had guided and assisted me in my personal finances – everything from direct deposit, checking/savings and 401s, to credit cards, personal and mortgage loans. The banking was always personal and advice was given based on my financial circumstances and situation at the time. As Heath will always be home to me – I have family still in the area and return several times a year – it only made sense to stay with Hopewell FCU and keep my account active.

ARE YOU FAMILIAR WITH THE TOOLS IN PLACE INCLUDING ONLINE BANKING, MOBILE BANKING AND MAGIC LINE PERFECT FOR SOMEONE WHO HAS RELOCATED AND STAYED WITH HOPEWELL? I use the online banking services. I also have a couple of great service representative at Hopewell who assist me via email and telephone.

DO YOU FIND THE WEBSITE AND NEWSLETTER HELPFUL TOOLS FOR STAYING CONNECTED TO HOPEWELL FROM AFAR? I rely on Hopewell’s website for current rates and services. I also can access account information online. The Newsletter keeps me informed about special services and promotions available.

WHAT IS YOUR FAVORITE THING ABOUT HOPEWELL FEDERAL CREDIT UNION? My favorite thing about Hopewell Federal Credit Union is their willingness to assist – always prompt, always friendly, always personal and done right the first time.

Hopewell Federal works diligently to ensure that tools are in place allowing you to become a member and stay a member for life. Innovations like mobile banking and online banking allow you to bank when and where it works for you. In addition, once you’re a member of the credit union family, you have access to more than 2,200 credit unions across the United States through our shared branching network. Our goal continues to be helping our members get ahead financially and this remains unchanged even if your location does.

We cannot thank Vicki enough for her thoughts and time. She is truly a testament of why membership works…even from far away.

Prepare Finances Before Buying Your First Home

Thinking about buying your first house?  To make the preapproval process seamless, assemble these financial documents:

1. Your credit report. Obtain a copy as early as possible and scour it for accuracy. Pull your credit report six to 12 months before you seek preapproval so you have time to rectify any unexpected issues or mistakes. Each major credit bureau must provide one free credit report annually to consumers requesting a copy. To obtain a report visit annualcreditreport.com or call 877-322-8228. It works well to order your report every four months from a different credit bureau.

2. W-2 forms. Make copies from the past two years.

3. Paystubs. Copy your two most recent ones.

4. Financial account statements. Collect statements (including retirement accounts) from the past few months.

5. Lines of credit. If you have opened any in the past six months, you’ll need copies of those statements as well, since they might not show up on your credit report.

6. Information on vehicles you own. Include make, model, and resale value.

7. Credit card account information. Include numbers and types of cards, balances and minimum payments.

8. Auto-loan account information. Include account numbers and statements.

9. Other loan account information. Think student loans and personal loans.

10. Gifts. If you’re fortunate enough to have any money for your down payment gifted to you, identify how much and where it will come from. Be prepared to document that it’s a gift and not a loan.

Once you have all your documents and personal financial information assembled, you’re ready to get preapproved at Hopewell Federal Credit Union. Stop in or apply online today.

Copyright 2011 Credit Union National Association Inc. Information subject to change without notice. For use with members of a single credit union. All other rights reserved.
 

Hopewell Federal currently has two homes for sale.  Click on these links to learn more.

 4615 Linville Rd, Newark, Ohio

 

 

 

8277 Linville Rd, Newark, Ohio