REBATES
Your Credit Union is pleased to continue the quarterly rebate for all real estate loans and older unsecured loans. This reduced the effective secured loan rates to 6.5%, and the effective unsecured loan rates to 12% for the first quarter of 2000.

DIVIDENDS
For the first quarter, the Board of Directors declared the dividend rate of 2.25% on balances of less than $5,000, and 2.75% on balances of $5,000 and greater. The annual percentage yield on these rates is 2.27% and 2.78% respectively.

LOAN PROMOTIONS
This spring, the Credit Union will offer special loan promotions from April 1 until June 30 on all types of loans we offer.

Real Estate
For real estate loans, we will waive our loan closing costs, including appraisal, property search, flood certification, and recording fees. The only fee which will not be waived is title insurance on loans in excess of $100,000. We lend up to 80% of the home value less the amount of any first mortgage up to a maximum loan amount of $200,000 and a maximum term of 15 years.

New Autos
For new auto loans, we have dropped the rate by 1/2% from April 1 until June 30, 2000. This results in the following rates:

Used Autos
If you’re interested in a used car, we subscribe to the NADA used car guide and can provide you with advice on value. During the promotion period, our used car rate is 7.499% with down payment requirements from 10% to 30% and loan terms from 24 to 48 months, depending on the age of the car.

Enterprise Used Car Sale
In addition, during the week of May 8 to May 13, you can take advantage of a special promotion in conjunction with the Enterprise used car sale. At any Enterprise location, you can make a deal for a 1998 or 1999 car at lower than NADA book value. Enterprise offers a 12 month or 12,000 mile warranty and a 7 day or 1,000 mile buyback guarantee, no questions asked if you return the car for any reason during the guarantee period. For this one week sale only, in addition to the H% rate cut, we are offering 100% financing for up to 60 months. For those members in the Philadelphia region, Enterprise will hold a large sales event on May 13 at the Philadelphia Airport Hilton.

Personal Loans
Finally, during the spring promotion period, we will extend the maximum loan amount on personal loans from $10,000 to $15,000 provided that the additional $5,000 be used for debt consolidation. To qualify, members who already have a personal loan must have a balance currently below $10,000, and the $5,000 in consolidation payments must be made directly to the creditors.

Call or stop by the Credit Union office for details on any of these promotions or to make an application.

IT’S VACATION TIME
Vacation Club checks will be available to be picked up in the Credit Union office on Monday May 1, 2000. Checks not picked up will be mailed. Now is the time to arrange for your Vacation Club for 2001. If you already have direct deposit to the Credit Union for a Vacation Club for 2000, this will continue in the same amount for 2001. If you want to sign up for a new club or to increase your current club amount, you can do so by signing a new direct deposit authorization at the Credit Union office or with your local representative. The deadline for these changes is May 31, 2000.

CD RATES
We offer certificates of deposit at the following current rates and yields for the following terms:

Current certificate of deposit rates offered are subject to change in response to market conditions.

24 HOURS/7 DAYS PER WEEK SERVICE
Don’t forget that the Credit Union has a 24 hour a day Voice Response Unit. Users of the system need to call the office to establish a PIN number. Members can obtain balances, request withdrawals, and make transfers among different accounts or to make a loan payment. To reach the system, call (215) 592-3084.

YOUR MONEY IS SAFE
All Credit Union deposits are insured up to $100,000 per member by NCUA, a federal government agency. The NCUA fund is in sound health, without a losing year in its 29 year history, and has an equity level of 1.30% of insured savings.

Look for other information related to our offerings on our web page at http://www.rhcu.com.