Top Do’s and Don’ts FOR PERSONAL LOANS

A Q U A R T E R L Y P U B L I C A T I O N W I N T E R 2 019

THE RELATIONSHIP OF A LIFETIMESM (607) 723-7962 (800) 732-4447

Do use it to consolidate debt. Put all high-interest credit card debt and payday loans into one loan with a fixed rate, a fixed monthly payment, and a closed-end term. You’ll save money and make debt management a lot simpler. Be sure to close any credit cards you pay off so you don’t rack up another large bill.

Do use it to finance renovations on your home. Be smart about your renovations, though, and only choose those that will increase your home’s value.

Do use it for moving expenses. Whether you’re moving cross-country for a job oppor-tunity or another reason, a personal loan can help pay to transport your car, to move your belongings, and to buy furniture for your new residence.

Do use it to pay for large, unexpected expenses, like a funeral or adoption costs.

Do use it to foot medical bills, especially for things that are not covered by most insurances such as fertility treatments, large dental treatments and cosmetic surgery.

Don’t use it to pay for everyday expenses. If you find yourself doing this, you may be in financial trouble. Speak to a GHS Federal Credit Union representative for help with debt management and general financial guidance.

Do use it to purchase a car, boat, or RV.

Do use it to take a dream vacation. Don’t do it twice a year, but a personal loan can help you finance your trip for a milestone anniversary or another special occasion that warrants an extravagant vacation.

Do use it to pay for a wedding. A personal loan will give you more flexibility than a wedding loan.

Reference: https://www.cucontent.com/site-new/top-10-dos-and-donts-for-personal-loans/?highlight=Personal%20Loans

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THE RELATIONSHIP OF A LIFETIME (607) 723-7962 (800) 732-4447

2in the KNOW

Message from the PRESIDENT

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The start of a New Year is always a great time to evaluate your financial health and well-being. We know from experience that creating a solid foundation is the key to success. So now that the holidays are over and as you begin to prepare for the upcoming tax season, our dedicated GHS team is here to help you review your current financial portfolio as well as help you to develop a solid financial blueprint for the future. Your new blueprint will help you to develop your core financial foundation; then building upon that strong financial foundation will help you to achieve all of your future financial goals.

Currently, GHS is offering some great products, such as:

GHS 0% credit card (including balance transfers) for 6 months

High dividend paying share certificate special at 2% for 25 months

Many other specialty products and services designed to help you attain financial success

GHS Federal Credit Union is here for you, for the relationship of your lifetime. I invite you, your friends, and your family to call or visit one of our convenient and local GHS branch locations. Our friendly and knowledgeable GHS team members are excited to help you develop your financial fresh start plan today.

Howard Meller, President and CEO

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Each new moment affords each

of us the opportunity for a fresh

start. To quote C.S. Lewis, “You

can’t go back and change the

beginning, but you can start where you are and

change the ending.”

Y O U A R E I N V I T E D

ANNUAL MEETING

May 7, 2019 6 PM

910 Front St. Main Branch

Binghamton, NY

Keep your CARD SAFE AT GAS PUMPS AND ATMS Choose gas pumps closest to and within sight of cashiers.

Use ATMs in well-lit, secure locations. Avoid stand-alone ATMs in corners of stores or out-of-the-way areas.

Look at the card reader slot and surrounding areas for anything that looks out of place, mismatched, or loose.

Make sure no one is watching your enter your PIN, or filming you on a cell phone.

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THE RELATIONSHIP OF A LIFETIME (607) 723-7962 (800) 732-4447

3in the KNOW

The Latest in MARKETING

Welcome to GHS!

David SabolCommunity Development Officer

Financial LITERACY

We welcome Dave Sabol to the GHS Federal Credit Union staff in a new role as Community Development Officer. Dave is available at all three GHS branches and will focus on financial literacy in schools and businesses along with community engagement. Dave is locally born and raised, a graduate of Binghamton University, brings several years of community outreach experience, and a finance background to the role. Welcome Dave!

In our continued commitment to the local community and financial literacy, GHS Federal Credit Union sponsors a financial program that teaches the value of financial health to students in six local school districts. Over 2,690 youth in our community experience real-life scenarios through interactive online learning. The students learn what happens when they make good financial choices and what happens when they don’t. We introduce GHS, its branches, and its value as a financial and community partner. At the end of the program, students receive a completion certificate.

(Pictured are: Carol Grassi, GHSFCU graphic designer/marketing coordinator, students of Mrs. Shadduck’s Family and Consumer Sciences class at Chenango Valley Middle School, and Dave Sable, GHSFCU community development officer)

Share Certificate GHS Federal Credit Union is offering a Share Certificate special rate for the months of February and March.

Open a new account with a $10,0001 minimum for 25 months and receive a 2% APY2 1$10,000 minimum to open. New money only. 2APY = Annual Percentage Yield. Credit Union membership required with a $25 minimum deposit and $1.00 membership fee. Checking account required. Some restrictions may apply. Penalty for early withdrawal is 180 days of dividends. See disclosure for complete details.

Personal LoanThe months of February and March are also a good time to consolidate that holiday debt with a Personal Loan. Now through March 31, 2019, you can get a personal loan with some of the best rates in the area. If you have an unexpected or emergency expense, need to pay for that spring or summer wedding, or want to consolidate your debt, you can apply online today!

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THE RELATIONSHIP OF A LIFETIME (607) 723-7962 (800) 732-4447

4in the KNOW

in the KNOWA quarterly publication produced by the Marketing department of the GHS Federal Credit Union.

For more information, contact:Carol GrassiGraphic Designer/Marketing Coordinatorcgrassi@ghsfcu.com(607) 472-2860

Board of DIRECTORSF. Paul Battisti, Esq. – ChairmanLeonard Lindenmuth – Vice ChairPatricia Clark – TreasurerJeanette Tillotson – SecretaryLarry MaierDavid DrewAntonio FronteraMark KnebelJason Aurelio

Executive MANAGEMENTHoward Meller - President/CEODonald Schmitt - VP/Finance

Senior MANAGEMENTJames Warneck - Lending ManagerKatherine Heisler - Senior Marketing Manager

Supervisory COMMITTEEJohn Hussar

Upcoming EVENTS

Mothers & Babies Perinatal Network6th Annual Guys and Gals Fashion GalaWednesday, April 245:30 PM - 7 PM: Exhibitor Display7 PM - 8:30 PM: Fashion Show, Featuring Howie MellerDoubleTree by HiltonBinghamton, NY

MEMORIAL DAYMONDAY, MAY 27

Holiday CLOSINGS

INDEPENDENCE DAYTHURSDAY, JULY 4

2019 Home and Garden ShowSaturday, March 309 AM - 6 PMSunday, March 3110 AM - 4 PMBinghamton University Events Center Booth 402Vestal, NY

Binghamton’s Largest Garage and Craft SaleSaturday, April 2710 AM - 3 PMOakdale MallJohnson City, NYCenter Court/Kid’s Zone

Spring Shred DaySaturday, April 209 AM - 12 PMGHS Main Branch910 Front StreetBinghamton, NY

Greater Binghamton Chamber of Commerce 2019 Bridge Run Half Marathon & 5KSunday, May 56 AM - 12 PMNYSEG Stadium Binghamton, NY

For GHSFCU volunteer information, contact Dave Sabol at 472-2876 or dsabol@ghsfcu.com

GHS Federal Credit UnionAnnual MeetingTuesday, May 76 PM910 Front St. Main BranchBinghamton, NY