Scale Back Auto Loan Sale - as low as 2.99% APR

How does a fixed rate as low as 2.99% Annual Percentage Rate (APR) on terms as long as 60 months sound?? Our "Scale Back Auto Loan Sale" going on now through April 30th offers this great loan rate for new AND used automobiles financed during the promotion. The loans themselves can be for purchases or refinances from another financial institution. Qualified members can also delay their first loan payment up to 90 days. Wouldn't be nice to not have a car payment for a few months? That money could be used to pay down other debt, pay for a special project, or just provide a little money for a Spring Break trip. It is important to note here that loan interest would accrue during the loan deferment time frame.

The theme of the loan promotion is similar to the "Scale Back Alabama" weight loss campaign in that cutting your costs is a smart idea. We have money to lend so if you are going to borrow money make sure that your costs are minimized. Weigh your options, trim your budget, and lose high interest rates with a low cost loan from North Alabama Educators Credit Union!

As with all loans at the credit union, we are an Equal Credit Opportunity Lender. Qualifications must be met on all loans. Your actual loan interest rate will be determined by your credit worthiness as well as other factors, such as the term length of your loan. For a 60-month term as referenced above, the payments would be as low as $18.00 per $1,000 borrowed. Please keep in mind that well qualified borrowers with a credit score of 748 and over can actually receive a lower loan rate than advertised above. To refinance a loan already financed with NAECU, an additional $2,500 must be added to the existing balance to qualify for the reduced rate.

Visit our web site at www.naecu.org for rates and terms available.

$10,000 Donation to American Cancer Society

North Alabama Educators Credit Union presented a $10,000 check to the American Cancer Society for the benefit of breast cancer awareness in the Tennessee Valley. The donation was given during our 55th Annual Membership Meeting that was held on Monday, February 7th. Liz Payne of the American Cancer Society (pictured above) was presented the check.

Many thanks are extended to our employees and members who have participated in the many fundraiser ideas throughout the year. These fundraiser ideas ranged from a bass fishing tournament, group yard sale, jewelry party, pictures with Santa, pictures with the Easter Bunny, a DIRECTV drawing, Alabama and Auburn gift basket drawings, and breast cancer awareness merchandise sales. Our employees have generated many creative ideas over the years for these fundraiser events. Good job by the employees and members of NAECU!!

Caller ID Spoofing

The Better Business Bureau of North Alabama is warning residents about Caller ID Spoofing cases taking place in the Tennessee Valley. The purpose of the calls may vary but the troubling issue is that the number appearing on the consumer's caller ID appears to be a local number - in fact in many cases the number is only one digit away from their own number. It might even be the local number for the hospital, fire department, or the credit union.

In reality, the caller is using technology to alter the information that appears on a call recipient's Caller ID display - a practice known as Caller ID Spoofing. The recipient of the calls reads their caller ID display and sees a familiar number or local number and chooses to answers the call.

Consumers are advised to be aware of Caller ID Spoofing technology and understand that the caller's number displayed may not always be the true origin of the call. Some of these spoofing attempts are trying to sell services but others are outright scams designed to trick people into providing personal information. ID theft is one purpose of these type of calls.

Never give out any personal information to a company or individual unless you know with 100% certainty of who you are dealing with. If you receive a call that claims to be from a trusted source, like the credit union, you should not be asked to provide any personal information. If you receive any suspicious calls you should contact the associated organization using a known published telephone number to verify the nature of the initial call.

There have been cases of Caller ID Spoofing where the caller spoofed a local financial institution's name and telephone number. Trust but verify is the best policy!