Money Matters Summer 2018

410-534-4500 | 1-800-JHFCU-70 How to Make Your Daydreams a Reality During the lazy days of summer, you have more time to daydream about “that next big thing.” For some, it’s taking advantage of car sales as the new models start to hit the showroom. For others it’s renovating, or maybe just bringing your bathroom into the 21st century. Perhaps it’s transforming your living space into that open concept you saw while binge-watching HGTV or putting in that backyard pool. Or maybe it’s just enjoying the slower pace of a weekend getaway with the family. No matter the project, we want to help bring your ideas to life. Here are a few options to help you nance your plan: • Home Equity Loan or Home Equity Line of Credit (HELOC) – Put the equity in your home to work for you while you build more equity with a big improvement project. Home Equity Loan rates are as low as 4.875% APR 1 to 7.125% APR 1 ; HELOC rates as low as 5.0% APR 2 . Plus, there are no closing costs! 3 Also, interest may be tax deductible. 4 • Personal Loan – Suitable for smaller projects, where you prefer to borrow the amount all at once and pay it back in xed monthly payments. Rates are as low as 7.0% APR 5 . • Credit Card – Perfect for small and large projects, with manageable payments depending on balances. Rates are as low as 7.9% APR 6 , or earn points with our rewards card. • Mortgage Refinance with Cash Back – This is a great nancing option if you’re planning to stay in your home for a long period of time. Rates, terms, and options vary; call 410-823-3300 . • Auto Loan – Finance your new or used auto with rates as low as 2.99% APR 7 . You may even want to consider an Auto Re nance with Cash Out. Use the equity in your car for a low-rate loan, up to 125% loan- to-value (LTV). APR = Annual Percentage Rate. 1 Rates are based on applicant’s credit, loan term, loan-to-value and are subject to change. 2 Rates are based on applicant’s credit and loan-to-value. Maximum rate for Home Equity Lines of Credit is 18% APR. Your actual rate may vary and subject to a oor rate. 3 The closing costs will be added back to the loan payoff balance if the loan is paid off within the rst three (3) years and are only paid by JHFCU one time per property. 4 Contact your tax advisor. 5 Rates are based on applicant’s credit and are subject to change. 6 Rates are based on applicant’s credit, type of card and are subject to change. 7 Rates are based on applicant’s credit, loan term and are subject to change. SUMMER 2018 JOHNS HOPKINS FEDERAL CREDIT UNION Honored Recipient of the Dora Maxwell Award On June 4, JHFCU was honored with CUNA’s Dora Maxwell Award for demonstrating outstanding community service, social responsibility, the credit union philosophy and nancial education. JHFCU won rst place among Maryland credit unions in our asset category and will be entered into a nationwide competition. Over the past year, JHFCU and staff have volunteered and/or donated to various efforts including: • Maryland SPCA’s Festival for the Animals • Rage Against Addiction’s Recovery Run/Memory Walk • Maryland Book Bank • Kennedy Krieger Institute’s Snoasis Room • Kennedy Krieger Institute’s Festival of Trees • Generosity Feeds • Eager Park Playground L–R: John Bratsakis , MD | DC Credit Union Association President/CEO, and Sonja Crosby , JHFCU Vice President of Human Resources