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Prescription Monthly Refill - May 2009
 Give Yourself a Brake
with 3.99% APR!
Is it time to stop and re-evaluate your vehicle? Now there are at least two reasons to reconsider purchasing a new vehicle:
- 3.99% APR 5-year New and Used Vehicle Loans are back
- You may qualify for a tax break (see next article from the IRS)
Give yourself a break from repair bills or lower your existing car payment, and enjoy the summer with a low-rate MSDFCU Vehicle Loan. Apply online or by calling us at (215) 996-3700. We brake for members!
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Special Tax Break Available for New Car Purchases This Year
IR-2009-30, March 30, 2009
WASHINGTON—The Internal Revenue Service announced that taxpayers who buy a new passenger vehicle this year may be entitled to deduct state and local sales and excise taxes paid on the purchase on their 2009 tax returns next year.
For those thinking about buying a new car this year, this deduction may give them a little more drive to make their purchase this year,” said IRS Commissioner Doug Shulman. “This deduction enables taxpayers to buy now and get cash back later on their tax returns.”
The deduction is limited to the state and local sales and excise taxes paid on up to $49,500 of the purchase price of a qualified new car, light truck, motor home or motorcycle.
The amount of the deduction is phased out for taxpayers whose modified adjusted gross income is between $125,000 and $135,000 for individual filers and between $250,000 and $260,000 for joint filers.
IRS also alerted taxpayers that the vehicle must be purchased after Feb. 16, 2009, and before Jan. 1, 2010, to qualify for the deduction.
The special deduction is available regardless of whether a taxpayer itemizes deductions on their return. The IRS reminded taxpayers the deduction may not be taken on 2008 tax returns. |
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HELOC Rate Nailed Down at 3.99% APR
until June of 2011!
 If you’re drafting your plans for home improvements, consider one of our low rate Home Equity products. MSDFCU offers both fixed and lines of credit home equities. As an added bonus, we’re offering to fix your Home Equity Line of Credit at our floor rate of 3.99% until June 30, 2011 when you apply during this special offer. That means your rate will be the lowest rate we offer on HELOCs for a two-year period if you take advantage of this special offer. Or, if you’d like to lock in a low rate for a longer period, you can opt for the 4.99% APR 5-Year Fixed Home Equity. Other terms are available.
Now’s the time to knock out those home improvements while the rates are at historical lows! Apply online through your Home Banking Account or
call 215 996-3700.
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Harleysville Branch is Rolling Out the Green!
 Watch your e-mail for our official opening date this month, and in the meantime, save the date for our Grand Opening Celebration!
It’s just about complete and we’re all anxious to open the newest MSDFCU branch for our members. The Harleysville Branch will be our first Leadership in Energy and Environmental Design (LEED) certified building. The LEED rating system was developed in 1998 by the U.S. Green Building Council and provides standards for environmentally sustainable construction.
To celebrate, join us for our Grand Opening:
Date: Saturday, June 13, 2009
Time: 9:00 a.m. until 12:00 p.m.
Location: 665 Main Street, Harleysville, PA
Featuring:
- Hall of Famer Herb Adderley of the Green Bay Packers will be signing autographs from 10:00 a.m. until noon. Herb is a five-time Pro-Bowl Defensive Back and played for Vince Lombardi.
- Gifts for all Grand Opening guests
- Light Refreshments
- Dollar Dog
- Open Accounts
- Win Prizes
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Allpoint Technology Advances
Allpoint Network is the first surcharge-free ATM network to offer a locator through iPhone™ and Android™! Allpoint Network understands how vital it is to be on the cutting edge of technology. We are excited to announce that Allpoint is now offering more convenient services for our members to use when they are locating one of our 37,000 surcharge-free ATMs. Allpoint is proud to introduce a new locator through iPhone™ and Android™. The locator can be found on the iTunes® store and at www.AllpointNetwork.com. These new applications add to the other convenient services we provide today including:
- 24/7 IVR phone system (800.976.4917) cardholders can call to find an Allpoint ATM locations, with the option to text the desired location to their cell phone
- Mobile Web-friendly Locator for PDA, BlackBerry and other cellular devices
- GPS download capability for Allpoint locations to TomToms, Garmins and other devices
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Still Getting Your Social Security or SSI payment in the Mail?
Direct deposit –the right choice
- It’s safer. You are protected against fraud and identity theft.
- It gives you more control. Your money is there when you need it.
- It’s easier. Your money is always in your account on payment day.
Call the toll-free helpline (800) 333-1795 or sign up online at www.GoDirect.org.
Go Direct® is a registered service mark of the U.S. Department of the Treasury, Financial Management Service (used with permission).
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Elizabeth Took the Shot and Won!
Congratulations to Elizabeth Freeman, our Member Madness Home Theater Trio winner. Elizabeth was one of thousands of members eligible to win the Member Madness prize.
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11th Annual Charity Golf Open
The cost is $105 per golfer and includes breakfast, lunch and the chance to win prizes. To date, our golf outings have raised over $100,000.
| Date: |
Monday, June 1, 2009 |
| Time: |
7:30 a.m. Continental Breakfast & Registration
8:00 a.m. Tournament Begins, Shotgun Start |
| Location: |
Mainland Golf Course
2250 Rittenhouse Rd.
Mainland, PA |
To register click here.
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Holiday Closings and Special Events
- All MSDFCU offices will be closed on Monday, May 25, 2009 in observance of Memorial Day. You can still access your account through Home Banking, CUTIPS, and at all ATMs. View all holiday closings.
- We will be participating in Lansdale Day, Saturday, June 6, 2009. Stop by to have your child’s identification packet completed.
- MEMBERS Financial Seminars
- Basic Financial Management - Learn about the six-step plan for financial success, the true cost of credit card debt, steps to help manage taxes, and how to calculate your retirement income needs.
- May 7, 2009
- 11:30 a.m.-1:00 p.m.
- Upper Gwynedd 2A102
- Retirement Plan Distributions - Kurt will explain choosing an appropriate distribution method, rolling funds into an IRA, and retirement plan distribution rules.
- May 27, 2009
- 6:00 p.m.-7:30 p.m.
- Chalfont Operations Board Room
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