Assets: $107,896,826
Membership: 8,432
January 2017 - In This Issue:
Didn't Get What You Wanted for Christmas?
It's Not Too Late!

Car loans are still at
great low rates!
Rates are as low as 1.80% APR.*

Click here to apply today!

*Annual Percentage Rate. Rates are based on an evaluation of each applicant's credit history and may vary. All loans are subject to approval. 
The Season for 
Financial Freedom
Welcome, 2017. The beginning of a new year is a great time to reflect on the past year - a time to look back at what worked in your favor and what didn't. With a new year come new opportunities as well as new challenges. Have you already made New Year's resolutions? Are you ready? This year, instead of promising yourself that this is the year you will finally lose weight or get on the exercise bandwagon, why not focus your efforts on getting your finances in order? JMAFCU is positioned to assist you with reaching all of your financial goals. In an ever-changing economy, financial freedom is possible and we want to help you get there.  

Your JMAFCU membership is designed to add value to your life and help you manage your finances by putting the information and resources you need to be financially successful in your hands. JMAFCU offers more than just the savings and checking accounts that you can get anywhere. We offer low interest rate credit cards and loan products. We also provide unbeatable member service. 

Membership means you have a place to turn for real help with your financial decisions. Your JMAFCU membership means having a resource for information on hundreds of financial subjects. Membership means having friends in the financial industry with the knowledge to help you weather the storms of life. Share the benefits of membership with your fellow JM Family Enterprises, Inc. associates and your immediate family members. Financial freedom is possible; let's get there together.
Refer a Member
You already know that when it comes to the latest in financial products and the best in member service, JMAFCU is the place to be. JMAFCU and eServices technology have made it even easier for fellow associates and immediate family members, near and far, to experience the benefits of membership.

When you refer your fellow associates and immediate family members to JMAFCU, as a token of our appreciation, we will give you $25 for every new person you refer who joins JMAFCU!*

Stay on the lookout for refer-a-member forms - coming soon.

*New membership must include a share savings account with a minimum deposit of $100 or checking account with direct deposit.
Annual Credit Report Review
The start of a new year is a great time to check your credit report, especially after all of the holiday shopping is done. You can request your free annual credit report from the official website: Other sites claim to offer free credit reports, but require you to purchase other products to receive them.

The three nationwide credit reporting agencies have set up one central website, toll-free number and mailing address through which you can order your free credit report:
  • Visit
  • Call 877-322-8228
  • Complete and mail the Annual Credit Report Form to:
    Annual Credit Report Request Service
    P.O. Box 1052
    Atlanta, GA 30348
JMAFCU EMV Chip Embedded Visa CheckCards 
Have Been Mailed!
JMAFCU has begun issuing the new and improved EMV chip embedded Visa® CheckCards. Visa CheckCard holders, once you receive your new card you should:
  • Activate your new card immediately.
  • Destroy your old card (after activating the new one) as it will no longer work.
  • Remember to update your expiration date with merchants for recurring charges.
Please note: Your CheckCard number has not changed - only the expiration date. If you have not received your new card by Feb. 1, 2017, please call us at 800-581-2256.

For answers to frequently asked questions, please visit our website at or contact your local JMAFCU branch.

Help! I Overspent on Christmas!
It's so easy to go overboard on Christmas. If you have kids, you want everything to be perfect for them. You want to build priceless memories, so spending any amount seems worth it. If you're just getting started, you want to impress your family with how together you have things. Giving extravagant gifts to your family members seems like a great idea ... until you're staring at a huge credit card bill in January. However it happened, it's important to approach this problem rationally. Constantly blaming yourself won't fix the problem. The important part now is to right yourself financially. You can't take back gifts and return them at this point. You have to deal with the situation that's in front of you. Fortunately, you're not alone. JMAFCU is here to help. Check out these four ways you can patch up your finances and have things right before summer.

1. Budgeting advice
It can be very tempting to make only the minimum payments on the credit card you used to buy Christmas gifts. Unfortunately, it's also the best way to ensure you're in debt for all the Christmases from here on out.

Making minimum payments on credit cards prolongs the length of time you're in debt. It also makes the total amount you pay for your debt skyrocket. Making just the minimum payment adds an extra $175 to a $10,000 balance at 21% APR. JMAFCU credit card rates are a lot lower. Perhaps a balance transfer would help. What you need is an aggressive debt repayment plan. The question you should be asking yourself isn't: "What's the least I can pay on this debt?" Instead, identify the most you can afford to pay. JMAFCU can help with informative guides and worksheets on household budgeting through Accel™ Financial Counseling Services.

Making an extreme budget is usually not a good choice, but in this case, it's essential until you get yourself out from under that holiday-fueled debt. Make some sacrifices and get ready to tighten your belt for a little while. Yeah, coming up with an extra $35 or $50 a month is tough, but it's the easiest way to get things moving.

2. Refinancing major purchases
If you went overboard on one or two major purchases, like a car for a teen, it may not be credit card debt you need help overcoming. Dealers often offer incentives like zero down and zero percent financing on cars to encourage car giving for Christmas. Unfortunately, once you've signed on the dotted line, you find that your monthly car payment may be more than you can handle.

JMAFCU can help. Our auto and other major purchase loans often feature rates that are lower than you will find elsewhere. You may need to finance over a longer term to manage the monthly expenses, or you may just need to restructure to pay less now. Either way, you'll probably find more favorable and flexible terms with us than you will with other lenders.

3. Debt counseling
Does reading those credit card statements fill you with a dizzying sense of despair? JMAFCU can help you make sense of them. Make an appointment to speak with a debt counselor through JMAFCU. You'll gain a better understanding of your rights and responsibilities. You can also come up with a realistic plan to pay off your debt and avoid falling into the same trap next year.

4. Personal loans
Instead of making dozens of minimum payments, wouldn't it be nice to focus your debt into one manageable plan? A debt consolidation loan can do just that. Best of all, it can save you money in the long run by lowering your interest rate and monthly payment commitment. Rather than paying a credit card APR, you can get the lower fixed rate on a personal loan.

Although collateral, or something to secure the loan, can help get you a lower interest rate, it isn't necessary. All you need is some basic personal information and a willing partner, like JMAFCU. Our loan specialists can help you organize and simplify your payments, working toward a debt-free life.

JM  Associates Federal Credit Union