Did Winter Snow Cause Springtime Woes? Sperry has the Solution!

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1 THE Cor Ner PIECE Providing Over 75 Years of Better Banking! Second Quarter 2015 Top 10 Reasons for a Personal Loan Home Improvements Tax-time Funds Educational Expenses Used Car Purchase Moving Expenses Weddings Veterinary Bills Auto Repairs Elective Surgery Vacations Sperry Personal Loan with rates as low as 6.99% APR, it s your borrowing solution! Did Winter Snow Cause Springtime Woes? Sperry has the Solution! With the Lowest Rates on Long Island, Sperry s Personal Loan can help you finance your home repairs. Whether you need to fix some leaks, replace a few windows or repair your roof, come to Sperry for Personal Loan Rates as low as 6.99% APR*! Our Personal Loan offers: Online applications submit your application at & get an answer in minutes Loan amounts up to $25,000 no matter the amount you need, we ve got money to lend Terms up to 60 months choose the payment plan that works best for you Optional Personal Protection Insurance cover unexpected emergencies with credit life &/or disability insurance. 1 Our loan specialists are ready to help you secure the financing you need to complete your home improvements, or other important projects. Call us at (516) , Option 4, apply online at or stop by our branch to apply today! Apply today: , Option 4 *APR = Annual Percentage Rate. Personal Loan Rates range from 6.99% APR 14.99% APR, based on credit worthiness and other criteria. Rates and terms subject to change without notice. Auto Pay requires automatic monthly payments from your active Sperry checking account. Add.25% for non-auto Pay loans. Offers of credit subject to credit approval. Applicants who are not offered the lowest rate may be offered credit at a higher rate. 1- Optional insurance- additional fees apply, based on loan amount and other criteria.

2 2 Member Updates Kevin J. Healy CEO & Vice Chairman, Sperry FCU Kevin Healy s Comments Dear Members, Spring is finally here!! I for one will not miss the snow. Spring reminds us all of rebirth as plants and flowers begin to bloom again and each of us has the opportunity to tend to our own Spring Cleaning. For some of us that may include home improvement or repairs from the recent winter storms. The Federal Reserve has made rumblings about raising interest rates, so now would be a great time to capitalize on the historic low interest mortgage rates, while they last. Sperry Staff Updates Tyrone Newsome Office Clerk Welcome to Sperry we wish you the best! If your car struggled in the snow this winter, now is a good time to invest in an all-wheel vehicle to ensure your safety next winter. You can finance your purchase by taking advantage of our auto loans which are among the lowest rates on the Island!! You may also want to engage in some self-improvement and we can help you finance your endeavors. Whether you reduce the stress in your life by using a new piece of fitness equipment, a high-end gym membership, taking a college course, or taking a nice relaxing vacation, you can benefit by financing your purchase with our personal loan rates, which are the lowest on Long Island!! We hope that we here at Sperry can help you get your financial house in order in time for you to enjoy a stress-free Summer. All the Best, Kevin Privacy Notice: Federal law requires us to tell you how we collect, share, and protect your personal information. Our privacy policy has not changed and you may review our policy and practices with respect to your personal information at or we will mail you a free copy upon request if you call us at (516) Refer Family & Friends Get Money to Spend Give the gift of credit union membership and we ll deposit $50 into your account! Refer a few new Members and you ll get $50 for each new membership! Simply give this referral form to your family members and friends make copies as needed. Once their Sperry loan or savings account and checking account with Visa Check Card are open and active for three months, you ll be $50 richer, plus both of you will be entered into our $100 Raffle! Sperry Referral Form: (Please bring this form with you to Sperry) Member First and Last Name: Member Address: Friend & Family Information: First and Last Name: Address: Sperry Information (For Credit Union Use): Savings: Y / N Checking: Y / N Visa Check Card: Y / N Loan: Y / N Account Opening Date: Date of Referral Fund Credit to Referring Member: More Referrals = More $ for You Refer Today!

3 3 Loan Offerings Spring Forward in a New Set of Wheels! Do you find yourself day dreaming about warmer weather? Maybe you re planning a road trip to see your family, or taking a spring break vacation. With new and used auto loan rates as low as 1.25% APR*, why not warm up your spring season in a brand-new or new-to-you car, truck or van! Our Vehicle Loans offer: Online Applications submit your application at & get an answer in minutes! Generous Financing up to 125% LTV (loan to value) name the amount you need, we ve got you covered Flexible Terms up to 84 months new, and 72 months used or refinanced Attention Speedsters Sperry also offers low-rate loans for motorcycles and boats. By land or sea keep Sperry in mind for financing your new ride! Optional 1 Personal Protection Insurance consider credit life, disability, and/or GAP insurance for peace of mind that your loan payments are covered should an emergency occur. Let us finance your getaway ride! Apply online at by phone at , Option 4, or in person at our branch. *APR= Annual Percentage Rate. Rates subject to change without notice. Rates shown based on Auto-Pay, (monthly automatic payments from an active Sperry Checking Account), credit history and other criteria. Add 0.25% for non-auto Pay rates. Other rates and terms available. Rates range from 1.25% APR to 18% APR. 1- Optional insurance- additional fees apply, based on loan amount and other criteria. Apply Today: (516) , Option 4 Get 1.00% off the current rate! 1 And, we ll give you Kelley Blue Book Trade-In Value for your vehicle. 2 Upon used vehicle purchase from Enterprise Car Sales. April 1 May 31, 2015 Call , Option 4 to get pre-approved by your credit union today! Call for the nearest Enterprise Car Sales location or preview our great selection of quality used vehicles at enterprisecarsales.com/cuautorates Consumer disclosures: 1: APR=Annual Percentage Rate. 1.00% off your approved rate. Approved rate will vary based on credit worthiness and terms. This is a buy down rate. The amount of the buy down will not affect the price of the vehicle. 100% Financing available including Tax, Title and License. Financing for qualified Sperry Federal Credit Union members. Not all buyers will qualify. Offer valid only on Enterprise Car Sales vehicles purchased from 4/1/15 5/31/15. 2: Kelley Blue Book Trade-In Values used by Enterprise are obtained from 2015 Kelley Blue Book Co. s website KBB.com. Kelley Blue Book Trade-In Value is based on accurate condition rating and mileage of vehicle. Accurately appraising the condition of the vehicle is an important aspect of determining its Kelley Blue Book Trade-In Value. Kelley Blue Book valuation adjustments for vehicle mileage disproportionate to the age of the vehicle may be capped by Enterprise Car Sales at 20% of the vehicle s base value. If a Kelley Blue Book Trade-In value is not available for customer s vehicle Enterprise will provide a fair and competitive value for customer s vehicle. Customer is responsible to any extent vehicle pay-off exceeds Enterprise offer. Customer must provide required proof of ownership/registration and all other necessary paperwork to transfer title. Offer only valid on one trade-in for each Enterprise vehicle purchase. Restrictions apply. For details, see an Enterprise Car Sales Manager. Offer void where prohibited. Used vehicles are previously part of Enterprise short-term rental and lease fleet or purchased by Enterprise from other sources including auto auctions, with previous use possibly short-term rental, lease or other. This offer cannot be combined with any other offer. The e logo, Enterprise, and Haggle-free buying. Worry-free ownership. are trademarks of Enterprise Holdings, Inc. All other trademarks are the property of their respective owners Enterprise Car Sales.

4 4 Loan Offerings Consolidate at a Terrific Rate Becoming financially fit is easy with Sperry s 1.78% APR* Platinum MasterCard Balance Transfer. Transfer your high interest rate credit card balances and receive: 1.78% APR* on Balance Transfers for 12 billing cycles $0 Transfer Fee New Purchase Rate of 1.78% APR* upon Balance Transfer of $1,000 or more Come in or apply online and shrink that high rate of yours today! *APR=Annual Percentage Rate. After intro period, the rate becomes the qualified Purchase Rate, which currently ranges from 9.99% APR to 18% APR. Final rate and offer based on creditworthiness. Offer of credit is subject to credit approval. Rate may revert to prevailing rate on accounts with negative activity. Other requirements and restrictions apply. Offer subject to change without notice. MasterCard and Visa Check Card Users Fax Us to Make Travels Less Taxing If you plan to use your Sperry MasterCard or Sperry Check Card while traveling, make sure to let us know ahead of time so that your transactions process smoothly when you use your card while away from home. Why? Because transactions that happen outside of your normal usage patterns may be flagged as potential fraud. Let us help you avoid a potential disruption of service while traveling! Simply fax the following information to Member Support: your name, the dates that you are traveling, your destination(s), and the last four digits of your Sperry MasterCard and/or Sperry Check Card. Make sure to sign the fax so that we can match it to your account files in order to add a Travel Alert to your account. The fax number to use is (866) Happy travels! Apply Today: (516) , Option 4 Sperry s Home Equity Line of Credit Your Solution for Renovation, Education, Vacation! Our HELOC offers 0% APR 1 for the first 6 months, then a variable rate as low as Prime for Life! $25,000 minimum draw up to $350,000 maximum line of credit available 10 year draw period with interest-only minimum payments then 15 years to repay principal and interest Revolving Line of Credit throughout the 10 year draw period No closing costs Easy Credit Line Access through home equity checks, online banking, over the phone or in person Automatic payments from your active Sperry Checking Account on the 15th of every month 1 APR= Annual Percentage Rate. 0% HELOC introductory rate is fixed for the first six months then adjusts to a variable rate for the life of the home equity line of credit. Rate floor is 3.0%. Rates based on Prime Rate published in the WSJ. Rate subject to change monthly based on Prime Rate. Rate can revert to as low as Prime once the six month introductory period expires. Rates shown are lowest rates offered for product advertised. Not all applicants may qualify for a special introductory rate. Rates and terms subject to change without notice. Maximum line of credit available determined by credit score and CLTV. $35 fee will be assessed against the HELOC on a monthly basis if outstanding balance falls below minimum $25,000 draw within the first 18 months. On No Closing Costs offers closing costs must be repaid if line is closed within 36 months. Existing Sperry HELOC members must pay closing costs and draw an additional $25,000. Stated rates require automatic payments from an active Sperry Associates Federal Credit Union checking account, which requires a minimum of five transactions per month. Checking account must remain active for the life of the loan. $35 fee will be assessed against the HELOC on a monthly basis if the Sperry checking account is not active. First monthly payment may include pro-rated interest based on date of closing.

5 5 Community Updates Sperry Proudly Supported the Maurer Foundation at their Annual Pink Bowl Six teams of Sperry employees and their families participated at this bowling event, helping to raise awareness and over $21k for The Maurer Foundation. Once again, it was a great afternoon out and a great way to beat the cold weather, said Executive Director Susan Samaroo. This year s Battle of the Banks really added a fun competitive element for our guests and everyone really enjoyed the festivities while keeping in mind the importance of our mission here at The Maurer Foundation. Sperry Hikes the Hill Kevin J. Healy, CEO, (left) attended the Governmental Affairs Conference in Washington, D.C., along with Gary Barello, Chairman of the Board,(right) and Mike McGillicuddy, Board Director (back). A national gathering of Credit Unions that Hike the Hill in support of Credit Unions, they met with US Senator Charles Schumer (center) from NY to discuss local issues on behalf of our Membership. Sperry Offers Guaranteed Asset Protection (GAP) Congratulations Sperry Raffle Winners $250- Credit Your Debits Raffle * Roxanne G December 14 Marci P January 15 Donald K February 15 $100- Refer-a-Friend Raffle Patricia K. & Sreekala T December 14 $50- Refer-a-Friend Members Sonia S, Shibu K, Dinesh A, Dion F, Bronden B, Warren S Your name could be here next time! Simply Refer your friends and family to Sperry. It s that easy to be in it and (hopefully) win it! *$250 Credit Your Debits Raffle offer ended as of February Did you know that if your new or used vehicle is totaled, or stolen and not recovered, your insurance may not pay off the total amount owed? Due to depreciation, your loan balance can be higher than the Actual Cash Value (ACV) which is established by your insurance company, so you could still owe thousands of dollars after the insurance settlement. It takes more than auto insurance to protect your investment, and Sperry has the solution for you. Protect your Investment with GAP- Guaranteed Asset Protection * : GAP makes up the difference between what insurance covers and the amount you owe in most cases. You could be free and clear instead of paying off a substantial loan balance before you can even think about shopping for a new vehicle. The purchase of GAP is optional, and when purchased through Sperry it costs much less than what you would pay at a dealership. You can add the cost of GAP to your loan amount so there is no out of pocket expense. You have up to 6 months to add GAP to your Sperry vehicle loan! Ask a Member Service Representative for more information about GAP. It will give you peace of mind when you make your next vehicle purchase. *Vehicle must be financed at your financial institution to be eligible for the purchase of GAP through Sperry. Whether or not you purchase GAP will not affect your application for credit or the terms of any existing credit agreement you have with our institution.

6 6 Sperry Corner Piece /April 1, 2015 Community News Member Notices April 1, 2015 Notice of Annual Meeting and Election of Directors Sperry s Annual Member Meeting will be held on September 19, Meeting details with time, location and RSVP information will be provided in the next quarterly newsletter. Two Director positions will be elected to the Board at the annual meeting this year. A Nominating Committee has been established according to Sperry Associates Federal Credit Union bylaws and their nominees will be presented in the Member newsletter this summer. Please note that to be eligible for nomination and/or serve on the Board of Directors, a person must be 18 years of age or older, be a Member of good standing, be available for Board meetings at least once a month, and must qualify by completing a Director s Application and Agreement to Serve. Members are advised that Sperry Associates Federal Credit Union bylaws stipulate the following: Any Member can place his/her name in nomination exclusive of the Nominating Committee by written petition that includes a brief statement of qualifications, biographical information and a petition with the required minimum of qualified signatures of at least 1% of Sperry Associates Federal Credit Union Members. Inquiries regarding the election process and requesting a petition package that includes signature collection requirements should be directed to: Lauren Carrabs at (516) , x1031. To be effective, such nominations must be accompanied by a signed certificate from the nominee stating that they are agreeable to nomination and will serve if elected to office. A completed nominations package must be sent to Jorge Restrepo, Board Secretary, at Sperry FCU, 2400 Jericho Turnpike, Garden City Park, NY The closing date for receiving nominations by petition with supporting documents is June 19, There will be no opportunity for nominations from the floor. The election will not be conducted by ballot and there will be no nominations from the floor when there is only one nomination for each position to be filled. Should the number of candidates equal the number of open positions on the Board of Directors, the chair may take a voice vote or declare each nominee elected by general consent. Holiday CLOSINGs Memorial Day May 25 Attention PC- 24 Online Banking & Bill Pay Users Independence Day July 4 New Features are being added this June! Be on the lookout at for the specific dates and times when the following enhancements will become made: Account History this new feature allows users to view pending transactions in account history Account Details Additional details available for Checking, Savings, CD, and Loan Accounts Additional Accounts including special deposit accounts for Holiday and Vacation Savings Stop Pay you will be able to place a stop on your check directly within Sperry s PC-24 Online Banking & Bill Pay platform Please note that PC-24 Online Banking & Bill Pay will be unavailable while these enhancements are being made. The specific dates and times will be made available to you online as we get closer to implementing these updates. See our website home page for more information in May and June LOCATIONS & HOURS OF OPERATION Our E-Branch never closes: E-Branch Hours 24/7 Call Center and Live Help: Available during business hours MAIN OFFICE 2400 Jericho Turnpike Garden City Park, NY Telephone: (800) or (516) Fax: (866) Lobby Hours and Drive-up Teller Window Monday 9:00am 4:30pm Tuesday 9:00am 4:30pm Wednesday 9:00am 4:30pm Thursday 9:00am 4:30pm Friday 9:00am 6:30pm Saturday 9:00am 1:00pm Find a Shared Branch or Surcharge-free ATM As a valued Sperry member, you have surcharge-free ATM access at any 7-Eleven or King Kullen. You can also conduct account transactions at over 60 Credit Union Shared Branches on Long Island. To find the nearest ATM or Shared Branch, visit our website at Tel-24 Touch Tone Service (516) , Option 2 (800) , Option 2 MasterCard Customer Assistance (800) New Mortgages (800) Mortgage Servicing (516) Our Routing Number Your savings are federally insured to at least $250,000 and backed by the full faith of the United States Government. The National Credit Union Administration (NCUA) is a U.S. Government Agency.