We ve Made Our Website Safer

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1 JANUARY 2007 We ve Made Our Website Safer MULTI-FACTOR AUTHENTICATION PROCESS As a service, we have provided you, our members, with enhanced security when you access your ABCO Federal Credit Union information our website These changes have to do with how you identify yourself and gain access to your accounts over the internet. This new login process is called Multi-Factor Authentication and provides an additional layer of protection that is considered to be a more reliable and stronger deterrent against account hijacking and identity theft. From now on, when you sign in to our website you will be using Multi-Factor Authentication. As part of Multi-Factor Authentication, you will be asked to complete a one-time quick and easy enrollment the first time you login to your online ABCO Federal Credit Union account. You will now need to know your MEMBER NUMBER your Social Security number will not be accepted for login. Your Member Number is located on your Quarterly Statement in the upper right hand corner. Your PIN that you have created previously will remain the same. During this initial enrollment, you will be asked to create five security questions and answers and create a phrase or description to go along with a security image. Then, each time you return to login, your image and phrase will be displayed, so you will know immediately that it is safe to enter your PIN. To make your login experience easier, you can register your computer. By doing so, each time you login from that computer we will recognize you immediately. If you ever login from an unregistered computer, we will ask you to answer one of your personal security questions to ensure your identity. The one-time enrollment process is easy and will take just a minute or two. By having this additional layer of security, you will be confident that you are on the authentic online banking website for your ABCO Federal Credit Union accounts. No other user or website would be able to display the image and phrase you choose. Enhanced security procedures will add a way to help combat Pharming a scam that tries to lure you to a website that resembles the ABCO website. Once at this bogus site, scammers attempt to convince you to give them your personal account information. Remember, only the ABCO Federal Credit Union site will display the security information you submit and your security image. To learn more about this process, please visit our and click on Electronic Authentication in the In The News Section or visit the Federal Financial Institutions Examination Council website: Any questions, please do not hesitate to call either your local Branch Office or our Toll-Free Number NEW YEAR REMINDER All members must maintain a minimum balance of $50.00 at all times in their Primary Share (Savings) Account. Please take a look at your Quarterly Statement to ensure that you have the minimum balance in your account. Effective March 1, 2007, a less than minimum balance charge of $1.50 per month will be assessed for all Primary Share (Savings) Accounts whose balance is less than $ If you do not have the minimum balance, be sure to deposit or transfer an amount to bring your balance up to the $50.00 minimum. You may transfer in person, by phone or online. Any questions, give us a call.

2 Start The Year Off Right! Move All Your Current HIGH INTEREST CARDS To A Low Fixed Rate ABCO Visa Credit Card with a fixed rate As Low As 8.50% APR* Yes, I/We would like to move my/our high interest credit cards to an ABCO Visa Credit Card. Please fax this form directly to our Consumer Lending Office at FAX: (609) or Call toll-free and speak with a loan officer. THE 31% CREDIT CARD TRAP You started out with a 15.98% APR credit card interest rate. You were late one or two payments. Suddenly your rate balloons to 31%. We call that the 31% Trap! ABCO does not change your rate in this manner. Plus, your initial rate may be a lot lower. Another advantage is that ours is a fixed rate YOU KNOW WHAT YOU ARE GOING TO PAY EACH MONTH. You can even pay your bill online by transferring funds ANOTHER SAVINGS IN POSTAGE AND CHECK COSTS. With all these advantages, isn t it time to put the yellow ABCO Visa card in your wallet! Check one: I would like to open a NEW ABCO Visa Credit Card I have an existing ABCO Visa Credit Card ACCOUNTS AND CURRENT BALANCES: Please provide the following information for each card - attach additional sheets if necessary: Credit Card Holder Name(s) Mailing Address Account Number Balance By signing below, I/we authorize ABCO to transfer my/our credit card balances to my ABCO Visa Credit Card. Name Name Member Number Address Daytime Phone Cell Phone Signature Signature Form is for initial request only. Not a guarantee of financing. Additional information and details may be necessary. If cards are jointly held, both parties must sign. Don t Have A Credit Card? THINK ABCO! You don t have to pay a high rate or go without a credit card. Let us help you look for a way to get or establish credit. Contact us for a confidential consultation. Yes, we have STUDENT VISAs! A VISA credit card is available to students with credit limits up to $2,000. With credit so very important, this is a good way to begin to establish a credit history. Properly used, it is an excellent way to purchase incidentals such as books, clothing, etc., in school. If you (or your child) have a Student VISA Card from somewhere else, you could be paying more than you should. Or, you could have fees, terms and conditions that increase your rate. Let us help you compare. For VISA credit cards, contact any Branch Office or call

3 2007 Nominees FOR ELECTION TO THE BOARD OF DIRECTORS The Nominating Committee has nominated 2 members to fill 2 vacancies on the ABCO Federal Credit Union Board of Directors. Additional nominations for the Board of Directors may be made by petition. Nominations from the floor at the Annual Meeting on 27 March 2007 will not be entertained unless unforeseen circumstances prior to the election result in an insufficient number of candidates for the vacancies. Election results will be announced at the March 2007 Annual Meeting. How To Nominate By Petition The petition must be signed by 1% of the members with a minimum of 20 and a maximum of 500. The petition must contain the signature, printed name and member number for each person. Nominations must be accompanied by a brief statement of qualifications, biographical data and a signed statement from the nominee that he/she is agreeable to the nomination and will serve if elected. The petition must reach ABCO Federal Credit Union, PO Box 247, Rancocas, NJ no later than February 15, NOMINEES FOR THE BOARD OF DIRECTORS FRED DETRICK Graduate of Rutgers, BA, MA Professor of Education at Rowen University until retirement. Member of the Credit Committee, Personnel Policy Committee, Insurance Committee, Education & Marketing Committee, and Investment Committee. MILTON HERSHBERGER Graduate of College of NJ (BA) with an MA in Business. Has extensive experience in finance and business. Member of the Investment Committee, Marketing Committee, and Data Processing Committee. Advisor On The Asset/Liability Committee. Come One! Come All! As a member/owner of the credit union, you're invited to attend the 2007 annual meeting. At other financial institutions, only a select few (those who own stock) are invited to the annual meeting. Customers are not invited. But as a financial cooperative, your credit union is owned by you, and your participation in the annual meeting is one of the benefits of belonging. You'll learn about what's been accomplished in 2006, as well as service improvements planned for the coming year. Hear results of the board of directors' election, visit with your credit union friends, and enjoy a great dinner with entertainment, too. Make plans now to join us at the 2007 Annual Meeting. Return the reservation form and mark your calendar. All members can come to the Annual Meeting at no charge. Dinner after the meeting is $15.00 per person. If you would like to join us for a great evening of dinner, entertainment, and a few surprises, please complete and return the reservation form below. Spouses, children and guests are welcome! Date: March 27, 2007 Place: Carlucci s Waterfront 876 Centerton Rd., Mt. Laurel, NJ Time: 6:30 pm Meeting 7:00 pm Dinner Dinner Price: $15.00 each Bring form to: Any Branch Office or Mail to: ABCO Federal Credit Union PO Box 503, Rancocas, NJ or Fax to: (609) Names of Members and Guests: TOTAL NUMBER $ each AMOUNT TO BE ENCLOSED OR DEBITED $ DINNER RESERVATION FORM Deadline: March 6, 2007 Method of payment Check one: Share Draft/Check Enclosed for $ Please debit $ from my: Share Draft Account Share Account NAME MEMBER NUMBER SIGNATURE DATE

4 TAX TIPS FOR 2006 RETURNS Get Your Tax Refund QUICKLY With IRS Direct Deposit Hoping to encourage savings, the IRS has announced a new change to its Direct Deposit Program. Your refund can now be split into up to three accounts. You can choose among regular savings, share draft (checking) or retirement accounts (IRAs). The IRS will have a new Form 8888 to help. This will add more convenience and flexibility to your savings options especially retirement savings. In order to do this you will need to know two important details 1. Our Routing and Transit Number Your Member Number which is on the upper right hand corner of your statement. See your tax advisor for more information on these and other options from which you can choose. IRA CHANGES Starting in tax year 2006, you can put away more money for retirement.here are a few examples: 401(k) pay in maximum increases to $15,000 Employees born before 1957 can contribute an additional $5,000 to their 401(k), 403 (b) and 457 plans in addition to maximum pay increase noted above. Filers 50 or over can put an additional $1,000 into an IRA or Roth IRA over and above the $4,000 permitted for other filers. There is also an IRA boost for the Military. Military personnel serving in combat zones and receiving taxfree combat pay can put that money into an IRA thanks to a new law, the Heroes Earned Retirement Opportunities Act (HERO Act). This law permits eligible military personnel to make retroactive contributions for 2004 and 2005 as well. Contact ABCO to learn... How to take advantage of IRS Direct Deposit How to best use of the new split deposits option Which are the best savings and retirement products to match YOUR needs How to make the most of your 2006 tax savings. ABCO IRA ACCOUNTS can be designated as: Traditional Roth Coverdell (Educational) SEP & Business IRA options available. IRA Options IRA SHARE (Savings) ACCOUNT $50 minimum deposit Tiered rates IRA MONEY FUND $25,000 minimum deposit No fixed term Higher Dividend Yields IRA CERTIFICATES (CDs) Various fixed terms & rates $500 minimum deposit Highest dividend yields At ABCO we have great rates and terms. Ask us to explain all your options and then consult with your tax advisor to decide which IRA (or combination of IRAs) fits for your financial objectives. Money Market Plus & IRA Money Funds PAY BONUS DIVIDENDS MONEY MARKET PLUS BONUS RATE 5.16% APY +.50% Bonus = 5.66% APY for the entire month of December* *Member must have $ 50,000 on deposit for the entire bonus period, July 1st through December 31st to earn the bonus. Next anticipated bonus period: January 1st through June 30th. IRA MONEY FUNDS BONUS RATE Roth & Traditional Accounts 4.86% APY +.50% Bonus = 5.36% APY for the entire month of December* *Member must have $ 25,000 on deposit for the entire bonus period, July 1st through December 31st to earn the bonus. Next anticipated bonus period: January 1st through June 30th. AT ABCO YOU DO NOT NEED TO WORRY ABOUT YOUR INVESTMENTS OR LOSING YOUR PRINCIPLE. ABCO Money Market and IRA accounts are Safe and Insured At NO Extra Charge to you, our members! Regular Money Market Accounts are insured up to $350,000 Recently the insurance for IRA Accounts has been raised. IRA Accounts are now insured up to $500,000 Don t take your chances with the Ups and Downs of the Stock Market. Put your money where it will be safe and get a great rate, too. Ask us about ALL our great investment vehicles - including rates for JUMBO rollovers. *APY=Annual Percentage Yield. Assumes reinvestment of interest. Money Market Accounts are computed daily and paid monthly. Minimum balances above are required to earn stated APYs. The Annual Percentage Yield may change at any time without notice as determined by the Credit Union Board of Directors. A PENALTY WILL BE ASSESSED FOR EARLY WITHDRAWAL. The APY is the prospective yield that the credit union anticipates paying for the applicable dividend period.

5 A reverse mortgage works as it implies... the reverse of standard mortgages. Instead of paying a mortgage company...they pay you! Reverse mortgages are for those 62 or older with little or no mortgage and pays a lump sum, credit line or monthly payment, as a loan on the equity in your home. Just like any mortgage, the mortgage company will have a lien on your title, but also like any mortgage you remain the property owner. You can sell or bequeath your home at any time, just like you can any other property with a mortgage. Who is eligible? Occupying homeowners over 62 with equity in their homes. There are no income or credit requirements because you won t be Over 62? Let Your Home Pay You! ABCO Now Offers Reverse Mortgages... Here s How It Works. making any payments. How much can I get? The amount you can receive depends on three factors your age, equity and the current rates. We can tell you in just a minute with one phone call. How do I receive the money? You can choose from several options or a combination of choices. 1) A lump sum, 2) a line of credit, 3) a monthly payment that is guaranteed to go on for as long as you live in the home, 4) a term payment that last for a predetermined amount of years. It is common for borrowers to choose a combination of choices such as a lump sum to pay off an existing loan like a car, putting some aside in the form of a credit line for any unexpected need and take the remainder in the form of a monthly payment to supplement income. No payment is due until you leave your home. Should you decide to move you pay the mortgage balance at closing with the proceeds as you would any mortgage. Should you leave the home to your heirs they have the same option of selling, or paying the balance or refinancing and keeping the home. You or your heirs will never owe more than the equity in the home no matter how long you live, how much you have in assets or how much money you received! NEVER! You can not possibly leave your heirs with more debt than equity. For complete details and to see if a reverse mortgage is right for you, contact the Mortgage Department (609) or ABCO SCHOLARSHIP FUND SCHOLARSHIP FORMS DUE FEBRUARY 28, for the annual New Jersey Credit Union Scholarship Competition 10 SCHOLARSHIPS WILL BE AWARDED BY THE NEW JERSEY CREDIT UNION LEAGUE. In addition... we, at ABCO, have our own Scholarship Program which awards additional $500 scholarships. Last year, eight ABCO Scholarships were awarded. Any High School Senior who is an ABCO member in good standing (or who joins ABCO when the application is submitted) can enter the competition. All winners are judged and ranked by an independent group of the NJ Credit Union League and are based on subjective criteria such as essays and weighted objective criteria such as academic performance, extracurricular and community activities, references and personal goals. Allow some time to complete the form. ABCO scholarships are awarded based on this ranking. To obtain a Scholarship Application Form call Gina Lehman at (609) or Send us an In the Subject Line type: Scholarship Application Please include only your name, address, phone number. For security, do not include your Social Security or Member Number. YOU can make a difference The number of scholarships ABCO awards is based on two factors - a stipend from the Board of Directors and donations from members, like you. The more we collect, the more scholarships we can award. PLEASE GIVE A HOOT DONATE TO OUR FUND Your donation may be tax deductible to the extent allowable by law. SCHOLARSHIP DONATION FORM Please complete and return In Person to any ABCO Branch Office; By Fax to: ; or, By Mail to: ABCO Student Scholarship Fund P.O. Box 503 Rancocas, NJ If you are donating by check or share draft, make your check or share draft payable to ABCO Student Scholarship Fund. Your donation may be tax deductible. 9th Annual Scholarship Fund Drive Yes! I want to donate money now to ABCO s Scholarship Fund. Please deduct $ from my Share Draft (Checking) Acct. or Share (Savings) Acct. Name Phone # Address City/State/Zip Acct. No. Signature I would also like to donate annually. Please deduct $ every Oct. 1st from my Share Draft (Checking) Account or Share (Savings) Acct. (I will notify you in writing if I decide in the future not to participate in this fund drive.)

6 Mailing Address: P.O. Box 247, Rancocas, NJ Big City Efficiency...Small Town Friendliness 24-Hour Touch-Tone Teller Visa (eve. & weekends) ATM/Check Card (eve. & weekends) Business Services (609) Brian Yannerella *CU Insurance Service Group *Auto & Homeowner Insurance *All other insurances: Business/Group Insurance, Individual Life/Disability Insurance, Long Term Care Insurance, Pet Insurance **Mazzucco & Co., CPA s, Tax & Financial Planning (856) **Credit Union Discount Real Estate System *Insurance Products are offered through various insurance companies in association with CU Insurance Services Group ( CUSO ), an affiliate of ABCO Federal Credit Union ( Credit Union ). Auto, vehicles, and Homeowners Insurances are administered by The Cayemitte Group. The insurance products are not federally insured and are not obligations or guaranteed by the Credit Union, CUSO or any other affiliated entity. **ABCO Federal Credit Union provides the above benefits to our members without opinion to the service provided. OFFICE LOCATIONS WILLINGBORO OFFICES Willingboro Full Service Banking Center 666 Beverly-Rancocas Road (609) FAX (609) Mon.-Fri. 9 am-6 pm Sat. 9 am-1 pm Drive Thru: Mon.-Fri. 7:30 am-6 pm Sat. 9 am-1 pm WILLINGBORO LOAN OFFICES East Ridge Shopping Center 621 Beverly-Rancocas Rd. Consumer Lending Loan-By-Phone Consumer Loan Office (609) Fax (609) Mon.-Fri. 8 am-5 pm Mortgage Department (609) Fax (609) Mon.-Thurs. 9 am-5 pm Fri. 9 am-6 pm RANCOCAS VILLAGE OFFICE 215 Main St., Rancocas, NJ (609) FAX (609) Mon.-Fri. 9 am-5 pm ATLANTIC COUNTY OFFICE 6716 Black Horse Pike - Suite 8 Egg Harbor Twp., NJ (609) FAX (609) Mon. & Fri. 7:30 am-6 pm Tue., Wed. & Thurs. 9 am-5 pm COOPER HOSPITAL OFFICE (Hospital Employees Only) 1 Cooper Plaza, Camden, NJ (856) FAX (856) Mon. & Fri. 7 am-5 pm Tue., Wed., & Thurs. 9 am-5 pm GLASSBORO OFFICE Doubletree Center 870 Delsea Drive Glassboro, NJ (856) FAX (856) Mon.-Thurs. 9 am-5 pm Fri. 9 am-6 pm Sat. 9 am-12 noon RIDER UNIVERSITY OFFICE (Students & Employees Only) Student Center/Rider University 2083 Lawrence Road, Lawrenceville, NJ (609) FAX (609) Mon. - Fri. 8 am to 4 pm Closed Daily: 12:30-1 pm WALL OFFICE 1415 Wyckoff Road P.O. Box 1462 Wall Township, NJ (732) FAX (732) Mon. - Fri. 9 am-5 pm Closed: 1-2 pm MAZZUCCO AND COMPANY, CPAs Moorestown Office Center 110 Marter Avenue, Suite 206 Moorestown, NJ Phone Fax [email protected] Gary F. Mazzucco Jennifer L. Anderson Brian W. Frampton Leanne Birks A full service CPA firm providing income tax preparation, accounting services and financial planning for individuals, businesses and estates. Day, evening and weekend appointments available. HOLIDAY CLOSINGS Jan. 15..Martin Luther King, Jr. s Birthday Feb Presidents Day (Observed) Atención Para preguntas o explicacio n de los servicios del Credit Union, llame al (609) o ABCO NO FEE ATMs ATLANTICCAPE COMMUNITY COLLEGE Atlantic City Campus 1535 Bacharach Blvd. Atlantic City, NJ Cape May Campus 341 Courthouse - South Dennis Rd. Cape May Courthouse, NJ Mays Landing Campus 5100 Black Horse Pike Mays Landing, NJ BOB S CORNER DELI Located on Back of Building (Outside) 488 Delaware Avenue, Roebling, NJ BURLINGTON COUNTY COLLEGE Mount Laurel Campus Located in the Break Room 3331 St. Hwy. 38, Mount Laurel, NJ Pemberton Campus Located in the Student Book Store Route 530, Pemberton, NJ CITY OF BURLINGTON MUNICIPAL BUILDING Located in Front Lobby 525 High Street, Burlington, NJ CVS WAREHOUSE Located Inside Building (Employees only), Westampton, NJ COOPER MEDICAL CENTER Located on the Second Floor One Cooper Plaza, Camden, NJ SKIP S PLACE Located Inside 71 Pemberton-Browns Mills Road Browns Mills, NJ RIDER UNIVERSITY Main Campus - 2 Locations Library & Daly Cafeteria 2083 Lawrenceville Road Lawrenceville, NJ Westminister Choir College of Rider University Student Center 101 Walnut Lane Princeton, NJ NEW ABCO ATMS AT ALL BRANCHES SURCHARGE-FREE ATMS Access to over 32,000 ATMs Nationwide with your ABCO ATM/Visa Check Card. Look for the Allpoint Logo or Go to our to find a location. ABCO FEDERAL CREDIT UNION S ROUTING AND TRANSIT NUMBER ABCO FCU is not responsible for typographical errors, omissions or misprints in this publication. A $50.00 PRIMARY SHARE ACCOUNT IS REQUIRED FOR MEMBERSHIP AT ALL TIMES TO BE ABLE TO TAKE ADVANTAGE OF THE PRODUCTS AND SERVICES THE CREDIT UNION OFFERS. Go Online