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Your Ticket To Savings!
Our VISA® Platinum Preferred Credit Card is a great way to save money. This card
offers an interest rate as low as 8.75% APR,* NO rate increase for a late payment,
cash advance or over-credit-limit charge. The fees for late payment and over-limit
charges are very low. And ScoreCard® Reward Points are earned at the rate of one
point for each $1 purchase.
VISA Platinum Preferred provides travel accident insurance when tickets are
purchased with our VISA card, a variety of concierge services, 24-hour medical
information and business-related research services.
VISA Platinum Preferred is the card you definitely should have in your wallet. It's
the affordable way to save while you're enjoying your life!
Stop by, call us at (304) 455-4029 or visit our website www.bayerhfcu.com to
apply or for more information. Get our VISA Platinum Preferred Card - your ticket
to savings!
*APR=Annual Percentage Rate. Rates and terms are subject to change without notice. Other rates and terms available. Contact credit
union for complete details.
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Bayer Heritage Federal Credit Union has
formed a new partnership with Newtek
Business Services, Inc. in order to offer our
business members a full array of financial
products and services.
Newtek provides its suite of business
solutions to small- and medium-sized
businesses throughout the United
States. This suite includes:
-
Account Receivables Financing
- Merchant Cash Advance
- Electronic Payment Processing
- E-Commerce
- Web Services
- Data Storage
- Payroll Services
This financial partnership is a win-win for all
our business members, a one-stop shop for
everything to enhance your bottom line!
For more information about this new
benefit for Bayer Heritage FCU members,
call us now to learn how your business can
profit from our products and services!
Jon Schmidt
Senior Vice President,
Newtek Business Services, Inc.
(212) 273-8241
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Mark your calendar and plan to join us for
Bayer Heritage FCU's Annual Meeting on
Saturday, September 26, 2009. The event
will be held at the Wetzel County 4-H
Grounds in West Virginia.
Are you interested in serving on our Board
of Directors? Check out the minimum
criteria each prospective Board of
Directors candidate* must meet before his
or her name can be placed on the ballot:
- Be a primary member of Bayer Heritage
Federal Credit Union. A joint account
owner is not a primary member.
- Be a primary member in good standing.
This means that at no time during
membership has the candidate caused
the credit union a monetary loss.
- Be at least 21 years of age.
- Be bondable.
- Provide the Nominating Committee with
a written statement as to "Why I want to
serve on the Board of Bayer Heritage FCU,"
along with a resume, no later than one (1)
month prior to the Annual Meeting date.
Incumbent Board Members are exempt
from this requirement, but they may
provide a written statement if they desire.
- Complete modules V-100, V-101, V-102 of
the Volunteer Achievement Program.
- Watch the "Credit Union Board
Effectiveness" video. Members nominated
from the floor as allowed by current
by-laws must complete modules V-
100, V-101, and V-102 of the Volunteer
Achievement Program and watch the
"Credit Union Board Effectiveness" video
within three (3) months of their election or
face removal from office.
If you are interested in running for Bayer
Heritage FCU's Board of Directors, call
(304) 455-4029 for additional information.
Stop by your local office after Labor Day to
pick up your tickets. See you there!
*These criteria also apply to all potential Supervisory
Committee Volunteers.
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Dear Bayer Heritage,
Sometimes we don't take the time to
thank someone for their kindness in
times of trial. I was facing a strike at my
plant and asked different places that I
owed money if I could pay the interest
till things got settled or our situation
improved. You were the only ones
that gave us that relief. Everyone else
wanted full payment. For this we are
very grateful to you. Helping us out at
our time of hardship makes us feel we
can come back to you for any of our
future needs. Thank you again for your
act of kindness toward us.
Satisfied Member
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 During our recent membership drive, everyone who opened a new account or
signed up for a new service was entered in our GPS sweepstakes drawing. The
lucky winners of a Garmin nüvi® 265T GPS are listed below:
- Michael and Amy Brown
- Aaron Hill
- Chet Melton
- Thomas Payne
- Janet Proulx
- Jeff Seavy
- Regenia Young
Congratulations to these
members who are taking full
advantage of Bayer Heritage
FCU's products and services.
We steer you right!
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 Dollar Dog and the Easter Bunny made special appearances at
several Easter egg hunts during the month of April. They didn't
find any eggs but they sure had fun watching all the kids filling
their baskets!
Dollar Dog will be making the rounds again this summer so be sure
to stop by your local branch or visit www.bayerhfcu.com to learn
about upcoming events.
Our money-savvy canine will be on hand for the Report Card
Drawing. For each "A," students will receive one entry in the drawing
for a $25 Gift Card. To enter, kids should take their report cards to
their credit union branch by June 30.
Kids will also get a Summer Fun Pack to take home and enjoy.
There's kid-friendly information on saving money and a coloring
sheet to return to the credit union, for another special treat! So don't
miss out - get the kids involved in learning about saving and having
fun at the same time!
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If you feel the urge for "a little something"
sweet, you'll soon be able to satisfy your
craving while supporting our fundraising
effort for the Children's Miracle Network.®
Beginning in August and running through
the fall, we'll be holding a candy bar
sale whose proceeds will go to this very
worthwhile organization. We're hoping to
make kids' lives as enjoyable as yours will be
when you enjoy these sweet treats!
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Don't forget to send in your "Skip"
coupon and enjoy the fun this summer.
Members recently received a postcard
with an application to skip a loan
payment during June, July or
August. The form must be received
at the credit union five days prior to
the loan payment's due date.
For more information or to receive
your application, stop by or call
us at (304) 455-4029. We
want you to "skip" and
relax this summer!
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Bayer Heritage FCU recently announced the winners of its 2009 scholarship awards.
A total of $11,000 in grants will help pay for college tuition, books or room and
board. To be eligible, applicants had to have a credit union account, be a graduating
high school senior and have at least a 3.0 grade point average. The winners, drawn
at random from among those who entered, are:
- Megan Arman
- Matthew Cheek
 Corrine Clayton- Corey Cunningham
- Ashley Deel
- Courtney Dessel
- Laura Fielden
- Christopher Fuller
- Ryan Kotar
- Morgan Murray
- Andrew Robinson
Congratulations to our scholarship winners!
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If you use Quicken® software to manage your finances, you can download your
account information from our website. Just follow these easy steps:
- Login to CU@Home.
- Select "Other Options".
- Select "Direct-Line" Enrollment.
- Your account records will then be transferred to your Quicken program, but you will
have to wait 48 hours to access your records.
- Within Quicken, enter your Username and Password (the same as CU@Home).
If you have questions, please call (800) 272-6003 ext. 1253.
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We listened to our business
members' requests for expanded
services and sound fiscal advice,
so we're very excited about our
new partnership with Newtek
Business Services, Inc. We chose
Newtek because of this company's
commitment to high-quality
services and top-level
customer care.
Since our business members are a
very important part of our overall
membership and a significant
contributor to our sound bottom
line, we are always looking for
strategic and innovative ways
to strengthen that relationship.
Especially in these difficult
economic times, we feel that this
cooperative agreement is a big
"plus" for our business members
and will enhance their bottom line.
We value our members and
want to provide the most
comprehensive business service
offerings. Together, Newtek and
Bayer Heritage Federal Credit
Union will help businesses when
they need it most.
Please call or drop by for more
information on our expanded array
of business services. Jon Schmidt,
Newtek's senior vice president, can
be reached at (212) 273-8241. He's
eager to meet you and help you
increase your business's profitability!
Robert D. Burrow, President/CEO
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When you use your Debit Card for a purchase, the store or business that takes your payment requires an
authorization from the credit union before it accepts your card. When the credit union gives that approval,
the "pre-authorization hold" will reduce, or place a "hold," on your Checking Account balance. The "hold"
remains until the money is actually transferred, usually from one to three days after the purchase.
The amount of the "hold" is determined by the store or business where you make your purchase.
It's important to note that the "hold" amount can differ from the actual purchase amount. An
increased amount is often the case at the gas pump or at a hotel where the final price is unknown
at the time your Debit Card is approved.
Some gas stations use a standard "hold" of $1, while others impose larger amounts. Here is an
example of a larger pre-authorization when paying for gas at the pump:
Before you pump the gas, the machine on the pump is programmed to pre-authorize a certain amount
of money (sometimes up to $75) to ensure the merchant will receive his or her money. Once you finish
pumping gas, the pump will reverse the pre-authorization and charge your Debit Card for the actual amount.
Occasionally the gas pumps are offline or the merchant settles the account only once a day or every few days.
The real-time withdrawal from your account is thus delayed until the merchant completes the transaction.
There is a solution. You can avoid the larger pre-authorization "hold" on your account by choosing "credit" rather than
"debit" when given the choice. That way, there's no "hold" and questions about the balance in your account.
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Payments from your IRA are subject to
federal income tax withholding, unless
you elect no withholding.
You may change your withholding
election at any time prior to your
receipt of a payment. To change your
withholding election, complete the
appropriate form provided by your
credit union.
Withholding from IRA payments, when
combined with other withholding,
may relieve you from payment of
estimated income taxes. However, your
withholding election does not affect
the amount of income tax you pay.
You may incur penalties under the
estimated tax rules if your withholding
and estimated tax payments are
insufficient.
© 2001, CUNA Mutual Group
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To celebrate Youth Month in April, Bayer Heritage held reward drawings at
our branch offices. Dollar Dog members filled coin savers with money to be
deposited in their accounts. Once they made the deposit, they were entered to
win a $25 Wal-Mart® Stores Shopping Card. Our lucky winners are listed below:
Proctor Office: Ryan Ludolph - $25 Shopping Card
New Martinsville Office: Jessa Bates - $25 Shopping Card
Moundsville Office: Austin Brown - $25 Shopping Card
Pittsburgh Office: Jack Scanlon - $25 Shopping Card
Bushy Park Office: Alyssa Britton - $25 Shopping Card
Crowfield Office: Madison Espinal - $25 Shopping Card
Texas Office: Wayne E. Laza - $25 Shopping Card
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During April, any credit union member 18 and under who made a donation of a "new or gently used book" (one per member), was entered in a drawing for a $100 U.S. Savings Bond. Congratulations to our winner, Evan Eggleston!
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Independence Day - Saturday, July 4, 2009
Labor Day - Monday, September 7, 2009
Member Appreciation Day - Saturday, September 26, 2009
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Member Appreciation Day - September 26, 2009 -
West Virginia Office
Annual Business Meeting - September 26, 2009 -
West Virginia Office
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During July, we'll be updating our website to make Online Services simpler to
use. This member-friendly change will make it easier for you to manage your
money 24/7, whenever and wherever you have Internet access.
On our home page, the existing "eStatements" button will be replaced with
"Online Services." Click on the "Online Services" button and you'll be linked
to a screen with four online products - CU@Home, BillPayer, eStatements
and Quicken - each with an explanation and instructions for signing up. You
must be enrolled in our Online Services to receive eStatements.
Stop by or call us at (304) 455-4029 for more information on our website
changes that will save you time, money and energy!
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Don't forget - you can enjoy FREE BillPayer service when you have 10 or
more signature-based debit card transactions per month. Visit www.bayerhfcu.com to set up your bill payment schedule today!
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Can The 'Hold' Amount Be Different From The Purchase Amount?
Youth Month Book Drive