 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
News & Announcements
Scholasrship applications are available for download by clicking on the below link. You can also call the Credit Union and we can mail you an application. Applications are due by May 31, 2011 and you must submit an official transcript with the application.
In case of severe weather, the credit union will open at 10am and will close early depending on the severity of the storm.
Ending Over-The-Counter Sales of Paper Savings Bonds
Frequently Asked Questions
What is changing?
The U.S. Department of the Treasury will end sales of paper Series EE and I savings bonds
through over-the-counter channels (e.g., financial institutions and mail-in orders) at the end of
this year. Savings bonds will remain available for purchase as electronic issues in
TreasuryDirect.
Why is Treasury ending sales of paper savings bonds?
Ending sales of paper savings bonds is a continuation of the Treasury Department's "allelectronic"
effort announced in April 2010. The initiative will increase electronic transactions
to reduce costs and enhance customer service. Ending sales of paper bonds will save an
estimated $70 million over the next five years. Technology makes it possible for us to sell and
maintain savings bonds and other Treasury securities electronically in TreasuryDirect at a
reduced expense to taxpayers.
When will the paper bond program end?
Over-the-counter sales of paper savings bonds will be discontinued at the end of this calendar
year. Final applications from customers must be received by December 31, 2011, by an
issuing agent. Applications mailed directly to a Federal Reserve Bank by customers must be
received by December 31, 2011.
Does this change end all sales of paper bonds?
When the Treasury Department stops selling savings bonds through over-the-counter
channels, it will effectively end the paper savings bond program, with one exception. In 2010,
a new Tax Time Bond Program was introduced making it possible for tax filers to purchase
paper Series I savings bonds with their tax refunds. That purchase option will remain
available.
What happens to the previously issued paper bonds?
They are valid issues of the U.S. Treasury and will earn interest for 30 years or until
redeemed. Paper bonds can be converted to electronic savings bonds in TreasuryDirect
using a program called SmartExchange®. There's no charge to convert paper bonds. They
won't lose any of the interest earned, and they retain their original issue dates and interest
rate terms.
What about people who've been buying paper bonds to pay future college expenses?
Paper savings bonds will no longer be available; however, the same education tax exclusion
rules apply to electronic savings bonds in TreasuryDirect.
What about customers who like to give savings bonds as gifts?
TreasuryDirect has a gift feature so customers can buy electronic savings bonds as gifts. The
recipient of the gift must have a TreasuryDirect account (or be named on a minor linked
account if under 18 years old) to receive the gift. Customers can hold bonds in their Gift Box
area in TreasuryDirect until the bonds are electronically delivered.
What is TreasuryDirect?
TreasuryDirect is a secure Web-based system that allows investors to establish accounts to
purchase, hold and manage Treasury securities online. Investors can purchase Series EE
and I savings bonds, Treasury bills, notes, bonds and TIPS (Treasury Inflation-Protected
Securities) through TreasuryDirect.
What are the advantages of TreasuryDirect?
• Investors can buy, manage and redeem Treasury securities online 24/7, all from the
convenience of home, work or wherever they have secure Internet access.
• Investors can diversify their holdings since TreasuryDirect also offers Treasury bills, notes,
bonds and Treasury Inflation-Protected Securities (TIPS).
• Investors can establish multiple registrations in one account.
• Investors can set up a simple payroll savings plan to automatically invest in savings bonds.
• Investors can schedule recurring purchases for savings bonds and marketable securities.
• Savings bonds purchases are generally added to the account in just one business day.
• Since the securities are electronic, there is no paper to lose, and no need to go to a local
financial institution to redeem them.
• When the funds are needed, and after the minimum holding period has been reached,
investors can redeem part or all of their savings bonds. The payment will be deposited to the
checking or savings account they choose and funds should reach the bank or credit union in
just one business day.
• Details such as issue date and current value are tracked.
• Accounts can be established for minor children and for specific purposes such as education
or vacations.
• A summary of account activity, including recent purchases, payments and account balance,
is provided.
How can I get more information about TreasuryDirect?
For more information, visit www.treasurydirect.gov.
“TreasuryDirect” and “SmartExchange” are registered trademarks of the United States
AT GREENWICH MUNICIPAL EMPLOYEES FCU, WE ARE GOING GREEN!
If you have a checking or savings account and are enrolled in our online banking service you may now sign up to have your statements delivered electronically.
This new delivery method is more SECURE, CONVENIENT and it’s an ENVIRONMENTALLY FRIENDLY alternative to receiving paper statements.
BENEFITS OF ELECTRONIC STATEMENTS:
Receive your statement days sooner. You will receive an email delivery notification alerting you that your statement is ready for viewing on the next business day after your statement period ends. You will have the ability to view up to three months worth of statements.
Your E-Statement looks like your paper statement. E-Statements are PDF files viewable using Adobe® Acrobat® ReaderTM.
Easier to archive your statements. With E-Statements you can archive all of your statements right on your computer. Print them out any time you need to, and you'll never have to hang on to a paper copy. For added peace of mind and convenience you can also archive the files to floppy disk or CD.
Better for the environment. An environmentally-friendly choice eliminating excess paper and peace of mind through added protection from potential identity theft occurring when statements are taken from a mailbox.
To enroll in E-Statements, log in to NetBranch, and simply click on the E-Statements link in the left side menu box.
We are getting the word out about MEMBERS Auto and Home Insurance, a dependable insurance program made available to our credit union members. This protection is provided by Liberty Mutual Insurance Company and made available to credit union members by the insurance companies of the CUNA Mutual Group. When was the last time you compared insurance rates? Here’s an opportunity to discover the benefits MEMBERS Auto and Home Insurance has to offer. Click on the link on the green tool bar, AUTO/HOME INSURANCE or call 1-888-380-9287 to get your quote today.
Coverage provided and underwritten by leading insurance companies, including Liberty Mutual Insurance Company and its affiliates, 175 Berkeley Street, Boston, MA. To the extent permitted by law, applicants are individually underwritten; not all applicants may qualify. Discounts are not available in all states and discounts vary by state. A consumer report from a consumer reporting agency and/or motor vehicle report will be obtained on all drivers listed on your policy where state regulations allow. The insurance offered is not a deposit and is not federally insured or guaranteed by your Credit Union.
We have resigned for the Bronx Zoo & New York Aquarium Online Discount Ticket Program. As a member of this program, you are now able to buy discounted tickets for both the Bronx Zoo and New York Aquarium with the added convenience of printing your admission tickets from your computer and presenting them at the entrance turnstiles bypassing ticket booth lines.
You may purchase tickets immediately by visiting our exclusive Wildlife Conservation Society Online Discount Ticket Store by going to our online store 24/7 at https://tickets.wcs.org/ and enter this personal Store Name: gmefcu
We hope you and your family are able to enjoy the Bronx Zoo and New York Aquarium this season!
