The Wharton Club of New Jersey is proud to welcome XCEL Federal Credit Union as a new WCNJ Silver Sponsor.  The support of XCEL permits the Club to continue its history of offering members outstanding programs and services.  In addition, not only does WCNJ membership now qualify Club members to join XCEL Federal Credit Union and take advantage of XCEL’s deposit and loan programs, but XCEL is offering to reimburse new Club members (and until November 30th, current Club members who renew or extend their Club membership), for up to half of the applicable standard one-year Club dues.  The following announcement from XCEL Federal Credit Union outlines the opportunity in greater detail.

XCEL is a member-owned not-for-profit financial cooperative federally chartered in 1964 to serve Port Authority of NY and NJ Employees. XCEL has since expanded to serve more than 13,500 members from 75 employer groups and associations. XCEL is headquartered in New Jersey with branches in New York and New Jersey, more than 3,800 shared branches throughout the US and over $100 million in assets. It offers online account opening, banking and bill pay. XCEL is stable, strong, and safe, and is rated 4 stars (Excellent) by Bauer Financial. Bauer Financial is a bank and credit union rating company that has been in the rating and analysis business for over 25 years.

XCEL is professionally managed and staffed and is governed by a volunteer board of directors elected from the credit union’s membership. As a federal credit union, XCEL is federally insured, regulated, and examined annually by both the federal government and an independent CPA firm. Each member's total deposits are insured up to $250,000 by the National Credit Union Administration (NCUA), a U.S. Government agency.

Members of the Wharton Club of New Jersey and their immediate family members are entitled to a bonus of 0.15% on all certificates and a discount of 0.15% on all auto, personal, and home equity installment loans opened by December 1, 2009.  Examples below are as of September 1, 2009 and reflect the 0.15% discount or bonus (rates are subject to change without notice).

• Home Equity Loans as low as 5.84% APR for terms up to 10 years.
• New or Used Auto loan rates as low as 4.84% APR for terms up to 60 months.
• 3 month Liquid Certificate ($5,000 minimum, new money to XCEL) – 2.15% APY – Federally
   insured  (deposits and withdrawals are permitted every 7 days without penalty).
• 12 month certificate – 2.35% APY - $20,000 minimum – Federally insured (early withdrawal penalties
   apply).
• Money Market Accounts – 1.75% APY for balances of $25,000 or greater – Federally insured
   (check writing privileges – up to 3 checks per month) – no bonus at this time on money market accounts

XCEL will reimburse ½ of the actual amount paid for WCNJ dues for NEW WCNJ members (up to $45) if they join XCEL concurrently.  Current Wharton Club of New Jersey members who renew or extend their membership and join XCEL concurrently with their renewal/extension will receive a reimbursement from XCEL of ½ of the actual amount paid for their WCNJ renewal dues (up to $37.50).  The renewal reimbursement benefit will be in effect until at least November 30, 2009.

Click here for the XCEL rates and home page.  For more information, call Ray de Quintal at 201-546-2928 or send an e-mail to raydequintal@xcelfcu.org.  The XCEL Member Call Center can be reached at 800-284-8663, option 3.

Please join us in welcoming XCEL Federal Credit Union as a WCNJ Silver Sponsor.  A representative of XCEL will be present at WCNJ’s Club events in October and November to answer any questions you may have about XCEL

Note: The Wharton Club of New Jersey does not endorse, or provide any warranty regarding the products and/or services of, its sponsors.