WCNJ Sponsor Offers Member Benefit!
The Wharton Club of New Jersey is proud to have XCEL Federal Credit Union as a WCNJ Silver Sponsor. The support of XCEL permits the Club to continue its history of offering members outstanding programs and services. WCNJ membership qualifies Club members to join XCEL Federal Credit Union and take advantage of XCEL’s deposit and loan programs; in addition XCEL is offering to reimburse new Club members and current Club members who renew or extend their Club membership 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 4,000 shared branches throughout the US and over $100 million in assets. It offers online account opening, banking and bill pay.
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 to at least $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 the following offers (rates are subject to change without notice).
• Home Equity Loans as low as 5.99% APR for terms up to 5 years.
• New or Used Auto loan rates as low as 4.99% APR for terms up to 60
months.
• 3 month Liquid Certificate ($5,000 minimum, new money to XCEL) –
1.15% APY –Federally insured (deposits and withdrawals are permitted
every 7 days without penalty).
• 24 month certificate – 2.00% APY - $500 minimum – Federally insured
(early withdrawal penalties apply).
• Money Market Accounts – 1.04% APY for balances of $25,000 or
greater – Federally insured (check writing privileges – up to 3 checks per
month)
Other rates and terms are available – see the XCEL website link below.
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 December 31, 2010.
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.
