August 2007 - Liberty Online

“Every day you get our best.”
August 2007
18 N. 2nd St. • Newark, Ohio 43055 • 740-345-6608 • 1-800-333-2465 • Website: www.fiberglas.org
Grow with your Credit union!
TM
Ohio State vs. Wisconsin - November 3, 2007
The clock runs out on SATURDAY, OCTOBER 27 !
Don’t be penalized for a delay, get to Fiberglas today!
Monday, August 13 through Saturday, October 27,
you have 2 ways to score:
1
Open a new checking account and
you’ll score:
• Complimentary checks*
• A debit card on the house
• Free Bill Pay Classic
• A Goumas gift pack of Buckeye candy
2Open a new certificate of any term and
you’ll score:
• A Goumas gift pack of Buckeye candy
• An entry in our “Grow Bucks” drawing
1st Place Prize: Tickets to the ohio State vS. wiSConSin
football game!
2nd Place Prize: A $200.00 Gift Card to Buckeye Corner at
Easton
3rd Place Prize: A $100.00 VISA ® Gift Card from Fiberglas
Offers available only August 13 - October 27, 2007. Must be an FFCU member 18 years of age or older to participate
in the drawing. Fiberglas FCU reserves the right to limit deposits. Account opening is subject to third party screening.
The winner will be selected by random drawing on October 29, 2007 at 5:00 pm and is responsible for all taxes on
the prize based on the value of the prize. No purchase necessary. *The free checks are limited to the initial order of
150 checks—the Liberty Image Duplicates Style (LIDS). The member may order any other style, but will have to pay
full price. Existing Fiberglas FCU checking account holders qualify for raffle when referring another member for a
checking account. FFCU members are automatically eligible for the drawing when they open a new checking account.
No purchase necessary.
or
Call 345-6608 or 1-800-333-2465
Fiberglas Federal Credit Union is now welcoming the employees and
family of the following companies:
The Boeing Company
Bionetics
Michael A. Haas & Associates
Rainbow International
Vensil- Orr & Chute Funeral Home
Your Volunteer
Board of Directors
Robert Fitzgerald,
Chairman
Marvin “Mick” Dunlap,
Vice Chairman
Maxine Binckley,
Secretary
Tim Binckley,
Treasurer
Dean Athan
Terry Frame
Thomas Lawyer
Andrew Six
Charles VanArsdale
Your Supervisory
Committee
Paul Fertig
Thomas Lawyer
Kathleen Poulton
Your Management Team
Jay Young,
CEO
James Garrabrant,
Chief Operations Officer
Barb Holmberg,
Financial Officer
Larry Miller,
Vice President of Lending
Shani Smith,
Vice President of Marketing
Deborah Ewing,
Compliance/Assistant to
Financial Officer
Jessica Gosselin,
Human Resource Director
Craig Ballantine,
Information Systems Manager
Jason Hall,
Operations Manager
Call 345.6608 or (800) 333.2465

2 August Newsletter
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If you’re starting to invest,
one of the first steps should be to familiarize yourself
with some basic terms. This reference guide can help.
Don’t know where to begin? Contact Fiberglas Federal
Credit Union at (740) 522.7295 for your no obligation
consultation.
Asset AllocAtion -- Dividing your money among
the basic asset classes -- growth, fixed-income, and cash
investments -- to match your financial goals. This diversification
can help investors control risk and improve the
probability of achieving and expected return.
BeAr mArket -- A term that describes a prolonged
period of declining stock prices.
Blue chip -- A company that is a
well-known corporation with a long
history of growth and profits; higher
quality relative to smaller or less established
organizations.
Bull mArket -- A term that describes
a prolonged period of rising stock
prices.
Buying on mArgin -- Buying on a
loan; you’re borrowing the money from
a brokerage house to buy stocks. This is
very risky behavior.
cApitAl gAins -- The amount of
money you make on an investment
when you sell it.
cApitAl loss -- The amount of money you lose on an
investment when you sell it.
DiversificAtion -- Spreading your money among
a variety of investment types, rather than putting your
money all in one place. This can reduce the risk of a
decline in the overall portfolio from a decline in any one
investment or category. For example, you may choose a
mix of stocks, bonds from different issuers within technology,
financial services, health care, and international
investments.
DiviDenDs -- The portion of the company’s profit paid
out to its shareholders.
DollAr-cost AverAging -- A method of buying mutual
fund shares by investing the same amount of money
on a regular schedule (for example, $50 a month),
regardless of market price. This can reduce average share
costs to investors who acquire fewer shares when prices
are higher and more shares when prices are lower.
nAsDAq -- The National Association of Securities Dealers
Automated Quotations system; computerized stock
market where trades are negotiated directly between buyers
and sellers.
portfolio -- Consists of all the assets you own and represents
the choices you’ve made with your money.
prospectus -- A legal document containing information
about a mutual fund or other types of investments.
It describes the investment’s objective, management
style, performance over the past 10
years, background of its officers, and
expenses.
reBAlAncing -- Periodically revising
your portfolio’s asset allocation to keep
it in line with your investment plan.
risk tolerAnce -- Every investor has
the ability to tolerate a certain amount
of change in their portfolio’s value,
including short-term losses from market
declines. Usually, younger investors
can tolerate more risk because they
have more than ample time to recover
from these short-term losses. Vice versa
for older investors. Conservative investors
simply don’t want to experience
any declines. More aggressive investors
tolerate losses well because they are
confident that they will recover before they are required
to sell their investments. Where an investor falls on the
spectrum between aggressive and conservative is called
an investor’s risk tolerance.
time horizon -- The length of time before you must
sell investments to raise cash to meet spending requirements.
Some time horizons are short, like investing for
a vacation next year. Others are long, like investing for
retirement. An investor with a long time horizon can usually
take more risk, and vice versa. When you calculate
your retirement investment time horizon, don’t make the
mistake of ending it on the day you expect to retire. At
that point as much as one-third of your life may still lie
ahead of you and your spending needs will not stop on
your retirement date!
Copyright Credit Union National Association Inc.
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August Newsletter 3
Oh, the ways you can hurt your
credit history and credit score!
n Making late payments. Even just one missed payment
can affect your credit report.
n Writing checks when you don’t have enough
money in your account to cover them. (This is
often called “bouncing” checks.)
n Having a lot of credit cards and loans. If lenders
think you have too much credit available to you,
they may perceive you as a risky customer.
n Maintaining high balances on your credit cards
and loans. Especially with credit cards, lenders
are leery of lending you more money if your balances
are too close to your credit limit.
n Changing credit cards frequently. Lenders like to
see credit card holders maintain long-term relationships
with credit card companies. Your score
may decrease a little if you’re always switching
to cards with a good introductory rate.
Discounted Park Ticket Prices • 2007 SEASON
One day Adult-$21.50 reg. price - $26.95
Ages 3-61, 48” or taller in shoes
Junior/Senior - $11.95 reg. price - $11.95
Ages 3-61, under 48” tall in shoes or age 62 & older
H Ages 2 and under free H
One day Adult-$33.50 reg. price - $41.95
Ages 3-61, 48” or taller in shoes
Junior/Senior - $11.95 reg. price - $11.95
Ages 3-61, under 48” tall in shoes or age 62 & older
H Ages 2 and under free H
You’re probably wondering -- does it really
matter what my credit score is? It matters a lot. Of
course,the worst-case scenario when you have a
bad credit score is not getting approved to borrow
the money you need, not being able to rent
an apartment, or not getting a job. Yes, people
with bad credit can still get approved sometimes
-- but they pay a lot more for the privilege. People
with low credit scores usually have to make higher
down payments or pay higher interest rates. And
remember, on big-ticket items, even 1% more in
interest can have a huge effect on your budgeted
fixed expenses.
Think of having good credit as another important
reserve to have. Just as it’s good to have savings for
unexpected espenses, a good credit score means
you can always borrow money if the need arises.
One day Adult-$34.45 reg. price - $44.95
Ages 3-61, 48” tall & taller
Child/Senior - $25.45 reg. price - $29.95
Ages 3 & up, under 48”/62+
Two Day Adult - $49.45 reg. price - $54.95
Ages 3-61, 48” tall & taller
AT CHERRY VALLEY LODGE
Special - $25.00
reg. price - $40.00
H Ages 2 and under free H

4 August Newsletter
The Longaberger Basket,
The Homestead, Eschman
Meadows, & Dresden
Thursday, September 6, 2007
$52 Per Person, additional $44 or
$59 (your choice) to weave a basket.
Includes transportation to the Longaberger
Basket (corporate headquarters),
the Longaberger Homestead for shopping,
factory tour, and, if you choose,
make a basket. Then to Tami Longaberger’s
home, Eschman Meadows, for
lunch. Depart for shopping the during
the rest of the afternoon in Dresden
before returning to Newark.
Call foR aVailability
Need
a
makeover?
345-6608 • 1-800-333-2465 • www.fiberglas.org
Prime Time
CLUB
For ages 55 and better
Tuesday, October 2, 2007
$21 Per Person
Includes transportation, five hours at
the Argosy, and includes the buffet
lunch.
RSVP and Payment due by:
Wednesday, August 29, 2007
We can help...
with all kinds of affordable
loans for almost any purpose.
Re-do your kitchen,
your debt structure, or
your profile. We have
experienced staff who can
help you find the right loan
for a new look.
Give your home-or
yourself--a facelift.
Call us today.
Let us help open the door to affordable
housing with our Home Loans.
Whether buying or
refinancing, Kimberly will
help you take the first step.
Call (740) 522.8740.
For more information or to RSVP, call Beth
Sheets at Fiberglas Federal Credit Union,
phone 740-345-8416.
Wheeling Downs
& Oglebay Festival
of Lights
Sunday, November 11, 2007
$29 Per Person
Includes transportation, casino general
admission, $5 cash back, and race program.
Then to Oglebay for the holiday
light show and to Mehlmans Cafeteria
(cost of Mehlemans not included.)
RSVP and Payment due by:
Wednesday, October 10, 2007
kbfinancial@midohio.twcbc.com