Credit Lines

For A Successful Savings Plan, Climb The Ladder!

Today’s roller coaster stock market can make anyone unsure about investing their hardearned money. If you’re looking for a safe, secure way to invest your money, look no further than your credit union. You already know Share Certificates are a worry-free way to earn dividends, but if you use a technique called laddering, it can increase your overall Share Certificate investment return and you’ll retain liquidity. Best of all, with a low minimum of $500 you can take advantage of this investment now and see how fast your money grows! For example:

You are going to invest $5,000 into one certificate with a term of 30 months, which means you are locked into one rate for the entire term of the certificate. Instead, try investing in 4 separate credit union certificates. Purchase a 12 month, 18 month, 24 month, and 30 month certificate.

More Benefits
Laddering the maturity dates gives you the opportunity to reinvest at least some of your savings in higher yield certificates should rates go up. You can also ladder your maturity dates to match the timing of your financial goals, such as: college tuition, vacation plans, home improvements, retirement, or anything you are saving for.

Laddering Is The Safe Saving Strategy
Because your accounts are federally insured, Share Certificates offer the benefits of a guaranteed fixed income with no risk to your principal. We offer certificates that range in terms from 6 months to 30 months, and we can help you establish a regular savings plan that works for you.

Start Saving Today!
It’s never too late to start saving for the future! Stop by the credit union today to take advantage of our great Share Certificate rates and low deposit minimum of $500. You’ll be amazed at how quickly your savings will multiply!

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Bonus Dividend/ Interest Refund

Your Board of Directors has agreed to pay a Bonus Dividend and/or an Interest Refund to members in good standing based upon our year-end financial performance and current year undivided earnings. The amount of the Bonus Dividend and/or Interest Refund will be determined at the sole discretion of the Board of Directors. The percentage will be determined from available earnings after required transfers to reserves at the end of the dividend period.

You are a member in good standing with Atlantic City Electric Company EFCU if you: maintain at least one share with our credit union ($5.00), all your share accounts have a positive balance and all your loans are current. If you are in good standing as of December 31, 2008, then you may be eligible for a Bonus Dividend and/or Interest Refund.

We’re Boring. We Admit It.
We’re a credit union. A union of people extending credit to one another. People like you, your family and your co-workers. No exotic loans in foreign countries. No investments in big Wall Street firms. No subprime. Just loans to our members. For cars and houses and education. For you.

It sounds boring and old fashioned, and it is. But during times like this, aren’t old fashioned values like our credit union just what we need?1

1Credit Union Journal September 22, 2008, p. 6. “Offering Some Different Views on ‘Once-A-Century’ Events” by Frank J. Diekmann

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Your Money - Safe and Sound!

You don’t need to worry about your money. Your credit union is supervised by the
National Credit Union Administration (NCUA) which also manages the National
Credit Union Share Insurance Fund (NCUSIF). Share insurance is similar to the
deposit insurance provided by the FDIC to bank account holders. It’s important to
remember that not one penny of insured savings has ever been lost by a member of a federally-insured credit union.

The NCUSIF insures your share accounts against monetary loss due to a credit union failure. Your share insurance covers up to $100,000 on your credit union individual accounts. These individual accounts include regular shares, share drafts, money market accounts and share certificates. When your account balances total $100,000 or less at the same credit union you are fully covered.

For example, if you have a regular share account, a share draft, and a Traditional IRA at the same credit union, you are insured up to $100,000 on your regular share and draft share accounts and your IRA accounts are insured up to a total $250,000.

For more information about NCUSIF insurance visit www.ncua.gov/ShareInsurance/index.htm.

Holiday Skip-A-Payment
Free up some cash for holiday spending this holiday season! ACECEFCU members in good standing will have an opportunity to skip their December payment on their qualifying credit union loan(s) for a low processing fee of just $35 per loan.Watch your mailbox for information.

The 12-12-12 Holiday Loan Is Back
Borrow $1,200 for 12 months at 12.00% APR.*
Available October 1, 2008 – January 15, 2009

You can get the extra cash you need to brighten your holiday season, take a vacation, or achieve any other financial goal with our 12-12-12 Holiday Loan – your all-purpose loan solution! Applying is easy. Stop by the credit union, or apply for your loan anytime day or night. Apply at www.acecefcu.org or call Whenever Loan at 1-866- 866-1956.

*Rates and terms subject to change. Other rates and terms available. Contact the credit union for complete loan details.

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Go Green And Save Time, Gas And Money!

Life is hectic, gas is expensive and you may be looking for ways to reduce your gasoline consumption. Atlantic City Electric Company EFCU is making it easier to manage your money with our online Home Banking services. Go online and eliminate the paperwork and pain at the gas pump.

By using Home Banking and Bill Pay, you can save time and go green! Not only can you simplify your life by managing your money and paying bills online, you can help save many of our natural resources. If every American family paid bills online it would save 2.3 million tons of wood, reduce fuel consumption by 26 million BTUs and cut solid waste by 1.45 billion tons a year!

It’s the ultimate in convenience, flexibility and security – and it’s a gas saver! From any Web-connected computer, you can:

• Check Account Balances
  
• Check ATM And Point Of Sale Transactions
  
• Review Checks That Have Cleared
  
• Transfer Funds Between Accounts
  
• Schedule And Pay Bills
  
• Make Loan Payments

Start Saving Time And Money!
Stop by the credit union or visit www.acecefcu.org today to sign up.

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From The Desk Of Your Credit Union President

It is hard to watch TV, read a paper or listen to the radio without hearing about the state of the economy and the Wall Street numbers. It becomes overwhelming at times. If you are looking to simplify your finances – try your credit union. Here are a few items to consider:

Safety And Soundness – your funds are insured by the National Credit Union Administration. Atlantic City Electric Company Employees Federal Credit Union was chartered in 1940; we have never changed our name, never merged and never forgot our roots or purpose.

Your Own Financial Institution – you own it along with your family and other families just like yours – joined together by a common bond. You own a share of your credit union.

Customer Service – phones are not answered by someone in a large multi-institution call center, your calls are answered by credit union staff.

One Savings Rate – no restrictions on withdrawals or minimum deposit – you determine how much you want to save, you decide how much and how often you want to withdraw. Dividend rates at your credit union are traditionally higher than money market accounts with restrictions.

Your Loan Rate – no wondering what your rate will be. Rates are determined by your board of directors, not by your credit score. A loan officer and credit committee still rely on the foundation of credit union lending – capacity to repay, character and collateral.

Share Draft Checking – dividends paid monthly, no minimum balance, no per check charge and your choice of paper or e-Statements.

Share Certificates (CD’s) – for those who want to lock up funds for a longer period of time – with as little as $500 your credit union offers competitive rates for terms ranging from 6 months to 30 months.

Electronic Banking – your credit union offers Bill Pay and Online Banking with no monthly fee.

Debit Card Access – MasterCard Debit Card offers all the benefits of MasterCard and an ATM card with the added benefit of no monthly bill – charges are automatically deducted from your share draft checking account.

Your credit union is your own financial institution. There are no outside investors, no stock holders to answer to. After reserves are set aside, earnings are returned to you in the form of dividends, lower loan rates and additional services – because you are the owner you receive the benefits. As a member, you are our priority. Your credit union does not specialize in fine print. Your credit union does not offer a plethora of products. Many times too many choices are worse than no choices. We offer stability, safety and shared success.

The more you use your credit union, the more successful your credit union is and the more we can return to you. If the idea of owning a part of your own financial institution is appealing – then your credit union is the way to go. If the idea of “people helping people” is appealing – then your credit union is the answer. If the philosophy of “not for profit, not for charity, but for service” sounds fundamental, then your credit union is for you.

If you have questions or would like more information, call us at 1-888-228-9887 or visit our website at www.acecefcu.org. Additional web sites you may be interested in are www.ncua.gov. (National Credit Union Administration), www.cuna.org. (Credit Union National Association) and www.njcul.org (New Jersey Credit Union League).

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Save For The Holidays With A Holiday Club Account!

Make the 2009 holiday season a little less stressful with a Holiday Club Account. Save money all year long to spend on holiday gifts and travel plans. There’s no minimum balance and you can choose to deposit money automatically with payroll deduction or transfer funds from your Checking Account. A Holiday Club Account is a great way to save money, and you earn a dividend that makes shopping for holiday gifts even more enjoyable! You’ll be surprised at how fast it adds up!

2008 Distribution
The distribution date for 2008 Holiday Club Accounts was October 1.

2009 Calendars Are Here!
Stop by the credit union and get yours today!

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