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NEA Member Benefits Announces the First National Bank of Omaha (FNBO) Home Mortgage for NEA Members

NEA Member Benefits (NEA MB) is pleased to announce a new home mortgage loan program for NEA members: the First National Bank of Omaha Home Mortgage for NEA Members. This new program will replace the previous program through Wells Fargo Home Mortgage, which ended August 31, 2018.

The FNBO Home Mortgage for NEA Members went live on November 1, 2018.

 

Features of the FNBO Home Mortgage for NEA Members include:

  • Exclusive member benefit: No loan application, origination, or processing fees (valued approximately at $660)
  • Competitive rates
  • FNBO Loan Experts to assist members through a dedicated, toll-free number
  • Family members (e.g., spouse/domestic partner, parents, children) are eligible to apply
  • Low down payment options available
  • Choice of refinance or new mortgage loan options and terms (e.g., conventional and jumbo loans with fixed rates and ARMs, and FHA, VA and USDA loans)
  • Robust online application platform and online support
  • Home Buying Process Quick Guide

FNBO will also be offering Home Equity Lines of Credit beginning at the end of January 2019.

 

NEA Member Benefits is very excited about bringing this new opportunity for purchasing or refinancing a home to NEA members and their families.  For more descriptive information about this program visit www.neamb.com and click on the program at the bottom of the home page.

Credit

YOU CAN NOW FREEZE – and UNFREEZE – YOUR CREDIT REPORT FOR FREE

As of September 21, credit bureaus can no longer charge you to freeze your credit reports or to lift a freeze. Here’s what you need to know to get your free freeze.

By Kimberly Lankford

Q: I remember reading a while back that everyone starting this fall will be able to freeze their credit report for free. Is this change effective now, and what do I need to do to get my free freeze?

A: The law providing free credit freezes took effect on September 21. The three big credit bureaus—Equifax, Experian and TransUnion—can no longer charge a fee to place or lift a credit freeze. In the past, the cost to freeze your credit report varied by state. Some states required free credit freezes for their residents, but others let the credit bureaus charge $5 to $10 every time someone wanted to freeze their credit record or lift the freeze (when applying for a loan, for instance).

A credit freeze prevents new creditors from reviewing your credit report, making it harder for identity thieves to take out credit in your name. For it to be effective, you’ll need to contact each of the credit bureaus separately to initiate a freeze. To see what steps you need to take, go to the Equifax freeze page, the Experian freeze page and the TransUnion freeze page.

Once you request a freeze either online or by phone, the new law requires the credit bureaus to implement it within one day. And if you ask for the freeze to be lifted, the credit bureaus have one hour to do it. “That is the law’s maximum time, but for most people setting the freeze online or by phone, it will be pretty close to instantaneous,” says Francis Creighton, the president of the Consumer Data Industry Association, a trade organization for credit bureaus and other consumer reporting agencies.

Some states have additional consumer protections. In Utah, for example, the credit bureaus must initiate or lift the freeze within 15 minutes of the request for a freeze on a mobile app, says Rep. Jim Dunnigan, who sponsored the credit freeze legislation in the Utah House of Representatives (Utah’s law took effect in May). You can find out about additional consumer protections in your state from its division of consumer protection or the state attorney general’s office.

The freeze remains in effect until you take steps to remove it—either temporarily or permanently. “Understanding the correct terminology is important,” says Eva Velasquez, CEO and president of the Identity Theft Resource Center. “A thaw (or unfreezing) of one’s credit allows them to temporarily remove the freeze for a specified period of time. For example, if a consumer knows they will be applying for credit, they can request a thaw for a day, or a week or another specified time period. And after that time period has elapsed, the credit will freeze again—no additional action is necessary on the part of the consumer.” Lifting a credit freeze, on the other hand, removes the freeze until the consumer actively requests the freeze from the credit bureau again. It’s free whether you lift or thaw a freeze.

The new law also lengthens the duration of a fraud alert that you can place on your credit file from 90 days to one year. A fraud alert signals to businesses that you may have been a victim of identity theft and that they should verify your identity before opening any new accounts. You need only place a fraud alert with one credit bureau, which will notify the others.

 

© 2018 The Kiplinger Washington Editors

Brought to you by NEA Member Benefits.

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NEA Student Loan Program Offers New Parent and Graduate Student Loan Options

NEA Member Benefits is pleased to make available an expanded array of NEA Student Loan Program options that provides NEA members and their families more choices to better meet their education financing needs.

In addition to the NEA® Smart Option (Undergraduate) Student Loan® by Sallie Mae®, a new NEA Parent Loan is now being offered with features as follows:

 

NEA Parent Loan:

  • For those who wish to give the gift of education—the borrower does not have to be the student’s parent
  • The borrower (e.g., parent, grandparent, aunt/uncle, spouse or other adult) is the primary borrower—the student is not a party to the loan
  • Eligible to receive the 0.25% NEA exclusive rate discount after 12 consecutive on-time payments
  • Choice of fixed or variable loan rates
  • Choose interest-only or principal and interest repayment while the student is attending school

 

The current NEA Graduate Student Loan has been enhanced with new options:

  • Repayment terms and deferral periods that are customizable based on the student’s area and length of study (includes options for MBA, Medical School, Dental School, Health Professions, Law School and more)
  • Extended terms and/or grace periods may be available for students whose programs require a much longer time commitment and often higher loan amounts

 

NEA Graduate Student Loan borrowers are still eligible to receive the 0.25% NEA exclusive rate discount after 12 consecutive on-time payments and have a choice of fixed or variable loan rates.

Members may access information on the new NEA Parent Loan program and additional Graduate Student Loan options online at www.neamb.com/sl.

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YOO HOO, THE TAX MAN COMETH!!

A month and a half away brings that pleasant time of the year when we must file our income taxes.  Such fun!!

As a member of the IEA/NEA you have certain benefits that will help you save money through certain tax preparation services.

 

Through NEA Click and Save you can save up to $20 on software products with H&R Block and Turbotax.  Check it out at neamb.com/clickandsave.  You will have to register to get deeper into the Click and Save site but once you are there look for the “tax services” banner.

 

Also through the Educator Access Discount Program you can save up to $25 with H&R Block.  You can use this service by visiting the IEA Member Benefits website ieamemberbenefits.org and clicking on the picture of the membership card at the bottom of the home page.  This will take you to the Access site.  Once there you can register by following the prompts using your IEA member ID from your membership card (hint: you will find the same number on the mailing label on your latest NEA Today magazine.)  Once you have registered then you can do the search for H&R Block and take advantage of the savings.

 

Plus, there is one more option for filing your taxes:

 

MyFreeTaxes.com is a 100% free program aimed at those who qualify.

  • Individuals or families that earned $66,000 or less in 2017 can file federal and up to three state taxes for free through an easy, safe platform and save an average of $200 in tax preparation fees.
  • MyFreeTaxes is sponsored by United Way and powered by H&R Block.
  • Filers can start their taxes online and finish them on their computer, tablet or smart phone. They can even upload their W-2s and other tax forms by taking a picture on their phones.
  • The premium software is guaranteed to be 100% accurate and ensures filers get the maximum refund.
  • Filers are not solicited, ever.

If you qualify, visit MyFreeTaxes.com or text MyFreeTaxes to 313131 to get started.

From the IEA Executive Director

"I feel that being an IEA member is a professional right and responsibility. Partnering with MBC just makes your membership an even more valuable resource."

Sue (Scott) Wigdorski
Idaho Education Association
Executive Director

From the IEA President

“The IEA is the voice for public education in Idaho, the leader in professional development opportunities, and the greatest source for support for the education profession. Having access to discounts from an array of vendors through Member Benefits is an added bonus for members!”

Kari Overall
President
Idaho Education Association

Contact Info

208.344.8336 / 800.223.6583  
ieamemberbenefits.org
iea-mbc@idahoea.org

IEA Member Benefits Corporation
620 N 6th Street - Boise Idaho 83702

Copyright 2017 © All Rights Reserved

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