IMPORTANT!!

We are keeping a close eye on the "Heartbleed" bug you may have heard about. The vendor we use for Online Banking has completed a preliminary assessment and has not discovered any vulnerability. We will be sure to keep you updated should anything to the contrary be discovered. Rest assured that we are doing everything we can to help ensure that your information is safe.

It is always a good practice to use unique passwords for all of the online services you access. If your GCF Online Banking password has also been used with a different service, we do recommend that you change your Online Banking password at this time.





If you currently utilize GCF’s online banking EXPRESS TRANSFER function to make your loan payments, this service will be temporarily unavailable from April 25, 2014 through June 9, 2014. As an alternative to this temporary inconvenience, you can do one of the following:

  • Contact 1-877-589-6600 ext. 320 or 368 between the hours of 9:00 a.m. and 5:00 p.m., Monday through Friday, to manually complete the transaction.
  • Mail a check to Investors Bank, 101 Wood Avenue South, Iselin, NJ 08830.
  • Sign up for GCF’s online bill payment system and set up a monthly payment to be sent to Investors Bank.


Fast Access




GCF Bank is now part of the Investors Bank family!

Tuesday, December 4, 2012

Edition #691


Today's Highlights:

Past issues of GCFlash:

November 27, 2012 Edition #690

November 20, 2012 Edition #689

November 13, 2012 Edition #688

November 6, 2012 Edition #687


Weekly Spotlight:

Mobile banking just got easier than ever! Simply visit our website from your smartphone and choose the link for Online Banker. If you're already registered, you can login directly from there. If you haven't yet registered for Touch Banking, what are you waiting for? Follow these same steps, review and accept the Terms and Conditions, and access your accounts instantly.


Our Current Rates:

For a listing of our current deposit and loan rates, click here.

Today's National Market Rates
December 4, 2012 6 Mo Ago
06/04/12
1 Yr Ago
12/2/11
5 Yrs Ago
12/4/07
Dow Jones Industrial Average
(Up 734.22 or 6.01% since 12/31/11)
12,951.78 (-0.11%) 12,101.46 12,019.42 13,248.73
S&P 500
(Up 149.46 or 11.88% since 12/31/11)
1,407.05 (-0.17%) 1,278.18 1,244.28 1,462.79
NASDAQ
(Up 391.54 or 15.03% since 12/31/11)
2,996.69 (-0.18%) 2,760.01 2,626.93 2,619.83
10 Year Treasury Bond Yield 1.60% 1.53% 2.04% 3.89%
British Sterling 1.6101 1.5357 1.5697 2.0598
Euro 1.3097 1.2414 1.3461 1.4657

Back to top

1st Flash

Super Storm Sandy: Insurance Claims

If just reading the title to this article gave you a headache, imagine how the people going through it feel. Dealing with contractors and insurance companies can be a nightmare in any situation, but especially if you are trying to rebuild after a storm. You may be without a place to live, without electricity, without plumbing, without a job, or any combination thereof. In addition, you may have to deal with two or three insurance companies. The whole process may seem insurmountable. Here are just a few things to consider if you find yourself in this situation.

Your first step should be to contact your insurance company to get the ball rolling on your claim. The sooner, the better. Your insurance company will tell you their procedures for submitting a claim and any documentation they may require. If you are dealing with more than one insurance company, just realize that each company may have different requirements.

Not only can procedures vary from insurance company to insurance company, but they can also vary from claim to claim within the same company based on the size and complexity of the claim. Sometimes insurers will ask you to submit pictures of the damage; some will send someone out to evaluate the damage in person. Sometimes the insurer will send you a check for the entire claim up front; others will send you only a portion up front and then hold on to the rest of the funds until the repairs have been completed. Certain insurers will send someone out to inspect the completed repairs before the final check is disbursed; sometimes not.

Another aspect to consider regarding insurance claims is whether or not you have a mortgage on your property. If you do, the check or checks you receive from your insurance company will be made payable to you and the mortgagee (the bank or mortgage company holding the lien). You will have to discuss the claim with the mortgagee. If you have more than one mortgage on your property, a mortgage and a home equity loan for instance, you will have to speak with both mortgagees.

Each mortgagee may also have different procedures for dealing with insurance claims. It is common for a mortgagee to request copies of your insurance claim paperwork, pictures, and copies of repair estimates. Be prepared to provide them if asked. The mortgagee may also send someone out to inspect the damage, either before or after the repairs are completed, or both. For large claims, it is common for a mortgagee to require you to deposit the insurance funds with them. They disburse funds to you as repairs are completed.

These are just a few of the common procedures used by insurance companies and banks/mortgage companies for insurance claims for an overview of what you may need to do. Look for Part 2 of this article in a future edition of The GCFlash to give you some tips on hiring a contractor.


On The World Wide Web

Before you shop online, know the safe shopping tips offered at this site.

Shopping online this Christmas season? Before you shop, visit Retailmenot.com to find coupons and specials for most every cyberstore on the web.

It can be overwhelming to shop online with so many options. Lucky for you that there's an online personal bargain hunter right here.

Back to top

2nd Flash

Fashion Forward

The fashion world is making a bold, new statement. But you won't see runway models donning this gear in New York or Paris.

This garb might just save your life.

Wearable medical technology is expected to be a $6 billion market by 2016. There are already 14 million items to choose from, expected to climb to 171 million within four years.

Today, most wearable devices track or transmit healthcare and wellness metrics, like glucose and heart rate monitors. Sleep sensors and hand-worn terminals are on the horizon.

The Federal Communications Commission (FCCX) recently approved a Medical Body Area Network (MBAN) that aggregates results of each function being monitored and transmits them to a central location for evaluation. Initially to be used in hospitals, eventually you'll be able to use them from home.

Flutter combines textiles and robotics to enable the deaf to detect sounds in their environment. The garment vibrates in the direction of a loud sound or alarm to alert them to dangers they would not otherwise be able to detect.

Patients being treated or recovering from a chronic illness may soon be able to do it from the comfort of their own home. A new t-shirt embeds sensors to monitor designated parameters. The sensors are connected to a smartphone or PDA, and then relayed to the care provider.

The blind will see. It's not a Christmas miracle. It's a photovoltaic prosthesis implanted directly into the eye. The implant converts light into electrical currents that restore sight for those that may have never seen. An array of silicon photodiodes send signals to the brain to create the vision.

Not all technology holds such noble purpose. The long awaited Google Glass will finally be available after the first of the year. They come with a $1500 price tag and will be the next tech gadget to become all the rage.

A mini rectangle mounts over the lens of your eyeglasses or sunglasses. It's a computer monitor that displays your email, text messages, maps, calendar reminders, etc. right in front of your eyes.

Sounds distracting, but the device will actually put you more in touch with the real world rather than the virtual realm. Or so its creators say.

There are still kinks to be worked out. The miniature keyboard is hard to adjust to. But imagine being in a sales meeting when you realize you left a key file back at the office. With the Goggle, the file will be delivered instantly.

Or you're traveling to a new town and trying to find your way around. Load the map and direction bubbles will appear on the sidewalk in front of you.

Sony and Pebble Technology have both introduced a product for all of you who find pulling your smartphone out of your pocket too much trouble. Apple is rumored to be joining the market soon.

It's the smartwatch, a nano computer that connects as a companion screen to a smartphone. Sony's runs Android, Pebble Technology can connect to an Android or iPhone. Apple's, of course, will connect to an iDevice.

Not only can you learn the time, but you can check your email, read news alerts, and display caller ID.

A group at Duke's Pratt School of Engineering have boldly gone where no man has followed. Or if he did, he never saw it.

The invisibility cloak won't really allow you to remain unseen. It bends light around an object so that you see a reflection of what's behind it. But there's much work to be done before it's ready for mainstream use.

For now, it only works from one direction. And it only hides objects so small that they're nearly invisible to the naked eye anyway.

The technique only works in wavelengths longer than what the human eye can see, such as infrared, microwaves and radio. It holds promise for radar and has several potential military applications.

We may not yet be driving hovercraft or beaming our particles from one location to another, but we're seeing technology in our lifetime equal to anything conjured up in a sci-fi thriller. Can't wait to read the next chapter.....


Tip of the Week

Still receiving a paper check from the government? As of March 1, 2013, the U.S. Treasury Department will stop issuing paper benefit checks. All payments will be in electronic form only. Stop by any GCF branch to apply for electronic deposit. Your money will automatically appear in your account. It's faster, safer and more secure. And our staff makes applying easy, too. Stop by today!

Back to top


Quotable

"The problem with socialism is that you eventually run out of other people's money." - Margaret Thatcher


Today in History

1812 - Peter Gaillard of Lancaster, PA patents a horse-drawn mower.


Flash Fact

24% of consumers used a mobile device to visit a retailer's site on Black Friday 2012, up from 14.3% in 2011.

Have a comment about something you read in GCFlash? Suggestions for future articles? Drop us an email!

Back to top


PURPOSE:

GCFlash is a weekly e-mail sent only to its listed customers and associates free of charge. GCFlash informs customers of special product offerings which may be of interest, current interest rates on both deposit and loan products, selected financial news and other financial tidbits. GCFlash is intended to supplement the more comprehensive information listed on the GCF Web site at http://www.gcfbank.com.

For more comprehensive information, visit our Web site at http://www.gcfbank.com or call (856) 589-6600 Ext: 337 (Timothy P. Hand)

GCFLASH PRIVACY STATEMENT

For a copy of our Privacy Policy, visit www.gcfbank.com/gcflash_privacy.aspx

GCF maintains your e-mail address in a confidential and secure database along with much of your other account information, such as mailing address and telephone number, etc. Before aggregating our e-mailing list each week, we filter out any duplicates. In most cases, this inhibits the unintended e-mailing of multiple copies of GCFlash to a single e-mail address. However, because these account records are kept by both individual and account, there is a chance members of the same household could each receive a copy of GCFlash or any other transmission at the same e- mail address - resulting in multiple copies. For example, a husband and wife that both have accounts with GCF may both receive a copy because the names are different but listed at the same e-mail address. This is similar to the manner in which each individual may share a common telephone number. To handle this situation, GCF recommends you simply delete any extra copies of GCFlash as this will ensure that ALL individuals receive any future promotional mailings, which might only be targeted or offered to specific accountholders meeting certain criteria. GCF has the capability to suppress customer e-mail addresses so they are omitted from our transmission list. If you would rather have a specific household member's e-mail address suppressed in our electronic database, simply send us a reply, as stated below, and indicate the accountholder for which you would like to have e-mail suppressed. Please keep in mind that this suppression will mean that NO future e-mails are sent, including special promotional offers. If you have any questions about this process or need additional information, please contact us at netaccess@gcfbank.com.

If you would like to be removed from this electronic mailing list, click this link to send us an email to unsubscribe. Please note, removing your name from our electronic mailing list means GCF will send NO FUTURE NEWS or SPECIAL OFFERS.


GCF Bank
381 Egg Harbor Road
Sewell, NJ 08080
(856) 589-6600
www.gcfbank.com