Bank & Community News
Come stop by our Audubon Branch where Branch Manager Sean Ferguson will be selling tickets to the Audubon Haddon Twp. Oaklyn Rotary Pancake Breakfast! The event will be held on Saturday, December 3rd from 8:30 AM – 12:00 PM. Sean will also be dressed as Santa and taking pictures with anyone who would like one!
Tickets for the event: $5.00
Tickets for Picture with Santa: $5.00
Proceeds will benefit the Club Scholarship Fund & Rotary Youth Leadership Awards!
Haddon Twp High School Cafeteria
406 Memorial Avenue
Westmont, NJ 08108
Congratulations to our Candy Corn Contest winners: Barbara Disbrow at Mt. Laurel, Barbara Wagner at Pine Hill, and Gail Mehl at Audubon! They each won a $30 Audubon Savings Bank Gift Card!
Thanks to everyone who participated!
*The $30 gift card will be reported as miscellaneous income in accordance with Internal Revenue Service rules. The Bank will issue a 1099-MISC* for the year in which the $30 gift card was awarded to you. In order to claim the prize, you will be required to provide the Bank with specific tax-reporting information.
ICBA urges lawmakers to promote consumer choice through targeted relief
Washington, D.C. (Sept. 20, 2016)—The Independent Community Bankers of America® (ICBA) urged Congress to keep in mind the differences between community banks and megabanks as lawmakers consider any legislative response to Wells Fargo’s massive consumer fraud. In a letter to members of Congress, ICBA called for targeted regulatory relief for community banks to promote consumer choice in financial services.
“Community bankers are gravely concerned that the legislative and regulatory reaction to Wells Fargo will again fail to distinguish between too-big-to-manage banks and community banks,” ICBA President and CEO Camden R. Fine wrote to Congress. “Costly, unnecessary new requirements would only hamper community banks’ ability to serve their customers and further drive consolidation and concentration of the nation’s financial resources.”
In its letter, ICBA wrote that community bankers are outraged by the rampant fraud perpetrated by Wells Fargo on millions of Americans, for which the megabank recently paid $185 million in fines. While megabanks such as the $1.9 trillion-asset Wells Fargo operate a transactions-based business model that incentivizes abuse of consumers, community banks are built on a relationship model in which reputation is everything.
ICBA noted that Congress should avoid the kinds of overreaching laws and regulations enacted after the recent financial crisis, which disproportionately affected local institutions. Further, the Wells Fargo fraud should not inhibit the passage of bills containing tailored regulatory relief for community banks, as prescribed by ICBA’s Plan for Prosperity platform.
Much-needed community bank regulatory relief legislation is before Congress today, and “its momentum should not be stalled by the fraud at Wells Fargo,” Fine wrote. “Fix what’s wrong with American financial services by strengthening what’s right with it—community banks.”
The Independent Community Bankers of America®, the nation’s voice for nearly 6,000 community banks of all sizes and charter types, is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education and high-quality products and services.
We are proud to call Audubon, NJ our home. We have been part of the Audubon community continuously since 1904. In 2009, we built our new home here, because we plan to remain a part of the community for many years to come! Think of us as family. Let us make you feel at home, too.
Need a Jumbo Loan? You’re in the right place. With competitive pricing and low lender fees, we make mortgages easy and affordable. Qualified borrowers will have access to:
- Purchase or Refinance
- Primary or Secondary residences
- Maximum LTV up to 80%
- Fixed-rate or adjustable-rate loans
Call us at 856-656-2200, or ask an Audubon Savings Bank representative about options that fit your individual needs today!
*This advertisement is not an offer for an extension of credit. Information, rates and programs are subject to change without prior notice. All products are subject to credit and property approval. Underwriting terms and conditions apply. Other restrictions and limitations apply.
One of Audubon Savings Bank’s top priorities is to safeguard YOUR confidential information and we work diligently to do so. If you believe your card may have been compromised:
1. Contact your local branch to review your transactions
2. Contact Wendy’s to receive additional information: 866-779-0485
For more information about Wendy’s data breach, check out Money magazine’s article here. Thank you.
Audubon Savings Bank is pleased to announce the addition of Laurie Wallace to the Bank’s senior management team in the role of Senior Vice President and Chief Compliance Officer.
Laurie brings a distinguished 32-year banking career to Audubon Savings. For the past five years, she served as the Senior VP and Chief Compliance Officer for East River Bank in Philadelphia. She has previously worked for several other community banks in senior management positions, including Chief Compliance Officer, Chief Retail Officer, Business Development / Sales Manager, and Security Officer.
“We are excited about having Laurie Wallace join our senior management team,” said Kenneth J. Stephon, President and CEO of Audubon Savings Bank. “As we look to the future, our focus has been on strengthening our leadership team, and Laurie is clearly someone who fits perfectly into those plans.”
Laurie has earned the distinction of being a Certified Regulatory Compliance Manager, which is the recognized standard of excellence for regulatory compliance professionals in the financial services industry. She holds a Bachelor of Arts Degree from Salisbury State University and is a graduate of the School of Banking of the University of North Carolina at Chapel Hill.
For 2016, we decided to partner with our neighbors at the Collingswood Farmers’ Market for their Bag Reduction initiative to help curb the use of single-use plastic bags that are so harmful to our environment.
To help the Market with its bold initiative, the Bank has donated 10,000 brown paper bags for free to support their plastic reduction goal. “Audubon Savings Bank is pleased to promote the use of reusable bags to help limit the negative effect of plastic bags on our environment. We can all make a real difference by choosing a reusable option,” said our president Ken Stephon.
Every Saturday, 8am-Noon from May through Thanksgiving, the Market features the highest quality local produce—and more—to thousands of local residents each year. We are so proud to help the Market with their cause for eco-friendlier alternatives to single-use plastic bags, and help keep the Market thriving!
For more information about the Collingswood Farmers’ Market and their Bag Reduction initiative, click here.
Audubon Savings Bank now offers another simple and secure way to pay with the availability of Apple Pay™. No more fumbling for your wallet at checkout. You can now conveniently pay with your Audubon Savings Bank Debit Card, issued by Mastercard®, with just the touch of a button on select Apple® devices.
What is Apple Pay?
Apple Pay is a simpler, more secure way to pay using your iPhone®, iPad® or Apple Watch™. The beauty of Apple Pay is that your card number is never stored on your device. When you pay, your numbers are not sent to the merchant. Instead, a unique number is assigned for each purchase, so your payments stay private and secure.
To pay with your iPhone, it’s simple. Just hold your iPhone near the contactless reader with your finger on Touch ID and that’s it! With your Apple Watch, it’s just as easy. Just double-click the side button and hold the display up to the contactless reader. The Watch will tap and beep letting you know that the purchase was made.
On your iPhone and iPad, you can use also Apple Pay to pay within apps. Checking out is as easy as selecting Apple Pay and placing your finger on Touch ID.
Safe and Secure
The account security and protection you have come to expect from Audubon Savings Bank is only enhanced through your use of Apple Pay. When using Apple Pay to make a purchase, your personal account number and information are never shared with the merchant. Instead, through tokenization, your uniquely assigned Device Account Number along with an encrypted transaction-specific security code are used to make the purchase rather than your card number further protecting your account from being compromised.
Where to Shop
Apple Pay is growing as an accepted form of payment for in-store and in-app purchases across the United States. For an updated list of participating retailers and apps, visit: www.apple.com/apple-pay.
While you are out shopping, simply look for the Apple Pay or contactless payment logo on the payment terminal as an indicator that you can complete your purchase using Apple Pay.
Apple Pay is a function of the Wallet app on select Apple devices. Your Audubon Savings Bank Debit Card can be added to Wallet by accessing the app directly on your phone. If you don’t see the option to “Add Credit or Debit Card,” swipe down and tap the plus sign. If you already have your Audubon Savings Bank Debit Card on file for iTunes®, follow the prompts to add it to your Wallet.