IMPORTANT NOTICE:
OVER-THE-COUNTER SALES OF PAPER SAVINGS
BONDS WILL BE DISCONTIUED ON
DECEMBER 31, 2011

The U.S. Department of the Treasury has announced it will end over-the-counter (OTC) sales of paper Series EE and I savings bonds at the end of this year.  This includes sales of savings bonds through financial institutions and applications mailed directly to the Federal Reserve Bank by customers.  Savings Bonds will remain available for purchase as electronic issues in Treasury Direct.

 Because of this change, Teachers Credit Union, as well as all other financial institutions, will no longer be able to process Saving Bond applications for our members.  Members will need to go to the U.S. Treasury Direct website to create an account to purchase bonds electronically.  Once you have created your account, within 2 weeks you will receive an Access Card and you will then be able to begin your purchases of electronic Savings Bonds.  The website for the U.S. Treasury is as follows:   www.treasurydirect.gov     Click on the individuals tab, then click on 'Buy securities in Treasury Direct'.  Then you can click on Open an Account or take a Guided Tour before you begin.

If you have any questions or concerns please call us or stop in and we will be more than happy to assist you with this change.

The US Treasury Dept. needs to receive Savings Bond applications by December 31, 2011, so to allow for holiday mail travel, the last day to purchase savings bonds at Teachers Credit Union will be December 27, 2011.