News
U.S. Savings Bonds are going paperless!
Paper U.S. Savings Bonds will not be sold by mail-in orders or over-the-counter at financial institutions after December 31, 2011. You can now buy electronic savings bonds safely, 24/7, online through TreasuryDirect. Visit www.treasurydirect.gov to learn more. By creating an online account at TreasuryDirect, you’ll be able to buy, manage and redeem electronic savings bonds and other Treasury securities.
Ending sales of paper savings bonds will save taxpayers an estimated $70 million over the next five years. In addition, unlike paper savings bonds, electronic savings bonds aren’t easily lost or misplaced.
Convert your paper savings bonds to electronic savings bonds in TreasuryDirect using a program called SmartExchange. There's no charge to convert paper bonds. No earned interest will be lost, and the bonds will keep their original issue dates and current interest rate terms.
You can buy electronic savings bonds as gifts in TreasuryDirect. You can hold the bonds in your gift box area in TreasuryDirect until you’re ready to electronically deliver them to the gift recipient. The recipient must have a TreasuryDirect account (or be named on a minor linked account if under 18 years old.)
All Manasquan Savings Bank local offices will continue to redeem your paper savings bonds. Please contact your local office if you have questions or concerns, or visit treasurydirect.gov.
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Next Shred Day & Food Drive scheduled for December 2011
Join us for our next Shred Day & Food Drive this year. We'll be at our Spring Lake Heights office at 305 Hwy 71 for this event on Saturday December 10th from 9am to 12pm. Our SLH office manager Dina Gibson will there to greet you and show you how the process works. All materials are shredded on-site so you can be sure your identity is safe and secure. As always, please limit your materials to two file boxes or 50 lbs. Mixed office paper only, no magazines or newspapers. We'll also be collecting non-perishable food donations for the Food Bank of Monmouth and Ocean Counties. The holiday season can be especially tough for many struggling families. Please join us in helping our community. Manasquan Savings Bank will donate $1 for each pound of food donated, so the more you bring, the more we'll give!
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Manasquan Savings Bank Hosts Fourth Community Shred Day & Food Drive
Manasquan Savings Bank hosted its fourth community Shred Day and Food Drive, on Saturday, September 24 at the Ramtown office located at 167 Newtons Corner Road in Howell, NJ. Approximately one-and-a-half tons or three thousand pounds of paper was shredded. “We think it’s an important service in today’s day of identity theft to help protect consumers with a safe and secure way to dispose of sensitive documents,” explains President, Peter Brown.
There were an impressive number of participants, twice as many as last year’s event at the Ramtown office. “The customers were delighted that they were able to safely dispose of the records and papers they accumulated over the years,” says Ramtown Office Manager, Jennifer Weisert. The participants came prepared to safely destroy their unwanted personal documents in a mobile document-destruction truck supplied by Planet Shred. 100% of shredded material is recycled.
Another impressive number that day was the amount of food collected for the Food Bank of Monmouth and Ocean Counties. “We received 281 pounds of canned and boxed goods,” says Weisert. “The participants were also very excited that they were able to support the Food Bank of Ocean and Monmouth Counties at the same time,” adds Weisert.
Manasquan Savings Bank matched the number of pounds with dollars, contributing 281 dollars to the Food Bank. This will provide more than 780 meals for local families in need.
What started as a single yearly event at Manasquan Savings Bank Headquarters has now expanded into a multi-annual event held at various locations for customer convenience. Check here for details on the next Shred Day & Food Drive event, to be posted at a later date.
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The President’s Dance
Peter Brown Helps Raise Funds for Local Charities
They slipped on their dancing shoes and swung to the music—all for a good cause. Four local “celebs,” including Manasquan Savings Bank president Peter Brown, competed in the Spring Lake-Brielle Rotary Club’s second annual Dancing with the Starz event on Friday, May 20, 2011. Brown’s challengers included Joy Bradley of Squan Tavern; Joe Leone Introna, owner of Joe Leone’s and 2010 Dancing with the Starz winner; and Kathy Penna, owner of Brielle Cyclery.
Each participant danced for a local charitable organization, with Brown representing Coastal Habitat for Humanity. As in the original Dancing with the Stars competition, three judges chose a champion. But instead of a mirror-ball trophy, the winner received $500 to donate to his or her charity. The three runners-up were each awarded a $250 contribution.
To polish their skills on the dance floor, the contestants took lessons from the Fred Astaire Dance Studio and worked tirelessly after business hours to perfect their routines. Their efforts paid off. The evening raised substantial funds, not only for Brown’s Coastal Habitat for Humanity, but for other area charities as well, including Common Ground Grief Center and Team Brandon Foundation. As a Merengue Sponsor, Manasquan Savings Bank gifted an additional $750 to Dancing with the Starz.
In conjunction with his amateur dancing duties, Brown serves as president and chief executive officer of Manasquan Savings Bank and is a past president of the Spring Lake-Brielle Rotary.
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Manasquan Savings Bank Hosts Shred Day and Food Drive
Manasquan Savings Bank hosted its third community Shred Day and Food Drive, on Saturday, June 11 at their Meetinghouse Rd office in Wall Township. A record number of participants came out to destroy their unwanted personal documents in a mobile document-destruction truck supplied by Planet Shred. About two-and-a-half tons of paper was shredded.
The bank conceived of Shred Day three years ago as a courtesy to its customers. "We realized that, with the surge in identity theft, it would be easy to help people get rid of their sensitive documents," explains Wall Township manager, Heather Schick. "We didn’t want them to worry that their confidential papers would end up in the wrong hands." Once the documents are fed into the truck, customers can watch them going through the shredder. "This gives them peace of mind that their papers are, in fact, destroyed," adds Schick.
Another record breaker that day was the amount of food collected for the Food Bank of Monmouth and Ocean Counties. “We received 425 pounds of canned and boxed goods," says Schick. "We’ve never gotten those kinds of donations before, even during the holidays." Manasquan Savings Bank matched the number of pounds with dollars, contributing $425 dollars to the Food Bank. This will provide more than 1,200 meals for local families in need.
Manasquan Savings Bank will be hosting another Shred Day and Food Drive in September 2011. Date and location of that event will be released in the near future.
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FDIC INSURANCE UPDATES
The Dodd-Frank Wall Street Reform and Consumer Protection Act signed by President Barack Obama on July 21, 2010, made permanent the current standard maximum deposit insurance amount (SMDIA) of $250,000. The FDIC coverage limit applies per depositor, per insured depository institution, for each ownership category. Manasquan Savings Bank is a member of the Federal Deposit Insurance Corporation. (FDIC) FDIC deposit insurance is backed by the full faith and credit of the United States government. To learn more about FDIC insurance please visit:
Notice of Changes in Temporary FDIC Insurance Coverage for Transaction Accounts
All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules. The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest On Lawyers Trust Accounts (IOLTAs). It does not include other accounts such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts. For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
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WE MAY BE CALLING YOU
To protect your account, we monitor your ATM and debit card transactions for potentially fraudulent activity which may include a sudden change in locale (such as when a U.S.-issued card is used unexpectedly overseas), a sudden string of costly purchases, or any pattern associated with new fraud trends around the world.
If we suspect fraudulent ATM or debit card use, we'll be calling you to validate the legitimacy of your transactions. Your participation in responding to our call is critical to prevent potential risk and avoid restrictions we may place on the use of your card.
- Our automated call will ask you to verify recent transaction activity on your card.
- You'll be able to respond via your touchtone keypad.
- You'll also be provided with a toll-free number to call should you have additional questions.
Our goal, quite simply, is to minimize your exposure to risk and the impact of any fraud. To ensure we can continue to reach you whenever potential fraud is detected, please keep us informed of your correct phone number and address at all times. In the meantime, please be diligent in monitoring transaction activity on your account and contact us immediately if you identify any fraudulent transactions. Here are some additional tips on protecting yourself from debit card fraud.
PLANNING ON USING YOUR ATM/DEBIT CARD WHILE TRAVELING?
If you are planning on using your ATM/Debit card while traveling, please make sure you contact us prior to traveling out of the area. If you don't alert us of your travel plans we may lock your accounts at the first sign of a suspicious charge. Contact your local branch for more information.
PROTECT YOURSELF
Unless absolutely required for a legitimate business purpose, avoid giving out your:
- Address and ZIP code
- Phone number
- Date of birth
- Social Security number
- Card or account number
- Card expiration date
Your PIN is private; never give it out!
In stores and at ATMs, always cover your card and PIN, and watch for:
- Cell phone cameras, mirrors, or other tools used to view cards and PINs
- People watching your transactions
- Cashiers taking your card out of sight; take it to the register yourself
- Any unusual activity at ATMs; if you feel uncomfortable, go to another ATM
Online, you should never respond to unsolicited emails that:
- Ask you to verify your card or account number; such emails are not sent by legitimate Businesses.
- Link to websites; such sites can look legitimate but may collect data or put spyware on your computer.
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