If you are in the market to buy a new home or know someone who is the ACBLA now has a mortgage Preapproval Program that will help in the home buying process.

For a $75 fee, one of our qualified lenders will 1) conduct a face to face meeting 2) complete a credit analysis 3) perform debt to income ratios 4) explain the mortgage process 5) give an estimate of closing costs 6) determine the maximum amount of a loan you can afford based off of our requirements 7) provide you with a signed preapproval letter which can give you better negotiating power 8) answer any questions you may have. Also, should you officially apply with us within 60 days the $75 fee will be deducted from our appraisal fee making the preapproval process a free service!

To better serve our customers the Armstrong County Building and Loan Association has installed an ATM machine giving you 24 hour access to your money seven days a week. Our surcharge free ATM (for ACBLA Customers) is located at our 935 5th Avenue office adjacent to the drive thru. Call us now to find out how to get an ATM card! Also as an added convenience ACBLA is member of the Freedom ATM Alliance which gives you access to a network of over 600 surcharge free ATMs! Click the logo below to find out more about the Freedom ATM Alliance and find an ATM near you!.

Ever bought a savings certificate only to see the interest rate increase the very next month? Well now you do not have to worry about that, with our “Bump-Up CDs” you can take advantage of rising interest rates anytime during the term of your certificate. The “Bump-Up” option is available on our 4 Year Certificate, 6 Year Certificate and our 8-10 Year Certificate. With a purchase of a 4 Year or 6 Year Certificate you can exercise the option to change your interest rate one time during the term of the certificate. On the day you exercise this option you will be given the then current rate on the 4 Year or 6 Year Certificate. With a purchase of a 8-10 Year Certificate you will have the chance to change your interest rate twice during the term of the certificate. Stop in or call now to take advantage of this unique offer.

While ACBLA does not offer traditional checking accounts the Statement Plus account can be utilized as one without the hassles of ever writing a check or having to buy checks! When you open a Statement Plus account you will receive a Visa Check Card that can be used for purchases anywhere you see the Visa logo, that is over 15 million merchants! When you use your card the balance will be deducted automatically from you savings account. The Visa Check Card is a great alternative to writing checks, but the card can also be used to make cash withdrawals at ATMs reducing your need to carry large amounts of cash. With a minimum balance requirement of $500, but a higher interest yield than most checking accounts, can you afford to pass on this revolutionary way to save?

Are the variable rates associated with Home Equity Lines of Credit preventing you from consolidating your existing debt? Now is the time to take advantage of ACBLA’s Five Year Secure LOC. With interest rates on the rise why not lock in your rate on your LOC for five years? Forget about an introductory rate that only lasts 6 months, with our Five Year Secure LOC you are guaranteed the same rate for five years!

Several other advantages also exist with our Five Year Secure LOC besides a constant rate for five years: 1) It comes with a VISA Checkcard making access to your money simple and easy 2) The LOC is open until you want it closed, whether you are carrying a balance or not 3) Easy to read monthly statement to review your activity 4) After the first five years your interest rate will increase in relation to the current prime rate and you will have that rate for five years.

You have enough worries in your life and your monthly budget shouldn’t be one. Call us or stop in for more details on this wonderful opportunity to stabilize your financial debt and give you some long awaited security. For just a small fee of $300 you can have a high credit line to ease your worries about the unexpected future and the best advantage to our line of credit is that you are able to deduct the monthly interest from your taxes. For more information on this product call Stan Sadeski at 724-763-7137

Starting this year, anyone-regardless of income-can convert a Traditional IRA to a Roth IRA. In the past, people whose adjusted gross income was more than $100,000 were unable to take advantage of this tax strategy. If you decide to convert, you will have to pay income taxes on the amount converted to a Roth IRA, excluding the amount of any after-tax contributions you may have made.

For conversions in 2010 only, Congress has approved a special rule allowing you to treat half of the income from the conversion as received in 2011 and the other half in 2012. But future withdrawals from a Roth IRA that include earnings are free from federal income tax after you’ve had the account for at least five years and reached the age of 59 ˝.

Your individual circumstances are the most important considerations. Meet with your financial adviser and tax consultant before making any decision on converting your traditional IRA.

It is never to early to plan for your retirement and since 1998 congress has made available to wage earners the Roth-IRA. This IRA enables wage earners to contribute money up to the maximum limits (set by the federal government) into the IRA and earn tax-free interest on these contributions. With the volatility of today’s Stock Market, the Roth-IRA is a secure and safe investment with high tax-equivalent returns. Stop in at ACBLA for all the details and let us set up a tax free Roth-IRA for you.

Saturday, September 4th and Monday, September 6th for Labor Day Weekend
Monday, October 11th for Columbus Day
Thursday, November 11th for Veterans' Day
Thursday, November 25th for Thanksgiving Day
Saturday, December 25th for Christmas Day