COSTCO SERVICES
Update
PRACTICAL TIP
FHA refinancing break
To learn more about our complete suite of Costco services, click on the “Services” link at Costco.com or call toll-free 1-800-220-6000.
SEASONAL PROMOTION
BORROWERS WHO obtained their current
Federal Housing Administration (FHA) mortgage before May 31, 2009, will get a break
on the cost of FHA Streamline Refinancing.
Starting on June 11, the upfront fee for refinancing will drop from 1 percent to 0.01 percent—a big reduction. Annual insurance on
such refinances will remain at 0.55 percent.
A streamline refinance is somewhat of
an automatic refinance for borrowers who
currently have FHA mortgages. The main
criterion is that borrowers must be current
on their mortgage payments. Those who are
eligible realize a tangible benefit from refinancing, such as a lower interest rate.
Costco Mortgage Services can help you
learn about FHA mortgage changes. For
more information, visit Costco.com and
search “mortgage.”
COURTESY OF SEA RAY
COUR TES Y OF KA WASAKI
Summer savings on the water
NEW LAW
New 401(k) fee disclosure
FOR MORE THAN 80 million Americans,
Memorial Day weekend unofficially marks the
start of boating and watersports season. In
fact, the weekends between Memorial Day and
Labor Day are when most recreational boating
and watersports occur each year.
Costco members looking to join in on
the fun of summer water activities will appreciate two special offers from the Costco Auto
Program (CAP).
Call toll-free 1-888-406-2628 for complete details, or visit Costco.com and search
“boat7.”
Special offer on Kawasaki watercraft
and powersports products
• Low, prearranged pricing on the purchase
of all Kawasaki motorcycles and powersports products, including preorders
• $250 Costco Cash card for submitting a
redemption form and CAP member-satis-faction survey after purchase
• 20 percent off parts, accessories and apparel
at time of purchase (sale items excluded)
Call toll-free 1-877-560-2580 for complete details, or visit Costco.com and search
“power5.”
GOVERNMENT REGULATIONS set to go
into effect in August 2012 will enable 401(k)
customers to see the investment and administrative expense ratios for the funds that are
offered in 401(k) plans.
Fees charged by Costco partner Intuit
have always been fully disclosed, revealing
exactly how much it costs for you and your
employees to participate in a plan. Intuit
401(k)’s fees are also significantly below the
national average.
To learn more about fee-disclosure regulations and how to protect your assets with
an Intuit 401(k), call toll-free 1-855-807-
7253;to get a free 401(k) guide, or visit
Costco.com and search “401kfee.”
Special boat offer on Sea Ray, Boston
Whaler and Harris FloteBote products
• Costco member-only pricing on eligible
models
• Costco member incentives up to $3,500
• All available manufacturer incentives
• $500 Costco Cash card for submitting a
redemption form and CAP member-satis-faction survey after purchase
INSURANCE STUDY
Customer satisfaction
success
Costco and its affiliates do not sell boats, motorcycles or powersports products or negotiate individual transactions. Terms subject to change. See “Services” at Costco.com for applicable terms.
SERVICE EXPANSION
Vehicle Repair Protection now in 37 states
ALABAMA, MICHIGAN, Montana, North Dakota
and Wisconsin are the newest states in the
expansion of the Vehicle Repair Protection program provided by Century Warranty Services.
If your vehicle is up to 10 years old and
has between 10,000 and 75,000 miles, this
comprehensive program can provide repair
protection to combat expensive mechanical
repairs when the factory warranty runs out.
COSTCO PARTNER Ameriprise Auto &
Home Insurance was ranked among the top
five companies for overall customer satisfaction in J.D. Power’s 2011 National Auto
Insurance StudySM.
The study measured customer satisfaction with auto insurance companies across
five factors: interaction, price, policy offerings, billing and payment, and claims.
Ameriprise Auto & Home Insurance ranked
in the elite “high satisfaction” category.
“Their commitment to providing outstanding customer service is exactly why
Costco has offered auto and home insurance
to members through an alliance with
Ameriprise for more than 10 years,” says
Lisa Castaneda, Costco Services manager.
To experience Ameriprise Auto & Home
Insurance customer service yourself, call toll-free 1-888-404-5365.
All services are provided by third parties, may not be available in all areas and are subject to change without notice. Some restrictions apply. See “Services” at Costco.com for applicable terms and conditions.
JUNE 2012 ;e Costco Connection 95
