MFS Connections - Summer 2020

2 15 YEAR 2.763 3.013 % APR ** Thomas Rudzewick President and Chief Executive Officer 30 YEAR Sincerely, THE IMPACT OF COVID-19... HOW WE RESPONDED, ADJUSTED AND FORGED AHEAD AS A TEAM The past few months have challenged all of us in more ways than we could have ever imagined. While we have each been impacted differently, our collective experiences have helped define us as a community. As a community, we persevered through the worry, personal illness and loss. We adapted to new routines and work arrangements and many were on the front lines daily keeping our communities going. During the past few months, our staff was also resilient. We worked together to support each other and continued to do what we do best – provide excellent service and assistance to our customers and communities. While I’m hopeful the worst of this journey is behind us, the next few months will continue to challenge us. As New York and the rest of the United States continue to slowly bring business operations back to where they were a few months ago, I’d like to remind you that we still need to be cautious and smart in our everyday interactions and adhere to additional safety measures and protocols to ensure everyone’s safety. This issue focuses on our commitment to doing good and keeping business operations running smoothly. We highlight what we have been doing to keep our customers and employees safe, such as creating new protocols and procedures. We also provide educational resources, tips for those working from home and more. As we look to the Fall, we have many exciting projects and programs in store, including mortgage programs and our new banking system upgrade coming in September. As we look forward, we will continue to work our hardest to ensure that you, our loyal customer, remain confident in us. I want you to know Maspeth Federal Savings will continue to do our part to support and contribute to the local community and make banking more convenient. Thank you for your business. We will get through this together. FIXED RATE MORTGAGES Apply Online Today **Annual Percentage Rate (APR) is effective 08/17/20. Available for loan amounts up to $999,999.00 for 1 to 4 family properties, condominiums & co-ops only. Rates for loan amounts of $1,000,000.00 and above will be deter- mined by the Bank. Loans over $500,000.00 and above on 1 family homes & condominiums must be owner-occupied. Co-op loans must be owner-occupied regardless of loan amount. Up to 75% loan to value for purchases, 70% loan to value for refinances. Rates & terms are subject to change without notice. Non-Owner Occupied 1-4 Family Homes & Condominiums 30 YEAR Primary 1 & 2 Family Homes, Condominiums &Co-ops Primary 1 & 2 Family Homes, Condominiums &Co-ops 15 YEAR Non-Owner Occupied 1-4 Family Homes & Condominiums % APR ** 3.007 % APR ** 3.757 % APR **