News

Wheelhouse Weekly – July 29, 2004

July 29th 2004

 


THE MASTERS, MATES & PILOTS’
WHEELHOUSE WEEKLYonline

– Bridging the Information Gap WithE-News You Can Use –

Volume8 . . . . . Number 31 . . . . July 29, 2004






 


Convention Call: MM&P 80th Convention


In accordance with Article IV, Section 2, ofthe International Constitution, members are hereby notified that a regularconvention of the MM&P will be convened at 1000 on Monday, August 2,at MITAGS, 692 Maritime Blvd, Linthicum Heights, MD. Nominations for electiveoffice will take place at this Convention. Constitutional amendments mayalso be considered at this Convention.

Members are also hereby notified that inaccordance with Article IV, Section 6., Subsection b), all proposed resolutionsmust be forwarded to the International Secretary-Treasurer at least 30days prior to the opening day of the Convention for inclusion on the Agendaand determination by the Convention.


NOTE:

The period for receipt of resolutions atMM&P Headquarters for inclusion on the Convention Agenda closed onFriday, July 2, 2004 at 5:00 PM Eastern time.


 

STORIES COVERED

ALSO

REMINDERS




Did you miss a week? Backeditions of the Wheelhouse Weekly are available in the section.




 

MM&P CONVENTION COMMENCES MONDAY, AUGUST 2 AT MITAGS

The 80th MM&P Convention commences on Monday, August 2 at MITAGS. Delegates,members and guests will hear from an impressive list of speakers who willshare their insights on the current course of government affairs and fiscalpolicy, organized labor and the maritime industry.

The Honorable John Snow, Secretary of the United States Treasury andformer CEO of CSX Corporation; US Senator Paul Sarbanes (D-MD); Capt. WilliamSchubert, Administrator, US Maritime Administration; and Baltimore MayorMartin O’Malley are among high-ranking federal and local government officialswho will address convention delegates.

John Bowers, President, International Longshoremen’s Association; RichardTrumka, Secretary-Treasurer, AFL-CIO; Michael Sacco, President, Seafarers’International Union; Gunnar Lundeberg, President, Sailors’ Union of thePacific; Mike McKay, President, American Maritime Officers; Ron Davis,President, Marine Engineers’ Beneficial Association; Leo Gerard, President,United Steel Workers of America; Ernie Grecco, President, MetropolitanBaltimore Council, AFL-CIO; and Ron DeJuliis, International Union of OperatingEngineers, Local 37 are among top labor and maritime leaders scheduledto address the convention.

Chuck Raymond, President of MM&P-contracted Horizon Lines; JamesPatti, President, MIRAID; Valerie Verrecchio, Administrator, MM&P Health& Benefit Plans; Kathy Klisavage, Manager, MM&P Federal CreditUnion; and Glen Paine, Executive Director, MITAGS will also address thedelegates. Convention proceedings are open for all MM&P members toobserve. For further info, contact Audrey Scharmann at Email:ascharmann@bridgedeck.org or phone: 410-850-8700×17.
 



 

LOCAL 88 TRUST FINALLY DISBURSES MONEY

International Headquarters was informed today (7/29) that, after almostten years of frustration and delay, the payments to the members of theLocal 88 Trust are being made.

The Judge has approved payment and the checks are being written as ofThursday, July 29.

Each member will receive a little over $1000 with approximately $6000being held in reserve for contingencies and for those of the lost battalion.It is expected that the checks will go in the mail within the next twoweeks.

If you believe that you are entitled to a check because you were a memberof the Local 88 Trust on September 30, 1970, please contact the New York/NewJersey Union Hall at 201-963-1900 or the International at 410-850-8700x17and your issue will be addressed.



 

HORIZON LINES ENHANCES US-PUERTO RICO SAILING SCHEDULE

Responding to a stronger than anticipated demand for shipping servicesin the US mainland-Puerto Rico trade, MM&P-contracted Horizon Linesis re-activating the Midweek Jacksonville Express (MJX) service with thesailing of the HORIZON CRUSADER early next month.

The MJX service, which sails Thursday from Jacksonville and returnswith a Sunday sailing from San Juan, will recommence with the southboundsailing of the HORIZON CRUSADER from Jacksonville on August 5.

The MJX service is generally suspended for the entire summer to coincidewith off-peak seasonal demand, said Gabriel Serra, vice president andgeneral manager, Puerto Rico services, for Horizon Lines. We have closelymonitored the service levels and are experiencing a strong demand for HorizonLines services. Our commitment to providing best-in-class service drivesour decision to return the MJX into service a month ahead of schedule.

Serra noted that the carrier has the ability and capacity to respondto immediate demands of the trade. Horizon Lines will again have amplecapacity to handle the demand during August and has advised customers ofthis additional availability via Jacksonville.
 



 

APL PARENT COMPANY DOUBLES SECOND QUARTER PROFITS

Global shipping and logistics company Neptune Orient Lines (NOL), the parentcompany of MM&P-contracted APL, has reported second quarter 2004 netprofits of $186 million, more than double 2003’s net profits of $68 millionfor the same period. Total net profits for the first half increased 299%to $354 million.

NOL’s liner business, APL, achieved earnings of $189 million in thesecond quarter, a 130% improvement over last year. APL CEO, Ron Widdows,said, strong volume growth and a strong focus on maximizing asset utilization,managing the mix of the business, and controlling costs produced higheraverage revenue per FEU (40-foot equivalent unit) boosted liner performance.

APL introduced several new services in 2004. In March, APL launchedthe SSX (serving the Indian-Subcontinent) followed by the startup of theACX (Australia/China Express) in May. In June, the New World Alliance reintroducedthe PSV (S. China/LA Express) service. SCX, a new Asia-Europe service waslaunched in July.

The combined new services have added capacity in excess of 5,000 TEUsper week compared with 2004’s first quarter capacity. APL has recentlysigned new charter agreements for the delivery of four containerships in2007-2008.



 

DEMOCRATIC NATIONAL CONVENTION NOMINATES JOHN KERRY

It’s now official. Delegates at the Democratic National Convention meetingin Boston this week have nominated John Kerry for President in 2004. SenatorJohn Edwards was chosen as Kerry’s Vice Presidential running mate.

On Monday night, former President Bill Clinton took the opportunityduring his keynote speech to blast Republicans on the issue of port security.Clinton said tax cuts were more important than protecting US ports.

On Homeland Security, Democrats tried to double the number of containersat ports and airports checked for Weapons of Mass Destruction, Clintonsaid. The one billion dollar cost would have been paid for by reducingthe tax cut of 200,000 millionaires by five thousand dollars each.

Clinton, who referenced his own recent millionaire status, noted thatalmost all 200,000 of us would have been glad to pay $5,000 to make thenearly 300 million Americans safer, but the measure failed because theWhite House and the Republican leadership in the House decided the taxcut was more important.

Clinton signaled his support for the Kerry-Edwards team by telling thedelegates on the convention floor that if you agree with that choice,re-elect them. If not, give John Kerry and John Edwards a chance.



 

USCG AGGRESSIVELY PUTS NEW SECURITY MEASURES INTO PLACE

Earlier this week (7-27) during a joint interview with the Pentagon Channeland the American Forces Press Service, USCG Commandant Adm. Thomas Collinssaid the Coast Guard is aggressively putting new security measures intoplace to comply with the new Maritime Transportation Security Act, whichtook effect July 1.

As previously reported in the Wheelhouse Weekly, the new law is designedto protect US ports and waterways from a terrorist attack. Adm. Collinscalled the new law an important part of an overarching security frameworkin place in the US and around the world.

Also vital to this framework, he said, is the new International Shipand Port Facility Security Code (ISPFS), which also took effect July 1and regulates shipping and port operations worldwide. More than 140 nationshave signed on to the code, which was coordinated through the InternationalMaritime Organization.

Collins said, I think we have come a long way since 9/11 in tryingto build a robust security regime for maritime. The challenge ahead, hesaid, is to ensure that these measures are implemented in a vigorous wayin the US and around the world. The USCG is adding 500 people to its forceto focus on this enforcement.

The USCG published new maritime security regulations last year in anticipationof the law’s passage. These regulations focus on sectors of the maritimeindustry with the greatest risk of being involved in a transportation securityincident. They include tank vessels, barges, large passenger vessels, cargovessels, towing vessels, offshore oil and gas platforms and port facilitiesthat service these vessels or handle dangerous cargo.

To learn more about these new security measures, see these related sites:

USCG: www.uscg.mil

Maritime Transportation Security Act -and- International Ship and PortFacility Security Code: www.uscg.mil/hq/g-m/mp/mtsa.shtml

International Maritime Organization: www.imo.org
 



 

HOUSE PASSES BILL AUTHORIZING $8.2 BILLION FOR USCG

Who is paying for all these new USCG security measures? As usual, US taxpayerswill be footing the bill. Late last week (7-22), legislation that authorizes$8.2 billion for USCG operations and new equipment was overwhelmingly approvedby the US House of Representatives.

The conference report on HR 2443, The Coast Guard and Maritime TransportationAuthorization Act for 2004, was approved by a 425-to-1 vote and is nowawaiting action by the US Senate.

I believe that through our negotiations with the other body, we havecrafted legislation that will give the Coast Guard the resources and authoritiesnecessary to protect the safety and security of lives and property on USwaters, said US Rep. Don Young (R-AK), the Chairman of the Transportationand Infrastructure Committee.

As this body’s only licensed mariner and the elected representativefor all of Alaska, I am extremely interested in making sure the USCG hasthe tools necessary to carry out its many and varied missions.

There are continuing concerns that some of the USCG’s traditional missionsmay be suffering as a result of the new emphasis on homeland security.I remain optimistic that this legislation will provide the Coast Guardwith the resources and legal authorities necessary to get the service backto an acceptable state of mission balance, Young said.
 
 



 

BOMB-THREAT JOKE LANDS CAPTAIN IN US JAIL

The Master of the Turkish bulker CENK KAPTANOGLU who joked with a USCGboarding party about having a bomb aboard his ship, was arrested and hasbeen held over for trial by a federal judge in Wilmington, DE. He toldUSCG officers that the bomb would detonate when the vessel arrived at itsdestination at the Port of Philadelphia.

Appearing in federal court earlier this week, the 46-year-old Turkishnational was denied bail after the judge determined that probable causeexists that he committed two felonies: making false statements to a federalofficer and making a false bomb threat.

No date has been set for his next hearing, but under the government’sexpedited trial procedure, he has 70 days to either be indicted or pleadguilty to the information. He could face up to 15 years if convicted onboth charges.

The incident occurred after the captain grew weary of a USCG boardingand inspection of his ship. Reportedly, he then told a boarding officerthat there was a bomb on board and that it would explode when the shipdocked. The FBI and other agencies were immediately notified and the shipwas diverted from its Philadelphia destination to a safe spot in DelawareBay, where it was searched. No explosives or bomb-type devices were found.

An FBI spokesman said, We’re taking things like these very seriously,especially with people who are in charge of commercial vessels.
 



 

PIRATE ATTACKS FALL AS CREW DEATHS DOUBLE

The good news is that pirate attacks on ships worldwide fell by22 percent in the first half of the year as incidents in India and Bangladeshdropped, the International Maritime Bureau said last week. The bad newsis that crew deaths from pirate attacks doubled.

Attacks totaled 182 in the first six months of the year, compared with234 a year earlier, the IMB’s Piracy Reporting Center in Kuala Lumpur saidin a report. The number of attacks in India fell by half because of stricterpolicing. Incidents in Bangladesh fell by 22 percent.

Indonesia accounted for more than a quarter of the attacks with 50 incidents,followed by the Strait of Malacca with 20, said the piracy center. Nigeriaranked third with 13 attacks. The IMB, part of the International Chamberof Commerce, was set up 12 years ago and financed with donations by shipownersand insurers.

There are no signs that the number of attacks will drop unless Indonesiatakes serious steps to address the problem, the IMB said. Most of theincidents involving violence happened in Indonesia, where pirates werearmed with guns and knives.

Thirty people were killed, up from 16 a year earlier, the IMB said.About 139 people were taken hostage and 21 were reported missing.

In February, hijackers shot dead four crewmembers on an oil tanker offIndonesia after its owner failed to pay ransom. The other nine escaped.Also in February, pirates with M-16 rifles held hostage nine fishermenand the crew of three trawlers off Indonesia, releasing them only afterreceiving part of a $132,000 ransom.
Over a quarter of the attacks targeted tankers shipping oil, gas andchemicals and 17 percent were aimed at dry-bulk vessels carrying iron-ore,coal and grain. About 13 percent of the attacks involved container ships.

Eight ships were hijacked in the period, one less than a year ago. Thailand’snaval police arrested four men in March and accused them of changing thenames of stolen vessels after the recovery of a barge containing about$1.8 million worth of palm oil.

About 16 percent of the attacks involved ships registered in Panama.Pirate attacks rose 20 percent last year to 445, the IMB said. They reachedan annual record of 469 in 2000.
 



 

MITAGS SEEKS FULL-TIME INSTRUCTOR FOR PMI IN SEATTLE

The Maritime Institute of Technology and Graduate Studies (MITAGS) is acceptingapplications for a full time instructor to work at its Pacific MaritimeInstitute in Seattle, WA.

This state-of-the-art facility requires an instructor who will developcourses in the maritime field and provide quality classroom and simulationinstruction to merchant marine deck officers at all levels of their professionaldevelopment.

A broad background with experience on dry and liquid cargo vessels ispreferred. Outstanding verbal and written presentation skills with experienceand enthusiasm in teaching adults in both a classroom and on-the-job settingare desired. Excellent computer skills are a must: MS Office Suite andWindows operating systems.

Five years maritime experience at the Chief Mate or Master level within-depth knowledge and technical skills with bridge systems, completionof STCW-95 requirements desired. Maritime or military academy graduatepreferred.

Union membership following employment is required. Competitive salaryand outstanding Union benefits. Email resume to hr@mitags.org or fax to:HR Manager, 443-989-3341. EEO AA.
 

Backto Stori es Covered



 

MITAGS ACADEMIC NOTES

CLASS TIMES & TRAVEL PLANNING

Please plan your travel in accordance with the following class times.

Classes start daily at 0830 and conclude at 1630 hrs. The exceptionis Shiphandling, which may be scheduled for a morning or late afternoonstarting time.

Shiphandling attendees will be assigned a starting time at the 0825briefing for all students on Monday. If you are attending a Shiphandlingcourse, do not make plans to depart MITAGS prior to the morning followingcourse completion.

New at MITAGS-Complete Basic and Advanced Fire Fighting in a combinedone week course, offered September 20th.

CLASS OPENINGS

Between now and the end of October 2004, seats are available in the followingcourses:
~~~ ~~~ ~~~

  • AIS-1 – Automatic Identification System: 8/23, 10/4
  • AIS-1/PPU – Auto ID System/Portable Pilot Unit: 8/30, 9/4
  • ARPA – Automatic Radar Plotting Aids: 8/9, 8/30, 9/20, 9/27
  • AZIPOD – Azipod Propulsion System: 10/2
  • AZIPOD-KAM – Azipod and Kamewa Steering and Propulsion: 8/30

~~~

  • BRM – Bridge Resource Management: 10/4
  • BST – Basic Safety Training: 8/16, 9/13, 10/25

~~~

CMM – Chief Mate and Master Courses

  • CMM-ADVSTB – Advanced Stability: 9/27, 10/25
  • CMM-ADVWX – Advanced Meteorology: 9/20
  • CMM-CHS II – Cargo Handling & Stowage (week 2): 8/9
  • CMM-CHS I – Cargo Handling & Stowage (week 1): 8/16
  • CMM-ECDIS – Electronic Chart Display and Info Systems: 8/16, 9/13, 10/11
  • CMM-MMP – Marine Propulsion Plants: 8/2, 10/18
  • CMM-SHS-ADV I – Advanced Shiphandling (week 1): 9/20
  • CMM-SHS-ADV II – Advanced Shiphandling (week 2): 8/9, 9/27
  • CMM-SHMGT-I – Ship Management (week 1): 8/23
  • CMM-SHMGT-II – Ship Management (week 2): 8/30
  • CMM-VPEN – Voyage Planning & Electronic Navigation: 10/4
  • CMM-WKP – Watchkeeping: 9/13

~~~

  • CONT-PLNG – Contingency Planning Workshop: : 9/2, 10/14, 10/26, 10/28
  • CSE-AWR – Confined Space Awareness Seminar: 9/24

~~~

  • FF-BADV – (Combined) Basic and Advanced Firefighting: 9/20
  • FL – Flashing Light:  9/30
  • FSM – Fatigue, Sleep and Medications: 9/1

~~~

  • GMDSS – Global Marine Distress and Safety System: 10/25

~~~

  • HAZ – Hazardous Materials [5-day]: 8/23

~~~

  • LEG – Legal Aspects of Pilotage: 9/1

~~~

  • MED-DOT-DA – Dept. of Trans. Drug & Alcohol Testing: 8/14, 9/18, 10/16
  • MED-PIC – Medical Person In Charge: 8/9, 10/11
  • MED-PRO – Medical Care Provider: 8/9, 10/11
  • MED-SMC – Shipboard Medical Care (4 weeks): 8/30
  • MEDIA-RSP – Media Response: 9/3, 10/15, 10/27, 10/29

~~~

MSC – Military Sealift Command Courses

  • MSC-COMMS – Strategic Sealift Communications: 8/9
  • MSC-CBRD-1 – Chemical Biological Radiological Defense Training Orientation:8/23, 10/25
  • MSC-DC – Damage Control: 8/6, 8/24, 8/26, 9/16, 10/21
  • MSC-ENVPRO – Environmental Protection: 8/14
  • MSC-SMA-R – Small Arms Renewal (2-day): 8/24, 8/26, 10/26, 10/28
  • must have passed all 3 weaponswithin 2 years

~~~

  • ROP-5 – Radar Observer Original & Renewal: 8/23
  • ROR-1 – Radar Observer Renewal: 8/2, 8/14, 8/30, 9/18, 9/20, 10/2

~~~

  • SEC-FSO – Facility Security Officer: 8/17, 9/28
  • SEC-OFF-PCS – Security Officer: Port, Company, Ship: 8/30, 10/11
  • SEC-PLT – Security Training for Pilots: 8/31
  • SHS-BAS – Basic Shiphandling: 9/13, 10/11
  • SHS-EMR5 – Emergency Shiphandling (5-day): 8/4, 8/23

~~~

  • TPIC – Tankerman Person-In-Charge: 9/20
  • TRAC-TUG – Water Tractor and Azimuth Stern Drive Tugs: 9/2

~~~ ~~~ ~~~
Check the MITAGS website for up-to-date course descriptions associatedwith the course title abbreviations, and for schedule revisions.

 

Attendance Verification & Cancellation is Vital

If you are scheduled for a course, call, write, or Email admissions toadvise whether or not you will attend. Many classes are in demand and maintaina Standby List. “No Shows” are missed training opportunities for othermembers.
 
 

Schedules, Course Info & Registration

Courses are subject to change. Always check the MITAGS website for updatedcourse availability. You can also check future schedules, review detailedcourse descriptions and register on-lineor contact Admissions at admissions@mitags.orgor by calling toll-free, 1-866-656-5568.



 

PMI MARITIME TECHNOLOGY & CAREER CENTER ACADEMIC SCHEDULE

All the courses below will be conducted at the new Pacific Maritime Institutefacility located in Seattle at 1727 Alaskan Way South, Pier 34. The newfacility features a state-of-the art Ship Simulator that has to be experienced.PMI phone numbers remain the same. Come see the new facility at PMI’s “MaritimeTechnology and Career Center”.

August 2004 Courses

  • 8/02: Radar Renwal
  • 8/02-04: Ship Security Officer
  • 8/02-06: Basic Meteorology
  • 8/02-06: Basic and Advanced Firefighting
  • 8/02-06: ARPA
  • 8/09-13: Ship Construction and Basic Stability
  • 8/09-13: ECDIS
  • 8/09-13: Tankerman Person-In-Charge
  • 8/16-20: Basic Safety Training
  • 8/16-20: Basic Cargo Operations
  • 8/16-27: Advanced Shiphandling
  • 8/16-27: GMDSS
  • 8/23-27: Basic and Advanced Firefighting

Contact DeeDee Lazik at 206-441-2880 or 888-893-7829 (toll free) for registrationor visit the PMI website at mates.org.



 

MM&P MARKET WATCH AS OF JULY 28, 2004 CLOSE

 

 DO W    NA S D A Q
 10,117.07 -91.73 for the week  1,914.88  -56.62 for the week
Fund Name & TradingSymbol
Closing
Price
 Vanguard 500 IndexFund (VFINX)
101.30
 Vanguard Extended MarketIndex Fund (VEXMX)
26.29
 Vanguard InternationalGrowth Fund (VWIGX)
16.02
 Vanguard Morgan GrowthFund (VMRGX)
14.31
 Vanguard Windsor IIFund (VWNFX)
27.27
 Vanguard GNMA Fund(VFIIX)
10.31
 Vanguard High YieldCorporate Fund (VWEHX)
6.24
 Vanguard Total BondIndex (VBMFX)
10.09
 Chase Growth Fund (CHASX)
15.39
 Fidelity Asset Manager(FASMX)
15.38
 Fidelity Growth andIncome (FGRIX)
35.34
 Fidelity Magellan Fund(FMAGX)
95.21
 Spartan US Equity IndexFund (FUSEX)
38.88


~Reminders ~



 


 

REMINDER TO MEMBERS ON ISPS CODE AND MTSA-2002 RECORD-KEEPING

MM&P members are reminded that provisions of the Maritime TransportationSecurity Act of 2002 and the International Ship and Port Facility Security(ISPS) Code went into effect on July 1. These provisions impact LDOs aboardall oceangoing vessels sailing in the international and coastwise trade.

MM&P HQ has sent a letter to all Offshore Membership Group contractedships and to the home address of every active member of the Offshore MembershipGroup addressing in more detail this issue and how it may affect our contracts.

MM&P advises members to note and follow these procedures:

  1. Maintain and keep detailed time and duty records for any hours of workperformed doing anything that might be considered security duties.
  2. Maintain and keep detailed time and duty records for any hours of workperformed doing anything outside the usual and normal duties of an LDO.
  3. All LDOs should submit penalty rate for payment for any time spent as outlinedin items 1 and 2 if these duties are done during normal watch or duty hours.
  4. All LDOs should submit overtime for payment for any time spent as outlinedin items 1 and 2 if these duties are done outside normal watch or dutyhours.

Members having any questions or comments are asked to contact your areaVice President or Port Representative.



 

EMPLOYMENT OPPORTUNITIES AVAILABLE ON MSC T-AGS SHIPS

Under a new Military Sealift Command contract, MM&P-contracted HorizonLines will soon take over the operation and maintenance of sevenoceanographic ships (T-AGS) to support the Naval Oceanography Program.MM&P will represent the deck officers.

For those members and applicants interested in employment possibilitieson these vessels, contact MM&P HQ by calling 410-850-8700 x23 or byEmail at: mrodriguez@bridgedeck.org.



 

August 30 Deadline: USCG SEEKS MERCHANT MARINEADVISORY COMMITTEE MEMBERS

The USCG is seeking applications for appointment to membership on the MerchantMarine Personnel Advisory Committee (MERPAC). MERPAC provides advice andmakes recommendations to the USCG on matters related to the training, qualification,licensing, certification, and fitness of seamen serving in the US merchantmarine. Applications should reach the USCG by August 30.

Application forms may be obtained via the Internet by logging on towww.uscg.mil/hq/g-m/advisory/index.htmor by writing to:

Commandant (G-MSO-1) United States Coast Guard 2100 Second Street SW Washington, DC 20593-0001

Send completed applications to:

Mark Gould, Assistant Executive Director MERPAC Room 1210, U.S. Coast Guard Headquarters 2100 Second Street SW Washington, DC 20593-0001
 < /P>

For further info, call MERPAC at 202-267-6890, fax 202-267-4570 or contactCapt. Joe Stone at MM&P HQ at 410-850-8700 x24, Email: jstone@bridgedeck.org.



 

August 30 Deadline: COLLEGE SCHOLARSHIPS AVAILABLEFOR FRESHMAN AND GRAD-SCHOOL DEPENDENTS

Attention all Members in good standing with dependent children who willbe college freshman in September: A local Baltimore law firm is awardingtwo $2,500 one-time only scholarships to children of Union members. Sincethe MM&P is headquartered in the Baltimore area, Union members’ childrenwould be eligible to apply for these scholarships.

One scholarship is for Undergraduate and the other is for Graduate School.Students must already be accepted to a college prior to applying. The deadlinefor application is August 20. The scholarships will be awarded September24.

If your son or daughter would like to make application for this scholarship,please have them contact the MM&P Plan Office at 410-850-8600 for anapplication. The member’s name is required so that the Union can sign theapplication to certify that he/she is a member in good standing prior tosending the application to your child.

Members can also Email Plans Administrator Valerie Verrecchio at mmpplansval@aol.comwith the member info including address where the application can be mailed.



 

MM&P FCU NEWS

Rates Drop, Limits Increase On Auto Loans

MM&P FCU vehicle loan rates have dropped across-the-board. EffectiveMay 5, borrowers may finance up to $30,000 on vehicle loans for terms upto 72 months. This is an increase of $5,000 and 12 months over past maximumfinancing amounts and terms.

Rates on 6 year auto financing range between 5.50% and 6.25%. Vehicleloan rates are as low as 4.00%. Rates apply to new and used cars, and toloans refinancing higher rate vehicle loans from other institutions. Contactthe Credit Union office to find out how these rates may cost less thandealers incentives and how you qualify for new, low rate vehicle financing.
 
 

Signature Loan Rates Dip

As an added bonus, Signature Loan rates have also been lowered. Now isthe time to start thinking about those summer vacation plans or home improvementprojects. Signature loan rates range from 9.00% to 9.75%. Hurry and takeadvantage of these new lower rates and start saving money today.

Need More Info? Contact Kathy Klisavage, MM&P FCU Manager, to learnmore about loan rates and products, direct deposit, share savings accountsand certificates of deposit, benefits of membership and membership eligibility.Kathy Klisavage can be reached by email to mmpfcu@bridgedeck.org,or by calling 410-850-8700 x43 or toll-free 1-800-382-7777.

All MM&P FCU loan rate percentages are APR or Annual PercentageRate. All MM&P FCU savings and certificate rates are APY or AnnualPercentage Yield. Loan terms and conditions are subject to change. Contactthe MM&P FCU for eligibility info and for full terms and conditions.
 
 

Protect Your Personal Information – Beware of Email Scams

“It’s the curse of technology,” was overheard recently as someone talkedabout Email scams. Email scams are rampant these days, just like telephonescams were not so long ago. In the most-common current scenario, an Emailis received from what looks like a legitimate entity that asks you to providesensitive, private information to “verify” your identity or account. Scamartists are now even posing as the Internal Revenue Service to try andget your info.

The IRS recently issued a warning that fraudulent emails disguised asbeing from them are aimed at tricking taxpayers into providing their SocialSecurity numbers, driver’s license information and bank and credit cardnumbers through a web site that’s set up to look like it belongs to a federalagency. If this information is obtained it can be used by identity thievesto take over a person’s financial accounts, run up charge cards, applyfor loans and file fraudulent tax returns.

Protect yourself. No financial institution, federal agency or legitimatebusiness will initiate contact by Email or phone and ask for any such personalinformation. Legitimate entities with which you are already establishedshould have that info. If you receive such a request, contact the senderto verify if it is legitimate. The MM&P Federal Credit Union has neverbeen the target of such a scam and will never initiate an Email to youthat asks for this type of private information.



The MM&P Wheelhouse Weekly is the officialelectronic newsletter of the International Organization of Masters, Mates,and Pilots, ILA, AFL-CIO, 700 Maritime Blvd., Linthicum Heights, MD 21090-1941.Phone: 410-850-8700; Fax: 410-850-0973; Email: iommp@bridgedeck.org.For further info or to subscribe contact John Peige at jpeige@bridgedeck.org.The Wheelhouse Weekly is sent via Email to MM&P-contracted vesselsat sea, broadcast worldwide via FEC marine telex and is posted on our webpage.

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