OUTH
E X C H A N G E
University of South Alabama
Federal Credit Union
103 Hillcrest Rd.
Mobile, AL 36608
Board of Directors:
President, Polly Stokley
Vice President, Pam Henderson
Secretary, Scherita Mixon
Treasurer, Ben Tipton
Board Members
Wayne Davis
Chuck Warnol
John Smith
Management and Staff:
Manager
Felicia McKee
Assistant Manager
Jessica Dickson
Bookkeeper
Michele Allen
Loan Officers
Sandra Bolden
Kristin Blackerby
Compliance Specialist
Stacy Barnhill
Tellers
Brenda Walker
Angela Garrick
Khyrstal Brown
Debbie Allen
Phone: (251) 706-0255
Fax:
(251) 706-0299
Main (Campus) Lobby Hours:
Monday – Friday
8:00 a.m. till 5:00 p.m.
Drive-Up Hours:
Monday - Thursday
7:30 a.m. till 5:00 p.m.
Friday
7:30 a.m. till 5:30 p.m.
USAMC Branch Office Hours:
Monday, Wednesday, Friday
8:00 a.m. till 12:30 p.m.
1:00 p.m. till 4:00 p.m.
Children’s & Women’s Hospital
Branch Hours:
Thursday
8:30 a.m. till 12:30 p.m.
1:00 p.m. till 4:00 p.m.
HOLIDAY CLOSINGS, 2016
Friday, January 1, 2016....................................New Year’s Day
Monday, January 18, 2016... Martin Luther King, Jr. Birthday
Tuesday, February 9, 2016............................. Mardi Gras Day
Monday, May 30, 2016.................................... Memorial Day
Monday, July 4, 2016 for............................Independence Day
Monday, September 5, 2016.................................. Labor Day
Thursday, November 24, 2016.....................Thanksgiving Day
Monday, December 26, 2016...........................Christmas Day
Current Loan Rates
New Auto Rates
.…36 months… 1.74% APR
….48 months… 1.94% APR
….60 months.... 2.24% APR
….72 months… 2.84% APR
Other Loan Rates
Unsecured Loans
..up to 36 months…as low as 10.4 % APR
Get-Away Loans
..up to 48 months…as low as 7.40% APR
VISA Credit Cards
….8.9% APR/No Annual Fee
All loan rates quoted as Annual Percentage Rates
and are subject to change without notice.
Loans available to qualified borrowers and are
subject to existing credit policies.
Equal Opportunity Lender.
EQUAL HOUSING
LENDER
PLEASE NOTIFY US
If you have any changes in your information, please
remember to notify us.
• For your protection, please notify us immediately if you
are moving or have had a recent change of address.
• Please remember to also let us know if you have any
change in phone numbers or email addresses.
MEETING
WINTER 2015 EDITION
2
0
1
6
Annual
Save the Date:
March 15, 2016
Attention Credit Union Shareholders (ahem:
that’s you)! The credit union’s annual meeting is
coming up, and you’re invited to join us. That’s
because as a member/owner of the credit union,
you’re a shareholder. That’s one of the key
differences between your credit union and the bank
down the street. The bank has stockholders and
exists to make them a profit. As a not-for-profit
financial cooperative, your credit union exists to
serve you. So make plans now to attend the annual
meeting. Hear about how we fared in 2015 and
what’s on tap for 2016. Meet the board of directors
- the people you’ve elected to represent your best
interests. Enjoy refreshments and visit with fellow
members. The annual meeting is a credit union
tradition. We hope you’ll be able to participate.
Nomination Procedures for the
2016 Annual Meeting,
March 15, 2016
The Nominating Committee for the 2016
Credit Union Annual Meeting was appointed
in October 2015. The Committee filed
its nominations with the secretary of the
credit union on December 11, 2015. A brief
statement of qualifications was included for
each nominee submitted by the Nominating
Committee. Nominations for vacancies may
also be made by petition signed by 1% of the
members. Each nominee by petition must
submit a similar statement of qualifications
with the petition
Nominations by petition must be filed with the
secretary of the credit union at least 40 days
before the annual meeting. There will be no
nominations from the floor.
STATEMENT OF FINANCIAL CONDITION
As of October 31, 2015
ASSETS:
Total Net Loans & VISAs
Net Investments
Fixed Assets
Land and Building
Other Assets
TOTAL ASSETS
Liabilities & Equity:
Liabilities (Payables)
Member Deposits:
Certificates of Deposit
Share Drafts (Checking)
IRAs
Christmas & Youth Clubs
Regular Shares
Equity
Regular Reserves
Undivided Earnings
TOTAL LIABILITIES & EQUITY
10,645,255.77
28,306,474.84
58,330.24
653,248.48
91,141.73
$39,754,451.06
85,580.16
2,581,556.11
4,519,723.94
1,300,017.14
671,667.79
26,556,861.88
336,491.99
3,702,552.05
$39,754,451.06
Relax This Holiday Season with Skip-A-Payment
You know the tune: It’s the “most wonderful time of the year.”
Yet for many of us, those holiday expenses, on top of the extra
cooking, baking, entertaining, decorating, shopping, wrapping
and more, can make it the most “stressful” time of the year. We
can’t help you complete those holiday chores, but we can give
your budget a break with Skip-A-Payment.
Skip-A-Payment allows you to defer payment on certain
consumer loans. Help yourself to some extra spending money
when you take advantage of this option. Borrowers in good
standing with qualified loans may defer their loan payments. So
this holiday season, take the break you deserve. Contact the
credit union about how you can Skip-a-Payment. Then relax. It
really can be the most wonderful time of the year to spend with
your family and friends.
Nearly 30,000 ATMs. Over 5,000 Branches. Just look
for the CO-OP logo. SAME ATMS AND BRANCHES.
SAME NATIONWIDE ACCESS. THE NEW CO-OP LOGOS
MAKE THEM EASY TO FIND.
We make it easy to access your accounts wherever you are. Our
members can take advantage of convenient locations nationwide. Find
one near you using one of any of our locator tools including mobile app,
allco-op.org, or call 1-888-SITE-CO-OP.
Join Our Christmas Savings Program
If your 2015 holiday expenses caught you off-guard, here’s a way
to be better prepared for the 2016 holiday season: Sign up for
the Christmas Savings Program at the credit union. By joining,
you’re earmarking funds that will help you take those extra holiday
expenses in stride. Even tucking away a small amount adds up. For
example, saving $15 a week for 48 weeks means you’ll have $720
when December rolls around. Save $25 a week for 48 weeks and
collect $1,200 - yours to spend on gifts, decorations, entertaining,
traveling, whatever holiday expenses come your way.
Make things easier when you put your Christmas Savings
Program on autopilot. Sign up for an automatic transfer or payroll
deduction. It’s absolutely true that what you don’t see, you don’t
miss. Contact the credit union to get started today.
As we close the books on 2015 and look forward to 2016, we
would be remiss if we didn’t take a moment to say “Thank You
Members!” We truly appreciate your being a part of the credit
union family. Without our valued member/owners, we would not
exist. You’re putting into action what Roy Bergengren, one of the
founders of the U.S. credit union movement, described when
he called credit unions a demonstration of “the practicality of the
brotherhood of man.” As a financial cooperative, your credit union
relies on savers to provide the funds for borrowers. When you
participate in all the benefits of belonging, you help make the credit
union stronger. Thanks for being a member and for your business.
We wish you a prosperous, happy, and healthy 2016.
The Last Word
The happiest people don’t necessarily have the
best of everything; they just make the most of
everything that comes their way.