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E X C H A N G E
SUMMER 2013 EDITION
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
Anita Stevenson
Bookkeeper
Barbara Roy
Loan Officers
Sandra Bolden
Kristin Blackerby
Compliance Specialist
Stacy Barnhill
Head Teller
Stephanie Lowe
Tellers
Doris Martin
Brenda Walker
Angela Garrick
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. and
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.
Your CU has a LOAN to make
a VACATION dream come true
A Getaway Loan Can Make Your
Dream Vacation Come True
Short on funds for your getaway? See the credit union
for your Getaway loan. Great rates mean you can
take the vacation you need to recharge your batteries
without the worry of wreaking havoc on your budget.
A Getaway loan can save you money because rather
than running up charges on your credit card and then
stressing about how you will pay for your purchases, you
can plan how much you want to spend. You can still
use your credit card to pay for transportation, food and
lodging, but then when you receive the bill, use your
Getaway loan to pay it off immediately. So whether
you’d rather spend your time in a rustic cabin in the
woods or take the family to a theme park let a Getaway
loan from the credit union help you make your dream
vacation come true.
JULY IS “ACCOUNT INFORMATION
UPDATE” MONTH
During the month of JULY, when you visit the credit
union or call, we will be verifying all your account
information. According to the USA PATRIOT Act,
section 326, all members must supply the credit
union with certain forms of current government
issued identification, a physical address, a valid tax
identification number and your date of birth. It is
the policy of the credit union to also make a copy of
your USA employee or student id.
This month we will be verifying all account
addresses and phone numbers on your account.
The credit union Thanks you for your continued
support and hopes that you continue to make us
your one stop financial shop.
Great Vehicle Rates Put You
Behind the Wheel
Ready for the open road this summer? You can be
with a pre-approved vehicle loan from the credit
union. Shop with confidence, knowing how much
you can afford to spend and that you have the
money in your pocket. And with the many online
tools available, you can do a lot of legwork from
the comfort of your computer or tablet. Sites like
edmunds.com or kbb.com (Kelley Blue Book)
allow you to comparison shop for vehicles and
price out options and accessories. If gas mileage is
important to you or you are considering a hybrid,
visit fueleconomy.gov to find the most fuel-efficient
vehicles as well as a calculator to determine if a
hybrid vehicle can save you money. Armed with
this knowledge and your pre-approved vehicle loan,
you are now ready to visit dealer showrooms. Focus
on “kicking the tires” and don’t reveal how you are
paying for the vehicle. Dealer financing is usually a
profit center for the dealer, so keep your financing
plans out of your negotiations until you are ready
to sign the paperwork. Otherwise, the salesperson
may try to make up any lost profit by up charging
something else.
Holiday
Closings, 2013
Thursday, July 4, 2013........................Independence Day
Monday, September 2, 2013.......................... Labor Day
Thursday, November 28, 2013.............Thanksgiving Day
Tuesday, December 24, 2013......................Close at 1:00
Wednesday, December 25, 2013............. Christmas Day
Tuesday, December 31, 2013......................Close at 1:00
Equal Opportunity Lender.
Equal Housing
LENDER
Wednesday, January 1, 2014...................New Year’s Day
STATEMENT OF FINANCIAL CONDITION
As of May 31, 2013
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
8,491,953.24
24,822,953.64
65,932.59
715,057.92
208,467.30
$34,304,364.69
198,117.37
3,270,382.33
4,149,830.01
1,505,793.66
415,807.21
21,249,122.60
336,491.99
3,178,819.52
$34,304,364.69
Four Ways to Save Money This Summer
It’s summertime and the livin’ is easy - but staying cool can be
hard on your wallet. Save energy, and some cash, with these
tips:
* Use your microwave. It not only takes two-thirds less
energy than your stove, it won’t heat up the kitchen.
* Keep your refrigerator and freezer full. This helps keep
them from warming up too fast when you open them,
and they don’t have to work as hard to stay cool. Use
pitchers of water and bags of ice to fill up the space.
* Take a page from yesteryear: Prior to the time of
widespread home air conditioning, people went to the
movies and kids ran through the sprinkler.
* Any time you are away, turn up the thermostat on the air
conditioner. According to the Edison Electric Institute,
a trade group, you save 1 to 2 percent on your electric bill
per degree setting.
ATTENTION
Online Bill Pay: Click, Don’t Lick
Even during these lazy days of summer, you can’t take a
vacation from your bills. But you can make paying bills a
much simpler chore when you sign up for Online Bill Pay
through the credit union’s Home South Banking. It’s easy
to get started with a credit union checking account. You
just have to enter the information about when and where
to send your payments and you can pay your bills with just
a few keystrokes. Just think: No more tracking down your
checkbook and a pen. No hunting around for the envelopes
and stamps. No more last minute trips to the post office.
Online Bill Pay is one of life’s greatest conveniences, so
what are you waiting for? You’ll save both time and money.
For more information or help in getting started, stop by the
credit union. You’ll be glad you did.
The supervisory committee is conducting a
members’ account verification. If your statement
is correct, no response is necessary. If you believe
an error has occurred, please contact, Kelly Woods,
Chairperson, Supervisory committee, P.O. Box
50201, Mobile, AL 36605.
**Do not send payments to this P.O. Box address. **
ICE Your Cell Phone
Add ICE (In Case of Emergency) to your cell phone’s
address book. ICE includes the phone number and name of
a key contact or next of kin. When you program ICE in your
cell phone under the phone’s address book, it lets medical
personnel know who to contact if you become incapacitated.
Also remember if you “lock” your phone, the medical personnel
will not be able to use it. Paramedics suggest using “ICE-Wife”
or “ICE-Dad” if more than one contact is to be designated.
8.9% An n ua l P ercentage R ate
No A n n ua l F ees
Pick up a USAFCU VISA credit card application at your
nearest branch and start enjoying your lower rate today!
Credit cards available to qualified borrowers;
all loans subject to existing credit policies.
Credit card rate quoted as Annual Percentage Rate.
The Last Word
The simplest toy is one which even the youngest child can
operate - it’s called a grandparent!