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
Anita Stevenson
Bookkeeper
Barbara Roy
Loan Officers
Sandra Bolden
Kristin Blackerby
Compliance Specialist
Stacy Barnhill
Head Teller
Stephanie Lowe
Tellers
Doris Martin
Brenda Walker
Kathleen Ellis
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.
SPRING 2013 EDITION
“Egg-Stra Special Loan
Rates are Back!”
No need to “hunt” for the best new or used automobile
loan rates. They’re right here at your credit union!
During our “Egg-Stra Special Rates Days”, your credit
union is financing new and used autos to give you lower
payments and less cost. We’ll even pay off your elsewhere-financed new or used auto with a bank, finance
company, or dealership. From now until the end of
April 2013, depending upon your credit qualifications,
your rates might be:
As low as 1.19% APR for 36 months
As low as 1.39% APR for 48 months
As low as 1.69% APR for 60 months
As low as 2.29% APR for 72 months
Mechanical Breakdown
Protection
Your vehicle is a major investment. Protect it by purchasing mechanical
breakdown protection through your
credit union. Our low-cost plans offer
nationwide protection, wear and tear
coverage, towing, rental, tire protection,
and roadside assistance. You select the
coverage and the time/mileage term that
is best suited for your driving habits and
intended length of ownership. Vehicle
financing at the credit union is not
required. Contact a credit union loan
officer for details.
A Special Thanks
Find the “prize egg” in our Easter basket and you
could get a reduction in your qualified loan rate
for the duration of your loan!
Existing loans at University of South Alabama Federal
Credit Union are not eligible for this offer. Loans available to qualified borrowers and are subject to existing
credit policies.
Ot her Loa n R ates
Unsecured Loans
..up to 36 months…as low as 10.9% APR
Get-Away Loans
..up to 48 months…as low as 7.90% 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.
Equal Opportunity Lender.
Equal Housing
LENDER
Thanks to our members for attending
the 2013 credit union annual meeting.
Congratulations to the lucky prize
winners. We sincerely appreciate
your membership.
-USAFCU Staff
Holiday
Closings, 2013
Monday, May 27, 2013............................ Memorial Day
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
Wednesday, January 1, 2014...................New Year’s Day
STATEMENT OF FINANCIAL CONDITION
As of February 28, 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
7,981,031.43
24,430,752.72
69,995.61
721,452.00
218,881.93
$33,422,113.69
37,492.16
3,410,469.79
3,919,915.80
3,919,915.80
235,356.08
20,923,018.72
336,491.99
3,149,501.03
$33,422,113.69
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!
“Savings Sleuth--Solve the Mystery.”
Let your Credit unions help you’re youth solve the mystery of
how to save money for meaningful purchases.
During the week of April 22-26 we will be celebrating our
YOUTH! The goal of Youth Week is to start children on the
path to lifelong credit union membership by educating them
about their money.
Let’s teach our youth to save!!
The latest “IT” electronic toy hits the market. What happens at your house?
Option A: Your kids beg and plead and cry until you pull out the plastic to
buy it for them; or
Option B: You’ve helped them anticipate they would want it and helped
them save for it so they can pay for all or part of it on their own.
While Option A may be the case at the majority of households, Option B
has longer lasting effects. Teaching your kids how to save for the future is
a skill that will benefit them throughout their lives. Here are some tips to
help you get started:
1. If you provide an allowance, have your kids divide it each week into
three boxes or jars: money to spend, to save and to share. Help younger
kids decorate the containers. Encourage them to divide up any money
they receive as a gift or earn for doing extra chores in the same manner.
When the saving jar is nearly full, have your child bring the money to the
credit union to deposit into their savings account.
2. Show your kids how to set savings goals and stick to them. Help them
with the math, if necessary, and have them glue pictures of the things
they want to a special savings jar.
3. Help kids learn about saving money by comparison shopping and
cutting their expenses. For example, talk about whether all the money
they are spending on snacks from vending machines might be better
saved and spent on something like a new hand-held game or a bike.
4. Consider a match program -. Agree to match some percentage of the
amount children save in their share savings account at the credit union.
For example, every time they save $5, you could match it dollar-for-dollar
or at 50, 25, or 10 percent.
Credit cards available to qualified borrowers;
all loans subject to existing credit policies.
Credit card rate quoted as Annual
Keep Us Up-To-Date
Rebuilding Your Credit History
1. Always pay your bills on time. Delinquent payments and
collections have a negative impact on your credit score.
2. Keep balances low on your credit cards and other revolving
credit. High balances lower your score.
3. Only apply for, and open, new credit accounts as needed.
Opening a new account just to have a better credit mix won’t
increase your score.
4. Pay off your debt instead of moving it around. Owing the same
amount, but having fewer open accounts, may lower your score.
Remember, you can’t rebuild your credit score; you rebuild your
credit history. Time is your ally in improving your credit. There is no
“quick fix” for a bad credit score, so be aware of suspicious deals
that offer you a fast and easy solution.
Have you moved, changed your mailing address, e-mail address, or your
telephone number in the past year? Do you have a name change? If so,
please let us know. It is important that the credit union has your current
information on file. We want to make sure all communication and important
notices from the credit union reach you on time. If you have a name
change, you will need to come by the credit union to update your signature
card. And, for your security, change of address requests must be made in
writing and on the proper forms. Please contact your credit union for more
information. And don’t forget, if you move out of state, you can continue
being a member of the credit union: Once a member, always a member.
The Last Word
There is no greater joy or greater reward than to make a
fundamental difference in someone’s life.