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
Teller Supervisor
Stephanie Lowe
Tellers
Doris Martin
Kathleen Ellis
Brenda Walker
Angela Garrick
Phone: (251) 706-0255
Fax:
(251) 706-0299
WINTER 2012 EDITION
Holiday
Closings, 2013
Tuesday, January 1, 2013.........................New Year’s Day
Monday, January 21, 2013......... Martin Luther King, Jr.
Birthday
Tuesday, February 12, 2013................... Mardi Gras Day
Monday, May 27, 2013............................ Memorial Day
Thursday, July 4, 2013........................Independence Day
Monday, September 2, 2013.......................... Labor Day
Thursday, November 28, 2013.............Thanksgiving Day
Wednesday, December 25, 2013............. Christmas Day
C u rrent Loan R ates
(Depending upon credit qualifications,
your rate might be as low as):
New Auto Rates
…36 months… 1.49% APR
….48 months… 1.69% APR
….60 months.... 1.99% APR
….72 months… 2.59% APR
Other Loan Rates
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
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.
All loan rates quoted as Annual Percentage Rates
and are subject to change without notice.
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.
Equal Opportunity Lender.
Loans available to qualified borrowers and
are subject to existing credit policies.
Equal Housing
LENDER
PLEASE NOTIFY US
If you have any changes in your information, please remember to
notify us.
3 For your protection, please notify us immediately if you
are moving or have had a recent change of address.
3 Please remember to also let us know if you have any
change in phone numbers or email addresses.
Save the Date: March 19, 2013
Note the change:
This year the credit union annual meeting
will be held at the USA Faculty Club off
Cleverdon Pkwy on campus.
The entire credit union benefits when members
participate, which is why we’re inviting each and
every member to attend this year’s annual meeting.
The annual meeting provides an opportunity for
credit union management and elected officials
to share information and updates with you, the
owners. You will learn about the credit union’s
current financial status, products and services,
accomplishments and innovations over the past
year as well as goals for the future. You will be able
to ask questions, meet fellow members, coworkers,
incoming credit union officers, and learn about
what makes your credit union truly special. Take
advantage of this opportunity to find out what is
going on at your credit union by attending the 2013
annual meeting. Mark your calendars today. We
hope you are able to attend the Annual Meeting and
Election, and look forward to seeing you!
Nomination Procedures for the
2013 Annual Meeting,
March 20, 2013
The Nominating Committee for the 2013 Credit
Union Annual Meeting was appointed in October
2012. The Committee filed its nominations with the
secretary of the credit union on December 18, 2012.
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 November 30, 2012
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
7,603,395.35
22,801,894.27
76,588.17
727,846.08
928,076.07
$32,137,799.94
115,356.57
3,558,868.90
3,575,294.45
1,483,783.54
89,536.45
19,834,276.68
Peace of Mind
With our Courtesy Pay Program
It happens to the best of us. We unintentionally write a check for
more money than we have in our checking account, forget to record
an ATM withdrawal, forget to note a debit transaction, or forget
to note an automatic bill pay deduction. Whatever the reason,
a check returned for insufficient funds (NSF) is both costly and
embarrassing.
Your credit union offers a Courtesy Pay Program that is not a line
of credit. However, if you inadvertently overdraw your checking
account, the credit union will have the discretion to pay the
overdraft, subject to the limit of the courtesy pay program and the
amount of the courtesy pay fees.
If you are not on the courtesy pay program yet, call our member
service representatives to ask how to qualify.
336,491.99
3,144,191.36
$32,137,799.94
We Have the Key to Your New Ride
If you are in need of the credit union, but are not in the
area… check out either a Credit Union Service Center or
look for a CO-OP ATM. With over 28,000 ATMS in the
United States and Canada, and 4,400 CU Service Centers in
the USA and seven other countries, your money is readily
accessible to you without any FEES!
You can download “CO-OP Financial Services-Find
Branch” or “CO-OP Financial Services-ATM Locator”
to your smart phone or your computer and find either a
credit union or an ATM you can use with no FEES! To use
a Service Center, all you need is your account number, a
current government issued id and to know that the credit
union is listed as “Univ of South Alabama FCU.” You can
make deposits, withdrawals or make loan payments at a
service center.
To use a CO-OP ATM, just locate an ATM in your area
on your phone or computer!!! Make sure you have you’re
USAFCU ATM/debit card and know your PIN. That’s all
you need, simple as that, 24 hour access to your funds, FEE
FREE!!
Whether you are just starting to browse auto dealer sites
and the classifieds or are out there kicking the tires, we
have the key to your new ride. When you come to the credit
union to get your pre-approved vehicle loan, you eliminate
one of the uncertainties of the buying process. You’re free
to shop around as though you were a cash buyer. You’re not
limited to any certain make or model that’s eligible for the
dealer’s “special” financing. Often these are the vehicles that
are not selling well, and while one of them may be what
you are looking for in an auto, why limit your options? It’s
best to keep how you will pay for any vehicle you’re interested in under your hat, however. Financing is a profit center
for dealers and if you indicate you have already taken care
of your loan, the dealer may try to make up any lost income
somewhere else in the negotiation. Our vehicle loan rates
are great, so whether you’re shopping for a new car, or one
that’s new to you, see the credit union first.