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E X C H A N G E
FALL 2012 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
Kathleen Ellis
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.
Available at the Credit Union
Time to Celebrate
Make the Season Brighter
With A Holiday Loan
International Credit Union Day
It’s a simple, but profound message: Members
Matter Most.
It’s the key concept behind credit unions and the
theme for this year’s International Credit Union Day,
October 18. Observed the third Thursday of October
each year, ICU Day is a day set aside to reflect on
credit union values and principles: Why we do what
we do, and how we do it. This is also the United
Nations’ International Year of Cooperatives, a yearlong
celebration promoting the many ways credit unions
and other cooperatives worldwide are helping people
help themselves.
As a not-for-profit financial cooperative, your
credit union is in business for only one reason: to
provide you, our member-owner, with financial
services to help you improve the quality of your life.
Members Matter Most - three words that speak to
the heart of credit union philosophy. So join us in
celebrating ICU Day. You are our number one priority.
Stop by the credit union to learn more about how you
can get the most out of your membership.
Cu rrent Loa n R ates
Santa’s making his list and checking it twice, and so
are you. But while it appears Santa has unlimited funds to
finance his holiday cheer, you may not. That’s where we
can help. With a holiday loan from the credit union, you
can set a budget and stick to it.
Here’s how: Determine how much to spend on gifts,
cards, postage and shipping, food, entertainment, and
decorations. It may help to review what you spent last year
and plan accordingly, and then with a holiday loan from
the credit union, you can pay cash for these items. This has
two benefits:
•
•
Money experts note that when you pay cash, you are much less likely to overspend than when you use a
credit card.
Your “ho-ho-hos” won’t turn into “oh no’s” when the
credit card bills arrive in January.
With fair rates and terms, a holiday loan will help you
stay on budget and on track financially.
USAFCU‘s holiday loans are just right for you.
$1200.00 for 12 months for as low as 7.9% APR is waiting
for you through December 31, 2012! Happier Holidays
start at the credit union. Call us at 251-706-0255 or stop
by the credit union today and ask for a holiday loan officer!
(Depending upon credit qualifications,
your rate might be as low as):
New & Used Autos
…36 months… 2.49% APR
….48 months… 2.69% APR
….60 months.... 2.99% APR
….72 months… 3.59% APR (new only)
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
All loan rates quoted as Annual Percentage Rates
and are subject to change without notice.
Holiday
Closings, 2012
Thursday, November 22, 2012................ Thanksgiving Day
Monday, December 24, 2012......................... Close at 1:00
Tuesday, December 25, 2012...................... Christmas Day
Monday, December 31, 2012......................... Close at 1:00
Tuesday, January 1, 2013............................ New Year’s Day
Loans available to qualified borrowers and
are subject to existing credit policies.
Equal Opportunity Lender.
Equal Housing
LENDER
STATEMENT OF FINANCIAL CONDITION
As of August 31, 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
8,216,602.81
24,599,689.35
83,180.73
734,240.16
278,990.47
$33,912,703.52
156,784.48
3,596,557.22
4,943,876.82
1,367,375.65
583,802.88
18,941,519.92
336,491.99
3,090,248.24
$33,912,703.52
Important
Message
About
Christmas
Clubs
Christmas Club balances will be automatically deposited
into either your credit union share account or into your
credit union checking account on the night of November 1.
VISA Gift Cards
Are Here!
VISA gift cards are perfect
for any occasion--smart,
thoughtful and always well
received. Stop by the main
branch and check out the variety of gift cards we have. We offer
Christmas, “For You”, and All Occasion cards.
Our low fee of $3.50 per card makes them affordable
and convenient.
Laughing stirs up the blood, expands the chest,
electrifies the nerves, clears away the cobwebs
from the brain, and gives the whole system a
cleansing rehabilitation.
8.9% Annual
Percentage Rate
No Annual Fees
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.
We would like to take
a moment to express
our deepest gratitude
to those brave men and
women, our veterans,
who have sacrificed
and given so much in
the name of freedom.
Veterans Day, November 11 of each year, is the day we officially
honor all American veterans, living and dead, of wartime and
peacetime. It is a day dedicated to thanking living veterans
for their commitment and service to our country. Originally
observed as Armistice Day, a day to honor all veterans of WWI,
Veterans Day was deemed an official legal holiday on June 1,
1954. The day is traditionally commemorated with a wreathlaying ceremony at the Arlington National Cemetery and events
throughout the U.S. As of 2001, the week of November 11-17
was named National Veterans Awareness Week.
It is so important during this designated time (and every day)
to stop, think about, appreciate, and thank those dedicated
individuals who have given so much for America, its people, and
our way of life. We salute you!
Even though more and more of
the documents in life can be dealt
with electronically, there is still a
large amount of legal and financial
paperwork requiring paper as well
as a signature. Sometimes, you even
need a notarized signature. Signing your name in the presence
of a notary signifies that you are doing so without undue
influence; no one is forcing you to sign. You are also declaring
you are signing the document for the intentions outlined in it
and that you swear or affirm the document contains the truth.
If you need notary services, call on the credit union. We have a
notary on staff who is available to help you. It’s just one more
benefit of belonging to the credit union.