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
Treasurers
Ben Tipton
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
Joan Sluder
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.
“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 2012, depending upon your credit
qualifications, your rates might be:
As low as 1.99% APR for 36 months
As low as 2.19% APR for 48 months
As low as 2.39% APR for 60 months
As low as 2.99% APR for 72 months
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.
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.
Equal Opportunity Lender.
Equal Housing
LENDER
SPRING 2012 EDITION
√ FREE Online Bill Pay
√ FREE e-Statements
√ NO Monthly Service Charges
USAFCU checking account members have
FREE bill-pay services, FREE e-Statements, and
NO monthly service charge on checking!
Online bill-pay is a convenient way for
you to pay all your bills from one secure
website. Just imagine no more handwritten
checks, envelopes, or stamps. It’s as simple as
visiting our website, logging into your home
banking account, and paying your bills at your
convenience.
Go green with online e-Statements.
e-Statements are electronic versions of your
paper statements available through home
banking.
e-Statements are
• Private – You are the only one who can sign
on and view your statement; removes the
threat of them being lost or stolen.
• Informed – We e-mail you when your
statement is ready to view allowing quicker
access to account information; you can easily
view, print or save it.
• Save time – no waiting for the mail.
• Organized – You will be able to use home
banking to see your statements, all in one
place and easy to access for up to one year.
• Green – Help control the planet’s future by
reducing paper.
And, no monthly service fees! That’s right:
service-free checking, free bill-pay, and free
e-Statements are yours with a USAFCU
checking account. Stop by today and open a
USAFCU checking account. Visit our website at
www.usafedcu.com.
Holiday
Closings, 2012
Monday, May 28, 2012................................Memorial Day
Wednesday, July 4, 2012....................... Independence Day
Monday, September 3, 2012..............................Labor Day
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
STATEMENT OF FINANCIAL CONDITION
As of February 29, 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
7,845,918.60
22,361,508.53
97,556.41
747,028.32
274,069.25
$31,326,081.11
102,687.37
3,925,060.86
3,482,945.36
1,313,166.07
268,633.56
18,815,811.58
336,491.99
3,081,284.32
$31,326,081.11
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.
YOUR CREDIT UNION IS LOOKING FOR
FUTURE SUPER SAVERS!!
During the week of April 22-28 we will be
celebrating our YOUTH!
Teaching Your Kids How To Save
Teaching your kids how to save for the future is one of the most
valuable gifts you can give them. They’ll not only learn the
lessons regular discipline can provide, but also benefit from the
funds that accumulate. Here are the four M’s of getting your
kids into a habit they can live with:
1. Model the behavior. “Do as I say, not as I do” is almost always
an ineffective strategy. If you want your kids to learn to save,
you can’t spend every penny of your income every month. Save
something, even if it’s only your spare change.
2. Make it automatic. If you provide an allowance, specify that
some percentage of it must be deposited in the child’s share
savings account at the credit union.
3. Motivate with matching funds. Set up 40l (k) type fund.
Agree to match a portion of whatever your child is saving. For
example, if your children earn money for doing extra chores
around the house or get money as a gift, agree to match part or
the entire amount they put in savings instead of spending.
4. Make it a family affair. Decide on a goal. It can be big or
small: a vacation trip to Disney World or a new video game.
Make a pact that family members will save funds, according
to their abilities, until they have saved enough to reach the
goal. Make it more real by having the kids decorate a container
with pictures of the goal. Place money in the container daily
or weekly, and then bring it to the credit union as needed to
deposit in a special savings account. Periodically, show your kids
the account balance and talk about the progress being made
towards the goal.
Bring in your children to open a youth account with
any amount and let the savings begin.
Get Your FREE
Annual Credit Report
You are entitled to receive
one free credit report
every 12 months from
each of the nationwide
consumer credit reporting
companies (Equifax, Experian, and TransUnion). This
free credit report can be requested online at www.
annualcreditreport.com, by phone, or by mail. When
requesting your report through the Web site, you
receive a report immediately. It is so easy! Nowadays
credit reports are being used for everything from
setting insurance rates to evaluating job candidates.
So making sure your report is accurate could save
you some money. Get your free report today.
How to Tuck In Your Deposit
If a traffic jam, end-of-business-day phone call or last-minute rush
project ever keeps your schedule from matching the credit unions,
don’t despair. Our night depository is open for business, even if the
front door is locked and the staff has left for the day. You can use
the night depository to drop off a deposit or make a loan payment.
Endorse any checks as “for deposit only” and legibly write your
name and account number on the envelope provided. Then just
drop it in the night depository and be on your way, knowing that
it’s safe and secure. When the credit union opens the next business
day, your transaction will be completed. It’s as easy as that, but
don’t hesitate to call us if you have any questions or concerns.