OUTH
E X C H A N G E
University of South Alabama
Federal Credit Union
103 Hillcrest Road
Mobile, AL 36608
Board of Directors:
President
Chuck Warnol
Vice President
Ben Tipton
Secretary
Scherita Mixon
Treasurer
Polly Stokley
Wayne Davis
Pamela Henderson
John Smith
HOLIDAY
CLOSINGS, 2011
Thursday, January 17, 2011..........Martin Luther King, Jr.
Birthday
Tuesday, March 8, 2011 ..........................Mardi Gras Day
Monday, May 30, 2011 ..............................Memorial Day
Monday, July 4, 2011 ..........Independence Day Observed
Monday, September 5, 2011 ............................Labor Day
Thursday, November 24, 2011 ............Thanksgiving Day
Monday, December 26, 2011 ..................In observance of
Christmas Day
Management and Staff:
Manager
Betty Gorham
Assistant Manager
Felicia McKee
Bookkeeper
Ting Lowe
Loan Officer
Sandra Bolden
Marlo Martin
Head Teller
Stacy Barnhill
Tellers
Doris Martin
Joan Sluder
Stephanie Lowe
Kathleen Ellis
Brenda Walker
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
Phone: (251) 706-0255
Fax: (251) 706-0299
All loan rates quoted as Annual Percentage Rates and are
subject to change without notice.
Main (Campus) Lobby Hours:
Monday-Friday
8:00 a.m. til 5:00 p.m.
Drive-Up Hours:
Monday-Thursday
7:30 a.m. til 5:00 p.m.
Friday
7:30 a.m. til 5:30 p.m.
USAMC Branch Office Hours:
Monday, Wednesday, Friday
8:00 a.m. til 12:30 p.m. and
1:00 p.m. til 4:00 p.m.
WINTER 2010 EDITION
Current Loan Rates
New & Used Autos
…36 months… 4.49% APR
….48 months… 4.69% APR
….60 months.... 4.99% APR
….72 months… 5.69% APR (new only)
Equal Opportunity Lender.
EQUAL HOUSING
LENDER
PLEASE NOTIFY US
If you have any changes in your information, please
remember to notify us.
For your protection, please notify us immediately if
you are moving or have had a recent change of
address.
Please remember to also let us know if you have any
change in phone numbers or email addresses.
Come One, Come All:
It’s Annual Meeting Time
Calling all members: It’s annual meeting time and
your chance to be in the know. The 2011 Annual
meeting of the USA Federal Credit Union will be
held on Tuesday, March 15, 2011 at 5:30 p.m. in the
lobby of the credit union, 103 Hillcrest Road,
Mobile, AL 36608. You can review the credit union’s
progress and achievements over the past year and find
out what’s planned for the future success of the credit
union. Participating in the annual meeting is one of
the benefits of belonging to a local financial
cooperative. After all, only stockholders can have their
say at the annual meeting of a bank or brokerage
firm. At the credit union, as a member, you’re an
owner and by attending the annual meeting, you can
exercise your ownership rights. So be sure to make
plans to attend.
Nomination Procedures
for the 2011 Annual Meeting,
March 15, 2011
The Nominating Committee for the 2011 Credit
Union Annual Meeting was appointed in November
2010. The Committee filed its nominations with the
secretary of the credit union on December 16, 2010.
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.
Get yours FREE!
Check your credit report annually at:
www.annualcreditreport.com
STATEMENT OF FINANCIAL CONDITION
As of November 30, 2010
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
9,910,704.73
17,248,079.92
69,633.70
778,998.72
199,601.48
$28,207,018.55
89,012.26
4,973,218.13
2,470,827.35
1,363,449.67
91,679.72
15,998,309.27
336,491.99
2,884,030.16
$28,207,018.55
TAX TIME: FREE FILE
Free file is fast and easy. It offers free federal income tax
preparation and electronic filing for eligible taxpayers to prepare
and file their federal income taxes online. Go to
http://www.irs.gov/efile and click on Free File under e-file Topics.
If your adjusted gross income in too high to file free than there is
a link to Free File Fillable Forms. This link has tax forms that you
can fill out without using tax software.
Ting Lowe retired after 12 years
with the Credit Union.
January 17, 2011
Each year on the third Monday of January schools, federal offices, post
offices, banks, and credit unions across America close as we celebrate the
birth, the life and the dream of Dr. Martin Luther King, Jr.
It is a time for the nation to remember the injustices that Dr. King fought.
A time to remember his fight for the freedom, equality, and dignity of all
races and peoples. A time to remember the message of change through
nonviolence.
√ FREE 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 email 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 billpay, 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.
We wish her all the best in her retirement.
We’ll miss you, Ting!
BE PREPARED NEXT YEAR
Start your 2011 Christmas
savings today!
CREDIT UNION
SERVICE CENTERS
The Member-Friendly Financial Network