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
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
Phone: (251) 706-0255
Fax: (251) 706-0299
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.
HOLIDAY
CLOSINGS, 2010
Thursday, November 25, 2010 ............Thanksgiving Day
Friday, December 24, 2010 ..................Close at 1:00 p.m.
Christmas Eve
Friday, December 31, 2010 ..................Close at 1:00 p.m.
New Year’s Eve
FALL 2010 EDITION
Make The Season Brighter
With A Holiday Loan
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 for the credit union, you can set a
budget and stick to it.
Current Loan Rates
(Depending upon credit qualifications,
your rate might be as low as):
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)
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.
Loans available to qualified borrowers
and are subject to existing credit policies.
Equal Opportunity Lender.
EQUAL HOUSING
LENDER
Congratulations!
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.
Thanks to all of our members who entered our
Summer Getaway-Giveaway drawing!
The six lucky winners received either an ice
cream maker, a cooler, a grill, beach mats, a
beach bag, or patio chairs.
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, then with a holiday loan for the credit union,
you can pay cash for these items. This has two benefits:
1. Money experts note that when you pay cash, you
are much less likely to overspend than when you
use a credit card.
2. 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, 2010! 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!
Thank You Veterans!
According to the U.S. Department of Veterans Affairs,
November 11, Veterans Day, is a celebration to honor
America’s veterans for their patriotism, love of country, and
willingness to serve and sacrifice for the common good. But
while November 11 is a special day set aside to recognize
our veterans, we really should be thanking them every day.
If you are a veteran, please accept our deepest appreciation
for all you have done to preserve our freedom and our way
of life. Without you, it’s quite likely our everyday lives
would be very different, Freedom is never free, and we are
grateful for your having paid the price for us. Thank you for
your contributions. Whether you have served in peacetime
or wartime, you have made a difference in the lives of many.
STATEMENT OF FINANCIAL CONDITION
As of August 31, 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
11,329,385.76
15,995,363.88
75,431.53
785,392.80
128,331.81
$28,313,905.78
675,239.54
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.
5,000,052.03
2,604,146.58
1,356,883.36
538,926.47
14,974,412.49
336,491.99
2,827,753.32
$28,313,905.78
Important Message About
Christmas Clubs
VEHICLE LOANS
Great Rates-Great Terms-USAFCU
e-Services: It’s Easy To Be Green
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.
Kermit the Frog lamented that it wasn’t easy being green.
But for you, and your fellow credit union members, it is.
When you sign up for e-services, it’s not only easy to help
the environment, but you will also be helping yourself and
the credit union. Here’s how: When you go online to make a
payment or to transfer funds, you save a trip to the credit
union and the emissions that go along with it. Online
services are available anytime, day or night, too, putting the
credit union at your fingertips on your schedule, not ours.
With e-Statements, you will receive an email alerting you
that your statement is ready. Although you can print it out,
there’s no need to. You can view it online and then save it to
your desktop or a storage device, like a thumb drive. That
saves paper and postage. And because your credit union is a
non-profit financial cooperative, any savings are returned to
you in the form of lower rates on loans, higher rates on
savings, or better services. Plus, less paper means less clutter.
To find out how to put e-Services to work for you and the
environment, contact the credit union.
Thank You to our
Volunteer Board Members
We appreciate you.
CREDIT UNION
SERVICE CENTERS
The Member-Friendly Financial Network