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.
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.
SPRING 2010 EDITION
Sprucing up this Spring?
See us for a home equity loan!
HOLIDAY
CLOSINGS, 2010
Monday, May 31, 2010 ..............................Memorial Day
Monday, July 5, 2010 ..........................Independence Day
Monday, September 6, 2010 ............................Labor Day
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
We have “Egg-Stra Special
Loan Rates!”
No need to “hunt” for the best new or used automobile loan
rates. They’re right here at your credit union! During our “EggStra 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 2010, depending upon your credit qualifications, your
rates might be:
As low as 4.00% APR for 36 months
As low as 4.20% APR for 48 months
As low as 4.50% APR for 60 months
As low as 5.20% 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
Making home improvements will enhance the quality of your
life…from a bathroom remodel to replacing a leaky roof. Or, if
you love your house and your neighborhood, but a growing
family is causing
overcrowding, adding space
may be a more cost effective
solution than a move.
Evaluate your home
improvement needs and if
it’s time to feather your nest,
see the credit union about a
home equity loan. We have
rates and terms that can fit
most budgets. Call us today
at 251-706-0255.
50 Years of Service, Strength,
and Smiles!
April 1 marks the 50th anniversary of the credit union. The
credit union was chartered on April 1, 1960 as Mobile General
Federal Credit Union. After ownership of Mobile General
Hospital was transferred to the
University of South Alabama in
1970, the Credit Union
eventually changed its name to
University of South Alabama
Federal Credit Union. Today,
the Credit Union serves over
8,900 members. USA Federal
Credit union is a memberowned, not-for-profit institution
serving employees, students, and
retirees of the University of
South Alabama, employees of
Mentor Graphics, Strand
Associates, CSI Technology
Outfitters, and S A Group LLC.
Immediate family members of
these groups are also eligible.
Planning to move
or have a name change?
...8.9% APR/No Annual Fee
All loan rates quoted as Annual Percentage Rates and are
subject to change without notice.
EQUAL HOUSING
LENDER
If you are planning on moving, remember to add the credit
union to your moving checklist. Let us know as soon as
possible your new address and phone number.
If you have a name change you will need to come by the credit
union to show your new ID (state drivers’ license, marriage
certificate, etc.) and update your signature card.
STATEMENT OF FINANCIAL CONDITION
As of February 28, 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
11,239,902.33
16,213,447.04
81,195.72
798,180.96
124,692.00
$28,457,418.05
81,778.12
5,951,953.67
2,924,238.35
1,305,747.87
256,561.34
14,920,538.46
336,491.99
2,680,108.25
$28,457,418.05
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FREE Online Bill Pay
FREE e-Statements
NO Monthly Service Charge
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.
Our Debit Cards have a New Look
Using the USAFCU VISA Debit
Card is simple. USAFCU
checking account members can
make purchases at any merchant
that accepts VISA. Your
purchases are deducted
electronically from your
USAFCU checking account.
Checking members can also use
our Debit Cards at ATMs on the PULSE and CIRRUS networks. A
personal identification number (PIN) is required.
Savings-only members are limited to ATM withdrawals on the PULSE
and CIRRUS networks. A PIN is required.
For more information about our VISA Debit Card, call us at
251-706-0255.
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.
Stay safe at ATMS
Using an automated teller machine (ATM) to get some quick cash or to
make a deposit has become such a routine part of our lives that it’s easy to
forget to exercise caution. Keep these safety tips in mind:
* Memorize your Personal Identification Number (PIN). Never write it on
your card. If you write it down and keep it in your wallet, disguise it as
part of an address or telephone number (for example, “Jane Smith’s cell
456-9876” where 9876 is your PIN number.)
*Stay alert. Be aware of someone lurking nearby who may be after your cash
or anyone who is “shoulder-surfing”—criminals who are looking over your
shoulder to obtain personal information.
*Complete your transaction promptly. Don’t fumble with your wallet
or purse.
*If you use an ATM at night, choose one that is well lit and free of
shrubbery.
*Keep your receipt until you have reviewed your monthly statement.
Get yours FREE!
Check your credit report annually at:
www.annualcreditreport.com
Clean up those dormant accounts
Spring is the time for the annual ritual of housecleaning for many people. Also,
make it the time of year to clean out those old, dormant accounts you may have
at the credit union. Take a few moments to go through your accounts to see if
you have any that have become inactive. If so, please contact the credit union
about reactivating the accounts.
CREDIT UNION
SERVICE CENTERS
The Member-Friendly Financial Network