OUTH
E X C H A N G E
ENTERPRISE/CREDIT UNION
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
Steve Simmons
Management and Staff:
Manager
Betty Gorham
Assistant Manager
Felicia McKee
Bookkeeper
Ting Lowe
Loan Officers
Sandra Bolden
Jenifer Stringer
Loan Processor
Shirley Wesson
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.
SUMMER 2008 EDITION
CAR SALE
HOLIDAY
CLOSINGS, 2008
Friday, July 4 ................................Independence Day
Monday, September 1 ..............................Labor Day
Thursday, November 27 ..............Thanksgiving Day
Wednesday, December 24 ................ Christmas Eve
CLOSE at 1:00 p.m.
Thursday, December 25 ....................Christmas Day
September 4 & 5, 2008, 8:00 – 5:00
September 25 & 26, 2008, 8:00 – 5:00
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No-Haggle Pricing
Certified Vehicles
Trade-Ins
7-Day Repurchase Agreement
12/12 Limited Powertrain Warranty
Enterprise Roadside Assistance
See current inventory at www.cuautodeals.com.
MARK YOUR CALENDAR for these important dates.
CURRENT LOAN RATES
(Depending upon credit qualifications,
your rate might be as low as):
New & Used Autos
. . . . 36 months
. . . . 48 months
. . . . 60 months
. . . . 72 months
. . . . . . . . . . . . . . . . . . .4.75% APR
. . . . . . . . . . . . . . . . . . .4.95% APR
. . . . . . . . . . . . . . . . . . .5.25% APR
. . . . . . . . . . . . . . . . . . .5.99% APR
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 HOUSING
LENDER
Equal Opportunity 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.
Hybrids are HOT and
So Are Our RATES!
With gas prices climbing steadily higher, more
consumers are checking out hybrids. The Toyota
Prius is the number one selling brand according
to www.hybridcars.com, but as carmakers jump
on the hybrid bandwagon, drivers have more
options. Although hybrids offer excellent fuel
economy, be prepared for sticker shock. And
because demand is high, it may be difficult to
negotiate the price. That makes getting preapproved for a loan at the credit union more
important than ever.
With your financing taken care of, you’ll be
able to focus on getting the best deal possible.
Our rates are great, so this may well be the perfect
time to say farewell to your gas guzzler and hello
to the eco-friendly way to get around.
Call or stop by the
credit union to find out
how a pre-approved
vehicle loan can help
you go green.
STATEMENT OF FINANCIAL CONDITION
AS OF MAY 31, 2008
ASSETS:
Total Net Loans & VISAs
Net Investments
Fixed Assets
Land and Building
Other Assets
TOTAL ASSETS
$14,445,017.30
9,731,216.02
108,680.34
842,939.52
98,633.11
$25,226,486.29
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
624,430.08
5,091,804.00
2,879,654.01
890,576.62
463,588.17
12,275,633.00
336,491.99
2,664,308.42
$25,226,486.29
THE ADVANTAGES OF
“SIGNATURE-BASED” DEBIT CARD
PURCHASES
When you make a purchase with your USAFCU VISA® Debit Card, the merchant
usually asks you "debit or credit?" When you say "credit," you will typically be given a
receipt to sign. Or you may be using your Debit Card at a pay-at-the-pump gas station
where you can select "credit" as the payment option. In both cases, your purchase will
be processed as a signature-based transaction.
PLEASE NOTE: When you say "credit" to a merchant and the amount of your
purchase is less than $50, you may not be required to sign the receipt.
There are three good reasons for making signature-based/credit
purchases with your VISA Debit Card:
SMART REASONS TO TAKE
OUT A HOME EQUITY LOAN
For those who treated their home as if it were
an ATM, the housing slump may be causing some
financial difficulty. But a home equity loan is still
a shrewd way to borrow. The key, as always, is the
wise use of credit. Here are three smart reasons to consider a
home equity loan:
For renovations, repairs, or upgrades to your home.
Making your home more energy efficient by replacing
windows or adding insulation, for example, can save
you money as well as help save Mother Earth.
For debt consolidation. While a home equity loan
isn’t a free pass to turn short-term debt you’ve
accumulated on credit cards into long-term debt, it is a
way to get back on track. Make a plan and stick to it.
For tax savings. A home equity loan can be a taxadvantaged way to borrow. So if you need new wheels,
financing a vehicle with a home equity loan rather than
a traditional car loan may save you tax dollars.
The loan process is very simple. Depending on the amount
of the loan and the amount of equity in your home, the loan
can be available in a few days. Stop by our main branch today
to see if you qualify for a home equity loan.
***PLEASE NOTE***
Per Board of Directors Policy Effective July 1, 2006, members with
less than the credit union’s required minimum share balance of $25.00
will be charged a fee of $24.99. Please check your statement to make
sure you have the minimum $25.00 balance in shares.
1. You help prevent your PIN number (typically used for ATM cash withdrawals) from
being stolen by an unauthorized user.
2. Your purchase will be identified by the name of the merchant as well as the city and
state on .your transaction records (online banking and mailed statements).
3. You will be protected by VISA’s Zero Liability Policy if your card is used
fraudulently.
TRAVEL THE
SMART WAY
The really happy person is one who
can enjoy the scenery when on a
detour.
CREDIT UNION
SERVICE CENTERS
The Member-Friendly Financial Network
Summertime is travel time for many of our
credit union members, and the smart way to carry
cash is with travelers checks. Travelers checks
are secure, accepted most everywhere, and easily
replaced if lost or stolen. With travelers checks,
you carry the money you want without the worry.
They are available in a variety of denominations,
and the cost is very reasonable. Stop by the credit
union before your trip and let us set you up with
travelers checks.