OUTH
E X C H A N G E
SPRING 2004 EDITION
CHILD SAFETY DAY
University of South Alabama
Federal Credit Union
103 Hillcrest Road
Mobile, AL 36608
Board of Directors:
President
Chuck Warnol
Vice President
Ben Tipton
Secretary
Gary Parham
Treasurer
Polly Stokley
Wayne Davis
Scherita Mixon
Steve Simmons
Management and Staff:
Manager
Betty Gorham
Assistant Manager
Felicia McKee
Bookkeeper
Ting Lowe
Loan Officers
Sandra Bolden
Cindy Montee
Head Teller
Stacy Barnhill
Teller: Doris Martin
Teller: Joan Sluder
Teller: Leigh McNider
Teller: Corlissa York
Teller: Cheryl Higgins
Phone: (251) 706-0255
Fax:
(251) 706-0299
Main (Campus) Lobby Hours:
Monday-Friday
8:00 a.m. - 5:00 p.m.
Drive-Up Hours:
Monday-Thursday
7:30 a.m. - 5:00 p.m.
Friday
7:30 a.m. - 5:30 p.m.
USAMC Branch Office Hours:
Monday, Wednesday, Friday
8:00 a.m. - 1:00 p.m.
1:30 p.m. - 4:00 p.m.
At the Credit Union
April 23, 2004
HOLIDAY CLOSINGS, 2004
Monday, May 31 - Memorial Day
Monday, July 5 - Independence Day
Monday, September 6 - Labor.Day
We Have “Egg-Stra” Special
Loan Rates
(Depending upon credit qualifications, your rate might
be as low as:)
New Autos & Boats
. . . . 36 months . . . . . . . .as low as 3.90% APR
. . . . 48 months . . . . . . . .as low as 4.30% APR
. . . . 60 months . . . . . . . .as low as 4.80% APR
. . . . 72 months . . . . . . . .as low as 5.30% APR
Used Autos & Boats
2001s through 2003s, $14,000 or more financed
...up to 60 months...as low as 4.80% APR
2001s through 2003s, less than $14,000 amount
financed...up to 48 months...as low as 4.80%
APR
Your USA Federal Credit Union, along with
Nationwide Insurance Company, is sponsoring
Child Safety Day on Friday, April 23, 2004 at the
credit union’s main branch office.
Bring the kids by between 3:00 and 4:00 p.m.
and let them meet “McGruff”, the crime dog, see
a real fire truck, and receive neat door prizes.
Parents will receive free child ID kits that
include an ID card, fingerprinting strip, and DNA
storage bag.
Kids get to register for a free bike and helmet
that will be given away on Friday afternoon.
We’ll also have refreshments on hand.
So, bring the whole family by for fun and
prizes.
PREVENT IDENTITY THEFT
Here are a few tactics to help you avoid identity theft:
●
Find the “prize egg” in our Easter basket, and you
could get a reduction in your qualified auto or boat
loan rate for the duration of your loan!
Offer ends April 30, 2004.
Used Autos & Boats
Older models as low as 5.75% and 6.05% APR
New Furniture & Appliances
. . . . up to 36 months . . . as low as 10.9% APR
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 . . . . 13.9% APR
Hop on over before April 30th!
●
●
●
●
Deposit outgoing mail at the post office and
promptly remove mail from your mailbox after
delivery—never leave mail in your mailbox
overnight or on weekends.
Shred or tear unwanted documents that contain
personal information before discarding them in the
trash.
Order and thoroughly review copies of your credit
report from at least one of the major credit
reporting agencies annually.
Never give personal identifying information over the
telephone or the Internet unless YOU initiated the
contract.
Don’t let anyone “shoulder surf ” you at ATMs. If
you sense
someone is
watching you,
cancel the
transaction
immediately
and leave.
STATEMENT OF FINANCIAL CONDITION
AS OF FEBRUARY 29, 2004
ASSETS:
Total Net Loans & VISAs
Net Investments
Fixed Assets
Land and Building
Other Assets
TOTAL ASSETS
$8,545,761.11
9,133,116.03
126,080.11
951,638.88
65,733.80
$18,822,329.93
LIABILITIES & EQUITY:
Liabilities (Payables)
Member Deposits:
Certificates of deposit
Share Drafts (Checking)
IRAs
Christmas Clubs
Regular Shares
Equity
Regular Reserves
Undivided Earnings
TOTAL LIABILITIES & EQUITY
$110,648.48
1,579,403.30
1,744,081.80
701,744.48
260,448.50
12,596,734.99
336,491.99
1,492,776.39
$18,822,329.93
Annual Meeting Update
Your 2004 USAFCU Board of Directors:
Chuck Warnol........................................President
Ben Tipton ....................................Vice President
Polly Stokley ..........................................Treasurer
Gary Parham .........................................Secretary
Scherita Mixon........................................Member
Wayne Davis ..........................................Member
Steve Simmons........................................Member
Refeathering
Your Nest?
WE CAN HELP.
Is this the year to take spring-cleaning one step further and tackle those
home improvement projects? Investing in updates allows you to enjoy
your home more now and may increase your home’s resale value in the
future. Replacing windows, doors, or central air with more energy
efficient versions can help you save on your utility bills as well. If you
have not priced construction costs recently, be prepared for sticker
shock. According to Remodeling magazine’s most recent Cost vs. Value
study, the national average cost for a major kitchen remodel is $43,213.
Adding a bath runs about $15,000. A two-story addition—a family room
plus a bedroom and bath—averages nearly $70,000.
You will likely get some of your investment back when you sell your
home, but the average payback varies. Adding a bath or the two-story
addition would allow you to recoup an average of 94 percent, while a
kitchen update pays back about 67 percent.
As you weigh your options, keep in mind that interest rates are great.
With a home equity loan from the credit union, you may be able to afford
more than you think. We have rates and terms that will help make your
dream a reality.
USAFCU offers home equity loans with the following outstanding
features for qualified homeowners on a loan of $10,000 or more, active
at least six months:
Up to 90% of Appraisal Value Less Mortgage Balance
• No Closing Cost
• 2.99% APR Introductory Rate for six months, then just Prime,
or Prime Plus 1% (for qualified borrowers)
• Convenient Minimum Monthly Payment Terms of $15 per $1,000
Loan Balance
• 5-Year Guaranteed Term, Additional Years with Credit Union
Approval
Less than perfect credit? No problem. We have alternative Home Equity
Loan programs that offer competitive rates and convenient terms.
Stop by or call us to get all the details.
KEEP US POSTED!
If you plan on moving or have recently
moved, please remember to notify the
credit union with your new address and
phone number.
24-Hour ATM
Cash when you need it: 24 hours a day, 7 days a week at our new
location at 103 Hillcrest Road. No ATM fees for USAFCU ATM
or VISA© debit cardholders.
If you don’t have a USAFCU ATM or VISA© debit card, stop by
our office and apply.
After-hour and weekend deposits can be made at
our convenient night depository located in the driveup at our new location at 103 Hillcrest Road.
Mother’s Day is Sunday, May 9.
Father’s Day is Sunday, June 20.