July 2008

The Board of Directors recently declared a dividend of 2.50%  (2.52APY - Annual Percentage Yield) on all savings for the first six months of 2008.

There are many advantages to save and borrow at your credit union. Low rates on loans, fair dividends on savings and payroll deductions are convenient for you the member.

Life insurance paid by the credit union is carried on all members for both savings and loans.

When applying for a loan, you may request disability insurance at a cost to you. A credit check is done on all persons applying for a loan. From information gathered from the applicant and the credit check, the Credit Committee will calculate the debt ratio. This ratio must be 45% or less on all obligations with no past due accounts. Loans will not be granted if the debt ratio exceeds 45% and if there are excessive past due accounts.

Please make sure that the beneficiary you designated for insurance purpose is correct. If you would like to make a change or check the designation, please contact the credit union office at 368-8729.

For a limited time, new vehicle loans are offered at 4.0% Annual Percentage Rate. Used vehicles 2007,2006, 2005, 2004 are offered at 6.0% Annual Percentage Rate. Used vehicles 2003, 2002, 2001, 2000, 1999, 1998 are offered at 8.0% Annual Percentage Rate. 1997 and older at 10.0% Annual Percentage Rate.

The credit union belongs to you the member. Use it for all your financial needs. It is operated by the Board of Directors under Federal regulations. The Credit Committee is responsible to approve or reject loans under these regulations. The Supervisory Committee supervises and audits the affairs and records of the credit union.

Board of Directors