Annual Membership Meeting
Our Annual Membership Meeting was held on February 20 in the PNI Conference Room located on the first floor. Although there was some light snow, we still had almost 100 members attend.
The agenda included reports by the General Manager, Treasurer, and the Chairpersons of the Credit and Supervisory Committees. Members were given the opportunity to discuss new business and ask questions regarding the operation of their Credit Union. As has been our custom, cash prizes were awarded to both those attending the meeting and also to the full membership. Everyone who attended also received a free gift.
Laney Volpe accepts her winning check from
Gen. Mgr. Maryanne Klein at this year's Annual Mtg
Directors elected for three years were: Earl Laney, Chris White and Bud Seixas. Following the meeting, the Board of Directors met and elected the following officers for 2008: Jim Kilrain, Chairman of the Board; Franni Lewis, Vice-Chairperson; Jerry Etter, Secretary; and Earl Laney, Treasurer.
We hope to see you at next year's meeting which will be held on February 18, 2009.
Improve Your Credit Score
Follow these three easy steps, and you’ll boost your credit score in no time!
Pay Bills On Time
Late payments pull down your credit score, plus paying all those late fees can add up. Save money and help pull up your credit score all at the same time.
Pay the Maxed-Out Cards First
Points are deducted if you use more than 50% of your card’s limit. Pay your maxed-out credit cards, and your credit score will improve.
Don’t Cancel Any Credit Cards
Most of your credit score is based on how much credit you have but aren’t using. When you cancel a card, it will decrease the amount of your available credit. If you are drowning in credit card or any kind of debt, give the Credit Union a call. We are your financial partner and want to help members keep their feet on the ground.
Electronic Loans make purchasing easy!
Do you plan to purchase a PLASMA TV, LAP TOP COMPUTER,
BLACKBERRY, SATELLITE RADIO, IPOD or any other of the new electronic items now available? If so, stop by your credit union to apply for our new “Electronic Loan.” We are offering a special
low rate with up to 3 years to pay. For example, you can get $5,000 for only $37.07 a week. Call us for further information
and details.
*APR= Annual Percentage Rate. Some restrictions may apply. Stop by the branch for details.
Increased Insurance Coverage for Credit Union Members
The National Credit Union Administration has increased the insurance coverage on retirement accounts (Roth IRAs, Traditional IRAs, and KEOGH) from $100,000 to $250,000. Effective April 1st, this change makes it easier for people to keep more money at one financial institution while maintaining full coverage.
This retirement account insurance coverage is separate from insurance coverage on other accounts. For example, you may have $35,000 in a share draft account under your name, $55,000 in a share draft account with your spouse, and $100,000 in an account for a business that you own. Even though the total exceeds $100,000 you are totally covered since each type of account is in a different ownership category. In addition, your retirement accounts are protected up to the $250,000 limit and are separately insured from your other accounts.
NCUA would cover your share accounts dollar for dollar up to the insurance limit if your credit union were to fail. Your money is fully insured also if you or your family has less than $100,000 or less in your accounts at the same insured credit union. Mutual funds, stocks, bonds, life insurance policies, and annuities are NOT covered.
In the future, these insurance coverage limits could rise, but it will not occur before 2011 if at all. For more information, visit the NCUA website at http://www.ncua.gov/ShareInsurance/
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