review - SIU Credit Union

CU
W
E
I
V
E
R
|
Volume 23
Page 1
Useful Apps for Your Mobile Device
Page 2
•
•
•
•
Need to Know - Annual Meeting
Important Notices to Members
Four Things To Do in January
2014 Scholarship Application
Page 3
•
Schedule of Fees and Charges
Page 4
•
•
SIU CU Investment Services
Branch Locations
Mark Your Calendar
Jan 1 - New Year’s - CLOSED
Jan 9 - Sam’s Club Membership Drive @ Marion Branch
Jan 20 - MLK, Jr. Day - CLOSED
Feb 17 - Washington Birthday - CLOSED
Mar 18 - Annual Meeting
Get Connected with
SIU Credit Union
Want to be the first to know about
news and special promotions from SIU
Credit Union? Like us on Facebook, follow us on Twitter, or check out our blog
at http://www.siucu.org/blog/ to stay
up to date.
Mission Statement
Building
lifelong
ships by delivering
financial solutions.
|
4
JANUARY 201
Useful Apps for Your Mobile Device
In this issue...
•
ISSUE 1
SIU Credit Union knows that you’re always
on the go! So we’re providing you with a
list of useful apps for your smart phone or
mobile device. hometown credit union one of the most
convenient financial institutions in the
world and with the CO-OP Shared Branch
locator app, it just got even more convenient.
Need to access your account, find an
ATM, help buying a car, or even get discounts when you’re shopping? It’s all right
at your fingertips. Find these apps in the
Apple App Store or on Google Play.
CO-OP ATM Locator - CO-OP, the largest
Credit Union ATM Network in the world, offers nearly 30,000 surcharge-free ATMs nationwide.
Allpoint® ATM Network - With 55,000 ATMs
across the US, UK, Mexico and Australia,
Allpoint® is your single source for surchargefree access.
SIUCU Mobile Banking – It’s easy and convenient to manage your finances - wherever you are! Away from your computer
and need to make a transfer? Or maybe
you just need to check your balances or
pay a bill. It’s all easy with the SIUCU Mobile Banking App.
NEW! AskAutoTM - Buying a car? Our new
AskAutoTM app can help. Research and
compare vehicles you like. Apply for a
loan anytime, anywhere. It’s simple using
your smartphone or tablet - and the AskAuto app. Get your free app today at
http://askauto.loanliner.com/market!
COMING SOON! SIUCU Deposit - In early
2014 you’ll be able to make check deposits anytime, anywhere using your mobile
device. Just tap the SIUCU Deposit App,
Snap a picture of the check with your mobile device and deposit it into your account.
Invest in America - Credit union members
can access Invest in America’s exclusive
discount offers through this easy-to-use
app. Members can save money from companies like GM, Sprint, TurboTax, and Dell.
CO-OP Shared Branch - With access to
over 5,000 branches nationwide, the COOP Shared Branch network makes your
Holiday Spending SNOWBALLED
O u t o f C o n t r o l ?
REE!
BREAK F
Transfer High Rate Balances to an SIU Credit Union Visa® & Save BIG!
relationpersonalized
2.9
%
introductory
APR
*
for 15 months
No balance transfer fee
*Annual Percentage Rate. Rates, term and conditions are subject to change without notice. Offer subject to credit approval. Introductory rate of
2.9% APR is good on balance transfers for 15 months. Rate applies only on balance transfers. After the promotional period ends, the standard
APR for purchases will be applied to all remaining balance transfer amounts. Standard APR ranges between 7.9% - 16.9%. Credit card approval
and standard APR depends on creditworthiness and other qualifications. Apply for Visa Credit Card online at www.siucu.org or visit any branch
location. Membership required. Federally insured by NCUA. Offer begins January 1, 2014 and ends September 30, 2014, but could end at
anytime without notice. Call 618-457-3595 for details.
www.siucu.org 1
NEED
TO KNOW
Annual Meeting Notice
SIU Credit Union hosts an Annual
Member Meeting to provide an inside look at our financial state, and
give members the opportunity to
directly address the SIUCU Board of
Directors and senior management.
Join us on Tuesday, March 18, 2014
at 5:15 P.M. at our Giant City Road
location in Carbondale as we recap
2013 and hold elections for three
members of our Board of Directors. Those running for board seats this
year include:
Bill
Capie
has
served on the credit union board for
over 20 years and
currently serves as
its Chairman. He
graduated
from
the University of Illinois with a B.A. and M.A. and retired
from SIUC in 2003. He remains active
and continues to volunteer with a
number of community groups. He
firmly believes that the credit union
offers a level of service not available
at other financial institutions and is
proud of the Credit Union’s financial
offerings and stability.
Kenneth
Burnett
was
born
and
raised in Cairo, IL.
He’s been married for 52 years.
He worked at SIU
from 1972 to 1998.
He served on the
credit committee before joining the
board of directors in 1999. Kenneth
said he enjoys serving as a credit
union volunteer.
Susan Dallas-Willis
has been a volunteer at the credit
union over 20 years.
She was elected to
the Board of Directors in 2006 and
currently serves as
Chair of the Supervisory Committee.
A Midwest native, Susan is a graduate and retiree of SIU. “Being active
in the community is important to me.
I have seen the difference that volunteering makes in people’s lives.”
2
Important Notices to Members
Routing Number: As the tax season approaches, we want
to make sure that all of our members have all the correct information needed to fill out tax returns.
Members attained from the merger of SEECU, please be sure
to use SIU Credit Union’s routing number when filling out tax
returns. The SIUCU routing number is 281276420. The routing
number is located online and is also on the bottom of all SIUCU
checks.
If you need more information on how to locate SIUCU’s routing
number please call 618-457-3595 or 618-549-8501
Mailing Address: The mailing address for all SIUCU branches has changed. ALL mailed items should be sent to:
Post Office Box 2888
Carbondale, IL 62902
ATM Deposits - Can’t make it into the branch to make a
deposit or maybe you just don’t want to wait in line. You can
now deposit checks and cash through the SIUCU ATMs located
at each branch and the SIU Student Center. ALL cash ATM deposits are now available immediately in your account!
Four Things To Do in January
It’s no surprise that January is a big month
for making resolutions. And if you’ve been
making resolutions for a while, you know
how many of them fall by the wayside before February.
with the typical grace period that most
mortgage lenders allow, it’s always a good
move to take care of that big monthly payment. Again, you’ll never have to worry
about making the payment on time.
These suggested resolutions are different in
two ways—they’re in the ‘set and forget’
category, and they can make your life so
much easier that you’re likely to keep them:
* Automate minimum credit card payment
or payments. The penalty for a late credit
card payment is not pretty. Set up an automated payment to cover at least the
minimum due on all your credit cards; you
always can pay additional amounts so you
retire those debts as soon as you can. Set
payments a few days before the due dates
to protect your credit score.
* Set up direct deposit. Once you arrange
to receive regular payments like your
paycheck or Social Security and pension
checks with direct deposit, you’ll never
have to worry about making timely deposits again. You’ll know that your deposit is in If you’ve already managed these resoluyour account exactly when you expect it tions, think of one or two more that could
to be.
help you get on and stay on the straight
and narrow financially. For example, you
* Set up automated transfers to savings to might want to set up a low balance alert
pay yourself first. The next smart step, after or a payment due alert from SIU Credit
direct deposit, is to get funds into savings Union’s online banking. See www.siucu.org
right away so they can begin earning divi- or call 618-457-3595 for more information.
dends from the get-go.
* Automate your mortgage payment. Even
Copyright 2010-13 Credit Union National Association Inc. Information subject to change without notice. For use with members
of a single credit union. All other rights reserved.
2014 Scholarship Application Now Available
If you or someone you know is headed to SIU Credit Union
college, make sure to apply for one of our Attn: Scholarships
five $1,000 Scholarships to assist you.
P.O. Box 2888
Carbondale, IL 62902
At SIU Credit Union, we’re
proud to honor students strivThe deadline to submit your
ing to reach their educaapplication is March 31, 2014. tional goals. Download the
Scholarship winners will be
application from www.siucu.
announced in May 2014. For
org and return it to any of our
more information visit www.
siucu.org or call 618-457-3595.
branch locations or mail to:
www.siucu.org
www.siucu.org 3
A Message from
SIU CU Investment Services
Scott McClatchey, CFP
How to Contain Costs for Your College-Ready Child
College graduates are increasingly
•Get a government, public service, or
learning a new lesson: one in debt man- nonprofit job. Anyone who borrowed monagement. And many of them are failing.
ey under the William D. Ford Federal Direct
Loan Program can apply to the Public SerStudent debt is widely understood to be vice Loan Forgiveness Program if they work
a serious and growing problem in the Unit- in public service or for a nonprofit. The reed States. According to the Department of mainder of their outstanding debt will be
Education, 10% of college graduates de- forgiven after they successfully make 120
faulted on their loan repayments within the qualified loan payments.
first two years and nearly 15% after three
•Investigate Income-Based Replaceyears.1 More than 35% of loans taken by ment (IBR). Available for federal student
those under 30 are delinquent.2 Total stu- loans since 2009, IBR caps monthly paydent debt is nearing $1 trillion, at $966 bil- ments at a manageable share of income
lion as of the end of 2012. Today, the aver- and forgives any debt remaining after up
age student leaves college with a debt of to 25 years of payments, or as few as 10
over $24,000.
years of payments for those working for
public or nonprofit employers. The program
And the news gets worse: While unem- adjusts workers’ monthly loan payments to
ployment for recent college graduates was be no more than 15% of their “discretionat 6.3% in 2012 -- significantly less than the ary” income (the amount of money they
national rate -- 48% of them are working in make that falls above the federal poverty
jobs that do not require a college diploma.3 level).
•Become a teacher in a low-income
What can you do to help contain costs area. The Teacher’s Forgiveness Program
for your college-ready child? Here are will forgive up to $17,500 of federal Stafford
loans or the entirety of Perkins loans if they
some tips.
•Start locally -- Attending a community work for at least five consecutive, full-time
college for one or two years could substan- years as a teacher.
tially reduce costs when compared with a 1 Source: U.S Department of Education, “Default Rates Continue
four-year public or private school.
to Rise for Student Loans,” September 2013.
Source: The Federal Reserve Bank of New York, Student Loan
•Tap into federal loans first -- Find out 2Debt
by Age Group, March 2013.
more at the Federal Student Aid website 3 Source: The Center for College Affordability and Productivity,
“Why Are Recent College Graduates Underemployed?” Janu(http://studentaid.ed.gov), created by the ary
2013.
Department of Education. Federal Student
Aid provides more than $150 billion in feder- Scott McClatchey provides investment and
al grants, loans, and work-study funds each retirement planning services to SIU Credit Union
year. The site also provides information on members through a partnership with Alliance
Investment Planning Group. A CERTIFIED
repayment options for those with loans.
FINANCIAL PLANNERTM, Scott keeps regular
•Consider private loans -- These loans
office hours from 9:00 to 1:00 on Tuesdays at the
may require more research, but can be Carbondale East branch and is also available
beneficial to students who either don’t by appointment. Call 618-549-8632 to set up an
qualify for subsidized federal loans or are appointment with Scott.
able to find private loans with more favorable terms than the federal loans offered
to them. Look around and remember to
check your local credit union!
Additionally, there are ways your college
graduate can obtain loan forgiveness, including the following.
•Join the military. Each branch of the military has its own loan forgiveness program.
4
This was prepared by Peter Montoya, Inc., not the
named Representative or Broker/Dealer, and should
not be construed as investment advice. Neither the
named Representative or Broker/Dealer give tax or legal advice. All information is believed to be from reliable sources; however, we make no representation as
to its completeness or accuracy. Please consult your
Financial Advisor for further information.
BRANCHIONS
LOCAT
Carbondale
1217 West Main Street
Lobby Hours
Mon-Thurs
9:00 am - 5:00 pm
Friday
9:00 am - 6:00 pm
Drive Up Hours
Mon-Thurs
7:30 am - 5:00 pm
Friday
7:30 am - 6:00 pm
Saturday
8:00 am - 1:00 pm
395 N. Giant City Road
Lobby Hours
Mon-Thurs
9:00 am - 5:00 pm
Friday
9:00 am - 6:00 pm
Saturday
9:00 am - 1:00 pm
Drive Up Hours
Mon-Thurs
7:30 am - 5:00 pm
Friday
7:30 am - 6:00 pm
Saturday
8:00 am - 1:00 pm
Energy
300 S. Pershing
Lobby Hours
Mon-Fri
Drive Up Hours
Mon-Thurs
Friday
Marion
2809 Outer Drive
Lobby Hours
Mon-Thurs
Friday
Saturday
Drive Up Hours
Mon-Thurs
Friday
Saturday
9:00 am - 5:00 pm
8:00 am - 5:00 pm
8:00 am - 6:00 pm
9:00 am - 5:00 pm
9:00 am - 6:00 pm
9:00 am - 1:00 pm
7:30 am - 5:00 pm
7:30 am - 6:00 pm
8:00 am - 1:00 pm
Metropolis
704 East 5th Street, Suite 1
Lobby Hours
Mon-Fri
9:00 am - 5:00 pm
Drive Up Hours
Mon-Fri
9:00 am - 5:00 pm
Harrisburg
540 N. Commercial, Suite 700
Lobby Hours
Mon-Fri
9:00 am - 5:00 pm
Mailing Address
P.O. Box 2888
Carbondale, IL 62902
Phone Numbers
Local
Toll Free
Q-Phone
618-457-3595
800-449-7301
800-455-0169
Federally insured by NCUA
www.siucu.org