MEMBERSHIPMATTERS

Volume 59 | No. 4 | October 2013
MEMBERSHIPMATTERS
P4 | 7 Questions to Ask Before Refinancing
P5 | Relocating? Keep Your Credit Union Membership
P6 | OnTrack: A New Budgeting Resource for You
www.bfcu.org | 800-647-2328
2 | www.bfcu.org
INSIDE
THIS ISSUE
7 Questions to Ask Before Refinancing........4
Board Nominations.......................................4
Relocating? Keep Your Credit
Union Membership......................................5
OnTrack: A New Budgeting Resource...........6
Need a New Car?.........................................6
Community News........................................7
Have You Learned What InsLink, Inc.
Can Offer You?............................................8
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Barksdale Federal Credit Union Financials
July 2012
July 2013
____________________________________________________________
Loans
$526,884,456$560,905,126
Assets
$1,120,718,365$1,135,257,253
Deposits
$1,010,307,088$1,020,443,521
Reserves
Members
$105,247,604$108,174,386
104,610108,540
All financials are rounded to the nearest dollar.
For more information, center locations and hours,
visit www.bfcu.org, or call 318-549-8240 or
800-647-BFCU (2328). CUSCs can be found
at www.cuservicecenters.com.
This publication does not constitute legal, accounting or other professional
advice. Although it is intended to be accurate, neither the publisher nor
any other party assumes liability for loss or damage due to reliance on
this material. Websites not belonging to this organization are provided for
information only. No endorsement is implied. Images may be from one
or more of these sources: ©Thinkstock, ©iStock, ©Fotolia. ©2013
BlueSpire Integrated Marketing | bluespiremarketing.com
We’re Thankful for You!
With Thanksgiving just around the corner, we want to pause and
thank our members for their steadfast loyalty. We appreciate
your business. Barksdale Federal works to provide you the best
products and services to simplify and enhance your life. As we
look to 2014, we hope each member takes advantage of all we
have to offer.
Rewards through our credit and debit cards. For every
dollar spent, you will earn reward points for gift cards,
electronics, travel and more. You can get rewarded for just
making everyday purchases.
Small business opportunities. We love small businesses
and want them to succeed. Come into a location today to
discuss the options for a small business loan with a financial
service representative.
Low loan rates. We continue to be the leading lender in new
and used auto purchases in our market areas, and our mortgage
department continues to be overwhelmed with members wanting
to purchase or refinance their existing home mortgages.
Financial management tool. See your complete financial
picture with FinanceWorksTM powered by Quicken. FinanceWorks
categorizes your expenses allowing you to see where your
money is going and identify places to save.
Money management counseling. Your membership allows
you free access to BALANCESM. The program features money
management counseling, housing education, credit report review,
debt management, identity theft help and an array of educational
tools. Speak to a live counselor for free by calling 888-456-2227.
Investment opportunities. We welcomed Inslink, Inc. into
our family over a year ago to provide members with access to
retirement strategies, estate preservation strategies, employee
benefits, life insurance, annuities, and long-term care. (See page 8.)
Worldwide account access. We are everywhere! Barksdale
Federal has 20 locations, over 5,000 shared branching
locations, 450 ATMs and 24-hour account access by online
and mobile banking.
Remember to tell your family members and anyone else who may
be eligible to join about the benefits of membership at Barksdale
Federal. Thank you again for your support and loyalty.
Sincerely,
Rod Taylor
CEO of Barksdale
Federal Credit Union
Your Financial Partner for Life | 3
Traveling Soon? Please give us a call. We
can ensure your Barksdale Federal VISA®
credit and debit card are ready for the trip.
Our fraud protection service picks up your
transactions when you are overseas and
– for your protection – may block further
use. To avoid this from happening, let card
services know you will be out of country.
Call 800-647-2328, option 5.
Also, many stores offer a cash-back
option if you use your VISA debit card
in a PIN-based transaction. While we
recommend Signature-based transactions
to earn your reward points, this is a great
way to avoid ATM fees if you happen to
be traveling away from home.
Get a Jump Start on Your Taxes.
If you are setting up direct deposit
for your tax refund, remember these
important facts: 1. The name and
account number must match exactly
in order for the deposit to be credited
to your account. If not, it will be
returned. 2. The person receiving the
deposit must be on the account.
Has Your Address Changed? If
your mail is returned to Barksdale
Federal by the U.S. Postal Service, there
is a monthly fee of $5. Please make sure
we have your correct mailing address on
all accounts by visiting any location, logging into your online banking account
and clicking Secure Forms for Address
Change Form, or calling 318-549-8145
or 800-647-2328, option 4.
Your Credit Union Has More Than 5,000
Branches! You can access your Barksdale
Federal account at participating credit unions
all over the world with shared branching.
Anywhere you see the CO-OP Shared
BranchSM logo you can conduct a wide range
of transactions. To find a location, visit
www.co-opsharedbranching.org or call
888-748-3266.
Be Aware of Scams!
FinCEN has
received reports of finan
cial scam
attempts conducted via ph
one and
email. The caller may po
se as an
employee identifying an
outstanding
debt (debt could be actua
l or bogus)
and demand immediate
payment.
The caller may say you ha
ve received
a large Treasury Departm
ent grant
and to obtain the grant you
need to
provide bank account inf
ormation.
If you believe you have be
en a victim
of a financial scam, report
this information to local, state or
federal law
enforcement authorities.
Attention BFCU Mobile App Users!
The government issued new guidelines
calling for enhanced security measures.
Log in to your online banking account at
www.bfcu.org and follow the prompts
to update your User ID and Password.
Once you’ve completed the prompts,
you are all set and ready to use your
BFCU mobile app again with your new
User ID and Password.
4 | www.bfcu.org
7 Questions
to Ask Before
Refinancing
F
or many homeowners, refinancing can be a smart move.
However, before you decide to refinance your mortgage,
ask yourself the following:
1. What are my goals for refinancing? Are you trying to
lower your total monthly payment? Pay off your mortgage
sooner? Get access to accumulated equity? Your goals will help
you determine what terms and interest rate to look for.
5. How long do I plan to stay in my home? If you expect to
stay in your home for at least several more years, refinancing
may make sense. If you plan to move soon, you may not have
time to recoup the costs involved in refinancing the mortgage.
2. What’s the value of my home? You can find out approximately what your home is worth by checking out the sale prices
of comparable homes in your neighborhood.
6. What are the current interest rates? Generally speaking,
you may want to consider refinancing if you can get an interest rate at least 2% below your original loan rate. However,
you may also want to refinance if you have an adjustable-rate
loan, are concerned about future rate increases and want to
switch to a fixed-rate loan – even if the new rate is the same or
slightly higher. You can estimate your monthly payments and
interest charges using the mortgage calculators at www.bfcu.org.
3. What is my equity? Check your latest mortgage loan statement to find your outstanding balance. Subtract the outstanding balance from your home’s current value. For example,
if you owe $250,000 on a home worth $300,000, you have
$50,000 in equity. (You may have a harder time refinancing if,
due to economic pressures, your home is worth less than the
amount you owe.)
4. Do I have other liens against my home? If you have a
home equity loan or line of credit, the outstanding balance will
be deducted from your equity.
7. What fees are involved in refinancing? Find out about
closing fees, appraisal fees, etc.
A Home Lending Consultant from Barksdale Federal Credit
Union can help you review your options and determine whether
refinancing makes sense for you. Call 318-549-8170 today.
Board Nominations
Nominating Committee Chairman Huey
Lewing has announced the selection
of the following candidates to fill two
Board of Directors expiring terms.
Roy Walling
Roy Walling is the Retired Accounting
and Finance Officer with Barksdale Air
Force Base with more than 35 years
of accounting experience. He received
a Bachelor of Science in accounting
from Louisiana Tech University. He
served four years in the U.S. Army 11th
Airborne Division. Mr. Walling was the
Past Chairman and Vice Chairman of
the Board of Directors and member
of the Supervisory Committee. He
presently serves as Secretary Treasurer
and Budget Officer of the Board.
He also serves as a Director on the
Louisiana Credit Union League and as
Commissioner in Charge for the Caddo
Parish Clerk of Court during elections.
He has been married for more than
60 years to the former Barbara
Jean Arnold of Oil City. They live in
Blanchard, LA, and attend Westview
Christian Church where he has served
as an Elder, Deacon and Sunday
School Teacher.
Charleene Ringler
Charleene Ringler retired December
2001 from Barksdale FCU after 35
years of dedicated service. She ended
her career as Senior Vice President/
CAO with responsibilities for human
resource, funds investment and
facilities. Continuing her service to the
Your Financial Partner for Life | 5
Directors’ Corner
Relocating?
Keep Your Credit
Union Membership
I
s a new job or retirement taking you
to a different city or state? Although
relocating can be a fun adventure, it can
also be a challenge to acclimate to new
surroundings. But one thing that doesn’t
need to change is your membership at
Barksdale Federal. It’s easy to maintain
your finances here and keep the great
rates, service and convenience you are
already familiar with.
Here for You, Wherever You Are
Miles away instead of around the corner?
No problem. Managing your financial
accounts with us is still fast, simple and
secure, thanks to:
• CO-OP Shared BranchSM. If you
prefer to handle some transactions in
person, you can. There are more than
5,000 CO-OP Shared Branches that
credit union, Ms. Ringler was appointed
to the Supervisory Committee in
2006 and was Chairman prior to her
appointment to the Board of Directors
in 2010. She has seen the credit
union grow in assets from $5 million
to more than $1.2 billion and from one
location to 20. She was active in several
business organizations throughout the
years. During these years, she attended
LSUS and BPCC and completed
the Certified Credit Union Executive
program. She was born and raised in
can help. This shared branching
network of credit unions across the
United States allows you to make
credit union transactions as if you
were at our location
• Online banking. Securely access
your accounts, make transfers, pay
bills and more from your personal
computer or tablet, or any computer
with Internet access.
• Mobile banking. You can manage
your accounts on your smartphone and
receive text alerts.
• Direct deposit. Have your paycheck
or retirement funds electronically
deposited to your Barksdale Federal
checking or savings account.
Location, Location, Location
With our convenient services, your credit
union can be at your fingertips 24 hours
the Piney Woods of East Texas and has
spent the past 46 years as a resident of
the Bossier/Haughton area. She is the
mother of four, grandmother of three
and great-grandmother of one. Ms.
Ringler is married to LTC William (Bill)
Ringler, USAF, Retired.
Interested members who were not
nominated by the committee may be
nominated by a signed petition of at
least 100 primary members and must
contact the Executive Assistant at
Board of Directors: (Back row) Arno Easterly, Keith Fontenot,
Al Oar, Bernie Hawk (Front row) Roy Walling, Virgil Barnette,
Charleene Ringler
Your Financial
Partner for Life
a day. Visit our website at www.bfcu.org
for more information about CO-OP Shared
Branch locations, our 450 ATM locations
and electronic options that can keep you
close to the credit union you know and trust.
318-549-8017 for procedures, forms
and instructions.
Candidates must be willing to serve
in a volunteer capacity for three years
and avail themselves for educational
opportunities. Completed petitions
must be returned to the Nominating
Committee in care of the Executive
Assistant, 2701 Village Lane, Bossier
City, LA 71112. Petitions will be
accepted no later than 5 p.m. on
Friday, Nov. 29, 2013.
6 | www.bfcu.org
OnTrack: A New Budgeting
Resource for You
A
s part of Barksdale Federal’s commitment to helping you realize your financial goals, we are pleased to announce
your newest benefit of membership: OnTrack, an online tool
that helps you create a budget and a spending plan, at
www.ontrackbudget.org.
OnTrack takes the terror – or at least the guesswork – out of
knowing exactly how much money is coming in and going out.
In this self-guided module, you will create a realistic budget, and
will find tools for tracking expenses, tips for taking control of your
personal finances, direction on reducing debt and information
specific to challenges you might be currently facing.
OnTrack is designed to be anonymous, but you may choose to
have a counselor contact you for unbiased money management
information and financial counseling once you’ve completed it.
All you have to do is fill out your information at the end of the
program or make a toll-free phone call to our partner, BALANCE,
at 888-456-2227. A certified financial counselor can answer
many of your questions immediately – from how long an item
stays on your credit report to whether it’s better to lease or buy a
car. For more complex issues, such as debt elimination or budget
development, BALANCE will schedule an appointment – giving
you the personal attention you need to meet your objectives. If
bills have gotten out of hand, your counselor may be able
to arrange a Debt Management Plan in which
your creditors may reduce interest and
fees so you can pay your debt quickly
and efficiently.
We recognize that money concerns have
a serious effect on our quality of life. Now,
via the Web at www.balancepro.net or via
phone, 888-456-2227, financial education is
available to you free of charge as a benefit of
your membership at Barksdale Federal.
Need a New Car?
Your Credit Union Membership Gives You Three Great Ways to Save
B
1
arksdale Federal has three ways for our members to save
on a new vehicle purchase.
First, General Motors is offering all current and eligible credit
union members preferred pricing on most new GM vehicles.
This is in addition to the most current incentives and special
offers! Depending on the vehicle, you could save hundreds, even
thousands of dollars on your next new Chevrolet, Buick or GMC
vehicle purchase just for being a credit union member. Visit
LoveMyCreditUnion.org to see how much you can save and
request your GM Authorization Number.
2
Second, our members can save big with great low rates when you
finance your new vehicle through Barksdale Federal. Contact us
at 318-549-8070 or 800-647-2328, option 7 directly to find
out more about your vehicle financing options.
3
Third, you’ll also save on fuel costs with GM’s high-fuel efficiency
vehicles.* Start saving today!
*G
M offers high-fuel efficient products in most high-volume vehicle segments, and more are coming to the market each year. (All fuel economy ratings below are EPA estimates.)
The new Chevrolet Cruze Eco, with its 42 mpg EPA highway estimate, offers the best highway fuel economy of any gasoline engine (non-hybrid) car in America. The Chevy
Equinox and GMC Terrain crossovers offer space for the family and a 32 mpg highway estimate. Chevrolet Malibu has EPA mileage estimates of 22 mpg city, 33 mpg highway
and can travel nearly 500 highway miles on a tank of fuel. Chevy Silverado and GMC Sierra offer the best highway fuel economy estimates of any V8 pickups (22 mpg), and offer
hybrid models for the ultimate in full-size truck fuel efficiency (20 mpg city, 23 mpg highway).
Your Financial Partner for Life | 7
BFCU
Community News
We wish we had room to list all of the community events –
thank you for letting us be your community partner!
6/1 Supported Bossier High School’s
Boys & Girls State at Northwestern
State University & Bossier High School
Basketball Team.
6/1 BFCU employees worked phones to
help raise money for Children’s Miracle
Network Telethon in Alexandria.
6/1, 6/15 Pines Road employees
participated in the Greenwood
Farmers Market.
6/1, 7/1 Northgate employees attended
the Airman of the Month award at BAFB.
6/1 Hodge Center hosted Jackson Parish
Chamber After Hours.
6/5, 7/3 Attended BAFB Right Start
to welcome new Airmen and civilians.
6/6 Employees participated at the
Empty Bowls Event – Hunger
Awareness Fundraiser.
6/13 Sponsored Southwest La. Economic
Development “Fun on the Bayou.”
6/14 Sponsored BAFB 5K Run.
6/19 Sponsored Military Affairs Council
Scholarship Event.
6/18, 7/23 BFCU employees taught
Budgeting/Credit Scores Class in Fort Polk.
6/21 Helped Bossier Little League All
Stars by assisting in the purchase of new
uniforms, equipment and tournament fees
for youth.
6/22 Donated door prizes for the
Brighton Bridge Hospice 3rd Annual
Golf Tournament.
6/23 Encouraged reading among
BAFB families through summer
programming by supporting BAFB
Summer Reading Program.
6/24-25 Taught a budgeting class at
Beaucare Child Development in Deridder.
6/28 Employees volunteered to collect
funds and provide fans to members of
Bossier & Caddo Council on Aging’s
Fan Drive.
6/29 Supported Morris Claiborne
Foundation Football Camp.
7/1 Joshua Generation Summer Camp –
Reaching out to behaviorally and
academically challenged boys who need
time and attention.
7/4 Employees volunteered at Fort Polk
Freedom Fest.
7/9-13 Supported Political Administrative
Fund to help strengthen NAFCU’s
grassroots and political programs at
National Association of Credit Unions’ 46th
Annual Conference and Solutions Expo.
7/10 BFCU employees donated funds to
Council on Aging’s Fan Drive to purchase
fans for the elderly.
7/11 Taught financial education to
participants of the VA Medical Center’s
Summer Kid’s Camp.
7/13 Sponsored Quota Club Icing on the
Cake Event to help raise the money for the
community charities.
7/15 Provided baby dolls to nursing homes
in our area to help improve the quality of
life of our elderly neighbors for Scooter
Baby Ministries.
7/16-17 Offered a free seminar to all
members to help navigate through the
options of their Social Security benefits at
InsLink Social Security Meetings.
7/19 Employees volunteered at Northwest
Louisiana Food Bank’s Annual Food Drive
and collected 930 pounds of food.
7/20 Sponsored Bossier Youth Leadership
20th Anniversary Reception.
7/20 Donated an item for Multi-Cultural
Center’s 8th Annual Taste of Culture.
7/23 Promoted summer reading at Teen
Reading Program.
7/25 Supported Stuff the Bus Campaign.
7/25 Sponsored Angel of the Hour Radio
Telethon with St. Jude.
7/25 Employees provided information at
Pollock Federal Bureau of Prisons Mock
Job Fair.
7/31 Helped welcome new teachers by
sponsoring Bossier Chamber New
Teacher Luncheon.
Welcome New SEGs
Brighton Bridge Hospice of Oberlin
Fabulous Floors of Shreveport
LaQuinta Inns & Suites of Leesville
Vintage Gallery of Bossier City
Westwood Golf Development of
Shreveport
C & P Developing, LLC of Florien
Northgate Alterations of Bossier City
Billy D. Mize, LLC of Quitman
Copetco, Ltd of Evans
Northwest Louisiana Flying Club of
Bossier City
Bossier/Caddo Council on Aging Fan Drive.
NWLA Food Bank Annual Food Drive.
Rates and Dates
Account
RateAPY*
_______________________________________________________
Prime Savings
0.25%
0.25%
Sp. Purpose Savings
0.25%
0.25%
_______________________________________________________
2701 Village Lane
Bossier City, LA 71112
318-549-8240
www.bfcu.org
Children’s Savings
0.25%
0.25%
Christmas Club
1.50%
1.50%
_______________________________________________________
IRA Prime Savings
0.25%
0.25%
Regular Checking
0.10%
0.10%
_______________________________________________________
Plus Checking
High Five Checking
0.20%
0.10%
0.20%
0.10%
* Annual Percentage Yield.
Rates effective March 1, 2013. Rates
subject to change without notice.
Federally Insured by NCUA
Holiday Closings
Barksdale Federal Credit Union will be closed
for the following holidays:
Veterans Day, Nov. 11
Thanksgiving Day, Nov. 28
Christmas Day, Dec. 25
New Year’s Day, Jan. 1
Report lost or stolen Credit
cards: 800-543-5073 or
727-570-4881 after hours.
Debit cards: 800-472-3272
or 973-682-2652.
Have You Learned What InsLink, Inc. Can Offer You?
We welcomed InsLink, Inc. into our family
over a year ago. InsLink is here to provide
members with access to retirement
strategies, estate preservation strategies, employee benefits, life insurance,
annuities and long-term care.
We would like to encourage you to stop
by our Airline Center or Eastbank Center
to hear more about the different options
InsLink, Inc. can provide. Barksdale
Federal believes in enhancing the
financial well-being of its members, and
InsLink, Inc. is here to provide additional
income solutions.
If you are interested in hearing more
about InsLink, Inc. and the services
they can provide, please contact our
InsLink Financial Representatives, Chad
and Megan Hauser, at 318-629-8389
or 318-629-8357.
Securities products offered through OneAmerica Securities, member FINRA, SIPC. 4750 Sherwood Commons Blvd,
Suite 200, Baton Rouge, LA 70816. Barksdale Federal Credit Union and InsLink are not affiliates of OneAmerica
Securities, OneAmerica companies, AUL, and are not Broker Dealers.
* Not FDIC/NCUSIF Insured
* Not a Deposit Product
* May Lose Value
* No Bank/Credit Union/Affiliate Guarantee
* Not a Condition of Any Bank/Credit Union Service
* No Guarantee of Insurance Underwriter Performance
* The Bank/Credit Union cannot condition an extension of credit on the purchase of any annuity or insurance product
from the Bank/Credit Union itself or one of its affiliates.
Neither InsLink, Barksdale Federal, AUL or OneAmerica Securities nor their representatives provide tax or legal advice.
For answers to specific questions and before making any decisions please consult a qualified attorney or tax advisor.