October 2008 - Firelands Federal Credit Union

Credit Union Safe & Strong Through Troubled Times
With reports in the news of some financial institutions facing losses
and other problems due to subprime mortgage lending and the credit
crunch, you may be wondering about the financial stability of places
where you do business. We’d like to reassure you that Firelands Federal
Credit Union remains strong, safe and secure.
Married Couple Extends Insurance to $600,000
Individual accounts
Husband
Wife
We continue our commitment to provide you with excellent financial
products and services, and we have the resources to back up that pledge.
Our sound lending practices and service-oriented policies allow us to
continue to prosper even during troubled economic times.
You can enjoy added peace of mind knowing that your deposits are
federally insured through the National Credit Union Administration
(NCUA), a U.S. government agency. The NCUA is backed by the full faith
and credit of the U.S. government. Not one penny of insured savings
has ever been lost by a member of a federally insured credit union. Each
account holder’s funds are insured to at least $100,000, and retirement
accounts such as individual retirement accounts are separately insured
up to $250,000.
Joint accounts
Husband and wife
$200,000
Trust accounts
Husband - trustee for wife
Wife - trustee for husband
$100,000
$100,000
Total NCUA coverage
$600,000
Individual accounts
Husband
Wife
Child #1
Child #2
Detailed information about NCUA insurance, as well as a calculator
that you can use to estimate your coverage, is available at the NCUA Web
site, www.ncua.gov. (VAIDD ISONARRH) You can also
find financial reports for Firelands Federal Credit Union there.
Firelands Federal Credit Union also provides additional coverage up to
$250,000 thru Excess Share Insurance (ESI), a licensed insurance company.
Trust accounts
Husband as trustee for wife
Wife as trustee for husband
Husband - trustee child #1
Husband - trustee child #2
Total NCUA coverage
Progress Report
as of Aug. 31, 2008
Shares
Loans
Assets
Members
$134,414,746
$111,208,349
$155,706,210
22,464
Firelands Board of Directors
Announces Transition of Leadership
Wadsworth Anticipating Retirement,
Wasserman Preparing To Succeed
$100,000
$100,000
$100,000
$100,000
$100,000
$100,000
$100,000
$100,000
Over the course of the next two years, Kevin and Steve will be working
together to provide a smooth transition. During the transition process,
Kevin will serve as Chief Executive Officer and Steve will serve as
Stephen Wasserman
President. We appreciate the leadership that Kevin has provided
during his years of service with the credit union and look forward
to the continued success that Steve will provide in the future.
NCUA Coverage
$100,000
$100,000
$100,000
$100,000
Joint accounts
Husband and wife
Husband and child #1
Wife and child #2
Child #1 and child #2
October 2008
Kevin Wadsworth, President of Firelands Federal Credit Union since
1993, has announced his intention to retire in 2010. Kevin originally
started with the then Bellevue Federal Credit Union in March of 1979
as Assistant Manager. (NNYECQEULJA NEHYEN) His entire
professional career has been in the credit union industry, with three
years as manager of Vacationland Federal Credit Union being the only
time away from Bellevue. Upon his retirement, Kevin will have over 31
years in the credit union movement.
Kevin Wadsworth
Stephen Wasserman has been selected to succeed Kevin Wadsworth
as President of Firelands Federal Credit Union. Steve has extensive
experience in the financial services world, most recently as President
of the former Clyde Savings Bank and President of National Bank of
Hastings in Michigan. He is a native of Fremont and has resided in the
Clyde-Green Springs area for many years. Steve has been employed as
EVP of Lending and Business Development since September of 2006.
Family of 4 Gets Coverage of $1.2 Million
If your savings exceed the amount covered by the basic insurance
limits, you can extend your NCUA coverage by establishing different
types of accounts. The NCUA insures accounts in different ownership
categories separately. You can get up to $100,000 of additional insurance
in accounts owned jointly with someone else and for trust accounts of
which you are a beneficiary.
A friendly, helpful member service representative would be happy to
answer your questions and help you explore ways to increase your
coverage. Call or stop in today!
NCUA Coverage
$100,000
$100,000
$1,200,000
Read this newsletter carefully!
If you find your name scrambled in
parenthesis, you’ve won $25.00. Stop
by your local Firelands Federal Credit
Union office or give us a call
to collect your money.
Kenn Rospert,
Board Chairman
New Facility In Bucyrus To Open Soon
Important News
About Our
Mailing Address
Congratulations!
Jane Belding (pictured with Rod Sparks, VP of Crawford Co.)
was the winner of the Wounded Soldiers Fund
Quilt Raffle at Member Appreciation Days!
Thank you to all who donated to this worthy cause.
To provide more efficient service, we
will begin using a single Post Office Box
for all of our branches. Please begin
using our main mailing address of:
P.O. Box 8005
Bellevue, Ohio 44811
HOLIDAY CLOSINGS
Monday, October 13 - Columbus Day
Tuesday, November 11 - Veterans’ Day
Thursday, November 27 - Thanksgiving
Thursday, December 25 - Christmas Day
Thursday, January 1 - New Year’s Day
As the cooler weather approaches, we are putting the final touches on our new permanent
facility located at 2100 East Mansfield Street in Bucyrus. With the move into our new state-ofthe-art facility we will continue to serve the Bucyrus and Crawford County communities by
offering the latest technology to our members. This new technology will be used to educate
and serve our community in a safe, secure and friendly environment. Firelands has added easy
access to four drive-thru lanes along with additional parking. Inside, members will be able
to use a handy coin counting machine, free coffee bar and have access to our website and
Fireline right from a computer in the lobby. Look for news on the Grand Opening soon!
Attention All Snow Birds!
Board of Directors Spotlight
You’re probably thinking about blue skies, sunshine, and a nice warm winter ahead.
Don’t head south without stopping in to say, “See you next spring!” While you’re
here, let us know what your winter address will be so we can begin sending your Credit
Union correspondence right along with you. It’s quick. It’s easy. (SERO EISTN) We
can even have your mail start coming back north when you do!
Wendell Layton has been a member
of the Credit Union since 1998. He
served, as a board member, at the former
Crawford Community Credit Union
beginning in 2000 and was instrumental
in the merger with Firelands Federal
Credit Union in 2005. Wendell has resided
in Galion since 1961 and is an active
member of St. Paul United Methodist
Church. He has one son, Brian, three
grandchildren and two-step-grandchildren. Wendell retired,
after 35 years of service, from GCS Air Service Inc. and currently is
working as a courier for Donley Ford in Galion.
Main Mailing Address
P.O. Box 8005
Bellevue, OH 44811
Cold Weather
Is Approaching
Bellevue Office
221 E. Main Street
Bellevue, OH 44811
419-483-4180
Fax: 419-483-7100
Stay warm and dry in
your home or office.
Do your banking the
convenient way!
Use ARIS (bank by phone) or Fireline
(online banking) and you won’t have to
brave the weather. We’re just a phone call
or a click away. Stop by to sign up!
Norwalk Office
175 Cleveland Road
Norwalk, OH 44857
419-668-5833
Fax: 419-668-6007
Annual Meeting Announcement
Election of Officers
Firelands Federal Credit Union’s 52nd
Annual Meeting will be held on Wednesday,
February 18, 2009 at 5:30 p.m. in the board
room at the Bellevue office, 221 East Main
Street, Bellevue, Ohio. This will be a business
meeting only. Order of business is as follows:
Call to Order, Determination of Quorum,
Report of the Board of Directors, President’s
Report, Old Business, New Business,
Announcement of Election Results, and
Adjournment. The election of officers will
be by mail ballot unless there is only one
nominee for each vacancy to be filled. The
following Board members have been nominated for election to the Board of Directors:
Shirley Dick, Ken Landoll, Wendell Layton,
Kenn Rospert and Sandy Wright. Other
members interested in being nominated
should contact the Nominating Committee
thru the Human Resource Department of the
Credit Union. Nominations may also be made
by petition signed by one percent of the
total membership and submitted to the
Nominating Committee by November 10,
2008. Official petition forms will be supplied
and must be used.
Christmas Club Transfers
Your 2008 Christmas Club balance will be transferred to your checking account
on Wednesday, October 1st. If you do not have a checking account with us,
your Christmas Club balance will transfer to your primary share account.
Don’t forget to stop in and pick up your special Christmas Club member’s gift.
Gifts will be available beginning November 1, 2008, while supplies last.
Start your 2009 Christmas Club now to have the money when you need it!
346 Milan Avenue
(Drive-thru & ATM)
117 Whittlesey Avenue
(ATM only)
Galion Office
419 Harding Way West
Galion, OH 44833
419-468-5631
Fax: 419-468-7633
SHIRLEY DICK is a lifelong resident of rural
Bellevue and is a graduate of Bellevue High
School. She has been a member of the
Credit Union since 1967 and has served as
a Board Member for more than 25 years.
During that time, she has held the position
of Board Chairwoman and many others. She
has been married to Jerry for 43 years and
they have one son, Duane Dick of Bellevue.
Shirley is enjoying retirement and likes to
go camping and spend her time doing volunteer work. One of her
favorite parts of being on the Board of Directors is spending time
with members at Member Appreciation Days every summer.
Are you a FIRST-TIME HOME BUYER
who needs down payment assistance
to purchase a home?
Bucyrus Office
2100 E. Mansfield Street
Bucyrus, OH 44820
419-562-0447
Fax: 419-562-7059
ARIS
Audio Response
Information System
Bellevue: 419-483-3648
Norwalk: 419-663-2574
Galion: 419-462-5802
Bucyrus: 419-562-4297
Out of the area:
1-888-842-7334
Routing & Transit No.
241274077
Toll-Free Number
1-800-276-5775
Home Ownership Made Easy
Our MORTGAGE TEAM of specialists will
make you feel at home, whether you
are purchasing your DREAM home
or refinancing your CURRENT home!
Interest Rates are still LOW! Contact our
Mortgage SPECIALIST today for an
appointment for a free pre-approval.
Sandy Wright has been a member
of the Credit Union since 1979. She has
served as a Board Member for 8 years,
first at the former Crawford County
Credit Union of Galion/Bucyrus. She
was instrumental in the merger with
Firelands Federal Credit Union in 2005.
Sandy has served on the Audit Committee
and currently serves on the Scholarship
and Marketing Committees. She has
lived in the Galion area her entire life, graduating from Galion
High School and marrying Robert E. Wright 44 years ago. Sandy
had two children, Rob and Stacey (deceased in 1986) and one
granddaughter, Paige, who is the apple of grandma’s eye. Sandy
has worked at Galion Community Hospital for 32 years and
helped her husband with his auction business for 30 years.
(CEIAL NINL) She enjoys reading, fishing on Lake Erie and
watching her granddaughter.
Would You Move And Not
Tell Your Best Friend?
Whether you’re moving around the block or across the
country, it’s important to tell your friends where you are going.
Firelands Federal Credit Union is one of your most valuable
friends when it comes to “vouching” for your identity. Recent
regulations require the Credit Union, along with many other
entities, to help protect you from identity theft. Part of that
protection is that we reconcile the address you’ve provided
to us with the address provided to us any time we request a
consumer report. This makes it imperative that you provide
the Credit Union and all other institutions you may call your
“financial friends” with your most current address.
Rest assured, Firelands Federal Credit Union will never share
your address with a third party, however, when you apply for
a loan, a checking account, or open a new account we verify
your application information with the information provided
through various (HTSE SEMRES) consumer reporting
agencies. Beginning November 1, 2008, if the address you
provided to us does not match the address on record with
the reporting agency, we will be required to obtain additional
information from you to validate your identity.
Tell us first and SAVE $10.00 when you move! You’ll save a
lot of hassle and a $10.00 Finder’s Fee assessed by the Credit
Union if you notify us of your address change before we are
required to validate an address mismatch from a third party
(for example a forwarding notice from the United States
Postal Service). The Finder’s Fee is assessed to offset the cost
of validation which will include mailings to your old and new
address as well as a required response on your part.
If your address is changing, stop in and fill out an address
change request or go to www.firelandsfcu.org and print off a
form to complete, have it notarized and mail it back to us.
EQUAL HOUSING
LENDER
www.firelandsfcu.org