MEMBERSHIPMATTERS

Volume 61 | No. 3 | July 2015
MEMBERSHIPMATTERS
P2 | Spotlight on … Allowances
P3 | More Financial Services for You
P5 | Open the Door to a Remodel Plan That Pays Off
P6 | Get to Know the Leesville Center
www.bfcu.org | 800-647-2328
2 | www.bfcu.org
INSIDE
THIS ISSUE
CEO Message.............................................3
Bulletin Board..............................................4
NOW Is the Time to Apply!
The Barksdale Federal VISA® Platinum
1.99 Credit Card...........................................4
Trying to Sell or Thinking About It?
Open the Door to a Remodel Plan
That Pays Off...............................................5
Directors’ Corner
Get to Know the Leesville Center.................6
Community News........................................7
Low Auto Loan Rates..................................8
Barksdale Federal Credit Union Financials
May 2014
May 2015
____________________________________________________________
Loans
$576,277,529$582,380,275
Assets
$1,196,917,320$1,207,480,629
Deposits
$1,077,653,983$1,083,245,735
Reserves
Members
$113,902,217$119,264,355
112,094116,326
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: ©iStock, ©Fotolia. ©2015
Bluespire Marketing | bluespiremarketing.com
Snippets
Spotlight on … Allowances
O
nly 1 percent of children save any of their allowance for the
proverbial “rainy day,” according to parents surveyed by
the American Institute of CPAs, though most kids pocket enough
allowance over the course of a year to buy an iPad® and three
Kindles – and have money to spare.
61 percent of parents pay their children an allowance, averaging for
the year $780 or $65 a month.
The vast majority of kids have to work for their allowance, and they
average about 6.2 hours of chores per week.
Good grades can also mean big bucks for kids: The average going
rate for an “A” is $16.60.
Many parents begin paying their
children an allowance starting at age
8. Experts agree the earlier you teach
kids about managing money the
better. To encourage a younger child
to save, try using three jars labeled
“saving,” “spending” and “charity”
and have your child deposit specific
amounts into each. We also offer
savings accounts for children from
new born to college. Bring your
children in this summer to open
their very own savings account.
Source: Harris Interactive survey conducted on
behalf of AICPA, October 2012.
Your Financial Partner for Life | 3
More Financial Services for You
A
s part of our
mission to become
your preferred financial
partner, BFCU united
with InsLink, Inc. in
2012. Housed in three
of our Center locations,
InsLink, Inc. provides members with
access to retirement and estate preservation
strategies, employee benefits, life insurance,
annuities and long-term care.
This year we welcomed two new InsLink,
Inc. representatives with open arms. These
gentlemen make a wonderful addition to
our family, sharing the same old-fashioned
values that Barksdale Federal stands for. To
learn more about what InsLink, Inc. can
do for you, stop by our Airline, Eastbank
or Northgate Centers or visit our website
at www.bfcu.org under Products and
select Investments.
Sincerely,
Rod Taylor
CEO of Barksdale
Federal Credit Union
Introducing Norman Cone
I
n 2015 we welcomed
Norman Cone III to
the InsLink, Inc. team.
Norman has many
years of Investment and
Banking experience.
He holds a Bachelor of
Science Degree in Business Management.
He honorably served in the U.S. Air Force
for 7 years. Norman is very active in the
community, having served on various
boards including the Webster Parish
Convention & Tourism Bureau and the St.
Paul Catholic Church Finance Council.
He belongs to the Lions Club and
American Legion. His friendly attitude
Make your earnings
go further.
and welcoming presence will make you
feel right at home.
Please be aware that Norman will be
happy to set up individual times to meet
with all current clients, so that you can
begin building your relationship with
him. This introductory meeting will
serve as an opportunity for you to review
your financial goals and also ask any
questions that you may have. You may
reach him at 318-629-8389.
As a Barksdale Federal Credit Union member you
may be eligible for a special discount with GEICO.
geico.com/cu/BarksdaleFCU | 1-800-368-2734
Some discounts, coverages, payment plans and features are not available in all states or all GEICO companies.
Discount amount varies in some states. One group discount applicable per policy. Coverage is individual. In
New York a premium reduction may be available. GEICO is a registered service mark of Government Employees
Insurance Company, Washington, D.C. 20076; a Berkshire Hathaway Inc. subsidiary. GEICO Gecko image ©
1999-2015. © 2015 GEICO
Insurance Representative of American United Life
Insurance Company® (AUL) and other insurance
companies. InsLink and BFCU are not an affiliate of
OneAmerica Securities or AUL and are not Broker
Dealer or Registered Investment Advisors.
Registered Representative of and securities offered
through OneAmerica Securities, Inc., Member
FINRA, SIPC, 4750 Sherwood Common Blvd,
Suite 200, Baton Rouge, LA 70816 225-293-9283.
NOT NCUA INSURED – MAY LOSE VALUE – NOT
BANK/CREDIT UNION GUARANTEED
insurance needs. He is a family man and the
proud father of two children. This Chicago
native has found a place in our community
as part of Cinco de Mayo and the League
of United Latin American Citizens.
any questions that you may have. You may
reach Al (Airline Center) at 318-629-8357.
Neither OneAmerica Securities, AUL, InsLink, nor their
representatives provide tax or legal advice.
Welcome Al Torres
M
r. Al Torres
joined our
InsLink, Inc. team
in March of 2015.
Al began helping
individuals plan their
financial futures in
1980. He brings a wealth of knowledge
and experience to the table. His passion
and drive to help others shines through in
his work at Barksdale Federal. Al focuses
primarily on helping members with their life
Please be aware that Al will be happy to set
up individual times to meet with all current
clients, so that you can begin building your
relationship with him. This introductory
meeting will serve as an opportunity for you
to review your financial goals, and also ask
Al Torres is an Insurance Representative of American
United Life Insurance Company® (AUL) and other
insurance companies. InsLink and BFCU are not
affiliates of AUL. 4750 Sherwood Common Blvd,
Suite 200, Baton Rouge, LA 70816, 225-293-9283
NOT FDIC/NCUA INSURED – MAY LOSE VALUE –
NOT BANK/CREDIT UNION GUARANTEED
Neither OneAmerica Securities, AUL, InsLink, nor their
representatives provide tax or legal advice.
4 | www.bfcu.org
E-statement Sign Up for Credit
Cards – Go Green!
We now have e-statements for credit
cards – from Global access, go to your
credit card and click on it where it takes
you to www.eZCardinfo.com. Click
on statements, then Delivery options.
Click on Electronic and you can set your
statements to be electronically delivered.
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InsLink, Inc Services
Don’t forget to visit with
our InsLink
Financial Service Repre
sentative
Norman Cone at 318-6
29-8389,
Dick Gregory at 318-549
-4027 or
Al Torres at 318-629-83
57 for
additional income solution
s.
NOW Is the Time to Apply!
The Barksdale Federal VISA® Platinum 1.99 Credit Card
The VISA Platinum 1.99 card is our VISA Platinum with an entire
year introductory rate of 1.99% APR* – yes, an entire year of
purchases, balance transfers and cash advances at 1.99% APR!
Not all credit cards are alike. Our credit cards come with a great
low rate, NO annual fee, NO cash advance fee, NO balance
transfer fee AND the same great low rate on cash advances as
on purchases. Plus reward points – redeem reward points for
merchandise, gift cards, travel and more! Some restrictions apply.
See a BFCU employee for more details.
Learn more at bfcu.org or
stop by and see us!
UChoose Rewards is a
program where you earn
points every time you use
your Barksdale Federal Credit
Union VISA Debit card and Credit Cards and sign for your
purchases. Redeem your points for anything of your choice from a
vast online rewards catalog. Watch your points add up fast!
• Earn 1 point per $2 on your debit card every time you use your cards
and sign for your purchases.
• Earn 1 point per $1 on your credit card every time you use your
cards and sign for your purchases.
Earn the most points in the shortest amount of time by using your
card for all your shopping needs, whether in-store or online at
www.uchooserewards.com.
* APR = Annual Percentage Rate. Introductory rate good for 12 months on all purchases and balance transfers. After that, the rate will convert to regular VISA Platinum card rates, currently
7.9%-12.9%, based on credit worthiness. Foreign transaction fee: 1% of transaction amount on all multiple currency; 0.80% of transaction amount on all single currency. To be eligible for
a VISA 1.99 Card, members cannot currently have or be joint on a Barksdale Federal VISA Credit Card. Balances on other Barksdale Federal loan accounts may not be transferred to your
VISA Platinum 1.99 Card. Not every member will qualify. Some restrictions apply.
Register your BFCU VISA® credit and debit cards at www.uchooserewards.com to begin earning points. UChoose Rewards Is Also Available On-The-Go! The UChoose Rewards
app allows participants to scan, search and browse a full rewards catalog of merchandise and much more. You can also scan an item bar code, view the points to redeem for that item,
purchase the item on the spot and pick it up without having to leave the participating retailer. Search UChoose Rewards in your app store for iPhone®, iPad® and/or Android™.
Your Financial Partner for Life | 5
Trying to Sell or Thinking About It?
Open the Door to a
Remodel Plan That Pays Off
H
ome prices may
be up in your
neighborhood – more
reason to invest in your
home to get the best
price if you’re planning
to sell. Despite what
Teresa Hall, VP
conventional wisdom
Mortgage Lending
says, most of the home
improvement projects with the greatest
return on investment are not so glamorous.
Did you know a new front door ranks at the
top of the list? According to a recent report
from Remodeling magazine, sellers recoup
66 cents of every $1 they spend on the
average remodeling project.
Before you splurge, consider these three
upgrades and fixes. They won’t break the
bank, but could pay off and help you clinch
a deal if you’re serious about selling:
1. Create space. Knock out a nonstructural wall, or remove that kitchen
island. Anything that opens space and
creates a sense of flow is advantageous.
2. Prune and landscape. Tangled trees
and unkempt bushes can obscure views and
darken interiors.
3. Address the basics. Insulate the attic,
repair plumbing leaks or replace rusty
rain gutters. These fixes can go a long way
toward boosting value.
If improving resale value and recovering
remodeling costs are important to you,
consult with a real estate agent first, then
make it happen with a home equity loan
from Barksdale Federal Credit Union.
Learn more by visiting www.bfcu.org or
call 318-549-8170 to speak to one of our
Home Lending Consultants today.
Renovations with
the Greatest Return
on Investment
If you’re considering a home
improvement project to boost the
quality and appeal of your home, here
are some ideas that will give you the
biggest bang for your buck.*
Entry door replacement: 96.6%
Deck addition (wood): 87.4%
Attic bedroom: 84.3%
Garage door replacement: 83.7%
Minor kitchen remodel: 82.7%
* Source: Remodeling magazine 2014 Cost vs.
Value report, www.remodeling.hw.net/costvs-value/2014/.
Post-Disaster
Money Tips
1. Review your insurance coverage and file claims as soon as
possible. Do not, however rush to settle your claims. Make sure
you have been adequately compensated for your losses within
the limits of your policy.
2. Locate your credit cards. Immediately call the issuers if you
can’t find them.
3. Use credit cards prudently for emergencies to avoid overwhelming balances later.
4. Reject unsolicited and fee-based offers to fill out loan and
emergency grant applications. Contact your financial institution or legitimate assistance agency if you need help.
5. Develop a financial priority list. Your budget may be seriously
affected by reduced income and increased expenses, so consider each line item carefully.
6. If you are unable to meet all your financial obligations, communicate with your lenders as soon as possible – you could
save your credit history from future damage.
For Financial First Aid, contact BALANCESM counselors for confidential financial advice. BALANCE services are provided free of
charge, courtesy of Barksdale Federal. Call 888-456-2227 or log
on to www.balancepro.net for more information.
Copyright © 2004 BALANCE
6 | www.bfcu.org
Directors’ Corner
Get to Know
the Leesville Center
Barksdale Federal opened the Leesville Center in December 2003
and held the official grand opening on Feb. 12, 2004. Following
the attacks of 9/11, access to Fort Polk Army Post was cut off
completely because of the threat level. Barksdale Federal knew
we needed to provide a place for our non-military and retirees to
conduct their financial business.
Board of Directors: (Back row) Arno Easterly, Keith Fontenot,
Al Oar, Bernie Hawk. (Front row) Roy Walling, Virgil Barnette,
Charleene Ringler.
Service Representative. It is this type of teamwork that creates a
successful story for our Leesville Center – opened out of necessity
and now the fourth highest transaction count of all our locations.
We immediately opened a small office to serve the Leesville community where we could handle loan demand and deposits that did not
involve cash. BFCU soon opened a full-service center in a remodeled
building – just across Hwy 171 from our current office – and began
to look for land to build the existing center. Since then the Leesville
Center has grown tremendously.
The Leesville employees stand by their belief that membership
is family. They are such a great team and display that not only
in their everyday work environment, but also when engaging in
the community. Some of the Center employees’ favorite memories about working at the Leesville location are their community
outreach projects with different organizations. The Leesville
Center is always there to give back and truly displays the Barksdale Federal tag line, “Your Financial Partner for Life.” They see
themselves as more than just your local credit union.
With great success, there is great leadership. Teresa Hall served as
our Leesville Center manager for over nine years. In April 2015
Teresa was promoted to Vice President of Mortgage Lending.
Although her employees at Leesville were sad to see her go, they
are so grateful for Teresa’s new opportunity and glad she is still
part of the BFCU team.
“We are more than honored to have been blessed with yet another
great leader,” says Margaret Carlisle, Vice President of Southern
Region Retail Operations. Stephen “Steve” Woods was hired as
the new Leesville Center manager and worked closely with Teresa
before her transition to the mortgage department. “We really enjoy
our time getting to know our members in the Leesville/West Central Louisiana area. We are truly a family, both staff and members.
We are excited to be such a vital part of our members’ financial
well-being,” says Steve.
Center employees agree with the manager. “Our staff is one big
team. We all pull together to help each other out with our workloads,” says Ruth Langhorne, Leesville Center Head Member
Leesville Center employees visiting their local nursing home and the
Center staff with their CASA toy donation last Christmas.
Introducing Stephen Woods,
Leesville Center Manager
We are excited to introduce our new Leesville
Center manager, Stephen Woods. Steve comes
to us from The Vernon Bank where he was
Senior Vice President since 2007. Steve has
over 24 years invested in the financial industry
as a branch manager, VP of Commercial
Lending and Senior Vice President. Steve
earned degrees from Northwestern State University and
Louisiana State University. Steve also graduated from The
Southwestern Graduate School of Banking located at Southern
Methodist University in Dallas, TX. We are very confident that
our Leesville Center is in good hands. Welcome Steve Woods to
the BFCU family – we are honored to have you aboard!
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!
March
2 Our employees donated money to make
nine baskets with household essentials for
the graduates of the Providence House
program, which helps homeless families
return to society as productive citizens.
7 BFCU sponsored the Warrior Run,
which raises funds to support our local
VA Medical Center.
7 Employees walked and raised more than
$1,290 for the Cenla Heart Walk to benefit
the American Heart Association.
21 Employees assisted with fundraising
the American Red Cross BASH Event
in Alexandria.
25, 26 Barksdale held Lifeshare blood drives
at our Admin center, our Northgate Center
and our Eastbank Center.
28 BFCU presented door prizes and snacks
for soldiers and their families at the Fort Polk
Amazing Race.
April
7 BFCU was a table sponsor for the Annual
Bass Life dinner, which supports local marine
life conservation.
10 BFCU sponsored, walked and raised
$810 for the American Cancer Society Relay
for Life in Alexandria.
11 Leesville High School Teacher
Appreciation Lunch, BFCU provided lunch
to 100 teachers.
Welcome New SEGs
• Dockens Surveying – Many
• Steven Johnson Contractor – Leesville
bring personal documents to be shredded
on site for free.
• First Baptist Church of Leesville –
Leesville
25 BFCU sponsored the Louisiana
National Guard Enlisted Association State
Convention.
• Team Cobb Kennels, LLC – Leesville
28 Staff attended the two-day event put
on by BPCC for all Caddo and Bossier
8th graders to meet colleges and local
businesses about plans for their future.
29 BFCU employees prepared and
served a meal to the Wounded War
Heroes to show our appreciation for the
sacrifices that they’ve made.
30 Barksdale Federal was a table sponsor for
the Minority Business Opportunity awards
dinner where minority business owners are
recognized for their professionalism and
contributions to the community.
May
1 BFCU was present with door prizes,
giveaways and information on identity
theft and credit scores at the Allen Council
on Aging Health and Resource Fair.
2 Our employees had the opportunity to
raise awareness at the annual Muscular
Dsytrophy Association muscle walk.
7 BFCU provided a meal and employees
served it to those in need in the local
community at the Leesville United
Methodist Friendship Feast.
• Team Cobb Outdoors, LLC – Leesville
• Vernon Parish Clerk of Court – Leesville
• DE Recinos Construction Company,
LLC – Leesville
• Priority Management Services Admin –
Bossier City
o Mid Jefferson Hospital –
Nederland, TX
o Riverside Hospital – Alexandria, LA
o Specialty Hospital – Winnfield, LA
o Chateau Terrebonne – Houma, LA
o Chateau D’Ville – Donaldsonville, LA
o Chateau St. James – Lutcher, LA
o The Woodlands – Leesville, LA
8 BFCU attended the Senior Health Fair
at the David Raines community center for
local seniors to get out and meet businesses
and check up on their health.
30 Vernon Chamber of Commerce Military
Affairs Committee “Push Ups for Charity”
to benefit Operation Homeland’s Boot
Campaign. BFCU sponsored the event with
a $500 donation.
11 Barksdale sponsored and provided
volunteers for the annual Walk a Mile
in our Shoes Autism 5K.
18 BFCU supplied volunteers to work
a day at the NW LA Food Bank to
help prepare and pack boxes for the
seniors program.
18 BFCU held our annual Shred
Day at the Mansfield Road Center
for members and nonmembers to
April 17: Employees walked and raised $380 for the Vernon
American Cancer Society Relay for Life.
March 20: United Way Day of Caring. BFCU employees
assisted the Girl Scouts of Louisiana.
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 November 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:
Labor Day, Sept. 7
Columbus Day, Oct. 12
Report lost or stolen Credit
cards: 800-543-5073 or
727-570-4881 after hours.
Debit cards: 800-472-3272
or 973-682-2652.
The Nominating Committee
has been appointed and
will submit their report by
Sept. 2, 2015.