Did you see “What`s New?!” in Loans?

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LOAN S ELIGIB
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Did you see “What’s New?!” in Loans?
R E B AT E G U A
When you take out a new closed end loan* with
Silver State Schools Credit Union you will receive an
annual 5% CASH BACK REBATE on the INTEREST PAID!
Eligible loans include:
✔ Vehicle loans (including Motorcycle, Boat, RV, and
Power Sports loans)
✔ Auto Title loans
✔ Home Equity Loans
✔ Personal Loans
✔ Certificate and Share Secured Loans.
Apply in-person at any of our 9 branch locations, online at
silverstatecu.com, or call Loans by Phone at 800.357.9654.
* A closed end loan is any loan in which the amount advanced, plus any finance charges, is expected to be repaid in full by a specified date. All loans are subject to
credit approval. Educational employee loans are excepted from this feature and do not qualify. Program may be discontinued without notice.
Find your next vehicle at this upcoming event!
Super Saturday Event!
Saturday, February 22, 2014
10am - 2pm
Enterprise Car Sales
Henderson • 1050 W Warm Springs Rd • 702.227.6833
Enterprise will give you up to $400
towards your 1st payment!*
Get pre-approved by visiting any branch, calling Loans by
Phone at 800.357.9654, or online at silverstatecu.com.
Preview our great selection of quality used vehicles here.
*Vehicle must be financed using standard financing terms through Silver State Schools Credit Union to qualify for payment offer. Offer is only available to existing
Silver State Schools Credit Union members. Enterprise will issue a check for the amount of the first payment up to $400.00 within 30 days of the vehicle purchase
date. Offer void when 7-day Repurchase Agreement is activated. Offer valid 02/22/14 only. No cash advances. Offer not valid for previous Enterprise purchases or
with any other offer.
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“In 2013 we saw outstanding
improvement
in
our
financial
results over 2012.”
Andy Hunter, President/CEO
President’s Message
In our recently released fourth quarter 2013 financials, Silver State
Schools Credit Union reported fourth quarter 2013 net income
of $2.68 million and net income for the year ended December 31,
2013, of $13.55 million. The annual earnings include a one-time
non-operating gain of $5.0 million. The 2013 year-end earnings are
a substantial improvement over a net loss of $670,000 reported in
2012.
Over the course of 2013, delinquent loans have declined 32%, from
$19.0 million at December 31, 2012, to $13.0 million at December
31, 2013. As a consequence, provision for loan losses decreased to
$3.8 million in 2013, from $16.4 million in 2012. Our significant improvement in 2013 is very encouraging, and gives
rise to the view that we have turned a corner. Nevada’s economy
has shown marked signs of resurgence, particularly in increasing
property values. This brighter economic outlook has manifested
itself in several ways at the Credit Union; delinquencies continue
to fall, provision for loan losses has decreased, we have experienced
seven consecutive quarters of positive earnings, and have ended the
year with a regulatory net worth ratio of 6.32%.
At December 31, 2013, SSSCU reported total assets of $637, and
strong liquidity. In 2013 we saw outstanding improvements in our
financial results over 2012. We are encouraged by the progress we
have made and look forward to building upon that progress in 2014.
And, as we move forward, we hope you will see our progress reflected
by a greater value in your financial lives.
Thank you for your continued support and confidence. We wish you
all a 2014 filled with promise.
Choose the tax filing option that is best for you and finish your taxes today!
You Can with TurboTax®
This year, accomplish something you never thought possible – do
your own taxes. With TurboTax®, you can be confident they’ll be
done right. Plus, Silver State Schools Credit Union members can
save up to $15 on TurboTax federal products. Start now and get
your guaranteed maximum refund!1
TurboTax Disclaimer:
1 Maximum (Biggest) Refund Guaranteed or Your Money Back: If you get a
larger refund or smaller tax due from another tax preparation method, we’ll
refund the applicable TurboTax or SnapTax federal and/or state purchase price
paid. TurboTax Online Federal Free Edition customers are entitled to payment of
$14.99 and a refund of your state purchase price paid. Claims must be submitted
within sixty (60) days of your TurboTax or SnapTax filing date and no later than
6/15/14. Efile, Audit Defense, Ask a Tax Expert, Refund Transfer and technical
support fees are excluded. This guarantee cannot be combined with the TurboTax
Satisfaction (Easy) Guarantee.
2
© 2013-2014 Intuit Inc. All rights reserved. State filing charges apply. Limited
time offer for TurboTax 2013. Terms, conditions, features, availability, pricing,
fees, service and support options subject to change without notice. Intuit,
TurboTax and TurboTax Online, among others, are registered trademarks and/
or service marks of Intuit Inc. in the United States and other countries. Other
parties’ trademarks or service marks are the property of their respective owners.
Jackson Hewitt® offers members two
ways to save big on tax prep.
Valued Silver State Schools Credit Union members are eligible
to save either $30 on their individual income tax preparation at
participating Jackson Hewitt Tax Service® locations nationwide
or pay $50 less than last year* when you switch to Jackson Hewitt
from a competing tax preparer. Let Jackson Hewitt estimate your
refund, FREE! Meet with a one of their tax pros today to see what
Jackson Hewitt can do for you. No appointment necessary.
Click here to print your Jackson Hewitt coupon and locate a
Jackson Hewitt office near you!
save two ways.
Jackson Hewitt® offers two ways to save big on tax prep.
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For Jackson Hewitt locations, call 800.234.1040 or visit www.JacksonHewitt.com.
*Offer valid on tax preparation fees only and on no other product or service. May not be combined with any other offer, discount, or promotional price. Valid at participating locations
only. Most offices are independently owned and operated.
**Offer valid for tax preparation fees paid to a competitor of $150 or more. Proof of last year’s tax prep fee required.
Annual Meeting Scheduled for Saturday, April 26!
64th Annual Meeting of Members | 10am, Saturday, April 26, 2014 | McLeod Branch Training Room | 4221 McLeod Drive, Las Vegas, NV
Silver State Schools Credit Union is pleased to announce that the following members have been nominated as candidates for three positions
on the Board of Directors. Further nominations may be forthcoming by petition (deadline Monday, March 17, 2014). The biographical
information on these nominees follows:
Terry Mannion (Incumbent)
• Community/Public Service; Board Member, Greater Las Vegas Inner City Games, After School All Stars, Governors Nevada Holocaust
Committee, Henderson Redevelopment Board, Henderson Planning Commission, Paradise Town Board, Dixie College Foundation, Girl
Scouts of America, Nevada Interscholastic Activities, LDS Church.
• Career; 1961–1992 CCSD - Teacher, Counselor, Dean, Summer School Principal, Assistant Principal, Principal, Director of Secondary
Education, Assistant Superintendent of High Schools and Secondary Curriculum.
• Education; Dixie College High School, University of Utah – BS Education and Counseling, Brigham Young University – MS Counsel /
Admin, UNLV – Recertifications.
• Statement of Purpose: SSSCU has been our financial institution since we came to Las Vegas to teach in 1961. They provided our first home
loan down payment. I want others to have the same excellent member services Jack and I have experienced. SSSCU has my complete
attention and dedication to continue excellent financial solutions for all we serve.
Joyce Woodhouse (Incumbent)
• Community/Public Service; Board Member, Nevada State Senator, Hugh O’Brien Leadership, Voices in Voting/Kids Voting Southern
Nevada Board of Directors, Nevada Public Employees Retirement System Board of Trustees, Nevada State Education Association, Southern
Nevada Science Education Consortium.
• Career; CCSD 1966–1989 - Teacher, Assistant Principal, Principal; CCSD 1989–2006 - Director, School-Community Partnership Program.
• Education; Carroll College - BA, UNLV - 2 Masters Degrees in Curriculum and Instruction and in Educational Leadership.
• Statement of Purpose; As a longtime (12 years) SSSCU Board Member I am committed to giving the time necessary, and to sharing the
expertise I possess, to meet the challenges of the future to provide excellent service to our members.
Walt Rulffes (Nominee)
• Community/Public Service; Board Member, Girl Scouts of America, United Way, and Washington State School Employees Credit Union;
Volunteers with Rotary Club, Opportunity Village, Catholic Charities, Salvation Army.
• Career; CCSD Superintendent 2005–2011; CCSD CFO 1999–2005; adjunct instructor at 3 universities, K-12 business administrator.
• Education; MBA Finance; PhD Educational Leadership.
• Statement of Purpose: To provide representation for SSSCU members to establish and maintain a systematic savings program; to provide
a source of reliable credit; to offer competitive rates for loans and dividends; to maintain low-cost membership services, and to present a
positive image in the community.
Absent any qualified member petition, the election will not be conducted by ballot. Nominations for the open positions may be made by
petition signed by one percent of the members with a minimum of 20 and a maximum of 500. There will be no nominations from the floor
at the Annual Meeting when there is at least one nominee for each position to be filled.
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Community Page
Congratulations to Julie Vasquez!
Congratulations
to
Julie
Vasquez, winner of the 2014
Alice
Boelkens’
Excellent
Member Service Award! The
award is named for former
Credit Union employee, Alice
Boelkens, who exemplified
“Excellent Member Service” in
all she did.
Julie Vasquez has been with Silver
State Schools Credit Union for 121/2 years and currently manages
Electronic Services. Julie assists members and employees alike
over the phone, and is always patient in explaining procedures and
processes. She listens to her fellow employees, and encourages
input, and has implemented changes in her area that have increased
efficiency and workflow.
Bucks for Books
For the seventh consecutive year
the Credit Union will support Clark
County READS “Bucks for Books”
program. Beginning March 1, 2014,
and all month long, our branches will
raise funds selling our Bucks for Books’
‘buckslips’ to members and employees
for just a dollar. Last year we raised
over $4,500 to help support the literacy
initiative. Please help us again!
Holidays
(Credit Union Closed)
Memorial Day
Other Notable Days:
College Scholarship Deadline
Shred Day
Nat’l CU Youth Week
SSSCU Annual Meeting
National Teacher Day
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Monday, May 26, 2014
Saturday, March 15, 2014
Saturday, April 26, 2014
Week of April 20, 2014
Saturday, April 26, 2014
Tuesday, May 6, 2014
How do I keep my financial information
safe?
To avoid fraudulent charges and data breaches, you should monitor
your accounts daily. Review your card transactions through a secure
Internet connection at least once a day. Remember, these hackers
are sophisticated and will often ‘test’ cards, making purchases of
less than $5, before making a big purchase. If you see suspicious
charges, contact us immediately.
You should also periodically check your credit report, because it
is important to check your credit scores for sudden changes. A big
score drop could indicate identity theft. Consumers are entitled to
one free copy of their credit report every year at
www.annualcreditreport.com or by calling 877.322.8228.
It’s important for you to remember you are protected against
fraudulent purchases when you use your debit or credit card with
Visa’s zero liability protection policy. When you sign for a purchase
with a debit card, it has the same zero liability protections as a
credit card, and most financial institutions provide provisional
credit within 24 hours.
Finally, consider purchasing
identity
theft
protection.
These services monitor your
purchases to help detect any
potential identity theft or credit
card fraud. Silver State Schools
Credit Union offers different
programs of the Fraud Defender
identity protection, and offers
an affordable way to protect and
monitor your personal identity.
Be vigilant of your financial accounts, as there is no way to know
when or if financial fraud will occur. Being aware and applying these
few simple steps is almost always the best preventative measure.
And be on guard against phishers looking to steal additional
private information. It often starts with an email with link to an
internet site that looks real, but is just a scam to get you to enter
your personal information.