cornerstone cornerstone - Fort Knox Federal Credit Union

THE
Community News
USA Cares
Patriot Club
Darius Rucker & Jennifer Nettles
CORNERSTONE
www.fortknoxfcu.org | October 2014
Fort Knox MWR once
again put on a great
summer concert. This
year’s concert featured
Darius Rucker & Jennifer
Nettles, with special guest
Brandy Clark. Fort Knox
Federal Credit Union was
the proud sponsor.
The concert, held at
Godman Army Airfield on
August 30 on Fort Knox,
attracted thousands of
spectators.
On hand to enjoy the concert were members Michael Newton and Mark
Sireno. They were the lucky winners of our VIP ticket giveaway.
USA Cares, one of Fort
Knox Federal's select
employer groups, recently
announced the launch of its
Patriot Club which is open
to anyone wishing to
support the organization's
mission of providing
financial aid and advocacy
to post-9/11 military service
men and women and their
families in their time of
need. Since 2003, USA
Cares has responded to
more than 60,000 requests
with over $11 million in
indirect-support grants to
assist recipients.
For more information about
USA Cares, please log on
to www.usacares.org.
Coming Soon To A Branch Near You!
OFFICERS
Michael Newton
Step Up And Save Tour
We recently held our Step Up And Save Tour
at 10 of our branch locations. Members came
out and enjoyed hotdogs, popcorn, snow
cones, and face painting. Fort Knox Federal
CU is always excited to give back to its
members!
Mark Sireno
BOARD OF DIRECTORS
Jo Exler
Richard (Dick) L. Ardisson
J. Marvin Hawk
Henry Wheatley
Richard L. Brandenburg
Rosemary Deaton
Gene Keith
Reba Watson
Otto Tennant
Chairman
Vice Chairman
Treasurer
Secretary
Member
Member
Member
Member
Member
EXECUTIVE STAFF
President/CEO:
Register to win a $1,000 shopping
spree and limo ride...
On BLACK FRIDAY!
Raymond H. Springsteen
Executive Vice President:
L. Dean Odle
KNOX FEDERAL
FORTCREDIT
UNION
TM
MAIN OFFICE
3939 South Dixie Blvd
Radcliff, KY 40160
www.fortknoxfcu.org
Federally insured by NCUA.
Equal opportunity lender.
People Helping People
October 2014
Board of Directors
President’s Letter
Nominations
Creating Member Value Remains Our Focus
I'm pleased to report that your Fort Knox Federal Credit Union continues to outperform other credit
unions in its peer group; is ahead of projections for both loan and deposit growth; and, continues to save
members money.
All of this adds up to continuing to provide incredible value to members and potential members through
loans. From our 3 year and 5 year Adjustable Rate Mortgages, to our auto loans for new vehicles as low
as 1.74 percent APR, we are helping more members reduce their monthly payments and save more
money.
Every day we find members who have extremely high interest rate auto loans from other financial
institutions and we are able to help. According to Experian Automotive, a national vehicle sales
database, the average used vehicle loan rate is 9 percent APR. Fort Knox Federal members who qualify
can get used auto loans from the Credit Union below 3 percent APR!
For example, we helped one member recently who had a 17 percent APR auto loan at another lender.
Fort Knox Federal refinanced his loan at 4.24 percent APR saving that member more than $6,000 over
the life of the loan.
The Nominating Committee met in early September and selected nominees from the applications duly
and properly submitted for the three Board of Director positions open in 2015.
Wanda Trimble
Henry Wheatley
Lloyd King
Robert Bauer
Otto Tennant
Wanda Parker
Pursuant to Fort Knox Federal Credit Union bylaws,
nominations for vacancies on the Board of Directors
may also be made by petition signed by 500
members. A brief written statement of qualifications
and biographical data must be submitted along with
each nomination by petition. All petitions and
additional written information must be received no
later than November 15, 2014 and sent to:
Fort Knox Federal Credit Union
c/o Nominating Committee
P.O. Box 900, Radcliff, KY 40159-0900
For all petition information, please call (502) 942-0254 or (800) 285-5669.
Fort Knox Federal continues to create member value as we seamlessly transition to new leadership. I'm
pleased to welcome Otto Tennant, Jr., an associate Board Member since 2010, as our newest member
of the Board of Directors. Otto is fulfilling the term of Howard Williams who retired from the Board in
July.
Fall Is A Great Time For
As we welcome Otto on to the Board, we also thank Howard for his more than 26 years of volunteer
service to the Credit Union. Howard's outstanding leadership and dedication have helped Fort Knox
Federal grow to more than $1 billion in assets while maintaining its position as one of the most stable,
financially solid and highest return on assets credit unions in the nation.
As this year winds down and we look forward to 2015, your Credit Union will continue to add member
value by improving our products and services. We have already begun by re-issuing all our VISA Credit
Cards to take advantage of improved security technology. Members will
soon be able deposit checks into their Fort Knox Federal accounts by
taking a picture with the camera in their cell phones. The remote deposit
capture (RDC) system allows scanned checks to be transmitted by
encrypted Internet connection for deposit. Also, we'll soon announce
another expansion of our branch office network.
Your Credit Union's growth is based on a very solid foundation built over
years by visionary and expert leadership from your Board of Directors and
professional staff. As we continue in this transition period, we will also
continue to 'stay the course' of building greater member value and
improving the quality of our members' financial lives.
And as I have said before, it is my privilege to serve as your President and
CEO and I will continue to work diligently, along with our dedicated Board
of Directors and professional staff, to serve
our members and fulfill the mission of Fort
Knox Federal Credit Union.
Home Improvements
Simple maintenance can avoid major problems.
Autumn's falling temperatures signal now is a great time to
consider winterizing your home and yard. Time to check the
roof for any damaged or missing shingles to prevent future
roof leaks, which can lead to water damage and ceiling
stains, causing even bigger—and more costly--problems.
Fall is also a great time to clean up the outside of your home:
washing windows, pressure washing decks and outside
walls, and all those yearly maintenance projects that will help
increase the value of your home and save you money in the
long run.
Fall is also the perfect time to open a Home Equity Line of
Credit from Fort Knox Federal Credit Union for the money
you'll need for all these seasonal projects. You can use your Equity Line of Credit for more than
home improvements: such as consolidating high interest bills or debt, emergency funds, education
costs or a much needed family vacation.
RAY SPRINGSTEEN
PRESIDENT/CEO
Open your Home Equity Line of Credit today and have the cash available when you need it. And
with our low rates, you'll save even more money in the long run.