news and notes - Spojnia Credit Union

SPOJNIA CREDIT UNION
FIRST QUARTER 2011
NEWS AND NOTES
2011 Annual Meeting
President Cwikla welcomes
the members to the meeting
The 2011 Spojnia Credit Union’s Annual Meeting was
held, Saturday, February 26, 2011. President Cwikla
welcomed all members and called upon Prime Bishop
Anthony Mikovsky for the Invocation. The 2011
Annual Meeting Attendance report was given by
President Irene Jugan picks the next door prize
Donna Kolwicz and the reading and approval of the PNU
winner with Debbie Migliori
2010 minutes were given by Secretary Joan
Scheuneman. Manager Karen Rieder gave her report to the membership on what the
credit union had achieved over the past year.
President Cwikla acknowledged the board, staff and committee members for all their
hard work and dedication to Spojnia Credit Union. He spoke of the Corporate Credit
Union Stabilization Program that was established by the National Credit Union Association in 2008 to keep the credit union system stable during the recent financial crisis
and how it has affected Spojnia Credit Union.
Manager Karen Rieder
updates the members on the
accomplishments of the
credit union.
A catered luncheon is served after the meeting.
Members enjoy the luncheon.
Treasurer, John Andrzejewski, III spoke on how the strategies used in 2010 provided a stable year for Spojnia Credit
Union. The Board of Directors will be using the same methods for 2011 and expect a similar year ahead.
Additional reports were given by Supervisory Committee Member Delphine George, Credit Committee Member Mary Lou
Crispino and Debbie Migliori who spoke briefly on the youth club, and the award they won at last year’s Pennsylvania
Credit Union Association Convention for our website.
Carol Mikovsky of the SCU Nominating Committee read the names of those members seeking election. Re-elected to the
Board of Directors was John Andrzejewski, III and Joan Scheuneman. Jack Wisniewski won re-election for his seat on
the Credit Committee.
Five members won door prizes this year at the luncheon. Winners were: Irene Jugan, Henrietta Ostroski, Karen Rieder,
Cathy Wudarski and Dorothy Andrzejewski.
John Andrzejewski, III gives
his report on the financial
condition of the credit union
for 2010.
The Annual Meeting is held the last Saturday of February, weather permitting. It is a time to reflect on the past year,
elect new officers and a time to get to know your Board of Directors, Committee Members and the Staff of Spojnia
Credit Union. Mark your calendar for next year’s meeting; tentatively set for February 25, 2012.
Special Meeting
A special meeting on April 7, 2011 of the membership of Spojnia Credit Union will be called to order at 6:30 pm at St. Stanislaus Cathedral
Parish Hall located at 529 East Locust Street, Scranton. The meeting is being called to discuss and vote on a change to the articles of
incorporation of Spojnia Credit Union. A letter detailing the article change has been sent to the membership. All members are encouraged to
join us April 7, 2011 as we vote to approve or disapprove this article change. This meeting will take place prior to District 1 Delegate
Election Meeting.
Spojnia Credit Union’s Reorganization Meeting
The Spojnia Credit Union held its reorganization
meeting immediately after the annual meeting
held February 26, 2011. In addition to the board
members listed to the left, the following is the
2011 Spojnia Credit Union Committee Members:
Supervisory Committee
Delphine George
Edmund Kotula
Maria Hughes
First Row: Secretary Joan Scheuneman, President
Jan S. Cwikla and Vice President John Ostroski, Jr.
Back Row: Director Ron Kishel and Treasurer John
Andrzejewski, III.
Credit Committee
John Wisniewski
Mary Lou Crispino
Stacey Crispino
Inside this issue:
2012 Vacation Club
2
Membership Contest Winner
2
Scholarship Deadline
3
PNU Cruise
3
5 Star Rating
3
Membership
4
Home Equity Loans
4
2012 Vacation Club
The 2011 Vacation Club Checks have been disbursed. Now is the time to sign up or renew your 2012 Vacation Club.
The new rate for 2012 will be .50% APR. (Annual Percentage Rate) The club runs for 50 weeks and checks
will be disbursed April 2, 2012.
Weekly and monthly deposits are available in increments of $10, $20, $50, $100 or an amount determined
by you not to exceed $5000.00 total. A lump sum payment may be made as well.
A member will be allowed to have more than one vacation club but the aggregate amount can not exceed $5000.00. Start planning
that special vacation for 2012 and open your vacation club today!
Complete the application below and return to the credit union with your initial deposit.
Spojnia Credit Union
2012 Vacation Club - Starts April 11, 2011
Name:_____________________________________________________________________________________________________
Address:___________________________________________________________________________________________________
_________________________________________________________________________________________________
Signature:_____________________________________________
Account Number:________________________
Complete and Return to:
Weekly Club Deposit
Total
Spojnia Credit Union
_____$10.00
$ 500.00
1006 Pittston Avenue
_____$20.00
$1000.00
Scranton, PA 18505
_____$50.00
$2500.00
_____$100.00
$5000.00
_____Lump Sum (Not to exceed $5000.00)
Membership Contest Entry Form
Spojnia Credit Union members are special. Enter to win a $50.00 VISA Gift Card. Fill out entry form and mail to:
Spojnia Credit Union, 1006 Pittston Avenue, Scranton, PA 18505. Entry Forms must be received by June 30, 2011.
Acct #_____________ Phone #:_______________________
Name:______________________________________________________
Address:____________________________________________________
____________________________________________________
Double your Chances: visit our website at www.spojniacreditunion.org and print off the entry form and
return to Spojnia Credit Union with the above entry form by June 30, 2011. Winner will be notified the first
week in July.
Website entry form can be found on the Forms and Applications page.
Congratulations to Marie A. Gorgol, 2011 First Quarter Winner!
Congratulations to all the 2010 Membership Quarterly Contest Winners:
Jake Stankowski with Debbie Migliori
1st quarter winner
Barbara Shumlas with Donna Kolwicz
2nd quarter winner
Marcy Paranich with Marilyn Donahue
3rd quarter winner
Will you be the next winner?
Lindsey Jenkins with Karen Rieder, Manager
4th quarter winner
NEWS AND NOTES
National Credit Union Youth Week
National Credit Union Youth Week is April 17-23, 2011 and Spojnia Credit Union will be celebrating all
month. The theme this year is “Money Rock$ at my Credit Union.” Spojnia Credit Union is challenging all youth of the credit union to participate and make deposits during the month of April. Our goal
is $1500.00! A special prize will be awarded to one lucky youth member from each age category.
(Value $30.00) You will receive one entry for every $10.00 deposited to your share account. For
example, you will get 2 entries for $20.00, 3 entries for $30.00, 4 entries for $40.00, etc. There are
three age groups: 0-6, 7-13, and 14-18. Last year Spojnia Credit Union received 20 deposits from 16
youth members totaling $1586.31. Make savings a habit this April and help us exceed our goal.
Contest ends April 30, 2011.
Scholarship Deadline
The 2011 Spojnia Credit Union Scholarship applications are due May 1, 2011. Applications were sent in January 2011 to all credit
union youth members who may be graduating this spring from high school.
The credit union will award one $500.00 scholarship in June to a member who is graduating high school and
furthering their education at the next level and is in good standing with the credit union.
The application, list of activities, awards and essay must be returned to the credit union and postmarked by
May 1, 2011. Applications received after that date will be returned.
This is the fourth year the credit union will be awarding this scholarship. Contact Spojnia Credit Union at 570-344-1513 if you did
not receive an application.
Mandatory Direct Deposit
Americans who enroll for federal government benefit payments - including Social Security, Supplemental Security Income, Veterans Affairs, Office of Personnel Management and Railroad Retirement Board - on or after May 1, 2011 will receive them only by
direct deposit. (or the government’s Direct Express Debit MasterCard program).
Any person that now receives paper checks for government benefit payments will be switched to direct deposit or the government
debit card by March 1, 2013.
If you as a beneficiary do not specify direct deposit into your credit union, you will automatically be enrolled in the government
debit card program.
There are good reasons for you to use direct deposit services. Its Safe, Easy and Fast!
Take action today. Switching from checks to direct deposit is easy. Go to: www.GoDirect.org or call the US Treasury Processing
Center toll-free helpline at 1 (800)333-1795 or contact Spojnia Credit Union at 570-344-1513.
PNU Caribbean Cruise, September 19 - 24, 2011
Its not too late to join the PNU for their 29th General Convention - Caribbean Cruise, September 19-24,
2011. The PNU will be departing on September 19th for a 5 night, 6 day cruise to the Caribbean. Destinations include: the Turks, Caicos Islands, Half Moon Cay and Nassau in the Bahamas. During the trip
delegates to the 29th General Convention will discuss the business associated with the PNU, however, You
Do Not Have to Be A Delegate to take advantage of the great price offered for this trip.
A reservation can be made NOW with a $200.00 deposit. Arrangements are made through the Cruise
People at 1-800-642-2469. Bon Voyage!
Please update your accounts with any changes. This includes: a new address, the 911 address changes,
phone number, or marital status. We will ask for a current copy of your driver’s license if one is not on file.
By keeping Spojnia Credit Union up-to-date, you won’t have delays in receiving correspondences from us.
Also, notify Spojnia Credit Union with any officer changes on your Organization Accounts. A current copy of
the new officers driver’s license is required.
Spojnia Credit Union has received the 5 (Five) Star Rating from Bauer Financial, Inc. The 5 (Five) Star Award
recognizes Spojnia Credit Union’s continued superior performance and strength. The award is based on an
analysis of current financial data supplied by federal regulators, supplemented by historical data. Earning a
5 (Five) Star Rating is, in itself, an outstanding achievement - evidence of consistently sound management,
financial strength and performance. This is the third year in a row Spojnia Credit Union has received this
recognition.
Page 4
Membership
Are you using your Spojnia Credit Union membership to its full potential?
•
Do you have a Share Draft (Checking) Account?
•
Do you have Home Banking?
•
Are you paying your bills online?
Spojnia Credit Union has all the financial products and services you’ll need to help you make the most of your time. The world is a
busy place and it can be hard to carve a little bit of extra time out for the things you enjoy: not anymore! Spojnia Credit Union
makes managing your money when its convenient for you easy, giving you those extra hours in the day to do what you want,
when you want.
Free Draft Checking - no annual fees, no monthly per check fees, no minimum balance and your first order of blue safety checks
is free!
Home Banking - Anytime, anywhere you have an internet connection and a computer you can view your account balances, transfer funds and balance your checkbook. It’s easy to use, secure and free at www.spojniacreditunion.org.
Bill Pay - Pay your bills online quickly, easily and safely from your draft checking account. You can set up account reminders to
pay your bills on time and even set up recurring payments. When compared to writing checks and buying stamps for all your bills,
you’re going to save money!
Direct Deposit - Direct deposit is the fastest, safest and easiest way to get your money on payday. Your funds are automatically
deposited into your account, so there are no more trips to the credit union or waiting in line. Your funds are there when you want
them!
Sign up for any of these services or products until June 30, 2011 and get one additional entry per service for the
membership contest. Spojnia Credit Union is giving away one $50.00 VISA Gift Card each quarter to a lucky
member and now you’ll have more chances to win. Additional information is available by calling the credit union at
570-344-1513 or visiting the website at www.spojniacreditunion.org.
Home Equity Loans: Low-Cost, Tax-Advantaged Credit
If credit card payments are eating up your disposable income each month, or if you need cash to remodel your kitchen, pay
tuition - a home equity loan might be your best bet.
With a home equity loan you borrow a lump sum of money repayable over a fixed term, usually five
to fifteen years, giving you the security of a locked-in rate and a consistent monthly payment.
People tend to use home equity loans for large, one-time expenses like a major home-improvement
project. You also might use one to start a business, make a big ticket purchase, pay school tuition,
or consolidate high-interest credit card debt. This type of loan makes sense if you don’t foresee
future borrowing needs.
There’s also a tax advantage. Unlike almost any other consumer loan type, the interest on a home
equity loan is likely to be tax-deductible. (Always contact your tax advisor to be sure)
Spojnia Credit Union offers a home equity loan with 5, 10 and 15 year terms. The credit union will
loan 85% of the appraised value minus any first mortgage. Rates as low as 3.25%. There is a $100.00 non-refundable application fee. No Closing Costs! Contact Marilyn or Debbie at 570-344-1513 and take advantage of a home equity loan with Spojnia
Credit Union.
Spojnia Credit Union to offer a 6 (six) year term for a New Vehicle Loan
Spojnia Credit Union has extended our new vehicle loan up to 6 years. You can now
purchase a new vehicle and extend the payments to 72 months. Requirements are:
•
A completed loan application with proof of income!
•
A $200.00 pledge!
•
A bill of sale from the auto dealer!
For rates or additional information contact the credit union at 570-344-1513 or visit the
website at www.spojniacreditunion.org. Rates subject to change without prior notice.