Business Services Now Available

InTouch
A quarterly publication of Keesler Federal Credit Union |
Business Services
Now Available
Fall 2014
Chairman’s
Message
James Hollingsworth
Chairman, Board of Directors
W
e are pleased to announce the
launch of business services here at
Keesler Federal Credit Union.
This is an exciting endeavor for your credit
union because it will allow business owners to
enjoy the same value in banking products for
their business that they’ve enjoyed for
consumer services.
Our initial planning for business services began
with a focus group meeting with local business
owners. This meeting gave us an opportunity
to learn what was most important to business
owners so we could tailor the products to best
help businesses meet their goals.
Learn more about the business services available on the facing page.
As always, thank you for your membership and voting Keesler Federal as the
best credit union and mortgage lender for a second consecutive year in the
People’s Choice Awards. Winning this award is a testament to the outstanding
services provided by our team and reflects the satisfaction and appreciation of
our great members. We will continue to work diligently to provide the best
services possible.
Yours in service,
James Hollingsworth
Voted
Best
Bank/Credit Union and
Local Mortgage Lender
2013 & 2014
Vision Statement
Keesler Federal will be
THE choice for financial services.
Mission Statement
Keesler Federal will exceed
our members’ expectations by
committing to their financial success.
Organizational Values
Quality | Trust | Integrity | Respect
Teamwork | Communication | Loyalty
i m p o r ta n t t o y o u . i m p o r ta n t t o u s .
Keesler Federal
Means Business
You spoke. We listened.
The hallmarks of Keesler Federal’s reputation for quality member service and
exceptional rates are now available to business owners. Business banking
services will soon be available at most Keesler Federal branches.
We know your business is important to you and it’s important to us to help
you achieve your goals.
Business services are currently available at the Pass Road, Seaway, and
Orange Grove branches. If you’d like to be notified when business services will
be available at other locations, please email us at
[email protected] and provide your name,
business name, which branch you prefer and a phone
number where you can be reached. Call 228-385-5500
ext. 3900 for more information.
Count on Keesler Federal for lower fees and
better rates for your business services:
Jim Estrada
Director of
Business Services
`` Business Checking
`` Commercial Real Estate Loans
`` Business Money Market Account
`` Business Term Loans
`` Business Share Certificates
`` Business Vehicle Loans
`` Business Loans
`` Business Credit Cards
`` Business Lines of Credit
Keesler Federal
New Mortgage
Services
Buying Your First Home?
Start at Keesler Federal
Let your partners at Keesler Federal
help you better prepare for the biggest
purchase of your lifetime. Here’s
some of what we’ll need to discuss:
Credit Score & History
This information is used to qualify
you for a mortgage loan and impacts
your interest rate. We’ll obtain it for
you and discuss your options.
Documents
`` W-2 forms for the past two years.
Self-employed? Include all pages
of the last 2 years of your business
tax returns.
`` Copies of your most recent 30
days of pay stubs. If retired, 1099s
for last two years and/or most
recent SSI awards letter.
`` Last two months’ of bank
statements, retirement statements,
pension income, child support
income, alimony income or recent
quarterly investment statements.
`` If any money for your down
payment is a gift, document how
much, where it came from, and
that it’s not a loan.
Affordability
As a general guideline:
`` Your total monthly housing
commitment—mortgage
principal and interest, property
taxes, and homeowners
insurance—should be no more
than about 30% of your income
before taxes and other
deductions.
Your mortgage team now offers
financing for:
Second homes1
`` Investment properties1
`` Properties in the states of FL,2
MS, LA, AL
`` Your total debt—meaning
house payments plus student
loans, car loans, and credit
cards—should generally be no
more than 43% of your gross
monthly income.
``
Savings status
Ask about
our 30-day
closing
guarantee
program.
In addition to a down payment,
you’ll need cash for other
expenses due at closing.
Rest assured we’ll look at all
factors to help guide you to
the best program and payment
options. Call a Mortgage Loan
Advisor at 228-385-5580 or apply
online at kfcu.org to get started.
Ask about our lender-paid
closing cost programs.
1 Second homes and investment property financing available
for conventional and portfolio loan programs only. Government
loan programs (FHA, VA and USDA) not available.
2 Includes primary residences, second homes and investment properties.
MasterCard®
Announces
Zero Liability
Effective October 17, 2014, you’ll have
even more peace of mind in protection
against fraudulent charges with
Retirement
MasterCard® Zero Liability. This means
Are You Saving Enough?
The rule-of-thumb formula is to
plan to live on 70% to 80% of your
pre-retirement income during your
retirement years, while increasing your
replacement income annually at the
inflation rate for 30 years.
But one size does not fit all. Your
replacement income requirements will
more realistically range from 54% to
90% of your pre-retirement income
Important in determining your
replacement rate is your ratio of
pre-tax expenses like a 401(k), to
post-tax expenses like a mortgage
or Roth IRA.
The more saved in pretax retirement
accounts before you retire, the lower
your replacement requirements.
Other factors that affect your
replacement rate are:
`` Some of today’s expenses will
decline or disappear when you retire
such as work related taxes and
expenses. You’ll spend less on
insurance and retirement plans too.
`` During retirement, your expenses
will decrease in real terms at first
and then increase toward the end
due to changes in consumption and
potentially greater health care
expenses.
`` Your life expectancy might be less
or more than 30 years. Use Social
Security’s online calculator at
www.ssa.gov to estimate your
life expectancy.
that you will not be liable for unauthorized
transactions on your MasterCard® Debit
`` If you have a low
pre-retirement income,
say, $20,000 a year, your
replacement rate will
likely be higher than
that of someone who
makes $100,000 a year.
`` After age 65, you stand
a 70% chance of
requiring long-term
care and help with basic
daily activities, even if
only temporarily.
If you can, delay Social
Security as late as possible,
you’ll get a higher
inflation-adjusted
benefit for life.
Card for PIN-based and Signature
transactions, as long as you notify us
promptly upon becoming aware of a loss
or theft of your debit card. Previously,
consumers were liable for up to $50 of
fraudulent charges for PIN-based
transactions. This new rule removes the
$50 or less limit of liability.
To report your card lost or stolen,
please call 1-800-682-6075.
Keesler Federal’s Board of Directors is pleased to announce the 2014
winners of the Lisa J. Stubbs Memorial Scholarship Essay Contest.
Congratulations
Scholarship Winners
In 1987, Keesler Federal developed an annual Scholarship contest
to help members achieve their dreams of higher education.
The scholarship contest was named in honor of Lisa J. Stubbs,
a Keesler Federal employee of over 8 years. Lisa attended night
classes while working full time for the credit union. Lisa died at
the age of 25 after a lifelong struggle with Cystic Fibrosis.
A special thank you to our Panel of Judges who reviewed
each essay for originality, clarity and meaningful content:
adult
STUDENTS
Each year, 5 members (3 dependent students and 2 adult
students) are awarded a $1,000 scholarship for writing a winning
essay. This year’s topic was “My Education. My Future. What
Knowledge Can Do For Me”.
Rachelle Gaston
Junior
Congratulations to this year’s winners!
Undergraduate Dependent STUDENTS
Rachel Banka
Senior
University of Mississippi
Madeline Gibson
Freshman
Mississippi State University
Connor Ladner
Sophomore
Louisiana Tech University
Mississippi Gulf Coast
Community College
Regan Holley
Sophomore
University of Mississippi
Dr. Susan Bush is the Student Services Coordinator
at Gulfport High School’s Career and Technology
Center. She earned a BA in Business Administration,
a Master’s degree in Education, and a Doctorate in
Human Capital Development. Bush is a contributing
author to a case study published in Measuring ROI in
Learning & Development: Case Studies from Global
Organizations (2011).
Steve Robinson has served in both an elected
capacity on the Ocean Springs Board of Aldermen
and appointed capacity on the Ocean Springs School
District School Board. He is currently serving as
Secretary to the Ocean Springs Museum Board.
Robinson retired as the Director of Human Resources
Administration for Huntington Ingalls Shipbuilding
in Pascagoula.
Leon Walker is a published writer of creative literature,
social and political commentaries and book reviews.
He was selected as a judge of the “Next Generation
Indie Book Awards” for the past three years. He has
published three collections of poetry and short stories
entitled, Work Wonders, Life Lines, and Equinox. Walker
is a graduate of Embry-Riddle Aeronautical University
in Daytona Beach, Florida. He is a retired United States
Naval Officer.
Recent Grad or
First-Term Military?
Keesler Federal has a credit program just for you!
Keesler Federal’s First Flight program
offers first-term active duty military
and recent college graduates an
affordable way to build credit. You
won’t need a co-signer for this
program because we designed it just
for you. In this case, little or lack of
credit is to your benefit.
The First Flight Auto Loan
See us first, then shop. Get your loan
pre-approved so you can negotiate
like a cash buyer. Keesler Federal’s
exceptional rates on car loans mean
your monthly payment may be much
lower than if you finance through
the dealer.
`` Borrow up to $20,000
`` Provide proof of sufficient
income to support the new debt
`` Provide proof of full coverage
auto insurance
`` Choose a vehicle acceptable
for Keesler underwriting
(We want you to have a safe,
dependable vehicle)
The First Flight Credit Card
We offer a low rate credit card
designed to help you establish and
build credit with a manageable
credit limit of up to $1,500.
Contact us today to get started!
Team Spotlight
Keesler Federal, Mortgage Loan Department
W
hether you are buying a home, land, or refinancing real estate,
get the right team on your side. Keesler Federal’s expert
mortgage team will work hard to guide you through the home
purchase and finance experience with the right type of loan for you.
Call or visit us for help with your next mortgage.
Back row left: Arlene Woodridge, Mortgage Loan Processor-16 years; Janice McKinnon, Mortgage Loan Underwriter-20 years;
Jennifer Groves, Mortgage Loan Originator-12 years; Connie Kuhagen, Mortgage Loan Processor-8 years; Danelle Daughdrill,
Mortgage Loan Originator-2 months; Jo Lynn Reeder, Mortgage Loan Closer-15 years; Debbie Ruby, Mortgage Loan Underwriter-10 months;
Sherri Kunze, Mortgage Loan Closer-1 year; Tammy Moses, Vault Custodian-14 years; Jill Pittman, Mortgage Loan Originator-12 years
Middle row left: Michele Holliman, Loan Set-up Specialist-7 years; Ginger Fountain, Mortgage Loan Originator-4 months;
Carla Buchanan, Post Closing Specialist-17 years; Linda Denton, Mortgage Loan Receptionist-5 years;
Emily Marquez, Secondary Market Officer-8 years; Analyn Ambion, Mortgage Loan Processor-11 years
Front row left: Chris Lowery, AVP Mortgage Lending-2 years; Karen Hartness, Mortgage Loan Manager-6 years;
William Marquez, Mortgage Loan Originator-5 years
Not Pictured: Evelyn Gregory, Assistant Mortgage Loan Manager-5 years; Tamela Williams, Post-Servicing Specialist-8 years
Team Keesler Raises $15,000 for Heart Walk!
American Heart Association Heart Walk on September 27, 2014
Each quarter, Keesler Federal employees have the opportunity to nominate their coworkers
for outstanding contributions to Keesler Federal’s values and commitment to member service.
Five categories are awarded each quarter: Outstanding Member Service, Innovation, Community
Service, People Helping People, and Leadership. Congratulations to the 2nd Quarter 2014 winners:
Innovation
Award
Deborah McDonald
Teller,
D’Iberville Branch
Outstanding
Member
Service Award
Jenny Groves
Mortgage Loan
Originator
Deborah has been serving Keesler Federal
members for 6 years. Deborah took an
innovative approach to sharing what she
knows by creating training tips. These tips
are helping her branch increase awareness of
Keesler Federal products and services. Since
implementing these training tips, her branch
has experienced an increase in referrals.
Jenny has been serving Keesler Federal
members for 14 years. Last year, she worked
closely with an 81 year old member to help
her finance her first home. Jenny developed
a special relationship with this member and
maintains regular contact with her. In passing
by the member’s home recently, Jenny noticed
her yard needed mowing, so Jenny took the
initiative to cut her grass.
Community
Service Award
Leslie Harvey
Loan Officer,
Slidell Branch
Leadership Award
Torin Flood
Head Teller,
Bay Waveland Branch
People Helping
People Award
Tamika Matthews
Express Lending
Leslie joined the Keesler Federal team 4 years
ago. She represents Keesler Federal at many
functions including Chamber after-hour
events, ribbon cuttings, and more recently,
she attended a classic car auction to help “just
in case” she was needed. Recently, Leslie took
the initiative to have Keesler Federal’s Joe the
Monkey at a Coast School Function. She is
committed to making sure that Keesler has a
presence in the community.
Torin joined the Keesler Federal team 8 years
ago and was nominated by her peers because
“she is a perfect example of a leader.” Torin is
well respected, trusted by her team and leads
with positive encouragement. She creates a
positive environment that inspires confidence.
Torin uses Communication, Respect, Trust,
and Loyalty to bring the team together.
Tamika has been serving Keesler Federal
members in Express Lending for 8 years.
She “eats, sleeps, and lives, Keesler Values.”
Tamika’s department overwhelmingly agrees
that she is personable, giving and always looks
for the best in everyone. She trains new team
members, stays late, takes a leadership role
with department initiatives, and continually
demonstrates teamwork.
Meet Ron Weatherly,
Our New Financial Advisor
A Message from the Keesler Financial Group
We are pleased to announce that Ron Weatherly has
joined Keesler Financial Group located at Keesler
Federal Credit Union as a new Financial Advisor
through CUNA Brokerage Services, Inc.
He’s committed to providing members with insight
and guidance to help them plan for all of their short
and long-term financial goals. He is licensed and
FINRA registered. This allows him the ability to
provide a wide array of financial options to our
members.
Ron began his career with Merrill Lynch in 1998.
He also managed an office for 12 years with Edward
Jones Investments. Altogether Ron brings 15 years
of financial advisor experience to Keesler
Financial Group.
Ron has been married to local author, Lori Clark
Weatherly, for 15 years. Together they have 3 boys,
Nathan, Matthew, and William.
Ron spends much of his off
time with his boys on the ball
field, where he helps coach
baseball and football.
Ron is strongly committed to
building long and solid member
relationships through integrity
Ron Weatherly and brings a strong skill
set in understanding the
importance of member relationships. His passion is
to serve members by assisting them with building,
maintaining and protecting their wealth through solid
financial planning strategies.
We’re confident that Ron will provide members with
the highest level of service required to help them
achieve financial success.
William E. Morrison ,
Edward Barrett, and
Ron Weatherly are Financial
Advisors with Keesler Financial
Group located at Keesler Federal CU.
If you have any questions or would
like to provide feedback regarding
the information presented in this
article, contact Bill , Edward ,
or Ron at (228) 385-4558.
Highlighted Share & Loan Rates
Shares
Checking Accounts
Share Savings (with Compounding)
Anticipated Dividend Annual Percentage
Rate (APR)
Yield (APY)
Balance less than $5,000
Balance $5,000 or more
Christmas Savings
.25%
.30%
.30%
.25%
.30%
.30%
481 Highway 90 East
Waveland, MS 39576
[email protected]
Securities sold, advisory services offered
through CUNA Brokerage Services, Inc.
(CBSI), member FINRA/SIPC , a registered
broker/dealer and investment advisor. CBSI
is under contract with the financial
institution to make securities available to
members.
Not NCUA/NCUSIF/FDIC insured, May Lose
Value, No Financial Institution Guarantee.
Not a deposit of any financial institution..
FR-1024870.1-0914-1016
eAdvantage Checking (qualifying accounts)
Balances up to $25,000
1.39%
1.40%
Non qualifying eAdvantage accounts and amount of balance over $25,000
earn rates listed below
Ultimate & Essential Checking depending on balance
Balances less than $2,500
.15%
.15%
Balances $2,500 or more
.20%
.20%
High Interest Money Market Account (HIMMA)
To schedule a complimentary
consultation, or to ask any
questions that you may have
regarding your account(s), please
contact Ron Weatherly today!
Anticipated Dividend Annual Percentage
Rate (APR)
Yield (APY)
Anticipated Dividend Annual Percentage
Rate (APR)
Yield (APY)
Balance $2,500—$9,999.99
Balance $10,000—$49,999.99
Balance $50,000—$99,999.99
Balance $100,000 and over
.40%
.40%
.45%
.50%
.40%
.40%
.45%
.50%
Individual Retirement Account (IRA)
Anticipated Dividend Annual Percentage
Rate (APR)
Yield (APY)
Traditional
Roth
.75%
.75%
.75%.75%
IRAs are federally insured separately up
to $250,000
$2,500 minimum to open account and to earn dividends
Please check with any office or visit www.kfcu.org for the current rates
or specials on share certificates.
Federally
insured by
NCUA
Share rates listed above are effective as of Oct. 1, 2014 and subject to change without notice.
See your September statement for the dividend rate paid for the period ending Sept. 30, 2014.
Loans
New Auto Loans
Credit Cards
Up to 24 months 25-36 months
37-48 months 49-60 months 61-72 months Annual Percentage Rate (APR)
as low as 1.39% APR
as low as 1.39% APR
as low as 1.59% APR
as low as 1.69% APR
as low as 1.89% APR
MasterCard®
Visa Platinum Rewards Student Credit Card
Share Secured MasterCard®
Annual Percentage Rate (APR)
as low as 8.9% APR
as low as 9.9% APR
as low as 8.9% APR
12.9% APR
Example: Monthly payments are approx., $42.27 per month
per $1000 borrowed at 1.39 for 24 months.
Signature Loans
New Boat Loans
Annual Percentage Rate (APR)
Up to 36 months
as low as 2.99% APR
37-48 months ($10,000 & over) as low as 3.45% APR
49-60 months ($15,000 & over) as low as 3.75% APR
61-72 months ($20,000 & over) as low as 4.75% APR
73-84 months ($25,000 & over) as low as 5.75% APR
Example: Monthly payments are approx. $29.08 per month
per $1000 borrowed at 2.99 for 36 months.
Annual Percentage Rate (APR)
Up to 36 months
as low as 7.99% APR
36-48 months
as low as 8.49% APR
49-60 months ($10,000 & over)as low as 8.99% APR
Example: Monthly payments are approx. $31.79 per month
per $1000 borrowed at 7.99 for 36 months.
Share Secured Loans Boat loans available in the continental U.S. only
2.00% above prior quarter share dividend rate
(Up to amount of available balance –
up to 120 months financing)
Rates marked “as low as” vary based on credit history. Certain restrictions may apply.
Rates are effective as of Sept. 30, 2014 and subject to change without notice.
Apply for your loan by phone, 1-888-KEESLER (533-7537), online at www.kfcu.org, or visit any branch location.
i m p o r ta n t t o y o u . i m p o r ta n t t o u s .
www.kfcu.org | 1-888-KEESLER (533-7537)
Hours: Monday—Thursday: 9:00—5:00
Friday: 9:00—5:30; Saturday: 9:00—1:00
3501 Dolphin Drive
Gautier, MS 39553
New Gautier
Branch
Now Open...
JACKSON COUNTY
Gautier
Ocean Springs
Pascagoula
PEARL RIVER COUNTY
Picayune
STONE COUNTY
Wiggins
Hinds COUNTY
Jackson
LOUISIANA
Slidell
For the household of:
P.O. Box 7001, Biloxi, MS 39534-7001
HARRISON COUNTY
Pass Road-Biloxi
D’Iberville
Lakeview Village (D’Iberville)
Seaway Road (Gulfport)
Keesler AFB (Larcher)
Long Beach
Orange Grove
HANCOCK COUNTY
Bay-Waveland
Diamondhead
Stennis Space Center
Keesler Federal Credit Union Branch Locations
1-888-KEESLER (533-7537)
www.kfcu.org
Do More Online with
Keesler DepositNOW.