Providing Financial Services For

Providing financial services for everyone who lives or works in Greene or Christian counties.
Locations
2155 E. Sunshine St.
Springfield, MO 65804
(417) 886-5355
(800) 553-5055
2416 W. Battlefield Rd.
Springfield, MO 65807
(417) 881-8814
400 E. Chestnut St.
Springfield, MO 65806
(417) 831-5755
338 N. Massey Blvd.
(Fountain Plaza Center)
Nixa, MO 65714
(417) 725-8501
161 US Hwy 60 W
Republic, MO 65738
(417) 732-9191
www.TelCommCU.com
24/7 Teller • (417) 882-5409
Hours
Lobby Hours - All Locations
Mon - Th. 9:00 AM - 5:00 PM
Fri. 9:00 AM - 5:30 PM
Sat.
9:00 AM - 12:00 PM
Drive Through - All Locations
Mon - Fri. 7:30 AM - 5:30 PM
Sat. 9:00 AM - 12:00 PM
Financial Report
As of May 31, 2009
Membership......................... 14,854
Assets........................$89,029,506
Deposits.....................$77,656,900
Loans.........................$48,116,773
Holiday Closings
Independence Day – Sat. – July 4
June 2009
Extreme ONLINE BRANCH MAKEOVER COMPLETE
Check out our new digs!
TelCommCU.com has a fresh new
paint job and structural work has
wrapped up. We believe you will
find the updated website easy
to navigate and more visually
appealing. Best of all, you may
now access the Online Branch
directly from the home page.
Please be sure to join our email
list at the top of the home page
and become plugged in to receive
the most current information
about rates and activities at your
credit union. We promise we will
not bug you to death, just update
you with relevant information
occasionally. Surf and enjoy!
Act Now For 100% New Home Financing
For a limited time TelComm is able to offer 100%
new home purchase financing. This is rare in the
current economic climate so time really is of the
essence. In addition to that, you may be able to
qualify for an $8,000 tax credit – or 10% of the
home’s value, whichever is less – on your 2008 or
2009 taxes. For more detailed information about
the federal housing tax credit, please go to
http://www.federalhousingtaxcredit.com/2009/faq.php.
The tax credit is for first-time home buyers only.
For the tax credit program, the IRS defines a firsttime home buyer as someone who has not owned
a principal residence during the three-year period prior to the purchase. The tax credit does not have to
be repaid. The tax credit is equal to 10% of the home’s purchase price up to a maximum of $8,000 and
is available on homes purchased on or after Jan. 1, 2009 and before Dec. 1, 2009. Single taxpayers with
incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.
For additional information please go to www.federalhousingtaxcredit.com
To capitalize on the 100% financing and determine if you qualify for the potential tax credit, please
contact Tara New or Lindy Evans at the Sunshine location by emailing [email protected] or
[email protected] or calling 417.886.5355.
Like Peanut Butter & Jelly
Beginning July 1, 2009 all TelComm VISA Credit Cardholders will receive a combined mailing
of your VISA Credit Card statement followed by a payment envelope and then your monthly/
quarterly TelComm Credit Union Share Statement. This translates into just one mailing from
TelComm and a significant amount of savings for your credit union in postage and paper costs.
Plus, we will also be able to duplex the statements which will allow us to print on both the front
and back of each piece of paper, ultimately saving numerous trees! So when you receive your
envelope you will see in this order:
1) VISA Credit Card Statement (if you have a TelComm VISA Credit Card)
2) VISA Payment Envelope (if you have a TelComm VISA Credit Card)
3) TelComm Credit Union share statement (monthly if you have regular activity, quarterly if you
do not)
We recognize this is a break in the routine you may be used to, but believe it is a positive change all the way around – cost savings and
environmentally friendly. We appreciate your patience and cooperation.
Golfing for Kids Coming Sept. 11
#
Buy a bucket of balls, clean up the putter
and hit the links NOW so you will be
ready to play in one of the premier golf
tournaments in the Ozarks. The 13th
Annual Golfing for Kids Tournament to
benefit Children’s Miracle Network begins
at 8AM on Sept. 11, 2009 at Rivercut
Golf Course and registration is $100 per
person or $400 per 4 person team. This
4-person scramble format will have 2
flights with 3 cash prizes as well as gift
certificates and numerous door prizes.
For the more skilled golfers we also have
a number of contests with special prizes
available, including A NEW CAR!
If you are interesting in playing or being a sponsor, please contact
Lori Johnson at TelComm at 417.886.5355 x108 or by email at
[email protected]. See you on the course!
TelComm is seeking email
addresses of our members to
begin sending a quarterly notice
when the newsletter is available
for viewing. This insures you
have the speediest way to stay
on top of special events and
updates from the credit union
AND is environmentally friendly. Next time you are in any location
please tell the Member Service Representative your email address
and let us know if you switch providers. Anything you can do to
help will ultimately keep TelComm as efficient as possible and up
to speed with advances in information technology.
2 June 2009
#
Your E-Mail Address =
Up to Date News
Make checks payable to CMN Benefit Golf Tournament.
Send entry form and payment to Lori Johnson at
TelComm CU, 2155 E. Sunshine St., Spfd, MO 65804.
#
#
Want to get a
free credit report?
annualcreditreport.com
Seeking Volunteer Member/Owners
This is your opportunity to make
democracy work – consider
submitting an application for a
Board of Director or Committee
Member position at TelComm.
It is critical to the success of
your credit union to maintain a
solid pool of qualified applicants
for various volunteer positions
within the organization when a
vacancy occurs.
If you have an interest in serving
as a TelComm volunteer, please
request an application form
from Don Ackerman, President
of TelComm, by email at [email protected], by
phone at (417) 886-5355 or in writing to:
TelComm Credit Union
Attn: Don Ackerman
2155 E. Sunshine St.
Springfield, MO 65804
Discounted Silver Dollar City &
White Water Tickets Available at
TelComm Credit Union
Silver Dollar City 2-day pass: Adult (12+) $47 • Child (4-11) $37
Silver Dollar City Season pass:
Adult $74 • Child (4-11) $64
White Water 2 Day pass: Adult (12+) $34 • Child (4-11) $28
2-Park Season Passes (White Water, Silver Dollar City): Adult $129.00 • Child (4-11) $108
Generally volunteers begin their service with the Supervisory
Committee and then eventually move to the Board of Directors.
We appreciate your involvement.
Silver Dollar City passes are valid through Dec. 27, 2009
and White Water passes are valid through Sept. 7, 2009. Message from the President:
WHEN TIMES ARE
TOUGH WE CAN HELP!
income. From the expense side, look at your shopping habits to see
if you can save money when you: grocery shop (i.e., use coupons,
consider generic food brands rather than name brand and remember try not to grocery shop when you are really hungry as it makes it more
difficult to pass up many food items that you would otherwise do
without), and review your “recreational” expenses by itemizing what
you spend in your budget to dine out - or if you think you must see
that new movie that is coming out, etc., just to name a few budgetary
areas to consider.
Remember, in tough economic times such as
now, when everyone is trying to stretch their
payback as far as it will go it’s more important
than ever to develop and maintain good financial
habits. So, if you haven’t already established
and/or closely follow a strict monthly BUDGET
Don Ackerman
to manage your finances – you might consider
President
doing so. You can find a sample budget link on So remember, 5 simple budgeting tips to follow:
the TelComm website under the Resources tab from Consumer Credit
1.) Review how you spend your money each month (determine
Counseling Services of the Ozarks.
where you are spending your money – and then live within
your available income).
Setting up a budget is simply allocating your income to cover all
2.) Identify and then cut back on unnecessary expenses.
of your monthly expenses and hopefully have money left over for
3.) Remember to “pay yourself first”. Setting aside funds for an
savings. As you itemize your monthly income (e.g., wages, salary,
unexpected or emergency expense is vitally important, and
tips, alimony, child support, interest on savings accounts or dividends
it will improve your cash flow.
on stocks/mutual funds, social security, retirement income, etc.) and
4.) Your budget should be flexible, allow it to work with you
your monthly expenses (e.g., rent or mortgage, insurance, utilities,
AND for you.
installment loans such as credit card (s), car loan, school loan
5.) Revisit your budget every few months and revise any expense
payments - and miscellaneous expenses such as car maintenance,
areas that will improve any available excess income.
home repairs, medical expenses, etc.) hopefully you will begin to see
areas where you can “tighten your belt” and hopefully get a better And finally, if by chance, you are already living paycheck to paycheck
handle on your finances.
– set a goal to establish your own budget just as soon as you can.
From an income perspective - check with your employer to see if When it comes to saving money, it’s never too late to get started.
they will allow you to put in additional hours at your current job, Don Ackerman,
or consider a temporary part-time job to help subsidize your current President/CEO
June 2009
3
W anting To “Green” Your H ouse & A void E xtra Mowing?
Consumers currently have the possibility of receiving $1500 for energy efficient home improvements available now through Dec. 31, 2010 in the form of
tax credits, so call TelComm today to apply for a Home Improvement Loan or a Home Equity Line of Credit. We can help you afford to implement some
of the following updates to your current home and ultimately save you on future utility bills while improving the value of your home. See the list below
for qualifying upgrades according to the EnergyStar.gov website:
Product
Category
Product Type
Tax Credit Specification
Tax Credit
Notes
Insulation
Insulation
Meets 2009 IECC & Amendments
30% of cost, up
to $1,5002
For insulation to qualify, its primary purpose must be to insulate (example:
insulated siding does not qualify).
Must be expected to last 5 years OR have a 2 year warranty
Check to see if you have Home Performance with ENERGY STAR in your
areas. Adding insulation to your home is covered.
Windows &
Doors
Exterior Windows and
Skylights
*Important Change:
Before June 1, 2009: Must meet ENERGY STAR
criteria
After June 1, 2009: U factor <= 0.30
SHGC <= 0.30
30% of cost, up
to $1,5002
Not all ENERGY STAR labeled windows and skylights qualify for tax credit.
More information
Storm Windows
Meets IECC1 in combination with the exterior
window over which it is installed, for the applicable
climate zone
*Important Change:
Before June 1, 2009: Must meet ENERGY STAR
criteria
After June 1, 2009: U factor <= 0.30
SHGC <= 0.30
30% of cost, up
to $1,5002
View our FAQ on storm doors and storm windows.
30% of cost, up
to $1,5002
Not all ENERGY STAR doors will qualify.
More information
In combination with a wood door assigned a default
U-factor by the IECC1, and does not exceed the
default U-factor requirement assigned to such
combination by the IECC
All ENERGY STAR qualified metal and reflective
asphalt shingles
Split Systems:
Package systems:
EER >=13
EER >= 12
SEER >= 16
SEER >= 14
Package systems:
Split Systems:
HSPF >= 8
HSPF >= 8.5
EER >= 12
EER >= 12.5
SEER >= 14
SEER >= 15
30% of cost, up
to $1,5002
View our FAQ on storm doors and storm windows.
30% of cost, up
to $1,5002
30% of cost, up
to $1,5002
View our FAQ on roofs that qualify for the tax credit
Exterior Doors
Storm Doors
Roofing
HVAC
Metal Roofs, Asphalt
Roofs
Central A/C
Air Source Heat Pumps
Natural Gas or Propane AFUE >= 95
Furnace
Oil Furnace
AFUE >= 90
30% of cost, up
to $1,5002
30% of cost, up
to $1,5002
30% of cost, up
to $1,5002
30% of cost, up
to $1,5002
30% of cost, up
to $1,5002
For a partial list of qualifying products go to: Air-Conditioning, Heating,
Refrigeration Institute (AHRI)
Not all ENERGY STAR products will qualify for the tax credit. View ENERGY
STAR criteria for furnaces, boilers.
All ENERGY STAR gas tankless water heaters will qualify.
There are currently no ENERGY STAR qualified gas storage tank or gas
condensing water heaters that qualify.
View ENERGY STAR criteria for water heaters.
For a partial list of qualifying products go to: Air-Conditioning, Heating,
Refrigeration Institute (AHRI)
All ENERGY STAR electric heat pump water heaters qualify for the tax credit.
Gas, Propane, or Oil
Hot Water Boiler
Advanced Main Air
Circulating Fan
AFUE >= 90
Gas, Oil, Propane
Water Heater
Energy Factor >= 0.82
or a thermal efficiency of at least 90%.
30% of cost, up
to $1,5002
Biomass Stove
Electric Heat Pump
Water Heater
Biomass Stove
30% of cost, up
to $1,5002
30% of cost, up
to $1,5002
Geo-Thermal
Heat Pump
Geo-Thermal Heat
Pump
Same criteria as ENERGY STAR: Energy Factor
>= 2.0
Stove which burns biomass fuel5 to heat a home or
heat water.
Thermal efficiency rating of at least 75% as
measured using a lower heating value.
Same criteria as ENERGY STAR:
Closed Loop: Open Loop:
Direct Expansion:
EER >= 14.1
EER >= 16.2 EER >= 15
COP >= 3.5
COP >= 3.3
COP >= 3.6
Solar Energy
Systems
Solar Water Heating
Water Heaters
Photovoltaic Systems
No more than 2% of furnace total energy use.
Read this FAQ if the fan qualifies, but the furnace
does not.
For a list of qualified products, read this FAQ.
Note — not all ENERGY STAR products will qualify for the tax credit. View
ENERGY STAR criteria.
30% of the cost
At least half of the energy generated by the
30% of cost
“qualifying property” must come from the sun.
Homeowners may only claim spending on the solar
water heating system property, not the entire water
heating system of the household.
The credit is not available for expenses for
swimming pools or hot tubs.
The water must be used in the dwelling.
The system must be certified by the Solar Rating
and Certification Corporation (SRCC).
Photovoltaic systems must provide electricity for
30% of cost
the residence, and must meet applicable fire and
electrical code requirement.
All ENERGY STAR geo-thermal heat pumps qualify for the tax credit.
Use IRS Form 5695
Must be “placed into service” before December 31, 2016.
All ENERGY STAR solar water heaters qualify for the tax credit.
Use IRS Form 5695
Must be placed in service before December 31, 2016.
Use IRS Form 5695
Must be placed in service before December 31, 2016.
1
Either the 2001 Supplement of the 2000 International Energy Conservation Code or the 2004 Supplement of the 2003 International Energy Conservation Code.
2
Subject to a $1,500 maximum per homeowner for all improvements combined.
3
A Manufacturer’s Certification is a signed statement from the manufacturer certifying that the product or component qualifies for the tax credit.
The IRS encourages manufacturers to provide these Certifications on their website to facilitate identification of qualified products. Taxpayers must keep a copy of the certification
statement for their records, but do not have to submit a copy with their tax return.
4
Additional information on exterior window features may be viewed at Anatomy of an Energy Efficient Window.
Biomass Fuel means any plant-derived fuel available on a renewable or recurring basis, including agricultural crops and trees, wood and wood waste and residues (including wood
pellets), plants (including aquatic plants), grasses, residues, and fibers.
5
The IRS defines “placed in service” as when the property is ready and available for use.
4
June 2009