LES F EDERAL C REDIT U NION
FIRST QUARTER 2012 NEWSLETTER
CEO Honored for 30 Years of Service
The Board of Directors, Committees and Staff of LES Federal Credit Union would
like to congratulate Jackie Patin for 30 years of dedicated service. Jackie started
working with the credit union on November 1, 1981 as a teller and has been CEO
since November 2004. In January 1997, Jackie earned her Certified Credit Union
Executive (CCUE) Certificate, which is one of the highest accomplishments you
can earn in the Credit Union industry. Over the years, Jackie has also volunteered
to serve on the board of different Credit Union Associations, and would never turn
down the opportunity to serve. She is very dedicated to the Credit Union
Movement and we are very lucky to be able to work with her guidance, and look
forward to many more years of service.
Join Us At The Annual Meeting
The credit union's 2012 Annual Meeting is just around the corner, and we hope you
can join us. Unlike other financial institutions whose meetings are restricted to a few
shareholders, your credit union is a financial cooperative with meetings open to its
valued member-owners: You! So plan now to attend to hear about how the credit
union fared in 2011 and get the scoop on what's on tap in 2012. Give us your
feedback and let us know how well the credit union is serving your financial needs.
Tell us about what we're doing right as well as your suggestions for making
improvements. The credit union exists only to serve you and your support is
appreciated. We look forward to seeing you at the annual meeting.
The LES Federal Credit Union 2012 Annual Meeting will be held on Thursday, March 15, 2012 at 5:15 p.m. in the LWC
Administrative Building located at 1001 N. 23rd Street, Baton Rouge, Louisiana. There will be no election for Board of
Directors positions this year (2012).
One And Done: Consolidate Your Debt
If your mailbox is filling up with mail from a guy named "Bill," it's time to visit the Credit Union to
talk about a consolidation loan. We'll work with you $Shannon M Chevalier to pay off those high
-interest credit cards or other high-rate debt that has accumulated. With a consolidation loan,
you will have one payment to make at an interest rate that's fair. Almost always, that means
you'll pay less total interest as well as have a lower monthly payment.
With a consolidation loan from your credit union, you can get your life back on the track to
financial freedom. Call, stop by or visit our website to apply today!
Contact Us Location Mailing Address Office Hours For service center locations,
Phone: (225) 342-3288 950 North 22nd Street Post Office Box 44201 Mon./Tues./Thurs./Fri. Go to www.Cuswirl.com
Toll free: (800) 259-3291 Suite C Baton Rouge, Louisiana 70804 7:15 a.m. To 3:30 p.m. Or call toll free
Fax: (225) 342-3289 Baton Rouge, Louisiana 70802 Wed. 888- cu swirl
9:00 a.m. To 3:30 p.m. (888- 287-9475)
We are on the Web!
Need Cash, But Not A Loan?
Consider our Skip-A-Payment program. You are allowed to skip one payment per
qualifying loan in either April or November. This skip is for one monthly payment or two
bi-weekly payments during the month of April or November. The cost is $25 for the first,
$15 for the second, and $10 for the third qualifying loan. This offer excludes any type of
mortgage loan. You must apply for Skip-A-Payment to take place. Please mail, fax,
e-mail or drop off your coupon to the Credit Union by March 31, 2012 to apply. You may
only apply for Skip-A-Payment once a year.
Skip Payment Coupon
____________________ ____________________ ____________________ ____________________
Print Your Name Member Number Contact Phone Number Loan Numbers
I agree to the terms and conditions for the skip payment(s).
Income Limits Raised For IRA Contributions
Even if you are covered by a retirement plan at work, you may still be able to gain a tax advantage
by contributing to a Traditional Individual Retirement Account. A Traditional IRA can allow you to
set aside funds for the future while you gain a tax deduction. The modified adjusted gross income
(AGI) limit has increased for the 2011 tax year. According to the Internal Revenue Service, for
those with a retirement plan, the deduction for contributions to a traditional IRA is phased out if
modified AGI is:
* More than $90,000 but less than $110,000 for a married couple filing a joint return or a qualifying
* More than $56,000 but less than $66,000 for a single individual or head of household, or
* Less than $10,000 for a married individual filing a separate return.
If you either live with your spouse or file a joint return, and your spouse is covered by a retirement
plan at work, but you are not, your deduction is phased out if your modified AGI is more than $169,000 but less than
$179,000. If your modified AGI is $179,000 or more, you cannot take a deduction for contributions to a traditional IRA.
The modified AGI limit for Roth IRA contributions also has increased for 2011. You cannot deduct contributions to a Roth
IRA, but the money accumulates tax-free, until you make withdrawals. For complete details, contact your tax advisor. To
open or contribute to your IRA, contact the Credit Union.
Mobile Banking Is Here! 2 Chances to WIN $25.00
Introducing a faster way to connect If you find your name hidden in this newsletter next
with your accounts. Now you Inauguration Day to a dollar sign, you win $25.00. Also, you can send
$Penelope C Palermo can easily and Monday, January 9, 2012 us your e-mail address for a chance to win $25.00.
quickly check your balances, recent Dr. Martin Luther King Jr. Day
transactions, and more with the Monday, January 16, 2012 There are two hidden names in this
convenience of your phone - anytime, issue, chosen at random, and we
anywhere. It's an easy way to stay on Mardi Gras must hear from you by 01/31/12
top of your finances. Just go to Tuesday, February 21, 2012 to claim your prize.
mobile.lesfcu.com from your mobile Good Friday
device to get started! April 6, 2012
Board of Directors Credit Union Staff
Florence G. Williams—Vice-President Jackie Patin—CEO Monica Morris—Visa/Loan Officer
Kaye Fournet—Chief Financial Officer Denise Malone—Vice President Fely Landry—MSR
Linda Laporte—Member Cindy Hood—Accounting Supervisor Danelle Cedotal—MSR/Accounting
Katrina Van Fosson—Member Jed Desselle—Loan Supervisor/Collections Debbie Rozas—Teller/MSR
Becky Popovic—Member Karen Hays—Teller
Member eligibility required. Federally Insured by NCUA.