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					                      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).

                                        ________________________________________
                                                        Signature
                                        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
widow(er),
* 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

Larry White—President
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
Calvin Williams—Member

Member eligibility required.                                                  Federally Insured by NCUA.

				
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