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Sabine Federal Credit Union

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									MONEY SENSE
APRIL 2010 • SABINEFCU.ORG
COVER                 Give your life a makeover with a home equity loan from
STORY:                Sabine Federal Credit Union. next page ®


                                                       Contents:
                                                       Lobby Open Late On Thursdays . . . . . . . . . . . . . . . . . . . . 3
                                                       What is Home Equity?. . . . . . . . . . . . . . . . . . . . . . . . . . . 3
           www.sabinefcu.org                           Free Credit Reports . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
1939 Strickland Dr.  P.O. Box 3000                     Pass Up Payday Loans . . . . . . . . . . . . . . . . . . . . . . . . . . 3
Orange, TX 77630 Orange, Texas 77631
 (409) 988-1300     1-888-319-SFCU                     Recreational Merchandise Loans . . . . . . . . . . . . . . . . . . . 4
                                                       Help our Youth Get in the savings game! . . . . . . . . . . . . . . 4
      Proud of Our Past,
                                                       Guard your plastic cards . . . . . . . . . . . . . . . . . . . . . . . . . 4
    Committed to Our Future
                                                       Financial Education With Local High School . . . . . . . . . . . 5
Board of Directors     Lobby Hours
Charles Atkinson       Monday - Friday:                Green Day at LSC-O . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
 Chairman                8:30 a.m. - 5:00 p.m.         Enjoy the Benefits of E-Statements . . . . . . . . . . . . . . . . . . 5
Ronnie Hutchison       Thursday:
  1st Vice Chairman      8:30 a.m. - 6:00 p.m.         62nd Annual Meeting . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Bill Bradley                                           2010 Board of Directors and Supervisory Committee . . . . . 6
  2nd Vice Chairman    Drive In Hours
Charlotte Foreman      Monday - Friday:                Shared Branching-Your Link to More Locations . . . . . . . . . 7
  Secretary              8:00 a.m. - 5:00 p.m.
                       Thursday:                       Update to Funds Availability Policy . . . . . . . . . . . . . . . . . . 7
Miles Hall
                         8:00 a.m. - 6:00 p.m.         Credit Union Remaining Holidays . . . . . . . . . . . . . . . . . . . 7
  Treasurer
John Read
T.W. Permenter
                                                       IRAs: They're not just for Retirement anymore. . . . . . . . . . . 7
George Barron
                       Federally Insured by NCUA
                                                       Financial Education for the Christian Women's Job Corps . . 7
Money Sense Editor
Maureen McAllister
                       Equal Opportunity Lender.                      Find the SFCU Fan page on
Money Sense            We do business in accordance
Assistant Editor
                       with the Federal Fair Housing
                       Law and Equal Credit                           Facebook!
Chrissy Sorge          Opportunity Act.
                              DON’T FORGET... OUR LOBBY IS NOW
                              OPEN UNTIL 6:00 pm on Thursdays



     What is home equity?
     Equity is the difference between what your home is worth and what you owe. A home equity loan allows members
     to borrow money that is secured by their homestead. You may apply to borrow up to 80% of your home's market
     value less any outstanding liens.


     What can I use the loan
     Proceeds For?                                                                                     What Else?
                                                                                        b competitive fixed rates
     Home equity loans can be used for just about any
     reason. Consolidating bills, college tuition, vacations,                           b no application fee or closing costs
     and home improvements are some of the purposes for                                 b peace of mind knowing you’re with a
     which these loans can be used.                                                       local lender
                                                                                        b repayment terms up to 240 months
     Example Terms for 1st Lien Loan: For a loan amount of $30,000 with an annual
     percentage rate of 5.25%, financed for 120 months, the monthly principal and         depending on the amount borrowed
     interest payment would be $321.88.                                                 b online home equity loan application
     *Home equity loans are available to qualified members only.                          checklist
     *Home equity loans exclusive to Texas property only.




FREE CREDIT REPORTS                                                                 Pass up payday loans
   All U.S. consumers are entitled to receive one free credit report per               Payday lenders charge interest rates from 300% to 1,000%.If
year. Please be aware that there are many agencies which claim                      you're strapped for cash and feel desperate, visit the credit union
to offer a free credit report, but really charge a monthly fee or service           instead.
charge. There is however one truly free way to get this. You may                       We offer alternatives with fair terms and low rates, such as short-
request your free credit report by phone (1-877-322-8228), online                   term signature loans and low-cost cash advances.Stop by or call
(www.annualcreditreport.com), or by mail (Report Request                            today.
Service, P.O. Box 105281, Atlanta, Georgia 30348-5281.) Once                           During tough times, we can help.
received, there are three important pieces of information to check:
identifying information (name, address, current employment,
social security number, date of birth, and spouse’s name), debt
(verify that it is yours and that all matters are correctly marked
closed or resolved if applicable), and payments (be sure balances
are accurate and payment history is correct). Report any
discrepancies to the credit bureau immediately.

APRIL 2010                                                                                                                                             3
  HELP OUR YOUTH GET IN THE SAVINGS GAME!
                                      Visit Sabine Federal Credit Union       Union National Association) will give away $100 to ten credit unions.
                                   the week of April 19-23 and help us        If our Credit Union is chosen, we will give the money to one randomly
                                   celebrate National Credit Union Youth      drawn winner from the Savings Challenge entries.
                                   Week. Sabine Federal Credit Union             ALL YOUTH MEMBERS AGES 0 – 19: All youth members will have
                                   will show youth and teens how to get       a chance to “Be a Millionaire for a Day”. There will be a jar of pennies
                                   in the savings game. Stop by our           in the credit union lobby. The closest correct guess as to the number
                                   lobby for:                                 of pennies will win the dividends earned on a million dollars in a
                                      ALL MEMBERS: Enjoy cookies              twenty-four hour period.
                                   and punch in the lobby from 3:00 –            NEW SCOTTIE SAVERS & CUT$: The first 50 members to join
                                   5:00 p.m. each day this week. This         Scottie Savers or CUT$ will receive a goodie bag. This means it can
                                   display table will also contain skittles   be a new account, or regular account converting to a Scottie Saver or
                                   and brochures full of financial tips.      CUT$. The goodie bags will be filled with things like skittles, a pennant
   SCOTTIE SAVERS (youth club for members ages 0 – 12): Scottie               pencil, post-its, a puzzle ruler, as well as educational and fun money
Savers will get double Scottie bucks this week.                               matters brochures. And remember, Sabine Federal Credit Union
   CUT$ (teen club for members ages 13 – 19): CUT$ members will               membership is open to all your family members.
get to enter a special drawing for a Visa gift card given away at the end
of this week.
   ALL YOUNG MEMBERS AGES 0 – 12: All members ages 0 – 12 can
enter to win a piggy bank and see thru zip pouch. We will give away               GUARD YOUR PLASTIC CARDS
two each day this week.
   ALL TEEN MEMBERS AGES 13 – 19: All members ages 13 – 19                        Sign new credit cards with permanent ink as soon as you receive
can enter to win a water bottle and shoe caddy. We will give away two             them. If your card has a PIN, memorize it. Skip easily
each day this week.                                                               recognizable PINs such as the last four digits of your Social
   ALL YOUTH MEMBERS AGES 0 – 19: All youth members ages 0 –                      Security number or phone number.
19 will have a chance to win the “Savings Challenge”. CUNA (Credit


4                                                                                                                           Money Sense
SABINE FEDERAL CREDIT UNION PARTNERS WITH
ORANGEFIELD HIGH SCHOOL TO OFFER FINANCIAL
EDUCATION CLASSES TO SENIORS
                                                                                         • Select strategies to use in handling credit and managing their
                                                                                           debt
                                                                                         • Demonstrate how to use various financial services
                                                                                         • Create a personal insurance plan
                                                                                         • Examine how their choice of career and lifestyle will affect their
                                                                                           financial plan
                                                                                         Along the way to learning these seven lessons, students also learn
                                                                                      dozens of related skills, all designed to help them see how easy and
                                                                                      important it is to manage their resources.The NEFE High School
                                                                                      Financial Planning Program was developed by teachers and financial
                                                                                      professionals who know how to move students from knowledge to
                                                                                      the kinds of positive action that will help them begin their financial
                                                                                      lives on the right foot.In addition to providing the NEFE High School
                                                                                      Financial Planning Program to Orangefield High School, Sabine
                                                                                      Federal Credit Union representatives visited several economics classes
Sabine FCU Representatives Maureen McAllister, Chrissy Sorge, and Wanda McGraw give   to give them a “real world” financial experience presentation. “The
a real world financial experience presentation to Orangefield High School teacher,
Veronica Johnson’s economics’ class
                                                                                      Real World – Orange”, was an interactive, fun learning experience for
                                                                                      the teens. As the session began, each teen was given a card which
   With materials provided by the National Endowment for Financial                    listed their “job”. They then went through a list to determine their
Education (NEFE)’s High School Financial Planning Program®                            housing, utilities, cable, Internet, cell phone, car, gas, and insurance.
(HSFPP), students are offered a program about managing money                          The expense for each of these items was then deducted from their
that turns learning into action!                                                      “paycheck”. Of course, in the real world, additional expenses do
   The NEFE HSFPP was designed and developed around a special                         come up, so the teens drew cards and discovered they had a flat tire,
type of education called performance-based learning. With                             had to take a sick dog to the vet, had to buy a friend’s birthday
performance-based learning, students take what they learn and apply                   present, etc. These cards were especially fun for the teens, as the
it directly in the course of each unit. Carefully designed exercises and              withdrawal cards had accompanying props which they got to keep.
activities move the student step-by-step toward each of the seven core                In the end, the teens learned to be a little more careful when spending
competencies that the program teaches. In the process, students                       their money, as well as to appreciate the money that their parents
   • Create their own financial plan                                                  have to spend. Sabine Federal Credit Union is proud to provide
   • Create their own budget                                                          financial education and support our local schools. It’s all another
   • Propose a personal saving and investing plan                                     step to help fulfill the credit union motto of People Helping People.




                       GREEN DAY AT LSC-O                                                                         ENJOY THE BENEFITS
                                                                                                                  OF E-STATEMENTS
                                                          Sabine Federal Credit Union recently
                                                       participated in Green Day at Lamar State                   • Safe and Secure
                                                       College-Orange. Green Day is an annual                     • Faster Delivery
                                                       event, usually held on St. Patrick’s Day.                  • 24-months Available
                                                       The college students enjoy free food and
                                                                                                                  • Easily Printed for Permanent
                                                       live music, while browsing tables for
                                                       student organizations. Sabine Federal                        Records
                                                       Credit Union set up a table too and                        • Accessible from Any PC with
                                                       offered free giveaways and financial                         Internet Access
                                                       education materials.
                                                                                                                  And it’s the only service to give
                                                                                                                  you front and back images of
APRIL 2010                                                                                                        cleared checks!                   5
62nd annual meeting
  Sabine Federal Credit Union held its 62nd Annual Meeting on March 1, 2010
at the VFW Hall in Orange. The Annual Meeting is a time where members get
to visit with one another and hear about the financial status of the Credit Union.
  Members enjoyed a buffet dinner and complimentary gifts. Random drawings
were held benefiting seven members who won cash prizes. Congratulations to
Arliss Castle ($50 winner), Glindia Hussey ($50 winner), Betty Derrick ($100
winner), Sandra Zylks ($100 winner), Betty Franks ($200 winner), Felecia
McCarver ($200 winner), and Darla Tolliver ($300 winner).




2010 BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE

       Sabine Federal Credit Union would like to
    introduce our 2010 Board of Directors: Seated
    (left to right): John Read, Charlotte Foreman
    (Secretary), and George Barron.Standing (left to
    right): Ronnie Hutchison (1st Vice Chairman),
    Miles Hall (Treasurer), Charles Atkinson
    (Chairman), Bill Bradley (2nd Vice Chairman),
    and T.W. Permenter. Our 2010 Supervisory
    Committee is Robert Dupree (Chairman),
    Charlotte Foreman, Jon Barnette, Byron Franks,
    and Bill Hughes.




6                                                                                    Money Sense
SHARED BRANCHING – YOUR LINK TO MORE LOCATIONS
   In today’s busy lifestyle, we know that convenience is a top priority. That’s why Sabine Federal Credit Union has
joined a national network of cooperative credit unions called shared branching. This will give our credit union members
easy access to their accounts at thousands of locations nationwide. At these locations, members can deposit, withdraw,
or transfer money. Members can also make loan payments. Simply choose the participating credit union that is most
convenient to conduct financial transactions just as you would at Sabine Federal Credit Union. All members need is their
account number, identification, and the name of our Credit Union. Take a moment and go online to
www.cuservicecenter.com to locate over 4,000 credit unions participating nationwide in the shared branching network.




UPDATE TO FUNDS                                                                        CREDIT UNION HOLIDAYS
AVAILABILITY POLICY                                                   April 2, 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . Good Friday
                                                                      May 31, 2010. . . . . . . . . . . . . . . . . . . . . . . . . Memorial Day
                                                                      July 5, 2010 . . . . . . . . . . . . . . . . . . . . . . Independence Day
  The final consolidation of the Federal Reserve check-
                                                                      September 6, 2010 . . . . . . . . . . . . . . . . . . . . . . . . Labor Day
processing regions has occurred, resulting in a single check
                                                                      November 11, 2010 . . . . . . . . . . . . . . . . . . . . . Veterans’ Day
processing region in the United States. As a result of this
change, all deposited checks will be considered local and             November 25, 2010 . . . . . . . . . . . . . . . . . . Thanksgiving Day
there will no longer be any checks that are nonlocal for              November 26, 2010 . . . . . . . . . . . . . . . Thanksgiving Holiday
purposes of your Credit Union's funds availability policy. That       December 23, 2010. . . . . . . . . . . . . . . . . . Christmas Holiday
means that instead of a five-day hold, there will only be a           December 24, 2010 . . . . . . . . . . . . . . . . . . . . Christmas Eve
two-day hold in most cases where holds are placed.




IRAs: THEY’RE NOT JUST FOR RETIREMENT ANYMORE
  Individual retirement accounts may come in handy before retirement!
  You may qualify for penalty-free withdrawals for:
  • HIGHER EDUCATION - Tuition, fees, books, supplies, and room and board … for you, your spouse, your children, or grandchildren.
  • PURCHASE OF A HOME - Down payment, building, rebuilding, financing, settlement, or closing costs … for you, your spouse, one of
     your children, a grandchild, or a parent.
  If you already have an IRA, don’t forget to keep your beneficiaries updated.




FINANCIAL EDUCATION FOR THE
CHRISTIAN WOMEN’S JOB CORPS
  The Christian Women’s Job Corps has recently opened for business in Orange. This
organization strives to give women a hand up, not a hand out. The program offers free
classes to women in order to better equip them to move from dependency to self sufficiency
by providing job and life skills training. Sabine Federal Credit Union has partnered with
the Christian Women’s Job Corps to offer financial education classes for the twelve week
course. Some of the topics covered were financial plans, savings tips, checking account
management, budgeting, and the importance of credit scores and credit reports.


APRIL 2010                                                                                                                                              7
                                                                                                                PRSRT STD
                                                                                  P.O. Box 3000
       KIDS’ PLAY AREA                                                            Orange, Texas 77631-3000
                                                                                                                  PAID
                                                                                                                U.S. Postage

                                                                                  www.sabinefcu.org            Permit No. 10
Sabine Federal Credit Union has always valued our young
members, with our Scottie Savers Club and CUT$ (Credit                                                         Beaumont, TX
Union Teen $avers) Club having many special events
throughout the year. We have recently added a children’s
play area just off of the
lobby so that children have
a place to play or read
books while waiting for their
parents. The area also
contains a bulletin board
which lists upcoming
activities and events for the
two clubs.




   Thanks to our members and readers of The Orange Leader for voting us
   BEST CREDIT UNION in Orange County for the 5th year in a row! Also
   in 2010, we were voted Best Place for Auto Loans, Best Place for Home
   Improvement Loans, and Best Place for Home Mortgage Loans.


                             COLLEGE PLANNING SEMINAR
                             With special guest speaker, Brianne Moreau (Recruiter for Lamar State College – Orange)
                             Date: Tuesday, April 13th Time: 6:00 p.m. – 7:30 p.m. Place: Sabine Federal Credit Union
                             Refreshments will be served. Due to limited seating, RSVP is required.
                             To RSVP, contact Chrissy Sorge at 409-988-1325 or csorge@sabinefcu.org

								
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