E X C H A N G E                                                                               SUMMER 2006 EDITION

University of South Alabama
Federal Credit Union
103 Hillcrest Road
                                                                                                      HOME BANKING
Mobile, AL 36608
Board of Directors:
                                                                                                       AT USA FCU!
 Chuck Warnol                                                                                         Your credit union now offers home banking with Cue-
Vice President                     HOLIDAY CLOSINGS, 2006                                          Branch. Cue-Branch provides you with online internet
 Ben Tipton
Secretary                      Tuesday, July 4, 2006 ................Independence Day              access to your credit union accounts when you need
 Scherita Mixon                Monday, September 4, 2006..................Labor Day                it…24 hours a day, 7 days a week. Check your account
Treasurer                                                                                          balances, transfer funds, view/print account history,
                               Thursday, November 23, 2006 ..Thanksgiving Day
 Polly Stokley                                                                                     request a check, print a loan application, order new
 Wayne Davis                   Monday, December 25, 2006 ........Christmas Day                     checks, and much more.
 Pamela Henderson              Monday, January 1, 2007...............New Year’s Day                Signing up is simple:
 Steve Simmons                                                                                     1. If you are currently a user of the credit union’s voice
Management and Staff:
                                             Aye mate!                                                response system, TellSouth, with the capability of
                                                                                                      transferring funds, you can self-register at our
 Betty Gorham                 Discover low rates at USA FCU!                                          website at www.usafedcu.com and click on the home
Assistant Manager             During our “Discover Low Rates Days ” we are                            banking link. Then click on “Register Now” under the
 Felicia McKee                                                                                        New Users menu. Your user ID is your account
Bookkeeper:                   financing new and used autos and boats to give
                              you lower payments and less cost We’ll even                             number. During the registration process, you will be
 Ting Lowe
Loan Officers:                pay off your elsewhere financed new or used                             prompted to enter your user ID, your social security
 Sandra Bolden                auto or boat loan with a bank finance company                           number, your email address, and your TellSouth PIN
 Cindy Montee                                                                                         number. After you have registered, you will be
                              or dealership
Head Teller                                                                                           prompted to create a password. Instructions for
 Stacy Barnhill               (Depending upon credit qualifications, your rate might                  creating a password will appear on the same page.
Teller: Doris Martin          be as low as:)                                                          You will need a password for future log-ins.
Teller: Joan Sluder                     New & Used Autos & Boats                                   2. Or, if you do not have transfer capabilities with
Teller: Leigh McNider
Teller: Corlissa York         . . . . 36 months   . . . . . . . . . . . . . . . . . . .4.40% APR      TellSouth, just stop by any of the credit union
                              . . . . 48 months   . . . . . . . . . . . . . . . . . . .4.80% APR      branches and sign up.
Phone: (251) 706-0255         . . . . 60 months   . . . . . . . . . . . . . . . . . . .5.30% APR
                                                                                                   THE CREDIT UNION WILL NEVER
Fax:   (251) 706-0299         . . . . 72 months   . . . . . . . . . . . . . . . . . . .5.80% APR
                                                                                                   ASK YOU FOR YOUR USER ID OR
Main (Campus) Lobby Hours:                                              Find the “prize            PASSWORD. PLEASE DO NOT
Monday-Friday                                                           gold coin” in our          DISCLOSE YOUR USER ID OR
 8:00 a.m. - 5:00 p.m.                                                  treasure chest and         PASSWORD TO ANYONE.
Drive-Up Hours:                                                         you could get a
Monday-Thursday                                                         reduction in your          The USA Federal Credit Union is delighted to offer this
 7:30 a.m. - 5:00 p.m.                                                  qualified rate for         FREE service to its credit union members.
Friday                                                                  the duration of
 7:30 a.m. - 5:30 p.m.                                                  your loan!
USAMC Branch Office Hours:        Discover your low rate through July                    st!                       ****PLEASE NOTE****
Monday, Wednesday, Friday                   Other Loan Rates                                             Effective July 1, 2006, members with less than
 8:00 a.m. - 12:30 p.m.                                                                               the credit union’s required minimum share
 1:00 p.m. - 4:00 p.m.
                                        New Furniture & Appliances                                    balance of $25.00 will be charged a fee of from
                              . . . . up to 36 months . . . . . . as low as 10.9% APR                 $.01 to $24.99, whichever is greater, not to exceed
                                                  Unsecured Loans                                     the balance.
                              . . . . up to 36 months . . . . . . as low as 10.9% APR                    Please check
                                                                                                      your statement to
                                                   Get-Away Loans                                     make sure you
                              . . . . up to 48 months . . . . . . as low as 7.90% APR                 have the minimum
                                                  VISA Credit Cards                                   $25.00 balance in
                                         . . . . 8.9% APR/No Annual Fee                               shares.
                                                                                             University of South Alabama
  STATEMENT OF FINANCIAL CONDITION                                                               Federal Credit Union
         AS OF MAY 31, 2006                                                                       PRIVACY POLICY

  ASSETS:                                                                         University of South Alabama Federal Credit Union is owned by its members and run
  Total Net Loans & VISAs                              $13,466,914.32             by a board of directors you elect. You can be confident that your financial privacy is a
                                                                                  top priority of the Credit Union. We are required by law to give you this privacy notice
  Net Investments                                        5,990,936.47
                                                                                  to explain how we collect, use and safeguard your personal financial information. If
  Fixed Assets                                              69,199.43             you have any questions, please contact a staff member at 251-706-0255.
  Land and Building                                        894,092.16
                                                                                  We are committed to providing you with competitive products and services to meet
  Other Assets                                             104,855.73
                                                                                  your financial needs which necessitates that we share information about you to
                                                                                  complete your transactions and to provide you with certain financial opportunities. In
  TOTAL ASSETS                                         $20,525,998.11             order to do so, we have entered into agreements with other companies that provide
                                                                                  either service to us or additional financial products for you to consider.
  Liabilities & equity:
                                                                                  Under these arrangements, we may disclose all of the information we collect, as
  Liabilities (Payables)                                 $ 567,201.78
                                                                                  described below, to companies that perform marketing or other services on our behalf
     Member Deposits:                                                             or to other financial institutions with whom we have joint marketing agreements. To
  Certificates of deposit                                 1,670,150.54            protect our members’ privacy, we only work with companies that agree to maintain
  Share Drafts (Checking)                                 2,063,185.52            strong confidentiality protections and limit the use of information we provide. We do
  IRAs                                                      685,044.00            not permit these companies to send to other third parties the information we provide
  Christmas Clubs                                           404,945.17            to them.
  Regular Shares                                         12,854,002.86            We collect the following nonpublic information about you from a variety of sources
     Equity                                                                       and may disclose all the information we collect to companies that perform marketing
                                                                                  services on our behalf or to other financial institutions with whom we have joint
  Regular Reserves                                          336,491.99
                                                                                  marketing agreements.
  Undivided Earnings                                      1,944,976.25
                                                                                  I From membership and loan applications and other forms, we obtain information
                                                                                      such as name, address, social security number and income.
  TOTAL LIABILITIES & EQUITY                           $20,525,998.11
                                                                                  I From your transactions with us or other companies that work closely with us to
                                                                                      provide you with financial products and services, we obtain information such as your
                                                                                      account balances, payment history, parties to transactions, and credit card usage.
                                              (Reduction in Rate)                 I From consumer reporting agencies, we obtain information such as your
                                                                                      creditworthiness and credit history.
                                                   VISA                           I From verifications of information you provide on applications and other forms,
                                               Credit Card !                          we obtain information from current or past employers, other financial institutions
                                                                                      and other sources listed on the application.
                              Our VISA credit card rate                           We may also disclose information we collect about you under other
                              is an amazing 8.9% APR                              circumstances as permitted or required by law. These disclosures typically include
                              on purchases and cash                               information to process transactions on your behalf, conduct the operations of
advances. Plus, there is no annual fee!                                           our credit union, and follow your instructions as you authorize, or protect the
                                                                                  security of our financial records.
Transfer your elsewhere-financed high interest credit
card balances or other bills to a new USAFCU VISA.                                If you terminate your membership with USA Federal Credit Union, we will not share
                                                                                  information we have collected about you, except as permitted or required by law.
Register to win a new gas grill to be given away July
31st. Earn additional entries for each approved balance                           How We Protect Your Information
transfer to your USAFCU VISA (existing loans at
                                                                                  We restrict access to nonpublic personal information about you to those employees
USAFCU are not eligible for this offer.)
                                                                                  who have a specific business purpose in utilizing your data. Our employees are trained
Apply at any one of our branches, or print and fill in an                         in the importance of maintaining confidentiality and member privacy. We maintain
application from our website at www.usafedcu.com.                                 physical, electronic, and procedural safeguards that comply with federal regulations
                                                                                  and leading industry practices to safeguard your nonpublic personal information.

                          Need Cash?
               Tap the Equity in Your Home
   Need money to buy a vehicle, remodel the kitchen, or take that dream
vacation? Consider using a home equity loan from your credit union.
                                                                                                Don’t Get “PHISHED”
   Your credit union can set up a home equity line of credit whereby you can         One form of “PHISHING” occurs when online crooks steal the
access the funds as you need them, up to a predetermined limit. Money in          Credit Union’s logo and/or copy its corporate image to send phony e-
the home equity line of credit is then made available again as it is paid back.   mails asking you to verify” your account information. If you take the
   The interest rates are very favorable because the loan is backed (or           bait by replying with your private financial information, the “phishers”
secured) by your home. And, in most cases, the interest that you pay on your      use it to steal funds from your account. Remember, your Credit Union
home equity loan is tax-deductible. If a home equity loan sounds like the         will NEVER ask you to “verify” account details by e-mail. We already
solution to your needs, talk to one of our loan specialists at the credit union   have this information! If you receive such an e-mail, DON’T REPLY
today.                                                                            and notify the Credit Union immediately.

To top