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Annual
Meeting Results
The
57th Annual meeting of the members was held March 8th at the Central Iowa
Health Care System, Knoxville Division. There were 43 members a 3 guests
in attendance.
The
following candidates were elected to serve on the volunteer Board of Directors
for 3 year terms:
David
Dettmann
Walt
Gearino
Jack
Hackett
Virgil
Richardson
Board
Chair David Dettmann presented the annual report and announced that FECU will
be merging with the Federal Employees Credit Union, Iowa City. FECU
President Mike Whittie presented more details about the upcoming merger and
also related his experiences on a recent trip to Panama to assist credit
unions there by participating in a seminar for Panamanian credit unions
presented by the Iowa Credit Union League.
Refreshments
were served and door prizes awarded to some of the members present.
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Calendar
of Events
4th
Independence Day - All Credit
Union Offices Closed
8th
Board of Directors meeting
18th 200th
Day of the Year - 166 left
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Dividend News
The
Board of Directors has declared
the
dividend rate on all share accounts for the 2ndt quarter of 2008 to be
.50%. The annual
percentage yield is .50%. The minimum balance required to receive
dividends is $50.00. Dividends are calculated daily. Dividends for the 2nd
quarter are paid June 30, 2008.
Accounts
must be open on June 30, 2008 in order to receive a dividend payment. All accounts are insured
to at least $100,000 by the National Credit Union Administration, an agency of
the U.S. Government.
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Get
Your Free Credit Report(s) – No Strings Attached
As a result of the FTC's final ruling under the Fair and Accurate
Credit Transactions Act, you are entitled to a free credit report from the
three major credit reporting agencies every year -- no strings attached.
Equifax, TransUnion and Experian, are each required to provide
consumers, upon request, a free copy of their credit report once every 12
months. The program is rolling
out region-by-region. Residents
in the West and
Midwest
are able to access their reports now; residents of the eastern states will
be eligible on Sept. 1, 2005.
The reports will not automatically be sent out. Each consumer must
request their reports one of three ways.
1) Go to www.annualcreditreport.com,
which is the only authorized source for consumers to access their annual
credit reports online for free.
2) Call 877-322-8228 to request your report(s).
3) Complete the
Annual Credit Request Form, and mail it to:
Annual Credit Report Request Service,
P.O. Box 105281
,
Atlanta
,
GA
,
30348-5281
.
You can order all three credit reports at one time, or at different
times throughout the year. It's your choice. But, be sure to order from
the centralized agency. If you go directly to the credit reporting
agencies, you will be charged unless you fit other criteria for a free
report, such as: you've been denied a loan, insurance policy or job based
on your credit report; you're applying for unemployment or receive public
assistance; and you currently reside in a state that already offers an
annual free credit report from each credit reporting agency (Colorado,
Maine, Massachusetts, Maryland, New Jersey and Vermont.
Georgia
residents are entitled to two free annual credit reports from each credit
reporting agency.)
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PROTECT
YOUR AUTO INVESTMENT WITH GAP
Vehicle
values decline rapidly. That’s why your insurance settlement, in the event
of an accident, may not cover your entire loan balance. Unless, of course, you
have Guaranteed Asset Protection (GAP).
GAP is
designed to eliminate your unpaid auto loan balance in the event your vehicle
is stolen or damaged beyond repair (totaled). GAP supplements your primary
auto insurance coverage.
For the
one-time cost of $250.00, GAP covers the difference between the actual cash
value of your car (primary insurance settlement) and your outstanding loan
balance at the time of your loss, less certain deductions like credit
insurance or service warranty contracts. In the event of a total loss, GAP
will even pay an additional $1,000 toward the purchase of a replacement
vehicle when financed at F.E.C.U.
GAP is
designed for all drivers, whether you finance a new or used vehicle. It may
even cover your insurance deductible – up to $1,000 – as part of your
claim settlement. And, the cost of GAP can be financed with your loan. GAP
keeps you in the driver’s seat!
Call any
credit union office for more information.
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We're
very excited to introduce our teen club: CU Succeed™ - Teens
Financial Network! CU Succeed™ is a great new club for kids age -
13 to 18 years old! Besides accounts and services designed
especially for teens, our new CU Succeed™ teen club features an
informative and entertaining quarterly newsletter AND a super-cool
interactive Web site to help teens learn about money and credit.
On
the CU Succeed™ Web site, you'll even find information on choosing
a college to attend, getting help paying for your education, finding
a great job, planning for a career, and links to other great Web
sites just for teens! To check out the CU Succeed™ Web site, click
on the CU Succeed logo above.
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 Gift
Certificates Now Available
Looking for that
perfect gift for a special occasion? A teen in the family having a
birthday, a graduation present, want to express a special thank you to a
co-worker? As a satisfied member of the Federal Employees Credit
Union, you can now share your membership in your credit union with that
special person in your life.
Purchase a Membership
Gift Certificate at any credit union office for $20.00. Then the
special recipient of your thoughtfulness can bring the certificate to the
credit union, complete the necessary membership applications and then have
$25.00 deposited into their share account.
Then they become an
owner of the credit union and are now eligible to utilize all of our great
member services.
As an added benefit, if
your gift member joins within 60 days from the date on the certificate, they
will be eligible to receive either a free box of checks or a reduction of 1%
on a loan rate of their choice (excluding home equity loans).
Give
the Gift of Membership!
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FRAUD ALERT TO ALL MEMBERS!
The
Federal Employees Credit Union would like to remind all members that
identity theft and fraud has become a very prevalent and active form of
theft in our day to day lives.
We
want to impress upon each member the importance of using extreme caution
and care when debit and/or credit cards are being used at a merchant
location or ATM machine.
We
would also like to remind our members to review your statements in a
timely and careful manner and to take advantage of our online account
access to view your account status, history and all transactions at your
convenience. If
you encounter any discrepancies or transactions that cause alarm or
concern, please contact any one of the three credit union locations during
regular business hours.
If
you have questions or concerns regarding debit or credit card transactions
after regular business hours please call 1-800-234-5354.
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For a
listing of current gas prices in the Des Moines area, visit:
Des
Moines Gas Prices
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