VERMILION SCHOOL EMPLOYEES
CREDIT UNION
ABBEVILLE>

VERMILION SCHOOL EMPLOYEES
CREDIT UNION
ABBEVILLE, LA   70511-0848
Phone  (337)898-1388
Fax      (337)898-6011

Email:  Stephanie Richard--scbeard@kaplantel.net
              Chasity Landry--------clandry@kaplantel.net   
Updated 7/10/07

New and Used Vehicle Loans

Share Savings Accounts

Personal Revolving Loans

Christmas Club Accounts

WE ARE NOW OFFERING VISA CREDIT CARDS AT A LOW FIXED RATE OF 7% (NO ANNUAL FEE).  YOU CAN PICK UP AN APPLICATION AT ANY SCHOOL, OR CALL US AT 898-1388.

We would like to welcome you to our Credit Union.  As an employee of the Vermilion Parish School Board, or as a family member of an employee, you are eligible for membership in our Credit Union.  We are conveniently located in the parking lot of the Central Office (the yellow building at the end of the long brick warehouse), at 220 South Jefferson Street, Abbeville, Louisiana.  Please come by our office and visit us.  Allow us to answer any questions you may have regarding the benefits of becoming a member.

Membership is very affordable.  As we have for many years, our membership charge is $.25, with a minimum deposit of $5 into the account.  Payroll deduction allows for added convenience.  With payroll deduction, you can effortlessly deposit into your share account, make payments on loans, deposit into accounts of family members, or have payments made directly to your Christmas Club account.


 

New and Used Vehicle Loans

CHECK OUT OUR NEW AND USED VEHICLE LOAN RATES!   Our rates are currently as follows, effective April 18, 2007:

  New Vehicle (80% financing)
      36 months                4.00%
              48 months                4.50%
              60 months                5.00%
New Vehicle (100% financing)
    36 months                 5.00%
              48 months                 5.50%
              60 months                 6.00%

    Demo (80% financing)
                36 months                5.00%
                48 months                5.50%
                60 months                6.00%
    Demo (100% financing)
                36 months                6.00%
                48 months                6.50%
                60 months                7.00%

    Program (80% financing)
                36 months                5.50%
                48 months                6.00%
                60 months                6.50%
    Program (100% financing)
                36 months                6.50%
                48 months                7.00%
                60 months                7.50%

    Used (80% financing)
                36 months                7.00%
                48 months                7.50%
                60 months                8.00%

    Used (100% financing)
                36 months                7.50%
                48 months                8.00%
                60 months                8.50%
 


 

Share Savings Accounts

dividends - SECOND QUARTER, 2007

Our dividend rates on deposits for the Second Quarter, 2007, are as follows:

                    $25.00  -  $4,999.99            2.25%
                    $5,000 and above                2.50%

Watch your savings grow in your share account with us!

PLEASE NOTE:  Our dividend rates are subject to change each quarter.

YOUR SAVINGS IS FEDERALLY INSURED TO $100,000 THROUGH THE NATIONAL CREDIT UNION ADMINISTRATION.

 

Personal Revolving Loans

We have signature loans (unsecured) of up to $10,000* (*certain restrictions apply) at an interest rate of 7%.  These loans may be financed up to 36 months (in some instances, up to 60 months).  Loan applications must be completed and approved by our Loan Officer  .  Loan approval remains in effect for up to two years, at which time the loan may be updated upon credit approval.  Call us today for details!
 


 

Christmas Club Accounts

Christmas Club Accounts are now being offered.  Interest on Club accounts will be the same as our regular share accounts, and are subject to change at the end of each quarter.  Interest will be added to the Club account each quarter, and will be shown on the regular quarterly statement.  Payroll deductions for the Club accounts are November 1 through September 1 each year, and checks are mailed the first week in October each year.  Call to find out how to begin your Christmas Club now!
 
 

NEWSLETTER – JUNE, 2007

 

DIVIDENDS - SECOND  QUARTER, 2007
NOTICE - Our dividend rates on deposits for the 2nd Quarter of 2007, are as follows:

$25.00 - $4,999.99       2.25%
$5000 and above           2.50%
WATCH YOUR SAVINGS GROW IN YOUR SHARE ACCOUNT WITH US!

PLEASE NOTE: OUR DIVIDEND RATES ARE SUBJECT TO CHANGE EACH QUARTER.

YOUR SAVINGS IS FEDERALLY INSURED TO $100,000 THROUGH THE NATIONAL CREDIT UNION ADMINISTRATION.

 

IMPORTANT INFORMATION REGARDING LIFE SAVINGS INSURANCE -- Vermilion School Employees Credit Union has a tradition of offering our members rock bottom loan rates and high yields on savings. Time and again, this is what our members tell us they want. To continue meeting this commitment, we are making some changes to help better manage our expenses and align services with your needs.

 

Effective April 30, 2007, we are canceling our Life Savings Insurance group policy — term life insurance we provided at no cost to you on eligible savings deposits. Coverage on existing insurable deposits will end on May 31, 2007, the last day of the conversion period. Please destroy any CUNA Mutual Life Savings Certificate of Insurance at that time. If you have any questions, please feel free to contact us.

 

 

 

 

Check out the New logo - vERIFIED BY VISA Enhance online shopping safety with VERIFIED BY VISA. Once you activate your card, Verified by Visa protects you at every participating online store—so only you can use your card. Go to www.visa.com/shopverified. Your Visa card is password protected, and it's free.

Skip-A-Payment Promotion

IT’S BACK AGAIN! We are currently offering a promotion allowing you to skip a payment on your loan. If you have more than one loan, you can skip a payment for each loan if you choose. Just select the month in which you want to skip—between June 1 and December 1—and we’ll take care of the rest for you. There is only a $15 processing fee per loan to take advantage of this promotion. (Interest will continue to accumulate on your loan during the month that you skip your payment.) Take advantage of this special opportunity to have extra cash on hand for spending or any of your special needs! Contact us to find out how at 898-1388. (Some restrictions apply)

 

 

 

STRETCHED YOUR LAST DOLLAR AS FAR AS IT WILL GO? Cash is available and it’s waiting to be used right NOW! Expenses have a way of piling up and if you could use some extra dollars, we urge that you call or stop in and tell us your needs. Give us a short time to complete the details and, upon approval, the cash will be waiting when you stop in. It’s just that simple. Give us a try today.

 

Holidays

We will be closed on Monday, September 3, 2007, in observance of Labor Day.
 

  LOAN   RATES

Vehicle loan rates are as follows, effective April 18, 2007:

New Vehicle (80% Financing)
36  months  4.00%
48 months   4.50%
60 months   5.00%
New Vehicle (100% Financing)
36 months   5.00%
48 months   5.50
60 months   6.00
Demo (80% Financing)
36 months   5.00%
48 months   5.50%
60 months   6.00%
Demo (100% Financing)
36 months   6.00%
48 months   6.50%
60 months   7.00%
Program (80% Financing)
36 months   5.50%
48 months   6.00%
60 months   6.50%
Program (100% Financing)
36 months   6.50%
48 months   7.00%
60 months   7.50%
Used (80% Financing)
36 months   7.00%
48 months   7.50%
60 months   8.00%
Used (100% Financing)
36 months   7.50%
48 months   8.00%
60 months   8.50%

TELEPHONE US AT 898-1388  

DID YOU KNOW that the Credit Union carries **loan protection insurance of up to $15,000 at no cost to our members if you have a loan with us?

Find out about this insurance by calling us at 898-1388.

 

 

Second chance loan promotion Bad credit? No credit? Well, here’s your SECOND CHANCE. We are now offering the SECOND CHANCE LOAN PROMOTION. Members who are on payroll deduction with the Vermilion Parish School Board may borrow up to $500, to be repaid in 6 months, at a rate of 12% interest, with NO CREDIT CHECK. Call 898-1388 today to find out more (certain restrictions apply).

 

 

We can now take deposits directly from the retirement system. If you are interested in having your monthly retirement check deposited directly into your account here, give us a call and we can tell you how.

GOOD HABITS PROTECT YOUR PLASTIC CARDS AGAINST FRAUD. . .

Plastic card fraud statistics are up, and much of the fraud comes from criminal activities we can’t control. But safeguarding your cards—and your identity—from the risk of exposure starts with keeping constant control of your cards, card numbers, and any other information about your finances. Make good habits and stop bad ones to minimize your card risk. For example, if your card has a PIN (personal identification number), memorize it. Skip easily recognizable PINs such as the last four digits of your Social Security number or phone number. Also, carry only cards you are going to use and leave all other cards in a safe place at home. Providing your personal and financial information to anyone can lead to ID theft and phishing attacks. Know whom you are dealing with. When it comes to card safety, if you don’t practice good habits, you’ll pay. The good news is practicing good habits goes a long way to keeping you and your cards safe.

 

Did you know . . . . . . . . .
Did you know that you can enroll family members into the Credit Union?  We are always looking for new members. If you have a family member who would like to join, let us hear from you!

TELEPHONE  (337) 898-1388
FAX #            (337) 898-6011

VISIT US AT OUR WEBSITE:
Our new website is located at http://www.vrml.k12.la.us
Click on District Info
Then click on Employee Credit Union
You can email us at scbeard@kaplantel.net
for Stephanie, or clandry@kaplantel.net
for Chasity.  We would love to hear from you.

 

Board of Directors
Curtis Bufford, President
Clyde Webb, Vice President
O. J. Dore, Treasurer
Norma C. Deshotels, Secretary
Cynthia Ruffins

Clarence Moss
Randall K. Lege
Mike Petry
Craig Hebert