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VERMILION SCHOOL EMPLOYEES
CREDIT UNION
P. O. BOX 848
ABBEVILLE, LA   70511-0848

Phone  (337)898-1388
Fax      (337)898-6011

 

Email:  Stephanie Richard--scbeard@kaplantel.net
              Chasity Landry-------clandry@kaplantel.net  

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:

  New Vehicle 
              36 months       80% financing        4.0%
              48 months       80% financing        4.50%
              60 months       80% financing        5.00%

              72 months        80% financing        5.5%

 

              36 months       100% financing       5.00%
              48 months      100% financing       5.50%
              60 months      100% financing       6.00%

              72 months       100% financing       6.50%                  

                       

A vehicle is considered new if it has less than 6,000 miles and is not older than 6 months. 

We will refinance such vehicles at the rates listed above.  Financing may include the cost of the

Vehicle, extended warranty, and tax, title & license.

*If financing over 80% of retail value, OR longer than 60 months, GAP is required.

*100% retail value with tax, title and licensing requires GAP insurance.

 

USED

           36 months        80% Financing               5.00%
                48 months        80% financing                5.50%
                60 months        80% financing                6.00%
   
                36 months       100% financing              6.00%
                48 months       100% financing               6.50%
                60 months       100% financing               7.00%

 All other categories will be classified as used.  No loans will be made for vehicles not listed in the current

NADA edition, which will be the source document to verify value.  Loans will be made up to the retail value

Listed in the NADA book.

*If financing over 80% of retail value, GAP is required.

*100% retail value with tax, title & licensing requires GAP insurance. 


 

Share Savings Accounts

dividends - third QUARTER, 2010

Our dividend rates on deposits for the Third Quarter, 2010, are as follows:

                    $25.00  -  $4,999.99            0.50%
                    $5,000 and above                0.75%

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 $250,000 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!
 
 

VERMILION  SCHOOL EMPLOYEES CREDIT UNION

 

NEWSLETTER

SEPTEMBER, 2010

 

 

DIVIDENDS THIRD QUARTER

NOTICE - Our dividend rates on deposits for the 3rd Quarter of 2010 as follows:

 

$25.00 - $4,999.99 0.50% 

$5000 & above     0.75%

 

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

 

 

              

 

 

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!

 

 

 NCUA SHARE INSURANCE PROTECTION

Recently legislation was enacted making permanent the current $250,000 maximum federal deposit insurance level, which had been temporary until December 31, 2013.

 

Federally insured credit union member accounts are now insured to at least $250,000 by the National Credit Union Share Insurance Fund, a federal insurance fund backed by the full faith and credit of the U. S. Government.

 

 

SCHOLARSHIP

Once again, the Lafayette Chapter of Credit Unions will sponsor a $2,000 college scholarship.  Applications will be accepted from several local credit unions throughout the Acadiana area.  The scholarship is available to graduating high school seniors and currently enrolled undergraduate college or technical school students.  A random drawing among all qualified applicants will be held to determine the recipient.

 

Any member of Vermilion School Employees Credit Union that meets the criteria is eligible to apply.  Additional information and applications will be available at the Credit Union beginning October 1, 2010.  Applications will be accepted until January 31, 2011.

 

 

Holidays

We will be closed on the following holidays:

 

Wednesday, November 24 through Friday, November 26…….Thanksgiving Holidays

 

Our schedule for the Christmas holidays will be as follows:

 

Monday, December 20              Open

Tuesday, December 21             Open

Wednesday, December 22        Closed

Thursday, December 23           Closed

Friday, December 24                Closed

Monday, December 27              Open

Tuesday, December 28             Closed

Wednesday, December 29        Closed

Thursday, December 30           Closed

Friday, December 31                Closed

 

We will also be closed on Monday, January 17, 2011, in observance of Martin Luther King Jr. Holiday.

 

 

OFFICE HOURS

Our office hours are Monday through Friday from 9:00 a.m. until 5:00 p.m.

Telephone:  (337) 898-1388

Fax:  (337) 898-6011

Email:  scbeard@kaplantel.net or

            clandry@kaplantel.net

 

VISIT US AT OUR WEBSITE:

Our new website is located at http://www.vrml.k12.la.us

Click on Credit Union

on the left side of the screen

 

 

BENEFITS OF FINANCING WITH YOUR CREDIT UNION:

1-Competitive rates

2-Payroll deduction – convenience

3-Life Insurance with Total & Permanent Disability Benefit (up to $15,000) at no cost to you

4-Guaranteed Asset Protection (GAP) Insurance for only $95 (one time fee)

5-Fast, friendly customer service

 

We’re here to help you.  Give us a call when buying that new automobile.

 

 

 

WE NOW OFFER GAP (Guaranteed Asset Protection) INSURANCE…..

Putting less than 20% down on your vehicle purchase means you could be “upside down” on your loan-to-value ratio for the next two to three years.  GAP (Guaranteed Asset Protection) helps ease your financial burden by paying the potentially high-cost difference between your insurance settlement and your loan balance on items directly related to the purchase of your vehicle.

 

If you already have a vehicle loan with us, it’s not too late to purchase GAP Insurance.  For $95 you can purchase this protection and have peace of mind.  Give us a call at 898-1388.

 

LOANS

Our Signature (Open-End) Revolving Loans are now a low 7% interest, with a maximum of $10,000 for those who qualify!   Repayment may be up to 60 months (some restrictions apply).   Call us for details.

 

Vehicle loan rates are as follows:

New Vehicle (80% Financing)

36 months or less  4.00%

48 months          4.50%

60 months          5.00%

72 months          5.50%

New Vehicle (100% Financing)

36 months or less  5.00%

48 months          5.50%

60 months          6.00%

72 months          6.50%

A vehicle is considered new if it has less than 6,000 miles and is not older than 6 months.  We will refinance such vehicles at the rates listed above.  Financing may include the cost of the vehicle, extended warranty, and tax, title & license.

 

If financing over 80% of retail value, OR longer than 60 months, GAP is required.

100% Retail value with tax, title & licensing requires GAP insurance.

 

USED (80% Financing)       

36 months or less  5.00%

48 months          5.50%

60 months          6.00%

USED (100% Financing)     

36 months or less  6.00%

48 months          6.50%

60 months          7.00%

All other categories will be classified as used.  No loans will be made for vehicles not listed in the current NADA edition, which will be the source document to verify value. Loans will be made up to the retail value listed in the NADA book.

 

If financing over 80% of retail value, GAP is required.

100% retail value with tax, title and licensing requires GAP insurance.

 

 

BOARD OF DIRECTORS

Curtis Bufford, President                Craig Hebert

Clyde Webb, Vice President            Mike Petry

O. J. Dore, Treasurer                        Lenita Turner           

Norma C. Deshotels, Secretary      Randy Lege

Clarence Moss

 

 

 

                 

 

TRAVELING OUT OF THE COUNTRY?

If you have a VISA card with us, please call us and let us know so we can notify VISA.  This will prevent you from having any problems using your card in a foreign country.  We want your trip to be trouble-free and enjoyable!

 

 

KEEPING YOUR ACCOUNT INFORMATION CURRENT

If you have moved or changed telephone numbers within the last year, we need to know about it.  Please fill out the following form, sign and fax, mail, or drop off at the Credit Union as soon as possible:

To fax:                        (337) 898-6011

To mail: P. O. Box 848, Abbeville, LA 70511-0848

To drop off:  220 S. Jefferson, Abbeville, LA

 

Name:_____________________________________

 

Address:___________________________________

 

City, State, Zip_____________________________

 

Home Phone:    (     )______________

Business Phone (     )______________

Cell or Other     (     )______________

 

 

Member Signature