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 - FIRST QUARTER, 2010

Our dividend rates on deposits for the First 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

MARCH, 2010

 

Member Survey:

Please take a few minutes and complete the enclosed Member Survey.  We want to provide the services that you, our member, need, and the survey will let us know what those needs are.  Call us with any questions or comments at (337) 898-1388.

 

DIVIDENDS – FIRST QUARTER

NOTICE - Our dividend rates on deposits for the 1ST 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!

 

 

CONGRATULATIONS TO KASEY LANDRY , Senior at Erath High School, the recipient of the Lafayette Chapter of Credit Unions 2010 Scholarship.  Each year the Chapter sponsors a $2,000 college scholarship for graduating high school seniors and currently enrolled undergraduate college or technical school students.  There were 54 applications received from 11 area credit unions.  A random drawing was held on Monday, March 1, 2010. 

 

Kasey is an excellent student and socially responsible member of the community.  We applaud her outstanding academic and personal achievements.  Kasey’s ability to excel while participating in extracurricular sports and activities is impressive.  In the Fall she plans to attend University of Louisiana at Lafayette to pursue a career in the medical field.

 

We commend the hard work and accomplishments of all of our scholarship applicants.  We wish you all the very best as you graduate from high school and embark upon your college careers.

 

Holidays

We will be closed on Monday, May 24, 2010, in observance of Memorial Day.

 

We will also be closed on Monday July 5, 2010, in observance of Independence Day.

 

 

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

 

FEE SCHEDULE

Loan Processing Fee              $5 per applicant

   (Credit Report)                   

Skip-A-Payment Fee              $25 per loan

Dormant Acct Fee                  $10 annually

                                                (for balances

                                                                less than $25)

Withdrawal of Shares           $5 for each

                                                                withdrawal after

                                                                4 per quarter

Returned Deposited Check (NSF)   $25

Late Loan Payment Fee         $15 after 10 days delinquent

Research Fee                          $20 per hour

                                                (1 hr minimum)

Document Copy Fee                $1 per page

 

 

                  

 

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

 

 

 

MEMBER SURVEY

 

VERMILION SCHOOL EMPLOYEES CREDIT UNION

P. O. Box 848, Abbeville, LA  70511-0848

We ask that you please take a few minutes to complete the following survey.  You can return this to us by mail, courier, fax to (337) 898-6011, drop-off at our office, email to scbeard@kaplantel.net, or call us at 337-898-1388.  The deadline is Friday, April 30, 2010.

In order to better serve you, our member, we would like for you to let us know which of the following services you would like your credit union to offer.                                                                                                                               High Priority    Medium Priority   Low Priority

*       Money Orders      . . . . . . . . . . . . . . . . . . . . . . . . .                                                                                                                                             

*       Share draft accounts (checking) . . . . . . . . . .                                                                  

*       Share Certificates (certificates of deposit) . .                                                                 

*       Debt Consolidation Loans . . . . . . . . . . . . . . .                                                    

*       Pay Day Loans . . . . . . . . . . . . . . . . . . . . . . . .                                                      

*       Share Secured Credit Cards . . . . . . . . . . . . .                                                    

*       Gift cards. . . . . . . . . . . . . . . . . . . . . . . . . . . .                                                       

*       Other ___________________________________________________________________________________________

STAFF:

*       Is the staff courteous and helpful?                                                   ___Yes                   ___No

*       Is the office conducive to confidentiality?                                      ___Yes                   ___No

*       Are you comfortable when you visit?                                              ___Yes                   ___No

*       Other___________________________________________________________________________________________

LOANS:

*       Is the loan process easy?                                                                    ___Yes                   ___No

*       Do you feel the process was done in a timely manner?               ___Yes                   ___No

*       Was the loan processor helpful and prompt when processing

your loan?                                                                                             ___Yes                   ___No

*       Other___________________________________________________________________________________________

SCHOOL VISITATIONS:

*       A credit union employee visits each school once a year.  Do you feel that once a year is

sufficient?                                                                                             ___Yes                   ___No   

Would like it to be more often?                                                        ___Yes                   ___No

Would you prefer not at all?                                                             ___Yes                   ___No

*       Would you like to have a credit union representative at

each school?                                                                                         ___Yes                   ___No

*       Other___________________________________________________________________________________________

HOURS OF OPERATION:

*       Do you feel the hours of operation are adequate?                       ___Yes                   ___No

*       If not, what hours would be more convenient?_______________________________

*       Other__________________________________________________________________________________________

We want your input.  Please indicate any other changes you would like to see:_________________________________________

_______________________________________________________________________________________________