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CREDIT UNION P. O. Phone (337)898-1388 Fax (337)898-6011 |
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Email: Stephanie Richard--hfhf Chasity Landry--------clandry@kaplantel.net |
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New and Used Vehicle Loans |
·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
We would like to welcome you to our Credit Union. As an
employee of the
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.
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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.
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Share Savings Accounts |
dividends - THIRD QUARTER, 2011
Our dividend rates on deposits for the Third Quarter, 2011, are as follows:
$25.00 -
$4,999.99
0.25%
$5,000 and
above
0.50%
Watch your savings grow in your share account with us!
YOUR
SAVINGS IS FEDERALLY INSURED TO $250,000 THROUGH THE NATIONAL CREDIT UNION
ADMINISTRATION.
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Personal Revolving Loans |
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Christmas Club Accounts |
NEWSLETTER
SEPTEMBER, 2011
GRAND OPENING!!
Join us for the Grand Opening Celebration of our new
location at 107 South Louisiana Street, on Wednesday, November 9, from 3:00 –
6:00 p.m. Ribbon cutting ceremony will
be at 4:30. Refreshments will be
served. Drawing for
door prizes: 1st - $300; 2nd
- $200; 3rd - $100 (only share account
holders and joint share holders eligible). Certain
restrictions apply
We are proud of our new
facility and would love for you to see it!
DIVIDENDS –
THIRD QUARTER
NOTICE - Our dividend
rates on deposits for the 3RD Quarter of 2011 as follows:
$25.00 - $4,999.99 0.25%
$5000 & above 0.50%
PLEASE NOTE:
OUR DIVIDEND RATES ARE SUBJECT TO CHANGE
EACH QUARTER.
LEAGUE
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 ap
ply. Additional information and
applications will be available at the credit union beginning October 1,
2011. Applications will be accepted until January 31, 2012.
Holidays
We will be closed on
the following holidays:
Wednesday, November 23
– Thanksgiving
Thursday, November 24 –
Thanksgiving
Friday, November 25 –
Thanksgiving
CHRISTMAS HOLIDAY SCHEDULE:
Wednesday, December 21 Open
Thursday, December 22 Open
Friday, December 23 Closed
Monday, December 26 Closed
Tuesday, December 27 Open
Wednesday, December 28 Closed
Thursday, December 29 Closed
Friday, December 30 Closed
Monday, January 2 Closed
Tuesday, January 3 Closed
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
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 $25 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)
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!
GET YOUR CREDIT CARD WITH US! We are now offering VISA cards to our members at
the low interest rate of 7%, with NO ANNUAL FEE! FREE BALANCE
TRANSFERS!! Take advantage of this special offer
now. All you have to do is complete our
credit card application, and we take care of the rest for you. Give us a call today. **must meet loan policy guidelines for Credit Cards
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.
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.
FEE SCHEDULE –
EFFECTIVE OCTOBER 18, 2010
VISA CREDIT CARD:
Late Payment Fee $20.00
Return Check Fee 25.00
Cash Advance Fee 1.00
Document
Fee 2.00 for each copy
Documentation Fee 10.00
New Card Fee 10.00
Replacement Card Fee 65.00
CREDIT UNION FEES:
Loan Processing Fee
(Credit Report)
$ 5.00 per applicant
Skip-A-Payment Fee $ 25.00 per loan
Dormant Account Fee $10.00
Annually for balances
of less than $25
Withdrawal of Shares
5.00 for each withdrawal after 4 per
quarter
Returned Deposited
Check (NSF) $25.00
Returned ACH (NSF) $25.00
Late
Loan Payment Fee $15.00
(after 10 days
delinquent)
Research
Fee $20.00 per hour (1 hr. minimum)
Document Copy Fee $ 1.00 per page
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