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Commonwealth Newsletter

Commonwealth Newsletter


Winter 2005

Countdown to Celebration

The holidays are history, so the countdown is on to the real party of the year: Postal Federal Community Credit Union’s 2005 Annual Meeting and Celebration!

Join us for an evening of festivities, which will include a social, dinner, and the annual business meeting to wrap up the year 2004. In addition to hearing first-hand the results of the elections to our Board and volunteer committees, you will enjoy the opportunity to win valuable prizes!

Want Big Fun? Get a Big Toy
For big excitement, big fun, and for making a big splash, you need a big toy—like a fabulous watercraft! You just can’t beat a great boat for great times with friends and family—and you can’t beat the great-rate watercraft financing from PFCCU.

Get both in one stop, at the Power Boat Show 2005. PFCCU will be right at the show to provide unbeatable financing for the watercraft of your choice.

So come out to the show to get ready for big fun with great low PFCCU rates on the big toy you have been dreaming about!

Power Boat Show 2005
February 10-13, 2005
Ozark Empire Fairgrounds E-Plex
I44 & Hwy 13 in northwest Springfield
See us at Booth #22!

Welcome Our New Executive Vice President, Craig Tabor

Craig Tabor has joined PFCCU, 1983 E. Seminole, in the position of Executive Vice President. As EVP, Tabor will be responsible for assisting with the overall management of the credit union. This includes acting as Chief Financial Officer of the credit union, as well as overseeing all operations of the lending, accounting, marketing, business development and branch operations departments.

Tabor has over 15 years of credit union management experience with credit unions in Texas and Colorado. He has a Bachelor of Business Administration in Accounting from Angelo State University, San Angelo, TX and more recently has completed Southwest CUNA Management School and was awarded the Certified Credit Union Executive designation. Tabor says, “I am a firm believer in the credit unions’ philosophy of People Helping People, and I want to help our members realize their financial dreams.”

 

F.Y.I.

For Your Protection

To help protect our members from identity theft, we wanted to assure you that PFCCU will never ask for your password in an email message. If you ever receive an email that appears to be from PFCCU and it is asking for your password, please do not reply to the message with your password because this message is not coming from PFCCU.

Who is Your Life Savings Insurance Beneficiary?

Primary members of a Postal Federal Community Credit Union savings account are eligible for Level Term Life Insurance. The amount of your insurance is based on the insured balance of your savings on the date of your death and how old you were on the date of each deposit that makes up that balance. If you maintain an account balance of $2,000 or more, your beneficiary could receive a maximum death benefit of $2,000. At the time you opened your account, you would have designated a beneficiary to receive this benefit. Do you know who your beneficiary is? Has a long time passed or have you had changes in your life that would affect your designation of beneficiary? Please call or stop by one of our offices to verify your beneficiary and to get details on this insurance. The beginning of a new year is a good time to make sure that your account is in order.

Open the Door to Opportunity

Here’s your opportunity to learn the ins and outs of home buying from the experts, at PFCCU’s Homebuyer’s Seminar. Learn about appraisals, financing options, and much more from the people who know best.

We know buying a home can be a challenge, so get the advice you need to make buying your next home as easy as possible. Don’t miss this educational seminar. For more information, and to reserve your seats call us at 417-887-1983.

Homebuyer’s Seminar

Tuesday, March 29, 2005
The Library Center Auditorium 6:30 p.m. – 8:00 p.m.
4653 South Campbell in Springfield

COLLEGE STUDENTS: That FREE credit card gift may cost you!

Every college student has stories about the free goodies they took home when they applied for their first credit card. Whether it was a logo sweatshirt, free pizza coupons, or even free cell phones, almost every student can relate. Here are a few reasons NOT to give in to the credit card companies:

1. A credit card is NOT free money; you have to pay it all back, PLUS interest.
2. Small Print: the initial 6.5% interest rate is tempting, but don't forget to read the small print to find out what the rate will increase to after a few months!
3. Making minimum monthly payments does nothing for your account because you are only adding more and more interest to the same balance!
4. It could take you 40 years to pay off if you make only the minimum payment every month.
5. If you already owe money on a school loan, $5,000 in credit card debt can make your credit report look rough. It could even hurt your approval for future loans.

Treating a credit card as a convenience item that you pay off every month is the best way for you to save money. Talk to your parents about a PFCCU Account and credit card with a low limit. It gives you convenience without the sneaky tricks of some credit card providers. And you can track all of your transactions and pay your bill online.

The Ruzan Gist Postal Federal Community Credit Union NEW ATTITUDES Scholarship Program

Postal Federal Community Credit Union will award three non-renewable $1,000 scholarships this year to graduating high school seniors. To apply for the scholarship, applicants must be a graduating high school senior and a member of PFCCU and the New Attitudes Club as of February 14, 2005. All of the requested documents must be included and the application must be postmarked no later than April 1, 2005.

Click here to download an application, or pick up your application today at any PFCCU location or call 417-887-1983 to request that an application be mailed to you.

Financing Your College Education:
An Educational Seminar for Parents and Students

There are so many things to learn before you can get ready for higher learning. How to finance your college education is one of the most challenging. Postal Federal Community Credit Union is holding a seminar to help you learn all about federal student loans and other financing options.

This educational session is a don’t-miss for parents and college bound students. Plus, the Ruzan Gist 2005 Postal Federal Community Credit Union NEW ATTITUDES Scholarship applications will be available for you to pick up at the seminar. For more information and to reserve your seat by January 21, call us at 417-887-1983.

Barclay Auditorium
in the City Utilities Training Center

Just north of the City Utilities main office building at 301 E. Central in Springfield
6:30 p.m. - 8:00 p.m.
Tuesday, January 25, 2005

The Number to Know

Knowing how to find your PFCCU routing number can be instrumental in making sure many types of transactions happen smoothly. For example, when you sign up for direct deposit or want your tax refund deposited into your account, you will need to identify this routing number, which is 286582805.

You can find the 9-digit routing number at the bottom of your checks, along with your 14-digit account number.

Money & Stuff
by Gary Thomas, Members Financial Services Representative

Happy New Year, everyone!

I am making some changes in the New Year. I AM NOT GOING ANYWHERE; I am just making a change in the firm that serves my accounts. As of January 1, I will be changing from CUNA brokerage to Securities America, Inc. brokerage.

For those of you who have life and annuity contracts along with those who have investments with me, you will be receiving a letter asking if you want to keep me as the person to service your contracts and investments. Let me explain what this means. I will still be here and want to service your contracts and investments. When you get the letter if you have questions about the content, please call me. If you do not want me to service your contracts you will have to make all requests for any service by using the 800 number for the CUNA Mutual home office service area. If you do want me to continue service for your contracts nothing will change for you. You will still be able to call or come by my office here in the Credit Union where I will address any questions, requests or needed forms to get done what you want to do. For those who have investments with me, the letter you receive will not be from CUNA but rather from Securities America, Inc., as the new brokerage firm that I will be doing investments through. Again if you have any questions about the content of the letter, please call me.

Now for the good stuff, Kadie and Ethan are just fine and growing. Christmas was kind of hard as they have everything. Ethan is into unwrapping! It does not matter what is inside the box. He has great enthusiasm for unwrapping! Kadie is into going to the dollar store. She gets a star (sticker) every day she is good and when she gets 5 stars in a row she gets to go to the dollar store. It's probably good that I don't get to give her stars. She would get to go every day!

The change to Securities America, Inc. as of January 1, 2005 will be a very good one for you, the members as I will have many more products and services to offer. Remember, if you have any questions about this move or about your contracts or investments, please call me. Your questions are VERY important and I want the opportunity to address them. I have been here for 10 years now, so I hope you know where I am. My extension is 227.

Representatives are registered through, and securities are sold through, CUNA Brokerage Services, Inc. (CBSI), member NASD/SIPC, 2000 Heritage Way, Waverly, Iowa 50677, toll-free (866) 512-6109. Insurance sold through licensed CUNA Mutual Life Insurance Company representatives, and in New York, licensed insurance representatives of other companies. Non-deposit investment products are not federally insured, involve investment risk and may lose value, and are not obligations of or guaranteed by the credit union. CBSI is a registered broker/dealer in all fifty states of the United States of America.

Note from the President
by Steve Pierson

There was a time in my life when a year like 2005 seemed futuristic to me—maybe even cold and unwelcoming. Everything was bound to be high-tech. Our world would be virtual reality. Nothing would be the same. So, now that the year 2005 is actually upon us, I find, to my great relief, that things are still much like they were. Families still spend time together. Kids still play in the neighborhood. And your credit union is still serving its original purpose of providing low-cost financial services.

Having said all that, I do have to say that a lot has changed. Things actually have become high-tech, but in a way that integrates with our lives. Online banking and bill payment saves hours each month for families all over southwest Missouri and across our country. Networks of ATMs give people access to cash almost anywhere. People can be in the mountains on vacation and use their phone to check in on the latest happenings with their accounts.

It is truly an amazing age—and one that I find welcoming in every respect of the word. I hope you agree. Here at PFCCU, our focus in on finding new ways to make your lives immeasurably easier—whether high-tech, low-tech, or something in between. Please let us know how we may help you and make your new year even better than the last. I wish every one of our valued members and your families a happy 2005.

Record Funds Raised for Children's Miracle Network

Postal Federal Community Credit Union would like to thank all the sponsors and players who helped make The Credit Unions’ Golfing for Kids 8th Annual benefit tournament such a huge success. The tournament raised a record $25,779.55 for Children’s Miracle Network.

Mark your calendars now for the 9th Annual Tournament on September 16, 2005 at Rivercut Golf Course. Call 887-1983 for player and sponsorship information.

Representatives from participating credit unions present the donation check for a record $25,779.55 to Children’s Miracle Network.

Holiday Closings

Monday January 17, 2005 Martin Luther King, Jr. Day

Monday February 21, 2005 President’s Day


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