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Volume 35, Number 2 April 2012 Staff Janet Manning CEO/Loan Officer

Martha Green Assistant Manager

Ann Brooks

Loan Officer/ New Accounts Clerk

Lydia Starks Insurance Clerk/Teller

Barret Looper Student Assistant

Board of Directors Scott Barnes Betty Blodgett David Durr Carmen Garland Larry Guin Dannie Harrison David Kraemer Paul Naberezny Cadelia Turpin Credit Committee Larry Anderson Phyllis Baurer Barry Brown Larry Opperman Jeanette Osborne Supervisory Committee Mary Smith Gayle Vinson Debbie Wagoner Newsletter Linda Pierce Editor HOURS 9:30 a.m. to 4 p.m. Monday –Thursday 9:30 a.m. to 5 p.m. Friday

For your convenience NIGHT DEPOSIT is available


Spring Into Action Now = Enjoy All Summer Long

Is your home a little worse for wear after the long winter? It's time to spring into action to tackle those home improvement projects now so you won't miss out on summer fun. A credit union Home Improvement Loan can make it happen. Interest rates are great and home improvement is a productive use of credit. But should you do-it-yourself or hire a contractor? To decide, consider these factors: 1. Can you do the job? Those home improvement shows on television make even complicated jobs look fast and easy. But consider what you know how to do or can learn to do in a relatively short time. 2. Do you have the proper tools? Tools can be expensive, especially if you have no plans to ever use them again. If you can rent them, you'll need to match your schedule with the rental center's. 3. Do you have the time? Just ask the spouse of any do-ityourselfer: Projects have a way of taking more time than originally estimated. You probably can live without a new deck or window trim for a while; not having access to a bathroom or a kitchen for an extended period can be troublesome. If you answered "no" to any of these questions, hire a reliable contractor. Ask friends for referrals. Once you've narrowed your list, ask your prospects for names of previous customers and contact them to see if they would hire the same person again, and if they would, would they do anything differently. With competitive rates, flexible terms and easy repayment with automatic transfers from your checking or savings account, financing your project at the credit union may be the easiest decision you will need to make. For more information and to apply, contact the credit union.

It's Time To Wake Up Your Dormant Accounts

Spring has sprung and it's time to wake up those dormant accounts. Do you have a savings account or checking account at the credit union that hasn't been used in the past six months or more? If you do, please consider reactivating it by making some type of transaction (a withdrawal or deposit). If you have no further use for the account, please close it and transfer the funds to an active account. Dormant accounts are a drain on the credit union's resources which means they are a cost to all of our members.

In addition to dropping your order form off at the credit union, Need you can now order online or call toll-free 24 hours a day, 7 days a week. new checks? Harland Clarke • 1-800-355-8123 •

America's credit unions are celebrating the 1908 chartering of the first credit union in the country. Today, the credit union serves nearly 80,000 members; the site of the original credit union is home to America's Credit Union Museum (www.acumuseum. org), open to visitors and available for meetings and conferences. From humble beginnings, credit unions in the U.S. have grown and prospered. So as we raise a toast to celebrate our heritage, all credit unions look forward to continuing to help members improve their financial wellbeing, in good times and bad.


Here are some things you should consider every year when evaluating your financial situation:

1. Cut down your debt. Stop estimating what your debt is costing you. Set up a plan to address your biggest problem, such as high interest rate credit cards, too high of a balance, or having too many credit cards. Remember not to close a card once it is paid off. Closing a card can have a negative effect on your credit history. 2. Get your records organized. Being disorganized can cost you money in late payment and over-limit fees. Getting yourself organized will make it easier when it comes time to do your tax returns. It also will help you in tracking your spending and matching purchases to your credit card statements. 3. Checking your credit report. Think of your credit as your portfolio. Once a year you can get a free report from each of the big three credit reporting agencies (Experian, Equifax, and TransUnion) by going to These reports will include information on all your accounts and let you see your payment habits. It will also let you see if there are any possible problems with identity theft.

Float Your Boat Loan Here

If you love being on the water, you'll love our boat loans. It's smooth sailing with our quick approvals, competitive rates, and budget-friendly terms. Whether you're in the market for a kayak or a ketch, treat the purchase the same as you would if you were buying a vehicle by following these steps:

• Do your homework. Read reviews in boating and fishing magazines and visit Web sites such as; talk to boat owners to get their opinions. • Comparison shop. Boats can be a major purchase; it's worth your time to scope out prices and availability, not only at dealers and boat shows, but also go to online sites such as craigslist and Drive around waterfront property and look for boats for sale by their owners. • Contact the credit union for a pre-approved loan. Taking care of the financing up front means you can negotiate as though you were a cash buyer. • Make sure the boat is seaworthy, especially if you are buying a pre-owned boat. Have it inspected and if possible, take it for a test ride. • Negotiate your best deal. If you are new to boating, sign up for a boating safety course.

VEHICLE LOANS at your Credit Union

Don’t forget to ask about

at participating dealers and get .25% off the already low interest rates. MURRAY Mickey Boggess Used Cars Cain’s Jeep Parker Ford- Lincoln-Mercury Dwain Taylor Chevrolet Toyota of Murray Town & Country Yamaha HARDIN Premier Motors BENTON Country Chevrolet Parkway Chrysler Leon Riley Ford Select Auto Sales PARIS, TENN. Premier Nissan Inc. Pepper Motors

MAYFIELD Allred Motors Bennett Auto Outlet Bennett Motors Driver Motors Perkins Motor Plex Purchase Ford- Lincoln-Mercury Shelby Automotive, LLC PADUCAH Allen Auto Sales Bluegrass Honda BMW Paducah Ford Paducah Nissan, LLC Royal Oaks Chevrolet Mike Smith Kia Mike Smith Toyota Larry Stovesand’s Pontiac GMC Chip Wynn Buick

You can even complete the paperwork on-the-spot!

Get Your FREE Annual Credit Report Avoiding ATM Skimming

ATM fraud is becoming more prevalent with the invention of smaller computing devices. One of the methods that criminals use to access your account is ATM skimming. Skimming occurs when a device is placed into the ATM machine and interferes with typical ATM transactions. This device may be a substitute card reader inserted into the ATM or a touch screen device may take the place of the original screen. The purpose of these devices all have one goal: to collect your personal banking information. Your credit union offers these tips to help you avoid becoming a victim of ATM skimming: • Inspect the ATM. Be on the lookout for anything that looks strange or out of the ordinary before using it, such as anything loose, crooked, or damaged, or if you notice equipment or wires out of place. • When entering your PIN, block the keypad with your other hand to prevent possible hidden cameras from recording your number. • Don't use an ATM that directs you to another machine with a card reader attached. • If your card isn't returned after the transaction is completed or after hitting "cancel," immediately contact your credit union. • And, remember to check your account regularly to look for any unauthorized transactions. If you do suspect an ATM has been tampered with, contact the financial institution that operates the ATM machine. Your security is important to us.

You are entitled to receive one free credit report every 12 months from each of the nationwide consumer credit reporting companies (Equifax, Experian, and TransUnion). This free credit report can be requested online at www., by phone, or by mail. When requesting your report through the Web site, you receive a report immediately. It is so easy! Nowadays credit reports are being used for everything from setting insurance rates to evaluating job candidates. So making sure your report is accurate could save you some money. Get your free report today. Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government


National Credit Union Administration, a U.S. Government Agency

Credit Union News  

Newlsetter of the MSU Federal Credit Union

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