2014-02 Telconomy Overview - Baton Rouge Telco Federal Credit

TELCO NOMY
April 2014
For the members of Baton Rouge Telco Federal Credit Union
Serving Ascension, East and West Baton Rouge, East and West Feliciana, Iberville, Livingston, Pointe Coupee, Saint Helena and Tangipahoa parishes.
Your Door for Great Mortgage Rates
Telco can open doors for all your home financing needs.
WAIVE
Your Appraisal Fee*
OR
REDUCE
Your Rate by 0.125%*
In This Issue:
Annual Meeting Recap (2) | Meet the Board Elect (2)
Your Door for Great Rates – Home Loans Tailored for Your Needs (3)
Telco Youth “Catch the $ave Wave” (4) | NCUA’s Latest Share Insurance Calculator (4)
Enhancements to Our Payment Center (4)
Federally Insured by NCUA
www.brtelco.org
2
Did You Miss Telco’s Annual Meeting?
77th Annual Meeting Reports Continued Growth and Appoints New Board Members
Baton Rouge Telco held its 77th Annual Meeting
on Tuesday, March 11, 2014 at the American Legion
Hall. Reports were given by the Chairman, CEO, and
Treasurer. Win Landry (Chairman) stated, “Telco has
24,433 members, a 5.2% growth since last year.
Thanks to management and staff, expenses are low
compared to other credit unions.” Darryl Long (CEO)
stated, “We will always recognize that members are
owners, that their satisfaction is of utmost importance.”
Assets (1936 - 2013)
250 M
2013 $238,686,160
225 M
200 M
2010 $183,757,076
175 M
150 M
125 M
100 M
75 M
50 M
In addition, the Nominating Committee nominated
Brent Boe’, Chuck Carney, and Win Landry for three
vacancies on the Board of Directors. They were
voted by acclamation to serve on the Board. You can
read some information about them below.
25 M
0
1930
1940
$15,211
1950
$115,682
1960
$822,123
1970
$1,974,434 $7,063,779
1936
1990 $26,510,318
0
1940
2000 $56,957,392
1980
1950
1960
1970
1980
1990
2000
2010
2020
The Board of Directors met to elect officers and
re-elected Win Landry as Chairman, Andrew Eames
as Vice-Chairman, Darrell Goudeau as Treasurer, and
Marianne Merritt as Secretary. The Board would like
to thank you for your continued support.
Photo Captions:
LEFT: Members, Shirley Vicich and Helen Johnson, enjoy
the evening of food, prizes, and updates on the credit union.
RIGHT: Member, Rose Emanuel, looks over the Annual Report
before the prizes are raffled off to attendees.
Brent Boe’
Chuck Carney
W. T. (Win) Landry
Brent Boe’ has served on Telco’s Board
for the last year, and the Supervisory
Committee the previous two years. Brent
has been a member for 23 years. He is a
Vice-President and partner with Performance Contractors, Inc., one of Telco’s
largest employee groups.
Chuck Carney has served on Telco’s
Board for the last three years and the
Supervisory Committee for 19 years. He
has been a member of the credit union
for over 33 years and an employee of
AT&T (BellSouth/ South Central Bell) for
over 40 years.
W. T. (Win) Landry is currently Chairman
of Telco’s Board. He joined Telco in 1976
and has been a member of the Board
since 1992. Win retired from South
Central Bell with over 38 years of
service.
3
Your Door for Great Mortgage Rates
Telco can open doors for all your home financing needs.
WAIVE
Your Appraisal Fee*
OR
REDUCE
Your Rate by 0.125%*
Are you looking to buy a new home? Or would you like to lower your monthly house note? Or maybe the time has come to finally get that dream kitchen
you’ve always wanted? Whatever your goals might be, Baton Rouge Telco
is opening doors to help achieve them.
LEARN MORE AT:
AUTO
HOME
VISA
To make things even better, we are offering you the following, if you apply
before May 31, 2014:
OR CONTACT OUR MORTGAGE
SPECIALIST TODAY:
• Waive Your Appraisal Fee*, OR
• Reduce Your Qualified Rate by 0.125%*
Open your door to savings now!
It’s easy
to apply!
ONLINE
www.brtelco.web-loans.com
Telco NMLS
# 403399
* Only applies to 1st Mortgages. Does not apply to
a current Telco mortgage. Up to $400.00 appraisal
fee will be waived, if you choose this option.
Georgette Rachal (NMLS # 403488)
(225) 924-8900, ext. 320
grachal@brtelco.org
CALL
STOP BY
(225) 924-8900 any of our four offices
Scan the QR code from your
smartphone or tablet to
learn more about flexible
home loans from Telco.
4
Telco Youth Catch the $ave Wave in April!
Baton Rouge Telco is celebrating National Credit Union Youth Week, April 21st - 25th!
This year’s theme, “Catch the $ave Wave,” highlights the tools and techniques young “surfer”
savers need to succeed financially. Join us at any of our four branches for giveaways all week
long, and don’t miss “Fun Friday,” April 25th from 10am - 2pm for refreshments, goodie
bags and more!
Celebrate National Credit Union
Youth Week: April 21-25, 2014
Youth 17 and younger can enter our drawing to win $50 by making a minimum deposit of $10
into their All Star account. Plus, they can enter one of three contests to win another $50 – for
a total of $100! All you need is an All Star account to participate – joining is easy!
Contests Include ($50 each):
• $ave Wave Coloring Page • Telco Puzzle Challenge • Dream Vacation Essay
Visit www.brtelco.org for details on each contest, and to download entry pages.
Winners will be announced May 1st! Don’t miss out -- supplies are limited.
NCUA Releases New, Improved
Insurance Coverage Estimator
Enhancements To
Our Payment Center
Telco members will have an easier time getting answers to questions
about their share insurance and keeping track of their coverage,
thanks to a new and improved online tool by the National Credit
Union Administration.
Telco provides a quick and easy Payment Center for members to make
their Telco loan payments from their checking or savings account at
another financial institution. For a nominal fee, members can go to a
secure link on our website (www.brtelco.org) to make a one-time
loan payment or set up recurring payments at their convenience.
The redesigned Share Insurance Estimator, formerly known as the
E-Calculator, is now easier to navigate and has expanded content.
Users can input information while simultaneously using important
reference materials. The enhancements also provide users with
additional information for using the Share Insurance Estimator.
The new estimator can be found on Telco’s website by navigating to
our “Calculators” page, or by clicking any of the blue NCUA logos
throughout www.brtelco.org.
www.brtelco.org
AIRLINE OFFICE
Recent enhancements to the Payment Center now provide easier
log-in features along with drop down menus to choose the loan that
will receive the payment. All members will need to enroll in the
enhanced service. Members who were already enrolled prior to these
enhancements will simply use their existing user name and
password, and will then be directed to provide additional information
to validate their account. First-time users will need to register. To
access the Payment Center go to www.brtelco.org/home/loans
or log in to your Online Banking account and click on Additional
Services. Or, for more information contact Brandon Johnson at (225)
924-8900 at extension 311 or email him at bjohnson@brtelco.org.
WOODDALE OFFICE
WATSON OFFICE
HAMMOND OFFICE
13404 Airline Hwy.
2226 Wooddale Blvd.
32839 LA Hwy. 16
1115 W. University Ave.
Baton Rouge, LA 70817 Baton Rouge, LA 70806 Denham Springs, LA 70706 Hammond, LA 70401
(225) 924-8900
(225) 924-8900
(225) 924-8900
(985) 542-8086