2015-02 Telconomy Overview - Baton Rouge Telco Federal Credit

TELCONOMY
April 2015
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.
Great Mortgage Rates
Buying ∙ Refinancing ∙ Home Improvements
Waive Appraisal Fee
-or-
Reduce Rate by 0.125%
Offer ends 5/31/15
In This Issue:
Annual Meeting Recap (2) | Meet the Board Elect (2)
Great Mortgage Rates at Telco (3)
Why the Limit on Transfers? (4)
Borrow Smart, Buy Smart with Enterprise Car Sales (4)
Federally Insured by NCUA
www.brtelco.org
2
Did You Miss Telco’s Annual Meeting?
78th Annual Meeting Reports Continued Growth and Appoints New Board Members
Baton Rouge Telco held its 78th Annual
Meeting on Tuesday, March 10, 2015, at
the American Legion Hall. Reports were
given by the Chairman, CEO, and Treasurer.
Win Landry (Chairman) stated, “In 1936, in
the midst of the Great Depression, Baton
Rouge Telco Federal Credit Union was
chartered. The objective was to provide
financial services to those who needed it.
Today, that is still our objective.” Darryl
Long (CEO) stated, “Our organization chart
is the opposite of most organizations. Our
front line staff is at the very top. They’re
the most important because they deal daily
with you.”
Assets (1936 - 2014)
275 M
2014 $258,057,763
250 M
225 M
200 M
2010 $183,757,076
175 M
150 M
125 M
100 M
75 M
50 M
25 M
1940
$15,211
1950
$115,682
1960
$822,123
1970
2000 $56,957,392
1980
$1,974,434 $7,063,779
1990 $26,510,318
0
1930
In addition, the Nominating Committee
nominated Pamela Delaune, Andrew
Eames, and Marianne Merritt for the 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.
1940
1950
1960
1970
1980
1990
2000
2010
2020
Photo Captions:
LEFT: Jerrie Guillory enjoyed receiving a door prize.
RIGHT: Tommy & Carolyn Kennedy visited with friends
before the meeting began.
Pam Delaune
Andy Eames
Marianne Merritt
Pam served on Telco’s Supervisory
Committee and was appointed to fill the
unexpired term of Darrell Goudeau (after
his untimely passing). She has been a
member of Telco since 1976. She graduated from LSU in 1971 in the School of
Journalism, and retired from AT&T with
30 years of service.
Andy is a retired BellSouth employee. He
is currently serving as the Vice-Chairman
and has been a member of the Board’s
Executive Committee for two years. He
has been on the Board for 18 years. Andy
is currently the Volunteer Executive
Director of the Louisiana Lupus Foundation.
Marianne is retired from South Central
Bell with 43 years of service. She has
been the Secretary for the Board of
Directors and an Executive Committee
member for the past 22 years. She has
been a member of Telco since 1964.
3
Great Mortgage Rates
Buying · Refinancing · Home Improvements
Baton Rouge Telco Federal Credit Union is here to
help you with your mortgage needs — buying,
refinancing, or doing home improvements. We have
two offices in Baton Rouge, one in Denham Springs
and one in Hammond to help our community save
money with our great mortgage rates. Our members
have good things to say about the rates and service
they received at Telco.
Our low rates will keep your monthly payments down,
putting more money in your pocket and maximizing
the financial potential of home ownership. Plus, we
are offering you the following:
Waive Appraisal Fee*
-or-
Reduce Rate by 0.125%*
Offer ends 5/31/15
Approval
Within 2 Days
“Great experience with Baton Rouge
Telco. I've used them before refinancing my home and this time with a
home purchase. They always had very
competitive rates. Always going out
of their way to help. ”
— Dr. Brent Underwood
“I have a home equity loan with
Baton Rouge Telco. A few months
ago, I called to see if Telco did home
refinancing. Not only did they do
them, but they had a great rate. It
was a no brainer for me to refinance
with Telco.”
— Bobby Quick
LEARN MORE AT:
AUTO
HOME
VISA
CONTACT OUR MORTGAGE SPECIALIST TODAY:
Georgette Rachal (NMLS # 403488)
(225) 924-8900, ext. 320
grachal@brtelco.org
It’s easy
to apply!
ONLINE
www.brtelco.web-loans.com
“We’ve had an open HELOC
(Home Equity Line of Credit) with
BR Telco since early 2008. It has
allowed us to do a multitude of
projects on our home, like building
the shop and installing an in-ground
swimming pool with spa.”
— Don and Tiffany DeBenedetto
CALL
(225) 924-8900
STOP BY
any of our four offices
*Offer ends 5/31/15. 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. Telco NMLS # 403399
4
Why the Limit on Transfers?
Federal Regulation D places a monthly limit on the
number of transfers you may make from your Share
(Savings) Account without your physical presence being
required. Transfers affected by this regulation therefore
include:
• Transfers made using Online Banking.
• Transfers made using MANDI (audio response
service).
• Overdraft transfers (made automatically to cover
insufficient funds in other accounts).
• Pre-authorized, automatic, scheduled or recurring transfers such as ACH or EFT items for utilities, health clubs, charge
cards, etc.
You are allowed six such transfers per month, per share account.
Transactions that are not affected by Regulation D include transfers made to Baton Rouge Telco Federal Credit Union loans,
transactions done in person at a branch, or transactions sent in by mail. If your account has reached its Regulation D limit,
you may still complete withdrawals and transfers in person or by mail.
The Perfect Used Car Package®
• 12-month/12,000 mile limited
powertrain warranty2
• Vehicle Certification
Receive 1.00%1 off your approved Telco rate
when you buy a used car from Enterprise.
• 12-month Roadside Assistance3
• Free Carfax® Reports
Rates as low
as 1.49% APR!1
• 7-Day Repurchase Agreement2
April 1 - December 31, 2015
A low-rate Telco car loan and Enterprise’s
haggle-free buying take the stress and
worry out of the car-buying experience.
6117 Siegen Lane
Baton Rouge, LA
225-291-7040 800-430-6616
1: APR=Annual Percentage Rate. 1.00% off current rate. Promotional rate of 1.49% up to 72 months. This is a buy down rate. The amount of the buy down will not affect the price of the vehicle. Current rate will vary based on credit
worthiness and terms. Financing for qualified Baton Rouge Telco Federal Credit Union members. Not all buyers will qualify. Offer valid only on Enterprise Car Sales vehicles purchased 4/1/15 - 12/31/15. Lowest qualifying rate
including all discounts is 1.49%. Quoted rate of 1.49% APR has payments per $1000 equal to $14.53/month. 2: Restrictions apply. See an Enterprise Car Sales Manager for details. 3: Enterprise 12-month Unlimited Mileage
Roadside Assistance Package is proivided by the American Automobile Association (AAA) and its affiliated clubs in the United States and Canada.
AIRLINE OFFICE
HAMMOND OFFICE
WATSON OFFICE
WOODDALE OFFICE
13404 Airline Hwy.
32839 LA Hwy. 16
2226 Wooddale Blvd.
1115 W. University Ave.
Baton Rouge, LA 70817 Hammond, LA 70401 Denham Springs, LA 70706 Baton Rouge, LA 70806
(225) 924-8900
(225) 924-8900
(225) 924-8900
(985) 542-8086