Spring 2014 Newsletter

APRIL 2014
Inside this Issue
President’s Chat . . . . . . . . . . . . . . . Page 2
Need Quick Access . . . . . . . . . . . . Page 2
to Information?
100 Day No Pay, No Interest!*
Make the Most of Your . . . . . . . . . Page 3
Tax Refund
Should You Co-Sign . . . . . . . . . . . . Page 3
for a Loan?
Financing
As Low As
Welcome New Employees . . . . . . Page 3
2.99
Mark Your Calendar . . . . . . . . . . . Page 4
Contact Us. . . . . . . . . . . . . . . . . . . . Page 4
Board Members
Steven Fischer – Chair
Larry Makus – Vice Chair
Mark Voss – Secretary/Treasurer
Dave Klatt – Director
Tom Liesz – Director
Judy Reisenauer – Director
Erik Anderson – Director
Nancy Lyle – Director
James Stivers – Director
Get that new (or new to you) car, truck, van or SUV and
put some extra “green” in your pocket. With a vehicle loan
from Latah FCU, you’ll enjoy an ultra-low interest rate, plus
THERE ARE NO PAYMENTS AND NO INTEREST CHARGES
FOR THE FIRST 100 DAYS on new or refinanced loans!
%
APR!*
Save Now and Later with Financing as Low as 2.99%APR!*
After the first 100 days, the savings continue
with a low, fixed interest rate and flexible
payment options. Choose from monthly,
semi-monthly or bi-weekly payments that
comfortably fit your budget.
Already Financed Elsewhere?
Take a look at your current vehicle loan.
Chances are you can save money by
refinancing at Latah FCU with today’s low
rates. You may be able to save hundreds of
dollars in interest over the life of the loan,
reduce monthly payments and take advantage
of 100 DAYS WITH NO PAYMENTS AND
NO INTEREST CHARGES.
Holiday Reminders
It’s Easy- Apply Today!
All Latah Federal Credit Union
branches will be closed on the
following holidays:
CLICK: Visit us online at www.LatahFCU.org
CALL: Give us a call at 208-882-0232
VISIT: Stop by any Latah FCU branch office.
n Memorial Day –
Monday, May 26, 2014
n Independence Day –
Friday, July 4, 2014
*Loans currently held by Latah Federal Credit Union may not be refinanced under this offer. APR=Annual Percentage Rate. Rate is
effective as of April 1, 2014 through May 31, 2014. Call Latah Federal Credit Union for offer details. “Vehicle” includes: Cars, Trucks, RVs.
Standard underwriting and risk based pricing applies, offer valid on approved credit only for vehicle purchases, vehicle equity out loans to
pay other creditors, and vehicle refinances from other lenders.
President’s Chat
Great things are
happening at
your Credit Union!
Need Quick Access
to Information?
LATAH’s Audio Response Teller
Need quick access to your account
information? Don’t forget that you can
check your Latah Federal Credit Union
accounts 24 hours a day through our
Audio Response Telephone Teller! You
can make financial transactions with
Telephone Teller. Anytime. Anywhere.
When you call our Audio Response
System, a computer voice will answer
and give you clear, spoken instructions
in response to your simple, push button
entries.
By simply touching a few numbers on
your telephone, you can:
n
Transfer money within your
accounts.
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Have a check drawn from your
account and mailed to you.
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Make balance inquiries on your
accounts.
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Get loan advances from your line
of credit.
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Get year-to-date interest and
dividend information your
accounts.
n
Inquire about which checks have
cleared your checking account.
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Receive statement history
information.
n
Hear current dividend/interest
rates.
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Enter a loan application.
Try it today and call 208-882-7300. If
you are accessing your account(s) for
the first time, you will need to enter
your account number, Social Security
number, and 4 digit pin number.
For a complete menu of actions and
codes, visit any Latah FCU Office for
a brochure or download a copy from
our website: www.latahfcu.org/pdf/
Audio_Response_Brochure.pdf and
begin using it today!
Page 2
Drive -Up Changes to
Moscow Main Branch
Recently we purchased the Chevron
Station south of the Moscow Main
Branch to help increase our visibility
and to help keep our Moscow
members safe as they enter and
exit the parking areas. The current
plans call for moving the Drive-Up
Teller out onto the newly purchased
property, allowing us to expand the
lane size and height of the canopy
for our members who drive larger
vehicles or are towing trailers.
It has always been a high risk
maneuver to pull around the corner
onto Washington and make it into the
parking lot. By having the Drive-Up
away from the building we are going
to change the drive pattern to access
it and the surrounding parking area.
Plans are also being drawn to give
members an access from the north
side parking area so you will not
have to walk around the building in
inclement weather. We will share all
the plans with you as soon as we get
them put on paper and approved.
Newsletter Changes Coming
Another change is how we will
be communicating with you.
You will continue to receive a
Quarterly Newsletter but we will be
supplementing it with a monthly
News Update featured online and
through email. If you haven’t given
us your email address yet, stop in,
call or email us at info@latahfcu.org
and get on the list. The new format
will keep you up to date on all that is
happening around your Credit Union
in a more timely fashion.
Volunteer Opportunity
We are looking for 6 volunteers to
come in and review our Bill Pay
product. To be eligible for this project
we ask that you be a current user
of Bill Pay and be able to meet with
staff and vendors 2 or 3 times in
the evening over the next 3 months.
Anyone interested in helping us
review our Bill Pay please contact me
at lstevens@latahfcu.org.
Audio Teller
For members who call in just to
check your account balance, are you
aware we still have our Audio Teller
available? Just call 208-882-7300 and
follow the easy instructions to sign up
or log-in. Transfers between suffixes
are available by phone also. Your
information is just a phone call away.
For faster service get connected with
our FlexTeller online account service
and do what you need from your
computer.
Keep Up-to-Date with
Our Website
And finally, to follow all of our
product updates and pricing, don’t
forget to stop by our website at
www.latahfcu.org. You will want to
be a part of all the new products and
services, and be aware of updates to
current services as they happen!
latah Federal Credit unionN
Welcome to Our
Newest Employees
Make the Most of Your Tax Refund
Tax Time Tips from Latah FCU
The average taxpayer receives a refund of about $2,800. That’s a lot of
extra cash that can make a big difference in your financial situation.
This year, instead of impulse purchases, consider these options:
Pay Off Outstanding Credit Cards
If you’ve got high interest rate credit cards or loans with outstanding
balances, using your tax refund to pay them off can reduce or eliminate
future interest charges and free up monthly payments.
Alison Harless –
Member Service
Representative –
Moscow Office
“I was born in Hemet,
California, and have
lived here almost 8
years. I love it here –
everyone is so nice and
knows each other. I
graduated from Moscow High School in 2012.
I have been working here for about a month,
dealing with customers and working with
money. I have learned so much just by being
here a short time!”
Avoid Pitfalls Down the Road
Is there car or home maintenance repairs you’ve been putting off? Using
your tax refund money now may end up saving you a bundle later.
Save for a Rainy Day
Start or add to an emergency fund with a Latah FCU
Savings or Money Market Account, and you’ll
avoid running up credit card balances for
unexpected expenses
Start or Add to an IRA for 2014
Latah offers a full range of Traditional
and Roth IRA options that can help
you save for future retirement or
education expenses. Plus, you may
be able to reduce your tax bill for
2014 (please consult your tax
advisor for details).
Should You Co-Sign for a Loan?
Things to Know Before You Sign on the Dotted Line…
Certain financial situations can make it difficult to get loan. A person may
not have any credit history, or they may be trying to get back on their
feet after unforeseen circumstances like a job loss. In these cases, a family
member or close friend may ask you to co-sign. Before you sign on the
dotted line, it’s important to remember that you will be responsible for
making payments if the borrower fails to do so. Any loans you co-sign for
will also appear on your credit history, including information on missed
or late payments. If you do decide to co-sign, it’s a good idea to only do so
for short-term loans, not long-term obligations like private student loans,
mortgages or business loans. The longer the term of the loan, the more risk
there is of default. If you are considering co-signing on a loan, a Latah FCU
loan representative would be happy to discuss your particular situation and
other options that may be available.
Neighbor to neighbor
Anastasia Orr –
Member Service
Representative –
Moscow Office
“I was born and raised
in Twin Falls, Idaho. I
moved to Moscow to
attend the University of
Idaho, majoring in child
development. Helping
children and pottery have always been passions
of mine so one day I plan on opening my own art
therapy office. I have been with Latah FCU for a
few weeks and I am currently a part-time teller.
I also work part-time at Moscow Pizza Hut as
a shift manager. I love being in the customer
service industry where I meet new people
every day!”
Courtney Wallen –
Member Service
Representative –
Moscow Office
“I was born in Couer
D’Alene, Idaho and
moved to Moscow
when I was very
young. I am a student
at the University of
Idaho, and will be graduating in May with a
Sociology degree. I have two dogs that live at
my parents’ house, Kiya and Bella, who are
my little babies. I played volleyball throughout
high school and I miss the sport very much.
My favorite kinds of music are hip-hop, rap
and R&B.”
Page 3
Mark Your Calendar
for LATAH FCU’s
Annual Meeting
June 26, 2014
This year the annual meeting will be held
on Thursday, June 26th at 6:00 p.m. at
the Moscow Main Branch located at
912 S. Washington Street.
We invite all Latah FCU members to attend
the annual meeting.
Contact Us
Main Office
912 South Washington
P.O. Box 9286
Moscow, ID 83843-1786
Phone: (208) 882-0232
Toll Free: (855-77-LATAH)
Fax: (208) 882-3250
University of Idaho
Commons Branch
875 Line Street
P.O. Box 44524
Moscow, ID 83844-4501
Phone: (208) 882-0232
Fax: (208) 885-2788
Potlatch Branch
168 Hwy 6
P.O. Box 264
Potlatch, ID 83855-0264
Phone: (208) 875-0515
Fax: (208) 875-0740
Kendrick Branch
Supervisory Committee Member Needed
Volunteer Opportunity
Have you been looking for a volunteer opportunity? Are you interested in the way that a financial
cooperative works? If so, being a Supervisory Committee member for Latah Federal Credit Union
may be just what you have been looking for! Join a group of dedicated volunteer members of
LFCU who help direct the future of our local Credit Union. Supervisory Committee members will
usually spend 2-10 hours per month volunteering in this capacity depending on assignments and
tenure, which may include the following:
602 Main Street
P.O. Box 274
Kendrick, ID 83537-0274
Phone: (208) 289-2448
Fax: (208) 289-2454
Plummer Branch
396062 Hwy 95
Plummer, ID 83851
Phone: (855) 77-LATAH
Fax: (208) 686-6261
n
Three to four hours per month to prepare for and attend monthly committee meetings
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Three to four hours per month read Board packages, prepare for and/or attend monthly
Board meetings (Chairman and/or Vice Chairman may attend Board meetings)
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One to two hours per month to prepare for and attend monthly delinquency review
meetings
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Three to four hours annually for ongoing education
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Attendance at the Annual Meeting
Latah County Courthouse
522 S Adams,
Moscow, ID 83843
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Attendance at a one to two day strategy session annually (Chairman and/or Vice Chairman)
Website
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Attendance at annual weekend planning session (Chairman and/or Vice Chairman)
In order to be considered, you must be a member in good standing with CU (eighteen years
of age or older), be capable of attaining the knowledge and abilities identified above, and have
sufficient volunteer time to devote to the duties of the position. Must not be an employee of CU,
an employee of any other credit union, or a member of CU’s Asset and Liability Committee. If you
are interested we would love to talk to you! Please contact the main office for more information.
page 4
ATM
White Pine Foods
402 2nd Avenue
Deary, ID 83823
www.latahfcu.org
E-mail
moscow@latahfcu.org