Southern - The Southern Credit Union

SKIP• •
PAYMENT
Month!
0
/196
11/ 2
9
– P LE A S E C O M P LETE TH E R EV E R S E S I D E –
(This Skip-A-Payment offer does not
apply to our VISA Classic, Gold and
Platinum cards. Those payments are
automatically skipped in February.)
COUPON
THE APR* OF THE
QUALIFIED RATE
OF YOUR NEXT
NEW OR USED
VEHICLE LOAN
*The special Skip-A-Payment offer applied to
loans made under the Master Loan Agreement
and Disclosure and may be used for 1) one
monthly loan payment, 2) two consecutive
semimonthly payments, 3) two consecutive
biweekly payments, or 4) four consecutive
weekly payments. Master Agreement may refer
to open-end credit plan agreement or consumer
loan note. Members not eligible for this special
include those with mortgage loans, home
improvement loans, loans that have had an
extension in the last 6 months, negative share/
share draft account, and/or loans currently past
due or have been more than 30 days past due in
last 6 months. Also not included is the VISA
Classic, Gold , and Platinum cards. They are
automatically skipped in February. The SkipA-Payment coupon is valid for loan payments
due in February 2010 and may not be used in
conjunction with any other Skip-A-Payment
coupon or extension made within the prior
90 days. This offer is not valid on payments
already credited. Your coupon must be
received on or before January 31, 2010. Mail
your coupon to The Southern Federal Credit
Union, P.O. Box 1509, Fayetteville, Georgia
30214-6509 or fax it to (770) 460-3238.
TSFCU is not responsible for coupons not
received.
A PU B L I CAT I O N F O R M EM B ER S O F T H E S O U T H ER N F ED ER A L C R ED I T U N I O N
As of November 30, 2009
Fayetteville
Assets
$245,529,202
Shares
$211,441,169
Loans
$86,029,590
29,259
Money
Regular Market
Shares Account
APY*
APY*
DIVIDEND NEWS
Whether you want to replenish
your savings or pay off some
of the holiday spending, it may
bene¿t you to Skip-A-Payment
on one or more of your Credit
Union loans. During the month
of February, you can choose to
Skip-A-Payment on any or all
of your loans by ¿lling out the
attached coupon and sending
it in to the Credit Union by
January 31, 2010. See attached
coupon for details.
LOCATIONS AND BRANCH HOURS
STATISTICALLY SPEAKING
Members
YES!
I want to take advantage of the Skip-A-Payment Program. I understand that I must return this
coupon to The Southern on or before January 31, 2010. I also understand finance charges
will continue to accrue as explained in the Master Loan Agreement and Disclosure I received
when my loan was made. By exercising my Skip-A-Payment option, my loan maturity will be
extended. My regular payments will resume after the skipped payment period.
February is
As of Sept. 18, 2009
Balance
$0.00-$99.99
0.00%
0.00%
$100.00-$2,499.99
0.25%
0.25%
$2,500.00-$9,999.99
0.25%
1.25%
$10,000.00-$24,999.99
0.50%
1.40%
$25,000.00-$49,999.99
0.50%
1.50%
$50,000.00-$99,999.99
0.50%
1.60%
$100,000.00
and Greater
0.50%
1.75%
430 East Lanier Ave. • Fayetteville, GA 30214
Lobby Hours
Monday – Friday 9 a.m. - 4 p.m.
Drive-Thru Hours
Monday – Thursday 8:30 a.m. - 5 p.m.
Friday 8:30 a.m. - 6 p.m.
Lobby and Drive-Thru Hours
Saturday 9 a.m. - 12 p.m.
ATM and Night Drop on location
Griffin
1610 Highway 16 West • Griffin, GA 30223
Lobby Hours
Monday – Thursday 9 a.m. - 4 p.m.
Friday 9 a.m. - 5 p.m.
Drive-Thru Hours
Monday – Thursday 8:30 a.m. - 5 p.m.
Friday 8:30 a.m. - 6 p.m.
Saturday 9 a.m. – 12 p.m.
ATM and Night Drop on location
Southern
AUTO FINANCING TIPS
Jonesboro
Share Drafts
0.25%
IRA Shares
1.75%
*Annual Percentage Yield. Please contact the
Credit Union for further information on applicable
fees and terms.
1099 Battle Creek Road • Jonesboro, GA 30236
Lobby and Drive-Thru Hours
Monday – Friday 9 a.m. - 5 p.m.
Saturday 9 a.m. – 12 p.m.
ATM and Night Drop on location
Newnan
STAY IN TOUCH:
TellerPhone 24-Hour Account Access
(770) 460-7899 • (800) 922-5882
Telephone Service Center (TSC)
(770) 719-1111
(800) 338-5882
Monday – Friday 8 a.m. – 6 p.m. EST
E-Mail Address
tsfcu@southernonline.org
Web Site Address
www.southernonline.org
HOLIDAY CLOSINGS:
MARTIN LUTHER KING JR, DAY
Saturday, January 16, 2010
Monday, January 18, 2010
PRESIDENT’S DAY
Saturday, February 13, 2010
Monday, February 15, 2010
232 Bullsboro Drive • Newnan, GA 30263
0263
Lobby Hours
Monday – Thursday 9 a.m. – 4 p.m.
Friday 9 a.m. – 5 p.m.
Drive-Thru Hours
m.
Monday – Thursday 8:30 a.m. – 5 p.m.
Friday 8:30 a.m. – 6 p.m.
Lobby and Drive-Thru Hours
Saturday 9 a.m. – 12 p.m.
ATM and Night Drop on location
Peachtree City
1400 Commerce Drive • Peachtree City, GA 30269
Lobby Hours
Monday – Thursday 9:00 a.m. - 4:00 p.m.
Friday 9:00 a.m. - 5:00 p.m.
Drive-Thru Hours
Monday – Thursday 8:30 a.m. - 5 p.m.
Friday 8:30 a.m. - 6 p.m.
Lobby and Drive-Thru Hours
Saturday 9 a.m. - 12 p.m.
ATM and Night Drop on location
In This Issue
2010 Annual
Meeting
–p.2
FHA and VA
Home Loans
–p.3
Your credit will have the most significant impact
not only on your ability to get a loan, but also the
amount of the loan you receive. The better your
credit, the more likely you are to get a higher loan
with a lower interest rate. On the other hand, if
you have a low credit score, you might get a high
interest rate, a low loan amount, or even denied
financing.
Rebates vs. Interest Rate Incentives
Dongwon Autopart Technology Group, Hogansville
NCR Corporation- Peachtree City
091758_SFCU_News_Jan10.indd 1
A recent study by
J.D. Power and Associates
shows that more
consumers are obtaining
financing from non-dealer
sources such as credit
unions. Currently, more
than one in five vehicle
buyers secure financing
without assistance from the
dealer. It’s always a good
idea to have a solid game
plan on financing and
understand your options
before you set foot in a
dealership.
Check Your Credit First
WELCOME TO THE SOUTHERN:
*Annual Percentage Rate. Coupon good
through March 31, 2010. Discount is
deducted from applicant’s qualified rate.
Credit conditions and qualifications apply.
Pre-existing loans with the Credit Union are
not eligible for refinancing. One coupon per
member. May not be used in conjunction
with any other offer.
T Southern Congratulates
The
Our First Winner in the
O
$500 GAS CARD GIVEAWAY!
$
WINTER 2010
Skip-A-Payment
Month! –p.4
Manufacturers typically offer rebates when they
have a large inventory of a car and they’d like to
increase sales of that particular model. Interest
rate reductions are often offered by dealers and
their financing companies to entice you to buy
from them rather than other dealers.
If you’re choosing between
a rebate and an interest rate
reduction, the rebate will
often result in the lowest price,
assuming the interest rate you
ultimately receive isn’t much
higher than the interest rate the
dealer is offering.
How Much Can You Afford?
Before you start looking for a car, you should
know what size loan you can afford. Then, decide
how much you can afford to spend on monthly
car financing.
For more information please call 1.800.338.5882
or 770.719.1111 or e-mail our lending
professionals at lending@southernonline.org.
THE SOUTHERN ANNOUNCES
A NEW CAR BUYING SERVICE
FOR OUR MEMBERS.
The Southern is pleased to announce that
Darin Brewer has joined The Southern Federal
Credit Union and will be offering his car buying
service to our members. If you are looking for a
new or pre-owned automobile,
call Darin at 770.460.3255 or e-mail at
autos@southernonline.org.
1 2/
12/
2/23/
23/197
19700
C
Congratulations
to Nicole Crumbley who won
a $500 gas card as part of our 3 month auto
promotion!
p
12/17/09 4:27 PM
VA LOANS
As a benefit to veterans, the Department of Veterans Affairs
guarantees repayment of loans made to veterans with no down
payment in most cases and liberal qualifying guidelines.
This makes it easy for veterans to finance a new home or
refinance their existing home.
What are VA loans?
A VA loan is a mortgage loan in the United States guaranteed
by the U.S. Department of Veterans Affairs.
Who benefits from VA loans?
The basic intention of the VA direct home loan program is
to supply home financing to eligible veterans in areas where
private financing is not generally available and to help veterans
purchase properties with no down payment.
Less up-front funds needed
The VA loan allows veterans 95% financing without private
mortgage insurance.
Flexible qualifications
VA loans are open to anyone who meets VA credit
qualifications, which are more flexible than those for
conventional loans. For more information about
qualifications, contact our home loan experts:
mortgages@southernonline.org or call James Richards
at 770.460.3229.
VA Program Features
• 95% financing
• Seller can pay all typical and customary closing costs,
discount points, with no limit
• Seller can pay prepaids, funding fee and temporary
buydown funds up to a maximum of 4%
• No cash reserves required after closing
• Single qualifying ratio
New Home Tax Credit
Has Been EXTENDED
Buying a home is about to get cheaper for a whole new crop
of homebuyers – $6,500 cheaper. First-time homebuyers have
been getting tax credits of up to $8,000 since last January as
part of the economic stimulus package. The Senate voted to
extend and expand the tax credit to include many buyers who
already own homes. Buyers who have owned their current
homes at least five years would be eligible for tax credits of
up to $6,500. First-time homebuyers – or anyone who hasn’t
owned a home in the last three years – would still get up
to $8,000. To qualify, buyers in both groups have to sign a
purchase agreement by April 30, 2010, and close by June
30. Go to www.southernonline.org to learn more about these
extended tax credits.
FHA LOANS
FHA (Federal Housing Administration)-insured mortgages
are in high demand because of the many advantages
they hold for homebuyers and refinancers, among them
assumability, low down payments and liberal qualifying ratios.
Also, FHA borrowers do not have to meet maximum income
qualifications, as with many other government programs.
Maximum loan amounts, however, are set by region across the
country.
What are FHA loans?
FHA loans are mortgages that are insured by the Federal
Housing Administration. The Southern offers 15 and 30-year
fixed FHA loan.
Who benefits from FHA loans?
FHA loans are especially beneficial for first-time home buyers
and people who can’t afford a conventional down payment or
can’t qualify for private mortgage insurance (PMI).
Less up-front funds needed
Coming up with a down payment is easier with an FHA loan!
• Down payments as low as 5.0% of your purchase price
• Gift funds accepted for 100% of the down payment (relatives
can help you!)
NEW
GAME
!
Flexible qualifications
FHA loans are open to anyone who meets FHA credit
qualifications, which are more flexible than those for
conventional loans. For more information about
qualifications, contact our home loan experts:
mortgages@southernonline.org or call James Richards
at 770.460.3229.
FHA Program Features*
• Max 95% financing
• Seller can contribute up to 6% of sales price to help with
closing costs and prepaid items without affecting down
payment requirement
• 100% gift down payment -- relative or employer
• Up-front Mortgage insurance can be financed
• No cash reserves required after closing
• Lenient qualifying ratios
• Will consider compensating income factors (i.e. room mate
income)
• Non-occupant co-borrowers eligible to help with qualifying
(subject to conditions/restrictions). Alternative income
sources must continue only 3 years
• Assumable with qualifying
*ALL PRODUCTS AND PRICES ARE SUBJECT TO CHANGE.
12/2/1960
091758_SFCU_News_Jan10.indd 2
William S. “Bill” Clark
ACCT #
Congratulations to Debbie Galloway for
25 YEARS OF SERVICE
to The Southern Federal Credit Union!
Approximately 23 years ago, I was asked to serve in a
vacated position on the Board of Directors of what is now
YOUR TSFCU. At that time, we were the FAA Southern Federal
Credit Union with only three employer groups and about
$40 million in assets. Coincidental with our 2010 Annual
Meeting of the membership, I will be “retiring” from the
board. As I leave this board (I still retain my membership),
we now have $245,529,020 million in assets and over 270
employer groups with 29,259 total members and a very
competent staff and Board; therefore I can leave with a very
good feeling and outlook toward our future. The Board has
allowed me a few minutes on this year’s Annual Meeting
schedule to make a few comments and I look forward to
seeing everyone there.
I have enjoyed every minute of service!
MEMBER NAME
THANK YOU FOR ALLOWING ME TO SERVE
TYPE OF LOAN
Mr. Ray Hull
Mr. Hull has been with The Southern for 19 years and has served as President and
CEO since 1998. He has also served on the Board of Directors for 11 years, and is
a Certified Public Accountant (CPA) and holds a BBA in Accounting, as well as a
Masters in Business Administration from Valdosta State University.
ACCT #
Mr. Rick Halbert
Rick is a Principal of Group VI Development, LLC. GVI Development is a Commercial
Developer, Real Estate, and Construction Management company located in PTC,
GA. He, Shelley, his wife and three sons reside in Fayetteville, Georgia.
Rick has served on the Board of Directors since 2004.
.
ACCT #
BOARD OF DIRECTORS’ NOMINEES ARE:
TYPE OF LOAN
If nominations by petition are received, then all members
18 years and older will receive a ballot in the mail with
instructions on how to complete and return the ballot for
tabulation. Election results will be announced at the 2010
Annual Meeting.
Alternative income sources must continue only 3 years
No cash reserves required after closing
Liberal qualifying
Assumable with qualifying
Primary residence only for purchase
DATE
This year the Nominating Committee has submitted the
names of Rick Halbert and Ray Hull, as nominees to fill
two vacancies on the Board of Directors. All nominees will
serve a three-year term. If there are no nominations made
by petition, then these two nominees will be elected by
acclamation and their election will be confirmed at the 2010
Annual Meeting.
TYPE OF LOAN
Here’s how it works:
and brief biographical data on the person being
nominated.
• The person being nominated must sign an
acknowledgment stating that if elected, he/she is willing
to serve.
• The petition must be received by the Credit Union at its
main office in Fayetteville, Georgia no later than close of
business Friday, February 19, 2010.
•
•
•
•
•
ACCT #
As a member of The Southern FCU, you own a portion of
the Credit Union. Your share savings account qualifies you
as a member-owner of the Credit Union, and entitles you
to vote for the individuals you would like to have represent
you on the Board of Directors.
Home Loans
are available
TYPE OF LOAN
Rules for Making Nominations by Petition:
Our 2010 Annual Meeting will be held on
• The individual must be 18 years of age or older.
Monday, April 19, 2010, at 6:00 PM at our
Peachtree City Financial Center Branch located • The petition must be signed by one percent of the
membership with a minimum of 20 signatures and a
at 1400 Commerce Drive, Peachtree City,
maximum of 500.
Georgia.
• Each petition must include a statement of qualifications
FHA &VA
MEMBER SIGNATURE
2010 Annual Meeting
of the Membership
How it Works: There are
four dates hidden in this
issue. If you find your
birth date, exactly as it
appears on your account,
call the Telephone
Service Center at
770-719-1111
or 1-800-338-5882
AND WIN $50!
12/17/09 4:28 PM
VA LOANS
As a benefit to veterans, the Department of Veterans Affairs
guarantees repayment of loans made to veterans with no down
payment in most cases and liberal qualifying guidelines.
This makes it easy for veterans to finance a new home or
refinance their existing home.
What are VA loans?
A VA loan is a mortgage loan in the United States guaranteed
by the U.S. Department of Veterans Affairs.
Who benefits from VA loans?
The basic intention of the VA direct home loan program is
to supply home financing to eligible veterans in areas where
private financing is not generally available and to help veterans
purchase properties with no down payment.
Less up-front funds needed
The VA loan allows veterans 95% financing without private
mortgage insurance.
Flexible qualifications
VA loans are open to anyone who meets VA credit
qualifications, which are more flexible than those for
conventional loans. For more information about
qualifications, contact our home loan experts:
mortgages@southernonline.org or call James Richards
at 770.460.3229.
VA Program Features
• 95% financing
• Seller can pay all typical and customary closing costs,
discount points, with no limit
• Seller can pay prepaids, funding fee and temporary
buydown funds up to a maximum of 4%
• No cash reserves required after closing
• Single qualifying ratio
New Home Tax Credit
Has Been EXTENDED
Buying a home is about to get cheaper for a whole new crop
of homebuyers – $6,500 cheaper. First-time homebuyers have
been getting tax credits of up to $8,000 since last January as
part of the economic stimulus package. The Senate voted to
extend and expand the tax credit to include many buyers who
already own homes. Buyers who have owned their current
homes at least five years would be eligible for tax credits of
up to $6,500. First-time homebuyers – or anyone who hasn’t
owned a home in the last three years – would still get up
to $8,000. To qualify, buyers in both groups have to sign a
purchase agreement by April 30, 2010, and close by June
30. Go to www.southernonline.org to learn more about these
extended tax credits.
FHA LOANS
FHA (Federal Housing Administration)-insured mortgages
are in high demand because of the many advantages
they hold for homebuyers and refinancers, among them
assumability, low down payments and liberal qualifying ratios.
Also, FHA borrowers do not have to meet maximum income
qualifications, as with many other government programs.
Maximum loan amounts, however, are set by region across the
country.
What are FHA loans?
FHA loans are mortgages that are insured by the Federal
Housing Administration. The Southern offers 15 and 30-year
fixed FHA loan.
Who benefits from FHA loans?
FHA loans are especially beneficial for first-time home buyers
and people who can’t afford a conventional down payment or
can’t qualify for private mortgage insurance (PMI).
Less up-front funds needed
Coming up with a down payment is easier with an FHA loan!
• Down payments as low as 5.0% of your purchase price
• Gift funds accepted for 100% of the down payment (relatives
can help you!)
NEW
GAME
!
Flexible qualifications
FHA loans are open to anyone who meets FHA credit
qualifications, which are more flexible than those for
conventional loans. For more information about
qualifications, contact our home loan experts:
mortgages@southernonline.org or call James Richards
at 770.460.3229.
FHA Program Features*
• Max 95% financing
• Seller can contribute up to 6% of sales price to help with
closing costs and prepaid items without affecting down
payment requirement
• 100% gift down payment -- relative or employer
• Up-front Mortgage insurance can be financed
• No cash reserves required after closing
• Lenient qualifying ratios
• Will consider compensating income factors (i.e. room mate
income)
• Non-occupant co-borrowers eligible to help with qualifying
(subject to conditions/restrictions). Alternative income
sources must continue only 3 years
• Assumable with qualifying
*ALL PRODUCTS AND PRICES ARE SUBJECT TO CHANGE.
12/2/1960
091758_SFCU_News_Jan10.indd 2
William S. “Bill” Clark
ACCT #
Congratulations to Debbie Galloway for
25 YEARS OF SERVICE
to The Southern Federal Credit Union!
Approximately 23 years ago, I was asked to serve in a
vacated position on the Board of Directors of what is now
YOUR TSFCU. At that time, we were the FAA Southern Federal
Credit Union with only three employer groups and about
$40 million in assets. Coincidental with our 2010 Annual
Meeting of the membership, I will be “retiring” from the
board. As I leave this board (I still retain my membership),
we now have $245,529,020 million in assets and over 270
employer groups with 29,259 total members and a very
competent staff and Board; therefore I can leave with a very
good feeling and outlook toward our future. The Board has
allowed me a few minutes on this year’s Annual Meeting
schedule to make a few comments and I look forward to
seeing everyone there.
I have enjoyed every minute of service!
MEMBER NAME
THANK YOU FOR ALLOWING ME TO SERVE
TYPE OF LOAN
Mr. Ray Hull
Mr. Hull has been with The Southern for 19 years and has served as President and
CEO since 1998. He has also served on the Board of Directors for 11 years, and is
a Certified Public Accountant (CPA) and holds a BBA in Accounting, as well as a
Masters in Business Administration from Valdosta State University.
ACCT #
Mr. Rick Halbert
Rick is a Principal of Group VI Development, LLC. GVI Development is a Commercial
Developer, Real Estate, and Construction Management company located in PTC,
GA. He, Shelley, his wife and three sons reside in Fayetteville, Georgia.
Rick has served on the Board of Directors since 2004.
.
ACCT #
BOARD OF DIRECTORS’ NOMINEES ARE:
TYPE OF LOAN
If nominations by petition are received, then all members
18 years and older will receive a ballot in the mail with
instructions on how to complete and return the ballot for
tabulation. Election results will be announced at the 2010
Annual Meeting.
Alternative income sources must continue only 3 years
No cash reserves required after closing
Liberal qualifying
Assumable with qualifying
Primary residence only for purchase
DATE
This year the Nominating Committee has submitted the
names of Rick Halbert and Ray Hull, as nominees to fill
two vacancies on the Board of Directors. All nominees will
serve a three-year term. If there are no nominations made
by petition, then these two nominees will be elected by
acclamation and their election will be confirmed at the 2010
Annual Meeting.
TYPE OF LOAN
Here’s how it works:
and brief biographical data on the person being
nominated.
• The person being nominated must sign an
acknowledgment stating that if elected, he/she is willing
to serve.
• The petition must be received by the Credit Union at its
main office in Fayetteville, Georgia no later than close of
business Friday, February 19, 2010.
•
•
•
•
•
ACCT #
As a member of The Southern FCU, you own a portion of
the Credit Union. Your share savings account qualifies you
as a member-owner of the Credit Union, and entitles you
to vote for the individuals you would like to have represent
you on the Board of Directors.
Home Loans
are available
TYPE OF LOAN
Rules for Making Nominations by Petition:
Our 2010 Annual Meeting will be held on
• The individual must be 18 years of age or older.
Monday, April 19, 2010, at 6:00 PM at our
Peachtree City Financial Center Branch located • The petition must be signed by one percent of the
membership with a minimum of 20 signatures and a
at 1400 Commerce Drive, Peachtree City,
maximum of 500.
Georgia.
• Each petition must include a statement of qualifications
FHA &VA
MEMBER SIGNATURE
2010 Annual Meeting
of the Membership
How it Works: There are
four dates hidden in this
issue. If you find your
birth date, exactly as it
appears on your account,
call the Telephone
Service Center at
770-719-1111
or 1-800-338-5882
AND WIN $50!
12/17/09 4:28 PM
SKIP• •
PAYMENT
Month!
0
/196
11/ 2
9
– P LE A S E C O M P LETE TH E R EV E R S E S I D E –
(This Skip-A-Payment offer does not
apply to our VISA Classic, Gold and
Platinum cards. Those payments are
automatically skipped in February.)
COUPON
THE APR* OF THE
QUALIFIED RATE
OF YOUR NEXT
NEW OR USED
VEHICLE LOAN
*The special Skip-A-Payment offer applied to
loans made under the Master Loan Agreement
and Disclosure and may be used for 1) one
monthly loan payment, 2) two consecutive
semimonthly payments, 3) two consecutive
biweekly payments, or 4) four consecutive
weekly payments. Master Agreement may refer
to open-end credit plan agreement or consumer
loan note. Members not eligible for this special
include those with mortgage loans, home
improvement loans, loans that have had an
extension in the last 6 months, negative share/
share draft account, and/or loans currently past
due or have been more than 30 days past due in
last 6 months. Also not included is the VISA
Classic, Gold , and Platinum cards. They are
automatically skipped in February. The SkipA-Payment coupon is valid for loan payments
due in February 2010 and may not be used in
conjunction with any other Skip-A-Payment
coupon or extension made within the prior
90 days. This offer is not valid on payments
already credited. Your coupon must be
received on or before January 31, 2010. Mail
your coupon to The Southern Federal Credit
Union, P.O. Box 1509, Fayetteville, Georgia
30214-6509 or fax it to (770) 460-3238.
TSFCU is not responsible for coupons not
received.
A PU B L I CAT I O N F O R M EM B ER S O F T H E S O U T H ER N F ED ER A L C R ED I T U N I O N
As of November 30, 2009
Fayetteville
Assets
$245,529,202
Shares
$211,441,169
Loans
$86,029,590
29,259
Money
Regular Market
Shares Account
APY*
APY*
DIVIDEND NEWS
Whether you want to replenish
your savings or pay off some
of the holiday spending, it may
bene¿t you to Skip-A-Payment
on one or more of your Credit
Union loans. During the month
of February, you can choose to
Skip-A-Payment on any or all
of your loans by ¿lling out the
attached coupon and sending
it in to the Credit Union by
January 31, 2010. See attached
coupon for details.
LOCATIONS AND BRANCH HOURS
STATISTICALLY SPEAKING
Members
YES!
I want to take advantage of the Skip-A-Payment Program. I understand that I must return this
coupon to The Southern on or before January 31, 2010. I also understand finance charges
will continue to accrue as explained in the Master Loan Agreement and Disclosure I received
when my loan was made. By exercising my Skip-A-Payment option, my loan maturity will be
extended. My regular payments will resume after the skipped payment period.
February is
As of Sept. 18, 2009
Balance
$0.00-$99.99
0.00%
0.00%
$100.00-$2,499.99
0.25%
0.25%
$2,500.00-$9,999.99
0.25%
1.25%
$10,000.00-$24,999.99
0.50%
1.40%
$25,000.00-$49,999.99
0.50%
1.50%
$50,000.00-$99,999.99
0.50%
1.60%
$100,000.00
and Greater
0.50%
1.75%
430 East Lanier Ave. • Fayetteville, GA 30214
Lobby Hours
Monday – Friday 9 a.m. - 4 p.m.
Drive-Thru Hours
Monday – Thursday 8:30 a.m. - 5 p.m.
Friday 8:30 a.m. - 6 p.m.
Lobby and Drive-Thru Hours
Saturday 9 a.m. - 12 p.m.
ATM and Night Drop on location
Griffin
1610 Highway 16 West • Griffin, GA 30223
Lobby Hours
Monday – Thursday 9 a.m. - 4 p.m.
Friday 9 a.m. - 5 p.m.
Drive-Thru Hours
Monday – Thursday 8:30 a.m. - 5 p.m.
Friday 8:30 a.m. - 6 p.m.
Saturday 9 a.m. – 12 p.m.
ATM and Night Drop on location
Southern
AUTO FINANCING TIPS
Jonesboro
Share Drafts
0.25%
IRA Shares
1.75%
*Annual Percentage Yield. Please contact the
Credit Union for further information on applicable
fees and terms.
1099 Battle Creek Road • Jonesboro, GA 30236
Lobby and Drive-Thru Hours
Monday – Friday 9 a.m. - 5 p.m.
Saturday 9 a.m. – 12 p.m.
ATM and Night Drop on location
Newnan
STAY IN TOUCH:
TellerPhone 24-Hour Account Access
(770) 460-7899 • (800) 922-5882
Telephone Service Center (TSC)
(770) 719-1111
(800) 338-5882
Monday – Friday 8 a.m. – 6 p.m. EST
E-Mail Address
tsfcu@southernonline.org
Web Site Address
www.southernonline.org
HOLIDAY CLOSINGS:
MARTIN LUTHER KING JR, DAY
Saturday, January 16, 2010
Monday, January 18, 2010
PRESIDENT’S DAY
Saturday, February 13, 2010
Monday, February 15, 2010
232 Bullsboro Drive • Newnan, GA 30263
0263
Lobby Hours
Monday – Thursday 9 a.m. – 4 p.m.
Friday 9 a.m. – 5 p.m.
Drive-Thru Hours
m.
Monday – Thursday 8:30 a.m. – 5 p.m.
Friday 8:30 a.m. – 6 p.m.
Lobby and Drive-Thru Hours
Saturday 9 a.m. – 12 p.m.
ATM and Night Drop on location
Peachtree City
1400 Commerce Drive • Peachtree City, GA 30269
Lobby Hours
Monday – Thursday 9:00 a.m. - 4:00 p.m.
Friday 9:00 a.m. - 5:00 p.m.
Drive-Thru Hours
Monday – Thursday 8:30 a.m. - 5 p.m.
Friday 8:30 a.m. - 6 p.m.
Lobby and Drive-Thru Hours
Saturday 9 a.m. - 12 p.m.
ATM and Night Drop on location
In This Issue
2010 Annual
Meeting
–p.2
FHA and VA
Home Loans
–p.3
Your credit will have the most significant impact
not only on your ability to get a loan, but also the
amount of the loan you receive. The better your
credit, the more likely you are to get a higher loan
with a lower interest rate. On the other hand, if
you have a low credit score, you might get a high
interest rate, a low loan amount, or even denied
financing.
Rebates vs. Interest Rate Incentives
Dongwon Autopart Technology Group, Hogansville
NCR Corporation- Peachtree City
091758_SFCU_News_Jan10.indd 1
A recent study by
J.D. Power and Associates
shows that more
consumers are obtaining
financing from non-dealer
sources such as credit
unions. Currently, more
than one in five vehicle
buyers secure financing
without assistance from the
dealer. It’s always a good
idea to have a solid game
plan on financing and
understand your options
before you set foot in a
dealership.
Check Your Credit First
WELCOME TO THE SOUTHERN:
*Annual Percentage Rate. Coupon good
through March 31, 2010. Discount is
deducted from applicant’s qualified rate.
Credit conditions and qualifications apply.
Pre-existing loans with the Credit Union are
not eligible for refinancing. One coupon per
member. May not be used in conjunction
with any other offer.
T Southern Congratulates
The
Our First Winner in the
O
$500 GAS CARD GIVEAWAY!
$
WINTER 2010
Skip-A-Payment
Month! –p.4
Manufacturers typically offer rebates when they
have a large inventory of a car and they’d like to
increase sales of that particular model. Interest
rate reductions are often offered by dealers and
their financing companies to entice you to buy
from them rather than other dealers.
If you’re choosing between
a rebate and an interest rate
reduction, the rebate will
often result in the lowest price,
assuming the interest rate you
ultimately receive isn’t much
higher than the interest rate the
dealer is offering.
How Much Can You Afford?
Before you start looking for a car, you should
know what size loan you can afford. Then, decide
how much you can afford to spend on monthly
car financing.
For more information please call 1.800.338.5882
or 770.719.1111 or e-mail our lending
professionals at lending@southernonline.org.
THE SOUTHERN ANNOUNCES
A NEW CAR BUYING SERVICE
FOR OUR MEMBERS.
The Southern is pleased to announce that
Darin Brewer has joined The Southern Federal
Credit Union and will be offering his car buying
service to our members. If you are looking for a
new or pre-owned automobile,
call Darin at 770.460.3255 or e-mail at
autos@southernonline.org.
1 2/
12/
2/23/
23/197
19700
C
Congratulations
to Nicole Crumbley who won
a $500 gas card as part of our 3 month auto
promotion!
p
12/17/09 4:27 PM