Archive for August, 2014
Friday, August 29th, 2014
HELLO FROM PRESIDENT/CEO TERRY KIDD
The Labor Day weekend has just past and I hope everyone can and does take the time off to enjoy the last days of summer with their family and friends. The credit union has been busy lately with back to school parents and the big Labor Day car deals that are going on. So we are looking forward to the break as much as you all are.
This year so far has been a good year for the credit union. We have done so much with new products and with a relatively young staff. We have started several new products like the Payday Loan Program and Skip a Payment Program. This time of year though is when we start thinking about the future of the credit union. Where we want it to be this time next year and the year after? If you all have any suggestions of products or services that you would like to have at the credit union let me or my office manager know. I personally would like to see another ATM in the area, we currently have one in Portsmouth and at our main office. Feel free to provide suggestions on where we should put another.
A new and interesting service that the credit union now offers is GAP insurance on secured loans. GAP insurance protects your vehicle or RV in the case of a total loss. If the total loss payout of the vehicle or RV is less than the loan balance then the GAP insurance will pay for the difference. I would strongly recommend this product to anyone who is buying a vehicle. There is a one-time fee of $200.00. Also, by the end of the year we will be able to offer joint disability insurance on all loans, currently our insurance company is going through a rewrite with the state of Kentucky that will add the joint disability as a credit insurance option.
Also, in the horizon is the Christmas Club Payout, next month will be the last month of the 2014 Christmas Club and checks are looking to be ready the beginning of November as normal. We will keep them in the office for a few days before mailing them. Exact dates and times will be set in the next newsletter. So for anyone who has yet to sign up for a Christmas Club account I would recommend that you do so as soon as possible.
For those who like to plan ahead remember that November will be the skip a payment month in the winter. Don’t forget to come in and fill out your 2014 Winter Skip a Payment forms. There are exclusions to this program please contact the Loan Department for a list of all exclusions.
I recently visited Pam Trimble and her staff at the Kings Daughters Medical Specialties of Prestonsburg. I would like to tell them how much I appreciate all the members we have from that area. You all are an excellent group of individuals.
Monday, August 18th, 2014
HELLO FROM PRESIDENT/CEO TERRY KIDD
This time of the year is back to school time. It’s been exciting to watch families go school shopping and the various other back to school activities going on throughout the community. I hope that anyone who needs helps with their back to school shopping will come to the credit union and see what we can do for you. Also, for all those that are going back themselves I wish you success in your classes.
We have a computer, uniform, and fitness equipment loan with an interest rate as low as 3.74% that can help buy the iPads and laptop computers needed for many school projects along with uniforms for those who will be doing clinicals this fall.
This year at the credit union continues to be an extremely interesting time, we are experiencing a lot of growth in new members and for all of those who joined the credit union over the last six weeks I would like to say welcome to the credit union. This credit union is your credit union and if you have any questions or concerns please get a hold of me. My door is always open to suggestions on how to make your credit union experience unique.
I would like to remind all of you who have not finalized your weekend and vacation plans that we do have discounted theme park tickets to Kings Island, Cedar Point, Dollywood, Camden Park and Kentucky Kingdom. Please call an MSR for a complete listing and prices.
I encourage everyone who has not already signed up for the 2015 Vacation Club season to do so to maximum their savings potential for their 2015 vacation or home improvement project.
I would like to remind all those who have not done so to go out to their online banking and sign up for estatements. The process is quick and simple!
Our PayDay Loan program has really taken off and I am glad that we can help so many of you get out of the PayDay Loan Cycle. We hope to continue to help many more of our members this year to get free from their PayDay Loans.