Shared Interest - March 2008

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Brent Binkley Appointed President & CEO

With the resignation of Deborah L. Humbert, effective Jan. 31, 2008, the board of directors of School Employees Lorain County Credit Union (SELCCU) appointed Brent T. Binkley as president and chief executive officer. Binkley joined the credit union in Jan. 2001 as chief operating officer. In March 2007, he received a promotion to senior vice president. Binkley has 22 years of experience in the financial industry; he earned a bachelor’s degree from Bowling Green State University and a master’s degree from Ashland University. He has lived in Lorain County for more than 30 years.

Time for a New Car? Don’t Miss Out on Our Low Rates!

4.50% APR* on new vehicles
5.50% APR* on used vehicles (2002+)
Apply in person or through SELCCU Online.
Offer good through March 31, 2008.

*Annual Percentage Rate. Variable rate of 4.50% for new vehicles. Maximum adjustment is .25% per quarter with a cap of 7.50% APR for new vehicles. Sample payment based on new vehicle variable rate of 4.50% APR for 60 months = $18.65 per $1,000 borrowed. Variable rate of 5.50% APR for used vehicles model year 2002 and newer. Maximum adjustment is .50% per quarter with a cap of 8.50% APR for used vehicles. Sample payment based on used vehicle variable rate of 5.50% APR for 48 months = $23.26 per $1,000 borrowed. Rate locked until June 30, 2008. Rates and terms are subject to change without notice. All new loans require application and credit approval. Other rates and terms available. Promotional rates effective Feb. 15-March 31, 2008. Apply in person, through SELCCU Online or by calling 440-324-3400 or 800-451-6315. Limited time offer.

Annual Meeting Tickets Available

Join SELCCU as we celebrate our 50th anniversary during the Annual Meeting on Sunday, April 6 at the John A. Spitzer Conference Center on the campus of Lorain County Community College. Doors open at 1 p.m. Lunch will be served at 1:30 p.m., followed by the annual meeting. In honor of our 50th anniversary, a reception and ice cream social will be held after the annual meeting. Tickets for the luncheon and annual meeting are $10 per person and may be purchased from any teller. Members of all ages may attend the ice cream social only at no cost. Free tickets for the ice cream social are available from any teller as well. We look forward to celebrating with you!

National Credit Union Youth Week

Got Green?

April 20-26 , 2008

More information

coming soon!

Care Connection

Genesis House Collection
March 1 - 31, 1008

SELCCU will be collecting the following items for Genesis House:

	Shampoo & conditioner for adults and children
	Toothpaste & toothbrushes for adults and children
	Liquid antibacterial hand soap
	Children’s arts & crafts supplies
	Baby wipes
	Baby lotion
	Baby powder
	Bags of candy

Donated items will be used for families in Lorain County who need assistance due to domestic violence.

Getting a Tax Refund?

RAL

If you're getting a tax refund this year, it may be tempting to accept a "rapid" for "instant" refund. Some national tax preparation firms offer this option, which many people don't realized is actually a high-interest loan, or refund anticipation loan (RAL).

Interest rates are astounding, ranging from 70% to 1,700% nationwide. And they usually only speed up the refund process by a couple of weeks.

Steer clear of the type of loan and visit the credit union today. Whatever your concerns, we can help with a small consumer loan.

What should You Do With Your Tax Refund?

If you're expecting a tax refund, there are a number of things you can do with that money. Here are a few suggestions:

	Use it as part of a down payment on a new car/
	Build your rainy day fund for inevitable budget challengers.
	Open an IRA (individual retirement account) or fund a child's Coverdell Education Savings Account, formerly known as the Education IRA.
	Add it to the fund you're building for a down payment on a house.
	Apply it to your mortgage principal.

However you choose to invest your tax refund check, remember that your credit union can help.

Get Organized This Tax Season with FREE Bill Pay

With SELCCU Bill Pay, you’ll have an easier time tracking payments and viewing your bill payment history. We use the latest technology to ensure your personal information remains private and protected.

Set up your account in just minutes and:

	Track payments instantly - all from one convenient location.
	Pay anyone, even your babysitter.
	Pay bills on your schedule. Payments will arrive on time ... guaranteed.

Go to www.selccu.org to get started today!

Home-Owners Seminar

Coping with Current Mortgage Trends - March 12

SELCCU invites you to attend a free home-owners seminar on Wednesday, March 12 from 6-7:30 p.m. at our office. A representative from our mortgage partner, myCUmortgage, will discuss what members can expect in the current mortgage environment, refinancing an Adjustable Rate Mortgage (ARM), how your home’s loan-to-value is calculated and other related topics.

Refreshments will be provided. Space is limited. If you would like to attend, please contact our Call Center at 440-324-3400 or 800-451-6315. Deadline to R.S.V.P. is Friday, March 7.

VISA® Gift Cards and VISA® Travel Cards

At a loss to find the perfect gift? SELCCU now offers the VISA® Gift Card*, a prepaid card that can be used at millions of locations where VISA debit cards are accepted, including retail stores, online merchants, and mail and phone orders.

Use the VISA Gift Card for any occasion: birthdays, holidays, graduations or weddings. The recipient can use it to buy what they want, when they want, where they want. Because it’s a prepaid card, spending is limited to the initial amount of money you place on the card at the time of purchase.

SELCCU also has a prepaid, reloadable VISA Travel Card*, a debit card which offers you a convenient alternative to travelers checks or cash. At the time of purchase, you may load up to $3,000 on the card. The card is accepted at millions of places worldwide—wherever you see the VISA symbol. Use it for point-of-sale transactions or at any ATM. Unlike cash, the travel card can be replaced if lost or stolen.

For more information, stop in and ask to speak with one of our financial services representatives.

* $3 fee for VISA Gift Card; $9 fee for VISA Travel Card. Card issuer may charge additional fees for non-usage, reloads, replacement card(s) or ATM usage. Ask SELCCU for full details on all fees.

Spring Break Travel Reminder

If you’re planning a trip to Mexico or the Caribbean, you need a passport. You can find complete information on the requirements by visiting www.travel.state.gov/passport. The site also provides downloadable forms and travel updates for destinations around the world.

No matter where you go, remember to take a SELCCU VISA Travel Card!

Unlock Your Home’s Potential with a Home Equity Line of Credit

With a Home Equity Line of Credit (HELOC) you can:
- Pay for your child’s college education.
- Make home repairs or improvements.
- Take the dream vacation you deserve.

We’re offering a 1.00%* discount
on our current HELOC rate(s).
Make a $5,000 draw and the promotional rate
will be applied to your ENTIRE balance
until September 30, 2008.

Offer good March 15 - April 30, 2008.
440-324-3400 / 800-451-6315
www.selccu.org

*Special promotional rate is a 1.00% discount off of our current HELOC rate(s). Minimum draw requirement for promotional rate is $5,000. Promotional rate applies to entire HELOC balance until September 30, 2008. All new loans require application and credit approval. Other rates and terms available. Promotional rate(s) effective March 15-April 30, 2008. Rates and terms are subject to change without notice. Apply in person, through SELCCU Online or by calling 440-324-3400 or 800-451-6315. Limited time offer.