From:                              State Employees Credit Union - Marketing [marketing@secuga.org]

Sent:                               Wednesday, February 02, 2011 10:46 AM

To:                                   Amy R. Schliestett

Subject:                          State Employees CU News: February 2011

Attachments:                 Annual Meeting 11.JPG

 

 

 

 

February 2011 News
For State of Georgia HR/Payroll Departments


In this issue:
SECU Members Approve Partnership, Tips for a Stress Free Car Buying Experience, Schedule SECU at Your Next Staff Benefit Fair!

On January 24, 2011, State Employees Credit Union members, staff and Board of Directors gathered together for a special meeting to discuss the proposed merger between State Employees Credit Union and Georgia Federal Credit Union. At the end of the meeting, all member votes submitted by mail and in person at the special meeting were tallied by Cecil Maynard of Nearman, Maynard, Vallez, CPAs. Out of 3,052 total voting members, 2,818 (or 92.3%) voted “yes” to approve the merger, well above the two-thirds majority needed to approve the merger. With our member’s approval, the Board of Directors signed a formal agreement to proceed with the partnership. Together, we will soon be known as Georgia United Credit Union.  Special thanks to our members for voting and staying active in the process that makes credit unions truly unique.

The conversion and name change to Georgia United Credit Union is planned to take effect on May 1, 2011. Updated information will be posted on the SECU website, www.secuga.org.

Through this new partnership we will be able to provide additional value to State of Georgia employees while keeping everything members love about your credit union. We will continue to honor our commitment to all state agencies, universities and family members. We will retain all our current branches along with our friendly and knowledgeable staff. Once the conversion is complete, the following additional benefits will be available to State of Georgia employees:

• Credit cards
• CDs (certificates of deposit)
• Multiple Georgia branches
• Mobile banking
• Saturday branch accessibility (selected locations)
• Access to 22 additional free ATMs
• Full-service mortgage products (first mortgages, second mortgages, lines of credit)
• Full-service E-branch call center with extended hours
• Free identity theft protection on all checking accounts
• Special savings clubs for children, youth and college
• Premium rates for members over 55
• Money market accounts
• Education IRAs, in addition to Traditional and Roth
• Expanded e-statement options (savings, checking, credit cards)
• Member business loans
• Legal insurance
• Gift cards, travelers checks and money orders
• Signature guarantees
• Safe deposit boxes (at select locations)
• Volunteer income tax assistance (at select locations)
• Plus, all the current benefits offered by SECU, including access to CU Service Centers nationwide.

If you would like additional information about the merger, please visit the Merger Information Center on our website, www.secuga.org.

State Employees Credit Union has always been committed to meeting the financial needs of our members. This new partnership will equip the credit union to continue to do this successfully in the future. Thanks, as always, for your continued support. We have many exciting days ahead of us and we look forward to serving you for many years to come.

Tips for a Stress Free Car Buying Experience

Car buying guru, Scott Richardson, owner of Members Auto Finders, shares his tips for a stress free car buying experience.

1.     Get pre-approved before car shopping. It’s important to know your budget and payment plan before you begin shopping. If you wait to seek financing until after you shop, you might find out that you cannot afford the car you want. It’s always best to know what you can afford before you shop.

2.     Never shop for a payment. When buying a car, don’t just look at the monthly payment. Make sure you understand the total cost of the car during the entire term of your loan. The shorter the term, the higher your monthly payment will be but the lower the overall cost of the car.

3.     Always get the “drive out” price. If you’re negotiating with a dealer, make sure you get a quote that includes, tax, tag & title.

4.     Get a vehicle history report. If you’re buying a used car, be sure to get a vehicle history report from CarFax & AutoCheck before purchasing the car. The report will tell you who owned the car, if it’s been in any accidents, if it’s been reported stolen and more.

5.     A new car could be the best deal for you. In today’s market, buying new might actually be the best deal for you. On certain types of cars, dealers are offering additional incentives, including rebates, maintenance guarantees and even roadside assistance.

6.     Use an auto finder service. If you don’t have the time to invest into finding a car & negotiating a good price, this service is perfect for you. They do the research and leg work for you and have relationships with dealers to get the best price possible. 

Scott Richardson, owner of Members Auto Finders, has over seven years of car buying experience for credit union members. Scott retired after serving 20 years in the U.S. Military. While on active duty in the military, he had little time to spend negotiating prices at the dealership. He used a credit union car buying service because it saved him time, money and provided him with a stress free buying experience. After leaving the military, Scott worked several years for an auto buying service. In 2009, he combined both his life and professional experiences to start Members Auto Finders.

If you need help finding a new or used vehicle at a great price, Members Auto Finders can help. Learn more about Members Auto Finders>>


Schedule SECU at Your Next Benefit Fair!


Do you have a health/ benefit fair coming up this spring? Share the credit union benefit with your staff! To schedule, contact Amy Schliestett at aschliestett@secuga.org or (404) 463-1891