New Staff Members Spotlight an Employee Scholarships Available Warning Signs That You Need Financial Counseling Today's Decisions Protect Tomorrow's Future Electronic Check Conversion Rocky's Corner Report On Annual Meeting From Ivalene M. Miles Smart Saving & Spending Win A Gift Certificate Community Action News Holiday Closings

Warning Signs That You Need Financial Counseling

1. Do you pay only the minimum, or less, on your credit cards each month?
2. Do you juggle other bills to keep up the minimum monthly payments on each credit card?
3. Have you reached the credit limit on your credit cards?
4. Do you use cash advances to pay monthly bills?
5. Are you paying late fees?
6. Are you getting letters and phone calls from angry creditors and collectors?
7. Have you taken money from your savings account to pay your credit card bills?
8. Are you confused about which creditor to pay first?
9. Are you plagued by a bad credit history or contemplating bankruptcy?

Are You Confused About Electronic Check Conversion?

Have you been in a grocery or retail store paying for merchandise and the cashier takes your check, swipes it through a little machine and hands it back to you? Do you wonder why? The merchant is utilizing Electronic Check Conversion. This process converts your check Carey Surrency to an electronic item that will process at the same speed as an ATM/debit transaction. It is processed electronically in a shorter period of time than a paper check working it’s way through the normal clearing system.

In order to help you understand how this process works, we are bringing you the following information. The Federal Reserve Board has posted on its Web site a brochure entitled “When is Your Check Not a Check?” You can go to www.federalreserve.gov/pubs/checkconv to find this detailed explanation of the conversion process and it also includes information on consumer rights. Visit this Web site today.

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Today’s Decisions Protect Tomorrow’s Future

Life can be unpredictable. Whatever your age and personal situation, it is important to make sure that you have a plan in place to provide for you and your family in the event of death or disability. CUNA Mutual’s Member Choice Payment Protection will help you better meet your needs for insurance converage.

Member’s Choice Term Life Insurance is an inexpensive, voluntary form of payment protection designed to pay off an outstanding loan balance if a covered member dies before their loan is repaid, up to the policy maximum. This may include up to six months of unpaid interest.

Member’s Choice Disability Insurance is a low cost, voluntary coverage that makes your monthly loan payment up to the policy maximum should you become totally disabled for 31 days or longer. Payment continues until you are no longer disabled, die or the loan is paid off.

Most of our loans can be covered by term life and disability insurance under the Payment Protection Plan. When a loan is covered by Payment Protection from the beginning, there are no forms to fill out or questions to answer. Premiums are figured into your monthly payment at a very low cost to you, our member.

Inquire today about CUNA’s Payment Protection Plan available through your credit union, Altamaha Federal Credit Union.