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105 East Cherry Street Vermillion, SD 57069www.vermillionfcu.com
605-677-5214 [email protected]
Summer 2016
Annual Meeting Held
The annual meeting was held on April 20. Thank you to Greg DeVries for his volunteerism for the past four years, but his schedule does not allow him the time to continue. Welcome to Leslie Buryanek who was elected to the Board to fill the open position. Thank you for volunteering. Congratulations and thank you also to Aaron Fader who will continue to serve on the Board for another three years.
Please welcome Andy Kronaizl to Vermillion Federal Credit Union. Andy started on April 29. His full time hours will be filled with marketing and loan processing. We are excited to have Andy here. Be sure to say hello and introduce yourself when you are in the office.
Kourtney has accepted a full time position somewhere else and has left her position here. Good luck to Kourtney and thanks for your help while you were here.
A New Face At Your Credit Union
Financial institutions can appear to be alike from the outside, but once you look inside, you remember the reasons you chose to become a member of Vermillion Federal Credit Union.
Competitive car loans: The National Credit Union Administration (NCUA) reports that in 2014, credit unions charged a 2.72% interest rate for the average 36-month used-car loan. Compare that to the 5.26% rate that a typical bank charged during the same time period.
Free checking: Credit unions outnumber banks by almost two-to-one in offering no-cost checking. A Bankrate survey finds that 72% of credit unions have no fees with no minimum balance, compared with 38% of banks.
How You Benefit by Choosing a Credit Union
Flexibility in lending: While banks have hard-and-fast lending requirements for credit scores, income, debt, and
so forth, credit unions are more likely to consider individual circumstances in making lending decisions.
Costs to open accounts: Bankrate’s survey also finds that the typical cost to open an account at a bank is $60. Credit unions typically charge less than $10.
Banks exist to do business with their customers and make money for their
shareholders. Credit unions are nonprofit — there are no shareholders or customers, just members who may also volunteer to serve on their governing boards.
When you look at credit unions vs. banks, the difference matters. Come see us today or call us at 605-677-5214 for all your financial needs.
Hours of Operation
Holiday Closings
Contact Us
Mission Statement:
Lobby:Monday through Friday 9-5Saturday 9-12
Drive up:Monday through Thursday 8-5Friday 8-5:30Saturday 9-12
Independence DayMonday, July 4
Labor DayMonday, September 5
Address:105 East Cherry St.Vermillion, SD 57069
Phone: 605-677-5214Email: [email protected]: www.vermillionfcu.com
The mission of Vermillion Federal Credit Union, through member ownership and involvement, is to provide financial services in a professional and responsive manner, reflecting the credit union philosophy, “People Helping People.”
Lost/Stolen CardsPhone: 1-800-528-2273
Fraudulent ActivityPhone: 1-800-889-5280
VFCU Provided Insurance
VFCU has an agreement with American Income Life (AIL) to provide you with some insurance. As a member of the credit union, you are automatically covered with a $3,000 accidental death policy. You do not have to take any action to get this coverage. Soon AIL will be sending out information about some of the other great benefits they can provide. If you would like to know more, simply sign and send back the postcard you will receive within the letter they send you. Someone will then call and make an appointment to visit you and discuss your needs. In addition to insurance they also offer things like a prescription plan and vision plan. Be sure to look for their letter to arrive soon.
Michael CooperPublic Relations
515.975.5848
www.ailife.comProtecting Working Families
An AIL representative will contact ONLY members who return the reply card to arrange a convenient timeto deliver their benefits and review other supplemental insurance benefits that may be available.
Vermillion Federal Credit UnionAdditional Member Benefits at No Cost!
• $3,000 Group Accidental Death & Dismemberment Benefit• Health Services Discount Card
• Child Safe KitLearn more at www.ailife.com/benefits/sgj2o
We are changing our bill pay provider to Payveris. Originally scheduled for May, it has been pushed back to August. R E M I N D E R: Your information will not be automatically transferred to Payveris. You will need to manually re-enter all of the information. Be sure to have all the information necessary available to get things set up again. If you currently have bill pay, we will be sending you a letter with more details. Please let us know if you have any questions. If you have not yet tried bill pay, August might be a good time to get started. There is no cost to you to use this great product.
Bill Pay Provider Change Delayed
At Vermillion Federal Credit Union, affordable, convenient credit is one of the benefits of your membership. The credit union is staffed by professional loan officers who are committed to offering you the best rates, the fastest service, and the most convenient selection of loan options you will find anywhere. We
look forward to serving your borrowing needs. Please refer to our website for current rates and promotions or give us a call to discuss any of your borrowing needs.
VFCU Loans