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Skip a payment – Pg. 4

mortgage – Pg. 3

annUaL meeting– Pg. 2

THE SOUTHERN FEDERAL CREDIT UNION WINTER 2008

SouthernStyle Names!Remember - there arefour new names hidden in this issue. If you find yours, call the Telephone Service Center at 770-719-1111 or 1-800-338-5882AND WIN $50!

DON’TFORGETTO PLAY

Whether you want to replenish your savings or pay off some of the holiday spending, it may benefit you to Skip-A-Payment on one or more of your Credit Union personal loans. During the month of February, you can choose to Skip-A-Payment on any or all of your personal loans by filling out the attached coupon and sending it in to the Credit Union by January 31, 2008. See attached coupon for details. (This Skip-A-Payment offer does not apply to our VISA Classic, Gold or Platinum cards. Those payments are automatically skipped in February.)*The special Skip-A-Payment offer applied to loans made under the Master Loan Agree-ment and Disclosure and may be used for 1) one monthly loan payment, 2) two consecutive semimonthly payments, 3) two consecutive bi-weekly payments, or 4) four consecutive weekly payments. Loans not eligible for this special include mortgage loans, home improvement loans, and past due loans. Also not included is the VISA Classic, Gold , or Platinum cards. They are automatically skipped in February. The Skip-A-Payment coupon is valid for loan payments due in February 2008 and may not be used in conjunction with any other Skip-A-Payment coupon or extension made within the prior 90 days. This offer is not valid on pay-ments already credited. Your coupon must be received on or before January 31, 2008. Mail your coupon to The Southern Federal Credit Union, P.O. Box 1509, Fayetteville, Georgia 30214-6509 or fax it to (770) 460-3238. TSFCU is not responsible for coupons not received

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Doug Nelms

STATISTICALLY SPEAKINGAs of November 30, 2007

Assets $193,624,526

Shares $163,339,727

Loans $112,180,744

Members 30,182

DIVIDEND NEWSAs of November 30, 2007

Balance

$0.00-$99.99 0.00% 0.00%

$100.00-$2,499.99 0.85% 0.35%

$2,500.00-$9,999.99 1.10% 2.02%

$10,000.00-$24,999.99 1.36% 2.53%

$25,000.00-$49,999.99 1.46% 2.79%

$50,000.00-$99,999.99 1.46% 3.04%

$100,000.00and Greater

1.46% 3.30%

Share Drafts 0.35%

IRA Shares 2.12%

*Annual Percentage Yield. Please contact the Credit Union for further information on applicable fees and terms.

LOCATIONS AND BRANCH HOURS

MArTIn LUTher KIng DAy Saturday, January 19, 2008Monday, January 21, 2008

PreSIDenT’S DAySaturday, February 16, 2008Monday, February 18, 2008

STAY IN TOUCH:tellerphone 24-Hour account access(770) 460-7899 • (800) 922-5882

telephone Service Center (tSC) (770) 719-1111(800) 338-5882 Monday – Friday 8 a.m. – 6 p.m. EST

e-mail addresstsfcu@southernonline.org

Web Site address www.southernonline.org

HOLIDAY CLOSINGS:

Protection for Your Valuables!how do you protect your important papers, special jewelry, passports or back-up computer discs?

rather than worry about protecting those small but valuable and often irreplaceable items, why not open a safe deposit box?

We currently have several of the following box sizes available at our main office and at our Peachtree City location that are ready to rent: 3x5, 3x10, 5x10, and 10x10.

Fayetteville 430 East Lanier Ave. • Fayetteville, GA 30214 Lobby Hours Monday – Friday 9 a.m. - 4 p.m. Drive-Thru Hours Monday – Thursday 8:30 a.m. - 5 p.m. Friday 8:30 a.m. - 6 p.m. Lobby and Drive-Thru Hours Saturday 9 a.m. - 12 p.m. ATM and Night Drop on location

Griffin 1610 Highway 16 West • Griffin, GA 30223 Lobby Hours Monday – Thursday 9 a.m. - 4 p.m. Friday 9 a.m. - 5 p.m. Drive-Thru Hours Monday – Thursday 8:30 a.m. - 5 p.m. Friday 8:30 a.m. - 6 p.m. Saturday 9 a.m. – 12 p.m. ATM and Night Drop on location

Jonesboro 1099 Battle Creek Road • Jonesboro, GA 30236 Lobby and Drive-Thru Hours Monday – Friday 9 a.m. - 5 p.m. Saturday 9 a.m. – 12 p.m. ATM and Night Drop on location

Newnan 232 Bullsboro Drive • Newnan, GA 30263 Lobby Hours Monday – Thursday 9 a.m. – 4 p.m. Friday 9 a.m. – 5 p.m. Drive-Thru Hours Monday – Thursday 8:30 a.m. – 5 p.m. Friday 8:30 a.m. – 6 p.m. Lobby and Drive-Thru Hours Saturday 9 a.m. – 12 p.m. ATM and Night Drop on location

Peachtree City 1400 Commerce Drive • Peachtree City, GA 30269 Lobby Hours Monday – Thursday 8:30 a.m. - 4:30 p.m. Friday 8:30 a.m. - 5:30 p.m. Drive-Thru Hours Monday – Thursday 8:30 a.m. - 5 p.m. Friday 8:30 a.m. - 6 p.m. Lobby and Drive-Thru Hours Saturday 9 a.m. - 12 p.m. ATM and Night Drop on location

Regular Savings Accounts•Chri stmas or Vacation •

Club Accounts

Make Saving

Do you have a savings account, yet find it difficult to save? This is not uncommon – most people find it difficult to save. The problem is that most people save money as an afterthought. When they receive income, the money is usually allocated to bills, groceries, rent/mortgage or daily expenses, and only think of adding money to savings if there’s any left over. Unfortunately, this is backwards thinking because there is almost never any money left over.

Automatic Savings is Easy With Payroll Deduction or Direct Deposit.With today’s modern technology, it is very easy to set up an automatic savings plan. If you currently have direct deposit through your employer, you will find the easiest way to start saving is to have your pay directly deposited to your checking account with an allocation to a savings account occurring simultaneously. Even if you don’t have a checking account with the Credit Union, you can still open a savings account and have a set amount of money deducted to this account each pay period. It doesn’t matter if it is $10 or $500, simply having this happen automatically will ensure money is saved every time you’re paid.

If you don’t have direct deposit or payroll deduction through an employer, there’s still a way to have regular, automatic deposits made to a savings account. How? Have the Credit Union set up an automatic transfer between your checking and savings account to coincide with when you deposit your paycheck.

Call us today for more information about setting up an easy savings plan and start paying yourself first.

Credit Union Saving Services:Money Market Accounts•Certificates of Deposit (CDs)•Individual Retirement Accounts (IRAs)•

MEM

BER NAM

E _______________________________________________________________________________________________

TYPE OF LOAN _____________________________________________

ACCT # ____________________________________________

TYPE OF LOAN _____________________________________________

ACCT # ____________________________________________

TYPE OF LOAN _____________________________________________

ACCT # ____________________________________________

TYPE OF LOAN _____________________________________________

ACCT # ____________________________________________

MEM

BER SIGNATURE _____________________________________________________________________

DATE ______________

FE

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Our 2008 Annual Meeting will be held on Monday, April 21, 2008, at 6:00 PM at our Peachtree City Financial Center Branch located at 1400 Commerce Drive, Peachtree City, Georgia.

As a member of The Southern FCU, you own a portion of the Credit Union. Your share savings account qualifies you as a member-owner of the Credit Union and entitles you to vote for the individuals you would like to have represent you on the Board of Directors.

Here’s how it works:This year the Nominating Committee has submitted the names of George H. Collier, Michael Foran, and Randy Hobbs as nominees to fill three vacancies on the Board of Directors. All nominees will serve a three-year term. If there are no nominations made by petition, then these three nominees will be elected by acclamation and their election will be confirmed at the 2008 Annual Meeting.

2008 Annual Meeting of the Membership

Rules for Making Nominations by Petition:

• The individual must be 18 years of age or older.

• The petition must be signed by one percent of the membership with a minimum of 20 signatures and a maximum of 500.

• Each petition must include a statement of qualifications and brief biographical data on the person being nominated.

• The person being nominated must sign an acknowledgment stating that if elected, he/she is willing to serve.

• The petition must be received by the Credit Union at its main office in Fayetteville, georgia no later than close of business Friday, February 22, 2008.

If nominations by petition are received, then all members 18 years and older will receive a ballot in the mail with instructions on how to complete and return the ballot for tabulation. election results will be announced at the 2008 Annual Meeting.

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The Credit Union’s Supervisory Committee has ordered an independent audit of The Southern’s financial statements as part of a routine accounting process. The audit will be conducted by the accounting firm of Cynthia L. Coleman, CPA. Part of the audit includes the verification of select accounts chosen randomly. Therefore, you may receive a letter from Cynthia Coleman on our letterhead requesting that you confirm the account information contained in the letter. Should you have any questions or concerns, please contact the Telephone Service Center at (770) 719-1111 or 1-800-338-5882.

an independent aUdit

The first of a new year is the perfect time to make sure that the Credit Union has your accurate and current account information.

For example:• Do we have your correct address,

phone numbers, and email?• Has there been a change in your

joint owners or beneficiaries?• Do you need to reset your account password

and/or your TellerPhone access code?

If you need to update or change any of the above, please call the Telephone Service Center at (770) 719-1111 or 1-800-338-5882, or speak to a Branch Member Service Representative the next time your in.

For homebuyers, a rare window has opened. Now is definitely the best time to buy a home, as your buying power will never be as strong as it is today. We are currently in a buyer’s market and with today’s historically low rates it is the perfect time to buy your first home or maybe even a second home in your favorite vacation spot. The best real estate bargains always occur in buyers’ markets. Sellers tend to be more flexible and the current market offers an opportunity for homebuyers to have more selection at a lower price at the best interest rates. Simply put, this means that buying your home can be far easier and more affordable.

If you already own a home, you can take advantage of the lower rates on our Home Equity Line of Credit. Take this opportunity to consolidate your high-interest revolving debt, or get cash to use toward your dream vacation, home improvements, college tuition or anything else you can think of.

Browse our website to learn about today’s rates and programs, what you’ll need to apply, how easy it is to pre-qualify, and how we can help find the loan that’s right for you.

What are You Waiting For? NoW Is the time to Buy!

Account Housekeeping

Board of Directors’

Nominees are:

Mr. george h. Collier

In 1987, Mr. Collier retired as Regional

Duty Officer with the Federal Aviation

Administration (FAA), and in 1992

began service as a member of the

Board of Directors. Mr. Collier has

served as Chairman of the Board

since 1997 and has been a member

of The Southern Federal Credit Union

since 1965.

Mr. Michael ForanMr. Foran retired with the Federal

Aviation Administration (FAA) in

January of 2006. Mr. Foran has been a

member of The Southern Federal Credit

Union since 1973, which includes a

five-year hiatus from 1980 to 1984

due a transfer within the FAA. He has

served on the Board since 1999.

Mr. randy hobbsMr. Hobbs retired as Facilities Director

for Griffin-Spalding County Schools in

2003. Mr. Served as President of the

Griffin-Spalding Federal Credit Union

prior to its merger with The Southern

Federal Credit Union. Mr. Hobbs has

served on the Board since 1993.