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Annual Meeting Information:
Various committees will give an annual report and elections will be held.
Positions to be filled:
2 Board Members
2 credit Committee Members
*Positions are available on the Board and Credit Committee. Any member interested in running is encouraged to do so. This is your opportunity as a member to get involved with the way your financial institution is run. The Board of Directors is responsible for setting policies and procedures that are followed by the Credit Union. The Credit Committee is responsible for approving loans following policies put in place by the Board.
**If interested in running for the above positions, please call the Credit Union at 440-777-2009.

PLEASE PLAN TO ATTEND THE ANNUAL MEETING
*** DOOR PRIZES *** REFRESHMENTS ***

(See your latest newsletter for a coupon)

VISA Credit Cards

Services Credit Union is now partnering with us to be offering this Visa Card Program.  So why settle for a credit card from just anybody, especially when our Visa offers you exceptional savings, terrific convenience, and more.  Apply by phone: 1-888-415-6154, via the Internet: https://mycucard.com/ or call 440-777-2009 for an application.

Important Notice for Checking Account Holders:

There are several members that have not been balancing their checkbooks. If the account has NSF funds when checks are clearing they will be returned that day with a $30.00 NSF fee. If funds are in your savings, there are 2 courtesy transfers; thereafter there is a $2.00 transfer fee.

Did you know...

The North Olmsted School Employees Federal Credit Union offers a comprehensive first mortgage program to serve members needs? We have partnered with a leading mortgage company devoted to the needs of credit union members. Over 150 programs are available for refinanced and purchase of primary residence, second home or rental property.

Additionally, pre-approvals are available with quick underwriting decisions. The process is easy and convenient. Just call the office at 440-777-2009.

Check out our Mortgage page for more details.

US Patriot Act

New members may be required to provide additional forms of identification due to the requirements of the US Patriot Act. Your cooperation is necessary.

Soldier & Sailor's Civil Relief Act:

If you have been called to active duty, please call us immediately. This includes all persons in the National Guard, Reserves, Army, Navy, Air Force, Marine Corps, or Coast Guard. Persons training under the supervision of the U.S. as preliminary to introduction to military service, officers of the Public Health Service detailed for duty with the military services, and all persons who have been ordered to report for induction are included.

Important Information For You:

Credit Reports

The Fair and Accurate Credit Transactions Act signed into law on December 1, 2003 gives you the right to check your credit report annually... for free! Checking your credit report is a good way to make sure that your credit is accurate. A low credit score puts you at risk of lower credit limits, higher rates on your existing credit and denial of future credit requests. Make sure all the accounts on your report are yours. Also check to see if there are any reports of late payments that you disagree with. Finally, look for information about credit cards you have forgotten about and would like to cancel.

Internet: www.annualcreditreport.com
Mail: Annual Credit Report Request Service
P.O. Box 105821
Atlanta, GA 30348-5281

Consumers can also purchase an analysis of their credit scores and credit reports for $12.95 online at www.myfico.com or from www.equifax.com   Equifax will also provide a report on how lenders interpret them.  The scores range from 300 to 850, anyone with a 620 or above can typically secure a loan with a decent interest rate, providing that income and employment history are favorable.  Reports will help you determine how to best raise your score.

Protection Against Lemons

Credit Unions can now protect their members  and themselves from lemons.  CUNA has a long-term relationship Carfax, a vehicle history service, to provide a database of vehicle problems such as manufacturer buybacks, salvages, odometer rollbacks, and flood damage.  To receive a report go to "Lemon Check".

Inactive Accounts:

These are accounts that have had no activity for 36 months or more. Effective 10/1/00, fees will be charged to all non-interest bearing accounts (balances of less than $100) that have not been used for 3 or more years and the member does not use other Credit Union services. We hope this will renew interest in the products and services that we offer. It is expensive to maintain these accounts, and in trying to serve the best interest of all our members, it was necessary to write a policy regarding these accounts. Please call us if you have any questions about this new policy.