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SE C OND Q ua r t e r
2 015
Arkansas Federal Credit Union
Protect the Ones You Love
STORM SHELTER
LOANS
AS
LOW
AS
4.99
%
APR
Stop by your local service center or
call 800-456-3000 to learn more.
Federally insured by NCUA
Members Elected to Board of Directors
Board of Directors
Arkansas Federal Credit Union’s 59th Annual Membership Meeting was held on Thursday, March 26, 2015.
Two members were elected by acclamation to serve a three-year term on the credit union’s Board of
Directors. Those members are Phillip Boudreaux and Bill Shrigley.
Jerry E. Spratt, Chairman, CPA, CFE, CGFM, CFSA
Art Williams, Vice Chairman
Phillip B. Boudreaux, Treasurer
Garold L. White, Secretary
William Shrigley, Director
Arkansas Student Wins $5,000 in AFCU Bank Shot Competition
Brendan Oman, a University
of Arkansas senior, won
$5,000 for sinking four shots
in a row, culminating with a
half-court shot in Arkansas
Federal Credit Union’s Bank
Shot competition. Oman won
the competition during the
game against Missouri on
February 18.
Supervisory
Committee
Robert Rodgers, Chairman, CPA
Jay Simmons, Secretary
Don Greene, Member
Jon Moore, Member
Vondra Armstrong, Member
The Bank Shot competition
happened at every Razorback
men’s home basketball game
AFCU President/CEO Rodney Showmar presents Brendan Oman with a check for $5,000 at in January and February.
the Razorback Basketball game on March 7.
Game attendees were able to
sign up for the competition
in Bud Walton Arena prior to the game. The randomly selected attendee would then have a chance to
win money for shots taken on the court.
Oman, a Little Rock native, said the time he was selected was his second time to sign up for the competition.
He took shots from under the basket on each side of the goal before moving on to the free throw line, and
then moving on to the half court line. His half-court shot was featured on ESPN’s top 10 plays of the day.
“Being on ESPN was a dream come true. I never thought it would happen. But, I liked winning the $5,000
better,” Oman said.
Oman, a civil engineering major, was awarded his winnings by AFCU President/CEO Rodney Showmar at
the game against LSU on March 7.
Holiday Closings
Arkansas Federal will be closed in observance
of the following holidays:
• Memorial Day,
Monday, May 25, 2015
Arkansas Federal wishes you and your family a
safe and happy holiday.
Oman, who is set to graduate in December of this year, said he plans to save most of his winnings.
WE’RE SOCIAL!
To keep up with all of the latest information
AFCU to Host Shred Day
from your credit union, follow us on Facebook,
Instagram, and Twitter.
Shred your documents and help keep your family’s identity safe!
Facebook.com/ArkansasFederal
Arkansas Federal Credit Union is partnering with Cintas to host
Shred Day on Friday, April 10th, from 10 a.m. – 2 p.m., or until the
truck is full, at the Jacksonville Service Center located at 2424
Marshall Road.
Instagram.com/ArkansasFederal
or @ArkansasFederal
Protect your identity, along with your family and friends, by
bringing bags and boxes filled with your unwanted documents.
Twitter.com/ArkansasFederal
or @ArkansasFederal
We’ll immediately shred your documents onsite for FREE. You DO NOT have to remove staples, paper clips,
binder clips or manila folders. We CANNOT shred binders, cardboard, plastics, hard drives, computer discs
or floppies.
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Central Arkansas
501-982-1000
Toll-Free
800-456-3000
Fax
501-982-FAXX
Email
[email protected]
Federally insured by NCUA
Arkansas Federal Presents $20,000 Check to Arkansas Children’s Hospital
Arkansas Federal Credit Union,Arkansas Children’s Hospital Foundation employees, and ACH daycare attendees celebrate the $20,000 donation from the AFCU Swipe2Give campaign.
Arkansas Federal Credit Union President/CEO Rodney Showmar presented a $20,000 check to Arkansas Children’s Hospital February 11, 2015. The monies were raised
by members swiping their AFCU credit or debit card during the last two months of 2014. A portion of the proceeds from each individual swipe went toward the
$20,000.
ACH was chosen as the recipient through an online voting process that was open to the public. In November 2014, AFCU asked the public, via Facebook, to nominate
their favorite local charity to receive up to $20,000. After two weeks of nominating, the top five nominees went to a vote. The top five were ACH, CARTI, Habitat for
Humanity of Pulaski County, Ronald McDonald House Charities, and Pathfinder, Inc.
There was then a six week voting period, where the public could vote once a day per person via Facebook for one of the top five charities. Voting was also encouraged
by AFCU on Twitter and Instagram (@ArkansasFederal). There were a total of 10,495 votes and of those ACH received the most with 4,920 votes.
GoBankingRates Names AFCU Among Best Credit Unions, Banks in Nation
Arkansas Federal Credit Union is among the 41 Best Banks and Credit Unions of 2015, according to GoBankingRates.
AFCU is the only Arkansas-based financial institution on the list. This honor came shortly after being ranked #2 of the top Military Banks and Credit Unions in the
nation for 2015. AFCU is described on the GoBankingRates website as being chosen among the top 41 financial institutions in the nation for having more than 500
select employer groups, plus military, being eligible for membership. In addition, the website identified offering perks of interest-bearing deposit accounts, and
offering other unique accounts like a health savings account.
AFCU was chosen as #2 for the top military financial institutions based on the following criteria: a free checking account option, low-fee or free ATM use and ATM fee
reimbursement, yields on savings accounts and one-year CDs, scope of products and services, a mobile app and remote deposit, financial education programs, and
BauerFinancial Star Ratings for overall financial strength.
“Team AFCU is excited to be recognized as one of the best financial institutions in America for serving our military members. Since our beginning in 1956 we have
been and will always be committed and proud to serving those who serve us,” AFCU President/CEO Rodney Showmar said.
GOBankingRates is a national website dedicated to connecting readers with the best interest rates on financial services nationwide, as well as informative personal
finance content, news and tools.
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Your Privacy Notice
This is your privacy policy disclosure and instructions. It contains important information concerning our privacy policy and includes necessary
disclosures as required by the Gramm-Leach-Bliley act (15 U.S.C., CH. 94, §6801 ET SEQ.) and the national credit union administration rules and
regulations (12 CFR 716). Please be certain to read these disclosures and instructions carefully and notify us at once if any parts are unclear.
FACTS: What Does Arkansas Federal Credit Union Do with Your Personal Information?
Why?
Why?
Financial companies choose how they share
Your personal information. Federal law gives
consumers the right to limit some but not all
sharing. Federal law also requires Us to tell You
how We collect, share, and protect Your personal information. Please read this notice carefully to understand what We do.
What?
What?
The types of personal information We collect
and share depend on the product or service
You have with Us. This information can include:
• Social Security number and income
• account balances and payment history
• credit history and credit scores
When You are no longer Our member, We continue to share Your information as described in
this notice.
How?
How?
All financial companies need to share customers’ personal information to run their everyday business. In the section below, We list the
reasons financial companies can share their
customers’ personal information, the reasons
Arkansas Federal Credit Union chooses to
share; and whether You can limit this sharing.
Does the Credit
Union share?
Can You limit
this sharing?
For Our everyday business purposes - such as to
process Your transactions, maintain Your account(s),
respond to court orders and legal investigations, or
report to credit bureaus
YES
NO
For Our marketing purposes - to offer Our products
and services to You
YES
NO
For joint marketing with other financial companies
YES
NO
For Our affiliates everyday business purposes information about Your transactions and experiences
YES
NO
For Our affiliates everyday business purposes information about Your creditworthiness
NO
WE DON’T
SHARE
For Our affiliates to market to You
NO
WE DON’T
SHARE
For non-affiliates to market to You
NO
WE DON’T
SHARE
Reasons We can share Your personal information
Questions?
Call 501-982-1000 or 800-456-3000, or write to us at: P.O. Box 9, Jacksonville, AR 72078
What We do
How does Arkansas Federal Credit Union
protect my personal information?
To protect Your personal information from unauthorized access and
use, We use security measures that comply with federal law. These
measures include computer safeguards and secured files and buildings.
How does Arkansas Federal Credit Union
collect my personal information?
We collect Your personal information, for example, when You
• open an account or deposit money
• pay Your bills or apply for a loan
• use Your credit or debit card
We also collect Your personal information from others, such as credit
bureaus, affiliates, or others.
Why can’t I limit all sharing?
Federal law gives You the right to limit only
• sharing for affiliates’ everyday business purposes – information about
Your creditworthiness
• affiliates from using Your information to market You
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• sharing for non-affiliates to market You
State laws and individual companies may give You additional rights to
limit sharing.
Definitions
Affiliates
Companies related by common ownership or control. They can be
financial and non-financial companies. Our affiliates include
companies such as: BAFS, PSCU & CO-OP/CUSC.
Non-Affiliates
Companies not related by common ownership or control. They can be
financial and non-financial companies. Arkansas Federal Credit Union
does not share with non-affiliates so they can market You.
Joint Marketing
A formal agreement between non-affiliated financial companies
that together market financial products or services to You. Our joint
marketing partners include categories of companies, such as:
• financial service providers
• insurance companies
Copyright Oak Tree Business Systems, Inc., 2011-2013. All Rights Reserved. OTBS 060 Web ARKA (12/13)
Data Security: How Your Credit Union is Looking Out for You
As data breaches at merchants continue to permeate the news, we want you to know that Arkansas Federal Credit Union is ready to help if your personal or financial
data is ever compromised. We take service to our members seriously and will do everything we can to ensure that action is taken – quickly – to help you avoid
becoming a victim of identity or account theft.
Your credit union is subject to strong data security standards established by Congress and federal regulators. While data breaches can happen anywhere, we are
ready with a plan designed to ensure the safety and confidentiality of your sensitive data.
Unfortunately, merchants and retailers aren’t subject to these federal requirements. Many of them follow their own data security standards, but, as the crush of data
breaches over the last couple of years has shown, these self-imposed merchant standards are no substitute for a stronger federal standard.
When it comes to protecting your personal information, every measure counts.
When your debit or credit card data is breached at a merchant, the cost of card replacement or account reimbursement to you is typically paid by your credit union
and not the retailer where the breach occurred. Unfortunately, this can become a very expensive proposition for the credit union, as we are often never reimbursed
for these costs by merchants—as there is no liability requirement on them to pay for data breaches that occur on their watch.
We want you to know that in the event of any breach affecting your accounts, this credit union will always do what we can to make you whole. In the meantime,
credit unions around the country are leading the effort to get Congress to pass legislation ensuring merchants and retailers meet a national standard for protecting
any of your financial data they collect when you make a purchase and are held liable for breaches that occur on their end. We hope you will support us in this effort.
While we can’t control what happens at merchants and retailers, we want you to know that AFCU will do everything we can to assist you and your family if a breach
does occur when you use your debit or credit card. You can always feel free to reach our Member Service Center at 501-982-1000 or 800-456-3000.
ATM Deposits
AFCU Volunteers with Habitat for Humanity
As of March 16, 2015 Arkansas Federal Credit Union no longer accepts
deposits through our ATMs.
As your financial cooperative, we continually strive to use members’ resources
wisely, make sound decisions, and run our operations as efficiently as possible.
With less than two percent of members utilizing this service, we have chosen
to discontinue the ATM deposit option. This allows us to continue to offer
new products and services and keep up with technological advances that
benefit AFCU’s membership as a whole.
We offer several alternative ways to make a deposit that include: AFCUDeposit
Mobile app, night depository at any of our Service Centers, or mailing in your
deposit.
We apologize for any inconvenience this change may cause. If you need
any assistance, please visit any of our service centers or you may contact our
Member Service Center at 501-982-1000 or toll-free at 800-456-3000.
The Banner is the official quarterly publication of Arkansas Federal Credit
Union. Comments and suggestions should be addressed to:
Marketing Department
Arkansas Federal Credit Union
P.O. Box 9, Jacksonville, AR 72078-0009
The Arkansas Federal Credit Union Banner Newsletter does not represent
legal, accounting, or other professional advice. Although we try to ensure
the information contained is accurate, no party assumes liability for loss or
damage due to dependence on this material.
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We also have over 5,000 offices at
Credit Union Service Center locations in
all 50 states and eight foreign countries
to serve you. To find a location near you, go to
www.co-opsharedbranch.org
We do business in accordance with
the Federal Fair Housing Law and the
Equal Credit Opportunity Act.
NMLS 418494