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TexStar
Federal Credit Union
V o lum e
I s su e
O c t ob e r 20 1 4
CREDIT UNION NEWS
President
Erwin Tschoepe
Vice-President
Debbie Witte
Secretary
Jan Anderson
Members
Tom Champagne
Jo Ann Gutierrez
Kathy Oehlke
Roger Overby
All eligible* members of TexStar FCU will have the opportunity to skip their loan
payments in November and their MasterCard payments in November, or December (depending on their billing cycle).
Loan Payments - Members interested in skipping a loan payment should read the
terms as explained on the form on page 3 of this newsletter, and sign and return it
by October 17, 2014.
MasterCard Payments - Members who have either a gold or standard credit card
should check their November MasterCard statement for information concerning
the skip a payment option.
The Board, Management and Staff wish the membership a Happy Holiday Season.
* Some restrictions and fees do apply. Members should carefully read the enclosed form for
skipping loan payments and their credit card statements in November for restrictions to skipping MasterCard payments.
Thank You Volunteers!
Richard Robinson
Jay Streeter
CREDIT UNION
STAFF
Treasurer/Manager
Ron Hyde
Office Manager
Tina Garcia
Member Services
Melissa Sutton
Victoria Moczygemba
Special Projects
Ruben Garcia
"Not for profit, not for charity, but for service" has long been a credit union mantra. That philosophy is exemplified by our dedicated volunteers who serve on the
TexStar Federal Credit Union’s Board of Directors and committees, and for that,
we are grateful. As volunteers, they contribute their time and talents in service to
members. As careful stewards of the funds entrusted to the Credit Union, they
base their decision-making on what's best for all members, not a select few. Elected
by fellow members, the Board is responsible for the long-term success of the Credit
Union. Thank you to our volunteers! You are part of what makes the Credit Union
unique.
The current members of the Board of Directors are listed above. Others who have
contributed their time and efforts to the Credit Union, either as Board members or
by serving on the Supervisory, Credit or Nominating committees include:
Lee Ann Schultz - Kenedy
Marvin Crutchfield - Kenedy
Rosemary Burkett - Hobson
Randy Witte - Karnes City
Carolyn Lewis - Kenedy
TexStar
Federal Credit
Union
209 West Main St.
Kenedy, Texas
78119
Phone: 830-583-3443
Toll Free: (888)-583-3443
Fax: (830)-583-0203
Extension Numbers:
Tina Garcia
10
Melissa Sutton
11
Victoria Moczygemba
12
Ruben Garcia
13
TexStar website
www.texstarfcu.com
Thank You Vets
November 11 marks Veterans Day,
the official day on which we honor all
those who have served in the U.S.
Armed Forces. On this day, celebrations and sentiments are devoted to
expressing deep gratitude and appreciation to all living veterans for their
service. Events across the country,
most notably a wreath-laying ceremony at the Arlington National Cemetery, help commemorate this important federal holiday. In 2001, November 11-17 was also deemed National Veterans Awareness Week, a
time dedicated to teaching young people about the contributions and sacrifices of veterans.
It is so important during this time of
year, and each and every day, to remember that "freedom is not free."
Please take a moment to thank the
dedicated military members (past,
present, and future) who have given so
much to preserve the liberties we enjoy every day in America. We salute
you!
July - Alex Martinez - Floresville
Jacob Jandt - Jourdanton
August - Earline Rabe - Seguin
Dianna Kneupper - New Braunfels
September - Natalie Garcia - Kenedy
Eduardo Alvarez - Laredo
To be eligible for shares prizes you must be
a member of the Credit Union and have
deposited at least $5.00 to your savings
account during that month.
The Credit Union office will be
closed in observance of the
following holidays:
Columbus Day - October 13
Veterans Day - November 11
and 28
Christmas - December 24, 25
and 26
Monday - Friday
Closed 12:00 - 1:00 PM
for lunch
The following members are winners in
the Credit Union monthly drawing for
$50.00 shares prizes:
Thanksgiving - November 27
Hours
8:30 AM - 4:30 PM
SHARES PRIZE WINNERS !
CMFG Insurance Co. to
Terminate Life Savings Insurance
As mentioned in previous newsletters
TexStar FCU insurance partner
CUNA MUTUAL GROUP will terminate the Life Savings Insurance coverage provided to members at no direct
cost. The policy will expire on
December 31, 2014.
On page 4 of this newsletter is a copy
of a letter from the company explaining why the coverage is being terminated and also, how members may
convert their coverage to a guaranteed issue Primary Protection Plan.
Please call the office if you have any
questions concerning this matter.
New Year’s Day - December 31
and January 1
www.texstarfcu.com
TexStar Federal Credit Union
209 West Main, Kenedy, TX 78119
Toll Free: 888-583-3443
Fax: 830-583-0203
email: [email protected]
The TexStar Federal Credit Union Board of Directors is pleased to announce its “skip a payment” option, which is
available to members for the month of November 2014
Members wishing to participate may do so by signing the form below and returning it to the Credit Union office by
October 17, 2014
Members should note the following conditions:
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There will be a $25.00 fee per loan that is skipped. Please indicate below how you will make payment of this fee.
Skipping a loan payment will affect the coverage of credit life or disability insurance added to the loan. Coverage
by either of these cannot extend past the disclosed date the loan was to be paid off.
Requests to participate will not be accepted by phone.
This form should be returned to the Credit Union office by mail, fax, email, or in person.
Members who are making payments on mobile home loans, making their first payment on loans, or are delinquent
in making payments on any loans are not eligible to participate.
Loans which are under collateralized will not be eligible.
All signatures are strictly required, including those of joint borrowers and co-makers of loans.
This form does not apply to MasterCard skip payment. Members should check their November MasterCard statement for information concerning that skip a payment option. There is no fee for skipping the MasterCard
payment.
I, _________________________________ would like to take advantage of the TexStar Federal Credit Union offer to
(Please print)
skip my monthly loan payment (s) for loan (s) ________________________________________ for the month of
November 2014.
(List individual loans by letter A,B,C etc., or write “all”)
I wish to pay the $25.00 fee per loan (check one)
by enclosed check or money order
Union staff to debit the amount from my shares account.
by allowing the Credit
I understand that this will extend my note one month from the original disclosure date, therefore there will be additional finance charges and that credit life and disability insurance cannot extend past the disclosure date.
______________________________
Borrower Signature
_________________________________ _______________
Joint Borrower Signature
Date
The co-makers on loans of members who participate in “skip a payment”, by signing below, agree to the extension of
the loan from the original disclosure date and acknowledge that there will be additional finance charges added to the
loan.
___________________________
______________________________
_________________
Credit Union staff use only.
For this member the following loans are eligible for skip a payment. ____________________________________________
For this member the following loans are not eligible for skip a payment. _________________________________________
For this member no loans are eligible for skip a payment. _____________________________________________________
Notice of Life Savings
Insurance termination
At CMFG Life Insurance Company (CMFG Life), we regularly evaluate our products to ensure
we are delivering value to the credit unions and members we serve. Due to a significant decline in demand from credit unions and their members, we have made the difficult decision to
exit the Life Savings product currently offered to you through TexStar Federal Credit Union.
Life Savings was developed more than 75 years ago and has been in a steady state of decline for the last several years. Life Savings is structured as a monthly policy where the credit
union pays the premium for each month, rather than building equity over time.
insurance w il l expi re on Decembe r 31, 2014.
This insurance has been provided at no direct cost to you for eligible deposits. Coverage on existing eligible deposits will cease on January 31, 2015. That means, if you should pass away on
or before January 31, 2015, your beneficiaries should submit a claim with your credit union immediately.
We know many of you value the peace of mind and security that life insurance provides. That's why
we wanted you to know you can convert your Life Savings coverage to a
provide life insurance coverage
up to $2000. If you decide to take advantage of the conversion option, you must apply by January
31, 2015. You will be responsible for premium payments, and your new policy will be effective after
you complete the application process.
Your premiums will be based on your age at time of application.
premium
payment directly to CMFG Life by January 31, 2015 inorder to receive coverage.
you have the right type and
amount of insurance protection for you and your family based on your current and future needs.
Sincerely,
Jim Power