Members shine in VACU commercials Our sincere thanks to these members who represented their credit union so well. Watch for billboards in the Richmond area this summer and more television advertising in the fall.
You could be the next winner. Just refer a friend or family member who joins the credit union and you’ll both be entered to win $250! Who can join? In addition to state employees, retirees, college students, teachers and their families, your credit union also serves many others. Now eligible are individuals who live, work, attend school, volunteer or worship within the boundaries of the cities of Richmond, Petersburg and Fredericksburg or the counties of Nottoway, Buckingham and Prince Edward, including the town of Farmville. If you would like to refer someone to the credit union but are not sure who is eligible for membership, you can find a full list of eligible member groups on our web site or call us for assistance. Beware of e-mail “phishing” scams Phishing is when scam artists, posing as reputable companies, send e-mails to try to trick you into sharing your personal or account information or even your Home Banking logon information. Be alert to e-mails pretending to come from Virginia Credit Union and other legitimate organizations. Scam artists are devious and use many different techniques to trick consumers. Be very cautious. We appreciate the many members who have alerted us to fraudulent e-mails. Virginia Credit Union will never ask you to provide, update or verify personal or account information through unsolicited e-mail. Do not respond to any e-mail that asks for this information. Visit our web site to get more information about phishing and other scams. Please call us if we can help you. Farmville branch to open this year Watch for our newest branch opening in Farmville this fall. The full-service branch will include a drive-up teller window and 24-hour ATM, plus a walk-up ATM. The branch will be at 100 Mid Town Square on South Main Street, near Longwood University. You can use Credit Union Service Centers in Virginia and across the country to make deposits, withdrawals and payments on your Virginia Credit Union accounts. Here are 3 new locations in Virginia. Hayes (Gloucester County), VA Christiansburg, VA Lynchburg, VA Get a complete list of Service Centers online or call toll-free (800) 919-2872. Please be aware that policies and procedures may be different than at Virginia Credit Union branches. Students, join VACU now to apply for a $2,500 scholarship in 2008 Will someone in your family be in college next year taking at least nine credit hours per semester? If they’re not yet a Virginia Credit Union member, get them to join by September 29, 2007 to be eligible to apply for a scholarship for the 2008-2009 school year. Twenty-five $2,500 scholarships will be awarded. Congratulations to this year’s 25 scholarship winners!
Tenescia Baker Notice to Members from the Nominating Committee: As members-owners, you elect a Board of Directors to represent you. The Nominating Committee is currently seeking nominations for Virginia Credit Union’s Board of Directors. Three positions, each with a four-year term, are up for election at the Annual Meeting in April 2008. All Board members are volunteers who receive no compensation for their time. To be eligible for consideration for nomination to the Board, a nominee must be a Virginia Credit Union member. He or she must be willing and able to make a personal commitment through consistent attendance and active participation at Board and committee meetings and educational sessions. Additional details are included with the application package. If you or someone you know would like to be considered as a candidate for the volunteer Board of Directors, please request an application package by sending a request by e-mail or by calling Fay Browning at (804) 560-5619 or (800) 285-5051, ext. 5619. Candidates must submit an application by 5:00 p.m. on September 14, 2007. The Nominating Committee will then review applications and will communicate with nominees. Early in 2008, members will receive information about the individuals whose names will be presented as nominees by the Nominating Committee. To allow for advance notice to members about the nominees, there are no nominations from the floor at the Annual Meeting. Your Board of Directors has elected Ray Goodwin as Board chairman. He has served on the Board since 1986, and is former Deputy Commissioner of the Virginia Department of Social Services. He currently provides consulting assistance with health and human services through his firm Goodwin and Associates. Other Board officers are Belinda Blanchard, vice-chairman; and Raymond Vaughan, secretary/treasurer. Get cash with the equity in your home A home equity loan or line of credit from your credit union can be a great low-cost source of funds. Use it to make home improvements, pay for college tuition or consolidate debt.
Call or visit our Home Equity web page to find out more today. APRs are as of 6/15/2007. Call for current APRs and other options. LTV = loan to value. Not all borrowers qualify for these APRs. For Equity Line, APR varies and is: 7.25% for LTV 80% or less; 8.25% for LTV 81-90%; and 9.25% for LTV 91-100%. Maximum APR is 18.00%. For Equity Loan with LTV of 80% or less and automatic payment, APR is fixed at: 6.75% for 12-60 month term; 6.75% for 61-120 month term; and 7.75% for 121-180 month term. Property insurance is required. If loan is paid off or line closed within three years, reimbursement of closing costs is required.
Contact us anytime we can help you. Thank you for using your credit union.
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Have you noticed the recent Virginia Credit Union television and radio commercials? As owners in their not-for-profit cooperative, eleven members are helping to spread the word about credit union benefits. 
Members Rebekah Beavon and Robyn Beavon each won $250 for April and Douglas Twiddy, Jr. and Heather Sydnor each won $250 for May. 
The following Virginia Credit Union members are recipients of the 2007 Dorothy J. Hall Scholarship:
Why use your credit union?
