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The Blue House NEWS
September 2009


Salem County School Employees Federal Credit Union
31 East Avenue, Woodstown NJ 08098
Phone 856-769-3452 Fax 856-769-3455

Hours Monday to Friday Noon-4:30 p.m.

54 years,
About 1500 members,
Over 4 million dollars in assets!
 

What a great Credit Union we have been and now our Board of Directors and our members have voted to merge with another Credit Union--CUMCO!  We will have the OPPORTUNITY to extend our YEARS, EXPAND our MEMBERSHIP and INCREASE our ASSETS!  Plus new services will be added while maintaining our personal contacts with real live people.  Hours will be extended.  Our new Credit Union will be networked with other credit unions.  We can get cash or deposit our earnings, winnings, or settlements while on vacation!   You’ll be surprised at the new services available!  A new name must be chosen for our NEW CREDIT UNION.  Any suggestions?

GREEN FUTURE????
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MEMBERSHIP DRIVE

All staff of public and private schools in Salem County, their husbands, wives, children, grandchildren and others living with members can be members.

HAVE THEM JOIN THE CREDIT UNION!!

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NEED CASH???? USE YOUR CREDIT UNION!!!

Come in or go online for an application.  Go to our website – www.scsefcu.com and click on loans. Print out the application, complete it, and bring it in to our office or you can mail or fax it to 856-769-3455.  If you have any questions call us at 856-769-3452 and speak to a live person, Carol. By the way, when we complete our merge with CUMCO, we will still speak with a live person!!!!

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More than half of our assets are loans to ourselves

$2,400,000 in Loans!!!

Most are unsecured loans

We must be good lenders!!
 

PERSONAL LOAN RATES FOR SEPTEMBER 2009

10.5%  2 years
13.5%  3 years
14.0%  4 years

Personal Loan Qualifications:

A.  1 year employment* Maximum $2,000 with a 2 year payback

B.  Over 1-4 yrs continuous employment.*  Maximum $4,000 with a 3-year payback.

C.   Over 4 yrs continuous employment.*   Maximum $5,000 with a 4-year payback.

D.  Maximum $5,000.00 with 600 & over Isaac Risk Credit Score.

*Employment does not have to be with a school

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Of course, we still offer new and used vehicle loans, tuition loans, and share-pledge loans.  (Click here current rates:  Loan Rates  )

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Mortgage shopping??

Don’t forget to call Mortgage Resource Center at 1-800-732 5182 or visit them at www.mtgresourcecenter.com for up-to-date rates.

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**Board of Directors reserves the right to change loan rates at any time **  


Norma Sweeney
 Norma Sweeney, President of Board of Directors
 856-935-0771
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