What's New at SCU?

SAFE AND SECURE AT STATE CREDIT UNION

With all the gloom and doom in the financial markets these days, we thought you might like to know that your credit union is in excellent financial health. Because we are conservative in the way we invest and lend the funds entrusted to us by our member-owners, we are not suffering from the problems facing the mortgage and banking industries. It might be reassuring to know the following:

1. SCU has plenty of liquidity with nearly $40 million in overnight funds, an additional $60 million in term investments and unused lines of credit of nearly $100 million.

2. Your credit union has reserves and undivided earnings totaling approximately $53 million.

3. Year-to-date earnings exceed $2.7 million.

4. Our loan delinquency ratio is as low as it has been during the past 8 years.

5. We sell and transfer servicing of fixed-rate mortgage loans with terms of more than 15 years.

And, of course, your deposits are insured for up to $100,000 (up to $250,000 in IRAs) by the National Credit Union Administration, an agency of the United States Government.

Learn more about NCUA insurance and how it protects your funds. (PDF)

Estimate the NCUA insurance on your SCU accounts.

(Opens the Federal NCUA Web site estimator in a separate window.)

You can sleep soundly knowing your money is safe at State Credit Union.

BILLPAYER UPGRADE

Effective July 27, 2008

Watch for some new user-friendly features and coming to online BillPayer soon:

Increased security with e-mails that alert you when a new bill is added, or, whenever the name, address or account number has been modified for an existing biller.

The Payment Assistant feature will now display the biller category and phone number.

A multiple e-Bill sign up form saves you time. Click on any e-Bill icon from the Payment Center and view a complete list of your billers that offer e-Bills. You can then sign up for all of your e-Bills from one convenient location.

You'll have a new option of applying any biller changes you make to all of your scheduled and pending payments just by checking a box on the Biller Update screen.

Browser support will be provided for those browsers that are used by 95% of the U.S. population.

This upgrade will be automatic; you don’t need to do anything. All of your biller and payment information, including addresses, details, scheduled payments and bill history will remain in place. Just watch for some minor screen changes and the enhancements mentioned above when you log in to BillPayer after July 27.

CLEMSON FOOTBALL TICKETS

Your State Credit Union membership entitles you to special group ticket prices for the following Clemson home football games, while supplies last:

The Citadel September 6

North Carolina State September 13

Maryland September 27

Group Rate - $16.00 per ticket

(Based on availability)

Beginning July 7, order your tickets conveniently online as follows:

1. Go to: www.clemsontigers.com

2. Click: Group Ticket Window (rotating button about mid-way down the page)

3. Sign in ID: credit union (lower case)

4. Password: tigers (lower case)

5. Continue through the remaining steps to purchase your Group Tickets.

You will need a credit or debit card to complete your transaction. Tickets will be mailed in mid-August. For information on purchasing individual tickets to other games at regular prices based on availability, visit www.clemsontigers.com.

eBILLS

Save, print and view your SCU Visa statement electronically

for greater security and easier storage.

BillPayer users have a new eBill option: State Credit Union’s Visa statement. When you choose an eBill of your SCU credit card statement, you can download, save or print the statement to keep as long as you like. Six months of statements are stored online. Your paper statements will be discontinued within 60 days.

Plus, you can set up e-mail reminders to let you know when your bill is due, when your statement is available and when payment is sent, just like with the other billers you establish. Within BillPayer, go to Manage my Bills and choose the biller to modify.

Learn more about BillPayer here.

TERI Rollover?
We Can Help

If you or someone you know is a TERI participant facing retirement in the near future, you have some financial decisions to make. It's well worth your time to review your plans with an experienced financial advisor from our partner Anderson & Strudwick. There's no cost and no obligation and you'll almost certainly learn something new about how to handle your funds. A few tips:

* PLAN AHEAD. You have only 30 days to rollover your funds after exiting the TERI Plan to maintain your tax deferred status. Otherwise, the money sent to you is taxable immediately and additional penalties may apply.

* MAXIMIZE YOUR OPTIONS. Anderson & Strudwick offers unlimited investment options, including mutual funds, bonds, stocks, money market accounts, variable and fixed annuity products, third party money managers, real estate investment trusts, unit investment trusts and more. You can allocate your money into numerous investments within the same IRA account, thereby keeping your tax deferred status, while still diversifying your funds.

Request a no-obligation appointment: Just call Michelle Miller at (803) 251-8567 or 1-800-868-8740, ext 8567. Or, e-mail Michelle at mmiller@scscu.com. (Please provide your name, phone number and best time to reach you. Please, no confidential information in this e-mail request.)
Investment Products and Investment Services offered through Anderson & Strudwick, Inc. Member FINRA/SIPC. Not insured by NCUSIF/May Lose Value/Not a Deposit of or Guaranteed by the Credit Union or any Credit Union affiliate.

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