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Kemba Delta Federal Credit Union's
Hassle-Free Loan Promotion
Let us take the "Hassle" OUT of borrowing one more time!
• Get $750 / $1,000 / $1,500 cash with
NO CREDIT CHECK!
This is a perfect time to get your relatives to JOIN Kemba and then IMMEDIATELY qualify for this exciting Hassle-Free Loan Promotion!
Offer good the month of Novermber 2008!
Current Hassle Free Loan applicants will receive their application via mail by
September 15, 2008. Return your application before October 15, 2008 to be
considered for early funding on your loan.
Please call Kemba for details toll free at 1-888-725-3622 or locally at
901-795-9055.
Got the New Car Bug?
Get the Same Great Rate On New or Used Vehicles
If you've got the new car bug, don't fly around looking for financing, just buzz into Kemba for great rates and repayment options. Whether you're considering
showroom new or gently used, KDFCU can finance your purchase with a rate as low as
4.75 % APR.* There's never an application fee at your credit union. Call 1-888-725-
3622, 1-901-795-9055, or stop by our office to apply.
Already Financed Somewhere Else?
We'll reduce your rate by up to 2.00% and save you money!
If you financed a vehicle at the dealership or with another financial institution, you're probably paying more than you have to! The
good news is that it's not too late to lower your interest rate and your monthly payments. For a limited time, we'll reduce your current
rate by as much as 2.00%** and help you start saving right away. Call us today for a no-obligation comparison.
*Credit restrictions apply and rates are subject to change.
**Special refinancing offer does not apply to loans currently financed at KDFCU. A minimum interest rate of 5.75 % APR applies to all vehicle financing.
Start Your Christmas Shopping Early This Year!
Instead of mailing out Christmas Club checks this year, your credit union will deposit your Christmas Club funds directly into your share account.
We will make this deposit on November 1, thus allowing you the ability to begin withdrawing from that date forward. By beginning this new method of
disbursing our Christmas club funds, you will have the benefit of faster access and the ability
to withdraw only the amount you need for your holiday spending.
If the only account you have with Kemba is your Christmas Club account, we will make these funds available to you at no charge. Just call our office
and we will mail you a check for whatever amount you request. We will mail your check(s) free of charge through the end of December. Your scheduled
weekly deposits will immediately begin going to your 2008 Christmas Club account beginning November 3. If you would like to make any changes to your account for next year,
please fill out a form in your break room supply rack and forward it to our office.
Get the F.A.C.T.S. About Your Right to a FREE Annual Credit Report
The Fair and Accurate Credit Transaction Act signed into law on December 1,
2003, gives all Americans the right to check their credit report annually for
free!
Residents in the states of Tennessee, Mississippi, Alabama, Arkansas, Georgia, Kentucky, Louisiana, Texas, Florida, South Carolina and Oklahoma became eligible to
receive their free credit report on June 1, 2005.
Why not take advantage of this new law and request your free annual credit report? Check it for errors and make sure all the accounts on the report are yours.
You can order your free annual credit report online at
www.annualcreditreport.com,
or by calling 877-322-8228, or by completing the Annual Credit Report Request Form and mailing it to: Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281.
When you order, you will need to provide your name, address, Social Security Number, and date of birth.
Minimum Payment Affects Interest Expense
A handful of credit card issuers have increased minimum payments from 2% to 4% of the balance due. This table shows how minimum
payments affect not only the length of time it will take to pay off your balance, but also the amount of interest you will pay.
Payment |
Interest |
Length of time to pay off |
2% |
$3,862 |
19 years |
4% |
$1,031 |
7 years, 4 months |
8% |
$433 |
3 years, 9 months |
Always pay the minimum amount due so you don't incur a late fee and, if
possible, pay more than the minimum. Also, if you don't already have
one, consider trading in the high-interest credit card for a lower-rate card from your credit union.
Assumptions: $2,000 balance; 18% Interest, these calculations also assume you add no more charges to the card.
Financial Highlights as of December 2007
Assets: $22,388,812
Loans: $10,259,782
Shares: $18,064,826
Members: 8,165
Holiday Closings for 2008
New Year's Day - Tuesday, January 1
Martin Luther King, Jr. Day - Monday, January 21
Presidents Day - Monday, February 18
Good Friday - Friday, March 21
Memorial Day - Monday, May 26
Independence Day - Friday, July 4
Labor Day - Monday, September 1
Columbus Day - Monday, October 13
Veterans Day - Tuesday, November 11
Thanksgiving - Thursday, November 27
Christmas - Thursday, December 25
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