APPLY TODAY FOR THE LANECO COLLEGE SCHOLARSHIP
Are you a high school senior heading off to college? Do you have a brother, sister, son or daughter who is a senior heading off to college? Laneco is taking applications for their 2nd annual $500 scholarship up until June 1. 2010. To be eligible, applicants must be college-bound Laneco members with a cumulative high school GPA of 3.0 or better, or have an immediate family member (parent or grandparent) who is a member in good standing.
Download the two attached PDF’s which are the instructions and application form.
If you have any questions concerning the scholarship, please contact us at
541-683-5665 or stop by the office.
Free Bill Pay
As of August 17, 2009 LANECO FEDERAL CREDIT UNION switched to a new online banking product called Virtual Branch. This new online banking will allow you to have access to free and unlimited bill pay as long as you also are receiving e-Statements. Bill Pay sign up is located under the tab marked “Self Service” after you have signed into online banking.
Laneco Now has eStatements
eStatements are now available to Laneco members. Get your statement without having to wait extra days for the mail to arrive. We are pleased to be able to offer this new service for our members as a safe and convenient way to receive their monthly statement and newsletters. There is no charge for this service, so sign up today.
If you do not already have online banking set up, you will need to obtain this access to your accounts first. After that, on the online banking page you will see a tab marked “Self Service.” Click on this and look for eStatements to make your request. You will be notified by email each month when your statement is ready for viewing and download. If you have problems with this process, please feel free to call us at 541-683-5665.
Laneco Is Safe and Sound
To our Members: We want you to know your money is safe with Laneco Federal Credit Union. Due to the recent and ongoing number of financial institutions that are no longer financially sound you may be asking yourself if your funds are safe and secure at Laneco.
The strength of a financial institution is often determined by its net worth ratio or capital. Our federal regulators consider a 7% net worth as a minimum level for a strong credit union. As of December 41, 2008, the net worth of Laneco was 12.99%, making Laneco a very strong credit union.
In addition, with the recent passage of the Emergency Economic Stabilization Act, share accounts at Laneco are now insured up to the Standard Maximum Share Insurance Amount (SMSIA) $250,000.00 as of October 3, 2008. The Emergency Economic Stabilization Act of 2008 increased the insurance coverage on all accounts up to $250,000.00 until December 31, 2009. The National Credit Union Administration charters and supervises federal credit unions. The NCUA, with the backing of the full faith and credit of the United States Government also operates and manages the National Credit Union Share Insurance Fund (NCUSIF), insuring credit union deposits. NCUA is funded by credit unions not federal tax dollars.
If you would like to verify if your funds are fully insured, please visit the NCUA’s website at www.ncua.gov and check out “NCUA Insurance Tool Kit” at www.ncua.gov/ShareInsurance/Index.htm . This is where you are able to complete your own”Insurance Estimator” regarding your coverage. There is also a current Question and Answer section. If you have additional questions or concerns, please feel free to contact the credit union.
NEW CAR RATES AS LOW AS 3.50% A.P.R.
The 2010 model cars are here. Before you shop, remember Laneco offers low rates and great terms. Finance your new or used car with Laneco with a rate as low as 3.50% A.P.R.
This low rate applies to new vehicles for model years 2010 and 2009 with up to 72 months financing available.
FINANCE FOR 84 MONTHS AT 3.95% A.P.R. – No rate breaks available for 84 months.
**The above rate is assuming you also have a Laneco share draft (checking) account to be used as the source of payment for the loan. If you do not have a share draft account, other rate savings are available with payroll deduction, savings transfer payments or automatic payments from another institution account. Rate reduction special good until December 31, 2010.
**Loan terms and loan value ratios will be determined based on the credit qualifications of the applicants.
**These rates apply to new lokans only, refinance of current Laneco loans do not qualify for these rates.
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