LANECO TURNS 50 THIS YEAR!

The fiftieth anniversary in the life of any organization is a milestone for all those who are, or have been, a part of it. Laneco was established in 1958 to serve Lane County employees and now stands 2600 members strong and $16.5 million in assets. Therefore, it is appropriate that we at Laneco show our appreciation for your continued support.

Please join us at our Annual Meeting on Friday, June 20, 2008 with the 9:00 a.m. business meeting in the office lobby. We will be serving refreshments and will also have a special gift for those in the door by 9:00 a.m.

In addition, we urge you, our members, to stop by for our parking lot BBQ to be served from 11:00 a.m. to 2:00 p.m. During this time and for the entire day, we will also have a gift for our members to take away with them.

Customer service and serving our members with a personal touch is our specialty. This is the kind of service the credit union plans to provide members, old and new for the next 50 years.

Because identity theft is currently the fastest growing crime in the nation, we have developed an Enhanced Login Security system to protect your Online account information from fraud and internet crimes such as Phishing (a prevalent internet crime in which attackers build replicas of web pages in an attempt to trick consumers into revealing their personal information.) We appreciate your membership, and are proud to be able to offer these advanced security features to you free of charge.

Additional Layers of Protection
Enhanced login Securityhas dual functionality:

1. It displays a security image and a security phrase (selected by you during the enrollment process) at login, so you can be certain you are accessing our valid site and not being Phished.
2. It provides additional layers of protection by asking security challenge questions if we have difficulty authenticating your identity

These two safeguards work together to provide an additional line of defense against unauthorized access to your account.

ENROLLMENT
Beginning on December 4, 2006, you will be presented with an opportunity to enroll when you log into your account. (Please note that the enrollment process must be completed by February 28, 2007. This is a simple one-time process you can complete in less than 10 minutes.

EDUCATION
We have posted a tutorial online on the login page of online banking on our website www.laneco.org that walks you through the enrollment process step by step. There is also a link to a list of FAQs to educate you about the process.

Please contact us if you need further assistance in this new process.

See our links page for the AD&D (Accidental Death & Dismemberment) Logo. Click on this box to connect to Laneco’s AD&D website. From this site you can Verify your free coverage, enroll for new or add coverage and update your beneficiary Information.

The 2008 model cars are here!!  Remember Laneco offers low rates and great terms.
Finance your new car with Laneco with a rate as low as 5.80% a.p.r.   This rate applies
to new vehicles for the model year 2007 or 2008 with l,000 miles or less on the
odometer.  Don’t wait to save money or to drive that car of your dreams.
Apply today!!!

We are offering our members a Skip a Payment for the Holidays during the month of either November or December on your installment loans. The following conditions apply in order to quality for this program.

1. Your account must be in good standing with Laneco Federal Credit Union.
2. Requests must be received at least ten (10) working days before the payment is due.
3. A payment cannot be reversed once it has already been applied.
4. New loans need to have at least one payment applied in order to be eligible.
5. Loans that have had a deferment in the past twelve (12) months are not eligible.
6. This offer does NOT apply to Home Equity Loans, Overdraft Lines of Credit, Visa Credit Card accounts or any past due loan.
7. Interest will continue to accrue on all skipped payments and this action will extend the term of your loan.

Choose the payment you want to  skip and call or fax us at least 15 days prior to your loan payment  due date in order to obtain the paperwork for this process.

Phone: 541-683-5665 or 1-800-709-5665
Fax: 541-683-7126

back

“Phishing” is a new type of Internet piracy. It’s pronounced “fishing,” and that’s exactly what these thieves are doing: “fishing” for your personal financial information. They want account numbers, passwords, Social Security numbers and other confidential information that they can use to steal your identity and loot your checking account or run up bills on your credit cards. If you understand how phishing works and how to protect yourself, you can help stop this crime.

Typically, you may receive an e-mail that appears to come from a reputable company that you recognize and do business with, such as your financial institution. The e-mail may warn you of a serious problem that requires your immediate attention to “update” and/or “validate” your account information.

In a phishing scam, you could be redirected to a phony Web site that may look exactly like the real thing. Sometimes, in fact, it may be the company’s actual Web site and in those cases, a pop-up window will quickly appear for the purpose of obtaining your financial information.

If you provide the requested information, you may find yourself the victim of identity theft.

PROTECT YOURSELF:
Never provide your personal information in response to an unsolicited request by
phone or internet. Do not be intimidated by an e-mail or caller who suggests dire
consequences if you do not immediately verify financial information.

Never click on the link provided in an e-mail you believe is fraudulent. It may
contain a virus that can contaminate your computer.

Never provide your password over the phone or in response to an unsolicited
internet request.

Review account statements regularly to ensure all charges are correct. If your
financial institution offers electronic account access, periodically review your
account activity online.

If you believe the contact is legitimate, contact the financial institution yourself.
you can find phone numbers and web site information on most monthly
statements received from your financial institution.

If you fall victim to an attack, act immediately to protect yourself. Alert your
financial institution. Place fraud alerts on your credit files. Monitor your credit
files and accounts statements closely.

Report suspicious activity to the Federal Trade Commission through the internet
at www.consumer.gov/idtheft, or by calling l-877-IDTHEFT. (1-877-438-4338)

back


FREE ANNUAL CREDIT REPORT

Your “credit score” is not included in this legislation. If you want that you will have to pay the bureaus for it.