AACFCU Donates School Supplies to Community Organizations

Ozark donation to Dale County BOE

Pictured L-R: Lamar Brooks, Dale County associate superintendent, and Joseph Brackins, AACFCU business development officer.

During the month of July, Army Aviation Center Federal Credit Union (AACFCU) employees and members donated school supplies to local organizations to assist students and teachers in the 2014-2015 school year.

Donations were given to the following organizations:

  • Windham Elementary School in Daleville, Ala.
  • Fort Rucker Elementary School in Fort Rucker, Ala.
  • Enterprise Teachers Assistance Center in Enterprise, Ala.
  • Dothan Education Foundation’s Stuff the Bus Campaign to benefit Dothan City Schools in Dothan, AL
  • Dale County Schools in Ozark, Ala.
  • Boys and Girls Club of Pike County in Troy, Ala.
  • Volunteers of America Southeast in Mobile, Ala.
  • DeFuniak Springs Boys and Girls Club in DeFuniak Springs, Fla.
  • South Walton Boys and Girls Club in Santa Rosa Beach, Fla.

Each year, AACFCU organizes a school supply drive as well as other donation drives and fundraisers to support local communities.

AACFCU Employees Volunteer more than 120 Hours at Community Organizations

photo 2In the summer of 2014, Army Aviation Center Federal Credit Union (AACFCU) employees and their family members volunteered more than 120 hours in local communities at many different events.

Corporate volunteer projects included:

  • Assisting with children’s activities at the Daleville Police Department’s National Night Out in Daleville, Ala.
  • Sorting produce and cleaning the grounds at the Enterprise Christian Mission in Enterprise, Ala.
  • Sorting food at the Bay Area Food Bank in Mobile, Ala.
  • Walking and bathing dogs at Alaqua Animal Refuge in Freeport, Fla.
  • Serving lunch and playing bingo with residents at Oakview Manor Health Care Center in Ozark, Ala.
  • Assisting with admissions at the Pike County Regional Child Advocacy Center’s Children’s Festival in Troy, Ala.
  • Walking and bathing dogs, cleaning the grounds and feeding cats at the Wiregrass Humane Society in Dothan, Ala.

AACFCU organizes volunteer projects twice each year for employees and their family members in AACFCU service areas.  In 2013, AACFCU employees volunteered over 770 hours in their communities.

AACFCU Awards $10,000 in Scholarships to High School Students

Army Aviation Center Federal Credit Union (AACFCU) is proud to announce the winners of the 2014 scholarship, recently renamed the Jim H. Mitchell Scholarship. Scholarship winners competed against nearly 100 other applicants from AACFCU’s service area and scored as the top ten candidates. Applicants were judged on academic achievement, extra-curricular activities and essay responses.

“We were extremely impressed with the high caliber of students that applied,” said Lisa Hales, AACFCU vice president of marketing. “We are very proud to help these students further their education.”

Scholarship winners are as follows:

Olani Borders, Enterprise, Ala.: Graduate of Enterprise High School attending the University of Alabama

Charles Foy, Niceville, Fla.: Graduate of Niceville High School attending the University of West Florida

Alexander Fries, Dothan, Ala.: Graduate of Dothan High School attending the University of Alabama

Cecilia Hughes, Geneva, Ala.: Graduate of Geneva High School attending Auburn University

Sarah McGhee, Enterprise, Ala.: Graduate of Enterprise High School attending Samford University

Christopher Mock, Samson, Ala.: Graduate of Samson High School attending the University of Alabama

Katherine Obrion, Enterprise, Ala.: Graduate of Enterprise High School attending Troy University

Meridith Schmieder, Fort Walton Beach, Fla.: Graduate of Fort Walton Beach High School attending the University of Florida

Hayley Sherman, Mobile, Ala.: Graduate of Baker High School attending the University of Alabama

Kimberly Spillers, Enterprise, Ala.: Graduate of Enterprise High School attending Troy University

Army Aviation Center Federal Credit Union offers ten $1,000 scholarships to high school seniors each spring. A student must be a member of AACFCU to be eligible to apply. Information for the 2015 Jim H. Mitchell Scholarship will be available at www.aacfcu.com in the fall.

2014 Scholarship Winners- Group Picture

Millennials: Timely Credit Card Payments Are Crucial

Between juggling student loan payments, rent, and other bills, you might be tempted to skip a credit card payment. Don’t do it. Missing a payment can lower your credit score, which can lead to difficulty getting a loan or even a job.

Millennials, young adults ages 19 to 29, actually have the fewest number of credit cards and the lowest average balance on them, according to Experian’s annual state of credit report. But, they also have the lowest credit scores and frequently make late payments on their cards.

The average overall credit score in Experian’s report is 681; the average for millennials is 628. Shorter credit histories and high utilization rates are two factors that account for the low scores.

To learn more about your credit score and give it a boost, understand:

What makes up a credit score—Payment history, amounts owed (especially as a percentage of credit available–the utilization factor), length of credit history, new credit, and types of credit in use determine your credit score.

How to get your credit report—You can request one free credit report a year from each of the three major credit reporting bureaus by visiting annualcreditreport.com, the only website authorized to provide these free reports. You also can call 877-322-8228 or complete the Annual Credit Report Request Form and mail it to Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA, 30348-5281.

How to improve your credit score—Pay all bills on time, every time. Also consider applying for a secured loan. A secured loan trades access to credit for your commitment to keep a certain amount of money in a savings account. Stop by or call to speak with a loan professional to see how a secured loan can help you and find out how to get started.

Copyright 2014 Credit Union National Association Inc. Information subject to change without notice. For use with members of a single credit union. All other rights reserved.

AACFCU Donates $15,931 to Cystic Fibrosis Foundation

IMG_3462Army Aviation Center Federal Credit Union (AACFCU) donated $15,931 to the Cystic Fibrosis Foundation (CFF) after a company-wide fundraising campaign in April and May.  Because of the kindness of AACFCU employees and members, $10,931 was raised in donations while AACFCU donated an additional $5,000 to CFF.

In addition to the fundraisers coordinated by AACFCU employees, AACFCU is a sponsor of the CFF Great Strides Walks in Dothan and Mobile each year.

Lisa Hales, AACFCU vice president of marketing, said, “Our employees get excited every year when it’s time to start fundraising. They work hard to put together fun ideas to help raise money. Of course, we wouldn’t be able to make this type of donation without the generosity of our members and the local community, so we thank you for your support!”

 

Mobile Donation

IMG_3463 Mobile Group

 

Vacation Budgeting Tips from Jason Alderman

Take a look at Jason Alderman’s latest article from Practical Money Matters about budgeting for your vacation this summer and let us know if you have any tips to share.

Keep a Lid on Vacation Costs

By Jason Alderman

Summer vacation is right around the corner. I’m not a big believer in pre-planning every single detail – sometimes the best vacation moments are spontaneous. But unless your rich uncle is paying for the trip, you’ll need to do a certain amount of preparation or your budget will fly out the window.

You do have a vacation budget, right? If not, here are a few suggestions for creating one and some cost-saving ideas to help keep expenses down:

First, be realistic about what you can afford. If your vacation will take more than a month or two to pay off, you may want to scale back on this year’s trip and start setting aside money now for next year.

When building a trip budget, try to anticipate all potential expenses. Consider things like:

  • Airfare-related expenses. Include taxes and fees for items like changing flights, extra leg room, priority boarding, Wi-Fi access, meals, and checked, oversized or overweight baggage.
  • Kayak.com, Airfarewatchdog.com and Travelnerd.com provide handy charts that compare various fees for popular airlines; however, always double-check the airline’s own posted rules before booking your flight.
  • Transportation to and from the airport – at home and all travel locations.
  • Car rentals. Factor in taxes, gas, fill-up penalties and insurance (check your auto insurance and credit card policies to ensure you don’t pay for duplicate coverage).
  • Hotel/lodging. Don’t forget taxes and other local fees, charges for phone/Internet, room service, early check-in or departure, gratuities, etc.
  • Hotel room rates often are based on double occupancy. Although kids usually can stay for free, many hotels charge extra for additional adults.
  • Entertainment. Include meals and snacks, event admission and ticket-ordering charges, transit passes or taxis, sporting equipment rental, babysitters, and special clothing or accessory requirements (sunscreen, hiking boots, etc.)
  • Throw in an extra 10 or 15 percent for unanticipated expenses – lost luggage, flat tire, etc.

 Search for deals on flights, hotels and rental cars at comparison sites like Orbitz.com, Kayak.com, Priceline.com, Hotwire.com, Hotels.com and Travelzoo.com. But beware: Before clicking “confirm,” make sure the final price matches the initial quote. I’ve seen fares jump $50 or more in just minutes or had the seat I was booking suddenly become unavailable.

A few additional tips:

  • Follow and “like” airlines and ticketing sites on Facebook and Twitter. They’ll often share sales, discounts and promotional codes with their followers.
  • If the airfare goes down after you’ve purchased your ticket, ask the airline or ticketing site to refund the difference – it couldn’t hurt to ask.
  • Print and carry a copy of your airline’s Contract of Carriage, which outlines your rights and the airline’s obligations should your flight be cancelled or delayed for reasons besides weather or other “acts of God.”
  • Consider vacation rentals listed on sites like Airbnb.com, VRBO.com and HomeAway.com. You can often find cheaper accommodations with more space and amenities than hotels offer.
  • Before booking a hotel room online, call the individual property to see if they can beat the company’s posted rate. Also ask for member discounts for organizations you belong to like AAA or AARP.

Practical Money Skills for Life, a free personal financial management program run by Visa Inc., has a handy web-based travel calculator that can help you estimate travel costs and rejigger them to meet your budget needs (www.practicalmoneyskills.com/calculators). It’s also available as a free iPhone app, which you can download from iTunes.

Bottom line: A little preplanning now can ensure you don’t blow your whole budget on unexpected vacation expenses.

This article is intended to provide general information and should not be considered legal, tax or financial advice. It’s always a good idea to consult a tax or financial advisor for specific information on how certain laws apply to your situation and about your individual financial situation.

Fundraisers for Cystic Fibrosis

Each year, AACFCU is a sponsor of the Cystic Fibrosis Foundation’s Great Strides Walks in Dothan and Mobile, and our branches plan several fundraisers to help raise money for the organization. Take a look at some of the fundraisers planned below and stop by to make a donation!

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