INTOUCH SCHOLARSHIP ESSAY TOPIC - PLUS - KEESLER ...
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InTouch
A quarterly publication of Keesler Federal Credit Union | Spring 2021
Scholarship
Essay Topic
Plus
Refer a
Friend—Get $25!
M y sincere thanks to all who joined us
online for the live presentation of the
2021 Annual Membership Meeting on March 23.
ATV, or other vehicle, Spring is a great time
to make your dream come true. When
you’re ready, come talk to us – we have
members do not have to be affiliated with
the military to join. Find out how you (and
they) can get rewarded when you refer
Despite last year’s unprecedented challenges, affordable loans with flexible options new members who meet simple criteria
we were pleased to report a great deal of available to make your plans for outdoor upon joining the credit union. The more
positive news about Keesler Federal’s financial and adventures a reality. you refer, the more you could earn!
operational performance. Much of the credit belongs
to you, our valued members, because your loyalty and Are you or your dependent pursuing an On behalf of our entire team, thank you
James enthusiasm for our services and products enables us undergraduate college degree? Keesler for choosing Keesler Federal as your
Hollingsworth to fulfill our purpose: To build a better community, one Federal would like to help! Ten $1,000 financial partner. We wish you and
Chairman, member, one relationship and one financial solution at a scholarships are up for grabs through the your loved ones a healthy and
Board of Directors time. For highlights of your credit union’s accomplishments annual Lisa J. Stubbs Memorial Scholarship happy spring season.
in 2020, please refer to the infographic below. You may essay contest. For this year’s essay topic
also view the recorded version of the annual meeting and and information about how to apply,
download the full annual report at kfcu.org/annual-meeting. please see the article in this issue.
Yours in service,
Spring has arrived with a renewed feeling of optimism and By the way, if you enjoy being a Keesler
opportunity. No doubt we are all eager and welcome a return to Federal member, let your friends and
normal activities. If you have been thinking about a new boat, RV, family in on the secret! Remember, new James Hollingsworth
Annual
Lisa J. Stubbs
Memorial A Commitment to
Scholarship Contest Member Service
Extraordinary Employees.
Extraordinary Credit Union.
In 1992, the Keesler Federal team members believe in the credit union
philosophy, and it shows in their tenure. Our team members
scholarship program are dedicated to making a difference in the lives of members,
Here’s your chance to win $1,000 towards your education! Once again, and, in turn, Keesler Federal has made a difference in their
was dedicated to Lisa lives. This may explain why so many people begin and end
we will award six undergraduate dependent students and four adult students their careers with Keesler Federal.
J. Stubbs, a Keesler
$1,000 scholarships for winning entries in an essay contest.
Federal employee of Keesler Federal team members are recognized for service
in 5-year increments (3-year in the UK). We are proud to
ALL APPLICANTS over 8 years. While recognize the following team members who have service
• The contest is open to Keesler Federal members in good standing who will be employed full time at anniversaries during the first quarter of 2021:
full-time college students in the upcoming school year. Employees and officials the credit union, Lisa
25 YEARS OF SERVICE
of Keesler Federal and their dependents are not eligible to compete in the attended night classes, Marianne Weaver, Teller Service Rep III, Bay/Waveland
scholarship contest.
working toward her 20 YEARS OF SERVICE
• Applicants must submit an entry of 500 words or less that is typed in the space
degree. Lisa died at Teresa Necaise-Waggle, Consumer Loan Underwriter II
provided through the online application.
the age of 25 after a
• School classification for the upcoming school year will be college freshman, 15 YEARS OF SERVICE
sophomore, junior, senior or graduate. lifelong struggle with Audrey Beard, Teller Service Rep III, Long Beach
cystic fibrosis. Since Debbie McVadon, VP of HR
Carmen Moffett, Titles/Insurance Rep II
ADULT APPLICANTS DEPENDENT APPLICANTS Lisa’s courage and Tammie Clark, Mortgage Loan Closer
• Adult students must not be dependents • Dependent applicants and at least determination were Glenda Fuller, Teller Service Rep III, D’Iberville
of their parents and must be at least one parent must be members in good an inspiration to all Mary Hunter, Member Contact Specialist II
21 years old and in good standing with standing with Keesler Federal. Connie Kuhagen, Mortgage Loan Set Up Specialist
who knew her, the
Keesler Federal. • Your entry should include your name, Jackie Necaise, Teller Service Rep III, Stennis
scholarship program Lekeeshia Newsome, Member Records Clerk II
• Your entry should include your name, address, phone number, major, school
address, phone number, major, school name and school classification for was renamed in Allie Williams, Member Records Clerk I
name and school classification for the the upcoming year and your parent/ her honor in hopes 10 YEARS OF SERVICE
upcoming year. guardian’s name. that her spirit of Chris Krohn, Commercial Loan Officer
Kristal Langley, Consumer Loan Underwriter I
achievement would
inspire others to reach 5 YEARS OF SERVICE
The 2021 essay topic is: Felicia Augustine, Director of Training
new heights.
“Describe a topic, idea or concept you find so Cassandra Banks, Bank Secrecy Specialist I
Brian Bates, Branch Manager, Mobile Westwood Plaza
engaging that it makes you lose track of time. Jessalyn Molero, Staff Development Specialist II
Why does it captivate you?” Andrea Gray, Internet Mortgage Loan Officer
Stephanie Jacobs, Financial Service Rep II,
Ocean Springs
All entries must be submitted no later than 11:59pm June 18. David Morris, Maintenance Technician
Caitlyn Mount, Digital Support Rep II
All applications must be submitted online. We will no longer accept Dustin Necaise, Consumer Loan Underwriter I
printed applications. Simply visit our website at kfcu.org/scholarship or Breann Langley, Financial Service Rep I, Lakeview
click on the Scholarship Contest banner on our homepage at kfcu.org. Ivonne Williams, Sr. Internal Auditor
The Art of
Allowance
Project
Our Money Mammals® Saving Money
Refer Your Friends and Is Fun Kids ClubTM has helped many
young members at Keesler Federal Credit
Get up to $500 Annually Union learn to share, save and spend
smart. Now there are even more tools
you can use to teach kids money smarts!
Now, you can share your love $25 Visa® digital gift card. Then, you can *Once they become That’s right—our Kids Club now includes
of Keesler Federal and literally both keep referring friends and earning members, your friends great content for kids of all ages with
get paid for doing so! Through additional cards up to $500 per year. All then only need to meet materials for tweens and teens and lots
Keesler Federal’s refer a friend friends you refer, the friends they refer, one of the following more helpful resources for you, parents.
program, you and a friend can and so on are eligible for the program. qualifying actions:
each earn $25 each initially • Open a new loan with a The money-smart journey doesn’t end
and up to $500 a year for So, what are you waiting for? minimum balance of $5,000 when your kids reach age 11. You can
additional referrals. If you’re happy with your credit now enroll your tweens and teens into
• Receive approval for one of
union, chances are that your friends Keesler Federal’s credit cards our youth program. We’ve created a
It’s easy too. You can share and family will be too. Here’s how to special portal on the new site (now
• Open a certificate with a
with friends via Facebook, get started: minimum of $1,000 balance called The Art of Allowance Project TM).
Messenger, Twitter, WhatsApp, or This area, which we’ve aptly named
• Open a checking account and
email. Once your referred friend Go to refer.kfcu.org and begin Adolescent$, is just for them, featuring
make 5 debit card transactions
opens a Keesler Federal account sharing Keesler Federal with your or one direct deposit within tween- and teen-centric content in the
and meets the qualifications,* friends on any of the above listed the first 30 days. form of articles, social media-worthy
you and your friend will receive a digital platforms. images and videos. These resources
Remember: Friends don’t will help them learn to use money
Membership eligibility required. Referred friends must be a new Keesler Federal membership. Existing
let friends go without the as a tool to craft a life they love.
members cannot be referred. Keesler Federal employees are not eligible for referral reward. $25 digital
Visa gift card paid within 45 days of account opening when criteria is met. No cash reward. Maximum opportunity to enjoy the To check out our new site, go to
annual reward $500. Non-commercial accounts only. Only available on referrals after March 1, 2021. Keesler Federal experience! https://kfcu.theartofallowance.com/.
More than your
average giveaway!
How Does If it were not for
extraordinary members
Monthly Prizes
Share Certificate
Your Garden Grow? like you, Keesler Federal
wouldn’t have a reason to
1 member will receive $3000
exist. So, we express our Direct Deposit
appreciation in a big way 1 member will have their deposit
through the innovative matched up to $2000
Everybody wins Each day in the United States
approximately one pound of food Member Giveback
A home vegetable garden, in
per person is wasted. This equates program— monthly random Credit Card
beds or pots, can be rewarding
drawing for 36 awesome 1 member will be reimbursed
in many ways. First, there is the to 103 million tons (81.4 billion
cash prizes that frankly for a payment up to $1000
incomparable taste and healthy pounds) of food waste generated
in America in 2017, or between put the tchotchkes from
goodness of fresh, homegrown
30-40 percent of the food supply, other financial institutions Auto Loan
vegetables added to your daily
to shame! Plus, you’re 1 member will be reimbursed
meals. Then, there’s the money according to the United States
automatically entered to for a payment up to $1000
saving aspect of not having to pay Department of Agriculture (USDA).
In terms of produce alone, that win just by doing ordinary
supermarket prices for produce
translates to about $1,600 per things like using the mobile Mortgage
preserved to make the journey
app or online bill pay, making 1 member will be reimbursed
from Peru to your refrigerator! family, per year.
a transaction at a branch, for a payment up to $1000
Finally, by eating what you pick
Peace of mind having direct deposit or
and sharing any overabundance
Now, think about the satisfaction a certificate, or making a Personal Loan
with your friends, neighbors or
payment on your credit 1 member will be reimbursed
charities, you’re cutting out (and bragging rights) of growing
card or loan. Pretty easy, for a payment up to $1000
food waste. your own food, knowing where it
came from and how it was cared right? Take a look at the
breakdown of prizes you Branch Transaction
Money matters for; not to mention its fresh taste,
could win. All you need 10 members will receive $100
Sure, there is some investment nutrition and the tasty savings of
perhaps hundreds to thousands of to do is keep being a loyal
required initially for seeds, plants,
dollars. That’s an investment with Keesler Federal member Mobile App
soil, and fertilizer. However,
and you just might find an 10 members will receive $100
this pales in comparison to the far-reaching dividends.
unexpected bonus in your
potential cost of food purchased Sources: nutritionconnect.org account—a big, heartfelt Bill Pay
and not eaten.
thank you from us to you! 10 members will receive $100
First Responders
of the Year 2020
For the past six years, Keesler Federal has asked neighboring The event originally
response agencies to name a recipient to honor for their outstanding began on the
service. In 2020, we were pleased to recognize 79 dedicated first Mississippi Gulf
responders with an award to commemorate the occasion. Coast and historically
featured a gala dinner;
however, COVID-19
necessitated a change
of plans. Presenting
the awards at each
recipient’s duty
location became an
opportunity to expand
the program to other
communities located in
Mississippi, Louisiana
and Alabama, within
a 15-mile radius of all
Keesler Federal Credit
Union branches. Please
join us in thanking
all first responders,
including our award
recipients (some of
whom are pictured
here) for their bravery
and sacrifices on behalf
of the communities
we call home.
What’s in Your Checking
Digital Wallet? Accounts
Worth
Checking Out
Digital wallets offer a convenient
way to pay by allowing you to
simply use your phone to pay Think all checking accounts KASASA Cash Back
instead of cash or your plastic are created equally? Think Get rewarded with cash back for debit
credit card via apps like Apple You can also store boarding passes, again. At Keesler Federal, card purchases when certain criteria
Pay,® GooglePay® and others. hotel reservations, concert tickets, we have four choices to fit met each month. Eligible for optional
coupons, gift cards and loyalty every member’s lifestyle KASASA Saver deposit account.
How do you use it? rewards cards in your digital wallet. and needs. Whether you’re
Load your Keesler Federal Visa® into earning cool rewards or KASASA Tunes
Signature and Visa® Platinum How Secure is it? prefer something more low Get reimbursements for online
information into the digital wallet To many users’ surprise, digital maintenance and no-frills, purchases from iTunes, Amazon or
app on your phone. wallets are actually more secure the right checking account Google Play when certain criteria are
than your physical cards. That’s is a solid foundation for the met each month.
To make a mobile payment you because mobile payments are rest of your banking.
simply have to authorize the heavily encrypted and tokenized, Free4all
digital wallet and hold it close meaning that none of your actual Best of all, every account A simple, no-strings attached checking
enough to the card reader so card or account numbers are features a free debit card, account that satisfies your need for
that your information can stored within the digital wallet. free access to online and everyday convenience.
be transmitted. So, your information is protected, mobile banking, no monthly
even if your phone is lost or stolen. service charge, no minimum Get all the details for each
When shopping online, some sites Ultimately, your information balance requirement and no account type at kfcu.org or
let you select a digital wallet as is useless and unreadable to per-check fee! stop by your nearest branch.
your payment option at checkout fraudsters when encryption and
instead of having to enter your tokenization are used together. KASASA Cash
card information each time you Get rewarded by earning
make a purchase. Make sure your Keesler Federal higher dividends on your
credit and debit cards are in balance when certain criteria Ask about adding Ultimate Benefits
In-App: Use it for ride shares, your digital wallet to make are met each month. Eligible for extra perks and Kasasa® Protect
food delivery services or payment the most of your rewards for optional KASASA Saver for identity protection to any
apps like Venmo® or PayPal® and cash back programs! deposit account. Keesler Federal checking account!
William E. Morrison,
Dennis Liverett,
Ron Weatherly and Highlighted Share & Loan Rates
What is an Annuity? Nathan Roberts are
What you should know about them. Financial Advisors Shares Loans
with Keesler Financial
A Message from the Keesler Federal Financial Group Group located at Share Savings New Auto Loans
Keesler Federal CU. (with Compounding) Annual Percentage Rate (APR)
Individuals hold about $2.2 trillion in annuity contracts; Annual Percentage
a tidy sum considering an estimated $9.2 trillion is held in Up to 24 months as low as 2.14% APR
Rate (APR) Yield (APY)
all types of IRAs.1 25-36 months as low as 2.24% APR
Balance less than 5,000
$
.15% .15%
the insurance company or your financial 37-48 months as low as 2.44% APR
Annuity contracts are purchased from an insurance company. professional. Variable annuity subaccounts Balance $5,000 or more .20% .20%
49-60 months as low as 2.59% APR
In exchange, the insurance company makes regular payments will fluctuate in value based on market Christmas Savings .30% .30%
to the buyer—either immediately or at some future date. These conditions and may be worth more or less 61-72 months ($15,000 & over) as low as 3.04% APR
payments can be made monthly, quarterly, annually, or as a than the original amount invested when the High Interest Example: Monthly payments are approx., $28.78 per
single lump sum. Annuity contract holders can opt to receive annuity expires. month per $1000 borrowed at 2.24% for 36 months.
Money Market Account
payments for the rest of their lives or a set number of years. (HIMMA)
Case Study: Robert’s Fixed Annuity. New RV/Travel Trailers
Annual Percentage
The money invested in an annuity grows, tax deferred. When Robert is a 52-year-old business owner. He Rate (APR) Yield (APY) Annual Percentage Rate (APR)
the money is withdrawn, the amount contributed to the annuity uses $100,000 to purchase a deferred fixed 37-48 months ($10,000 & over) as low as 5.00% APR
will not be taxed, but earnings will be taxed as regular income. annuity contract with a 4% guaranteed return. Balance $2,500—$9,999.99 .30% .30%
There is no contribution limit for an annuity. Balance $10,000—$49,999.99 .30% .30% 49-60 months ($15,000 & over) as low as 5.25% APR
Over the next 15 years, the contract will Balance $50,000—$99,999.99 .35% .35% 61-72 months ($20,000 & over) as low as 5.50% APR
There are two main types of annuities. Fixed annuities accumulate, tax deferred. By the time Robert Balance $100,000 and over .40% .40% 73-84 months ($25,000 & over) as low as 6.24% APR
offer a guaranteed payout, usually a set dollar amount or a is ready to retire, the contract should be worth Federally
$
2,500 minimum to open account 85-144 months ($35,000 & over) as low as 7.25% APR
set percentage of the assets in the annuity. Variable annuities just over $180,000. and to earn dividends insured by
Example: Monthly payments are approx. $23.09 per
offer the possibility to allocate premiums between various NCUA
month per $1000 borrowed at 5.00% for 48 months.
subaccounts. This gives annuity owners the ability to At that point, the contract will begin making Checking
participate in the potentially higher returns these subaccounts annual payments of $13,250. Only $7,358 of Accounts
each payment will be taxable; the rest will be Credit Cards
have to offer. It also means that the annuity account may
fluctuate in value. considered a return of principal. Kasasa Cash Checking Annual Percentage Rate (APR)
(qualifying accounts) Visa Signature as low as 3.25% APR
Indexed annuities are specialized variable annuities. These payments will last the rest of Robert’s Visa Platinum as low as 3.25% APR
Annual Percentage
During the accumulation period, the rate of return is based life. Assuming he lives to age 85, he’ll Rate (APR) Yield (APY)
on an index. Annuities have contract limitations, fees, and eventually receive over $265,000 in payments. Visa Classic as low as 3.25% APR
charges, including account and administrative fees, underlying Balances up to $25,000 2.96% 3.00% Transaction fees per transaction: cash advance $5;
investment management fees, mortality and expense fees, and This material was prepared by MarketingPro, Inc., Balances over $25,000 .40% .40% ISA fee on international transactions 1%.
charges for optional benefits. Most annuities have surrender and does not necessarily represent the views of the Non-Qualified .05% .05% Signature Loans
fees that are usually highest if you take out the money in the presenting party, nor their affiliates. This information
initial years of the annuity contact. Withdrawals and income should not be construed as investment, tax or legal Annual Percentage Rate (APR)
advice. All information is believed to be from reliable
Individual Retirement
payments are taxed as ordinary income. If a withdrawal is Account (IRA) Up to 36 months as low as 8.24% APR
made prior to age 59½, a 10% federal income tax penalty sources; however, we make no representation as to
37-48 months as low as 8.74% APR
may apply (unless an exception applies). The guarantees of its completeness or accuracy. Annual Percentage
Rate (APR) Yield (APY) 49-60 months ($10,000 & over) as low as 9.24% APR
an annuity contract depend on the issuing company’s claims-
paying ability. Annuities are not guaranteed by the FDIC or Representatives are registered, securities sold, Traditional .75% .75% Example: Monthly payments are approx. $31.55 per
any other government agency. advisory services offered through CUNA Brokerage Roth .75% .75% month per $1000 borrowed at 8.24% for 36 months.
Services, Inc. (CBSI), member FINRA/SIPC, a
Variable annuities are sold by prospectus, which contains registered broker/dealer and investment advisor, IRAs are federally insured Share Secured Loans
which is not an affiliate of the credit union. CBSI separately up to $250,000
detailed information about investment objectives and risks as 2.00% above prior quarter share dividend rate
well as charges and expenses. You are encouraged to read the is under contract with the financial institution to View current rates at
make securities available to members. Not NCUA/ (Up to amount of available balance – up to 120 months)
prospectus carefully before you invest or send money to buy www.kfcu.org/rates
a variable annuity contract. The prospectus is available from NCUSIF/FDIC insured, May Lose Value, No Financial
Institution Guarantee. Not a deposit of any Apply for your loan by phone,
financial institution. Share rates listed above are effective as of April 1, 2021 a 1-888-KEESLER (533-7537), online at kfcu.org,
Keesler Federal Financial Group nd subject to change without notice. See your
Mar. statement for the dividend rate paid for the
or visit any branch location.
AdTrax FR-3504396.1-0321-0423 period ending Mar. 31, 2021. Rates marked “as low as” vary based on
Call (228) 385-4558 for your no-cost, credit history. Certain restrictions may apply.
Citations. Rates are effective as of April 1, 2021
no-obligation appointment today! 1 - Investment Company Institute, 2020. Federally Insured by NCUA and subject to change without notice.
Apply for your loan by phone,
1-888-KEESLER (533-7537), online at www.kfcu.org, or visit any
branch location.
Get out there Your Kids.
If you’re looking for an RV loan that’s the perfect fit,
Money-Smart.
visit Keesler Federal. Our great rates, easy online loan Give kids the money
applications, flexible terms and pre approval options
will get you and your family on the open road in no time. know-how they
need to succeed.
kfcu.org 1-888-KEESLER
kfcu.org
Special rate as low as
Learn more at kfcu.theartofallowance.com
6.24% APR* for up to 15 years
Available on all RVs year 2016 to the present.
P.O. Box 7001, Biloxi, MS 39534-7001
Important to you. Important to us.
Membership and credit eligibility required.
*APR is annual percentage rate. Example: Monthly payments are
approximately $8.60 per month per $1,000 borrowed at 6.24% APR for a
180 month term. Minimum loan amount $50,000, maximum $250,000 to qualify
for promotional rate and term. Rates are subject to change without notice.
Offer good through 7/31/21.
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