4th District Congressman visits Quest
Kenton, Oh – 4th District Congressman Jim Jordan is shown in this photo with Board Vice President Allen Barrett and CEO Matthew Jennings. Congressman Jordan visited Quest FCU on January 6th to discuss credit union related issues in Washington, DC as well as to update the Quest Management Team and Board on the broader political picture of what’s happening with our Federal government and what can be expected from a regulatory standpoint. Congressman Jordan currently represents Hardin and Logan Counties but in January of 2013 will only represent Logan while Hardin will be represented by Congressman Bob Latta as a result of recent redistricting in Ohio.
Presidents Pen
As President of the Board of Directors of Quest Federal Credit Union, I like to take the time on occasion to communicate with our members and the community about what is taking place at Quest. Our credit union continues to thrive and had a strong year for loan, share and member growth
2011 results are in and I wanted to highlight a few areas of interest. Loans grew by 5.09% finishing the year at $38,673,477, deposits ended the year at $67,024,818 and assets grew by 11.66% totaling $74,775,117. Quest had an outstanding year in member growth ending the year with 11,538 members or 5.43% growth from last year. Our Net Worth continues to be strong at 9.10%, delinquency is very manageable when considering the economy at 1.37% and we finished the year with Net Income of $143,745. Again, we grew in all of our critical areas, loans, deposits, assets and members and the Board of Directors and Staff would like to thank our members for your loyalty and patronage, without our members using Quest as a resource, we would not be able to expand and offer the products and services that we all want and need. Learn More
Scholarship Opportunity
Quest along with other local credit unions are offering to help with your post-secondary education. There will be five (5) scholarship(s) awarded for $500 each. If you are chosen to receive a scholarship from The Western Buckeye Chapter, your application may be chosen to participate in the statewide scholarship program sponsored by the Ohio Credit Union Foundation, which awards four $2,500 scholarships. To qualify, an applicant must be at least a senior in high school and plan to participate in post-secondary studies, including professional, vocational, and academic studies not limited to colleges and universities.
Applications need to be submitted by February 10, 2012. Please see application for instructions.
Staying Safe Online
It’s the holiday season and online shopping is increasing, and so are the online scams. Fraudsters are using more urgent forms of scams to get your personal information, such as a phone call claiming that your child or grandchild is in Canadian Police custody and they instruct you to wire money to pay the fines to have them released. Another popular scam is the “prize” that you won and they need your routing and account number to deposit your winnings. The only prize you end up with is the surprise of your account being drained!
Tips on keeping your information safe:
•Do not open an email or attachment if you don’t know the sender.
•Quest will never ask you to provide account information or PIN numbers via an email.
•Quest does not include attachments to emails we send out and we never include any personal or account information in emails we send.
•If you’re shopping online, verify that the page you enter your payment information on is secure. The easiest way to check is in the web address bar it should have the https.
•Purchase a reloadable prepaid card from Quest to use for online purchases, so that if your information is stolen it’s not tied to your account in any way.
•If the email or web page looks suspicious, it’s best to exit. Learn More
Savings Bonds
Over-the-Counter Sales of Paper Savings Bonds Ending in 2011
Buy electronic bonds online at http://www.treasurydirect.gov/
Source: U.S. Department of the Treasury, Bureau of the Public Debt
The U.S. Department of the Treasury will end over-the-counter sales of paper savings bonds on December 31, 2011, including sales through financial institutions and applications mailed directly to the Federal Reserve Bank by customers. This move is expected to save taxpayers an estimated $70 million over the next five years.
Although paper bonds are being discontinued, electronic Series EE and Series I Savings Bonds will remain available for purchase via TreasuryDirect. This secure, web-based system, operated by the Bureau of the Public Debt, has been used by investors since 2002 to purchase savings bonds online.
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.
Equal Housing Lender