WELCOME TO SOUTHERN RESEARCH EMPLOYEES FEDERAL CREDIT UNION WEB SITE!!
 
We are pleased to be able to extend another option to our members for transacting your business. You will be able to check your account balances, view transaction history and print a copy, transfer funds from savings to make a loan payment, request a check from your share/savings account, purchase a new Cd, and get updated information on savings and loan dividend and interest rates. You can also update your address and telephone numbers, as well as, print a copy of our most commonly used forms.
Hours of operation:
Monday - Thursday 9:00am - 2:00pm
Closed Friday - Sunday
Holiday Schedule
(same as Institute)
New Year's Day
Martin Luther King Day
Memorial Day
July 4th
Labor Day
Thanksgiving Day and Friday After
Christmas Eve and Christmas Day
NEW SHARE AND CD RATES
Effective immediately, the share dividend rate will be .50% and CDs will only be issued for a term of 6 months. One year CDs will not be issued. Current one year CDs will be renewed for 6 months upon maturity, or redeemed, according to member preference. The new rate for 6 month CDs will be .75%. A maximum of $5,000 may be deposited per calendar quarter for shares and CDs combined.
LOAN POLICY CHANGES
The maximum number of loans that any account holder may have open at any given time is two (2). A possible exception would be someone who has enough funds in their share account to cover a share secured loan or someone who can show proof of assets which would more than cover the requested loan and it must be approved by the Board of Directors.
Loans may only be refinanced if they have been in effect for 6 months and are current. Loans less than the amount of $750 may only be applied for every 6 months.
In order to keep our loan rates competitive, the Board of Directors have voted to make a change in requirements for obtaining and/or refinancing loans. This change will be effective January 1, 2010. All members must have and maintain a savings/share balance of $100 in order to apply for a new loan or refinance an existing loan. Loans which are already in effect at that time will not be affected, but will not be refinanced unless there is a balance of at least $100 in the savings/share account. This new policy was adopted in order to partially offset the cost of processing loans, since accounts having a balance less than $100 are not paid interest/dividends, and the money does not stay in the account long enough for us to invest it and earn interest. The interest we earn on investments, is the money we use to pay YOUR interest, as well as, cover expenses to operate the credit union. We hope this will not be a burden for anyone, but rather a positive outcome for everyone.
We apologize for any inconvenience, but these policies are for your best interest, as well as, those of the credit union.
YOUR SAVINGS ARE INSURED!
Your savings are insured with the National Credit Union Administration, up to $250,000. This is similar to FDIC. For more information, please use the link below to go to their website. Also, you may contact their Insurance Call Center at 800-755-1030 ext.1
http://www.ncua.gov/ShareInsurance/Index.htm
Planning to Buy a New or Used Vehicle?  
We still have some very competitive rates. We finance 100% of the sticker price on new vehicles and 90% of the NADA retail value on used vehicles. You may check the Nada value of the vehicle you are interested in by clicking on the following link to their web site.
http://www2.nadaguides.com/value/valuemodel
The Credit Union has made arrangements with the following Auto Dealers which will simplify financing for purchasing your auto. All you need to do is complete and return your loan application to the Credit Union for pre-approval. You may come by the office and bring your application or you may fax it to us (application forms are available online). Once your loan is approved, you can shop online at any of the following dealers and then go visit their location to finalize your purchase.
Anthony Underwood Automotive
4006 Bessemer Hwy
Bessemer, AL
205-424-4033
www.auautomotive.com
Fultondale Auto Sales
816 Decatur Hwy
Fultondale, AL
205-808-0850
www.fultondaleautosales.com
Dan Tucker Autos
225 Gadsden Hwy
Birmingham, AL
205-833-3900
www.dantuckerautos.com
Financial Planning/Loan Calculator
For help with planning your financial future, calculating the payment amount for a loan and other interesting and helpful tips, visit the Credit Union National Association (CUNA) website.
http://www.creditunion.coop
FREE CREDIT REPORTS
You are entitled to receive one free credit report per year in order to check your credit history and help to prevent fraud. To obtain your totally FREE credit report from the three major credit bureaus, click on the following link.
http://www.annualcreditreport.com
NEWSLETTER
Click here to view copy of our most recent Newsletter
DEBIT CARDS NOW AVAILABLE!
Click on the "Account Information" tab for more information. You may print the Debit Pass Enrollment form at the bottom of this page and email, fax or mail it to us. we will complete our portion and submit it.
If you have Questions, Requests or Comments,
please send us an email. We want to make your Credit Union Experience as pleasant as possible, and our ultimate goal is to meet your needs as closely as we can. You may email us at sriemployeesfcu@VirtualCU.net. If you do not have email, please feel free to call or write.
FRAUD ALERT
We have had some people bring it to our attention that there are still some phishing emails going around in an attempt to gain information for fraudulent purposes. Please note that this Credit Union will NEVER ask you to provide any non-public, personal information by email or telephone. We will never ask you to click on a link and provide information online. We already have your information in our files and if we need to contact you, we will do so by letter, or we will ask you to call our office. Always be very careful about providing anyone with your personal information.
Please be very careful in the coming months as Census workers begin coming to your homes asking for information. They should have an identification card, a US Census bag and a machine for entering information. They NEVER need your social security number or banking information. You are ONLY required to answer how many persons live in your home. You may choose whether to provide information regarding gender and ages of those people and household income information.
FORMS AND APPLICATIONS
Membership Aplication
Loan Application
Payroll Authorization
Address and/or Name Change Form
Payable on Death Share Account Agreement
Debit Pass Enrollment Form
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