CLINCHFIELD FEDERAL CREDIT UNION QUARTERLY NEWSLETTER JANUARY 2013

Mark your calendars for the 2013 CFCU Annual Meeting!

The date is Friday, March 22nd and will be held at the Uni-

coi County High School cafeteria and auditorium. As al-

ways, you will have a great meal and your favorite gospel

singing by The Landmarks! Then Kevin King will bring his

astonishing sleight-of-hand magic and refreshing comedy to

you! A short business meeting and board of directors elec-

tion will also be held, and since each member has a vote in

the leadership of the credit union, your vote is very impor-

tant.

As a member, you attend free of charge. You may bring a

guest for only $10.00. Please fill out the enclosed postcard

and return it to the Credit Union if you received your state-

ment in regular mail, or please contact us here at the Credit

Union so we can fill out your reservation card for you if you

received E-statements.

We look forward to seeing you at this exciting event!

This night is for you.

Join the Mob...The CFCU Ca$h Mob, that is! All members are invited to join in the fun of mobbing a local business with us soon! Check our website, Facebook page, watch for our Erwin Record ad, and listen to WEMB to learn when and where. We will be on-site handing out our new CFCU Mob$ter t-shirts and we will serve dessert in our Credit Union lobby at the end of the day for all who participate in the Mob. And, to top things off, we will have a drawing for a crisp $100 bill! Ca$h Mobs are a way of showing support of a se-lected business by a group of people wishing to encourage local business and show appreciation. We think this is a fun way to show how much value they add to the “Valley Beautiful”. Watch for more information...coming soon, fellow Mob$ters!

Are you ready to share some good news about your Credit Union? You can win, your friend or family member can win, everybody wins! Simply tell others about our fantastic loan products and when they are approved for a new loan and the loan proceeds are disbursed, each of your names will be entered in a separate drawing for an eReader! It may be a Kindle, it may be a Nook...we are just full of surprises! Separate drawings will be held: one eReader for the mem-ber who made the referral; and another for the member who got the loan! The drawings will be held on March 22nd on stage during the Annual Meeting! Some restrictions apply. See the loan department for details. Loans...Loans...Loans… Talk about Loans...Loans...Loans

January 2013 CLINCHFIELD FEDERAL CREDIT UNION Page 2 www.clinchfieldcu.com

Board of Directors

Employees

Sandy Lingerfelt, CEO Rick Phillips, Executive Vice President Amy Banks, SVP of Operations Allison Anderson, SVP of Marketing & IT Lou Hatfield, VP of Lending Jenny Morefield, VP of Collections Erica Nicholson, VP of Compliance Julie Bradford, Administrative Assistant Mimi Van Dyke, Mortgage Loan Officer Missy Wainwright, Loan Officer Alexis Gambrell, Loan Officer Deanna Oaks, Loan Officer Lisa Hatcher, ACH/EFT Coordinator Amy Hensley, Sr. MSR Vickie Howell, Head Teller Sarah Hyder, MSR Rhonda Bradley, MSR April Simmons, MSR Jessica Grindstaff, MSR Kimberly Lopez, MSR Marsha Street, File Clerk Kathy Charles, Receptionist Reedie Griffith, Receptionist

Paul C. Monk, Chairman Wade Tilson, Vice Chairman Andrew Landers, Secretary Sandy Lingerfelt, Treasurer Noel Muhn, Board Member Todd Love, Board Member Frank Cooke, Board Member Mitch Manuel, Board Member Walter Harris, Board Member

Supervisory Committee

Robert Likens, Chairman Clarence Bailey, Committee Member Paul Berry, Committee Member Tim Whitson, Committee Member Glenn Tilson, Committee Member

HOLIDAY CLOSINGS

MONDAY, February 18th President’s Day

Hello from the CEO

Dear CFCU Member,

I hope each and every one of you had a great Christmas! As I get older, I real-

ize more each day the importance of spending time with family. When I think

about Christmas, I always think about our family dinners, opening presents to-

gether on Christmas Eve, watching the kids in church plays, singing in the cantata,

and trying to either hide presents, or tape them in a way that couldn’t be easily

opened. Great memories are getting better now that grandkids are involved!

Somehow, Carly just knew that all the presents wrapped in Mickey Mouse or

Tinker Bell paper were hers and she wasn’t a bit shy about opening them! How

blessed we are!

Family entertainment is what we have in store for you at our Annual Meeting

this year. Kevin King is, by far, the best magician and one of the funniest comedi-

ans I have ever seen! He was performing at a conference I was at recently and

somehow, through the help of some so-called friends, I ended up on stage with

him. I was amazed at his skill and memory; he completely impressed me!

And, of course, gospel music at its best will be performed by our very own

Landmarks! They’ve become a much requested tradition over the years and I

know you look forward to hearing them as much as we all do!

We look at our community as part of our family and wanted to find a way to

support local merchants. We will be notifying members on Facebook, radio, web-

site, and the local paper to participate in “Ca$h Mobs” several months during

2013. We will pick a day to support different local businesses and encourage our

members to shop at that business on a certain day. Be watching for this great op-

portunity to make a difference for our local businesses!

Speaking of Facebook...be sure to look us up and please “like” us! You might

want to check in pretty often because we have already had one contest and we

gave away a couple of tickets to Biltmore Estate. We plan to do exciting contests

in the near future, too.

The “Refer-A-Friend” promotion ended and we are very pleased with the re-

sults. Not only were we able to serve some new members’ lending needs, we were

humbled and touched by all the members that referred friends. Thank you all very

much! We were so pleased that we intend to have another “Refer-A-Friend” con-

test which will end on March 22nd. We will draw the winners at the Annual Meet-

ing. This time we will be drawing for two eReaders: one to the member that

makes the referral and one to the new member that is approved for a loan. So get

busy, and bring us some new members and you just might be a lucky winner!

A warm welcome is extended to our newest board member, Walter Harris.

Having served on the board several years ago Walter is a welcome addition. Wel-

come back, Walter!

Special note to my precious family: it was so good to have my son Jamie home

for the holidays and I think my favorite moment

was Sunday dinner with everyone eating way too

much and just sitting around talking and teasing

each other...memories in the making!

Sandy FRIDAY, March 29th

Good Friday

ASSETS

Loans to Members

Allowance for Loan Losses

Receivables

Cash

Investments

Prepaid Expenses & Deferred Charges

Fixed Assets

Accrued Income

Deposit in NCUSIF

Other Assets

TOTAL ASSETS

LIABILITIES & EQUITY

Accounts Payable

Taxes Payable

Accrued Expenses

Other Liabilities

TOTAL LIABILITIES

MEMBER EQUITY

Regular Shares

Share Draft Accounts

IRA Certificates

Share Certificates

Other Deposits

TOTAL MEMBER EQUITY

RESERVES & UNDIVIDED EARNINGS

Regular & Legal Reserves

Undivided Earnings

TOTAL CAPITAL

TOTAL LIABILITIES & EQUITY

STATEMENT OF FINANCIAL CONDITION December 31, 2012 (Unaudited)

January 2013 CLINCHFIELD FEDERAL CREDIT UNION Page 3 www.clinchfieldcu.com

$ 47,984,813

(226,061)

1,994

7,707,251

12,765,432

147,590

1,437,378

131,952

601,104

32,881

$ 70,584,334

$ 62,924

8,882

110,401

3,742

$ 185,949

$ 25,063,496

4,359,037

10,494,611

22,013,208

49,619

$ 61,979,971

$ 1,320,433

7,097,981

$ 8,418,414

$ 70,584,334

1038 N. Main Ave., Erwin, TN 37650

www.clinchfieldcu.com

Ph: (423) 743-9192 Fax: (423) 743-6156

Hours: Mon-Fri 8:15 A.M. - 4:30 P.M.

Drive-Thru open on Friday until 6:00 P.M.

Welcome Walter Harris,

CFCU Board Member

VIRTUAL BRANCH

ONLINE BANKING:

www.clinchfieldcu.com

CLINCHFIELD CONNECTION

VOICE RESPONSE:

(800) 724-7442

Sign up for e-Statements

on your Online Banking!

BENEFITS: 1-800-368-5279 RETIREMENT BOARD: 1-877-772-5772

The price of checks ordered from the Credit Union

through Deluxe will be coming down at the end of Janu-

ary. So if it’s time for you to re-order, wait until then and

save some money.

Many thanks to the members who made a Christmas

donation to the Children’s Miracle Network this season

by purchasing a snowman for our lobby!

VISA Gift Cards are accepted

anywhere the VISA logo is dis-

played: in-store, online and by

phone. They are much safer than

cash! To purchase a gift card

with any amount up to $1,000,

just ask us. ($3.50 per card)

We were advised by the US Treasury and the Social

Security Administration that they have changed the

method of ACH benefit payments to those routinely

paid on the 3rd of each month. We have worked dili-

gently to make sure that everyone with loan or share

distributions from their direct deposit would not be

affected by this change. Please look closely at your

statement this month, particularly your loan payments,

and contact us ASAP if you find any errors.

Mr. Tommy Bennett Mrs. Larry Elliott

The Refer-A-

Friend Promo-

tion was a huge

success, espe-

cially for our two

lucky winners!

Stay tuned for

new and exciting

promotions in the

near future...