In This IssuePage 2

Giving Annuities a SecondLook

Youth Transform into SuperSavers This April

People News

Page 3

Debit Cards: Use CautionDuring Some Transactions

Dont’ be a Target for IdentityTheft

Page 4

Annual Meeting ElectionResults

Refinancing Surge OffersGreat Opportunity

Page 5

Branch Locations

Tips for Parents Whose KidsMove Back Home

Page 6

Shred Schedule

Recipe Corner

Holiday Schedule

For Your Information

Blood Drive

SRP Recognizes100,000th Member

At SRP Federal Credit Union’s 52ndAnnual Membership Meeting, president EdTempleton recognized the 100,000th memberof the credit union. Mitchell Kelley was thelucky member and he got a surprise of 100,000pennies! Rather than taking all those pennieshome, Mr. Templeton presented Mitchell witha $1,000 check. Mitchell is 17 years old and aresident of Martinez.

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Giving Annuities a Second LookContent developed by CUNA Brokerage Services,

provided by Les Branson

Today, you have more investment choicesthan ever before. But one of the most popularinvestments is also one of the oldest. Take aminute to get reacquainted with how annuitiesmight be able to help you reach your financialgoals.

What is an Annuity?An annuity is a contract between you and aninsurance company. You buy an annuity toprovide you a stream of income guaranteed bythe insurance company to last for as long asyou live.

Qualified and Non-Qualified AnnuitiesAn annuity is qualified when it is associatedwith an employee benefit plan. There are limitson how much you can invest in qualifiedannuities. A non-qualified annuity also growstax-deferred, but has no contribution limits.Investors often purchase non-qualified annuitiesafter they have maximized participation in anemployer-sponsored plan.

Fixed and Variable AnnuitiesA fixed annuity guarantees to pay a specifiedrate of interest on the accumulated value of theannuity for a specified period of time. With avariable annuity, the accumulated value will varywith the performance of the investment optionschosen by the contract owner. These invest-ments are not FDIC-insured, nor are theydeposits guaranteed by a financial institution.

The Taxation of Annuities Any earnings in an annuity are “tax-deferred,”until withdrawn. When withdrawn, earningsare taxed as ordinary income. There is typicallya 10% federal tax penalty on earnings withdrawnbefore age 59½.

Get Advice when Purchasing an AnnuityA financial advisor can help you evaluate thebenefits and risks of a particular annuity sothat you can determine if it is appropriate foryour own unique financial situation.

Les Branson is a Financial Advisor with MEMBERSFinancial Services located at SRP Federal Credit Union.If you have any questions, or would like to providefeedback, regarding the information presented in thisarticle, you may contact Les Branson at 803-510-3835.

Representative is not a tax advisor or legal expert. For informa-tion regarding specific tax situations, please contact a tax profes-sional. For legal advice, consult an attorney. Representatives areregistered, securities are sold, and investment advisory servicesoffered through CUNA Brokerage Services, Inc. (CBSI), mem-ber FINRA/SIPC, a registered broker/dealer and investmentadvisor, 2000 Heritage Way, Waverly, Iowa 50677, toll-free(866) 512-6109. Nondeposit investment and insurance productsare not federally insured, involve investment risk, may lose valueand are not obligations of or guaranteed by the financial institu-tion. CBSI is under contract with the financial institution,through the financial services program, to make securities avail-able to members.

FR040818-C2B7

Youth Transform intoSUPER SAVERS this April

Who hasn’twished for superpowers? Sincesuperheroes honepowers to savepeople from harmand take action toprotect the commongood, it’s no surprisethat youth aroundthe country admirethem. Little do kidsknow, they also havethe power to protectthe future bybecoming creditunion super savers.

To show kidsthe powers theyhave to save andsafeguard their money, visit SRP Federal Credit Union the week ofApril 22-28 and help us celebrate National Credit Union YouthWeek. This year's theme, "Be a Credit Union Super Saver" showsyouth how SRP can help them utilize their own strengths andcredit union resources to meet financial goals.

Whatever young members are saving up for, their trustysidekicks at SRP are ready to lend a hand. That's because SRP isfor members, by members, and we want our sensational youth tobe prepared for the future.

So stop by and get in on the action! Come by a branch and seeif you can use your super powers to guess how many pennies wehave on display in our “Penny Guess Jar.” Kids 12 and under canplay! The 3 closest guesses will win a $25 deposit into theiraccount and Frugal Freddie gifts!

Come with your young super savers to see your trusty sidekicksat SRP, where we help you save money one dollar at a time.

Copyright 2012 Credit Union National Association Inc. Information subject to changewithout notice. For use with members of a single credit union. All other rights reserved.

SRP People NewsSRP is proud to announce four new AssistantVice Presidents for the four branch regions.

Chuck Hallman – Barnwell RegionRenee Rinder – Augusta RegionJanice Bryant – North Augusta RegionPamela Frazier – Aiken Region

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Debit Cards:Use Caution DuringSome Transactions

Your debit card looks like acredit card and feels like a creditcard, so it must work exactly like acredit card, right?

The truth is that your debit cardand credit card differ in a big waywhen it comes to fraud. If a thiefobtains your credit card or creditcard number, you'll most likelynotice the unauthorized charges onyour bill. You then can report anddecline those charges.

However, if a thief obtains yourdebit card or debit card number,transactions pull funds straight fromyour checking account. In the caseof a fraudulent transaction, you'llneed to receive reimbursement forthe stolen funds. And depending on the extent of the damage, the timeneeded to process your reimbursement could leave you in a financial bind.

To avoid debit card drama, be careful when swiping your debit card forsome transactions. Bankrate on its website recommends using extra cautionat these locations:

• Outdoor ATMs. Thieves often have an easier time affixing skimmingdevices, which steal your card's information, to isolated, easily accessibleoutdoor machines. Skimming devices are usually hidden over an ATM'scard slot, and can be difficult to spot. If possible, use an ATM inside afinancial institution or retail store. If you must use an outdoor ATM, aimfor one in a busy, well-lit area, and check the card reader for anycomponents that don't look quite right.

• Gas station pumps. Like outdoor ATMs, gas station card readers alsoprovide ideal opportunities for skimming. Pumps that aren't monitoredclosely make it easy for thieves to attach skimming devices or smallcameras to a card reader without detection. Before you swipe, examinecard readers for anything that looks suspicious.

• On the Web.Making online purchases with a debit card is risky--yourinformation can be compromised at multiple points in a transaction. Databreaches, unsecured wireless Internet connections, or malicious softwareon your own computer all could put your data at risk. Opt for your creditcard when shopping online--and even then, only buy items frombusinesses you trust.

• Restaurants. Handing your debit card over to a restaurant server at theend of a meal also can be risky. A server who disappears to run your cardcould be privately nabbing your card information, as well. You simplydon't know so it's better to turn to your credit card or cash in this instance.

Source: Credit Union National Association

Dont’ be a Targetfor Identity Theft.

Sign up forE-Statements

Today!Enroll today to enjoy thebenefits of receiving E-State-ments from SRP.

• Safer than paper state-ments which can be stolenfrom your mailbox

• Less paper to manage andorganize

• Faster than traditionalpaper statements

• Read your membernewsletter online

• It’s free!

To sign up you must bea SRP Online user.Once logged in to

SRP Online, click theE-Statements tab to begin!

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Refinancing Surge Offers Great OpportunityIf you’re a homeowner thinking about refinancing to cash in on record-low interest rates, you’re

in good company. Before you take the plunge, understand all your options and run the numbers.If you’re only focused on making smaller monthly payments, you

might be missing out. Many borrowers are switching to shorterterms, such as 15-year loans. Normally such a change wouldyield higher payments but, because of record low interestrates, the monthly payment may change only slightly.Compare monthly payments and total interest costs for 30-,20-, 15-, 12-, and even 10-year fixed options, if available.

Because your home likely is the biggest financialpurchase you make, and refinancing at current rates couldyield the biggest reduction in overall interest payments you’llever get, take time up front to get it right:

© Clean up your credit.

© Shop for the best rate. Start at SRP and ask aboutoptions and rates before you formally apply.

© Gather documentation.

Don’t assume rates are going to keep going down, and don’tfocus only on interest rate. A shorter term, even with a slightly highermonthly payment, could save you tens of thousands of dollars in interest over the life of the loan.

Remember that refinancing is not always in your best interest. We can develop a break-even calculationthat shows how long you’d need to stay in your house to recoup closing costs and points.

The current rate environment is an unprecedented chance to secure a low-rate mortgage that can build equityand free up cash. Talk to a SRP home loan specialist today to learn about the benefits and your alternatives.

Copyright 2012 Credit Union National Association Inc. Information subject to change without notice. For use with members of a single credit union.All other rights reserved.

Your annual membership meeting washeld on March 13, 2012 at the JamesBrown Arena. The yearly event providesmembers the opportunity to vote and electboard members who volunteer their timeto help guide and direct the credit union inits programs and services. Goldie Randle,Chuck Goergen, Sandra DeVoe Bland, andLarry Pridemore were reelected to theBoard of Directors. Eric Frickey wasreelected to the Credit Committee. Over500 members came to participate in thebusiness meeting. All attendees receivedan appreciation gift and a total of $3,000was given away in cash prizes!

52ND ANNUAL MEETING ELECTION RESULTS

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Millions of peoplebetween the ages of 25and 34 live with theirparents. While manyadult children returnhome for just a shortperiod after collegewhile they look for work,others come back for avariety of reasons – andoften for longer stays.Divorce, unemployment,a high debt load, or areturn to school are justa few of the circum-stances under whichyour kids may decide to"boomerang" back home. Here are some tips. Be clear about the

conditions. Discuss length of stay, plans foremployment, extent of financial support, andexpectations for financial or in-kind contribution.If you charge rent, start out low and graduallyraise it over time to give kids an incentive to get

back out on their own.Write up a rentalagreement spelling outthe amount, when it willbe raised and to howmuch. Or charge marketrent--about 30% of take-home pay, or 40% if youinclude utilities – andput all or part of it awayin a savings account thatyour child eventuallycan use to get her ownplace.It's crucial for parents

to realize they're notdoing their kids anyfavors by giving them a

free ride forever. The goal should be to create anarrangement that both supports your childrenand encourages them to move on.

Copyright 2008 Credit Union National Association Inc. Informationsubject to change without notice. For use with members of a singlecredit union. All other rights reserved.

Tips for Parents Whose Kids Move Back HomeTips for Parents Whose Kids Move Back Home

AIKENn Aiken Regional Medical

Center302 University Parkway,1st FloorAiken, SC 29801

n Pine Log Road Branch750 E. Pine Log RoadAiken, SC 29801

n Richland Avenue Branch3559 Richland Avenue, WestAiken, SC 29801

n Richland Avenue Express3515 Richland AvenueAiken, SC 29801

n Rutland Drive Branch390 Rutland DriveAiken, SC 29801

n Silver Bluff Road Branch1060 Silver Bluff RoadAiken, SC 29803

ALLENDALEn Allendale Branch

190 Flat StreetAllendale, SC 29803

AUGUSTAn Broad Street Branch

771 Broad StreetAugusta, GA 30901

n Peach Orchard Road BranchWindsor Square Shopping

Center3120 Peach Orchard RoadAugusta, GA 30906

n Tobacco Road BranchAugusta South Square2215 Tobacco RoadAugusta, GA 30906

BARNWELLn Barnwell Branch

10660 Dunbarton Blvd.Barnwell, SC 29812

BURNETTOWNn Burnettown Branch

2521 Jefferson Davis Hwy.Warrenville, SC 29851

EDGEFIELDn Edgefield Branch

225 Apple Square PlazaEdgefield, SC 29824

EVANSn North Belair Road Branch

100 SRP DriveEvans, GA 30809

MARTINEZn Davis Road Branch

125 Davis RoadMartinez, GA 30907

NORTH AUGUSTAn Administrative Campus

1070 Edgefield RoadNorth Augusta, SC 29860

n North Augusta Branch403 W. Martintown RoadNorth Augusta, SC 29841

n North Augusta Express605 E. Martintown RoadNorth Augusta, SC 29841

n Walnut Lane Branch1070 Edgefield RoadNorth Augusta, SC 29860

SITE BRANCHn Savannah River Site

730-4 B BuildingAiken, SC 29803

Visit us Today at aBranch Near You!

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Recipe Corner

SEAFOOD GUMBO1 cup chopped onion1 cup chopped green peppers1 cup chopped celery1 clove of garlic1/4 cup of butter or margarine28 oz can of peeled tomatoes, chopped(undrained)2 cups of chicken broth1/4 to 1/2 tsp ground red pepper1/2 tsp thyme leaves1/2 tsp of basil leaves1/4 tsp of ground black pepper1 lb of crab meat1/4 lb peeled, deveined shrimp3 cups of hot cooked rice

Cook first four ingredients in butter overmed heat until tender crisp. Add tomatoes,broth, red pepper, thyme, basil and blackpepper. Simmer uncovered 20-25 mins.Add crab and shrimp; simmer additional10-15 mins. until cooked. Ladle intobowl. Serve rice on top. Makes 6 servings.

Recipe submitted by Sheena McCray For a chance to see your recipe here

and to win a SRP umbrella,submit your recipe by email tomarketing@srpfcu.org or mail to:

SRP Federal Credit Union Attn: Marketing DepartmentP.O. Box 6730North Augusta, SC 29861

Blood DriveScheduledfor SRP

The Shepeard CommunityBloodmobile is scheduled to bein the Walnut Lane Branch(1070 Edgefield Road, NorthAugusta, SC) parking lot from9:00 a.m. until 1:00 p.m. on

Friday, April 6, to takeblood donations.

Give the gift of life!Be a blood donor.

2012 Shred ScheduleAvailable 4:00 - 5:30 PM

4/23 – Monday – Pine Log4/24 – Tuesday – North Augusta4/30 – Monday – Davis Road

7/23 – Monday – Pine Log7/24 – Tuesday – North Augusta7/30 – Monday – Davis Road

10/22 – Monday – Pine Log10/23 – Tuesday – North Augusta10/29 – Monday – Davis Road

Shred services are for members and personal documents only. Visit our website, www.srpfcu.org, for branch locations.

Monday, May 28 ..................................................................Memorial DayWednesday, July 4 ..................................................Independence DayMonday, September 3..............................................................Labor DayMonday, October 8..........................................................Columbus DayMonday, November 12......................................................Veterans DayThursday, November 22 .........................................Thanksgiving DayTuesday, December 25...................................................Christmas Day

The above scheduled holidays will be observed by the closing of all offices of SRP.

2012 Holiday Schedule