SIU Credit Union Blog

SIU Credit Union Sponsors Knock Hunger Food Drive

Food and Monetary Donation Presented to Marion Ministerial Alliance

Carbondale, IL- August 11, 2016  With support from our staff, members, communities, and partners, the SIU Credit Union sponsored Knock Hunger Out of the Park food drive was a success. Approximately $7,500 in non-perishable food and monetary donations were collected to benefit the Marion Ministerial Alliance.

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“I’m very pleased that our staff put so much heart into this year’s Knock Hunger out of the Park food drive.  Everyone at SIU Credit Union is incredibly dedicated to making a difference in the communities that we serve,” said Karli Feldhake, Vice President of Marketing for SIU Credit Union. “We had a blast at Miners game and to top it off we surpassed our food drive goal!  Thank you to our staff, members, and community partners for their overwhelming support.”

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7 Ways to Protect Your Credit Score

When you swipe your credit card, you might not be thinking about what your creditors are doing to make sure they recover the money they just loaned you. But, as you make your next purchase, make sure to protect your credit score.

Your credit score is a three-digit number that creditors use to assess how likely you are to repay your loans. A high score can help you qualify for the lowest interest rates and gives you the ability to borrow money for purchases.

Here are seven things you can do to make sure your credit score stays healthy:

1. Pay back your debts on time.

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How You Benefit by Choosing a Credit Union

Financial institutions can appear to be alike from the outside, but once you look inside, you remember the reasons you chose (or are about to choose) to become a member of SIU Credit Union:

Competitive car loans

Couple car shopping

The National Credit Union Administration (NCUA) reports that in 2014, credit unions charged a 2.72% interest rate for the average 36-month used-car loan. Compare that to the 5.26% rate that a typical bank charged during the same time period.

Free checking

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SIU Credit Union Announces Executive Promotions

August 1, 2016 – Carbondale, IL – SIU Credit Union today announced several promotions within the company’s senior management team.  Sandy Taylor, formerly Assistant Vice President of Finance, has been promoted to Vice President of Finance; and Karli Feldhake, formerly Marketing Director, has been promoted to Vice President of Marketing.

Sandy Taylor

Photo: Sandy Taylor, Vice President of Finance

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Back to School: Shop Smart

Back to school means expenses! Clothes, shoes, and school supplies can drain a budget quickly. According to The National Retail Federation, the average family with school-aged children spends $673 on back-to-school items–clothes, shoes, supplies, and electronics–each year. It’s no wonder setting a budget is essential for all parents with school-bound youngsters.

Thankfully, you don’t need to pay a fortune for school supplies if you shop smart. Smart shopping goes beyond setting a budget, coupon-clipping, carefully picking your stores, looking for sales, and comparing prices. Those are the basic prerequisites to smart shopping.

Smart shopping also takes advantage of teaching moments for your child. Do this by involving your child in making a back-to-school shopping list. Ask your child’s school or teachers for a list of the supplies they will require this school year, and use it as the starting point to creating your own list—together. Continue reading

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SIU Credit Union Names Lantrip New President/CEO

Mike Lantrip

Photo: Mike Lantrip, President/CEO

July 27, 2016 – Carbondale, IL – SIU Credit Union has announced the appointment of Mike Lantrip as the new President/CEO effective August 1, 2016.  Lantrip replaces interim President/CEO William S. Capie.

“SIU Credit Union is truly fortunate to have someone as talented and knowledgeable as Mike prepared to assume the responsibility of CEO/President,” said Capie.  “His background and experience will assist in making a seamless transition in the leadership of the Credit Union.  He has demonstrated an ability to deal effectively with people and find equitable solutions to complex and sensitive problems.  Mike has earned the confidence and respect of those who know him.”

Lantrip has been with the Credit Union since 1983, working his way up from Part-Time Teller to Executive Vice President, where he collaborated with the CEO, Senior Management and the Board of Directors on strategy and organizational leadership.  He was directly involved with strategic planning, product development, digital delivery channels, payment services, industry partnerships, political advocacy and overall company financial health. With this appointment, Lantrip will be following in the footsteps of his father, Ron Lantrip, who served as the Credit Union’s President/CEO from 1992-2008.

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