News & Specials

Credit Union board approves dividend increase for share accounts

The Shelter Credit Union board of directors announced June 25 that the Credit Union will pay dividends of .85% APR on share (savings) accounts, and 0.10% APR on checking accounts over $500, in the 2nd quarter of 2019 (April, May and June, 2019).

Credit Union Vacation Loan available now

Your Shelter Insurance Federal Credit Union board of directors set aside $100,000 at a discounted rate of 10.5% APR for the 2019 Vacation Loan promotion.

The Vacation Loan will only be available from May 1, 2019, until September 30, 2019, or until we reach $100,000 in loan volume.

This is your opportunity to take advantage of low rates and take your family on the vacation they deserve this summer.

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Credit Union declares 1st quarter dividends

The Shelter Credit Union board of directors announced March 20 that the Credit Union will pay dividends of .75% APR  on share (savings) accounts, and 0.10% APR on checking accounts over $500, in the 1st quarter of 2019 (January, February, and March, 2019).

 

Credit Union members meet for 62nd annual meeting

The 62nd Annual Meeting of the Shelter Insurance Federal Credit Union came to order in the Home Office Cafeteria at 7:00 p.m., Monday, February 11, 2019.

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Above: President Jacki Swank opened the meeting by introducing herself and welcoming members and guests to the 62nd annual meeting, celebrating 61 years of service to Credit Union members. She proceeded by introducing members of the Board of Directors and acknowledged the time, effort and wide expertise they contribute. Jacki went on to recognize David VanDyke’s contribution to credit union as he steps off the Board this year.

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Jacki expressed her pride and appreciation of the credit union staff who she considers the heart, soul and foundation for our credit union. She introduced each one to the attendees. She discussed the roles of each of the key committees and introduced the committee members to the attendees.

A special welcome was extended to all retirees including charter Credit Union member Terry Pauley and his wife Erma; as well as former President Linnie Kalif and Manager Connie Gray.

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Swank turned the meeting over to Chairperson Jon Imhoff (above), who acknowledged and thanked the Credit Union staff for their dedication and efforts this past year. Imhoff presented the 2018 financial statements and pointed to the Credit Union’s strong financial position and identified favorable upward trends in assets, revenues, loan volume and interest rates. Imhoff went on to mention that in each of the past five quarters, the Credit Union raised the dividend rate it pays to members.

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Above: Two oversight committee reports were presented. Committee Chair Sheila Joyce (left) presented the Credit Committee Report and committee member Jessica Ray presented the Supervisory Report.

Jacki Swank continued the meeting making the following comments in her President’s Report:

  • 2018 was a good year. We were able to raise the dividend rate multiple times and we hope to continue to do so in 2019.
  • CD investments continue to be a large portion of our portfolio. Rates increased considerably in 2018 and have remained steady thus far this year.
  • Our long-term investments in mortgage-backed securities continue to play a significant role in our portfolio earnings. In 2018, our long-term investments made up about 29% of our total investment portfolio.
  • In 2018, the Credit Union purchased and installed a new ATM machine that uses EMV chip technology, as the old machine was no longer serviceable.
  • Swank discussed the fact that in 2019 the Credit Union will be exploring adding additional member services including mobile banking, remote deposit capture, electronic signatures and live debit card balances.

In closing, Jacki said the Credit Union looks forward to a prosperous 2019. She thanked the attendees for their membership and told them how the Credit Union valued each of them. She invited the attendees to keep the Credit Union in mind for their future financial needs and reminded them to stay after the meeting to have refreshments and a chance to win one of the door prizes.

In new business, Chairperson Imhoff presented the 2019 Budget. On a motion from Wade Forsythe and a second from Paul LaRose, the 2019 budget was approved by a voice vote from the membership attending.

Ballots were distributed to all attendees to vote to fill three Board of Directors positions becoming available. The listed nominees were Tina Workman, Brian Trenhaile (who replaces Ryan Tate), and Curtis Nelson (who replaces David VanDyke). The ballot also allowed for additional nominations and write-in candidates. Member Sheila Joyce moved the three listed nominees be accepted by acclamation and this was seconded by Jennifer Tade. Subsequently, the nominees were approved by a voice vote from the attending members.

Lyn Scrivner has resigned from the Board of Directors and Lisa Brock has taken her place on the board.
2019 officers
Following the adjournment of the business meeting, board members reconvened to elect officers for the coming year with the following officers being named:
Doug McClure — Chairperson
Darren Moore — Vice Chair
Brian Trenhaile — Treasurer
Allen Finley — Secretary
The meeting adjourned at 7:35 p.m. The Credit Union Staff then coordinated the distribution of door prizes.

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Above and below: Attendees were rewarded with attendance prizes. Young members had their choice of gifts displayed on the prize table, while lucky adult members were able to choose a gift certificate for a local business.

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And then, refreshments were served.

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SHELTER FEDERAL CREDIT UNION

ANNUAL MEETING MINUTES

FEBRUARY 11, 2019

President Jacki Swank opened the meeting by introducing herself and welcoming members and guests to the 62nd annual meeting, celebrating 61 years of service to credit union members.  She proceeded by introducing the Board of Directors and acknowledged the time, effort and wide expertise they contribute.  Jacki went on to recognize David VanDyke’s contribution to credit union as he steps off the Board this year.

Ms. Swank discussed the roles of each of the key committees and introduced the committee members to the attendees.

The Asset Liability Committee meets monthly and has the important function of measuring and managing the various risks of the Credit Union including recommending changes to loan rates, dividend payments and investment policies.   Special recognition and thanks were extended to Gary Ford for his contribution to this committee and the advisory services which he provides.

The Supervisory Committee provides oversight and guidance for internal operations.  They monitor and audit various areas for compliance throughout the year.  President Swank acknowledge the contribution of Curtis Nelson who recently stepped off the Committee.

Finally, the Credit Committee is a very active committee which meets every Tuesday and Thursday to review loan applications.

Jacki expressed her pride and appreciation of the credit union staff who she considers the heart of our credit union.  She introduced each one to the attendees.  She then recognized Bruce Meentemeyer for his help in keeping the credit union’s website up to date and for taking pictures this evening.   Jacki also thanked Patty Colvin-Monnig of Facilities and Bill Going’s Cafeteria staff for their contribution to the annual meeting.

A special welcome was extended to all retirees including charter member Terry Pauley and his wife Erma, and former President Linnie Kalif who were all in attendance.  Ms. Swank then took the opportunity to recognize the support she receives from her husband Craig and their sons Alex and JJ who were in attendance.

At that time, the meeting was turned over to the Chairperson Jon Imhoff.

The 62nd annual meeting of the Shelter Insurance Federal Credit Union was called to order at 7:07 pm on February 11, 2019 by Board Chairperson, Jon Imhoff.

Mr. Imhoff acknowledged and thanked the credit union staff for their dedication and efforts this past year.   He then declared a quorum was present.

The first order of business was approval of the 2018 annual meeting minutes.  Brian Trenhaile moved for approval and Wade Forsythe seconded.  The minutes were then approved by a voice vote of the attending members.

Jon Imhoff then presented the 2018 financial statements.  He pointed to the credit union’s strong financial position and identified favorable upward trends in assets, revenues, loan volume and interest rates.  Mr. Imhoff went on to mention that in each of the past five quarters, the credit union raised the dividend rate it pays to members.  On a motion from Jeanne Collins, a second from Erma Pauley and an affirmative voice vote from the attendees, the financial statements were approved.  A copy of the financials can be found in the Original Minutes Book.

Next, the two oversight committee reports were presented.   Committee Chair Sheila Joyce presented the Credit Committee Report and committee member Jessica Ray presented the Supervisory Report.  On a motion made by Chuck Collins and a second from Tyler Ray, the committee reports were approved by a voice vote of the membership that was present.

Jon then turned the meeting over to Jacki Swank for the President’s Report.

President’s Report

Jacki made the following comments in her report:

  • 2018 was a good year. We were able to raise the dividend rate multiple times and we hope to continue to do so in 2019.
  • CD investments continue to be a large portion of our portfolio. Rates increased considerably in 2018 and have remained steady thus far this year.
  • Our long-term investments in mortgage-backed securities continue to play a significant role in our portfolio earnings. In 2018, our long-term investments made up about 29% of our total investment portfolio.
  • In 2018, the Credit Union purchased and installed a new ATM machine that uses EMV chip technology, as the old machine was no longer serviceable.
  • Swank discussed the fact that in 2019 the Credit Union will be exploring adding additional member services including mobile banking, remote deposit capture, electronic signatures and live debit card balances.

In closing, Jacki stated that the credit union looks forward to a prosperous 2019.  She thanked the attendees for their membership and told them how the credit union valued each of them.  She invited the attendees to keep the credit union in mind for their future financial needs and reminded them to stay after the meeting to have refreshments and a chance to win one of the door prizes.

At that moment, President Swank turned the meeting back over to Jon Imhoff.

Old Business

Mr. Imhoff opened the floor for old business and there was none.

New Business

Chairperson Imhoff presented the 2019 Budget.  On a motion from Wade Forsythe and a second from Paul LaRose, the 2019 budget was approved by a voice vote from the membership attending.

Ballots were distributed to all attendees to vote to fill three (3) Board of Directors positions becoming available.  The listed nominees were Tina Workman, Brian Trenhaile, and Curtis Nelson.  The ballot also allowed for additional nominations and write-in candidates.   Member Sheila Joyce moved the three listed nominees be accepted by acclamation and this was seconded by Jennifer Tade.  Subsequently, the nominees were approved by a voice vote from the attending members.

Mr. Imhoff then entertained a motion that the meeting be adjourned.  Erma Pauley made the motion and it was seconded by Jessica Ray.  After an affirmative vote by the attending members, the meeting adjourned at approximately 7:35 pm.   The Credit Union Staff then coordinated the distribution of door prizes.

Respectively submitted,

Jon Imhoff, Chairperson                                Al Finley, Secretary

 

Credit Union declares 4th quarter dividends

The Shelter Credit Union board of directors announced December 20 that the Credit Union will pay dividends of .60% APR  on share (savings) accounts, and 0.10% APR on checking accounts over $500, in the 4th quarter of 2018 (October, November and December, 2018).

 

Credit Union board approves dividend increase for draft accounts

The Shelter Credit Union board of directors has approved an increase of the dividend rate for Draft Accounts (checking) over $500, from 0.05 APR to 0.10 APR, effective November 1, 2018.

 

 

61st Annual Meeting Minutes

Shelter Federal Credit Union Annual Meeting Minutes

February 12, 2018

 Jacki opened the meeting by introducing herself and welcoming members and guests to the meeting.  She proceeded by introducing the board of directors and acknowledged the time and effort they donate. She went on to briefly discuss the roles of the key committees which help direct the credit union’s operations.

The Asset Liability Committee meets monthly and has the important function of measuring and managing the various risks of the Credit Union including recommending changes to loan rates, dividend payments and investment policies.   Special recognition and thanks were extended to Gary Ford for his contribution to this committee and the advisory services which he provides.

The Supervisory Committee provides oversight and guidance for internal operations.  They monitor and audit various areas for compliance throughout the year.

Finally, the Credit Committee is a very active committee which meets every Tuesday and Thursday to review loan applications.

Jacki expressed her pride and appreciation of the credit union staff who she considers the heart, soul and foundation for our credit union.  She introduced each one to the attendees.  She then recognized Bruce Meentemeyer for his help in keeping the credit union’s website up to date and for taking pictures this evening.   Jacki also thanked Patty Colvin-Monnig of Facilities and Bill Going’s Cafeteria staff for their contribution to the annual meeting.

A special welcome was then extended to all retirees including charter member Terry Pauley and his wife Erma who were presented flowers by Chairman of the Board Tina Workman.

At that time, Jacki turned the meeting over to the Chairman Workman.

The 61st annual meeting of the Shelter Insurance Federal Credit Union was called to order at 7:05 pm on February 12, 2018 by Board Chairman, Tina Workman. Tina acknowledged and thanked the credit union staff for their dedication and efforts this past year.   She then declared a quorum was present.

The first order of business was approval of the 2017 annual meeting minutes.  Erma Pauley moved and Bill Johnston seconded the approval of the minutes which were subsequently approved by a voice vote of the attendees.

Tina Workman then presented the 2017 financial statements.  She pointed to the credit union’s strong balance sheet and briefly discussed how the low interest rate environment affects profit margins and shareholder dividends.  On a motion from Paul LaRose, a second from Wade Forsythe and an affirmative voice vote from the attendees, the financial statements were approved.  A copy of the financials can be found in the Original Minutes Book.

Next, the two oversight committee reports were presented.   Committee member Todd Sanders presented the Credit Committee Report and Committee member Brian Trenhaile presented the Supervisory Report.  On the motion made by Sheila Joyce and a second from Sue Kincade, the committee reports were approved by a voice vote of the membership that was present.

Tina then turned the meeting over to President Jacki Swank for the President’s Report.

President’s Report

Jacki made the following comments in her report:

  • 2017 was a good year. We were able to raise the dividend rate multiple times and we hope to continue to do so in 2018.
  • CD investment rates are steadily increasing so our investment income should continue to increase in 2018.
  • Our long term investments in mortgage backed securities continue to play a significant role in our portfolio earnings. In 2017, our long term investments made up about 27% of our total investment portfolio yet they generated 44% of our investment income.
  • The credit union is currently running a promotion designed to increase the number of members who get their statement electronically. As an incentive, members who sign up for e-statements in the month of February will get entered into a drawing for a $50.00 Gift card to the restaurant of their choice.

In closing, Jacki stated that the credit union looks forward to a prosperous 2018.  She also thanked the attendees for their membership and wanted them to know that we truly value each and every one of them.  Please keep the credit union in mind for your future financial needs.

Please remember after the meeting portion we will give out raffle prizes there will be refreshments served.

At that moment, Jacki turned to meeting back over to Tina Workman.

Old Business

Tina opened the floor for old business and there was none.

New Business

Tina presented the 2018 Budget.  On a motion from David Lang, and a second from David Mallory the 2018 budget was approved by a voice vote from the membership attending.

Ballots were distributed to all attendees to vote to fill four (4) Board of Directors positions becoming available.  The listed nominees were Jon Imhoff, Lyn Scrivner, Darren Moore, and Jennifer Tade.  The ballot also allowed for additional nominations and write-in candidates.   Member Paul LaRose moved the four listed nominees be accepted by acclamation and this was seconded by Sheila Joyce.  Subsequently the listed nominees were accepted by a voice vote from the attending members.

Tina then entertained a motion that the meeting be adjourned.  Pam George made the motion and it was seconded by Todd Sanders.  After an affirmative vote by the attending members, the meeting adjourned at approximately 7:40 pm.   The Credit Union Staff then coordinated the distribution of door prizes.

Respectively submitted,

Tina Workman, Chair                                      Al Finley, Acting Secretary

*  Minutes of prior annual meetings are available by request directed to the Credit Union president.

 

 

 

Credit Union members receive a discounted loan rate on company car purchases

If you’re in the market to buy a dependable, economical and affordable Shelter company fleet car, then the Shelter Insurance Federal Credit Union can help make your buying experience even more affordable with the Shelter Fleet Vehicle Loan Discount, which is available to all Credit Union members.

Your Credit Union’s special discounted rate of 0.5% off currently posted vehicle loan rates is available to members on the purchase of any company fleet vehicle—those sold by auction bid and those sold by listed price.

You’re not a Credit Union member? It takes only a few minutes and $5 to join!
Joining the Credit Union is as simple as completing an application and submitting $5 dollars!   Begin taking advantage of numerous benefits of Credit Union membership now.   Members of your immediate family who are living in the same household are eligible to join and receive full membership benefits, as well. To obtain a Membership Application and more information about membership, drop by the Credit Union at the Home Office or contact a staff member of the Credit Union at 573-214-4207.

The Purchasing Department has Shelter fleet vehicles for sale frequently and the offering of available vehicles changes often.   For additional information about purchasing a company vehicle, please contact Rhonda Monnig at 573-214-4175

After you select a vehicle, then visit the Credit Union and complete a vehicle loan application as you would with any other vehicle.

As noted by the Purchasing Department, all vehicles are sold on an “as is, where is” basis and Shelter Insurance Companies makes no warranties, either expressed or implied, regarding merchantability or fitness for a specific purpose. All vehicles are located in Columbia, Mo., and the purchaser is responsible for transportation of the vehicle.

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Get cash with your Credit Union Debit Card at Central Bank of Boone County ATMs

News for Shelter Credit Union Debit Card holders: You can withdraw funds using your Shelter Credit Union Debit Card from any of the 26 Central Bank of Boone County ATM locations in Central Missouri with NO transaction fee.

You may get cash and check your balance, but deposits to your Shelter Credit Union account CANNOT be made at Central Bank of Boone County ATMs.

Columbia ATM Locations:
West Broadway & Worley – 1005 W. Worley
Downtown – 720 E. Broadway
Downtown – 15 S. 8th St.
The Heidelberg – 410 S. 9th St.
MU Student Center
UMC Hospital – One Hospital Dr.
Forum – Forum Blvd. & Forum Katy Parkway
Stadium Shoppes – 301 N. Stadium
Columbia Mall – 2 locations inside Columbia Mall
Keene – 900 N. Keene
Midway – 6401 W. Hwy. 40

Columbia Banks/Drive-Thru/ATM:
Motor Bank – 203 Walnut
Village Bank – 1916 Paris Rd. (Rt. B)
South County – ASHLAND – 405 E. Broadway
West Broadway – 2711 W. Broadway
Keene Financial Center – 205 S. Keene St.
Smiley Lane – 1009 Smiley Ln.
Rock Bridge – 505 E. Nifong
Woodrail Centre – 1000 W. Nifong
Lake of the Woods – 5614 E. St. Charles Rd.

Area Banks/Drive-Thru/ATM:
Hallsville – 105 Route B
Sturgeon – 117 N. Ogden St.
Centralia – 216 W. Railroad St.
Boonville Downtown – 416 E. Spring St.
Boonville West – 1920 Legends Ave.

Shelter Insurance Federal Credit Union Anti-Phishing Policy

WHAT IS PHISHING? In simple terms, phishing is online identity theft. Commonly, phishers send e-mail messages that appear to come from a trusted source, like a credit union, a bank, or a credit card company, and try to trick people into divulging their passwords, account numbers, or other confidential information. People fall prey to the schemes because they believe they are interacting with a company that they trust.

THE SHELTER INSURANCE FEDERAL CREDIT UNION has adopted the following email policy to combat such schemes. Our email transactions:

  • will never ask members for account numbers or social security numbers
  • will never include members account numbers unless authorized by member
  • will never ask members to verify information via e-mail unless contact initiated by member
  • will never include links to other sites
  • will never include a form, or post a form which asks members to verify any information

It is the intent of the Shelter Insurance Federal Credit Union Board of Directors to have this policy distributed to the membership on a regular basis.

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