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c 2nd Quarter 2008

SPC Celebrates National Credit Union Youth Week April 21-25

"Got Green? Grow It at Your Credit Union."


Visit SPC Cooperative Credit Union April 21-25 and help us celebrate National Credit Union Youth Week. Fun events are planned during the week to help grow your green! Youth week is also a great time to learn more about SPC’s Teen Scene and Savasaurus Club, designed to educate and help youth build a brighter financial future. All youth ages 6 -17 are encouraged to take part in this weeklong celebration that encourages saving and promotes financial responsibility.


Special Events Planned for Youth Week at SPC:


  1. Little Coins Add Up to Big GREEN! Here is your chance to empty those piggy banks and watch your money grow. Visit the SPC Hartsville or Bennettsville location to use our FREE coin counting service or make a deposit at any branch location during National Youth Week and SPC will match your deposit up to $25.00.* Now, that’s growing your green!
  2. Deposits = FREE Stuff! While supplies last, Savasaurus and Teen Scene members will receive a FREE lunch tote with any deposit made, in person, to their account during National Youth Week.
  3. National Youth Saving Challenge™! All deposits made by SPC youth will be counted in the National Youth Saving Challenge. Help beat last year’s record of 71,844 youth who deposited 10.1million in credit unions all across America. Ten young members will be chosen from all participating credit unions in the U. S. and awarded $100 prizes from CUNA (Credit Union National Association).
  4. Become a Member! Not a Savasaurus or Teen Scene Member? National Youth Week is the perfect time to become a member of SPC Credit Union – and watch your money grow!

You may contact SPC Cooperative Credit Union at www.spccu.org or 843-332-4506 800-249-8459 for official rules.


*Limited to one offer per member from April 21-25, 2008.




People are Talking about SPC Bill Pay


SPC Bill Pay is easy and convenient - but don’t just take our word for it. . . Here is what SPC member, Art from Florence, had to say about SPC Bill Pay:


“I have been using the credit union on-line bill pay system for a few years now. It was simple to set up, and has been even easier to use. Not only do I no longer have to write checks and address, stamp and mail my bill payments, but the ability to schedule payments in advance has been extremely convenient when I am traveling. I would recommend the bill pay system to anyone looking for a hassle-free, convenient alternative to the traditional bill payment method.” -

Art from Florence



Youth Score Poorly in Financial Literacy…Grade F!


That's the average report card 12th graders earned for financial literacy in 2006. For about a decade, the Jump$tart Coalition® has been surveying high-school seniors about personal finance. What our youth don't know is shocking. For example, only 23% understand that interest/dividends on savings accounts may be taxable. Only 40% realize they could lose their health insurance if their parents become unemployed. Achieving economic prosperity is difficult. It's especially hard for young people who've never learned how to manage money. Your credit union is ideally positioned

to respond because we believe in the power of education. SPC is dedicated to help launch the youth in your life toward financial independence. Here are a few tips to start youth on the right path to financial education.


Join. As a start, open a savings account for each child in your family at the credit union. SPC offers youth clubs for all ages from birth to young adults. The goal of each club is to educate youth about the importance of saving and financial responsibility.


Involve. As soon as your children can write, have them fill out deposit and withdrawal slips. Kids from 3-6 who are SPC Savasaurus Club members can manage their own savings account while teenagers, and young adults can learn financial independence when they sign-up for SPC’s Teen Scene and Fusion Accounts. These accounts guide teenagers through using a debit card and balancing a checkbook.


Share. Include your children in your household finance discussions. Show them how you budget income and expenses. As their skills improve, give them challenges—such as finding a better cell-phone plan, calculating the total monthly cost of owning a car, or sticking to a budget with back-to-school or holiday spending.


Coach. Remind your children to ask for help when they need it. And turn to your credit union when you want help. Our tradition of service and philosophy of self helpmake SPC a natural partner in pursuing financial security. For more information about financial literacy for the youth in your home or to find out about Savasaurus, Teen Scene, or Fusion accounts, contact SPCMember Service at 843-332-4506.


Copyright 2008.  Credit Union National Association Inc. Information subject to change without notice. For use with

members of a single credit union. All other rights reserved.



Election Results from Annual Meeting


Thank you to all members who attended the Annual Meeting. Elections for Board or Directors and SupervisoryCommittee members were held with the following results:


Elected to the Board of Directors for a 3-year term:


Mark Burns


Elected to the Supervisory Committee for a 3-year term:

Pansy Howell



SPC Employees to Teach Junior Achievement in Local School


LindaWeatherford,Melissa Johnson, PhyllisMark, & BrendaWhitley are being trained to teach Junior Achievement classes to 2nd & 3rd graders at Thornwell School for the Arts in Hartsville.Junior Achievement is the world’s largest organization dedicated to educating students about work readiness, entrepreneurship and financial literacy through experiential, hands-on programs. Junior Achievement programs help prepare young people for the real world by showing them how to generate wealth and effectively manage it, how to create jobs which make their communities more robust, and how to apply entrepreneurial thinking to the workplace. SPC is proud to partner with Thornwell

School for the Arts and Junior Achievement to educate youth and help give students a strong financial foundation.



Unlock The Cash in Your Home


Your home is your most valuable asset. It can also be a great source to tap when you’re in need of cash. Spring wedding, summer vacation or off to college in the fall – your home

has the cash you need. If you’ve built equity into your home, SPC can help unlock the cash in your home with a Home Equity Loan. Check out this great offer:


• 100% financing

• No Closing Cost

• Rates as low as 5% APR

• Drawing for $1000 Lowes shopping spree*.

• No Origination Cost


SPC and a Home Equity Loan –the keys to unlock the cash in your home. Call or visit the SPCMortgage Department for any questions or for an application.


*Members with approved Home Equity loans fromApril 1 to June 30, 2008, are entered in a drawing for a chance to win a $1000 shopping spree at LOWES Home Improvement Store.Winners will be announced on or around July 15, 2008. For official rules see www.spccu.org.

*Annual Percentage Rate. Rates may vary based on individual creditworthiness. **SPC will pay closing costs up to $500 during the promotion period of April 1 - June 30, 2008. *Minimuminitial advance of $500 required. SPC’s Home Equity Line is offered through SPC Cooperative Credit Union. As of March 31, 2008, the variable APR for home equity lines of credit ranges from5.00% to 6.50%. This interest rate is subject to change, but will not exceed 18.00% APR. Consult your tax advisor regarding the deductibility of interest. Property insurance required. Additional restrictions may apply. Visit www.spccu.org for complete contest rules. Current SPC loans do not qualify.




New Clubs Announced for

SPC’s Smallest Members


Just in time for youth week, SPC announces the addition of the DinoMites & WeeSavers Clubs – two new clubs for the smallest SPCmembers.


DinoMites Club (for children ages 3 – 5) will have a kickoff event on May 20th from2:00 – 4:00 p.m. at FunDayGo in Florence.Membership in this club will include two outings per year and fun activities to encourage savings froma very early age. DinoMites automatically become Savasaurus club members on their sixth birthday.


TheWeeSavers Club is for newborns to age 2. This club is aimed at giving parents and grandparents a jump start on saving for the future and teaching financial responsibility fromthe very beginning. Kids in this club are ready to become DinoMites when they reach age 3.

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