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1st Quarter 2009


SPC Credit Union...Safe & Secure since 1941

No doubt about it, 2008 was a tough year with an unstable economy and roller coaster gas prices. We realize you may be facing some tough times in 2009. Since 1941, SPC has been here for its members and seen tough times come and go. SPC is member-owned and operated. SPC is proud to be able to help its members become financially strong with products like low rate credit cards, personal loans for debt consolidation, ACCEL Financial Counseling Services, and new BudgetSmart budgeting software. You can also rest easy knowing all funds at SPC are federally insured up to $250,000 by the National Credit Union Administration, an agency of the United States Government.
If you need help to make 2009 a better year financially, choose the safety and security of your Credit Union. Ask a Member Service Representative how you can receive an individual financial check-up.
SPC supports Hartsville Soup Kitchen
SPC employees and volunteers served lunch on Thanksgiving day at the Hartsville Soup Kitchen. For the third year, SPC showed their “hometown spirit” by sharing their time with those less fortunate in the Hartsville area. Volunteers were rewarded for their small sacrifice by the smiles on the faces of those who enjoyed the traditional turkey and dressing lunch.
“Hometown Favorites”
Now Available!
Purchase your copy of “Hometown Favorites” at any SPC location.
With 350 recipes, it’s a great deal at just $10!
All proceeds will benefit SPC’s Community Service Fund.
Dream Car
Dream Rate
Rates as low as
5.75% APR*
for new vehicles!
*Annual Percentage Rate. Qualification is based on individual creditworthiness.
The Magic of Savings
National Youth Week - April 19-25, 2009
Credit unions nationwide will celebrate Youth Week, April 19 - 25, by encouraging the practice of saving money. This year’s theme - “The Magic of Savings” - demonstrates how money magically grows when deposited to credit union savings accounts. Youth Week also presents the credit union difference to help youth, and adults alike, better understand the advantages of membership in a not-for-profit cooperative. Credit union members benefit by earning better rates on savings and loan products, paying lower fees and receiving personalized service. 
Special events will be planned throughout the week. Visit the SPC Teen Scene and Savasaurus websites at www.spccu.org for complete details.
Gift Cards - What happens to unused credit?
Did you ever receive a gift card and set it aside, then find it months or years later? Plenty of people do. Brian Riley, research director of the bankcards practice at the Tower Group, Needham, Mass., says gift card sales are likely to approach $100 billion this year, but nearly 10% of that is likely to go unused. 
If you don’t use your gift card cash, it either goes back to the card issuer, or to the government in the state where the card issuer’s headquarters is located. Some states require card issuers to return all or a percentage of unspent balances to the government as unclaimed assets. In other states, card issuers can keep the money.
Sometimes, when residents in a state have unused gift card balances, that state requires out-of-state card issuers to return a portion of those balances. That’s impossible if a card issuer can show it doesn’t know who holds the gift cards.
For states and card issuers, these balances are worth fighting for. Nanette Byrnes, a senior writer for Businessweek, New York, writes that in the past two years Best Buy, which issues cards from Virginia, added $135 million in unspent gift cash to its operating income.
For gift card buyers and recipients the lesson is clear: Don’t let the government or a card issuer have your cash. Do your homework before buying a card and get one with favorable terms. And when you receive a gift card, spend the cash right away. 
Copyright 2008 Credit Union National Association Inc.
Budget Smart...A better way to Budget!
SPC is proud to offer BudgetSmart, provided by Accel Financial Services. BudgetSmart is the only budgeting software designed by financial counseling professionals. And, is now available as a FREE download on SPC’s Homepage at www.spccu.org
Each month, most people spend 10 percent more money than they make. Now there is a smarter way to manage your money. BudgetSmart is an easy-to-use software tool designed to help families manage their money more effectively. The FREE downloadable software can be used to:
• Determine how you want to spend your income
• Track how you are actually spending your income
• Learn how to adjust areas where you are overspending
• Experiment to determine how a major purchase or change in income would impact your budget.
You’ll love BudgetSmart because it provides a simple, effective approach to managing and budgeting income. It is also an effective educational tool for children and teens! Find out more at www.spccu.org.
You are invited to the SPC Annual Meeting
Hartsville, SC
6:00 PM
6:30 PM
Annual Report from the Board of Directors and the President
SPC honors Faith Tyson as this quarter’s Hometown Hero. Faith, co-founder and secretary of the Southern Animal Welfare League in Florence and Hartsville, has dedicated her life to protecting the welfare of animals throughout our community.
 "Faith has a genuine love for the care and protection of animals that transcends through everything she does… these animals are all like her children", says longtime friend, Theresa Simmons. Through the Southern Animal Welfare League, Faith has been instrumental in having animal protection laws passed and enforced, educating the public about the importance of spay and neutering pets, and has been a voice in our community speaking out against animal cruelty. She also builds and donates dog houses for those in need of shelter through a program called Roofs4Rover. We at SPC give two paws up for all of Faith’s hard work and dedication in our community. Thanks Faith!
If you know an SPC member that shows their "Hometown Spirit", nominate them for the Hometown Hero spotlight by e-mailing Linda Weatherford at lhweatherford@spccu.org. 



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