Charter Expansion, Growth, and Survival for Police Credit Unions
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Kemba Delta Federal Credit Union
1. KEMBA DELTA FCU 4095 American Way Ste. 10 Memphis, TN 38118 901-795-9055 www.kembadelta.org
2. KEMBA (Kroger Employee Mutual Benefit Association) Delta Federal Credit Union was chartered in 1934 by the National Credit Union Association (NCUA) for the purpose of providing credit union services. We are a not-for-profit 501c3, tax exempt financial institution and exist only to serve our specific membership. Five Star Superior Rating by leading independent firm Bauer Financial Our first member group was Kroger Employees and their families, serving them in 5 states. TN, MS, AR, KY, MO. Today we have opened our field of membership in the Memphis area for business’s and associations to enroll as members as well as their immediate family members. Our purpose is to promote thrift by making it easy to save or borrow for almost any worthwhile reason.
3. How does an organization benefit from affiliating with a credit union? Attracting, motivating, and retaining qualified employees, are some of employers greatest challenges. By offering credit union membership as an enhancement to a benefits package, the value of the organization is also enhanced. It demonstrates that an organization truly cares about helping their employees achieve financial goals. The expected result? Improved morale, productivity, and loyalty to the company. Best of all… there is no cost or liability to an organization for offering the benefit of credit union membership .
4. How will the employees of an organization benefit from KEMBA Delta? For years, credit unions have been the top-rated financial institution among consumers because of lower fees, competitive interest rates, faster loan service, and superior staff courtesy. Employees of an organization will find that the purchase power of their paychecks has been extended due to attractive interest rates on loans. Individuals can realize their financial goals through higher rates on savings and investments. Employees will have free access to over a 100 articles and over 65 Podcast’s dealing with money, family, fraud, car buying tips, budgeting, IRA’s, saving’s & more. Of course, employees will save time thanks to convenient, automated services such as: Direct Deposit, Payroll Deductions, Online Banking, and much more!
5. Services Kemba offers Convenience Online Banking ATM’s local & nationwide Telephone KAL – Automated phone access line to conduct business Over 3800 shared branches nationwide to conduct your business Loans No Credit Check (Unsecured) Signature (Unsecured) Auto – New/Used/Refinance Mortgage Motorcycle Emergency (Unsecured) Accounts Free Checking – No minimum; 1 st 50 checks are free Savings CD’s IRA’s Roth IRA’s Traditional Debit Cards – No Fees Christmas Club
6. #1 Motivating Reason to Switch Financial Institutions ?
7. Rates & Fees* Kemba is 30% lower than local banks *According to Javelin Strategy and Research
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9. Rate Savings Example (Current promotion) Auto - $15,000 4 years 2% below current rate 5.25% Rate 3.25% - Good Credit Savings $646 Bigger Savings with Avg. to Poor Credit Rate Savings Example (Current promotion) Auto - $25,000 4 years 2% below current rate 5.25% Rate 3.25% - Good Credit Savings $1077 Bigger Savings with Avg. to Poor Credit Rate Savings Example (Current promotion) Auto - $15,000 5 years 2% below current rate 5.75% Rate 3.75% - Good Credit Savings $822 Bigger Savings with Avg. to Poor Credit Rate Savings Example (Current promotion) Auto - $25,000 5 years 2% below current rate 5.75% Rate 3.75% - Good Credit Savings $1370 Bigger Savings with Avg. to Poor Credit
10. Merchants Allowing Cash Back on Debit Cards Kroger Wal-Mart Target Sam’s Costco Lowe’s Home Depot Kohl’s Dillard’s Macy’s Merchants Allowing Cash Back on Debit Cards Mapco 7-Eleven Walgreens Rite-Aid Schnucks Piggly Wiggly
12. Why Join Kemba Today? Reasons No Minimum balance required. No fee checking accounts . Many Americans spend hundreds of dollars a year on checking account fees, often because they can't meet minimum balance requirements. Kemba gives their members a break by assessing no fee unless you go negative in your account. 1st set of checks are also FREE! Debit Cards – NO FEES! Kemba has some of the lowest interest rates on auto loans in the Memphis area. Check out our current promotion at 3.25% . This aggressive rate is saving members hundreds to thousands of dollars on their car loans. We do refinances as well. DataTrac, a national interest rate-tracking service, finds that rates on our car loans are on average 1.5 to 2.0 percent lower than banks. Better rates of return on savings. Kemba pays some of the highest interest rates on basic savings (share) accounts, interest-bearing checking accounts and IRA’s/CD’s in the city. Your Kemba accounts are insured by the U.S. government. Kemba accounts are insured up to $250,000 by the National Credit Union Share Insurance Fund, just as the FDIC insures bank and thrift deposits of up to $250,000. Once a member, always a member . As long as you maintain your Kemba account in good standing, you will always be a member of Kemba, even if you move. Online Service – With our internet banking it makes it convenient for you to conduct your business 24/7. Convenience – Kemba is part of the Shared Branching network of over 3900+ branches. Making it the 2nd largest network in the country only to Bank of America. This allows you to conduct your business locally as well as nationally. Immediate family members can join . Parents, Spouse (including surviving spouse), Children, Siblings, Grandparent , Stepparents, Stepchildren, Stepsiblings, Adoptive relationships.
17. Summary: KEMBA Delta FCU has been in business since 1934, offering you and your employees stability in an unstable financial world. We offer the lowest fees compared to local bank’s which is the #1 reason people switch financial institutions. We offer you over 3900+ shared branching locations nationwide making it the 2 nd largest branch network in the country…only behind Bank of America. We offer over 50 ATM locations just in Memphis. Nationwide we offer over 3500 ATM locations for your convenience. We offer a friendly and knowledgeable staff to serve you. So what are you waiting for??? Enroll today.