Winter 2020 RRCU Chronicle
Red River Credit Union Achieves Record Asset Level
Thanks to our members, we are growing stronger every quarter! We are proud to announce our assets have grown to over $1BILLION. With more than 111,600 members, our assets reflect our place as a leading financial institution in our communities. What does this mean for you? With a strong base, we can offer competitive rates and dividends to our members. We also reinvest in our full suite of products and services to ensure you receive the best. Thank you for being an important part of a great credit union!
Board of Directors Nominees
DAVID WALLS - Member for 27 years; retired educator, serving as principal, coach, and teacher for 37 years. Mr. Walls has served as Asst. Vice President at Atlanta Federal Savings & Loan; served as Branch Manager at Security Savings, Atlanta, Texas. Mr. Walls graduated with a Master’s degree from Texas A&M University-Commerce and holds a Superintendent Certification. Mr. Walls is a board member on the BTC Youth Services, serves at Indian Hills Country Club, and is currently a sales agent with Superior Realty. Mr. Walls and his wife, Lou, live in Atlanta, Texas, are members of First Baptist Church in Atlanta, and have a daughter, son, and two grandchildren.
RON CLEVELAND - Member for 23 years; retired from Red River Federal Credit Union where he was an employee for 20 years. Mr. Cleveland held positions of Collection Officer (1996-1997), Loan Officer (1997-2000), Loan Manager (2000-2006), and Vice-President of Lending (2006-2016). Mr. Cleveland attended Texarkana College, the University of Arkansas, and completed the Credit Union National Association Lending Specialist program. Ron and his wife, Beth, live in Hot Springs, Arkansas, and have two sons and two granddaughters.
FRANK BUCHANAN - Member for 17 years; Chairman of the Supervisory Committee. Mr. Buchanan graduated with a BSE degree from Southern Arkansas University and has an MLS degree from Texas A&M University, Texarkana. Mr. Buchanan has served on the credit union’s Supervisory Committee for 10 years, 8 years as Chairman. Mr. Buchanan retired from the education field after 35 years of teaching and administration in Texarkana (AR), Ashdown (AR), and New Boston (TX). He is currently in property management. Mr. Buchanan currently serves on the New Boston School Board, New Boston Zoning & Development Committee, New Boston Noon Lions Club, the New Boston Gideon Camp, and is active in his church. Mr. Buchanan and his wife, Janet, live in New Boston, Texas.
(Updated) Support for Internet Explorer Ending Soon
UPDATE: Service extended to October 2020. Red River Credit Union will stop supporting Internet Explorer in April of this year. There are a number of reasons for this change, but the biggest one is security. Microsoft, the maker of Internet Explorer, stopped updating the browser over 3 years ago, meaning it’s no longer meeting modern standards for security or user experience. We take security very seriously, so we’re ending our support for this aging browser. This means that any of our account holders still using Internet Explorer will need to switch to a new browser in the weeks ahead.
This is not a decision we’ve made lightly, but it’s the right one. Industry experts—and even Microsoft’s own security team—recommend that most users discontinue use of Internet Explorer.
Soon, Internet Explorer users will begin to see notifications as they log in to online banking. The good news is that change, in this case, is simple. Modern, secure browsers like Google Chrome are free and easy to download; and you may even have another on your computer already. Simply use one of these browsers to log in to online banking. It’s that easy. It’s also safer and faster, and you’ll notice a better user experience.
Commercial Lending Department Q&A
Does the credit union have a Commercial Lending Department?
Yes. The Commercial Lending Department is located on the first floor, north entrance, at the Summerhill Road branch.
What types of business loans are available to our members?
We offer Real Estate, Company Vehicles, Small Lines of Credit, Semi-Trucks, and other business-related loans.
Does the credit union offer business accounts?
Yes. Contact Schlundyra Carter at 903-735-3000 (ext. 3195) or scarter@rrfcu.com for details on our full suite of products and services.
Can members obtain a credit card for their businesses?
Yes. There is an application process. Please contact our Commercial Lending Department for details.
What is required by the member when seeking a commercial loan?
A member is asked to fill out a business application, personal financial statement, and a business debt schedule. Federal tax returns are also reviewed. Contact our Commercial Lending Department for further details.
Who can assist members who might be interested in a business loan?
Please contact Bryan DePriest at 903-735-3000 (ext. 3194) / bdepriest@rrfcu.com, Bob Bruggeman at 903-735-3107 / rbruggeman@rrfcu.com, or Jay Cowan at 903-735-3000 (ext. 3197) / jcowan@rrfcu.com.
Connectivity Benefits with Quicken or QuickBooks
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No manual data entry: Once set up, you can download all your transactions right into Quicken or QuickBooks.
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Automatically reconcile data: Downloading your complete transaction and balance information makes categorizations and account reconciliation easy.
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No duplicate transactions: A special transaction-matching algorithm is in place to prevent duplicate transactions.
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Easier to use: Files may be automatically opened directly from your RRCU Home Banking access. No more searching for saved files!
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Automatic account setup: The first time you initiate a download from your RRCU Home Banking account, Quicken or QuickBooks will set up your account for you–with your data already up to date.
Get started by logging into your RRCU Online Banking. Select the account you want and click the download icon in the top right. Select the appropriate options and follow the on-screen instructions.
