AEROBITS - June 2006
Members of Your Board of Directors and Committees
Congratulations on another successful Annual General Meeting!!! Following is the composition of the Board of Directors, other statutory and appointed committees.
Board of Directors:
Mr. Kester Husbands - President
Mr. Brian Matthews - Vice President
Mr. Michael Halls - Treasurer
Mr. Lyndon Byer - Secretary
Mr. Augustine Cox - Asst. Treasurer
Ms. Faye Husbands - Asst. Secretary
Mr. Courtney Demming - Director
Mr. Alec D. Clarke - Director
Mr. Gregory Aqui - Director
Mr. Theo Oliver - 1st Alternate
Mr. Anthony Grant - 2nd Alternate
Supervisory Committee:
Mr. Avery Brown
Mr. Anand Mahase
Mr. Harold Clovis - 2nd Alternate
Ms. Jerrilyn Plowden
Mr. Damien Edwin - 1st Alternate
Credit Committee:
Ms. Mavis Edwards
Mrs. Genii Reyes
Mr. Anthony Grant
Mrs. Sharon Lee Sing Barnes
Mr. Angel Landeau
Mr. Heston Mitchell - 1st Alternate
Social & Cultural Committee:
Mr. Earl Joseph
Mr. Christopher Bynoe
Ms. Alisha John
Mr. Anthony Isaacs
Mr. Anthony Oliver
Mr. Courney Demming - Board Representative
Education Committee:
Mr. Sean Mohammed
Mrs. Michelle Bodhansingh
Mrs. Ann Liverpool
Ms. Gillian Benjamin
Ms. Gizelle Pomero
Faye Husbands - Board Representative
Future Plan!
Life Advice Making a Will
Theend of your life is something you probably don't want to dwell on, but thinking about what will happen to your loved ones, assets and personal possessions is important. The simplest way to ensure that your funds, property and personal effects will be distributed after your death according to your wishes is to prepare a will which will legally designates the transfer of your property and assets after you die.
If you have no apparant heirs and die without a will it is possible that the state may claim your estate. having a will is especially important if you have young children because it gives you the opportunity to designate a guardian in the event of your death.
Basic elements of a will generally include, your name and place of residence, a brief description of your assets, name of spouse, children and other beneficiary dies before you do, specific gifts, such as a vehilcle or residence, establishment of trusts if desired, cancellation of debts owed to you, if desired, name of executor - this person oversees the distribution of your assets in accordance with your will, name of guardian for minor children, name of alternative guardian inthe event your first choice is unable or unwilling to act, your signature, witnesses signature.
Start by organizing what you need, outline yyour objectives, inventory your assets, estimate your standing debts and prepare a list of family members and other beneficiaries. Use this information to consider how you want to distribute your assets. Be specific and clear when naming beneficiaries, state the person's name and their relationship to you. Clarity helps to prevent challenges to your will.
Applying for a Loan?
PERSONAL LOANS or loans fully secured by Shares:
Theses loans are approved by the office on a dayto day basis and cheques can be collected by the next day. Members can phone in their request and sign up the relevant forms when they come to collect cheque. This saves the member from having to make two visits to the Credit Union.
CHARACTER LOANS or loans in excess of your Shares:
Theses loans are approved by the Credit Committee and forms must be submitted no later than Monday by 4:00 p.m. as meetings are held every Tuesday. Forms recieved after deadline date will be considered at the next meeting of the Credit Committee.
The submission of the relevant backup documents with your application for a loan is critical to its timely processing, consideration and approval. When applying for a loan, do submit a resent copy of your pay-slip or a statement of income if you are self employed plus either of the following:
- An invoice from the vendor detailing the item for purchase and its cost
- Second hand vehicles - a letter of intent to sell from the ownership, letter from insurance stating type of coverage offered. Vehicle must not be older than 5 years. A deposit of 25% is needed on Shares
- In the case os funding a new business - a strategic plan and feasibility study and projections of cash flow etc
Finally, do not forget to completely fill your application form and affix your signature at the back.
What's Going On!!!
SEA Awards
All members of children who have written 2006 SEA examinations are invited to submit their names accompanied by proof of registration at their new school to the office no later than August 21st 2006
HEI Awards
Thoses members' children eligible for the HEI Awards are to do same no later than September 8th 2006. Due to the Government's Tertiatiary education initiative, the grant is being reviewed, members would be informed accordingly. The SEA/HEI ceremonies are tentatively carded to take place on September 20th 2006.
Wealth Creation Workshop !!
facilitated by the dynamic Mr. Garth Thomas at the Aero Services Credit Union building on July 1st 2006 from 9:00am to 12:30pm. Registration fee $50.00. Register with Mrs. Annette Boodramsingh at the Credit Union Office at 640-6416/8 Ext 26 or any member of the Education Committee. Space is limited!!!
Boat Ride Excursion and Family Day to Chacachacare
Saturday July 15th 2006. Sailing: Departs Pier2 @ 10:00am. Arrives Chacachacare @ 12 noon, depart Chacachacare 4;00pm Return Pier2 @ 6:00pm Adults - $50.00 and Children $20.00. Tickets are available at Credit Union Office, BWIA Sunjet House and Piarco. For further info call Earle Joseph at 669-3000 Ext 2261/2258 or email at: ejoseph@bwee.com
Bring out the entire family! Book Early! Limited Tickets. A social & Cultural Committee promotion.
Did You Know!!!
- That ASCU offers competitive rates on Fixed Deposits
- Members can avail themselves of accommodations when visiting Tobago at ASCU's Coral Ridge studio aprtments.
- That immediate family and siblings of ASCU members can become part of the ASCU family
- That AEROBICS classes are on Mondays, Tuesdays and Thursdays from 5:00 - 6:00pm Join Now!!!
Office Update !!
DECLARATION OF SOURCE OF FUNDS
In order to support the guideline for Anti-Money Laundering and the Combating of Terrorist Financing, members are required to complete the source of funds declaration funds for deposits over $25,000 effective July 01, 2006.
Remember! The credit Union office hours are 9:00am to 4:00pm
