power

Electric Service Credit Union was founded in 1951 at the suggestion of the Nashville

Electric Service Board. Eleven NES employees made the initial $5 deposit, and ESCU

was started on November 30. The credit union officially opened for business on

January 2, 1952, and by the end of the first month it had 210 members. By the end

of its first year, deposits had reached $67,000 and a membership of 517.

In 1961, as the credit union’s assets soared to more than

$1 million, ESCU amended its charter to allow the

family members of NES employees to join. The credit

union continued to grow steadily over the years, and it

changed its charter again in 1980 to allow NES retir-

ees to continue their membership for life. The charter

changed again in 2006 to allow those who live, work, worship or attend school in

Davidson County to join. Credit Union membership is now enjoyed by more than

5,000 ESCU members, assets are over $50 million, and a second branch has been

added in Donelson.

ESCU has now received an expansion of charter by the State of Tennessee, allowing us

to serve those who live, work, worship or attend school in Sumner County. A new

branch location at the Streets of Indian Lake in Hendersonville is planned, with

construction set to begin sometime in 2011.

Electric Service Credit Union continues to be served well by a volunteer Board of

Directors, and a staff of 17 employees. A new financial software system installed in

December 2010 will provide the platform for further ESCU growth. ESCU continues

to welcome new members and looks forward to serving generations of credit union

families for many years.

ESCU Celebrating 60th Anniversary

Give them your credit union. There is

no better banking choice for your family

than Electric Service Credit Union. You

already know that ESCU is a financial co-

operative, owned and operated by mem-

bers, for members. And, ESCU is head-

quartered right here in Middle Tennessee,

where decisions are made by people you

know. Help your family enjoy the kind of

financial peace of mind that credit union

members share every day. Bring your

family to Electric Service Credit Union.

Do your family a favor.

Inside this issue...Teaching kids to save

Charter member recalls founding

Money Market savings options

Doing good for horses

Bank by phone with Teller Line

Get a financial check-up

Earn big interest on checking

Annual meeting set

In Memoriam

J A N U A R Y 2 0 1 1

No Waiting in thisTeller Line

Our new 24 hour telephone banking

service, Teller Line, now offers lots of

new ways to access your account by

phone. Teller Line is great for checking

your balances, finding out if

your Direct Deposit was

received, or just balanc-

ing your checkbook.

You can also use Teller

Line for transferring

your loan pay-

ment, or making

transfers to other

credit union

members (approval

is required to transfer to other

accounts). You can reach Teller Line

anytime at 1-800-724-7574. To access a

complete menu of Teller Line’s options,

visit escu.com.

In Memoriam

Former ESCU Chairman of the Board,

Gradin L. Mooneyham, passed away

September 25, 2010. Mr. Mooneyham

worked at NES for many years as Safety

Supervisor. Mr. Mooneyham was an ac-

tive credit union member, as a volunteer

on the credit committee, then later as a

member of the Board of Directors and

Chairman of the Board.

Board of DirectorsDickie Johnson · Chairman

Gary Murray · Vice ChairmanJohn Broadway · TreasurerKent Cochran · Secretary

Randy GregoryChad Jones

Kevin Walker

StaffRon Smith · President

Steve Fox · Vice PresidentBethany Rogers · Controller

Ken DuBray · Branch ManagerTrey Wallace · Branch Manager

Chavela Banks

Sabrina ClarkeDebra Gayles

Cheryl GoolsbyVirginia Hollis

Debbie JohnsonSharhonda Kinnard

Melissa McBrideKatie Smith

Deborah SaulsAnna Sneed

Malinda Warchus

Downtown Branch1214 Church Street

Suite 100 | Main Floor of Nashville Electric Service

Donelson Branch3139 Lebanon Pike

Target Shopping Center

www.escu.com

(615) 687-4801

Member NCUA | Equal Housing Lender

REIN Helps Horses in NeedOn Saturday, November 20, representatives from ESCU were at The REIN Event,

a charity event co-sponsored by ESCU that benefits REIN (Reaching Equines In

Need). REIN works to raise funds to assist local horse owners who may need financial

assistance. Inspired by last year’s rescue of 84 horses from a Tennessee farm, REIN

operates a “hay” bank for horse owners in need. Many of the 84 rescued horses were

starved and in bad physical health, but thanks to many big-hearted horse lovers, the

horses were adopted and are thriving. For more information

about REIN and its mission, visit tnrein.com.

A Money Market account can get you there faster.

There are some really good reasons to use a Money Market account for saving. Money

Market accounts usually pay a higher rate than regular share savings accounts, earning

you some extra cash each month. And, Money Market rates are fairly competitive with

certificate rates, while still allowing you limited access to your cash without penal-

ties (ESCU members can withdraw up to three times each month from their Money

Market accounts without penalty). Most financial experts recommend using a Money

Market account when you’re saving for something specific, like a new car or college

tuition. With rates tiered to pay you more as your balance grows, and easy access to the

cash when needed, Money Market accounts can give you both flexibility and earnings

you need. At ESCU, there is no minimum balance or cost to open your Money Mar-

ket. Stop by to open your account at any ESCU location.

What are you saving for?

Charter ESCU Member Recalls Founding

When Jim Campbell joined Nashville

Electric Service in 1947 as a young field

engineer, it felt like coming home. He

had already seen a good bit of the world

by then, thanks to the U.S. Army. While

Jim was studying electrical engineering at

the University of Tennessee, the Japanese

attacked Pearl Harbor. Serving first as an

Army machine gun squad leader in the

infantry and later with the Signal Corps, Jim married his high school sweetheart, Anita,

finished his studies at UT, moved to Nashville and joined NES. Jim had been at NES

only a few years when he attended a meeting with ten other NES employees who were

interested in starting a credit union. Admittedly, Jim had never even heard of a credit

union, but he liked the idea of helping other NES employees and their families. He

signed on as a charter member of Electric Service Credit Union in 1951, and has been

a valuable member and volunteer ever since. Jim has served as a volunteer on the audit

committee, and continues to be a champion for the credit union. Jim says that the

credit union has always been there for him. Anita and Jim shared a wonderful married

life of 50 years, and raised and educated three very accomplished children of whom

Jim is tremendously proud. Jim retired from NES at the age of 62, and he and Anita

enjoyed some interesting travels before she passed away from breast cancer some fifteen

years ago. Electric Service Credit Union is proud to honor Jim for his vision

and service.

New account teaches kids to save

ESCU has launched a new savings program for children ages 12 and younger.

The children’s savings program is designed to teach young children the

benefits of saving and building good financial habits. Program

members will get fun prizes when they save and get fun mail

and birthday cards. Children who are already members of

ESCU will automatically be enrolled in the free club. Share

your credit union with your little ones...it’s coming soon. For

more information about the children’s savings program, visit us

at escu.com.

The Power to Do Good.

CEO Ron Smith shows off his surprise new foal, Bella, born in September. Bella’s mother, Ginger, was one of 84 horses rescued last winter.

Share Savings Accounts

Share Draft Checking Accounts

ATM and Debit Cards

Christmas Club

Share Certificates of Deposit

Money Market Accounts

IRAs

Auto Loans

Mortgage Loans

Home Equity Loans

Boat Loans

RV and ATV Loans

Signature Loans

Share-Secured Loans

Education Loans

Credit Cards

Online Banking

Mobile Money

Electronic Statements

Bill Pay Service

Check-ups for financial health

Avoid trouble down the road. Check your statement regularly, either on

paper or online. Regulations limit how long you have to resolve dis-

putes and errors on your statements, so monitoring your financial

activity and bringing errors into question early is important. Enroll

in Virtual Branch to check your accounts online, anytime.

Take some time to sit down with a representative of the

credit union and review the beneficiaries and joint

owners on your account. Life changes such

as marriage and divorce can change your plans for

who should have access to your accounts, or who should receive the money in your

accounts later. Don’t limit your check-up to your credit union accounts. Consider

insurance policies, retirement accounts and other financial instruments as well.

Annual meeting set for March 15

The Annual Meeting of Electric Service Credit Union will be held Tuesday, March 15,

2011 at the Millennium Maxwell House Hotel in the downstairs ballroom. Arrival time

will be from 5:00 pm to 6:00 pm. Dinner will be served at 6:00 pm. Invitations will

be mailed. The cost for the dinner is $5 if reservation is made in advance, or $10 at the

door without reservation; seating is limited.

Member Services

Important Debit Card Information

Members who have loans with ESCU

that are more than 20 days past due

will have a service interruption on

their debit cards. Once the loan

payment is received, debit card service

will be reinstated.

Earn 3.99% APY on Your Checking

Interest Rewards Checking pays 3.99% APY on checking when you:

· Have at least 2 direct deposits/ACH credits monthly.

· Complete at least 18 (signature based/non-PIN) debit card transactions monthly.

· Make at least 3 on-line bill pay transactions monthly.

· Use e-statements instead of paper statements with us in Virtual Branch.

When the criteria are met, Interest Rewards Checking earns 3.99% APY on the first

$5,000.00, then .25% APY on any amounts over $5,000.00. (A fee will be assessed to

your account should any of the criteria not be met during a month.) Talk to an ESCU

staff member for complete program rules and guidelines.

Ready to change your account to an Interest Rewards Checking? Visit with a member

services representative at any location to make the switch.