Thanks to all the members/owners who attended the credit union’s 47th annual meeting. President Ray high-lighted a very successful 2004. During the year, the credit union welcomed 3 new employee groups into it’s field of membership: Astro Exterminating Services, Inc., Five Points Toyota, Inc., and Southern Home Care Services.

Mr. Ray commented that the credit union welcomed 325 new members during 2004, bringing the total member- ship to 2396. The credit union experienced positive growth during 2004 with assets increasing 11%, Shares increasing 10.25%, and Loans increasing 11%.

Major projects accomplished by the credit union during the year were:

• Ground breaking for new office facility with completion set for early 2005
• Issue of VISA Debit Cards converting over 500 ATM cards to debit cards
• Introduction of a new Website designed to be more informative and user friendlier than it’s predecessor

Congratulations to the following credit union members that were elected to a three-year term on the Board of Directors: Mrs. Jeanette Clanton, Mr. Russell Tittle, and Mr. Rhonnel White. As a member-owned financial institution, all of our volunteers are vital to the continued success of Georgia Power Valdosta Federal Credit Union. It is this spirit of volunteerism that has made credit unions the unique financial institutions they have become today.

Congratulations to the lucky members who won cash door prizes totaling $800. The Grand Prize winners were Charlie Harris-DVD/Video Player, and Rachel Flythe-Portable Gas Grill.

The privacy principles were developed to maintain the confidentiality and security of your personal financial information.

INFORMATION WE COLLECT ABOUT YOU.
We collect nonpublic personal information about you from the following sources:

• Information we receive from you on applications and other forms;
• Information about your transactions with us or others;
• Information we receive from a consumer reporting agency;
• Information obtained when verifying the information you provide on an application or other forms. This may be obtained from your current or past employers, or other institutions where you conduct
  financial transactions.

We may disclose all of the information we collect, as described above, as permitted by law.

PARTIES WHO RECEIVE INFORMATION FROM US.
We may disclose nonpublic personal information about you to the following types of third parties:

Financial service providers, such as insurance companies, mortgage service companies, and securities broker-dealers.
Non-financial companies, such as consumer reporting agencies, data
processors, check/share draft printers, financial statement publishers, retailers, plastic card processors, direct marketers, non-profit organizations, and government agencies.

DISCLOSURE OF INFORMATION TO PARTIES THAT PROVIDE SERVICES TO US.
In order to conduct the business of the credit union, we may also disclose
nonpublic personal information about you under other circumstances as permitted or required by law. These disclosures typically include information to process transactions on your behalf, conduct the operations of our credit union, follow your instructions as you authorize, or protect
the security of our financial records.

If you terminate your membership with Georgia Power Valdosta Federal Credit Union, we will not share information we have collected about you, except as permitted by law.

HOW YOUR INFORMATION IS PROTECTED.
We restrict access to nonpublic personal information about you to those employees who have a specific business purpose in utilizing your data. Our employees are trained in the importance of maintaining confidentiality and member privacy. We maintain physical, electronic, and procedural safeguards that comply with federal regulation and leading industry
practices to safeguard your nonpublic personal information.

To protect our members’ privacy, we only work with companies that agree to maintain strong confidentiality protections and limit the use of information we provide. We do not permit these companies to sell the information we provide to other third parties.