Thanks to all the members/owners who attended thecredit union's 49th annual meeting. Board Chairman Charles Ray highlighted a very successful 2006. During the year, the credit union welcomed 3 new employee groups into its field of membership: Mighty Kleen, St.Barnabas Episcopal Church, and Tillman Insurance Agency, Inc.

     Mr. Ray commented that the credit union welcomed 442 new members during 2006, bringing the total membership to 2852. The credit union experienced positive growth during 2006 with assets increasing 9%, Shares increasing 9%, and Loans increasing 12%.

Mother’s Day Basket Raffle Benefiting Relay For Life

     We are continuing to support the fight against cancer by having one more raffle for the 2007 Relay for Life event. Stop by your credit union or call to purchase $1.00 raffle tickets. The more tickets you purchase, the greater your chances of winning a large basket full of gifts for MOM. The Mother’s Day basket will be raffled off on Thursday, May 3rd. You do not have to be present to win. Please join us in supporting the fight against cancer.

Shanna Stanley - Decorative Fire Pit, and Raymonda Bass - Gas Grill.

The privacy principles were developed to maintain the confidentiality and secuirty 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 from 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 or required 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 regulations 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.