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CREDIT UNION NEWS With Check Imaging, Online Banking is a Breeze Forgot to record a check? You’ll never have to wonder about the details again. We make online banking a breeze with a check-imaging feature. It allows you to see the front and back sides of your check and details of when it was cashed. Join those already enjoying the easy, breezy life of online checking.Pay Your Bills Online--It’s Easier and Safer Why write checks and pay postage to mail your bills when, with the click of a button, you safely can pay online? Online bill payment saves you the bother of hand writing checks and envelopes each month. You’ll save on postage too, and online transactions via secure Web sites are much safer than mailing checks. Paper checks can be stolen--or your account information compromised--during the several points they’re handled in the mail or during processing. With today’s identity theft issues, that’s a real concern.Online bill pay is really easy to set up. You just enter your service providers’ information on the credit union Web site, and then schedule bills to be paid automatically on certain days each month. Or you can go to the site and pay each bill whenever you wish. Either way, the amount transfers electronically from your checking account to the service providers. If the providers don’t accept electronic payments, BillPay prints and sends paper checks on your behalf.
You should check your account balances and payment daily or at least several times a week, and make sure you use a computer with robust security.. With those precautions, online bill payment is perfectly safe; plus, it’s easier than you think. Boost Savings, Pare Debt With Tax Refund If you’re lucky enough to be getting a tax refund this year, use it wisely to help your finances. Boost savings Contribute to your IRA (individual retirement account) now; don’t wait until the tax-filing deadline. For 2005, you can contribute up to $4,000 to a traditional or Roth IRA. If you’re age 50 or older you get a catch-up deal--you can contribute an extra $500 this year. Consider this: A contribution of just $1,000 would more than quadruple, being worth $4,292, in 25 years.*
Pare Debt Make a credit card payment--more than the usual payment. If you have a $2,000 credit card debt and use your $1,000 tax refund for a monthly payment, you’ll save $1,000 in interest (you’d pay $393 vs. $1,393) and pay the debt off in less than half the time it would take to do so--about six years vs. 11½. **
* Assumes 6% annual rate of return. ** Assumes 12% interest rate and that minimum monthly payments continue thereafter. VISA Balance transfer 6.99% Pay off those high interest credit card balances with the credit union’s balance transfer program. The rate stays at 6.99% until the balance is paid off. If you don’t already have a credit union VISA account, apply today. Transferring the balances are easy, give us a call . Together Members Can Do Anything Toothpicks are weak. By itself, one skinny little toothpick breaks with the slightest force. But a handful of toothpicks bonded together is virtually unbreakable. Similarly, your credit union is strong. That’s because we’re made up of the thousands of members who own the credit union and share a common bond. With your initial deposit in your share savings account, you became a member and an owner of the credit union. As a member/owner, your views are important to us. So please accept our invitation to come together and celebrate our strength by attending our annual meeting. For nearly a century, the credit union annual meeting has been an essential part of the credit union movement’s democratic structure. Indeed, you’d have to be a stockholder or large commercial customer to attend such a meeting at a bank or other type of financial institution. The annual meeting is democracy in action. It’s an occasion for management and elected officials to report to you, our owners. And, it’s an opportunity for you to raise concerns and ask questions. Here, you’ll learn more about the credit union’s financial position, products and services, current business issues, and future goals. You’ll be able to meet face-to-face the people--professionals and volunteers--who run your credit union. How is the credit union different from other financial institutions? Is the credit union launching new products or services? Is the organization facing special challenges? Find out at the annual meeting. There’s no better time to evaluate the financial condition of your credit union. When members actively participate and share ideas, the entire credit union benefits. Without member input, credit union leaders could only guess what owners like you want from their financial institution. Your credit union needs you. The board of directors at your credit union is made up of qualified, volunteer credit union members. Each year we need new volunteers to serve on our board. As a member of our board, you can help shape the future of your credit union while using your skills to contribute to its mission. And when you attend the annual meeting, chances are you’ll leave with a better understanding of its purpose and goals, and be better prepared to face today’s many financial challenges. Notice of Annual Meeting Date: February 20, 2008 When: 5:15 p.m. Where: Credit Union - 2112 McHenry Avenue Benefits of Home Ownership • Stability—It’s rewarding to have a place to settle down in and call your own. * Tax deduction—You usually can deduct mortgage interest on your tax return. * Appreciation—Over time, the value of a home generally increases. * Increase in net worth—Mortgage payments help you build equity. * Borrowing power—Equity built up over time may help you qualify for future loans. Bring Us Your No-Account Relative Everybody has one … and we’d like yours to become a credit union member. If you have family members without credit union accounts, let them know they’re eligible to join. They’ll receive all the member benefits you already enjoy.
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"This credit union is federally insured by the National Credit Union Administration." "Your savings federally insured to at least $100,000 and backed by the full faith and credit of the United States Government" |
