THE CREDIT LINE UNIVERSITY FEDERAL CREDIT UNION’S QUARTERLY PUBLICATION Winter 2015 This newsletter serves as official notification of all changes in rates and new programs offered by University Federal Credit Union. VISIT OUR HOME PAGE: www.universityfederalcu.org or contact us at (701) 777-2274 or (701) 775-3738 On the third day after the holidays my mail carrier brought to me... University Federal Credit Union’s Annual Meeting 3 credit card increased rate notices, 2 late loan payments, and a annual charge on my account fee! Sound familiar? Transfer your high rate credit card balances to University Federal Credit Union’s low rate VISA Credit Card. 8.9% APR* Earn SCORE CARD points which can be redeemed for Travel or Merchandise! Some restrictions may apply *Annual Percentage Rate Make sure to mark your calendar on Thursday, January 29th for UFCU’s Annual Meeting. This year the meeting will be held at the Ramada Inn in Grand Forks. The tickets will be available for sale at each of the Credit Union locations. The cost of each ticket is $5.00 per member. Tickets must be purchased in advance of the meeting by January 23rd, 2015.The dinner will begin at 5:30 pm with the business meeting to follow. The annual meeting is an opportunity for our members to voice their opinion and vote or run for open positions on the Board of Directors and the Credit Committee. Elections will be held for three open positions on the Board of Directors and one open position on Credit Committee. If you are interested in serving on a committee, please contact Leo Saucedo at 218-779-1918 or email him at [email protected] or call the Credit Union at 701-777-2274. Drawings will be held for door prizes. We hope to see you there! 2015 Financial Literacy Goals      Plan a Budget-Take a close look at your income and expenses. Tracking your money will give you direction on how much income is coming in and what is being spent on expenses. This is helpful to identify where you might have room to save. Save-Being a smart saver helps to create a rainy day or emergency fund. The recommended goal is six months of your income. Set a goal to save 10 percent of your wages for retirement. Take control of your 401K/Defined contribution plan–Most of us are unaware of how to take advantage of all our plans have to offer. Take time to visit with a financial planner at least annually to review your contributions and investment options. Manage your Debt-Student loans, credit cards, there are so many ways to get into debt. Financial literacy programs can help to identify debt problems and provide solutions to help you get out from under too much debt. Build Peace of Mind-Financial Literacy and planning helps to reduce stress caused by the unknown. It builds confidence knowing you have planned for your future. For more information please visit www.mycreditunion.gov-pocket cents Scholarship Opportunities The Credit Union Association of the Dakotas will award ten $500.00 scholarships for applicants that exemplify the credit union philosophy of “people helping people” through volunteering, community service and leadership. Five scholarships will be awarded to North Dakota high school graduates and five to South Dakota high school graduates. Eligibility Requirements: Applicant must be a United States citizen. Applicant must have been a credit union member for at least one year. Applicant must be a graduating high school senior. Applicant must be planning to attend a two or four year post-secondary accredited university or a technical/vocational school. Applications must be submitted by March 7, 2015 Applications are available at either of our credit union locations. HOLIDAY CLOSINGS BOARD OF DIRECTORS Mark Thompson,Chair Dave Senne Leo Saucedo Marsha Nelson Kelly Sanders Kathy Smart Morgan Stroh Martin Luther King Day—Monday, January 19, 2015 Presidents’ Day—Monday, February 16, 2015 LOCATIONS Campus Location UND Memorial Union 2901 University Ave. Stop 8222 Grand Forks, ND 58202 701-777-2274 Branch Location 1575 17th Ave. South Grand Forks, ND 58201 701-775-3738 Hours of Operation Monday-Friday 9AM-5PM Branch Drive Up 8:30AM-6PM CREDIT UNION STATISTICS AS OF DEC. 1, 2014 Assets: $28,680,906 Number of Members: 3,757 *Share Accounts* RATE $25—$2,499.99 0.05% $2,500—$9,999.99 0.08% $10,000 and over 0.10% *Dividend rates declared for fourth quarter 2014. SERVICES ATM at Branch Location Member of Co-op Networks & MoneyPass Share Savings Accounts Share Draft Checking Accounts Instant Cash & Check Card Visa Credit Card Direct Deposit Payroll Deduction Home Equity Loans Signature Loans New & Used Car Loans Motor Home & RV Loans Boat Loans Share Pledge Loans Overdraft Protection Loans Christmas Club Accounts Term Share Certificates Visa Travel Money Card Money Orders Credit Insurance Online Account Access Notary Service Voice Response Mechanical Repair Warranty NADA Vehicle Information Mortgage Referrals Visa Gift Cards Online Bill Pay E-Statements APY 0.05% 0.08% 0.10% *Term Share Certificates* RATE APY Six Month ($1,000 minimum) 0.20% 0.20% One Year ($1,000 minimum) 0.35% 0.35% Two Year ($1,000 minimum) 0.50% 0.50% *APY– Annual Percentage Yield *Effective January 1, 2015. Certificate rates change monthly. Your savings are federally insured to at least $250,000 and are backed by the full faith and credit of the United States Government. SUPERVISORY COMMITTEE Mary Ann Laxen, Chair Carmen Williams Patrice Giese Phillip Moore Ryan Jundt Terry Aubol CREDIT COMMITTEE Loretta Prather Donna Ellertson Tim Schroeder Marney Kresel, CEO NMLS# 807282 701-777-4422 Lacey Johnson, Director of Operations NMLS# 805944 701-777-3891 Nadine Rood, Loan Officer NMLS# 769604 701-775-7142 NMLS#799731 *****www.universityfederalcu.org************************************************************************