2nd Quarter - Matanuska Valley Federal Credit Union

2nd Quarter
| Annual Meeting
& Election Info
Page 2 |
| Board of Director
Candidates
Page 3 |
| New Funds
Availability Policy
Page 4 |
upcoming events
Thursday, May 6 - Annual
Meeting at Evangelo’s
MVFCU Closed dates:
Monday, May 31 Memorial Day
Monday, July 5 Independence Day
Super Spring Savings!
Matanuska Valley Federal Credit
Union and Alaska Sales & Service
in the Valley have joined together
to bring you Super Spring Savings!
During the month of April 2010,
when you purchase a new or used
vehicle from Alaska Sales & Service
in the Valley and finance it with
MVFCU, you’ll save $250 off of the
price! You’ll also get a super low loan
rate because you’re financing with
your credit union! This great discount
is in addition to manufacturer’s
rebates and discounts, plus the
Invest in America Program which
applies to qualifying new vehicles.
The Invest in America program
rewards you for re-investing your
hard earned dollars into America,
by giving you additional rebates
when you purchase a GM vehicle.
Visit the Invest in America website
lovemycreditunion.org to sign up
and receive your discount code. You
can even build your new GM vehicle
right from the website and see what
additional manufacturer’s rebates
your vehicle is eligible for. Clip the
coupon below or visit our website
mvfcu.coop to print one out, take it
with you to Alaska Sales & Service
in the Valley and enjoy that new
vehicle this spring!
2010 Election Procedure
This year, eVoting will be the default method for all eligible MVFCU members, with
paper ballots being available upon request. eVoting is more convenient, accurate
and Earth friendly than paper, and will save the membership thousands of dollars in
printing and mailing expenses.
There are two (2) positions open for the MVFCU Board of Directors. Election results will
be announced at the 2010 Annual Membership Meeting. There will be no nominations
from the floor at the membership meeting. To vote: visit www.mvfcu.coop between
April 1, 2010 and midnight May 1, 2010. Logon to MVFCUonline, using your online
account information, and click the eVote button above your account holder name.
Then follow the easy directions to cast your ballot. The whole process takes just a few
minutes!
If you do not have internet access, you may obtain a paper ballot by visiting any MVFCU
Community Office or by calling 745-4891 or 694-4891 and requesting a paper ballot be
mailed to you. Requests for mail ballots will not be accepted after April 16th, 2010. All
ballots must be received by midnight May 1st, 2010.
2010
MVFCU Annual
Membership
Meeting
will be held on Thursday, May 6,
2010 at Evangelo’s restaurant in
Wasilla. The business meeting
will start promptly at 7:00 p.m.
and there will be door prizes, light
refreshments and a parting gift
for each member in attendance.
See you there!
page 2
Board of Directors
Candidates
Chuck Logsdon
(incumbent)
Palmer Resident
MVFCU member since 1984
Education: Palmer High School graduate. B.A., M.A., Ph.D. in Economics, Washington State
University.
Work/Volunteer Experience: Retired from the State of Alaska as Chief Petroleum Economist in 2004.
Currently working as an energy consultant. Served on the MVFCU Board of Directors, Palmer Historical
Society Board, Palmer Community Foundation Board.
Reasons for wanting to serve MVFCU: MVFCU, like the Valley, has grown rapidly over the last 15 years.
I would like to continue to assist in assuring MVFCU continues to provide competitive financial services
to our owners/members in a safe and responsible manner.
Charles A. Foster
Wasilla Resident
MVFCU member since 1992
Education: East Anchorage High School graduate.
Work/Volunteer Experience: Worked for the Matanuska-Susitna Borough in the Assessment
Department for approximately 30 years; retired in 2001. Wasilla Ambulance service volunteer (19731980). Fire department volunteer (1973-1982). Served on the Fire Service Area Board of Supervisors
(1978-1980). Served on the Matanuska Electric Association’s nomination committee several times.
Elected to the Board of Directors for Matanuska Telephone Association, served 1976-1992, re-elected in
2009 for a 3-year term. Recently appointed as the Board of Directors’ Trustee Representative to MTA’s
DB pension fund. Member of the local Elks Lodge. Worked at the Alaska State Fair Rat Race, which
donates to charities such as Wounded Warriors, Boy and Girl Scouts, and the Boys and Girls Club.
Reasons for wanting to serve MVFCU: Now that I have the time, I would like to give something back
to the community that has been so good to me.
Krystyna M. Colberg
(incumbent)
Palmer Resident
MVFCU member since 1986
Education: Degree in Business Administration and Marketing, UAA. Completed two-year business
school in Sopot, Poland. Completed several CUNA volunteer achievement program courses.
Work/Volunteer Experience: Worked in various retail businesses in the valley while raising two children.
Optometric assistant for Dr. Kevin Berg for 5 years. MVFCU Board Member for 9 years, most recently
as Treasurer/Secretary. Former deacon of the United Protestant Church in Palmer. Volunteered as
MYAC basketball and soccer coach, and as a parent volunteer in area schools for many years.
Reasons for wanting to serve MVFCU: In the last two years the financial industry has faced many
challenges, yet our credit union has remained successful – even thrived – serving our members. If reelected to the board, I would like to ensure that we continue to promote the economic well-being of our
members through access to safe, reasonably priced and convenient financial services, and that MVFCU
remains the “Best Financial Institution in the Valley,” helping its members and this community.
page 3
New Funds Availability Policy
Our Funds Availability Policy has changed as of February 27th. If you have any questions regarding the changes
to the Funds Availability Policy, feel free to contact us at 745-4891 or 694-4891.
FUNDS AVAILABILITY POLICY FOR MATANUSKA VALLEY FEDERAL CREDIT UNION
YOUR ABILITY TO WITHDRAW FUNDS
Our policy is to make funds from your cash and check deposits available to you on the next business day after the day
we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. Once they are
available, you can withdraw the funds in cash and we will use the funds to pay checks that you have written.
For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and federal
holidays. If you make a deposit before the close of business on a business day that we are open, we will consider that day
to be the day of your deposit. However, if you make a deposit after the close of business or on a day we are not open, we
will consider that the dee2nposit was made on the next business day we are open.
LONGER DELAYS MAY APPLY
In some cases, we will not make all of the funds that you deposit by check available to you on the first business day after
the day of your deposit. Depending on the type of check that you deposit, funds may not be available until the seventh
business day after the day of your deposit. However the first $100.00 of your deposits will be available on the first
business day.
If we are not going to make all of the funds from your deposit available on the next business day, we will notify you at the
time you make your deposit. We will also tell you when the funds will be available. If your deposit is not made directly
to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice
by the day after we receive your deposit. If you will need the funds from a deposit right away, you should ask us when the
funds will be available. In addition, funds you deposit by check may be delayed for a longer period under the following
circumstances:
• We believe a check you deposit will not be paid.
• You deposit checks totaling more than $5,000.00 on any one day.
• You redeposit a check that has been returned unpaid.
• You have overdrawn our account repeatedly in the last six months.
• There is an emergency, such as failure of computer or communications equipment.
We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you
when the funds will be available. They will generally be available no later than the seventh business day after
the day of your deposit.
SPECIAL RULE FOR NEW ACCOUNTS
If you are a new member, the following special rules will apply during the first 30 days that your account is open.
Funds from electronic direct deposits to your account will be available on the day we receive the deposit. Funds from
deposits of cash, wire transfers, and the fi rst $5,000.00 of a day’s total deposits of cashier’s certified, teller’s, traveler’s,
and federal, state and local government checks will be available on the first business day after the day of your deposit if
the deposit meets certain conditions; for example, the checks must be payable to you. The excess over $5,000.00 will
be available on the ninth business day after the day of your deposit. If your deposit of these checks (other than a U.S.
Treasury check) is not made in person to one of our employees, the first $5,000.00 will not be available until the second
business day after the day of your deposit.
Funds from all other check deposits will be available on the ninth business day after the day of your deposit.