LIVING - Greater Nevada Credit Union

The Newsletter for Greater Nevada Credit Union Members
Inside This Issue:
Message from the President
Get the Most Rewards
Board of Directors Candidates
Get Greater Coverage
LIVING
REATER
DECEMBER 2015
Student
ROCK Checking:
Better Than Ever
If you’re a student age 14 to 24
you’re going to love the changes
to the ROCK Checking account
for students.
Ask about
our low rates and
fast approvals!*
Earn up to $140* in online
shopping rebates and get ATM
fee rebates when you receive
statements electronically and
make at least nine debit card
purchases per month.
Plus, you get free online and
mobile banking, free access to
30,000 ATMs nationwide, and
a Visa®debit card that works
with Apple Pay™ for the latest
in debit card security.
Open your account at gncu.org
or at any Greater Nevada branch
to start ROCKin’ your rewards!
*Up to $140 in iTunes®, Amazon.com®, or
Google Play™ purchase reimbursements
based on up to $10 in reimbursements each
qualifying month and a onetime $20 signup bonus reimbursement. Other rewards
received when monthly qualifications are
met include waiver of the $3 monthly
service fee. See gncu.org for details.
New Year, Lower Payments
It seems like the New Year always starts with extra bills. Family trips, holiday parties,
seasonal shopping…it can add up quickly. Plus, you never know when emergency
expenses, like appliance or car repairs, may sneak in, too. If your goal is to keep holiday
costs in check, then consider a Personal Loan or Line of Credit from Greater Nevada
Credit Union.
◆ Easy application process
◆ Competitive rates* to save you money
◆ Flexible terms to fit your budget
Use your loan to:
◆ Pay for larger expenses, such as a family trip
◆ Cover sudden needs, like a car repair
◆ Consolidate several higher rate loans and credit card balances into one
lower rate and more manageable payment
Remember, at Greater Nevada, our goal is to help you Live Greater. That includes finding
better ways for you to save and earn money, manage and protect your accounts, and
reach your financial goals. Talk to a Greater Nevada representative about a personal loan
for the New Year, or visit the Personal Loans page at gncu.org to apply today.
*APR is Annual Percentage rate. Rates may vary. All loans subject to credit approval by Greater Nevada Credit Union.
It’s Time To Live Greater
Federally insured by NCUA
From the
President
They say it’s the
season of giving,
though at Greater
Nevada I see the
generosity of our staff,
members and community members all year
long. For instance, last month I participated
in Special Olympics Nevada’s annual Bowl
for the Gold fundraising tournament, which
is followed by the Northern Nevada Bowling
Regional for the Special Olympics athletes.
During this weekend event that kicks off
on a Friday evening, many people and
businesses, as well as members of local
law enforcement, donate their time and
money, assist with various needs, and cheer
on the athletes.
Though people are there to make a
difference, there’s also a collective sense
of fun and inspiration. Everyone, including
the SONV staff, volunteers, supporters and
athletes, are genuinely enjoying themselves.
Even the Wolf Pack Marching band, for
which Greater Nevada raises funds each
year, was there to perform at the opening
ceremonies and show their support.
This is just one of many examples in which
Greater Nevada joins with others to give
back to our communities, whether it’s
collecting necessities for those in need,
teaching classes for greater financial
well being, or raising money to help keep
essential community programs running.
As the year comes to an end, I want to
personally thank everyone who gives back
and makes our world a better place. I also
invite anyone who wants to volunteer to
visit gncu.org and look at our Community
Relations page for upcoming opportunities.
We’d love to have you join us.
REATER
Communities
Snapshots from 2015
It was another action packed year of community support at Greater
Nevada, where employees donated over 1,500 hours to teach financial
education at local schools and to help local organizations provide food,
shelter and other necessities to those in need.
We also helped raise more than $15,000 for Special Olympics Nevada
(SONV) and the athletes who inspire us. In addition, Greater Nevada
volunteers assisted at various SONV events, including the Polar Plunge,
Summer Games and Bowl for the Gold.
Speaking of fundraising, many thanks to everyone who made donations
to the Wolf Pack Marching Band. Greater Nevada is matching those
donations dollar for dollar up to $20,000 total per year.
We welcome all of our Greater Nevada members to join us in upcoming
events that help our communities. Visit gncu.org and click on Community
Relations to see how you can get involved.
GNCU President/CEO Wally Murray introduces members of the
Wolf Pack Marching Band, who performed at the recent Special
Olympics Nevada Bowl for the Gold fundraising event.
Warmest regards and God bless,
Wally Murray
President/CEO
Greater Nevada team members helped out at the Truckee
Meadows Habitat for Humanity Build-a-thon earlier this year.
The Business Banking Tools You Need
Running a successful business includes having the right partners to help
make the most of your time and money. Greater Nevada Business Services
focuses on providing the banking tools you need to run smoothly and keep
growing. Our menu of services include:
Higher Security
& More Rewards
•M
erchant services – credit card processing
•R
emote deposit capture and 24-hour depository
•P
ayroll referral services with local processing
•S
mall business resource referral services
•A
nd more
Plus Products & Services for Your Employees
Greater Nevada Credit Union membership is a benefit that helps both your
business and your employees. Improve your team’s financial well being with
services such as:
•D
irect deposit to reduce payroll expenses
• Health Savings Accounts
• Retirement planning services
• Accounts and loans designed to help members earn more and pay less
To learn more, call (775) 882-2060 to speak with a member services
representative, stop by your local branch, or visit gncu.org and click on
Business Services.
The Gift of Ease
Just in time for the busy holiday season, Greater Nevada
Mortgage recently enhanced its online resource area
for borrowers at greaternevadamortgage.com,
with features such as:
•A
simple way to apply online to refinance your home
loan. Just click the Get Pre-Approved button on the home page.
•A
n easier online insurance verification, the ability to file a claim online to
help with faster recoveries, and answers to commonly asked questions.
•A
new electronic payment options brochure that includes information about
Direct Pay and Equity Add•Vantage programs.
How can you spend wisely and safely
while earning rewards? Greater
Nevada’s Visa® debit cards offer Visa’s
Zero Liability protection, plus the ability
to earn more. Following are a few ways
you can make using your debit card
safer, easier, and more rewarding:
• If you’re shopping online, make sure
the site is secure, and consider
using your debit card with third-party
payment processors like PayPal® or
Google Wallet™. Your Greater Nevada
debit card works with Apple Pay™, too.
• Set up account alerts in your Greater
Nevada eBranch online banking to
notify you of any account activity,
including deposits, withdrawals, and
transfers.
•A
n expanded Mortgage Assistance Programs page with simple step-by-step
instructions, and answers to frequently asked questions.
• You can also check your accounts
regularly in your Greater Nevada
online or mobile banking app to see
balances and transactions.
Best wishes for the coming year from all of us at Greater Nevada Mortgage.
Remember, we’re here to help you online and in person for all of your home
loan needs.
• Notify Greater Nevada immediately
if your debit card is lost or stolen by
calling (800) 754-4128, 24 hours a day.
NMLS ID: 279738
isit gncu.org and select Accounts and
V
then Checking to learn how you can
earn even more through an Aspire or
ROCK checking account—just by using
your Greater Nevada debit card.
Announcing Your 2016 Board of Directors Candidates
Greater Nevada Credit Union’s Board of Directors is comprised of seven members who volunteer their time and experience to
oversee the management of your credit union. Directors are elected to serve three-year terms, which expire on a rotating basis.
This year, three Director positions are available and Greater Nevada is pleased to announce the four candidates who are seeking
to fill those seats:
Bill Arensdorf (incumbent)
Barbara Byington (incumbent)
Member: 43 years
Residence: Carson City
Occupation: Retired Director, Office of Fiscal
Accountability, State of Nevada Education Dept.
Education: B.S. Degree and Masters of Education,
Loras College; Masters of Administration, Clarke University
Member: 30 years
Residence: Minden
Occupation: Retired Douglas County Assessor,
Owner/Operator Family Cattle Ranch
Education: B.S. Degree, Mathematics,
University of Nevada, Reno
Statement: I am seeking re-election as a Director to continue the
best practices the Board has instituted and which have resulted in
exceptional financial progress for GNCU. Currently, with over $500
million in assets and membership over 49,000, we have expanded
business-related services, mobile banking, eBranch on-line banking,
free access to 5,000 branches nationally thru the CO-OP network and
recently opened new branches in Elko and Reno’s Golden Valley. I
will use my Board experience to maintain our economies of scale in
operations, keep member’s deposits insured, and offer competitive
rates on loans while providing quality service to our members.
Statement: Hello members of Greater Nevada Credit Union, I am
Barbara Byington. I have been your representative on the Board
for nine years and am especially proud of the many good things
that have been happening with Greater Nevada the past two years.
The Board has many new ideas for the future, and I would like to
be your representative to see those ideas come to fruition. If you
have any thoughts about new things you would like to see at your
credit union, please call and give me your ideas. You can call me
at home at 775-782-2368.
Paul Richey (incumbent)
Cathy Hill
Member: 36 years
Residence: Carson City
Occupation: Retired Controller Emeritus, Western
Nevada College
Education: B.S. Degree and Masters of Science,
San Diego State University
Member: 6 years
Residence: Sparks
Occupation: Finance Director, National
Judicial College
Education: B.S. Degree and Masters of Business,
University of Nevada, Reno
Statement: As the current Chairman of the GNCU Board of
Directors, I am very aware of members’ expectations for service
and value. I am committed to maintaining the current high
standards that all members deserve. Over the years, I have seen
tremendous changes in financial services and products. I have
also seen drastic changes in the regulations and economic factors
that affect financial institutions. As we move forward, the Board
will have to sort out the directions that will be most advantageous
for current and future members. My experience will contribute to
the continued success of our credit union.
Statement: My interest in becoming a member of the Board of
Directors for Greater Nevada Credit Union is matched with my
experience and education. My education, professional experience
and committee involvement have afforded me the opportunity
to work in profit, non-profit and governmental organizations
offering me a diverse view of business activities and public need.
Additionally, I am available to devote the time needed to meet the
needs of Greater Nevada Credit Union. I do not have any issues,
past or present, in my ability to be bonded.
The deadline for submitting an application for candidacy has now passed. However, GNCU members who want to be added as
candidates may use the petition process to be considered for the ballot. In accordance with the credit unions’s bylaws, that
process requires submitting the following information to the Board Secretary for consideration no later than January 22, 2016:
• A valid petition containing the signatures of at least 500 GNCU members who are eligible to vote in the upcoming Board election*
• A statement of qualifications, biographical data, and other required information
Please call (775) 886-1304 for additional information and details regarding the petition process. Ballots will be mailed in early
February 2016. On March 16, 2016 at 7:00 p.m., Greater Nevada will hold its Annual Meeting at the Eagle Station branch in
Carson City, where the results of the Board of Directors election will be announced. All members are welcome to attend.
*To protect the privacy of its members, Greater Nevada Credit Union asserts its independent right to treat its membership list as confidential. Such list contains proprietary
information that may not be disclosed to anyone, including other members.
A Message from
Greater Nevada Financial Services
The Two Biggest
Retirement Misconceptions
While the idea of retirement has changed, certain financial
assumptions haven’t. There are two common financial
misconceptions about retirement that could prove financially
harmful to your future.
1
2
Assuming retirement will last 10–15 years
Today, both men and women who reach age 65
can anticipate around 20 additional years of life.
Also, if you have good health insurance and access
to excellent health care, you may be poised to live
even longer. Here’s the bottom line: every year, the
possibility is increasing that your retirement could last
20–30 years. So assuming you’ll only need 10–15
years of money for retirement could be a mistake.
Assuming too little risk
Our appetite for risk declines as we get older, and
rightfully so. Yet there may be a danger in becoming
too risk-averse. There are three issues that can affect
your quality of life and/or income over time: taxes,
healthcare costs and inflation. Could you manage to
live the rest of the year on the income you earned in
1999? That’s what can happen if your income doesn’t
keep up with inflation—essentially you end up living
on yesterday’s money. Given how long retirement may
last, growth investing is extremely important.
How are you envisioning retirement right now? Regardless of
where you are, it is vital to avoid the common misconceptions
and proceed with clarity. Contact a Greater Nevada Financial
Advisor to help you plan today by calling (775) 882-2060.
At Your Service
Apply For A Loan
itstimetolivegreater.com or (855) LIV-GR8R
eBranch Online Banking – gncu.org
Mobile Banking App – Free download at the Apple®
App Store or Google Play™ Store
Phone Activated Teller (775) 885-0924,
or outside of local calling area: (800) 421-6674,
press *, press 1
Member Resource Center
(775) 882-2060 or (800) 421-6674
Greater Nevada is part of the CO-OP ATMSM
and CO-OP Shared BranchSM networks.
These networks provide free ATM and
shared branch access nationwide for all
members. For a complete listing of ATM
and shared branch locations, as well as
Greater Nevada branches, visit gncu.org.
For the latest information about GNCU’s special offers,
new products and services, and more, we invite you to
sign up for our eNews at gncu.org/opt-in.html.
Branches will be closed on:
Friday, December 25 – Christmas Day
Friday, January 1 – New Year’s Day
Monday, January 18 – Martin Luther King, Jr. Day
Monday, February 15 – Presidents’ Day
Audit Committee
Executive Team
Daniel Thomas, Chair
Scott Kelley, Member
Dan Reaser, Member
Steve Watson, Member
Wally Murray, President/CEO
Dean Altus, EVP/COO
Joyce Whitney-Silva, EVP/CFO
James Anderson, EVP
Mortgage Lending
Board of Directors
Representatives are registered, securities sold, advisory services offered
through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a
registered broker/dealer and investment advisor. CBSI is under contract with
the financial institution to make securities available to members. Not NCUA/
NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee.
Not a deposit of any financial institution. CUNA Brokerage Services, Inc., is a
registered broker/dealer in all 50 states of the United States of America.
FR-944368.1-0614-0716
Paul Richey, Chair
Rob Joiner, Vice Chair
Alex Talmant, Treasurer
Bill Arensdorf, Secretary
Barbara Byington, Director
Vernon Dalton, Director
Jon Steele, Director
Financial Statistics As of October 2015
Members
Total Assets Total Deposits Total Loans 49,86146,976
$569,875,857 $518,169,837
$503,866,855 $464,482,709
$374,428,635
$314,306,467
As of October 2014
Presorted STD
U.S. Postage
PAID
PSB
P.O. Box 2128
Carson City, NV 89702
Inside:
Introducing Your
Board of Directors
Candidates
Greater Nevada Insurance
Home & Contents Insurance Hints & Tips
Choosing the right home and contents insurance involves more than simply valuing your assets and choosing the cheapest
premium. Insurers design different products to suit a broad customer base so it’s important to make sure your policy covers what’s
important to you. Here are some things to consider:
• Know your limits. If you have specific assets worth more than the standard limits, consider insuring them separately.
•G
oing out of town? Leaving your place vacated for an extended period of time may void your insurance policy. Check the
maximum term that applies with your insurer, as you may require extra coverage.
•T
ermite damage. Damage from pests such as termites is usually not covered in your policy, as insurance companies see pest
control as the homeowner’s responsibility in the normal up-keep.
• Work from home? If you have a designated space for working from home, you’ll need to have a separate business insurance
policy to cover any damages that may occur to your home office.
• Got pets? Not all policies cover property damage done by pets, so it’s important to find out if your insurer will replace that
chewed up couch. Some insurers also offer pet insurance to their home and contents policyholders, which may come in handy if
your older dog needs a knee replacement.
For more ways to protect your home and save money, contact Greater Nevada Insurance for
your free no obligation quote at (775) 886-1444 today.
Insurance products which are available are not deposits of Greater Nevada Credit Union and are not protected by any
type of deposit insurance, are not obligations of or guaranteed by Greater Nevada Credit Union, and may be subject
to risk. Any insurance required as a condition of the extension of credit by Greater Nevada Credit Union need not be
purchased from our Agency but may, without affecting the approval of the application for an extension of credit, be
purchased from an agent or insurance company of the member’s choice.
Get Greater Coverage