the credit line - University Federal Credit Union

THE CREDIT LINE
UNIVERSITY FEDERAL CREDIT UNION’S QUARTERLY PUBLICATION
Fall 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 October 15, 2015, credit union members around the world will
celebrate International Credit Union Day, an annual event to
commemorate the credit union movement’s impact and
achievements.
Credit unions are not-for-profit financial cooperatives that
provide an effective and viable alternative to for-profit financial
institutions for over 217 million members in 105 countries.
Worldwide, 57,000 credit unions exist to serve their members,
providing a safe place to save money and access affordable loans
Each year, International Credit Union Day affords the opportunity
to remember credit unions’ proud history and promote awareness of
and support for the credit union difference. This year’s theme,
“People Helping People,” embraces the longstanding credit union
philosophy.
In honor of International Credit Union Day
UFCU will be serving refreshments.
Stop by on
October 15th, 2015 and
join the celebration.
Brighten your day with a
Low-rate HOLIDAY LOAN!
Rates as low as
6.00%* APR**
University Federal Credit Union CEO Retiring
Marney Kresel, CEO of University Federal Credit Union has
announced her intentions to retire on January 8, 2016 after 25
years of service at the Credit Union.
Marney came to UFCU in 1991 from the Telco Federal Credit
Union where she was a manager. She was hired as a member
service representative/teller prior to being promoted to loan
officer. In the early years of her tenure with UFCU, Marney
quickly moved from loan officer to assistant manager and then
manager, after the retirement of the previous manager. Then
Marney’s position was re-classified to chief executive officer by
the Board of Directors.
As CEO, Marney saw the Credit Union grow in assets from 8.5
million to over 29 million. She has overseen the development,
construction, and management of a branch location. She has also
managed a number of relocations within the University as space
was re-allocated. Marney has been responsible for the many
services that have been and continue to be added. Her
commitment to UFCU has allowed her to excel at her job.
Marney’s strong leadership was the backbone for the Credit
Union’s success for the past 15 years. Her expertise, knowledge,
and dedication to UFCU will be missed. We would like to wish
Marney the best of luck in her retirement.
Our 8.90% *APR Visa Credit Card
will help you unwrap the
spending power you
deserve.
A great Holiday Rate
From your Credit Union….
It’s more than just a gift!
*Annual Percentage Rate
Loan amounts $500-$3000
Complete a loan application today at
www.universityfederalcu.org.
Send your application, your most recent
paystub, and a $5.00 loan application fee
(per applicant) to either of our offices.
*Rates based upon applicants credit worthiness
** Annual Percentage Rate
Add a little JOY to your Holiday!
HOLIDAY SKIP PAYMENT IS HERE
Take a break from your loan payment. One month skip payment available on
qualifying loans for a fee of $25.00 per loan.*
Skip payment applications are available at www.universityfederalcu.org.
*Some restrictions may apply.
Coming soon! EMV Chips on UFCU’s Visa Credit Cards
The nationwide shift to EMV is on the horizon. EMVwhich stands for Europay, MasterCard, Visa-is a global
standard for cards equipped with computer chips and the
technology used to authenticate chip-card transactions.
When you use your new card at the register you will do
what is called “card dipping”, which means inserting your
card into a terminal slot and waiting for it to process.
A bit of patience will be involved, as it
will take a little longer to process.
Members can expect to receive the new
“EMV chip” VISA credit card as their
current card reaches the expiration date.
The new EMV VISA card also has a new
look as we had to change the card stock
from green to silver.
More information on how to use the
EMV credit card at a merchant’s
terminal will be available on our website
after November 1, 2015.
Your new Visa credit card gives big
protection in a tiny chip.
HOLIDAY CLOSINGS
Veteran’s Day-Wednesday, November 11
Thanksgiving Day-Thursday, November 26
Friday, November 27 (Memorial Union Closed
Branch Location open normal business hours)
Christmas Eve Day-Thursday, December 24
(Memorial Union closed, Branch closed at 2:00PM)
Christmas Day- F riday, December 25
New Year’s Day– F riday, J anuary 1
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 SEPT. 1, 2015
Assets: $29,020,025
Number of Members 3,705
Share Accounts
RATE
APY*
$25—$2,499.99
0.10%
0.10%
$2,500—$9,999.99
0.15%
0.15%
$10,000 and over
0.20%
0.20%
*APY– Annual Percentage Yield
Dividend rates declared for third quarter 2015.
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)
0.60%
0.60%
Effective October 1, 2015. Certificate rates change monthly.
*APY– Annual Percentage Yield
Your savings are federally insured to at least $250,000
and are backed by the full faith and credit of the
United States Government.
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
BOARD OF DIRECTORS
Leo Saucedo, Chair
Dave Senne
Marsha Nelson
Kelly Sander
Kathy Smart
Morgan Stroh
Mary Ann Laxen
SUPERVISORY COMMITTEE
Ryan Jundt, Chair
Carmen Williams
Patrice Giese
Phillip Moore
Terry Aubol
CREDIT COMMITTEE
Donna Ellertson,Chair
Loretta Prather
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************************************************************************