2nd Quarter - TruNorth Federal Credit Union

MEMBERS’ QUARTERLY
SECOND QUARTER • 2015
1419 North Second Street
Ishpeming, MI 49849
(906) 485-5563
www.trunorthcu.org
your trusted financial partner
TruNorth Federal Credit Union is WILD ABOUT SAVINGS!™
Join us in celebration all month long!
Help us reach our National Youth Savings Challenge goal of $5,000!
Stop by any of our locations during the month of April to make a deposit into a youth account & be entered to win awesome giveaways!* There will be one lucky winner each day—the more
you save, the more chances you get.
You’ll even get your photo posted in our lobby on the savings tree with Simon the
savings snake and Mona the money monkey. (Parents can take this opportunity to save a little themselves too…after all, monkey see, monkey do!)
Enter to Win with our SOCIAL SAVINGS SAFARI
1. Visit our main office during the month of April.
2. Take a photo in our savings safari scene (set up in lobby).
3. Post the photo on facebook or twitter and tag your
credit union (facebook: TruNorth Federal Credit Union;
twitter: @TruNorthCU)
4. You’ll automatically be entered to win one of two giant stuffed
animals or two $50 VISA gift cards!
Join us on Thursday, April 23rd for a special day of
celebration with Kirby! Stay tuned for more info on TruNorth’s
Youth Month. Follow us on facebook or twitter for more information.
*No deposit necessary. Please visit our website at trunorthcu.org to enter.
Rev. April 2013
CREDIT UNION HOURS
FACTS
WHAT DOES TRUNORTH FEDERAL CREDIT UNION DO WITH YOUR
PERSONAL INFORMATION?
Why?
Financial companies choose how they share your personal information. Federal law gives consumers
the right to limit some but not all sharing. Federal law also requires us to tell you how we collect,
share, and protect your personal information. Please read this notice carefully to understand what we
do.
What?
The types of personal information we collect and share depend on the product or service you have
with us. This information can include:
 Credit history
 Social Security number
 Account balances
 Checking account information
 Payment history
 Wire transfer instructions
When you are no longer a member, we continue to share your information as described in this notice.
How?
All financial companies need to share members' personal information to run their everyday business.
In the section below, we list the reasons financial companies can share their members' personal
information; the reasons TruNorth Federal Credit Union chooses to share; and whether you can limit
this sharing.
Main Office
Drive Up: Monday - Friday
7:00 a.m. - 7:00 p.m.
Lobby: Monday - Friday
8:30 a.m. - 6:00 p.m.
Drive Up/Lobby: Saturday
9:00 a.m. - 4:00 p.m.
Reasons we can share your personal information
Branch Offices
Inside Republic Township Hall
Monday & Wednesday • 9:00 a.m. - 5:00 p.m.
Friday • 10:00 a.m.- 4:00 p.m.
Tuesday & Thursday - Closed
Inside WalMart, U.S. 41 Marquette
Monday-Friday • 8:30 a.m. - 7:00 p.m.
Saturday • 9:00 a.m. - 4:00 p.m.
Sunday • 10:00 a.m. - 2:00 p.m.
Does TruNorth Federal
Credit Union share?
Can you limit this sharing?
For our everyday business purposes such as to process your transactions, maintain your
account(s), respond to court orders and legal
investigations, or report to credit bureaus
Yes
No
For our marketing purposes to offer our products and services to you
No
We don't share
For joint marketing with other financial companies
Yes
No
For our affiliates' everyday business purposes information about your transactions and experiences
No
We don't share
For our affiliates' everyday business purposes information about your creditworthiness
No
We don't share
For nonaffiliates to market to you
No
We don't share
Questions?
Page
2
deposit rates
Rate APY
Regular Savings
0.15%
0.15%
Checking
0.00%
0.00%
Money Market
0.20%
0.20%
Share Drafts
0.00%
0.00%
Christmas Club
0.15%
0.15%
Vacation Club
0.15%
0.15%
I.R.A.
0.95%
0.95%
Kirby/Claim Your Youth 5.00%
5.09%
$500.01 and over
0.15%
0.15%
Save to Win
0.15%
0.15%
Call 906-485-5563 or go to www.trunorthcu.org
What We Do
How does TruNorth Federal
Credit Union protect my
personal information?
How does TruNorth Federal
Credit Union collect my
Privacy
Model Disclosure
personal
information?
VMP® Bankers Systems™
Wolters Kluwer Financial Services © 2010
Why can't I limit all sharing?
To protect your personal information from unauthorized access and use, we use
security measures that comply with federal law. These measures include computer
safeguards and secured files and buildings.
We also maintain other physical, electronic and procedural safeguards to protect
this information and we limit access to information to those employees for whom
access is appropriate.
We collect your personal information, for example, when you
 Make a wire transfer
 Open an account
PRIV-MODEL 8/1/2010
 Give us your contact information
 Show your driver's license
2012.1/1694 3687598-010 EPRV1694
 Pay us by check
We also collect your personal information from others, such as credit bureaus,
affiliates, or other companies.
Federal law gives you the right to limit only
 sharing for affiliates' everyday business purposes - information about your
creditworthiness
 affiliates from using your information to market to you
 sharing for nonaffiliates to market to you
State laws and individual companies may give you additional rights to limit sharing.
See below for more on your rights under state law.
Definitions
(see us for details)
Affiliates
Companies related by common ownership or control. They can be financial and
non-financial companies.
 TruNorth Federal Credit Union has no affiliates.
Nonaffiliates
Companies not related by common ownership or control. They can be financial and
non-financial companies.
 TruNorth Federal Credit Union does not share with nonaffiliates so they can
market to you.
Joint Marketing
A formal agreement between nonaffiliated financial companies that together market
financial products or services to you.
 Our joint marketing partners include CUNA Mutual Insurance Company.
Certificates:
6 month
0.25%
0.25%
12 month
0.40%
0.40%
24 month**
0.70%
0.70%
36 month**
0.90%
0.90%
60 month**
0.95%
0.95%
**Option to increase the rate one time during
the term of the Certificate of Deposit if the
credit union’s rates increase.
Annual Percentage Yield (APY) indicates
actual interest earnings provided the entire
CD balance and all dividends earned remain
on deposit for 12 months.
Rates as of 03/18/15 and subject to change.
Other Important Information
For Alaska, Illinois, Maryland and North Dakota Members. We will not share personal information with
nonaffiliates either for them to market to you or for joint marketing - without your authorization.
For California Members. We will not share personal information with nonaffiliates either for them to market to you or
for joint marketing - without your authorization. We will also limit our sharing of personal information about you with
our affiliates to comply with all California privacy laws that apply to us.
For Massachusetts, Mississippi and New Jersey Members. We will not share personal information from deposit or
share relationships with nonaffiliates either for them to market to you or for joint marketing - without your authorization.
For Vermont Members. We will not share personal information with nonaffiliates for them to market to you without
your authorization and we will not share personal information with affiliates or for joint marketing about your
creditworthiness without your authorization.
2015 Annual Meeting
Even with a blizzard warning, more than 200 members attended the credit
union’s annual meeting on Saturday, February 14. Ann Kulju and Pat Kroon were
re-elected to three year terms on the Board of Directors.
Those in attendance enjoyed a delicious meal catered by Mama Russo’s and
dancing to the music of Shotgun Kelli.
If you missed the event, check out the photos on our facebook page. Just
search Tru North to find us and “like” us for more pictures, promotions, updates,
and more!
Loan Rates
Loan Rate Discount
Save .25% with Automatic payment on your loan.
Loan rates are reduced by .25 if your loan payment
is made by automatic transfer from your savings
or checking account. This discount applies to all
loans except VISA, Student Loans, Home Equity
and Mortgage.
Loan Rates shown are already reduced by
the .25%
Signature - Any Purpose Loan
(36 month term)
9.90%
max. $20,000
(60 month term)
11.90%
max. $20,000
VISA
11.90%
max. $20,000
Total combined signature loans and VISA may not
exceed $30,000.
New Vehicles (No Down Payment Needed)
36 month
1.95%
48 month
2.95%
60 month
3.45%
72 month
3.95% ($15,000 +)
84 Month
4.45% ($40,000+)
Maximum vehicle terms:
New vehicles (15,000+) Up to 72 month financing
Used Vehicles (No Down Payment Needed)
36 month
2.95%
48 month
3.50%
60 month
3.75%
72 month
4.45%
84 month
4.95% (classic/antique)
Maximum vehicle terms:
2009 and newer models Up to 60 month financing
2008 & older models
Up to 48 month financing
New RVs, Boats, Motorcycles,
Campers (No down payment needed)
36 month
48 month
60 month
72 month
120 month
1.95%
2.95%
3.45%
3.95%
4.99% Fixed ($30,000+)
Up to a 10 year loan term on new and used RVs or boats. Rate is
the same as new or used 60 month loan with a balloon payment
after 60 months.
Used RVs, Boats, Motorcycles,
Campers (No down payment needed)
36 month
48 month
60 month
2.95%
3.50%
3.75%
Home Equity Credit Line
Revolving 3.9% Introductory Rate for 36 months
6.00%
Variable rate (Prime Rate + 0)
Share Secured
0.95%
2.95%
for up to 36 months
any terms up to 72 months
Mortgage (any term up to 30 years)
Well qualified members save even more. A credit score of 700-775 earns an additional .50% rate reduction
on our Any Purpose signature, vehicle, RV, boat or motorcycle loan. A full 1.0% rate discount applies for
borrowers with credit scores of 776 or higher. The rates posted are for credit scores of 650 - 699. We use
FICO Classic 04 to determine credit scores. (***Please Note: Rate deduction does not apply to single
payment signature note, share secured loans, VISA, mortgages, and home equity loans.)
Down Payment
20%
1 yr adjustable
3.50%
3/27
3.75%
5/25
3.99%
3 yr balloon
3.90%
5 yr balloon
4.50%
30 yr fixed
call for current rate
Fixed Rate Secondary Market Mortgages, call for
current rate.
Rates as of 03/18/15 and subject to change.
KIRBY’S CORNER
Return this activity sheet on Thursday, April 23rd during our special Youth Month
celebration day with Kirby! You’ll be entered to win an AWESOME prize!
Kirby will be in our lobby from 3:00 pm – 5:00 pm. Stop by and tell him
why you love to save! Refreshments will be served.
ACROSS
3. King of the Jungle
4. What animal is on an envelope?
6. Lions, _____s and Bears, OH MY!
8. What’s black and white and red all over?
A: A sunburned ______!
9. What’s black and white, black and white,
black and white?
A: A ______ rolling down a hill!
10. What animal shouldn’t you play cards
with?
DOWN
1. What kind of key opens a banana?
2. See ya later _________!
5. A ______’s favorite subject is HISS-tory!
7. What kind of ant can knock down trees?
Find us on Facebook
Want to get Facebook updates about the Credit Union? Just type
“TruNorth Federal Credit Union” in the search box on the top of your
home page.
After finding the page, “like” it. By doing so, updates from
the Credit Union page will get sent to your Newsfeed, where
you’ll be able to follow our page at your own convenience.
www.trunorthcu.org