2016 Annual Meeting Results

www.memcu.com
In This Issue:
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2016 Annual Meeting Results
Fee Schedule
MCU Scholarships
Ashley’s Mortgage Minutes
eStatements
Turbo Tax
MEMCU Insurance
El Rincón Latino/Latino
Corner
Fee Schedule:
No Change in 2016
Members CU’s motto is that
“members are more valuable
than profit.” Since we care about
our members more than profit,
we strive to keep our financial
services affordable without
sacrificing service.
We are happy to tell you that our
schedule of fees will not change
in 2016. That means prices will
not increase for the few services
that do require a charge and
our free financial services will
remain free.
February 1, 2016
2016 Annual Meeting Results
Members CU’s Annual Meeting was held on January 26, 2016, at 9:30 a.m. in
the corporate office located at 2098 Frontis Plaza Blvd., in Winston-Salem, NC. All
members were invited to attend to hear reports
on the financial condition of the credit union.
One of the most important agenda items for
this meeting was the election of four Board
of Directors positions. Ben Borugian, Jack V.
Braswell, Jr., Karen Keller, and Jeff Seaford
were elected by the credit union’s membership
and will serve three-year terms on the Board
of Directors.
After the election, Jack V. Braswell, Jr.,
President/CEO of Members Credit Union,
discussed the achievements of Members Credit
Union during 2015 and the outlook for the year
that lies ahead.
Pictured left to right: Jack V. Braswell,
Jr., Karen Keller, Jeff Seaford, and Ben
Borugian. Members Credit Union newly
elected Board of Directors.
Thanks to our members, Members CU had a very successful 2015 and realized an
increase in loans, accounts opened, deposits, and total assets. In addition to financial
success, Members CU also worked to improve member satisfaction by providing
financial education, upgrading branches, researching safe electronic and mobile
banking options, and moving towards the implementation of the EuroMasterCard and
Visa (EMV) Debit and Credit chip cards to protect our
members against fraud.
These efforts will be continued throughout 2016 by
visiting local middle and high schools to promote
good financial practices among young adults,
providing several new electronic products, and issuing
the new EMV cards to members, as their current cards
expire.
Visit us at memcu.com, click
on “forms and tools” and click
on “fee schedule” to review the
schedule of fees.
As your credit union, nothing is more important to us
than safeguarding your personal information. We will
continue to embrace the new technologies that help
reduce the risk of identity theft and fraud.
Visit
www.memcu.com/forms-tools
and click “Fee Schedule”
Pictured: Jack V. Braswell, Jr.
discussing the success of
Members Credit Union.
The strength of Members Credit Union is a testament
to the loyalty of our 50,000 member-owners. Thank
you for supporting your credit union in 2015. We look
forward to continuing our partnership throughout 2016
and beyond.
Scholarship Applications
Due to MCU by March 18
The Members CU scholarship fund was
established in 1996 and provides academic and
need based scholarships to Members CU members.
To obtain an application, visit us online at
memcu.com and click on “forms and tools.”
Scroll down to 2016 Scholarship Application and
click on the link to open the application. You may
also call 800-951-8000, ext 134, to request that a
scholarship application be mailed to you.
All the requirements and instructions are on the
letter attached to the application. Please submit
your application no later than March 18 to:
Members CU
Attention: Scholarship Committee
PO Box 5297
Winston-Salem, NC 27113-5297
Ashley’s Mortgage Minutes
Valentine’s Day is coming soon, and
WE LOVE VETERANS! Did you
know that FAIRWAY was ranked #8
for total VA purchase loan volume
in 2015 by the VA? I’m proud to
be a Certified Military Mortgage
Specialist serving those who serve.
Five reasons to use the VA loan home program:
• Competitive interest rates – even with less than
perfect credit
• 100% Financing
• Flexible Credit Requirement
• No monthly mortgage insurance.
• The VA funding fee can be financed into the loan
Our motto is: “When they come back, we give
back.” Happy Valentine’s Day – and if you’re a
Veteran, thank you for your service!
Ashley
Ashley McKenzie-Sharpe
Senior Loan Officer NMLS#100776
Office: 336-748-4599
Cell: 336-575-9448
Email: [email protected]
You’re Going to Love eStatements
Here’s $5 to Prove it!
For a limited time, you can earn $5
for trying eStatements, MCU’s free electronic
statement service. You must be a new or existing
member who is enrolling into eStatements for
the first time. In order to enroll into eStatements
you must be enrolled into MCU@Home, our
online banking service.
We will pay new eStatement enrollees $5
for signing up for eStatements. Only one $5
incentive will be rewarded per member, and your
money will be transferred to your account within
one week.
Not Signed Up Yet? What are you waiting for?
eStatements is popular with people who love
convenience, conserving resources and saving time. Sign up for
eStatements and find out why members love this free service that
allows them to securely access your monthly financial statements
24/7 through our secure online banking service, MCU@Home.
When your statement becomes available, Members CU will
send you an email notification to log on to MCU@Home and
view your current statement. You have access to your statement
24/7, you’ll receive your statement fast and we will archive your
statements electronically for 18 months.
How to Sign Up for eStatements
Once you’re logged into MCU@Home, MCU’s free
online banking service, click on the “Accounts Tab” and scroll
down to “eStatements.” Click on “eStatements.” A disclosure
will be displayed for you to read. Scroll down to the bottom of
the disclosure. Provide your email address, confirm your email
address and click “Sign Up.”
If you need assistance signing into
MCU@Home or have questions about
eStatements, please contact our Member
Services team. They’re available
Monday through Friday, 8 AM to 5 PM,
to help. Call 800-951-8000 and press
option 5 to contact a team member or
email [email protected].
The Smarter Way to Your Biggest Refund - TurboTax
Members CU has teamed up with Love My Credit Union Rewards TurboTax® program to get you your
maximum refund, savings of up to $15 on TurboTax federal products, and a chance to win $25,000! Just try TurboTax
Online for FREE (and provide your email address) by February 18th to be automatically entered in the TurboTax
$25,000 Payday Sweepstakes. Start TurboTax now!
This year, file your taxes the smarter way, and get your biggest possible refund – guaranteed. TurboTax® guides you
every step of the way. Plus, you can save up to $15 on TurboTax federal products.
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TurboTax translates taxes into simple questions about your life and puts everything in the right forms for you.
TurboTax searches over 350 deductions and credits, so you won’t miss a thing.
TurboTax runs error checks and a final review to help make sure your taxes are done right.
Start TurboTax now!
The TurboTax credit union member discount is just one of many member discounts available with the Love My
Credit Union Rewards program. Credit union members nationwide have saved over $1.4 billion with exclusive offers
from these great partners:
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Receive a 10% discount (business members a 15% discount) on select regularly priced Sprint monthly data
service. Plus, waived activation fee on new lines and upgrade fees ($36 savings each)
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Earn cash back when you shop at over 1,500 online retailers with Love to Shop
The more offers you take advantage of, the more you save. Start saving today at LoveMyCreditUnion.org.
*Based on individual roadside assistance plan.
Save Money on Insurance
MEMCU Insurance, Members CU’s Insurance Service exclusivley for members, offers a wide variety of
insurance products. We can make sure you’re paying the best price for your insurance because we negotiate with the
nation’s top insurers. Let us help you save money on these coverages:
Auto / Home / Manufactured Home / Renters / Motorcycle / Boat and Watercraft / Recreational
Vehicle / Travel Trailer / Camper / All Terrain Vehicle / Investment Rental / Umbrella Liability
Donna Stinson
800-951-8000 x 141
[email protected]
memcuinsurance.com
El Rincón Latino
Los Niños y el Dinero
¿De que manera podemos los padres, enseñar a nuestros hijos acerca del
dinero? La enseñanza del valor y el concepto del dinero debe comenzar
a una edad temprana. Entonces, ¿cómo podemos comenzar este proceso
con nuestros hijos? Aquí hay algunos consejos de la cooperativa Members
Credit Union.
Members CU’s
Current Rates
Loan Rates
(Rates shown as Annual Percentage Rate)
Fixed Rate Loans
New Car or Truck............... as low as1.75%*
Used Car or Truck............... as low as1.75%*
* Rate is subject to qualifications.
Enseñele a sus hijos el concepto del dinero.
Antes de comenzar la escuela primaria, introduzca a sus hijos el concepto
del dinero. Comience conociendo las monedas y contandolo. Anime a su
hijo a pagar los artículos que desean tener, con el producto de lo que se han
ganado. De esta manera, aprenderán su valor y la razón por la qué se debe
ahorrar.
Permita que sus hijos se ganen algún dinero.
Todos queremos que nuestros hijos hagan las tareas que les ponemos
porque se lo ordenamos, pero también con la esperanza de que aprendan
el valor del trabajo. Permitales que ganen dinero por su propio esfuerzo
así como que aprenden el valor de este. Teniendo en cuenta la edad de sus
hijos, delegueles algunas tareas adicionales que podrían hacer para ganar
dinero. Conversen con ellos sobre lo que pueden hacer con el dinero que se
han ganado. ¿Van a derrochar los fondos ganados inmediatamente? ¿Van a
guardar los fondos para completar para una compra futura grande o lo van
a guardar y ahorrarlo para el futuro?
Enseñe a sus hijos sobre el ahorro.
Esta generación quiere gratificación inmediata a todo momento en la
vida. Comience a enseñarle a sus hijos el valor del ahorro. Empieze con
una alcancia y elogielos por ahorrar el dinero que han ganado. Establezca
conjuntamente con su hijo, una meta. Seguramente quieren un juguete
nuevo, una bicicleta o una computadora, muestreles como con su dinero
ahorrado pueden alcanzar ese objetivo. Una vez que hayan guardado una
pequeña cantidad, lleve a su hijo a la cooperativa de crédito para abrirle
una cuenta de ahorros. No te olvides de dejar que ellos participen en la
apertura de sus cuentas y definir y manejar el depósito inicial. Enseñe a sus
hijos que la cooperativa de crédito está aquí para ayudarles con su salud
financiera.
Al iniciarlos en un nuevo concepto como es el del dinero, primero
comience explicandole la idea. Lleve a su hijo a la cooperativa Members
Credit Union y expliquele por qué estan ahí y cómo la cooperativa ha
ayudado a su familia. Luego, al día siguiente, recuerdele a su hijo acerca
de la visita que hicieron, la alcancía que le regalaron por abrir la cuenta
y los $5 que les dieron por pasarse a “Estados de cuenta por internet”.
Conectar estas acciones hará que recuerden mejor todo lo aprendido sobre
el dinero. Es como su relación con su cooperativa de crédito, la conexión
es importante porque ud es importante para nosotros.
Variable Rate Loans
Boats and RVs....................................7.75%
Visa Credit Card, Personal Loan or
Unsecured Credit Line...................... 10.50%
Equity Access.................................... 5.50%
Savings/Certificate Secured................ 2.25%
Savings Rates
(Rates shown as Annual Percentage Yield)
Share, Trust, & Custodian Accts........... 0.15%
Checking Accounts............................ 0.05%
Super 60 Savings.............................. 0.30%
Money Market Accounts..................... 0.20%
Christmas Club.................................. 0.05%
IRAs.................................From 0.30-0.80%
5-Month Certificate........................... 0.15%
6-Month Certificate........................... 0.20%
12-Month Certificate......................... .0.30%
18-Month Certificate.......................... 0.40%
24-Month Certificate.......................... 0.50%
36-Month Certificate.......................... 0.70%
60-Month Certificate.......................... 0.80%
NOTE: Rates shown throughout this publication
were in effect at press time, but are subject to
change without notice. Current rates can be
obtained via the contact information below.
Members Credit Union
2098 Frontis Plaza Blvd.
P. O. Box 5297
Winston-Salem, NC 27113
(336) 748-4800
(800) 951-8000 (toll-free)
www.memcu.com
Federally Insured by the NCUA