Monthly Spotlight

Volume 7 • Issue 4
June • 2010
www.gmcu.com 800.808.2830
“Discover the Difference”

YOU NEED TO KNOW. THE CHOICE IS YOURS.

So there you are... at the checkout counter of your local grocery store with $300 worth of groceries in your
cart (the groceries add up to a little more than you thought). Your account has a balance of $285. When
suddenly you hear, “I’m sorry. Your debit card has been declined.” You don’t know what you would need
to take out of your cart for the transaction to clear, so you just leave.

That situation could happen as new federal regulations go into effect for members in the near future. If you
are currently a member, this regulation will become effective August 15, 2010. Anyone who joins Greater
Minnesota Credit Union (GMCU) on July 1, 2010 or thereafter, it becomes effective immediately.

GMCU provides all members in good standing with a $500 overdraft service called Member Privilege. We
do not encourage overdrafting, but in an emergency it can offer peace of mind. Your Member Privilege
limit may be available for checks and other transactions made using your checking account number or
automatic bill payment and recurring debit card payment. Also, at your request, we may authorize and pay ATM transfers or withdraw-
als and everyday debit card purchases using your limit.

In order for us to continue to provide this service to you, it is required that you “opt in” for the service. OPT-IN FORMS ARE
NOW AVAILABLE in GMCU branches, on-line at www.gmcu.com and in your May GMCU statement envelope.

If you do nothing, this service will be discontinued for your everyday debit card purchases and ATM transactions.
Meaning, if you do not have enough money in your account, or if the funds have not yet cleared, your card will be
declined.

Make the choice that is right for you and your family. Visit your local branch, call us
at 800.808.2830 or eMail us at info@gmcu.com.

* The effective date of the change is August 15, 2010 for accounts opened be-
fore July 1, 2010. For accounts opened after July 1, 2010 the effective date of
the change is July 1, 2010. On August 15, 2010, we will not authorize and pay
overdrafts on ATM and everyday debit card transactions without account holder
consent. Overdrafts may be created by check, ACH, online banking transactions,
phone transactions or other electronic means. An overdraft (OD) fee or insufficient
funds (NSF) fee of $25.00 will be charged for covering overdrafts that result in a
negative balance at the end of the day. Recurring debit card transactions (pay-
ments that are set up to bill and pay automatically), such as an automatic draft from your health club or insurance company, may
continue to be covered by your overdraft service. Once an overdraft has occurred you are required to bring your account to a positive
balance within 30 days. We reserve the right not to pay if your account is not in good standing. Contact us if you have questions.
Play Ball! Minnesota Twins Youth Clinic
Do you have a little leaguer or softball player who would Rate Watch
like to improve their game? The Minnesota Twins offer free
Loans
baseball and softball clinics to youth:
Auto, New - 2008
When: Friday, June 18 ......................(as low as) 3.99% APR*

Where: Orono Athletic Complex, Elk River Auto 2007-2003

Time: 2:00 p.m. Children 6 to 9 years old ......................(as low as) 6.14% APR*

3:30 p.m. Children 10 to 16 years old Boat & RV, New - 2008
......................(as low as) 5.04 APR*

In the case of inclement weather, the clinic will be at the Elk River YMCA. This Boat & RV, 2007-2003
clinic is sponsored and hosted by Greater Minnesota Credit Union and Elk River ......................(as low as) 6.64% APR*

Parks and Recreation. Unsecured

......................(as low as) 10.99% APR*

Clinics are open to boys and girls ages 6 to 16 and are divided into two 90-min- Visa
ute sessions; the first session is for 6 to 9-year-olds and the second for 10 to ......................(as low as) 9.49% APR*

16-year-olds. Clinics focus on hitting, fielding and throwing. Parents are encour- Mortgages
aged to participate with their children. Children ages 6 to 9 years should report First Mortgage
Friday at 2:00 p.m.; children ages 10 to 16 should arrive at 3:30 p.m. ......................(as low as) 5.54% APR*

The Play Ball! Minnesota Youth Clinics program provides boys and girls from
throughout the Upper Midwest with the opportunity to enhance their baseball
and softball skills, while also hearing positive messages about staying in school
and away from drugs and alcohol. Play Ball! Minnesota Youth Clinics are funded
and administered by the Twins Community Fund.
Home Equity
......................(as low as) 5.54% APR*
Fixed-rate mortgages are available through the
secondary market. For current rates and information,
contact Carey at 320.679.3863 or 800.808.2830. Lowest
rate subject to credit score and checking/auto pay
relationship. Rates are subject to change at any time.

Independence Day Closing Certificates

Greater Minnesota Credit Union will be closed on
$500 minimum deposit.
Monday, July 5th in observance of Independence Day.
12 month...........0.75% APY**
18 month...........0.85% APY**
24 month...........1.16% APY**
...And Speaking of All American 36 month...........1.51% APY**
We are firin’ up the grills for our annual summer Member Appreciation Lunches! 48 month...........1.66% APY**
Here’s the schedule for FREE good eatin’: 60 month...........2.02% APY**
*Annual Percentage Rate.
**Annual Percentage Yield.
Friday, July 16 Elk River 11:00 am - 2:00 pm Penalty for early withdrawal. Rates are subject
Friday, July 23 Milaca 11:00 am - 2:00 pm to change at any time. Rates are current as of
5/20/10. For current rates, please go to www.
Friday, July 30 Pine City 11:00 am - 2:00 pm gmcu.com. For more information, contact our
Friday, Aug. 6 Ogilvie 11:00 am - 2:00 pm Call Center at 800.808.2830.

Friday, Aug. 13 Mora 11:00 am - 2:00 pm

Friday, Aug. 20 Isle 11:00 am - 2:00 pm

Branch Telephone # Mora, Milaca, Isle, Pine City and Ogilvie Branch Hours
Mora 320.679.3863 Monday - Thursday Friday Saturday
Milaca 320.983.2511 Lobby: 8:30 am - 4:30 pm Lobby: 8:30 am - 6:00 pm Drive-thru: 8:00 am -12:00 pm
Isle 320.676.3607 Drive-thru: 8:00 am - 5:00 pm Drive-thru: 8:00 am - 6:00 pm
Elk River 763.441.3842 Elk River Branch Hours
Pine City 320.629.1178 Monday - Thursday Friday Saturday
Ogilvie 320.272.9918 Lobby: 8:30 am - 4:30 pm Lobby: 8:30 am - 6:00 pm Lobby: 8:30 am -12:00 pm
Drive-thru: 7:30 am - 5:00 pm Drive-thru: 7:30 am - 6:00 pm Drive-thru: 8:00 am -12:00 pm
Call Center Hours
Monday - Thursday Friday Saturday
7:30 am - 5:00 pm 7:30 am - 6:00 pm 8:00 am -12:00 pm