Monthly Spotlight

Volume 6 • Issue 1
February • 2010
www.gmcu.com 800.808.2830
GMCU Closed President’s Day
“Discover the Difference” Monday, February 15th

75th Annual Meeting Rate Watch

The Greater Minnesota Credit Union Board of Directors and
staff invite you to attend the 75th Annual Business Meeting.
Loans
Doors Open: 6:00 p.m.
Auto, New - 2008
......................(as low as) 5.54% APR*
Business Mtg.: 7:00 p.m.
When: Monday, April 12, 2010 Boat & RV, New - 2008
Where: Grace Lutheran Church ......................(as low as) 5.54 APR*
301 Forest Avenue • Mora, MN Auto, Boat & RV, 2007-2003
......................(as low as) 7.14% APR*
The purpose of the business meeting is to review the annual reports of the Board of Direc-
tors, the President/CEO, Credit Manager and Supervisory Committee for the fiscal year Unsecured
ending December 31, 2009. ......................(as low as) 10.99% APR*
Visa
Seeking Board Candidates ......................(as low as) 9.49% APR*
There are two board seats available at the 2010 annual business meeting, those of
Russell Mills who passed away in November 2009 and Jason Horrigan. Jason Horrigan Mortgages
will run again in 2010. First Mortgage
Anyone seeking to serve on the Board must follow the guidelines as outlined in the Credit ......................(as low as) 6.29% APR*
Union’s bylaws. Individuals interested in running for the Board must either submit an appli-
cation to the nominating committee, or petition the membership for inclusion on the ballot.
Home Equity
......................(as low as) 6.29% APR*
To apply, please submit a letter of interest/purpose, resumé and three references
postmarked and mailed by February 13, 2010 to: Fixed-rate mortgages are available through the
secondary market. For current rates and information,
Greater Minnesota Credit Union, Attention: Nominating Committee contact Carey at 320.679.3863 or 800.808.2830. Lowest
112 S. Lake Street, Mora MN 55051 rate subject to credit score and checking/auto pay
relationship. Rates are subject to change at any time.
Potential Board members will be subject to pre-directorship screening. Members
interested in serving should contact Peter Masterson at 800-808-2830 Ext. 8151 with Certificates
specific questions.
$500 minimum deposit.
HAPPINESS = 12 month...........1.41% APY**
18 month...........1.56% APY**
A NEW RIDE AND A GREAT RATE! 24 month...........1.76% APY**
36 month...........2.12% APY**
RATES AS LOW AS 48 month...........2.12% APY**
3.99% APR / 36 months 60 month...........2.32% APY**

4.49% APR / 48 months *Annual Percentage Rate.

**Annual Percentage Yield.
Penalty for early withdrawal. Rates are subject
Autos • Boats • RVs • Big Toys to change at any time. Rates are current as of
Motorcycles and More! 1/21/10. For current rates, please go to www.
gmcu.com. For more information, contact our
*APR= Annual Percentage Rate. Cost per thousand is $29.52 for 36 month term. Cost per Call Center at 800.808.2830.
thousand is $22.80 for 48 month term. Collateral must be 2005 or newer. On approved
credit. Rate and terms can change at any time. Other favorable rates and terms available
for older collateral. New money only. Re-fi from another financial if collateral years met.
 Scholarships Available for GMCU Members
As part of our commitment to higher education, Greater Minnesota Credit Union is offering a scholarship program to
its membership. The program, which establishes Traditional and Non-Traditional scholarships, is open to all mem-
bers pursuing higher education, regardless of age or employment status. A total of 10 scholarships will be awarded.
Scholarship amounts, application criteria and the application packet can be found on our Web site at www.gmcu.com.
Scholarship packets are also available at any branch location, and at local high schools.
Traditional Applicants: Deadline for applications is determined by your high school. Please consult your high school
office. If your high school does not have a scholarship program, please follow the deadline for Non-Traditional
Applicants.
Non-Traditional Applicants: Deadline for applications is April 16, 2010.

Looking for a New Car?

Buying a car can be one of the most exciting decisions you will ever make and one of the most confusing. How do you decide whether to buy
a new or used car? Consider the advantages and disadvantages of each option to decide what is best for you.
New Car Used Car
• You get the year, make, model, color and features you want. • Are less expensive.
Advantages • You will have less concern with mechanical problems. • You will have lower insurance costs.
• Could be more expensive. • You may have an increased risk of mechanical problems.
Disadvantages • Requires you take out a loan. • Your choices may be limited.
• You will have increased insurance costs.

Whether you choose new or used, always remember to research your car choices and prices, get pre-approved for a loan, take a test drive,
and negotiate the price.
Are you looking for a strategy to use to decide whether to buy new or used? As a member of GMCU, you can
take advantage of the Accel program, a free financial education and counseling program. To use this new
service, simply call 1-877-33ACCEL (332-2235) or visit them on the web at www.accelservices.org

Mortgage Loans eStatements

For All Your Needs! Save time and paper! When you sign up for
eStatements, you receive an email
Purchase - Refinance - confirmation when your statement is ready to
be viewed through our Home Banking Web Site.
Home Improvement and More • 24/7 access anywhere you have an Internet connection.
• Helps guard against Identity Theft. No more statements in
the mail box!
• 18 months of online eStatement storage.
• Securely stored. Print them anytime for free.
• No more mail delays! eStatement notification is quick.
• Only takes a few seconds to sign up.
To sign up go to www.gmcu.com and under Information Center
click on the “Sign up for eStatements” link.
Call 800 808 2830 today.
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