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WINTER '12 NEWSLETTER


Happy New Year
From all of us at the Red Wing Credit Union

Pictured Front: Barb Tesdall, Patti Killian, Don Rutten, Julianne Freij, Lori
Anderson. Back: Lynn Holm, Rhonda Schultz, Linda Dietz, Kayla Wallin, Traci Sonju, Dawn Bitzan, Sandy Place, Arlys Moechnig, Sue Rusch.
Not Pictured: Heidi Aslakson and Alison Dietz.


 

OFFICIAL NOTICE
Red Wing Credit Union
Annual Business Meeting

The Board of Directors of the Red Wing Credit Union extend to you, our membership, a personal invitation to attend the 57th Annual Business Meeting. This meeting will feature various financial reports on the condition of our credit union, as well as the election of directors to serve on the Board of Directors and the Supervisory Committee.

Date: Tuesday, March 13, 2012
Time: 6:30 p.m.
Location: St. James Hotel,
              406 Main Street, Red Wing, MN

Desserts and beverages will be served promptly. Meeting will commence shortly thereafter. Door prizes will be drawn at random, winners must be present.

Registration is required at the Red Wing Credit Union, prior to attending the meeting. Hope to see you there!


eStatements save time, save money and save trees

Make eStatements Your New Year’s Resolution!
Sign up today and be eligible for a $25 gift card.

eStatements are the quickest and safest way to view your Red Wing Credit union account statement! An eStatement is just an electronic means of receiving your regular monthly (or quarterly) account statement absolutely FREE.

Instead of receiving a paper statement by mail, you’ll receive an email notifying you that your statement is available for viewing online. You no longer have to wait for your paper statement to come in the mail. Your eStatement will be available online at the beginning of every month. We offer easy online enrollment, and all you need is your membership number to get started receiving statements electronically.

Members who sign up in the month of January to receive eStatements will be entered in a drawing for a $25.00 gift card.

Benefits of eStatements include:

  • Speed – Faster delivery of statements; no need to wait for the mail.

  • Convenience – Access your eStatement anytime. Statements are archived for 18 months.

  • Security – Your eStatement is protected by the latest security measures.

  • Privacy – Your eStatement is sent directly to your e-mail address.

  • Friendly to the environment – Less printing means less wasted paper – save a tree and use eStatements.

To enroll online, you will need your name, account number and email address. You will then be asked for a password. Once you’ve signed up for the eStatement, you will receive an email each month alerting you to its availability. Access is also available through Account@ccess.


$12,000 in Scholarship Money Available Through the FIC

The Minnesota Family Involvement Council (FIC) has $12,000 available in scholarship money for Minnesota credit union members who are continuing their education!

The FIC is offering two $1,000 scholarships and twenty $500 scholarships to 20 credit union members throughout Minnesota. Any individual attending a college or university, graduate or law school, 2- or 4-year program or community or technical college in the fall of 2012/spring 2013 is eligible.

Those interested in applying need to complete a one-page application form and submit a typed essay (up to 500 words in length) answering the questions, “What impact has social media had on your financial decisions and how could credit unions use these tools to help you with your financial goals?”

The scholarship deadline is Wednesday, February 1, 2012. The 22 scholarship recipients will be selected and announced in the spring of 2012. Learn more.


 

Interest Rates at Historic Lows

We don’t have to tell you that interest rates are low. They’ve been low for a long time; but now they are lower than they have ever been in the 57 year history of our credit union. For you as savers, this is not a good thing, especially with the stock market so vulnerable.

Though interest rates may be low, your savings are safe at your credit union. This is because they are insured up to $250,000 through the National Credit Union Administration, an agency of the United States government. The Red Wing Credit Union is well capitalized, as well and in good financial condition.

On the other hand, if you need money for any purpose, now it the best of times to borrow at your credit union. We have money to lend with great terms and the lowest rates in town. We have home equity loans with fixed rates up to 20 years, and the interest is usually deductable.

We also have all time low rates on vehicle loans as well. If you are in need of money for any purpose, now is the time to borrow from your credit union.

Don’t procrastinate; take advantage of these all time low rates now. Call Rhonda at 651-267-4213 or Traci at 651-267-4214, today!
 

Credit Union Grows on Bank Transfer Day

You’ve perhaps heard of the “Bank Transfer Day” campaign that has been so much in the news recently.

The “Bank Transfer Campaign” evolved through the ever increasing fees that big banks are assessing for financial services such as debit card use and the transfer of funds. These, of course, are services that are free for most credit union members.

It was reported in the December issue of Credit Union Magazine that in the first weeks following banks’ announcements of their infamous debit card fees, more consumers joined credit unions than joined during all of last year. Credit unions welcomed more than 650,000 new members, and those consumers brought an estimated $4.5 billion in new deposits with them.

This growth in members and deposits has impacted the Red Wing Credit Union, too. For example, in recent years we would open on average approximately twenty to thirty new member accounts each month. Now, we open between forty and sixty new member accounts per month, resulting in increased asset growth, as well. In fact, our credit union just reached another milestone, passing the $70 million asset mark in the 4th quarter of 2011. This is a 40% increase in assets in just the last four years.

Indeed, we have much to be thankful for this holiday season, and the growth of our credit union is something for which we are most grateful. We also know that it is our membership that is responsible for our success. It is your confidence and commitment to us that has enabled our credit union
to grow and prosper through the years.

 

Welcome Aly and Kayla
 

We are pleased to introduce two new teller/member service representatives at the credit union.
The next time you are at the credit union, stop by and say hello to Aly and Kayla.

Alison Dietz is the daughter of Brian and Leah Dietz. She is a junior at Red Wing High School, where she is involved in HOSA (Health Occupation Students of America and the Burnside Pluckies 4-H. Aly is also taking PSEO (Post Secondary Enrollment Option) classes at SE Technical College. In Aly’s free time she enjoys hunting, photography, fishing and spending time with her family.

Kayla Wallin is the daughter of Jeremy and Ricki Wallin. She is a senior at Red Wing High School, where she has been involved in volleyball and softball. Last year, she was voted captain of the softball team. After graduation, she plans to earn a bachelors degree in finance and continue working in the financial industry.
 

 

Holiday Closings

The Red Wing Credit Union will be closed for the following holidays:

  • Martin Luther King Day: Monday, January 16
  • Good Friday: Friday, April 6
  • Memorial Day: Saturday, May 26 and Monday, May 28
  • Independence Day: Wednesday, July 4
  • Labor Day: Saturday, September 1 and Monday, September 3
  • Thanksgiving: Thursday, November 22
  • Christmas: Monday, December 24 and Tuesday, December 25

The Board of Directors and staff of the Red Wing Credit Union would like to take this opportunity to wish you and your family a happy and prosperous new year in 2012.

As always, you can access your accounts anytime via Account@ccess or Touch Tone Teller anytime, even when our office is closed.
  

Do Your Taxes Right With TurboTax

The Red Wing Credit Union is once again offering TurboTax Online to our members, the easy and confidential way to do your taxes. Do your taxes right and get your maximum refund guaranteed with TurboTax:

TurboTax guides you step by step to your guaranteed maximum refund, 1 showing you exactly what to do every turn and giving you clear, easy-to-follow directions.

  • Step-by-Step Guidance – TurboTax guides you like a GPS through your unique tax situation-including job and family changes, home and investments – then explains how these changes will impact your taxes.
  • Be confident it’s done right – TurboTax double checks as you go, so you can make sure your return is right. Plus, calculations are always 100% accurate – guratanteed.1
  • Get your biggest refund – fast – TurboTax guarantees that you’ll get your biggest possible refund. Plus, you’ll get it in as few as 7 days when you e-file and direct deposit.1

Additional benefits include a 24-hour staffed hotline for filing assistance. You access important tax tips and articles and use interactive tools, like tax calculators, for assistance. TurboTax also offers electronic filing for faster refunds for both state and federal filings.

Don’t miss out on this 10% discount on TurboTax Online Deluxe. Start for FREE today.

1 Visit http://turbotax.intuit.com/lp/yoy/guarantees.jsp for Turbo Tax product guarantees and other important information.


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Federally insured by NCUA
    up to $250,000

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