SPRING '08 NEWSLETTER
In the last edition of this newsletter, we announced that we would
be converting to a new data processing system in the spring of 2008.
Well, here we are!
After several weeks of programming and training, we are well on our
way to the final conversion weekend, April 19th and 20th. On
Saturday, April 19th, our office will be closed to accommodate the
conversion process. Monday morning, April 21st, we will open at
10:00 a.m. in order to better accommodate the transition.
These changes will be most noticeable in our internet banking and
audio response systems. Both systems will contain new features,
improving access to your accounts at anytime, any day of the year.
One of the best features is the ability to transfer funds to any
account with which you have joint account access, regardless if it
is under your primary membership or not. For example: your daughter
is away at college and needs money in her checking account. You can
now transfer money from any of your accounts to your daughter’s
account with just a few clicks of your mouse.
Due to these new changes, existing authorizations will not transfer
for security, safeguard reasons. Consequently, members will need to
enroll in the new programs. Internet banking instructions will be
available by logging on to our Red Wing Credit Union website and
clicking on the
Account @ccess /info key. Voice response instructions will be
documented on the phone system or will be made available to you by
contacting our office.
Additional back office procedures will impact the looks of our
statements, however, our electronic statements will remain
unchanged. Account numbers will remain the same, except for
secondary savings, certificates and loans, all of which will now
contain additional digits added before and after the existing
account numbers.
We are very confident that the new and improved system will provide
beneficial, financial solutions for our members. In the interim,
however, we ask for your patience during the conversion. When all is
said and done, we will be the same, friendly credit union you have
come to know, but now with even more advanced, technological
applications.
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Credit
Union Holds 53rd Annual Business Meeting
The Red Wing Credit
Union held its 53rd annual business meeting on March 11, 2008 at the St.
James Hotel. Financial reports were presented by the Board of Directors, the
Supervisory Committee and the management of the credit union. In 2007, the
credit union experienced very healthy growth in nearly all areas of
operation. Loans, deposits and dividends all exceeded the gains of the
previous year.
Debra Jeske and
Shirley Perkins were each re-elected to three year terms on the Board of
Directors and Krissy Owens was elected to a three year term on the
Supervisory Committee. Dessert and coffee were served and door prizes were
drawn at random at the conclusion of the meeting.
The management of
the Red Wing Credit Union would like to take this opportunity to thank all
our volunteers that serve our credit union on both the Board of Directors
and the Supervisory Committee. We feel that our volunteers are truly a
reflection of our credit union and play a integral role in our success.
2008 BOARD OF DIRECTORS
Daryl
Mark, Chair
Harold Frazier, Vice Chair
Shirley Perkins, Secretary
Debra Jeske, Director
Diane McNeil, Director
Darrell Steffenhagen, Director
Tammy Wadley, Director
2008 SUPERVISORY COMMITTEE
Tom
Ahern, Chair
Daryl Duden, Secretary
Krissy Owens
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Introducing Sandra Place
We are pleased to introduce a new employee
at the Red Wing Credit Union. Sandra Place joined our staff in January
and is already well on her way to being an integral part of our
teller/member services operation. Sandy, as she prefers to be called,
comes to us with over 13 years of financial experience, having worked at
two other local financial institutions thus far in her career. She has
vast experience with all types of savings accounts, including IRAs.
Sandy is originally from Ellsworth,
Wisconsin, where she graduated from high school. She is married to Brent
Place, and together they have two children, Jasmine, a seven year old
first grader, and Taite, who is four years old. Sandy, Brent, Jasmine and
Taite presently live near Diamond Bluff, Wisconsin.
Sandy enjoys baking and scrapbooking in her spare time.
The next time you are in the credit union, stop by and introduce yourself
to Sandy Place. We think you will agree that she makes a nice addition to
our staff at the credit union.
Borrow Where You Belong.
Nowadays, you can get a Home Equity Loan just about anywhere – banks,
savings and loans, even insurance companies. When you borrow at your Credit
Union, you can be sure that you are getting the best deal, because we're
member owned.
Our professional loan officers are people you know and can depend upon to
find the financing that best suits your needs. Our Home Equity Loans give
you the money you need at terms with which you can live; no hidden charges
and no surprises.
Borrow where you
belong, at the Red Wing Credit Union.
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Fixed or Variable
Rates
-
Fast Approval
-
Tax Deductible
Interest*
*For details on
tax deductibility, please consult your tax advisor. Rates are subject to
change.
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MONEY MAGAZINE
Calls Credit Unions
“The Best Little Deal in Town”
An article in the December 2007 issue of Money Magazine calls credit unions
“The best little deal in town ... Credit Unions offer sweet deals on credit
cards and auto loans, the best CD rates in the business and heaps of
personalized services. And yes, you too can join one,” it states.
This article goes on to cite five reasons consumers should consider joining
a credit union, featuring five basic products credit unions offer at
competitive prices. In addition to great deals on auto loans, credit unions
also offer affordable mortgage options, financial counseling, higher returns
on deposits, especially CDs, surcharge free ATMs, lower interest rates on
credit cards and generally less fees and bank charges. In other words, some
of the best deals in banking can be found at your hometown credit union.
The article concludes with the question, “Should I ditch my bank?” The
answer – “It’s worth considering.”
As we like to say at the Red Wing Credit Union, "It’s better to bank where
you belong." We really do strive to bring to you better products, at a
better price, with better service. Our ongoing goal is to not only meet, but
to exceed your expectations each time you bank with us, whether it’s in
person, by phone or on the internet. If there’s a service you need or a way
we can better serve you, please let us know.
(Source: Money Magazine December 2007)
OFFICE CLOSINGS
The Red Wing Credit Union will be closed the following days this spring.
Please take note to avoid any inconvenience.
Memorial Day: Saturday, May 24
Monday, May 26
Independence Day: Friday, July 4
Saturday, July 5
Labor Day: Saturday, August 30
Monday, September 1
Thanksgiving: Thursday, November 27
Christmas: Wednesday, December 24
Thursday, December 25
Remember, you can
always access your accounts via
Account@ccess
or Touch-Tone Teller 24/7, even when our office is closed. You
can also obtain cash anytime from our ATM. Talk to a teller
today to learn how to use these free credit union services!
Annual Credit Union Scholarships
Each spring, we are pleased to announce in this newsletter that we are
awarding two $500 scholarships to our membership. The only qualification,
other than being a member of the credit union, is that the recipients
maintain a 3.00 grade point average for the next school term at an
accredited, post high school institute of higher education.
Applications are easy to complete and are available
online and at the credit union. The deadline for applications is May 16,
2008. The winning recipients will be drawn at random, and announced in our
next edition of Quarterly focus, as well as in the Republican Eagle.
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