 You
Asked for It...
Now Bill Pay Is Here!
In recent years, many of our members have asked when
our credit union would offer a Bill Pay
service like many
other (larger) financial institutions do. Well, you asked for it, so
beginning this August, we will be offering the Red Wing Credit Union
Bill Pay program to our membership.
Just as e-mail revolutionized communications, Bill
Pay will change the way you handle your finances. With
Bill Pay, you will be able to make
payments to anyone, anywhere in the country, by sending electronic
“cyber-checks” automatically, thus eliminating the cost of postage and
stationery, late fees or just having to remember making payments all
together.
You can program Bill Pay to make
recurring payments for
mortgages, utilities, credit cards, or use it to make one time payments to
the dentist or for sending money to your child in college. On-line calendars
will help you schedule payments, and you can review past and pending bill
payments.
Beginning in August, the Red Wing Credit Union Bill
Pay program can be accessed through our Home Banking Product,
Account@ccess. This will be a
free service to
our members as long as they make at least three payments via
Bill Pay, each month. For enrolled
accounts with less than three payments, a $5.00 fee will be assessed.
We
offer Bill Pay to help simplify your
life, and save you time and money. With Bill Pay,
you will have the security of paying your bills at your convenience, seeing
when they post and track your payment history, on-line. Ask a member service
representative today about Bill Pay.
Mark your calendar for Friday, July 23, from 9am to 5 pm
One-Day-Only Care Sale
The Red Wing Credit Union, in conjunction with Red Wing Ford/Chrysler and
Red Wing Chevrolet, is having a One-Day-Only Car Sale.
Chrysler,
Ford and General Motors vehicles will be marked down and available on-site,
right in the parking lot at the Credit Union for Members Only sales and
financing.
 Get special pricing on the new or used vehicle of your choice,
and get special, discounted financing from your credit union. What could be
a better opportunity?
Discount Tickets Available
It's the "Good Old Summertime" at the Red Wing Credit Union. In keeping with
our tradition, we again have discounted tickets available for the following
popular summer venues:
• Colvill
Aquatic Center $3.75
• Valley Fair (Adults)
$28.00
(Jr/Sr) $17.99
• Nickelodeon at Mall of America
$26.00
• Underwater Adventures (Adults) $11.00
Children under 12 $7.00
We hope you have a
safe, fun time this summer and enjoy these discounts at these popular summer
attractions.
Holiday Closings
The Red Wing Credit Union
will be closed the following days in observance of holidays:
- Independence Day: Sat. July 3 and
Mon. July 5
- Labor Day: Saturday, Sept. 4 and
Monday Sept. 6
- Thanksgiving Thursday, Nov. 25
- Christmas: Friday, Dec. 24 and
Saturday, Dec. 25
As always, you can access your accounts at the credit
union anytime of the day, all year long via
Account@ccess
or Touch Tone Teller, even when our office is closed. Happy
Holidays! |
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Time to Check Out Credit Unions
New York (6/7/10)—Credit Unions are the place to go if you want to move your
money, AARP Magazine tells its 47 million readers in its July/August
issue. The same sentiments are echoed in the July issue of Consumer
Reports.
In “The Little Banks That Can,” AARP cites “three compelling reasons” to
switch: lower fees, higher interest rates on deposits and better service.
“As it turns out, you are likely to find all three at some of the smallest
financial institutions in the nation: credit unions,” says the two page
article.
The article provides several favorable quotes and anecdotes about credit
unions. “The average consumer does much better at a credit union than a
bank,” said Ed Mierzwinski, consumer program director at U.S. Public
Interest Research Group. Curtis Arnold, founder of CardRatings.com, a credit
card information website, said, “I’m a big fan of credit unions. Unlike a
lot of banks, most credit unions don’t try to cross-sell you products you
don’t really want.”
The article also is very critical about banks. “Here’s how bad it’s gotten
for bankers: they’re less popular than politicians, according to a recent
Zogby Interactive survey. And no wonder. After receiving a huge bailout to
escape a debacle of their own making, America’s biggest banks raised their
fees, posted record profits and paid enormous bonuses to their executives.”
In Consumer Reports’ July issue, “When to Bail On Your Bank”
discusses the “Move Your Money” campaign to get consumers to switch from big
banks to smaller institutions, including credit unions.
While big banks may have better on-line banking, “There are great deals at
local banks and especially at credit unions,” says the article. It cites the
benefits of better card rates, higher yields on savings and low rate loans.
Perhaps this is why the Red Wing Credit Union is presently experiencing such
tremendous growth. We don’t even have to advertise, with all these trade
publications touting the many good qualities of credit unions.
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“What’s In Your Wallet?”
As you no doubt have heard, amid the recent financial
crises, many banks have been increasing the interest rate on their credit
cards as well as increasing the fees they charge in order to recoup income.
New legislation was recently passed to help curtail this. If you carry a
credit card from the Red Wing Credit Union, you would not have seen any
changes in rate or fees. In fact, we have not changed our credit card since
its inception more than eleven years ago.
Our Visa Classic card carries an 11.88% APR*; our Visa
Gold card carries an 11.55% APR*. In addition, neither the Visa Classic card
nor the Visa Gold card carries an annual fee, and there are no transaction
charges.
If you don’t already have a Red Wing Credit Union Visa
card, you can switch to one today just by calling a loan officer at the
credit union. Visa Classic or Visa Gold, they’re great cards with no
surprises.
*APR – Annual Percentage Rate
2010 Scholarship Recipients
We are pleased to announce that Stephanie Meacham and Zach Tubbs are the
recipients of the 2010 Red Wing Credit
Union scholarships. Stephanie Meacham is a 2010 graduate of Goodhue High
School and Zach Tubbs is a 2010 graduate of Red Wing High School.
Stephanie Meacham
is the daughter of Mark and Peggy Meacham of rural Goodhue. She plans to
attend the University of Wisconsin, River Falls this fall, where she will
study business and animal science.
 Zach
Tubbs is the son of Gene and Penny Tubbs of Red Wing. He will be attending
Luther College in Decorah, Iowa in the fall, where he will pursue general
college studies.
We would like to
wish Stephanie, Zach and all the recent graduates happiness and success in
all their future endeavors.
Congratulations!
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