your trusted financial partner

MeMBers’ QuarterlyTHIRD QUARTER • 2014

1419 North Second StreetIshpeming, MI 49849

(906) 485-5563www.trunorthcu.org

Member Appreciation Barbeque at the Cliffs Shaft Museum

Thursday, August 14th 11:00 a.m. - 1:00 p.m.

Free Hot Dogs and BratsFree Refreshments

Bounce House for Kids

Coming Soon !!!We are creating a new look for our Web Site. We will be

launching it soon!

It will be at the same address as always:

www.TruNorthCU.orgWe hope you like the improvements – let us know what

you think!

Please plan to join us at the Cliffs Shaft Museum Thursday, August 14 for our annual member barbeque.

Brats, hot dogs and refreshments will be served from 11:00 a.m. until 1:00 p.m. Free tours of the Cliffs Shaft

and Museum will be available for credit union members.

Rate APYRegular Savings 0.15% 0.15%Checking 0.00% 0.00%Money Market 0.20% 0.20%Share Drafts 0.00% 0.00%Christmas Club 0.15% 0.15%Vacation Club 0.15% 0.15%I.R.A. 0.95% 0.95%Kirby/Cu-Succeed 5.00% 5.09%$500.01 and over 0.15% 0.15%Save to Win 0.15% 0.15% (see us for details)

Certificates:6 month 0.25% 0.25%12 month 0.40% 0.40%24 month** 0.70% 0.70%36 month** 0.90% 0.90%60 month** 0.95% 0.95%

**Option to increase the rate one time during the term of the Certificate of Deposit if the

credit union’s rates increase.Annual Percentage Yield (APY) indicates actual interest earnings provided the entire CD balance and all dividends earned remain

on deposit for 12 months.Rates as of 6/19/14 and subject to change.

deposit rates

Main office

drive up: Monday - friday7:00 a.m. - 7:00 p.m.

lobby: Monday - friday8:30 a.m. - 6:00 p.m.

drive up/lobby: saturday9:00 a.m. - 4:00 p.m.

Branch offices

inside repuBlic township hall

Monday & Wednesday • 9:00 a.m. - 5:00 p.m.Friday • 10:00 a.m.- 4:00 p.m.

tuesday & thursday - closed

InsIDE WAlMART, U.s. 41 MARQUETTE

Monday-Friday • 8:30 a.m. - 7:00 p.m.saturday • 9:00 a.m. - 4:00 p.m.sunday • 10:00 a.m. - 2:00 p.m.

credit union hours

Quick Cash Payday AdvanceIf you are in need of money until your next payday or direct deposit, then Pay-

day Advance from TruNorth FCU may be the answer. With Payday Advance, you can receive a cash advance toward your next deposit to your credit union ac-count. It’s an inexpensive way to meet your short-term cash needs. The cost is just $25.00 and you can get your money at any office in any teller window. There are no applications to fill out and no waiting for your money. A Payday Advance allows you to bring your checking account negative up to $300 (if you need a higher advance limit, please let us know). You then have up to 30 days to replace the money in your account. Compare this to what “Payday” type lenders charge and you’ll find that this is much more cost effective, leaving more money in your pocket.

Find us on FacebookWant to get Facebook updates about the Credit Union? Just type “TruNorth

Federal Credit Union” in the search box on the top of your home page. After finding the page, “like” it. By doing so, updates from the Credit

Union page will get sent to your Newsfeed, where you’ll be able to fol-low our page at your own convenience.

First Time BorrowersIf you are 18 or over, have no credit history, and some monthly income you au-

tomatically qualify for a loan under our first time borrower program. Under this program, members with no credit history can borrow at least $5,000 without a co-signer to purchase a vehicle. Members also qualify for a VISA credit card of at least $1,000 or a $1,000 signature loan.

All you need to qualify for these loans is enough monthly income to make the loan payments. A general guideline our lenders use is that your monthly income should be at least twice the monthly loan payment.

10% Downpayment Home Loan

Our 90/10 loan program allows you to purchase a home with as little as 10% downpayment. This program saves you money because you do not need to purchase Private Mort-gage Insurance (PMI). Plus, you’ll en-joy our low, in-house mortgage rates on the majority of your loan balance. The portion of your loan balance in excess of 80% loan to value will be a separate loan at a slightly higher in-terest rate.

See us for full details.

Special Mortgage Rate

We are offering a special low 3.99% rate on our 5/25 mortgage. You en-joy a fixed rate of 3.99% for 5 years. After 5 years, the rate adjusts annu-ally based on Prime Rate. The maxi-mum rate adjustment per year after 5 years is 1.0%. If you’re thinking of purchasing a home you’ll save money with this rate. If your current mortgage has a higher rate, you may be able to refinance and save money.

Apply today and we’ll provide a free rate lock for six months.

Please see Kristin, Laura or Nicole for details.

loan rate discount Save .25% with Automatic payment on your loan. Loan rates are reduced by .25 if your loan payment is made by automatic transfer from your savings or checking account. This discount applies to all loans except VISA, Student Loans, Home Equity and Mortgage.

loan rates shown are already reduced by the .25%

signature - Any Purpose Loan(36 month term) 8.90% max. $20,000(60 month term) 10.90% max. $20,000VISA 11.90% max. $20,000Total combined signature loans and VISA may not exceed $30,000.

new Vehicles (no down payment needed)36 month 1.95%48 month 2.95%60 month 3.45%72 month 3.95% ($15,000 +)84 Month 4.45% ($40,000+)Maximum vehicle terms:New vehicles (15,000+) Up to 72 month financing used Vehicles (No Down Payment Needed)36 month 2.95%48 month 3.50%60 month 3.75%72 month 4.45% (classic/antique)84 month 4.95% (classic/antique)Maximum vehicle terms:2009 and newer models Up to 60 month financing2008 & older models Up to 48 month financing

new rv’s, Boats, Motorcycles, campers (no down payment needed)36 month 1.95%48 month 2.95%60 month 3.45%72 month 3.95%120 month 4.99% Fixed ($30,000+)Up to a 10 year loan term on new and used RV’s or boats. Rate is the same as new or used 60 month loan with a balloon payment after 60 months.

used rv’s, Boats, Motorcycles, campers (no down payment needed)36 month 2.95%48 month 3.50%60 month 3.75%

home equity credit lineRevolving 3.9% Introductory Rate for 36 months6.00% Variable rate (Prime Rate + 0)

share secured1.75% for up to 36 months3.75% any terms up to 72 months

Mortgage (any term up to 30 years)Down Payment 20%1 yr adjustable 3.50% 3/27 3.90%5/25 4.50%3 yr balloon 3.90%5 yr balloon 4.50%30 yr fixed call for current rateFixed Rate Secondary Market Mortgages, call for current rate.

Rates as of 6/19/14 and subject to change.

loan rates

Introducing TruNorth’s Mobile

App!Imagine being at the store and finding

that perfect item for your home. Not sure if you have the funds to cover the purchase? Just grab your phone and check your bal-ances on TruNorth’s brand new mobile app!

We’re thrilled to offer this brand new, state-of-the-art service to our members at no cost. All you need to get started is a smart phone and a Home Teller account. To sign up for Home Teller, please visit our website at www.trunorthcu.org/hometeller. Once you’re enrolled, just use your cell phone to visit the Apple or Android app store and search “TruNorth” to locate the app and download it—for free!

With our new Mobile Banking service, you’ll have secure, quick access to your account anywhere at any time.

• View your account balances

• Review transactions that have cleared your account

• Transfer funds between your checking or savings accounts

• Pay your bills

• Locate ATMs

Now you can take care of your city water bill while lying on the beach, or transfer money to your son away at college while out to lunch. With TruN-orth’s mobile app, you can enjoy all of the convenience of online banking in the palm of your hand.

To find out more information, or if you have any questions about using our service, call the main office at (906) 485-5563, or drop in any time to view a dem-onstration. As with all services that TruN-orth offers, you can rest assured that your information is safe and secure.

www.trunorthcu.org

Rev. April 2013

FACTS WHAT DOES TRUNORTH FEDERAL CREDIT UNION DO WITH YOUR PERSONAL INFORMATION?

Why? Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.

What? The types of personal information we collect and share depend on the product or service you have with us. This information can include: ● Social Security number ● Credit history ● Account balances ● Checking account information ● Payment history ● Wire transfer instructions

When you are no longer a member, we continue to share your information as described in this notice.

How? All financial companies need to share members' personal information to run their everyday business. In the section below, we list the reasons financial companies can share their members' personal information; the reasons TruNorth Federal Credit Union chooses to share; and whether you can limit this sharing.

Reasons we can share your personal information Does TruNorth Federal Credit Union share?

Can you limit this sharing?

For our everyday business purposes – such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus

Yes No

For our marketing purposes –to offer our products and services to you

No We don’t share

For joint marketing with other financial companies Yes No For our affiliates' everyday business purposes – information about your transactions and experiences

No We don’t share

For our affiliates' everyday business purposes – information about your creditworthiness

No We don’t share

For nonaffiliates to market to you No We don’t share

Questions? Call 906-485-5563 or go to www.trunorthcu.org

Privacy Model Disclosure VMP® Bankers Systems™ Wolters Kluwer Financial Services © 2010

PRIV-MODEL 8/1/2010

To Reorder Form: 1-800-552-9410 2012.1/1694 3687598-010 EPRV1694 Page 1 of 2

Page 2

What We DoHow does TruNorth Federal Credit Union protect my personal information?

To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. We also maintain other physical, electronic and procedural safeguards to protect this information and we limit access to information to those employees for whom access is appropriate.

How does TruNorth Federal Credit Union collect my personal information?

We collect your personal information, for example, when you ● Open an account ● Make a wire transfer ● Give us your contact information ● Show your driver’s license ● Pay us by check

We also collect your personal information from others, such as credit bureaus, affiliates, or other companies.

Why can't I limit all sharing? Federal law gives you the right to limit only ● sharing for affiliates' everyday business purposes - information about your

creditworthiness ● affiliates from using your information to market to you ● sharing for nonaffiliates to market to you

State laws and individual companies may give you additional rights to limit sharing. See below for more on your rights under state law.

DefinitionsAffiliates Companies related by common ownership or control. They can be financial and

non-financial companies. ● TruNorth Federal Credit Union has no affiliates.

Nonaffiliates

Companies not related by common ownership or control. They can be financial and non-financial companies. ● TruNorth Federal Credit Union does not share with nonaffiliates so they can

market to you.

Joint Marketing A formal agreement between nonaffiliated financial companies that together market financial products or services to you. ● Our joint marketing partners include CUNA Mutual Insurance Company.

Other Important InformationFor Alaska, Illinois, Maryland and North Dakota Members. We will not share personal information with nonaffiliates either for them to market to you or for joint marketing - without your authorization. For California Members. We will not share personal information with nonaffiliates either for them to market to you or for joint marketing - without your authorization. We will also limit our sharing of personal information about you with our affiliates to comply with all California privacy laws that apply to us. For Massachusetts, Mississippi and New Jersey Members. We will not share personal information from deposit or share relationships with nonaffiliates either for them to market to you or for joint marketing - without your authorization. For Vermont Members. We will not share personal information with nonaffiliates for them to market to you without your authorization and we will not share personal information with affiliates or for joint marketing about your creditworthiness without your authorization.

Privacy Model Disclosure VMP® Bankers Systems™ Wolters Kluwer Financial Services © 2010

PRIV-MODEL 8/1/2010

To Reorder Form: 1-800-552-9410 2012.1/1694 3687598-010 EPRV1694 Page 2 of 2

Have a safe and happy 4th of July!