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Quarterly Interest The New Elk River Branch

is the official publication of Quarterly Interest

Greater Minnesota

171st Avenue
Hwy. 169 N
Spring 2007

To Milaca
Credit Union. Elk River To Anoka
Vol. 24 Issue 2

Dodge 
Ford Hwy. 169 / 10 East
Board of Directors
Bob Oehrlein Chairman “Discover the Difference”

Hwy. 101 S
To Rogers
Jason Horrigan, Vice Chair

Russell Mills, Secretary
Steven Ahlness, Treasurer Yale Court
Carl Anderson, Director President’s Report
John Sandy, Director
Dennis Schulz, Director As we begin our 73rd year of service to our member
Darla Stenstrom, Director --The  Most Frequently Asked Questions -- owners it is important to recall what a credit union is.
Credit unions are democratically controlled member
Supervisory Committee
Bill Pay owned financial institutions. Each member is allowed
Marjorie Olson, Chair one vote no matter how much money they have
 How do you enroll into Bill Pay: deposited in the credit union. Members elect a Board
Carol Allman Access your account on-line at Go to Bill Payment. Choose “Power Pay
Terry Dalbey of Directors that is responsible for setting the direction
Bill Payment”. The system will take you step by step though the process. Once you have
Jack Sahlstrom of the credit union and hiring the credit union’s CEO.
enrolled, you will need to wait 24 hours before making a payment.
The Board oversees :
Offices  What are the types of payment, and when are transactions processed? • The financial condition of the credit union
MORA There are two types of payment – CHECK and ELECTRONIC. If at any time the information • The operating policies of the credit union
112 S. Lake St. is not complete or inaccurate, the payment will default to a check method. CirCUs Club Rewards Program
• The investments of the credit union
Mora, MN 55051 The CirCUs Club Rewards Program rewards • The direction of the credit union
(320) 679-3863  How are Holidays and weekends handled? members for saving money. Kids age 0-12 can
Bills do not get processed on holidays or weekends. If a SCHEDULED bill payment falls on start collecting stamps on their Rewards Card to The Board annually appoints individuals to serve on our Supervisory
MILACA a holiday or weekend, it will be paid on the Friday BEFORE the weekend, or the last busi- keep track of points that they receive for deposits. Committee. This committee’s responsibilities are quite different from
400 3rd Ave. SW ness day BEFORE the holiday. They use those points to earn prizes. the Boards. They officially report to the Board but are independent of
Milaca, MN 56353 the Board. Greater Minnesota Credit Union is very blessed to have an
(320) 983-2511  Can an existing payee, that is already set up, be edited? Look for Double Rewards during National Credit outstanding group of Volunteers serving in their elected and appointed
The only thing that can be edited on an existing payee is the alias name on the account, Union Youth Week, which is celebrated April 23- positions.
ISLE and the account number. If the customer wants to change anything else, the payee must 27. We invite you to stop by your local GMCU of-
P.O. Box 697•390 Isle St. W. be deleted and re-entered. fice during that week and get the kids started on 2007 will be another exciting year for our credit union. After many years
Isle, MN 56342 the CirCUs Club Rewards Program. There will be of searching, we finally purchased real estate in Elk River upon which we
(320) 676-3607 treats, activities and prizes for the kids all week. will build our branch office. This location (see back page), very desirable
 How long does it take a payment to reach the payee?
For an ELECTRONIC PAYMENT, allow 3 to 4 business days from when the payment is sub- and convenient, is located on Highway 10 and highway 169, just east of
ELK RIVER Rewards Card highway 101. We are currently looking at a spring construction start and,
555 Railroad Dr. mitted. For a CHECK, the check will be in the mail on the same day the payment is submit-
ted, if it is entered before 12 noon CST. Allow 7 to 10 business days for a check payment. For every $10 you deposit you will get a stamp barring any delays, plan to have the facility open in December 2007. The
Elk River, MN 55330 on your Rewards Card worth 1 point (2pts. during members using the Elk River office and our staff will now have a state-of-
(763) 441-3842 (Just a note – we have no control over the U.S. Postal Service).
Youth Week). the-art facility that will be much more functional and accessible.

PINE CITY  Can customers place stop payments for Bill Pay checks? Bronze Level Save $50, or 5 points Our staff has several new and retooled services coming out this year. You
900 Main St. S. Yes. After the check is printed and mailed, the payment history will show the check num- Silver Level Save $100, or 10 points will see a more complete package of services put in place to meet all of
Pine City, MN 55063 ber for that payment. The stop payment would be added in the same manner as for a Gold Level Save $250, or 25 points our membership’s financial needs.
(320) 629-1178 regular check written out of the customer’s checkbook.
Questions & Answers Thank you for your continued support and loyalty. Credit unions present
1-800-808-2830  When are funds for payments deducted from the member’s account? Q: What prizes are available? the financial alternative to commercial banks that the American consumer
For an ELECTRONIC PAYMENT, funds are deducted from the member’s account the same A: Prizes are on display at all GMCU branches. needs, wants and deserves. You and your children are the future of the day that the payment is sent, if the payment is sent before 12 noon CST. Electronic pay- credit union movement. GMCU is here to serve you and your needs. Please
Hours ments submitted after 12 noon CST are deducted the next day during bill pay process- Q: What if I forget my Rewards Card? let us know how we can serve you more fully.
Monday-Thursday ing. CHECK payment funds are deducted from the account when the check clears the A: We can stamp and initial your deposit slip and
Lobby: 8:30 am-4:30 pm account. you can bring that with you next time to receive
Drive-thru: 8:00 am-5:00 pm your stamps.
Call Center: 7:30 am-5:00 pm
Friday Questions, please call the Call Center at 1-800-808-2830 and we will assist you. Q: What if I lose my Rewards Card?
Lobby: 8:30 am-6:30 pm A: Put it in a safe place so that you do not lose
Drive-thru: 8:00 am-6:30 pm Steve Ahlness, CEO/President
it. We will not be able to redeem your points for
Call Center: 7:30 am-6:30 pm prizes without your Rewards Card.
Drive-thru: 8:00 am-12:00 pm
Call Center: 8:00 am-12:00 pm
New ATM and CheckCards

7 7 7
7 year term Effective April 16, 2007, Greater Minnesota Credit Union (GMCU) Rate Watch
will expand its surcharge-free ATM network through the CO-OP
Network and its merchant Personal Loans
Identification Number (PIN) services Auto, New - 2005
7.00% apr* through Pulse. You’ll now have access
to over 400 ATMs in Minnesota and
............................(as low as) 5.89% APR*
25,000 nationwide that are surcharge- Boat & RV, New - 2005
free. ............................(as low as) 6.99% APR*

YEARS PERCENT THOUSAND 7,000 minimum This means that your current ATM or
Auto, Boat & RV, 2004-2000
............................(as low as) 7.99% APR*
CheckCard will not work after April 15,
2007, but the benefits with the new card will be great!
Cars. Boats. RV’s. Toys. Home Equity Loan. Home Improvement Loan. ............................(as low as) 11.99% APR*
Your new ATM or CheckCard will be in your mailbox the week of April Visa
If a low payment is what you need, we can help! Our Lucky Number 7 promotion allows you a longer term, so that your pay- 9, 2007. You will not receive both ............................(as low as) 10.99% APR*
ments can be lower. cards. If you have an ATM card,

With lower monthly payments, you can afford:

you will receive an ATM card like Mortgages
the one above. If you have a
CheckCard, your new CheckCard First Mortgage
car will look like the one to the right. Available through the secondary market. Please call us

for the most current rates.

nic PINs are generated automatically Home Equity

A by the issuer. You should receive ............................(as low as) 7.09% APR*
your new PIN about two days after you receive your new ATM or
Fixed-rate mortgages are available through the secondary
CheckCard. As an ID Theft security precaution, PINs are unknown market. For most current rates and information, contact
to Greater Minnesota Credit Union. GMCU has made every effort to Carey at 320-679-3863 or 800-808-2830 ext. 3863.
keep your PIN the same, however we cannot guarantee that this will
happen. We regret any inconvenience this may cause. Lowest rate subject to credit score and checking/auto pay
To activate your new card, just follow the instructions to which the
Improvements! cards are attached. Certificates
$500 minimum deposit.
For more information, contact our Call Center at 800.808.2830 or visit
any branch.
12 month.................4.84% APY**
18 month.................4.84% APY**
24 month.................5.05% APY**
Upgrade your 36 month.................5.20% APY**
Boat! GMCU’s 72nd Annual Meeting 48 month.................5.25% APY**
60 month.................5.35% APY**
Greater Minnesota Credit Union’s 72nd Annual Meeting *Annual Percentage Rate.
will take place: **Annual Percentage Yield.
Penalty for early withdrawal.
Rates are subject to change.
Day: Monday Agenda:
For most current rates, visit our
A Vacation Worth Date: April 16, 2007 • Annual Business Meeting Web site at
Remembering! Time: 7:00 p.m. • Light Meal
Place: Grace Lutheran Church • Prize Drawings
301 Forest Ave E
Mora, MN
Special Holiday Hours:
To get started on life’s little luxuries, give us a call at 800.808.2830, apply on line at or visit any branch.

•Memorial Day
We encourage you to attend and exercise your rights as a
Monday, May 28 - Closed
*APR = annual percentage rate. New Money Only. Fixed Term. Credit restrictions apply. All rates as-low as. Example,
Help the local Food Shelf. Please bring a non-perishable •Independence Day
$7,000 loan, 7.00% apr, 7 year term, your monthly payment would be approximately $105.65. Promotion can end at
any time. Cars, Boats, RVs and Toys must be 2005 or newer. Home Equity and Home Improvement loans 80% Loan- food item. Wednesday, July 4 - Closed