Spring 2017
Med Park Credit Union
1200 S. Columbia Road
PO Box 6002
Grand Forks, North Dakota
58206-6002
Annual Meeting
Office Hours
Monday - Friday
8:30 a.m. - 4:30 p.m.
Phone: (701) 780-5733
Toll free: (866) 780-6728
Fax: (701) 780-1044
www.medparkcu.com
Donna Devine
Kelly Hagen
Diane Dewald
Kelly Grassel
Paul Edman
Darla Gunderson
Linda Butler
Credit Committee
Sheila Varnson
Jenni Senti
Lynne Hoverson
Supervisory Committee
Deb Abar
Linda Hoff
Deb Nelson
Staff
Cheryl Malm - CEO
Cindy Grohs
Sandy Haugen
Kenzie Vodden
Holiday Closings
Memorial Day
Monday, May 29
Federally insured by NCUA
Bring the whole family for supper and fun! We’ll have lots of prizes
for children and adults, including cash prizes for Bingo!
Save the Date!
$6 per ticket
(Please purchase your tickets by Friday, April 14th at the credit union. We do NOT
sell tickets at the door.)
The Credit Union
Difference
Chances are, no matter how young
your child is, she knows (at least in a
basic way) what a bank is. But does
she know what a credit union is?
Spend a little time discussing both
the similarities and the differences
between banks and credit unions in a
way that your child will understand.
Explain the difference between
being a member/owner and being
a customer. Explain the services
that are offered by both, how profit
works, and that credit unions are notfor-profit. Growing up with a clear
knowledge of the differences and the
benefits of credit unions will help
your child make informed decisions
when choosing a financial institution
as an adult.
Visa Credit Cards
If you are planning on going overseas
and will be using your MPCU VISA
credit card, please notify our office.
We will share this information with
VISA to ensure your card will work
while you’re overseas.
Tax Loan Special
As low as
Board of Directors
Thursday, April 20, 2017
5:30 p.m. at the EGF Eagles
Club
5.50%
APR
and 1-year payback!
Available through April 30, 2017
Remember...
Electronic Bill
Payment:
When using
Electronic Bill
Payment, there is
a limit of $5,000
payment per bill that can be
paid daily.
Check Cashing:
There is a fee of $10 for
cashing a check for anyone that
is not joint on your account.
Don’t look back - you’re
not going that way!
Credit Union Membership is Worth Hundreds
Did you know you’re saving money — maybe
hundreds of dollars a year —just by being a Med Park
Credit Union member? Credit unions typically charge
fewer and lower fees than other financial institutions,
according to the Credit Union National Association’s
(CUNA) latest membership benefits report.
Of course, the amount you save has a lot to do with
your financial habits and the number of Med Park Credit
Union products and services you use. On average, credit
union member households in the U.S. save about $159
a year.
Some of those savings comes from higher rates on
savings products. For example, according to CUNA’s
latest report, money market accounts at credit unions
earned an average interest rate of .18%, while the same
accounts at banks earned .09% interest.
Lower rates on credit cards also benefit the bottom line. CUNA reported that the average rate
for a classic credit union credit card is 11.70% versus 17.16% for a bank credit card.
Consider this: Financing a $25,000 new automobile for 60 months at a credit union will save
members an average of $171 per year in interest expense compared to what they would pay
at a banking institution. That’s approximately $855 in savings over five years.
Credit unions offer better value because they are not-for-profit institutions owned and
controlled by their members. Banks are owned by stockholders who want solid returns on
their investments.
Bottom line: If you’re looking for a safe place to save and borrow, without getting nickeled
and dimed to death, credit unions are the best deal — bar none. So visit Med Park Credit
Union to see how much more you can save by using our services.
You can be a good person with a
kind heart and still say no.
--Unknown
Spring is Coming!
Home Equity Line
of Credit Special
New Auto
as low as 2.15% APR
Used Auto
as low as 2.50% APR
New Recreational
as low as 3.15% APR
Used Recreational
as low as 3.50% APR
HELOC
5.00% APR
Visa
8.90% APR
Line of Credit
3.99%
*APR
Good in May, June & July
as low as 12.00% APR
Savings
0.05% APY
Checking
0.05% APY
6 month CD
0.20% APY
12 month CD
0.35% APY
Vehicle & Recreational Loans
New vehicles
as low as:
New recreational
as low as:
Used vehicles as
low as:
Used recreational
as low as:
2.15%
*APR
2.50%*APR
3.15%
*APR
3.50%*APR
Check out our website at www.medparkcu.com