00159448
Update
JANUARY 2016
More Articles
Inside:
•Golden 1 Center
•Five Common
Fraud Tricks
•Home Loans Q & A
•Annual Meeting Update
A New Year
A Fresh Start
We’d like to help you welcome 2016 with a fresh start to your
finances. We hope you enjoy our new newsletter design as we
continue to offer you our very best.
Last minute gift purchases and other unexpected expenses may have pushed
you over your holiday budget. The new year is a perfect time to take a look at
your finances and see where you can consolidate debt and get back on track.
Average household credit card debt is now topping $16,0001. Consolidating
your debt to our Golden 1 Platinum Rewards Visa® credit card can be an easy
tool to help you pay off debt faster. With no annual fee2, low-rates3, and cash
back rebates4 it can compete with any card in your wallet. Compare and make
the move with no balance transfer fees.
We’re here to help. You can visit golden1.com/creditcards or speak to a
Golden 1 Member Representative today to learn more.
1www.nerdwallet.com 2Other
fees apply. Cash advance either $5 or 2.5% of the amount of each cash
advance, whichever is greater. Foreign transaction fee up to 1% of each transaction in U.S. dollars.
3Annual Percentage Rate (APR) 7.79% to 13.79%. Subject to approval based on creditworthiness
or qualifications. 43% cash rebate is offered on net qualified purchases (less credits, returns and
adjustments), excluding cash advances and balance transfers, at eligible gas, grocery and restaurant
merchants. 3% cash rebate at restaurants does not include eating establishments such as quickservice restaurants. 1% cash rebate is offered on all other net qualified purchases (less credits,
returns and adjustments), excluding cash advances and balance transfers. Credit card accounts
closed prior to their monthly closing statement date forfeit all unpaid rebates earned during the
prior period. We reserve the right to change or discontinue this program.
A GOLDEN 1 CREDIT UNION PUBLICATION
We’ve Got the Answer
HOME LOANS
We’re speaking with Michael Popp, Vice President of Home Loans to answer your most
common questions about buying a home. Popp has over 20 years of loan experience and
oversees the credit union’s Home Loans division.
Golden 1 News: Is it a good time to buy a home?
Popp: Yes. Rates are still historically low and home prices
are starting to rise, so now is a good time to buy. Plus new
homes continue to be built, so there is a lot of inventory to
choose from.
Golden 1 News: What if someone can’t afford a 20% down
payment?
Popp: We can help. Golden 1 has numerous loan options
that reduce the amount of money members need to
purchase a home. We’ll work with you to find the best
solution possible.
Golden 1 News: What’s the benefit of getting a home loan
through Golden 1?
Popp: Our home loans team puts members’ needs first,
and ensures that applicants get the best value and
service possible. We have a dedicated team of Home
Loan Advisors to help members find
the best loan to fit their budget and
financial goals.
Golden 1 News: What is a Home Loan Advisor?
Popp: Our Home Loan Advisors are advocates for our
members, representing them throughout the home loan
process. Each advisor has extensive knowledge and
experience in the mortgage industry and strives to provide
the best service possible, identifying loan options and
ensuring the process goes smoothly and as quickly as
possible.
Golden 1 News: What is your favorite part of your job?
Popp: My favorite part is making people’s dreams come
true every day. We change lives, and I’m proud to be a
part of Golden 1 Credit Union.
CO-OP Branches
IRA Withholding Notice
YOUR CREDIT UNION AWAY FROM HOME
By federal law, you have the right to change your federal
and/or state tax withholding election for your Individual
Retirement Account (IRA) distributions at any time by
notifying us in writing. If you do not make any changes,
your previous selections will remain in place.
Over 5,000 CO-OP Shared Branches are available all
across the United States for you to do your banking when
you’re away from home. These CU Service Centers can
be used for most transactions of business you would
normally do at a Golden 1 branch*. To find a CO-OP
Shared Branch near you, visit golden1.com/locator and
click “Shared Branches”.
You are advised to seek advice from your tax professional
and attorney.
*Transaction or service restrictions may apply. See our Fee Schedule for
CU Service Center transaction charges.
golden1.com
EQUAL HOUSING
OPPORTUNITY
Federally insured by NCUA.
Equal Housing Opportunity
Update
JANUARY 2016
©2016 Golden 1 Credit Union. The information in this newsletter is as current as possible; however, the credit union reserves the right to add, change or delete
services, and all rates and terms are subject to change without notice. Please call our Member Service Contact Center or visit golden1.com to verify current rates
and terms. We reserve the right to correct printing errors. All third-party companies, products and service names used are for identification purposes only. All service
marks, trademarks and registered trademarks are the property of their respective owners. Golden 1 Credit Union NMLS# 669333
Annual Meeting of
Golden 1 Credit Union
The Annual Meeting of Golden 1
Credit Union will be held at the
Golden 1 Credit Union Headquarters,
8945 Cal Center Drive, Sacramento,
California, at 5:30 p.m. on Tuesday,
March 15, 2016.
ELECTIONS
Four members of the Board of
Directors and two members of the
Supervisory Committee will be elected
at the Annual Meeting. Nominees
recommended by the Nominating
Committees are:
BOARD OF DIRECTORS
James H. Gomez
Pedro R. Reyes
Ting Lan Sun
Keri L. Thomas
SUPERVISORY COMMITTEE
Diana C. Emanavin
Simplify Tax Season
Let Turbo Tax® simplify tax season and search over 350 deductions
and credits for you. We’ve teamed up with Love My Credit Union
Rewards to offer a savings of up to $15 on TurboTax® federal products.
Take advantage of this and other special member discounts at
LoveMyCreditUnion.org.
Also consider Direct Deposit if you are expecting a tax refund in 2016.
84 million Americans chose to use direct deposit for tax refunds last
year. This convenient and secure option can lessen the amount of time
you have to wait for your tax return. If you want your funds to go into your
Golden 1 checking account, use the account and routing number on the
bottom of your check book and don’t forget to double-check your entry to
avoid posting delays.
Carol A. Nelson
The number of qualified individuals
nominated for the Board or Supervisory
Committee is not more than the
number of positions to be elected.
In accordance with our Bylaws, the
Board of Directors may, without
further action, declare that these
nominees have been elected at the
Annual Meeting. This procedure will
be followed at the Annual Meeting on
Tuesday, March 15, 2016. Please note
this meeting will begin at 5:30 p.m.
Proxy Notice
Attend Free Financial Workshops
Golden 1 offers free Financial Workshops on topics that matter to you,
ranging from budgeting to purchasing a car. We’re happy to provide
information and learning tools to help you achieve your financial goals.
You can view free Financial Workshops online and register to attend
at golden1.com/achievegoals. Also check out the Video Workshops
which are available 24/7. Contact Golden 1 Member Education at
[email protected].
This Proxy Notice is provided to all members of Golden 1 Credit Union
(“Golden 1”) who have executed a Voting Proxy. Notice is hereby given
that the nature of each matter or group of related matters on which the
Voting Proxy may be voted by the Proxy Holder is as follows:
1. Election of Directors
2. Election of Supervisory Committee members
3. Amendments of the Bylaws of Golden 1, except as prohibited by law
4. Any other matters which may properly arise at either the Annual
Members’ Meeting or any special meeting of the members. Notice of
such matters shall be provided to the members in the notice of such
meeting.
Information about Voting Proxy online can be found at golden1.com/proxy.
Golden 1 Center
NOT JUST FOR BASKETBALL
Many may attribute Golden 1 Center as
only a sports venue but the new center,
which is set to open in October 2016, has
perks and benefits which go far past the
free throw line. Members will have access
to enjoy world-class events while visiting
California’s capital city. Golden 1 Center
is projected to bring 1.6 million visitors*
to downtown Sacramento each year.
Golden 1 Credit Union continues to follow through with a devotion to
investing in the future while growing and strengthening our communities.
*Source: www.nba.com/kings
California
Fun Fact
Sixty percent of the world’s tallest
trees can be seen along a 31-mile
stretch of Highway 101 called the
Avenue of the Giants.
www.avenueofthegiants.net
Pound of Pennies
Don’t Be Fooled
FIVE COMMON FRAUD TRICKS
Team up with us to protect your account and help stop fraud.
Look for these common fraud tricks over the phone, mail, or even
in person.
Anyone who:
1. Offers you guaranteed money from a grant
2. Guarantees you they have a fast and easy way to make money
3. Asks you for checking account information (especially over the phone)
4. Represents a company that does not provide refunds
5. Says they represent the government and has money making secrets
Be cautious when giving out your personal information and paying for a
product or service. For more fraud and identity theft prevention tips, visit
golden1.com/privacysecurity/fraud.
How much would 1 pound of pennies
be worth? The answer is between
$1.46 and $1.81.The one-cent coin
(aka penny) is now mostly made of
zinc and weighs approximately 2.5
grams each. Pennies minted prior to
1983, which were made mostly of
copper, weighed more at approximately
3.11 grams each.
Holidays
You can visit us anytime at golden1.com
or on our Golden 1 Mobile app. Our
lost, stolen, and fraud departments for
credit and debit cards are also available
24/7 at 1-855-345-8035.
Our branches and Member Service
Contact Center will be closed on
Monday, January 18, 2016 and
Monday, February 15, 2016.
View the full 2016 holiday schedule
at golden1.com/aboutus/holidays.
A GOLDEN 1 CREDIT UNION PUBLICATION