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learn EnduraFinancial.com | 1.800.533.4004

earn

Spring 2010

What’s the buzz about social media? Twitter, Wikipedia, Facebook and forums ... it’s hard to keep track of the new ways people are communicating these days. Social media is growing by leaps and bounds, so it doesn’t hurt to take a closer look at some of the tools available to help you connect with individuals and organizations online. The following is a brief overview of the many social media sites you can find on the web. SOCIAL NETWORKING: For business or pleasure, you can connect with coworkers, friends and high school classmates on social networking websites such as Twitter and Facebook. Post a tweet on Twitter to find the best pizza place in town. Post a message about your day and catch up with old friends on Facebook. Or become a fan of an organization to keep up to date on business news, product information and promotions. JOBS: In this economy, LinkedIn.com is a great way to get noticed by showcasing your resume and experience, broadcasting recommendations from colleagues or posting your expert opinions on discussion forums. Looking to get hired? Check out SimplyHired.com to get job trend data, salary info and personalized e-alerts of

Fun facts! FACT #1

Americans, on average, eat 18 acres of pizza a day. www.snapple.com

FACT #2

jobs that match your wish list. Next, once you’re actively interviewing, click to TheVault.com to see what employees are saying about your target company. And if your new job is in a different city, Trulia. com gives peer-generated information about neighborhoods, real estate transaction tips – and even show you up-to-theminute real estate listings.

TUNES: You may already listen to your favorite songs on your iPod with music from iTunes. Ready to expand the options? Try using Pandora.com and Last.fm to listen to personalized music based on the tunes you already enjoy. You can share your playlists, buy music online and get fresh suggestions as your musical taste evolves. Sounds good to us!

BUYING: Is it time to replace that old lawn mower? Or TV? Not sure what brand to buy? Amazon.com lets you peek at peer ratings of products, and offers suggestions based on the products you review. It’s online shopping made easy.

SCHEDULING: Need to figure out the family Lake House schedule for this summer? Google Calendar, 30Boxes and Yahoo! are easy ways to coordinate group calendars privately online. (Now, who’s bringing the potato salad?)

SELLING: Spring is coming … time to clean out that garage! Go with CraigsList. com to sell or give your junk away. Or, eBay is still going strong as a buyers – and sellers – market. Just post your price, and watch it go.

As you can see, there are countless ways you can start using social media. Log on and explore. Who knows, you might just unleash your inner online geek! And, over the next few months watch as Endura launches our Twitter and Facebook sites, along with our new eBlog at www.EnduraFinancial.com!

ANSWERS: Stuck on a question? Need an answer to that crossword clue? Try Wikipedia.com, with millions of entries updated by millions of members. Plus, research shows it’s as accurate as Encyclopedia Britannica.

A car operates at maximum economy, gas-wise, at speeds between 25 and 35 miles per hour. www.nicefacts.com

Submitted by areyoufrank.com EFFCU does not endorse any social media websites featured in the article.

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• Home Equity Loan vs. HELOC • eLife Checking update

• Invest in your passions. • Overdraft Protection gives peace of mind

• Connecting businesses with more than money • Rates


loans Home Equity Loan vs. Home Equity Line of Credit. When it comes to borrowing money, the options can be overwhelming. Tapping into the equity of your home may be a great option. Whether you are remodeling your home, building a cabin or planning a dream vacation, your home’s equity offers two major benefits: • Lower interest rates than most other forms of credit. • The interest you pay may be taxdeductible.* So which option is the best fit for you, a home equity loan or a home equity line of credit (HELOC)? Home Equity Loan. Also called a second mortgage, a home equity loan allows you to borrow a lump sum to be paid back in monthly installments over a specified period. You choose the amount you would like to borrow, close on the loan and receive a check for that amount. Once you

finish paying off your regular payments over the term specified, your home equity loan is paid in full. Home Equity Line of Credit (HELOC). Rather than receiving a lump sum, this option lets you borrow against a given credit line as you need it. A HELOC is similar to a credit card in this way, but the interest you pay may be tax-deductible.* If you take out a HELOC, you will close on it one time, but if you need to withdraw additional money in the future, you will be able to do so up to the value of the loan. If you borrow $50,000 from your HELOC, then pay back $10,000 over time, that $10,000 is available to draw again. Like a closed-end second mortgage, you continue making payments over time; however, you can draw additional money from the loan as long as you don’t exceed the total amount set up in the original HELOC.

checking Why pay them when we pay you? Skip the big banks and avoid paying monthly checking account fees! Open an eLife Checking account at Endura. Earn 4.50% APY*. Pay no monthly fee. Now that’s something to smile about. Note: Effective May 1, 2010, eLife Checking account requirements will be changing. While you can still enjoy 4.50% APY*, the eligible balance to receive 4.50% APY* will be determined by the direct deposit amount into your eLife Checking account. In addition, all other account requirements must be met. Direct Deposit Maximum Balance to earn 4.50% APY* $1-$499.99. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $5,000 $500-$999.99. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $10,000 $1000+. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $25,000 *APY = Annual Percentage Yield. Rates are subject to change. Account Requirements: Endura Financial Federal Credit Union (EFFCU) membership. $25 opening deposit for all checking accounts. Enrollment in Online Banking, eStatements and direct deposit. Must conduct at least twelve (12) debit card purchases per month, which must be posted to your account by the last business day of the month. Eligible balance to receive 4.50% APY will be determined by a direct deposit amount into eLife Checking account. Direct deposit between $1 - $499.99 per month, maximum eligible balance is $5,000.00 to earn the account rate; $500 - $999.99 per month, the maximum eligible balance is $10,000.00; $1,000.00+ per month, maximum eligible balance is $25,000. APY is .25% if requirements are not met. Balances in excess of maximum balance per direct deposit will earn .25% APY. Dividends will compound and be paid monthly. If account requirements are met, dividends will not be earned on other checking accounts under the same member number.

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This is banking redefined.

This is Endura Financial.

HELOC Visa®. At Endura Financial you can now access your money with a HELOC Visa® credit card. From today’s daily living expenses to this summer’s major purchases, our new Home Equity Line of Credit (HELOC) Visa® lets you conveniently borrow anytime, anywhere Visa® is accepted. And with no closing costs** or annual fees, it frees up even more cash for you. Contact an Endura Financial loan specialist today to learn about a Home Equity Loan vs. a Home Equity Line of Credit, and which option is best suited for you. Stop in to the branch nearest you, call 1.800.533.4004 or visit EnduraFinancial.com. * See your tax advisor regarding deductibility in your situation. ** Closing costs may apply if loan balance is paid in full within twelve (12) months or loan is less than $15,000 new money. Source: www.bills.com.


investing Invest in your passions. Endura Financial Federal Credit Union is proud to introduce Brad Melsa to our Investment Services department. As a qualified Financial Advisor, Brad provides credit union members with professional assistance, quality financial products and friendly, dependable service. Brad is a Registered Representative of CUNA Brokerage Services, Inc., a broker/ dealer with a select portfolio of securities products, such as mutual funds, and a member of FINRA and SIPC. Brad is also a licensed insurance representative of CUNA Mutual Insurance Society.

Brad Melsa Financial Advisor Endura Financial Investment Services 5825 Xerxes Avenue North Brooklyn Center, MN 55430 Phone: 763.302.3116 Fax: 763.302.6116 Toll-Free: 1.800.533.4004 brad.melsa@cunamutual.com

Call Brad today for more information or to arrange a meeting.

services Overdraft protection gives peace of mind. Endura Financial currently provides overdraft protection to qualified members. Members prefer having this service to avoid the embarrassment of having their debit card purchase denied at the grocery store checkout line, paying for prescriptions at the pharmacy or when picking up the check at a restaurant. A new regulation, passed by the Federal Government, effective August 15, 2010, will affect ATM withdrawals and debit card purchases as they pertain to your checking account and overdraft protection.

The new regulation requires all financial institutions to obtain your approval before allowing payment of your ATM withdrawals and debit card purchases that may create an overdraft in your checking account. Due to this government change, Endura Financial members will need to complete the enclosed opt-in form and return it to Endura Financial Federal Credit Union to continue receiving Overdraft Privilege. Members can also log on to EnduraFinancial.com to download the opt-in form. You may mail, email or drop

it off at one of our branches. Or call 1.800.533.4004 to speak with a Member Service Representative about the opt-in process. Please remember that action is required by August 15, 2010, to continue using the Overdraft Privilege service from Endura Financial. If you have any questions about this government change, please contact a Member Service Representative at 1.800.533.4004.

EnduraFinancial.com | 1.800.533.4004

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business services Connecting businesses with more than money.

Spring 2010 Endura Financial | Corporate Office 820 North Lilac Drive, Minneapolis, MN 55422

24-Hour Telephone Banking Conduct transactions anytime, anywhere with our automated phone bank. Call

You may think of EFFCU as just a place to

612.951.CASH (2274) or 1.800.547.5678, option 1.

withdraw and deposit your money. That’s

Telephone Service Center

a start, but a business banking relationship with Endura Financial can offer much more.

Need more assistance? Contact a

We can be a valuable resource in many ways,

Member Service Representative at

providing you information and linking you to

1.800.533.4004, option 1.

services available in the community.

Hours: 7:30A to 5:00P M-Th; 7:30A to 6:00P F

Brooklyn Center Branch

Because of our many contacts and con-

5825 Xerxes Avenue North

nections within the community, Endura

Brooklyn Center, MN 55430

Financial can direct you to local resources for things such as: special local government

Lobby: 9:00A to 5:00P M-Th; 9:00A to 6:00P F

loan programs, technical assistance for your

Drive-Thru: 8:00A to 6:00P M-F

business and developing business plans. If

Golden Valley Branch

your business needs an accountant, attor-

1885 Douglas Drive North

ney, real estate broker or other professional

Golden Valley, MN 55422

assistance, we have trusted names and phone

(North side of the Honeywell plant)

numbers to help you.

Lobby: 7:00A to 3:30P M-F Walk-up Teller Window: 7:00A to 3:30P M-F

As an integral part of this community, Endura Financial networks and forms partnerships with suppliers of all types of business

$50 jump start!*

resources, like Total Merchant Concept, a

Open an Endura Business account today

credit card processor and trusted source. We

and get a $50 gift card! Or, refer us to a

want to help your business succeed, and we

friend and you’ll both receive a $50 gift

are happy to put our network to work for you.

card! Plus, get your first set of business

Get in touch with Business Services today at 763.302.3042 or email

checks free. * Offer subject to business membership qualifications.

BusinessServices@EnduraFinancial.com.

Ridgway/Stinson Branch 2600 Ridgway Parkway Minneapolis, MN 55413 (Northeast side of the Honeywell plant) Lobby: 7:00A to 3:30P M-F

Shared Branching* Stop in and receive most Endura in-branch services at a different Credit Union’s branch location. Visit EnduraFinancial.com, click on “Locate Us” to find one near you.

Rates Current as of March 1, 2010, and are subject to change. Endura Financial membership is required. Visit our website at EnduraFinancial.com for a complete listing of our rates and yields.

ATMs** For a complete list of surcharge-free ATMs, visit EnduraFinancial.com and click on “Locate Us.”

Lending Annual Percentage Rates (as low as) Consumer Secured Loan (new and used autos)......................................................... 4.25%* Consumer Unsecured Loan...................................................................................... 9.95%* Home Equity Line of Credit..................................................................................... 4.00%**

information. View policy regarding Third Party Links and

Home Equity Adjustable-Rate Loan......................................................................... 4.00%**

Endorsements at EnduraFinancial.com/aboutus_policies.asp.

Home Equity Fixed-Rate Loan................................................................................ 4.99%* Mortgage rates change daily. Please contact Mortgage Services at 1.877.309.7676 or 763.302.3111 for today’s rates. All rates are subject to credit qualifications and approval. Actual rate based on credit applicant’s payment and credit history. Some term and loan-to-value restrictions apply. *Rate includes all available discounts. **Rate is variable with a floor of 4.00% APR and a ceiling of 18.00% APR. Minimum payment of $100 applies to variable-rate programs and a balloon payment may result. Closing costs, ranging from $150 to $1,000 may apply; talk to a Lending Sales Representative for complete details. Property insurance required.

Deposit Annual Percentage Yields (as high as) Share Savings Account (anticipated).......................................................................... 0.25% Get Ahead Savings Account........................................................................................ 2.00% Advantage Money Market Account............................................................................. 1.05% Premier Money Market Account................................................................................. 1.35% A penalty for early withdrawal may apply; fees may reduce earnings. Rates are variable. Share Savings: Minimum account balance to earn stated APY is $500; minimum opening deposit is $5. Get Ahead Savings: Minimum account balance and monthly contribution to earn stated APY is $500. Account is a tiered-rate account. Dividends are compounded and paid quarterly. Advantage Money Market: Minimum account balance to earn stated APY is $50,000. Account is a tiered-rate account. Minimum account balance is $2,500; otherwise a $25 fee will be incurred. Premier Money Market: Minimum account balance to earn stated APY is $100,000. Account is a tiered-rate account. Minimum account balance is $25,000; otherwise a $35 fee will be incurred. Dividends are compounded and paid monthly.

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* Endura Financial Federal Credit Union (EFFCU) cannot guarantee the accuracy of Shared Branching location

** Endura Financial Federal Credit Union (EFFCU) cannot guarantee the accuracy of non-EFFCU surcharge-free ATM location information. View policy regarding Third Party Links and Endorsements at EnduraFinancial.com/aboutus_policies.asp. This publication does not constitute legal, accounting or other professional advice. Although it is intended to be accurate, neither the publisher nor any other party assumes liability for loss or damage due to reliance on this material. Images may be from one or more of these sources: ©Thinkstock, ©iStock, ©Fotolia. ©2010 Endura Financial Federal Credit Union. Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the National Credit Union Administration, a U.S. Government Agency. Printed on recycled paper. Contains minimum 10% post-consumer waste.

Spring 2010 Newsletter  

Endura Financial Quarterly Newsletter

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