CREDIT UNION news                       MARCH 2010     

 

75 YEARS OF SERVICE

2010 marks a special milestone for your Credit Union- it is our 75th Anniversary! What humbly started back in 1935 with a group of employees from the People's Power Company has grown to a Credit Union with over 5,000 members and 48 million in assets. While we have grown over the years, our dedication to our members still, and will always remain our top priority. To help mark this special year, we will be celebrating each month with a 75th Anniversary special! Each month, we will have a special event, drawing or deal that you can enjoy.

March Special: For the month of March we will be doing a random drawing for ALL of our CU VISA cardholders. One lucky member will be selected to win 7,500 additional Scorecard Reward points! Scorecard Reward points are redeemable for merchandise and travel discounts.

April Special: Our official 75th Anniversary occurs in April, so to celebrate we will be hosting a special celebration at our office on Friday, April 9th. We will have refreshments and giveaways all day long. Please plan on stopping by- we would love to see you there!

JOIN US FOR THE ANNUAL MEETING

The 74th Annual Meeting of Gas & Electric Credit Union will be on Saturday, March 13th at the Quad City Botanical Center in Rock Island. A cash bar will open at 6:00 pm with the meeting starting promptly at 6:30 pm. Dinner will be served immediately after. As usual, there will be plenty of giveaways and door prizes.

If you plan to attend, please RSVP to the Credit Union by Wednesday, March 10th. You may do this by calling the Credit Union at 793-3610 or RSVP NOW ONLINE. We hope to see you there!

TAX PREPARATION INFORMATION

In January, we sent out 1099's to all members who earned over $10 in interest and 1098's to all members who paid more than $600 in interest per mortgage loan. If you paid less than $600 in interest on a mortgage loan, you interest is still tax deductible. Simply refer to your year-end statement.

If you're expecting a refund, you can get your money quicker by having it directly deposited into your account at the Credit Union- our routing number is 271188230. Don't forget that you can also file your taxes online with our TurboTax website!

EARN MORE GREEN- BE GREEN WITH OUR NEW CHECKING ACCOUNT!

With our new checking account, you truly can earn more green and be green at the same time. By saving your Credit Union money, we'll reward you with a very attractive dividend rate- 4.50%! There are just a few simple requirements:

  • Have your paycheck or retirement check direct deposited into the Credit Union.

  • Use your debit card for at least 15 purchases during the month.

  • Receive your monthly statement electronically through our home banking site.

That's it! If you meet the requirements every month, we'll reward you with a great dividend rate on balances up to $25,000- and we'll still pay the normal share draft dividend on balances over this. In addition, if you do not meet the requirements in a given month, you will still earn the normal share draft dividend. Sign up today and become a little greener with Gas & Electric Credit Union!

GET YOUR DEBT IN FOCUS

It's time to get your debt in focus. We have now partnered with a website that will help you do just that. Debt in focus is a free, anonymous website that provides you with a wealth of personalized information- such as your debt to income ratio and  payment schedules, and helps you develop strategies that will help you reach your financial goals. You simply need to answer some questions about your income and debt. Click here to start!

INVEST IN AMERICA--WITH YOUR CREDIT UNION

Planning on purchasing a new vehicle soon? Be sure to check out www.lovemycreditunion.org. When you purchase a GM or Chrysler vehicle, you will automatically be eligible to get $250 to $1000 back on your purchase, simply by financing with your Credit Union!

USE YOUR ATM MORE... FOR FREE

As a change to give more back to you- our members, we have changed our ATM policy. Members are now allowed up to 10 FREE ATM transactions per month (up from 5) at foreign ATMs before incurring a 75 cent fee.

Remember that transactions at our ATMs (at the Credit Union, in MidAmerican, the District of Rock Island and in Bituminous) are FREE and UNLIMITED. We are also a part of the Privileged Status Network of ATMs, so members may visit select ATMs without incurring a surcharge fee. CLICK HERE FOR THE QC AREA LIST or CLICK HERE TO VISIT SHAZAM AND LOCATE A PRIVILEGED STATUS ATM IN YOUR AREA.

 

 

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