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The CMCU Connection A Newsletter from Central Minnesota Credit Union | Spring 2017

In This Edition...Annual Meeting Recap

New Mortgage Loans

Upcoming Events

2017 Scholarship Winners

CMCU on Facebook

CMFA Article

New CMCU Website

Spring Travel Guide

Car Buying Tips

Retirement Income Planning

Farming News with CMCU

Meet the CMCU Employees

Defensive Driving Schedule

Annual Meeting 2017 Recap Central Minnesota Credit Union hosted it’s 78th Annual Meeting on Saturday, March 18th at the Melrose Area High School. Reports were given by Fred Fleischhacker, Chair of the Board of Directors and Richard Odenthal, CEO of CMCU.

Members of the Board of Directors are:

Fred Fleischhacker – Chair

Mark Meyer – Vice Chair

Marv Hinnenkamp – Treasurer

Jim Mader – Secretary

Andrea Teal

Marty Mahowald

Steve Danzl

Thomas Homan

Sue Hecht

Members of the Supervisory Committee are:

Mark Olson – Chairperson

Eric Seanger

Craig Hiltner

New Mortgage Loans Our knowledgeable in-house mortgage specialists operate as a unified team providing you with faster decisions, better communication and local expertise.

CMCU offers a wide variety of mortgage products centered on you including first-time buyers, vacation homes, new construction, jumbo loans, veterans, and refinancing.

We are excited to announce we have recently expanded our home loan offering to include the following types of mortgages:

· VA: A mortgage loan guaranteed by the U.S. Department of Veterans Affairsto assist Veterans and their families obtain home financing.

· HomeReady® by Fannie Mae: Designed for credit worthy low to moderateincome borrowers, HomeReady offers expanded eligibility for financinghomes in low-income communities.

Central Minnesota Credit Union

78 th

Exciting Achievements!

GOLD

TM

6

This workplace has been recognized by the American Heart Association

for meeting criteria for employee wellness.

Fit-Friendly Worksite

A Newsletter from Central Minnesota Credit Union | Spring 2017

We are excited to announce that our CMCU website and Internet Banking portal is getting a facelift! In the near future the website will be upgraded with a new look, better security and the ability to log in to your account on all devices like your phone, tablet and desktop computer.

The updated website is easy to navigate. The navigation bar located at the top of the website is where you will find links to most of the sub-pages. In the middle of the page are quick links that direct you to a high-traffic page quickly and easily. Then we have a menu with additional useful information including news, events, applications, membership and a brief about us section. Lastly, at the bottom of the page is a footer with resourceful information where you can find our contact information, locations and career opportunities.

For internet banking, you will need to ensure you are running the latest version of your web browser. You can check if your web browser has available updates by looking in the help or settings section of your web browser. It’s important that you update your web browser prior to the Internet Banking upgrade as many features many not function properly with outdated browsers.

Check out our new look!

Scholarship WinnersThe 2017 CMCU Scholarship Winners have been selected. Congratulations to the winners and thank you to all who submitted entries!

$1,000 Video Scholarship Winners: Kourtney Fauk, Albany Mackenzie Fauk, Albany Kristen Bussmann, Melrose Tayler Dingmann, Melrose Josie Fourre, Albany Tara Ostendorf, Melrose Benjamin Blanchard, Detroit Lakes Amber Johnson, Paynesville Cally Roering, Melrose Jessica Kerfeld, Melrose Joshua Schlumpberger, Upsala Kalie Klaphake, Melrose Johnathan Ward, Rocori Delaney Anderson, Melrose Emma Meyer, Melrose

$500 Essay Scholarship Winners: Morgan Staloch, Osakis Ethan Willoughby, Holdingford Aryana Chellgren, Melrose Emily Weidner, Paynesville Maddysen Boecker, Melrose Benjamin Sullivan, Perham

Things to look forward to!

Breakfast on the FarmStearns County: June 3 - Kuechle Dairy, KimballMorrison County: June 10 - Roerview Dairy, UpsalaTodd County: June 24 - Hengemuhle Dairy, Long Prairie

CMCU Member Appreciation DayAlbany: Friday, June 9Avon: Friday, June 23 Belgrade: Thursday, June 8Cold Spring: Friday, July 28Freeport: Friday, June 2 & Friday, June 9Grey Eagle: Friday, June 16Holdingford: Friday, August 25Little Falls: Friday, June 16Long Prairie: Friday, June 9Melrose: Friday, June 23 Moorhead: Friday, June 9; Friday, July 14 & Friday, Aug. 11New York Mills: Thursday, July 6Paynesville: Friday, June 2Perham: Friday, June 16 & Friday, June 23Sauk Centre: Friday, June 16St. Joseph: Friday, August 18 Wadena: Friday, July 21

For more info go to mycmcu.org

The CMCU Connection | Spring 2017

Our New York Mills branch donated their yearly contribution of $700 to the New York Mills Elementary kindergarten class! The classroom uses these funds for supplies and activities.Pictured: Left, Jason Koch- Branch Manager in New York Mills and Blaine Novak – Superintendent for New York Mills ISD #553.

Our employees dressed in their festive “ugly” sweaters this past December!

CMCU hosted a Valentine’s Day Sweetheart Selfie Sweepstakes. LeAnne Tamm was the randomly selected lucky winner to take home a $100 Visa Gift Card! There were 253 sweetheart photos submitted. #feelthelove

See what else we have been up to!Festive CMCU Employees!

Valentine’s Day Sweetheart Selfie Sweepstakes

Troop 217 sold Girl Scout cookies in our Holdingford branch!

If you’re ready for a new car, make sure you’ll be happy with the deal you get. Here are some tips that pay off:

1. Decide a budget before shopping.Establish a designated amount to cover your carpayments as well as insurance and gas.

2. Get preapproved.With a preapproval, you hold the upper hand on pricenegotiation.

3. Do your research.Shopping at the right time can boost your chances ofgetting a better deal

4. Apply online today get started!mycmcu.org/apply

Car Buying Tips

The weather is warming up and that means travel season is near! Before you start your grand adventure, consider these financial tips:

1. Decide on a budgetPrepare for transportation, food, shopping, souvenirs,occasional splurges and unforeseen circumstances.

2. Notify your Credit Card IssuerAlert your card providers of your upcoming travel plans soyour account will not be flagged because of suspiciousactivity. To notify CMCU, call our Service Center or use cardservices in CMCU’s Mobile Banking App.

3. Lighten your walletOnly carry the cards you’ll be using on your trip. Alsoconsider using mobile wallets like Apple PayTM, SamsungPay, and Android PayTM.

4. Stay Secure!Always make sure your sensitive information remains safe.Take advantage of our mobile banking login. If your cardis lost or stolen, freeze it using Card Controls in the mobilebanking app.

Your Travel Guide

Dean Goebel, Financial Advisor

Stephanie Mayers, CRPC® Financial Advisor

Michael Schwieters, CRPC® Financial Advisor

Financial Advisors

888.597.4516 mycmcu.org/advisors

Central Minnesota Financial Advisors (CMFA)

Located at Central Minnesota Credit Union

Securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor. CBSI is under contract with the financial institution to make securities available to members. Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution. CHARTERED RETIREMENT PLANNING COUNSELOR (SM) and CRPC® are registered service marks of the College for Financial Planning®.Representatives are not tax advisors or Social Security experts. For information regarding your specific tax situation, please consult a tax professional. To discuss your specific SSA benefits questions, please contact the SSA office in your area. FR-1735117.1-0317-0419

Retirement Income PlanningThere’s a Big Difference Between Not Working and Not Worrying.Are you approaching retirement or already retired? If so, you should have a retirement income plan in place to meet your goals.

If you’re like most people, you concentrate on when you’ll retire. However, it’s much more important to think about how you’ll retire and how you’ll be able to have a steady income. A “hit or miss” plan for generating retirement income may prevent you from enjoying the stress-free retirement journey you’ve worked so hard for.

Ask yourself the following questions:· Am I financially prepared to retire?· How much income can I realistically expect from my

savings?· What sources of income should I draw upon and

when?· “ How do I know if my income will

last or run out?”· “ How should I handle the rollover of

my 401(k) plan?”· “ What about taxes, inflation, rising

healthcare costs, low interest rates,and a fluctuating stock market?”

The Central MN Financial Advisors serving Central MN Credit Union can work with you to answer these questions and build a plan for your retirement income that allows you to live without worrying about whether you’ll outlive your savings.

For more information, or to arrange a personal one-on-one retirement income planning consultation, call 888-597-4516.

Happiness is... a family road trip that actually feels like a vacation.

Having the right vehicle can make or break your vacation.

Visit one of 17 locations

Call us: 888.330.8482

Online at: mycmcu.org/apply

Auto loan rates as low as 2.68% APR.

Subject to credit approval. Membership qualification required. Rates based on past credit history. The rate reduction offered is based on a .25% discount for having a checking account and debit card and will be used to calculate the final Annual Percentage Rate (APR) to be assigned to a new loan. Does not apply to loans already financed with CMCU. Offer available through June 15, 2017. Rates subject to change without notice. Other restrictions apply. Ask for details.

A Newsletter from Central Minnesota Credit Union | Spring 2017

Defensive Driving Classes

Federally Insured by NCUA

888.330.8482 | mycmcu.org |

Holiday HoursCMCU will be closed on the following holidays:Memorial Day: Monday, May 29, 2017 Independence Day: Tuesday, July 4, 2017Labor Day: Monday, September 4, 2017Veteran’s Day: Saturday, November 11, 2017Thanksgiving: Thursday, November 23, 2017Christmas: Monday, December 25, 2017New Year’s Day: Monday, January 1, 2018

MelroseRegistration: (888) 234-1294May 17 [4-Hr] 5 - 9pm Melrose HS (Door 7)

PaynesvilleRegistration: (320) 243-7570May 2 [4-Hr] 1:30 - 5:30 pm Comm. Center

May 23 [4-Hr] 5:30 - 9:30 pm Comm. Center

Long PrairieSenior Center Registration (St. Cloud State to register): (888) 234-1294LP-GE Elementary (Door #S5) Registration: (320) 732-2282May 16 [4-Hr] 9:00am - 1:00pm Senior Center May 24 [4-Hr] 5:00pm - 9:00pm LP-GE ElementaryJune 8 [4-Hr] 1:30pm - 5:30 pm Senior CenterJuly 12 [4-Hr] 1:30pm - 5:30 pm Senior Center

Farming News with CMCU

Every farm operation is different. That’s why developing a marketing strategy is a key part to your business and essential part of your management. We connect with farmers about cost of production, risk-mitigation tools and how to effectively contract your commodities between profit and loss.

We are one of the top federally-insured ag lending credit unions in the country. Our ag experts will visit your farm to discuss solutions to your financial needs and the tools to efficiently manage your funds. CMCU is ready to help you and your business grow!

Meet the CMCU EmployeesChrista Provo Teller Supervisor

Branch: Little Falls

Time at CMCU: 4 1/2 Years

Hometown: Annandale, MN

Favorite part of working at CMCU: I love helping people! Coaching staff day by day to help them achieve their career goals as well as personal feats is incredibly rewarding. I get to be a part of their ever-growing experience as

they discover what fulfills them here at CMCU. Establishing relationships with members is also very important to me. Having someone you trust to talk to about finances can be hard to find. These relationships are so valuable to me. When an individual seeks me out to help them with their financial needs, I’m glad they find me to be a trusted resource that

will guide them in the right direction and help them overcome obstacles. Favorite Color: Every shade of purple

Favorite Movie: Mean Girls

Favorite Musician/Band: The Eagles

Hobbies: Hiking, camping, spending time with family and animals, singing too loudly in my car and exploring new places and cultures.

If you won a million dollars, how would you spend it? I would open my own rescue center for abused animals. As a “pet parent” of a rescue animal, I know firsthand the love and companionship rescue animals can offer to a family. A little patience goes a long way! My animals are one of the greatest blessings in my life, and I would want to share that with others.

The CMCU Connection | Spring 2017