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Reward Yourself with our VISA credit card
The
DIRECT
Line
Sept/Oct 2013
a communication to our valued members In This Issue
New Student Loan product
Home Sweet Loans
Save our credit unions
Free money management seminar
Fall Shred Day
APPLY NOW for our VISA credit card and take advantage of the
Extra $avings with these special limited time offers:
$
$
$
$
1,000 Bonus Rewards Points
if your credit card is approved by Nov. 30, 2013**
Special Rate of 6.9%APR*
on all Balance Transfers & Cash Advances
made Oct. 1, 2013 - Feb. 28, 2014
*the special rate is valid until the promotional balance is paid off!
Bonus Points!
*APR=Annual Percentage Rate. Promotional rate subject to qualification. For cash advances and balance transfers made between Oct. 1, 2013 - Feb. 28, 2014, the rate is valid until
the promotional balance is paid off. Any cash advances and balance transfers made after Feb. 28, 2014, will be at the Annual Percentage Rate documented on your statement.
**1,000 Bonus rewards points offer good for applications approved between Sept. 1 - Nov. 30, 2013. Learn more about Rewards Points and get details at www.membersalliance.org.
With the holidays right around the corner, fall is a great time to
choose a credit card that works for you. A MembersAlliance VISA
Platinum Rewards credit card offers low interest rates along with
other money-saving benefits including:
No annual fee
No balance transfer fee
No cash advance fee
Rewards points with every purchase that can be
redeemed for travel, merchandise, account credit
and more**!
If you already have our VISA credit card, consider transferring
balances from other higher interest cards using this special low
interest rate, and use the cash advance option for holiday shopping
or end of year purchases.
Our VISA credit card is just another way for you as a member to
reward yourself with cost-saving benefits.
Get your application online or at any of our convenient locations.
membersalliance.org Follow us on2
Students get the extra credit they deserve
In today’s world, there is no
debate about the importance
of a higher education.
Unfortunately, there is
also little debate about
the fact that students and
families are faced with ever-
increasing financial burdens
in trying to achieve their
education goals.
The cost of college education
has risen dramatically over
the last 20 years. This has
led to an ever-increasing gap
between what scholarships
and federal loans cover
and the actual cost of attendance. To fill that gap, millions of
students and families rely on higher-cost private student loans.
In hopes of meeting the educational financing needs of credit
union members, in August, 2013, MembersAlliance joined
with some of the nation’s leading credit unions to offer a new
private lending solution called Credit Union Student Choice.
“Credit unions exist first and foremost to meet the needs of
their membership, not to maximize profit by selling off loans to
Wall Street. We are very proud to offer a private student loan
solution that will deliver real value and meet a pressing need,”
said Chris Erickson, VP of Lending. MembersAlliance Credit
Union’s private education line of credit features include:
• zero origination or prepayment fees
• low interest rates
• in-school deferred payment
• graduated repayment option
• convenient line of credit
“The line of credit allows students to make multiple draws
over the course of their entire undergraduate career after
completing just one simple application,” said Erickson. “Most
importantly, we control the pricing and retain the ongoing
relationship with our members.”
Financial education is another key component of the program.
To learn more about MACU’s private student loan solution,
visit www.membersalliance.studentchoice.org. The website
provides in-depth information on all of the ways to finance a
college education as well as calculators that will actually show
you the numbers. Ask a loan representative for details.
If home sweet home is
your destination this fall, we
have a loan sweet loan for
you! Whether you’re buying,
looking to refinance, or just
in need of some extra cash,
MembersAlliance can make it
happen.
Rates are still low, and we offer all types of mortgage
loans at very competitive rates and low closing costs. Our
friendly loan representatives can assist in finding the right loan
for you, saving you money with easy payments and flexible
terms for an amount you can afford. Or, visit membersalliance.
org for helpful information.
If you’re looking to use the equity in your home to finance a
purchase, we have a great rates on our fixed home equity or
home equity line of credit loans, too. Fall is a great time to
look at this affordable option for home improvements, special
purchases or other needs.
As the leaves start to fall, come home to MembersAlliance for a
loan at rates you can live with. . . Sweet!
Home Sweet Loan for your Home Sweet Home
You Can Rely On Us! 3
Community Engagement is part of who we areThis year, MembersAlliance proudly celebrates 75 years of serving
and supporting this community. We’re greeting people all around
town, at events such as the Rockford Park District’s Sounds of
Summer music in the park concert series at Sinnissippi Band shell.
MACU staff greet
concert-goers!
pictured left to
right:
Diane James,
Chris Erickson,
Cheryl Sio,
Lorna Cote,
Lisa Keller
and Carrie
Herrmann
Like superheroes, credit unions--volunteer-run, member-owned
cooperatives--appear and serve in times of need.
Started in Germany 160 years ago while Europe was reeling from
the Great Famine, credit unions spread to the United States during
the early 1900s and earned their tax-exempt status from Congress
during the Great Depression.
More recently, credit unions were among the few financial
institutions standing strong after the subprime mortgage crisis
rocked Wall Street in 2008. In recent years hundreds of thousands
of Americans have transferred their checking accounts to credit
unions as consumers shunned the reckless and costly banking
practices that precipitated the Great Recession.
That the rise of credit unions happened in tandem with historic
events that proved ruinous for the economically disadvantaged is no
coincidence—credit unions were designed to help people in need.
But even as credit unions have proven more essential than ever,
Congress is considering revoking their tax-exempt status as part of
its overhaul of the tax code.
During an era of outrageous financial rewards for banking
executives, the credit union philosophy of returning profits to their
members through higher rates of return on checking and savings
accounts, lower interest rates on loans, and fewer fees should be
celebrated.
Instead, by eliminating the tax exemption, Congress would fail
to distinguish between credit unions and banks, even though the
history of credit unions demonstrate they exist to serve consumers
that for-profit financial institutions either can’t or won’t.
By focusing on service instead of explosive growth, credit unions have
remained steadfast, prudent managers of their members’ deposits
through good economic times and bad. But the loss of their tax-
exemption would weaken many of the benefits that make them a
vibrant financial alternative.
If that happens, the next time a crisis threatens and credit unions are
needed, there may not be as many around to answer the call.
Please visit www.donttaxmycreditunion.org to send a
message to Washington, and let our voice be heard!
Excerpts from…..Copyright 2013 Credit Union National Association Inc. Information subject to change without notice.
Money Basics: Making it work for you!In our continuing efforts to provide financial education
opportunities for our members and
community, we have scheduled
another free seminar this fall.
What: “Money Basics: Making it work for you!”
When: Thursday, Sept. 26 5:30 - 8:30pm
Where: Rockton Fire District community room
201 N. Blackhawk Rd., Rockton, IL
(just off Main St. by Rockton pool)
Who: Members & non-members Welcome!
Topics to be covered include:
-how to stretch a buck
-insider tips on increasing your
credit score
-checking account
management
-tips to help you save money
Heidi Berardi, Director of Education
& Community Relations for Family
Credit Management (FCM), will
present this helpful information.
If you’ve had some difficulties in
managing your finances, struggled
with keeping a bank account, or just need some good tips, this
class is for you.
ALL ATTENDEES WILL RECEIVE
A FREE copy of FCM’s premier
money management guide,
Personal Finance Made Easy. Refreshments will be served. For
more information, call our Rockton location at 815-484-1250.
FREE Seminar!
For the people, by the people
Prsrt StdUS Postage
PAIDRockford, IL
Permit No 781Main office 2550 S. Alpine Rd.Rockford 815.226.2260 Perryville branch6951 Olde Creek Rd.Rockford 815.484.1160 Inside Walmart3902 W. Riverside Blvd.Rockford 815.484.53507219 Walton St.Rockford 815.484.5345 4781 E. Rockton Rd. Rockton 815.484.1250
Calendar of Events Subject to change.
Fall Community Shred Day
Your deposits are insured to $250,000 per account.
This institution is not federally insured.
printed on paper from recycled components
membersalliance.org
Sept 19 Regional Business Expo - BMO Harris Center 2-7pm
Sept. 25 FREE Seminar: “Affordable Health Care Act: What
is changing with your insurance coverage this fall!”
6-7:30pm MACU S. Alpine location see insert pg.
Sept. 26 FREE Seminar: “Money Basics: Making it work for you!”
5:30-8:30pm Rockton Fire District bldg. see pg. 3
Sept. 28 Fall Community Shred Day 9am-noon
MACU S. Alpine location see pg. 4
Oct. 2 FREE Seminar: “Keys to Investing for Retirement”
11:30am-12:30pm MACU S. Alpine location see insert pg.
Oct. 9 FREE Seminar: “Keys to Investing for Retirement“
6-7:30pm MACU S. Alpine location see insert pg.
Oct. 14 Columbus Day - traditional offices closed
Oct. 16 FREE Seminar: “Affordable Health Care Act: What is
changing with your insurance coverage this fall?”
11:30am-12:30pm MACU S. Alpine location see insert pg.
You Can Rely On Us!
Why make it easy for thieves to get their hands on your
sensitive information? Thwart dumpster divers by shredding
papers containing confidential information, particularly:
anything with Social Security or account numbers
credit card offers & statements
ATM receipts
bank account statements
documents with PINs and passwords
items with your signature
medical records
pay stubs
canceled and voided checks
To help prevent identity theft, members and non-members are
invited to take advantage of this free service on Sept. 28 to
dispose of unwanted personal documents safely and securely.
Shredding is done on-site by Paper Recovery Service. A
maximum limit of 100 lbs. or 2 boxes per car is requested,
please, so that everyone can be helped.
Saturday, Sept. 289am - noon
MembersAlliance Credit Union2550 S. Alpine Rd. (by drive up)
Rockford
Sat., November 16: Teen Xtreme Credit Class 9am-1pm
basics of financial management for teen members age 15-17
December 9-14: 75th Anniversary Celebration - special events will
be scheduled at all MACU locations - details in Nov/Dec newsletter
Looking Ahead - SAVE THE DATES!!