Fall 2014

UMCU’s 60th Anniversary Celebration!A publication of the University of Michigan Credit Union

UMCU Will aMAIZE You This Holiday Season!Get a head of the holiday season! Let UMCU help you save on your holiday spending with our Visa Credit Cards. Choose between a low interest rate card or one with a cash back bonus. Either way, you’ll be aMAIZEd!

Apply for your Visa Platinum OptimUM or Visa Platinum Cash Rewards online at umcu.org, by calling 734-662-8200 or by visiting any branch.

The University of Michigan Credit Union is celebrating its 60th anniversary on Saturday, November 8th! Over the years UMCU has grown from twelve members to more than 61,000 members. Our assets have grown from $9 to more than $570 million. Today UMCU proudly services its members at six Ann Arbor offices, one Ypsilanti office, a branch on the University of Michigan-Dearborn campus, and soon a virtual branch on the campus of the University of Michigan-Flint. With more than 30,000 CO-OP ATMs and over 4,000 shared branches nationwide, UMCU continues to serve its members across the country.

To celebrate 60 years of serving you, we have been awarding $36,000 in cash prizes throughout the year! Each month from March until December, four lucky members will win $600, and two members will win the GRAND PRIZE of $6,000 at the end of the year!

Thank you to all our members. It has been our pleasure to serve you!

*No purchase necessary. Must be 18 years or older to be eligible. Void where prohibited. For complete rules, visit umcu.org.

5th Annual Money War!The members of UMCU have been challenged by the Credit Union of Ohio to see who can collect the most money for charity. All monies will go to the Charles Woodson Clinical Research Fund at C.S. Mott Children’s Hospital. The fund provides money for research to advance the treatment of illnesses that affect children including but not limited to cancer, congenital heart disease, sickle cell and kidney disorders and developmental conditions like autism.

Last year, UMCU and its members raised $3,385.15 to benefit the Charles Woodson Clinical Research Fund and this year we’re seeking to double that amount with your help!

Each branch will have donation buckets in the lobby during the week of November 24th – 29th, or you can make a donation securely online at C.S. Mott Children’s Hospital by visiting giving.umich.edu/give/mott-woodson-umcu. Mark your calendar to contribute to this great cause!

New & Used Vehicle RatesRates as of September 17, 2014

Term APR Range*

Up to 36 months fixed 1.99% – 14.99%

37 – 48 months fixed 1.99% – 14.99%

49 – 60 months fixed 1.99% – 14.99%

61 – 72 months fixed 2.49% – 15.99%

73 – 84 months fixed** 4.24% – 17.24%

*APR is Annual Percentage Rate. Specific rates determined by credit history, term, and service relationships with the credit union. Additional rates and terms available.

**Some credit restrictions apply.

Certificate and IRA RatesRates as of October 1, 2014

Term

$500 Minimum Deposit $10,000 Minimum Deposit

Certificate APY* IRA APY* Certificate

APY* IRA APY*

6 month 0.10% 0.10% 0.20% 0.20%

12 month 0.20% 0.20% 0.30% 0.30%

24 month 0.35% 0.35% 0.45% 0.45%

36 month 0.50% 0.50% 0.60% 0.60%

48 month 0.80% 0.80% 0.90% 0.90%

60 month 0.90% 0.90% 1.00% 1.00%

Assets $572,312,291

Members 61,647

Box ScoresAs of August 31, 2014

*APY is Annual Percentage Yield. Rates are subject to change. Interest is paid and compounded monthly. There are interest penalties for early withdrawal.

There are higher rates for Certificate and IRA minimum deposits of $100,000 and above.

NOTE: Call 734-662-8200 or visit umcu.org for the most current rates. Rates are subject to change.

International Credit Union DayThis year's International Credit Union (ICU) Day will take place on Oct. 16, 2014. Our theme, ”Local Service. Global Good.,” emphasizes credit unions' positive impact in their communities and around the world.

ICU Day has been celebrated on the third Thursday of October since 1948. Its purpose is to reflect upon the history of the Credit Union Movement and promote its achievements. It is also a day to honor those who have dedicated their lives to the movement, recognize the hard work of those working in the credit union industry and show members our appreciation.

”ICU Day was established to acknowledge credit unions' strong base in their communities, both local and global,” said Brian Branch, World Council president and CEO. ”This year's theme champions the credit union model by shining light on the industry's support of charity causes at the local, national and international levels.”

This year, UMCU staff participated in United Way’s Day of Action, held a clothing drive for the benefit of House By the Side of the Road, a local Ann Arbor charity, raised funds, held a food drive and worked at the warehouse for Food Gatherers. UMCU staff also participated in Washtenaw County’s Relay for Life and the American Heart Association’s Heart Walk/5k run.

“As a credit union, we have a people helping people philosophy. We not only believe in helping our members create and maintain a healthy financial future, but we also believe in reaching out to our community and giving back.” says Harriet Hughes, Assistant Vice President of Community Relations and Education, University of Michigan Credit Union.

Member Education SeminarsUMCU is excited to offer you more educational seminars this fall from budgeting to retirement. Members who bring a non-UMCU member with them to any seminar will be entered for a chance to win a prize. To register for these free seminars, visit umcu.org. All seminars are held at our 4440 Jackson Road branch!

Medicare and Retirement Attend this complimentary seminar to learn more about the different types of Medicare coverage available as well as guidance on how to estimate and plan for health care expenses during the retirement phase of your life.

Wednesday, October 22nd, 6:00 p.m

Budgeting While Planning for RetirementKathryn Greiner will be discussing strategies and what to consider when planning for retirement. Also, Jay Hokanson will be covering the most effective way to fund your retirement with social security, employer retirement plans, and other investments. He will also discuss how important the distribution phase of retirement can be.

Wednesday, October 29th, 6:00 p.m.

Index Annuities and Real Estate InvestmentsCome learn how to invest in Index Funds with a level of downside protection. Blake Love from MetLife will discuss markets and these strategies. Also, learn about the opportunity to invest in commercial real estate with the #1 buyer of single tenant properties in the United States. Dawn Impellizzeri of Cole Capital will be discussing the latest outlook on commercial real estate investing and Cole’s current REIT offerings.

Wednesday, November 5th, 6:00 p.m.

‘Tis the Season – Holidays on a BudgetThis is a tender workshop that explores why we spend the way we do for the holidays. Join us in this discussion about making the holidays less materialistic and more meaningful and fun.

Saturday, November 8th, 10:00 a.m.

Market Update and Three Great Ways to Invest in 2015Join us for this seminar which will include a market update as well as some timely investment ideas for the market over the next 12 months.

Wednesday, November 12th, 6:00 p.m.

Holiday Closings

Office Locations

ANN ARBORE. William Branch333 E. William Located between Fifth Avenue and South Division Ann Arbor, MI 48104

Eisenhower Branch & Drive-In 305 E. EisenhowerAt S. Main Street in Burlington III Office Center Ann Arbor, MI 48108

Jackson Road Branch & Drive-In 4440 Jackson Road Ann Arbor, MI 48103

Michigan Union Branch 530 S. State St. – Lower Level Ann Arbor, MI 48109

North Campus Pierpont Commons Branch 2101 Bonisteel – Suite 1212 Ann Arbor, MI 48109

Plymouth Road Branch 2601 Plymouth Road, Suite C – Traver Village Mall Ann Arbor, MI 48105

DEARBORNUniversity of Michigan – Dearborn Branch 4901 Evergreen Road – 1197 University Center Dearborn, MI 48128

YPSILANTIEastern Michigan University Financial 761 Jenness StreetYpsilanti, MI 48197

Important Phone Numbers

Member Service Phone Center: 734-662-8200 or 800-968-8628

TellerPhone: 734-662-2533 or 800-96-TOUCH

After Hours Lost/Stolen Visa: 800-991-4965

Federally Insured by NCUA

All UMCU branches will be closed on: Thursday, November 27th, Thanksgiving Day

Wednesday, December 24th, Christmas Eve (closed at 1:00 p.m.)

Thursday, December 25th, Christmas Day

Wednesday, December 31st, New Year’s Eve (closed at 1:00 p.m.)

Thursday, January 1st, New Year’s Day

Campus branches, including North Campus Commons, Michigan Union and Dearborn, will be closed Friday, November 28th and Friday, December 26th through Thursday, January 1st.

You can always access your UMCU account through the CO-OP Network of ATMs, Go Blue Mobile Banking or through MemberNet Online Banking at umcu.org.

Happy Holidays!

Sponsored EventsUM Museum of Natural History

Center for the Education of Women (CEW)Join the Center for the Education of Women (CEW) on Saturday, October 18th at the Michigan League as it celebrates its 50th anniversary! The CEW will honor the achievements of CEW Scholarship recipients and the ripples they create in the larger world. The CEW Scholarship Program, for returning women students, was established in 1970 to honor the academic performance and potential of women whose education has been interrupted and to commemorate the one hundredth

Daniel BrennerAnnArbor.com

anniversary of the admission of women to the University of Michigan. Thanks to the generosity of individuals and foundations, the CEW has awarded over 1,500 scholarships since 1970.

Visit cew@umich.edu to learn more.

UMCU is proud to support and celebrate with The Center for the Education of Women as it celebrates its 50th anniversary!

UMCU and the UM Museum of Natural History are teaming up again this year for UMMNH’s Family Halloween Party. The museum’s dinosaur skeletons and fossils create the perfect backdrop for an entertaining and educational Halloween party, making it one of the most popular Halloween activities in the Ann Arbor area. This free event is on Sunday, October 26th, from 12:00 p.m. – 5:00 p.m. and is suitable for all ages. UMCU is proud to sponsor this fun and enlightening event. For more information, call 734-764-0480.