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SHAREPOINT CREDIT UNION NEWSLETTERFALL 2010
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Today’s consumers have many choices as to where they do their banking. Technology has advanced signifi cantly and allowed the consumer to choose how, when and where they access their money and fi nancial institution. SharePoint strives to be convenient, offering our members choices and value to make banking with us easy.
SharePoint has saved our members money by offering free, easy ways to access their money without ever leaving the comfort of home or a computer. We pass savings to our members in the form of lower loan rates and higher dividend yields, as well as increased fi nancial services and personal service; providing the ultimate banking experience.
SharePoint introduced our new online branch at www.sharepointcu.com on Tuesday, August 3 to enhance online access to our members’ fi nances. The new site offers easy, seamless navigation. It showcases SharePoint staff, the real people who are here to serve you. The site offers easy access to all of our products and services 24 hours a day. We continue to enhance the functionality of our online Home Banking, and recently added features that allow you to receive E-Mail notifi cations for low balances, deposits and check clearing. Today, SharePoint members can perform all of their fi nancial transactions within our online branch.
Calling SharePoint is equally convenient, with real people answering the phone and providing convenient solutions. While many businesses force you to go through recordings and prompts, SharePoint Representatives assist you by phone, checking balances, answering questions or adding additional products and services. Call us anytime at (952) 930-0700 or (800) 752-3494.
Easy access to your fi nances is imperative. You can access your funds with the SharePoint Visa debit card at no cost, within our ATM network and Instant Cash. We offer ATM locations across the county and in your neighborhood. You can also request cash back at many retail locations where you see the STAR Network by choosing the debit option during your purchase, with cash limits based
on the merchant.
It is our goal to offer you true convenience by providing you with easy access to your funds and a variety of choices that fi t your personal situation. I invite you to compare us with your other fi nancial resources and fi nd the many ways we could be saving you time and money, and receive the personal service that you deserve. Sincerely,
Phillip A. Kopischke President & CEO
The CEO’s Corner
Real People. Easy Solutions.
At SharePoint, we strive to offer you the best value and convenience for all of your fi nancial needs, partnering with businesses that enhance and compliment the fi nancial services we offer, such as Vehicle loans. SharePoint is excited to announce a partnership with MN DealerDirect, offering access to an exciting auto-buying opportunity at partner dealerships throughout the Twin Cities, including many that are right in your neighborhood. Through MN DealerDirect you will receive the lowest price on new and used vehicles simply by stating that you belong to SharePoint.
To kick off our new partnership with MN DealerDirect, we are having an auto sale during the entire month of October!
SharePoint Auto Sale
$500 Trade In Bonus Plus Test Drive for a Chance to Win
(952) 930-0700 or
(800) 752-3494
St. Louis Park
or West St. Paul Branch Locations
www.sharepointcu.com
[email protected]
• A special low rate as low as 4.29% APR* and 1% cash back at closing.
• Test drive a vehicle and be entered into a drawing for exciting prizes.
• Receive a $500 bonus for your trade in.
• Ability to process your loan directly at the dealership.
Take advantage of these special savings now through October 30, 2010.
Benefi t From:
TAKE A TEST DRIVE FOR A CHANCE TO WIN! 1st Prize: $1,000 Visa® Gift Card
2nd Prize: 42” Flat Screen TV 3rd Prize: $250 Gas Card *APR = Annual Percentage Rate. 1% rebate will be deposited into your SharePoint account. $500 trade in bonus will be applied directly to your new loan. Your rate
may vary and will be determined by your credit history. Off er subject to credit approval and may require income verifi cation. Off er is not intended for refi nancing of existing SharePoint loans. Additional loan rates and terms are available. Rates and terms are subject to change. Cannot be combined with any other off er. An example of a 5 year fi xed-rate monthly payment at 4.29% would be 60 monthly payments of $18.56 per $1,000 borrowed. Off er ends 10/30/10. **Test Drive Drawing Rules: Must test drive a vehicle at a MN DealerDirect dealership. No purchase necessary to enter. Void where prohibited. Must be 18 years of age or older to enter. Winner will be responsible for any related taxes or restrictions according to MN laws. Promotion starts 10/1/10 and ends 10/30/10. Test drive must be completed by 10/30/10.
Value Proposition- Vehicle Loans
Compare SharePoint’s Vehicle Loans to Other Local Financial Institutions
Other Financial Institution SharePoint Credit Union
Loan Amount $20,000 Loan Amount $20,000
Loan Rate 5.99% APR Loan Rate 4.29% APR
Min. Monthly Pymnt $386.56 Min. Monthly Pymnt $370.95
Interest Paid over 5 yrs $3,193 Interest Paid over 5 yrs $2,257
Refi nance Savings $936
Cash Back $200
Total Savings $1,136
How You Will Save With SharePoint:
How much could you be saving by refi nancing a current vehicle loan from another fi nancial institution to SharePoint? This example illustrates an over $1,100 savings on a typical Vehicle loan refi nance.
Real People. Easy Solutions.
1st Prize: $1,000 Visa® Gift Card
2nd Prize: 42” Flat Screen TV 3rd Prize: $250 Gas Card
Member Appreciation Days
October 21 - 23, 2010
Members are invited to attend SharePoint’s 2010 Member Appreciation Days, Thursday, October 21 through Saturday, October 23. Please join us at our branch locations in St. Louis Park and West St. Paul to celebrate you, our members. Stop by, meet with staff and enjoy popcorn, cookies, apple cider and coffee.
While you are enjoying your snacks, take advantage of these special events taking place: Drawing for Great Prizes
During Member Appreciation Days come in and be entered into a drawing for: 1st Prize: Penn Cycle Trek Lime Bicycle ($500 value)
2nd Prize: Kindle Wi-Fi Reader 3rd Prize: iPod Shuffl e
Pumpkin Carving Contest
Pick up a free pumpkin** during Member Appreciation Days and send in, E-Mail or drop off pictures of your carved pumpkins by October 30th for a chance to win a $50 Visa® Gift Card. If you can’t make it in to pick up a pumpkin, you can still enter. Just send in a picture of your carved pumpkin and you’ll be entered to win!
Include your Name, Member Number and Phone Number with your picture and send them to:
Mailing Address: P.O. Box 4280, Attn: Marketing, Hopkins, MN 55343
E-Mail: [email protected] (picture attachments must be reduced to 80KB or smaller) Shred Day
Do you have old statements or other confi dential documents sitting around you need to have shredded? Join us for Shred Day! Bring in everything^^ you’d like to have shredded on Friday, October 22 from 9am - 1pm at the St. Louis Park branch. This is a great opportunity to get rid of your unwanted paperwork. Sign up for eStatements while you are there and get rid of this unwanted paper for good!
Visit www.sharepointcu.com for more information on this exciting event.
* Giveaway Rules: No purchase necessary to win. Void where prohibited by law. No cash value. Contest starts 10/21/10 and ends 10/23/10. A winner will be chosen on 10/25/10. Winner will have until 11/1/10 to claim their prize or another winner will be chosen. Winner responsible for picking up their prize from the branch.
** Limit one pumpkin per member. Pumpkin Carving Contest Rules: No purchase necessary to win. One entry per member. Void where prohibited by law. Contest starts 10/21/10 and ends 10/30/10. Pictures dropped off at branch locations must include name, member number and phone number. A winner will be chosen at random on 11/5/10. If the winner does not claim their prize by 11/12/10 a new winner will be chosen. Winning picture and member’s name may be featured on the SharePoint website.
^^Shred Day Restrictions: Only 2 grocery bags allowed per member
Chance to Win a 2 Night Weekend
Package at Cragun’s Resort on Gull Lake
You could win a 2 night getaway at Cragun’s Resort on Gull Lake just for referring new members or opening new products.
When you refer new members to SharePoint or open a new product by October 30, 2010 your name will be entered into a drawing for a 2 night weekend package at Cragun’s Resort. You can earn additional entries into the drawing by expanding your relationship
with products like an Advantage Checking
account or SharePoint Visa® credit card.
Each loan or deposit product you open qualifi es you for additional entries into the SharePoint Cragun’s giveaway!
Contact us today to fi nd out how you can be entered to win!
(952) 930-0700 or (800) 752-3494 www.sharepointcu.com
St. Louis Park or West St. Paul
* No purchase necessary to enter. Void where prohibited. Must be 18 years of age or older to enter. Winner will be responsible for any related taxes or restrictions according to MN laws. Promotion ends 10/30/2010. Drawing will take place on 11/1/10. The winner will be contacted by phone. The winner will have until 11:59 pm on 11/5/10 to claim their prize or another winner will be announced.
Real People. Easy Solutions.
Real People. Easy Solutions.
Introducing the New
www.sharepointcu.com
SharePoint Reserve Line
Are you one of the many members who use our e-branch for your fi nan-cial transactions? SharePoint’s Internet Banking is an easy way to conveniently perform fi nancial transactions anytime, anywhere.
We are pleased to introduce a newly designed website which reinforces our commitment to Real People, Easy Solutions. The new site offers seamless navigation and intuitive product information featuring pictures of real SharePoint employees. Our redesigned website offers you better access to your fi nances, saving you time and money.
Visit the new website at www.sharepointcu.com. We hope it will offer real value to you, enhancing your banking experience with SharePoint and providing more solutions to your fi nancial needs.
Easy and No Annual Fees
Get more from your Advantage Checking account with a Reserve Line of Credit from SharePoint. A Reserve Line of Credit is a preauthorized credit limit assigned to your Advantage Checking that gives you fi nancial freedom and the security of overdraft protection.
Reserve Line of Credit can help prevent overdraft fees and checks being returned Non-Suffi cient Funds. Benefi t from:
• Reserve Lines from $100 - $5,000, depending on your credit qualifi cations.
• Automatic payments from your Advantage Checking account on the 10th of every month. • Cash options: You can write yourself a loan
from your checking account to pay bills or make purchases.
• Use it again and again without reapplying. SharePoint offers the best checking account in the market; easy, fl exible and convenient. Add the Reserve Line of Credit to your Advantage Checking account today by phone at (800) 752-3494 or apply online at www.sharepointcu.com.
Online BillPay Is Free and Easy
(952) 930-0700 or (800) 752-3494
St. Louis Park or West St. Paul Branch Locations
www.sharepointcu.com
Does today’s busy lifestyle leave you without time to do the things you want to do? You can save time and money by eliminating the hassles of writing checks with SharePoint’s free BillPay!
Benefi ts of using BillPay
• Easy: Pay online from your Advantage Checking
• Free: Save money on postage • Convenient: Control how and when
you pay your bills
• Choice: Set up one time or recurring payments, as well as in advance • Flexible: Pay just one bill or several
bills at once
• Seamless: Easy to set up, edit or delete payees
• Intuitive: Receive an E-Mail reminder for payments made in advance
• Secure: View history of bills paid
How BillPay Works
If you already have an Advantage Checking account, simply login to Internet Banking, click on the BillPay link and complete the enrollment form. Once you receive a confi rmation E-Mail that your BillPay service is active, you can begin entering payees and scheduling payments. It’s that easy.
Don’t have an Advantage Checking account? Apply for one today!
Real People. Easy Solutions.
St. Louis Park or West St. Paul Branch Locations
www.sharepointcu.com
Take Your Home’s Equity In Your Hands
3.99% APR* Home Equity Loan & $100 at closing
(952) 930-0700 or (800) 752-3494
St. Louis Park or West St. Paul Branch Locations
www.sharepointcu.com
* APR = Annual Percentage Rate. Additional Home Equity products, loan rates and terms are available. Rates and terms are subject to change. All loans subject to credit approval and may require income verifi cation. Your rate may vary and will be based on credit history. For additional terms and conditions, please refer to the full rate disclosures on the back. Cannot be combined with any other off ers. Off er ends 11/30/10.
$25,000 Loan Term Annual Percentage Rate Monthly Payment
Home Equity Loan (Fixed-Rate 80% LTV) 5 Years 10 Years 15 Years 3.99% 4.99% 5.99% $460.30 $265.04 $210.83 Home Equity
Loan (Fixed- Rate 100% LTV)
10 Years 9.00% $316.69
Contact our Financial Service Representatives today for your
Home Equity solution. Hurry! This offer ends November 30, 2010!
Sample Home Equity Payment Chart
Are you looking for fi nancing at a low rate? A SharePoint Home Equity loan may be your perfect solution. Home equity loans greatly benefi t you by providing much needed money for things like home improvements, school fees and medical expenses just to name a few.
Now through November 30, 2010, you will benefi t from a SharePoint Home Equity loan as low as 3.99% APR plus $100 at closing. A SharePoint Home Equity loan offers great rates, fl exible terms and convenient access to the funds you need to accomplish your goals and dreams.
(952) 930-0700 or (800) 752-3494 www.sharepointcu.com
St. Louis Park or West St. Paul
Win a Trip to Super Bowl XLV with SharePoint Visa
® Dream of going to the Super Bowl? Now, every timeyou make a purchase with the SharePoint Visa credit card, you could win a trip to Super Bowl XLV! The more purchases you make with your SharePoint Visa, the more entries you get for a chance to win.
One Grand prize winner will receive a prize package courtesy of Visa:
• 2 Tickets to Super Bowl XLV in North Texas • Round-trip airfare for 2
• Hotel accomodations for 4 nights • And much more!
You will automatically be entered for a chance to win every time you sign for a purchase with your SharePoint Visa credit card from September 1 - November 30, 2010. For complete details, visit
www.sharepointcu.com/specials.asp
P.O. Box 4280
Hopkins, MN 55343
Check Out Our Rates!
IMPORTANT
Notifications
IN THIS
Issue
SharePoint is one of the top four safest places to bank-
Mpls Business Journal & NCUA
The CEO’s Corner
MN DealerDirect Partnership Member Appreciation Days Cragun’s Weekend Giveaway New SharePoint Website Online BillPay: Free & Easy SharePoint Reserve Line
Home Equity Loans at SharePoint Win a Trip to Super Bowl XLV
Notable Dates:
Member Appreciation Days October 21 - 23
Closed on Veteran’s Day Thursday, November 11 Closed on Thanksgiving Thursday, November 25
Closing at 1:00pm on Christmas Eve Friday, December 24
Closed on Christmas Day Saturday, December 25 Closed on New Year’s Day Saturday, January 1
Do we have your current E-Mail address?
Contact us at (952) 930-0700 or (800) 752-3494 to update your information and be the first to know of special promotions and news! SAVINGS Share Savings $5.00 and above Money Market Up to $4,999.99 $5,000 - $9,999.99 $10,000 - $24,999.99 $25,000 - $49,999.99 $50,000.00 and over Advantage Checking Certificates of Deposit (CDs) 6 Month .60% APY 12 Month .90% APY 18 Month 1.00% APY 24 Month 1.30% APY 36 Month 1.60% APY 48 Month 2.00% APY 60 Month 2.30% APY
*APY= Annual Percentage Yield. Minimum amount required to open a Certificate of Deposit is $500. Early Withdrawal Penalty: 1 year or less will equal 90 days of interest on the amount withdrawn subject to penalty, and over 1 year will equal 180 days of interest on the amount withdrawn subject to penalty. Money Market account dividends are calculated on the average daily balance and paid monthly. Rates subject to change without notice. Rates effective 10/1/10.
LOANS
Home Equity Loan (80% LTV) 3.99% APR** Home Equity Line of Credit (80% LTV) 3.25% APR Vehicle Loans 4.29% APR Recreational Loans 5.50% APR Platinum Visa® Credit Card^^ 8.90% APR
Classic Visa Credit Card^^ 12.90% APR Holiday Dollars 8.90% APR
**APR = Annual Percentage Rate. Subject to credit approval and may require income verification. Your rate may vary from the above rates and will be determined by your credit history. Home Equity Line of Credit (HELOC) has a variable rate indexed to the Prime rate. HELOC APR will never exceed 21.75%, and will never exceed the highest allowable rate for this type of agreement as determined by applicable state or federal law. SharePoint will pay for all closing costs, excluding the costs associated with mortgage registration tax and appraisal. Average mortgage registration tax is between $10 and $500. The average appraisal cost is between $150 - $400, but actual costs may vary by appraisal company and will be the responsibility of the member. Home equity loans may only be written for homes in MN and WI. Loan rates apply to new loans and are not intended for refinancing of existing SharePoint Credit Union loans. Home equity loans that are paid off within the first year will be charged an early payoff penalty. Additional loan rates and terms are available. Rates and terms are effective 10/1/10 and subject to change.
^^Subject to credit approval and may require income verification. Applicants who do not qualify for the Platinum Visa will be automatically considered for the Classic Visa. Visa Cash Advance Fee: 1% of the transaction amount, Late Payment Fee: $25, Returned Payment Fee: $20, Copy of Charge Slip: $2. Rates and terms are effective 10/1/10 and are subject to change.
.40% APY* .15% APY .40% APY .40% APY .50% APY .70% APY .80% APY
