INSIDE
SKIP-A-PAYMENT
Skip your loan
payment and keep
the cash for the
holidays
JUST IN TIME FOR
THE HOLIDAYS!
Christmas Club
Account deposits
coming in October
O C T O B E R
2 0 0 8
V o l u m e
2 0
I s s u e
4
ALERT TO
Missouri Central Credit Union
1931-2008 • 77 Years of Member Service
Thanks for being a Missouri
Central Credit Union member/
owner!
financial cooperative whose
only purpose is to serve you,
our member/owners.
Simply put, that’s what
Member Appreciation Month
is all about. Missouri Central
Credit Union is a not-for-profit
To thank our 9,000 member/
owners for their loyalty to
MCCU over the last 77 years,
we’ve come up with these
.77% Bonus Interest
.77% OFF
On any new 7 Month
Certificate of Deposit
Minimum Deposit of $700
On your next Auto, Motorcycle,
or Recreation Loan
Offer good on new deposits.
Some restrictions apply. Call for details.
Offer good 10-1-08 through 11-15-08.
Hey Kids!
Get $7.77
when you open a new
Buster Bear Account
Offer good 10-1-08 through 11-15-08.
THE INTEREST RATE
Offer good 10-1-08 through 11-15-08.
$77 OFF
A new GAP Policy
Regularly $249
Now $172
TRAVELERS
special SUPER SEVEN offers and
a prize drawing as a token of appreciation. And, we encourage our
member/owners to use even more
of the credit union’s services.
In conjunction with our SUPER
SEVEN Member Appreciation
specials, all members are eligible
to enter the Member Appreciation
prize drawing for a 32 inch LCD
TV. Stop by the credit union to
enter or return this entry form.
REGISTER TO WIN
a 32 inch LCD TV in our
SUPER SEVEN Member
Appreciation Drawing.
Name
Member Number
Offer good 10-1-08 through 11-15-08.
Not applicable on current MCCU Loans.
Call for details.
Offer good 10-1-08 through 11-15-08.
Get up to $77
When a new e.checking,
Premier e.checking, or Watevr
Checking account is opened.
Some restrictions apply. Call for details.
Offer good 10-1-08 through 11-15-08.
fraud during your
vacation
MOVING?
Be sure to inform
MCCU about your
new address
HOME EQUITY
Put the equity in your
home to work for you
CU PARK.N.SELL
Sell your used vehicle
in our parking lot
enterprise
ultimate tailgate
Daytime Phone
We’ll Beat Your
Current Loan Rate
by 1.77%
Protect yourself from
MCCU will make
your car payment
Email Address
I would like a Member Service Representative to contact me with information about an additional service.
oYes
oNo
through 2008
PRIVACY NOTICE
D E P O S I T
Regular and IRA Certificates of Deposits
Subject to Change Weekly
Rates as of September 24, 2008
Compounded Quarterly
Small Saver Certificates - $500 Minimum
Interest
Rate
6 to 12 Month Terms
12 to 24 Month Terms
24 to 36 Month Terms
36 Month Term
2.526%
2.771%
2.967%
3.162%
Annual
Percentage
Yield
2.55%
2.80%
3.00%
3.20%
Big Saver Certificates - $10,000 Minimum
Interest
Rate
6 to 12 Month Terms
12 to 24 Month Terms
24 to 36 Month Terms
36 Month Term
2.722%
3.016%
3.211%
3.406%
Annual
Percentage
Yield
2.75%
3.05%
3.25%
3.45%
Premier Money Market Accounts
Subject to Change Monthly - Paid Monthly
Rates as of September, 2008
Interest
Average Daily Balance
Rate
$0.00 to $999.99
$1,000.00 to $1,999.99
$2,000.00 to $9,999.99
$10,000.00 to $24,999.99
$25,000.00 to $49,999.99
$50,000.00 & Over
0.00%
1.144%
1.193%
1.588%
1.933%
2.080%
Annual
Percentage
Yield
0.00%
1.15%
1.20%
1.60%
1.95%
2.10%
JUST IN TIME
FOR THE HOLIDAYS
The balance in all
Christmas Club Accounts
will be deposited into the
owner’s primary share
account by October 15th.
The 2009 Christmas Club
Accounts will automatically re-open with the
next deposit. This year
470 members saved
nearly $500,000 for
holiday shopping.
Open a Christmas Club
Account now for next
year with a deduction
every pay period and
have a stress free
holiday season!
R A T E S
Premier Checking Accounts
Subject to Change Quarterly - Paid Monthly
Rate as of October, November, December, 2008
Interest
Average Daily Balance
Rate
$.01 & Over
0.499%
Annual
Percentage
Yield
0.50%
Primary Share Savings
Subject to Change Quarterly - Paid Quarterly
Rate as of October, November, December, 2008
Interest
Average Daily Balance
Rate
$25.00 to $99.99
$100.00 to $999.99
$1,000.00 & Over
0.00%
0.748%
0.996%
Annual
Percentage
Yield
0.00%
0.75%
1.00%
Christmas Club Accounts
Subject to Change Quarterly - Paid Quarterly
Rate as of October, November, December, 2008
Interest
Average Daily Balance
Rate
$.01 & Over
0.748%
Annual
Percentage
Yield
0.75%
IRA Savings Accounts
Subject to Change Monthly - Paid Quarterly
Rate as of September, 2008
Interest
Average Daily Balance
Rate
$.01 & Over
1.492%
Annual
Percentage
Yield
1.50%
SKIP-A-PAYMENT
Put some extra jingle in your pocket
this holiday season with MCCU’s
Skip-a-Payment program. Eligible
members can skip the November,
December or January payment on
most loans for a fee based on the loan
payment amount. To sign up for this
program, contact a Member Service
Representative at 816-246-0002.
Published quarterly by
Missouri Central Credit Union
BOARD OF DIRECTORS
Bob Woody, Chairman
Tom Lovell, Vice Chairman
Steve Miller, Secretary/Treasurer
Doug Hermes, Michael Horton,
Nick Nichols, Joanne Thies,
Leonard Stonestreet
supervisory committee
Claudia Walker, Chairperson
Leonard Stonestreet, Jacqueline
Fairbanks, Bill Simpson,
Stan Abrahamson
MANAGEMENT TEAM
Glenna Osborn, President
Tom Loftus, Vice Pres./COO
William Trenchard, Vice Pres./CFO
Missouri Central
Credit Union
825 NE Deerbrook
P.O. Box 6617
Lee’s Summit, MO 64064-6617
816-246-0002
Fax 816-246-0043
Web Site: www.mocentral.org
E-mail: askmccu@mocentral.org
Office Hours
Mon-Thurs 9:00 a.m. - 5:00 p.m.
Friday 9:00 a.m. - 5:30 p.m.
Saturday 9:00 a.m. - 12:30 p.m.
Drive Thru Hours
Mon-Fri 8:00 a.m. - 6:00 p.m.
Saturday 8:00 a.m. - 12:30 p.m.
Holidays
Missouri Central Credit Union
will observe the following holidays
and holiday hours:
Columbus Day
Monday, October 13
Closed
Thanksgiving Day
Thursday, November 27
Closed
Christmas Eve
Wednesday, December 24
Drive Thru 8am-12:30pm
Lobby
9am-12:30pm
Christmas Day
Thursday, December 25
Closed
New Year’s Eve
Wednesday, December 31
Drive Thru 8am-5pm
Lobby
9am-5pm
New Year’s Day
Thursday, January 1
FEDERALLY INSURED
Closed
You’ve worked hard for your home...
now get it
working for you!
Alert to Travelers
Please call us when
you have travel plans
that include using your
Missouri Central Credit
Union VISA Credit Card
or VISA Debit Card.
Due to the increased
Home Owner’s Advantage Loans and Home Equity Lines of Credit
If you are looking to borrow money, a Home
Owner’s Advantage Loan or a Home Equity
Line of Credit may be a smart option. Both of
these loans are considered second mortgage
loans because your home is used to secure the
loan. They allow you access to your home’s
value, minus outstanding loan balances, to pay
for anything from a vacation, to a complete
home remodel. Missouri Central has options
and terms that make borrowing your home’s
equity simple and affordable. Whether a fixed
or variable rate fits your style, MCCU’s loans
have no closing costs and no annual fees!
Home Owner’s Advantage Loans
A Home Owner’s Advantage Loan allows you
to borrow one time at a fixed rate for a specified term. The set amount you decide to borrow is paid back in fixed monthly payments
during the term of the loan.
Home Equity Lines of Credit
A Home Equity Line of Credit is a revolving
loan that can be accessed at any time and as
often as you need. Many borrowers set the
credit limit as high as possible to provide a
cushion for emergencies or expenses they
know will be coming in the future. Unlike a
Home Owner’s Advantage Loan, the interest
rate is variable and moves up or down based
on the Prime Interest Rate. The interest rate
and the balance on the loan determine the
monthly payment.
Benefits to both of these loans include:
•No Annual Fees
•No Closing Costs on loans $10,000 or More
•Low Loan Rates
•Interest May be Tax Deductible
amount of credit and
debit card fraud, unusual activity on your credit
card may trigger our
fraud prevention system
to block your card. To
keep this from happening, we can place travel
dates and destinations in
your card record. Call us
before you travel so you
can travel worry-free.
Moving?
Let MCCU Know
As part of MCCU’s
ongoing effort to protect
our members from iden-
CU PARK.N.SELL • EVERY SATURDAY 9-12
tity theft, we will no longer change your address
based on information
LOOKING TO BUY OR SELL A CAR, TRUCK, MOTORCYCLE, BOAT OR RV?
received from the United
Sellers:
Choose to sell with increased exposure!
Fill out a registration form which gives MCCU
basic information about the vehicle, then put
a for sale sign on your vehicle and park in our
back parking lot off of Windsor Dr.
States Post Office. Please
Buyers:
MCCU is easy to find, right off
291N Hwy. Save gas by shopping for a vehicle
at our location instead of driving all over town
to find that perfect previously owned vehicle!
clude your signature for
send your new address to
Missouri Central Credit
Union. Along with your
new address, please inverification purposes.
825 NE Deerbrook • Lee’s Summit, MO 64086
Next to Fairfield Inn Phone: 816.246.0002
loan rate ranges
APPROX. TERM AS LOW AS
NEW VEHICLE LOANS
0 – 24 months
25 – 36 months
37 – 48 months
49 – 60 months
61 – 72 months
5.50%
5.75%
5.75%
5.75%
6.75%
TO
2007-2008 USED VEHICLE LOANS
0 – 24 months
25 – 36 months
37 – 48 months
49 – 60 months
5.50%
5.75%
5.75%
5.75%
10.25%
10.50%
10.50%
10.75%
2004-2006 USED VEHICLE LOANS
0 – 24 months
25 – 36 months
37 – 48 months
49 – 60 months
6.00%
6.25%
6.25%
6.25%
October 1st Through October 31, 2008
10.25%
10.50%
10.50%
10.75%
11.50%
10.75%
11.00%
11.00%
11.25%
Don’t delay, call to get pre-approved by your Credit Union. Then stop by your
local Enterprise Car Sales location to see a great selection of quality used vehicles.
1 0000 Shawnee Mission Parkway
Merriam, KS 66204
(913) 789-7111
6417 North Oak Trafficway
Gladstone, MO 64118
(816) 468-1588
201 South 7 Highway
Blue Springs, MO 64014
(816) 220-5570
Vehicle must be financed using standard financing terms through your Credit Union to qualify for payment offer. Credit Union will make the two payments on the payment due date up to
$600 total on member’s behalf after vehicle is financed through your Credit Union. First payment due 45 days from date of purchase then $300 per month for following two months. Offer
void when 7-day Repurchase Agreement is activated. Offer valid from October 1st thru October 31st, 2008. No cash advances. Offer not valid for previous Enterprise purchases or with any
other offer. Vehicle must be purchased from Enterprise Car Sales. Certain restrictions apply. See a representative for details.
1
The “e” logo, Enterprise, and “Haggle-free buying. Worry-free ownership.” are trademarks of the Enterprise Rent-A-Car Company. All other trademarks are the property of their respective
owners. © 2008 Enterprise Rent-A-Car Company.
Missouri Central Credit Union Privacy Notice
2002-2003 USED VEHICLE LOANS
At Missouri Central Credit Union (MCCU), your privacy is a top priority. This notice describes
how we protect the privacy of your personal information. Throughout this notice, the word
“information” refers to nonpublic personal information about you.
OTHER SECURED LOANS
NEW TERM
Information That We Collect and Disclose to Others
We collect information about you from the following sources:
•Applications and other forms you submit to us or our affiliates
•Information about your transactions with us or our affiliates
•Information about your transactions with others
•Information obtained when verifying information you provide on an application or
other forms, such as your current or past employers or from other institutions where
you conduct financial transactions.
• Consumer reporting agencies
0 – 24 months
25 – 36 months
37 – 48 months
0 – 24 months
25 – 36 months
37 – 48 months
49 – 60 months
6.75%
7.00%
7.00%
8.75%
9.75%
10.75%
11.75%
10.75%
11.00%
11.00%
11.50%
12.50%
13.50%
14.50%
OTHER SECURED LOANS
USED TERM
0 – 24 months
9.75%
12.50%
25 – 36 months
10.75%
13.50%
36 – 48 months
11.75%
14.50%
Longer maturities add 1% per year if approved.
LINE OF CREDIT &
SIGNATURE LOANS
15.00%
*22.00%
*Effective 11-15-08 for Lines of Credit.
*This addendum, effective June 12, 2008, is incorporated into and becomes part of your LOANLINER Credit Agreement. Please keep this attached to your LOANLINER Credit Agreement. The
ANNUAL PERCENTAGE RATES for each loan sub-account are show above. The amount and due
date of payments will be determined at the time of each advance and disclosed on the Advance
Request Voucher. Other charges include: FILING FEES - You will be charged a lien filing fee, based
on the amount required by state law, if the credit union takes a security interest in your collateral.
LATE CHARGES - You agree to pay a late charge equal to the greater of 5% of the payment due or
$15.00, but in no event more than $50.00, for each payment in default 15 days or more. However,
the late charge will only be applied once to each payment however long it remains in default.
COLLECTION COSTS - You agree to pay all costs of collecting the amount you owe under this
agreement, including court costs and reasonable attorney fees. The ANNUAL PERCENTAGE
RATE ( APR) you receive on advances is based on the following criteria: credit worthiness, debt
ratio, and amount financed (if secured).
We may disclose all of the information we collect, as described above.
Parties to Whom We Disclose the Information
We may disclose information about you to the following type of third parties:
•Financial service providers, such as those that provide mortgage services, credit card
services, IRA services, ATM or Debit services, and various insurance services
•Non-financial companies, such as our data processor, statement mailers, share draft
printers and collection companies
•Other nonaffiliated third parties as permitted by law
We may disclose all the information that we collect, as described above, to companies that
perform marketing services on our behalf, our affiliates, or other financial institutions with
which we have joint marketing agreements. We may also disclose information about you
under other circumstances, as permitted by or required by law.
If you decide to terminate your membership with MCCU or become an inactive member,
we will not share information we have collected about you, except as may be permitted or
required by law.
How We Protect Your Information
We restrict access to information about you to those employees who need to know that
information to provide products or services to you. We maintain physical, electronic, and
procedural safeguards that comply with federal regulations to guard your information.