May 2010 Edition

All MCCU offices will be closed Monday, May 31 in observance of Memorial Day

MCCU recongized for its efforts to advance energy efficiency Your credit union is committed to continued and responsible improvements in our  actions, purchases and choices. Minnesota Power recently showcased the energy efficient efforts MCCU is making at its facilities. Said energy consultant Tanuj Gulati, “It is rewarding to work with an organization where energy efficiency is a high priority and that commitment is demonstrated through choices and actions.”

Student loans available Is college just around the corner for you or your family member? MCCU’s private student loans are designed to help educate students about rates and payments and reward them for getting good grades and paying on time. Below are just a few features of MCCU’s private student loans: • Competitive interest rates and 1% interest rate reduction during repayment • In-school deferred payment or interest-only payment options • No cosigner option for certain juniors and seniors • Monthly statements during school that let students know how much is owed and what the payments will be after graduation For more information and to apply today, click here!

IRA notice The IRS requires that we share the following information with you on a quarterly basis: You may change your IRA withholding election at any time. You may do so at the credit union or we can mail you a Payment Election form. If you have any questions or would like a form mailed to you, please call 218-879-3304 or 800-296-8871 and speak with any Member Service Representative. Payments from your IRA are subject to federal income tax withholding, unless you elect no withholding. Withholding from IRA payments, when combined with other withholding, MAY relieve you from payment of estimated income taxes. However, your withholding election does not affect the amount of income tax you pay. You may incur penalties under the estimated tax rules if your withholding and estimated tax payments are insufficient.implify your tax returns this year. You can complete your tax return online

Emergency Fund Account $250 winner Jaime Hayden of Duluth was chosen as MCCU’s Emergency Fund Account winner last month. Hayden qualified for the $250 monthly drawing by setting up an automatic transfer into her Emergency Fund Account each month. Congratulations, Jaime! MCCU will continue to award $250 monthly winners throughout 2010. The last $250 winner will be chosen Dec. 31, 2010.  For more information, click here!

Did you know?  MCCU sells discounted Valleyfair tickets It’s that time of year again!  Valleyfair opens May 15 and MCCU has discounted tickets available for our members to purchase. Stop in to any of our locations to pick them up.  Click here, to visit Valleyfair's website.