Spring Shred Week slated for April 19 - 23
We encourage members to bring in unwanted personal documents which will be collected in secure shred bins in our lobby. All collections will be shred on-site at the end of the week by Shred-N-Go, a certified on-site shredding company.
According to the Federal Trade Commission, nine million Americans are victims of identity theft annually. The easiest way to protect yourself from identity theft is by shredding your personal information.
Take the Federal Trade Commission's Identity Theft Quiz.
But, how do you know what records to keep and how long to keep them? Here is a handy guide to how long you should obtain these important records:
• Tax returns - Up to seven years
• Canceled checks - Up to seven years
• IRA contributions - Permanently
• Retirement/savings plan statements, bank records, bills - From one year to permanently
• Credit card receipts and statements - From 45 days up to seven years
• Paycheck stubs - One year
• Home expenses - From six years to permanently
• Brokerage statements - Until you sell the securities
Annual Meeting scheduled for Tuesday, May 25, 2010
Cities Credit Union will hold its annual meeting at 5 p.m. on Tuesday, May 25th, 2010 in the credit union lobby. A short business meeting will be followed by food and prizes. Members can stop by all day on the 25th to pick up an annual report and register to win prizes.
Annual family & community picnic to be held Friday, Aug. 13
Cities Credit Union will be holding its annual family and community picnic on Friday, August 13th from 10 am - 4 pm. Mark your calendar! Prizes, games, food, raffles and fun!
Cities Credit Union supports homeless animals
Cities Credit Union raised over $300 in cash and merchandise donations for Second Chance Animal Rescue for the holidays. Cities held its first-ever Family (+ pet) Photo Day at the credit union. All proceeds from the event were donated to the rescue for homeless animals. Cities takes donations of money and merchanside (unopened dog/cat food, toys, treats, leashes and collars) on behalf of Second Chance.
Due date changed for checking line of credit loans
The monthly payment due date for our checking lines of credit has recently been changed from the 10th day of each month to the 28th day of each month. This change was made to comply with the recently passed “Credit Card Act” which requires a minimum 21 day notice for payments on all open-end LOC loans.
Cities Credit Union--safe and secure
Recently, local papers have run articles concerning the health of Minnesota Credit Unions and credit unions making high-risk business and mortgage loans. We, at Cities Credit Union, would like to reassure our members that Cities is safe and stable.
• Cities Credit Union did not participate in risky sub-prime mortgage lending.
• Cities Credit Union does not participate in business lending and does not hold risky business loans.
• Cities Credit Union does not hold any sub prime mortgages as investments.
• Cities Credit Union is considered well capitalized by the NCUA “the federal credit union regulators” of the US. We are currently well above 9% Capitalized, with 7% being the minimum standard.
• While many credit unions and banks are losing money this year, we have had positive income.
• Our delinquency is below what the NCUA considers the highest ratio for normal delinquency.
• The credit union members’ deposits are insured for $250,000 minimum, and backed by the NCUA which is part of the federal government like the FDIC.
• Unlike many banks, no credit unions have taken any government bailout money.
• Cities Credit Union has continued to lend to its members during this troubling economic time, and has some of the lowest rates that can be found anywhere.
• Cities Credit Union continues to show its support for its members by offering great loan rates (3.99 car loans) and deposit rates (2.75% and higher on 3yr CD).
Wanted – Used Cell Phones
Have you purchased a new cell phone lately? Don’t know what to do with your old phone? Drop if off at Cities and your old cell phone can actually help save a life. The Telecom Pioneers, a volunteer group made up of retired and current telephone employees, are collecting old cell phones for their E-Z HELP Cell Phones for SeniorsProject. Please drop your old cell phones (and chargers if available) at either credit union location and theTelecom Pioneers re-program them to make outgoing 911 calls only. These phones are then delivered to area senior centers and other needy organizations. All of your phones memory is erased before the phones are delivered. For more information contact the Telecom Pioneers at 763-427-7192 or visit online at www.mnpioneers.com.
