Newsline THE GOLDENWEST CREDIT UNION NEWSLETTER
Doing More Good
by Shelley B. Clarke, President & CEO
“We can do more good by being good, than in any
other way.” – Rowland Hill
At Goldenwest Credit Union, we are always looking for new
ways to give more to our members. As we grow stronger
as a credit union family, we provide greater returns to our
For 75 years, Goldenwest has stood as a financial leader in
the communities we serve. We know that our strength has
come from the loyalty and support of our members. It is
our privilege to continue serving you and the generations Goldenwest is here for you.
We hope that you look to Goldenwest as your financial
in this issue:
partner for life. Around the corner you may experience
graduations, weddings, babies or new jobs. Or perhaps
retirement isn’t too far away. Whatever may be in your
future, Goldenwest is here for you. We can help with
2 Nominations Committee Report &
everything from establishing a savings plan, to helping you
qualify for your first auto loan; from building your dream
home, to helping you understand the benefits of a reverse 3 GWCU 5K For Schools
mortgage. 3 Shared Branch & ATM Network
No one can ignore the fact that economic times are tough. 3 Annual Meeting Invitation
It’s more important than ever for individuals, families and
businesses to stay on top of their finances. Nothing gives 4 Which Type of IRA is Right for You?
us more satisfaction than knowing we are helping you save 4 Kids Club Coloring Contest Winners
money and time with Goldenwest products and services. It’s
the best way we know how to serve our members. 5 Online Home Loans
Again, we thank you for being a member of Goldenwest 5 Free Checking is Still Free!
Credit Union. It is our goal to continue serving you for 5 What Can You Do With a Home Equity
many years to come. Line of Credit from Goldenwest?
We look forward to meeting with you at the Annual Meeting 6 Know the Facts: Cash Rebate vs. 0.0%
on April 5th! Financing
Nominations Committee Report & Board Election
The Nominations Committee received three qualifying applications for the two open Board of Directors positions.
One of the applications was received from incumbent Tad Neuenswander. The other two applications were received
from Karen Kagie of Clearfield and Patrick Poce of Ogden. Interested applicants were asked to submit a written
statement of qualification.
One of the major differences between credit unions and
banks is that credit unions are organized based on the
MEMBERS MAY VOTE USING 1 OF 3 METHODS
democratic process of electing directors by the general
membership. As a member, this is your opportunity to vote ONLINE AT www.gwcu.org
for the people who govern Goldenwest Credit Union. Available March 25 at 9am through March 28 at 5pm
In person voting is available at four branch locations,
BY PHONE AT 801-621-4550 or 800-283-4550
including offices in Ogden, South Ogden, Layton and
Available March 25 at 9am through March 28 at 5pm
Riverton. Telephone and online voting is available to members
who have a Personal Identification Number (PIN) or password
IN PERSON AT ONE OF THESE FOUR BRANCHES:
for their accounts. If you do not have an audio PIN or Online
Branch password, please contact the call center at LAYTON 1268 North Hillfield Rd, Layton
801-621-4550 or 800-283-4550. 8TH STREET 805 Washington Blvd, Ogden
CORPORATE 5025 South Adams Ave, South Ogden
Only the primary person on an account is permitted to vote.
RIVERTON 5573 West 13400 South, Riverton
Each member is restricted to one vote, regardless of the
number of accounts they may have with the credit union. AT THE FOLLOWING TIMES:
Absentee ballots or proxy voting are not permitted for the
election. Results of the election will be announced at the Friday, March 25: 9am - 5:30 pm
Goldenwest Credit Union Annual Meeting held April 5, 2011 Saturday, March 26: 9am - 2:00 pm
at the Corporate Center in Ogden. Monday, March 28: 9am - 5:00 pm
Tad Neuenswander (Incumbent)
I have been a member of Goldenwest Credit Union for more than 35 years. I have a
vested interest in ensuring that Goldenwest continues to operate successfully for
many years to come. I currently work for a high-tech systems integration/consulting
company and previous to that worked for Hewlett Packard. I possess a strong
background in business and technology. I have a B.A. from Weber State University in
Business Administration and a MBA from Westminster College. I feel that my business
and technology background will enable me to ensure the right oversight, continuity and
stability of Goldenwest, as well as high quality services for its’ members. I would love
the opportunity to continue to serve the members of Goldenwest Credit Union.
I’ve been a member for 15+ years, of one of the top lending institutions in both our state
and nation, utilizing most of the services Goldenwest Credit Union offers. I have 11+
years experience as an accountant and am currently a Realtor. I enjoy giving back to my
community and have served in the following capacities: LDS mission, foster parent, foreign
exchange student host, 2000 & 2010 Census, 2002 Olympics, boy and girl scouts leadership,
GOAL Foundation, YCC, Christmas Box House, QI Committee for Department of Child and
Family Services, and PR and Trade Expo Committees for the Northern Wasatch Association
of Realtors. It’s obvious that Goldenwest has earned the loyalty of its’ volunteers, employees
and members through outstanding service. A member/part owner benefit is having a say
in the development of this institution and voting for those that govern it. I look forward to
serving you in this capacity.
I’m a lifelong resident of Ogden, from a railroad family dating to the early 1900s. I’ve been
a member of ORCU since it was located in a small building on 26th Street. I’m the owner
of The Posy Place and Olive and Dahlia, two of Ogden’s finest and most successful flower
and gift shops, employing over 20 local residents. I’m actively involved in the national floral
industry having served as chairman of four national conventions. I’m the author of two
nationally published books on floral design and have been an instructor or guest designer
at design schools and shows throughout the U.S., Canada and South America. I serve on
the Board of Directors of the Eccles Community Art Center and a member and contributor
to the McKayDee Foundation, Planned Parenthood of Utah, Utah Aids Foundation and
Children’s Aid Society. I’m also a member of the Ogden Golf and Country Club.
5K For Schools 2011
On your mark, get set, GO!
The 11th Annual Goldenwest 5K for Schools will be held
on March 26th 2011 at 8:30 a.m. The start and finish
lines will be located at the Goldenwest Corporate Office
in South Ogden (5025 South Adams Avenue). So put your
running shoes on and start training. We’ll see you there!
Registration information, detailed information,
and the route maps are available online at
Shared Branch and ATM Network:
Going the Distance, So You Don’t Have To
Time is money. We can save you both with a vast branch network that spans the country.
Goldenwest has partnered with hundreds of other credit unions, giving you access to 4,200+ shared branches through the
Credit Union Service Center network. Not only is the shared branch network convenient, it’s a free service for our members.
Each month our members conduct thousands of transactions on their Goldenwest account at other credit unions.
Likewise, members from other credit unions conduct transactions at Goldenwest branches. For a list of all the credit unions
participating in the Credit Union Service Center network, visit www.gwcu.org.
Goldenwest is also part of the Co-op ATM Network, giving members free access to cash at more than 28,000 ATMs
worldwide. In the credit union spirit of “People Helping People”, the vast majority of credit unions in the U.S. participate in
the Co-op ATM Network. Co-op Network ATMs can also be found at over 5,700 7-Eleven locations.
Please Join Us at the Annual Meeting
APRIL All Goldenwest members and their families are invited to attend the Goldenwest Annual
Meeting at our Corporate Center located at 5025 South Adams Ave in Ogden on Tuesday,
April 5, 2011.
The Open House will begin at 6:00 p.m., with Goldenwest providing refreshments and a
small gift for each person attending the meeting. The Business Meeting will begin at 6:30
p.m., with several door prizes being awarded at the end of the meeting.
A message from the MEMBERS Financial Services Planning
Which Type of IRA is Right for You?
There are two main types of IRAs – traditional IRAs and Roth IRAs – and both
offer tax advantages.
Most people saving for retirement can contribute to a traditional IRA, and
if you meet certain requirements your contributions are tax deductible.
Whether your contributions are deductible or not, your earnings accumulate
tax deferred, so you won’t owe income taxes until you make withdrawals.
Deductible contributions and earnings are taxed at your regular income tax
rate as you withdraw them.
With a Roth IRA, however, contributions aren’t tax deductible when you
make them. But in favorable contrast to a traditional IRA, earnings are free
from income tax upon withdrawal if you meet the specified conditions. A
Roth IRA also has more flexible early withdrawal rules than a traditional IRA,
and you aren’t required to begin withdrawals at age 70½.
Determining which type of IRA account is right for you depends on several
MEMBERS Financial representative
• Your age at the time you’re contributing
• Your tax rates when contributing and during retirement
• Your plans for needing this money prior to age 59½
• Your plans for leaving this money to heirs, and
• Your likelihood of actually setting aside the money you save in taxes
and investing it in another account for retirement.
For more information about IRA eligibility rules and help determining which
IRA is best for you, contact Tyler Holbrook, the CUNA Mutual Representative
serving the members of Goldenwest Federal Credit Union at 801-337-8340.
Representatives are registered, securities are sold and investment advisory services offered through CUNA Brokerage Services, Inc. (CBSI),
member FINRA/SIPC, a registered broker/dealer and investment advisor, 2000 Heritage Way, Waverly, Iowa 50677, toll-free (866) 512-6109.
Nondeposit investment and insurance products are not federally insured, involve investment risk, may lose value and are not obligations of or
guaranteed by the financial institution. CBSI is under contract with the financial institution, through the financial services program, to make
securities available to members. B2MM-1104-7399 (1209)
Coloring Contest Winners
Congratulations to our winners of the Kids Club coloring contest for the first
quarter of 2011. Each winner will receive a $25 deposit into his or her
Goldenwest Kids Club savings account.
Ages 0-4: Carter Waters
Ages 5-8: Ian Riley
Ages 9-12: Stephen McKee
To learn more about Goldenwest’s Kids
Club, or to print a copy of the new coloring
page, visit www.gwcu.org
Take home your own plush toy dog, “Dollar” when you open a new Kids Club account!
Online Home Loans
Goldenwest has made applying for a mortgage loan easier than ever.
Whether you are in the market to purchase a home or want to save
money by refinancing an existing loan, the application process is
convenient and quick from your personal computer.
If you’re not sure if it’s the right time to apply for a mortgage, you can
get a quick rate quote online. You may be surprised how much you
can save with a mortgage from Goldenwest!
For a free rate quote, or to apply online, simply visit www.
gwcu.org and click the Home Loans tab.
Free Checking is Still Free!
One of the greatest values Goldenwest offers members
is our free checking account. With Goldenwest free
checking, you’ll receive:
• Free VISA Debit Card
• Free Online Banking
• Free Online Bill Pay
• Free Mobile Banking & Texting
• Free Apps for Blackberry & iPhone
• Free eAlerts & eStatements
• Free Access to 28,000+ ATMs
• Free Access to 4,200+ shared branches
• Free box of checks
• No minimum balance requirement
• No monthly maintenance fees
• Overdraft protection available
• NCUA Deposit Insurance up to $250,000 per account
If you don’t have a Goldenwest free checking
account, visit any of our 18 branch locations or
contact us at 801-621-4550 or 800-283-4550.
What Can You Do With a
Home Equity Line of Credit
• Home Improvements
• Family Vacation
• Debt Consolidation
• So Much More!
To open your Home Equity Line of Credit, visit any of
our 18 branch locations or contact us at 801-621-4550
Know the Facts:
Cash Rebate vs. 0.0% Financing
If you’re in the market to buy a car, make sure you know the
facts about financing. Zero-percent financing sounds like a
great deal, but it could cost you more money over the life
of the loan. If you have the opportunity to accept rebate
dollars, it may save you more money.
For example, if you purchase a car for $20,000 at zero
percent interest for a 48-month term, your monthly payment
will be $416.67. Now take the same scenario with a $2,000
cash rebate and 3.75% APR financing from Goldenwest.
With the auto loan reduced to $18,000, your monthly
payments are $404.41. You will save $588.48 over the life
of the loan by accepting the $2,000 cash rebate instead
of the interest-free loan.
For your convenience, Goldenwest has partnered with
auto dealers throughout Utah to give you access to our
low-rate financing right at the dealership. The loan
application process is quick and easy…and you can take
care of everything in one place!
In addition to our loan rates, Goldenwest provides free
online tools to help our members research the best deal on
a car. Visit www.gwcu.org and link to AutoSMART to find
financing calculators, current trade-in values, and locate cars
at local dealerships.
Remember, ask for Goldenwest financing at the
dealership when buying your next car.
We’ll take care of you! 6
P.O. Box 1111 Ogden,
Utah 84402 - 1111