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					                                                                                                      FALL 2009

  CREDIT UNION
     www.slcu.com                       FINANCIAL QUARTERLY
We’ve Moved!!!                                                                  Products & Services. . .
                                                                                Loans
                                                                                Vehicle - New, Used, Boats &
                                                                                    Recreational
                                                                                Home Equity
                                                                                Home Equity Line of Credit
                                                                                1st Mortgages - HomeLoan Express
                                                                                Student
                                                                                Line of Credit
                                                                                Unsecured
                                                                                Savings Secured
                                                                                Business
                                                                                Checking
                                                                                Free Checking
                                                                                    Value Checking
                                                                                    Select Checking
                  SLCU Brooklyn Crossing                                            Classic Checking
                                                                                    Y.E.S. Club Checking
                    3200 Northway Drive, Suite 380                                  Advantage Checking
                      Brooklyn Center, MN 55429                                 Business Economy Checking
                                                                                Business Premium Checking
We’ve got a new address and a new                                               Overdraft Advance
name for our Brooklyn Center office!                                             Convenience Products
Our Brooklyn Center office has                                                   Bill Pay
become SLCU Brooklyn Crossing.                                                  E-Statements
It is located at 3200 Northway                                                  Internet Account Access
                                                                                VISA Cards - Platinum & Classic
Drive, Suite 380 just off Hwy. 100 at                                           Instant Cash Debit Card
Brooklyn Boulevard and Bass Lake                                                Instant Cash Business Debit Card
Road in Brooklyn Center. (See the       Crossing. We invite you to stop in      Instant Cash ATM Card
map below.)                                                                     VISA Gift Cards
                                        & check out our new home. A grand       Rate Line: 1-800-797-8786
                                        opening is planned for spring 2010.
SLCU’s new location offers a drive                                              Savings Accounts
up for your convenience. Pictured                                               Share
                                        In addition to the drive up, SLCU       Daily
below is the new drive up which         Brooklyn Crossing offers Safe           New Baby Club - Newborn to 1
includes a drive up ATM.                Deposit Boxes for rent. We have a       Raisin’ Cash Club - Age 1 through 9
                                        limited amount of boxes so if you are   Y.E.S. Club - Age 10 through 15
                                                                                Advantage Accts. - Age 16 through 21
                                        interested, please give us a call.      Classic Accounts - Age 55 & Over
                                                                                Holiday Accounts
                                        Our phone number has remained           Certificates of Deposit (CDs)
                                        the same - 763-569-9977. We’ll          IRAs
                                        be happy to help you with all your      CD Builder Program
                                        financial needs. We’re here for you at   Other Products & Services
Along with our move to SLCU             SLCU Brooklyn Crossing and all of       Financial Planning
Brooklyn Crossing, we have changed      our other convenient locations!         Auto Buying Services
our hours. SLCU Brooklyn Crossing                                               AAA Membership & Insurance
                                                                                Direct Deposit/Payroll Deduction
has drive up hours from 7:30 a.m. to                                            Save Your Change
5:00 p.m. Monday through Friday and                                             AlertMeTM
Saturday mornings from 9:00 a.m.                                                Western Union/Wire Transfers
to noon. Lobby hours are Monday                                                 Travelers Cheques/Money Orders
through Friday from 8:30 a.m. to 4:00                                           Notary Services
                                                                                Savings Bonds
p.m. Please note the time changes.                                              Safe Deposit Boxes (SLCU Glenwood &
                                                                                SLCU Brooklyn Crossing)
Pictured above right is a view of the                                           U.S. Postage Stamps
front entrance to SLCU Brooklyn                                                 Metro Transit Bus Fares
2



    President’s Corner                                                                                              Home-Buying
                                                                                     by Lee Benedict                Seminars
                          I am pleased to announce the relocation and expansion                                     Looking to buy a home? Are you
                          of our Brooklyn Center branch office. We are open for                                      a first-time homebuyer and don’t
                          business at our Brooklyn Crossing office located next to the                               know where to begin? Join us for an
                          Social Security Administration building. To successfully                                  informative home-buying seminar
                          meet the needs of our membership we needed an office that                                  covering the following:
                          provides a drive up facility along with safe deposit boxes
                          and an ATM, which this new office provides. Please refer to                                    Home-buying process
                          page one for more details.
                                                                                                                        How much home you qualify for
    We are dedicated to maintaining and expanding our capabilities and
    expertise across a wide range of financial products that address the diverse                                         How much you'll need at closing
    needs of our membership. See page one for a list of our products and
    services.                                                                                                           Q&A with CU Companies
                                                                                                                        Realtors and Mortgage Loan
    As you know a large part of our credit union business is based on referrals                                         Officers
    from family members, friends and co workers. Please feel free to pass along
    our name and phone number to those who can benefit from credit union                                             Choose from these dates at
    services. We continue to grow as a result of our members telling others                                         CU Companies, 500 Main Street,
    about us.                                                                                                       New Brighton, MN:
    It is with sadness that I announce the passing of a true credit union friend                                        October 21st at 6:00 p.m.
    and pioneer, Walter Stabnow. Walt passed away on Saturday, September 5th.                                           November 10th at 6:00 p.m.
    Walt worked for this credit union as Treasurer-Manager from 1956 to1980;                                            December 8th at 6:00 p.m.
    he enjoyed 29 years of retirement.
                                                                                                                    Seating is limited. For reservations,
    Lee                                                                                                             please call (651) 631-3111.
    lbenedict@slcu.com
    612-373-9412                                                                                                                       Once a member;
                                                                                                                                       always a member.

    Congratulations!!                                     Y.E.S. Club:
                                                                                                                                        Family members
                                                                                                                                           are eligible
Congratulations to the winners of                         $5.00......................................... Riley H.                       for membership.
SLCU’s Quarterly Youth Drawings:                          $10.00.................................. Zachary D.
                                                          $15.00................................. Courtney L.
                                                                                                                    Holiday Closings
Raisin’ Cash Club:                                        $20.00................................... Nowell W.
$5.00........................................ Jailyn W.

                                                                                                                    2009
$10.00....................................... Owen R.     Advantage Account:
$15.00.........................................Anja E.    $25.00........................................Alex H.
$20.00................................ Richmond T.        $50.00....................................Billi Jo D.
                                                                                                                              Columbus Day
    Deposits are made directly into the above winners’ accounts from SLCU prior to October 10, 2009.                         Monday, October 12

Get Some “Green”                                                                                                              Thanksgiving Day
                                                                                                                            Thursday, November 26
Switch your “old” paper statement to                      switch to an E-statement! Ask us to
a SECURE, E-fficient, E-conomical,                         “GREEN UP” your account today!                              Christmas Eve Day - Close at Noon
E-statement and. . .                                      Call us toll-free at 800-355-7528 or                              Thursday, December 24
                                                          877-634-0020.
SLCU will deposit $5.00 to your                           “We’re Here                                                          Christmas Day
Share Savings Account when you                                                                                               Friday, December 25
                                                          For You!”
                                                                                                                               New Year’s Day
   We’ve Got                                                                                                                    Friday, Jan. 1 &
VISA Gift Cards!                                                                                                             Saturday, Jan. 2, 2010
                                                                                                                            3


2010 FIC                                 Ca$h In! with a Member Referral
Scholarships                             Ca$h In! at $oo Line Credit
                                         Union!! Refer your family,
The MN Family Involvement Council
                                         friends, neighbors and
is offering two “Harvey Bakke”
                                         co-workers to become a
$1,000 scholarships and several $500
                                         member of SLCU. SLCU
scholarships to Minnesota credit union
                                         will *deposit $25.00 to your
members.
                                         Share Savings Account!
                                         And. . . SLCU will **deposit
To be eligible, you must be a student
pursuing post-high school education      $25.00 to the new member’s Share Savings Account! Plus. . . you will be
in the 2010/2011 school year and be a    eligible for a $100.00 Cash Drawing at quarter end (12/09).
member of a credit union headquartered
in Minnesota. The school you are         *Referral Ca$h will be deposited to the Share Savings Account once the
planning to attend can be a public or    Referral (New Member) has become an Active Member. Referral (New
private university, college, graduate    Member) must become an Active Member for Existing Member to receive the
or law school, or a 2- or 4-year         Referral Ca$h and entry into the drawing. No limit to the number of referrals.
community or technical college and
schools must be accredited by the U.S.   **Referral (New Member) must become an Active Member to be eligible for
Dept. of Education.                      the Referral Ca$h and entry into the drawing. An Active Member is one with a
                                         Share Savings Account with $100.00 minimum deposit along with the following
To apply, you must complete a            FREE services: e-statement; on-line account access; checking account; bill pay;
one-page application form and write      and direct deposit (net check)/payroll deduction. Referral eligibility is subject
a 500-word typed essay that answers      to membership qualifications, cannot currently be joint on another member’s
the question: “Credit unions were        account or have an existing SLCU account. Ca$h in today!!

                                         It’s an Economic Extension
established in the U.S. 100 years ago,
yet many Americans know nothing
about them. As the manager of a credit
union, what strategies would you
                                              Because at SLCU,
employ to give credit unions a higher            “We’re Here for You”. . .
profile and help them grow?” Judging                                Our Great Rates have been extended for a Limited
is done on creativity, relevance and                                 Time -- Cars, Trucks, Boats, & Motorcycles!!
involvement. Applications must be
postmarked by February 1, 2010.                                                   Whether you’re looking for a new car,
                                            Rates as low as. . .                  truck, boat, watercraft, or motorcycle
You can pick up an application packet                                             check out our great rates. Contact
at any SLCU office or the application                                              your SLCU Loan Officer today and
may be found on-line at                                                           get pre-approved. Vehicles currently
www.mnfic.org/scholarships.html.                                                   financed with SLCU are not eligible
                                                                                  for this offer. Offer good for qualified
NSF Fee Notices                                                    Annual         borrowers 18 years of age or older.
Effective November 1, 2009 SLCU                                    Percentage     PLUS. . . SLCU is offering term
will no longer be mailing Non-                                     Rate           extensions of 12 months: 24 (36), 36
Sufficient Funds (NSF) Notices to its                                              (48), 48 (60), 60 (72).

                                                                                                      $199.00
members.
                                          Guaranteed Asset Protection (GAP) Special. . . . . . . .
Loan Due Dates
The government has passed new            Save Your Change. . .
regulations regarding late fees on       Use your SLCU Debit Card and              Account at month-end. You’ll be
loans. To comply with the new            save! Your Debit Card purchases are       amazed how fast your change adds up
regulations, SLCU will be changing       rounded up to the next whole dollar       in your Share Savings Account. It’s
all loan payment due dates to the        and the extra change is automatically     just like having an electronic change
28th of the month. Please continue to    deposited to your Share Savings           jar! Just give us a call today at
make your payments on your existing                                                800-355-7528 or 877-634-0020 to
due dates. Questions, please call us.                                              “Save Your Change”.
6



 Need A Loan?                                  Refinance Today. . .
 We Can Help!
 Here’s how you can contact your Loan
                                               An Easy Way to Save $$!
 Officer:
 SLCU Minneapolis
 Sandy Hanneman
 612-373-9413
 Toll Free 800-355-7528
 shanneman@slcu.com
 SLCU Brooklyn Crossing                        Contact your SLCU Loan Officer to                        While you are refinancing your
 Angie Denning                                 see how much you can save! Send us                      vehicle, be sure to ask your Loan
 763-503-5785
 adenning@slcu.com
                                               your vehicle title and we’ll take care                  Officer about Guaranteed Asset
                                               of the paperwork. Make your first                        Protection (GAP) and Mechanical
 SLCU Glenwood                                 payment in 60 days. Best of all, we’ll                  Repair Coverage (MRC). Contact
 Pam Lundquist
 320-634-1910
                                               send you a $100.00 VISA Gift Card                       us today toll-free at 800-355-7528 or
 Toll Free 877-634-0020                        just for refinancing your vehicle with                   877-634-0020 or via email at
 plundquist@slcu.com                           Soo Line Credit Union.                                  loans@slcu.com.
 SLCU South Metro                              SLCU reserves the right to modify or discontinue this offer at any time. Loans are subject to
 Debra Bakken                                  credit approval. This offer is valid for qualified borrowers 18 years of age and up. Refinancing of
 952-895-5277                                  current SLCU loans not eligible.

                                                                    Financial Planning
 dbakken@slcu.com
 SLCU St. Paul
 Jeanne Kohlhaas
 651-793-0830
                                                               In these difficult financial times, wouldn’t it be nice to have
 jkohlhaas@slcu.com                                            someone to advise you on a suitable way to invest your money?
                                                               SLCU is pleased to announce that Deb Erickson of CU
 You may also contact your Loan Officers
 via email at loans@slcu.com. Call our
                                                               Companies will be in our offices to talk to members about their
 Minneapolis office toll-free at                                investment questions. Deb is available to meet with members
 800-355-7528 and we can transfer your                         on an appointment basis. You may contact her directly at
 call to any one of our offices. Whether        952-454-3742 to set up a private, no-cost, no obligation meeting. Deb can
 you contact us by phone, in person or via
 email - we’re here to help you with all       help you plan for your retirement, save for college or decide how to invest your
 your financial needs!                          money to pursue your desired financial goals.

Out & About With The                           “Securities and Investment Advisory Services are offered through Financial Network Investment Corporation,
                                               a registered broker/dealer and member SIPC. Financial Network Investment Corporation is not an affiliate of
Credit Union                                   SLCU”. Not FDIC Insured – Not a Deposit - No Credit Union Guarantee – May Lose Value – Not Insured by
                                               any federal government agency.


                                               Bill Pay Upgrade
                                               SLCU will be upgrading its Bill Pay                     viewing scheduled payments and
                                               web pages this fall. The new page                       payment history from the same
                                               layouts will be a more user-friendly                    location.
                                               layout. The most noticeable change
                                               will be the three tabs across the top of                The three tabs will always be visible
Pictured above: Kat Smithe, SLCU Marketing     the page. These tabs will replace the                   on the page. The background color
Director, making a presentation at the Prior   buttons currently located along the                     for the active tab will be different and
Lake-Savage Area Schools New Teacher           left side of the web page. The tabs                     the sub-menu with be bolded to let
Breakfast.                                     are named Overview, Bill Pay and                        you know where you are in the bill
Congratulations                                Self Service.                                           pay process.
SLCU Glenwood                                  The Overview Tab will allow you                         The current links in the upper
SLCU Glenwood was selected by                  to schedule payments along with                         right will stay the same. For more
the Glenwood Lakes Area Chamber                                                                        information on the new look of Bill
of Commerce as their September                                                                         Pay check the Bill Pay web page on
Business Member of the month.                                                                          www. slcu.com/billpay.htm.
                                                                                                                                   7


First-Time
Home Buyers
                                                                                                Soo Line Credit Union
                                                                                                      Directory
The American Recovery and
                                                                                                 Board of Directors
Reinvestment Act of 2009 authorizes a          couples with incomes up to
tax credit of up to $8,000 for qualified        $150,000 qualify for the full tax        Larry Starns, Chairman
first-time home buyers purchasing               credit                                   Mark Johnson, Vice Chairman
a residence on or after January 1,             If the home is sold within 3             Lee Benedict, President/CEO
2009 and before December 1, 2009.              years of the purchase, the entire        Bruce Doll
Highlights of the program include:             amount of the credit is                  Jim Fandrich
                                                                                        Debbie Hickman
                                               recaptured at the time of sale           Judy Mitchell
    All principle residences are               (applies only to homes                   Mike Swenson
    eligible                                   purchased in 2009)                       Dick Walstrom
    First-time home buyers only;               To qualify, you must actually                Jan Belsheim, Secretary
    OR if you have not owned a                 close on the sale of the home
    home during the 3 years prior to           during this period.                            Supervisory Committee
    the purchase
    Credit is equal to 10% of the          If you’re looking to purchase a home,        Alice Jancsek, Chair
    home’s purchase price up to the        contact CU Companies at                      Mary Taylor
    maximum ($8,000)                       651-631-3111 for all of your home
    Purchasers who utilize revenue         buying needs including Realty,                                  Staff
    bond financing are still eligible       Mortgage and Title.
    Single taxpayers with incomes                                                       Don Alagona, Systems Operator
                                           Soo Line Credit Union does not offer tax
    up to $75,000 and married                                                               Direct Line (612) 373-9415 Downtown
                                           advice. Please consult your tax advisor or
                                                                                        Kat Smithe, Marketing & Business Dev.
                                           legal professional.
                                                                                            Direct Line (612) 373-9411 Downtown
HomeLoan Express. . . Fast, Simple, Easy. . .                                           Debra Bakken, Branch Manager
                                                                                             (952) 895-5277 South Metro
                                           In just minutes our Loan Officers             Jan Belsheim, COO/Assistant to CEO
                                           can help you apply for your new home             Direct Line (612) 373-9410 Downtown
                                                                                        Lee Benedict, President/CEO
                                           mortgage or refinance your current home.
                                                                                            Direct Line (612) 373-9412 Downtown
                                           You can apply right over the phone!          Priscilla Brown, Supervisor of Account
                                           HomeLoan Express has NO application              Services - Brooklyn Crossing
                                           fee and NO obligation. Call your Loan            (763) 569-9977
                                           Officer to apply!                             Shelley Cameron, MSR Glenwood

Auto Buying Services
                                                                                        Angie Denning, Loan Officer/
                                                                                            Asst. Visa/Checking/ATM
                                                                                            Direct Line (763) 503-5785
In addition to offering you great rates,        Jerry Velishek or Randy Velishek            Brooklyn Crossing
your credit union also offers you Auto           Velishek Auto -- 952-4472237           Todd Gylsen, MSR Glenwood
                                                                                        Judy Hammer, MSR Brooklyn Crossing
Buying Services. If you’re looking for
                                           Talk to your SLCU Loan Officer and            Sandy Hanneman, Loan Officer
a vehicle, talk with our auto buying                                                        Direct Line (612) 373-9413 Downtown
                                           get pre-approved. Knowing how much
experts. They’ll help you find just what                                                 Bimbi Justin, MSR Brooklyn Crossing
                                           money you are qualified to borrow
you’re looking for.                                                                     Jeanne Kohlhaas, Branch Manager
                                           will save you time. It will simplify             (651) 793-0830 St. Paul
     Frank Gersich or Jeff Flanagan        your next vehicle shopping experience.       Pam Lundquist, Loan Officer
          Burnsville Motors                Contact your SLCU Loan Officer today              (877) 634-0020 Glenwood
            952-808-0031                   at 800-355-7528, 877-634-0020 or via         Pat McGowan, MSR Brooklyn Crossing
                                           email at loans@slcu.com.                     Pat Olson, Vice President/Branch Manager
            Jim Boelter                                                                     (877) 634-0020 Glenwood
       CU Auto -- 651-746-6425                                                          Darryll Palmer, Executive Vice President/CFO
                                                      Ask us about
                                                                                            Direct Line (763) 569-0177
           Andy Armstrong                      Guaranteed Asset Protection                  Brooklyn Crossing
   Juettner Motors -- 320-763-3126                       (GAP)                          Joann Schmidt, MSR Downtown
            Kevin Hanson                      & Mechanical Repair Coverage              David Thompson, Collections Manager
 Schweiters Chevrolet -- 320-634-4507                    (MRC)                              Direct Line (763) 560-4283
                                              on your next vehicle purchase.                Brooklyn Crossing
   Cheryl Stauffer or John Tackaberry                                                   Mary Urban, MSR Glenwood
  Star West Chevrolet-Honda Sports
             763-972-2984
8


International Credit Union Day                                                         SLCU RATE LINE:
                                                                                        1-800-797-8786
                                                                                        Remember to call your SLCU
                                                                                        Rate Line for current rates on
                                                                                         Savings, CD’s and Personal
                                                                                        Loans or visit our website at

                                                                                          www.slcu.com.
                                                                                            Official Publication of
                                                                                            Soo Line Credit Union
                                                                                             SLCU OFFICES:
                                                                                             SLCU Minneapolis
                                                                                            501 Marquette Avenue
                                                                                                  Suite 1100
                                                                                           Minneapolis, MN 55402
                                                                                                (612) 373-9400
                                                                                           Toll Free 800-355-7528
                                                                                       Hours: M-F 8:00 a.m. to 4:00 p.m.
                                                                                         SLCU Brooklyn Crossing
                                                                                        3200 Northway Drive, Suite 380
                                                                                          Brooklyn Center, MN 55429
                                                                                                (763) 569-9977
                                                                                       Lobby M-F 8:30 a.m. to 4:00 p.m.
                                                                                                   Drive Up
                                                                                           M-F 7:30 a.m. to 5:00 p.m.
                                                                                             Saturday (Drive Up)
                                                                                               9:00 a.m. to noon
                                                                                             SLCU Glenwood
                                                                                          460 Franklin Street North
                                                                                                 P.O. Box 232
                                                                                            Glenwood, MN 56334
                                                                                                (320) 634-0020
                                                                                           Toll Free 877-634-0020
                                                                                                    Hours:
                                                                                       Lobby M-F 8:30 a.m. to 4:00 p.m.
                                                                                                   Drive Up
            International Credit Union Day                                                M-F 7:30 a.m. to 5:00 p.m.
                                                                                             Saturday (Drive Up)
              Thursday, October 15, 2009                                                      9:00 a.m. to noon

                      Join us for Cookies & Cider!                                          SLCU South Metro
                                                                                        14327 Huntington Avenue South
                                                                                             Savage, MN 55378

SLCU Offers AAA                              Invest In An IRA
                                                                                               (952) 895-5277
                                                                                                    Hours:
As a member of SLCU, you are eligible        Let us help you invest in your future        M-F 8:30 a.m. to 5:00 p.m.
                                                                                                  Saturday
for Group-Discounted Insurance through       with an Individual Retirement Account
                                                                                              9:00 a.m. to noon
AAA and exclusive discounts on AAA           (IRA). SLCU offers all types of IRA
membership. Already have AAA? You            accounts including savings accounts               SLCU St. Paul
can still receive the discount. Contact      and certificates of deposit. Set up your       475 Etna Street, Suite 7
The Group Agency at 651-766-7867.            IRA account with a monthly automatic            St. Paul, MN 55106
You can also contact the Group Agency        transfer or payroll deduction with no             (651) 793-0830
for a free, no obligation insurance quote.   minimum deposit today. (See page four                 Hours:
                                                                                          M-F 7:00 a.m. to 4:00 p.m.
Be sure to mention                           for current rates.)
SLCU’s Group Number:                                                                              E-mail us at
CRU012 when calling                                                                        minneapoliscu@slcu.com
The Group Agency.                                                                             or loans@slcu.com

				
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