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          WIRE                      Winter | 2010
                                                                                                 President’s Message
                                                                                                 The Hidden Truth of 0%
                                                                                                 1% Cash Back on Refinances
                                                                                                 Life Insurance Reviews
                                                                                            •    Keep Yourself Safe from ID Theft
                                                Connecting Members of                       •    Community Involvement
                                                                                            •    Foreclosure Help
                                          St. Paul Federal Credit Union                     •    2011 Bowling Tournament Information

Notice of 57th Annual Meeting
Date:       February 4, 2011
Location:   IBEW 110 Union Hall
            1330 Conway St.
            Saint Paul, MN 55106
Time:       6:00 p.m.

Dinner:     $5 (Free Admission)

The 57th Annual Meeting of members of St. Paul Federal Credit Union will be held
Friday, February 4th, beginning promptly with a social “half-hour” from 6:00 - 6:30
                                                                                            2011 Skip-A-Payment
We will immediately follow the social half-hour with a business meeting. Officers
of the Credit Union will present their annual reports and the election of officers            Throughout 2011 St. Paul Federal
will be held. This will be followed by dinner and door prizes. Dinner choices to be         Credit Union is helping our
determined.                                                                                 members by giving the opportunity
                                                                                            to skip a loan payment. Now is
The names of the nominees for offices to be filled at this election will be presented         the perfect opportunity to keep
by the Nominating Committee, appointed by the Chairman of the Board of                      some cash in your pockets after the
Directors. Members wishing to nominate candidates may do so from the floor, or              holiday season!
by submitting names in writing by 1/28/11 to:
                                                                                            Loan requirements and restrictions apply. A $35
Nominating Committee
                                                                                            processing fee is required prior to skipped payment
c/o St. Paul Federal Credit Union                                                           and only one (1) skip allowed per loan, per year. Of-
1330 Conway St., Suite 200                                                                  fer only valid for collateralized loans and does not
Saint Paul, MN 55106                                                                        include mortgage products. All loans must be cur-
                                                                                            rent. Please ask a Member Service Representative
If elected, nominees must agree to serve and fulfill the obligations of office.               for more details.

Dan Muccio, Secretary

Please confirm your reservation and submit payment before January 28, 2011.

                                                                                      Personalized Service • Trust • Commitment
President’s MessAge                                    Around             the       Wire
                                                       The Hidden Truth Behind 0% Dealer Financing
                                                       Automakers love to publicize their 0% offers nearly year round nowadays. But how good of a deal is 0%?
                          Theresa Malone               Here are some surprising facts about dealership 0% financing:
                           President/CEO               •    0% is used as a teaser rate to get potential customers to apply for financing. Only those with
                                                            exceptional credit history will qualify for this rate. Getting you to apply for 0% offer allows them to
                                                            counter with a higher rate since you have already applied for financing, making it easier for them to
                                                            pressure you into a vehicle with the financing ready to go.
       St. Paul Federal Credit Union...                •    Many times the savings from a 0% offer will not save you as much as taking the dealer rebate in-
  Delivering the true value of membership.                  stead. Even if you do qualify for the 0%, often taking a low rate loan from the credit union will offer
                                                            you better savings then taking the rebate. Take a look at the table below to see an example of taking
There are several reasons why our members choose            the rebate offered on a 2010 Ford Ranger vs. taking the 0% financing.*
St. Paul Federal Credit Union as their financial       •    Many of the 0% offers require certain stipulations such as a substantial down payment. In many
institution. Our mission is to commit ourselves to          cases no down payment is required for St. Paul Federal new automobile loans.
the communities we serve by providing beneficial       •    If you ever want to do a loan add-on (borrow more money against your collateral), almost certainly
products and services that meet the needs of our            your rate will skyrocket from the 0% to something much higher.
members. St. Paul Federal Credit Union offers a        •    St. Paul Federal won’t charge you pre-payment penalties, hide costs, or practice any of the other
full line of products and services, ranging from            tricks that you may encounter in a high pressure dealership setting.
checking, loans, and mortgages to financial
planning services. St. Paul Federal Credit Union           Rebate vs. 0% financing offer example:
is a not-for-profit financial cooperative that is                                          St. Paul
owned by you, the member. Unlike banks and                                                 Federal          Dealership
other financial institutions that pay stockholders,
we exist to help you reach your financial goals. Our                  Cost                 $17,820            $17,820
Board of Directors are volunteers that are elected                 - Rebate                 $2,500                 $0
by the membership. These individuals are truly
                                                                 + Sales Tax
committed to serving you and your credit union.                                               $996              $1158
Another way that St. Paul Federal delivers                      - 10% Down
                                                                                            $1,800             $1,800
outstanding value to members is through lower                     Payment
service fees, competitive savings rates, and better           Total Financed               $14,516            $17,178
rates on loans. It is definitely a “buyers” market.
Loan rates are near record-low, meaning a borrower                Monthly
                                                                                           $267.27            $286.30
can get considerably more value for their money                   Payment*
today than in recent years. At St. Paul Federal
Credit Union, we make every effort to price our
products competitively or better. Many of our                Finance Charge                  $1520                 $0
members enjoyed 5.10% APY paid on their checking                  Total Cost               $17,836            $18,978
accounts this year. In 2010, your credit union paid
                                                              Amount Saved                  $1,142                  -
out over $xxxxx in bonus dividends on this featured
                                                           *Comparison for example purposes only. St. Paul Federal rate quoted for consumer with exceptional credit history and a 5-year loan
checking account, another example of delivering            at 3.99% Annual Percentage Rate (APR) versus dealership financing at 0% APR. Estimated savings based on a publicly listed local
the true value of membership.                              incentive with base model manufacturer’s suggested retail price (MSRP). Actual rate received is based credit history and term. Rates
                                                           are subject to change. Quoted 12/10. Incentive amount from and MSRP from on 12/20/10.

Ensuring that we provide convenience is an
important factor to our members. Our Call Center,       1% Cash Back on Your Auto Loan Refinance!
offering bilingual services including Spanish,          So you found your dream car, but didn’t finance through the credit union. Now is your
is available to assist you 24/7, no matter what         chance to refinance your loan to a better rate, get the service you deserve, and we’re adding a
time of day you need to speak to a credit union
                                                        little bonus on top of that. Through February 28, 2011 if you refinance an auto loan from
representative. Our members also have access
                                                        another institution we’ll give you 1% cash back on the balance transferred!*
to their accounts through over 4,000 Shared
Branching locations and most recently, mobile
                                                        Now is the perfect time to take advantage of rates as low as 3.99% APR on 60-month
banking through mBank, free online banking, bill
                                                        auto loans and put some cash back in your pockets after the holiday season. Hop in your
payment, and much more. This is true value!
                                                        car and head to your nearest branch, visit, or give us a call at 651-772-
Finally, I would like to take a moment to thank         8744 or 1-800-782-5767 for more information or to refinance your car today!
you, our members , for your continued patronage.
You are what make all the difference! We are here                          We are besting the competition with low rates,
to serve you and your family. I also want to thank                         great offers, and personalized member service!
our volunteers who devote their time, talents and
energy into making the credit union the success
it is today. We couldn’t have done it without                                                                                               *APR - Annual Percentage Rate. 3.99% APR quoted
their commitment to delivering true value of                                                                                                for exceptional credit history and terms of up to 5
membership.                                                                                                                                 years. 1% cash back valid only for refinances from
                                                                                                                                            another institution and loans with a balance greater
                                                                                                                                            than $5000 and must qualify for loan with St. Paul
May you all have a very happy and prosperous 2011!                                                                                          Federal Credit Union. Expires 02/28/11. Rates
                                                                                                                                            subject to change.

The Wire | Winter 2010                           Personalized Service • Trust • Commitment
Life Insurance Reviews
                                                                                                                                      Community Involvement
One of the many ways that Investment Centers of America can help you is by
providing answers to many questions surrounding life insurance:
•    What kind of Life Insurance is best for my situation?
•    How much Life Insurance do I need?
                                                                                                                                      St. Paul Federal Credit Union recently
•    Do my old policies still meet my needs?                                                                                          helped students at Como Park High
                                                                                                                                      School achieve their college dreams and
You may not realize how important it is to review your old insurance                                                                  prepare for their futures by running a
policies to assure that your needs are still being met. As companies adopt                                                            fund-raiser raffling tickets for a chance
updated life expectancy standards, the older policies can often become                                                                at the St. Paul Federal Cash Tornado. All
outdated. Investment Centers of America would be happy to review old                                                                  proceeds were donated to the Academy
                                                                                                               Chris Reisdorf
policies with you as part of an overall, no-obligation financial check up.                                                            of Finance at Como Park High School.
Give Chris Reisdorf a call at 651-772-8744, extension 732 or e-mail him
                                                                                                               Financial Advisor
                                                                                                                                      The Academy of Finance is a learning
Who should be talking with us about Life Insurance? Anyone who is:                                                                    community that offers high school stu-
•   Buying a new home.                                                                                                                dents an opportunity to study account-
•   Planning for retirement.                                                                                                          ing, international trade, leadership, and
•   Looking at Estate Planning.                                                                                                       the use of technology in preparing for
•   Covering funeral costs.                                                                                                           college and a career in finance. It also
•   Age 50+ and have a cash value life insurance policy they purchased                                                                allows for students to earn college credit
    20 - 30 years ago.                                                                                            Located at:
                                                                                                                                      while still in secondary education. The
•   In short, EVERYONE!                                                                                          St. Paul Federal
                                                                                                                                      program is offered in only approximately
                                                                                                                  Credit Union
                                                                                                                                      260 schools nationwide.
Term Insurance Examples:
                                                                                                                                      Keep an eye on the website and in our
                    Details                                    Insurance Benefit                           Monthly Cost
                                                                                                                                      lobby’s for the next appearance of the
      Male, Age 55, Non-Smoking                           10-Year Term - $250,000                                 $49                 cash tornado!
     Female, Age 55, Non-Smoking                          10-Year Term - $250,000                                 $36

Investment Centers of America, Inc. (ICA) member FINRA, SIPC and a Registered Investment Advisor, is not affiliated with St. Paul
Federal Credit Union. Securities, advisory services and insurance products offered through ICA and affiliated insurance agencies are
• not insured by the NCUA or any other federal government agency • not a deposit or other obligation of, or guaranteed by any
credit union or their affiliates • subject to risks including the possible loss of principal amount invested. ICA does not provide
                                                                                                                                          Facing Foreclosure
any tax or legal advice.                                                                                                                Contact one of these resources for help.
*Examples are for illustrative purposes only. Benefit guarantees are based on the claims-paying ability of the underlying insurance
company. Costs are subject to change based on several factors, including overall health and family history.                            Minnesota Home Ownership Center:
                                                                                                                                      651-659-9336 or toll free 866-462-6466.
Keep Yourself Safe From High Tech Criminals
Instances of high tech identity theft are becoming more and more common in recent months. The per-                                      The Homeownership Preservation
centage of instances of high tech ID theft are starting to catch up with the traditional dumpster divers.                                Foundation: 1-888-995-HOPE.
Here are some of the most common forms of fraud high tech criminals use:
                                                                                                                                       Freddie Mac’s Don’t Borrow Trouble
Phishing: Phishing is when a criminal impersonates a reputable source and attempts to steal                                                Minnesota: 612-312-2020.
your personal information such as passwords, bank information, or other sensitive information.                                  
This is typically in the form of an fraudulent e-mail that directs you to a website developed to get
your personal information. Please note that St. Paul Federal will never send any e-mails besides
                                                                                                                                           Dakota County Community
promotional e-mails and will never demand your personal information.
                                                                                                                                       Development Agency: 651-675-4400.
Pharming: Pharming is the practice of a criminal mimicking a website so that a person is tricked
into inputting information into the fake site. St. Paul Federal                                                                         Twin Cities Habitat for Humanity:
has developed multiple layers of security to our Internet Bank-                                                                                612-331-4090 ext. 3
ing service. If you attempt to access your account and it brings
you to an unfamiliar webpage, please contact us immediately.
                                                                                                                                         Minneapolis residents can dial 311
We will announce any changes to Internet Banking in the News
section of the homepage.
                                                                                                                                         Homes and Communities - U.S.
Vishing and SMiShing: Use of the phone in an attempt to
                                                                                                                                        Department of Housing and Urban
steal your information, through text messages, phone calls,
                                                                                                                                                Development -
and voice mails. Remember that St. Paul Federal will have your
information on file and will never do any more than verify the
information we have. If a call claiming to be St. Paul Federal is
requesting personal information from you and you do not feel                                                                          In the city of Saint Paul call 651-266-6266
comfortable with it, hang up and call the credit union back at                                                                           for FREE counseling to learn the steps
651-772-8744 or 1-800-782-5767 and speak to a credit union                                                                            necessary to keep your home. Para español
employee.                                                                                                                                            651-292-0131.

The Wire | Winter 2010                                                  Personalized Service • Trust • Commitment

No time to spare!                                                                          Conway Office
Get your entry in as soon as possible and hit the head pin at:                             1330 Conway St., Suite 200
                                                                                           Saint Paul, MN 55106
St. Paul Federal Credit Union’s
Annual Scotch Double No-Tap                                                                Hillcrest Branch
Bowling Tournament                                                                         1622 White Bear Ave.
When:        Saturday, March 19, 2011                                                      Saint Paul, MN 55106
             12:00pm            Check-in
                                                                                           St. Paul Skyway
             1:00pm      Bowling Begins
                                                                                           30 East Seventh St., Suite 270
             Dinner and door prizes will
             follow the tournament at the                                                  Saint Paul, MN 55101
             Electrical Industry Building.                                                 Minneapolis Skyway
Where:       Sun Ray Lanes                                                                 300 South Fourth St., Room 262
             2245 Hudson Road                                                              Minneapolis, MN 55415
             Saint Paul, MN 55119
                                                                                           phone: 651-772-8744
                                                                                           toll-free: 1-800-782-5767
Details:     Six games Scotch no-tap — alternating shots                                   fax: 651-772-8787
Entry Fee:   $20 Per Person - Bowling and Dinner
             $10 Per Person - Dinner Only                                                  HOURS
                                                                                           Conway Office
Please complete the form below and return it, along with your payment to:                  Monday - Friday       8 a.m.— 5 p.m.
St. Paul Federal Credit Union                                                              Hillcrest Branch
Attn: Chris Petersen                                                                       Monday - Friday      9 a.m. — 5 p.m.
1330 Conway St., Suite 200                                                                 St. Paul Skyway
Saint Paul, MN 55106                                                                       Monday - Friday       8 a.m.— 5 p.m.
651-772-8744                                                                               Minneapolis Skyway
                                                                                           Monday - Friday   8:30 a.m.— 4 p.m.
All entries are due before 3/11/2011.
                                                                                           Drive-up (Conway Location Only)
                                                                                           Monday - Friday       8 a.m. — 6 p.m.
                                                                                           Saturday             9 a.m.— 12 p.m.
    Guest #1 Name                                                                          24-hour drive-up ATM
           Bowl and Dinner                   Dinner Only                                   24-hour Call Center Access

                                                                                           CLOSINGS - SPRING ‘11
    Guest #2 Name                                                                          Offices Closed:
           Bowl and Dinner                   Dinner Only
                                                                                           Conway & Hillcrest Offices:
                                                                                           January 2, 2011
    Deduct payment from account #                                                          April 2, 2011     Close at 12:00pm
    Check Enclosed
                                                                                           St. Paul and Minneapolis Skyway:
                                                                                           January 17, 2011
    (Authorized Signature)                                                                 February 21, 2011 Close at 12:00pm

                  Payment Must Accompany Registration

                                                                                             neXt ALong
     Beginning January 1, 2011 our Hillcrest Branch will be changing it’s hours to
          9:00am - 5:00pm. All other locations hours will continue as listed.
                                                                                             The Wire
                                                                                             • Spring Has Sprung

The Wire | Winter 2010                         Personalized Service • Trust • Commitment

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