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									                                                                                                                               Fall 2008

                                M e m b e r ’s                         Q u a r t e r l y

                               A Quarterly Publication Courtesy of Parker Community Credit Union

                                            GROWING. STRONGER.
As membership grows for your credit
union, we all grow stronger. Show your
support and help grow membership in
your credit union by displaying one of
our free Better Join window clings
(shown below) on your vehicle win-

Spread the good news about your
credit union and you could win a $100
gas card in each of six weekly drawings,
or our grand prize of a $500 gas card.
                                                                                                              August, 2008
We'll be jotting down the license num-         Expansion of the Lexington branch facility began Lexington Branch Expansion Underway
bers of automobiles bearing this Better     in June of this year. In late August, with
Join sticker and drawing for weekly         the exterior framing complete, contractors
winners. If you're spotted displaying       began interior drywall, plumbing and electri-
the window cling on your vehicle you'll     cal work, and the installation of brick on the
be entered into weekly drawings for
                                            addition's exterior.
these great prizes.
                                                Your newly expanded branch will have in-
1) Place the static cling on the inside     creased office space, records storage and se-
   of your vehicle window                   curity and a reconfigured member service
                                            areas to better serve you. Each aspect of the
2) Visit our lobby or our web site to
   see if your license number is posted     plan is designed with improved service to our
                                            members in mind.
3) If you see your license number               In addition to accommodating more
   posted, just see one of our friendly     staff, our new space will allow for handicap
   staff members to claim your prize!       accessibility and more timely and efficient processing of your transactions. We've also designed
Clings are available at either of our       space for more privacy when we meet with new members, or process your loan applications.
branch locations beginning                      The renovation and expansion is expected to be completed in the spring of 2009. During that
September 22, 2008.                         time we will maintain our normal office and drive-thru hours. "Our strength as a credit union
                                            comes from our members. Membership has grown steadily through the years and we anticipate
Drawing details are available in our
                                            continued growth in the future. With that comes the need for us to meet the demands for better,
lobbies and on our web site                               more personal and more efficient service. "said Jerry Bohne, PCCU president.
                                                In the months ahead we'll share updates with you via our member newsletter and online
No purchase is necessary to win.            at
Solicitations for credit cards are everywhere - ads on television and the Internet, countless direct mail offers in the mailbox - all with at-
tractive low interest rates and easy balance transfers. However, it's quite easy to get caught in the balance transfer trap. The trouble
comes when the low rate spikes (usually within six months) and the balance on the card hasn't been paid down enough to offset the big
rise in the interest rate. The average interest rate on a credit card is 18 percent or higher.

Take a look at the interest you're paying on your other credit cards and compare to PCCU's rates. With our credit cards you won't have to
worry about spiking interest rates. Our rates are fixed and not tied to an obscure index that will suddenly jump up whenever the index
rises. We offer the same interest rate for purchases, cash advances and convenience checks. Our rates have not been changed since 1996.
Also, we do not share or sell your personal information. Imagine carrying a credit card you feel good about from people you trust.

Our VISA Gold Card
       •   Low FIXED rate of 9.9% APR for balances from $0 - $7,500
       •   Even lower FIXED rate of 8.9% APR for balances from $7,501 - $15,000                            $5,000 initial credit line with up to
       •   Maximum credit line of $15,000
       •   No Annual Fee, no cash advance fees, no convenience check fees
       •   25-day Grace period on purchases
           Convenient online account information and payments

           VISA Classic Card
       • Fixed rate of 13.9% APR - maximum credit line of $5,000
       • No Annual Fee, no cash advance fees, no convenience check fees
       • 25-day Grace Period on purchases
         Convenient online account information and payments

                 Which card is right for you? You decide. You can apply online at or call us at (608) 754-7950.

FREE Workbooks                                                                     BENEFITS OF CONSOLIDATING
In our lobbies, we have workbooks to walk you through problems                           STUDENT LOANS
associated with a job loss or personal debt. These workbooks will
show you things you might not know - and information that could                 As college costs soar, more students pay for their education with
make your hard times a bit more bearable.                                       student loans, and graduate deeply in debt.

These workbooks are free for the asking!                                        College borrowers frequently have several loans held by more than
                                                                                one lender, with varying rates on each loan. This makes figuring
All workbooks are available in the lobby of both our locations.
                                                                                out whom to pay - and when and what to pay them - quite a
Or, you can contact us. We'll be happy to send them to you.
Some of the workbooks we have available are:                                    financial burden.

                                                                                Consolidating those loans into one - with a single fixed-rate - can
                             •The Job Hunting Handbook                          relieve this burden and probably lower your monthly payment as
                              •Out of Hock and Out of Debt                      well. A variety of repayment plans will help you tailor your repay-
                               •Surviving a Layoff                              ment program to your financial needs and goals.

                                •Your Budget Blue Print                         We have in our lobbies a brochure pertaining to the Federal Con-
                                 •Your Investment Choices                       solidation Loan Program that will answer all your questions. You
                                  •Home Buying Guide                            can stop in and pick one up or just ask us to send it to you, or you
                                                                                can access this information at, or call Great Lakes
                                   •Your Retirement Guidelines                  Higher Education Corporation at 1-800-236-6600. When you call
                                    •Your Insurance Options                     please give them our name Parker Community Credit Union and
                                                                                our lender number which is 871413.
     Mortgage Rates are still very low.
     Come to PCCU for your mortgage needs.
     First time buyers
     Most of us would admit that buying a home is quite exciting, but finding the right financing can be intimidating. That's why
     right from the beginning, you should come to PCCU and talk with one of our loan officers. We'll give you practical information
     that will both prepare you before you begin the home-buying process and guide you while you're in the midst of it. And you'll
     find that our mortgage rates are more than competitive.

     Refinancing now could save you thousands
     If you financed your mortgage with another lender, now may be the perfect time to refinance your loan with PCCU to take ad-
     vantage of our lower rates and possibly shorten the term of your loan as well.

     Let's Talk Vehicle Loans
     Did you know you can refinance your automobile loans? If you currently have your auto loan financed with another financial in-
     stitution, consider the credit union's great car rates. The application and approval process is quick and easy. You can even
     apply online at

     Our rates are made available to assist you in making financial decisions. Rates are subject to change and when in doubt, please
     Contact Us. Rates last updated July 30, 2008.

     First Mortgage Loans -- Three Year Demand Feature              Second Mortgages

     TERM               90% Financing     80% Financing             5 years or less - 9.00% APR* Fixed
                         No Points No Points                        6 - 15 years - 9.50% APR* Three year demand feature
     15 years or less     6.75%APR*          6.50% APR*             New and Used Vehicle Loans
     16-30 years          7.15% APR*         6.90% APR*
                                                                    Age of Vehicle     80% Financing      100% Financing     Term
     TERM               90% Financing      80% Financing
                         One Point        One Point                 2006 or newer      6.15% APR*         6.65% APR*         60 Months
                                                                    2003-2005          7.25APR*           7.50% APR*         54 Months
     15 years or less     6.50% APR*         6.25% APR*             2002 or older      8.25% APR*         8.50% APR*         42 Months
     16-30 years          6.90% APR*         6.65% APR*

Happy Credit Union Day 2008
We're celebrating a special day, and you're part of it. Join us October 16th to celebrate International Credit Union Day with this year's
theme "My Credit Union: It Belongs to Me". International Credit Union Day celebrates the history, tradition, and spirit of the international
credit union movement and those who own it.

We want to take this opportunity to thank you for being an important part of Parker Community Credit Union. It's members like you who
help to make up this truly special organization not shareholders with other motives. You own your credit union, and we are here to serve you.

Credit unions exist to provide a safe, convenient place for members to save money and to get loans at reasonable rates. According to
Credit Union National Association (CUNA), credit union members save $240 a year per household. Take full advantage of your credit
union membership. Meet your borrowing and savings needs with our member friendly, low-priced services.

This International Credit Union Day, we are excited to be a part of your hopes and dreams. Thank you for being part of the credit union
difference. Let us know how we're doing and what we can do to make your credit union membership even better.
Call us today at (608) 754-7950.

Please come and join us on Thursday October 16th and Friday October 17th at either of our locations for some refreshments, to help us
celebrate International Credit Union Day. We'll look forward to seeing you!
"ADVANTAGE" ACCOUNT                                                          Holiday Schedule
Dividend Rate effective 10/01/2008 is 1.35% with an Annual Percentage        Wishing you and your family a bountiful Thanksgiving Day
                                                                             and a joyous holiday season.
Yield of 1.36%. $1,000 minimum balance to earn dividends - paid monthly.
                                                                             We will be closed on the following days:
Unlimited deposits, unlimited cash withdrawals, and no service fees.
Check withdrawals of up to 3 per month of at least $250 each.                Thanksgiving                   Thursday, November 27
                                                                             Christmas Eve                  Wednesday, December 24
                                                                             Christmas Day                  Thursday, December 25

                                                                             New Year's Eve                 Wednesday December 31
                                                                             New Year's Day                 Thursday, January 1, 2009

                                                                             Christmas Club Members
                                                                             Your Christmas Club money will be available to you on
   Because we are so serious about paying the highest yields on Cer-         Saturday, November 1, 2008. The funds will be deposited
  tificate Rates, we will beat any recently published rate of any finan-     into your savings or checking accounts depending on what
  cial institution in Rock County, Wisconsin. It won't be easy to find       you requested last year. If you wish any changes, please
  higher advertised yields, but if you do, let us know and we'll verify      call us at 754-7950 by Friday, October 24th.
  the rate. If that published rate is higher than PCCU's published
  rate, we'll beat it using one of the two following options. With as lit-   Join Our Christmas Club
  tle as $1,000 members can invest in a Certificate.
                                                                             During the holiday season, many of us end up charging
  Choose either way:                                                         our purchases on high rate department store credit cards.
                                                                             Then, after the New Year, those bills start pouring in and
  1. All members qualify to Beat the Rate of any Rock County                 reality of the holiday shopping really hits home.
     competitor's rate by .05%.
                                                                             We have two great solutions for you. (1) Apply for our low
  2. If you have a Checking Account or an Advantage Money Market             rate VISA credit card online at or pick up an
     Account and use any additional service you will earn an                 application at either of our locations, and (2) join our
     additional Beat-It Bonus! Your rate will rise to .10% above the         Christmas Club. You can deposit as much as you want or
     competitor's rate.                                                      as little as you can. Here's how it all adds up.
  Plus, after your initial deposit of at least $1,000, you can make ad-      $1.00/week*.$ 52               $10.00/week*.$ 520
  ditional deposits of $1,000 or more at any time, with a maximum of         $2.00/week*.$104               $15.00/week*.$ 780
  $100,000 during the life of the certificate. Plus, if rates rise you can   $3.00/week*.$156               $20.00/week*.$1,040
  request a one time rate adjustment on your share certificate, con-         $5.00/week*.$260               $25.00/week*.$1,300
  tact us and we will raise the rate to the current rate.

      Annual Percentage Yield Dividend Rate
                    $1,000*            $10,000*          $25,000*                                   HOURS &
                   APY Rate           APY Rate          APY Rate                                   LOCATIONS
      3 Months    2.00% 1.99%        2.25% 2.23%       2.40% 2.38%              2652 N. Lexington Dr.               1101 N. Parker Drive
      6 Months    2.15% 2.13%        2.40% 2.38%       2.55% 2.53%              P. O. Box 937                                P. O. Box 937
                                                                                Janesville, WI 53547-0937      Janesville, WI 53547-0937
     12 Months    2.30% 2.28%        2.55% 2.53%       2.70% 2.67%              (608) 754-7950                             (608) 754-7950
     24 Months    2.60% 2.57%        2.85% 2.82%       3.00% 2.97%
                                                                                        To Call PCCU Toll Free: 1-800-881-7950
     36 Months    2.90% 2.87%        3.15% 3.11%       3.30% 3.26%                      To Call “PAL” Toll Free: 1-800-755-6695
     48 Months    3.05% 3.02%        3.30% 3.26%       3.45% 3.41%                                  LOBBY HOURS
                                                                                 Monday, Wednesday & Thursday 8:30 a.m. - 5:00 p.m.
                                                                                            Tuesday 9:30 a.m. - 5:00 p.m.
                                                                                     Friday 8:30 a.m. - 6:00 p.m. (both locations)
  * = Minimum amount to open                                                                Saturday 9:00 a.m. - 12 noon

                   BOARD OF DIRECTORS
                                                                                        (lobby open only on N. Lexington Dr.)
                                                                                         Monday - Friday 8:00 a.m. - 6:00 p.m.
                                                                                     Saturday 9:00 a.m. - 12 noon (both locations)
        Jerry A. Bilek, Chairman Nels J. Madsen, Vice-Chairman
                                                                                               Visit our web site at
         James W. Arneson, Treasurer Karen R. Ellis, Secretary
                    Martin E. Wacha Donald F. Draheim
            Oliver M. Anason Dennis Steed Michael A. Bier

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