Return to flip book view
ON THE MARKNuMark Credit Union NewsSPRING 2023IN THIS ISSUEMESSAGE FROM THEPRESIDENT AND CEO,LLOYD M. FREDENDALLSAVE MORE WITH SAVINGS ACCOUNTS, CD’S ANDMONEY MARKETSONE MILLION DOLLARGIVEBACK TO OUR MEMBERSMESSAGE FROM THE PRESIDENT AND CEO, LLOYD M. FREDENDALLHOME BUYING TIPSENHANCEMENTS TONUREWARDS PROGRAMOur teams are working diligently to bring their accounts onto our coreprocessing system which is scheduled to be completed later thissummer. Once the conversion is complete, all NuMark members will be able to conduct business at any one of our thirteen branch locationsincluding the newest oces in Earlville, Paw Paw, Sublette, and Woodhaven.NuMark Credit Union is strong and growing. We have a strong capitalposition and economies of scale that will help us continue to grow in service to you. NuMark has something for everyone. From aordable mortgages, auto, personal and business loans, to free checking accounts, competitive-rate CDs and business services. You can count on us for better rates, exceptional service, and easy access to your money.- Article continues on the next page2023 SHRED DAY DATESWe are excited to announce that on April 1st the Pioneer State Bank merged with NuMark Credit Union. Please join us in welcoming our newest members to the NuMark Family. With all of the financial products and services that we have to oer, we are looking forward to showing our newest members the value of credit union membership and helping them do more with their money.
• 0.25% Rate Bump for a CD or IRA up to $50,000 (20,000 points) • $250 O Mortgage Origination Fees (19,200 points) • $100 O GAP Insurance (16,800 points) • One Fee Waiver up to $30 (14,400 points) • One Free Skip-a-Pay (12,000 points) • Free Box of Checks (9,600 points)See your monthly statement for your NuRewards point total.Please note: The old Bonus Reward items have been discontinued.- Cover Article (Continued)We are in an excellent position to continue to provide the best financial products and services to help you achieve your financial dreams. At NuMark you can rest easy knowing that your savings are federally insured to at least $250,000 by the National Credit Union Administration (NCUA). NCUA is the federal agency that charters and supervises federal credit unions and ensures savings in federal and most state-chartered credit unions across the country through the National Credit Union Share Insurance Fund (NCUSIF), a federal fund, backed by the full faith and credit of the United States Government.Recently, NuMark Credit Union was awarded aCertificate of Excellence by the Credit Union NationalAssociation (CUNA). CUNA determined that NuMark Credit Union provided $7,225,434 in direct financial benefits to its 56,334 members during the twelve months ending in September 2022. These benefits are equivalent to approximately $269 per member household. As we continue to grow, we achieve more economies of scale which allow us to do more to serve our communities and help more people enrich their financial lives.Let’s talk about your financial needs and dreams. Our outstanding team of talented and caring professionals are ready to serve you. Let’s continue to grow stronger and build a fantastic future together!Lloyd M. FredendallPresident & CEOENHANCEMENTS TO NUREWARDS PROGRAM Our NuRewards program gives members points based on the number of products and services that they have with NuMark.The more services that you have, the more points you earn and the more benefits you receive.As of March 1, 2023, your NuRewards points are worth more. You will now have the opportunity to cash in your NuRewards points for special bonus rewards including:Changes often happen quickly in the home buying market, so working with a professional is key to your success.Here are some tips to help you get started:1. Don’t stress: Buying a home is one of the biggestpurchases you could possibly make. Research the market in the area you are interested in and know what you really need for your home and what you want. You will find your perfect home when the time is right.2. Prepare your credit: The higher the credit score, the more flexibility you’ll have when it comes to programassistance and it will also help you get the best interest rate. If your score isn’t the best or you have a fewblemishes, don’t get discouraged, you may still qualify. 3. Get a pre-approval letter: Meet with a loan ocer, submit your income documents, have your credit score checked, and have the ocer go through underwriting to see how much you can get pre-approved for based o your credit profile at the time. Pre-approval letters are good for 30 days. Purchasing a home is often an overwhelming process. That’s why it is important that you work with a mortgage professional who will take the time to talk with you, walk you through the process, talk about your goals, answer all of your questions, and explain all your options.If you would like to learn more, our mortgage experts will be happy to assist you. Also, be sure to check our website for future free in person seminars. Visit numarkcu.org or give us a call at 815-744-7497 for more home buying tips. HOME BUYING TIPS
Are you looking to save more money? One of the best ways to save it is to put money aside before you spend it. We oer a variety of ways to set up automatic transfers directly from your paycheck into a savings account.Certificates of Deposits (CD’s) are a great tool once you’ve saved at least $1,000. They provide a higher interest rate, and your savings is locked in for a set term like 6, 12, 24, 36, 48 or 60 months. Watch for CD specials to save even more. At the end of the term, you receive your original deposit plus the compounded interest.Money Markets oer a higher interest rate than a regular savings account, and they are for higher savings balances. Our interest rates are tiered, so you will earn more starting at $2,000, $25,000, and $50,000. Money markets come with a book of checks, and you are able to make withdrawals up to six times per month without incurring a fee.At NuMark Credit Union, we are ready to help you jump start your savings. Let’s talk about your needs. Call us at 815-729-3211 or visit your nearest branch. See more details and rates at numarkcu.org. Our deposit accounts arefederally insured up to $250,000 by the National Credit Union Administration.Goal Saver comes with a higher interest rate, and as you make deposits each month your balance will grow. Withdrawals are limited to once per quarter and a $250 opening deposit is required along with a $10 minimum deposit per month.Secondary Savings accounts allow you to set aside funds as you need them, and you can make automatic transfers using online or mobile banking.Christmas Clubs take the stress out of holiday shopping and watch your balance grow. On October 1st, your savings is deposited into your primary share, and you are ready to shop.SAVE MORE WITH SAVINGS ACCOUNTS, CD’S AND MONEY MARKETS•••
WHERE YOU ARE FAMILYNUMARK CREDIT UNION GIVES ONE MILLION DOLLARS BACK TO THEIR MEMBERSNuMark Credit Union started 2023 with a special rebate totaling $1,000,000! NuMark’s volunteer Board of Directors granted a member rebate to thank their members/owners who are their biggest supporters. The individual amounts were calculated based on product and service usage levels and were distributed to over 14,000 of their 59,000 members. Members received rebates ranging from $40 to $150.“Members who take advantage of multiple services at NuMark allow us to enhance the experience for the entire membership. Their support allows us to enrich our product and service oerings while developing new technologies which will help our members do more with their money,” says Lloyd Fredendall, President & CEO.“We believe everyone should have access to products and services that enrich their financial lives,” says Cli Struthers, Board Chairman. “Our credit union is strong and growing. We are thrilled to be able to say, ‘thank you’, to our members in such a meaningful way.”As a not-for-profit financial cooperative, NuMark Credit Union shares its success with its members through free services,fewer fees, lower loan rates, better savings rates, enhanced services, and more.In recent years, NuMark Credit Union has given its members over $3.5 Million dollars in loan interest rebates, checkingaccount rebates, and member bonuses.“It is an exciting time to be able to give money back to our members,” says Fredendall. “We hope our members enjoy their bonus. We truly appreciate their business and look forward to growing together in 2023.”
WHERE YOU ARE FAMILYContact UsSr. Editors: The NuMark Marketing Dept.Ask@numarkcu.orgHoliday Closings:Memorial Day - Monday, May 29thJuneteenth - Monday, June 19thVisit numarkcu.org for branch locations and hours. NUMARK NEWS 2023 Shred DaysShredding old personal information is a great way toprevent identity theft. We are happy to announce that we have partnered with Document Destruction LLC to bring back our Shred Days again for 2023!Watch your documents get destroyed before your eyes! Click here for a list of which items to keep and which ones to shred.NUMARK ANNUAL MEETINGThe Annual Meeting for our members for the election of directors and other business will be held at Ashbury’s at Boughton Ridge, 335 E Boughton Rd, Bolingbrook, IL 60440 on Tuesday, April 25th at 4:00 p.m. Members are encouraged to attend. Refreshments will be provided.SAVE THE DATEYOU CAN BRING UP TO TWO BOXES OF PAPERS & ELECTRONICS.* *Closed bags and boxes with lids only. Tube televisions, cloth ormetal items, glass, monitors and clothing are not accepted.Saturday, April 22ndWarrenville Branch3S555 Winfield Rd.9:00am-11:45amSaturday, June 10thCountryside Branch9809 W. 55th St.9:00am-11:45amSaturday, August 12thCrest Hill Branch2380 Caton Farm Rd.9:00am-11:45amSaturday, September 30thTinley Park Branch8001 W. 159th Street9:00am-11:45am