Newsletter - Des Moines Metro Credit Union

Metro Matters
A Quarterly Newsletter Published For The Members Of Des Moines Metro Credit Union • Winter 2015
New/Used Car
Mortgage rates
are still low.
Model years 2013 and newer
Call your loan officer at 283-4195 or
apply online @
*Annual percentage rate is with qualifying credit and subject to change
without notice; some restrictions apply. Payment example: $17.53 per
month for every $1,000 borrowed at 1.99%APR for a 60-month term
Sign up today through
Home Banking
• Mobile Web Access
• Text For Balances
• Text Alerts
Use A Branch On Saturdays
Or While Traveling
rates as low as
rates as low as*
DMMCU can help you refinance
or purchase your next home.
15-year loan
*Rates are with qualifying credit and subject to change without notice; some restrictions apply. 3.569% annual percentage rate is
for a fixed-rate mortgage for 15 years. Payment example: 180 payments of $714.88 include principal and interest and is based on a
$100,000 balance and 15-year term. Estimated closing costs of $1200 apply.
Scholarship Opportunities
Scholarship opportunities for higher education are available
through the Iowa Credit Union Foundation. For more details
or to apply, go to, click
on grants and scholarships, then select Warren A. Morrow
Memorial Scholarship. Scholarship amounts range from
$500 - $1500. Applicants must be a member of an Iowa
credit union to be eligible. Deadline is February 6, 2015.
Use Our Car-Buying Resource
Are you or your family in the market for
a vehicle? Don’t forget we have a great
partnership with Enterprise Car Sales! They
are located at 2551 100th St, Urbandale, IA.
That’s right, Enterprise not only rents cars;
they sell them, too!
At Enterprise, you’re guaranteed hagglefree buying and worry-free ownership! Here are some benefits of purchasing with
No Haggle Pricing
12 Month/12,000 mile powertrain warranty
Vehicle Certification
Trade-Ins Welcome
Free CAR FAX Reports
7-Day Repurchase Agreement
12-Month Roadside Assistance
As a member of Des Moines Metro Credit Union you also receive:
KBB Trade-In Value + $500 year-round!
For more information about this partnership, ask your DMMCU staff or contact
Enterprise Car Sales at 515-251-5200 today!
Need to find a credit union shared branch
across town or in another state? Want to
make a deposit or withdrawal on a Saturday? Find a shared branch near you at:
Stay Connected
Go Green With E-Statements
Save paper!
Protect against mail fraud
Receive your statement faster
Six months' worth of statements for recordkeeping
To enroll: Log on to Home Banking. Select Self Service, select E-Statements, and
follow the enrollment instructions.
Lower Your Monthly Auto Payment, And
We’ll Give You $150 CASH!
If your car loan of $5000 or more is financed with
another lender, now is the perfect opportunity to refinance, receive a lower interest rate, and walk out
with $150 in your pocket.* Who couldn’t use an extra
$150? Rates are at an all-time low, so your payment
will probably be less, which means even more money
in your pocket!
Our interest rates on new and used vehicles are competitive, maybe better than the
rate you have now. Call for more information or apply today! This offer is available
for a limited time only. Please mention this offer when you apply or speak with
a loan officer.
*Must provide proof of current interest rate. Some restrictions apply. Loans already financed at DMMCU do no qualify.
Tax Information
1098, 1099, and 1099R
Your 1098 and 1099 forms will be sent in a separate mailing later this month. If you
do not receive one by January 31, 2015, contact the credit union. You will not receive
these forms unless your mortgage interest is $600 or more and/or your savings interest
is $10 or more. The 1099R is for members with an IRA.
If you are looking for an independent, trusted tax preparer in the Des Moines area,
Mote CPA is an excellent choice. Contact Dave Mote at 271-8183 for more details.
Your 2014 year-end Fair Market Value on your IRA at DMMCU can be determined
by taking the total of your IRA certificates and your IRA share savings (account types
08,13,14, and 19) from your 2014 year-end statement. Contact Sharon, Kelly, or Scott
at (515) 283-4195 with any questions.
Prepaid Reloadable Visa® Card
Less fees, less hassle, less risk! If you or someone you
know may need the spending power and convenience
of a checking account but is not ready to handle the
details, a reloadable card may be the best option.
Reloadable cards are also great for students who are
away at college or for traveling.
Card details:
Save money on check cashing and money orders
Use like cash, in person and online. Pay bills, make purchases, withdraw cash
Avoid overspending, overdraft fees, and interest fees
No credit history required
Load money at the credit union, through direct deposit, or ReadyLink merchants
Insured against loss or theft
Used where Visa is accepted internationally
Order your card today for $4.95. (Mention this article and receive your card for $3.)
Call for more details or go to:
Address: 100 University • Des Moines, Iowa 50314
Phone (515) 283-4195 • Fax (515) 284-1652
Lobby Hours: Monday through Thursday 9:00am to 5:30pm
Friday 8:00am to 5:30pm
Drive Up Hours: Monday through Friday 7:30am to 6:00pm
Web Site/Account Access:
E-mail: [email protected]
Metro Matters is written and edited by Traci Stiles.
Current Loan Rates
Annual percentage rates are with qualifying credit
and subject to change without notice. Contact the
credit union for current rates and terms.
New/Used (2015-2013)
1.99% up to 63 months
2.24%* 69 months
2.74%** 75 months
All auto rates reflect a .25% discount for members
with a DMMCU checking account. *2011 and newer
models only; $15,000 minimum loan balance; 10%
down.**2011 and newer models only, $25,000 minimum loan balance, 10% down or 90% NADA retail..
Used (2012-2009)
3.99% up to 63 months
Used (2008 & older)
5.75% 27 months
5.95% 39 months
6.15% 51 months
4.24% (balloon) 64 months
4.49% 36-60 months
The home equity rate, calculated every Jan. 1 and July
1, is based on the previous 6-month average of the
6-month Federal T-Bill Auction Rate, plus an additional
3 percentage points with a minimum rate of 4.50% and
maximum rate of 13%.
Mortgage rates change daily. Contact Sharon
Foust at 283-4195 for more information.
12 months
24 months
36 months
48 months
There is a 25-day interest-free grace period on
purchases. There is no annual fee for any of our
credit cards.
Save With An IRA
Saving for retirement is important, and
we can help you with this goal. Many
employers offer retirement plans, such
as a 401K, but you can supplement
these retirement plans with an
individual retirement account (IRA).
We offer several types of IRAs,
including traditional, Roth, and
Coverdell (formerly educational).
All IRAs offer tax-deductible or taxdeferment benefits. You should consult
your tax advisor before opening an IRA
to learn what tax benefits are available
and what type of IRA is best for you.
If you currently have an IRA, please
be sure the beneficiaries you’ve chosen
are up-to-date. Also, if you are nearing
retirement or changing jobs, we may be
able to help you roll over your 401K or
other retirement plans into an IRA.
Please contact us with questions.
January Newsletter, CU19341