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Newsletters » Fall 2009
New Legislation Protects Consumer Rights
 President Barack Obama recently signed into federal law The
Credit Card Accountability Responsibility and Disclosure Act of 2009.
This new law will greatly limit many of the unfair and deceptive
practices that are currently used by credit card companies for
their gain at your expense.
The good news is that the Greater Cincinnati Credit Union VISA®
Credit Card already complies with many of the new features of
this law! Information regarding changes will be mailed as necessary.
Our VISA® Credit Card offers:
- Great Rates As Low As 9.99% APR* (The Rate Hasn't
Increased Since 1990!)
- Same Low Rate For Purchases, Balance Transfers And Cash
Advances
- No Annual Fee
- 25-Day Grace Period On Purchases
- No Minimum Finance Charge
- Balance Figured Using Average Daily Balance Method
- 10-Day Extension From Due Date Before A Late Fee
Is Applied**
- Earn ScoreCard Points® For Each Dollar Charged†
- And Much More!
Apply online, stop in one of our branches or
call us at (513) 559-1234 for more information. Get the card
that gives you more!
*APR=Annual Percentage Rate. Contact the Credit Union for complete credit card
program details.
**$30 late fee accrued after 10 days past due.
†ScoreCard® Points can be redeemed for great travel and merchandise rewards. Visit
www.scorecardrewards.com for complete details.
 Dollar Dog Cash Giveaway
Back in time for the holidays, Dollar Dog will be giving
away a total of $500 - $25 each to 20 lucky Dollar
Dog members!
Watch your mail for the special drawing entry form.
Simply fill out the form and drop it off at one of our
branches before November 30, 2009 to be entered
to win.
 The drawings will be held on Friday, December 4, 2009,
and all winners will be notified by mail. Winners will
receive $25 automatically deposited into their Dollar
Dog Kids Club® Savings Accounts!
Join Today
If you are not yet a Dollar Dog member, there's no better
time to join! If you are
12 years old or younger,
simply bring an adult
with you to open a Kids
Club Savings Account
with $5.00 or more. (Just
remember, you'll need
your Social Security
Card and a parent
or guardian as a joint
account holder, so have them bring their license and
Social Security Card, too.) See you soon!
Odds of winning Dollar Dog Cash Giveaway prizes will vary according to
the number of entries received by November 30, 2009. Dollar Dog Cash
Giveaway Prize Drawing will be held on December 4, 2009. Some restrictions
apply to this promotion. Limit one entry per person. No purchase necessary
to win. Contact the Credit Union for complete giveaway details.
Make Good Financial Habits A Priority
In these tough economic times, it is more important than ever to get into good
financial habits. The following tips will help you keep a better eye on your money:
1. Access Your Accounts Daily By
Phone Or Web
We offer Tellie Online and Tellie By Phone as a way to help our members keep
their accounts in order. If you have not used these free services, stop by one of the
branches to set up a Tellie PIN and ask how to get started. If you already use Tellie,
make it a habit to check your accounts daily. Both of these services offer you up-to-the-minute access to what is happening in your accounts.
2. Keep A Transaction Record
Another good financial habit is to keep a register of the account activity for each
of your accounts. Many members check their balance at the ATM to see what is
available before withdrawing their "available" balance. Because ATM balances are
updated throughout the day, these balances run behind and may not reflect all of
the recent activity on the account.
3. Balance Your Registers Monthly
Balancing your account registers when you receive your statements is another good
financial habit. Follow these easy steps:
- Write down the ending balance as shown on your statement at the top of a
piece of paper.
- Add to this balance any deposits in transit that show in your register that have
not yet shown up on your statement.
- Subtract from this new total any checks that have been written, ATM
transactions and any other withdrawals that have not yet cleared your account.
- Add dividends and subtract fees showing on your statement.
- This new balance should match what your account register shows as your
balance. If it does, you are done for another month. If it doesn't, recheck that
all deposits and withdrawals have been accounted for, and that all addition and
subtraction in your register has been done correctly. Keep checking until your
balance in the account register and the balances on your statement agree.
By taking a few minutes each day to check Tellie and a little time each month
to balance your account registers, you will be able to keep better track of
your finances.
Need Extra Cash? We Have The Solution!
With bank bailouts, the government's stimulus package and other economic events in the news,
we want you to know that Greater Cincinnati Credit Union is part of the solution.
We continue to offer loans to those who need them, at rates that you can afford. For instance,
if you need cash fast for college tuition, home repairs or any other reason, a Personal Line Of
Credit (P.L.C.) can be a valuable, affordable tool that meets your needs.
Your P.L.C. can also be a valuable debt consolidation option. Use it to pay off higher interest rate
bills from other financial institutions and start saving every month.
Here's How It Works
With a P.L.C., you enjoy the freedom and flexibility to pay off your bills as you choose. Once you
pay down the balance of your loan, the funds become available to borrow again. It's a convenient,
affordable way to manage your finances. Apply online for your P.L.C. today, or
stop by the Credit Union.
Lock In A Great Rate No Matter What The Economy Has In Store - Apply Today!
Lower Your Monthly Bills!
Are you tired of having too many loan payments to make every month? By consolidating your high-interest
debt, you'll not only have one easy, affordable monthly payment - you'll be saving money, too!
If you are a homeowner, a Home Equity Loan or a Home Equity Line of Credit are low interest rate
options. The interest you pay on these products may even be tax-deductible, making this one of the
most affordable options available for debt consolidation. (Consult your tax advisor for details.)
You may also consider transferring your current high interest credit card balances to your GCCU
VISA® Credit Card. This option provides you with a low interest rate, no annual fees, and much
more. You could lower your monthly credit card payments instantly!
Keep In Mind
Remember, if you do decide to consolidate your loan payments, you should avoid the temptation to
run up other debts. Focus on paying down your balances before beginning to use credit once again.
For more information or to apply for a loan, call (513) 559-1234 today.
Holiday Club
Cash Giveaway
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Twenty Holiday Club
Account holders will
each receive $50
deposited into their
Savings Accounts! |
Win some spending money for the holidays! When
you come in to renew your Holiday Club Account in
November, be sure to ask for and fill out an entry form
for our $1,000 Holiday Club Cash Giveaway Drawing.*
Stop In Soon!
New and existing account holders can complete an entry form between November 1 and
November 30, 2009. Good luck!
*Odds of winning Holiday Club Giveaway prizes will vary according to the number of entries received by November 30, 2009. Holiday
Club Giveaway Prize Drawing will be held on December 4, 2009. Some restrictions apply to this promotion. Limit one entry per person.
No purchase necessary to win. Contact the Credit Union for complete giveaway details.
Holiday Closings
The Credit Union will be closed to
observe the following holidays and events:
Columbus Day
Saturday, October 10, 2009
Monday, October 12, 2009
Veterans' Day
Wednesday, November 11, 2009
Thanksgiving
Thursday, November 26, 2009
Friday, November 27, 2009 (Main office closed. All other branches open normal
business hours.)
Saturday, November 28, 2009
 Christmas Eve
Thursday, December 24, 2009
(Main office closed. All other branches open
9:00 a.m. - noon.)
Christmas
Friday, December 25, 2009
Saturday, December 26, 2009
New Year's Eve
Thursday, December 31, 2009
(Main office closed. All other branches open
9:00 a.m. - noon.)
New Year's Day
Friday, January 1, 2010
Saturday, January 2, 2010
It's The Perfect Time To Buy A Car Or A Home
 With the signing of the American Recovery and Reinvestment Act of 2009
into law, there has never been a better time to purchase a new house (for
first-time home buyers) or a new car.
The stimulus law offers a tax deduction for NEW car purchases
(note: purchasing a used car does not qualify for this tax
deduction). Anyone who purchases a new car valued under $49,500
between February 17, 2009 and December 31, 2009 can deduct the value of
the sales tax from this year's taxes.
The same law offers up to an $8,000 tax credit for first-time home
buyers. Since the asking price of homes has decreased significantly in the
past couple of years and it is currently a "buyers' market," this tax credit is
another incentive for people who have not owned a home of their own in
the past three years.
For more information or current loan rates, please stop in one of our
branches, call us at (513) 559-1234.
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