A Message from our President

Partnerships: The Co-operative Way

I hope that by the time this newsletter arrives in your mailbox, it finally feels like spring. Somehow, warmer weather always seems to improve things. With spring in the air, car buying season and house buying season really get going. Even in the deep freeze of this winter, a slowly improving economy meant that Your Neighborly Credit Union has been seeing an increase in members applying for loans. This is a great sign that this spring and summer will see many more of you utilizing RBCU as your source for car and home loans.

To that end, RBCU has recently partnered with a half dozen auto dealerships to do what we can to help make your car buying experiences as convenient and easy as possible. We always encourage you to get pre-approved for your RBCU loan before you go car shopping (it makes the car buying process easier and more efficient), but even if you don’t, you can apply for RBCU financing at our partnered dealers. There are a few different dealership promotions running in April and likely many more in the months to come. If 2013 is the year you are thinking on getting a new vehicle for your family, be sure to take a look in this newsletter, future issues of this newsletter, as well as the rbcu.org website for the details of any current promotions.

In order to help our members that are in the market to refinance or buy a new home, RBCU has established relationships with mortgage partners. These relationships give you the benefit of working directly with an RBCU real estate loan officer throughout the loan process.

If you are in the market for a first- or second-mortgage (e.g. Home Equity Loans and Lines of Credit), be sure to visit the Mortgage Center on the rbcu.org website.

When it comes to those of you disappointed in the current yields on deposit accounts, my suggestion is to speak with our investment needs partner, Shirley Evans, of Diversified Wealth Management. Whether you want better yields on your funds, have IRA deposits to make and want to invest, or have other needs or investment questions, Shirley is always ready to help. She works out of our 77th Street Branch office (Richfield) and is available to RBCU members for consulting work and investing needs. Be sure to read the latest installment of her series of financial education articles in this newsletter issue.

The final and most important partnership is the one between all of our members. Like all credit unions, each RBCU member is tied to every other RBCU member implicitly. When compared to the big national banks, Your Neighborly Credit Union is a relatively small collection of people sharing a common bond to the Richfield, Bloomington, or Edina communities. What one member deposits another member borrows. Without one we cannot have the other. Lending money to you is what we are here to do. Please let us know how we can improve our lending procedure so that we may better serve each and every one of you with a borrowing need. Thank you and enjoy the warmth!