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Interra Credit Union July 2018 Newsletter

Have Fun with 5%

Introducing ... Flex Checking at lnterra Credit Union. With this exciting new product, you can earn up to 5.00% APY1 .

Earn more with Flex Checking!

  • On balances up to $10,000
    • Earn 5.00% APY when you have at least 50 debit card purchases post and clear your account each qualification cycle.2
    • Earn 2.00% APY when you have between 20 and 49 debit card purchases post and clear your account each qualification cycle.2

It's easy to qualify each cycle:4

  • Post and clear the required debit card purchases each statement cycle.
  • Have at least one direct deposit or an ACH auto debit post and clear your account each month.
  • Enroll and receive e-Statements. (A valid e-mail address to which we can deliver is required.)

What happens if you don't meet the qualifications?

Don't worry. With Flex Checking, you can flex between qualifying tiers. You can start over during the next qualification cycle. Dividends will even be paid at the Base Rate on your balance when qualifications are not met.

Start earning MORE, today!

Open a new Flex Checking account at any lnterra office or get started at interracu.com/apply.

  • Get up to $25 in ATM fees refunded monthly.3

  • My Rewards Checking Members: Flex Checking replaces My Rewards Checking beginning July 1, 2018, with these new, flexible features. If you currently have My Rewards Checking, we made the change for you. That means you are now automatically enrolled in Flex Checking allowing you to begin qualifying for these great new features today!

    1Annual percentage yield. APYs effective July 1. 2018. and subject to change without notice. Fees may reduce earnings on the account. $25.00 minimum opening balance. 2Rate tiers: Bonus Rate 1: 5.00% APY on balances of $0.01-$10.00 0.00 and 50+ debit card purchases per cycle; Bonus Rate 2: 2.00% APY on balances of $0 .01-$10,000.00 and 20-49 debit card purchases per cycle; Second Tiered Ra te: 0 .30% APY on balances over $1, 0 000 .00 and at least 20 debit card purchases per cycle; Base Rate: 0.01%APY applies to all balances if qualifications are not met. The monthly statement will reflect a blended APY if you have balances in different tiers. 3ATM fee refunds up to $25.00 provded only if qualifications are met within the qualification cycle. Fee refund s are only applied to withdrawals made from the Flex Checking account. ATM surcharges over $4 .99 are not automatically refunded. but may be manually refunded by a credit union representative with the presentation of a receipt within 10 business days following the month that the Flex Checking qualifications were met.4Dividends are variable based on tier and dependent on all qualifications being met. For account information and disclosures. contact lnterra or go to interracu.com.

    Interra Adds Google Pay™ & Samsung Pay®

    You asked for it. We delivered I Samsung Pay and Google Pay have been added to lnterra's Mobile Wallet. Now, you can use Apple Pay®, Samsung Pay or Google Pay to make in-store and in-app purchases in an easy, simple and secure way. 

    To learn more about the Mobile Wallet, visit interracu.com/mobile-wallet.

    Plymouth FRC to Open July 23

    The new Plymouth Financial Resource Center (FRC), located at 1629 N Michigan St, across from Centennial Park, is scheduled to open July 23.

    The FRC is lnterra's seventeenth location,  but different from a traditional branch. A no-cash office, it leverages the credit union's expertise in small business, agribusiness mortgage services.

    Office hours at the Plymouth FRC are 9:00 am to 4 00 pm, Monday through Friday, and also by appointment. "Access and ease of use of electronic services are key features at the center," reports Phil Wiens, Chief Retail Officer. "We are excited to serve members and being a part of the community in the Plymouth area."

    Jamie Bales is the new regional vice president of commercial services for the Plymouth area market. Deeply involved and known in the area, Bales comes with extensive experience. Jackie Peters is the branch manager. With a long career in financial services, she has most recently served as the credit union's branch manager for the Bremen and Etna Green offices.

    Grand Opening

    Be a part of it all!

    Mark your calendar and plan to attend the grand opening celebration at lnterra's new Financial Resource Center in Plymouth on Monday, July 23, from 12:00 noon to 4:00 pm. Enjoy refreshments, receive giveaways and more.

    We'll See You At the Fair!

    Come, be a part of it all, with lnterra Credit Union at the Elkhart County 4H Fair in Goshen. Once again this year, we are the Jumbotron sponsor for the concert series.

    Join us for a chance to win cash and coupons in the lnterra Money Machine! We'll be set up before the five concerts, Saturday, July 21, through Wednesday, July 25, beginning at 6:00 pm, except on Sunday, at 5:00 pm.

    Look for lnterra's tent, our mascot truck, Louie, and the money machine, just east of the Dairy Bar II.

    There's more! You could win one of two pairs of front row track seats that lnterra will give before each of the five concerts. As part of lnterra's Flex 5 new checking promotion, the contest will be in a text-to-win format. Watch the Jumbotron on the stage before each concert, until the winning announcement just prior to show time.

    Be a part of it all! We'll see you at the fair!

    Buy Fair Tickets At lnterra

    You can purchase Elkhart County 4H Fair admission tickets and wristband vouchers at discount prices at all credit union locations.

    To: Holders of Traditional IRA accounts

    Withholding Notice (form 2317)

    Payments from your IRA are subject to federal income tax withholding, unless you elect no withholding.

    You may change your withholding election at any time prior to receipt of a payment. To change your withholding election, complete the appropriate form provided by your credit union.

    Withholding from IRA payments. when combined with other withholding. MAY relieve you from payment of estimated income taxes. However, your withholding election does not affect the amount of income tax you pay.

    You may incur penalties under the estimated tax rules if your withholding and estimated tax payments are insufficient.

    Change in Terms lnterra Fee Schedule

    The following fee schedule changes take effect August 1, 2018.

    Description

    Current Fee

    New Fee

    New Account Processing Fee

    $0

    $10

    Debit Card Replacement Fee

    $5

    $7

    Credit Card Replacement Fee

    $5

    $7

    Cashier's Check Fee

    $1

    $6

    Money Order Fee

    $3

    $6

    lnterra Online Banking

    $0

    $0

    e-Statements

    $0

    $0

    Paper Statement

    $0

    $2

    Check Cashing Fee (non-members only)

    $0

    $6

    ATM Foreign Transaction Fee

    $1.50

    $2.50

    Fax

    $1per page

    $2 per page

    Wire Transfer Fee:

    Incoming Domestic

    $13

    $15

    Incoming Foreign

    $13

    $15

    Outgoing Domestic

    $20

    $25

    Outgoing Foreign

    $20

    $50

    Mobile Deposit Users: Endorsement Update

    Effective July 1, 2018, endorsement requirements will be changing for mobile deposit users. For your convenience, endorsement instructions will pop-up on your mobile device when making your deposit.

    An incorrect endorsement may delay deposits so be sure to follow the instructions.

    For additional information, please refer to the updated Mobile Remote Deposit Agreement, effective July 1, 2018.

    As a reminder, deposits are subject to verification and may not be available for immediate withdrawal.