Spring Newsletter 2009

Issue #84

The Credit Union Newsletter

New Web Site Design Launching Soon!

www.mortonlanedirect.com

Spring 2009

New Roswell Park Office Location Come visit us at our new office location at Roswell Park Hospital. We are now located at street level in the Parking Garage.

Enjoy a fun filled day at Martin’s Fantasy Island Theme Park! “Good Any Day” Tickets will be on sale soon.

Only $16.00 each Tickets include all rides, shows, and the water park!

Attention Morton Lane VISA Debit and Credit Card Holders 5:30 p.m. on Wednesday, April 22, 2009 University at Buffalo, North Campus Center for Tomorrow Building It’s that time of the year to come meet your credit union staff and officials and be informed of the progress and future plans of your credit union. Refreshments will be served and door prizes will be given away. Hope to see you there!

Membership Referral Program If you are a Morton Lane member, in addition to all the many benefits your membership offers you, there's one more, and it's a big one — the chance to participate and earn rewards in our membership referral program. With every qualifying referral, your name is entered in a drawing for one of three great prizes! In addition, $10 will be automatically deposited into your account plus $10 into the new member’s account. For more information, please stop in one of our offices or visit the web site.

To protect the security of our members due to recent fraudulent activity, we have blocked our Morton Lane VISA Debit and Credit Cards in the following countries: Mexico, England, Spain, France, Thailand, Japan, Romania, and Chile. Thank you for your understanding.

Enter to win a $20 Deposit to your Savings Account. Log on to our web site or complete and return the entry below. Three lucky winners will be randomly selected out of all entries that contain all correct answers. Not sure of an answer, don’t worry. All answers are somewhere in this newsletter. The winners will be selected on June 1, 2009. A list of winners will be printed in our next newsletter. Here are the questions: 1. When is the Credit Union’s 47th Annual Meeting? 2. Where is our new office location at Roswell Park? 3. What is the reward if you refer a new member? Name: _________________________________________ Account #: ____________________________________ Congratulations to Irene Brubaker, James Drzymala, and Timothy McCarthy. These are the 3 lucky winners from our Winter newsletter contest.

LOAN RATES

Headquarters

MAXIMUM TERM AS OF 03/19/09

APR AS OF 03/19/09

NEW AUTOMOBILE

6 Years

5.90%

USED AUTOMOBILE

5 Years

6.90%

RECREATIONAL VEHICLE

10 Years

7.50%

NEW MOTORCYCLE / SCOOTER

5 Years

7.25%

USED MOTORCYCLE / SCOOTER

5 Years

7.75%

PERSONAL LOAN (Up to $20,000)

5 Years

9.00%

LOAN TYPE

HOLIDAY LOAN (Avail. Nov. - Dec.) 1 Year 5.75% The loan rates stated above will be 1.00% more for members who do not repay their loan through payroll deduction. FIXED SHARE SECURED LOAN

4 Years

3.25%

VARIABLE SHARE SECURED LOAN VARIABLE HOME EQUITY LOAN

10 Years 20 Years

2.75% 6.00%

FIXED HOME EQUITY LOAN

20 Years

6.50%

NA

8.25%

VISA CREDIT CARD FIRST MORTGAGE

Call the Credit Union for Current Rates

Prime Rate as of 3/19/09 is 3.25%. **All rates, terms & fees subject to change without notice!

DIVIDEND RATES ACCOUNT TYPE

APR 1st Quarter 2009

APY 1st Quarter 2009

PRIMARY SHARE

388 Englewood Avenue Buffalo, New York 14223 (716) 837-2007 Mon: 8 am - 5 pm Tue: 8 am - 5 pm Wed: 8 am - 5 pm Thu: 8 am - 6:30 pm Fri: 8 am - 5 pm

University at Buffalo Office University at Buffalo Amherst (North) Campus Amherst, New York 14260 Room 326 Crofts Hall Tue: 1 pm - 4 pm Wed: 8 am - 12 pm Fri: 1 pm - 4 pm

Roswell Park Cancer Institute Office Roswell Park Hospital Elm & Carlton Streets Buffalo, New York 14263 Parking Ramp, Street Level (716) 845-5941 Mon: 12:30 pm - 4 pm Tue: 8 am - 1 pm Thu: 8 am - 1 pm

Buffalo State College Office

$500 TO $1,999.99

0.25%

0.25%

$2,000 TO $4,999.99

0.50%

0.50%

$5,000 TO $9,999.99

1.00%

1.00%

$10,000 TO $19,999.99

1.50%

1.51%

$20,000 TO $49,999.99

2.00%

2.02%

$50,000 TO $99,999.99

2.00%

2.02%

$100,000 +

2.00%

2.02%

INDIVIDUAL RETIREMENT

2.00%

2.02%

HOLIDAY CLUB

1.00%

1.00%

SHARE DRAFT ($500 +)

0.25%

0.25%

You can earn a dividend on deposit accounts that maintain a balance of $500. Dividend amounts are calculated on your average daily balance for the quarter.

SUPERVISORY COMMITTEE Day-to-day account questions should be directed to the Credit Union personnel. If your problem is not solved to your satisfaction at the Credit Union office level, direct these problems to the Supervisory Committee. The following members of the Supervisory Committee are authorized to handle your Credit Union related concerns: Michael Bondanza (Chair) 833-9670

VERTINO PAINTING Painted for UB Presidents since 1983. Painted for Junior League show houses. Wall Preparation before Painting: repairs, cracks, stains, & water damage. Homes, Offices & Workspaces Custom Painting & Finishes

Best Painters…Best Prices Ken Vertino 876-9615

Buffalo State College 1300 Elmwood Avenue Buffalo, New York 14222 Classroom Building A105 Mon: 8 am - 12 pm Thu: 1:30 pm - 4 pm Fri: 8 am - 12 pm

Board of Directors Thomas Schroeder. . . . . . . . . . . . .President Lawrence Lane . . . . . . . . . . . .Vice President Margarita Vargas. . . . . . . . . . . . . . Treasurer Ronald Rabin. . . . . . . . . . . . . . . . . Secretary Susan Earshen Marsha Jurkowski L. Jean Young

Office Staff Judy Bleichfeld. . . . . . . . . . . . . . . . . . . . .CEO Bonny Chambers. . . . . . . . . . . . . . .Manager Amy K. Kelly. . . . . . . . . . . . Admin. Secretary Wanda Hasbrouck. . . . . . . . . . .Senior Teller Candy Carroll.. . . . . . . . . . . . . . . . . . . . Teller Ryan Kruse. . . . . . . . . . . . . . . . . . . . . . .Teller Marie Munley. . . . . . . . . . . . . . . . . . . . Teller Andrew Chambers . . . . . . . . . . . . . . . . . .CIO