Boost your holiday budget with a holiday loan from Toro Credit Union.

November 2023 eNews

QUICK LINKS

FINANCIAL RESOURCES

DEPOSIT RATES

Online Loan Application

*Federally insured by the NCUA. Equal Housing Opportunity. Annual percentage rate. All required documents must be signed and received by the credit union before funding.

Online Loan Application

What is a No-Penalty Certificate of Deposit?

A No-Penalty Certificate of Deposit doesn't charge a withdrawal penalty for money taken out before the CD term expires. This provides flexibility and convenience for those looking for short-term investments in a secure way. Like traditional CDs, No-Penalty CDs are fixed-rate accounts over a specified time period.

How does a No-Penalty Certificate of Deposit work?

A No-Penalty Certificate of Deposit functions just like a regular CD, with the main difference being that there is no Early Withdrawal Penalty.

Toro Credit Union is currently offering a 4.50% APY* Certificate of Deposit with a ONE-TIME PENALTY FREE withdrawal if you need to withdraw funds once during the six-month term. The greatest benefit of No-Penalty CDs is not having to worry about fees when or if you need to withdraw funds from your account during the term.

How do I invest in a No-Penalty Certificate of Deposit?

Login to It'sME247 Online Banking
Click "New Accounts"
Click "See Available Certificates"
Click "Purchase Online" on the same line as the type of certificate you wish to purchase.

Certificate of Deposit

Direct Deposit

for Same Day Loan Funding

Set up direct deposit this month so that you can get your loan funds the same day the loan is approved!

Questions

New Deposit Rates

NEW - Medicare Advisory Service

We're thrilled to announce our exciting new partnership with TruLync Medicare Advisors for our Minnesota members!

When it comes to Medicare, having choices is crucial, especially if you or a loved one is transitioning to Medicare soon or planning for retirement. With TruLync's expert guidance, you don't have to navigate the complex world of Medicare alone. Whether it's understanding hospital stays, doctor visits, Medicare Advantage, or prescription drug coverage, we're here to provide you with tailored solutions to meet your unique needs. TruLync can offer you Medicare plans from dozens of private insurance companies, guaranteeing you get the plan that may be best for you.

Please contact David Brown, Licensed Insurance Agent, to get answers to all your Medicare questions today.

David Brown

Licensed Insurance Agent

612-345-2798 (TTY: 711)

dbrown@mncun.org

Email David Brown

Disclaimer: For Minnesota residents only. By calling this number, you agree to speak to a licensed insurance agent about Medicare products. Neither Medicare nor Medicaid has reviewed nor endorsed this information. We may not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE (TTY: 1-877-486-2048) to get information on all of your options. This is an advertisement.

Manage My Cards

We encourage you to use Manage My Cards to manage and protect your cards this holiday season. It's easy. Log into your Mobile Banking App, select "More" and then "Manage My Cards" to perform any of these tasks:

Temporarily turn your card off if you have misplaced it (Lock Card)
Turn your card back on once you have located it (Unlock Card)
View your card transactions and balance
Setup activity alerts
Report a lost or stolen card

Manage My Cards

What To Do When You Shop

Each online marketplace will have its own way to display items, process payments, or manage other parts of your shopping experience. Before you buy from a seller listed on a particular marketplace, search online to learn more about the site, seller, and any items you’re considering. When you’re ready to buy, use a safer payment method like credit cards, which have legal protections.

Check out the marketplace site

Search online for the site’s name, with the word “complaint” or “review,” to see what other people say about their experiences.
If you have to sign up for an account before you’re allowed to buy from the site, find out how the site will protect and use your information.
Make sure the pages where you register, sign in, and pay are secure. Look for https at the beginning of the URL. The “s” means the site is encrypted — but it doesn’t mean it’s a legitimate site. Scammers know how to encrypt sites, too.

Check out the individual seller

Check the seller’s ratings and read comments from recent buyers. Check several sources and consider where a review is posted, who wrote the review, and the reviewer’s history. And don’t rely on star ratings alone, because some reviews and ratings are fake or misleading. Fake reviews can be positive or negative. Some dishonest competitors place negative reviews. It’s not always clear that a reviewer got something, like a free product, in exchange for writing a review. Some websites will place a label or badge next to the review when they know that the reviewer got an incentive — but not all sites do that.
Be sure the seller’s listing includes contact information. If you have questions about an item, contact the seller. If you aren’t satisfied with the seller’s answer, choose a different seller.
Review the seller’s terms and conditions, shipping fees, and return policies. If you have questions for the seller, get the answers in writing and keep copies of your messages.

Check out the item

Look closely at the photos the seller posts. Are there several photos so you can see the entire item or just stock photos? If you don’t see pictures of the actual item, you can’t check its condition or be sure the seller really has it.

Read the seller’s description of the item. If a seller says something is “refurbished,” “vintage,” “used,” “as is,” or “close-out,” it probably isn’t in top condition.
If a seller lists an expensive item for a very low price, it might be fake.

Use safer payment methods

Buy from a seller or site that accepts safer payment methods like credit cards, which have legal protections if something goes wrong with the transaction or delivery, or a secure online payment system that protects buyers in case there is a problem.

Scammers often ask you to pay in ways that make it tough to get your money back.
Don’t pay with wire transfers through companies like MoneyGram or Western Union.
Don’t pay using gift cards like iTunes or Google Play, cash reload cards like MoneyPak, or cryptocurrency. Paying with these methods is like sending cash — once it’s gone, you generally can’t get it back. Find out what to do if you think you sent money to a scammer.
Don’t buy from anyone who wants you to pay outside the marketplace’s payment system. If you do, you’ll lose any protection the site offers and you probably won’t get the item or a refund.

Check deadlines

Keep track of any deadlines for sending returns, asking for refunds, or asking for help from the site.

Keep copies of any emails or messages between you, the seller, and the site.

Federal Trade Commission Consumer Advice Article

Holiday Travel

Be sure to notify the credit union of your holiday travel plan so that your out-of-state transactions are accepted. Call or email the credit union with your travel details.

With CO-OP Shared Branching, you can access your Toro Credit Union accounts nationwide at affiliated credit union branches in over 5,400 locations around the country FREE of charge.

Download the CO-OP Shared Branch app to locate a credit union near you.

Notify Us of Travel

Gift Cards

Do you wish holiday shopping was easier? Do you have someone on your holiday shopping list who's impossible?

Prepaid Holiday Gift Cards from Toro Credit Union are the perfect gift for everyone on your list. They are only $2.50 each and can be loaded with any dollar amount.

Please contact the credit union today to order and arrange to pick up your Prepaid Holiday Gift Cards.

Invite Your Family to Join

Your immediate family members are eligible to join and enjoy all the things you love about YOUR credit union!

Low-interest rates for loans
High-interest rates for savings
Time-saving electronic services
Outstanding member service
Member ownership and control

Immediate family members include spouses, children, stepchildren, parents, grandparents, grandchildren, brothers, or sisters.

Become a Member

Scholarship

The Foundation Scholarship Council (FSC) has officially launched the 2023-24 scholarship. This year, the council will be awarding $18,000 in $1,000 individual scholarships - providing 18 Minnesota credit union members the opportunity to cut the cost of college. Any member of a Minnesota Credit Union Network affiliated credit union pursuing post-secondary education in the fall 2024/spring 2025 OR is a high school senior graduating in 2024 is eligible to apply.

All applications must be submitted no later than November 30, 2023.