Shred Day will be held on Saturday, April 18, 2015from 8:30 am - 12:30 pm. Shred Day is a FREEevent where members can bring in any olddocuments that they want to be discarded or“shredded”. A truck with an industrial size shreddercomes to LCU and you can watch as the operatorsshred your documents. This service is NOT forbusinesses. Limit of 3 boxes/bags per family.

10 Year Loan$10,000 MinimumNo Fees On Amounts Over $20,000

LEYDEN CREDIT UNION2701 N. 25th Ave., Franklin Park, IL 60131847-455-8440 • www.LeydenCU.orgwww.facebook.com/LeydenCU

Quarterly Newsletter | January / Winter 2015THE

Mon., Tues., & Thurs: 8:30 a.m. – 5:00 p.m.Wednesday: 10:00 a.m. – 5:00 p.m.

Friday: 8:30 a.m. – 6:30 p.m.Saturday: 8:30 a.m. – 12:30 p.m.Sunday: CLOSED

Member Savings

LOAN RATESFor qualified buyers.All discounts included.Rates shown are lowest rates available.Your rate is base on credit performance.

VISA®CREDIT CARDNo Annual Fees • 25 Day Grace PeriodSummer & Holiday Skip-A-Pay

Share Secured ..................................2.00% APR�Signature Loans................................8.75% APR�Variable Rate HomeEquity Line of Credit..........................4.00% APR�New Auto Loan..................................1.90% APR�Used Auto Loan ................................1.90% APR�

Classic/Gold Share Secured.............8.88% APR�Gold ..................................................9.00% APR�Classic ............................................13.80% APR�*Annual Percentage Yield �Annual Percentage Rate

Floor 4% APR

SAVINGS RATES

Rates as of Dec. 31, 2014. All rates are subject to changewithout notice. For current rates, pleasecheck our web site at LeydenCU.org orcall LCU at 847-455-8440.

NMLS#809901

Regular Shares................................0.100% APY*Holiday ............................................0.100% APY*IRAs (passbook) ..............................0.100% APY*Tiered Money Market.......................0.200% APY*Premier Share Draft.........................0.050% APY*Call the credit union office or LAURA at 847-455-8440 or checkour Home Page at www.LeydenCU.org for up-to-the minute ShareCertificate rates.

RATES MoneyWire

OFFICE & DRIVE-UP HOURS

REDUCED RATE HOME EQUITY LOAN

APR

Expires February 28, 2015. Subject to qualification. Restrictions apply. Payment per $1,000 borrowed at 5% APR for 10 years is $10.61. Maximum 80% combined loan to value (CLTV).

NMLS#809901

Home Improvements Education Expenses Payoff Credit Cards And Much More

?WHATWOULDYOU DOWITH YOURLOAN?

THERE ARE MANY GREAT USES FOR YOUR HOME EQUITY LOAN!

7.99%APR12 MONTH LOAN

PAYOFF YOUR CREDIT CARDSWITH OUR LOW RATE LOAN

New Loan! Holidays Are Gone!The Bills Are Here!

*According to bankrate.com, the average fixed rate credit card APR is 13.02%. Subject to qualification. Restrictionsapply. Payment per $100 borrowed at 7.99% APR for 12 months is $8.70. Expires January 31, 2015.

With the average creditcard rate* at 13.02%, our1 year loan at 7.99% is

sure to save you money!

IMPORTANT DATES

HOLIDAY HOURS AND CLOSINGS

March 18th | Annual Meeting

April 18th | Shred Day

Monday, January 19CLOSED | Martin Luther King, Jr. Day

Monday, February 16CLOSED | Presidents Day

Friday, April 3Special Hours | Good FridayLCU will be open from 8:30 am - 2:00 pm

April 15th | Scholarship Applications Due

Our Annual Meeting will take places on Wednesday, March 18, 2015 at 5:00pm at LCU. The Slate of Directors are George Duffey, Robert Hjelmgren,Valerie Ignoffo, Carole Konetzki, Gene McCormack, David Olson, Ann MarieScurto, Joseph Thomas, Jr., Gloria Murawska, and Marlene Ricchio.

Leyden Credit Union will award three $500scholarships to graduating seniors and continuingeducation college students. The application canbe found online at www.LeydenCU.org or you canpick one up from the receptionist. The applicationsare due back to LCU by April 15, 2015.

The LCU Teacher Grant Program provides grants up to$500 to aid in the development of effective teachingstrategies and projects. Three grants are awarded eachyear. Complete details are on the application. Grantapplications are due on January 31, 2015 and areavailable at the receptionist desk or online atwww.LeydenCU.org. From there, you will need to clickon “Online Services” and then click on “Printable Forms.”

Jan. 31st | Grant Applications Due

CompleteCar FinancingSolutionsLEYDEN CREDIT UNION’S

Looking to BUY a car?Our rates are as low as1.9% APR for 36 months.

Did you already buy a car?ThenREFINANCE withLCU & SAVE MONEY!

Need major car repairs? Wehave a Car REPAIRLoan! Rates are as low as8.75% APR.

Subject to qualification. Restrictions apply. Monthly payment per $1,000 borrowed for carloans / refinances at 1.9% APR for 36 months is $28.61. Monthly payment per $100borrowed for car repair loans at 8.75% APR for 12 months is $8.74.

RELIEFHoliday Debt

REFINANCING FEEDSFAMILIES RECAPLeyden Credit Union’s Refinancing Feeds Families promotion has saved members over$38,000 and nearly $400 will be donated to two local food pantries. These are the figuresat press time. With a week and half left on the promotion, we are hoping for even greaternumbers for when the promotion officially ends.

As you may recall, LCU started this promotion in June. LCU has been tracking how muchmoney each member saves when they refinance a loan. After the promotion ends, LCUwill donate 1% of the amount members have saved between two local food pantries:Resurrection Lutheran Church’s Food 4 Life Food Pantry in Franklin Park and LeydenTownship’s Food Pantry.

At press time, thirty-two members have saved $38,166.42. As youcan see by the chart, members have saved anywhere from $160all the way up to an impressive $11,126 by refinancing their loanswith Leyden Credit Union. Members have refinanced their carloans, their RV loans, personal loans, and credit card balances.

As of right now, 1% of the total savings is $381.66. This meansthat each food pantry will be receiving a check from Leyden CreditUnion for $190. 83! We’re hoping to hit the $40,000 mark so that wecan give each food pantry $200.

By the time you read this, the promotion will be over. However,you can still save money! We refinance loans all year round. Now that the holidaysare over, you may have more time to look over your finances. Do you ever wonder if theother financial institution gave you the best rate? Do you ever wonder what you wouldbe saving if you had LCU refinance your loan?

We are happy to announce that we have had eleven members save over $1,000 byrefinancing their loan with us. What would you do with an extra $1,000 in your pocket?

We ask members to please keep in mind that this includes credit cards as well. Weactually offer several options with credit cards. The first option is our Credit Card ReliefLoan. With this loan, we payoff your credit card and issue you a 24 or 36 month loan ata 9%APR. You have to close this card and the loan is for one card only. With the averagefixed rate credit card APR at 13.02%, a 9% loan is sure to save you money. As you cansee by the chart, one happy member saved over $11,000 in interest with the Credit CardRelief Loan!

The other option is to transfer a balance to one of our Leyden Credit Union Visa CreditCards. We have our Visa Gold with a 9% APR and our Visa Classic with at 13.8% APR.In addition to the low rate, we also have a balance transfer reward where you will receivea 1% cash back reward up to $50 into your account when you make a balance transfer.

1234

DOLLARS

$ 190.50

DATE

Jan. 2, 2015

AMOUNTSAVED

REFINANCETYPE

$11,126 CREDIT CARDRELIEF LOAN

$2,470 CREDIT CARDBAL TRANSFER

$2,141 CAR$1,964 CAR$1,742 PERSONAL LOAN

$1,716 CAR$1,391 CAR$1,266 CAR$1,089 CAR$1,074 CAR$1,001 CAR$919 CAR$825 CAR$764 CAR$741 CAR$648 CAR$644 CAR$629 CAR$595 CAR$593 CAR$561 CAR$545 CAR$519 CAR$491 CAR$482 PERSONAL LOAN

$438 CAR$353 RV$344 CAR$331 CAR$309 CAR$280 CAR$160 RV

If you are considering rolling over your IRA assets toan existing or new IRA, you need to be aware of anupcoming change that will affect IRA rollovers. TheIRS is changing its interpretation of the one-per-12month rule following a recent U.S. Tax Court rulingin Bobrow vs. Commissioner. The court ruled that ataxpayer is limited to one rollover per 12-monthperiod, regardless of the number of IRAshe has.

For decades, the IRS stated that youcould roll over one IRA distribution per12-month period for each IRA that youown. The IRS issued guidance inMarch 2014 stating that it will apply thetax court’s new interpretation going forward,but that it will not apply before January 1, 2015.

When the IRS applies its new interpretation effectivefor distributions taken on or after January 1, 2015,you may roll over only one IRA distribution in any 12-month period, regardless of how many IRAs youown. The 12- month period begins on the day thatyou receive the IRA distribution. In addition, the IRAassets that are rolled over may not be rolled overmore that once during the 12-month period. You stillmay perform an unlimited number of transfers.

You should consult with a competent tax advisor ifyou are rolling over an IRA distribution.

Save Up To $15 on Turbo Tax® Federal ProductsVisit www.LeydenCU.org

100%ACCURATECALCULATIONS

GUARANTEE

MAXIMUMREFUND

GUARANTEE

AUDITSUPPORTGUARANTEE

CHANGE ON IRSROLLOVER

INTERPRETATION

RECENT EVENTS AT LEYDEN CREDIT UNIONHalloween Coloring Contest

Member Wins A Gift Card

Santa Claus Visits LeydenLCU held a HalloweenColoring Contest. Picturedholding their winningdrawings are Keith (left),our winner in the 6-10 agecategory, and Seanna, thewinner for 0-5 year olds.Each winner won a jack-o-lantern filled with goodiesand Halloween treats.Congratulations winners.

Any member that closed aloan between November 15and December 17 waseligible to win a $50 gift cardfor Honey Baked Ham. Ourlucky winner that was drawnat random is Victor Herrera.Victor is pictured receiving hisgift card from Santa Claus.

LCU had a food donation box in its lobbyto benefit Resurrection LutheranChurch’s Food Pantry. Thank you to allof our members that donated food. We’dalso like to thank our friends at PrairieState Group (www.psglabels.com) inFranklin Park who were also collectingfood for us to drop off. PSG is a customprinter & laminator of flexible packagingand pressure sensitive labels.

On December 12th andDecember 19th, SantaClaus came down fromthe North Pole to visitLeyden Credit Union.Children were able tomeet Santa, tell themwhat they want forChristmas, get theirpicture take with him, andenjoy some holiday treats.

Food Donations

1235LEYDEN CREDIT UNION2701 N. 25th AvenueFranklin Park, ILL 60131

PAY TO THEORDER OF

DOLLARS

MEMO

$

Leyden TownshipOne Hundred Ninety and 50/100

Refinancing Feeds Families David Lukas

190.83DATE

Jan. 2, 2015

1234LEYDEN CREDIT UNION2701 N. 25th AvenueFranklin Park, ILL 60131

PAY TO THEORDER OF

DOLLARS

MEMO

$

Resurrection Church Food Panty

One Hundred Ninety and 83/100

Refinancing Feeds Families David Lukas

190.83DATE

Jan. 2, 2015

REFINANCING FEEDSFAMILIES RECAPLeyden Credit Union’s Refinancing Feeds Families promotion has saved members over$38,000 and nearly $400 will be donated to two local food pantries. These are the figuresat press time. With a week and half left on the promotion, we are hoping for even greaternumbers for when the promotion officially ends.

As you may recall, LCU started this promotion in June. LCU has been tracking how muchmoney each member saves when they refinance a loan. After the promotion ends, LCUwill donate 1% of the amount members have saved between two local food pantries:Resurrection Lutheran Church’s Food 4 Life Food Pantry in Franklin Park and LeydenTownship’s Food Pantry.

At press time, thirty-two members have saved $38,166.42. As youcan see by the chart, members have saved anywhere from $160all the way up to an impressive $11,126 by refinancing their loanswith Leyden Credit Union. Members have refinanced their carloans, their RV loans, personal loans, and credit card balances.

As of right now, 1% of the total savings is $381.66. This meansthat each food pantry will be receiving a check from Leyden CreditUnion for $190. 83! We’re hoping to hit the $40,000 mark so that wecan give each food pantry $200.

By the time you read this, the promotion will be over. However,you can still save money! We refinance loans all year round. Now that the holidaysare over, you may have more time to look over your finances. Do you ever wonder if theother financial institution gave you the best rate? Do you ever wonder what you wouldbe saving if you had LCU refinance your loan?

We are happy to announce that we have had eleven members save over $1,000 byrefinancing their loan with us. What would you do with an extra $1,000 in your pocket?

We ask members to please keep in mind that this includes credit cards as well. Weactually offer several options with credit cards. The first option is our Credit Card ReliefLoan. With this loan, we payoff your credit card and issue you a 24 or 36 month loan ata 9%APR. You have to close this card and the loan is for one card only. With the averagefixed rate credit card APR at 13.02%, a 9% loan is sure to save you money. As you cansee by the chart, one happy member saved over $11,000 in interest with the Credit CardRelief Loan!

The other option is to transfer a balance to one of our Leyden Credit Union Visa CreditCards. We have our Visa Gold with a 9% APR and our Visa Classic with at 13.8% APR.In addition to the low rate, we also have a balance transfer reward where you will receivea 1% cash back reward up to $50 into your account when you make a balance transfer.

1234

DOLLARS

$ 190.50

DATE

Jan. 2, 2015

AMOUNTSAVED

REFINANCETYPE

$11,126 CREDIT CARDRELIEF LOAN

$2,470 CREDIT CARDBAL TRANSFER

$2,141 CAR$1,964 CAR$1,742 PERSONAL LOAN

$1,716 CAR$1,391 CAR$1,266 CAR$1,089 CAR$1,074 CAR$1,001 CAR$919 CAR$825 CAR$764 CAR$741 CAR$648 CAR$644 CAR$629 CAR$595 CAR$593 CAR$561 CAR$545 CAR$519 CAR$491 CAR$482 PERSONAL LOAN

$438 CAR$353 RV$344 CAR$331 CAR$309 CAR$280 CAR$160 RV

If you are considering rolling over your IRA assets toan existing or new IRA, you need to be aware of anupcoming change that will affect IRA rollovers. TheIRS is changing its interpretation of the one-per-12month rule following a recent U.S. Tax Court rulingin Bobrow vs. Commissioner. The court ruled that ataxpayer is limited to one rollover per 12-monthperiod, regardless of the number of IRAshe has.

For decades, the IRS stated that youcould roll over one IRA distribution per12-month period for each IRA that youown. The IRS issued guidance inMarch 2014 stating that it will apply thetax court’s new interpretation going forward,but that it will not apply before January 1, 2015.

When the IRS applies its new interpretation effectivefor distributions taken on or after January 1, 2015,you may roll over only one IRA distribution in any 12-month period, regardless of how many IRAs youown. The 12- month period begins on the day thatyou receive the IRA distribution. In addition, the IRAassets that are rolled over may not be rolled overmore that once during the 12-month period. You stillmay perform an unlimited number of transfers.

You should consult with a competent tax advisor ifyou are rolling over an IRA distribution.

Save Up To $15 on Turbo Tax® Federal ProductsVisit www.LeydenCU.org

100%ACCURATECALCULATIONS

GUARANTEE

MAXIMUMREFUND

GUARANTEE

AUDITSUPPORTGUARANTEE

CHANGE ON IRSROLLOVER

INTERPRETATION

RECENT EVENTS AT LEYDEN CREDIT UNIONHalloween Coloring Contest

Member Wins A Gift Card

Santa Claus Visits LeydenLCU held a HalloweenColoring Contest. Picturedholding their winningdrawings are Keith (left),our winner in the 6-10 agecategory, and Seanna, thewinner for 0-5 year olds.Each winner won a jack-o-lantern filled with goodiesand Halloween treats.Congratulations winners.

Any member that closed aloan between November 15and December 17 waseligible to win a $50 gift cardfor Honey Baked Ham. Ourlucky winner that was drawnat random is Victor Herrera.Victor is pictured receiving hisgift card from Santa Claus.

LCU had a food donation box in its lobbyto benefit Resurrection LutheranChurch’s Food Pantry. Thank you to allof our members that donated food. We’dalso like to thank our friends at PrairieState Group (www.psglabels.com) inFranklin Park who were also collectingfood for us to drop off. PSG is a customprinter & laminator of flexible packagingand pressure sensitive labels.

On December 12th andDecember 19th, SantaClaus came down fromthe North Pole to visitLeyden Credit Union.Children were able tomeet Santa, tell themwhat they want forChristmas, get theirpicture take with him, andenjoy some holiday treats.

Food Donations

1235LEYDEN CREDIT UNION2701 N. 25th AvenueFranklin Park, ILL 60131

PAY TO THEORDER OF

DOLLARS

MEMO

$

Leyden TownshipOne Hundred Ninety and 50/100

Refinancing Feeds Families David Lukas

190.83DATE

Jan. 2, 2015

1234LEYDEN CREDIT UNION2701 N. 25th AvenueFranklin Park, ILL 60131

PAY TO THEORDER OF

DOLLARS

MEMO

$

Resurrection Church Food Panty

One Hundred Ninety and 83/100

Refinancing Feeds Families David Lukas

190.83DATE

Jan. 2, 2015

Shred Day will be held on Saturday, April 18, 2015from 8:30 am - 12:30 pm. Shred Day is a FREEevent where members can bring in any olddocuments that they want to be discarded or“shredded”. A truck with an industrial size shreddercomes to LCU and you can watch as the operatorsshred your documents. This service is NOT forbusinesses. Limit of 3 boxes/bags per family.

10 Year Loan$10,000 MinimumNo Fees On Amounts Over $20,000

LEYDEN CREDIT UNION2701 N. 25th Ave., Franklin Park, IL 60131847-455-8440 • www.LeydenCU.orgwww.facebook.com/LeydenCU

Quarterly Newsletter | January / Winter 2015THE

Mon., Tues., & Thurs: 8:30 a.m. – 5:00 p.m.Wednesday: 10:00 a.m. – 5:00 p.m.

Friday: 8:30 a.m. – 6:30 p.m.Saturday: 8:30 a.m. – 12:30 p.m.Sunday: CLOSED

Member Savings

LOAN RATESFor qualified buyers.All discounts included.Rates shown are lowest rates available.Your rate is base on credit performance.

VISA®CREDIT CARDNo Annual Fees • 25 Day Grace PeriodSummer & Holiday Skip-A-Pay

Share Secured ..................................2.00% APR�Signature Loans................................8.75% APR�Variable Rate HomeEquity Line of Credit..........................4.00% APR�New Auto Loan..................................1.90% APR�Used Auto Loan ................................1.90% APR�

Classic/Gold Share Secured.............8.88% APR�Gold ..................................................9.00% APR�Classic ............................................13.80% APR�*Annual Percentage Yield �Annual Percentage Rate

Floor 4% APR

SAVINGS RATES

Rates as of Dec. 31, 2014. All rates are subject to changewithout notice. For current rates, pleasecheck our web site at LeydenCU.org orcall LCU at 847-455-8440.

NMLS#809901

Regular Shares................................0.100% APY*Holiday ............................................0.100% APY*IRAs (passbook) ..............................0.100% APY*Tiered Money Market.......................0.200% APY*Premier Share Draft.........................0.050% APY*Call the credit union office or LAURA at 847-455-8440 or checkour Home Page at www.LeydenCU.org for up-to-the minute ShareCertificate rates.

RATES MoneyWire

OFFICE & DRIVE-UP HOURS

REDUCED RATE HOME EQUITY LOAN

APR

Expires February 28, 2015. Subject to qualification. Restrictions apply. Payment per $1,000 borrowed at 5% APR for 10 years is $10.61. Maximum 80% combined loan to value (CLTV).

NMLS#809901

Home Improvements Education Expenses Payoff Credit Cards And Much More

?WHATWOULDYOU DOWITH YOURLOAN?

THERE ARE MANY GREAT USES FOR YOUR HOME EQUITY LOAN!

7.99%APR12 MONTH LOAN

PAYOFF YOUR CREDIT CARDSWITH OUR LOW RATE LOAN

New Loan! Holidays Are Gone!The Bills Are Here!

*According to bankrate.com, the average fixed rate credit card APR is 13.02%. Subject to qualification. Restrictionsapply. Payment per $100 borrowed at 7.99% APR for 12 months is $8.70. Expires January 31, 2015.

With the average creditcard rate* at 13.02%, our1 year loan at 7.99% is

sure to save you money!

IMPORTANT DATES

HOLIDAY HOURS AND CLOSINGS

March 18th | Annual Meeting

April 18th | Shred Day

Monday, January 19CLOSED | Martin Luther King, Jr. Day

Monday, February 16CLOSED | Presidents Day

Friday, April 3Special Hours | Good FridayLCU will be open from 8:30 am - 2:00 pm

April 15th | Scholarship Applications Due

Our Annual Meeting will take places on Wednesday, March 18, 2015 at 5:00pm at LCU. The Slate of Directors are George Duffey, Robert Hjelmgren,Valerie Ignoffo, Carole Konetzki, Gene McCormack, David Olson, Ann MarieScurto, Joseph Thomas, Jr., Gloria Murawska, and Marlene Ricchio.

Leyden Credit Union will award three $500scholarships to graduating seniors and continuingeducation college students. The application canbe found online at www.LeydenCU.org or you canpick one up from the receptionist. The applicationsare due back to LCU by April 15, 2015.

The LCU Teacher Grant Program provides grants up to$500 to aid in the development of effective teachingstrategies and projects. Three grants are awarded eachyear. Complete details are on the application. Grantapplications are due on January 31, 2015 and areavailable at the receptionist desk or online atwww.LeydenCU.org. From there, you will need to clickon “Online Services” and then click on “Printable Forms.”

Jan. 31st | Grant Applications Due

CompleteCar FinancingSolutionsLEYDEN CREDIT UNION’S

Looking to BUY a car?Our rates are as low as1.9% APR for 36 months.

Did you already buy a car?ThenREFINANCE withLCU & SAVE MONEY!

Need major car repairs? Wehave a Car REPAIRLoan! Rates are as low as8.75% APR.

Subject to qualification. Restrictions apply. Monthly payment per $1,000 borrowed for carloans / refinances at 1.9% APR for 36 months is $28.61. Monthly payment per $100borrowed for car repair loans at 8.75% APR for 12 months is $8.74.

RELIEFHoliday Debt