A minimum balance of $50 is required to open a share account and must be maintained. Deposits will earn interest daily, with dividends to be paid and compounded quarterly.

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Are you tired of having to use your credit cards for Christmas purchases or never having enough money during the holidays? The State Highway District #5 Credit Union can help by offering you a Christmas Club Account. When you deposit into your Christmas Club Account throughout the year, not only will you have saved enough money for the holidays, you will receive extra cash with the interest you earn on this account. There is no minimum balance required on your club account, however, you must have a minimum balance of $50 to begin earning interest. Special arrangements must be made for early withdrawal; otherwise a check for the balance will be issued on the first business day of November and mailed to the address shown on the account.

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The interest on our certificates of deposit is earned daily, paid and compounded monthly. The Credit Union offers six month, one year, and an eighteen month certificate of deposit.

All certificates of deposit will automatically rollover at maturity at whatever the current rate is at maturity. There will be a ten-day grace period during which you may surrender the certificate without penalty. You will receive notice prior to maturity.

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The State Highway District #5 Credit Union offers Traditional, Roth and Coverdell Educational Savings Accounts. Interest on our IRA accounts is earned daily, compounded and paid quarterly.

IRA accounts are insured separately from other accounts that you maintain with the Credit Union. The National Credit Union Association adds the Traditional IRA and Roth IRA together and is insured in the aggregate to the maximum amount of $100,000. The Coverdell Education Savings Accounts are insured as irrevocable trust accounts and will be added to other irrevocable trust accounts and insured up to $100,000.

Traditional IRA
A Traditional IRA brings you significant up-front tax advantages, and with less money taken out for taxes, the power of compound earnings is strengthened. With a Traditional IRA:

• Earnings accumulate tax-deferred until withdrawn
• Contributions are tax-deductible if you qualify
• The amount you can contribute is increasing

Roth IRA
Roth IRAs offer unique and exciting savings opportunities, and they’ve gotten better over the years. Roth IRAs give many members an easy and safe way to plan for the future. With a Roth IRA:

• Contributions are allowed at any age
• Qualified distributions are tax-free
• Flexible withdrawal options are available

Unlike traditional IRAs, your contributions to a Roth IRA are never tax-deductible. However, the money in your Roth IRA, including earnings, can be withdrawn tax-free. Of course, you must conform to the plan provisions to get this tax-free advantage.

Effective 2005, total combined contributions to Roth and Traditional IRA's are up to $4,000 per year or 100% of compensation, whichever is less. Anyone under age 70 who has income from compensation (or who is filing jointly with a spouse who earns compensation) can contribute. For a married couple, each spouse can contribute up to $4,000 for a total contribution of $8,000. Contributions may be tax-deductible based on your income level. See over age 50 "Catch-up" information below.

"Catch Up" Contribution for People 50 and Older

To make up for lost time, workers 50 and older before the end of the taxable year can make additional contributions above the new maximum limits as follows:

• $500 per year 2005
• $1,000 per year (year 2006 & thereafter)

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The sole purpose for this account is to help pay for a child’s education expenses, such as tuition, fees, books, supplies, equipment, and, in some cases, room and board and computers. The account is opened in the child’s name. Maximum contribution is $2,000 per student per year and is not tax deductible. Contributions are not allowed once the child reaches 18, or any year that a contribution is made to a state tuition program. Withdrawals are allowed tax free if used for qualified higher education expenses.

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The State Highway District #5 Credit Union offers a free (non-interest bearing) Share Draft (checking) account. There are no monthly service fees, unlimited check writing, and no minimum balance required. Overdraft protection from your share account is available for a fee of $3.00 per day for each day that there are transfers. This fee is effective as of June 1, 2006.

Share Draft Statements are mailed monthly. Individuals 60 years and older will receive their checks free from a select style group. Must be at least 18 years old to open a share draft account. If under 18, must have parent or guardian as a joint owner. Contact the Credit Union to sign up or for additional information.

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The State Highway District #5 Credit Union offers Visa debit cards to current members with checking accounts. You can have access to your money whenever you need it without the hassles of writing checks. When you use your debit card, the amount of your purchase is automatically deducted from your checking account. Simply subtract the amount from your checkbook balance. You will always get a receipt for easy record keeping, and every transaction will be detailed on your checking account statement.

Using your Visa debit card is easy. It is the perfect way to pay for purchases worldwide at grocery stores, restaurants, gas stations, department stores, hotels, pharmacies, travel agencies, airlines, and even on the Internet. You can also get cash whenever you need it through any ATM that displays the VISA logo, the international Plus logo or the regional Star logo - see back of card for symbols (some fees may apply at selective ATMs). With your State Highway District #5 Credit Union Visa debit card you are protected in cases of fraud, theft or unauthorized use of your card. You have zero liability if unauthorized use is reported within two business days of discovery. After that, your maximum liability is $50.00. See your card program disclosure for complete details.

So the next time you go shopping, lose a little weight and leave your bulky checkbook at home and rely on your slim, trim State Highway District #5 Credit Union Visa debit card. Without the added weight you can shop faster than ever. The debit card is convenient and easy to use. It will change the way you shop. No check to write, no identification to show, no waiting for check approvals, and it is safer than carrying cash. You can also use your debit card at places that do not accept checks.

To find out how you can apply for the State Highway District #5 Credit Union Visa debit card contact our office at (800) 831-1494 or (509) 248-5522 or write to: PO Box 10304, Yakima, WA 98909.

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The State Highway District #5 Credit Union offers fantastic deals on automobile financing. On approved credit, the Credit Union will finance 100% of the purchase price on both new and used vehicles. Tax and license are subject to approval. A lower rate is offered for 80% financing. The term depends on the amount that is financed. The following chart reflects the available terms:

Under $10,000	Maximum term 5 years
$10,001 - $20,000	Maximum term 6 years
Over $20,001	Maximum term 7 years (80% financing only)

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Is a street motorcycle what you're looking for? The Credit Union offers a special rate on new and used street motorcycles. On approved credit, the Credit Union will finance 100% of the purchase price. Tax and license are subject to approval. Financing of 80% is also available at a lower rate. The maximum term allowed on street motorcycle loans is 5 years.

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Now is the time to purchase that RV or boat you have always wanted. The Credit Union can help your dream come true with our great rates and terms. On approved credit, the Credit Union will finance 100% of the purchase price on Boats and RV's. Tax and license are subject to approval. Up to a 15-year term. The term is based on the amount that is financed. The following chart reflects the available terms for RV and boat loans:

Under $10,000	Maximum term 5 years
$10,001 - $20,000	Maximum term 6 years
$20,001 - $30,000	Maximum term 7 years
$30,001 - $40,000	Maximum term 10 years
$40,001 - $50,000	Maximum term 12 years
Over $50,000	Maximum term 15 years

There is also a lower rate offered for 5-year term or less financing on both new and used RV's or boats.

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Snowmobiles, dirt bikes, and jet skis can be financed through the Credit Union as an ORV loan. For new ORV's, 100% financing is available (on approved credit). A lower rate is offered for 75% financing on new ORV's. For used ORV's, only 75% financing is available.

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Loans for manufactured homes or mobile homes are available with terms up to 15 years. The Credit Union will finance 80% of the appraised or assessed value on approved credit. Some restrictions may apply, contact the Credit Union for more information.

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The Credit Union offers a variable rate share secured loan that is secured by your share account. The rate of the loan is 2.00% above the current share dividend rate. Rates change on this loan type on January 1st and July 1st of each year. The new rate will be the new share dividend rate plus 2.00%. The maximum term for a share secured loan is 8 years.

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Signature loans are available on approved credit. If a signature loan is over $5,000, the maximum term allowed is 4 years. For signature loans under $5,000, the maximum term allowed is 3 years. To find out more information on our signature loans or how much you would qualify for, contact a loan officer at the Credit Union.

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The Credit Union also offers loans secured by your State Highway District #5 Credit Union certificate of deposit. The rate is 2.00% over the current certificate of deposit rate that is pledged as collateral and the term is based on the maturity date of the certificate. Certificate of deposit secured loans can be processed immediately.

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The Credit Union offers two types of Home Equity Loans; a fixed rate, closed-end home equity loan and a revolving variable rate line-of-credit. The following is a breakdown of both home equity loans we offer:

1. Fixed Rate/Closed-end home equity loan
   • Owner occupied - will loan 80% of assessed or appraised value.
   • Non-owner occupied - will loan 65% of assessed or appraised value.
   • No closing costs, you pay third party fees only (title insurance, flood determination, and re-conveyance).
   • Terms up to 15 years.


2. Revolving Variable Rate Line-of-Credit
   • Owner occupied - will loan 80% of assessed or appraised value.
   • Non-owner occupied - will loan 65% of assessed or appraised value.
   • Rate is based on Wall Street Journal Prime Rate with no margin added. Rates are subject to change twice a year, in January and July.
   • There is a 5-year draw period may be renewable after the 5-year term has expired.
   • No annual fee.
   • No closing costs, you pay third party fees only (title insurance, flood determination, and re-conveyance).

If you would like to find out more information on our home equity loans, contact the Credit Union and we will be happy to assist you. Interest on all home equity loans can be tax deductible, contact your tax consultant for more information.

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To apply for a consumer loan with the Credit Union contact the Credit Union at (509) 248-5522 or (800) 831-1494 and we will be happy to mail or fax you an application. Complete, date, sign and mail the application to PO Box 10304 Yakima, WA 98909 or fax it to (509) 452-1211. You must also send proof of income, which must accompany your application. If we receive your application via fax, processing will begin immediately; however, the Credit Union will require that you mail the original, as it is needed for our file. Contact a loan officer at the Credit Union for additional information.

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To apply for a home equity loan with the State Highway District #5 Credit Union contact the Credit Union at (509) 248-5522 or (800) 831-1494 and we will be happy to mail or fax you an application. You may mail the complete and signed application to the Credit Union at PO Box 10304 Yakima, WA 98909 or fax it to (509) 452-1211. The application must be accompanied with proof of income, tax assessment or appraisal, and a statement showing the current principle balance of the first mortgage. If you fax it, processing will begin immediately; however, you must mail the original application to our office, as it is required for our files, all other required documentation may be copies. If you have further questions regarding your home equity loan application, contact the Credit Union and speak to our home equity specialist.

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The State Highway District #5 Credit Union offers our members a low interest rate of 10.50% fixed on our Visa® account. The rate does not fluctuate; it remains at 10.50% regardless if you use it for purchases or cash advances. Not only will you save money when you use your Visa® card with us; you will also enjoy the convenience of using your Visa® card worldwide. There is no annual fee or balance transfer fees. In addition, you will receive free travel accident insurance. We also make it easier, faster and more convenient for you to make your monthly Visa payment. Not only can you mail your payment directly to Visa; you may send your payment to the Credit Union along with any other transactions you may have. The Credit Union will also set-up your monthly Visa payment to be automatically debited from your checking or savings account you have with us or with any other financial institution.

To report a lost or stolen Visa® card contact (800) 808-7230 or (800) 991-4964.

If you do not have a State Highway District #5 Credit Union Visa® card and you are interested in applying for one, you may contact the Credit Union and we will be happy to send a VISA® application to you. Once you complete, date, and sign the application, you may mail it to the State Highway District #5 Credit Union, PO Box 10304, Yakima, WA 98909 or fax it to (509) 452-1211. Proof of income must accompany the application. If you faxed the application to us for immediate processing, you will be required to mail in the original application with your signature to the Credit Union, as original signatures are required for our files.

Fraud Protection
The State Highway District #5 Credit Union and VISA® are using a variety of fraud prevention methods to ensure that your Visa® card is protected. The primary method used is Falcon, a neural network, which monitors your account 24 hours a day, seven days a week, for unusual activity. This method is considered the most effective way to spot fraudulent card use. It learns the way you normally use your card. When your card is used in a way that does not match your typical spending habits, our fraud notification system lets us know that a high-risk authorization has occurred. When we receive such notification, we will contact you immediately to verify the transaction. If your account was used fraudulently at that time, we can take important steps to block your account from further unauthorized use. It is important that we are able to reach you in a timely manner. Please keep us updated if your telephone number or address changes.

Your Visa® card is protected by Verified by Visa® - it password protects your card for free when you shop online. The next time you shop at participating online stores, you’ll see some new screens. Enter the information requested to activate your card in order to complete your transaction. It only takes a moment, and then your card will have password protection whenever you shop online. Shop online with greater security at participating stores. A list of participating stores can be obtained by clicking on the link below.

[ Verified by Visa ]

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The Carol Sines Memorial Scholarship was established in 1991 as a tribute to Carol Sines for his service. "To promote thrift among its members and to create a source of credit for them at legitimate rates of interest for provident, productive and educational purposes" complements the goals of the Credit Union and is a method to give back to the members.

Carol was the Treasurer for the Credit Union when it existed in a "briefcase" in his bottom desk drawer and was only operated on a part time basis for a short time each day. After he retired from the WSDOT, he became the full time President and a 14' x 70' mobile home was purchased and located on the back lot of the WSDOT property in Union Gap. He served in this capacity from 1971 to 1983. After his retirement from the Credit Union, he also served as a volunteer on the Supervisory Committee. Carol was an example of the volunteer spirit and character that established and maintains the Credit Union movement and he could always be counted on to serve on any committee or undertake any project.

If you are a member of the Credit Union or a dependent of a member and enrolled as a full-time student in an accredited college, University or Trade School for the year of application, you may apply for the Carol Sines memorial Scholarship. The application may be downloaded and printed. Mail the completed application to the State Highway District #5 Credit Union, PO Box 10304, Yakima, WA 98909 no later than May 15th of the application year. A $1,500 scholarship is awarded each year, and the winner is notified by mail. In addition, the Credit Union also awards three $1,000 scholarships and the winners are also notified by mail. If members would like to contribute to the Scholarship Fund or if you have any questions, contact the Credit Union at (509) 248-5522 or (800) 831-1494.

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