Wanigas Federal Credit Union - Serving Saginaw Division, Delphi, Thomson Saginaw, Thomson Ball & Screw, Mahar Tool Employees and Families - Newsletter

Wanigas Has the Mortgage Services You Need
Wanigas Federal Credit Union is pleased to announce its new comprehensive mortgage services available for our members. To expand our mortgage products Wanigas has partnered with Credit Union National Association (CUNA) Mutual Mortgage. This partnership will ensure that you will receive low rates and professional service.
If you are shopping for a home or looking to refinance your mortgage, you can depend on Wanigas to arrange the best deal with exceptional service. If you are paying more than 8% for your 15- or 30-year mortgage at another financial institution, now is the time to refinance with the help of Wanigas. Think refinancing is too costly or difficult? Not at Wanigas. We offer:

Wanigas Federal Credit Union has opened an Automatic Teller Machine (ATM) at its main office, 1837 Bagley Street.
With this new ATM, our members and other citizens living in the area will have a convenient location for 24-hour banking.
"It is very important to us to provide high-quality financial services for the city of Saginaw," said Bernie Williams, Wanigas CEO. "We are pleased to be able to offer this new ATM at our main office." The new ATM is on the south side of the building and is accessible 24 hours a day, seven days a week.

With Our Low-Rate Vacation Loan

Picture yourself on a beach, with sand between your toes and a cool refreshment at your fingertips. Sound too good to be true? Not if you apply for a Cruisin' Into Summer Vacation Loan from Wanigas Federal Credit Union.

Our low rates and convenient application make this a loan you won't want to miss. This type of loan can be used for practically anything: vacations, home improvements, a jet ski, gifts for the graduate. . . whatever you need it for, we can help make your dreams a reality.

This loan is only available from May 15 through Labor Day, so stop in today to pick up an application or call our Loan Office at 989-799-9800.

Put Some Zing In Your Spring With A New Car

Now is a great time to purchase a vehicle. The new models are in and many dealerships are offering low prices and rebates on 2000 and 2001 models. Apply for an Auto Loan from Wanigas Federal Credit Union and you will get low, fixed rates from a loan professional instead of deceptive teaser rates that end up costing you far more in the long run.
If it's time for you to get a new or used vehicle, let Wanigas Federal Credit Union help. Call our Loan Department today for friendly, professional service.

2001 & 2002 Models
6.99% APR
Terms Up to 72 Months

1998, 1999 & 2000 Models
7.75% APR
Terms Up to 60 Months

Need A Loan?

Wanigas Makes It Easy
Some of you may think applying for a loan involves a lot of time and paperwork.
At Wanigas Federal Credit Union we offer several ways to apply for a loan with your convenience one of our biggest concerns.
If you are considering applying for a loan you can:

1) Call any of our three locations

Bagley Street	517-799-9774
Shattuck Road	517-799-9812
Bay City	517-684-4860

2) Get on-line at www.wanigas.com and complete a loan application directly from our web site. You also have the option of printing the application at home, filling it out at your convenience and either drop it off at one of our three offices, or fax it (517-753-7864) or mail it.

3) Use Our Loan-By-Phone Program. Like our web site, you can use this service at any time. Just dial our Easy Banking By Phone and select service code 75. You can apply for your loan right over the phone. Just call 517-799-9808 or toll-free at (800) 675-2285

4) Stop by any of our three locations and meet with one of our loan professionals.

We Had a Great Time
See You next March!

Wanigas Federal Credit Union would like to thank all the members who attended our Annual Meeting held on March 9 & 10 at Horizons Conference Center.
After an excellent meal we conducted our business meeting and held elections. Then came the fun part: great music and dancing. If you could not make it to this year's meeting, plan to attend next year. Your input is important to us. Here are the members of your 2001 Official Family:

Board of Directors	Credit Committee	Supervisory Committee
Bill Dugan Oscar Gonzales Gwen Goodman Steve Jurik Gerald Little Tom Pesta Claude Tanner	Gus Alexander Bob Grunow, Jr. Lilia Orum Leo Pesta Ruth Robinson	Larry Gosen Willie McMillon B.J. Osborne Glen Tanner Leon Turner

Copies of our annual report are available for our members at all of our locations.

Get a Jump Start on
Home Improvement

Spring is just around the corner and that means it's a great time to tackle those home improvement projects you put off all winter long. Wondering how you can afford them? Wanigas Federal Credit Union has several financing options available to its members.

Our Home Equity Line-of-Credit is a great way to pay for your spring projects or any other large expense. You borrow funds as you need them, instead of borrowing it all up front. You pay no closing costs and only pay an appraisal fee if it is required. Consider our low rates and you have an excellent source of financing for your spring projects.

Borrow against the equity you have established in your house to:

	Fix your roof
	Install a swimming pool
	Redo your kitchen
	Landscape your yard
	Add another room
	And much more!!!

APR

APY

Regular Passbook Savings

2.00%

2.02%

Variable Rate Passbook Savings ($500 minimum)

$500 to $1,500

2.88%

2.92%

$1,501 to $2,500

2.88%

2.92%

$2,501 and over

3.00%

3.04%

Money Market Cash Management ($2,500 minimum)

With checking privileges

3.00%

3.04%

Share Draft Checking Account

1.75%

1.77%

Individual Retirement Account

4.38%

4.47%

Six-Month Certificates ($500 minimum)

4.50%

One-Year Certificates ($500 minimum)

5.00%

Three-Year Certificates ($500 minimum)

5.25%

** All dividends are computed on a daily balance, paid and compounded monthly. APY=Annual Percentage Yield

APR

Cars and Other Collateral

'01 & '02 Models

6.99%

'98, '99, '00 Models

7.75%

'96 & '97 Models

8.25%

'95 & Older Models

10.75%

Signature (Up to 24 months)

11.00%

Signature (25 to 48 months)

12.50%

Equal Shares

7.25%

VISA

11.90%

VISA Gold

9.50%

Student Loans (Government Regulated)

Regular Stafford

7.59%

Parent Student Loan

8.99%

Home Equity (No closing costs)

9.50%

15- and 30- Year Fixed-Rate Mortgages at Competitive Interest Rates

Wanigas Federal Credit Union. . .
Proud to Be a Part of Your Life

In the early 1950s, a small group of Saginaw Division Plant 2 employees formed the "Saginaw Gun Plant Employees Federal Credit Union". From those roots, Wanigas Federal Credit Union was born. We are proud to have been helping employees of Delphi Saginaw, Thomson Saginaw and Thomson Bay with their finances for almost five decades. It's a responsibility we value. Today, Wanigas Federal Credit Union has 26,000 members with total assets of $180 million. We offer our members a wide array of financial services, including: mortgages and refinancing, consumer loans, credit cards, debit cards, ATM cards, direct deposit, Easy Banking phone service, travel services, financial counseling and planning and brokerage services. Thank you for letting Wanigas Federal Credit Union be a part of your life.

	*No Closing Costs*		*Friendly and Professional Service*
	*A Simple, Convenient Application*		*Low Rates*

~~ Holiday Closings ~~
Good Friday April 13, 2001	Memorial Day Monday, May 28, 2001	Independence Day Wednesday, July 4, 2001