Invest in America Newsletter June 2009 s1

Invest in America Newsletter – January 2010

Just the Facts (as of 12/31/09) IIA  46 leagues participating  2,125 credit unions promoting IIA  56% of national credit union membership reached through supporting credit unions  1,211,790 unique visitors to LMCU Web site Sprint  28 leagues supporting the program  542 credit unions supporting the program Sales  229,344 vehicles sold through December  176,611 new credit union auto loans through December  828,553 members have taken advantage of IIA discounts

Top LSC’s Automotive Sales Sprint Active Credit Unions Texas 33,333 Michigan 207 Michigan 18,250 California/Nevada 42 Florida/Alabama 15,238 Texas 37 California/Nevada 11,870 New York 33 Pennsylvania 11,191 Florida 29

What’s New?  Credit Unions Can Share in IIA Income with CompleteTax! o Credit unions earn 20% or an average of $2.20 for each return filed per member o Get your free marketing materials at http://www.lovemycreditunion.org/CompleteTax_Marketing_Materials_481.html, o With the exclusive credit union member discount CompleteTax is as much as 56% less than TurboTax and powered by the same software the pros use o Plus TurboTax is owned by Intuit, which also owns Quicken, a competitor to credit unions CompleteTax Premium TurboTax Premium Regular price $49.95 $74.95 CU Member Discount 30% 15% CU Member Price $34.97 $63.70  Chrysler Extends Affiliate Rewards Preferred Pricing for credit union members through March 31, 2010 o Most 2010 models included with strong cash incentives that stack on top of credit union discount o Members must obtain a control number from Chrysler via lovemycreditunion.org o Visit http://www.lovemycreditunion.org/Chrysler_172.html for full details  Costco to offer On Line Membership Certificate Program beginning January 15 o Special, online only, Costco membership certificate offer for credit union members o With each certificate, member receives coupons for free or discounted products of over $50 in value! o Certificates can be used for new memberships, membership upgrades or as a gift for family and friends o Full details available at http://www.lovemycreditunion.org/Costco_461.html

Updates  Credit Unions can choose to support IIA through three separate contracts that will come with income sharing opportunities based on marketing commitments. o Membership enhancement programs will fall into three Tiers: . Big Ticket Items financed by CUs (autos, RVs, Boats, homes, etc) – 80% of Advertising Pool . Sprint – wireless discount program already in place – 20% of marketing revenue . Member Rewards – All other discount offers promoting the use of credit union credit and debit cards – 20% of marketing revenue o Marketing agreements and more details will be available soon  “U.S. Shut Out of Japan’s Clunker Plan” – Automotive News December 21, 2009 front page story. o Japanese auto manufacturers sold 319,342 vehicles under the U.S cash-for-clunkers program . Almost half of 677,000 sales . 115,000 of the 319,342 were imported to the U.S. o Japan’s “clunker” program pays $2,778 to qualifying buyers who trade in cars, $1,111 for those who don’t trade in a vehicle o U.S. vehicles are excluded due to the fact that they don’t meet Japan’s unique emissions standards o The Office of the U.S trade representative has protested, to date, Japan has positioned the program as “fair”  New from Sprint - Get a FREE car charger*! Members have already been saving big with the Sprint Credit Union Member Discount Plan. Now our members can also receive a FREE car charger* with the purchase of a phone and a new activation through Sprint. o Start saving today! Free car charger available with web and phone purchases only. To learn more about this discount plan and to get your free car charger, visit www.SprintSave4CU.com or call 877.SAVE.4.CU (877-728-3428) *Offer valid from January 1, 2010 to January 31, 2010. Exclusively from Platinum Wireless, while supplies last. See Web site for details and restrictions.  Concern over GM and Chrysler 0% financing through GMAC Given the recent $3.8 Billion government loan provided to GMAC there are several key points which all credit unions need to understand about this issue: o GM owns less than 10% of GMAC o GMAC is now a bank and has access to TARP funds o 0% is usually restricted to select close out and discontinued brands o On a cost basis, 0% is balanced by equal amounts of consumer rebates which cannot be combined with rate support incentives It is important to note that when you combine the GM credit union member discount and eligible consumer rebates with low credit union rates, the payment in most cases comes out better than what 0% for 72 months alone provides.

0% for 72 Months GMAC Financing: 5.0% for 72 Months Credit Union Financing: Vehicle Price: $30,710 Vehicle Price: $30,710 Down Payment: $2,000 Down Payment: $2,000 Consumer Cash: $0 Consumer Cash: $4,000 Invest in America Discount $0 Invest in America Discount $1,573 Loan Amount: $28,710 Loan Amount: $23,137 Monthly Payment: $399 Monthly Payment: $373 Total Savings From Financing at Your Credit Union: $1,872

Please make every effort to educate your staff on the facts concerning GMAC and 0% for 72 month financing.

Credit Union Best Practices http://www.lovemycreditunion.org/Partner_Center_145.html

Fairwinds Credit Union

http://www.fairwinds.org/PersonalFinance/Buy_Car.asp? Display=America

 Fairwinds Credit Union calls out the relevance of Invest in America during these tough economic times

 Fairwinds reinforces the value proposition of the credit union discount combined with rates 1% lower than other financial institutions

Allegacy Credit Union

http://www.allegacyfcu.org/investinamerica/

 Allegacy FCU is promoting IIA with their car buying services CUABS

 They have CUABS representatives in each of their branches