News from Group Health Credit Union
What's new at Group Health Credit Union
 

Click on any of the links below to read in-depth
enews articles:

Phishing Scam
If you receive a text message from GHCU do not respond. GHCU does not text its members. We have heard from some members that they are receiving text messages purportedly from GHCU. Messages may look like this: "This is an automated message from Group Health Credit Union. Your Visa card has been suspended. To reactivate call urgent at 1-866-506-0288." (Or anything similar to the above.)

  • Do NOT call the number on the text.
  • NEVER release personal information to unknown individuals or organizations.
  • Contact us directly if you’re ever in doubt of the legitimacy of the sender.
  • If you continue to receive these messages, you may want to consider changing your number, and/or contacting your phone provider.

The right mortgage, on your terms
With the housing market so uncertain, people are understandably uncomfortable with adjustable rate mortgages (ARMs). Sometimes,however, an ARM is the perfect mortgage choice—if you plan to be in your home for only 5-7 years, for example. If an adjustable rate mortgage fits your situation, GHCU is offering some of the best ARMs around.

Affordability
GHCU’s rates on ARMs are extremely competitive, particularly for “jumbo” loans (more than $417,000).

GHCU’s ARMs are priced well below the market for a 30-year fixed loan, potentially saving borrowers thousands of dollars in interest. Additionally, our fees are generally far lower, and there’s never a pre-payment penalty.

Applying for a loan with GHCU makes good fiscal sense—and we make it simple. You can apply online via our secure service, you can visit one of our branches, or you can call us at 206-298-9394 or 800-562-5515.

Imagine: freedom from high fees
Credit unions like Group Health Credit Union have members, not shareholders. Without shareholders, we can keep fees and interest rates on loans lower and returns on savings products higher. This keeps our members happy.

bank fee comparison chart

GHCU introduces eco-friendly home equity line of credit
If it’s time to replace your washing machine or install new windows on your house, we’ve got a great, “green” offer for you. Apply for a new home equity line of credit (HELOC) or activate an existing one between April 13 and July 31, 2009, use the money to purchase energy efficient fixtures or appliances, and you’ll earn bonus PurplePoints to redeem on GHCU products!

It’s our way of saying “thank you” for purchasing products that are friendlier on our environment.

Here’s how the program works:
  • Apply for a new HELOC* or activate an existing HELOC between April 13 and July 31, 2009. (A new HELOC or an advance from an existing HELOC of $10,000-$50,000 will entitle the borrower to 1,000 PurplePoints. A new HELOC or an advance from an existing HELOC of $50,001+ will entitle the borrower to 2,000 PurplePoints.)
  • Purchase Energy Star-approved products between April 13 and July 31, 2009.
  • Send your product receipts to GHCU by August 15, 2009. (Required to be eligible for PurplePoints.)
  • Apply your PurplePoints toward increasing the interest rate on a savings product or reducing the rate on a loan!**

About Energy Star
Energy Star is a joint effort between the US Environmental Protection Agency and the US Department of Energy. The program encourages consumers to purchase fixtures and appliances that save energy while producing fewer greenhouse gases. And use of these energy efficient products can save households hundreds of dollars a year in energy costs!
Call 206-298-9394 or 800-562-5515 or visit one of our branches to get started saving money, energy and our environment!

*Subject to credit approval.
**Increase new certificate rate by 0.25% or decrease new loan rate by 0.25% (excludes mortgages, Visa and line of credit products).

Switch Kit
Are you ready to make the switch to GHCU? We make it easy with our switch kit.

Annual Reports
(Downloads are in PDF format and require Adobe Reader, available here.)

Want to know more about your credit union? Read on!
2008 Annual Report
2007 Annual Report

 

Group Health Credit Union in the community
 

Race for the Cure
Four bake sales, hundreds of ribbon sales, a garage sale, two ice cream socials and a silent auction, plus the standard “will you sponsor me” requests netted more than $10,500 in contributions for the Group Health Credit Union Race for the Cure team this year. Ninety GHCU staff, friends and family turned out on June 7 to walk or run in the 5K Race—the largest team the credit union has had in its many years of participating.

race for the cure

race for the cure group photo

GHCU employees, friends and families gather to walk and run in support of Puget Sound Race for the Cure. Photo courtesy of GHCU and used with permission.

Despite the credit union’s modest size (just over 100 employees), GHCU was the number two corporate team in funds raised, a number which is a source of great pride to Team Captain Meghin Margel.

Says Margel, “We are a small, not-for profit credit union with a big heart. Dollar by dollar we earned these donations because we believe in the importance of breast cancer research and finding a cure for this disease that touches the friends and families of our employees and members. I am just so proud of our team!

International District Clean Up
On May 16, 2009, GHCU staff, along with family and friends, participated in the annual Spring Clean Up and “paint-out” in Seattle’s International District. The event was organized by SCIDpda, the Seattle Chinatown International District Preservation and Development Authority, in order to enhance the look and safety of the district.

More than 250 volunteers gathered at the “ID” (International District) Community Center and armed themselves with paint, rollers, cleaning products, garbage bags and trash grabbers. For two hours on a sunny Saturday, the GHCU team painted over graffiti, picked up trash and spread fresh wood chips around the base of trees.

“It was an opportunity to do a real service for the International District, for the people who live there and the businesses that operate there,” said Bob Schweigert, Clean-Up Team Captain and GHCU’s Chief Lending Officer.

ID clean up team

ID cleanup team closeup

Credit University teaches kids about money
To help educate high school students about money management Group Health Credit Union is partnering with six other credit unions to sponsor Credit University, a financial literacy program for high school students. The program teaches kids the importance of saving their money through pop culture. The results have been great! Pre- and post-testing of 6,500 Credit University students in 2006 showed an 11 percent increase in teen savings. GHCU is pleased to partner with Qualstar, Sound, Watermark, America's, Seattle Metropolitan and Verity credit unions to bring Credit University to Washington state students. Listen to a NPR story on the program here.

 

Group Health Credit Union making the news

Download the latest GHCU news as it's being made.
(Downloads are in PDF format and require Adobe Reader, available here.)

GHCU Contributes 90 Walkers, $10,500 to Puget Sound Race for the Cure (110 KB)
Credit Union Cooperation Saves Member in Want of Yuan (162 KB)
Fight Identity Theft at GHCU's Free Shred-a-thon (156 KB)
Grand Opening of our new Bellevue branch (102 KB)
GHCU Creates Grand Opening Buzz with Free Caffeine and Sugar (228 KB)
GHCU Gives Holiday Card Proceeds to Ronald McDonald House (161 KB)
GHCU Gives Holiday Card Proceeds to Treehouse (112 KB)
GHCU_announces_VP_and_CLO (31 KB)
Group Health Credit Union Opens New Lake Union Branch (120 KB)
Group Health Credit Union Announces New CEO. (41 KB)
Holiday Cards created by kids benefit charities (47.1 KB)
Race for the Cure 2007 (241 KB)
Race for the Cure 2006 (83 KB)
Washington State Quarters (116 KB)
Random Acts of Kindness Week (44.5KB)
Credit University (28.7KB)
Operation Crayon (92.8 KB)

Press kit
(Downloads are in PDF format and require Adobe Reader, available here.)

Credit Union Overview
GHCU Fact Sheet
John Iglesias, President/CEO Biography

Download Gear Up

Download the latest print issues of our member newsletter Gear Up.
(Downloads are in PDF format and require Adobe Reader, available here.)

Summer 2009 (419 KB)
Winter 2009 (427 KB)
Fall 2008
(440 KB)
Summer 2008
(980 KB)
Spring 2008 (932 KB)
Fall 2007 (748 KB)
Summer 2007 (1,286 KB)
Spring 2007 (1,224 KB)
Fall 2006 (340 KB)
Summer 2006 (459 KB)
Spring 2006
(481 KB)





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