The CEO's Corner
Greetings!

Wow, summer is moving fast! It’s hard to believe, but kids will be back in school, and a full football season is just ahead. I have talked to many members in the last 18-months and most are relieved to be doing normal activities in 2021, vs 2020. While we see the economy improving, we know many pandemic impacted industries and workers are still struggling. Less hours, lost wages, extra medical bills, and caring for family members all caused some additional financial stress. At SharePoint, our membership follows those same trends you see on the news. We are just a tiny segment that mirrors the greater population. About 50-60% of our members will pull through, and over some time will get or keep their finances in good shape. The other 40-50% of the members have felt some greater impact, and perhaps they need a little help to get their finances back to pre-pandemic status.

We have been working on products to help all our members, no matter what your situation. If you are currently holding savings at SharePoint, we want you to be able to earn more interest. In this case, we are looking at the ability to do simple investments right on our mobile app. On the other hand, if you need to refinance your home, purchase a car, or consolidate credit card debt, even if your credit score may have fallen, don't hesitate; let's see what we can do.

SharePoint Credit Union was established during the great depression (in 1933) and we are here for you. We are well-capitalized, and our goals revolve around helping our members build a better financial picture. SharePoint offers some of the best rates and products in the financial industry. Please give us a chance to help you!

Lastly, the following four points may help you improve your credit score:

  1. Build a bigger credit file. Sometimes less credit (thin credit) does not give the rating agency enough history to grade your credit experience.
  2. Don’t miss any payments. Past due accounts hurt your score.
  3. Catch-up on any past-due accounts. Even if they are small, this demonstrates responsibility.
  4. Pay down the credit cards from time to time so they revolve. This shows you are not always borrowing the maximum available, helping with capacity for future borrowing.

Of course, you can only be successful with these four points if you live within your credit capacity. Sometimes, that’s easier said than done. We understand. Call, click, or stop in. Let’s work on this together.

Sincerely,
Phillip A. Kopischke
President and CEO
Refinance your loans to SharePoint and save!*
SharePoint has the best financing in the market. Whether you financed at the dealer or have high-rate store or bank credit cards, refinancing to SharePoint could help lower your payments or even pay your debt off faster. Give us the chance to calculate how much we could save you by refinancing your vehicle, home equity and credit cards from other financial institutions to SharePoint CU! Best of all, when you finance with SharePoint, you will benefit from:
  • Competitive rates
  • Flexible terms
  • Easy application
  • Convenient services
  • Personalized service and unique solutions

How much will we save you? Contact us today to find out! 
*All loans subject to approval. Equal housing Lender. We do business in accordance with the Fair Housing Law and Equal Opportunity Credit Act. NMLS #527701. Must be eligible for membership at SharePoint Credit Union. To determine eligibility, please review our website: https://www.sharepointcu.com/membershipeligibility. Information as of 7/1/2021 and subject to change without notice.

Don't miss your chance to win $5,000!*
That's right, we are giving away $5,000 to 20 rewards cardholders from July 12, 2021 through October 31, 2021! It's our way of saying 'thank you' to our members. Simply use your rewards card four times per week, or participate in our Alternate Eligibility Survey to qualify!
*No purchase, entry fee, credit or debit card usage necessary to enter or win. Open to Rewards Program cardholders, who are legal residents of the 50 US, DC & PR, 18+. Sweepstakes ends 10/31/2021. Void Where Prohibited. Subject to Official Rules with alternate entry method: www.cugivebacksweepstakes.com
Community Involvement
2021 Raspberry Festival Parade
SharePoint Credit Union Staff participated in the 2021 Raspberry Festival Parade in Hopkins
Sunday, July 18th, 2021.

We had a great time getting out into our community and seeing several lifelong members along the way!
Refer a friend, family member, or co-worker today!
  • New members will earn $25 for each new checking account or qualifying loan opened by 9/30/2021, up to $100^
  • Current members will receive $25 for each new member referred, up to $100 
  • Promotional funds will be deposited to each eligible member by 10/15/2021
^All SharePoint accounts are subject to approval. Referral must be a new member and be eligible for membership. Existing member must in good standing and fill out Referral Form online to be eligible to receive promotional funds. The existing member will receive $25 for each new SharePoint member they refer, up to four referrals. The new member will receive $25 for each new qualifying account opened or loan closed, up to four total. Offer is available for all consumer fixed rate, closed end loans and checking accounts. Member must close loan or open account by 9/30/2021. Promotional funds will be deposited into each eligible member’s Checking or Savings account by 10/15/2021. Member is responsible for any related taxes according to MN laws. Offer subject to change without notice. SharePoint is an equal housing lender. Federally insured by the NCUA.
Earn up to $200 with a new SharePoint CU
Checking Account!*
SharePoint’s Checking Accounts offer premium features for saving, managing, and spending your money. PLUS, for a limited time you can earn up to $200 with your new SharePoint Checking Account!*
Benefit from FREE features, including:
  • Loan discounts
  • Remote deposit
  • Account and card alerts
  • Person to person payments (P2P)
  • Over 25,000 nationwide ATM MoneyPass® network
  • Apply for loans and additional accounts within internet banking
  • Transfer funds within SharePoint or accounts outside of SharePoint

Earn an A+ in saving and money management when you open a SharePoint Checking Account today; our Representatives are
ready to help you get started.  
*All accounts subject to approval. Federally insured by the NCUA. Offer valid for new accounts only; restrictions apply. Member is responsible for any related taxes, according to MN laws. Cannot be combined with other offers. Accounts must be opened by 9/30/2021 and will have 60 days from account opening to meet requirements to qualify for promotional funds. Promotional funds will be distributed as requirements are met or by 12/15/2021. If requirements are not met, member is not eligible for promotional funds. SharePoint reserves the right to reclaim funds if account is closed within 6 months. Must be eligible for membership; to determine, please visit sharepointcu.com/membershipeligibility.

1$100 Direct Deposit:
Member must set up direct deposit from an employer or social security check of at least $300 per month for two verified, qualified consecutive months. Promotional funds will be distributed as requirements are met or by 12/15/2021.

2 $50 Reserve Line of Credit:
The Reserve Line of Credit’s (RLOC) APR is variable, based on an index plus a margin of 6.75%. The current index used is the Prime Rate as published by the Wall Street Journal. Promotional funds will be deposited into new Checking Account at time of RLOC opening.

3$50 for Point of Sale:
Member must make at least 10 Point of Sale debit card transactions with their new SharePoint debit card within 60 days of account opening. Promotional funds will be distributed as requirements are met or by 12/15/2021.
SharePoint Credit Union l www.sharepointcu.com l (952) 930-0700 l Locations