GEMC Federal Credit Union

You May Be Surprised At What’s Hiding Inside

The real estate market has definitely cooled off in most parts of the country. Many homeowners are deciding to stay in their homes instead of moving to a new home. Most real estate experts recommend
carefully considering the improvements that you make to your home. Kitchen and bathroom renovations are still considered good investments in existing homes. Another area of home renovations that has increased in activity and importance is improving the curb appeal of your home.

Your home may have wonderful flooring and stone countertops, but if the outside is drab or landscaping is overgrown potential buyers will never enter the house. Improved curb appeal can make you feel like you have moved to a new home without the moving hassles!

Our loan officers are here to help you determine
which product will help you achieve your dreams. Beware of the teaser rates for improvement and other home loans offered by other lenders. Many of these programs have huge escalation clauses and other hidden fees.

If you’re in need of some extra cash for home improvements, education expenses or other special
occasion, you may only need to look around the house. In fact, you may be surprised at what’s hiding inside! With a home equity line of credit from GEMC FCU, you can find that extra cash and put it to work for you.

Benefits of Our Home Equity Line of Credit:
• Rate as low as 5% APR*
• Interest may be tax deductible**
• Funds ready when you need them
• Only pay interest on the money you use
• No Fees or Closing Costs***
• Rates only adjust once a year with maximum rate caps
• Payroll deduction available

For more information, or to apply, call 770-270-7851 or visit www.gemc.org.

*Annual Percentage Rate. Rate based upon the Prime Rate as published in The Wall Street Journal as of 3/05/08. Rate may not ajust more than
2% per year and a total of 6% over the life of the loan. Rates and terms subject to change. See loan agreement for complete terms and conditions.
** The interest you pay may be tax deductible. Check with your tax advisor for details.
All loans subject to credit approval. Certain restrictions apply.
***Home Equity must remain open for at least two years with a minimum draw of $10,000 or a member will pay closing costs. Maximum credit
limit of $250,000. All loans subject to credit approval.

President’s Letter
Dear Credit Union Member:

Our lives are peppered with events – birthdays, graduations, weddings, just to name a few. These stages are the stepping stones along the journey of life. Wehave recently experienced one of these milestones in my family.My daughter is learning to drive.Watching my child climbing behind the wheel of a car has certainly made me think.Beyond the concern for her safety and sentimentality about her growing up so fast,this event has made me think about ourlives as a process.When learning to drive, none of us know everything. Things that will someday be completely second nature require careful thought. How much to turn the wheel when backing into that parking place. How far tomove the steering wheel before the wheels are straight. How far in advance to hit the brakes in order to come to a smooth stop. It takes instruction and practice before those things come automatically to us.It’s the same way with our finances. Noneof us, especially our children, start out as millionaires! We learn the fundamentals,practice basic skills, and get the right instruction along the way. Young people must learn to balance a check book andmanage a checking account before they areready to tackle the world of investing. Financial savvy and wise money manage-ment skills take time to build. And the first step is a strong foundation in the basics. Those first few times behind the wheel of a car are can be very intimidating. It can feel

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