IS ALL ABOUT GIVING MORE TO OUR MEMBERS WINTER 2016

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1 IS ALL ABOUT GIVING MORE TO OUR MEMBERS WINTER 2016

2 Dear Fellow Members, I am happy to report that 2015 was a fantastic year for Notre Dame FCU, and with that comes excitement for continued growth and prosperity in While we are very proud to communicate strong earnings, we never forget that we are a cooperative and that means we work for you, our members/owners. So how does having a good year for the credit union translate into tangible benefits for you? In 2015, through our cash back program, we rebated $164,000 to our members who purchased or refinanced an auto with us. In 2016, we will continue to Pay it Forward in a variety of ways. Not only will we sponsor events you care about in our community, but we also plan to keep bringing you products and services that will make your lives less complicated and more secure. For example, in 2016 we will launch a new service to all credit and debit cardholders, providing enhanced security and control over your cards wherever you go. More than just freeze it! We will be one of the first financial institutions in the nation to offer this free service and we hope you decide to take full advantage of it. We will also continue our Elevate program to provide nationwide support to parishes, schools and other organizations. This is truly a groundbreaking initiative that is changing how organizations achieve their fundraising goals. If you would like to know more, please go to Lastly, you haven t seen the last of our cash back auto loan promotion either. We will continue paying our members up to $500 for each auto loan purchased or refinanced with us.* This will be in addition to rates and terms designed to lower your monthly payment and make life a little bit easier. At Notre Dame FCU, we strive to do everything we can to permanently enrich your financial life. That means continually looking for new and often innovative products and services. We hope that you know how much you mean to us, and that we are truly part of one big Notre Dame FCU family. As always, if you have any questions, suggestions, or comments, please do not hesitate to contact me at TGryp@NotreDameFCU.com. Happy New Year! Thomas J. Gryp 79 President/CEO *Earn 1.00% cash back, up to $500. Excludes Elevate program participating loans, Rate Genius loans and existing NDFCU loans. Offer may change at any time.

3 Six Most Overlooked Tax Deductions Are you taking all the tax deductions you are eligible for? We thought you might like a review of the deductions most often missed. Who among us wants to pay the IRS more taxes than we have to? 1 While few may raise their hands, Americans regularly overpay because they fail to take tax deductions for which they are eligible. Let s take a quick look at the six most overlooked opportunities to manage your tax bill. Reinvested Dividends: When your mutual fund pays you a dividend or capital gains distribution that income is a taxable event (unless the fund is held in a tax-deferred account, like an IRA). If you re like most fund owners, you reinvest these payments in additional shares of the fund. The tax trap lurks when you sell your mutual fund. If you fail to add the reinvested amounts back into the investment s cost basis, it can result in double taxation of those dividends. 2 Mutual funds are sold only by prospectus. Please consider the charges, risks, expenses and investment objectives carefully before investing. A prospectus containing this and other information about the investment company can be obtained from your financial professional. Read it carefully before you invest or send money. Job Hunting Costs: A tough job market may mean you are looking far and wide for employment. The costs of that search transportation, food and lodging for overnight stays, cab fares, personal car use, and even printing resumes may be considered tax-deductible expenses, provided the search is not for your first job. Out-of-Pocket Charity: It s not just cash donations that are deductible. If you donate goods or use your personal car for charitable work, these are potential tax deductions. Just be sure to get a receipt for any amount over $250. State Taxes: Did you owe state taxes at the time of filing of your previous year s tax returns? If you did, don t forget to include this payment as a tax deduction on your current year s tax return. Medicare Premiums: If you are self-employed (and not covered by an employer plan or your spouse s plan), you may be eligible to deduct premiums paid for Medicare Parts B and D, Medigap insurance and Medicare Advantage Plan. This deduction is available regardless of whether you itemize deductions or not. Income in Respect of a Decedent: If you ve inherited an IRA or pension, you may be able to deduct any estate tax paid by the IRA owner from the taxes due on the withdrawals you take from the inherited account. 3 1 The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. 2 Withdrawals from traditional IRAs are taxed as ordinary income and, if taken before age 59 1/2, may be subject to a 10% federal income tax penalty. Generally, once you reach age 70 1/2, you must begin taking required minimum distributions.3 Withdrawals from traditional IRAs are taxed as ordinary income and, if taken before age 59 1/2, may be subject to a 10% federal income tax penalty. Generally, once you reach age 70 1/2, you must begin taking required minimum distributions. FEE CHANGES CURRENT FEE Cashiers Check FREE with Direct Deposit into a personal account, an open loan, or if under 23 years of age. Limit of 2 FREE per day. Otherwise $6.00 each. Transfer Fee (fee is per transfer when automatic transfer is enacted to avoid overdraft) As defined by Regulation D, during any month, you may not make more than six (6) withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction. $3.00 Return Mail Fee (assessed when a member fails to provide a change of address, and mail is returned to the credit union for further investigation and processing by our staff) $10.00 Research Services $25.00/hour Account Balancing Assistance $20.00/hour EFFECTIVE MARCH 1, 2016 Cashiers Check $3.00 per check Transfer Fee (fee is per transfer when automatic transfer is enacted from a savings or line-of-credit account to avoid overdraft) As defined by Regulation D, during any month, you may not make more than six (6) withdrawals or transfers from an applicable deposit account to another credit union account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction. $3.00 Return Mail Fee (assessed when a member fails to provide a change of address, and mail is returned to the credit union for further investigation and processing by our staff) $20.00 Research Services and Account Balancing Assistance $20.00/hour

4 500 Bonus Points! Open a Notre Dame FCU VISA Platinum Credit Card today and earn 500 bonus points right away! Use your points to redeem for rewards including gift cards, merchandise, travel and much more! Access Rewards! at Dreampoints.com/NotreDameFCU. Don t have a VISA Platinum yet? Apply today at NotreDameFCU.com/Platinum WINTER HOLIDAY SCHEDULE Notre Dame FCU will be closed: Monday, January 18 Martin Luther King Day Monday, February 15 Presidents Day Member Discount from Love My Credit Union Rewards Being a member of Notre Dame FCU gives you access to exclusive discounts and benefits through Love My Credit Union Rewards. Receive discounts on Sprint, DIRECTV, ADT, and many more. Visit LoveMyCreditUnion.org to learn more! Notre Dame FCU Partners with GreenPath Notre Dame FCU cares about your financial health. We have partnered with GreenPath to provide you with access to free, one-on-one financial counseling, debt management services and financial education tools. Visit GreenPath.com/NDFCU or call to learn more! Call us for all your home, auto, and business insurance needs at or visit us at NDShamrockInsurance.com.

5 At Notre Dame FCU, our members are our family. Serving them quickly, professionally and with a warm smile creates an atmosphere of pride! Perk up your career and become a partner at Notre Dame FCU! Need Help Paying for College? When savings and federal student loans aren t enough, our private, non-government student loan may be the answer. For more information, stop in a local branch, call us at 800/ , or visit NotreDameFCU.com/StudentLoans. Notre Dame Federal Credit Union recommends using the STAR Loan as a supplemental funding source ONLY after exhausting all other opportunities available from federal student loans, education grants, and scholarships. As always, taking on debt for any reason should be done deliberately and only for amounts needed. Notre Dame FCU is excited to offer My Virtual StrongBox to all online banking users. My Virtual StrongBox works like an online safe-deposit box, combining easy access, functionality and best-of-breed security. My Virtual StrongBox is accessed through online banking, using your login and password. Each online banking member has 50MB of storage space, additional space can be purchased. To learn more, visit a branch, call us at (800) , or visit us online at NotreDameFCU.com.

6 YOUR MORTGAGE MADE EASY Whether you re buying, building or refinancing, getting a new home loan can seem complex. But, with Notre Dame Federal Credit Union you will receive the personalized one-on-one guidance you need from a team of professionals committed to delivering exceptional member service in all 50 states. Find out more at NotreDameFCU.com/Mortgages or call us at 844-ND-HOME1. WE LL PUT $500 IN YOUR POCKET! LOWER YOUR PAYMENT AND REFINANCE YOUR AUTO LOAN TODAY! Stop by your local branch, call or visit NotreDameFCU.com/500Pocket Federally Insured by the NCUA. Independent of the University.

7 P.O. Box 7878 Notre Dame, IN / NotreDameFCU.com SPECIAL NOTICE: ANNUAL MEETING 2016 On May 17, 2016 the Annual Meeting of Notre Dame FCU will take place at 5:30pm in the William Carey Auditorium of the Hesburgh Library on the University of Notre Dame campus. At that time, the election of four members of the Board of Directors will be conducted. No nominations will be accepted from the floor at that meeting unless there are fewer nominees than vacancies on the Board of Directors. The Board of Directors Nominating Committee has recommended the following persons to fill the four vacancies on the board: Victor DeCola, Incumbent (three-year term) Mark Mullaney, Incumbent (three-year term) Rodney Donigan, Incumbent (three-year term) James Summers, Incumbent (three-year term) Included with this notice are certain biographical information and the qualifications of these persons who have been recommended by the Nominating Committee of the Board of Directors. Further nominations for vacancies on the Board of Directors may be made by petition signed by at least one percent (1%), but not more than 527 of the members of the Credit Union. As of November 30, 2015, there are 52,759 members of the Credit Union, so any nominating petition would require 527 signatures of members (primary members, not co-owners on joint accounts) of the Credit Union. Such petitions shall include the name, address, telephone number, biographical data, and qualifications of the person nominated, as well as a signed certificate from any person to be nominated indicating this person s willingness to be nominated and to serve on the Board if elected. Furthermore, any such person will have to sign a written authorization to permit a credit check by the Credit Union. Any nominating petitions along with the biographical information shall be filed with the Secretary of the Credit Union no later than forty days prior to the meeting at which the election will be held. Accordingly, such petition shall be filed no later than the 8th day of April The biographical information and the qualifications of the individual who is nominated by petition will be available for review at the Credit Union thirty-five days prior to the meeting. The election will be by a plurality of all members present and voting, and shall be by written ballot, unless the number of nominees is equal to the number of vacancies to be filled by the election. If the number of nominees is equal to the number of vacancies to be filled, the Chair may take a voice vote or may declare each nominee elected by general consent or acclamation. Mark P. Mullaney Secretary BOARD OF DIRECTORS Victor DeCola Vic has served as a member of the Board of Directors of the Credit Union for 29 years. He has served as Vice Chairman of the Board for several years and is currently Chairman of the Board. He also serves on various non-profit boards in the community and has been involved in various community fund raising events. Vic earned his undergraduate degree from Indiana University at South Bend, and his MBA from the University of Notre Dame. He has worked for the University of Notre Dame for over 38 years, and is currently the Assistant Controller. I have been an active supporter and user of Notre Dame Federal Credit Union for over 45 years. It is the perfect example of the unique and increasingly important role that credit unions play in consumer finance, and I am proud to have served as a volunteer throughout its growth and success. I want to continue to govern the future of our Credit Union so that members will always enjoy its benefits, and be provided a high level of service. He and his wife, Pam, reside in South Bend. They are both active in philanthropic events in our community. Mark Mullaney A member of the Board of Directors since 2000, Mark serves as the Secretary to the Board as well as on the following Committees for the credit union: Human Resource & Pension Trustees, Nominating, and Budget & Finance. Mark is currently the Director of Business Operations at Family & Children s Center. He has a Bachelor s Degree in Business Administration from the University of Notre Dame and is a Certified Public Accountant (inactive). He and his wife, Nan, live in South Bend. They have 5 children, with 2 still living at home. I have enjoyed serving the members of Notre Dame Federal Credit Union, in the past as a member of the Supervisory Committee, and most recently, as a Board Member. I look forward to continuing my role as a member of Notre Dame Federal Credit Union s Board of Directors. Rodney Donigan A Board Member since 1995, Rod is currently the Department Chair-Business and Technology at Elkhart Memorial High School. He holds both a Bachelors Degree and a Masters Degree in Audiology from Michigan State University, as well as a Masters in Business Administration from Indiana University. Rod is the Chair of the Human Resource & Pension Trustee Committee, and serves on the Policy Review and Finance & Marketing Product Committees. As a Board Member, I have been actively involved with policy formation, human resources, and product development/marketing. I also take a special interest in the Credit Union s endeavors to serve the underserved in our community. Rod has been in the Michiana Community for over 30 years; Rod, his wife Mary, and their family currently reside in Granger. James Summers James is the owner of The Summers Group, LLC (TSG). TSG designs business solutions that improve profitability through diversity and inclusion. The company s primary focus is on small and very small businesses assisting them to develop the effective business processes to build capacity and grow. James has over 30 years of business leadership experience launching new and innovative products and services for fortune 500 companies and leading and directing profitable multi-million dollar business operations. For the Chicago Urban League he developed and led Diversity & Inclusion Programming. For the consulting firm the Kaleidoscope Group, he directed marketing activities and served as President of their multicultural marketing subsidiary. For the Whirlpool Corporation, James was director of Global E- Business and a Diversity & Inclusion Committee Chair. For Spiegel, Inc. he directed Electronic Publishing. James serves on several boards, committees and commissions including the South Bend Downtown Rotary Club; Dismas House; Community Forum for Economic Justice; Michiana Goodwill Excel Center; and the University of Wisconsin-Whitewater Entrepreneurship Advisory Board. He is the current Vice President of the local NAACP branch, Economic Development Committee Chair for the 100 Black Men of Greater South Bend and the past Diversity & Inclusion Advisor for the Society for Human Resource Management Michiana and Oakbrook, IL chapters.