QUARTERLY MOUNTAIN IN THIS ISSUE 2013 SUMMER. America Helps Students When They Need It Most. Does Your Credit Card Stack Up? Debit Cards.

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1 MOUNTAIN QUARTERLY IN THIS ISSUE President s Message Montain America Helps Stdents When They Need It Most How Does Yor Credit Card Stack Up? MyExpressSM Have Debit Cards Yo Started Planning for Long-Term Care?

2 Two prodcts that we believe work to yor advantage on a variety of levels are or rewards prodcts specifically, or Rewards Checking and Rewards Visa Credit Card. PRESIDENT S MESSAGE Montain America Credit Union is a not-forprofit financial instittion. This means that we reinvest or income in channels specifically designed to better serve yo. We reinvest by expanding or branch network and have one of the most robst networks in the financial arena. We reinvest by providing yo with access to 5,000 shared-branching locations and more than 30,000 srcharge-free ATMs. We reinvest by providing yo with leading-edge technology, like free access to online branch, bill pay and mobile deposit. We reinvest or income by providing yo with indstry-leading prodcts. Montain America members have access to or fll spectrm of prodcts ato loans, mortgages, home eqity lines of credit and reverse mortgages, bsiness loans, bsiness prodcts and investment options. Two prodcts that we believe work to yor advantage on a variety of levels are or rewards prodcts specifically, or Rewards Checking and Rewards Visa Credit Card (see sidebar to the right). We reinvest or income by providing yo with indstry-leading prodcts. Montain America invests in yo. In jst for months, we were able to save or members more than $8 million in interest payments. Or financial representatives are there to help yo look for opportnities to save becase everyone can se some extra money. Visit s today and give s the opportnity to show yo how we invest in yo. Thank yo for choosing to be a member of Montain America Credit Union. p Sterling Nielsen, President/CEO Rewards Checking and Rewards Visa Credit Card Rewards Checking We re one of the few instittions to have rewards associated with or checking accont. The prodct is named MyStyleSM becase it allows yo the freedom to choose the featres yo se most things like bill pay, online banking and estatements as well as the rewards that come with it. When yo have a MyStyle Checking accont, yo have access to msic downloads, cash gifts, loan disconts, credit monitoring, ID protection and interest-earning options. Rewards Visa Credit Card Or Visa Credit Card carries perks sch as no balance transfer fees, low-rates and no annal fee. The rewards are niqe becase it s or program so the awards are not tied to a specific airline or one specific merchandise line. Not only do we offer great rewards, we give yo more opportnities to earn doble points.* As yo head off to do yor smmer travel, earn doble points on all prchases. We also offer doble rewards dring the holidays. * Loans sbject to credit approval. Membership reqired based on eligibility. Doble rewards on prchases throgh Jly 31, Annal percentage rate is variable and based on Prime (as determined by the Federal Reserve).

3 How Does Yor Stdent Loans montain america Helps Stdents When They Need It Most Whereas many banks and lenders have stopped offering private stdent loans to focs on bigger, more profitable loan types, yo still can depend on Montain America to help yo pay for school. Credit nions, like Montain America, have lower loan rates and provide more prodcts and services for stdents, according to CBS Money Watch. Yo shold first exhast all sorces of free money for school grants and scholarships and federal loans. Then an Edcation Line of Credit from Montain America can help flfill any remaining financial need. Loans p to $25,000 No origination fees No prepayment penalties Low, variable interest rate based on prime and yor credit worthiness Make interest-only payments while still in school If yo already have private stdent loans, we still can help. Think abot consolidating yor loans sing or Edcation Repayment Loan for a better payoff strategy. For more information on Montain America s Stdent Loans, visit Scholarship Winners Montain America congratlates the winners of its two 2013 scholarship programs. The skills these stdents have already developed, along with their proven commitment to excellence, will no dobt lead them forward to achieving the ambitios goals they have set and ftres filled with extraordinary opportnities. Pal R. Ball Scholarship The Pal R. Ball Scholarships are awarded every May to three stdents, who receive $2,000 each. The presentations for these awards are made at the stdents local branches by the branch manager. The winners of the Pal R. Ball Scholarships were LeaRose Lee, Erin Cavender and Erica Koltenk. Montain America/UPEA Scholarship The Montain America/Utah Pblic Employees Association Scholarship provides three, $1,000 scholarships, which were awarded to the recipients earlier this year at the annal Utah Pblic Employees General Assembly. The winners were Christine Henry, Qinn Pitcher and Dallin Clayton. p Credit Card STACK UP? The average credit card debt is crrently $7,073 per hosehold.1 With that amont of money on the line, it s important to nderstand the terms and conditions of yor card. For instance, do yo know what wold happen if yo went over the credit limit on one of yor credit cards, or if yo made a late payment? If yo got the card from a large national card isser or department store, chances are yo d be charged higher rates and fees, and yo might find yor interest rate hiked to nearly 30% if yo fall on hard times. Low-Rate Credit Card Comparison2 The terms and conditions of credit cards can vary greatly from one financial instittion to another. Here s how Montain America s Visa Platinm Credit Card compares to a handfl of competitors: Instittion Montain America Bank of America Capital One Wells Fargo Zions Bank Prchase Rate 7.99% to 11.99% var % to 20.99% var. 19.8% var % to 24.99% var. 9.24% to 12.24% var. Cash Advance Rate 17.90% 20.99% to 24.99% 24.9% var % to 25.99% 15.99% If yo re not satisfied with yor crrent credit card, it may be time to switch. We recommend considering a card from a credit nion. In most cases, yo ll find cards like Montain America s Visa Platinm Rewards Card featre some of the best rates and terms (as shown above). Switching to a low-rate card like this can save yo hndreds or thosands of dollars in interest over the years. Penalty Rate Up to 29.99% 29.4% var. Balance Transfer Fee 3% of amont 3% of amont 3% of amont 3% of amont Overlimit Fee Up to $29 Late Fee $15 to $25 $25 Get a Better Deal on Yor Credit Card Apply for a Montain America Visa Platinm Rewards Credit Card at yor nearest branch, over the phone at or online at p 1. According to nerdwallet.com 2. As of Jne 1, 2013 * Loans sbject to credit approval. Membership reqired based on eligibility. Annal percentage rate is variable and based on Prime (as determined by the Federal Reserve). Pls, now throgh Jly 31, yo ll earn two rewards points for every dollar spent. That s twice the rewards points for gifts, travel and more.

4 Prepaid Cards The New Way to Pay Prepaid cards were once a niche prodct for people withot bank acconts, bt in recent years, they ve begn to grow in poplarity. That s becase they re a convenient way to spend money like yo wold with a debit or credit card bt withot the hassle of handling cash or applying for credit. They also help consmers bdget and prevent overdraft charges, since only the amont loaded on the card can be spent. At Montain America, we re always searching for ways to help members financially, so natrally we looked into prepaid cards. The problem we fond, however, is that most prepaid cards are ridden with fees which is not how we do bsiness. That s why we ve developed a smart and affordable alternative: MyExpress Debit. So Mch More Than a Prepaid Card MyExpress Debit is like a prepaid card, so yo can deposit money into yor card accont as needed and se it wherever Visa Debit Cards are accepted. And since yo can only spend what yo deposit, there are no overdraft or interest charges. However, nlike many prepaid cards MyExpress Debit has no monthly maintenance, deposit or other hidden fees. It s a safe and convenient way to shop, transfer money to teenaged kids or receive federal benefits. Trly Versatile A MyExpress Debit Card can be sed for jst abot anything: Load it with an allowance and teach yonger children how to handle their money. Use it as a gift card yo can add fnds at any time. Bdget fnds for specific prchases. Lower the risk of making online prchases the card is limited to the amont of fnds yo place on it. Use it as a travel card. Transfer fnds instantly to yor teen or college-aged child for nexpected expenses. Use it as a bsiness per diem card. Sign Up Today! For more details, and to get yor MyExpress Debit Card, visit yor nearest Montain America branch. p annoncing... MyExpressSM Debit Cards have yo started planning for long-term care? According to the National Clearinghose for Long-Term Care (LTC) Information website, which is maintained by the U.S. Department of Health and Hman Services, 70% percent of individals over age 65 will reqire prolonged care at some point dring their lives. LTC policies can help pay for nrsing home, assisted living and home care costs. While most people agree that preparing for LTC is extremely important, a recent stdy shows that less than half of Americans have taken steps to prepare for the costs associated with LTC. Below are some eye-opening statistics: The average rate for a private nrsing home in Utah ranges from $186 to $212 per day, according to the National Clearinghose for LTC Information. The average rate for Utah in-home health care is $25 per hor, according to the National Clearinghose for LTC Information. Utah is one of 29 states with filial spport laws that can be sed to hold patients adlt children liable for npaid LTC bills, according to Kelly Greene s Wall Street Jornal personal finance blog. Medicare does not pay for LTC, so yo may want to consider options for private insrance. Montain America Insrance has partnered with Intermontain Insrance to help or members prepare for their LTC needs. If yo wold like a complementary LTC Shopper s Gide, or for more information, please call LTC-LTC1 ( ) today. If yo are crrently working with a trsted Montain America Wealth Advisor, give them a call today to discss how this important topic will impact yor overall financial plan. p New coming soon! Website Montain America s website is getting a new look. Here s a sneak peak at what yo can expect: Clean, modern design More ser-friendly navigation Easier to locate financial tools More details will become available as we approach the website s release date. So keep an eye on yor mailbox. p Insrance prodcts offered by Montain America Insrance Services, LLC, are not a deposit, not an obligation of or garanteed by any credit nion, not insred by the NCUA, and in the case of life insrance, may go down in vale. Prchasing of insrance prodcts will not affect the extension of credit in any way.

5 Board of Directors Roger P. Andrs, Chair Lynn Ure, Vice Chair Charlyn Sorensen, Secretary J. Brce Reading Scott J. Brt Diane Mansfield Charlie Flks Michael Allen Sam Blndell Spervisory Committee David Swan, Chair Wade Higgs Jlie A. Wray Montain America Corporate Offices P.O. Box 9001, West Jordan, UT Find Us: facebook.com/montainamerica Follow Us: twitter.com/montainamerica Sbscribe to Us: blog.mac.com Watch Us: yotbe.com/montainamerica Call Us: Service Center Toll-Free CARL CARL (2275) Investments Mortgage Loans Bsiness Services Stdent Loans Insrance Changes to Holds for Accont-to-Accont Transfers We are notifying yo in advance that, effective Agst 1, 2013, Accont-to-Accont (A2A) transfers made throgh the A2A program will generally be available on the second bsiness day after the day of deposit. If we are not going to make fnds from yor deposit available as described herein, we will notify yo of longer delays as reqired by the Fnd Availability Disclosre. If yo have any qestions abot this change, please contact s toll-free at Federally insred by NCUA. Loans sbject to credit approval. 07MTN091195