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MembereNews - July 2015 - Summer

July 2015 Issue

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CURRENT DEPOSIT RATES | CURRENT LOAN RATES | CURRENT MORTGAGE RATES

TRUECar

*Guaranteed Savings not available in all states. In these states, a Target Price is shown, which is a market-based example of what you can reasonably expect to pay for your vehicle as configured. Your configured vehicle may not be available or in-stock at the Certified Dealer.
† UECU’s lowest auto loan rate of 1.24% APR is based upon an evaluation of credit-worthiness criteria, maintaining an active UECU checking account (at least one transaction per month), and purchasing a vehicle through a Certified TrueCar Dealer. Rate quoted for a 36-month term; your actual rate may differ. Limited time offer. Offer is subject to change without notice. Rate quoted is for new loans only; refinancing of existing UECU auto loans are not eligible. Certain auto model year and term restrictions apply.

Congratulations to our 2015 Glen A. Yeager $2,000 Scholarship Winners:

Jennifer N. of California and Zane R. of Pennsylvania

Thank you to all of the talented student members who entered this year’s contest! 

See the winning videos: uecu.org/scholarship


President's Message
Borrowing From UECU Isn’t Just Convenient, It’s Smart!

With summer and the warm weather firmly upon us, you may be thinking about the next home improvement project, or even be in the market for the purchase of a new home. Has a new car caught your eye? Or, like many others, are you looking forward to some well-deserved vacation time in the coming months. As you begin to set these plans in motion, know that UECU can help.

Accompanied by exceptional personal service, UECU offers a full suite of loan products and services, including mortgages, home equity loans and lines of credit, credit cards, automobile and personal loans. As a financial co-operative we strive to provide you, our member-owners, with superior value. Please keep reading for a few of the ways we accomplish this for our borrowing members.

A personal touch
When you apply for a loan at UECU, a member of our lending team will work with you to assure that the loan product selected is best suited to your unique situation, needs and goals. Our personalized lending representative will review your overall financial situation, explore opportunities to better manage debt, and serve as a resource and central point of contact throughout the loan origination process.

Just thinking about applying for a mortgage can be daunting and stressful, especially if you are a first time home buyer. Let our staff of dedicated professionals guide you through it. They will offer advice and keep you informed, starting with completion of the mortgage application and extending through closing on the home purchase.

Great rates, unique rewards
By borrowing with us, you save more of your hard-earned cash. We offer low rates and fees, which benefits our members in refinancing more costly loans from other financial institutions. In what other ways do we save you money? The year-end Member Loyalty Bonus™, paid by UECU in each of the past four years, has further reduced the cost of financing for our members. Last year (through the Member Loyalty Bonus) borrowers were rebated 6% of the loan interest paid during the year and an additional $100 was paid to members originating a mortgage through us. It pays to bundle all of your financial products and services with UECU.

Convenience
UECU offers the flexibility to choose when and how you wish to transact business with us. You can apply for a loan 24 hours a day, 7 days a week – online, with your mobile device, or by phone, at a time that best suits your schedule. Once approved, loan documents can be sent to you easily and securely through our digital transaction platform. Loan payments are made by the majority of our members through the convenience of payroll deduction or auto-transfer.

We continue to regularly expand our products, services and delivery systems to provide you with even better service and more convenience. Last month UECU introduced TRUECar®, an exclusive online service that enables members to shop for a vehicle from the comforts of home, without the hassle of going to the dealership and haggling over price. We also rolled out all-new online and mobile loan applications with automated approvals and pre-qualifications for applicants.

Regardless of the season, UECU is here to assist our members as your “one stop” shop for financial services. On behalf of the UECU team, I would like to extend our wishes to you for a safe and fun-filled summer.

Pat Zyma
President/CEO and UECU Member


Looking for a New or Used Vehicle?
Try UECU’s hassle-free car buying service & finance at a discounted rate!

Need a new vehicle, but don’t have time to shop around or negotiate pricing?

What could be better than Hassle-Free Car Buying and Guaranteed Savings**?

Shop with Utilities Employees Credit Union’s Car Buying Service, powered by TRUECar.

If you have ever purchased a vehicle, you may know that it’s not always a pleasurable experience. First, you have to determine the type of vehicle you are looking for, whether you want a new or used vehicle, what features you would like included, and how much you can afford to pay. Then comes the negotiation process. How do you know if you are really getting a good deal? The dealer may be offering a very attractive payment option, but at a much higher interest rate than the Credit Union, which means it could take much longer to pay off the loan and cost a lot more in the long run. We understand that purchasing a vehicle can be stressful, and that is why we are introducing TRUECar, to offer our members a hassle-free car buying service.

Whether you are looking for a sporty vehicle, a family car or a weekend cruiser, you can shop for the ideal vehicle when it’s convenient for you. Shop for new and used – choose from thousands of vehicles. Our new car buying service eliminates the negotiation process and there is no obligation to buy. You can get upfront pricing information from local Certified Dealers in minutes.

Never overpay with online research tools – see what others paid for the vehicle that you want. Plus, get the information you need to buy, research your trade-in value, compare vehicle features and prices, see photos of new and used vehicles, and get Free CarFAX reports on most used vehicles. Our online shopping tools also make it possible for you to build your new vehicle, providing options for you to select preferred vehicle features.

UECU’s car buying service gives you the confidence that Certified Dealer prices are honest and fair. Dealers will also provide you with Guaranteed Savings** off the MSRP for new vehicles in-stock and on the lot. Credit Union members save an average of $3,221* off MSRP.

But the savings doesn’t stop there… Shop TRUECar, Get Pre-qualified for a UECU Auto Loan, and Receive a Rate as Low as 1.24% APR†.

To Get Started…

1. Research your vehicle – visit www.uecu.org/autoloan; see what others paid for the vehicle that you want.

2. Lock in your savings – get a Guaranteed Savings** Certificate that includes your service savings.

3. Get pre-qualified for a UECU Auto Loan in minutes – apply online at uecu.org/autoloan, through our mobile banking app, or by calling 800-288-6423 ext. 4001.

4. Purchase your vehicle – take your certificate to the Certified Dealer and buy your new car!

* Between 4/1/14 and 6/30/14, the average estimated savings off MSRP presented by TrueCar Certified Dealers to users of TrueCar powered websites, based on users whoconfigured virtual vehicles and subsequently purchased a new vehicle of the same make and model listed on the certificate from Certified Dealers, was $3,221, includingapplicable vehicle specific manufacturer incentives. Your actual savings may vary based on multiple factors including the vehicle you select, region, dealer, and applicablevehicle specific manufacturer incentives which are subject to change. The Manufacturer's Suggested Retail Price ("MSRP") is determined by the manufacturer, and may notreflect the price at which vehicles are generally sold in the dealer's trade area as not all vehicles are sold at MSRP. Each dealer sets its own pricing. Neither TrueCar norUtilities Employees Credit Union brokers, sells or leases motor vehicles.
**Guaranteed Savings not available in all states. In these states, a Target Price is shown, which is a market-based example of what you can reasonably expect to pay foryour vehicle as configured. Your configured vehicle may not be available or in-stock at the Certified Dealer.† UECU’s lowest auto loan rate of 1.24% APR is based upon an evaluation of credit-worthiness criteria, maintaining an active UECU checking account (at least onetransaction per month), and purchasing a vehicle through a Certified TrueCar Dealer. Rate quoted for a 36-month term; your actual rate may differ. Limited time offer. Offeris subject to change without notice. Rate quoted is for new loans only; refinancing of existing UECU auto loans are not eligible. Certain auto model year and termrestrictions apply.

 


 

Chip Cards Will Be Sent To UECU VISA® Credit Cardholders

This fall, we will begin to convert our VISA credit cards to the latest chip technology. The cards will have the same look with a magnetic stripe on the back, but will also contain an embedded chip on the front. The chip adds another layer of protection against fraud. Chip cards are processed a little differently at chip-enabled merchant terminals. Throughout 2015, many merchants will convert their credit card terminals to process transactions using chip card technology.

Making Purchases with Chip Cards

  • If a merchant does not have a chip-enabled terminal, the card can be processed as it has in the past, with a swipe of the magnetic stripe.
  • If a merchant has a chip-enabled terminal, you will insert the card into the terminal with the chip facing up and the card will remain in the terminal until the transaction is complete. A signature may be required.
  • Purchases made online or by phone will remain the same. Card information required may include cardholder name, the 16-digit card number, expiration date, and 3-digit security code located on the back of the card.

We will send you a chip card within the next year, even if your current card’s expiration date is beyond that time frame. If your chip card will be sent much earlier than your current card expires, we will notify you in advance so you can watch for its arrival. For security reasons, the card should be activated immediately upon receipt and the old card should be destroyed. You will need to update your card information with billers that charge your card regularly. Additional information regarding chip cards can be found online at uecu.org/chipcard.

 


CURRENT PROMOTIONS:

UECU Personal Loan Offer

Home Equity Term Offer

 

20 Year Home<br />
                                              Equity Loan

UECU Dropped the Home Equity Line of Credit Rates Even Lower!

Home Equity Line Promotion