October 2015 Issue
Utilities Employees Credit Union recognizes that your investment needs may go beyond what traditional banking products can offer. That is why we are pleased to announce our alliance with Cetera Investment Services LLC, a full-service securities brokerage firm.
Through Utilities Employees Investment Services, a Cetera Investment Services program, you can now receive a wide range of investment and insurance services at UECU. Mutual funds, annuities, stocks and bonds, IRAs, and tax-free investments are just some of the investment products now available to our members. Whether your investment needs are personal or business-related, they can provide the extensive service you need.
We hope that you will enjoy this added convenience and take full advantage of a no obligation consultation with James Miller or Gina Katrinak in our Wealth Management Department. We are committed to helping you pursue your financial goals more easily. To schedule an appointment, contact James Miller or Gina Katrinak. Your business is sincerely appreciated. We look forward to continually expanding our services in an effort to fulfill all of your financial needs!
Securities and insurance products are offered through Cetera Investment Services LLC (doing insurance business in CA as CFGIS Insurance Agency), member FINRA/SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Neither firm is affiliated with the financial institution where investment services are offered. Investments are: *Not FDIC/NCUSIF insured *May lose value *Not financial institution guaranteed *Not a deposit *Not insured by any federal government agency. Advisory services may only be offered by investment adviser representatives in conjunction with the firm advisory services agreement and disclosure brochure as provided.
*Transactions must be signature-based; PIN-based transactions do not earn VantagePoints™. Points are earned net of credits. DOUBLE POINTS for the purpose of this promotion cannot be combined with DOUBLE POINTS earned on the first 30 days after receipt of your new card. Members will earn DOUBLE POINTS 11/26/2015 until 12/31/2015. This promotion can be discontinued at any time.
† Must sign up to earn DOUBLE POINTS during the promotion period. Members may sign-up beginning 11/2/2015 by logging into their UECU account with Advantages Online™ banking to opt-in to the promotion, by calling UECU’s Member Service Representatives during business hours at 800-288-6423, or by completing a sign up form provided by UECU for this promotion to members via email.
This credit union is federally insured by the National Credit Union Administration. Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.
Throughout 2015 UECU has introduced many new products and services designed to provide our members with additional options to make banking with us even more convenient and easy. In January we introduced ePosit™ Mobile, mobile check deposit, followed a few months later by our mobile loan application and our new car buying service, TRUECar.
Another major initiative for 2015 is the introduction and rollout of UECU’s VISA® credit cards with chip technology. Many countries and merchants outside of the U.S. already employ this technology. As well publicized, there is now a move within the U.S. to establish chip cards as the standard in this country. The embedded microchip provides consumers with greater protection against card fraud and unauthorized use, when used at retailers equipped with chip-enabled terminals. In addition, the chip card is easier and more convenient to use when traveling abroad.
As originally announced in the July 2015 edition of Member News, our release of chip credit cards is now beginning and will be phased in over the next year. You can expect to receive your new VISA Power Card ™ or Home Equity VISA Platinum Card within the next year, even if your current card’s expiration date is beyond that timeframe. 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. Please be sure to activate the new card immediately upon receipt. The UECU VISA Power Card™ and Home Equity VISA Platinum Card will continue to have the magnetic stripe on the back, to accommodate purchases at merchants who have not upgraded their terminals to accept the chip technology.
This new technology will not change the low rate, no annual fee, points earned on purchases, and the many other benefits that you have become accustomed to with UECU’s VISA Power Card™.
The security of members’ financial information is a top priority for UECU, and we employ sophisticated 24/7 systems designed to detect unusual card activity, stop potential fraud, and provide you added peace of mind. As a consumer, there are also many simple steps that you can take to reduce your exposure to credit card fraud, a few of which are as follows:
We are proud to serve over 44,000 member-owners nationwide and are committed to providing you products and services that offer exceptional value, convenience and security.
President/CEO and UECU Member
by Rick Minjock, UECU Lending Manager
Some riders would admit there is nothing more exhilarating than conquering the open road, especially in the fall. It’s a great time to take the long way home and cruise those country roads. If you have been thinking about purchasing a motorcycle but were unsure what to do next, consider these tips before making the big purchase:
Preference – What type of bike do you want? Whether it’s a sports bike or a cruiser, you want to consider the size of the bike, power, speed and comfort. There are many different brands and styles of motorcycles available but you want to make sure that you are purchasing the one that fits your lifestyle. The best way to do this is by researching different types of bikes. Once you have narrowed down your selection, visit the dealership and take a test drive.
Safety – When it comes to motorcycle riding, there is nothing more important than safety. If you are a new rider, you may want to consider a Motorcycle Safety course, where you can learn how to handle the bike. Having the right protective gear is also very critical. Unlike cars, motorcycles do not provide much protection in the event of an accident. But you can safeguard yourself by wearing a helmet, riding pants, a jacket, gloves and boots.
Cost – Consider these questions… Do you want a new or used motorcycle? When do you plan to buy the motorcycle? Many dealerships offer end of year discounts because they need to sell their current stock of bikes to make space for the new models. How much will insurance cost? Since there is typically more maintenance required for motorcycles than cars, will you be able to afford the upkeep? Have you priced the cost of accessories and safety gear? These are important questions for you to answer before you purchase the bike of your dreams.
Utilities Employees Credit Union provides affordable financing options for riders, we just dropped our motorcycle loan rates to as low as 3.99% APR*. We’ve also simplified the application process. You can now get pre-qualified for a motorcycle loan in minutes. You can apply online at uecu.org or through our mobile banking app. Remember to get pre-qualified before you visit the dealership, to ensure that you are getting the best deal possible. If you have questions, please contact a Financial Service Consultant at 800-288-6423 Ext. 4001.
* APR=Annual Percentage Rate. Lowest quoted rate is based upon an evaluation of credit-worthiness criteria and maintaining an active UECU checking account (at least one transaction per month). Rate quoted for a 60-month term and 2015/2016 model years; your actual rate may differ. Motorcycle loan rates range from 3.99% APR to 15.50% APR. Loan is subject to underwriting and approval. Rate quoted is for new loans only; refinancing of existing UECU loans are not eligible. Certain model year and term restrictions apply. Limited time offer. May be discontinued at any time without prior notice. Equal Opportunity Lender.
Annmarie Higgins is Vice President of Human Resources for SCANA Corporation, based in Cayce, South Carolina. She assumed her current position in 2014 after being employed as the Vice President of Corporate Human Resources for BMW Americas. Annmarie also worked for Mitsubishi Polyester Film (formerly Hoechst Celanese) in various HR roles. She began her career as a Process Engineer and holds a Bachelor of Science degree in Chemical Engineering. Annmarie is also active in her community; she has participated in the Aspen Global Leadership Network and served on United Way Boards. She was also nominated to participate in Liberty Fellowship, a leadership program that inspires participants to take action to benefit South Carolina. She graduated from the program in 2014. On a personal note, Annmarie and her husband Ted have two daughters. UECU is pleased to welcome Annmarie to our Board of Directors.
Protecting your identity has become an enormous task. Merchant data breaches have multiplied drastically over the past several years. Hackers have continued to find new and creative ways to access sensitive information. This has left many people feeling very vulnerable because they unknowingly had their account information or identity stolen. That is why it is more important than ever, that you take the necessary steps to protect yourself.
UECU is here to help. We will begin offering an online resource center where you can access information regarding internet safety, online fraud, identity theft, tips on protecting your UECU accounts and more. The program will be available on the UECU website in October. Also, look for information in the News You Can Use eNews.
Beginning this fall, we will start to issue chip cards for VISA and Home Equity VISA To learn more about chip cards, please visit: uecu.org/chipcard