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UECU's July MemberNews

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Save Trees.
Simplify Your Finances.
Earn Hundreds of Bonus VantagePoints™!*
Sign up for UECU’s electronic account statements through August 31, 2016 and receive a one-time bonus of 500 VantagePoints™ for each paper statement you enroll into E-Statements. By signing up for E-Statements, you will be able to reduce paper clutter and the amount of time you spend shredding confidential documents. Plus, you’ll be able to retrieve your E-Statements securely anytime, anywhere through Advantages Online™.
 
You could earn hundreds of bonus reward points by signing up for Member E-Statements, Visa® E-Statements, and Tax E-Forms during UECU’s E-Statement promotion. In addition to the bonus reward points, you will also be awarded 25 VantagePoints™ per month for each E-Statement you receive.
 
To sign up for E-Statements
  1. Visit uecu.org and log in to Advantages Online
    (If you are not currently enrolled in Advantages Online™, visit uecu.org and click on Advantages Online™. On the Sign In screen, click Register, under New Users.)
  2. Under the Services tab, click on Setup/Download E-Statements
  3. Follow the prompts to accept the E-Statement Service Agreement and complete the electronic records verification process
  4. Turn on E-Statements by switching the Off button to On for each statement type (i.e. Member E-Statements, Visa E-Statements, and Tax E-Forms), then click OK
    Please note: If you previously signed up for one of the E-Statement types referenced above, you will not have to complete step 3.

Have questions about E-Statements? Contact a Member Service Representative at 800.288.6423 or via Live Chat at uecu.org

*You must sign up for E-Statements during the promotional period, June 15 – August 31, 2016, to receive the bonus VantagePoints™ for E-Statement enrollment. Points will be awarded on the last day of the month in which you enroll into E-Statements. Members, who previously signed up for E-Statements for all three statement types (Member E-Statements, Visa E-Statements, and Tax E-Forms), will not be eligible for the promotion. For complete VantagePoints™ program rules, visit uecu.org.

Advantages Visa® Check Cards™ with chip technology – the embedded chip adds another layer of protection against fraud when used at chip-enabled terminals.
 
Samsung Pay® & Android Pay™ – Soon, Samsung® and Android™ users will be able to add their Advantages Visa Check Card™ and Visa Power Card™ to their digital wallets with Samsung and/or Android.

 

Android, Android Pay, and the Android Logo are trademarks of Google Inc.
Samsung® and Samsung Pay® are registered trademarks of Samsung Electronics Co., Ltd.


 
Enhanced Fraud Protection for UECU Check and Credit Cardholders
 
Currently, UECU credit and check cardholders are contacted via phone call when a suspected fraudulent purchase is made. To further protect you, UECU has enhanced the fraud protection services. Beginning in July, cardholders will receive texts and/or emails, in addition to phone calls, to confirm if suspicious purchases are valid or not. We will ONLY ask you to verify if you did make the purchase(s) or not, we will NOT ask for account or personal information. The type of communication you receive (i.e. text, email, or phone call) will depend upon the time of day the suspected transaction occurred and if you have a mobile phone number on record with the Credit Union. Keeping you protected is important to us and we are excited to offer these new enhanced fraud services to you. For additional information, click here or call 800.288.6423.
 

 
President’s Message
Get Started on the Road to Financial Success with the MyFirst UECU Program
 
The need for financial literacy has never been more apparent than it is now. Many students and young professionals today are beginning their financial journey with a large amount of debt from student loans, credit cards, and living expenses. This year UECU embarked upon a mission to expand financial education for our members because we believe that everyone should have access to trusted financial information, tools, and resources to help them make informed decisions about their personal finances. Learning about credit, debt, and saving at an early age contributes to developing sensible saving and spending habits that benefit the individual throughout his/her lifetime.
 
There are many published articles on this topic. A recent study conducted by the Global Financial Literacy Excellence Center (GFLEC) and the PwC, noted that individuals aged 23-35 (collectively termed “Millennials”) were asked to complete a survey about their personal finances. According to the results of the study, 24% demonstrated basic financial literacy, and only 8% demonstrated high financial literacy*, reinforcing the need for organizations such as credit unions to supplement the efforts of parents and teachers in providing the education and equipping our youth with the tools to make smart financial decisions.
 
UECU is part of a coalition of credit unions dedicated to providing financial resources to individuals in need, including Millennials. In collaboration with the Pennsylvania Credit Union Association, and credit unions in our region, we recently participated in a Financial Reality Fair to help the students of a local high school learn about basic financial skills. The event created a unique opportunity for the students to learn about financial challenges that they will face after graduation. They participated in an interactive exercise where they could identify a career and starting salary, then complete a budget worksheet requiring them to live within their monthly salary, while paying for their necessary expenses. Credit unions across the U.S. are incorporating workshops such as these into their financial literacy programs to help young adults develop real-life problem solving skills.
 
In addition to participating in the Financial Reality Fair, UECU also expanded financial literacy resources and programs for members. We are very happy to announce the launch of the MyFirst UECU program. We realize that getting started can be the hardest part of the financial journey for those who are financing a college education, starting their career, saving for a rainy day, or looking to purchase their first car or home. So, we created a program that provides financial options to help our members reach these goals. Our new credit builder loans include no co-signer options for Visa® credit cards, personal loans, and auto loans. MyFirst UECU checking options include low to no fees, no minimum balance requirements, nationwide ATM surcharge rebates, and the convenience of 24-hour account access and mobile check deposit.
 
Our goal is to become your financial partner for life. I invite you to learn more about the MyFirst UECU program, taking the first step toward financial independence can be as easy as visiting uecu.org/MyFirstUECU. Additionally, we offer articles, videos, and event information on financial education topics for members of all ages on the Education section of our website. Our new online financial program for kids and parents, The Centsables, provides resources for parents to teach children about saving and offers interactive games which make learning about money, FUN. Visit uecu.org and click on The Centsables icon.
 
Credit unions are about “people helping people”. We believe that financial education is key to financial success; and why we continue to expand our financial education resources. Our dedicated team cares about your well-being and is here when you need us, for all your financial needs.
 
Pat Zyma
President / CEO and UECU Member
 
*Source: GFLEC and PwC “Millennials & Financial Literacy – The Struggle with Personal Finance” study, 2015

UECU Now Offers a Private Student Loan Solution for Utility Workers and Their Families!
 
Planning for college can be exciting but it can also be stressful – especially when it comes time to pay your tuition bill. UECU wants to help relieve some of that stress with our new private loan solution from Student Choice.
As a not-for-profit lender, UECU has a unique ability to help undergraduate students and their families by offering a Student Choice private lending solution that features:
  • Zero origination or prepayment fees
  • Lower interest rates
  • Simple one-time online application
  • Deferment of principal and interest while in school
  • Flexible repayment terms including graduated repayment for two years
  • Convenient line of credit structure that lets you apply once and secure financing for your entire college career*

We encourage you to seek out scholarships, grants, and federal student loans before applying for a private student loan, but want you to know we are here to help fill funding gaps other types of aid can leave behind.

Since UECU is here for one reason only – to serve our members – we are able to offer more competitive student loan options to help you save money. Student loans are a long-term relationship and it is important to choose a lender carefully. Always be sure you read the fine print and compare fees, terms, and repayment options (not just rates) when comparing student loans.

You can read more about how to choose student loans and the financial aid process by visiting our student-focused website, uecu.studentchoice.org. This new website provides students and families with the tools and resources they need to make a smart decision when financing college.

To apply for a private student loan, visit uecu.studentchoice.org or call the Student Choice Loan Center at 844.814.9905.

Remember, UECU’s goal is not just to help you fund a college education for yourself or a family member, but to become your financial partner for life.

*Subject to qualification and annual credit review.


UECU Welcomes the Employees of McCarthy Engineering

McCarthy Engineering Associates Inc. is an award-winning engineering, consulting, planning, and environmental services firm, based in Wyomissing PA. Their goal is to continually exceed their customers’ expectations and deliver engineering excellence in everything they do. Learn more about McCarthy Engineering at mccarthy-engineering.com
 
We look forward to serving the employees of McCarthy Engineering!
 

UECU Welcomes New Board Member Joseph Deane

Joseph Deane is principal owner of KTR Associates, a consulting firm based in Sinking Spring, Pennsylvania that specializes in electrical safety and electrical engineering & design. He has 30 years of experience as an Electrical Engineer, Project Manager, and Executive, working in both the utility and business sectors. Joe is a graduate of Penn State University and holds a BS degree in Electrical Engineering. He is a registered engineer in the state of Pennsylvania and is also a member of the Institute of Electrical Inspectors, American Society of Safety Engineers, Institute of Electrical and Electronic Engineers, and the National Fire Protection Association. Joe formerly worked within the GPU system. UECU is pleased to welcome Joe to our Board of Directors.


Thank You, Steve Schumacher

UECU thanks Steve Schumacher for his many years of service to the Credit Union and its members. Steve provided leadership and volunteered his time and talents over the past six years as a member of the Credit Union’s Board of Directors, serving as Chairman from 2013 to 2015. On behalf of the entire Board and staff, we thank Steve for his dedication and commitment to UECU, and wish him well in his retirement.

Try UECU’s Car Buying Service, TrueCar, and Get Pre-qualified for an Auto Loan in Minutes!

To get started:

  • Research your vehicle online with TrueCar’s free research tools, visit uecu.org/autoloan
  • Get pre-qualified for a UECU auto loan; apply online at uecu.org, through our mobile banking app, or by calling 800-288-6423, ext. 4001