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MemberNews - October 2016

Top Ranked Credit Union for 2016

UECU has been ranked as one of the top credit unions in PA for 2016 by AdvisoryHQ. The online news media company provides extensive research, reviews, and ranking of firms and products across the US, UK, and Canada. They conduct objective research to identify and rank the best companies, services, and products. AdvisoryHQ ranked UECU in the top 15 Best credit unions because of several key factors, including flexible checking account options, mortgages, and credit card options.

While UECU’s headquarters is located in PA, the benefits of credit union membership extend to members throughout the country. You can easily open a UECU Checking Account, or apply for a loan, mortgage or credit card anytime through Advantages Online™ or the UECU Mobile Banking App. You can also contact a Member Service Representative at 800.288.6423 or via Live Chat at uecu.org.

Don’t forget, the benefits of membership also extend to your family. Whether they live in your household or reside elsewhere, your spouse, children and stepchildren, grandchildren, parents, and siblings are eligible for membership too! Refer your family members now and receive a BONUS! To get started, visit uecu.org/refer.


*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 11/24/2016 until 12/31/2016 but this promotion can be terminated at any time. Visit uecu.org for complete VantagePoints™ program details.
† Must sign up to earn DOUBLE POINTS during the promotion period. Members may sign-up beginning 11/1/2016 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.


President’s Message

UECU Helps Members Protect Their Online Accounts

Over the past year you may have noticed the news reports about data breaches involving large national retailers, but chances are you probably haven’t read about the smaller, more direct attacks on consumers. With the increased use of the Internet and mobile devices by consumers to access online accounts and to make purchases, fraudsters are enlisting new ways to steal personal information through internet and phone scams. According to Bankrate.com and banking consultancy Novantas LLC in New York, cyber thieves are now targeting consumers rather than banks by looking for security holes in personal computers, because 80 percent of U.S. households bank on the Internet.

Following are several examples of schemes that are commonly employed, as fraudsters are finding more creative ways to get to their potential victims.

Malicious Software: Cyber-thieves attempt to access login credentials for online accounts by installing malware, originated through email attachments or web downloads. There are several simple steps that can help avoid accidently installing malware:

  • Do not open suspicious attachments on emails, particularly if received from an unfamiliar source
  • Don’t install any software or programs unless they are from a trusted source
  • Avoid going to small hosted websites with community forums, such as computer game sites
  • Do not click on links in pop-up ads on websites
  • Keep anti-virus software up to date

Pop-up Ads: Upon visiting a website, the consumer will receive a pop-up message that his computer was infected by a virus. The individual is instructed to call a phone number to get help to fix the issue, and is asked to provide credit card information so that the representative (at the fake company) can assist him.

“Smishing”: This scheme involves the receipt of a fraudulent text message from someone posing as a bank or credit union representative – they ask the recipient to respond with their account number and PIN. The information may then be used to access accounts.

At UECU, we are constantly monitoring our fraud protection systems and controls to safeguard your personal information and accounts. Security entails teamwork, and there are a number of steps that you can also take to protect your accounts:

  • Monitor your accounts regularly - it only takes a couple of minutes each day to log into your account and review your recent transactions and purchases. If you notice something suspicious, contact the Credit Union immediately at 800.288.6423. Be sure to also check the holds on your account, which include pending debit and credit card transactions.
  • Set up account alerts with UECU’s E-Notifications - you can set up alerts for various types of account activities, including ATM Transactions, Sign in Notifications, Checking Activity, Transactions over an Established Minimum, etc. You can set up these alerts through Advantages Online™; select “Services” and then choose “Set up E-Notifications”.
  • Avoid accessing your online account on shared computers or public Wi-Fi; like those located in airports, cafes, coffee shops, etc.
  • Do not provide confidential information in response to an unsolicited request through phone, email or text message.

For additional information I encourage you to visit our Fraud and Identity Theft Protection Resource Center at uecu.org/protectyourself. If you believe you may have been affected by a scam, you should promptly call our member service representatives, who are equipped to assist you. We are committed to providing you with safe and secure avenues to access your accounts anytime, anywhere, and thank you for choosing UECU as your trusted partner!

Pat Zyma
President/CEO and UECU Member


Is UECU’s Home Equity Loan One of the Best in the Country? You decide…

Fixed rates as low as 2.74% APR, financing up to 100% LTV, terms up to 20 years

One of the biggest advantages of being a homeowner is having the ability to borrow from the equity in your home to pay for things like home renovations, college expenses, large purchases, debt consolidation, and more. Equity is the difference between the value of your home and the amount you owe on your mortgage. Home Equity Loans can be considered 1st, 2nd, and sometimes even 3rd liens on your home. In most cases you already have a primary mortgage, so a home equity loan usually represents a 2nd lien.

Home Equity Loans typically provide significantly lower interest rates and longer terms compared to many other types of loans, making them one of the most affordable borrowing options for many homeowners because of the interest savings and low payment amounts. UECU’s Fixed Rate Home Equity Loan option provides exceptional savings and benefits compared to those offered by many other financial institutions across the country, including:

  • No application fees or closing costs, and no points*
  • Low fixed rates for up to 90% LTV (LTV stands for Loan-to-Value, which means the total amount that you owe compared to the value of your home); UECU also offers a low fixed rate option when your LTV exceeds 90%, all the way up to 100%
  • Extended terms up to 20 years – extended terms help to reduce payment amounts
  • Flexible repayment options – choose from weekly, biweekly, and monthly payment options
  • Tax deductible – Interest paid on a Home Equity Loan may be tax deductible
  • Simple application process – call 800.288.6423, ext. 4001, apply online at uecu.org, or through our mobile banking app

Apply now to take advantage of these low rates and extended terms!
Apply online at uecu.org, through the UECU Mobile Banking App, or by contacting a
Financial Service Consultant at 800.288.6423, ext. 4001 or via Live Chat at uecu.org

Join Us for a Complimentary Webinar October 12, 2016 - Taking Advantage of a Home’s Value for a Lifetime

To register, visit uecu.org/financialeducation

*You may be eligible for a no-cost loan; however, some fees may apply including an appraisal fee depending upon individual underwriting circumstances or fees imposed by third parties. If your home is located in SC, an attorney must assist with your real estate closing, and may charge fees. Some states charge additional recording tax after approval for which you are responsible. Consult your tax advisor regarding interest deductibility. **Rate based on 90% loan to value (LTV) & 60-month term. ^Rate based on 90% LTV & 240-month term. Rates shown are our lowest rates which are based on an evaluation of credit and maintaining an active UECU Checking Account with at least one transaction per month. Other rates and terms available; offer valid thru December 31, 2016. APR = Annual Percentage Rate. Home Equity products are not available in all states. Real estate must be first or second lien, 1-4 family owner-occupied residential property. Homeowners insurance is required. Flood insurance required for properties designated in flood zones. Equal Opportunity Lender.


You’re Invited to Attend the “Protect & Grow Your Savings”
Complimentary Seminar! - Learn more here >>


Privacy Notice

Federal law requires us to tell you how we collect, share, and protect your personal information. Our privacy policy has not changed and you may review our policy and practices with respect to your personal information at uecu.org or we will mail you a free copy upon request if you call us at 800.288.6423.