For 2019 and 2020, Utilities Employees Credit Union has been ranked in the top 200 credit unions in the United States.
DepositAccount.com has ranked UECU as one of the healthiest credit unions in America for 2019 and 2020. Out of 5,335 credit unions in the country, UECU is in the top 200. DepositAccounts.com evaluates the financial health of over 10,000 banks and credit unions in the United States once per quarter and has been tracking healthy institutions since 2010. To determine bank ranking and recognition, DepositAccounts.com grades each institution on a number of factors, including capitalization, deposit growth and loan-to-reserve ratios.
For 30 years, Utilities Employees Credit Union has consistently received the 5-Star “Superior” Rating from BauerFinancial, Inc., an independent firm that analyzes banks and credit unions. To achieve this status, every quarter in which it has been ranked, Utilities Employees Credit Union has been assessed as having the highest ranking level in capital adequacy, asset quality and stability.
BauerFinancial, Inc. recommends those credit unions rated either 5-Star or 4-Star on a zero-to-five-star scale. These credit unions are deemed safe, financially sound credit unions that are operating well above their regulatory requirements. Bauer classifies each ranked U.S. credit union through a complex formula based on factors including capital, historical performance trends, loan delinquencies and charge-offs, investment portfolio quality, capital reserves, regulatory compliance, and total asset quality. The BauerFinancial, Inc. Star Ratings Scale uses five levels for credit union ranking: Superior (5 Stars), Excellent, Adequate, Problematic, and Troubled (1 Star). Information about Bauer Financial and its standards for evaluating financial institutions is available on their website at www.bauerfinancial.com.
Utilities Employees Credit Union holds a Superior Rating from IDC Financial Publishing, Inc., an independent firm that provides key performance measurement data for government-reporting financial institutions across the country. IDC Financial Publishing, Inc. calculates a one-number quality rank for each institution along with over 35 key financial ratios. There are six categories: Superior (200-300), Excellent (165-199), Average (125-164), Below Average (75-124), and Lowest Ratios (2-74) and Rank One. The analysis is based on the financial information each institution reports to the Federal Government.
Credit unions rated Superior are classified as the best in all measures. On average, they have the strongest capital ratios, the best asset quality, and are the most profitable. Many of these institutions demonstrate an ability to generate a core return on net worth (ROE) above cost of net worth (COE). For more information about IDC Financial Publishing, Inc. please visit their website at www.idcfp.com.
Press Releases and Announcements
- UECU Announces 2021 Student Scholarship for Utility and Energy Families
- UECU featured in Business View Magazine – Banking from the comfort of your home
- Dream Leaguers to be treated to a safe Halloween event
- DepositAccounts.com Announces Annual Top 200 Banks and Credit Unions in America
- Utilities Employees Credit Union Launches Digital Financial Education Initiative for Utility Workers and Their Families
- Utilities Employees Credit Union Increases Student Scholarship for 2019
- Utilities Employees Credit Union (UECU) Helps Utility and Energy Employees Get Financially Fit in 2019
A Message from Our President
If you are like me, you’re probably getting excited about the warmer temperatures and extended daylight. Spring is one of my favorite seasons because I enjoy getting back outside to do some hiking, golfing, and traveling. If your plans for the spring and summer include going on vacation, sprucing up your home, or buying a new car, we can help. Our Credit Union is well-capitalized, and we have money to lend to our members. To help you save money, we offer low rates on our real estate loans, credit card and personal loans, vacation loans, auto, boat, RV loans, and student loans.
I am pleased to announce that we’ve hired a new Business Lending Analyst, Steven Wickenheiser, to assist in developing our business lending program so that we can provide more business lending opportunities to you. If your goals for 2021 include launching a new business or making business enhancements, please look for additional information on our website in the coming months.
I am also very excited to share that we are reinventing our checking accounts this year with new and unexpected benefits that will help save you money, lower your bills, and put important safety and protection benefits at your fingertips. Our new checking account benefits will provide you with extra savings on local and nationwide deals, soften the financial impact of stolen or broken cell phones, get emergency help when your vehicle lets you down, and more. Checking accounts at UECU will do more than ever before. And you’ll be the first to hear all about it very soon. We’ve also redesigned the UECU website to provide you with a better mobile experience on all of your Apple and Android devices. We’ll continue to make enhancements to the website, so please visit often and check out the new features.
If you are traveling to visit friends and family in Pennsylvania this summer, please don’t forget to tell them about UECU membership. With our new partnership with PACC, the Pennsylvania American Consumer Council, all PA residents are eligible for credit union membership, no matter where they live or work in the state. I hope that you and your family have a safe and relaxing summer and get to enjoy some extra family time together.
Fee Schedule Information
|Effective August 1, 2020 – Changes are shaded.|
|CHECKING AND MONEY MARKET SAVINGS ACCOUNTS|
|Rewards Checking (free checking) – no minimum daily balance requirement or monthly fees.|
|Rewards Checking PLUS (interest checking) – A $500 minimum daily balance is required to avoid a monthly fee of $10. Minimum balance fee will be waived if a total of $500 in electronic deposits is made to your Rewards Checking PLUS during the month.|
|Green Light Checking™ (second chance checking) – A $12 monthly service fee. No minimum balance requirement.|
|Advantages Money Market Savings™ (high-yield savings) – A $2,500 minimum daily balance is required to avoid a monthly fee of $10.|
|Deposited Item Returned Unpaid (check, ACH)||$15.00|
|Non-Sufficient Funds (NSF)|
(check, debit item, ACH or other electronic debit)
|Advantages Overdraft Defense™|
(check, debit item, ACH or other electronic debit)
(per day used from Savings, PLOC, Visa®)
(Item posted with exception due to incorrect account information. Fee charged for each occurrence after 30 days from date of notification)
|Replacement Copy of Statement (per copy)||$5.00|
(check, ACH, withdrawal check, loan check, Treasurer’s Check)
|Replacement Withdrawal Check||$15.00|
|Copy of Member Check (mailed to member)|
Please Note: Members enrolled in Advantages Online™ have unlimited access to check copies via online and mobile banking.
|Temporary Checks (set of 4)||$2.00|
|Check Printing Charges||$ Depends on Quantity/Style|
|Copy of Withdrawal Check or Treasurer’s Check||$10.00|
|Dormant Account**||$15.00 per quarter|
(Statement undeliverable during consecutive 12-month period — member is responsible for updating address with credit union OR a closed account check not cashed within six months.)
|Direct IRA Transfer||$35.00|
|Account Balance/Deposit Written Verification||$5.00 (per item)|
|Incoming Wire Transfer Service|
(UECU may deduct additional processing fees charged by intermediary financial institutions. To avoid additional fees, contact the Credit Union at 800.288.6423 or click here for wire instructions.)
|$5.00 (per transfer)|
|*A stop may only be placed on a Treasurer’s Check if lost or stolen. **No member-generated activity in last 12 months and aggregate deposit account balance is less than $1000, unless under age 25 or member has an active Loan, IRA or Certificate of Deposit, or if member lives in an active household.|
Loan-Related Fees will be assessed at time of service and may be financed.
|Payoff Request (faxed or mailed)||$30.00|
|Returned Loan or Visa Convenience Check||$25.00|
|Loan or Visa Payment Returned Unpaid|
|Loan Disbursement by Wire Transfer||$20.00 per transfer|
|Telephone (TEL) Loan Payment|
First two payments are free. Fee will be assessed for each payment over two unless, you have written authorization on file.
(Offered on eligible loans. Skip-A-Pay requests must be submitted to the Credit Union seven days prior to payment date. To set up a Skip-A-Pay, click here.)
|Satisfaction of Mortgage Fee when refinancing HE Term Loan or HELOC with another lender||$35.00|
|Loan Modification Fees may apply, contact the Credit Union for details.|
|Replacement Card Fee (per card)||$5.00|
|Expedited Card Delivery||$30.00|
|Copy of Card Sales Draft||$12.00|
|Notice: A charge may be imposed on debit card transactions by a.) the automated teller machine (ATM) operator, if the member initiates a transaction from an ATM that is not operated by the institution issuing the card and b.) by any national, regional or local network used to complete the transaction.|
|Account Forfeiture Fee|
Account closed within 45 days due to incomplete member documentation or no member transactions within six months.
|$5.00 plus dividends paid and accrued|
|Unlocated Member (bad address)||$10.00|
|Levy, Attachment, Garnishment, Writ, or other legal process||$75.00|
|Research Fee (1 hour minimum)||$25.00 per hour|
|Duplicate Tax Form||$5.00|
|EXPEDITED MAIL SERVICE (where available^):|
|Monday through Friday 2nd-day delivery||$27.00|
|Monday through Friday Standard Overnight||$35.00|
|Monday through Friday Priority Overnight||$40.00|
|Saturday Delivery Priority Overnight||$45.00|
^Additional fees will apply for delivery outside the contiguous United States. Fees will be deducted from the member’s account at the time of service. Additional fees could be charged if you utilize services not listed on this website.