President’s Message May 2012

Elections
One of our often forgotten blessings is the opportunity to participate in elections at many levels. Participating in elections gives us a voice in how our cities, states, and nation operate. Other organizations also let us impact policy and volunteer our efforts to make a difference in our community. We encourage everyone to participate in the important elections this year. Exercising your right to vote not only helps achieve positive outcomes, but lets us express our gratitude for the freedoms we have.

You also have a vote at UCCU
As a member and owner of UCCU, you can participate in our annual board elections. Utah Community Credit Union is served by a nine-member volunteer board of directors elected by the membership of the credit union

This month you have the opportunity to cast your ballot and elect your UCCU Board of Directors. Utah Community Credit Union has been extremely well served through the years by outstanding board members who come from the best of business and community leaders in our area. Credit union members have a history of electing capable and principled credit union board members. The leadership provided by the Board has guided the credit union in historic growth and success. They have provided policies and direction that have built integrity and financial strength of the credit union . The credit union’s continued growth, high ratings, positive audits, and strong financial capital position underscore the importance of electing top-notch leaders to the Board of Directors .

Be Sure to Vote
Please review the candidate’s biographical information included in this newsletter. You can vote at any of our branches or online at uccu.com.  It will only take you a minute or two to impact the continued success of the credit union. Voting runs from May 7th through May 18th.

The Credit Union exists to serve members
As a not-for-profit financial institution, UCCU exists solely to serve the financial needs of its members. We are aware of this important responsibility. Our goal is to be your first choice financial partner. As a member, you can expect to come first. Our friendly and professional staff works hard to meet your needs and offer you excellent service.  We are successful to the degree that we provide members the services and information to help them successfully  manage their financial affairs and make wise financial decisions. Take full advantage of your membership and use us for all we’re worth!

Jeff Sermon
President/CEO
Utah Community Credit Unionfree web stats

free web stats

free web stats

free web stats

free web stats

free web stats

Share Button

Bankruptcy Facts

Bankruptcy. The very word evokes strong feelings in most people. Though rarely anyone’s first choice when trying to cope with overwhelming debt, the decision to file should be made only when fully aware of all its consequences.

Here are some facts to consider about chapter 7 bankruptcy:

Filing bankruptcy can be expensive: Court costs and attorney’s fees add up, and are non-dischargeable. Depending on your situation, this is money that potentially could be spent bringing past-due accounts current, or making payment arrangements.

You may lose property: If your assets are worth more than state and federal exemption guidelines, they will be liquidated and the proceeds divided up among your creditors. This can include your home, car, heirlooms, and jewelry.

It does not solve spending problems: Bankruptcy will not be much use if you spend more than you make. Because credit is available even after discharge (usually with astronomical interest rates), many people quickly descend into debt again.

Not everything can be discharged: You can only walk away from such unsecured debts as credit cards and signature loans. So if a good portion of what you owe consists of student loans, tax debt, legal fees, or back child support, bankruptcy will not help.

Bankruptcy may stay on your credit report for ten years: That is a daunting time frame for most people. The damage to your credit report can prevent you from renting an apartment, buying a home or car, or even acquiring life insurance. And many employers are now pulling credit reports to determine a candidate’s responsibility and stability, so even your future job may be at stake.

Share Button