Apple recently launched Apple Pay, the ability to pay with a debit or credit card using an iPhone, Apple Watch, or iPad instead of a traditional plastic card. Apple released this new payment service with a few national banks. Other banks and credit unions will be added to Apple Pay in the future and Utah Community Credit Union is in queue to provide Apple Pay to our members as soon as Apple expands its service. UCCU anticipates Apple Pay usage will increase as more businesses update their technology to accept this new payment option.
How does Apple Pay Work?
Apple Pay can be used with the following devices with iOS 8.1 or later: iPhone 6, iPhone 6 Plus, Apple Watch, iPad Air 2, or iPad mini 3. Instead of a traditional plastic card to facilitate a purchase Apple Pay uses Touch ID with a single touch of your finger. Setup is simple. In your Passbook app take a picture of an approved debit or credit card to be used as payment.
A major hurdle in the widespread use of Apple Pay is that businesses need to have near field communication (NFC) technology to accept Apple Pay services. The credit union anticipates that more businesses will update their hardware to accept this new form of payment.
Is Apple Pay Safe?
A benefit to Apple Pay is that your actual credit or debit card numbers are never shared by Apple with merchants or transmitted with payment. Instead Apple Pay passes a transaction-specific dynamic security code to process the payment. In addition, paying with Apple Pay is private, as the cashier will never see your name, card numbers or security code.
When will UCCU have Apple Pay?
UCCU is eager to allow members to use their UCCU debit and credit cards with Apple Pay. The credit union is in queue with Apple to offer Apple Pay. Get started using Apple Pay with UCCU cards when available. The credit union will notify members again as it gets closer.
Although we live in a fast-paced, technologically-minded world, you can still just call 801-223-7640 and ask for Steve. Steve Hart has been with UCCU for over 26 years and his official title is UCCU Mortgage Leads Manager. If you have a question about mortgages, you can still talk to an actual live person instead of a recording.
When you are trying to find the home of your dreams it takes a lot of work and a lot of patience. We now offer every type of loan out there and that’s why we have Steve Hart to help you find the loan to fit your needs.
Apply now online at uccu.com and get pre-approved in as little as 20 minutes! We also have other resources in our Mortgage Center such as our mortgage calculator, rate watch notifications, tips and information on closing your mortgage, and a glossary with helpful terms and information.
UCCU … Inspiring Smart Decisions
Everyone loves a winner. If an investment is successful, most people naturally want to stick with it. But is that the best approach? It may sound counter intuitive, but it may be possible to have too much of a good thing. Over time, the performance of different investments can shift a portfolio’s intent – and its risk profile. It’s a phenomenon sometimes referred to as “risk creep,” and it happens when a portfolio has its risk profile shift over time.
When deciding how to allocate investments, many start by taking into account their time horizon, risk tolerance, and specific goals. Next, individual investments are selected that pursue the overall objective. If all the investments selected had the same return, that balance – that allocation – would remain steady for a period of time. But if the investments had varying returns, the portfolio over time may bear little resemblance to its original allocation.
How Rebalancing Works
Rebalancing is the process of restoring a portfolio to its original risk profile. There are two ways to rebalance a portfolio. The first is to use new money. When adding money to a portfolio, allocate these new funds to those assets or asset classes that have fallen. For example, if bonds have fallen from 40% of a portfolio to 30%, consider purchasing enough bonds to return them to their original 40% allocation. Diversification is an investment principle designed to manage risk. However, diversification does not guarantee against a loss.
The second is to sell enough of the “winners” to buy more under-performing assets. Ironically, this type of rebalancing actually forces you to buy low and sell high. Periodically rebalancing your portfolio to match your desired risk tolerance is a sound practice regardless of the market conditions. One approach is to set a specific time each year to schedule an appointment to review your portfolio and determine if adjustments are appropriate.
Learn more at: www.ucinvestmentservices.com/newsletters.cfm
Or, contact Steve Lloyd at (801) 223-7502 to set an appointment with one of our financial professionals.
Curtis Willardson, CFP, CLU, Daniel O Palmer, and Stephen Martin CFP, CLU, ChFC are registered representatives offering securities and and advisory services offered through Cetera Advisor Networks LLC, member FINRA/SIPC. David Palmer is a registered representative offering securities through Cetera Advisor Networks LLC, member FINRA/SIPC. Cetera is under separate ownership from any other named entity. Registered address: 188 W River Park Drive, Provo, UT 84604.Not NCUA/NCUSIF Insured – No Credit Union Guarantee – Not A Deposit – May Lose Value Not Insured By Any Federal Government Agency.
For kids, teens and in-betweens, UCCU’s BeMoneySmart banking program is an easy way to ensure kids and parents have a plan for financial success. Our BeMoneySmartRoadmap is an interactive tool that allows kids of all ages to learn the importance of financial responsibility. Each step in your child’s financial journey is different. That’s why our BeMoneySmart program adjusts as your child’s financial needs do.
Watch our newest BeMoneySmart video and learn more ways that you can help your children achieve financial success. Our goal is to give you the tools to successfully help you and your child plan for the future.
Visit bemoneysmart.org for more information about our money saving program especially designed for children ages 0-15 years.
Fall is the best time to prepare your home for the coming Winter months. By following these helpful steps your home will be in tip top shape.
Restock on the essentials – Don’t wait until the first snowfall before you stock up on ice melt or salt. By being prepared with these items you can make sure your winter is as simple as possible. It’s also a good idea to have sand or kitty litter in your trunk in the snowy season. It can be used as a way to create traction if you get stuck in a snow drift.
Clean your chimney and fireplace – before you decide to use your fireplace for the first time this season, make sure you have a chimney sweep clean out your fireplace and make sure it’s fit for use. This will help prevent house fires and also carbon monoxide from leaking into your home.
Check your insulation, caulking, and weatherstrips – The easiest way to make sure your home is comfortable and energy efficient is to make sure every crack, window, and exterior door is prepped and ready to keep out the snow and cold. Typically if the space between the sliding and window or door frames is more than the width of a nickel, you need to apply new silicone caulking. Silicone is the best type of caulking because it doesn’t warp or shrink with changes in weather. You can also add weather stripping around doors to help seal in the warmth.
Turn off exterior faucets – turning off exterior faucets keeps water from being trapped in your home’s pipe system and makes sure you avoid re-plumbing.
Check your gutters – The easiest way to cause damage is to forget to clean your gutters before the winter season hits. If there are leaves or other obstructions it will cause snow and water to build up and possibly damage your house. By cleaning out the gutters the water and snow can run off properly.
Divert water away from the house – Add extensions to downspouts to help avoid damage to your home. By adding length away from your foundation at least 4-5 feet you can rest easy and avoid costly repairs.
Check your Heating System – Beat the repair rush by hiring a technician to inspect your furnace or heat pump before the Winter season begins. By making sure your system is working properly and efficiently you can be sure your heater will make it through the cold months.
Halloween is a fun-filled time of year with candy, costumes, and decorations. That’s why it’s important to remember to stay safe.
To help make Halloween a success this year, follow these easy tips:
Eat dinner before taking your kids out – Eating dinner gives your kids a balanced meal before they start their inevitable candy binge. Trying to wait until after you trick-or-treat is practically impossible.
Travel in groups – Try to see if other parents are available to go with you. It’s fun for the kids to be together and you can talk with the adults as well.
Pick costumes that fit– Consider your child’s safety when picking a costume. Having baggy, oversized costumes or shoes can be a tripping hazard. The last thing you need is a trip to the emergency room on halloween. Also be sure that wigs, masks, and beards or mustaches don’t obstruct your child’s breathing or vision.
Make your kids stand out – Do your best to make sure your kids are visible. Buy refelctive tape, light colored costumes, glow stick jewelry, and have flashlights for them to carry.
When your kids get home – Check all the treats to make sure they are sealed, and factory produced. Throw out anything suspicious or homemade that wasn’t made by someone you know.
Come up with candy rules – Give your kids boundaries when it comes to halloween candy. Find a place to keep the candy so you can control how much they eat.
Keep trick-or-treaters safe at your home too:
keep your yard clean – By making sure your yard is clear of hoses, ladders, flower pots or other debris, it will help keep kids from getting hurt while passing through.
keep your house lit – Keeping your yard and walkway lit helps let people know you want trick-or-treaters, and prevents kids from hurting themselves.