2014 was a very successful year for credit union members and for UCCU. LOCAL ECONOMY Boasting one of the nation’s lowest unemployment rates, Utah is recognized as one of the most stable and economically sound states in the nation. According … Continue reading
Tax-favored investing involves both tax-exempt investments and tax-deferred investments. Municipal bonds are free of federal income tax and may be free of state and local income taxes for investors who live in the area where the bond was issued.
Tax-deferred investments, on which taxes are postponed until you withdraw your money, include qualified retirement plans, such as traditional IRAs and employer-sponsored plans, as well as insurance products like annuities and sometimes life insurance. Money held in money market funds is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Money market funds are investment funds that seek to preserve the value of your investment at $1.00 a share. (Mutual funds are sold only by prospectus. Please consider the charges, risks, expenses, and investment objectives carefully before investing. A prospectus containing this and other information about the investment company can be obtained from your financial professional.)
Annuities have contract limitations, fees, and charges, including account and administrative fees, underlying investment management fees, mortality and expense fees, and charges for optional benefits. Most annuities have surrender fees that are usually highest if you take out the money in the initial years of the annuity contract.
Several factors will affect the cost and availability of life insurance, including age, health, and the type and amount of insurance purchased. Life insurance policies have expenses, including mortality and other charges. If a policy is surrendered prematurely, the policyholder also may pay surrender charges and have income tax implications.
You should consider determining whether you are insurable before implementing a strategy involving life insurance. Any guarantees associated with a policy are dependent on the ability of the issuing insurance company to continue making claim payments.
For more information on this subject contact Steve Lloyd, Office Manager, UCCU Financial Group, at 801-223-7502.
Securities and advisory services offered through Cetera Advisor Networks LLC, member FINRA/SIPC. Cetera is under separate ownership from any other named entity.
Identity theft is one of the fastest growing crimes in the nation. Last year, the nonprofit Identity Theft Resource Center has identified 470 breaches, exposing more than 11.5 million records. You are at risk every time you bank online or shop. Identity thieves will look for ways to steal your personal information any way they can.
The easiest way to protect your information is to keep an eye on the activity on your credit/debit card. Also, remember to report any suspicious transactions immediately. Besides monitoring your transactions to protect your identity, you should also consider using an identity protection service.
LifeLock helps safeguard your finances and credit by monitoring over a trillion data points every day and scans for threats to your identity. LifeLock has also increased their security features and services to give you peace of mind, such as data breach notifications, Credit Card monitoring, Checking and Savings Account Activity Alerts, and Investment Account Activity Alerts.
Tax season is fast approaching, and sometimes it can seem difficult to know where to start. As tax codes are getting more and more complicated it can become confusing and overwhelming. That’s why at UCCU we encourage you to use online tax preparation services to get the biggest refund possible. Filing the correct tax information and getting it done quickly is now as easy as logging in to your computer with TurboTax.
TurboTax helps you file your tax return electronically so you can receive the fastest tax refund possible. They will explain changes in your tax refund, and give you tips on how to earn the most money. TurboTax studies IRS and state tax laws so its software is always up-to-date, and you can be confident your taxes are done right. TurboTax is so confident that their system will work for you, they even a maximum refund guarantee, they’ll double check your return for you and offer a 100% accurate guarantee.
UCCU, in partnership with TurboTax, is also offering our members a 10% discount on tax preparation services plus a chance to win in their 25K giveaway. We hope this great deal will help you navigate through this tax season so you can enjoy this time of year.
For more information, please visit your local branch or call 1-800-453-8188.
UCCU would like to engage your kids in science, technology, engineering and math through the First Annual UTAH STEM FEST this March. This free festival provides opportunities for kids to get hands-on experience with science and technology and give them a peek into their future career opportunities.
The STEM fest is held for 3 full days, March 25 – 27, 2015, at the UCCU Center on UVU campus in Orem. The STEM Fest is open to the public on Friday from 2 p.m. to 8 p.m. You and your family will be able to see a wide variety of innovations and meet with educators and companies in Utah. There will be interactive exhibits to spark students’ imaginations and demonstrate the difference STEM disciplines are making in the world. It’s the opportunity to introduce your children to the amazing companies who are leading Utah’s dynamic innovation explosion.
Junior high school students are encouraged to come with their schools on either Wednesday, Thursday, or Friday morning. For more information please visit utahstemfest.com.
At UCCU we are always trying to find ways to make it easy for our members to save money and be financially smart. That’s why we have our home equity lines of credit with our New Low Payment Calculation. Now you can consolidate your debt into one loan with one really low payment.
Home equity lines of credit are useful if you need a large sum of money over a longer period of time. Whether you are remodeling your home or paying for a wedding we offer home equity lines of credit for anything you might need. Our home equity lines of credit have no fees and have a 1.99% Fixed APR for nine months, and then 3.74% Variable APR thereafter.
You can have a monthly payment as low as $72 per month. Make your equity work for you and call us at 801-223-7650 and one of our home equity professionals will be available to answer any of your questions.