Get Ready for Spring With a Home Equity Loan

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Spring is just around the corner, which means warmer weather, a different wardrobe, and home improvement.  Are you planning on a spring filled with a list of projects for your home?  A home equity loan is a perfect place to start! UCCU’s home equity loan experts are here to assist you with all of your needs.  There are no fees to worry about, and home equity lines of credit always have fixed-rates.  UCCU’s home equity professionals are trained and ready to assist and answer any questions you have about your home equity loans.

Home Equity Line of Credit

A line of credit is often used to cover expenses that you may incur over a period of time; used similar to a credit card. UCCU has fixed rate home equity lines of credit for 5, 7, & 10 year terms and even a Flex Pay option where you can pay the interest only for 7 years.  Variable APR can be as low as 3.74%-4.24%.

Home Equity Loans and Mini Mortgages 

Home Equity Loans and our Mini Mortgages are often used for one-time expenses. You receive the funds in a lump sum (as opposed to a line of credit that is revolving). Also a great solution if you’re looking to pay off your home in the near future. UCCU has low fixed rates and excellent terms.  Mini Mortgages can range between 5-10 years for the 1st mortgage.  Home Equity Loan or a 2nd mortgage will be up to 10 years.  These fixed APR options are also as low as 3.24%-4.25%.

So even if you are you looking to repair or remodel your home, to pay for your child’s education, or need assistance to pay off high interest credit card debit, our home equity loans are a perfect way to help your upcoming financial projects.

So put your home to work and receive financial assistance from a home equity loan.  Applying for your home equity is simple and can be done in as little as 20 minutes. Complete the form online and we will create customized quotes based on your loan details.

For any questions or if you are ready to apply please call one of our home equity professionals today at 801-223-7650 or email us at homeequity@uccu.com.  You can also visit one of our local branches and speak to a professional in person!

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UVU's 75th Anniversary

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January 1st 2016 marks Utah Valley University’s 75th anniversary.  UVU was founded in 1941 as a fledgling vocational trade school, but now is a thriving regional institution of higher learning.  UVU is one of the largest institutions of higher education in the state of Utah.  To celebrate, UVU has a list of fun and exciting events for 75 strong years.

This is an opportunity for UVU to reflect upon the origins of the University, and also looking forward to a bright and optimistic future.  To reflect upon UVU’s rich history, Dr. Sondra Jones, UVU’s own history professor, is producing and writing a book featuring the intriguing history of the University.  This book will be available online and at the UVU bookstore for $19.41 this upcoming spring.

UVU is also excited to receive a 2000 square foot glass mural in the University’s library. This project is privately funded by donors  wanting to add beauty and culture to the University.  This mural has been worked on for nearly six years, and has the title of “The Roots of Knowledge”.  Holden Studios is the creator of this masterpiece.

UVU has also filled its schedule with events to celebrate:

  • January 26…………..State of the University
  • March…………………History Book Release
  • April……………………UVU Magazine Special Edition
  • May…………………….75th Commencement
  • September…………..Homecoming
  • September…………..UVUphoria
  • October……………….President’s Scholarship Ball

Also, do not forget to share a UVU memory on the UVU website.  If you are a student, community member, faculty/staff or alumni, share your UVU story to help celebrate 75 strong years. Click here for more information of UVU’s 75th anniversary.

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Share your UCCU Story, Win a Smart Car!

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To celebrate our 60th anniversary, UCCU wants to give back to the community where we started!  That’s why we are giving away a Smart Car and 60 other prizes.  We love our members, so that’s why we want to hear from you!  To enter to win, all you have to do us share your UCCU story.  Your story can be an experience, buying a car, or making a mobile deposit.  Or maybe you could simply share why you love UCCU!  It’s your story!

Here’s how it works, create a video or a written story and upload it on our 60/years webpage.  Then the story you submit will be judged.  All entries must be received by July 31, 2016 at 11:59 MDT.  If you are submitting a video, use the hashtag #UCCU when uploading your video to YouTube or Vimeo.  Video entries must not contain any copywritted material (including music).

So submit your UCCU story and have a chance to win one of these great prizes!

1st place: Smart Car
2nd place: Disneyland Vacation
3rd place: iPad Pro
4th place: 60″ Smart TV
5th place: Digital SLR Camera 
6th place: $600 Cash
7th place: GoPro
8th place: Apple Watch
9th place: $200 Cash
10th place: Amazon Fire TV
11th-30th places: $60 Visa Gift Card
31st-61st places: $25 Visa Gift Card 
 

So submit your UCCU story and have a chance to win one of these great prizes!  Thank you for 60 great years!

For more information, click here to visit our 60 year page.

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Turbo Tax Discount

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Feeling stressed about your taxes this year?  Don’t worry, Utah Community Credit Union has partnered with TurboTax to give members a discount on their tax return.  TurboTax is leading the nation in tax-preparation software.  This software makes it easy and inexpensive to assist you in your taxes.  Are you scared of math like most people?  Not to worry, TurboTax does all your math and calculations for you.  Give TurboTax your correct information, and they will give you a 100 percent accurate return on your taxes.  TurboTax guarantees all math calculations will be correct.

This year, TurboTax introduced mobile apps for iOS and Android platforms.  These apps enable members to work on their return from any device, tablet or computer.  TurboTax has introduced four apps that can be downloaded for free.  The Intuit app only costs to file your taxes.  The TaxCaster app can quickly estimate your tax refund.  The MyTaxRefund app tracts your efile status and knows when exactly when to expect your tax refund.  The final app ItsDeductible, can easily track your charitable donations all year.   So if you’re constantly on the go, the TurboTax apps are perfect for you!

If you are looking for the best deal, TurboTax has different packages to choose from:

AbsoluteZero: Are you a student, or a first time filer? This is the package for you.  It is free and easy to use.

Premier: Landlords, investors, and those who sold stocks, bonds, and ESPPs will be interested in the Premier package.  This package imports investment income, and costs $44.99 with UCCU.

Home & Business: This package is for self employed or small business owners.  If you are a freelancer, independent contractor, or have a home office tax deduction, the Home & Business package is perfect, and only costs $64.99 with UCCU.

So save up to $15 with your TurboTax federal products.  Utah Community Credit Union is here to help you save and assist in your tax return.  To learn how to save more, and make this hectic task a little easier, Click Here to start on your tax return today.

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President's Message January 2016

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A Good Year

Overall, 2015 is being recognized by economists as a year of strengthening economic trends, solid job growth, and growing consumer confidence and spending. Against a backdrop of some fragility in markets, the continued low lending rates fueled consumer borrowing and as a result, UCCU saw strong growth in member auto loans, mortgages, home equity lines of credit, and member business lending.  UCCU’s loan portfolio grew over 20% in 2015 as members took advantage of low rates and purchase opportunities and UCCU is the number 1 mortgage lender in both Utah and Heber valley.

In addition to loan growth, uncertainty in the investment markets fueled strong member deposit growth resulting in an increase of $95 Million in deposits (11%) and $113 Million in assets. (12%). Members know that despite historically low savings rates, their hard-earned money is safe and secure at UCCU.

With capital well over 10%, UCCU is financially strong and stable and finished the year with strong membership, loan, deposit, and capital growth as members took full advantage of credit union services and products.

2016 An Interesting Beginning

Our stock market has struggled the beginning of this year as a result of uncertainties and challenges in certain global economies. A struggling China market has been largely responsible for the worst January stock market in several years. Some economists are even re-evaluating their forecasts downward for the nation’s 2016 GDP. Still others are predicting that savings rates will stay low until the national economy and local markets have stabilized. Trends in the local economy remain positive with solid job growth, strong real estate activity, and rising home prices.

We are optimistic about the future. Whatever your plans for 2016, UCCU is glad to be your financial partner, offering you and your family access to valuable information, stellar products and services, and everything else you need to help you achieve your financial goals.

We look forward to serving you and your family in 2016 and beyond. We are grateful for your trust and are committed to being your First Choice financial partner.

 

Jeff Sermon

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