AutoSmart: Ready For A New Ride This Summer?

Auto Smart blog photo

It is a beautiful time of the year.  The sun is finally warming things up, which means outdoor activities may take up a lot of your time!  Looking for a new car to enjoy this warm weather or a new truck to pull that nice boat?

But how stressful is buying a new car?  Researching, paperwork, test driving, comparing, etc.  The list goes on and on!  We want to eliminate that stress with our UCCU Auto Smart program.  We have professionals that help you every step of the way in your car buying experience.  We offer a concierge-like service that lets you choose exactly what you want, and then lets you sit back while our experts take care of the rest. Choose your model, set your budget, and avoid haggling with sales people as UCCU takes care of your automobile needs; all this can be done while sitting behind a computer in the comfort of your home!

Here are some benefits of the AutoSmart program:

  1. Low, member-only prices and special purchase incentive
  2. New vehicle no-haggle, no-hassle buying experience
  3. Instant online research and auto buying resources
  4. Pre-Owned vehicle search and incentives
  5. Fast, friendly UCCU member service
  6. Auto Spec and Price Comparison
  7. A new vehicle to cruise around in warm SUMMER WEATHER!

So relax this summer and let our AutoSmart program help you be stress free.  If you have any questions, or want to learn more, visit our AutoSmart Webpage.

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March Loan Sale Tournament Challenge

 

MM tournament

Who is ready for the MADNESS!  Yes, it is that beautiful time of year where college basketball seems to be on everyone’s mind.  Here’s how it works:

Bracket Tournament Challenge

Selection Sunday has past, and now it’s time for you to fill out your bracket!  Click on the link below to fill out your bracket.

  1. Go to our March Loan Sale Page and click “Fill Out Your NCAA Bracket”
  2. Click on “Create Bracket Now”
  3. Sign Up with your name and email
  4. Then begin filling out your bracket

Brackets will lock as soon as games begin (Wednesday Night March 16th).  For every game guessed correctly, points will be rewarded.  Whoever has the most amount of points will have a chance to win these prizes!

  • 1st Place: Apple Watch
  • 2nd Place: FitBit Charge
  • 3rd Place: Amazon Fire TV Stick

So just visit our March Loan Sale Page and sign up for our Bracket Tournament Challenge! So good luck with your brackets!

Click here to sign up:

Bracket Tournament Challenge

 

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Helpful Tax Withholding Tips

Tax Witholding blog post

Tax Season: a phrase that usually comes with an instant headache and quick anxiety.  Even though taxes can be a complicated and often scary process, you can do more with your taxes than you think.

Benefits with collecting your tax refund on a monthly basis, rather than a yearly basis

So, are you employed?  If so, you probably filled out a W-4 form, which you fill out to show your employer how much to take out from your paycheck for federal taxes.  You may be withholding additional funds from your pay check, making April 15 an exciting time with a large tax return.  But every month, you are swamped with bills that have high interest rates, and that interest keeps building as time goes on.  If you could receive more money back on each paycheck, you could pay off those bills faster, you could cut your interest pay and save hundreds even thousands of dollars.  So instead of receiving a large sum once a year, adjust it so you receive it back on each pay check.

Fill out your W-4 form so your withholding corresponds to your tax liability, so you can take that money and invest it to something better.  Instead of “lending” the Government money, keep the extra cash and use it to pay off credit card debt, invest, or simply put it in a savings account.  Adjusting your withholding results in higher monthly income and allows you the flexibility you need on your finances.

Ways to spend your income tax refund

So, if you prefer your tax return once a year, how should you spend that extra cash?  Over 70 percent of Americans will get money back at the end of the tax year, with an average of $2,000*. Instead of trying your luck in Vegas, or buying a nonessential toy to put in your garage, consider these:

  • Invest!  Let your money do some work for you, and invest in something.  The stock market, for example, has a 12 percent interest rate, which can add up over time.
  • Pay for repairs on your home or car.
  • Make an extra home mortgage payment, which could save you money in interest down the road.
  • Place more into your retirement account.
  • Open a savings plan for a college education.

There are many beneficial ways to spend that extra cash.  Just remember, a tax refund is an interest-free loan to the government, and its simply money you’re missing out on every month.  Again, if you are receiving a large tax return each year, consider making some adjustments.  You may feel your tax return is a gift, but remember, each month your interest is building, and your losing a chance to pay that off every month.

For more help with your taxes, please click here for more information and guidance.  We have teamed up with TurboTax to make your life a little easier!

Sources
*http://balancepro.net/education/publications_taxes.html

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Home Maintenance Tips

Home Maintenance blog post2

Spring is the time for home improvements and repairs. According to some experts, home repairs usually cost approximately $1,700 each year*.  That is a large amount of money, and without a plan, that amount could be devastating in the future.  Here are some reasons why you should make home improvements.

Home Maintenance = Home Equity

Buying a home is a great investment.  You buy a home, and most likely you eventually sell that home.  Putting a certain sum of money into your home each year improves the value, but also makes it more livable as time goes on.

“Be Prepared”

Disasters will happen whether it’s a leaking roof, water drainage, plumbing problems or termite damage etc.  How can you be prepared?  The rule of thumb for home improvement is putting away 1% of your home’s value each year.  For example, if your home is worth $175,000, you would put away $1,750 each year or $145 a month for home maintenance**. By doing so, you can plan accordingly for those incidentals that so often come with owning a home.

Home Upgrades

There are many ways you can improve and increase the value of your home. Home additions can make a space more functional while adding value. Another great spot in the house that offers the best return on investment is the Kitchen. Upgrading appliances, installing fresh tile, and upgrading your counter tops are some great ways to improve the value.

Funding Home Maintenance

Obviously home improvements are essential and cost money.  Planning a budget for home maintenance is not as difficult as it sounds.  In fact, there are many ways to create a budget like obtaining a home equity loan, taking out from a personal budget, or making a home maintenance savings plan every month.  Your home is a great investment, so take care of that investment, and make financial plans to make it better!

If you have any questions, or want to look into a Home Equity Loan, click HERE to visit our website for details.

Sources
*http://balancepro.net/education/publications/fixhomerepairmaintenanceplan.html
**http://go.hfcu.org/blog/bid/138553/Should-I-use-home-equity-for-maintenance-and-upkeep-of-my-house

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President's Message March 2016

JeffSermon_2015

The credit union continues to celebrate 60 years of serving this great community! This year-long celebration will give members and the credit union many opportunities to strengthen the community and take advantage of special offers and services provided by the credit union. We welcome your participation and urge you to take advantage of the special offers, rates, and service opportunities that are part of our celebration.

  • Support the School of your Choice

Throughout the year, you can earn money and also support a local school of your choice – just by transferring an existing loan to UCCU!

When you transfer a loan from somewhere else to the credit union, you will not only benefit from lower loan rates and lower monthly payments – but UCCU will pay you ½% of the loan balance in cash up to $125. But that’s not all. The credit union will also send the school of your choice the same amount (1/2/% of the loan balance up to $125) in your name!  So, by moving a loan to UCCU, you’ll most likely end up with better loan rates and terms, some cash in your pocket, and the credit union will donate the same amount to a school of your choice in your name!

  • March Loan Sale Going on Now

You’ll find low special rates on auto loans and on home equity loans as part of our 60th Anniversary celebration. Whether its time to replace your car or whether you’re planning some needed home improvements or other summer projects, UCCU’s low loan rates will help you succeed.  There will be additional special offers throughout the year.

  • Your “First Choice” Financial Partner

As always, we thank you for your trust and your membership. Our sole focus, as a not-for-profit financial institution, is to provide you and your family with the services and information that will help you set- and reach- your financial goals. One valuable resource to help you make smart financial decisions is UCCURelax.com. This educational site is a great guide to help save you money and frustration in purchasing a home or car. Check it out and see how it can give you confidence in making some of life’s biggest purchases.

We love serving you and look forward to another 60 years of serving this community!

Jeff's signature

Jeff Sermon
President/CEO
Utah Community Credit Union

 

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Last Chance to win a New Honda Ruckus!

Ruckus3

Use Your UCCU Debit or Credit Card!

Need a new ride?  We are giving away a Honda Ruckus’ model NPS50, the greatest summer vehicle!

How do you win?

Every time you use your UCCU debit, credit card or PlusCard, you get 1 entry into the drawing!  Use your UCCU card everywhere to get as many entries as you can.

When are we giving the Ruckus away?

We will be drawing the winners name on March 21, 2016 and giving the actual scooter away March 22, 2016.

How are we picking the winner?

The potential winner will be selected in a random drawing.  The drawing will consist of all eligible entries received during the entire promotional period.

So don’t miss out on this amazing opportunity!  Use your UCCU debit, credit, or PlusCard as much as possible to win!  This summer, you could be cruising on your new Honda Ruckus!

If you have any questions, please call us at 801.223.8188 or email us at questions@uccu.com

Click here for more information if you are a member

Click here for more information if you are a UVU PlusCard holder

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