The Buzz about UtahHomeBuzz.com

What'sTheBuzzAbout_2Everything we do at Utah Community Credit Union is to help make seemingly daunting tasks easier for you, our members. So when the opportunity came to make improvements to the home-buying process, we jumped on board!

UtahHomeBuzz.com has been created to add convenience to the home-buying process. It gives you the ability to shop every house in the state of Utah without having to leave the comfort of your home. Whether it’s the home of your dreams and you want to know when it hits the market, or a hot new foreclosure you want to take advantage of, UtahHomeBuzz.com is ready to work for you!

Other great features available through UtahHomeBuzz.com include:

  • Complete home listings (including pictures and price history)
  • The ability to search by city or on Google Maps
  • Save your favorite homes to view later
  • Support for selling your home
  • Up-to-date mortgage interest rates
  • Getting loan pre-approval right on our site

Visit UtahHomeBuzz.com today and see what the buzz is all about!

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Your Votes Will Help us Decide!

WhichCharityHasYourVote?_3Working together to support important causes in our community has always been a top priority for UCCU. As part of our 60th Anniversary Celebration, we’re donating $25,000 to local charities and we want you – the members of this great community – to help us decide how.

We’ve chosen 10 local charities – each of them wonderful and worthy of every donation, both large and small. We invite you to learn more about each one and then to vote for your favorite at uccu.com/vote. You can vote for your favorite charity once a day, every single day, from now until July 31, 2016.

So spread the word, cast your votes…and then cast them again! And again and again and again! In October, UCCU will announce the donation winners.

The charity with the largest number of votes will receive $10,000. The charity with the second largest number of votes will receive $5,000. The charity with the third largest number of votes will receive $3,000.

The remaining charities will receive $1,000 each.

And if you’d like to donate to any of these charities, UCCU will accept personal donations from the public at every one of our branches during the voting period.

Thank you, in advance, for your votes and for helping support these wonderful charities in our community!

>uccu.com/vote

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President's Message May 2016

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60 years ago, seven BYU employees shared a vision of a not-for-profit financial institution that would be owned by the very people it served – individuals and families living in this community. In 1956, each of them contributed $5 of their own money and founded the BYU Employees’ Federal Credit Union on one simple industry
principle: “people helping people.”

Today, the name of that financial institution is Utah Community Credit Union. It’s over $1 billion dollars in assets strong and serves over 125,000 members with 18 locations
across Utah Valley… and counting.

And as we celebrate our 60th Anniversary, we do so with the knowledge that the
strength, success, and longevity of this credit union is founded on our unwavering
commitment to that same ideal of people helping people.

And that will never change.

We will always be not-for-profit. We will always be owned by our members. And
we will always be here to help inspire our members to make smart decisions that
will improve their financial lives.

We have some very special opportunities in store for our members and our
community during our 60th anniversary year. Right now, you can enter to win
a Smart Car or one of 60 other great prizes (like a trip to Disneyland, an Apple
watch, or a 60” Smart TV), when you submit a video or written narrative that shares
your UCCU story.

We’re also giving cash donations to local schools of your choice. Simply transfer
your existing loan(s) to UCCU. We’ll pay you a .5% balance transfer cash rebate,
up to $125, for every loan you transfer and we’ll donate that same cash rebate
amount to the school of your choice, in your name.

For all the details about these opportunities visit uccu.com/60years.

We wouldn’t be here without our members. This credit union started with only
seven people and today, it belongs to each and every one of us.

So from all of us here at Utah Community Credit Union… thank you! We are grateful
to be a part of this wonderful community.

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Meet the Smart Family

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Follow one family’s hilarious journey to becoming MoneySmart

Whether you’re a parent, a baby, a teen or anywhere in-between, BeMoneySmart is the perfect way to learn together, as a family, how to save and spend money wisely. Simply visit BeMoneySmart.org, where you can watch the adventures of the Smart family, a series of short, hilarious videos that your whole family will enjoy.

They’re also educational, but don’t worry… we won’t tell your kids if you don’t. It’s all at BeMoneySmart.org right now!

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Now is the Time to Refinance

HomeLoanRates@HistoricLows_1If you’ve been thinking about refinancing or buying a home, now may be the time to move on it. Rising home prices are being offset by home loan rates that remain near historic lows.

Home Prices on the Up and Up
Home prices, including distressed sales, rose by 6.8 percent from February 2015 to February 2016, according to housing data analytics firm CoreLogic. Month-over-month prices also were up 1.1 percent from January to February. Frank Nothaft, chief economist for CoreLogic, said this trend will continue, noting the “economic forces” of lower home loan rates and strong job creation will support the 5.2 percent home price increase CoreLogic projected for 2016.

Loan Rates Hovered Near Historic Lows in April
While home prices continue to rise throughout much of the country, homebuyers are benefitting from attractive home loan rates. In fact, monthly payments have been tempered by home loan rates hovering near historic lows.

Home loan rates can improve when there is mixed or weak economic data, as well as uncertainty overseas like the recent global economic slowdown. That’s because these factors typically cause investors to move their money into “safer” investments like Bonds, and home loan rates are tied to Mortgage Bonds. When Mortgage Bonds improve, so do home loan rates.

However, strong job growth in the first part of this year signals continued improvement in our economy. If other economic indicators gain traction and also show improvement, investors could move their money from Bonds and into Stocks, to take advantage of gains. Though many factors impact the markets, strong economic news could cause home loan rates to increase.

Finding the Home of Your Dreams
As the spring buying season continues to heat up, more families may be rushing to cash in on historically low home loan rates. That means finding the right property—and landing it—may be a mad dash for limited inventory. March Existing Home Sales were up 1.5 percent from a year ago, and March Existing Home Sales jumped 5.1 percent from February’s sharp decline to an annual rate of 5.33 million units. While sales are good, the National Association of REALTORS® reported that March’s existing housing inventory showed 4.5 months’ worth of supply; a six-month supply is viewed as normal.

Housing Starts, which measures the number of residential units on which construction has begun, also were up in March over a year ago by 14.2 percent. Building Permits, which are a sign of future construction, declined 7.7 percent from February to March 2016, hitting a 12-month low of 1.09 million units.

If you are in the market for a home, or if you’re considering a refinance, home loan rates remain in historically low territory. Please don’t hesitate to contact UCCU if you have any questions about rates, home loan products or refinancing.

 

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We're Open Saturdays!

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In an effort to  better serve our members, UCCU has decided to open its doors on Saturdays! All branches* are open Saturdays from 9 AM to 2 PM. If it’s difficult to stop by during the week, visit us on Saturday for all your banking needs.

*Excludes the UVU Branch

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