President’s Message December 2011

2011 Nears an End

As 2011 comes to an end, it offers us an opportunity to reflect on the past year. While the local, national, and global economies continue to struggle with uncertainty and troubling trends, we are reminded of some positives and reasons to expect better days ahead. Locally, economists note a slight decline in unemployment. Some sectors of the housing market in Utah appear to have “bottomed-out” and new home construction has actually picked up in some areas – despite a record number of homes available for sale. Lower prices and record low rates have made home purchases a good possibility for many.

Members Save on Mortgage Refinances

The credit union’s mortgage department has been very busy the last several months helping members refinance existing mortgages in order to take advantage of record low mortgage rates and the associated savings in interest costs.

UCCU Remains Healthy and Growing

UCCU membership continues to grow at a rate faster than our local population is growing. Unrest in the financial world, and well publicized concerns about big banks and big fees, have encouraged many members of our community to join our not-for-profit credit union. Growing numbers of members are moving their checking accounts to UCCU where checking truly is “free”.  There are no hidden fees, no required balances, no tricky account requirements, and no gimmicks.  At UCCU, checking really is free – still.

Services to Help You Succeed

Credit union membership provides you and your family with access to all the services and tools you will need to reach your financial goals. In addition to free checking, free Personal Branch online account access, and free 24/7 Bill Payer services, the credit union also offers several VISA card products – including our Cash Rewards Visa that not only features a low 8.25% APR rate but earns you up to 1% cash back on all your purchases! UCCU offers a full range of popular mortgage and home equity products – and you can even apply online -simply and quickly- at  Rates have never been lower for autos, RV’s and personal loans of all kinds.

New, Innovative Mobile Services!

We are pleased to report the popularity of our new mobile banking and text banking services. Members love the convenience and safety of staying in touch with their finances via mobile devices. Check out the many features at our website,, and sign up for these time-saving, convenient services.

2012 Looks to be Better

Most economists expect continued improvement in the economy and the job market. We want to assure you that come what may, we will be here, beside you, doing all we can to assist you in your financial planning and in managing your finances. We appreciate the opportunity we have to serve you and are grateful for your trust and your business.  We pledge to you our best efforts in providing you and your family with valuable services and professional, friendly service. We look forward to serving you in 2012 – and beyond and hope to continue providing you with relevant services and helping to inspire smart financial decisions for years and years to come!

Happy Holidays and Merry Christmas!

Jeff Sermon
Utah Community Credit Union

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