President's Message January 2013

New Years’ Resolutions

As we begin a new year as your financial partner, we look forward to serving you and your family and helping you reach your financial goals. We expect to see continued improvement in the economy and the job market locally as well as across the nation. As we contemplate the new year and our role as a trusted financial resource, may we suggest five financial new years’ resolutions.
1. Create a Financial Plan
Some of you are already excellent at budgeting and you wouldn’t dream of going without one. Others would like to develop budgeting skills and receive the benefits of being in control of household finances. We suggest outlining personal and family goals you would like to accomplish. Having a clear picture of where you want to be helps you set up the right steps and provide the added motivation to stick to your plans.
Another helpful step is to understand how you are using your money each month. UCCU’s new, free Personal Money Manager tool located inside Personal Branch online banking gives you the resources to track, categorize, and monitor your spending throughout the month. Once set up, it will automatically track your spending and then reflect the trends in graphs and charts – even giving you warnings when you approach your budget limits.  This handy feature can help you change some habits, save money, and help you spend more wisely.
2. Mobile Banking Options
Enjoy safe and convenient 24/7 access to your account information and to financial transactions through your smartphone. Find out how easy it is to use your smartphone to deposit checks directly into your account. Discover the added value of receiving customized account alerts or texts notifying you of account activity, changing balances, or account status.
3. Personal Branch/ Bill Payer
If you haven’t set up your Personal Branch/Bill Payer account, do it this year. Personal Branch is like having your own branch office with you – whether at home, work, or on the go. More and more members are also taking advantage of the convenience and cost savings of Bill Payer – allowing them to pay recurring bills automatically and to set up and pay other bills whenever they choose. And remember, Personal Branch and Bill Payer are free and easy to set up.
4. Take Advantage of Low Loan Rates
While we do not encourage unnecessary or unwise borrowing, when it comes to things like automobiles, homes, education, and emergencies, having access to historically low interest rates can be very helpful. Thousands of members have taken advantage of low interest rates by refinancing their mortgage or other loans through the credit union, saving millions of dollars in interest and often reducing monthly payments in the process. You can apply online, on the phone, or in person at any of our branches. Let UCCU facilitate wise borrowing at these low rates to help you and your family in 2013.
5. No-cost Financial Planning
Because of what economists call “the worst recession of our lifetime,” many people have experienced an upheaval in their retirement plans and funds. Planning financial security is a complex and daunting task, but it can be made much easier with the help of a licensed, trained, financial planner who can help set new goals and employ solid financial tools. Our partners, Utah Community Investment Services and their team of seasoned financial experts can meet with you on a no-obligation basis to review your plans and help you find the services, products, and financial plans to help you reach your goals. You can set up an appointment for a no-pressure review by
calling 801.223.7502.
As always, we appreciate your trust and business. We value the opportunity we have to be your trusted financial partner. We know we need to earn that right by providing you and your family with the services and information that you need to succeed in your finances. As we work through what we all hope to be the end of this recession, we wish you all a Happy and Successful New Year!

 

 

Jeff Sermon

President/CEO

Utah Community Credit Union

 

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