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President’s Message

President's Message July 2016

JeffSermon_2015
The credit union began in 1956 as BYU Employee’s Federal Credit Union. We’ve come along way since our operations on the stair landing in the Clark building. And as the credit union looks back on 60 years of inspiring smart financial decisions, what better way to celebrate than with free ice cream from the BYU Creamery. Stop by any UCCU branch location for your free ice cream voucher.*

Here are four anniversary celebrations that you should know about before they expire on July 31st:

  1. Summer Loan Sale:

Whether you need an auto, home equity, or personal loan or would like to refinance one, lock-in UCCU’s summer loan sale rates.  There is no obligation and you can use them anytime before the end of October.

Click here to learn more and lock-in these rates!

  1. Share your Story:

We are inviting you to share your UCCU story as we celebrate 60 years of stories. These stories will be judged and winners will be selected to win a Smart Car plus 60 other prizes including a trip to Disneyland, 60” smart TV, iPad Pro, $600 cash and much more!

Submit your story at uccu.com/sharestory

  1. Charity:

UCCU is donating $25K to local charities and your votes will help us decide! Working together to support important causes in our community has always been a top priority for the credit union. As part of our 60th anniversary celebration we’re donating $25,000 to local charities and we want you to help us decide how.

Vote now!

  1. Photo Contest:

Be apart of UCCU’s 2017 calendar as we showcase the great state in which we live. Creating an annual calendar has become a fun tradition at UCCU. So share your favorite photos of our beautiful state for a chance to be featured in the upcoming calendar.

Photos can be submitted at uccu.com/photocontest.

The credit union began with only seven members back in 1956, but now 60 years later we are over 130,000 members strong. We still work together as a community on the principle of people helping people. Thank you for choosing UCCU. Thank you for being a valued member.

Sincerely,

Jeff Sermon

 

*While supplies last. Limit one per household.
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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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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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President's Message February 2016

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JeffSermon_2015

President’s Message February 2016

2016 marks the 60th anniversary of UCCU! In 1956 we began as BYU Credit Union on a stair landing in the Harold R. Clark building on Brigham Young University campus. Seven members compiled $35 in assets to invest in an innovative concept- a credit union. Built on the principles of a not-for-profit organization, credit unions focus on the concept of people helping people. Now, 60 years later we continue to focus on the same principles of helping people by inspiring smart decisions. As a member, you are the credit union. Below are some of the ways we will be celebrating with you this year.

Supporting Local Schools

Being a community credit union, we strongly believe in helping the members of our community and to celebrate we want to give back. We invite everyone in the community to transfer your existing loans to UCCU and in return we will give you a ½% cash back of the loan balance and we will donate the same amount to the Utah school of your choice! Our experienced loan officers can help you transfer your loan over quickly and easily. Visit uccu.com/60years for details.

Share Your Story

With 60 years of history, our members have some great stories about this cooperative organization working together to inspire smart decisions. The credit union is accepting written or video submissions about your experiences with UCCU and we’ll be giving away some amazing prizes: a Smart Car plus 60 the prizes including a trip to Disneyland, $600 in cash, iPad Pro, 60” TV, and much more. Visit uccu.com/60years for details.

Charity Donation with Your Help

We will be donating money to local charities that help support and improve our community. We will need your help in deciding who gets the money. More information will be coming soon at uccu.com/60Years.

Member Appreciation & Special 60th Year Celebration Loan Offers

There will be other giveaways and special loan offers throughout the year, more details to come!

Thank you for your membership and for allowing us to serve in the community for 60 years. We hope this year will be a wonderful one!

Sincerely,
Jeff's signature
Jeff Sermon
President/CEO

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President's Message October 2015

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Many people need breathing room when it comes to keeping monthly loan payments low – especially during the holiday season. If you need to consolidate high interest loan payments, give us a call. We have a number of solutions that can be tailored to your needs so that you monthly expenses can go down during what are typically the tightest months of the year.

If you use a credit card, UCCU has the best low rate option. Other institutions may offer you a flashy introductory rate credit card that will shortly thereafter skyrocket up leaving you weighted down with a high interest rate and high monthly payments. But at UCCU it’s different. We even allow free balance transfers so that you can enjoy a lower rate and lower payments.

You can expect to earn more and pay less at the credit union by taking full advantage of our services and benefits. Our qualified and experienced staff works diligently to provide the best experience possible. Thanks for making UCCU your trusted financial partner!

As always, we are working hard to provide you with “First Choice” services and financial products and doing everything we can to help our members make smart financial decisions. We are your credit union – use us for all we’re worth!

Sincerely,

Jeff's signature

Jeff Sermon
President/CEO

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President's Message July 2015

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During 2014 and into 2015, the trends of economic recovery continued in the general and local economy.  Utah continues to see good job growth and boast one of the nation’s lowest unemployment rates. Home prices have stabilized and are beginning to rise. Mortgage rates remain low.  While there are still some lingering issues associated with the last recession, the credit union and its members are doing very well. We expect continuing strong member growth as Utah County is listed as one of the fastest growing counties in the nation. UCCU members are continuing strong savings trends and are borrowing carefully – although loan demand is growing for auto loans, home equity loans, and home construction loans – all signs of the improving economy and increased consumer confidence.

The credit union remains healthy and financially strong. Our current Net Worth ratio has increased to 10.52%, indicating a strong capital position and places the credit union among the “well-capitalized” category of credit unions in the nation.  UCCU recently received a “Superior” Five-Star Rating from Bauer Financial Group ranking us “one of the strongest credit unions in the country”. In addition, local citizens voted UCCU the “Best Credit Union” in the valley in the Daily Herald poll and Utah Valley Magazine.

Bauer5starjan15        DailyHerald_1stPlace              UV Mag_Best Credit Union

Utah Community Credit Union continues its efforts to participate in the Community and to forge lasting and meaningful relationships with area businesses and institutions. We continue our strong ties with the school districts in offering financial literacy resources to area schools as well as scholarships to deserving high school graduates. We continue our internship program with Utah Valley University and enjoy a great relationship with them.

One of the main strengths of the Credit Union is the professional and wise leadership provided by a very competent and thoughtful Board of Directors. They are all community and business leaders from the community who volunteer their time and expertise to provide direction and support to the credit union.

I am grateful for a professional and dedicated management group whose expertise helps keep the credit union operating efficiently. Their support, vision, and hard work make a great contribution to the continued success of UCCU.

Another powerful positive force behind the credit union’s success is an amazing, well-trained, and friendly staff. They are the face, the hands, and the voice of the credit union. Their patient, helpful, and friendly service help members take full advantage of credit union membership. They really do have the best interest of the members at heart.

As we begin this season, I express my gratitude to the Board, Supervisory Committee, management team, and all employees for their important efforts and for their contribution to the credit union. I especially express my gratitude to the members of UCCU, who trust us and give us the opportunity to serve them and to be their financial partner. Our goal is to help them and their families reach their financial goals, to make informed and smart financial decisions, and to manage their finances in an efficient and convenient manner. Our vision as a not-for-profit financial institution is to “Be the best credit union in our market by becoming our members’ first choice for financial services and information.”  We remain committed to that vision.

jeff's signature

Jeff Sermon
President/CEO

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President's Message May 2015

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JeffSermon_2015

UCCU’s “Buyer Relax” program was designed to put the consumer in control when purchasing the two largest items that most people will ever purchase – a home and a vehicle. We say buyer relax, because most of you know the phrase “buyer beware”, but with UCCU’s tips and information we want you to take back control and have a relaxing experience. If you or anyone you know is looking to make one of these major life purchases, tell them about UCCU’s Buyer Relax program– more information can be found by visiting UCCURelax.com.

Summer time is fast approaching – and with it comes decisions on how to optimize your time and vacations. The credit union’s Smart Decisions Magazine is set to arrive in your mailbox next month. It features an article with insightful tips from experts on how to make summer memories with friends and family – because we all know how fast summer can fly by. Some of the tips include – planning, taking play dates to the next level, how to mini-vacation, and much more.

Thank you for your membership. If you have any financial questions – large or small, please give us a call or stop in, we are here to serve your financial needs.

Sincerely,

jeff's signature

Jeff Sermon
President/CEO

 

FYI, some of the features in the May eNEWS:
Commercial lending
Mortgage
eServices
Apple Pay
Construction
LifeLock
UCCU Financial Group
Mobile Deposit

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President's Message January 2015

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As 2015 gets underway we note the relatively strong local economy. Unemployment is low, job creation is positive, population growth is strong, and consumer confidence continues to rise.

Of course, our local economy is still impacted by the national and global economic trends. Monetary policies in the country and in Europe continue to rely on government intervention to keep rates low, and spur on a continuing but stubborn recovery. Recent developments in the energy industry bring us sharply lower oil and gas prices. While we enjoy filling up our cars for a lot less money, the low prices are creating havoc in many countries around the world.

The European Union is bracing against economic declines with several countries already in recession. Japan, the third largest world economy, continues to struggle under the weight of massive debt. We watch with great interest as our own national monetary and fiscal policies evolve with the new congress. 2014 was the best year for US job creation since 1999 with a reported drop in unemployment to 5.6%.

National and global uncertainties notwithstanding, we feel fortunate to be enjoying a very robust local economy and the opportunity we have to serve you, your family, and this community. Most economists agree that, overall, economic trends are positive and the recovery is continuing. We remain optimistic about the future!

Six things to keep in mind as you plan for 2015: 

  1. With rates expected to rise in the near future, the credit union created a home equity line of credit that stays fixed to help hedge against a payment going up. Home equity lines of credit typically have a variable rate – which can be the best option at times, but this new home equity has a fixed rate for 10-years! Your payment can remain low for the next decade – no matter what happens in the economy. Call a home equity loan expert today at 801.223.7750 or click here to visit us online.
  1. As your not-for-profit financial partner, UCCU works hard to provide you and your family with valuable services, products, and information to help you set and achieve your financial goals. In additional to low-cost loans, free checking, convenient online and mobile account access, the credit union offers valuable services that fit every stage of life. From youth banking services with our award winning BeMoneySmart program, to any investment, insurance, or Medicare need with the UCCU Financial Group, the credit union has you covered. We want to be your “first choice” financial partner.
  1. For a fun and engaging way to teach your family, church, school, civic, or scout group about money, attend a free class from Money Made Easy – sponsored by UCCU. Money Made Easy classes make it easy to learn important financial principles through a series of interactive lessons and hands-on activities. Schedule your FREE class by calling Tom Painter at 801-235-9100 or click here for more information.
  1. The credit union is here to serve your needs. This is the best institution for low rate loans without the worry of changing rates or hidden fees. If you have a loan that is not currently with the UCCU, I personally invite you to call, go online, or visit with one of our loan officers to see about lowering your rate and saving you a lot of money. It’s time to make the move.
  1. Worried about all of the credit card fraud? EMV Chip card technology is your best defense against credit card fraud. When the EMV chip card came out, your credit union jumped on board – which is why we were able to be the first to offer EMV Chip cards to help protect your finances from criminals. Upgrade your card and bring your balances over and get a low 6.99% APR.
  1. If you have any commercial lending needs — either a new loan need or a refinance — our commercial loan professionals can help. Ask about our low rates, quick turn-around, and great terms with no pre-payment penalties.

We look forward to 2015 and appreciate the opportunity to be your trusted financial partner. Take advantage of your membership at Utah Community Credit Union this year.

Thank you for being a member!

Jeff Sermon
President/ CEO
Utah Community Credit Union

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President's Message December 2014

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The Christmas Season gives us all the opportunity to think of others and seems to bring out the giving nature in all of us. UCCU is proud to continue our sponsorship of The Giving Tree, as part of our ongoing partnership with United Way of Utah County. The Giving Tree program provides a way for credit union members to help selected, deserving families in need by providing Christmas presents for their children. To participate in The Giving Tree, stop by any UCCU branch during the month of December, select an anonymous child or children from the Giving Tree and check with staff for details on how you and your family can go shopping for needed items and help bring some holiday smiles to a deserving family. As we all know, giving is one of the greatest joys of the season!

While the holiday season is a fun time of year it can also put financial strain on families. Whether it is bringing over high interest balances to UCCU’s low rate products or merely figuring out a budget plan, UCCU can help – no question too big or too small. As a not-for-profit organization, we exist to help you and your family manage your finances, reach your financial goals, and help you make the best possible financial decisions. I am very confident in the credit union’s friendly, trained, and capable professionals.

Reviewing 2014

2014 was another great year. Membership continues to grow and members are saving more and more by using the credit union’s products and services. 2014 also had many scares with large retailers loosing client’s information to criminals. UCCU strives to help notify you and help you through any fraud issues, provide the latest fraud protection products like the EMV chip credit card, as well as partnering with LifeLock® to provide a membership discount to the best fraud protection service available.

Looking Forward to 2015

As we approach the end of this eventful year, we take a moment to thank you for your trust and your business. We are glad to have the opportunity to serve you. In 2015, technology is at the forefront of conversation. New and also improved payment service trends with Near Field Communication (NFC) Chip technology; i.e., Apple Pay, Google Wallet, and others will likely increase in demand. UCCU will always make every effort possible to be on the forefront of new technology so that you can make purchases as easy as possible – keeping a close eye on security of course.

We look forward to many more years of partnership and commit ourselves to providing you with the best financial service possible. And, at this special time of year, we join to wish you and all those you love a very Merry Christmas and a Happy and Successful New Year!

President/ CEO
Utah Community Credit Union

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President's Message October 2014

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LOW PAYMENT CONSOLIDATION PLAN

Many people need breathing room when it comes to keeping monthly loan payments low – especially during the holiday season. The credit union has created a new home equity program designed to keep payments low and affordable. Payments on a $10,000 home equity loan are only $72.45 per month! So if you need to consolidate high interest loan payments, give a Home Equity Specialist a call at 801.223.7650 and see if a UCCU Low Payment Home Equity Loan can help! *

VOTED BEST

UCCU has continued to be “voted best” in 2014. Below are a few of the awards the credit union has received this year:

 We are happy to have such a great membership base of over 120,000 members, serving families locally and throughout the world. As a not-for-profit organization, we exist solely to serve the needs of our membership. Our mission is to help you make smart financial decisions by providing you services, information, and financial tools to help you set and reach your financial goals.

 At UCCU you can expect to earn more and pay less by taking full advantage of our services and benefits. Our qualified and experienced staff works diligently to provide the best banking experience possible – in person, over the phone, on your computer, and even on your mobile device.

 Thanks for making UCCU your trusted financial partner!

 As always, we are working hard to provide you with “First Choice” services and financial products and doing everything we can to help our members make smart financial decisions. We are your credit union – use us for all we’re worth!

 Jeff Sermon
President/CEO

*Assumes 10-year draw period and 15-year pack back period from last draw, property value 80% loan-to-value, primary residence, and located in Utah.  Repayment of $7.245 per $1,000 borrowed. Minimum payment of $50.00. Annual percentage rate may vary. Maximum Annual Percentage Rate (APR) 18.00%. Some restrictions may apply. On approved credit.


NMLS # 407653 

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