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What's New
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Make Safe Online Payments from your Checking Account with Paysecure |
2010 Roth IRA Conversion: Income Hurdle Eliminated
A message from the MEMBERS Financial Services program
Recent changes in the tax code have made traditional IRA conversions into Roth IRAs more accessible by eliminating the $100,000 modified adjusted gross income (MAGI) limit. This means owners of traditional IRAs (and certain retirement funds, such as 401(k), 403(b), and pension plans) can take advantage of the potential tax savings a Roth IRA provides.
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Roth Conversions Click for document that outlines the new rules and some examples for coverting to a Roth IRA. |
The main advantage of a Roth IRA is that withdrawals starting at age 59½ can be made free of income tax. Deciding whether it pays to shift from a traditional to a Roth IRA can be complex, and just because you can convert starting in 2010 doesn't mean you should. You need to weigh the possibility of future tax savings from a Roth conversion against the tax bill that will come due now. If you believe your tax bracket may be higher in the future, a Roth conversion might be the right move.
Before deciding on your IRA conversion plan, speak with Joseph De Maria, the MEMBERS Financial Services representative located at the University Credit Union office. Joseph can schedule a no-cost, no-obligation appointment with you to review your needs. Please call Joseph at (310) 477-6628, x2309 for more information.Representatives are registered, securities are sold, and investment advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor, 2000 Heritage Way, Waverly, Iowa 50677, toll-free (866) 512-6109. Nondeposit investment and insurance products are not federally insured, involve investment risk, may lose value and are not obligations of or guaranteed by the financial institution. CBSI is under contract with the financial institution, through the financial services program, to make securities available to members. FR120908-9CD3
New Way to Pay for Online Purchases
If you hold a Visa Check Card from University Credit Union, you have a new way to pay for online purchases -- using PaysecureTM.
PaysecureTM allows you to safely use your Visa Check Card and PIN for purchases made at select merchants.
Plus, it's a great way to budget since the transaction amount comes directly from funds you have available in your Checking Account. Find out more about PaysecureTM.
Make Your Mortgage More Comfortable!
Start 2010 off with a better mortgage by refinancing your first mortgage loan with University Credit Union!
15-YEAR FIXED-RATE LOAN
Loans are available for first mortgage refinances only, based on a maximum CLTV of 75% and maximum loan amount of $417,000. Available to members residing in California and on owner-occupied member residences (single-family dwellings, condos, townhouses and 1-4 unit multi-family dwellings) in Los Angeles, Orange, Ventura, Riverside, San Diego and San Bernardino counties. Loans issued subject to credit review and approval. Not all applicants will qualify. Additional restrictions may apply.
Drive a New Ride in 2010!
Looking to buy a new car in 2010? Take advantage of the new year deals and get the new car you need - efficient size, better mileage and improved reliability- even in today's economy!
Let UCU help! To make your new vehicle purchase even more affordable, our flexible rate structure gives you more options and even lower rates. Choose a shorter term and make a down payment and you can pay as little as 3.99% APR*! Check out the new affordable options available to you.
| Term | 80% financing | 100% financing |
| 36 months | 3.99% APR | 4.99% APR |
| 48 months | 3.99% APR | 5.24% APR |
| 60 months | 4.49% APR | 5.74% APR |
| 72-84 months | 4.99% APR | 6.24% APR |
Second Chance Financing Available
If you recently purchased a new car with bank or dealer financing, but learned our rates are better, we now offer second chance financing. Bring us that loan within 90 days of purchase and we'll refinance it at our new car rates!**
Click for more car loan information or apply online today!
*Annual Percentage Rate effective 1/01/2010 and subject to change without notice. Loans available only for new vehicles purchased and registered in California. Loans issued subject to credit review. 84 month term on loans of $30,000 or more. Monthly payment per $1,000 borrowed for 48 months at 3.99% APR=$22.58. **Available for new vehicle purchases only (New purchase for 2009-2010 model year cars only).
Late payments: working on a solution with you
If you are feeling anxiety, fear or uncertainty about bills that are getting harder to pay or past due, you are not alone. More people are finding themselves in this situation and aren't sure what they can do to get help.
If you have a credit union loan that is past due or is getting harder to make, the first thing we suggest is to contact a credit union representative.
For members that have a home loan and are concerned about making payments for their loan, UCU has a Web site with some free information: Early Delinquency Intervention: Saving Your Home From Foreclosure. UCU will work with you to find a solution. Make the call today. Please contact a representative to discuss your loan repayment options by calling (310) 477-6628, x2815 (Monday - Friday 7:00 a.m. - 5:00 p.m.) or submitting an online contact form.
Go Paperless with MasterCard eStatements!
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Simplify your life by eliminating the wait for your UCU MasterCard statement! No more filing or mailing in payments, just a friendly email when your statement is ready! This is a safe and convenient way to receive your UCU MasterCard statement. Plus, you're helping us save the environment!
Simplify your life, enroll today!
Enroll in credit card electronic statements today and start enjoying the benefits of a simple life:
Stay in BALANCE during tough times
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Has the recession thrown your finances off
balance? Get back on track with expert guidance
from BALANCE, our free and completely
confidential financial counseling service available to UCU members:
Money management counseling
Learn to track your spending and create a
realistic budget.
Debt management
Assistance in developing a repayment plan to
reduce debt.
Foreclosure prevention counseling
Options to save your home and/or minimize damage to your credit.
Housing counseling
Learn about home purchasing basics and home
loan options.
Identity theft prevention
Tips for keeping personal financial
information private.
Credit report review
Understand what’s on your report, identify and
correct inaccuracies, and learn how to improve
your credit standing.
Go online to BALANCE to get more information to help get you on the right financial path.
Purchasing a New Home? Finance it with a Lender you trust!
Your home is the biggest purchase you’ll make. And we have everything you need to choose the best home loan. Members can apply for a mortgage loan online, get current mortgage loan rates and review educational information on home buying.
UCU mortgage loans can be used for home purchases, home refinances (includes cash outs) and for refinancing income/rental property (single- to multiple-unit rental properties).
Loan approval subject to income and credit evaluation. First mortgage loans
are processed by CUSO Mortgage under contract with the Credit Union.
Stuck with a Bank Checking Account You Didn't Choose?
Has your bank merged, converting your checking account into something you don’t want? If so, look at what University Credit Union’s checking account offers. Just compare it to your bank’s account and you will see that ours comes with all the access services you need… and more!
Make the switch today! Call or visit a branch to open your free checking with UCU!
Comparative data gathered from bank’s website on 8/31/09 and may change.
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Your savings federally insured to at least $250,000 through the National Credit Union Administration (a U.S. Government Agency) and backed by the full faith and credit of the United States Government.
An additional $250,000 of coverage provided by American Share Insurance (ASI), a private corporation.
University Credit Union is an Equal Housing Lender.
Copyright © All rights reserved.
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Applications: For more information, please e-mail us or call (310) 477-6628. |