Discover the Savings!
What does my estimated, annualized savings amount reflect?
The amount listed on your personalized savings report represents the sum of all of your individual account savings amounts. It reflects the difference between what you paid or earned in interest, fees or rebates at University Credit Union and what you may have paid or earned on average for comparable accounts at leading banks in your assigned market area. The amounts listed are for illustrative purposes only and do NOT constitute a cash payout, dividend or bonus.
What does “estimated, annualized savings” mean?
Because we compared your personal account rates and fees against the average rates and fees of the collective banks in your assigned market area, we cannot quote exact savings. Instead, the savings represent an estimate based on your personal account rate and balances. Annualized simply means that we’ve estimated your account for an entire year regardless of when you actually opened the account.
What fees are included in the Fee Benefit calculation?
The only fees included in the calculation are recurring account maintenance fees. We did not include penalty or “occasional” fees such as overdraft fees, stop payment fees, foreign item fees, etc. UCU has very few account maintenance fees so your membership really helps you save big in the fee area.
Where did you get the data?
We partnered with Informa Research Services, Inc., Calabasas, CA, www.informars.com to conduct this research. We compared market rates using financial data from May 2018. Although the information Informa provided us has been obtained from banks themselves, neither UCU nor Informa can guarantee absolute accuracy as rates can change without notice.
For assistance or help with accessing the average savings by number of accounts, please contact us.
On average, University Credit Union members saved $318 each last year just by having their accounts with UCU versus a leading bank. If your membership savings amount was more than that, congratulations! You’re likely making good use of your UCU membership. But are you making the most of it? If you saved less than $318, you may not be taking full advantage of all that your membership can offer.
Our market research demonstrates that the easiest way to save more is to do more with us. We know that the deeper our financial relationship is with you, the more you save. Members with one UCU account only saved an average of $67 annually whereas members with six accounts saved an average of $1,137.
Below are the average member savings amounts by account type. If your account’s savings were less than the average, we encourage you to schedule an appointment to review the membership benefits available to you.
In fact, we’re obsessed with saving you money. In case you’re a little like us, we want to give you the scoop on how we calculated your estimated, annualized savings.
The actual formulas vary by account type; however, regardless of account type, we used the same basic method shown below to calculate each of your account’s individual savings amounts. We then added all of your individual amounts together to calculate your total estimated, annualized savings amount. The definitions for each term are further below.
The rate benefit is the difference between your personal account rate and the average bank account rate for your assigned market area.
The definition varies by account type as follows:
The fee benefit represents the difference between the average bank account maintenance fee for your assigned market area and University Credit Union's account maintenance fee for a comparable account.
Our Research Partner
We partnered with Informa Research Services, Inc., Calabasas, CA, www.informars.com, to conduct this research. Although the information Informa provided us has been obtained from banks themselves, neither UCU nor Informa can guarantee absolute accuracy as rates can change without notice.
Welcome to UCU's new bold and innovative website designed to enthusiastically help you become more knowledgeable so you can make the most of your money. You’ll find a lot of helpful features, thanks to a fresh design that makes our site easy to navigate. Look at what’s in store!
Review your accounts. Conduct some transactions. It’s a simple process, starting with the easy-to-find login area at the top of each page. You'll also see some offers selected with you in mind.
Menus and buttons are positioned to help you get to where you want to go with minimal clicks. If you’re really in a rush, the new Quick Links menu offers the pages used most often.
Get exactly what you need, without distractions. Find resources, information and offers tailored to you and how you use your money. Whether it’s through a specific product or a within a University Community, we help make a difference in your life.
A well-rounded education must include personal finances. Our digital library of financial literacy materials, counseling resources and additional guidance help you along each stage of life. We are your trusted financial advocates.
Try our self-serve education modules you can access anytime on your schedule. Read answers to frequently asked questions. Use our financial calculators to research options. These resources, and more, are featured prominently in our Learn section.
We could show you more, but why don’t you see it all for yourself? You’ll love how easily you can use our site to find the solutions and information you need to manage your money and connect with a larger community. UCU is here to give you a financial edge.