WANT A BETTER SELFIE? We can help! - Crossville

Fall 2016 Newsletter
ARTICLES
2 | Financial TIPS for any Age! 3 | International Credit Union Day 4 | Mobile Deposits
Go Paperless
AND SAVE!
SECURITY:
Paperless statements
are more secure!!
A recycle bin is easier to break into than a computer.
A Gift
You Can Give
Yourself!
Holiday shopping season begins
early November. Next year, instead
of stressing over charging more
onto your credit cards, why not
take the opportunity to open
a holiday club account? Open
it, set up an automatic, regular
deposit into it and forget about
it until this time next year. That
way, you’ll have saved the money
in advance and you can enjoy
Christmas without adding more
debt. Now that’s a gift to give
yourself! Another option you
have is our Christmas Loan.
Apply online or call today
931.484.9433 extension 120
theft crimes come from paper,
85% ofsuchidentity
as stolen checkbooks, statements, etc.
Copies of digital documents stored in multiple locations
are safer backups than paper in a file cabinet.
ENVIRONMENT:
The average American home gets
23 POUNDS of wood pulp delivered each year.
19 billion commercial mailers, equalling
of paper, are delivered per year.
533M POUNDS
Switching to eStatements reduces greenhouse gas
emissions by 23 pounds!
SAVINGS:
The cost of stamps, checks and
envelopes to pay bills add up to $100 per year.
Automatic bill payment means no more missed payments,
which helps keep your credit score in good shape.
It is EASY to sign up for Online Banking and E-Statements.
Just go to ucfcu.org then click on Online Services and E-Branch.
Skip a Pay...
It’s the most expensive time of the Year! Skip your November or December
loan payment. Free up your funds for gifts, shopping, vacations, or other expenses
that go along with the Christmas season. Our skip a pay is a convenient program
that allows you to skip a payment on one or all of your qualifying loans. *$25 Fee per loan.
What a great way to avoid all those after Christmas bills!
Contact the Loan Department today at
931-484-9433 extension 120 for more information.
Financial Tips by Age Group – Decade by Decade
By Katie Bossler, GreenPath personal finance counselor
There are two “golden rules” in personal finance that apply,
regardless of how old you are: 1) live within your means, and
2) look forward to the future and save for it.
These are two very simple concepts, but very powerful. If
actually applied to your everyday life, they can mean the difference between being constantly stressed about your finances, and feeling secure and in control. Below are some more
specific suggestions by decade.
20’s
Tip #1: Establish a positive credit history. A good way to
establish good credit is to get a credit card, use it often, and
pay off the ENTIRE balance ON-TIME, every month. Paying
before the due date and avoiding interest charges is critical to
your financial health.
Tip #2: Don’t be in a rush to move out of mom and dad’s house.
If you have landed a job, take the time to get a strong financial
foundation and establishing savings, before you move out on
your own. Stay focused on paying down any student loan
debt you may have.
30’s
40’s
Tip #1: Be careful with the upgrades. You may be advancing
in your career and ready to buy a bigger house, or nicer car,
because things are going well. This is a slippery slope, so be
careful!
Tip #2: Review your emergency savings. You may be socking
away some money, but is it enough? There are plenty of
“rules of thumb” for how much you should have in savings.
Three months of expenses? Six months? This is a personal
decision with no right or wrong answer.
50’s
Tip #1: As retirement gets closer, review your debt load and
retirement savings. Most of us do not want to enter our
retirement years with debt. This is the decade to avoid getting
further into debt, paying off existing debt, and increasing
retirement savings.
Tip #2: Don’t overextend yourself helping others. You may
have kids in college and aging parents, but you should never
lend money that you need yourself.
60’s
Tip #1: The 30’s are when you may become established in a
career and ready to purchase a home or finance a wedding.
Before taking the next step, review your credit and current
debt load.
Tip #2: If you are ready to purchase a home, determine how
much you can afford to spend. This might be very different
from the amount you are approved for by a lender.
This is a big commitment. Make sure you take your future
lifestyle into consideration, so that you do not feel cash
strapped.
Tip #1: This is the decade when most people decide to retire.
Before retiring, be sure to find out exactly what your income
will be and review your budget. The Social Security Administration has a retirement benefits estimator available at ssa.gov
that can be used to estimate income.
Tip #2: For most of us, housing is the biggest expense in our
budget. If you are a homeowner, even if your home is paid
in full, there are property taxes, upkeep costs, and utilities.
Consider if the home you are living in is the right fit for you
as you age.
Double Points on your UCFCU MasterCard® Credit Card!
Every purchase you make in the entire month of November and December
will earn you double rewards points on your MasterCard® Credit Card.
Not enrolled for rewards yet? Visit www.scorecardrewards.com
Don’t have a UCFCU MasterCard®? Call today to inquire 931-484-9433 ext. 120.
2 | U C F C U . O R G
It’s International Credit Union Day!
On the third Thursday of October, credit unions
Here are a few things UCFCU will be doing to celebrate!!
Your credit union is dedicated to
serving your community.
Refinance your Auto Loan with UCFCU
October 17th - October 22nd, 2016
N
LOA AL!
and we will give you $200!
CI
E
P
S
PLUS 60 Days no payments!*
around the world celebrate International Credit
Union Day, this year it is October 20th. The day
honors the contributions credit unions have made
to society and gives credit union members a chance
to reflect on the credit union movement, its history
and achievements, and how membership in a credit
union makes each member part of something special!
UCFCU Staff Members Volunteer:
• Collecting non-perishable food items for the local food bank.
• Collecting pet supplies for the local animal shelter.
*Restrictions apply. Existing UCFCU Auto Loans do not qualify.
Minimum loan balance to refinance is $10,000.
• At the Ag In The Classroom program.
• To teach Junior Achievement in the classroom.
• At the Biztown for the 5th graders.
• On the Friday at the Crossroads Steering
Committee.
• On the Board of Directors for the Youth
Achievement Foundation (JuniorAchievement).
• On the Board of Directors for the Imagination
Library.
• On the Board of Directors for the Habitat for
Humanity.
• As a Tennessee Promise Mentor.
• UCFCU participates in Cumberland County
Career Fair for 11th graders and the Discovery
Career Exploration Fair for 8th graders.
• UCFCU delivered goodies to the Local Police
Departments in Fentress and Cumberland
County to thank them on Back the Blue Day.
• UCFCU Provided FREE Financial Wellness
Seminars.
MEMBER OWNED
By People Like YOU!
UCFCU Statistics as of July 31st 2016:
• UCFCU has 7,403 members
• 2,486 members have a loan
• 4,338 total loans
• 1,522 auto loans financed (totaling $16.60 million)
• 406 home and land loans (totaling $18.53 million)
UCFCU loan staff loaned over $20 million last year and has
loaned $12.47 million in the first 7 months of this year.
U C F C U . O R G | 3
PRSRT STD
US POSTAGE
PAID
COOKEVILLE,TN
PERMIT NO 127
PO Box 529 • Crossville, TN 38557
Mobile Deposit:
It is so EASY!!!
Here’s How It Works...
The Convenience of the Future, Today!!
• Small Businesses can deposit personal checks
without waiting to travel to the credit union.
• Busy workers can deposit paychecks without
•
• Business Checks
• Personal Checks
• Paychecks
•
Take a picture from
your smartphone
using the free
UCFCU Mobile App
•
Transmit images to
make a deposit into
your UCFCU Account
• Quick and Efficient
• Safe and Secure
• Saves Time and Energy
driving to their institution before closing time.
Consumers can quickly and securely transfer
funds to their savings account.
Financial institutions also benefit from the
efficiencies that are gained by offering mobile
check depositing, allowing them to keep costs
lower and pass the savings onto members
through better rates and other programs.
Secure Process- Cellphone data encryption is
the same as the encryption for any other
Internet service.
Mobile Deposit isn’t just the future of mobile
banking, it’s already here!
Take Advantage of this Member Benefit:
Download our Mobile App in the App Store or
Google Play by searching for UCFCU or
Upper Cumberland Federal Credit Union.
If you already have the UCFCU Mobile App
Apply Today for Mobile Deposit.
4| U C F C U . O R G