MONEYMATTERSSPRING EDITION

IN THIS ISSUE• COVID-19 Preparedness & Protection• Annual Meeting Update• Use E-Services to Manage Finances Remotely• Mortgage Rates Are Dropping• New St. George Branch Progress

You are an important part of the community we serve and University Federal Credit Union is committed to protecting your health and safety. As new precautions relating to the spread of Coronavirus COVID-19 are impacting our daily lives of our members, we’re investing additional resources into keeping you, your family, and your finances safe.

With guidance from Utah officials and the Centers for Disease Control and Prevention (CDC), we are implementing additional protective measures to reduce the potential impact of the COVID-19 virus on our community. We are regularly sanitizing high-traffic, high-touch areas in our branches and educating our employees on critical sanitation practices recommended by the Utah Department of Health and the CDC.

University Credit Union can be reached via phone or live-chat.

• Call UFCU at 801-481-8800 on weekdays from 7am - 7pm and on Saturdays from 8am - 4pm

• Contact UFCU online via live chat on weekdays from 9am - 6pm and Saturdays from 8am - 4pm.

COVID-19PREPAREDNESS AND PROTECTION

In response to COVID-19, University Federal Credit Union’s 2020 annual meeting will be held online only via a digital conference on April 23, 2020 at 7:00pm. Further details will be posted on our website, visit www.ucreditu.com/annual-meeting for more information.

2020 MEETING WILL BE HELD ONLINE ONLY

ANNUAL MEETING

We’re always working to deliver the most useful digital products to help you feel confident in your finances. With our electronic services, like online banking, online billpay, mobile check deposit and online transfers, you can manage your finances freely and from the comfort of anywhere you have access to the internet.

You can use your online banking by logging in at UcreditU.com or you can download our free mobile app, UniversityCU, for easy banking from your mobile device.

As many in our community attempt to limit exposure to highly-public areas to reduce potential risks associated with COVID-19, where possible, we encourage you to manage your finances remotely. You can use our online banking services or contact University Credit Union via phone or live chat at UcreditU.com.

• CALL 801-481-8800 Weekdays 7am - 7pm | Saturdays 8am - 4pm

• LIVE CHAT ONLINE Weekdays 9am - 6pm | Saturdays 8am - 4pm

MANAGE YOUR FINANCES ONLINE

ELECTRONIC SERVICES

Mortgage loan rates have been consistently low for the past several months and, as a result of social and economic events around the world, mortgage rates recently dipped as low as they’ve been since October 2016. During the last quarter, we saw the housing market fluctuate with rapid rate changes and historic drops. This March alone, rates dropped, for some buyers, to numbers below 3%.

Though rates may rise over the next quarter, experts predict loan rates will average around 4% through the middle of 2020 with lows around 3.7%. For this reason, the market is not only very active for homebuyers but refinancing an existing mortgage could save some homeowners hundreds of dollars per month.

What Does This Mean for You?

Dropping rates means qualified buyers could save hundreds dollars per month on a mortgage payment. If you’re looking for a new home or to refinance the home you’re in, now is the time to do it.

Because the market is so competitive, however, it remains, technically, a seller’s market and the demand for homes currently exceeds their availability. This means there may be intense competition for good homes on the market and, if you find a home you love, it’s smart to strike while the iron is hot. You can lock in a low rate and secure a home that might be rapidly off-market.

If you have questions about how you can take advantage of dropping rates, contact one of our mortgage professionals today. We’re here to help you easily navigate the home-buying or refinancing process.

Contact our mortgage team at 801-481-8840 or learn more at ucreditu.com/home-center/mortgage-contact.

MORTGAGES RATES ARE STILL DROPPING

MORTGAGE UPDATE

Our new full-service branch, located in St. George, Utah, is on schedule to open this summer, 2020. Opening this new branch represents healthy and exciting growth for our credit union and the beginning of much more growth to come. We are proud to broaden our reach and to start making a greater impact in more Utah communities. As our member, you are the most important part of what we do. We’re focused on improving your financial potential and part of that includes offering more ways and more places for you to enhance your finances. Watch for more updates on how we’re improving the ways we serve you.

NEW ST. GEORGE BRANCH SIGNIFIES EXCITING GROWTH

GROWING STRONG

March 17th, 2020

Federal law requires us to tell you how we collect, share, and protect your personal information. Our privacy policy has not changed, and you may review our policy and practices with respect to your personal information at ucreditu.com/documents/PrivacyNotice.pdf or we will mail you a free copy upon request if you call us at 801-481-8800.

IT’S BETTER HERE

NMLS #654272

CONTACT USWWW.UcreditU.COM

801.481.8800