4.49%APR - UW Credit Union

Spotlight
FALL
|
2 0 11
We’re Growing to
Serve You Better
In December, our 3500 University Avenue
branch, as well as our Investment Services
area, will be moving to 3750 University
Avenue in Madison (formerly Borders).
UW Credit Union is exceptionally strong
and secure, and our expansion allows us
to continue to provide an outstanding
level of service and convenience to our
members. Our corporate office and
mortgage services will remain at 3500
University Avenue.
Top Five Reasons to
Get a Home Equity Line of Credit
Put the Equity In Your Home to Work
4.49%
APR*
Variable Rate Line of Credit1
Take Advantage of Low Rates – If you don’t have a home
equity line of credit, or are looking to refinance your line
from another financial institution, take advantage of our
low rate.
Free Home Valuation – Contact us at 800.533.6773 to learn more about this free
service.2 We’ll provide you with a property valuation report that includes comparable
properties and other factors.
Flexibility – Lock your balance into a fixed-rate, fixed-term loan.3 Have access to five rate
locks for the 15-year term of your loan.
Borrow up to 100% of Your Home’s Value – Plus, receive affordable benefits like:




No Closing Costs
No Annual Fee
No Early Pay-off Fee
Tax Deductible Interest – See your tax advisor for more information.
Get a Home Equity Loan or Line for Any Purpose – Remodel your house, consolidate
debt, pay for college expenses, take a dream vacation and more.
*APR is annual percentage rate. Rates and fees are subject to change.
1
Line of credit—During the 15-year draw period, the minimum monthly payment for HELOC 80% and HELOC 90% will be the greater of (a) $50
or (b) the accrued interest on the outstanding balance under the agreement as of the close of the billing cycle. The minimum monthly payment
for HELOC 100% will be (a) $100 or (b) 1.5% of the outstanding balance, whichever is greater. However, if you exceed the maximum principal
loan balance allowed under your agreement, you will also be required to pay an amount sufficient to reduce your principal loan balance to the
maximum principal loan balance allowed under the agreement. Balances of less than $100.00 must be paid in full. Late payment fee: $10 or
5% of the unpaid amount due, whichever is less. Rate indexed to prime. APR is subject to change monthly but cannot exceed 18%. The rate will
never fall below 4.49% for HELOC 80%, 4.99% for HELOC 90%, or 7.99% for HELOC 100%. No annual fees.
2
Offer subject to change. Property valuation is based off of the Automated Valuation Model (AVM) for residential property only. The AVM is a
computer generated appraisal report.
3
You may exercise up to a total of 5 options during the draw period of your loan. Each option must be exercised for an advance/balance of at
least $5,000. The first option fee is waived. A $25 fee applies for each time you exercise the option thereafter.
 Extends the residency of our home
office for many years
 Increases parking capacity for
members and community events
 Expands our University Avenue safe
deposit box services
 Provides needed employee workspace
and parking
 Reduces local traffic (less intense retail
use of the former Borders store)
 Expands our Investment Services area
 Remodels of both buildings follow
LEED certification guidelines
Rapid Refinance
Refinance Your Home for $149*
Great Ways to Bank With Us On-The-Go
Enhancements to Text & Mobile Banking
If you haven’t tried Text & Mobile Banking, it’s a great time to do so. We’ve recently
made enhancements to make them even more user friendly. Both offer a convenient way
to manage your accounts and another convenient way to do your banking.
Text Banking
3.99%
1
We have a new Text Banking short code. Simply text a command to UWCU9 (89289),
and we’ll respond with your requested answer. With Text Banking, you can get balances,
transfer money between accounts and use Money Link. Before using Text Banking,
register your phone through Web Branch.
✁
Fixed-Rate | 12-Year Term
POPULAR COMMANDS
TEXT
UWCU9 (89289)
If you’re planning to pay off your home
within 15 years and are interested in
refinancing without traditional closing
costs, choose Rapid Refinance.
 Loans up to $175,000
 12-year term with low, fixed rate
 Streamlined application process
 No pre-payment penalty
 Owner-occupied homes including
1-4 units & condos
 Up to 65% cash out available
Apply online at uwcu.org today.
* Rapid Refinance has a $149 processing fee due at closing.
Other closing costs are waived, except for the appraisal
cost if required. Appraisal costs range from $200 to $400
depending on the loan amount. Homeowner’s insurance is
required. $149 processing fee applies to new Rapid Refinance
requests. If less than 24 months have elapsed since last Rapid
Refinance, a $785 modification fee will apply.
1
4.005% APR (Annual Percentage Rate). 12-year fixed-rate
home loan. Rates subject to change. Assumptions: Loan
amount $175,000, processing fee $149, term of 144 months
and monthly payments of $1,531.33. Appraisal and title
insurance are extra if applicable. Rate shown is for up to 80%
loan to value. Homeowner’s insurance required. Offer subject
to flood certification, property, title and value verification.
Credit
Card
Advance
Transfers
Transfer money from your
available limit to your checking
or savings account with an
Advance Transfer.* There’s no fee,
and you are charged the same
interest rate as purchases. Use
Advance Transfer to pay off your
credit cards with higher interest
rates or for life’s emergencies.
*Advance Transfer Option: We will begin charging interest on
Advance Transfers from the transaction date. Interest rate is
based on your current APR for purchases. No transaction fee.
UW
TE
CU
XT
bal
Get balances for select accounts.
tfr
Transfer money between accounts.
help
Returns a list of all commands.
qt
Transfer quickly between predefined accounts.
ml
Transfer money to one of your Money Link recipients.
9(
89
28
9)
Mobile Banking
Our new touch-friendly Mobile site is now live. Every
aspect of the site has been improved to work on today’s
touchscreen smartphones and mobile devices. The site
is faster, and the links are easy to read and touch with
your fingers. We’ve also added the ability to:
 Schedule transfers & Web Payments
 Find branch & ATMs using your GPS services
 Access Money Management Tools
With Money Management Tools access, you can
categorize transactions and add labels and notes. You
can also view and manage your Pending Items to stay
on top of your true current and future balances.
The new site works great on Android, Blackberry,
iPhone, Windows Mobile 7 and WebOS. To get
started, go to m.uwcu.org in your mobile browser.
Over-the-Counter Savings Bond Sales to End
Effective December 26, 2011
The Bureau of the Public Debt has decided to end the sale of paper savings bonds at
financial institutions. UW Credit Union will no longer be selling savings bonds as of
December 26, 2011. This decision supports the U.S. Department of the Treasury’s
goal to increase the number of transactions consumers are able to do electronically,
which will save taxpayers approximately $70 million over the first five years. Savings
bonds, however, are not going away. Electronic savings bonds in Series EE and I will
be available through TreasuryDirect®, a secure, web-based system at treasurydirect.gov.
UW Credit Union will still be able to redeem bonds. Find out how much your bond is
worth at treasurydirect.gov/BC/SBCPrice.
Save Money On Everyday Items
Knowing Where to Shop Makes a Difference
It’s always good to save money on items you buy frequently. Use these tips to help you
shop more efficiently.
Take Advantage of
Market Highs & Lows
Dollar-Cost Averaging
What to Buy at Dollar Stores – The
best deals at dollar stores are most
commonly associated with household
cleaning. This includes items such
as dish detergent, sponges, paper
products and brushes. Other
bargains include holiday decorations
and candy, crafting supplies, baby
clothes and non-perishable foods.
What to Buy at Warehouse Clubs – Some of the best bargains at warehouse clubs
can be found in the supermarket section. Alcohol is typically 35% lower in price than
at supermarkets, while basics such as milk, butter and eggs are 20% less expensive.
Cooking oils are also a good deal. Electronics can also be a good buy, and warehouse
stores often offer more generous return policies and longer warranties than electronic
stores. Other deals can often be found on eyeglasses and prescriptions.
What to Buy at Large Retailers – Deals can be found on brand-name groceries and
snacks, as well as store-brand items. Purchasing store-brand items can save up to
10-20%. Try store-brands out to see if you like them as much as their brand-name
counterparts. Cosmetics and small electronics can also be good buys.
What to Buy at Outlet Malls – You can get good discounts at outlet malls on items
like clothes and shoes, especially on popular brands. However, compare the price to
what you’d pay at a regular retail store to make sure you are getting the best deal. Outlet
malls typically contain last season’s merchandise and overstocks, but there are items
manufactured exclusively for them.
Protect Yourself from Smishing
Customers of financial institutions are likely targets for smishing scams. Smishing
attempts to obtain your account or personal information by sending you a fraudulent
text message on your cell phone. Often, the text gives you an urgent matter you need
to attend to, like the suspension of your account.
You are given a toll-free number to call, where
you provide account information and passwords
to a fake automated response system. Afterwards,
scammers typically use your information to create
fake credit and debit cards for themselves, often in
as little as thirty minutes.
UW Credit Union will never send you an unsolicited text message or email asking you to
confirm your account information. The best way to protect yourself from financial fraud
is to never give out your account information including ATM and credit card PINs and
online banking passwords. If you are uncertain about the legitimacy of a communication,
or if you have given out your account information, please contact us at 800.533.6773.
With the recent volatility of the stock
market, it may be a difficult decision
whether or not to jump in altogether.
However, rather than trying to outguess
the market, you can incorporate an
investment strategy that takes market
highs and lows into account—dollarcost averaging.
Dollar-cost averaging works similarly
to a 401(k) plan. You contribute a
fixed amount of money in regular
installments over time, helping to take
the sting out of market volatility. It
could be $10 a week or $200 a month.
The idea is to invest consistently and
ignore all the short-term fluctuations in
the market. People, by nature, tend to
buy a lot of stock when prices are rising
and stop buying them altogether when
prices are low. Dollar-cost averaging
forces you to do the opposite—you end
up buying the most stock when prices
are low. And it helps you adhere to a
disciplined approach of investing on a
regular basis, even in declining markets.
Dollar-cost averaging does not assure
you of a profit or protect you from a
loss. You should also consider your
ability to continue to dollar-cost average
through changing markets.
Our financial advisors can help you
determine if dollar-cost averaging is
right for you. For more information and
to learn more, call 800.533.6773, ext.
2107, to schedule an appointment.
Investments are offered through Securities America, Inc.,
Member FINRA/SIPC, and Financial Planning and Advisory
Services offered through Securities America Advisors,
Inc., an SEC Registered Investment Advisory Firm, Clint
Walkner, Jeremy Marshall, Nate Condon, Kasey Vergin,
Representative(s). Not NCUA insured. No Credit Union
Guarantee. May Lose Value. UW Credit Union and the
Securities America companies are separate entities.
Budget-Friendly
Auto Loans
Buy or Refinance Today
Madison-area Shred-it Day Statistics
During this year’s annual event, our members saved
approximately 150 trees by bringing in 30,000 lbs.
of paper to be shredded and recycled for free.
Thank you to everyone who participated.
Rates as low as
3.99%
APR*
Up to 60 Mos. | New or Used1
*APR is Annual Percentage Rate. Rates subject to change. Rates reflect .25% reduction for qualifying checking account.
1
36 monthly payments of $29.52 per $1000 borrowed. 48 monthly payments of $22.57 per $1000 borrowed. 60 monthly payments
of $18.41 per $1000 borrowed.
What the Raised Debt Ceiling Means to You
Changes to Student Loans & Low Mortgage Rates
With the deal to raise the nation’s debt ceiling to reduce government spending in place,
learn about changes to student loans and advantages of getting a mortgage now.
Student Loans – Undergraduates will still be eligible to receive subsidized Stafford
student loans. However, this loan will no longer be available to graduate students as of July
1, 2012. The interest on Subsidized Stafford loans is covered by the federal government, so
it doesn’t accrue as long as the student is enrolled in school at least half-time.
UW Oshkosh
Dragonboat Race & Festival
We sponsored the sixth annual Dragonboat Race
and Festival in Oshkosh. This year’s event took place
on Saturday, September 24, 2011. The Dragonboat
Race and Festival is designed to celebrate education,
community, family, culture and the waterways
of Oshkosh.
Student Drawing Winners Announced
Congratulations to our Campus Package, Wiscard
and TitanCard sweepstakes winners, Lina from
UW-Green Bay, Liam from UW-Madison & Tawny
from UW Oshkosh. Students who opened a
Campus Package online or linked their Wiscards
and TitanCards this summer were entered to win.
In addition to an Apple iPad or MacBook Pro, they
each won a $250 scholarship.
UW-Madison Parents’ Weekend
The change to Subsidized Stafford loans for graduate students was made to cover the
shortfall of the Pell Grant program, which provides grants to low and moderate-income
students. The Pell Grant program still has a $1.3 billion deficit, which may change
eligibility requirements. Learn more at studentaid.ed.gov. You can also learn about our
Private Student Loan option at uwcu.org.
We are sponsoring UW-Madison’s First-Year
Parents’ Weekend, November 4–6. Hosted by the
Wisconsin Alumni Association (WAA), Parents’
Weekend is an opportunity for parents to come to
campus and participate in activities inherent to the
student experience. Learn more about this event at
uwalumni.com/parentsweekend.
Mortgages – Mortgage rates will stay low for now. However, there will likely be less
incentives for potential homebuyers as details of the debt deal come together. Lawmakers
are working on a simpler tax system with lower tax rates and fewer tax breaks that
potentially could reduce mortgage tax deductions. If you are thinking of buying a home,
it may be best to act quickly because of these upcoming changes. Learn about our
affordable home loans at uwcu.org.
UW-Madison Homecoming Huddle
UW Credit Union is a proud sponsor of the Badger
Huddle® at the UW-Madison Homecoming football
game against Indiana on October 15. Come for
giveaways and appearances by Bucky Badger and
the UW Spirit Squad.
Panther Prowl
Renters Insurance - Protect Your Belongings
If you added up the value of your belongings, you’d probably account for thousands
of dollars. Could you afford to replace them if they were stolen during a break-in or
damaged during a fire? Your landlord’s insurance generally covers the building where
you live—not your personal belongings or your liability.
For less than 56 cents a day, you can protect your personal belongings in the event
of an unexpected loss such as fire, burglary or natural disaster. By purchasing renters
insurance, you can have peace of mind knowing you have up to $40,000 in personal
property coverage. Renters insurance also:
We are proud to sponsor the 7th annual
Panther Prowl 5k run/walk which kicks off at
10 a.m. on Sunday, October 9. The Prowl helps
support UWM Alumni Association programs and
student scholarships.
Learn more at www4.uwm.edu/pantherprowl.
PantherFest
UW Credit Union was a proud sponsor of
PantherFest, a concert celebration for the entire
UW-Milwaukee community, including students,
alumni, faculty, staff and their families. The event
took place on Friday, September 9, at the Marcus
Amphitheater in Milwaukee. We gave away a
semester of tuition for one UW-Milwaukee student.
 Provides coverage against liability claims for accidents occurring at your residence.
 Covers medical expenses incurred by a guest who is accidentally injured while at your
residence, regardless of fault.
 Covers additional living expenses incurred as a result of a covered loss.
 And more.
To receive a free renters insurance quote, visit uwcu.org today.
UW Credit Union | P.O. Box 44963 | Madison, WI 53744-4963 | web uwcu.org | e-mail contactus@uwcu.org
Madison 608.232.5000 | Nationwide 800.533.6773 | TDD 608.232.5029 | fax 608.236.2450
This publication does not constitute legal, accounting or other professional advice. Although it is intended to be accurate,
neither the publisher nor UW Credit Union assumes liability for loss or damage due to reliance on this material.
FEDERALLY INSURED BY NCUA