Your Community. Your Credit Union.

Transcription

1 Your Community. Your Credit Union. Membership Winner Corridor Business Journal Best Credit Union Winner Des Moines Register Top Workplace Winner Callahan & Associates #1 Nationally for Total Return to the Membership Ownership (319) (800) Service Community

2 On behalf of our staff and volunteer Board of Directors, I am pleased to welcome you to the University of Iowa Community Credit Union. Established in 1938, the UICCU is a member-owned financial cooperative serving over 120,000 members. We pride ourselves in offering the very best financial products, and we back it up with award-winning, personal service. Giving back is important to us. UICCU is consistently ranked #1 nationally for returning profits to the members with better rates on loans and deposits. Perhaps more important, our staff plays an active role in the community by volunteering thousands of hours of service. I encourage you to look through this booklet and visit our website to learn more about what UICCU has to offer. Not only will you find convenient services, you will find aggressive pricing, low fees, and award-winning local service. You ll also support a cooperative that is committed to building a stronger community. We look forward to serving you. Jeff Disterhoft President/CEO University of Iowa Community Credit Union JOIN US! Membership is open to anyone living or working in the following counties in Iowa or Illinois. You can also join if you are a direct relative of a current member or graduated from the University of Iowa. Wright Franklin Butler Hamilton Polk Story Warren Hardin Marshall Jasper Marion Grundy Bremer Black Hawk Fayette Buchanan Tama Benton Linn Poweshiek Mahaska Iowa Keokuk Lucas Monroe Wapello Jefferson Johnson Washington Clayton Delaware Henry Jones Cedar Dubuque Jackson Clinton Scott Muscatine Rock Island Louisa Des Moines Mercer Henry Knox Lee

3 UICCU offers checking accounts designed to fit your needs. We have free accounts with all the conveniences you expect in a checking account and more. We also have Rewards which pays a yield much higher than the average 12 month CD, and reimburses the ATM fees that other banks charge. In addition to the best in convenience features, you will find free tools to help manage your money. Compare our options below to see which account is right for you. Rewards Free Who can open this account? All members All members Basic Members living outside Johnson County* Access Members rebuilding their credit rating Minimum Balance None None None None Monthly Maintenance Fee None None None $5 UICCU-owned ATM usage fee None None None None Non-UICCU ATM usage fee Reimbursement for ATM surcharges other banks charge $1 per transaction refunded at month end $1 per transaction 7 free per month; then $1 $1 per transaction Yes No No No Online Banking Free Free Free Free Mobile Banking Free Free Free Free Text Banking Free Free Free Free FinanceWorks Free Free Free Free e-alerts when balances are low Free Free Free Free Online Bill Payer Free Free Free Free e-statements ** Free (required) Free (optional) Free (optional) Free (required) Debit Card with Fraud Protection Free Free Free Free Telephone Banking Free Free Free Free Monthly Dividend Yes No No No To qualify for the premium rate and the ATM fee refunds (the sum of any usage fees and bank surcharge fees will be refunded up to $10 per month), the account holder must meet the following criteria each month: 1) Twelve or more debit card purchases averaging over $5 must post and clear the account. This excludes ATM or PIN-based transactions. 2) an ACH direct deposit or ACH withdrawal of at least $100 must post and clear the account (internal transfers excluded). estatement required. Primary account holder must be at least 18 years of age. Limit one account per person. * UICCU owns dozens of ATMs in Johnson County, which offers members unlimited free access to funds without usage fees. Due to the low number of UICCU ATMS outside of the county, Basic was designed to provide those members easier access to their funds without excessive ATM usage fees. **e-statements are free for all accounts and required for Rewards account holders. Members who opt to receive paper statements will be charged a fee of $2.00 per month. Free Online Banking with Bill Payer Manage your financial life with one simple system, at your convenience. Check balances, view transaction history, pay bills, transfer funds, schedule payments and more. We ll even store up to 15 monthly statements with our free e-statement service. Free Mobile and Text Banking Take your credit union with you. Mobile Banking allows you to post transactions, bill payments, and balance inquiries from your smart phone. Text Banking gives you a direct connection to your account via text messages. It s a great way to stay on top of your finances when you re on the go. FinanceWorks Wouldn t it be nice to have money management tools included with online banking? How about the ability to see accounts that you have at other financial institutions all in one place? FinanceWorks has it all for you. Built-in charts will show how you are spending your money and if you are on track with your budgeting goals. This is a free service found within our secure online banking site. ATM Access UICCU ATMs are conveniently located for unlimited free transactions. If you are a Rewards account holder you not only qualify for free ATMs nationwide, we will reimburse you for any ATM fees that other financial institutions charge (up to $120/year). Purchase Rewards Turn your everyday purchases into cash when you use your UICCU debit card. Targeted offers from merchants are made based on how you shop. You can view and redeem the offers in online banking. There is no limit to the cash back you can earn so you can enjoy substantial savings on the purchases you re already making. The more you use your UICCU debit card, the more chances you will have to receive relevant offers. e-alerts Set up or text alerts when your account balances fall below a level that you designate. Set up an alert if your UICCU credit card balances are on the rise or you have a CD maturing as well. Overdraft Privilege Mistakes happen. Rather than returning items unpaid that overdraw your account, UICCU will consider payment of overdrafts up to $1,500. While NSF fees still apply, you can avoid the costly charges from merchants for returned checks. It s no surprise that most of our account holders opt-in to this service. ClickSwitch UICCU makes it easy to move your account. Once you open your checking, we will provide a special code for you to use at our secure ClickSwitch site. Enter your direct deposits and withdrawals and ClickSwitch will automatically send out notifications to these vendors to have them moved to your new UICCU account.

4 Building wealth is easy at UICCU. You ll have peace-of-mind knowing that your deposits are insured up to $250,000 by the National Credit Union Association, an agency of the U.S. Government. Savings Accounts Whether you re saving for a rainy day or the holidays, a savings account at UICCU is a safe place to store your money. Dividends are paid monthly and there is no minimum balance requirement. Certificates of No plans for your savings? Open a certificate of deposit and earn a higher yield. The minimum investment is just $500. Terms range from 3 to 60 months. Visit uiccu.org for rates and monthly specials. Money Market Accounts If you are looking to keep your deposits liquid, look no further than our Money Market products. Many of these products will pay higher yields the more you have on deposit. Individual Retirement Accounts Individual Retirement Accounts (IRAs) are a great way to ensure that you retire with confidence. Open one today with as little as $100, then add to it whenever you like. IRAs offered include: Traditional, Roth, and Coverdell accounts. Best Rate Guarantee* UICCU guarantees you ll get the Best Rate on your CD or IRA! If you find a better advertised rate at a local financial institution, we ll not only match it we ll beat it. The Best Rate Guarantee is an exclusive benefit for members. Commercial Accounts We are in business to help your business. We offer commercial checking and savings products, and can provide online resources to help you manage them. *If you find a better advertised yield on a CD or IRA at a financial institution based in the counties we serve, the UICCU will beat it. Guarantee available for a limited time only. Applies only to comparably termed CDs with comparable minimum balances. Does not apply in those cases where the credit union does not offer a comparable product. Not available to public organizations or other financial institutions. Maximums apply.

5 When you need financing, you can trust our staff to find the right product at the right price. Our terms are flexible and applying couldn t be more convenient. You can apply at any office location, by phone or even at uiccu.org. Home Equity Tapping into your home s equity is easy and inexpensive at UICCU. Choose from a flexible Home Equity Credit Line, a fixed term Home Equity Loan, or combine the best of both with our Fixed Rate Home Equity Credit Line. Use the money for debt consolidation, vehicle purchases, home repairs, or whatever else you may need. For most homeowners, the interest is tax-deductible. Auto There are 3 reasons the UICCU is consistently a leader in automotive lending: great service, flexible terms, and exceptionally low rates. If you already have an auto loan at another financial institution, ask about our Second Chance refinance. This program has saved thousands of members money by lowering their interest rate by up to 2%. Commercial As your business changes over time, so do your needs. At UICCU you ll find a variety of business loans that can help you reach your goals, including fixed-asset term loans, commercial real estate loans, working capital credit lines, and more. Personal Whether you want a fixed rate with a fixed term or a credit line that allows for easy access, UICCU will make the process fast and easy. We ll work with you to find a term and a great rate that fits your budget. Private Student We can help you and your family fill in the gaps left by federal aid. With lower interest rates and no origination fees, you ll get significant cost-savings by choosing UICCU s Private Student Loan over alternative lenders. We now offer undergraduate and graduate programs. Visit our site to learn more and apply. Please note that University of Iowa Community Credit Union is an independent community credit union and is not affiliated in any way with or owned or controlled by the University of Iowa. The University of Iowa does not endorse any private educational loan product offered by the University of Iowa Community Credit Union, nor is the University of Iowa Community Credit Union in any way a preferred lender of the University of Iowa. UICCU is an Equal Housing Opportunity Lender. Did you know? UICCU offers a Skip-A-Payment program on personal and auto loans. You can defer up to two payments a year and put a little money back in your pocket.

6 UICCU is a market leader when it comes to home loans. That s because we listen to our members and find the right product to match their needs. Whether purchasing, refinancing, or constructing, our home loan department has experienced professionals ready to serve you. Fixed-Rate UICCU offers fixed-rate mortgage loans through several vendors so we can lock in the lowest rate possible for you. We have programs for first time homebuyers and even offer ways to avoid Private Mortgage (PMI). Adjustable-Rate UICCU offers in-house adjustable-rate products if you need 100% financing or don t plan to stay in your home long-term. We even offer ways to avoid Private Mortgage (PMI). First Time Homebuyers There are often programs and incentives available to first time home buyers. We ll take the time to educate you on the process and find the product that meets your current and future plans. More importantly, we will work to establish a budget as you begin the shopping process. Jumbo Mortgage For borrowers needing a loan amount greater than $417,000, UICCU offers Jumbo Mortgage loans with a low fixed rate and no 1% origination fee. USDA Rural Development Program UICCU is proud to offer USDA Rural Development loans for qualifying borrowers. This program provides loans for low to moderate income families in rural Iowa achieve their dream of home ownership. Up to 100% financing is available. Visit gov/ia to learn more. Virtual Home Loan Center If you prefer to do the homework yourself, use our Home Loan Center to check rates, use calculators, and even start an application. Our Rate Watch feature allows you to set a target rate and be notified by when that rate hits. It s a complete resource at your disposal. You ll find the link right on our homepage (uiccu.org). UICCU is an Equal Housing Opportunity Lender. Did you know? Unlike many financial institutions, UICCU does NOT charge a 1% origination fee on mortgage loans. That puts millions back into the pockets of our mortgage members each year.

7 Our cards charge no annual fees and offer a 25 day grace period on purchases, low non-variable rates, a cardholder friendly fee structure, and award-winning local service. We even give you tools to manage your accounts and rewards online. Simply select the card that s right for you. Platinum Rewards Mastercard Platinum Rewards MasterCard is specifically designed for members who tend to pay off their balances each month, but are regular credit card users. You ll earn points whenever and wherever you use the card. You can redeem them for a wide variety of great rewards including airline tickets, merchandise, hotels, event tickets or even cash. Non-variable rates start as low as 11.9% APR*, and we will even welcome you with an introductory rate as low as 0% for 6 months. Platinum MasterCard Platinum MasterCard is designed for members who tend to carry balances on their card and want the peace-of-mind of a non-variable rate. Non-variable rates start as low as 9.9% APR*, and we will even welcome you with an introductory rate as low as 0% for 6 months. The World Card Our elite offering, the World Card empowers you with the flexibility to explore the places and pursuits that mean the most to you. It comes equipped with reward points for purchases, and travel benefits that give you exceptional service. It is accepted at over 28 million locations worldwide; twice as many as American Express. The minimum credit line is $10,000 and minimum household income required to apply is $100,000. Black & Gold MasterCard The Black & Gold MasterCard is a variable rate card designed for members who would like a low interest rate, but are willing to accept a variable rate. Rates adjust with the Prime Rate. Transfer balances from high interest big bank cards and you won t pay a transfer fee, so you start saving right away. BONUS OFFER Platinum Rewards and World cardholders will enjoy a special incentive to begin using the card. Platinum cardholders will receive 5,000 points if they make $500 in purchases in the first 2 months. World cardholders will receive 10,000 points if they make at least $1,000 in purchases in the first 2 months. These points can be redeemed instantly for $50 or $100 cash respectively, or banked for larger rewards later. Some restrictions apply. Did you know? Our credit cards are recognized nationally for low rates and fairness to consumers. Visit to learn more.

8 UICCU provides alternatives to standard deposit products. When you meet with one of our financial management professionals, you can be assured of a personalized one-on-one analysis that s designed with your specific needs in mind. We take a value-oriented approach to meeting your needs. We ll take the time to learn about you and your financial objectives, and then offer strategies based on your input. Our process includes: Discovery Before we get down to crunching numbers, we ll talk about the things that are most important to you: family, community, pastimes, church. We ll ask a lot of questions about what you re really thinking, feeling, or worried about; your experiences with money and what you ve accomplished so far. Together we ll figure out where you are. Planning Based on what we discuss in the Discovery phase, we will assess your personal situation, gauge where you are now relative to your life goals and priorities, and consider what gaps exist. We will weigh in the financial implications of each goal we discuss and construct the framework for a plan that supports them. Strategies A benefit of holistic planning is that it provides a comprehensive view of all areas of your financial life. During this phase, we will recommend specific strategies to help match each of your goals. This is where we implement your customized plan. Monitoring Just when you make plans, life happens - and events large or small can change everything. The monitoring stage incorporates tracking systems to keep your plan on target. We ll help you plan for the unexpected, anticipate change, and adjust your plans over time, as necessary. : Asset Retirement Plan Planning Legacy Transfers Trust Securities and Advisory offered through Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser. Investments are not FDIC or NCUA insurance, are not guaranteed by the bank/financial institution, and are subject to risks, including possible loss of the principal invested.

9 It makes sense that the number one lender in the corridor also provides exemplary insurance products to help you protect your assets. UICCU exists for that purpose. As an independent insurance agency with a professional full-service staff, we can shop multiple providers to find the right coverage for your home, auto, business, or life. UICCU draws from the top companies in the industry. We are not obligated to any one company, and provide unbiased advice to meet your needs. Home For many, your home is your largest asset. That s why you need to protect it. Our professionals can search multiple providers to build a policy to protect you from a wide array of scenarios affecting your home or property. Bundling auto insurance in with home insurance can also lead to cost savings. Auto How do you prefer to get from point A to point B? Is it a car, truck, van, boat, motorcycle, or RV? No matter what your method of transportation, UICCU has the products to protect you, and multiple vehicles can lead to discounts on monthly premiums. Business Keeping your business successful is a full time job and you don t have time to be an insurance expert. No matter what business you re in, having the right insurance plan is critical. We can help you assess the insurance needs of your business and build a plan designed to protect it. Life Life insurance is offered to cover the financial effects of unexpected or untimely death. It can also be one of many ways you plan for the future. It should be a part of every person s financial portfolio, offering tremendous peace of mind to those you leave behind. An agent can help you review your insurance needs and give you information about our available policies. Learn more about these and other insurance products we offer by visiting uiccu.org and clicking on the tab. Did you know? Certain insurance providers offer additional discounts just for being a credit union member.

10 We re here for you. UICCU offers 13 locations and access to dozens of ATMs locally. Here are some key numbers and addresses to find us: Main Line or Mailing Address PO Box 800, North Liberty IA, Website Live Chat Routing Number Telephone Banking or ATM To view a complete list of our ATMs, visit uiccu.org. North Liberty Financial Center 2355 Landon Road North Liberty, IA Downtown Iowa City 500 Iowa Avenue Iowa City, IA Westside Iowa City 825 Mormon Trek Blvd Iowa City, IA Eastside Iowa City 2525 Muscatine Avenue Iowa City, IA Coralville 1151 Second Street Coralville, IA North Liberty 585 W Penn Street North Liberty, IA Southwest Cedar Rapids 2340 Edgewood Road SW Cedar Rapids, IA Downtown Cedar Rapids 716 A Avenue NE Cedar Rapids, IA Hiawatha 405 S Blairsferry Crossing Hiawatha, IA Marion 727 Oakbrook Drive Marion, IA Grinnell 705 6th Avenue Grinnell, IA Cedar Falls 3409 Cedar Heights Drive Cedar Falls, IA Davenport 3402 Elmore Ave Davenport, IA Please visit our website for hours of operation.