: yor seat is saved www.mac.com LC-2011 Prodcts for Life
2 7 11 paying for Sddenly yo re off on yor own. Yo have a 1 whole bnch of new financial responsibilities paying for tition, books, bills, room and board and yo re probably sing credit more often, or even for the first time. It s like yo ve enrolled in a crash corse for life, and it all can be overwhelming if yo don t have a helping hand. Montain America can help. From high school gradation throgh and beyond, we have the financial tools to make yor life easier.
paying for 2 Montain America Credit Union The trth is, can be expensive. First, there s tition. Then there are books and room and board. It adds p qickly. No wonder a majority of stdents are seeking financial assistance of one kind or another. Let Montain America be yor edcation-financing partner. We provide alternative stdent loans to help yo pay for. Montain America offers the following edcation loans: 63 % of all ndergradates enrolled receive some type of financial aid. 35 % 3 Montain America s Edcation Line of Credit Montain America s Edcation Repayment Loan If yo have any qestions regarding or Edcation Loans, please contact or Stdent Loan Department at 801-325-6130 or 1-800-748-4302 ext. 6130. of those ndergradates took ot stdent loans, according to the latest stdy by the National Center for Edcation Statistics.
Montain America s Edcation Line of Credit Montain America s Edcation Line of Credit Edcation Line of Credit * Prior to applying: Important facts to know: 4Montain America Credit Union Or Edcation Line of Credit will help yo finance yor edcation if: Yo do not qalify for Federal Aid or yor school doesn t offer Federal Stafford Loans. Yo re attending a trade or specialty school (aviation, aesthetician, trck driving, cosmetology, etc.). Yo re taking contining edcation classes. What happens after yo apply? We ll contact yo with a credit decision. If yo re approved, the following steps mst be taken prior to yor loan being approved: q Sbmit a School Certification Form (completed by the Financial Aid Office). Complete the Federal Stafford Loan (FAFSA) process, if applicable. Yo mst be enrolled in an eligible program at a two-year or for-year pblic or private edcation instittion, career school, trade school or other approved program. Where to apply: At yor nearest Montain America branch. The loan is in the stdent s name. A cosigner is often reqired (see below to determine if yo need to apply with a cosigner). The loan amont is determined by the total cost of edcation less any other financial aid received. Variable interest rates are based on the Prime Rate (may change monthly). Yo ll make interest-only payments while yo re still in school. Payments are de on the last day of the month. Yo mst sbmit yor grades/progress report every six months. The maximm interest-only payment term is six years (72 months). Six months after gradation or withdrawal from school, or if grades haven t been received for six months, the Line of Credit converts to the Edcation Repayment Loan (see next page for details). How do I know if I need a cosigner? Are yo: 5 q Complete the reqired Credit Matters and Money Management corses throgh or partner, BALANCE SM online at www.balancetrack.org/partners/mac/stdentloan.html. Or set p an appointment by calling 1-888-456-2227. Tell them yo re calling for Montain America s Reqired Stdent Loan Conseling Session (see ad on page 12). q Verify income verification (two check stbs or two years of tax retrns if self-employed). q Sbmit two references. A stdent loan representative will contact yo to sign yor approval disclosre. Once yo accept the terms, yo sign the loan docments at yor branch. We ll disbrse the money directly to the school. On or website at www.mac.com (mst be set p for Online Branch). Over the phone with a Service Center Agent at 1-800-748-4302 (option 2). ** On approved credit A U.S. citizen or permanent resident? q Yes q No At least 18 years of age? q Yes q No Do yo have: A satisfactory credit history that incldes at least 12 months of borrowing, charging and repaying? q Yes q No No liens, jdgments, charge-offs, excessive 30-, 60- or 90-day delinqencies on any loans or revolving charge acconts, etc.? q Yes q No Verifiable income of at least $18,000 per year ($1,500 per month)? q Yes q No If yes to all: Yo may be eligible for an Edcation Line of Credit on yor own credit. If no to any: Yo may need a cosigner to spport yor loan application. To expedite the application process, please have a cosigner with yo when yo complete yor application.
Montain America s Edcation Repayment Loan Edcation Repayment Loan** Where to apply The Edcation Repayment Loan is designed to help yo repay edcation debt. Yo can even consolidate previos edcation At yor nearest Montain America branch. College is more than jst edcation MyFree Checking 6Montain America Credit Union debt with other lenders into one easy payment. What happens after yo apply? We ll contact yo with a credit decision. If yo re approved, a Stdent Loan Representative will contact yo to set p closing at yor nearest branch. We ll send yor money by check directly to the other lending instittion(s). Important facts to know Fixed interest rate. On or website at www.mac.com (mst be set p for Online Branch). Over the phone with a Service Center Agent at 1-800-748-4302 (option 2). *On approved credit costs. There are dozens of daily expenses to consider tilities, food, transportation and, of corse, a little fn money. We offer a variety of prodcts to help yo manage yor day-to-day expenses. Visa Debit Card The Visa Debit Card 1 looks like a A free checking accont 1 is perfect for stdents since it has no balance reqirement, no service charge and yo can write as many checks as yo need. With a free checking accont, yo also get these added benefits: Free Visa Debit Card 1 Unlimited ATM deposits and withdrawals 7 The maximm loan term is 120 months (10 years) or credit card bt works like a check. Free online banking 12 months per $1,000. The fnds come straight ot of yor checking accont. Yo can Free estatements ** se it to withdraw money at ATMs or get cash back at the grocery Free Mobile Banking If yo have any qestions regarding any of or Edcation Loans, please contact or Stdent Loan Department at 801-325-6130 or 1-800-748-4302 ext. 6130. store. It s perfect for filling p yor tank or grabbing lnch at the drive-throgh. Overdraft protection 1 * *$2 monthly fee to receive paper statements
Ato Loans 1 Renter s Insrance 2 Secondary Savings It s simple to prchase or refinance If yo re renting a hose, condo or Secondary acconts are a great a new car. Or ato loans are fast apartment, make sre yor per- way to set aside savings for special and hassle-free. We ll help yo sonal property is protected. Yor occasions sch as spring break or 8Montain America Credit Union secre financing for yor new or sed car or trck at a low, affordable rate. Get preapproved throgh Montain America so yo re in a better bargaining position before yo shop. Apply online at www.mac.com or at yor nearest branch and find ot how mch yo qalify for. We can also pt yo in toch with a dealership that can finance yor car directly throgh s. Ato Insrance 2 Yo sholdn t have to pay a lot for great ato insrance. Whether yo re financing a new car throgh Montain America or jst looking for a lower rate, we have the lowcost soltion for yo. landlord or condo association s insrance will cover damage to their bilding only, not yor belongings. Renter s insrance is a relatively inexpensive way to cover yor bases. Call s today at 1-877-276-7882 for yor FREE insrance qote. Membership Savings A savings accont is the cornerstone of yor financial package, and experts recommend yo have six months of living expenses pt away. Open yor Montain America savings accont today and start saving for a hose, vehicle, vacation or whatever yor ftre holds. And while yo re at it, yo can earn higher dividends than at Christmas. This accont pays the same competitive dividends as yor membership savings and reqires no minimm balance. Montain Climber Term Deposits If yo are between 18 and 27 years old, yo can se the Montain Climber Term Deposit to get in the habit of saving long-term. Earns term deposit dividend rates, which are higher than reglar savings accont rates Minimm opening deposit of $25 Add any amont to the term deposit throghot the year (p to $3,000) One-, two-, three-, for- or five-year terms available Open yor Montain Climber Term Deposit today! 9 most other instittions.
thinking ahead: 10 No matter how mch fn may be, it can t last forever. To avoid financial strggles, yo need to start preparing for as soon as possible. 11 Montain America Credit Union For some, that means repaying stdent loans; for others, it means bying a home, raising a family or saving for the ftre. Whatever yor after- plans may be, Montain America has the prodcts and services to help yo prepare. First Time Mortgage Loans When yo re ready to by yor first home, let s help. We have a knowledgeable and dedicated staff to direct yo in choosing the right type of loan. We make the process affordable, convenient and easy to nderstand. Ask abot or First Time Home Byers Program. 1 100% financing No down payment No mortgage insrance As little as $500 ot-of-pocket closing cost
12 Balance for FREE Confidential Hor-long session to go over yor bdget and how to se credit wisely Reqired for the Edcation Line of Credit Receive nbiased information and assistance Conselors are available Monday throgh Thrsday, 6 a.m. to 9 p.m. (MST); Friday, 6 a.m. to 6 p.m.; and Satrday, 9 a.m. to 6 p.m. Montain America Credit Union Available Throgh www.balancepro.org Call 1-888-456-2227 and mention yo are calling for Montain America s Reqired Stdent Loan Conseling
SET YOUR COURSE FOR COLLEGE TODAY For more information abot any of the services listed in this brochre, call 1-800-748-4302, visit or website at www.mac.com or stop by the branch nearest yo. 1 On approved credit. 2 These prodcts are offerings for insrance. They are: not a deposit, not an obligation of or garanteed by any credit nion, not insred by the NCUA. In the case of life insrance, may go down in vale. Prchasing of insrance prodcts will not affect the extension of credit in any way. Federally insred by NCUA.