Winter 2014
A publication of the University of Michigan Credit Union
Ca$h Back aMAIZEment!!
From January 1st – March 31st, transfer your existing balance from another financial institution onto a UMCU Visa Platinum OptimUM or Visa
Platinum Cash Rewards card and receive $100 on balance transfers of $2,500 and $200 on balance transfers of $5,000 or more. Take
advantage of these aMAIZEing benefits:
•
Apply for a Visa Platinum OptimUM and when you’re approved you’ll receive an amazingly low rate of 8.99% A.P.R.!
•
Apply for a Visa Cash Rewards and when you’re approved you’ll receive a 1.10% annual cash back bonus and a great low rate of
12.99% A.P.R.!
•
$100 bonus when you transfer a balance of $2,500 from another financial institution onto one of these great cards!*
•
$200 bonus when you transfer a balance of $5,000 from another financial institution onto one of these great cards!*
•
No annual fees!
•
No balance transfer fees!
Apply online at umcu.org, by calling 734-662-8200, or by visiting any UMCU branch today!
*APR=Annual Percentage Rate. Offer of $100 and $200 cash bonus applies during the promotional period of January 1, 2015 until March 31, 2015 for
balances transferred from another financial institution, with no balance transfer fee. The $100 or $200 cash bonus will be paid into the savings account
at the beginning of the month, 6 months following the promotion end date. In order to be paid the cash bonus, the transferred balance cannot be
transferred to another financial institution until after 6 months. Account must be open and active at the time of bonus. One cash back bonus per
member. Offer subject to credit approval.
More Locations to Serve You
We are excited to announce that on December 15, 2014, UMCU received approval to build our newest branch that will be located on South
State Street in Ann Arbor. This newer location will replace our branch currently located at 305 E. Eisenhower. The new State Street location will
offer a more convenient location with an open and warm atmosphere, drive thru service, an upgraded branch layout including self-serve kiosks,
and a community room that will be used to host our free financial education classes and workshops. This new location will add to the South
State Street landscape.
We are also thrilled that we will be bringing our aMAIZEing products and services to the students, faculty and staff on the campuses of the
University of Michigan-Flint and Washtenaw Community College. A UMCU virtual branch will be placed on both campuses in early 2015. The
virtual branch will allow our members to transact business in a self-service style, yet provide one-on-one access, when needed, with one of
UMCU's Contact Center Representatives. Members will also be able to take advantage of our full range of services including opening
accounts, applying for loans and signing loan documents, all through our secured site.
This is a fantastic opportunity to fully serve our UM-Flint and WCC members through the use and ease of technology.
UMCU Gives Back
It’s the most wonderful time of the year…. so the
thought of a child waking on Christmas morning without
a gift to open weighed heavily on the minds of our
employees. How can we make a difference? Toys for
Tots! UMCU staff and members joined together to
bring the gift of Christmas to some boys and girls of
Washtenaw County. Toys for Tots boxes were placed
at each branch office to gather toys while UMCU staff
gave cash donations and held a jeans week to raise
additional funds. Over $2,100 was raised to purchase
new toys for the tots.
UMCU staff also spent two days helping parents at
C. S. Mott Children’s Hospitals Holiday Store.
UMCU staff participated over the two day event by
providing assistance for parents looking for the perfect
gift for their children or by wrapping the gifts. “As the
grandmother of a special needs child that has spent
many days, weeks and a two month stay at Children’s
and UM Hospital, I know from our family’s experiences
the comfort and appreciation the family and patient’s
feel from the kindness of others. The parents were all
amazed at receiving the gifts from the hospital and they
were over the moon that we giftwrapped them. My four
hours wrapping gifts yesterday were some of my best moments this holiday season and I was very glad to be a small part in helping to
add a little happiness to someone’s day.” - Betty Schmitt, UMCU employee.
The gifts, although not wrapped perfectly, were wrapped with a whole lot of love by UMCU staff and other volunteers.
Certificate and IRA Rates
New & Used Vehicle Rates
Rates as of December 1, 2014
Rates as of December 1, 2014
$500 Minimum Deposit
Term
APR Range*
Up to 36 months fixed
2.24% – 11.99%
37 – 48 months fixed
2.24% – 11.99%
49 – 60 months fixed
2.24% – 11.99%
61 – 72 months fixed
2.49% – 12.99%
73 – 84 months fixed**
2.99% – 14.24%
$10,000 Minimum Deposit
Term
Certificate
APY*
IRA APY*
Certificate
APY*
IRA APY*
6 month
0.10%
0.10%
0.20%
0.20%
12 month
0.20%
0.20%
0.30%
0.30%
24 month
0.50%
0.50%
0.60%
0.60%
36 month
0.65%
0.65%
0.75%
0.75%
48 month
0.90%
0.90%
1.00%
1.00%
60 month
1.51%
1.51%
1.61%
1.61%
*APR is Annual Percentage Rate. Specific
rates determined by credit history, term, and
service relationships with the credit union.
Additional rates and terms available.
**Some credit restrictions apply.
*APY is Annual Percentage Yield. Rates are subject to change. Interest is paid and
compounded monthly. There are interest penalties for early withdrawal.
There are higher rates for Certificate and IRA minimum deposits of $100,000
and above.
Box Scores
As of date: November 30, 2014
Assets
NOTE: Call 734-662-8200 or visit umcu.org for the most
current rates. Rates are subject to change.
Members
$573,006,643
63,495
UMCU's 60th Anniversary Winners!
Over the past year UMCU gave away $36,000 in cash to our members in
celebration of our 60th anniversary. From March to December, two new members
and two existing members each won $600.
“When my local Savings and Loan merged with the University of Michigan Credit
Union some years ago, I was apprehensive about continuing with my banking. I
want to let you know just how glad I am I stuck with them. Whether it has been
loans or just a daily banking transaction, there has ”always” been one of the most
helpful, pleasant and informative customer service [representatives] I have ever
dealt with, bar none.” – Steven Culver, October Winner
“I was unexpectedly, crazily and insanely surprised when I received an email from
University of Michigan Credit Union yesterday. Yes! Out of the blue (and maize) I
won $600 from UMCU. Wow! I can only thank you guys for making my upcoming
Christmas holiday absolutely exciting.” – Hina Illahe, July Winner
“I am a member for life! U of M Credit Union has consistently provided the
best customer service! They handle everything, my account transactions, loan
applications, all with so much professionalism. Although I have moved from the
area, I won't change for this reason, so I use the mobile app. Thanks so much.”
– Carla Moore, May Winner
At the end of December two members won $6,000 each and will be featured in our
2015 Spring MemberGuide. Congratulations to all our winners!!
Thank you to all UMCU members for allowing us to serve you for 60 years!
Sponsored Events
Dig In with UMS
UMCU is proud to sponsor Dig In event
held by the University Music Society
(UMS). UMS brings performing artists from
all over the world to perform right here in
our own backyard. Dig In with UMS is a
ticket package that includes a great seat
at the performance, exclusive access to
a pre-show dinner featuring food from
the artist’s region of the world, and a
fun activity to get you thinking about the
performance in a whole new way. Student
tickets are available by visiting: http://ums.
org/tickets/students#sthash.fPnW9Dfs.dpuf
Rotterdam Philharmonic Classical Music Trivia & Frites
Thursday, February 19th
Dig In: 5:30 - 7:00 p.m.,
UM Alumni Center (200 Fletcher Street)
Performance: 7:30 p.m.,
Hill Auditorium (825 N. Fletcher Street)
Kyle Abraham Hip Hop Candy Mountain
Saturday, March 14th
Dig In: 5:30 - 7:30 p.m.,
UM Alumni Center (200 Fletcher Street)
Performance: 8:00 p.m.
Power Center (121 Fletcher Street)
You Can with TurboTax®
This year, accomplish something you never
thought possible – do your own taxes. With
TurboTax®, you can be confident they’ll be
done right. Plus, UMCU members can save
$5 on TurboTax Federal Deluxe edition. Start
today by visiting umcu.org and get your
guaranteed maximum refund!1
1 Maximum (Biggest) Refund Guaranteed or Your
Money Back: If you get a larger refund or smaller tax
due from another tax preparation method, we’ll refund
the applicable TurboTax or SnapTax federal and/or
state purchase price paid. TurboTax Online Federal
Free Edition customers are entitled to payment of
$14.99 and a refund of your state purchase price
paid. Claims must be submitted within sixty (60) days
of your TurboTax or SnapTax filing date and no later
than 6/15/15. Efile, Audit Defense, Ask a Tax Expert,
Refund Transfer and technical support fees are
excluded. This guarantee cannot be combined with
the TurboTax Satisfaction (Easy) Guarantee.
© 2014-2015 Intuit Inc. All rights reserved. State filing
charges apply. Limited time offer for TurboTax 2014.
Terms, conditions, features, availability, pricing, fees,
service and support options subject to change
without notice. Intuit, TurboTax and TurboTax Online,
among others, are registered trademarks and/or
service marks of Intuit Inc. in the United States and
other countries. Other parties' trademarks or service
marks are the property of their respective owners.
Member Education Seminars
UMCU is excited to offer you more educational seminars this winter. To register
for these free seminars, visit umcu.org. All seminars are held at our 4440 Jackson
Road branch!
Top Ten Investment Themes for 2015
UMCU will present its 4th Annual Wealth Management Seminar, ”Top Ten
Investment Themes” for 2015. Financial Advisor, Jay Hokanson, will host this
free workshop along with returning special guest speaker, J. Robb Allen of
Eaton Vance Management, who will discuss Eaton Vance's outlook on the global
markets as we move into 2015. As always, a light dinner will be provided!
Holiday Closings
Martin Luther King, Jr. Day
All branches will be closed on
Monday, January 19th in observance of
the Martin Luther King, Jr. holiday.
Wednesday, January 21st, 6:00 p.m.
Prevent ID Theft
Learn about strategies to help you avoid becoming a victim of a fraud or scam
by familiarizing yourself with some recent and common schemes. Learn how to
protect yourself through monitoring your bank statement, checking your credit
report and by shredding sensitive documents.
Saturday, February 7th, 10:00 a.m.
Understanding and Improving Your Credit Score
Gain control of your credit score and understand how it can affect your future.
Find out what credit reports are and what you can do to improve them. Learn
differences between the FICO score that lenders use and the VantageScore
consumers get through credit scoring companies.
Saturday, March 7th, 10:00 a.m.
Visit our Branch in Ypsilanti!
As a member of the University of Michigan Credit Union, you can
now visit our Ypsilanti branch, named: EMU Financial located at
761 Jenness Street in Ypsilanti, near Eastern Michigan University
between Jarvis Street and St. Johns Street. This branch is open to
serve you!
Lobby
Drive Through
Monday – Thursday
9:00 a.m. - 5:30 p.m.
Friday
9:00 a.m. - 6:00 p.m.
Saturday
9:00 a.m. - 2:00 p.m.
8:30 a.m. - 6:00 p.m.
8:30 a.m. - 6:00 p.m.
9:00 a.m. - 2:00 p.m.
Office Locations
ANN ARBOR
E. William Branch
333 E. William
Located between Fifth Avenue and
South Division
Ann Arbor, MI 48104
Eisenhower Branch & Drive-In
305 E. Eisenhower
At S. Main Street in Burlington III
Office Center
Ann Arbor, MI 48108
Jackson Road Branch & Drive-In
4440 Jackson Road
Ann Arbor, MI 48103
Michigan Union Branch
530 S. State St. – Lower Level
Ann Arbor, MI 48109
Important Phone Numbers
North Campus Pierpont Commons Branch
2101 Bonisteel – Suite 1212
Ann Arbor, MI 48109
Plymouth Road Branch
2601 Plymouth Road, Suite C – Traver Village
Mall
Ann Arbor, MI 48105
Member Service Phone Center:
734-662-8200 or 800-968-8628
TellerPhone: 734-662-2533 or 800-96-TOUCH
After Hours Lost/Stolen Visa:
800-991-4965
DEARBORN
University of Michigan – Dearborn Branch
4901 Evergreen Road – 1197 University Center
Dearborn, MI 48128
YPSILANTI
Eastern Michigan University Financial
761 Jenness Street
Ypsilanti, MI 48197
Federally
Insured by
NCUA