SUMMER 2015
HAIL ZERO!
Tackle those high interest rate credit cards today! Transfer your balance to a University of
Michigan Credit Union (UMCU) lower interest rate card and start saving today! From now
until August 31, 2015 when you transfer the balance(s) of your credit card from another
financial institution onto the aMAIZEing University of Michigan Credit Union Visa Platinum
card, you will receive 0% interest for the first 6 months, with no balance transfer fees!
*Offer of 0% interest rate for 6 months applies during the promotional period of June 1, 2015 until August 31, 2015
for balances transferred from another financial institution, with no balance transfer fee. The 0% interest rate for 6
months applies to balances transferred from another financial institution. Once the promotional period ends, the
interest rate will adjust to a rate of 8.99% APR to 12.99% APR. Actual rate will depend on the Visa card program
selected. Offer subject to credit approval. APR=Annual Percentage Rate.
UMCU Sponsored Events:
University of Michigan Ann Arbor:
•
•
•
•
Dance Marathon at UM
North Campus and Michigan Union
Survival Breakfast
Softball Academy
UM Development/Micah Smiles
rATES
University of Michigan Dearborn:
•
Women’s Basketball Camp
University of Michigan Flint:
•
Dick Horning Faculty/Staff Golf Outing
New & Used Vehicle Rates
As of June 29, 2015
Term
APR Range*
Washtenaw Community College Foundation
Women’s Council
Up to 36 months fixed
2.24% – 12.24%
37 – 48 months fixed
2.24% – 12.24%
Ann Arbor Ypsilanti Chamber Grub Crawl
49 – 60 months fixed
2.24% – 12.24%
61 – 72 months fixed
2.74% – 13.24%
73 – 84 months fixed**
3.24% – 14.49%
826 Michigan - Give Local Campaign
American Heart Association Heart 5K Walk/Run
Burns Park Run - Give Local Campaign
Growing Hope - Ypsi Market Place
Box Scores
As of June 29, 2015
Assets
Members
Member Education Seminars
UMCU is excited to offer you more educational seminars this summer.
To register for these free seminars, visit umcu.org and click on Classes & Events.
All seminars are held at our 4440 Jackson Road branch.
$644,914,703
71,449
*APR is Annual Percentage Rate. Specific rates
determined by credit history, term, and service
relationships with the credit union. Additional rates
and terms available. Rates subject to change.
**Some credit restrictions apply.
University of Michigan Credit Union
(Fee Schedule)
As a non-profit financial cooperative, we believe all members have a responsibility to share reasonable costs. Fees are charged to members
using specific services, rather than the total membership incurring the costs. The following is a list of current fees and related services.
Account/Activity
CHECKING ACCOUNTS
Basic Checking
Fee
CREDIT CARD FEES
No monthly fee
Interest Checking Monthly Maintenance
(no monthly maintenance fee with a minimum daily balance of $500)
$8.00
Courtesy Pay
$30.00
Non-Sufficient Funds
(each time check or preauthorized withdrawal is presented)
$30.00
Overdraft Protection
(preauthorized transfers from savings, checking, Visa or Line of Credit)
$2.00
Stop payment (per stop requested)
Please note that a stop payment made using TellerPhone (telephone
teller) or MemberNet online banking is valid for two weeks. Before the
two-week expiration date, you will receive a form from the credit union
that you can use to authorize an extension of the stop payment. You need
to sign the form and return it to UMCU.
$30.00
Temporary Checks (4)
$2.00
None
Balance Transfer
No charge
Cash Advance
No charge
1% of each
transaction amount
in U.S. dollars
Foreign Transaction
Non-UMCU/Non-CO-OP Network ATM Transaction
$2.00
Overdraft Protection
$2.00
Late Payment
Up to $35.00
Over-the-Credit Limit
None
Replacement Card
VISA & ATM FEES
$5.00 for each card
Sales Draft Copy
$10.00
Statement Copy
$5.00
Account Research
CU24 ATM, Visa Check (Debit), Visa Gold (Home Equity), Visa Credit Cards
$30.00 per hour
Expedited Phone Payment
CU 24 ATM Card (initial card)
$5.00
Replacement Card
$5.00
Non-UMCU/ Non-CO-OP Network ATM Transaction
(fee waived for 4 transactions per month for accounts in good standing.
All transactions free for CU+ accounts in good standing. Additional
surcharge fees charged by non-UMCU owners may apply.)
$2.00
Foreign Transaction
(transaction in foreign currency or with foreign merchant)
Annual Fee
1%
Visa Credit Late Payment
up to $35.00
Visa Gold Late Payment
$28.00
Expedited Phone Loan Payment
$10.00
Sales Draft Copy
$10.00
$10.00
MISCELLANEOUS
Inactivity Fee (waived if aggregate balance is over $100 and/or
activity on any share or loan on the account within the last 6 months)
Account Closing (if closed within first 90 days)
$10.00
Account Research
$30.00
Bill Pay Expedited Payment
$9.95
Cashier's Check
$4.00
$1 per $100 over
$1,000
Coin Orders
$0.10 per $100 over
$5,000
Currency Orders
Deposit Item Returned
FOREIGN ITEMS
$5.00 per month
$12.00 per item
$15.00
Document / Item Copies (Account History, Statement, Checks)
$5.00
Foreign Currency Sales (plus applicable shipping fee)
$8.00
Garnishment/ Levy
$75.00
Foreign Item Deposit (plus applicable collection fees)
up to $20.00
Holiday Savings Withdrawal (excludes transfer on November 1)
$5.00
Money Market Monthly Maintenance (no monthly maintenance
fee with a minimum daily balance of $2,000)
$5.00
Foreign Currency Deposit
LOAN FEES
Expedited Phone Loan Payment
$10.00
Late Loan Payment
$25.00
Lien Verification (per month after 45 days)
$75.00
Loan Payment Returned
$30.00
Refinance of UMCU Loan
$75.00
Paper Statement
Pre-Escheats
Incoming Wire
$10.00
Domestic Outgoing Wire
$25.00
International Outgoing Wire
$45.00
$50.00
Signature Guarantee Service
$5.00
Stop Payment (per stop requested)
$30.00
Traveler's Checks
Visa Gift Card
WIRE TRANSFERS
$1.00 monthly
1.5% of sale
$5.95
($5.95/$7.95 online)
ACH FEES
ACH Non-Sufficient Funds
$30.00
ACH Overdraft Transfer
$2.00
ACH Stop Payment
$30.00
Federally Insured by NCUA