MONEYMATTERS SPRING EDITION - IN THIS ISSUE - University Federal Credit Union

MONEYMATTERS         SPRING EDITION

     IN THIS ISSUE
      •   COVID-19 Preparedness & Protection
      •   Annual Meeting Update
      •   Use E-Services to Manage Finances Remotely
      •   Mortgage Rates Are Dropping
      •   New St. George Branch Progress

PREPAREDNESS AND PROTECTION

COVID-19
You are an important part of the community we serve and University
Federal Credit Union is committed to protecting your health and safety.
As new precautions relating to the spread of Coronavirus COVID-19 are
impacting our daily lives of our members, we’re investing additional
resources into keeping you, your family, and your finances safe.

With guidance from Utah officials and the Centers for Disease Control and
Prevention (CDC), we are implementing additional protective measures to
reduce the potential impact of the COVID-19 virus on our community. We
are regularly sanitizing high-traffic, high-touch areas in our branches and
educating our employees on critical sanitation practices recommended by
the Utah Department of Health and the CDC.

University Credit Union can be reached via phone or live-chat.

•   Call UFCU at 801-481-8800 on weekdays from
    7am - 7pm and on Saturdays from 8am - 4pm
•   Contact UFCU online via live chat on weekdays from
    9am - 6pm and Saturdays from 8am - 4pm.

ANNUAL MEETING

2020 MEETING WILL BE HELD
ONLINE ONLY
In response to COVID-19, University Federal Credit Union’s 2020
annual meeting will be held online only via a digital conference
on April 23, 2020 at 7:00pm. Further details will be posted on
our website, visit www.ucreditu.com/annual-meeting for more
information.

ELECTRONIC SERVICES
MANAGE YOUR
FINANCES ONLINE
We’re always working to deliver the most useful digital products to help you feel
confident in your finances. With our electronic services, like online banking, online
billpay, mobile check deposit and online transfers, you can manage your finances
freely and from the comfort of anywhere you have access to the internet.

You can use your online banking by logging in at UcreditU.com or you can
download our free mobile app, UniversityCU, for easy banking from your mobile
device.

As many in our community attempt to limit exposure to highly-public areas to
reduce potential risks associated with COVID-19, where possible, we encourage
you to manage your finances remotely. You can use our online banking services or
contact University Credit Union via phone or live chat at UcreditU.com.

•   CALL 801-481-8800
    Weekdays 7am - 7pm | Saturdays 8am - 4pm
•   LIVE CHAT ONLINE
    Weekdays 9am - 6pm | Saturdays 8am - 4pm

MORTGAGE UPDATE
MORTGAGES RATES
ARE STILL DROPPING
Mortgage loan rates have been consistently low for the past several months
and, as a result of social and economic events around the world, mortgage
rates recently dipped as low as they’ve been since October 2016. During the
last quarter, we saw the housing market fluctuate with rapid rate changes and
historic drops. This March alone, rates dropped, for some buyers, to numbers
below 3%.

Though rates may rise over the next quarter, experts predict loan rates will
average around 4% through the middle of 2020 with lows around 3.7%. For this
reason, the market is not only very active for homebuyers but refinancing an
existing mortgage could save some homeowners hundreds of dollars per month.

What Does This Mean for You?

Dropping rates means qualified buyers could save hundreds dollars per month
on a mortgage payment. If you’re looking for a new home or to refinance the
home you’re in, now is the time to do it.

Because the market is so competitive, however, it remains, technically, a seller’s
market and the demand for homes currently exceeds their availability. This
means there may be intense competition for good homes on the market and, if
you find a home you love, it’s smart to strike while the iron is hot. You can lock
in a low rate and secure a home that might be rapidly off-market.

If you have questions about how you can take advantage of dropping rates, contact one of
our mortgage professionals today. We’re here to help you easily navigate the home-buying
or refinancing process.

Contact our mortgage team at 801-481-8840 or learn more at ucreditu.com/home-center/
mortgage-contact.

GROWING STRONG

NEW ST. GEORGE BRANCH
SIGNIFIES EXCITING GROWTH
Our new full-service branch, located in St. George, Utah, is on schedule
to open this summer, 2020. Opening this new branch represents healthy
and exciting growth for our credit union and the beginning of much more
growth to come. We are proud to broaden our reach and to start making a
greater impact in more Utah communities.

As our member, you are the most important part of what we do. We’re
focused on improving your financial potential and part of that includes
offering more ways and more places for you to enhance your finances.
Watch for more updates on how we’re improving the ways we serve you.

                                                         March 17th, 2020

IT’S BETTER HERE

Federal law requires us to tell you how we collect, share,        CONTACT US
and protect your personal information. Our privacy policy
                                                                  WWW. UcreditU .COM   NMLS #654272
has not changed, and you may review our policy and
practices with respect to your personal information at            801.481.8800
ucreditu.com/documents/PrivacyNotice.pdf or we will mail
you a free copy upon request if you call us at 801-481-8800.