University Federal Credit Union is a member-owned financial institution established on the University of Utah campus. Since it originally opened its doors in 1956, UFCU has grown to an impressive 16 branch locations with over 90,000 members. This remarkable growth is due to the outstanding service they provide, and the business friendly environment the Credit Union has fostered over the years. Their commitment to the community has continued to be an integral part of what makes the Credit Union such an outstanding place to do business. University Federal Credit Union was founded by a small group of professors to serve the financial needs of staff and faculty at the University of Utah. Dr. Roland Stucki, Chairman of the Finance Department at the University, organized the Credit Union with 11 other members who joined him in signing the original charter back in July of 1956. The initial branch for the Credit Union was housed in the old Annex Building, but quickly grew into 4 separate locations on campus and 16 total branches located across Salt Lake and Davis counties. With all of the success that University Federal Credit Union has experienced over the years Dr. Stucki would later say, “No single person can take credit for organizing and developing the successful University Credit Union. It was a team effort, where different individuals made substantial, but different, contributions to its success.” Today, University Federal Credit Union has expanded its membership to include anyone who lives, works, goes to school, worships, or volunteers in Salt Lake County, or is a relative of someone that meets that criteria. Their commitment to the community has helped the Credit Union to grow from its original 12 professors to over 90,000 members. As a result, in 2018 UFCU achieved a new milestone when it reached over one billion dollars in assets. To better serve the business owners and entrepreneurs of Salt Lake, University Federal Credit Union has developed innovative business financing solutions for their members. With one of the strongest economies in the country, Utah has become an important destination for startups and entrepreneurial business ventures that continue to expand. UFCU immediately recognized the need for more robust business offerings in the community, and has worked diligently with local businesses to create new products tailored for expansion. University Federal Credit Union has helped a number of local companies fund their dreams through Small Business loans, Commercial Real Estate loans, Construction, and Equipment loans. As a result, they have been recognized by Best of State on two separate occasions as the Best Credit Union in Utah. More recently they were recognized by City Weekly in their “Best of State Commerce Edition” as the #1 Best Friend of Local Business and #2 Best SBA Lender. This is thanks in part to the commitment of every University Federal Credit Union employee who helps serve the local community each day by showing their members why “It’s Better Here.” Sixty-two years later, University Federal Credit Union is still proud to serve the community at the University of Utah and beyond. The small group that initially worked so hard to help support the needs of a few individuals has quickly blossomed into a substantial number of employees working together to build a more vibrant business culture throughout Utah. Their vision for helping others has made UFCU an integral part of the community, and an award-winning partner of local business.
University Federal Credit Union Press Release – HOLD RELEASE UNTIL: December 11, 2018 University Federal Credit Union’s Members Purchase 700 Pairs of Shoes for Low-Income Families Summary Paragraph: This holiday season, University Credit Union held its annual “Warm the Soles” charity fundraiser for low-income children. Charity organizers use the program to raise money and provide a new pair of shoes to underprivileged children in the Salt Lake County area. Thanks to the generous donations made by credit union members and staff this year, Warm the Soles was able to generate over $25,000 in donations and contribute 700 pairs of shoes to students at Redwood Elementary School and the Boys and Girls Club. Members of the public are welcome to contribute at any University Credit Union branch location or by visiting their website at ucreditu.com. Event Details: December 11, 2018 at 5-7 pm Redwood Elementary School 2650 South Redwood Road, West Valley City, Utah 84119
About University Federal Credit Union University Federal Credit Union is a member-owned, full service financial institution with 16 branches in Salt Lake and Davis counties. The not-for-profit organization serves more than 92,000 members with over $1 billion in assets, and contributes regularly to the community. Membership is open to all who live, work, worship or volunteer service in Salt Lake County.
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GET THE CARD THAT SANTA PUT ON HIS WISH LIST Transfer your credit card balance to University Credit Union and get 3% CASH BACK WITH NO BALANCE TRANSFER FEES for some extra cash during the holidays!
Santa already knows that University Credit Union’s Visa Rewards Card is the best card on the market! Get the Visa Rewards card the keeps on giving with up to 5x rewards on every purchase. That includes all of the purchase for gifts, décor, food, and holiday travels. Apply now and use our 3% Cash Back* offer on a balance transfer with no additional fees! Come see why Santa, and our members, know It’s Better Here! WHAT ARE THE BENEFITS OF A UNIVERSITY CREDIT UNION VISA? Every University Credit Union Visa Rewards Card comes NO ANNUAL FEE, competitively low rates, and countless additional benefits, such as:
UP TO 5X REWARDS POINTS ON EVERY PURCHASE!
5x University of Utah Campus Purchases
4x Gas
3x Travel | Costco | Sam's Club
2x Groceries | Restaurants
1x Everything Else
NOT ENOUGH? CHECK OUT THESE ADDITIONAL BENEFITS!
Auto rental collision damage – provides reimbursement for damage due to collision or theft of most rental vehicles
Travel accident insurance coverage – provides you with $250,000 coverage against accidental death or injury while traveling when you pay your fare using your Visa
Cell phone replacement insurance – pay your monthly bill with this card and we’ll replace your phone if stolen or damaged
REDEEM YOUR POINTS FOR AMAZING REWARDS! Our Visa Rewards Card program offers up to 5x rewards points on every purchase that can be redeemed toward travel rebates, airfare, gift cards, or cash awards.
BALANCE TRANSFER OFFER AVAILABLE 11/01/18 – 12/31/18 Apply today by calling our helpful credit specialists at 801-708-0345 or use our convenient online application. *Must transfer a minimum of $500. Balance must come from another institution. Total cash back cannot exceed 3% of available limit. Cash incentive allowed up to one times the loan limit for the full life of the loan. Balance transfers can only be done in branch or through the loan call center at 801-708-0345. Cash reward is treated as dividends and will be reported to you on IRS Form 1099-INT. **Your rate will be based on your creditworthiness and the loan product you choose. Visa variable loan rate is based on the Wall Street Journal prime lending rate on the last day of each month. Although there is no annual fee, other fees may apply such as cash advance fees (1.5% of the cash advance amount), foreign transaction fees (0.80% of transaction amount if in U.S. dollars, 1% of transaction amount if must convert to U.S. dollars), late payment fees, or other account fees and changes. Maximum fee on a cash advance fee is $50. For a copy of our Cardholder Agreement, click here. Visit our Visa Rewards site to view the awards catalog or to learn more about the program rules and details. "3% Cash Back on Balance Transfers" program is subject to change without notice. Promotion is currently unavailable, see website for further information on availability. Rates are variable and range from 9.99% APR to 18.00% APR. Your rate will be based on your creditworthiness. Visa loan rate is based on the Wall Street Journal prime lending rate on the last day of each month. The maximum interest rate over the life of the loan is 18.00%. Although there is no annual fee, other fees may apply such as cash advance fees (1.5% of the cash advance amount), foreign transaction fees (0.80% of transaction amount if in U.S. dollars, 1% of transaction amount if must convert to U.S. dollars), late payment fees, or other account fees and changes. Cardholder Agreement.
Tax season is just around the corner and it’s time to figure out how to use that tax return to get ready for the trip you so richly deserve. Travel plans can be stressful and expensive, but with a Visa Rewards Card from University Federal Credit Union you can plan your entire vacation right now! These 5 rarely used credit card hacks include benefits that make traveling simple and affordable.
Crimson Rewards Visa Hack #1 University Federal Credit Union’s Crimson Rewards Card offers up to 5x rewards on every purchase. This means that you can start your travel adventure faster by using your Visa Card for the things you buy every single day! Simply redeem your rewards points for the destination of your choice with purchases you already make. Whether it is 2x rewards for groceries or 4x rewards for filling your car with gas, why not be rewarded for spending money on the items you need. Otherwise, it’s just a lost opportunity to get your vacation paid for.
Crimson Rewards Visa Hack #2 Now that you have your destination in mind, continue building rewards while you travel. With your Crimson Rewards Visa Card you get 3x the rewards for most purchases on airways, hotels, and rental cars. You can be saving up rewards points for your next trip on your current vacation. What’s not to love!
Crimson Rewards Visa Hack #3 Speaking of rental cars, every visa card through University Federal Credit Union offers Auto Rental Collision Damage coverage. This gives you the peace of mind that when you rent that beautiful minivan, you are covered for damage due to collision or theft on most rental vehicles. In addition to that, Travel Accident insurance coverage is also provided in the event of accidental death or injury with up to $250,000 of coverage when you pay your fare using Visa.
See our website for more info on these great benefits. https://www.ucreditu.com/loans-credit/personal-visa-cards.html
Crimson Rewards Visa Hack #4 When you travel you always want to protect your assets, and that includes your credit card. University Federal Credit Union offers a convenient service to protect you against fraudulent activity known as CardGuard. The text alert service notifies you when your account is used for:
Out-of-State purchases
Fuel transactions
Over eight transactions in a 24 hour period
Card Not Present
International Transactions
If you receive a message and you know the purchase is legitimate, there is no need to respond. However, if the purchase is fraud, simply reply the code texted to you and the card will be blocked from any further activity. Keeping your account safe while you travel.
Crimson Rewards Visa Hack #5 Taking a road trip? Why not earn 4x rewards for filling up your gas tank! Daily drivers can appreciate the way they will earn quick rewards points from simply filling up their cars on the way to work. It’s one of fastest ways to earn rewards points without ever having to think about it.
If you don’t already have a Crimson Rewards Visa from University Federal Credit Union it’s time that you got one. Every purchase that you make can get you one step closer to the dream vacation you have always wanted to take, but never thought possible. Earn rewards for the things you buy at a faster rate with our up to 5x rewards program. Apply today and learn more about the great benefits we offer.
University Credit Union was first established to serve the financial needs of the employees, faculty, students, and alumni at the University of Utah. Over the last 60 years, the credit union has worked with the university to provide more than just banking services; they have created scholarship funds, sponsored community events, and in 2016 they donated a brand new playing field open to all students!
The new “University Credit Union Playfield” is a regulation sized soccer pitch located at the top of a three story parking structure in the middle of campus. This unique intramural field was donated as a symbol of the credit union’s ongoing commitment to Utah and the university.
President and CEO, Jack Buttars, of University Credit Union stated at the ceremonial unveiling of the field, “We are always happy to support education, and we relish our 60 years of history and tradition with the University of Utah. Creating a space where students are able to actively work together while engaging mind and body is a great way to bolster relationships as well as educational pursuits. We are proud to contribute and provide these great resources, and we feel it is a boon to the U campus and the entire Utah community.”
With more than 5,000 students participating in intramural and club sports annually at the University of Utah, the new UCU Playfield will continue to be a great resource for years to come. It is just one of the many ways that University Credit Union is committed to providing great experiences at the University of Utah.
Teaching your kids to be responsible with their money is a life skill that will serve them well into their adult years. Managing money effectively to achieve financial goals can be difficult for the most disciplined among us. At University Credit Union we want to help your little ones learn the value of saving with one simple plan.
Set a Goal – It can be easy to spend money on things that provide immediate gratification. When you were a kid and got money for your birthday, sometimes it felt like it was burning a hole in your pocket. Teaching your kids to wait and think about the long-term benefits of setting goals will help them appreciate the importance of telling their money where to go, instead of asking where it went.
Save Your Money in a Safe Place – Is your child saving money toward something bigger like college, a car, or that new video game system? It’s important to teach them to keep their money in a safe place until they are ready to spend. University Credit Union has a variety of ways for your child to save money and earn dividends through our savings and certificate accounts. Having a savings account will introduce your child to the world of finance and make it an exciting way to learn.
It’s Good to Wait – Learning patience with money is a skill that can transition to so many aspects of our lives. It’s fun for kids to watch their savings grow every time they make a deposit into their account. Remind your kids to keep track of their funds in a notebook or work with them as you process your own finances. By emphasizing the benefits of saving in a fun and engaging way, the more likely they are to save for the future. Visit one of our 16 branch locations to set up a certificate or savings account today with University Credit Union. We offer a variety of options and resources that can help your child learn more about the world of finance. Our helpful employees are invested in our members and want to provide the very best experience for your kids.
Top 10 Fraud Scams to Watch Out for! https://ucuthecrimson.com/2018/02/21/top-10-fraud-scams-to-watch-out-for/ At University Credit Union we work hard to prevent fraud on a daily basis. The significant growth in technology over the last decade has provided amazing innovations that a few creative scammers try to abuse and take advantage of hardworking people. The best way to protect yourself from a devastating scam is by learning how they operate. This list comprises 10 of the newest and less well known scams to watch out for.
1. Impersonating Government Agencies – Many of the tactics taken by scammers involve intimidating individuals out of their money. I personally have never received a friendly call from the IRS, but government employees will never demand immediate payment from anyone over the phone. The majority of scammers will try to get you to send payment through Western Union, Money Gram, or even by purchasing Visa debit gift cards and reading them the numbers over the phone. They will often threaten that a law officer is on his way over to make an arrest if they don’t receive some form of payment over the phone. Always remember that agencies, like the IRS, will make multiple requests before ever taking drastic action and that everyone is entitled to due process under the law.
2. Online Dating Scams – Online Dating Scams are some of the most vicious cases of fraud. The scammer will develop a relationship with the victim through dating apps and social media in order to cheat them out of their money. The scammer will usually say they live out of the country and want to meet in person, but that they don’t have the funds to travel. The victim will often send money and never hear from that person again.
3. Amazon/Ebay/Paypal Email Scams – This is one of the easiest scams to fall for because on the surface it looks pretty legitimate. The scammer will send an email that says your purchase has been confirmed for something the person never ordered. The scammer will often send an email from a domain name that is one character off from the actual business domain to trick the victim into replying. (Example, paypaI.com instead of paypal.com. It is hard to tell, but the first domain has a capital “i” instead of the letter “L.”) The victim will then contact the fraudulent sender and give their information in hopes of correcting the mistake.
4. Extended Warranty on Cars – Scammers love to use automated robocalls to increase the success of their scams. One of the most frequently used cases of a robocall scam is to offer bogus extended warranties on newly purchased automobiles. The caller will tell the victim that their coverage is about to lapse and that they will need to stay on the line for further information on how they can pay to increase coverage on their car. Sometimes these calls are targeted to the person’s make and model of vehicle, creating a sense of urgency that results in snap decisions by the victim.
5. Ticket Scams – There are multiple forms of ticketing scams, but one of the most prominent is through online ticket sales. The scammer will purchase a ticket for a concert or sporting event through a legitimate ticket hub online. They will then sell duplicate copies of the ticket through email using classified sites like Craigslist or KSL Classifieds. This small investment by a scammer pays dividends and leaves behind many disappointed victims.
6. Computer Performance Scams – After visiting certain websites, a popup may appear on the computer screen offering technical support for a non-existent problem, but secretly it will ask you to pay money or download malicious software. The downloaded material could also be a more dangerous form of software known as “ransomware” that will lock several important files on the computer until a large sum of money is paid to unlock it.
7. Text Message Scams – The text message scam will appear as a message from the victim’s bank or credit union asking them to reactivate their debit card by providing personal information. The uses this info to steal that person’s identity and empty their accounts. It is always best practice to check with the institution in person and report any suspicious activity so that other targeted accounts can be protected.
8. Account Compromised Scams – These scams can be through email, text, or by phone instructing the victim that their account has been compromised. The scammer will then ask for a few pieces of information to confirm the account, while they are secretly stealing the victim’s identity. Be suspicious of anyone gathering account numbers, social security, or anything else that isn’t already available publically.
9. Work from Home Scams – Scammers will offer opportunities to vulnerable people to work from home and make large amounts of money with little effort to no effort. The person providing the “business opportunity” offers to train the victim and provide materials for a minimal fee, but never delivers on their promise after receiving payment. Pyramid schemes or multi-level marketing ventures are another form of work from home scams that provide very little value to the consumer.
10. Charity Scams – Anytime there is a natural disaster or especially during times of need, scammers prey on the public’s generosity by setting up fake funds and organizations to solicit donations. This type of scam can be found on social media, craigslist, and crowdsourcing sites like gofundme. It’s always best to be wary and work with reputable organizations that can be verified through a state consumer protection office or the Better Business Bureau.
At University Credit Union we take protecting the identity of our members very serious. If you ever suspect fraudulent activity related to your accounts or identity, please contact the credit union immediately for help at (801) 481-8800 or by email at [email protected]. You can also visit our fraud reporting page here https://www.ucreditu.com/services-benefits/fraud-reporting.html