wealthE-NEWS Monthly Newsletter

February 2013

Welcome to wealthE-NEWS, brought to you by United Educators Credit Union. Thank you very much for your interest in this service! Our goal through this monthly newsletter is to keep you updated on consumer tips and money management information, as well as credit union news and announcements.

We welcome any feedback you may have - please feel free to contact us at anytime by replying to this email. wealthE-NEWS is free and permission-based; if you have received it by mistake, wish to discontinue receiving it, decided to change your e-mail address or personal preferences, simply click the link provided at the very end of this message.

Thanks!

CONTENTS:

MONEY MANAGEMENT

Co-Signing is Serious Business
Did You Know? - Tax Help
February Tip of the Month

WHAT'S NEW CU?

Facebook Page
Tradition Mortgage
Visa Balance Transfer Promotion
Upcoming Holiday Hours

MONEY MANAGEMENT

Co-Signing is Serious Business

When you co-sign a loan, you do more than just help someone you care about: You take a risk that a professional lender wouldn't take. As co-signer you guarantee that if the borrower fails to make payments, you'll make them. In some states, if the borrower misses a payment, the lender can immediately collect the debt from the co-signer without first trying to collect from the borrower. If you don't repay, the lender may sue you for payment.

Although you may feel like a third party to this transaction, that's not the case: You are the borrower. Should the primary borrower default, your credit record could be damaged and any property designated as collateral, collected. Don't forget that even if the borrower makes timely payments, the fact that you're liable for the active loan could hinder your chances of being approved for other credit because it will be included on your list of debts.

If, after careful consideration, you decide to co-sign, stay in touch with the borrower to make sure he or she makes timely payments and request the lender notify you in writing if the borrower neglects a payment. Get copies of important papers such as the loan contract, the Truth in Lending Disclosure Statement, and warranties. Find out if there are any additional co-signer rights in your state. The people at United Educators Credit Union can answer any questions and concerns you have about co-signing.

© Copyright 2008-2012 Credit Union National Association Inc. Information subject to change without notice. For use with members of a single credit union. All other rights reserved.

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Did You Know?

Don't fret over tax season, UECU is here to help! We've collected resources for you to make it easy. Click here for our tax resource center.

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February TIP OF THE MONTH:

Are you going to be shopping at the spring auto, boat and RV shows coming up? Don't forget to get pre-approved before you go!

Click here to apply for a loan today!

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WHAT'S NEW CU?

Facebook Page - Coming soon!

UECU will be on Facebook mid-February. Watch for our page and "like" us to get updates and money tips.

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Tradition Mortgage

With mortgage rates still at a 50 year low...Now is a great time to refinance your existing loan or purchase a home!

We are excited to announce we have partnered with Tradition Mortgage in order to expand our options in mortgage financing. Since 2000, Tradition Mortgage has proudly been the Education Minnesota ESI sponsored mortgage services provider. Tradition has successfully worked with thousands of union members to provide full service mortgage products, services and sound advice. Independently owned, Tradition Mortgage has the ability to search out the most competitive and appropriate loan options for you. As a Minnesota mortgage company, they know the real estate market here, unlike many of their national, out-of-state competitors.

For more information on our partnership with Tradition Mortgage or to apply online, click here.

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Is Credit Card Debt Breaking your Heart?

Is Credit Card Debt Breaking your Heart?

Mend your heart and transfer your high interest balances to UECU VISA® Platinum card and receive 6.99% APR* on Purchases and Balance Transfers until March 2014! Both purchases and balance transfers made before March 31st will stay at this reduced rate. With no annual fee, no balance transfer fee, and ScoreCard Reward® points Third Party Website, you'll fall right back into love with your new Visa.

Current Visa Cardholders, click here for your Balance Transfer Packet. Or, contact us for additional information today!

*APR means Annual Percentage Rate. Purchases and balance transfers made through March 31, 2013 will receive the promotional rate of 6.99% APR. The promotional rate is valid until March 31, 2014. After this day, any remaining balance will revert to the current variable APR. The balance transfer will show on your statement as a cash advance. Payments received will be applied first to fees, finance charge, promotional transferred balances and then any outstanding UECU credit card balance. Minimum amount of balance consolidation = $100. Please refer to the UECU VISA® Agreement & Truth in Lending disclosure for a complete description of how finance charges are calculated. This offer does not apply to balances owed or transferred from existing United Educators Credit Union debt(s). All loans are subject to credit approval.

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Holiday Hours

Closed all day President's Day - February 18th, 2013

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wealthE-NEWS is a monthly, permission-based publication of United Educators Credit Union sent only to those who have requested it. If you have received it by mistake or wish to discontinue receiving it, please click on the link at the very end of this message. Your subscription is free and you may discontinue it at any time. Feel free to print and distribute wealthE-NEWS as you wish. Please consider forwarding this newsletter to any others who may be interested. If you receive this update as a sample or from a third party, you may sign up to continue receiving it by clicking here.

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