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Apply Online For Your Auto Loan & Save
At uiecu.org, we’re ready and waiting to serve your borrowing needs, 24 hours-a-day, 7 days-a-week. For a limited time, you’ll get an extra .50% APR discount by applying for your loan online!*
Go to uiecu.org/apply today and apply for the loan that meets your needs. It’s just that simple.
Save Even More With Additional Service Discounts!
- .25% APR discount for automatic payment enrollment
- .25% APR discount for Illini Advantage PLUS Accountholders
Take advantage of all three offers for a whopping 1.00% APR total discount!
Any way you look at it, the best deals are always made at your credit union. Apply today at uiecu.org/apply!
*The Apply Online .50% APR Discount is applicable for New and Used vehicle loans including RVs. Personal loans, lines of credit, VISA, and Mortgage loans are excluded from the offer. Offer does not apply to refinancing existing UIECU Loans, and is only valid for applications received online. Other restrictions may apply. All loans subject to credit approval. Rates vary based on individual credit history, loan term, and applicable discounts. Apply Online Discount offer ends May 31, 2010.
Money Smart Week - April 17-24
 In support of Money Smart Week® 2010 Illinois, taking place April 17-24 - the Federal Reserve Bank of Chicago and its partner organizations (including UIECU) are presenting the Money Smart Kid Essay Contest, sponsored by the Illinois State Treasurer. Students in grades 5-8 are encouraged to answer the Money Smart Question for their age group with an essay of 300 words or less. Applications are available here.
Once A Member, Always A Member
UIECU has a "Once A Member, Always A Member" policy, allowing members to continue to enjoy the services of the credit union if they change jobs or move.
Keep UIECU with you, no matter where life takes you!
We Have Solutions: Furlough and Voluntary Pay Reduction
Your credit union understands that you may have unique financial needs in these challenging times. That’s why we offer customized financial solutions for every UIECU member.
Our financial solutions are open to all University of Illinois employees and their families. From furloughs to pay reductions, you know you can turn to UIECU for solutions that fit your financial needs.
Whether you need a little extra cash for home repairs, college tuition, or debt consolidation – the UIECU Home Equity Line of Credit could be just the right fit at a great rate!
Apply for a Home Equity Line of Credit and you could qualify for a fixed APR through December 31, 2010 of 3.75%* on lines of credit $75,000 and greater or 4.00%* on lines of credit less than $75,000!
So get what you need tomorrow, for a great rate today. To apply for a Home Equity Line of Credit, call 800-353-6666 or apply online at www.uiecu.org.
*APR=Annual Percentage Rate. Introductory rate offer valid for a limited time. Home Equity Line of Credit APR fixed at 3.75% on credit lines of $75,000 or greater and 4.00% on credit lines less than $75,000 until 12/31/2010. The rate will then convert to a variable rate of Prime + 0% for 80% or less Loan to Value (LTV) or Prime + 2% APR for 81%-90% LTV, or Prime + 3% APR for 91% or greater LTV. Rates are subject to adjust monthly. Maximum APR is 18.00%. Minimum APR is Prime Rate. $10,000 minimum Line of Credit. The maximum Line of Credit is $150,000. Closing costs are waived – however, if the member closes the home equity within two years, they must reimburse UIECU for all fees involved with opening the home equity. Fees may range from $133 to $400. No annual fee. Offers not valid on existing UIECU loans. Disclosure information is accurate and effective as of 3/1/2009 and is subject to change. To inquire about changes in these disclosures, call toll free 877-678-4328. Other restrictions may apply. Subject to credit approval. All term and conditions of this offer are subject to change at any time without notice. Additional terms and conditions may apply.
Call for Applications
 High school seniors are invited to apply for UIECU’s new Orange & Blue Scholarships to help pay college tuition.
UIECU believes in building strong, life-long financial relationships. Since 1932, we have proudly supported our members, their families and our community. UIECU is devoted to supporting higher education and encouraging the academic excellence of today’s youth.
The scholarships are available to members who are college-bound high school seniors and plan to attend an Illinois College or University.
Through seven one-time scholarships annually, the Orange & Blue Scholarship Program will award selected high school seniors up to $1,000 based on the college of their choice for the 2010-2011 academic year.
Deadline for 2010 submission is April 15, 2010.
The Credit Union Difference
Check out what others are saying about credit unions in the news!
Watch CBS News Videos Online
Banks vs. Credit Unions segment originally aired 12/17/09.
GAO: No CUs Referred To DOJ For Fair Lending Violations
Government Accountability Office reports that no lenders regulated by NCUA have been referred to the Department of Justice for fair lending violations, reported by CUNA.
Fed Up With Your Bank's Fees? How To Move Your Accounts
Sandra Block, a columnist with USA Today, talks about how easy it is to make the move to a credit union.
Protect Your Finances From A Credit Card Backlash
CNN Money takes you through the new credit card rules and regulations, and helps you find ways to make the new changes work for you.
The Benefits of Credit Unions
U.S. News & World Report takes you through the many benefits of belonging to a credit union.
State of the Credit Unions
Despite problems with big banks, everyday credit unions are in good shape, says Dan Mica, Credit Union National Association president/CEO, in this CNBC video clip.
The current recession has certainly made an impact on all individuals and businesses over the past 18 months. While many financial institutions have struggled, credit unions overall have been able to grow and serve their members with the products and services they need. There has been no credit crunch in credit unions - mortgage operations remain strong and credit card practices have held up to close scrutiny.
Member deposits remain safe and sound at credit unions. U of I Employees Credit Union deposits are insured up to $250,000 per member through the National Credit Union Share Insurance Fund (NCUSIF), administered by the National Credit Union Administration (NCUA).
As the credit union industry has been affected by the economy, the NCUSIF has done its job to protect the deposits of members and credit unions. Fortunately, UIECU has historically operated with a safe, sound, and conservative fiscal approach. This approach has allowed UIECU to fulfill its regulatory requirements to contribute to the strengthening of the insurance fund. This provides protection for member deposits and reinforces our commitment to our members and the credit union industry.
Regulators have issued requirements that all federally insured credit unions make additional contributions to the insurance fund to ensure all member deposits are protected. Our compliance with this requirement will eventually result in adjustments to our financial statements, the extent and timing of which is not yet known. These regulatory adjustments are not the result of our credit union’s operations and we do not believe they will have any impact on our ability to serve our membership and continue our strong growth. A more detailed outline of the impact of these requirements is available online at www.uiecu.org.
UIECU continues to experience record levels of membership, deposits, and lending. In today’s economy where financial institutions are rapidly changing, we continue to offer value, guidance, and peace of mind to our members. We are proud of our continued ability to provide financial solutions to our members during these economic times and for years to come.
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