Break up with your bank and kiss them Goodbye!
Break up with your bank and kiss them Goodbye!
We’ll make it easy.
Get $50 when you open a new UK Credit Union checking account with direct deposit and e-statements!*
* Offer good 02/01/12 – 02/29/12. Must open brand new checking account and not have existing checking account with UKFCU. Must meet membership eligibility requirements. Funds will be deposited directly into new checking account.
Sweetheart of a deal
Here’s a “Sweetheart of a deal”, if you open a home equity line of credit in February, not only will your rate be as low as 3.00% APR*, but you will be entered to win 1 of 2 romantic dinner’s for two at The Club at Spindletop Hall (valued at $100).
* Annual Percentage Rate. Home Equity Line of Credit as low as Prime minus 1.00%, with a floor of 3.00% APR. Current prime rate is 3.25% as of 01/13/12. Offer expires 02/29/12. Drawing for winners will be held 03/05/12. No purchase necessary, see branch for details. Winner has six months to redeem dinner. Other restrictions may apply. See a representative for details.
Rent or Buy?
As Mortgage Loan interest rates stay low and the price of housing nationwide continues to fall, the cost of renting a home has begun to seem less attractive than buying one.
According to Paul Diggle, a housing economist at Capital Economics, if you’re comparing the cost of owning and renting, buying a house may soon be the better choice. However, just looking at rental costs versus a mortgage ignores additional factors, such as taxes, insurance, maintenance, and the potential for housing costs to rise in the future.
You have to be willing to take the above factors, and more, into consideration when making the decision to purchase a home in lieu of renting. In addition to economic factors, other variable come into play, such as how long you intend to stay in the area, yard work (some people enjoy it, others hate it), and future size of your family.
Read the "http://bottomline.msnbc.msn.com/_news/2012/01/23/10217301-home-buying-could-soon-beat-renting">entire article.
If you’d like to discuss Mortgage Loan financing options we’d be happy to talk with you in person. Please contact us at (859) 264-4228. You can also check out UKFCU’s Mortgage Loan page.
Personal Finance for College Students
A college education does more than continue your classroom education; it also helps you branch out and mature socially and become more independent from your family structure. It should also be a time in which you begin planning for your future, such as picking a major. Unfortunately, while in college some students accumulate more debt than they are able to handle comfortably upon graduating. For the financial side of things, there’s help in the form of a Personal Finance Program for college students (link below), which can be summed as follows: (more…)
You can put lipstick on a bank, but it’s still a bank.
Not a member of UKFCU? Kiss your bank goodbye, and say hello to better banking. Already a member? It’s time to take advantage of all the benefits we have to offer. To learn more click the image below.
Do It Yourself?
While I was in the service and visiting my parents while on leave, my Mom told me about a plumbing problem that my Dad tried to fix. Turns out that somehow or other he tried to loosen some pipes and attachments that weren’t meant to be loosened (don’t ask) and managed to distort the pipes enough that a plumber, called in to fix my Dad’s handiwork asked “What (as in what creature) did this”? (more…)
UKFCU recognized with Excellence in Lending Award for Consumer Lending
The University of Kentucky Federal Credit Union was recognized at the CUNA Lending Council’s annual conference in New Orleans. The award UKFCU received recognized the credit union’s success in increasing the number of loans in its indirect loan program from 1,600 in 2009 to more than 2,600 in 2010 with an increase in loan balances from $29 million to $51 million. (more…)
Dealer AutoCash – Get $20 Shell gas card or $50 Visa Gift Card
How It Works:
Receive a FREE $20 Shell gas card by bringing this coupon to a participating dealership.
OR
Upgrade to a $50 VISA® gift card when you purchase a vehicle from a participating dealership and finance your loan with UK Federal Credit Union! Call or visit to get pre-approved before you shop or tell your dealer you want UK Federal Credit Union financing.
The dealer will fax the coupon for fulfillment and return a copy to you as your receipt. (If you do not receive your gift within two weeks, please call 888.634.4704.)
Easy Ways to Start Saving Money
Everyone (alright, most people) knows that we’re supposed to start a savings account. So how do we do that when we have more month left at the end of our money? In a nutshell, do things like:
- Have a set amount automatically deposited into a Savings account every payday. It could be a small amount or a larger amount, but start now and let it accumulate (plus receive interest).
Retirement Options
My Dad worked all his life for one company from age 17 until retirement, with a 3 year break for sailing around in the Pacific during WWII. In those days, retirement options usually meant working for yourself, or your family business, or starting and staying with the same company, large or small. Retirement income came from your own savings, from selling your business, or from a pension paid by the company you worked for, based on number of years worked, salary and other variables. Social Security, enacted in the 1930’s, was meant to be a supplemental boost to income for retirement years. (more…)