Newsletter
The most recent version of our newsletter can be viewed as a PDF by clicking on this link Winter08. Also, click here to view a PDF of our special Board of Directors Elections Voting Insert.
If you prefer to receive a hard copy of the newsletter you can stop by one of our locations or e-mail us at info@nufcu.org with your address to have us mail you an issue.
What Do Lower Loan Rates Mean For You?
(excerpt from our upcoming Spring 2008 newsletter)
Recently, the Federal Reserve has dramatically lowered rates in an attempt to stimulate the economy. This is great news for those who are currently borrowing money or who want to borrow money soon. If that's you... read on!
Home Loans
Anyone in the market to buy a new home is in a great position. It's a buyer's market and rates are incredibly low. For those with good credit, some equity, and the income necessary to refinance -- this may be a perfect time. Additionally, borrowers whose adjustable-rate mortgages (ARMs) are about to reset may get some relief. If you have questions about your current mortgage rate or are thinking of buying a home call a loan officer for more information today.
Home Equity Loans & Lines of Credit
Those who have a home-equity line of credit (HELOC) will see savings as a result of the Fed's cuts. This is because most HELOCs are tied to the prime rate, which moves with the Fed's target rate. Home-equity loans, on the other hand, carry fixed rates, so homeowners with these loans won't see a change. However, those in the market for a new home-equity-loan will find great interest rates.
Credit Cards
Variable credit-cards rates have been dropping over the past several months, this is great news for NUFCU cardholders. Don't forget, we offer free balance transfer checks if you want to switch your balance from a high rate card to your NUFCU card.
Spring Loan Sale!
The credit union currently has millions of dollars to lend to it's members so we are making this series of events even sweeter by offering our Spring Loan Sale. We're currently offering a loan rate discount of 1.00% off our already low fixed rate personal, vehicle, or home equity loan rates.
If you would like to get approved for a loan or if you want to think about refinancing a loan from another institution please call one of our loan officers at 402-472-2087 today.
