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H U E C U
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C R E D I T
If you’re a homeowner, you work hard to pay for your home. Maybe it’s time to put your home to work for you – with a Home Equity Line of Credit from HUECU. For a limited time, the Credit Union is offering an incredibly low introductory rate of 1.99% APR for the first twelve months on all Home Equity Lines1. After the introductory period, you will enjoy a rate .26% below prime (currently 2.99% APR) for the remaining life of your line.
• No annual fees
• No closing costs2
• No Pre-Payment Penalties
• Ten-year draw followed by ten-year repayment
• Variety of convenient payment options
Q UART ER
2 0 1 4
use you can
U N I O N
Prime Time for an Equity Line
You can borrow up to 80% of your home’s value with a maximum credit line of $200,000. Other benefits of an HUECU Home Equity Line of Credit include:
1ST
MGH Employees Start Boston Marathon Fund A group of MGH Blake nurses were among the many health care professionals who provided care for victims of last year’s Boston Marathon bombing.
Borrowing with a Home Equity Line offers two key advantages:
1) The interest rate will be lower – usually much lower-than what you’d pay on a credit card or personal loan.
2) The interest you pay is usually tax deductible, which further reduces the cost of borrowing.
Drawing from your Home Equity Line of Credit is easy. You can transfer the funds directly to your HUECU checking account using Online Banking or the HUECU Mobile App. You can also call the Contact Center or visit an HUECU branch to have a Credit Union representative complete your request. Visit huecu.org to learn more about what an HUECU Home Equity Line of Credit can do for you or to apply online. If you would like to speak to one of our loan experts, feel free to call us at (617) 495.4460 or visit an HUECU branch. To take advantage of the 1.99% APR introductory rate, applications must be received by June 30, 2014.
The bravery and tenacity of the victims and their families inspired these nurses to get involved. The nurses on “Team Blake” will run in this year’s marathon to raise money for a victim relief fund. HUECU was contacted to set up an account for the fund and was happy to support their efforts with a donation. The check was presented by MGH Branch Manager, Paul Conners, CEO and President Gene Foley, and Director Guillermo Banchiere. We wish you all the best of luck Team Blake!
Not a bank. A benefit.
¹ After the first 12 billing cycles the Annual Percentage Rate (APR) is variable and will be equal to the Prime Lending Rate as published in the Wall Street Journal minus .26% (currently 2.99%). Maximum APR is 18%. ² If you close the line within 24 months from date of note, you will reimburse HUECU the amount of waived fees. Adequate property and/or flood insurance may be required. Subject to credit approval. Rates subject to change without notice.
HUECU Home Buying Workshops The U.S. housing market is entering its busiest season, which can
Throughout the spring, we will hold regular home buying workshops
be an intimidating time for many first time home buyers. There’s
in a variety of locations. Dates and times are shown below.
a lot you need to know to be an educated real estate shopper.
Additional information is available at huecu.org.
Fortunately, attending a Credit Union home buying workshop will give you a great head start. Our home buyer workshops will help you answer some key questions:
HUECU also offers first time home buyers valuable discounts including, free pre-approval, reduced rate and $300 credit towards closing costs.
• Are ready to buy a home? • How much of a home you can afford? • What type of home are you looking for? • What is involved in the mortgage process? These sessions will cover many other housing related matters that will help you to make informed decisions on your way to homeownership.
Upcoming First Time Home Buying Workshops: March 19, 2014 from Noon-1:30pm 104 Mt. Auburn, Harvard Square
April 30, 2014 from 5:30pm-7:00pm 104 Mt. Auburn, Harvard Square
May 28, 2014 from Noon-1:30pm 104 Mt. Auburn, Harvard Square
March 26, 2014 from 5:30pm-7:00pm 104 Mt. Auburn, Harvard Square
May 8, 2014 from Noon-1:30pm Harvard School of Public Health
June 4, 2014 from Noon-1:30pm Harvard School of Public Health
April 2, 2014 from Noon-1:30pm 104 Mt. Auburn, Harvard Square
May 14, 2014 from Noon-1:30pm 104 Mt. Auburn, Harvard Square
June 11, 2014 from Noon-1:30pm 104 Mt. Auburn, Harvard Square
April 15, 2014 from Noon-1:30pm Harvard School of Public Health
May 19, 2014 from Noon-1:30pm Building 114, Charlestown Navy Yard
June 18, 2014 from Noon-1:30pm 104 Mt. Auburn, Harvard Square
April 23, 2014 from Noon-1:30pm 104 Mt. Auburn, Harvard Square
May 21, 2014 from Noon-1:30pm 104 Mt. Auburn, Harvard Square
June 25, 2014 from Noon-1:30pm 104 Mt. Auburn, Harvard Square
For complete details and to register online, visit huecu.org.
Earn Cash Back with Our New Rewards Card The wait is finally over! Start cashing in with HUECU’s new
To help you get started earning rewards, you will automatically
Platinum Rewards MasterCard.® It’s simple and easy and makes
receive 500 bonus points the first time you use your card.
every purchase more rewarding. You’ll earn 3%1 cash back on gas, 2%1 cash back on groceries and 1% cash back on everything else! Like all HUECU Credit Cards, the Platinum Rewards Card has no annual fee and no balance transfer or cash advance fees. Points are earned automatically and can be accessed at any time through the Card Center in Online Banking. There you can view your point totals as well as redeem your points. Cash back can be applied to your Credit Card balance or deposited directly into your HUECU account. In addition to cash back, you can redeem points for gift cards, merchandise and a host of travel related items.
For complete details on the HUECU Platinum Rewards MasterCard® and to apply online, visit huecu.org. 1. Bonus points awarded on the first $1,500 spent in the bonus categories (combined) during each quarter.
Annual Meeting 2014 The 75th HUECU Annual Meeting will be held on Wednesday, March 26th. The meeting will include the distribution of the 2013 Annual Report and presentations by HUECU’s President & CEO, Board Chairman, and Board Treasurer. Voting for the annual Board of Directors election will be held from noon until 6pm and the results will be announced during the meeting. Any member over 18 years old who joined prior to December 25, 2013 is eligible to vote. Unlike for-profit companies, HUECU’s Directors are all unpaid volunteers who give their time to represent the best interests of the entire HUECU community. Our Credit Union is governed by a 15-person board and every Director is also an HUECU member. Their role includes giving strategic direction and formulating responsible policies and procedures. They also have fiduciary
Meeting Details:
responsibility to ensure the Credit Union is financially sound.
When: Wednesday, March 26th, 2014
This year, there are seven candidates running for five open positions, including
Time:
Voting Hours: 12 noon to 6pm
four incumbent Directors running for re-election and three new candidates.
Business Meeting: 6pm to 7pm
Candidate bios and complete voting rules are available at huecu.org.
Where: The Sheraton Commander
The Annual Meeting is open to all HUECU members.
Welcome to Team HUECU Please join us in welcoming Yanira Conde to the Credit Union.
16 Garden St Cambridge, MA 02138 * Light refreshments will be served throughout the day
The New Look of Your CU News The Credit Union is happy to announce the launch of an
Yanira Conde is the newest
electronic version of the newsletter. Now your Credit Union
addition to our MGH Branch
news will only be a click away.
Teller Line. Previously Yanira
As with the paper newsletter, the e-newsletter will provide
worked at Harvard University Dining
helpful information on a variety of financial topics, as well as
Services and as a Banker
news relevant to the HUECU community. By switching to an
at Citizens Bank in Cambridge.
electronic newsletter, we can deliver richer content in an
In addition, Yanira is also currently
eco-friendly method.
completing an internship in the Events Department at the Harvard Radcliffe Institute. Welcome to HUECU Yanira. We’re glad to have you on board.
How do I sign up for the e-newsletter? An introductory e-newsletter will be sent to all members with an email address on file with the Credit Union and you will have the option to update your mailing preferences from there. To update your email address with HUECU, simply login to Online Banking and select ‘My Contact Info’ below User Options in the left-side menu.
Holiday Hours The Credit Union offices will be closed on the following dates: Monday, May 26: Memorial Day Friday, July 4: Independence Day Contact Us Phone: 617.495.4460 Email: huecu@harvard.edu Web: huecu.org
When can we expect the first e-newsletter? You can expect the first e-newsletter to arrive at the end of March. From there, each e-newsletter will arrive in your inbox at the end of each quarter. We think you’ll find the e-newsletter an excellent tool to stay up-to-date with what’s happening in the HUECU community and we can’t wait to get started. If you have any questions, you can always email us at huecu@harvard.edu.