Suncoast News SUMMER 2021
In this issue: • Get Ready for Hurricane Season • Make Your Home Equity Work For You • Easy Options for Paying Your Suncoast Loans • Suncoast Can Help Make Your Summer Fun • Protect Your Finances, Identity, and Cell Phone
Get Ready for Hurricane Season Hurricane season is here so now is the time to get ready. Gather supplies, make your emergency plan, and make sure your insurance policies are ready for hurricane season.
Flood insurance covers many rising water scenarios:
Damages caused by floods are excluded from all homeowner’s insurance policies, so protect yourself this hurricane season with flood insurance from Members Insurance Center (MIC)
• Unusual rapid accumulation of runoff or surface waters
• Overflow of tidal waters
• Mudslides as a result of flooding
Learn more about flood insurance from MIC at suncoastcreditunion.com and learn more about how to financially prepare for hurricane season at suncoastcreditunion.com/blog.
• Check Out Our Free Online Financial Education Resources • Congratulations, Class of 2021! • Establishing a Financial Safety Net with STIS • Service Center News • Connect with Suncoast
Use the equity in your home to help pay for what’s important to you, whether that’s home improvements, debt consolidation, college tuition, or unexpected expenses.
Debt Consolidation
Home Improvements
College Tuition
Unexpected Expenses
• Lower interest fixed rates that last for the life of the loan • No annual or transaction fees • Suncoast will pay up to $1000 toward closing costs • Even if you don’t have a mortgage with Suncoast, we can still help you with a home equity loan
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Apply today for rates as low as % APR* for a limited time only! suncoastcreditunion.com/home-equity Credit Union membership required. Minimum deposit required for membership $5.00. All accounts and services subject to individual approval.
only. Existing Suncoast Fixed Rate Home Equity loans available for refinance or rate reduction with an additional advance of $5,000.00.
The Annual Percentage Rate APR* is effective as of June 1, 2021. 3% APR only available on 5 year loan term. Rate and terms may change at any time without notice. Terms and conditions apply. Subject to credit approval. Maximum LTV is 80% for qualified borrowers. Available for Single Family, condominium and townhome/villa properties located in the state of Florida and occupied as the primary residence
Fixed Rate Home Equity Terms are 5, 10, 15 years. Minimum loan amount is $10,000. Maximum loan amount is $250,000 Payment example $50,000 Loan, 3% interest rate and term of 5 years is approximately $899.52 payment examples do not include property taxes or insurance premiums, and the actual payment obligation will be greater. For first lien Home Equity Loans, property taxes may be required to be
escrowed. Property value must be established. Credit Union pays up to $1000 toward closing costs. Typical closing cost range between $230 and $994. Cost for appraisals and title insurance range from $350 to $1,900 depending on the loan to value and loan amount. If the loan is paid off within 25 months of the opening date, third party closing costs will be recaptured within the final payoff. Equal Housing Lender. Federally insured by NCUA. NMLS # 417636
Easy Options for Paying Your Suncoast Loans It’s easier than ever to securely pay your Suncoast loans and credit cards with our fast and easy online payment options! • Use SunNet Online Banking or the SunMobile app to pay with an internal transfer from your Suncoast account • Use Speedpay to pay online with funds from another financial institution • Use Suncoast moBills to add your digital loan statement to your mobile wallet and make payments No matter which option you choose, you’ll be able to securely pay your loans and credit cards without the wait! Visit suncoastcreditunion.com/payments to find the payment option that works for you.
Suncoast Can Help Make Your Summer Fun Get out on the water or hit the road for some fun this summer! Save money on financing options for your perfect adventure, whether you want a new or used boat, RV, or motorcycle: • Get pre-approved to help with your purchasing power • Refinance to save on your existing boat, motorcycle or RV loan from another lender* • Save money with no application fee or pre-payment penalty Visit suncoastcreditunion.com to get your summer fun started!
*Existing Suncoast loans not eligible for refinance.
Check Out Our Free Online Financial Education Resources
Protect Your Finances, Identity, and Cell Phone Meet My Club Package, the plan that is about to make your life SO much easier for less than $4 a month!
Suncoast was started by educators, so it’s no surprise that we are passionate about education. That’s why we offer our members a number of free financial education resources, like mPower, an online education program. You can begin the mPower program for free any time. Simply visit the financial elearning link located in the resources section of our website to start learning!
Congratulations Class of
• M ONITOR your identity and your credit score* • G ET COVERAGE for identity theft and cell phone protection •R ECOVER your identity if you experience identity theft** •S AVE MONEY with exclusive discount and cash back rewards Visit Suncoast.myclubpackage.com to enroll today or talk to a member advocate! *Credit Score is a VantageScore 3.0 based on single credit bureau data. Third parties may use a different VantageScore or a different type of credit score to assess your creditworthiness. **The description herein is a summary only and does not include all terms, conditions and exclusions of the Benefit described. Please refer to the actual Guide to Benefit and/or insurance document for complete details of coverage and exclusions. Coverage is provided through the company named in the Guide to Benefit or on the certificate of insurance. Insurance Products are not insured by the NCUA or any Federal Government Agency; not a deposit of or guaranteed by the credit union or any credit union affiliate.
HUGE congratulations to the graduates from the class of 2021! As the next chapter of your story begins, we’re here for you with financial services to help you live your best life. We have a ton of free resources to help you build a strong financial foundation, like money management tools, financial counseling, blog posts and online financial literacy programs. And if you need funds to pay for college, our Sallie Mae loan options are available. Whether you’re an undergrad, grad student or parent, we have loans to meet your needs. Our loans offer: • Competitive interest rates • Multiple repayment options
• No origination fee or prepayment penalty
Visit our website to find how we can help you plan for your fantastic future!
Plan for the future with professionals who put your needs first 1. G at
Stop by and visit our newest service center locations!
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Our Suncoast Trust & Investment Services team takes time to understand your unique me e l p 3. Im situation, educate you on available options, and create a financial plan that is right for you. As your needs change and grow over time, your plan can adapt as well. We design financial plans to meet your core financial needs, like savings, retirement, wealth protection, and creating your legacy. We provide a roadmap that includes your current finances, future goals, and strategies to help achieve them. We tailor our approach to your individual financial needs. Whether you’re looking for help with a specific goal or looking to design a comprehensive investment planning strategy, we’re the resource you can trust.
To request a meeting with one of our advisors please contact STIS@suncoastcreditunion.com or visit our website STIS.suncoastcreditunion.com and select Our Team to find an advisor in your local branch. Suncoast Trust & Investment Services is a marketing name used by Suncoast Credit Union. Representatives are registered, securities sold, advisory services offered through CUNA Brokerage Services, Inc., member FINRA/SIPC, a registered broker/ dealer and investment advisor, which is not an affiliate of the credit union. Trust services offered through MEMBERS Trust Company, Office of the Comptroller of the Currency. CBSI and MTC are under contract with financial institution to make their services available. Not NCUA Insured, No Financial Institution Guarantee, May Lose Value. Not a Deposit of Any Financial Institution.
FR-3627574.1-0621-0723
RELOCATED: Estero Service Center 19750 South Tamiami Trail Fort Myers, FL 33908 West Hernando Service Center 2140 Commercial Way (U.S. 19) Spring Hill, FL 34606
OPENING SOON: Fruitville Service Center 5851 Fruitville Avenue Sarasota, FL 34232
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