SPRING 2022
In this issue: • Helping Small Businesses Reach Big Dreams • Get the Most Out of Your Home’s Equity • Hit the Road in a New Ride • All Your Home Needs Under One Roof • Protection and Peace of Mind for Your Pet • Giving Back in 2021: Donations and Volunteerism • Protecting Members with AARP BankSafe • Celebrate Youth Month • Suncoast is Proud to be Green
Your Savings Federally Insured to at least $250,000 and backed by the full faith and credit of the United States Government National Credit Union Administration. Equal Housing Opportunity.
Helping Small Businesses Reach Big Dreams At Suncoast, we know that small businesses deserve big opportunities. That’s why Suncoast is here to support and nurture small business owners and aspiring entrepreneurs. With National Small Business Week happening May 1f7, it’s the perfect time to take advantage of our Micro Enterprise Development Program. We offer workshops and educational opportunities for small businesses. We also offer a suite of ffinancial products designed with entrepreneurs in mind. Microloans are one of the unique products that Suncoast offers to help business members get the lending they need with
non-traditional business lending requirements, like lower credit scores and less length of time in business. Our expert team helps business owners with microloans ranging from $500 up to $35,000. Funds can be used for purchasing or upgrading equipment, buying or expanding inventory, or funding new vehicles. Funds can also be used for working capital or lines of credit to support daily operations. Visit to learn more about microloans or view upcoming small business classes.
Business Member Spotlight: FYG Consulting FYG Consulting, a Suncoast Business Member, aims to strengthen your schools and organizations with consultative services and school start-up packages. They ofer professional development and business development to help others achieve their dreams. Suncoast was founded by educators in 193,4 so the educational community has always been important to us. We are proud to have provided FYG Consulting with a microloan to help them access the capital they need to grow their business.
Get the Most Out of Your Home 's Equity You worked hard for your home, and now your home can work hard for you! A Suncoast home equity line of credit (HELOC) can help if you have upcoming expenses, major purchases or home investment needs that may vary, allowing you to borrow funds over time as needed. Benefits of Suncoast’s HELOC include: • • • •
Lower competitive interest rates and flexible terms No annual or transaction fees Up to 100% Loan to Value Ratio Suncoast will pay up to $1,000 toward closing costs*
Visit suncoastcreditunion.com/home-equity to learn more or log in to your digital banking to apply today! Rate is subject to change quarterly and may change up to one half of one percent (.50%) at each change with a maximum of 2% annually. Available for Single Family, condominium and townhome/ villa properties occupied as the primary residence only. Property must be located in the state of Florida as the borrowers primary residence with homestead filed. Maximum loan amount is $250,000 if equity loan is in first position or Suncoast is the first mortgage holder. If the first mortgage is held by another lender, the maximum loan amount is limited to $100,000. Maximum LTV is 100% for qualified borrowers. Title Insurance is required on all loans where Suncoast is paying off another mortgage and/or properties that the title is in the name of a Trust or when the warranty deed or quit claim deed does not show marital status of the seller or the grantor. Applicable coverage of homeowners, flood, and windstorm insurance is required. *Suncoast will contribute up to $1,000 (Closing Costs Benefit) toward your closing costs when you select our variable rate home equity line of credit loan on your primary residence. Suncoast will not pay closing costs for discount points to obtain a lower rate or monies necessary to establish escrow accounts (taxes and insurance). If the loan is paid in full and the line of credit closed within 25 months of the first payment due date, Suncoast will collect the closing costs paid on your behalf in the payoff. The 25 month term begins with the first payment due date of the loan. Not to be combined with any other offers. 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. Equal Housing Lender. Federally insured by NCUA. NMLS # 417636
The weather is warm and the world is your oyster! So if you’re ready to cruise in a new ride, we’re here for you.
Hit the Road in
A New Ride
Whether you’re looking for a new or used vehicle, we can help you save with rates as low as 2.25% APR*. And if you have an existing loan with another lender, refinance with Suncoast to take advantage of our low rates. Log in today to apply for an auto loan or refinance! *Annual Percentage Rate effective 03/01/2022; subject to change, subject to term and credit approval.
ALL YOUR
Benefits include:
HOME NEEDS UNDER ONE ROOF
Find, finance and protect your home with Suncoast! Suncoast Realty Solutions can help you buy or sell a home. Our mortgage team has options to meet your needs and support you every step of the way. And when you need to protect your new home, Members Insurance Center has affordable coverage options. We’re your one-stop shop!
SELLER REBATE - Sell your home with Suncoast Realty, LLC and use Members Title Agency, LLC for your closing and title insurance services and get a rebate of 20% of the seller’s listing side commission
BUYER REBATE - Buy a home with Suncoast Realty, LLC and either use Members Insurance Center for your property insurance or get your mortgage through Suncoast Credit Union*, you’ll get a rebate of 20% of the broker’s commission And when you need to protect your new home, Members Insurance Center has affordable coverage options. Plus, we can help you save money with lower cost title insurance for real estate transactions with Members Title Agency, LLC.
For more information about Suncoast Realty Solutions, go to suncoastrealtysolutions.com. To learn more about our mortgages and insurance options, go to suncoastcreditunion.com. *Access to mortgages provided by Suncoast Credit Union requires membership, credit qualification, income and asset verification, as well as other requirements. Mortgage rates and products are subject to change. Visit the Suncoast Credit Union Online Mortgage Center for more information. Suncoast Credit Union is an Equal Housing Opportunity lender.
Protection
and Peace
of Mind for
Your Pet
Did you know National Pet Day is April 11? You can celebrate your sweet pets all year long with a pet insurance policy to keep them healthy. Pet insurance can help your furry or feathered family members stay healthy throughout their lives and help you save money along the way. Because you’re a member of Suncoast, you can get Nationwide Pet Insurance for a lower rate!
Suncoast members get a 5% discount on Nationwide pet insurance, so you can show your pets love and save money! Visit the personal insurance page on our website to learn more.
Giving Back in 2021:
PROTECTING MEMBERS WITH
Donations and Volunteerism
AARP BANK SAFE Nothing means more to us than keeping our members safe. That is why we are proud to be one of the first financial institutions to be recognized with the American Association of Retired Persons’ (AARP) BankSafe seal of approval. In just one year, the AARP BankSafe program has stopped more than $110 million from being stolen from the accounts of older adults.
Every time you use your Suncoast Visa Debit Card or Suncoast Rewards Visa Credit Card, we donate two cents to the Suncoast Credit Union Foundation. These funds help local children, so you help us give back to your community just by using your card. We donated more than $3.6 million to our communities in 2021, and over $36 million since the Foundation’s inception in 1990, all thanks to you! In total, 962 Suncoast employees volunteered for a total of 12,371 hours in 2021!
This distinction was awarded to Suncoast because of training efforts to empower all Member Advocates in both our service center, Member Care Center and member-facing roles with specialized training on identifying fraud and protecting members’ assets, particularly for older adults. Suncoast is proud to be a part of this effort and excited to continue to keep our members safe by preventing financial exploitation, empowering family caregivers, helping those with dementia and making banking tools and environments easier to access.
CELEBRATE Get ready, because April is Youth Month! All April long, we’ll offer special incentives, activities and giveaways for our youngest members, aged 17 and under, to celebrate. Keep an eye out on our website or inside your local branch for more information!
SUNCOAST IS PROUD TO BE GREEN Earth Day is April 22, but Suncoast shows how much we care for the environment all year long! We have more than 20 solar-powered branches and use solar power in most of our corporate offices. Our solar-powered service centers are on average 80% more energy efficient than a standard service center, which is great for the environment and saves money!