Spring 2020 Newsletter

Plan of house with tablet sitting on top with picture of kitchen on screen

Celebrate this spring with that home improvement you deserve!

Spring is in the air and so are spring home projects. With a Fixed Home Equity Loan from USX FCU, you can use the value you’ve built into your house and turn it into a home! With no closing costs**, no annual fees, and no pre-payment fees, a Fixed Home Equity Loan from USX FCU is the perfect way to take care of upgrades and projects without breaking the bank.

HOME EQUITY LOAN
10-year fixed term
3.30% APR*
  • NO CLOSING COSTS!**
  • OFFER EXPIRES MAY 30, 2020

Get Started Today!

*APR = Annual Percentage Rate. Rates subject to change without notice. Rates based upon individual creditworthiness. Other rates and terms available. All loan approvals are subject to normal loan underwriting guidelines. Minimum real estate secured loan amount is $25,000. Applies to owner-occupied property, geographical restrictions may apply with a maximum loan to value of 80% and first lien position. Current U$X FCU Home Equity or Home Loans are not eligible for refinancing, unless an additional $10,000 is borrowed. Consult your tax advisor for potential tax savings. ** USX FCU pays all closing costs ranging from $100 to $1500 (excluding Title Insurance policy if required). See credit union for details.

Sports car driving on street

What Drives You?

New season. New ride. Get a new or used auto loan from USX FCU and drive away with a great, low rate and $150 in your pocket!**

NEW & USED AUTO LOANS
For 72 months
Model Years 2017 and Newer
2.94% APR*
  • $150 Bonus!
  • OFFER EXPIRES SOON!

APPLY TODAY!

*APR = Annual Percentage Rate. No additional discounts may be applied to rate. The lowest discounted promotional interest rate available is 2.94% APR for 72 months. Rates can change at any time. **Bonus of $150.00 will apply to loans over $30,000, one bonus $150.00 per closed loan and cannot be combined with any other offer. Loans of $30,000 or more may qualify for 73 – 84 month financing. Other rates and terms available. Current USX FCU loans are not eligible for refinancing. The rate applicable for each borrower will be based on their individual creditworthiness. All loan approvals are subject to normal loan underwriting guidelines. Offer expires May 30, 2020. See credit union for full details.

Welcome

The Board of Directors and Staff would like to welcome the following new companies, associations and their employees or members to USX FCU:

Capital Closings, LLC
InVision Human Services
Maughan Corporation, Inc.
Monroeville Chamber of Commerce
Nilkant, Inc. d/b/a Super 8 Hotel – New Stanton
Pressure Chemical Co.
Southpointe Chamber of Commerce
The Exercise Coach
Westmoreland County Chamber of Commerce

Remember if your co-workers are not yet members of USX FCU, you can get paid for introducing them to the credit union. Ask our staff how.

Annual Meeting Reminder

All Members Are Welcome!

We invite you to attend USX FCU’s upcoming Annual Meeting. This yearly event is your chance to hear about the credit union’s successes in the past year and the challenges facing it in the future. Many important decisions are made regarding your credit union at the Annual Meeting each year. You can have a say in those decisions by attending and voicing your opinion. This opportunity only comes along once a year…don’t miss out on it!

Date: Wednesday April 15, 2020
Time: 6:30 PM
Place: Cranberry Highlands Golf Course
5601 Freshcorn Road Cranberry Twp. PA 16066

Cash prizes, a giveaway and light appetizers will be served! We hope to see you there!

Money Magic - Shared, spend and save at your credit union

What kind of saver is your child? One who saves happily, or with a scowl? To find out, stop by one of our USX FCU’s off ices in April during National Credit Union Youth Month!

Financial literacy and the concept of saving money is a crucial life skill for young people, but it’s one that too few are learning. That’s why in April, USX FCU is encouraging our young members to develop healthy savings habits and providing them with Money Magic!

This year’s theme of Money Magic! Share, Spend and Save at YOUR credit union! is designed to help remind parents to make saving for the future fun and helps your kids find the joy in setting aside a little money for everyday spending and helping others.

Every saver is unique, but most people who save regularly developed the habit early in life. Learning to delay gratification in order to save for long-term goals is a crucial life skill, and one USX FCU is committed to helping our youngest members develop.

At USX FCU, we’ve created programs and services designed specifically for young people.

So stop by and get in on the action during Youth Month!

  • Youth coloring contest (see credit union for full details).
  • Join one of our Youth Clubs! To give our young members an early boost, we’ll give them their own SPECIAL interest rate of 1.00% APY* on the first $500 of savings! Plus, every new youth member under the age of 12 will receive a FREE Piggy Bank.

We offer three, age appropriate versions of our Youth Accounts!

  • Dollar Dog Kids Club® designed for ages 0 -12 to help teach early savings skills.
  • Cha-Ching!® Savings designed for Ages 13 – 17 to help teach the basics of investing, budgeting etc.
  • The Edge® Savings designed for Ages 18- 22 to provide a safe transition to adulthood.

Visit our website and use our GreenPath Financial Education Center to learn how to balance a checkbook, buy a vehicle, re-pay student loans and so much more!

By helping your child with a little Money Magic, you’ll help them soar when they’re older.

Call 888-219-3159opens phone dialer or learn more about our youth programs.

*APY = Annual Percentage Yield, rates subject to change without notice. 1.00% APY applies to balances up to $500 only and balances over $500 will earn the (Base) Share Savings interest rate. The credit union Board of Directors will review and adjust the interest rate monthly. Special interest rate applies to Dollar Dog, Cha-Ching, and the Edge youth savings accounts. Copyright 2020 Credit Union National Association Inc. Information subject to change without notice. For use with members of a single credit union. All other rights reserved.

Copyright 2020 Credit Union National Association Inc. Information subject to change without notice. For use with members of a single credit union. All other rights reserved.

Should You Care What the Financial Markets Do Each Day?

Focusing On Your Strategy During Turbulent Times.

Provided by Nathan Rodgers
Financial Advisor
Office: 724-779-4895opens phone dialer
Toll Free: 888-219-3159opens phone dialer
Located at: USX FCU, 479 North Pike Road, Sarver, PA 16055

Investors are people, and people are often impatient. No one likes to wait in line or wait longer than they have to for something, especially today when so much is just a click or two away.

This impatience also manifests itself in the financial markets. When stocks slip, for example, some investors grow uneasy. Their impulse is to sell, get out, and get back in later. If they give in to that impulse, they may effectively pay a price.

Across the 30 years ended December 31, 2018, the Standard & Poor’s 500 posted averaged annual return of 10.0%. During the same period, the average mutual fund stock investor realized a yearly return of just 4.1%. Why the difference? It could partly stem from impatience.1

It’s important to remember that past performance does not guarantee future results. The return and principal value of stock prices will fluctuate over time as market conditions change. And shares, when sold, may be worth more or less than their original cost.

Investors can worry too much. In the long run, an investor who glances at a portfolio once per quarter may end up making more progress toward his or her goals than one who anxiously pores over financial websites each day.

Too many investors make quick, emotional moves when the market dips. Logic may go out the window when this happens, in addition to perspective.

Some long-term investors keep focus. Warren Buffett does. He has famously said that an investor should, “buy into a company because you want to own it, not because you want the stock to go up.2

Buffett often tries to invest in companies whose shares may perform well in both up and down markets. He also has famously stated, “If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes.”2

In contrast with Buffett’s patient long-term approach, investors who care too much about day-to-day market behavior may practice market timing, which is as much hope as strategy.

To make market timing work, an investor has to be right twice. The goal is to sell high, take profits, and buy back in just as the market begins to rally off a bottom. But there is volatility in financial markets and the sale at any point could result in a gain or loss.

Even Wall Street professionals have a hard time predicting market tops and bottoms. Retail investors are notorious for buying high and selling low.

Investors who alter their strategy in response to the headlines may end up changing it again after further headlines. While they may expect to be on top of things by doing this, their returns may suffer from their emotional and impatient responses.

Nobel Laureate economist Gene Fama once commented: “Your money is like soap. The more you handle it, the less you’ll have.” Wisdom that may benefit your strategy, especially during periods of market volatility.3

Nathan Rodgers may be reached at 724.779.4895opens phone dialer or 888.219.3159 x.4895opens phone dialer

Mutual funds are sold only by prospectus. Please consider the charges, risks, expenses and investment objectives carefully before investing. A prospectus containing this and other information about the investment company can be obtained from your financial professional. Read it carefully before you invest or send money.

This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note – investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment.

Representatives are registered, securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC , a registered broker/dealer and investment advisor, which is not an affiliate of the credit union. CBSI is under contract with the financial institution to make securities available to members. Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution. Citations.

1 – nytimes.com/2019/07/26/your-money/stock-bond-investing.html [7/26/19]
2 – fool.com/investing/best-warren-buffett-quotes.aspx [8/30/19]
3 – suredividend.com/best-investment-quotes/ [12/5/18]

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