UCU's Main Branch has extended its hours to Monday-Friday, 9 a.m. – 5 p.m. & Saturday, 9 a.m. – 3 p.m. Our Ackerman (UCLA) Branch is now open Monday, Tuesday, & Thursday from 9:00 a.m. – 5 p.m. Our Studio City Branch remains closed until further notice.
Discover the savings!
The amount listed on your personalized savings report represents the sum of all of your individual account savings amounts. It reflects the difference between what you paid or earned in interest, fees or rebates at University Credit Union and what you may have paid or earned on average for comparable accounts at leading banks. The amounts listed are for illustrative purposes only and do NOT constitute a cash payout, dividend, or bonus.
Because we compared your personal account rates and fees against the average rates and fees of the collective leading banks, we cannot quote exact savings. Instead, the savings represent an estimate based on your personal account rate and balances. Annualized simply means that we’ve estimated your account for an entire year regardless of when you actually opened the account.
The only fees included in the calculation are recurring account maintenance fees. We did not include penalty or “occasional” fees such as overdraft fees, stop payment fees, foreign item fees, etc. UCU has very few account maintenance fees so your membership really helps you save big in the fee area.
We partnered with Informa Research Services, Inc., Calabasas, CA, www.informars.com to conduct this research. We compared market rates using financial data from September 2020. Although the information Informa provided us has been obtained from banks themselves, neither UCU nor Informa can guarantee absolute accuracy as rates can change without notice.
For assistance or help with accessing the average savings by number of accounts, please contact us.
On average, UCU Members saved $363 each last year just by having their accounts with UCU versus a leading bank. If your membership savings amount was more than that, congratulations! You’re likely making good use of your UCU Membership. But are you making the most of it? If you saved less than $363, you may not be taking full advantage of all that your membership can offer.
Our market research demonstrates that the easiest way to save more is to do more with us. We know that the deeper our financial relationship is with you, the more you save. Members with one UCU Account only saved an average of $60 annually whereas members with five accounts saved an average of $992.
Below are the average member savings amounts by account type. If your account’s savings were less than the average, we encourage you to schedule an appointment to review the membership benefits available to you.
We want to fill you in on how we calculated your estimated, annualized savings. The actual formulas vary by account type; however, regardless of account type, we used the same basic method shown below to calculate each of your account’s individual savings amounts. We then added all of your individual amounts together to calculate your total estimated, annualized savings amount. The definitions for each term are further below.
The rate benefit is the difference between your personal account rate and the average leading bank account rate.
The definition varies by account type as follows:
The fee benefit represents the difference between the average leading bank account maintenance fee for leading banks and UCU's account maintenance fee for a comparable account.