SUMMER2014

T h e N e w s l e t t e r f o r M e m b e r s o f U n i t e d T e l e t e c h F i n a n c i a l F e d e r a l C r e d i t U n i o n

United Teletech conducts U-Prosper Reality Fair at Monmouth Regional High SchoolOn May 30, 2014, United Teletech Financial sponsored a U-Prosper Reality Fair at Monmouth Regional High School. Over 250 students participated in the event staffed by teachers and credit union volunteers. A reality fair is a fun, hands-on way for students to learn about managing personal finances and the benefits of joining a credit union.

Students select a career and are given a commensurate salary and credit score. The students then visit various stations to purchase things they would need in the real world: housing, car, food, etc. The goal is for the students to meet all their monthly obligations, while still having some money left over to save for the future.

If you’d like to learn more about holding a free U-Prosper Financial Reality Fair at your high school or company, visit utfinancial.org/u-prosper-reality-fairs.

United Teletech Financial offers these Financial Reality Fairs free of charge to interested high schools, companies, and organizations. Financial Reality Fairs are just one facet of the larger U-Prosper program, which strives to bring financial education and security to everyone in our community.

At United Teletech Financial, we understand that you may have put off your home

improvement projects because you don’t have a lot of equity - but don’t worry. We

have developed new home equity loan products that can handle most low equity

situations.

• Terms up to 120 months

• Combined loan-to-value (CLTV) up to 105% of home appraised value*

• Fixed terms and rates

• Call us today: 866-462-5532

No Equity? No Worries. We can help!

*We’d Like You To Know: Loan proceeds may not be used to refinance any existing loan with UTF. Home may not be currently listed for sale or previously listed in past 6 months. Offer is subject to change without notice.

Partnership with Ray Catena

How does theprogram work?

1. Get an auto loan preapproval by calling

866-462-5532.

2. Make an appointment to test drive the car of your

dreams.

3. Bring your preapproval letter to your test drive and

view your member only pricing.

4. Close your loan and enjoy your new car.

Labor DayMonday, September 1, 2014

UTF is proud to announce our partnership with Ray Catena Automotive Group. With this program, United Teletech members have access to special pricing at all Ray Catena dealerships. Their dealer network consists of 13 dealerships in New Jersey, and 3 dealerships in New York. As an added bonus, we’re offering no payments for 90 days. There has never been a better time to get a new car!

Get the car you want, without mom or dad.

First Time Auto Buyer Program

Holiday Closings

• Terms up to 72 months

• Fixed rate

• Sound financial advice

No co-signer required

Call 866-462-5532

You’ve done everything you’re supposed to do: you went to school, put in the hard work, finished your degree, and got your first job. Unlike the big banks that still treat you like a kid, United Teletech Financial recognizes that buying your first car is a big step towards the independence you’ve worked hard for. That’s why we created the First Time Auto Buyer Program that allows you to get an auto loan on your own - without mom or dad co-signing.

Car Buying Tips

The car buying processBuying a car is exciting, potentially stressful, and often expensive. In fact, for many people, buying a car is the third most expensive type of transaction they have – after a house and an education. To make the process easier, consider that there are three parts of the process – choosing the car you want, negotiating the purchase, and paying for the car.

Choosing the car you want and can affordWhether you decide to buy a new or a used car, be sure to do your homework. Along with considering the creature comforts of the car and whether you like it, you should also investigate the reliability of the car and the costs to drive it. Be sure to take every car you are considering for a test drive.

Negotiating the purchaseThis is the most stressful part. You will be spending a considerable amount of money and car sales people are notorious for their aggressive sales techniques. Always remember that you are the customer and that there are many car dealerships that would love to have your business.

Do your homework and be prepared before you walk into an auto showroom. When you are ready to buy, you should come with facts, and there is no better place to get those facts than the Internet. Do not be afraid to take printed copies of competitive pricing and show them to the sales person.

Paying for the carAlthough paying for your car is the last step in the purchase process, it is a good idea to secure financing at your credit union before you walk into the showroom. That will be one less thing to distract you during the test drive and negotiation process, and will help you stay within your budget.

Be sure to fully understand all the details before you sign any documents.

The new or used decisionThis is usually a matter of your preference and what you can afford. New cars are nice and usually come with a warranty that covers unforeseen expenses, but they are more expensive. If you are considering a used car, be sure to do some extra homework on the particular car you are considering. Have a qualified mechanic inspect the car and you may want to get a Vehicle History Report (websites like www.Carfax.com offer these reports) to learn if the car was ever stolen, salvaged or recalled. The report will also provide information on the number of previous owners, whether it ever failed an inspection or if someone tried to modify the odometer.

Smart Money.Now with Mobile Deposit.

• Transfer money• View recent activity • Pay other people with popmoney• Pay bills• Deposit checks using your phone

Manage your money by using your smartphone.

Congrats Grads! UTF High School Students Awarded Scholarships.

There were over 240 applicants to this year’s Youth Involvement Board (YIB) Scholarship Program. Scholarships were

available to all high school seniors who are members in good standing of NJCUL-affiliated credit unions. Winners were

judged on scholastic achievement, extracurricular and community activities, teacher references and leadership qualities.

UTF and the New Jersey Credit Union League announce winners of 2013-2014 Youth Involvement Board (YIB) Scholarship Program.

$1,000 award winner:

• KassieKluinofEatontown Kassie will soon be attending Brookdale Community College.

$500 award winners:

• MadeleineParkes Attending Ithaca College this fall.

• GokulMukunda Attending Princeton University this fall.

Winners include:

TINTONFALLSATM, open access

205 Hance Ave. Tinton Falls, NJ 07724

Ph.: 732.530.8100 Fax: 732.530.2027

Lobby HoursMon–Thur: 9 a.m.–4 p.m. Fri: 9 a.m.–6 p.m. Sat: 9 a.m.–Noon

Drive-Up HoursMon–Fri: 8 a.m.–6 p.m. Sat: 9 a.m.–1 p.m.

MARLBOROATM, open access

67 Highway 9, Unit 4 Morganville, NJ 07751

Ph.: 732.530.8100 Fax: 732.536.1847

Lobby HoursMon–Thur: 9 a.m.–4 p.m. Fri: 9 a.m.–6 p.m. Sat: 9 a.m.–Noon

NEPTUNEATM, open access

3636 Highway 33 Neptune, NJ 07753

Ph.: 732.530.8100 Fax: 732.922.1838

Lobby HoursMon–Thur: 9 a.m.–4 p.m. Fri: 9 a.m.–6 p.m. Sat: 9 a.m.–Noon

Drive-Up HoursMon–Fri: 9 a.m.–6 p.m. Sat: 9 a.m.–1 p.m.

HOLMDELATM, open access

2111 Highway 35 North, Suite 3 Holmdel, NJ 07733

Ph.: 732.530.8100 Fax: 732.671.2732

Lobby HoursMon–Thur: 9 a.m.–4 p.m. Fri: 9 a.m.–6 p.m. Sat: 9 a.m.–Noon

NORTHBRUNSWICKATM, open access

The Shops at Commerce Place 2201 US Highway 1 South, Suite 119-B North Brunswick, NJ 08902

Ph.: 732.530.8100 Fax: 732.398.8609

Lobby HoursMon–Thur: 9 a.m.–4 p.m. Fri: 9 a.m.–6 p.m. Sat: 9 a.m.–Noon

Drive-Up HoursMon–Thur: 9 a.m.–5 p.m. Fri: 9 a.m.–6 p.m. Sat: 9 a.m.–1 p.m.

MIDDLETOWNATM, access allowed only to AT&T badge-holders

200 Laurel Avenue Middletown, NJ 07748 MT A2-3A07

Ph.: 732.530.8100 Fax: 732.368.8195

Lobby HoursMon–Fri: 8:30 a.m.–4:30 p.m.

BOARDOFDIRECTORSRuth Ann Kluin Chairman

Michael Hou 1st Vice Chairman

Derek D. Mahoney 2nd Vice Chairman

Ann C. Weingartner Treasurer

Gilbert B. Harris Secretary

Randall F. Weihs Director

Robert E. Hodges Director

Irene Kurc Supervisory Committee Chairman

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