Refinance Your Mortgage While Rates Are Low

By Jeanne S. Kearly, Mortgage Supervisor

Mortgage rates are still low, and it's still a good time to conduct a "Mortgage Check-Up” because you could possibly save money by refinancing. It is important to periodically review your mortgage to determine if it still fits your current financial situation. Remember to contact the credit union if you have any questions about your options even if you didn’t get your Mortgage from us.

5 Factors to Consider about Refinancing
1. Are interest rates lower than what I currently have?
2. Is my payment changing due to an adjustable rate mortgage?
3. Is my home value appreciating?
4. Am I having trouble making my payments?
5. Do I have a second mortgage?

5 Reasons to Refinance your Mortgage
1. Lower your monthly payment
2. Switch from an Adjustable Rate Mortgage (ARM) to a Fixed Rate loan
3. Free up tax deductible cash for debt consolidation, home improvements, college expenses, etc.
4. Eliminate your Private Mortgage Insurance payment
5. Build Equity by shortening your term and save thousands in finance charges

Keep in mind that each person’s mortgage needs are unique and we can help you select the best option. We have several mortgage programs available to fit any need. Do not hesitate to call our Mortgage Department to answer any questions that you may have about your existing mortgage or to discuss refinancing.

Important Reminder Concerning Visa Card Disputes

Please be sure to review your statements promptly and notify us immediately of any unknown or questionable transactions. Transaction errors must be reported within 60 days of the statement date.

For Visa Credit Card disputes, please call 800.299.9842.
For all other transaction disputes, contact the Credit Union at 989.754.6575.

CU@Home and SPEEDY Service Availability

Please note that CU@Home and SPEEDY will be unavailable between the hours of 7:00 pm and 11:00 pm on Wednesday, February 11th due to software upgrades. We apologize for the inconvenience that this may cause. If you have any questions, please feel free to contact us.

Thank you for your continued patronage.

Recent Card Data Breach

We have been notified that some Member's Credit and Debit Card Accounts have been compromised by unauthorized individuals who gained access to account numbers through a payment systems company, possibly for the intention of fraudulent activity.

We have been assured that the compromised data did NOT contain cardholder Social Security numbers, unencrypted personal identification numbers (PIN), addresses or telephone numbers.

Members whose cards were affected will be notified by mail and a new card with a different number will be issued. Please note, this does not necessarily mean that fraudulent activity has taken place. Please be sure to monitor the activity on your accounts regularly and report any suspicious activity to Team One Credit Union at 989.754.6575.

For more information, please visit our Compromised Card Q & A page.