News & Information from Your Credit Union.
Member Spotlight Notices SMART Employee Workshops
Member Newsletter 2023 V3
Federal Student Loan Payments Resume Soon: What You Need to Know
Most federal student loan payments and interest have been suspended since March 2020, and are resuming this September.
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Credit Union News:
UMassFive Launches
Compass: Financial Pathways
Embodying our spirit of meaningful conversations and personalized service, UMassFive is proud to announce our new Compass Program.
Business Member Spotlight:
Beth Pellettieri, Life + Business Coach
Meet Beth Pellettieri, featured in our Business Member Spotlight.
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Technology Spotlight:
uChoose® Card Rewards
Learn about the recent launch of our new cards rewards program, uChoose!
Security Spotlight:
Keeping Vigilant Against Fraud
At UMassFive and banking institutions across the country, fraud prevention continues to be a major focus.
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Community Involvement:
Fall Fundraising Efforts
This fall we will again be participating in Will Bike 4 Food and the UMass Cancer Walk and Run
Financial Wellness:
Why You Should Consider a Term Deposit
For the first time in a long time, members have the opportunity to save more with higher interest rates.
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Retiring Confidently Forum 3.0
Join your UMassFive CFS* Advisors for an engaging forum on the topic of retiring with confidence.
*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the Credit Union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. UMassFive College Federal Credit Union has contracted with CFS to make non-deposit investment products and services available to Credit Union members. CUSO Financial Services, L.P. (CFS) and its Registered Representatives do not provide tax or legal advice. Clients should always check with their tax advisor before engaging in any transaction involving IRAs or tax-advantaged investments. Before deciding whether to retain assets in an employer sponsored plan or roll over to an IRA, an investor should consider various factors including, but not limited to: investment options, fees and expenses, services, withdrawal penalties, protection from creditors and legal judgments, required minimum distributions and possession of employer stock.
When it comes to checking, you can have it all and more.
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Be Ready for Back to School!
Terms starting at 12 months at 7.99% APR**
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** APR is annual percentage rate. The rates and payments disclosed are based on a minimum credit score of 660. To receive approval for this offer, applicants must satisfy any applicable criteria bearing on their creditworthiness, including income, employment, and any other information provided on their application. The maximum loan amount is $10,000. A minimum approval of $500 required. Offer does not apply to the refinancing or paying off of any other UMassFive loan. Because this is a promotional rate, Co-op Points are not available to lower rate. Payment examples: The monthly payment for a 7.99%, 12-month term loan is $86.98 per $1,000 borrowed, the monthly payment for a 9.99%, 24-month term loan is $46.14 per $1,000 borrowed, and the monthly payment for a 11.99%, 36-month term loan is $33.21 per $1,000 borrowed. This offer ends September 30, 2023.