Official Credit Union of UMass Athletics

Official Credit Union of UMass Athletics

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Archive for September 2015

4th Annual Mass Impact Day of Service

By Cait Murray.

UMassFive would like to spotlight a wonderful cooperative effort taking place in our community on September 26, 2015. The 4th Annual Mass Impact Day of Service is a one-day event during which UMass students, staff, faculty, and alumni contribute their time and energy to a host of organizations and projects throughout the Pioneer Valley.

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Market Month: August 2015

By Craig Boivin.

Despite favorable economic news later in the month, the U.S. stock market was unable to recover all of its losses and closed in negative territory compared to July. Key factors in the downturn include fear that China's economy is weakening, the steep drop in the price of oil, lackluster corporate earnings reports, and the potential for an imminent interest rate hike. Each of the major market indexes listed here dropped between 6% and 7.50% for the month. The Dow, down more than 6.50%, marked its largest percentage decline since May 2010. Year-to-date, only the Nasdaq remained in positive territory--but only barely.

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. 

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