Official Credit Union of UMass Athletics

Official Credit Union of UMass Athletics

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Quarterly Market Review: July- September 2017

By Andrea Onyski.

Trading during the summer months is customarily slow, and the summer of 2017 proved no different. July kicked off the third quarter with equity markets enjoying noteworthy gains over their June closing values. Both the Dow (2.54%) and S&P 500 (1.93%) posted significant gains, as did the Global Dow (3.13%). The Nasdaq posted a very favorable 3.38% monthly increase. The yield on long-term bonds changed very little from June as investors seemed to focus on surging equities. Crude oil prices reached $50 per barrel by the end of July after closing June at $46 per barrel. The national average retail regular gasoline price was $2.269 per gallon on July 31, down from the June 26 selling price of $2.288.

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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Same Day ACH is Here!

By Alexis Mirecki.

Did you know that your payments are now moving faster?  Thanks to Same Day ACH, payments that once took up to three days will now be complete in just hours. What Has Changed? What this means for you is no more tied up funds, or watch...

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Readers Choice "Best Credit Union 2017"

By Andrea Onyski.

We thank you, our loyal members, for helping us celebrate our 50th Anniversary by awarding us with the Daily Hampshire Gazette's Readers Choice Award for "Best Credit Union" for the FOURTH year in a row, as well as "Best Credit Union" in the Valley Advocate Reader Poll for the ELEVENTH year in a row!

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