News & Information from Your Credit Union.
Member Spotlight Notices SMART Employee Workshops
Member Newsletter 2021 V2
Thank you for voting us the Best Credit Union in the Valley for the 15th consecutive year!
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A Loan for All Your Needs
At UMassFive, we understand that our members have unique needs, and that those needs also change throughout the various stages of a lifetime. This fundamental appreciation drives us to offer a wide-ranging slate of loan options so we can be there with the financing you need, no matter where you are on your financial journey.
New Worcester Branch Entrance & Thornes Marketplace ATM Now Open!
Our new UMass Worcester Branch entrance is now open for members visiting the Medical School campus. Leading directly into our lobby from the reserved UMassFive parking spaces, this new entrance is now home to our 6th ATM with Video Teller functionality!
Members can swipe any card with a magnetic strip to enter the foyer and use the ATM machine for 24-hour access to their accounts, or touch the screen to connect with one of our Video Tellers during their extended availability.
We're also thrilled to announce another option for our members shopping in Northampton to easily access cash while they’re out and about. Our newest ATM is located just inside the front entrance of Thornes Marketplace!
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Your Student Loan Repayment Plan: Is Refinancing the Right Move?
Once you graduate or leave college, it’s time to start thinking about your student loan repayment plan. It isn’t anyone’s favorite task but sorting out a few pieces of information can help.
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Sponsor Group Spotlight:
Five Colleges, Incorporated
UMassFive is proud to serve the employees of Five Colleges, Incorporated, also known as the Five College Consortium.
Financial Wellness:
It's A Money Thing!
Who said financial education has to be serious or boring?
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Security Spotlight:
Protect Yourself and Your Family From Fraud
Here at UMassFive we take your security very seriously. That is why we do everything we can to stay informed and to pass along what our members can do to protect themselves from the latest threat. As the COVID-19 pandemic stressed our economy and lives and kept family members at arm’s length, scammers were at work capitalizing on the uncertainty. Whether under the pretense of romance, official IRS or CDC business, or a friend in their hour of need, here are some red flags to look out for and ways to protect yourself.
The SECURE Act and Your Retirement Savings
The Setting Every Community Up for Retirement Enhancement (SECURE) Act was enacted in December 2019 as part of a larger federal spending package. This long-awaited legislation expanded savings opportunities for workers and included new requirements and incentives for employers that provide retirement benefits. At the same time, it restricted a popular estate planning strategy for individuals with significant assets in IRAs and employer-sponsored retirement plans. Here are some of the changes that may have affected your retirement, tax, and estate planning strategies.
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Love your loan as much as your car.
Auto Loan Rates as low as 1.99% APR*
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*APR= Annual Percentage Rate. Lower your rate even further with Co-op Points! APR and maximum loan-to-value based on your credit score, vehicle age, and vehicle mileage. Your actual rate may be higher. Rates accurate as of May 1, 2021 and subject to change without notice. In order to keep our rates low, we do not offer refinancing on existing UMassFive Auto Loans.
Update Your Space
With terms up to 12 months at 3.99% APR*
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* APR is annual percentage rate. The 3.99% APR promotional rate is good for a maximum term of 12 months only. The monthly payment for a 3.99% APR loan with a 12-month term equals $85.15 per $1,000 borrowed. Maximum loan amount is $3,500. This offer ends May 31, 2021. Acceptance of this promotional offer must be made by that date. The rate disclosed is based upon a minimum credit score of 660. Minimum approval of $500 required. Granting this offer, after you respond to it, is conditioned upon your satisfying any applicable criteria bearing on your creditworthiness, including income, employment, and any other information you may provide on your application. Because this is a special one-time promotional rate, Co-op Points are not available to lower the rate.