UCU Credit Union
Banking made for Bruins
The University Credit Union (UCU) offers financial services tailored for the university community. Visit UCU at UCLA, located on A-level of Ackerman Student Union or explore its website through the link below.
Founded at UCLA in 1951, UCU has served the unique needs of the university community for over 70 years. UCLA faculty, staff, students, alumni and their immediate families are all eligible to begin banking with UCU and receive member benefits listed below.
Low rates
With UCU approval, members can get low rates on loans with the UCU’s Best Rates in the Nation Guarantee. According to its website, the UCU is “the only financial institution nationwide to guarantee that our rates on auto loans, credit cards, consolidation loans, and HELOCs are all within the top 1% lowest nationwide.” In other words, members pay less in loan rates and have more money to spend on themselves.
APY
On top of low rates, members can earn up to 5% Annual Percentage Yield (APY) on a cooperatively powered University Checking Account. For reference, the current average APY for checking accounts in the United States is 0.03% according to ValuePenguin, a resource for financial guidance.
Quality financial advice
Members also receive useful financial tips and advice from UCU. According to its website, “University Credit Union provides free financial coaching to help our members overcome debt challenges and get back on firmer financial ground, save enough for college or retirement, or other goals.” Members can even educate themselves on their own time with the UCU’s online, on-demand financial education modules.
Benefits beyond campus
The benefits of being a UCU member are not restricted to the UCLA campus; beyond access to several surcharge-free ATMs on campus, members can also withdraw money from 30,000 CO-OP ATMs nationwide. Members can also manage their bank accounts on the go through convenient online and mobile banking.
Visit the UCU in Ackerman Student Union any time from 9 a.m.-5 p.m. on weekdays. For the UCLA UCU location information, visit the link below:
