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We are always looking for innovative and creative ways to help stretch your budget and make your hard-earned money go a little farther. We’ve recently rolled out several initiatives with your financial wellness in mind, including:
As we navigate the future, one thing is for certain: you can count on us, your not-for-profit Credit Union, to meet you wherever you are in your financial journey and support you in achieving your goals.
The Credit Union's annual meeting is our chance to report to you, our member-owners, on the progress we've made this year to strengthen the financial wellness of our members and local communities by building an ever-stronger, more vibrant, and more responsive financial institution.
Zelle® is a fast, safe and easy way to send and receive money with people you trust, like your babysitter, coworkers, fellow PTA mom, or your son’s soccer coach. Whether you just enrolled with Zelle® or have been an active user for a while, there are a few tips you should always keep in mind to ensure you are being safe when sending money.
Only send money to people you know and trust
Money moves fast with Zelle®, directly from your UVA Community Credit Union checking account to someone else’s checking account within minutes*. So, it’s important you know and trust the people you’re sending money to.
Why? Because you can’t cancel a payment once it’s been sent if the recipient is already enrolled with Zelle®. And if you send money to someone you don’t know for a product or service you might not receive (like paying for something in advance), you may not get your money back. Keep in mind that sending money with Zelle® is similar to handing someone cash.
Beware of payment scams
One example of a payment scam is buying event tickets at a price that seems too good to be true from a stranger and never receiving them. If the seller asks you to use Zelle® to purchase the tickets, you should refuse unless the seller is a person you personally know. Also, keep in mind that no one from UVA Community Credit Union will ask you to send them money with Zelle® as a test or to send money to avoid a fraud event.
Neither UVA Community Credit Union nor Zelle® offers a protection program for authorized payments made with Zelle®. So, if you aren’t sure you will get what you paid for, you should use another payment method with purchase protection, such as a credit card.
Treat Zelle® like cash
Did your friend change phone numbers recently? It’s easy for people to change their phone number or email address. When in doubt, contact your friend to verify the email or U.S. mobile number they used to enroll with Zelle® before you hit “Send.” Another good check point for ensuring you're paying the right person is to confirm the first name that is displayed for enrolled emails and U.S. mobile numbers.
If a person has already enrolled a U.S. mobile number or email address with Zelle®, you can’t cancel the transaction, so it’s important you get it right the first time.
For more information and videos on how to use Zelle® safely, visit “How to Pay it Safe with Zelle®.”
*U.S. checking or savings account required to use Zelle®. Transactions between enrolled consumers typically occur in minutes.
Zelle® and the Zelle® marks are property of Early Warning Services, LLC and are used herein under license.
While April is designated National Financial Literacy month, here at the Credit Union, fostering financial literacy is a year-round effort. As a community-centric institution, we understand better than anyone the importance of equipping our members with the knowledge they need to make wise financial choices that align with their personal goals. That’s why we offer financial education seminars for adults all year, on topics ranging from general money management and dealing with debt to buying a car and acing a job interview.
Looking to prepare your child for the future? It’s never too early to start teaching them the basic principles of budgeting and saving. After all, conversations today lead to smart choices tomorrow. To kickstart these conversations, check out It’s a Money Thing, a collection of financial education videos that are fun for all ages:
1All loans and credit cards are subject to credit approval. Other restrictions may apply.
2There is a $5.00 opening balance requirement. Account requires a Membership Share Savings Account in good standing with the Credit Union.
Membership eligibility required. Minimum ongoing balance of $5 is required in a UVA Community Credit Union Share Savings Account. A one-time $5 membership fee may apply if not currently a UVA Community Credit Union member. Equal Housing Opportunity. Federally insured by NCUA. Membership eligibility required. Minimum ongoing balance of $5 is required in a UVA Community Credit Union Share Savings Account. A one-time $5 membership fee may apply if not currently a UVA Community Credit Union member. Equal Housing Opportunity. Federally insured by NCUA.
3This information is not intended as tax, legal, investment, or retirement advice or recommendations, and it may not be relied on for the purpose of avoiding any federal tax penalties. You are encouraged to seek guidance from an independent tax or legal professional. The content is derived from sources believed to be accurate. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. This material was written and prepared by Broadridge Advisor Solutions. © 2022 Broadridge Financial Solutions, Inc.
NOT A CREDIT UNION DEPOSIT; NOT NCUA INSURED; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY;NOT GUARANTEED BY THE CREDIT UNION; MAY GO DOWN IN VALUE
Securities, Investment Advisory and Financial Planning services offered through qualified registered representatives of MML Investors Services, LLC, Member SIPC: 222 Central Park Ave Suite 1100 Virginia Beach VA 23462 (757) 490-9041Call: (757) 490-9041. Member Wealth Management is not a subsidiary or affiliate of MML Investors Services, LLC or its affiliated companies.
We have individuals licensed to sell insurance products in the following jurisdictions: DC, DE, GA, MD, NC, NJ, OH, RI, TX, UT, VA, WA. We have individuals registered to offer securities in the following jurisdictions: DC, DE, GA, MD, NC, NJ, OH, RI, TX, UT, VA, WA
CRN202503-2015405